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Oktoberfest Nightclub

  • #9,341
  • Nov 6, 2014 3:06pm Nov 6, 2014 3:06pm
Quoting janpec1000
{quote} they are pumping dollar from lows due to their policies.
Well it looks like I need to know more about different types of QE and where the money goes. Thanks.
Gone to a better place
  • #9,342
  • Nov 6, 2014 3:19pm Nov 6, 2014 3:19pm
Quoting Hickson
{quote} Looking at the chart one might start to wonder if his euros will be still of any value waking up tomorrow ... why did you go long? Probably just scalping?
Everytime E/U falls like a stone it looks like that
  • #9,343
  • Nov 6, 2014 3:35pm Nov 6, 2014 3:35pm
Quoting smikester
Whether the dollar/equity equation is healthy is open for debate. In any case, a (healthy) correction in equities will lead to more dollar strength and so on. Views welcome.
Why do you think that?
UJ tracks the S&P pretty much, equities crash the UJ will crash too. Yen has always been a 'safe haven' as well, although I can't quite figure that one out. The BOJ seems pretty much intent on destroying the Japanese economy and the Yen along with it Suppose you could say that about the Fed as well, although they appear to be doing a 'good job' with QE so far BTFDs?
used to be undecided but nowadays can't make my mind up
  • #9,344
  • Nov 6, 2014 3:42pm Nov 6, 2014 3:42pm
Quoting janpec1000
{quote} Its not that much about dollar destruction as it is confidence in FED and US dollar and its value increase. QEs especially FED one relatively gets little amount of currency in circulation most of it is kept away from money base as it goes into financial markets emidently or camped onto FED balance sheet. If QEs would be currency destructive in how they are structured, first 2 QEs would be more than enough to bring hyperinflation to USA already. Japan is different story, where they are going hardcore puting a much higher percentage of currency...
Interesting points, all this shit appears to be manipulated to fuckdom and beyond
I read a while ago that the problem now is to do with the 'velocity of money'. All this money printing is pointless now cos it is going absolutely nowhere except into the back pockets of the already massively fat bankers
Some fooker dumped about a billion and half worth of Gold futures/options just a few days ago......
used to be undecided but nowadays can't make my mind up
  • #9,345
  • Nov 6, 2014 3:56pm Nov 6, 2014 3:56pm
Quoting mrcreosote
{quote} Why do you think that? UJ tracks the S&P pretty much, equities crash the UJ will crash too. Yen has always been a 'safe haven' as well, although I can't quite figure that one out. The BOJ seems pretty much intent on destroying the Japanese economy and the Yen along with it Suppose you could say that about the Fed as well, although they appear to be doing a 'good job' with QE so far BTFDs?
Yes in 2008 when currencies crashed JPY served as safe haven, it also served as "spunge" where it consumed and rebounded G8 currencies in 2009. JPY and CHF are both save haven currencies though CHF is only good when financial system is stable or especially when fiat currencies are stable in general. When you have 2008 situation it becomes annoying to central bankers, becouse its too strong of magnet for capital inflows so they had to link it to EUR and sold gold reserves as part of it, while JPY keeps its fiat status all along and is there ready to "take a punch and sit down".
QEs have all been successful for what they have been made. Never judge their success on tales you see from central banks ie inflation-deflation, jobs, economy, they were and never will be in history designed for that. They did what they are designed to do. Prop up SP500 trough SP500 future contracts directly trough FED, promp up Nikkei225 trough BOJ QE money throwing into stock market, keeping interest rates low on bonds and yields by buying them agressively, expanding central banks balance sheets by keeping all toxic assets on it bought by QE, sending money to primary dealers to flow Comex with paper shorts, buying mortgages and promping up housing markets around whole world (FED, BOJ, BOE, BOC...), all of those asset buying (or selling in some cases) was success. Its all about keeping ponzi scheme together.
  • #9,346
  • Nov 6, 2014 3:58pm Nov 6, 2014 3:58pm
Quoting mrcreosote
{quote} Why do you think that? UJ tracks the S&P pretty much, equities crash the UJ will crash too. Yen has always been a 'safe haven' as well, although I can't quite figure that one out. The BOJ seems pretty much intent on destroying the Japanese economy and the Yen along with it Suppose you could say that about the Fed as well, although they appear to be doing a 'good job' with QE so far BTFDs?
Yes, you are probably talking about this guy, he is front line of gold assult:
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  • #9,347
  • Nov 6, 2014 4:00pm Nov 6, 2014 4:00pm
let us look again

EU daily TF

was stopped out of my net-long positions at 2410

now at 2375 I have closed the remaining long time short positions (the last 20%)

took some long also here @ 2375


risk towards 2300 to 2335

if that breaks, 2115 may be on the cards next


have to do some calculations
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  • #9,348
  • Nov 6, 2014 4:05pm Nov 6, 2014 4:05pm
Quoting janpec1000
Its all about keeping ponzi scheme together.
I argue this shit with my friends until I'm blue in the face, in fact I think it has now sent me completely mad, the public (even the intelligent ones) are just not interested.
I just dance around the house now singing BTFD (buy the fucking dips)
I was reading this earlier:
Ron Paul’s words alert us as to when a dollar collapse is imminent.
“We will know that day is approaching when oil-producing countries demand gold, or its equivalent, for their oil rather than dollars or euros.”
Someday, perhaps soon, Americans will wake up to a new reality, like they did on August 15, 1971.
I recall reading a story about Libya wanting to sell oil for gold and that's why the yanks destroyed Gadafi.....
Do you think the bastards will just keep printing forever? Looks likely to me....
used to be undecided but nowadays can't make my mind up
  • #9,349
  • Nov 6, 2014 4:07pm Nov 6, 2014 4:07pm
Quoting mrcreosote
{quote} Why do you think that? UJ tracks the S&P pretty much, equities crash the UJ will crash too. Yen has always been a 'safe haven' as well, although I can't quite figure that one out. The BOJ seems pretty much intent on destroying the Japanese economy and the Yen along with it Suppose you could say that about the Fed as well, although they appear to be doing a 'good job' with QE so far BTFDs?
Well, it's a fact. You sell shares and you get money in return. You are buying dollars. But I also don't get the link between equities and Usd/Jpy especially now the carry trade is finished. It is something to do with treasury bonds. Anyway. Here's a link to an article by someone who sounds as though they know what they are talking about. http://www.investopedia.com/articles...sury-bonds.asp
Gone to a better place
  • #9,350
  • Nov 6, 2014 4:20pm Nov 6, 2014 4:20pm
Quoting smikester
{quote} Well, it's a fact. You sell shares and you get money in return. You are buying dollars.
Well nobody is selling shares, that's why they are at an all time high??? <confused again here>
Will try and understand that link, thanks for posting
Anyway, I'm gonna take a leaf out of schickeria's book and believe 'fundies are a nonsense for me'
It's all about 'levels' if you ask me, all these stupid MAs and other MT4 shit are just put there to confuse the public as well
Right I'm off for more wine and dancing around the kitchen whilst poking myself in the eye and chanting 'Jamie Dimon is a wanker and fundies should be ignored by serious traders'
used to be undecided but nowadays can't make my mind up
  • #9,351
  • Nov 6, 2014 4:26pm Nov 6, 2014 4:26pm
Quoting janpec1000
{quote} . Never judge their success on tales you see from central banks ie inflation-deflation, jobs, economy, they were and never will be in history designed for that. They did what they are designed to do
Thanks.

Quoting mrcreosote
{quote} Right I'm off for more wine and dancing around the kitchen whilst poking myself in the eye and chanting 'Jamie Dimon is a wanker and fundies should be ignored by serious traders'
Sounds like a good idea.

Bye for now thread...
Gone to a better place
  • #9,352
  • Nov 6, 2014 4:35pm Nov 6, 2014 4:35pm
Quoting kbmoonshinex
{quote} should hit your target
Closed at 142.65. Good night everyone.
  • #9,353
  • Nov 6, 2014 10:44pm Nov 6, 2014 10:44pm
Quoting PayTheLimit
will try some longs in the AUD at 8567, risk 8551...
this bright idea also cost me 16 pips...
Look Sharp/Trade Tight
  • #9,354
  • Nov 6, 2014 10:49pm Nov 6, 2014 10:49pm
just tried some yen shorts at 115.41, risking 115.57, trying for 114.71....last trade for the week..
Look Sharp/Trade Tight
  • #9,355
  • Nov 7, 2014 12:10am Nov 7, 2014 12:10am
waiting my 143.00 EY
looking for investors . pm me
  • #9,356
  • Nov 7, 2014 12:31am Nov 7, 2014 12:31am
eu i closed bigger part 2371. some left. looking to short again higher
looking for investors . pm me
  • #9,357
  • Nov 7, 2014 12:55am Nov 7, 2014 12:55am
Quoting kbmoonshinex
eu i closed bigger part 2371. some left. looking to short again higher
How much higher?

The last time we were here we went back to 1.27xx
  • #9,358
  • Nov 7, 2014 12:58am Nov 7, 2014 12:58am
Good morning from down under
  • #9,359
  • Nov 7, 2014 1:10am Nov 7, 2014 1:10am
i am long eu from 2375
looking for investors . pm me
  • #9,360
  • Nov 7, 2014 1:10am Nov 7, 2014 1:10am
Quoting CandleStar
{quote} How much higher? The last time we were here we went back to 1.27xx
2460 - 70
looking for investors . pm me
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