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  • #1,006,901
  • Jul 2, 2015 12:57pm Jul 2, 2015 12:57pm
Quoting Deliciouspip
{quote} i am sorry to hear that micho, i opened orders 1 hour before too and i still have negative pips floating, markets are quiet so i am waiting, still wont close these orders even if they are negative, price will come back, trend is trend and as someone in FF said its not a loss until you put a stop loss you know you can build it back again, wish you the best
thanks man
the thing is i broke a rule in my entry and at the same time the price reversed 4 times on me so this was one of a kind since 9 weeks. i didn't know this was possible. now i have to do some more reading and see if i'd try again. there are so many things the market movers can do to win over you...


hope you can keep your account too
When life gives you lemons, make lemonade
  • #1,006,902
  • Jul 2, 2015 12:58pm Jul 2, 2015 12:58pm
Quoting sisse
{quote} I 100% agree on that one ... the average Joe in Greece is the one who will pay the toll [and a very heavy one]. Ironically , the place where democracy was born, is now the place to learn the very harsh lessons and conseuqences of what happens when you don't vote for the right people for the job for so long .... sisse
the average Joe in emu is the one who will pay the toll.
those who can, do. those who cant, talk about those who can
  • #1,006,903
  • Jul 2, 2015 1:01pm Jul 2, 2015 1:01pm
Looking bleak for my entries before the holiday. Oh well, have a good 4th to all the Americans.

Anyone else....have fun doing whatever it is you do on the 4th......which I cant imagine would be anything else but celebrating America's independence day anyway.
  • #1,006,904
  • Jul 2, 2015 1:02pm Jul 2, 2015 1:02pm
is anyone having doubts about ecb credibility if compared to 7 years ago? we are the market.
those who can, do. those who cant, talk about those who can
  • #1,006,905
  • Jul 2, 2015 1:04pm Jul 2, 2015 1:04pm
Quoting gatorinla
{quote} the average Joe in emu is the one who will pay the toll.
Not sure about that ... The Germans and friends knew the latest bailouts was unrecoverable money short term... it was the toll to save the bastards (banks and private holders) in 2012 and the extra to keep the EuroZone relatively calm....

The first part worked perfectly, the Second part didn't really work out as they expected (but it did work in Ireland, Portugal and Spain) ...the "never to recover" money lend to Greece is peanuts [in size] if you put in the context of never ending loans with 36+ to 100 years of maturity ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,006,906
  • Jul 2, 2015 1:07pm Jul 2, 2015 1:07pm
Quoting micho
today i lost 50% of my account, including all profits from last 4 weeks due to NFP spike and bad entry fuck it, i still have an account and will try to build it up again
👍
  • #1,006,907
  • Jul 2, 2015 1:08pm Jul 2, 2015 1:08pm
u.s. had some less than expected employment news, it shot up 75 pips.. below 1044 its erased
those who can, do. those who cant, talk about those who can
  • #1,006,908
  • Edited 1:21pm Jul 2, 2015 1:08pm | Edited 1:21pm
Quoting sisse
{quote} I 100% agree on that one ... the average Joe in Greece is the one who will pay the toll [and a very heavy one]. Ironically , the place where democracy was born, is now the place to learn the very harsh lessons and conseuqences of what happens when you don't vote for the right people for the job for so long .... sisse
sure... who are the world's big bosses in this debt game? i don't think greece has lesson to receive from the world... who started at first this overDebt game? Who lose money? who win money?... the same who are giving lesson to loosers... the 5% of winners...
good luck all! bye...
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DONT ASK ME QUESTION, BUT U CAN BAN ME I DONT CARE!
  • #1,006,909
  • Jul 2, 2015 1:13pm Jul 2, 2015 1:13pm
Quoting gatorinla
is anyone having doubts about ecb credibility if compared to 7 years ago? we are the market.
I still think the ECB is the best CB of the decade by a mile.

Sure the FED has done wonders in the recovery (against all odds at one point) but the management of the crisis in Europe has been flawless from a CB perspective. Without the ECB, the eurozone would have collapsed a couple of years ago. It has kept deflation under [despite all the noise from neocons in Germany] control and even stimulating the economy (when they shouldn't legally) via QE...

Credibility as of today no doubts ... if Greece default to the ECB in two weeks [apparently the deal is a done deal so we wont see it but...] and a potential grexit with referendum ...will re evaluate the ECB after ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,006,910
  • Jul 2, 2015 1:18pm Jul 2, 2015 1:18pm
Quoting sisse
{quote} Not sure about that ... The Germans and friends knew the latest bailouts was unrecoverable money short term... it was the toll to save the bastards (banks and private holders) in 2012 and the extra to keep the EuroZone relatively calm.... The first part worked perfectly, the Second part didn't really work out as they expected (but it did work in Ireland, Portugal and Spain) ...the "never to recover" money lend to Greece is peanuts [in size] if you put in the context of never ending loans with 36+ to 100 years of maturity ... sisse
a greek default will cause some poor guarantors to seek help. more loans on defaulted greek loans with interest to pay those new loans. with payments to follow that are unbudgeted for atm. placing a heavy burden on PIS and other guarantee members.. someone from cnbc said about 2.4% of current gdp added as debt.. if someone said the u.s. is growing at 3%, and we had to pay 3% of gdp. because of unbudgeted debt. it would be a big deal worldwide. in the emu its just explained away with wishful thinking BS.
those who can, do. those who cant, talk about those who can
  • #1,006,911
  • Jul 2, 2015 1:19pm Jul 2, 2015 1:19pm
Quoting DarrylX6
{quote} I'm no senior but the way it's going... Choppy, should look to long around the 1.1150 level selling around 1170 or short from the top back down to 1150 that's all that's on atm tight stops on these of course
What TF are you talking about? for this 20pip swing
  • #1,006,912
  • Jul 2, 2015 1:21pm Jul 2, 2015 1:21pm
Quoting micho
{quote} thanks man the thing is i broke a rule in my entry and at the same time the price reversed 4 times on me so this was one of a kind since 9 weeks. i didn't know this was possible. now i have to do some more reading and see if i'd try again. there are so many things the market movers can do to win over you... hope you can keep your account too
i will hehe, risk management is part of my rules

but im affraid i will have to let them open if they dont come back before tomorrow

that will be more risky xD
Perfecting your entry will increase your profits
  • #1,006,913
  • Edited 2:30pm Jul 2, 2015 1:24pm | Edited 2:30pm
sisse, you did not mention that your adviser told you to grow up.

edit:

this was said jokingly in reference to comments made by Lagarde asking the Greek to act like grown ups in their dialogue. this however did not appear to be covered by englishspeaking press, at least I cannot find a reference.

http://www.tagesschau.de/wirtschaft/...itert-103.html
  • #1,006,914
  • Jul 2, 2015 1:30pm Jul 2, 2015 1:30pm
Quoting micho
today i lost 50% of my account, including all profits from last 4 weeks due to NFP spike and bad entry fuck it, i still have an account and will try to build it up again
How is that lemonade tasting today
  • #1,006,915
  • Jul 2, 2015 1:30pm Jul 2, 2015 1:30pm
Up or down i do not know. I just see how price reacts at these levels for the next few days

1.0961, 1.10730, 1.11323, 1.11974, 1.12524, 1.14342 with ema's as my other supporting trend.

Good luck all.
There is no royal road to anything.
  • #1,006,916
  • Jul 2, 2015 1:36pm Jul 2, 2015 1:36pm
Quoting TheNoob
{quote} sure... who are the world's big bosses in this debt game? i don't think greece has lesson to receive from the world... who started at first this overDebt game? Who lose money? who win money?... the same who are giving lesson to loosers... the 5% of winners... good luck all! bye... {image}
???... I think you forgot to add the most and only important factor when you talk about debt (private or public) which is call the Capacity to Pay.

Without that very key factor, you are just comparing apples to oranges....

sisse

Quoting gatorinla
{quote} a greek default will cause some poor guarantors to seek help. more loans on defaulted greek loans with interest to pay those new loans. with payments to follow that are unbudgeted for atm. placing a heavy burden on PIS and other guarantee members.. someone from cnbc said about 2.4% of current gdp added as debt.. if someone said the u.s. is growing at 3%, and we had to pay 3% of gdp. because of unbudgeted debt. it would be a big deal worldwide. in the emu its just explained away with wishful thinking BS.
Well the whole debt to pay debt to renegotiate debt its just a bunch of financial technicalities to differ payments, avoid default and more importantly avoid making the extra money look very bad at the national level (so the press and the average guy in Finland or Austria, etc wont complain/notice too much that they are just pouring more money).

Its just technicalities to recycle debt without receiving the payback with the expectation that someday Greece will turn things around and pay.... the problem is now Greece is just fingering the EZ thats why the talking heads are angry with Tsipras...

In any case, will see how it pan out ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #1,006,917
  • Jul 2, 2015 1:41pm Jul 2, 2015 1:41pm
Quoting micho
today i lost 50% of my account, including all profits from last 4 weeks due to NFP spike and bad entry fuck it, i still have an account and will try to build it up again
Money management is a skill that comes over time. Sorry to hear that you lost 50% of your account. Blown few of my accounts but now trade with margin 450%+.
  • #1,006,918
  • Jul 2, 2015 1:48pm Jul 2, 2015 1:48pm
The situation is somewhat confused, not just in case of a Greek 'No' vote:
- any sanctions cause further damage
- a dismissal from the EU or EMU appears to be a legal challenge
- a euro exit would multiply the debt due to the depreciation

The cost of any debt 'haircuts' need to be picked up by European tax payers to the benefit of financial institutions which were bailed out by effectively the money the IMF granted Greece.
  • #1,006,919
  • Jul 2, 2015 1:55pm Jul 2, 2015 1:55pm
The US Non-farm payrolls today barely had an effect on the market. I suppose everyone is waiting for the Greek referendum on Sunday. I think EUR/USD will likely continue consolidating for now, though a drop to the support at 1.1000 is still possible.
  • #1,006,920
  • Jul 2, 2015 1:58pm Jul 2, 2015 1:58pm
Quoting 2046
The situation is somewhat confused, not just in case of a Greek 'No' vote: - any sanctions cause further damage - a dismissal from the EU or EMU appears to be a legal challenge - a euro exit would multiply the debt due to the depreciation The cost of any debt 'haircuts' need to be picked up by European tax payers to the benefit of financial institutions which were bailed out by effectively the money the IMF granted Greece.
As TheFool said it in the other thread. Old fashioned "Regime change" is the name of the game now. There is where all the bets are in a "yes" referendum.

That will allow kicking the can "by default" [no pun intended] with a new government giving a emergency loan extension FOR 6 months (dec 2015) before the new government implement all the IMF /EZ recommendation to get a new bridge loan to cover all Greek debt repayments for the next 2 years.

This is pretty much literally the deal in play now with a YES vote

Basically, kicking the can for 2 years and hoping this time Greece reform .... Any other scenario is bad ...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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