While I cannot Trade until five EST. I am intrigued by the Shenanigans of the behind the scenes trading shown in Marketscope.
Holding three short positions, I must say, I am not unhappy with what I see.
"May the Shorts be with You!"
George Papaconstantinou told investors they will lose their shirts if they bet cash-strapped Greece will default.
I recall Bear Stearns attempting similar spin when the market vigolanties had at it. I recall traders saying that was the moment they knew for sure it was in serious trouble. Rule#1 if your confident about your plan you need not say anything.
Yes, its reminiscent of when Ken Lay told investors that Enron's balance sheet was impeccable
With the help from the IMF and Greece "bilateral loans" euro zone is not strengthened, but weakened. The end of the Euro trend moves closer, says Prof. Wilhelm Hankel. The next alternative candidates in the euro zone will need 0.5 billion euros. Germany will have to pay them billions 150th
The beginning of the end of the euro is introduced. This is the conclusion Prof. Wilhelm Hankel. Given the grotesque bailout by the IMF, ECB chief Trichet would have self-immolation with the "have to" threaten, since the European Central Bank has been deceived.
The so-called rescue operation in terms of Greece improved the situation can not but aggravate the situation on the euro analyzed, Prof. Wilhelm Hankel in an interview with MMnews.
next candidates who need help are the Portugal, Spain, Italy. The rescheduling of the south tract volume is in the next few years, about 500 billion euros. Of which Germany would have to shoulder around 150 billion.
Prof. Hankel concludes that only a withdrawal of Greece from the euro, the currency can still save. The Greeks would have to back into the exchange rate mechanism, the precursor to the euro. There, they could then depreciate some years and a new start in taste.
. The use of the IMF, according to a Hankel "double-grotesque". First, the IMF serves only to foreign central banks to compensate for deficits.The IMF can states do not give direct loans indebted.This would require the IMF Articles of Incorporation be amended and that was unlikely.
Second, the IMF, the U.S. calling the shots, and the Americans have no interest to strengthen the euro.
Moreover, it would go in the so-called rescue operation not to Greece itself, but only about saving the banks involved there. In particular, German banks were sucked full of "South Track Bonds'.Therefore, the banks had insisted on a life of Greece - from concerns about a depreciation of their investments.
But in the end use the entire rescue operation nothing, either because inflation of the south tract infects the stable net payer or end of the German taxpayer is liable for the deficiencies of the south tract.
Canadian Finance Minister Jim Flaherty said that finance officials from some European expressed concerns that the size of a rescue program for Greece may not be sufficient. "There is a concern about making sure that the package is enough so that it's a one-time event," he told reporters.
This week I'm looking for a daily close below 1.3250 to confirm the final move down to major support 1.31 >1.3050. This will complete the extension of first retrace from the move down from 1.51.
Thanks. I am on a loss, I mistakenly bought @ 1.39 Any help when to sell and start short ?
Sorry ! I am very new :-)
If You can Hang in for another Year, the price may return to 1.39. But then you've had to be holding this since 3 February at least.
Wheather You should go Short is up to You. All You can do at this point is lose more money. Sorry!
If You can Hang in for another Year, the price may return to 1.39. But then you've had to be holding this since 3 February at least.
Wheather You should go Short is up to You. All You can do at this point is lose more money. Sorry!
Bill come on just help the newbie no need to be sarcastic. u are still a newbie too u know with your mdm B.... and her balls.LOL
i just loss 26pips clicking wrongly on a short. thats part of the game is suppose. will make it back real soon, so not bothered.
are u sure you long at 1.39??? it is a typo error? looks like u have to accept the fact and take the loss before being margin called unless you have a lot in your balance to take more draw down. but i think accept loss is better choice now.
wait for gap to close at about 1.337+ before going short. i am waiting too.
Bill will stop reading your post if u dont change your font size. its making many people becoming blind slowly.
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Good Evening Earthicans!
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Originally Posted by Steve125 
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