Officially back to trading........................ woohooo. i think i missed a hell lot... but i think there is much more to come...... which way is the big ? LOL
nevertheless............ im noticing nowadays in 2 hrs you can spot a whole daily move of trading when it was trading prior to these big moves and to me it seems like that after every 3-4 hrs newer moves are been attempted as if the day is closing every 3-4 hrs...... and this is wacky by all means....
did i just happen to press buy on Gold 2 days back........ Nah! i dont think that was me........ so who was that and what was that..........
dont know the fundies, havenot looked at the techs as well......
if anyone can pass on the summary of the last 2 weeks would be a good insight..........
Fingers itchy at the moment........
what do u fine ppl think......... buy or sell.......... as it seems like both bets would pay off if you could hold like 3-400 pips on a intraday basis...... did i just say that.......... crazy / wacky and what not and what not...........
who is doing this and seriously is this the meltdown of capatalism........
Lee bro's, AIG ----------------- what is next............
it seems like financial system and the houses are made of plastic cards and they are trembling one after another as if the major earth quake struck them....
first the credit crunch, still is...... then the mortgage, which is still is... and now the financial institute................ imagine if the financails are breaking out who now to finance it all........ the Fes's the Central banks........
it has got malpractice and the sort written all over.............
Cuba must be happy now and so is the socialism and it is apparent everything is now going to the central gov, if so then what about the free mkt.............. or was that all BS we heard all so long...........
is this the beginning of something big or the end of something here.........
i guess i will invest in what i know best.......... forex........ no attraction to any one bond / currency.......... sell the seller and buy the buyable one.....
lets see if we can do that 7 out of 10.........
GL to all and esp to me............ i need this more than anyone else as im coming in blind............. UPDATES any one and any suggestion to any trade................. thnx and mighty thnx with the cherry on the top in advance.............
so now what about the buy / sell insight................ i seriously need it.....
Take care all and will follow with the charts if there is anyhting decent left in them........... i dunno but will find out............
once again i assure you i didnot buy all that gold.... it was'nt me, someone else.............
Adios.............
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
Buy eurusd here. May get 100 pips before the close on Friday.
I am in at 4299, but my stop is not as wide as yours. Stop is at 4238, which accounts for my scalps on the day. If it stops, I still had a good week, and I will probably call it a week on the stoploss.
Last edited by Beezap; 09-18-2008 at 07:51 PM.
Reason: Keep the quote, remove the image
US and Asia have done a GREAT job of selling the news. Now when will they realize that the FACT of the plan will be print, print, print?
Perhaps when US govt officially declares COMMUNISM in Washington DC? Today Helicopter Ben is telling Congress and Bush to NATIONALIZE ALL BANKS and the congress and government is singing like a parrot instead of FIRING HIM INSTANTLY...
Perhaps when US govt officially declares COMMUNISM in Washington DC? Today Helicopter Ben is telling Congress and Bush to NATIONALIZE ALL BANKS and the congress and government is singing like a parrot instead of FIRING HIM INSTANTLY...
Wait until you read the details being reported right now by the WSJ. Nothing like emergency measures to screw things up, the free market that is.
01:41 More Details Emerging On Treasury Plan For Toxic Debt Sydney, September 19: According to the Wall Street Journal Treasury officials have been working on a plan to create an entity to take bad assets off of banks"s and financial firms balance sheets for weeks. The reports states that Treasury officials have been reluctant to go to Congress for the authority to create the entity for fear it wouldn"t get approved. The WSJ reported that the entity would differ from the RTC in that the new entity would not hold and sell assets of failed banks as the RTC did, but instead would buy the bad assets from solvent firms at steep discounts and eventually sell them back to the market through auctions. The WSJ also reported that the SEC will follow the UK FSA in temporarily banning short selling of financial institutions.
and eventually sell them back to the market through auctions.
now who the hell is going to buy junk bonds from that phantom entity at face value? This is another criminal attack on America, where debt will eventually be transferred on to the taxpayers. Basically they are aggragating all the debt under one single institution and then they will bail that out. Traitors!
The WSJ also reported that the SEC will follow the UK FSA in temporarily banning short selling of financial institutions.
I thought they already did that and UK was only following US...
It is the carry trade liquidation that has kept majors subdued against USD. when JPY begins to carry trade USD will be crushed. I do expect EUR to rocket past 1.60 this time, evident from the fact that it is capable of rallying 500 points in 48 hours. Basically there is nothing good going on in US. Regardless of that interest rate they set in US, people are going to relocate their assets out of US and that will destroy USD.
Officially back to trading........................ woohooo. i think i missed a hell lot... but i think there is much more to come...... which way is the big ? LOL
nevertheless............ im noticing nowadays in 2 hrs you can spot a whole daily move of trading when it was trading prior to these big moves and to me it seems like that after every 3-4 hrs newer moves are been attempted as if the day is closing every 3-4 hrs...... and this is wacky by all means....
did i just happen to press buy on Gold 2 days back........ Nah! i dont think that was me........ so who was that and what was that..........
dont know the fundies, havenot looked at the techs as well......
if anyone can pass on the summary of the last 2 weeks would be a good insight..........
Fingers itchy at the moment........
what do u fine ppl think......... buy or sell.......... as it seems like both bets would pay off if you could hold like 3-400 pips on a intraday basis...... did i just say that.......... crazy / wacky and what not and what not...........
who is doing this and seriously is this the meltdown of capatalism........
Lee bro's, AIG ----------------- what is next............
it seems like financial system and the houses are made of plastic cards and they are trembling one after another as if the major earth quake struck them....
first the credit crunch, still is...... then the mortgage, which is still is... and now the financial institute................ imagine if the financails are breaking out who now to finance it all........ the Fes's the Central banks........
it has got malpractice and the sort written all over.............
Cuba must be happy now and so is the socialism and it is apparent everything is now going to the central gov, if so then what about the free mkt.............. or was that all BS we heard all so long...........
is this the beginning of something big or the end of something here.........
i guess i will invest in what i know best.......... forex........ no attraction to any one bond / currency.......... sell the seller and buy the buyable one.....
lets see if we can do that 7 out of 10.........
GL to all and esp to me............ i need this more than anyone else as im coming in blind............. UPDATES any one and any suggestion to any trade................. thnx and mighty thnx with the cherry on the top in advance.............
so now what about the buy / sell insight................ i seriously need it.....
Take care all and will follow with the charts if there is anyhting decent left in them........... i dunno but will find out............
once again i assure you i didnot buy all that gold.... it was'nt me, someone else.............
Adios.............
Stryker!
Good to see you back !
I posted the short entry around 1,45 yesterday..... well anyone who did so made 300 pips so far ...... imo abc correction is done (top was 1,4540)
dwnside: if 1,4150 falls will be testing 1,4080 next....if that goes 1,3880 is next
upside: need to break 1,4280 -1,4300 area...then 1,4550 will be set for a test
green and red are entries I think might be worth a consideration ....stops nearby
10:47 Do Unified GCC Plans Pose The Single Biggest Risk To The USD? London, Sept 19. This week we have seen a host of fresh factors impact currency markets. However, early in the week we saw the US Dollar hold up reasonable well despite the swathe of seemingly negative news. The latter stages of the week has seen the USD fair less well but we are yet to witness the mass sell-off that many had initially feared upon return to work at the beginning of the week.
Liquidity and funding remain the biggest short-term concerns for those who remain active in the market and this despite the Thursday news of coordinated Dollar injections. These liquidity adds are aimed at soothing short-term concern and knee-jerk reactions that tend to exacerbate the situation.
However, this week has also seen one notable event pass largely unnoticed. This author is of the opinion that the GCC meeting in Jeddah presents the US Dollar with what is arguably the single greatest risk for future directionality.
With events in the US taking centre stage the meeting in the Middle-East to decide the fate of the united Gulf currency has managed to stay well below the radar. The Gulf Cooperation Council (GCC) met this week to deliberate and ratify the plans for a move towards united Gulf currency unit. What many have affectionately named the Sultan is more widely referenced as the Gulf Standardized Unit or GSU. The creation of a unified and freely floated GSU is hoped to free up the Gulf reliance of the Dollar and this will in turn move the entire market away from the use of the Dollar as a de facto clearing currency.
This week the US government and the Fed have committed themselves to selling huge amounts of UST"s for the foreseeable future but if a 2010 formation of a GSU moves the market dependence away from the USD then this will severely weigh on the United States ability to finance and re-finance the bail-outs and quasi-nationalizations seen this week. However, this debt is being underwritten under the assumption that the United States Treasury will be able to sustain the market appetite for US debt related products. A dangerous assumption in our view as the fundamentally flawed and financially challenged US economy is unlikely to fund itself indefinitely to the degree we currently see.
As a result, it will be the emergence of a unified Gulf currency that forces the issue. Once the currency is born, oil prices will have a natural gravitation towards being priced in local currencies and although most expect some degree of Dollar peg initially, the gradual move towards a managed appreciation will intensify the pressure on the US unit and may ultimately shift the global balance of payments away from its current Dollar bias. For this reason the Gulf and the potential of the Sultan cannot be ignored. Matthew.Foster-Smith@ThomsonReuters.com
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Originally Posted by 4xis2ez 
