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it was the injection of funds into gbp...at least thats what i was thinking ....but now that big drop helped me alot..
not sure what just happed ,maybe because mondays a holiday nobody's holding nothing over the long weekend?
mac d's looking oversold on the shorter term charts..
from here till the usa open might take the shape of a correction..dont care either way im out of my trade and on the side lines for now.
hmmm..
they did try..,but it was known in the beginning that it was hopeless ..Germany see this ,as they did in the beginning as hopeless and have seen and involved with central banks around the world for a controlled default......but....
there is hope ,because the last line of defense to the European crises is forgiving debt...what happens to a person when debt is forgiven through bankruptcy? there credit scores sore because they have no debt..the future like jester says ,should be a long term diamond in the rough.
gl in your trades.
;)
I know I said this at the debate of greece and the IMF..told them to hold out until the world forgives its debt and start fresh..but no they didnt listen.....now what?
I'll bet in the end the debts are forgiven ,which will start a trend..its the only hope to the death spiral the IMF has created for the world.
noooo........
Greece Falls Into 'Death Spiral': Rising Debt, No Growth
and....the biggest debt is owed to GERMANY.!
The pound weakened against the dollar for a second day and gilts rallied as traders judged a surprise expansion of U.K. manufacturing as insufficient to keep the Bank of England from providing further stimulus for the economy.
Full Story
carry trades are unwinding..that could cause more rouge traders holding positions till they are stopped out. gold wants some action but with distrust in central banks and uncertainty in the majors 3rd world countries want their gold back..,very interesting..I say 1731. sell gold ..
74.22
thats the number to watch for nzd/usd...carry trade unwind alert central......!!!!
we paper traded a week if that...,
$50 here ,100 there ,1500 over there..school of hard knocks..
been there done that and everybody here too..lol
just have to remember you are a baby,and just because I say dont touch that or do that...you will have too ,just for the experience..
in between blown accounts go practice for a few weeks on oanda..come back and see a better trader.
my advice to you is start with the minimum account size...300-500?
and the biggest piece of advice im giving to you now ,you wont really understand it for at least a few years..lol
Try not to over-trade...!that in itself is a book to explain,but throw your first cast and we will help you the best we can..
somebody is always watching here.
;)
took 98 pips off my aud/usd short,
im going to wait to see if there is some kind of pull back ,but just trying to play safe..looking slippery though.,
negative 251 at the close for the dow..
time for a little more profit for your trade..
short gbp/usd for at least 75 pips...,
put your trade in then walk away..should have your money by morning.
;)
so your short?
shorting aud/usd myself....dow just dropped 200 points ,and gold is or should change directions to the low side once the confusion of direction is settled and the controlled slide of the euro continues.
aud/usd just broke below a major support on the 8hr chart..
I installed it..
but,it has pre installed apps from windows..
either way for now,im just wondering how windows survives with this kind of free software..so far I really like it,but like everything else I have to go through the learning curve...
on another note.....
this should be an interesting week on the financial front.
wouldn't surprise me to see a flash crash and a trading halt this month..,pandoras box is wide open..
wine?
I'll get it..
im using Ubuntu 11.04 - the Natty Narwhal.....
but yes fxcm has a downloadable platform that, that wine program should handle..I'll let you know.
;)
cant download fxcm trading platform in linux...but they have the web version.
:(
germany is saying no more money to bail out the euro...
ooooo.,that should move the markets.
germany says F that,no more..
as far as brokers go,
I suggest looking into fxcm.com,I've been using them for years now..
great charts......and when the peddle meets the metal,thats what trading is all about..and no ,I have no affiliation with fxcm :),
as far as margins go barney franks bill put a cap on that..use to be you could get 200-1 with fxcm,and 400-1 with other brokers..but trading like that is pure gambling ..1 trade could make you or break you in an hour..lol, now its 5-1 ,and wouldnt doubt to see it even go lower to pull the volatility out of the market.
but as long as you discipline your self to a 30 pip stop loss,and be patient enough to wait for a good entry via chart patterns,
and not OVER TRADE! you'll enjoy the 24 hour market.
GL.!
thanks....
;)
personally I hate trading the euro,
but you need to trade whats moving,i could turn this into a book . so much is happening in the world its actually turning the forex market into unknown territory where some traders see this and the other half sees that...such a great opportunity...COT data, Baltic dry index should be your guide...,nothing is getting better but you can damn sure go back in history and see what the feds are going to do in the long run,,,,,for now the elections are going to make the markets look like there is not a problem in the world ,so you have to follow the money for now.. gold........will take a beating for these things to happen.how else can you make the economy look rosy?.........countries are bringing their personal gold reserves home...to fight inflation.and give individual countries more control of their money...problem is.....goverment corruptions in 3rd world countries wish show what the future holds..........evrybody knows about it...2012..should be a good year ,spotted with hope ??...2013 every man for himself..!
so ..im buying the euro......like jester in his greek banking deal..long term we will both be right ...till 2014...
;)
not a problem ,because your actually seeing a change over..
forex as well as stocks but it more predominate in the faster pased forex market,we are about to see wild moves ,or it could be just sideways trading..personally i doubt it..just be on your guard..things can change at a moment notice..keep up on current events,!ts good to have you with us as a cautious and educated investor,
cheers.!
learned alot in the north country,
hickups.......
1 spoon of peanut butter........
thank me later
;)
with greece raising taxes and playing ball with the imf,along with the USA bailing out european banks when they just had that stress test. think back to the questions asked to ben by ron paul ,,point blank is gold money?..bens answer was NO...hmm,elections need gold to go down ..the dollar needs to be strengthened,and the dow has to be up....for hope for the democrates.....
guess we are in for a change of correlations......again Ron Paul is for the free markets..how else can an investor make money?..unless you fucked up on your trade and need a government bailout.??????
thats why im buying the euro right now and holding.plus im up 70 pips and just added to my position..see what happens over night.
have to warn you ..your hobbie is very addictive...up all hours of the night ,and then when you are asleep ,you will get up 4 or 5 times a night to baby your trade..its going to force you give up your spare time...lol
enjoy ...many others here that share your new passion.
;)
well..
just built a super computer.......g force 8800 video card..3 gigs of memory, processor is to big to mention in this post.BUT.........
its all ubunta baby! 160 gigs of ubunta space with not a drop of window connected to it......having problems installing flash for firefox though ..i know it has something to do with the terminal cammands..have to learn this..but i have a backup windows based laptop to keep things running untill I figure out ubunta...any suggestions or links from the linix master would be appreciated.!
;)
PS Google chrome doesnt need java..its built in...yea.!
how are you doing 24 hours later?
right now im long the euro..
have to watch and listen carefully....
Ron Paul
one more sin tax added to the list..
Obama Administration Set to Ban Asthma Inhalers Over Environmental Concerns
inhalers
good article:
Euro Strengthens on ECB’s Lending Offer, Merkel, Sarkozy Backing GreeceQ
The euro rose against the dollar for the first time in three weeks after the European Central Bank said it will lend dollars to euro-area banks, tempering liquidity concern amid the region’s sovereign debt crisis.
I dont think the fed is going to take any money out of circulation to shore up the euro banks....hey didnt the European banks just have a stress test and all the banks over there passed on the first shot???
ahhh..forget about it,it was just a thought that crossed my mind.,back to the federal reserve notes,It would be a damn shame for those notes to go up in value ........no, it will just turn on the presses ,that would make the dollar go down in value..,funny thing about those printing presses..turn them on for a second and it adds a hundred bucks to your grocery bill.
be careful on any euro short trade.
;)
Would gold confiscation be part of the implementation of a new money standard?
EU Banks Limiting Bullion Buying?
3-Year-Olds Branded “Racist,” “Homophobic” Put In Government Database
Kids’ future careers jeopardized by committing hate crime of saying the word “gay”
Paul Joseph Watson
Infowars.com
Thursday, September 15, 2011
Over 30,000 British schoolchildren, some as young as three, have had their names registered on a government database and branded “racist” or “homophobic” for using playground insults, infractions that could impact their future careers.
The shocking figures were disclosed after civil liberties group the Manifesto Club made a Freedom of Information Act request which betrayed the fact that kids who used petty jibes are now being treated as thought criminals by education authorities.
34,000 incidents of “racism” in total were reported for the year 2009-2010, with nursery school toddlers as young as three being put on a state database for using the words “gay” and “lesbian”. One child who called another “broccoli head” was also reported to authorities. Other cases included a child who used the word “gaylord,” while another who told a teacher “this work is gay,” was also added to the thought crime database.
The majority of the reported cases involved primary school children.
“The record can be passed from primaries to secondaries or when a pupil moves between schools,” reports the Daily Mail.
“And if schools are asked for a pupil reference by a future employer or a university, the record could be used as the basis for it, meaning the pettiest of incidents has the potential to blight a child for life.”
Schools are being pressured to report such incidents to authorities and face punishments for not doing so under anti-bullying policies.
This is a clear example of how hate crime laws have brazenly been hijacked by the state to get children institutionalized on criminal databases at an early age. This is about the state dictating what your child can think and say – it’s the thought police on steroids.
Orwell talked about the state reducing language via Newspeak in his book 1984. By eliminating the very words that come out of children’s mouths and punishing them for thinking certain thoughts, all critical thinking is ultimately abolished, and Big Brother assumes the supreme power to dictate reality – a dictatorship over our very minds.
heard today that the euro will allow controlled default within the next couple months.
also the drop in the euro the last couple of weeks,..being construed by the media that the drop has already been priced in the markets..
LOL..
bull shit. OMG..but thats another story for later..
so,if controlled defaults are controlled they would need a world bank to be the over seer..tada in comes the IMF and one step closer to a one world currency..but really ,would that be so bad?
the currency would be issued as credits on a chip,no big deal.
but forget about managing your own money..when a bill comes due,it will be ripped out of your account faster than you can blink...tax time would be horrendous for some....ouch..never could hide a dime from the IMF,..win some money playing poker with the boys..better make sure you make the tax deduction..yea its defiantly gonna be a dream come true for the power elite.
This is the dawning of the age of Aquarius
well i can..
my name is not jeff beck..
sleep well my friendly forex lurkers.!
closed out my trades..time for a real nap...stress free.
how can I sleep while communism spreads across the IMF?