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postman
Nah, it's just the yanks hovering up some easy long stops on their own markets !!!!!
Dow + 250 from hereHold on, fasten seat belts.
How are the currency's looking?
How are the currency's looking?
Honest there mate.
I am sure you got enough all day. I found it hard to fall all afternoon and the next 15 minutes will be fun and games I think.
GL
counter_violent
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All long against Jpy.
I've been in long EJ since last night from 133.94
Trail stop now @ 136.70 Bonsa !
Target @ 138.44
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P
postman
Dick Lexic
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Think they are anticipating the Greece final, Vix has the runs atm.
counter_violent
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Stopped +276
May re-enter, will see how it goes.
Main interest in Dow longs just now.
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Dick Lexic
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postman Once you realise the markets are being manipulated it makes your trading easier. :)[/QUOTE said:You need to enlighten us MR P
fxstrategist
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A lot of volatility in stocks due to the Greek dilema. Lets see what happens this week.
Dick Lexic
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The Greek Bailout Explained!
It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything.
No one earned anything.
However, the whole village is now out of debt and looking to the future with a lot more optimism.
And that is how the bailout package works!
I think I get it now ha
It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted.
Times are tough, everybody is in debt, and everybody lives on credit.
On this particular day a rich German tourist is driving through the village, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night.
The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher.
The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer.
The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.
The guy at the Farmers' Co-op takes the €100 note and runs to pay his drinks bill at the taverna.
The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him "services" on credit.
The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note.
The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.
At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money, and leaves town.
No one produced anything.
No one earned anything.
However, the whole village is now out of debt and looking to the future with a lot more optimism.
And that is how the bailout package works!
I think I get it now ha
Dick Lexic
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P
postman
You forgot the epilogue to the story.
Roll forward one year and the whole village is in debt and misery again, and waiting for the German tourist to come back.
P
postman
Dow held at 17950, not being allowed below this point, (I assume until after the 5pm chart print).
Dax also suspended in mid air. Cannot go below 11480.
Long live free markets. (China take note this is how you do it).
Dax also suspended in mid air. Cannot go below 11480.
Long live free markets. (China take note this is how you do it).
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postman
Dow can afford to drop a little now, 17960 was the hourly chart close. :whistling
You over think it Postman.
Do you believe the yanks care about the European close for one minute?
I might subscribe to a bit of fun and games on the overnights but that's mostly s/b guys having fun.
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postman
I'm sure $/Yen is hovering around the June 2007 levels.
Is that relevant?
Is that relevant?
Only if you are Japanese and had been to the states and forgot to exchange your unspent holiday money.
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postman
I was thinking of their 5pm Dow Hourly chart and making it look good.
Are you sure you didnt overthink your S&P weekly guesses.
NickBk YESTERDAY, 5:16PM 2069 please
NickBk TODAY, 11:16AM 2110 please
Just a bit of fun, hope your having another good day.
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postman
P
postman
I think $/yen goes back down to 122.85
P
postman
Before 4am (BST) tomorrow.
