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The "up-to-the-minute Market Data" thread

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posted on Feb, 5 2010 @ 03:19 PM
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I'm glad to see the PPT is still active, and well, the markets are completely fake.


Yeah.


I pulled my Roth IRA a couple weeks ago. I think I am going to go to the Indian Casino, as it is a lot more fair and predictable than the stock market.




posted on Feb, 5 2010 @ 03:21 PM
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reply to post by downtown436
 


Dan Hoenig owns you (and me).

Nothing nefarious about the rise at end of day IMO.



posted on Feb, 5 2010 @ 04:02 PM
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I've said it before and I'll say it again, The equities markets will not necessarily reflect anything except more worthless dollars. The markets will only fall if there isn't enough dollars thrown into them. Why would anyone with the ability to create dollars at will, allow that to happen?

There are some in the world who preach inflation as a way to default on debt. There is absolutely some truth to the argument. The problem is that it is stealing from anyone who 'saved' money. Therein lies the fallacy that you can 'save' something denominated in paper with someone elses name on it.

So goodbye China debt and goodbye 401k and bank account american citizen. Which of course will not satisfy the Beast of entitlement and then the real fun begins as we devalue for devaluations sake, aka Hyperinflation.



posted on Feb, 5 2010 @ 05:13 PM
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reply to post by GreenBicMan
 


Yes, my blood pressure is "emotional" as weight and healthy habits has been part of my life since I was first diagnosed with high blood pressure in my thirties.

Now I have to deal with "women issues blood pressure" because my age, so I just came from my doctor today and I will be using a patch, to treat both.

I still do every thing to help, diet, healthy weight, relaxation and exercise.

If I can not beat it at least I will make sure I am at the lowest end of drug treatment as possible.

Genetic plays a big role, you may not be able to avoid somethings but you can help make sure that other issues can be made as easier to live with as possible.

I hate big pharma but some times they can help make life easier.



posted on Feb, 5 2010 @ 05:16 PM
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reply to post by Vitchilo
 


I don't think so, they are going to follow up US example, print, borrow and print some more.



Then have a federal Reserve buying back the debt.



posted on Feb, 5 2010 @ 05:27 PM
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US stocks rose, with the Dow Jones Industrial Average erasing a 167-point drop in the final hour of trading, on speculation the European Union may propose a solution for Greece's budget deficit.

....so thats why it went up.



posted on Feb, 5 2010 @ 05:32 PM
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I figure instead of just talking about it, I'll be about it, and keep a running journal of what I am playing. Hopefully this will provide insight to the crowd in addition to the continuous education that financial markets provide endlessly as a whole.

This will keep me from over trading as well which has 100% been my demise, I will stick to this and keep it as a journal. By the way, you can play these as well with no more than $5.00 -> $10.00 USD by having a micro account - or you can just follow along.

This will also prove that technical analysis is not a fallacy, a theory which I am guessing many of you still disbelieve. Remember I have no subscriptions or need to push an agenda, or need for "web hits" so all information (as always) is to the best of my beliefs and abilities. If I am a loser, which can easily be the case, you can all hate on me (but I do not plan on letting that happen, ever).

I will usually (in a perfect world) only play the game if my risk reward is over 3:1. I plan on hitting 75%, so someone doing the math can figure that all out, but it amounts to driving a ferrari and maybe even moving out of my dads house in the end (lol!, this of course after many many many months of grinding it out). But seriously, this will all be by the book and I will be handling all these trades if handling other peoples money, so I will try to be as professional as possible.

Time to make serious money, do not have the time, and def. not the money to keep being an idiot making intraday dumb decisions, back to the book and hopefully out of the poor house.

By the way, it's not like I am trading a $100,000 account or anything, just trading .05 per PIP. You can play really any amount per PIP you want, but I shouldn't have to tell you how fast money compounds at an average of 5-10% per month.

After blowing my account I am starting back just with $20.00, that's all, and as I gain more money from outside sources I will adjust this obviously, but you have to start to rebuild somehow. So in the beginning I plan on making much bigger percentages obviously, then adjust etc. down the line. As you will see below these first 3 trades will be a total gain of around 50% (if they all do exactly what I suspect), so am starting out again way over-levered, but you do what you gotta do.

GL no matter if you decide to go straight against me, with me, or just with life in general.




1. EUR/USD

Playing for quick rebound, that is all, then will wait it out to see how it looks. You are looking at a WEEKLY scale chart. As I have said a few times already I plan on shorting the hell out of this once again in the future, but I salivate on the rebound I believe will most likely happen Sunday night/Monday/Tuesday.

Buy @ 1.3659

Profit @ 1.3811

Sell Stop @ 1.3612

Potential Profit = 152 Pips

Potential Loss = 47 Pips

Risk Reward = > 3.5 : 1









2. EUR/AUD

Already made my profit (see previous post) of over 3.5 cents (350 pips) before this but am still liking this chart. WEEKLY timescale again and again very confident in this, especially when you can easily define your risk. This is purely off reading candles. I am not sure if this whole move will take place this week, most likely will be a few.

Buy @ 1.5751

Profit @ 1.6169

Sell Stop @ 1.5662

Potential Profit = 418 Pips

Potential Loss = 89 PIPS

Risk Reward = 4.5 : 1












3. GBP/JPY

Nothing to say except for support and resistance. I think you can take this one to the bank, literally. Again WEEKLY scale and you have to love this weeks candle formation. Will evaluate when/if price comes up against the 20 EMA (red line), but again am very confident in what has transpired here. Again will be more than 1 week for this whole move to transpire, most likely will be 3 weeks -> 1 month.


Buy @ 139.72

Profit @ 1) 145.00 - 2) 146.80-147.50

Sell Stop @ 138.06

Potential Profit = 528 Pips - > 780 Pips

Potential Loss = 166 Pips

Risk Reward = 2.5-3.5 : 1








posted on Feb, 6 2010 @ 12:10 AM
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Eurozone 'pigs' are leading us all to slaughter
www.telegraph.co.uk... nance/comment/jeremy-warner/7168631/Eurozone-pigs-are-leading-us-all-to-slaughter.html

The financial crisis is coming to a new, potentially more deadly phase, says Jeremy Warner.

Are we about to enter a third, and this time fatal, leg of the financial crisis? The problems of euroland which have so unsettled markets this week – and in particular those of Portugal, Ireland, Greece and Spain (the "pigs", as they have become known in financial circles) – are worrying enough in themselves.

But they are also a proxy for much wider concern about how national governments extract themselves from the fiscal and monetary mire they have created in fighting the downturn. It's proving messy, though, and they are running the risk of provoking an even worse crisis in the process.

Think of the three phases of the economic implosion like this. The first was a fairly conventional, if extreme, banking crisis where a cyclical overexpansion of credit and lending suddenly, and violently, corrects itself in a great outpouring of risk aversion.

In the second phase, governments and central banks attempt to counter the economic consequences of this crunch with unprecedented levels of fiscal and monetary support. Temporarily, at least, it seemed to work.

Until now, investors have been happy to finance the resulting deficits, in part because government bonds have seemed the only safe place to put your funds, but also because central banks have, in effect, been creating money to compensate for the paucity of private-sector credit. The mechanism varies from region to region, but much of this new money has found its way into deficit financing.

We are now entering the third, inevitable phase of the crisis where markets question the ability of even sovereign nations to repay their debts. Unnerved by this loss of fiscal and monetary credibility, governments and central banks are being forced, much sooner than they would have wished, to start withdrawing their support.

I say earlier than they would have wished because the recovery is not yet assured. Private demand and credit provision remain subdued. Policy-makers knew they would eventually have to abandon their fiscal and monetary support, but the timing of it may no longer be a matter of choice.

The first tremors around these so-called "exit strategies" occurred in Dubai a few months back when the emirate, fearing for its own solvency, shocked markets by announcing that it no longer stood behind the debts of its financially stretched state-owned enterprises. In this case, Dubai's fellow and richer emirate, Abu Dhabi, eventually came to the rescue.

It is much less clear that Greece, Spain, Portugal and Ireland can rely on similar support, either from richer members of the euro area or the European Central Bank.

For the "pigs", membership of the euro excludes the easy option, which is to devalue and turn on the printing presses according to local needs. Instead, monetary policy, and increasingly fiscal policy too, are dictated by Germany and France, the core euro nations.

Whether the fiscal consolidation demanded is politically feasible looks questionable. And even if these countries do succeed in making the necessary adjustments, they may face a classic deflationary debt spiral, where slashing the deficit causes the economy to shrink further which, in turn, increases the deficit.

Little surprise, then, that one of the big bets in markets right now is that these distressed members of the euro will be forced either into default, or rather like Britain with the ERM in the early 1990s, out of the single currency altogether. Serious knock-on consequences for creditor economies would follow.

Yet to true believers in the doomsday scenario, even an outcome as extreme as this would not be the end of the crisis. Fiscal ruin is not confined to the southern European nations. The hors d'oeuvre consumed, it would be on to the main course – the default of one or more of the big, triple-A rated sovereigns. Financial and economic chaos would follow quickly in its wake.

There's a world of worry out there, fed by self-interested speculators, which is proving hard to counter. Yet things rarely work out as predicted, and though nobody should be in any doubt about the scale of the economic adjustment still to be made in Western economies, more benign outcomes are still possible. Bigger, advanced economies with their own currencies are better placed to manage their exits than the "pigs".

However, right now, both Washington and London seem gripped by the sort of political paralysis that can indeed prove lethal. We should not assume that the sudden loss of market confidence that has afflicted Greece – essentially a developing market economy that should never have been in the euro in the first place – will be confined to the "pigs". The burgeoning size of public indebtedness the world over makes all economies vulnerable.

Even so, this week's tremors should be seen as more of a warning than the beginning of a fatal endgame. The austerity of tighter fiscal and monetary conditions is coming to all of us. With or without the compliance of policy-makers, the markets will impose it. But it doesn't have to be a rout.



posted on Feb, 6 2010 @ 01:14 AM
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Ahem...

Can anyone say: "Plunge Protection Team"?



Got it 12 points over 10k .. you gotta admit, they got skillz.



posted on Feb, 6 2010 @ 04:49 AM
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reply to post by TheCoffinman
 



i kinda know what your implying but could you fill me in on it?

I confess I'm no expert on the 'how'. But another poster, stander, (who's doubtless sunning himself on some desert island) used to come in here at will early in the day & tell us what level the market would shoot up to come close. He was so reliable it became boring.


It was fairly obvious 10,000 would be 'defended' in order to maintain confidence that the market rally over recent months was more than just a suckers' rally - presuming the so-called Plunge Protection Team does indeed intervene. As I say, I'm not an expert; I (and many others) have just seen what appear to be predictable interventions on such numerous occasions that when Rockpuck & I called it early yesterday we just 'knew' it was going to happen.


So here it is, for what it's worth:

Stock Rally Owing to Plunge Protection Team Conspiracy?

Far-fetched? Try this for size:

"Bankster" Cabal Conspiracy Going Mainstream?

Just looking to stir the pot?

Latest on the Economy: Heading Up, or Head Fake?

...which ends:


Peter Schiff, an Austrian school economist and author, commented about the economic outlook expressed by President Obama in his State of the Union speech:

The President spoke optimistically about the future, but in reality there is little evidence to support such an upbeat outlook. He began his speech by assuring us that the worst of the storm had passed. General Custer may have said something similar when the first wave of Indian attacks ebbed at Little Big Horn.


I ask you: what other reality show offers this combination of drama, intrigue and apocalypse?



posted on Feb, 6 2010 @ 04:57 AM
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The only plan there is (like Dubai, ENRON, AIG, etc.) - is to tax people. That's why they "fail". It's planned and it's timed. And in present case of pigs-states, the plan is the same, only they don't have enough muscle left to enforce it. They've been doing the same too long. Therefore, the only way "out" is revolution, murder on a massive scale or "radical" political "reform". Revolutions don't change much essentially. It's more like shuffling the cards. The time when it becomes obvious that politicians are the expendables too, and people like Rothschild and the like, stay safe...

In history, church played the role of banks - remember the struggle for power during Henry VIII? He destroyed the church and created his own church (loyalty of clerics switched, that's all that happened). Those who didn't refocus their loyalty were exterminated. Templar order are even older example (religious bankers).

But this world is a true mess, "end of history" - all historical civics in a mixture. Today, WHO (World Health Organization) initiates socialist solution for Internet, par example: everyone should pay fixed tax for Internet (the opposite to what Murdoch proposed - paying a cent for each hit on the page). What kind of power WHO really has and struggles to acquire? They try to "simplify". And it is realistic...

So, everybody will, eventually, pay to bail out those who default...

Because - that is the plan.



posted on Feb, 6 2010 @ 05:03 AM
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To add:




Bank of America charged with fraud over Merrill purchase


www.guardian.co.uk...




The office of the New York attorney general, Andrew Cuomo, has charged Bank of America, its former chief executive Kenneth Lewis and ex-chief financial officer Joe Price with fraud for allegedly misleading shareholders over its acquisition of Merrill Lynch.






Cuomo alleged that later the defendants misled federal government in claiming a "surprise" increase in Merrill's losses would allow BoA to back out of the merger if it did not get massive taxpayer help.


(my emphasis)





BoA ultimately received $20bn (£12.7bn) of federal bailout money from the Troubled Asset Relief Program, which it has since repaid.



The Plan...



[edit on 6-2-2010 by DangerDeath]



posted on Feb, 7 2010 @ 08:56 AM
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Geithner...maybe you should stop smoking crack...

Geithner Says U.S. Will ‘Never’ Lose Its Aaa Debt Rating



Feb. 7 (Bloomberg) -- Treasury Secretary Timothy F. Geithner said the U.S. is in no danger of losing its Aaa debt rating even though the Obama administration has predicted a $1.6 trillion budget deficit in 2010.

“Absolutely not,” Geithner said, when asked in an ABC News interview broadcast today whether a downgrade is a concern. “That will never happen to this country.”

In the real world, it already happened.



posted on Feb, 7 2010 @ 02:08 PM
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reply to post by GreenBicMan
 


A few brokers are open and I am hearing quotes of 1.3714 already on the EUR/USD - if this continues it may be a big day for that pair as well as US Markets on Monday (to the upside)



posted on Feb, 8 2010 @ 04:42 AM
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GBM any bullish on equities has gotta to take a pause ......and look at the fragile level of the euro:yen cross

beware of the euro: yen cross breaking down more anything below 120 and the equity markets will say look out below........it's a measure of global risk appetite

watch the cross.



posted on Feb, 8 2010 @ 09:09 AM
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Still some pressure on the EU...

Russia 1377.84 -33.30 -2.36% 17:57
Turkey 49746.95 -1707.94 -3.32% 16:57
Greece 1808.01 -70.90 -3.77% 16:41

United States 9963.11 -49.12 -0.49% 09:59
S&P 500 1062.18 -4.01 -0.38% 09:58



posted on Feb, 8 2010 @ 09:31 AM
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www.reuters.com...

Unions threaten more strikes against Greek govt

Greek civil servants warned on Monday they could call more strikes if the Socialist government unveils tough austerity measures to cut its deficit and ballooning public debt.

The ADEDY public sector union already plans a 24-hour strike on Wednesday

ADEDY said it would decide on Thursday after the government makes public the bills whether to call another strike in early March or join one on Feb. 24 by the GSEE private sector union. Together the two group half Greece's 5 million workers.


Dow is currently down -39.45 andthe graph looks like a 2 year ld's drawing this morning



posted on Feb, 8 2010 @ 10:35 AM
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reply to post by cpdaman
 


EU is overstated big time

Time for mutual funds to bail me out and make eur sky rocket..

just biding my time lol

----

still waiting.....



posted on Feb, 8 2010 @ 10:42 AM
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reply to post by cpdaman
 


Also I have given up trying to figure out YEN. So much going on with that, if you are not a pro and on top of it I'm not sure how you figure it out.

I do have some sell limit orders in place actually for usd/jpy at 89.70

I also added to my positions last night with going back and shorting

aud/usd

nzd/usd

was down big at first with both of those then they picked back up

still waiting on gbp/jpy to take off to the positive side, these two purchase (shorts) are basically hedging my risk with gbp/jpy as they both move opposite most of the time with each having about half volatility

actually making a pretty good stake in eur/usd though while the market isn't doing exactly what I thought yet

I thought we would be up about 200 pts this morning



posted on Feb, 8 2010 @ 03:03 PM
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That was dissapointing at the end today. Not what I thought would happen.

Although for some reason I ended up pretty good, primarily because I hedged out my positions with NZD/USD - that got totally hammered, luckily I was on the right side of that.

Still EUR/USD I am still in the money 10 pips so that really didn't react with the market.

I think I am going to continue to hold on to my long positions in the EUR with

1) EUR/AUD

2) EUR/USD

until we hear something that is going to confirm the new trend. I think the rebound is still in place. Shorting would be too easy right now.

Dumped my NZD and AUD i think the turnaround is happening now

Also thought actually about adding to my EUR/USD - but havent yet - Trichet is speaking now and EUR is going up wildly against a few things - will see how this plays out

[edit on 8-2-2010 by GreenBicMan]



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