In-fscking-credible. url "Societe Generale SA said unauthorized bets on stock index futures by an unidentified employee caused a 4.9 billion-euro ($7.2 billion) trading loss, the largest in banking history." I repeat: In-fscking-credible. Just ...

Wall Street close watch

Si, va bene! This is why I will look for more short entries a bit higher to fall down again from eventually Might take a while though. Double bottom breakdown will make a nice place for addons later then..

Lets Talk GBP/JPY "the geppy"

Here, here, me me...I'm also amazed the real S&P and DJI put in new lows/retested the low whereas the futures did not...what's that about? Are my feeds off? And it was VERY and I mean VERY suspicious to see first a rather enthusiastic move down to ...

Wall Street close watch

I think one also should be aware that the USDCHF just like the USDJPY is also used for the carry trade, and if the whole market is unwinding carry trades, like on the EURCHF(have you SEEN that chart!), then USDCHF will be hit and influenced as well. ...

james16 Chart Thread

Ah, but I have a really great conspiracy theory for this! See, Trichet knows that if he does nothing that the stock markets will fall, BUT! he also knows that the euro/yen will go to hell, in turn, with its fierce demise, possibly also breaking down ...

Wall Street close watch

I just want to say I am proud to be in the one zone where the guy running the CB actually caters to sense instead of stock market demand Damn straight. Someone tell Ben! Btw, this is not new or "going hawkish". This guy has been the real deal ...

Wall Street close watch

Look no further than Bloomberg for a good laugh in the morning. Edit/Update: LOL by the time I copied the headline(I swear it was a direct copy&paste) it now reads stocks FALL. Bloomberg invents repainting headlines indicator!

Wall Street close watch

That's why the quoted post is already gone again I can't put money on the indices, simply because I don't have that option broker wise...else I would have probably taken a gander at, er, let me check..13470-13600 area for a short and held. ...

Wall Street close watch

It's going sideways. Look at where the ask/bid line is and where all the prior highs are..ew, messy. You want to buy/sell into empty space preferably, not into clogged areas..yesterday's IB got double-faked as price first appeared to lose 0.7420, ...

james16 Chart Thread

..and futures are red again. Well well. Today will be one heck of a mess

Wall Street close watch

.75 emergency cut intervention, nuclear holocaust on carry trades and exotics, gold, majors / USD... 300 pip futures spike, half of it faded so far...question is how the dust will settle..

Wall Street close watch

I still can't believe some people not only trade without stop losses, but also advocate and encourage it as well. (People that know how to hedge so that they can counter-trade with profit are excluded from this statement) Same goes for money ...

Wall Street close watch

From url PHEW, huh! ;P That was a short recession! Over before it began! Or maybe he meant crash landing? I wonder how much these people get paid to both say and report this ;p Opinions anyone? (I am b-o-r-e-d and this was just too great in ...

Wall Street close watch

I roughly have 200 and 190 / am aiming for those areas, yes Let me see if it was also drawn into the posted charts.. Why yes, there we go, just a few posts higher at url It clearly marks out both that 200 and 190 area There you go. It may ...

Lets Talk GBP/JPY "the geppy"

IMHO they come more often than one may think(daily and weekly trades); but I believe the trick is that one entry can last for several weeks and then becomes many many sub-trades(addons, etc). This is all stuff I will go into more detail on in my ...

james16 Chart Thread

If there's only currency left at some point and nothing to trade it against, then there'll still be commodities that fluctuate in price.. There are always going to be things going up and down on a chart as long as there is capitalism in some shape ...

How to be a trader for a company?

Hiya Can't give any trade advice...this is simply what I see on my chart: It looks like if it were to move, it has room to 0.7250 before the first "tops" come in again / past that area and it's 0.7050 going by weekly. Seems like a valid BEOB bar ...

james16 Chart Thread

Since the DAX has just chunked out 350 points since opening(less than 6 hours) and has dived over 1000 points since New Year, I thought an update to my by now ancient(around end of August 2007) S&P futures target ideas might be alright in the same ...

james16 Chart Thread

Just a reminder as to why there is NOTHING WRONG WITH HIGH TIMEFRAMES. I know wizard loves the 1h and Swami just hinted at 15m and Bundy chimed in, BUT, especially if you are beginning, you want to give yourself the time to actually lose errrr build ...

james16 Chart Thread