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- cloggie replied Sep 16, 2011
"unity of purpose" is becoming Tricky's favourite keyword as of late.
The Really Useless Thread
- cloggie replied Sep 16, 2011
Juncker just said they all signed EFSF agreement, what happened to Austria and Finland? Have the Greeks signed over some more statues???? Ah well, let's see how we get on at 3850.
The Really Useless Thread
- cloggie replied Sep 16, 2011
Congratulating Ireland and Portugal, yahdeeyahdeeyah..... Give us the word on Greece.
The Really Useless Thread
- cloggie replied Sep 16, 2011
Yup, took 30-ish out of the biatch on that one.
The Really Useless Thread
- cloggie replied Sep 16, 2011
Trading like that would drive me nuts. I like to build positions and hold them. A scalp for me is anything under 30-45 mins.
The Really Useless Thread
- cloggie replied Sep 16, 2011
BBC here just reported that the UBS trader himself reported the trade feckup to UBS and it wasn't the risk department who caught him.
The Really Useless Thread
- cloggie replied Sep 16, 2011
That's one way of dealing with your problems, just focus the media on the other guy....
The Really Useless Thread
- cloggie replied Sep 16, 2011
Knowing where the major levels are keeps you out of longer term trades, you know when to scalp them, you know when to hold them. I am just seeing if I am going back to BTFD mode here or switch sides to STFR mode.
The Really Useless Thread
- cloggie replied Sep 16, 2011
IT is risk off Friday too, we had a good run this week, time to cover some for the big boys.
The Really Useless Thread
- cloggie replied Sep 16, 2011
That's why I am here shooting the breeze, covered all at my number watching to see what is shaking. You are right though, never ever trow away a number, the feckers keep coming back, price can't help itself. Nothing random about the markets.
The Really Useless Thread
- cloggie replied Sep 16, 2011
They were too worried about the dress code to keep an eye on the traders. Delta desk was always fairly independent though, not sure if it got restructured after the Swiss bailed them out. Lost touch with most of them.
The Really Useless Thread
- cloggie replied Sep 16, 2011
I for one am surprised by the lack of risk control at UBS though, not surprised it happened at Delta, they have gotten themselves in plenty of holes before. Some rumours flying around that the Swiss government has had enough, they own UBS after all ...
The Really Useless Thread
- cloggie replied Sep 16, 2011
It shows once more to never ever add to a loser. The muppets try it every day thinking they can reinvent the wheel. LEt's not get started about nedging the same instruments....
The Really Useless Thread