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Exodus replied Sep 16, 2012Up and down again this last week, but a bit more up than down. My long AudUsd position finally came back to profit, so I closed it for 50 pips - what an idiot!
(binned per thread starter's request) The big... IF
- Exodus replied Sep 16, 2012
...manual traders — Here's a setup from Wednesday last. I have noticed a few times that a breakout which returns to bounce off the top of the CZ gives a good indication that the trade will go at least 30 pips.
Extracted Thread (per thread starter's request)
- Exodus commented Sep 16, 2012
Lets wait to see what the political fallout is. That aside it appears that Loadedgun was absolutely right about 1.28/30. We await new horrors from Europe to drive it down again.
Investors and economists agree: No QE3
- Exodus commented Sep 16, 2012
It is like being addicted to smoking, once you start it is very difficult to stop. The issuing of government bonds, and any other money-fabricating process, is intended to provide a standard of living for the masses; and it has done this. The ...
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus commented Sep 14, 2012
I am merely stating that the BS is necessary, and that it cannot be used on it own. As you say, we have seen the result of BS-only attempts at controlling the market. If the Fed simply bought MBS and said nothing then the result would be different. ...
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus replied Sep 14, 2012
the fallibility of EAs — Larry, and others, I read all the way down to post #3470 before making this post. You have encountered yet again (meaning several others also before you) the simple fact that EAs are dumb and usually not capable of ...
Extracted Thread (per thread starter's request)
- Exodus commented Sep 14, 2012
Two of the things which drive our world are hard objects and virtual objects. The hard objects are used to measure progress and the current state of improvement or decline. The virtual objects are things like propaganda and confidence. Confidence ...
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus replied Sep 13, 2012
Thank you FOMC — Yee-ay! just made 1.1% in 5 minutes. I just wish I could do as well when the markets are not bouncing around like a pair of cats having a fight. 2 winning trades open for 20 seconds and 30 seconds, one losing trade open for ...
(binned per thread starter's request) The big... IF
- Exodus commented Sep 13, 2012
yeah possibly, but this time they are not buying bonds they are buying "mortgaged backed securities". Mebbe the result will be better than before.
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus commented Sep 13, 2012
No it isn't QE, otherwise Mr.Obama would have fired him/them already. It is purchasing of CDOs thereby freeing up the money so that it can be lent to new borrowers, hopefully stimulating the construction industry. ( = job creation)
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus commented Sep 13, 2012
.....Iceland ! seems you have a buyer for all that trash.
Fed Plans to Buy $40 Billion in Mortgage Securities a Month
- Exodus commented Sep 13, 2012
...actually it is the Torygraph. Notice how there was no mention of Gordon Brown, even though he stood idly by and watched the banking system hang itself; and the pro-European prime minister was indicated by reference - not by name.
The euro's demise may be the final chapter of the ERM debacle
- Exodus commented Sep 13, 2012
When you have the odd day to spare, read here..... url
German Court Approves Ratification of Bailout Fund
- Exodus commented Sep 12, 2012
Why do these people ignore the impending presidential election, and the fact that ordinary people see no benefit from QE? If they put the money into direct economy stimulus it would be worth something. Also the housing market is starting to pick up, ...
Fed Seen Starting QE3 While Extending Rate Pledge to 2015
- Exodus commented Sep 12, 2012
Actually they said that the ECB/ESM can only spend 190B of Germany's money, more German funds require approval from the German govt.
German court allows ESM ratification with conditions
- Exodus commented Sep 12, 2012
Rabobank issued a note saying this is risk-positive.
German Court Approves Ratification of Bailout Fund
- Exodus commented Sep 12, 2012
...the truth is out. Limited support from Germany.
Court: Germany must ensure ESM liability does not exceed EUR 190 BN without lower house...
- Exodus commented Sep 11, 2012
Well, that sounds like things will continue as they are until something causes the Bank to reconsider....
Miles: Winding and unwinding extraordinary monetary policy
- Exodus commented Sep 11, 2012
...unlikely, but trade what you see. Past QE has flooded dollars onto the asset markets of places like South America causing those currencies to strengthen and the USD to weaken (= Euro up). Conversely no QE strengthens the dollar (= Euro down).
Why QE3 Will Not Happen