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Currencies on the Stolen Map
Tue, Oct 7 2008, 05:34 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
354pips GBPJPY Mission Accomplished
A. (07 October Europe) Latest Impact: Currencies on the stolen map
Lots of thefts in the markets…There is no fundamental or technical picture that gives an allowance for a currency to move at least 800pips per 30mn. Even a crash should be halt, exactly as they did in 11Sep; yet, the critical time is in very bad shape and goes beyond anyone’s guessing.
What is going on with the currencies move and of yesterday had never happened before. The markets never experienced 800pips move on 30mn chart just under one bar, not even when 11 Sep occurred. These moves denounce the Rescue Plan of $700billion as a savior and we should expect financial global disintegration to worsen further where all countries would back up their banks before a major fall-out occur.
The worldwide crisis is indeed deep and solutions are not presented yet. The Federal Reserve took another giant step into Weimar Germany-style hyperinflation today, increasing to $900 billion the lending limit, and deciding to begin paying banks interest on their reserves this month. These moves represent the total failure of the various bailout plans to halt the collapse of the banking system, and accelerate the hyperinflation which is already under way.
Europe banking system turn for a collapse is under way and fear of global recession would drag down commodities.
B. Signal
GBPJPY: Long 17800; TP 100pips
Limit Order Valid till 08 October
C. Mission Accomplished:
The position of Long @ 17520 closed at 18124 for 604pips profit.
The position that was long at 18150, hedged at 17900, closed at 18124 for 250pips loss
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Tue, Oct 7 2008, 05:35 GMT
Archive
- USDNOK Rectangle!
Published On Tue, Nov 24 2009, 08:07 GMT - 20pips GBPCHF Mission Accomplished
Published On Mon, Nov 23 2009, 08:01 GMT - GBPUSD: Will Bear Start Controlling?
Published On Fri, Nov 20 2009, 07:24 GMT - USDJPY, Where Next?
Published On Tue, Nov 17 2009, 08:23 GMT - The pound and its 16490
Published On Thu, Nov 12 2009, 05:28 GMT
ForexSurvivor
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Legal disclaimer and risk disclosure
The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. **** Risk: ForexSurvivor issues its ‘1 minute with ForexSurvivor’ program for information purposes only. The information contained is not reviewed in the light of your personal circumstances, should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. ForexSurvivor Team makes no guarantees, representations or warranties and accepts no responsibility or liability as to its accuracy or completeness.Related reports
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