Search
Spot Forex Trades
0
0
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
- Interest Rate Cuts With No Support
Published On Mon, Dec 1 2008, 16:14 GMT - The Outrageousness
Published On Wed, Nov 26 2008, 05:49 GMT - 20pips GBPJPY Mission Accomplished
Published On Tue, Nov 25 2008, 05:01 GMT - Retrace The Stimulus Packages
Published On Tue, Nov 25 2008, 00:42 GMT - The week in few words
Published On Fri, Nov 21 2008, 18:28 GMT
ForexSurvivor
| 1860 Rue Robinson, BLDG 108 Laval, PQ H7T 1L6, Canada
http://www.forexsurvivor.com | support@forexsurvivor.com
Related reports
Insights Market Outlook - Monetizing the Debt by Merk Hard Currency Fund
Tue, Dec 2 2008, 13:39 GMT
Today's Technical Trading Points - Monthly Performance - November 2008 by Danske Bank A/S
Tue, Dec 2 2008, 11:01 GMT
USA: NBER Recession Call by Wachovia
Tue, Dec 2 2008, 10:54 GMT
Daily Forex News - Forex - Higher yielding currencies sink on expectation Central banks rate cuts by ACM - Advanced Currency Markets
Tue, Dec 2 2008, 10:27 GMT
Economic Commentary - Bailout-a-Go-Go by Euro Pacific Capital, Inc.
Tue, Dec 2 2008, 10:21 GMT
Related content
Iceland moves to help businesses, eyes debt deals
Thomson Financial News | Tue, Dec 2 2008, 17:10 GMT
SNAPSHOT - Financial Crisis - 1650 GMT
Thomson Financial News | Tue, Dec 2 2008, 17:06 GMT
ECOFIN: Italy Min:Ability To Stimulate Econ Limited By Debt
Dow Jones | Tue, Dec 2 2008, 16:25 GMT
W.House: Automakers must prove viability for aid
Thomson Financial News | Tue, Dec 2 2008, 16:22 GMT
BRIEF-U.S. lawmaker says Congress can't let automakers fail
Thomson Financial News | Tue, Dec 2 2008, 16:17 GMT
Interested in forex trading? forex brokerage firms!
FXstreet.com will give you a 3 months membership as soon as minimum rebates have been generated (€150 for private trader/ €300 for corporate trader)
[Read Premium full description]
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2008 "FXstreet.com. The Forex Market" All Rights Reserved.