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" International organized crime is defined as those self-perpetuating associations of individuals who operate internationally for the purpose of obtaining power, influence, monetary, and commercial gains, wholly or in part by illegal means, while protecting their activities through a pattern of...

We haven't seen significant pain in the EZ yet. I would've guessed that anything above 1.5 would be cause enough for an old fashioned European revolution, but this silence is just scary. In fact, this is the same silence as in the US about the falling dollar. I would have guessed that the 1.5...

If that's true, they sure covered all those shorts pretty fast too. Right now 1.6 is here to stay. There is simply no convincing price action to the contrary. Definitely not the gigantic fall that everybody expects. I guess we'll see in a couple of days, but my guess is on to the next barrier...

I'd use very tight stops if I were you. In fact, I would use stops so tight that those would be below my target price. :)

Yawn. Nothing interesting or novel here. This worths pondering however: CBs have been divesting their gold stock very actively in the past decade or two. Who is buying? If its JPM/GS and their type then I would think about the possibility of returning to the gold standard. For that we...

Every trading application should start up with a splash screen: I would never die for my beliefs because I might be wrong. -- Bertrand Russell

Boy, talk about fanaticism. As I lived in the "existing socialism" as they liked to call their version of hell, I can tell you with authority: you wouldn't be able to tell a commie if it would bite you in the ass. And the euro as a socialist tool for world hegemony? This is priceless. :D

LOL. All those who have no wealth. The sheeple on the street who mistake a one time retail price increase to run-away inflation. NB the ECB didn't raise retail prices. Retailers did.

"Looks like it's going to the moon. All depends on Trichet. If he keeps mentioning strong viligance to price stability, it's all over. 1.60, then 1.65, then 1.70. It aint gonna stop." in the "New All-time High Eur/usd" thread. Cf.: "No way. I think this is going to hit 1.60 and then come down...

Are you familiar with the concept of cleaning? :p

Can we assume from this that your assessment of Trichet's future actions has changed in the past 6 days?

That's true, but MT4 does have it, whereas others' are still to be proved. I like to use a platform that's not proved to be using despicable methods. I heard a lot of rap about Oanda for example, but nobody could ever prove anything, so they still have my benefit of the doubt.

People say stay away from MT4 brokers because MT4 has built-in front running, manual execution, price adjustment capabilities. Check out MT4's "Virtual Dealer" plug-in. Do a search on this board. You should think about what you read. BTW if you need more charting capabilities than what the...

starting stone

I wonder where they put the money? Credit Suisse? :p

I do think (and see) that smart money stops the buying before Trichet speaks, holds positions (definitely not closing or shorting), and when Trichet confirms no rate cuts, resumes buying. But when smart money stops buying euro then some cowboy traders from the other sides of the pond...

Oh, and thanks for the link, def. will check it out.

Of course the strong euro causes pain for some Europeans; transatlantic trade is the biggest in the world. But most of the EU is fine. In general the weak dollar causes more problems in the US than in the EU. Compare charts of equities (in same currencies). EZ is fine, US is not. When Trichet...

You're calling a reversal of a 6 year trend and when there's a 100 pip retrace you claim victory? This kind of confidence can kill your account. :p

You have to realize that this is a game of chicken. Its been started by the Fed, mind you. And there is no underlying fundamental reason why Trichet should submit to all those inflationary pressures that are generated by dollar printing. Its just something that our American friends have to eat...