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    Crisis problem focus: US national debt - trigger was credit bubble

    The US is waiting for the commitment of large sums from other countries - and racketing up the rhetoric. Then they are resisting any change to the international system... nice!
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    Ivan's Trade Thread, part II

    Re-entry at 136.46 EURJPY .. but it must hold .. have -25 stop for now. Target around the 137.40 now ... It's moving and stop moved to -10 pips. Rats... stopped out. :) I think the trade is there --- but I have to watch a little - get a good entry. This is the witching hour - towards...
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    Ivan's Trade Thread, part II

    Bottom fishing .. risky business ... long EURJPY 136.70 ... looking for up towards 137.60 ... babysitting stop again. Watching EURUSD and USDJPY closely for clues. It auto-terminated at -25pips, I didn't change the stop I had from the entry - but that's ok - the entry sucked, and I knew it...
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    the "irony guy" returns....

    The US campaign financing and the two-party system in the US are beyond corrupt...
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    Ivan's Trade Thread, part II

    Repatriation effects are continuously into play here .. but in roughly 90-120 minutes I will see if there isn't a good USDJPY short, or a good EURJPY long setup again. The US RTH close will probably be directionless like the other days, but volatile as the settlement effects enter. I would...
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    the "irony guy" returns....

    Gold is not the only worthwhile commodity - and it is silly to put all the stakes into one bet like that. A basket of commodities is much more sane - and weighting can be adjusted as well - i.e reality can be reflected much better. I've never seen anything remotely racist coming from Ron...
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    Ivan's Trade Thread, part II

    closed EURJPY at 137.56 for +45pips and EURUSD at 1.3537 for +10pips ... tired of waiting. :) ... and 2-3 minutes later it looks more dicey. When EURJPY couldn't go through 137.60 and hold it ... as well as USDJPY beginning to falter - I felt it was time to cut the scalps. Pretty good exits...
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    Ivan's Trade Thread, part II

    long EURUSD 1.3527 target 1.3567 or around there .. also babysitting stop.
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    Ivan's Trade Thread, part II

    long EURJPY 137.11 target 137.77 .. stop tight babysitting.
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    Ivan's Trade Thread, part II

    At the top of the hour or from now on and the next 2-3 hours, there will probably be a somewhat stronger trend on USDJPY and possibly EURUSD - that they break out of their ranges. I don't think multi-day ranges will break, but just some stronger moves - attempts at direction.
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    Crisis problem focus: US national debt - trigger was credit bubble

    Another thing that is very characteristic is how transparent the measures in Europe are - while in the US they keep their cards very guarded it seems. Just now, there are full estimates of how and how much the further restructuring will be done and the cost in Europe over the next year. The...
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    Ivan's Trade Thread, part II

    For scalping it is really safer to keep to that single opportunity - as longer prediction is more difficult. Detailed targets or patterns are very difficult for longer term - that is just the nature of prediction.
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    Ivan's Trade Thread, part II

    If >137.80 EURJP , >101.40 USDJPY and >1.13605 EURUSD all holds forward .. then 139 is no problem. But if 139 is your target - then sell below it ... 138.85 or something, unless the momentum is great. Real resistance may be a bit above 139 though. You'll see when/if you get there. :) 16:53...
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    Ivan's Trade Thread, part II

    I see the move upwards, but the scalp is ok ... for +43 pips. It was a bit hard-fought to get through those levels - and there was obviously some cap on the EURJPY .. but then JPY tanked and EUR got a boost as well, passing on the EURUSD. That means that the focus was on the EURJPY, with USDJPY...
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    Ivan's Trade Thread, part II

    It hasn't been able to stay above 1.3600 but I'm stubborn so far... davidmaria1, I think it was more that you came in late and they ran stops a little. It is a little choppy still. If it establishes above 1.3600 I will move my stop up. Would like to see >137.80 EURJP , >101.40 USDJPY...
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    Ivan's Trade Thread, part II

    long EURUSD 1.3582 - target 1.3657 stop 1.3542
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    Offshore & Tax

    The US IRS is one of the strictest tax regimes to get out of...
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    Bush Corruption part 839,322,490,321 1/2

    Putting the very people in power who have some of the largest private interests... is simply a bad idea. :)
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    Europe Push for Global Banking Rules Will Meet U.S. Resistance

    Several things in that article... Expansion of G7 - maybe just having the G20 - makes sense. IMF centralized banking regulations... difficult issue. There needs to be some provisions for how to do revising of the new standards, regulations - they must be seen as improving trust, security...
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    Offshore & Tax

    I did a project on coordinating inter-departmental cooperation for detecting money laundering - including my home country central bank, police, taxation department, customs etc - it was back in 1995 after a EU legislation framework came into action. (Directive after the 1995 Convention on the...
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