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No, he's obviously pretty bad. But most of the problems we're facing today aren't really his fault. They're all issues that were inherited from Bush, including the budget deficits. The bad thing is that he hasn't done anything to fix them.

The thing I don't like about currency trading is that it only takes a central bank one decision to manipulate their currency and it flies in one direction immediately. I was looking over Yen charts for the past few years and their are times where the BOJ decides to just print like $100B out...

The entire WSJ commentary section.. and I'm not a 'liberal' wtf are you talking about. Even if I was, what would it matter?

LOL at all those conspiracy theorist nutbags posting on the WSJ about Obama delaying the numbers for political purposes. I actually live on the east coast and EVERYTHING is shut down. They can't get the report out if no one is in the office. If people were going to the office during the...

You're you -- you don't have to be 'we'.

People think ideology is worth dying for; a dead man has no ideals. Why not just move then to wherever your ideals are the most active? EG -- USA turns communist.. move to Hong Kong. USA decides to involve itself in WW3 -- move to a neutral country. There's never a need to die! It's a...

Don't use market orders :D

BUY 85.57 2:03 PM I got a terrible fill on this. As soon as I clicked send, the price jumped 10 cents =\ Anyways, my reasoning on this is that I saw volume pick up on the up candles, and so I think we're going to break through the 85.4 range (where I wanted to get filled at!)

Price has been ranging aroung 85.3 after that huge drop. 85.3-85.4 is the one place in the drop where there was resistance. If we can get some momentum here, there might be a swing back up? If not though, I think we'll just see oscillations from 85.3 to maybe 84.8 for the rest of the day...

Interesting, mind explaining some of your reasoning process here? I can't imagine why you'd want to get in short after that huge drop unless you were just looking for a scalp or something.

I don't think this is right. The money has to be introduced somewhere into the economy. Wherever it does, those prices go up first. That causes incorrect price discovery between assets that get the new money flowing into them first vs those that get it later. That causes malinvestment into...

You know how algos can buy at subpennies right now? What if they end up putting everything back on 1/8 and the algos can do 1/16? There's enough money in HFT that I could see it happening..

So the fed previously bought a lot of stuff like MBS. They printed cash to buy those and remove the MBS from the market. I think the Fed thinks that they can sell stuff of their balance sheet to buy the dollars back before inflation kicks in. So, they're probably waiting for the velocity of...

Yeah that drop ended about 10 minutes after 12. I think you're right. I'm looking at 1 minute charts to wait for the buying momentum to kick back in and ride it back up. edit: holy shit it broke 85 and is still dropping. I don't think is just people going flat. my system said to stay in...

can't edit this anymore; COVER 85.38 12:17 +.53 Since it's in the daily low range now, I'm waiting for some support to kick in and send this back upwards. So I'm looking for some buy signals

Hmm interesting. Anyone know about this? I'm trading momentum, so I'm in for the down swing right now, not knowing why it's happening. There was a lot of buying earlier -- so maybe people are selling off their buys to get flat?

I have the day at home for the hurricane on the East Coat!! So I get to trade today. BUY 85.75 8:17 AM SELL 86.2 9:20 AM + .45 BUY 86.03 10:02 AM SELL 85.92 10:21 AM - .11 SHORT 85.91 11:22 AM Waiting to cover this for a profit! edit: looks like it's breaking through 85.8 for...

Well in a free market, interest would be wayyy up. not 0! question -- we know the debt won't be significantly paid off for the next decade. what happens to the deficit each year when rates finally do go up? with current spending, it could hit like 3T/ year.. + the interest amount on the...

What everyone is missing here is that prices are set by supply-demand. If you have 1,000,000 cans of caviar and I have a pencil, and nothing else exists, -- I'll trade you a pencil for 500,000 cans of caviar. And you'll do it -- why? Supply-demand. Prices change. What goods/ services...

And it's ranging with 82.6 as the absolute bottom support here