Nine Euro Nations’ Ratings Cut, Seven Affirmed by S&P

[SantaClaus]

Pre-market? Is this actual values that would indicate the opening behaviour?

Edit : While I appreciate the warning, I am also interested in picking your brains as to how to profit from this situation. Do you think you could cut out the lofty sneering bit and come up with some alternatives? Short pos on the euro are at record high, I'm thinking of doing the same, so how does this make me mincemeat exactly? So long as I deposit enough cash to sit out the swings the net trend should be down, in theory, right?

You need to spend 1000's of hours of screen time to trade this market. It's not like switching from say C++ to Java. It's an entirely new career that demands time, effort and study.

Trading with the fundamentals is definitely not the way to go, nor is following the sheep who are all net short. They will get slaughtered.

The market is technical and 100% manipulated. Look at a chart and see how many times a low or high was spiked out, only for price to promptly turn the other way against the "trend".

Once you realise this and trade with the market maker's stop-hunts, you are halfway there.

[Freamon]

Over the shorter time horizons, the market is technical and 100% manipulated. Look at a chart and see how many times a low or high was spiked out, only for price to promptly turn the other way against the "trend".

Small amendment made above.

[Freamon]

There is a pre-market that starts on sunday evening around 6pm.

Anything going on?

[suityou01]

Anything going on?

Euro falls to an 11 year low against the Yen. I don't know how I saw that coming without years of training, complicated software and plenty of research.

In other news suity predicts a run on the French banks, BNP Paribas and Soc Gen this morning

[BlasterBates]

The crash seems to be a bit of a damp squib, in fact the Euro is up on the pound.

[suityou01]

The crash seems to be a bit of a damp squib, in fact the Euro is up on the pound.

Yep. Moody's also upholding France's AAA rating.

[OwlHoot]

Yep. Moody's also upholding France's AAA rating.

Spoilsports!

[SantaClaus]

US holiday....

favourite sport on a holiday is hours of consolidation followed by a stophunt or short squeeze.

[AtW]

US holiday.... favourite sport on a holiday is hours of consolidation followed by a stophunt or short squeeze.

Do you speak English?!?!

[eek]

Do you speak English?!?!

Its not english but its correct. Today is a US bank holiday so nothing much is happening.