Agreed; so far the CB's have managed pretty well in controlling the fall, but it's early days yet. I just hope they don't go too far the other way & actually start propping the markets up.

330 pips in 4HR! what happened??

I wouldn't worry about a Great Bepression just yet, this is just a bad case of the blues, so no reason to call in the Fed's Prozac. It's not as bad as even the burp on Feb 27th (stockwise), and not even close to '87. and shoot, the Dow is still up ...

Are Central Banks driving the World Economy into recession?

It's still not too bad, the Dow's is still up on the week, and it's only down 5% from it's peak....We may be in to a long decline though.

330 pips in 4HR! what happened??

No, it's just very short term repo's (loans against collateral, very much like a pawnshop where you are obliged to buy back your goods).

Are Central Banks driving the World Economy into recession?

No, it's idiot consumers and lazy investors who seem to believe that low rates could last forever, or that the rest of the world would be happy to work forever at really low pay to provide the West with creature comforts. So sorry, no sympathy ...

Are Central Banks driving the World Economy into recession?

I assume you are talking about Eur/JPY or some other Eur pair? If so, it was hedg fund troubles, same old story. Keep an eye on JPY crosses, since Japan has pretty weak banking, and sooner or later they will probably get nailed as well. As for ...

330 pips in 4HR! what happened??

For the edification of readers, from the Federal Reserve Board: Link: url What Can the Data Tell Us about Carry Trades in Japanese Yen? abstract: This paper examines the available data that may shed light on the carry trade in Japanese yen. We ...

Is This The End of the Yen Carry Trade?

Way too much adrenaline for my tastes... I find it best to start looking at markets a few hours before a major news event - especially oversold or overbought markets, even better if the recent trend is counter to major trends - and wait for a ...

How do you trade news?

Bemac & other Canadians - Did you notice a certain similarity between him and Don Cherry? I guess only their tailor knows for sure....(Though I do prefer Cramer's choice of sidekick/co-host...)

Cramer Goes Crazy

I think everyone new to the markets should be required to watch this (as well as those of us who have been around awhile). It's a great reminder of the fate that awaits those who: 1) Don't use proper money management 2) Don't use common sense 3) ...

Cramer Goes Crazy

Good approach. 2 comments: 1)If have have this right, you are estimating total pip movement (in math terms the total variation) of a longer time set (like dailies) using shorter time sets (like minutes), by approximating the actual tick movements ...

Killer 'B' System Q & A

Nice graphic. Interesting that what is going on now is that all three "potential problems" listed across the bottom are no longer potential, they're real.

Subprime Worries

miketoll; I think he's saying trust your experience, not your hopes. Know your own weknesses, which are an important part of trading. (though these apocryphal stories can be interpreted in many ways....)

How long to hold on to a position

Think that may have been a smart move with USD/JPY still technically in a down trend.

USD/JPY Discussion

You're welcome Islander. Though I don't have stats to back it up, I think you may find it pretty common on USD/CAD (failed) retracements on long term charts. (the 23.6, that is.)

Daily GBP/JPY analysis

76.4 is also a fib ratio (in fact there are lots of others). Just as the first fib ratio is the limit of the ratios of the next to last number in the sequence to the last number, you can form the limit of the 2nd to last to the last and look at the ...

Daily GBP/JPY analysis

A price range on a chart that has been jumped over. Usually you only see these (in FX) on the difference between Friday's close and Monday's open, though occasionally right after big unexpected news, on shorter time frames, depending on the time of ...

Cable Update (GBPUSD)

Just to follow up, here are links to two yahoo chart views of GXC, FTI (China based ETF's), the Shanghai, and the Dow. In the first, which is plotted to relative values re. 3 months ago, you can see how the ETF's took off vs both the Shanghai and ...

Chinese stock market-anyone doing it?

Plz don't turn this into something as useless as the cable thread. Thx.

USD/JPY Discussion

I tend to agree, but would set stops much lower (cf the ST trendline on the attached chart)

EURUSD