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"Due To The Extreme Volatility Some Market Analysts Foresee..."
Helmet time.
From Oanda
Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.
Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.
If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions.
Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.
OANDA apologizes for any inconvenience this may cause.
For more information, please contact a Customer Service representative.
Best regards,
The OANDA team
What do you get when you mix counterparty and agency risk, and throw in some currency collapse fear for good measure? This.
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I'm new to FAZ but wouldn't FAZ be good for the crash and FAS be good for the print?
Good eye. You are right. Im VXX FAZ TZA and SMDD now. UPRO FAS PPLT and SLV for the print. Also looking at DEL2 if DAX below 5k and EUR parity.
Fuck paper.
Excellent choice. If you can call the bottom correctly you're set. Good luck with that.
Apply the 80/20 rule and you'll be sure to make some profits. NOBODY can time the markets, except JP Morgan.
Based on the trade they are stuck in it seems the morgue is having a tougher go with timing the markets.
I did ...
dow price prediction ivars zerohedge and tfmetals, adjusted by goldpricemodel
2012 apr 25 gold 277 week ROC -goldpricemodel
*new update*
2012 06 18 277week roc 01 goldpricemodel 2011 May to 2012 Dec 28
2012 06 18 277week roc 02 goldpricemodel 2011 Jan to 2012 Dec 28
2012 06 18 277week roc 03 goldpricemodel near-term price zoom in
2012 06 18 277week roc 04 goldpricemodel trend-channel without prices
Honestly, I'm not stacking anymore into the weekend. I'll close everything out, stay cash, maybe long a bag of weed. Check out for the weekend and look for bodies monday morning.
Which market? FX markets are 24/7 interbank markets. They never close.
Of things to come!
Fuck that, I'll have another heart attack. - G. Carlin
yeah, G. Carlin had some insights, loved Sam Kenison's slap schtick
It's not dead...it's restin'!
http://www.youtube.com/watch?v=4vuW6tQ0218
My question is, if you are on the right side of this currency trade when things go tits-up, will you be able to liquidate your account?...If it is not in my physical possession I am very skeptical of redeeming the value of what I 'own', a la the Corzine effect.
Bullish!
If you're a huge Wall Street bank it sure is. This is pure mayhem coming out of Europe. Money will now move from Switzerland and Germany to New York. Given the oddity of "all things Government finance" that still means "project War Machine" keeps moving forward. Scary!
Already happening. We need a graph of UST 10 yr vs Bund. Spread is collapsing. Down 10bps (50%) today alone.
Yes, moving from the lifeboat with ten holes in its bottom to the one with only seven holes, when an utterly seaworthy golden ocean liner is sailing within arm's reach, is such a rational move.
that's normal, right? y'all see that basketball game....
Ha ha...wait until Friday afternoon when everyone attempts to sell before the weekend and there are no buyers around.
Holy shit! If that doesn't say get the fuck out of dodge nothing does.
But what the fuck does one get into? USD?
Silver & Gold, nothing more.
Amen reverend
Huge warnings that silver and gold are going to crash like in 2008. See Silver Doctor's site. Also Michael Pento predicts there won't be printing just yet....
Not going to make any predictions but I personally think we have all ready seen most of that happen in Q1 Q2 2012. KWN London Trader article provided some interesting insight into what is currently going on in the paper vs physical markets. You can read it here essentially there is hardly any physical left for purchase, it is all being hoovered up as TPTB dump their naked shorts.
I do agree with you we could see a crash on the comex and it is wise to hold some currency, just adding info...
in Brazil, the cheapest price for ounce of silver is about $36, in granulated form. coins and bars are $60 - $100 per ounce. good business for someone with enough funds, to make and sell bars and coins. any crash in price of silver will be short lasting.
dow price prediction ivars zerohedge and tfmetals, adjusted by goldpricemodel
2012 06 19 dow vs oil 2008 crash to 2012 June
2012 06 19 dow vs oil 02 market-crash 2009 to 2012 June - Obvious Deviation is patently Obvious
one of my fav's
2012 06 19 failbook will crash when DOW does due to oil price collapse - see http://flic.kr/p/bnbsG5
What do you recommend? All I have is PM's and cash. Oh guns and ammo too.
If people generally would think it suicidal to go long the S&P at this point (I don't think anyone here would say BUY S&P), then would it not be a smart move to short the S&P, long the VIX, pick up some profits and then buy silver on the dip? I guess I lack experience with sovereign and continent currency crisises but surely come Tuesday we will all be talking about how much profit one could have made if they had bought "XYZ" on Thursday (tomorrow)....
I'm just thinking about using this to my advantage.
I don't even know what the risks are, let alone being able to quantify them. If you can then I tip my hat to you. Me, I'm long canned goods and 22LR.
Whiskey and whores...diversification is key!
I've got my Johnnie Walker Black Label for when the shit show really starts going, here in N. America.
Ah... the old booze and bed buddies algorithm.
I already have a huge stack of pm's. Gold and Silver are expected to tank like in 2008 - so how to save some fiat and buy the dip? Or is this really the end, like 2008 was really the end, and May 6th 2010 was really the end. I'm willing to gamble with some fiat to see if I can double it while the price of the metals crater and then place an order with APMEX before the FEMA camps open for business.
VXX is the best bet.
Ive got TZA FAZ SMDD on too.
Hey I am with you there. I've been stacking but I hold on to reserves for an event like this. It may not get crushed like 08 but that's okay because I've been stacking , but if gold & silver follows the same pattern I keep liquidity to buy.
Thanks. We are on the same page.
Light this candle...
This is where we see how smart/stupid the investors are and how strong/weak the banksters are.
A little copper, lead, and brass isn't a bad bet either.
A little extra beer & lead never hurt.
Treasuries if you're smart
As my favorite Chicom troll here likes to say: Make me laugh!
For the short term, yes. If the euro implodes uncle Sam is the only game in town that can handle that kind of action
VXX
Bed.
Just copy the EU and switch from austerity to growth. That fixes everything.
I know the Greek election is important for Euro markets but damn.
Greek election is utterly meaningless. Its a side show; its a road apple Newman. The Greeks wont form a governemnt, even if they could. Why take the sin upon their head when its all about Germany and whether they want to go big or go home. So far, all that Germany has done has centered around finding someone else to pin the blame on when they walk away. Greeks, Spaniards, Italians; Angie dont care ...
Ron White 'helmet' monologue.
http://www.youtube.com/watch?v=ueTfihcVJlI
Put on the " . . . " helmet!
"Fuckin"
Welcome to the internet. You can swear here. Moose out front shoulda told you.
<Popcorn>
check
(Sucks kernel out of teeth) Still stackin ;-)
Black swan has appeared
So do we throw rocks at it... or....?
... or Black Swan fois gras?
buzzard, eagle, dragon?
been lookin' at that swan for a while now...
Shit-Hawk.
Is this pate syle or seared. if you roast it over the riot flames in Athens Ill buy a few ounces. That shit is better then pharma grade coke with medical mary jane to mellow you out.
Give it some bath salts.
Take the EURO with a grain of bath salts.
Eat your face off black swans.
Cygnus is a constellation of stars. Very important in religions and ancient cultures. Cyngus is the greek word for swan. It will be directly overhead the northern hemisphere in late July. I figure, a swan in space has to be Black.
Thanks for sharing that.
Also the location of the first blackhole X-ray source...if that helps the metaphor along...
lol.. pretty sure Greeks are doing likewise. Withdrawing 100B this month.
there is an anticipated toilet paper shortage.
Now that I could not handle. Guess the local news rag will come in handy after all.
Nevermind.
Superunknown.
You have a dedicated junker GMS.
The weakend is one thing. The markets still have to get through Thursday and Friday.
The Aristocrats
Nice.
can anyone say Drachma.......to infinity
Due to the " extreme volatility"... yes first it will be sunday for the greek elections, but then soon it will be for everyday.
I can't believe the famous Oanda FX exchange is going to have difficulties. This is serious....
This is retarded.....no offense to retards.
freaking canucks
Darchma to infinity +1
Fuck Drachma, Just call the thing "the Guano".
Bat shit is a better way to describe the damn currency ...
Let's see, gold check, silver check, 10,000 rounds of .223 and rifles check , beans and band aids ,check, booze cigarettes, and boobs check. Yep it's all good.
You look to be all set Doc. Only change I would make is 2-3 really nice briar pipes, half a dozen corn cobs, and 5 lbs of of bulk Stokabye's Luxury Bullsye Flake..... but I'm a pipeman.
Oh I don't smoke... That's only for barter. Cigarettes are as good as gold under the right circumstance.
Watch the shelf life on Cigarettes...
can of Bugler with 230 papers per can $25 at Sams Club
I do not smoke but I'd like to accomadate those who do who might be jonesin
Vacuum seal them.
Doc, I've got to trade out some of my neighbors and move you in...you think like I do.
God dammit, fotgot the cat food. Be right back ...
The market never overreacts to a little illiquidity
Bearish
off-market convergence sounds like a bad trip better ready the relaxeth bong
Hello ZH gang. Hope you all are doing well. By the end of this month, you will understand small pebbles hiding large gems meant to jump start another wealth revenue cycle. It will fail just prior to the signing of international reform laws in coming months. FYI
http://www.uncsd2012.org/rio20/index.html
Keep the fight club running strong.. Just taking a break for now.
Wow, that's an interesting move. It could work out better since open positions will miss the volatility which could trigger sell orders or margin calls, now you either win or lose based on the market at the time they open - Wow. This could work against you as well obviously, leaving you in to take a bigger beatdown at open because a trigger didn't happen. This will lead to a huge gap or gap down scenario.
Of the two suspected winners of the Greek elections, its possible(probable) that regardless of who it is we end up with a gubmint that can't come together just like the first time. It seems as if the assumption is that we'll have a functioning government whether its lead by the Left or the Right, what happens if we actually end up at essentially the same place? Do we go throu another 4 weeks of speculation? Seems this is a possibility that would gum up the European works even further.
This gets the 'Holy Shit!' award of the week.
I was pretty impressed with Spain's ability to even botch farming...
http://www.nydailynews.com/life-style/amazing-animal-kingdom-oddities-gallery-1.984588
Interesting, this is not on their company website. Not even on the Press Releases page.
Shh, you're disrupting the scare tactics. In other news, /ES Pumping higher
Here you go:
https://fxtrade.oanda.com/community/forex-forum/topic/54000793/
http://www.oanda.com/
Headline of Oanda website:
Currency exchange should be visible and fairThe page goes on to sell it's services by boasting:
"Access the world’s largest financial market, 24/7."
Go ahead, follow the link, see for yourself!
Anybody "Loading Up" on TVIX, FAZ, TZA, etc. in advance of this weekend could get wiped out on Monday morning.
Pricing of those instruments is dependent upon deriviatives layered upon even more derivatives.
If the market locks up, those Triple Whammy Specials could go up in smoke.
Wow Robo you made a forward looking call! I'm so used to your rear view prognostications that it shocks me you make sense on this one.
I've been buying and selling VXX. My peers say I'm "just lucky." :)
Just buy low - sell high. ;)
Remember that VXX is an ETN---a Baclays Bank credit. Notice how all the ETNs are issued by European banks. If hell breaks loose things could get crazy because these thing don't price in a credit risk premium (until the past few days) with that said, the Greeks (pun intended) look attractive for near-the-money calls.
But, but, but, I thought EVERY Wall Street product was to be bought blindly and without hesitation? Whatever happened to all your dismissals of the "doomsayers" and "Armageddonists"?
Who are you, and what did you do with the RobotLemming that we all came to know and loathe?
I notice you only mentioned the inverse 3xs. I sure a perma-bull like you thinks FAS, TNA, etc are 3x and fine. Buzz off you damn "Sugar Long"
Rreally? How did they do during the 2008 crash? Did they lock up then?
You were also the dickhead that on Sunday night was proclaiming that everyone holding Puts was gonna get massacred on Monday.
How'd that work out for you asshole?
You was tweaking on DRN, never trust a junkie.
pffft. Time to load up on VXX calls.
Apparently, "Oanda" has lost the ART of Hedging! ( and margin management)... I'll be nicely hedged going into Friday.
I can only imagine the spreads, those hucksters will charge on Sunday!
Fire up the presses again "SNB"!
Someone please tell me whether I should "Like" this now or short my "Like"? Very confuzzled...
To the tune of 'Silver and Gold' from Rudolf the RNR: "Silver and gold liquidations, on every decision tree......."
What could possibly go wrong? I say put Corzine in charge and ya wouldn't have a problem - until that is you do have a problem. WTF.
http://vegasxau.blogspot.com
I miss those 2007-'08 marathon weekends.
I don't.
I'd like to miss the marathon WEEKS here lately though.
We are naming our son Gabriel for obvious reasons. Due date.....sometime in December
I'm just a Mainstreeter and I don't get it. How does a currency trader not potentially get fucked worse than his original risk assessment, when OANDA rejoins the real world.
This is the ultimate fuckin' margin requirement..
"Everybody out of the pool on weekends"
It is an honest message to it's account holders. We expect bodies flying and are getting out for the weekend, and if you don't do what we do you can become one of the bodies.
And they give ample time to transfer your funds to a dealer that will trade the election if you're into gambling over of capital preservation.
Thanks for the reply. When I ask a question, it's usually treated as rhetorical.
Got it. They really don't want their account holders bleeding all over their brokerage. They'll forego the trans fees for 9 hrs, and save on having to do a fire and water damage renovation.
This could be a learning experience for me. Since there are only 2,129 people left on Earth who don't have a short interest in the EUR, it might make the currency markets interesting for the next two days.
I hope the US equity exchanges check their circuit breakers over the weekend.
Maybe next time, you could try asking a question using a question mark?
holy shit, indeed!
it is at such times that we should reflect. what are the origins of trading; is 'speculation' a bad thing; how do we, with as little disruption as possible, restore sound money; and Who is this God america pretends to serve...janus thinks it's time to pay a visit to the patriarchs of old -- abraham? (no, no trader he), maybe issac? again, nothing here but a near human sacrifice. jacob...that's the ticked -- jacob (later named israel) was the world's first recorded trader -- a cattle speculator.
before we review the story of jacob, i must share with you all a realization. i thought i recognized sara eisen and her pal stephanie on bloomberg...took me long enough, but janus never forgets an intimate moment. and, ladies, little did you know that our tete-a-tete-a-tete was recorded. twasn't janus...he's a gentleman -- never tells and always denies...no denyin this, though:
http://cultfilms.tumblr.com/post/2830484768/a-clockwork-orange-record-shop-scene-the-old
back to the Bible:
the scene opens with esau. good ole esau, salt of the earth simpleton, found himself hungry -- vamished, as it were. it is never wise to expose yourself to the predations of a trader; and esau learned this lesson well.
esau was his father's favorite; a hearty man of the earth...a hunter...a big ole brawny sort o' fella. God, however, did not esteem him so generously, "for God loved jacob and hated esau." yup, you read that right, God hates people, and sometimes for no good reason. i can say this because scripture is lacking any sort of clue as to the source of this Most Holy Wrath. esau was just a good-ole-boy bumbling around, salting his bread with the sweat of his brow -- as he was wont to do.
jacob, on the other hand, was a cunning, clever and cagey kinda guy...again, a trader. jacob was always lookin for an angle, and he always felt his ideas and insights superior to all he encountered. this sort of thing will not readily win friends and influence fathers. rebecca (issac's wife) saw what God saw in this young whipper-snapper; and thought the whole mess of first-born=birth-right an antique notion of a dying world. whether or not she was correct is beside the point; she and God were on the same side of the ledger -- and, in the end, that's all that counts (you do NOT want to trade against The Almighty).
chapter 2 -- a deal is a deal.
as i said, esau was a man of the earth...always hungry and never prepared to meet the challenge thereof. whether or not jacob set the whole thing up is not for us to know; we do know that jacob was, at the time of esau's stinging hunger-pangs, well positioned in the broth business. and so it was that they engaged in negotiation.
i don't have to tell you pagans that esau traded his birthright for a measly bowl of soup;as it was sort of a fulcrum of world history. but i do have to tell you that esau never again considered the bargain -- thought it a joke or something. jacob, a man of contracts and binding oaths, thought otherwise -- and so did rebecca.
when it came time for issac to go the way of all the world, rebecca arranged for esau to go out on a big hunt to honor his father's passing.
i'll cut to the chase here:
esau came back to find jacob receiving the birth-right blessing with goat-fur flecking his bare arms (in imitation of esau's brawn and swarthy sea of arm-hair)...it would be understating the case to say that esau was upset. the whole matter touched off a sibling rivalry like the world has never seen -- at least not since issac and ishmael. nothing good came of the situation, except for jacob...he leveraged a bowl of soup into the world's septer. not a bad day at the bloomberg terminal, i say.
anyway, after this, jacob had to flee. he set off to live with laban, his cousin (or possibly his uncle). laban happened to house a couple of daughters; rachel and leah.
the story is awesome, and is not really the picture of 'meekness inheriting the earth'. i will defer to brevity and say that jacob was tricked into marrying the ugly daughter (leah) and so set to speculating on cattle (the speckeled sort) so that laban would have no choice but cede the finer frauline to this young upstart.
the lesson here is: God loves a trader; and especially those possessing a nimble and curious mind.
i've got an incredible idea for restoring the gold/silver thing...i'll have to come back later; mrs. janus just arrived, and i've got to give her a few minutes of attention.
later speculators.
http://www.youtube.com/watch?v=QLsQ2CJQU8U
God bless ya (he he he),
janus
Nice post janus--the story of Jacob and Esau is one of my favorites as well. On nights when the sheets are feeling overly comfortable I always prey to the God of Abraham, Isaac and Jacob.
I'm pretty sure that Cain and Abel had an even bigger rivalry...
I still say, when The Undertaker turned out to be behind Stefanie McMahon being kidnapped? That crossed a line. And I'm here to state, right now, on this website, that will not stand, Undertaker, can you hear me now?
oh, right, i remember that...janus loves wrasslin the ladies.
http://www.youtube.com/watch?v=RY3oRVzjSIg
i always win!
we should only be so awesome.
is everybody afraid?,
janus
I've always been curious about something, so perhaps you can help.
Who did Cain and Abel take to the Senior Prom?
nope...cain settled that one all quick-like. envy is a motha fucker. you see, able offered the blood of treasured calves -- cain only fruits and veggies. no blood/no bargain...or so it seems.
seth, the appointed, came thereafter. cain, the cursed, roamed the earth defying all to kill him.
he later begat tubal-cain; and that does likewise matter.
and they dwelt east of eden, in the land of nod,
janus
The Asian markets don't even open until 5:00 p.m. est. That is all interbank crapolla, anyways. They are trying to stop the gap shooters!
I called a buddy of mine that trades with Oanda, and he hasn't received any emails in his primarry account. I gotta take Tylers word for it though. He seems to be one step ahead of things 99.9% of the time.
American Airlines and British Airways raised this week (almost doubled) the price of airline tickets to Uganda.......WTF?
So... What's all the excitement about? Is everybody talking about Madonna showing her butt in Rome?
Re: Madonna.
Best celebrity site headline, eva: "Madonna Strips, Again"
KFC over weekend: 'madonna strips & salsa' 2,99$
The biggest down day of the year is a little over 2% and the VIX still has a 2-handle
There has been no volatility all year
Why the kid gloves?
Leave the gun - take the cannoli
If the Euro goes up in smoke, eat the cannolli and pocket the gun ...
What did you think all those drones were for--eavesdropping.
The fuctards at the Central banks won't let it flame, be careful you all, never underestimate the fucktards...
Wow, that is one scary post. Since I never trade stocks, except for miners, not a problem. And if they crash, well, no margin, wait for them to come back. They will. And my stash stays where it is. It would be interesting if after all the fireworks we close Monday about where we are on Friday. I was never smart enough to trade currencies. I never go there.
No sir, you were never dumb enough to trade currencies. You were smart not to.
Euro Apocalypse Preparations.
Amazon will remain online for last minute purchases of "Hellenic's Gate Away Team" armband patches and purple handkerchiefs. On Saturday, you should dress appropriately in new black-and-white Nike tennis shoes (socks optional), black long-sleeved shirt and black sweat pants. Make sure to have exactly one 5 euro note and three 20-cent euro coins in your shirt pocket.
Await further instructions.
Classical, 'Poetic Justice' from the Ancients?... welcomes all to the posthumous revelation via Aristotle's 'Unities in Drama' --- whence, Shakespeare penned not so long ago... 'All the world's a stage, and all men and women merely players."
Preamble: "Unities in Drama", is the 'Fx trade' really an actional global and timely event? If so - Why? Have the markets turned clairvoyant,... now cannibalizing their freedom? ___ #1) The unity of action #2) the unity of place #3) The unity of time
Ref: http://en.wikipedia.org/wiki/Classical_unities
thanks tyler
I agree. If it is really a bad night Ben and the boys will come to the rescue on their white horses, throwing worthless dollars and Euros all over the place. And a few days later, all gone.
I have no dealings with Oanda, but I do admire their honest advice to their clients.
Personally, I'm getting out of Dodge before Friday. No point getting crushed in the rush to the EU exit ;-)
The sickening sight of senators genuflecting in the direction of JP Morgue today merely makes me more nervous, but hat tip to the guy from Montana who spoke up for farmers and ranchers.
Gangsta bankstas like the guy who knows a guy and would blow your head clean off like Jamie are determined to make money off the failing EU/euro experiment.
I didn't say anything about puts next week.
I said that June puts would be vaporized this week.
ES could drop 50 the rest of the week and those puts are still toast.
Meanwhile, I'm still calling JNJ a buy right here, right now:
http://stockcharts.com/h-sc/ui?s=JNJ&p=D&yr=1&mn=0&dy=0&id=p47015961379
JNJ P/E over 17!
What about Ford and TC?
Damn Robo.. Is that the real you? Two forward looking calls on one thread. We will have to save this post for future reference. I'm sure sheepdog will appreciate the ammo.