Jan
24
Today’s been one of those lazy days we all have from time to time. You know the type: there’s no work load to take care of and no matter how busy you try to look it’s all pointless because there really is nothing to do - so you consequently spend your day picking your nose.
Well, I have had one of those days today: none of the four setups I had on my watch list gave me any entry and furthermore I only received a fistful of emails from you guys (I usually receive 20 or 30 per day) so I have been mostly reading the papers all morning long and sorting out the photos I took last weekend.
Let me at least show you the setups I was following today - watch the video below.
PS: yesterday I talked about one poor kid who lost US$ 40,000 in two days on the futures market, remember? You thought that was bad? well, how about if I told you that one “professional” trader at French investment bank Societe Generale has just lost US$ 7.2 BILLIONS?!?! that’s the world’s largest loss by one single man ever! How can someone lose $7.2 billions? I mean, I am not sure whether he should be ashamed or proud of the feat… You can read all about it at this article from BloomBerg.
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24 January, 9:19 pm
Trader lost 4,9 . But is enough. ;-)
I think.
24 January, 9:21 pm
Ok I meant Euro.
25 January, 2:36 am
Many professional traders in Germany believe that this guy of SG was the main reason for the second day (tuesday) plunge in stock markets…
25 January, 11:02 am
It’d be one cool line on the guy’s CV:
COMPANY:
Societe Generale
POSITION:
Stock Analyst and Trader
RESPONSABILITIES:
Losing $7.2 billions and crashing the world stock markets - task diligently fulfilled!
:p
-HECTOR-
25 January, 12:17 pm
About those $7.2 billion,
remember there is always someone taking the other side of the trade.
Congratulations to the counter party.
Wish it was me…
TraderW
26 January, 3:52 pm
New information about the Billion Dollar-Man:
According to some newspaper article in Germany this guy went long in the DAX Future with 140.000 contracts at the beginning of 2008.
Since then the Future lost about 600 Points.
600*25*140.000= 2.100.000.000 €
;)
28 January, 5:02 am
I smell a nice harmonic 3 SMA alignment on EUR/GBP on the Daily chart. That’ll be a nice ride up once it happens!
28 January, 4:08 pm
Tom: EUR/GBP . If you look at the lows of 1993-94, they have just been tested from below and rejected. Price has now formed a head and shoulders pattern off it. Im Not trying to “pick the top” of this bull run. But I think we should get a bit of a pullback at-least.
On the other-hand if we break 0.7450-7500 im with you on this one.
Happy trading
fabio
29 January, 11:42 pm
With the Fed tomorrow and NFP Friday we should have some set up’s this week! Bring on the volatility : )