Semana Article on Dollar - COP Exchange Rate

ozgringo says on Aug 19, 2007, 21:04:

The USD is due for a correction north as it is oversold against most of the major currencies and cross rates, so this would agree with what the article says. A look at the charts shows that the rates have corrected significantly just in the last 2-3 weeks. The federal reserve and European central bank have pumped huge sums into the markets during this time to prop up their resepective currencies.

tried to think of something deep to write here.. but couldn't think of anything..

0 funny, 0 helpful.

hawkmare says on Aug 20, 2007, 07:00:

yes SFJohn, don't you know, gringoinbogota knows EVERYTHING about the peso/dollar drama. Forget the fact the odds are 50/50 of the peso going up or down...he is THE authority on peso/dollar value....anyone else is nothing at guessing the 50/50 chances of the peso going up or down. All hail thr gringoinbogota and his 50/50 predictions.

Don't waste time on anti-US-rag? So, I have to stop reading ALL non-US publications?

0 funny, 0 helpful.

RAAAY says on Aug 20, 2007, 07:43:

...........Oh Lord..................The Ego has landed........

.........Its useless to argue with ignorance

0 funny, 0 helpful.

hawkmare says on Aug 20, 2007, 07:49:

grinoinbogota....I didn't mean to attack. I am simply tired of you tooting your own horn. That is all you do here. I mean, c'mon, your chances of being right are literally 50/50.

0 funny, 0 helpful.

spigrimace says on Aug 20, 2007, 08:53:

"The federal reserve and European central bank have pumped huge sums into the markets during this time to prop up their resepective currencies." I didn´t know that increasing supply now increases demand. How did I ever pass that economics 101 course?

0 funny, 0 helpful.

tomtom33 says on Aug 20, 2007, 09:03:

Increasing the supply of money eases tight credit which boosts confidence which increases demand. Or not.

0 funny, 0 helpful.

RAAAY says on Aug 20, 2007, 09:04:

Relax Spig............anything that you are unsure about will be cleared up momentarily......Gib knows pretty much everything about everything.............

.........Its useless to argue with ignorance

0 funny, 0 helpful.

jarhead says on Aug 20, 2007, 10:08:

RAAAY, no disrespect meant here man, but why don't you just let it go, so that we can get back to the topic at hand.....I was doing the same shit you are doing with other members on this site(rubito, sorry man, I was out of line), and it's not worth it, let's just get back to to topic........

0 funny, 0 helpful.

RAAAY says on Aug 20, 2007, 10:53:

Yes......Jar..........your'e absolutely correct.................point taken...

.........Its useless to argue with ignorance

0 funny, 0 helpful.

tomtom33 says on Aug 20, 2007, 12:48:

What may or may not happen tomorrow or next week is only of interest to gamblers and speculators. I'm pretty happy living today. Let tomorrow worry about itself.

0 funny, 0 helpful.

Tinto (Moderator) says on Aug 20, 2007, 13:18:

Re economists and speculators - they're equally bad in excessive amounts.

0 funny, 0 helpful.

tomtom33 says on Aug 20, 2007, 13:58:

Not quite. Long-term holding of a well-diversified stock portfolio is not speculating.

I never married. I'm not as dumb as I look.

0 funny, 0 helpful.

Tinto (Moderator) says on Aug 20, 2007, 14:32:

If you want to define speculation as anything that contains some element of risk/the unknown, I guess that's fine. For the rest of us, there are words to describe the degree and whether the risk is avoidable or unavoidable.

0 funny, 0 helpful.

tomtom33 says on Aug 20, 2007, 14:35:

The market is the only place to be for long-term preservation of capital. Speculator is short-term. Investor is long-term.

Hiding the money in your mattress is a much worse bet.

0 funny, 0 helpful.

hawkmare says on Aug 20, 2007, 20:49:

webster:

heard: past tense of hear

herd: group of animals behind GIB

0 funny, 0 helpful.

Chelesupercono says on Aug 21, 2007, 05:57:

So.....I defer to all of the self-professed Economic Gurus.....is the peso going to fall more against the dollar???

never go to bed with someone crazier then you are, you will do it and you will regret it.......

0 funny, 0 helpful.

tomtom33 says on Aug 21, 2007, 06:07:

I love my false sense of security.

When is money not at risk? When you put cash in a safe deposit box, you have inflation risk not to mention loss of income.

When you get out of bed in the morning(or evening, Rubi), you risk stubbing your toe. If you do not get out of bed, you risk muscle atrophy.

Life is risk. I have risked a lot and made my small pile. Now I reduce my risk and enjoy.

0 funny, 0 helpful.

Chelesupercono says on Aug 21, 2007, 06:20:

Tourista....the peso is already above 2100.......

never go to bed with someone crazier then you are, you will do it and you will regret it.......

0 funny, 0 helpful.

Tinto (Moderator) says on Aug 21, 2007, 06:44:

Does that mean a 1929-like crash is about to start this morning and we'll all be in a soup line by the weekend? That's OK, I like soup. I hope they serve chili, too.

0 funny, 0 helpful.

Robert Jorge says on Aug 21, 2007, 19:35:

Did we bust 2200 today GIB? Actually, I'll just look it up right now to see where it is at.

BEWARE of gold diggers.

0 funny, 0 helpful.

john_stark says on Aug 21, 2007, 20:11:

2153!

0 funny, 0 helpful.

john_stark says on Aug 22, 2007, 19:39:

I don't take chances. I prefer to pick my money up when it's lying there on the sidewalk. Like Apple a few days ago when it got pounded down to 113. Today it closed at 132.51. That was money lying on the sidewalk and of course I had to stop and pick it up. Strangest thing. People are always leaving money on the sidewalk.

0 funny, 0 helpful.

trojancd says on Aug 22, 2007, 23:51:

Yah I went long the q's last Thursday, been a nice little run...I got really lucky.

0 funny, 0 helpful.

trojancd says on Aug 23, 2007, 09:03:

Yah it was hard to pull the trigger, had to build my position all the way up, didn't commit right away. And now I'm short today, we'll see if I hold it short

0 funny, 0 helpful.

trojancd says on Aug 23, 2007, 12:48:

I jump around, equities, futures, currencies, options, where ever I find my trades are best suited I hit that exchange.

I don't really know if I'm going to sit on a short overnight, the highest pain is to continue to gap the market up on open I think...everyone seems to be wanting to short here, still not sold on my short swing yet, we'll see. I'm with you, cash at end of day is a nice place to be.

0 funny, 0 helpful.

trojancd says on Aug 23, 2007, 13:15:

Man I did one round trip today, not much for me to trade today. Love trading the Euro though, been very good to me. Took the Yen and CAD a few weeks ago, was a nice little move.

I'm actually quite calm on my trading, I just wait for the move then take it. If nothings there I don't do anything. Of course the last few weeks I was doing 10-20 trades a day, all that action was great for trading. But I prefer swing trading, let's me leave my friggin desk when I want

0 funny, 0 helpful.

trojancd says on Aug 24, 2007, 05:48:

That's exactly what the market has been doing to me, this week is just testing patience, I know exactly what you mean. But a nice 10 pip move, nice excuse for an early day.

So I went home short 1/4 of my position, so far its working

0 funny, 0 helpful.

trojancd says on Aug 24, 2007, 06:45:

Hah, I know exactly what you mean, that's one reason I've kept myself from the Currencies, its so easy to trade when I'm bored. However I am liking the CAD and YEN, just looking for a place to re-enter

Sitting on my hands until i'm not, hah

0 funny, 0 helpful.

trojancd says on Aug 24, 2007, 07:13:

Man this was a great August, this week being the exception, this week was a typical August week. But typically Aug is a lame month, that was a good time to kill everyone, brilliant really.

Looks like the short squeeze is grinding up, just slowly working its way higher, until one day everyone wakes up and realizes, they just got worked, hahaha So much for my short, stopped out

0 funny, 0 helpful.

trojancd says on Aug 25, 2007, 11:23:

Great idea stopping out, went long a full position for the day when I stopped out and dropped down to 1/4 size position for the weekend hold. How'd you fare?

0 funny, 0 helpful.

trojancd says on Aug 25, 2007, 12:47:

Hah, yah they do love the action. Those numbers stopped me out on my short and triggered all my longs, I sat long, took a massage while watching my charts creep higher all day. Days like yesterday are why I love doing this.

Everyone keeps talking about the low volume, at least in the equities the volume is what it was 3 months ago...before the big rally. The last 3 months were pretty wild really, like a blow-off top and a good shakeout. Funny all that drama and we are less than 100 pts from the July highs on the Nas Futures.

I just went long Gold this week after taking a year or so off that market, hows that look with the dollar?

0 funny, 0 helpful.

trojancd says on Aug 25, 2007, 14:22:

I am with you on the Dollar, everyone wants to hate the dollar, that's a strong buy to me.

I'm a technical trader too. Gold is steadily staying above its moving averages, or hugging them on the weekly. That sort of thing is interesting, of course the MA seem to be topping, decisions decisions.

How about that peso huh!

0 funny, 0 helpful.

trojancd says on Aug 26, 2007, 11:31:

I know at least a few guys who own a couple apartments, and they are flipping them. I got out of financing and doing the credit game for myself a few years back, my life is soooo much better. there is some major global credit concerns, exponential problems, I think the recent stuff is just a little eye opener. I'm comfortable in knowing my old fashioned methods of managing my money will keep me pretty safe.

With you on the liquidity, not at all interested in being the Market Maker in a market. I like being simple.

NAS 100 and OEX hit 61.8 fibonocci retracement from the July highs to August lows on friday, we'll see what that level does for us, might be a dollar spike from here

0 funny, 0 helpful.

trojancd says on Aug 26, 2007, 11:53:

And the 50 day MA, just like the 1998 correction

0 funny, 0 helpful.

john_stark says on Aug 28, 2007, 22:06:

GIB is right even though I can't quite figure out why. When things go south as they will the dollar will firm up as people retreat into Treasuries. Personally I think both the dollar and US treasuries are completely worthless and represent a promise that the US government is not going to be able to fulfill. Still the market values them and you don't make money fighting the market regardless of your own personal feelings. Are there any currencies left that are backed by precious metals and not just fiat paper?

0 funny, 0 helpful.

goin_south says on Aug 28, 2007, 22:47:

"When things go south.."
Hey, J_stark,.... careful ;)

Where do we go from here?

0 funny, 0 helpful.