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"I know one thing, that I know nothing." Sokrates
EurAnalysis Kindergarten 24 replies
DislikedI use Actionforex for my pivot levels. However they seem to differ to a lot of the figures that get quotes here. Just wondering who's wrong and who's right?Ignored
DislikedHi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.Ignored
Dislikedi am away, my net is full of pips.Take care all and keep it simple. Good tradingIgnored
DislikedHi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.Ignored
DislikedGood morning everyone,
(...) So, seeing as we currently have no immediate catalyst for more down and we have technical indicators mostly pointing north, it seems that I may have overzealously jumped the gun a bit with my short at 1.2140... at least it seems that way.Ignored
Disliked(...) However, for me, no matter what it seems like, I'm still very comfortable with my trades because as most of you should already know, I am a position trader and not a scalper or intraday player. To me that short at 1.2140 is insurance that if/when, the Euro makes another sudden move to the downside, I'm already covered. If it does make it up as high as 1.2210 or even 1.2300 area, that just gives me more chances to bring out my bigger hammer.Ignored
DislikedHi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.Ignored
DislikedMore Draghi...
■“Sharing national sovereignty” on EU level to come
■Bank supervision to be established first
■Bank resolution to be established second
■ECB wants to break link between banks, national governments
■EU-wide deposit insurance fund to follow last
■Markets are acknowledging less strength in euro, progress than there is
■ECB wants to move within its mandate
■Not ECB’s job to act instead of governments
■Euro zone has power to defeat market speculation
■Change in euro-zone...Ignored
DislikedWhy the markets hang on Draghi's words is beyond me. Without the sovereign consensus, he is a castrated Central Banker.
The ECB does not have the power to implement any of what he is saying until such time as the ECB mandate is changed to reflect those powers. That is why his statement of doing what ever is necessary, is preceded with the words "Within our mandate".
So what is within the ECB's mandate?
More rate cuts?
More LTRO?
Yep, that's it. Rate cuts and LTROs. Beyond that the ECB has no power.
So, nothing has changed. The puppet masters of the EuroZone are still the sovereign leaders and they cannot get it together politically. So expecting the ECB to take the lead without having the power to do so is nothing short of pie in the sky.
So, now I wait for the hopium high to wear off, and out will come my hammerIgnored