DislikedThe Euro has shown that each major shock is good for a couple hundred pips down. I'm not saying it will, but I am going to keep shorting until I see some significant trend reversal signs.Ignored
patience is a virtue
EurAnalysis Kindergarten 24 replies
DislikedThe Euro has shown that each major shock is good for a couple hundred pips down. I'm not saying it will, but I am going to keep shorting until I see some significant trend reversal signs.Ignored
DislikedHehehe. Good luck my friend, many pips to you.
I am blazing bearish karma everywhere I go. Down with you you nasty EMU, you have been very naughty and deserve to get spanked.Ignored
DislikedWhat's even funnier is that everyone is saying that Eurobonds will happen soon.
However, in order for Eurobonds to happen, all 17 EZ member nations have to agree and Germany is snubbing their noses at the whole idea.
My take on it is that if the German bond auction today only attracted a 1.1 BtC ratio, how would a Eurobond that carries more risk attract any buyers? Just look at the EFSF bonds... an empty box full of empty promises.
More downside to come.
ADD: Unless the ECB steps in as lender of last resort ...Ignored
Dislikedwent long at 3381 - she's been moving sideways for half and hour, so got in at 81....Ignored
Dislikedwent long at 3381 - she's been moving sideways for half and hour, so got in at 81....Ignored
DislikedEZ bond are at least 3 years away. I do however think they will come.
EDIT: Well in addition to the downside risk of credit default for many countries the numbers aren't looking that good right now... Germany is slowing down and how is in charge then. I do hope that the Euro will survive because the idea is in fact good.Ignored
Dislikedwent long at 3381 - she's been moving sideways for half and hour, so got in at 81....Ignored
DislikedYes of course 2 to 3 years from now after treaty changes and fiscal integration of EZ members (probably after some defaults or secession of some members)Ignored
Dislikedwent long at 3381 - she's been moving sideways for half and hour, so got in at 81....Ignored
DislikedDoubled my long position at 3380. The indicators are still flashing divergences. This last H4 bar may be a final shakeout. I may be wrong but thatīs what I continue to see.Ignored
DislikedSometimes, even when the technicals are screaming for a bullish correction, the fundamentals are so strong that all rules are broken.
I don't think you were trading in 2008 but I was and I can assure you that the majority of the FX traders who lost money back then were the ones who were sure that the technicals were screaming at them to go long, and they listened. I know you're not going long here but I just wanted to make a point. When the market is in fear mode, corrections are limited to maybe a 23.6% or 38.2% fibo retracement. In calmer markets,...Ignored
DislikedThe equity indices are staging a recovery from this morning's losses but they are still in negative territory compared to yesterday's close.
If they make it to positive before NYSE open, then the bulls have a chance.
However, I would be more inclined to go long on other risk assets as opposed to the Euro.
Anyway, I'm not going long on anything. I'm just speaking for the bulls (not me)
What I see is a corrective pullback towards 1.3420 and then down from there on a new H4 candle... at least that is what my charts tell me for now. That could...Ignored