DislikedHow far down?Ignored
EurAnalysis Kindergarten 24 replies
DislikedAs for a bit longer term - yesterdays close was well below that old H4 trend channel - that indicates further movement down in my observations. Often after rejection of 200 % extensions of such channels price comes back to breake and form new opposite direction channel..Ignored
DislikedGuess it wasn't such a bad idea after all... so far.
Saved by the protesters.
Austerity protesters rioting in Madrid and surrounding the parliament buildings.
This could end badly.Ignored
DislikedIt just made a HL in H1 so it is quite possible.. BUT I guess that more important is what kind of orders were accumulated (and if they were closed) in that early London consolidation range.. Just right before BIS buying and that crap Lagarde announcement on Bloomberg it was starting to break lower - it closed H1 at 2987 - below frankie open.. SO if NY didnt moved it up by now - it surely wont by the end of the session..and Asians..? They sold yesterday HARD...Ignored
However, since I'm a nice guy, here it is...
You're very welcomeIgnored
DislikedJust keep in mind that what is going on in Madrid is seen all over the World. Spain is big enough that this very well can spread to all countries affected by depression or deep recession.
There is no going back once the fires of rebellion come to Europe. Emotions run high and things go wrong in a very big way in a very short period of time.Ignored
DislikedDeleted all pending orders. What is going on in Spain might change the whole story.
Added short @ 1.2910.Ignored
DislikedAlso, i attached a G/U chart with S/R levels, all of which were left untested. How would you treat that situation ? I am assuming this is not normal market behaviour ?
DislikedIt no longer is about socialism or conservatism, it is about people reaching the end of their tolerences.
This is why the thread exists, that the Euro is a slapped together entity without common economic reasons for existence.
That the Euro was unsustainable and Sovereign debt cannot be dealt with in a common currency regime.
Draghi is not correct in saying the Euro is irreversible. When a whole Nation rejects the currency, it is reversible. Treaties are only as good as there are willing participants.
Enough people rising up in Spain, and descent...Ignored