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EurAnalysis Kindergarten 24 replies

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  • #1,601
  • Oct 10, 2011 12:14pm Oct 10, 2011 12:14pm
Nope..
Bulls Run. Bears Bite. We Profit.
  • #1,602
  • Oct 10, 2011 12:15pm Oct 10, 2011 12:15pm
Quoting drtorque
BTW, 3685, shorted and it worked, still cant believe it..

my biggest mistake was after the first short @3475,
I brought 2 chicks home and was chatting. checked the charts, there was something wrong, but being a cowboy w/chix, dont worry its gonna go my way... what an idiot
It is called hormones. Been there done that.

I show a 1.36999 High for the day. It is coming off now and sits at 1.3658

Only good news will soon change as it always does.

Lessons of life are good. That is if you learn.
  • #1,603
  • Oct 10, 2011 12:21pm Oct 10, 2011 12:21pm
Quoting PipTrapper
Have you looked at ibfx australia?

.
Nope...
Do they also trade in commodities like cotton , wheat , gold etc..?
Bulls Run. Bears Bite. We Profit.
  • #1,604
  • Oct 10, 2011 12:25pm Oct 10, 2011 12:25pm
Quoting Harpe Eagle
Nope...
Do they trade in commodities also like cotton , wheat , gold etc..?
Yes I am pretty sure they do commodity futures
...and they also do spot gold and silver.

Best thing to do is visit their website a connect to a live chat with them. They will answer anything you need to know.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,605
  • Oct 10, 2011 12:29pm Oct 10, 2011 12:29pm
Quoting bumapatria
My view on this is that bank holiday. I shouldve held the long but hey wtf (pt i didnt spell it out) . Bank holiday = rest for dollar bulls. That was all i got, i didnt give much care to the b/s sarkozy and merkel are saying from their worst paid speech writers. Its basic market psychology. Euro bulls are at an advantage, and so that would create the current move. dont be too surprised, its the art of war + psychology of the market.

why oh why did I close that long, ha?
  • #1,606
  • Oct 10, 2011 12:30pm Oct 10, 2011 12:30pm
Quoting PipTrapper
Yes I am pretty sure they do commodity futures
...and they also do spot gold and silver.

Best thing to do is visit their website a connect to a live chat with them. They will answer anything you need to know.
Thanks PT...
Do you have an account there..? Just want to know are they reliable or not..?
Bulls Run. Bears Bite. We Profit.
  • #1,607
  • Oct 10, 2011 12:39pm Oct 10, 2011 12:39pm
Quoting Harpe Eagle
Thanks PT...
Do you have an account there..? Just want to know are they reliable or not..?
I have an account with IBFX USA and yes they are reliable. They have multiple price feeds and their execution time is good.
They are not counter party either. They send your order directly to market just like fxcm and they also have very high liquidity.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,608
  • Oct 10, 2011 12:39pm Oct 10, 2011 12:39pm
Giant bank fails! Biggest since debt crisis!
Next, expect another failed bailout!
by Martin D. Weiss, Ph.D. Dear Bruce,
http://finance.moneyandmarkets.com/m...eiss-video.jpgA giant bank has just gone under.
It’s the biggest bank failure since the debt crisis of 2008-2009.
It’s so big, in fact, that its assets are actually LARGER than the total GDP of the country where it’s domiciled.
And this kind of failure is precisely what we’ve been warning you about in our new blockbuster video.
In this video, not only do I tell what’s going to happen next, but I also name the 10 giant U.S. banks that are most vulnerable to this banking crisis.
I urge you to click here to watch it now. With this huge new bank failure hitting the news today, it’s more urgent than ever.
The bank that just failed is Dexia, and the country is Belgium. But if you don’t live in Belgium ... and you think that fact makes this failure less relevant to your banks or to your investments, consider these shocking facts:
Shocking fact #1. Dexia was the world’s largest lender to municipal governments in the U.S. and overseas. So as the bank’s various pieces are chopped up and sold off to other institutions, it’s naturally going to be a lot tougher for municipalities to get financing.
Result: More belt tightening and job cuts at local governments everywhere.
Shocking fact #2. Dexia was one of many large banks that actually PASSED Europe’s official “stress tests” just three months ago.
And yet it’s the first to go down!? What does that tell us about the OTHER, even larger banks that supposedly passed the tests?
I’m talking about giant banks loaded with bad loans like ...

  1. Italy’s UniCredit, which is 1.8 times larger than Dexia in terms of assets ...

  1. France’s Société Générale, which is more than double the size of Dexia ...

  1. France’s Credit Agricole, which is almost three times larger than Dexia ...

  1. And France’s BNP Paribas, nearly FOUR times larger than Dexia.

The big disconnect: The official stress tests let these banks lie through their teeth about their huge loans to Greece, Ireland, Portugal and other PIIGS countries.
Those loans are worth as little as 40 cents on the dollar on the market. And yet, in the recent stress tests, the banks were allowed to value them at 100 cents on the dollar!
Result: They also lied about their capital and their solvency!
This absurd — and deliberate — oversight by the banking regulators is widely known; and they’ve already been raked over the coals for it.
What’s not widely known is ...
Shocking fact #3. It wasn’t recognition of the bad PIIIGS loans that sunk Dexia. Even today, as Dexia is being split up and sold off, it’s STILL carrying those loans at full value on its books!
So what did sink Dexia?
It was a bank run — the sudden and mass withdrawal of its funding.

Note This is a commercial site however this information is free and fairly accurate. It is current as well.

  • #1,609
  • Oct 10, 2011 12:40pm Oct 10, 2011 12:40pm
Quoting knoholygrail
It is called hormones. Been there done that.

I show a 1.36999 High for the day. It is coming off now and sits at 1.3658

Only good news will soon change as it always does.

Lessons of life are good. That is if you learn.
Ahh yes hormones. I remember those LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #1,610
  • Oct 10, 2011 12:49pm Oct 10, 2011 12:49pm
Quoting knoholygrail
It is called hormones. Been there done that.

I show a 1.36999 High for the day. It is coming off now and sits at 1.3658

Only good news will soon change as it always does.

Lessons of life are good. That is if you learn.
how I wish I could say I learned and this will be the last...

but at least I didnt short more. after the first round w this chick, I checked the chart again. I was in decisive... indicators say over bought, but its going up, should turn, doesnt make sense, I hear PT saying NO DAMN FUNDAMENTALS lol
but i didnt short, keep the the ammunition, get a fresh pair of eyes in the morning, go and do the chick... so I did
and Im proud
  • #1,611
  • Oct 10, 2011 12:51pm Oct 10, 2011 12:51pm
Quoting PipTrapper
Ahh yes hormones. I remember those LOL
I guess it's me who should be having that kind of problems. Come on...

Pbh

PS: For anyone who doesn't know, I'm 14
  • #1,612
  • Oct 10, 2011 12:52pm Oct 10, 2011 12:52pm
yes pip trapper, fundamentally this move makes no sense.

Mar-kozy said super secret ultra plan that will fix everything is going to be revealed at the end of the month. (can kicking) wait! Greece was expected to default before the end of the month

Dixia, one of the Big boy banks, fail = this is positive for the Euro somehow.
Italy, Spain, down graded, NUMEROUS banks down graded this is euro positive too.

the only thing that the market could be looking forward to is the G20 meeting, maybe some players got info of a Europe bailout?????? just like my scenario that was unlikely??????

however a bail out will fix things for how long?
even with fiscal integration, and monetary union, even if Germany gives up sovereignty over their CB, they are holding TOXIC DEBT.

where are they planning to UNLOAD that risk? how will they deleverage? like the US on the back of their citizens?

EZ is not a country, is fragmented confederacy of nations that are Germans, French first then Europeans.

so unlike the AMERICANS they are not UNITED. i dont think the German citizens will continue paying for Greeks, Portugese, Italians, Spanish, and if France foots the bill who will pay for that massive economy
AVT INVENIAM VIAM AVT FACIAM
  • #1,613
  • Oct 10, 2011 12:53pm Oct 10, 2011 12:53pm
Yesterday in Poland was the vote - and first time in my life current ruling party got reelected. But, the funny thing is... Polish TV cited some French newspaper, that "Reelection of the government will stabilize things in Europe" or sth like that is THAT why the EUR kept rising today ?
  • #1,614
  • Oct 10, 2011 12:57pm Oct 10, 2011 12:57pm
Quoting Blobik
Yesterday in Poland was the vote - and first time in my life current ruling party got reelected. But, the funny thing is... Polish TV cited some French newspaper, that "Reelection of the government will stabilize things in Europe" or sth like that is THAT why the EUR kept rising today ?
  • #1,615
  • Oct 10, 2011 12:58pm Oct 10, 2011 12:58pm
Quoting the redlion
yes pip trapper, fundamentally this move makes no sense.

Mar-kozy said super secret ultra plan that will fix everything is going to be revealed at the end of the month. (can kicking) wait! Greece was expected to default before the end of the month

Dixia, one of the Big boy banks, fail = this is positive for the Euro somehow.
Italy, Spain, down graded, NUMEROUS banks down graded this is euro positive too.
That's why we should forget the logic & rumors and look what charts are telling us, and what they said today? buy buy buy. Don't trade your own BS, trade what you see.
  • #1,616
  • Oct 10, 2011 1:01pm Oct 10, 2011 1:01pm
Quoting GoldMan.
That's why we should forget the logic & rumors and look what charts are telling us, and what they said today? buy buy buy. Don't trade your own BS, trade what you see.
George Soros may have the brass cahunas to buy into a bubble. I am not that brave
Those who say it cannot be done should not interrupt those who are doing it
  • #1,617
  • Oct 10, 2011 1:01pm Oct 10, 2011 1:01pm
I wonder what the American banks are going to think when they get back to work tomorrow... Oh boy, the Euro is at 1.37... I had better get me some...

But really, despite appearance, the USD was the big mover, not the Euro. So instead of thinking "Why is the Euro strong", we should be thinking about why the has the USD's bullish countertrend encountered a hitch.
Kill the ego, or it will kill the mission.
  • #1,618
  • Oct 10, 2011 1:03pm Oct 10, 2011 1:03pm
Quoting GoldMan.
That's why we should forget the logic & rumors and look what charts are telling us, and what they said today? buy buy buy. Don't trade your own BS, trade what you see.
you are right my friend.

we saw buying pressure, buy buy buy, who or why will not be known till later, but the liquidity kept being eaten up on the ask, that is all that matters.

Follow the price
stay out
or get ran over by the market : rectify or take the loss, no other way
AVT INVENIAM VIAM AVT FACIAM
  • #1,619
  • Oct 10, 2011 1:04pm Oct 10, 2011 1:04pm
Quoting the redlion
yes pip trapper, fundamentally this move makes no sense.

Mar-kozy said super secret ultra plan that will fix everything is going to be revealed at the end of the month. (can kicking) wait! Greece was expected to default before the end of the month

...
Mer-k-ozy have a secret plan that they cannot talk about except to say that their plan is to make a plan. LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #1,620
  • Oct 10, 2011 1:07pm Oct 10, 2011 1:07pm
okay so I opened a small short position at 1.3660
If I feel comfortable with a good retrace later, I will scale in some more lots.
Those who say it cannot be done should not interrupt those who are doing it
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