The best thing that can happen to you is to find out where you're wrong.
- #86,542
- Apr 16, 2009 11:34pm Apr 16, 2009 11:34pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #86,544
- Apr 16, 2009 11:34pm Apr 16, 2009 11:34pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
The Thief of Wall Street
- #86,545
- Apr 16, 2009 11:35pm Apr 16, 2009 11:35pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
FUBAR...
- #86,546
- Apr 16, 2009 11:36pm Apr 16, 2009 11:36pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Good Morning all
FUBAR...
- #86,547
- Apr 16, 2009 11:38pm Apr 16, 2009 11:38pm
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
Good Morning all
Not all sins are created equal
Go for it. I will gladly accept your money.
- #86,551
- Apr 16, 2009 11:45pm Apr 16, 2009 11:45pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
By Jason Clenfield and Lily Nonomiya
April 17 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said any ambiguity in policy direction will delay a recovery from the global financial crisis.
“Any ambiguity in our medium-term policy direction would delay the return of sustainable prosperity, because that would undermine confidence, which is the most precious ingredient in the present circumstances,” Trichet said in a speech in Tokyo today.
The ECB’s 22-member Governing Council is divided over not only how low to cut borrowing costs but also whether to purchase debt assets to help revive its ailing 16-nation economy. The bank this month cut its benchmark less than economists had forecast, by a quarter point to 1.25 percent, and delayed a decision on new policy tools until its next meeting in May.
“It is important not to create or encourage expectations,” about the May 7 meeting, Trichet said. “Be sure that what we will decide will fully take into account the financing structure of the euro area economy and will be fully in line with our medium-term strategy.”
While Trichet has signaled another quarter-point cut is likely next month, Germany’s Axel Weber said on April 15 he’s against taking the benchmark rate below 1 percent and would prefer not to buy corporate debt. {
}
By contrast, council members George Provopoulos from Greece and Athanasios Orphanides of Cyprus have both indicated they may support cutting the key rate below 1 percent and purchasing debt securities to fight the risk of deflation. { double }
ECB Vice President Lucas Papademos and council member Ewald Nowotny have also spoken in support of asset purchases. { and a ha
}
+ + +
Uncertainty is what it says to me. And that is the one thing markets dislike the most.
April 17 (Bloomberg) -- European Central Bank President Jean-Claude Trichet said any ambiguity in policy direction will delay a recovery from the global financial crisis.
“Any ambiguity in our medium-term policy direction would delay the return of sustainable prosperity, because that would undermine confidence, which is the most precious ingredient in the present circumstances,” Trichet said in a speech in Tokyo today.
The ECB’s 22-member Governing Council is divided over not only how low to cut borrowing costs but also whether to purchase debt assets to help revive its ailing 16-nation economy. The bank this month cut its benchmark less than economists had forecast, by a quarter point to 1.25 percent, and delayed a decision on new policy tools until its next meeting in May.
“It is important not to create or encourage expectations,” about the May 7 meeting, Trichet said. “Be sure that what we will decide will fully take into account the financing structure of the euro area economy and will be fully in line with our medium-term strategy.”
While Trichet has signaled another quarter-point cut is likely next month, Germany’s Axel Weber said on April 15 he’s against taking the benchmark rate below 1 percent and would prefer not to buy corporate debt. {
}By contrast, council members George Provopoulos from Greece and Athanasios Orphanides of Cyprus have both indicated they may support cutting the key rate below 1 percent and purchasing debt securities to fight the risk of deflation. { double
}ECB Vice President Lucas Papademos and council member Ewald Nowotny have also spoken in support of asset purchases. { and a ha
}+ + +
Uncertainty is what it says to me. And that is the one thing markets dislike the most.
- #86,552
- Apr 16, 2009 11:46pm Apr 16, 2009 11:46pm
- | Joined Feb 2009 | Status: Madness has no method. | 1,143 Posts
- #86,553
- Apr 16, 2009 11:47pm Apr 16, 2009 11:47pm
- Joined Mar 2006 | Status: Trade the reaction not the news! | 10,359 Posts
- #86,554
- Apr 16, 2009 11:50pm Apr 16, 2009 11:50pm
- Joined Oct 2007 | Status: Saudi Arabia/Dubai | 3,584 Posts
- #86,555
- Apr 16, 2009 11:51pm Apr 16, 2009 11:51pm
- Joined Sep 2008 | Status: Married - 5 Wives | 14,713 Posts
Can we now officially say bye bye 1.31-1.37 range and welcome 1.25-1.31 range?
Wait, Wait, Wait, ........................................ and then Go.
The Thief of Wall Street
- #86,556
- Apr 16, 2009 11:55pm Apr 16, 2009 11:55pm
Price dynamics still showing slow declining channel with bears attempting a last ditch thrust to break the T/R level @13010. Bears will remain in control as long as the spike upwards is capped below 140pips which if breached will send this pair back to stall/consol mode ( Currently 13420 will bring bulls back to have another shot at making new highs). This is a classic lull before a storm PA which will sometimes tax the patience of most traders into chasing after trades to make up for their unnecessary self induced and very stressful p/l trade 'quota'. This current bearish intraday trend started on April 14 when price hit level 13224 from the high of 13390. So far there is no sign of basing/bottoming signal yet.
This is what I see on the price dynamics on my technical charts using the ever dependable dynamic Fibo couple with one leading, lagging, and mom indicator with some key m/as for m/t trend signals. I dont ana LIES trade setups except to let my charts tell me both the prevailing and s/t PA which will precede any other longer tfs as and when it happens. I have no worry about being in the wrong trade becos I have been using my charts for a long times without having the need/chance to change them.
Just want to share my views on this deceptively easy forex tradings and hope it can help ........
Will only reply if merited.
This is what I see on the price dynamics on my technical charts using the ever dependable dynamic Fibo couple with one leading, lagging, and mom indicator with some key m/as for m/t trend signals. I dont ana LIES trade setups except to let my charts tell me both the prevailing and s/t PA which will precede any other longer tfs as and when it happens. I have no worry about being in the wrong trade becos I have been using my charts for a long times without having the need/chance to change them.
Just want to share my views on this deceptively easy forex tradings and hope it can help ........
Will only reply if merited.
- #86,557
- Apr 16, 2009 11:56pm Apr 16, 2009 11:56pm
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Ak, I've read your post and comments about the pair not dropping.
The longer term frames (D1, W1) show me a further drop.
I'd be curious to hear what you have to say about D1 and W1 charts. If you'd care to have a look, your input would be appreciated and helpful.
That memory thing again...The daily i just posted has my small thought on the matter... it's all in clearing the gold bar right now for me. could be a knife fight and late on a thursday to boot. looks like a "next weeker" for the confirms.
And the weekly? you have way too much confidence in me... that's your baliwick bro.
Here's my monthly tho thats up to date and that i use for big picture referral only. The numbers under the candles are the lows for that month starting with the baseline in yellow. green = higher, red = lower.
The current one is grey and in progress... and no longer valid by a'rd 40 pips as of tonite. Green TL goes Way Back and there we sit... there's only 2 months so far that we managed a Close above the 23% retracement and one of those was only by a'rd 40-50 pips...
Lots of kissin and huggin, not much commitment yet. I really think I stink at Long term anal-isis tho.
FUBAR...
- #86,558
- Apr 16, 2009 11:56pm Apr 16, 2009 11:56pm
- Joined Jul 2007 | Status: Short on USD/MXN, Long on legs | 16,578 Posts
Why are you in such a hurry? Patience.
Wait, Wait, Wait, ........................................ and then Go.
why wait, that last move down brought me back into profit for this week.And I believe its going down more.
New voice message: Why are you calling me? If I need you, I'll call you!
- #86,559
- Apr 17, 2009 12:00am Apr 17, 2009 12:00am
- Joined Aug 2007 | Status: TARFU... | 7,015 Posts
Can we now officially say bye bye 1.31-1.37 range and welcome 1.25-1.31 range?
FUBAR...
- #86,560
- Apr 17, 2009 12:01am Apr 17, 2009 12:01am
- Joined Jan 2008 | Status: HEY! WHA' HAPPENED? | 15,496 Posts
You'll have to help me out here jay, I said it wouldn't drop? Me?
The daily i just posted has my small thought on the matter... it's all in clearing the gold bar right now for me. could be a knife fight and late on a thursday to boot. looks like a "next weeker" for the confirms.
And the weekly? you have way too much confidence in me... that's your baliwick bro.
Here's my monthly tho thats up to date and that i use for big picture referral only. The numbers under the candles are the lows for that month starting...
Not all sins are created equal