i don't know a single person who wouldn't immediately go to church and light a candle if we got our beloved dmark back
- #215,262
- Mar 23, 2010 9:16pm Mar 23, 2010 9:16pm
- | Joined Dec 2006 | Status: o_O | 1,511 Posts
I reckon germany not bailing out (or at least postponing) greece because all this uncertainty makes euro weaker (or so we led to believe that) which helps german exporters alot.
Greece is only 3% of Eu economy and it has defaulted several times in the past and the world is still spinning. Ok this time around the outcome of greek situation will set expectations for other troubled countries but if you think about it if all those other countries (spain ireland and so on) start defaulting that would ruin european union in reputation and finance wise it would scar it alot.
So my take on EU 1.3360/1.3450 is a key level to watch out for. I think what is happening now is shakeout of any weak longs, they may even stage false breakout to the downside just to get as many big stops a possible and buy into them. So if we see a sprike down and then return back up i;d be more inclined to go long until at least 1.4 area perhaps even 1.43/45.
This current daily setup does look alot like december last year so if people see that and price starts breaking out they will jump in to sell, however from past experience when you see very similar setups (which are also very obvious) 2nd times round the outcome is usually completely opposite. In december last year there werent so many negative EU related news (thats why it went down)
)
anyways gl all, trade safely and remember MM is the key!
Greece is only 3% of Eu economy and it has defaulted several times in the past and the world is still spinning. Ok this time around the outcome of greek situation will set expectations for other troubled countries but if you think about it if all those other countries (spain ireland and so on) start defaulting that would ruin european union in reputation and finance wise it would scar it alot.
So my take on EU 1.3360/1.3450 is a key level to watch out for. I think what is happening now is shakeout of any weak longs, they may even stage false breakout to the downside just to get as many big stops a possible and buy into them. So if we see a sprike down and then return back up i;d be more inclined to go long until at least 1.4 area perhaps even 1.43/45.
This current daily setup does look alot like december last year so if people see that and price starts breaking out they will jump in to sell, however from past experience when you see very similar setups (which are also very obvious) 2nd times round the outcome is usually completely opposite. In december last year there werent so many negative EU related news (thats why it went down)
)anyways gl all, trade safely and remember MM is the key!
- #215,263
- Mar 23, 2010 9:16pm Mar 23, 2010 9:16pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
i don't know a single person who wouldn't immediately go to church and light a candle if we got our beloved dmark back
Doing what you like is Freedom. Liking what you do is Happiness.
- #215,266
- Mar 23, 2010 9:22pm Mar 23, 2010 9:22pm
- Joined Oct 2007 | Status: Counter Trend, but not always! | 2,147 Posts
You joking, right..
Look at 15M and 30M chart. It really was .. at least London session. I admit that the start of NY session was noisy but nobody expects anything else from the market at that time.
Discipline + Patience - Fear - Greed = Success
- #215,267
- Mar 23, 2010 9:22pm Mar 23, 2010 9:22pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
- #215,268
- Mar 23, 2010 9:26pm Mar 23, 2010 9:26pm
I reckon germany not bailing out (or at least postponing) greece because all this uncertainty makes euro weaker (or so we led to believe that) which helps german exporters alot.
Greece is only 3% of Eu economy and it has defaulted several times in the past and the world is still spinning. Ok this time around the outcome of greek situation will set expectations for other troubled countries but if you think about it if all those other countries (spain ireland and so on) start defaulting that would ruin european union in reputation and finance wise...
- #215,271
- Mar 23, 2010 10:06pm Mar 23, 2010 10:06pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
... uneventful night so far, however Im eyeing the good ole pound. 
... must find out what the lemmings are up to before I can place a decent trade.
- #215,275
- Mar 23, 2010 10:38pm Mar 23, 2010 10:38pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #215,276
- Mar 23, 2010 10:42pm Mar 23, 2010 10:42pm
- Joined Nov 2009 | Status: Thx G, Malc, D55, Fontu & Hatch | 3,196 Posts
Our rounding bottom is almost gone. Daily and weekly charts...
- #215,277
- Mar 23, 2010 10:48pm Mar 23, 2010 10:48pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #215,279
- Mar 23, 2010 10:55pm Mar 23, 2010 10:55pm
- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
round bottom and those dojis on the week were good reversal signals or big rejection bounce. as well as the crap i told sky a few hours ago. this just may be one of those times they dont work. those signals dont take into account intervention.
Doing what you like is Freedom. Liking what you do is Happiness.