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  • #325,321
  • Nov 13, 2010 8:02am Nov 13, 2010 8:02am
if this bear develops ill be careful at 3460 .. its a dual #.. that could make me a skyzer.. for a little while.
those who can, do. those who cant, talk about those who can
  • #325,322
  • Nov 13, 2010 8:32am Nov 13, 2010 8:32am
The Republic of Ireland is in preliminary talks with EU officials for financial support, the BBC has learned.
It is now no longer a matter of whether but when the Irish government formally approaches the European Financial Stability Fund (EFSF) for a bailout.
The provisional estimate for EFSF loans is believed to lie between 60bn and 80bn euros ($82-110bn; £51-68bn).


BBC business correspondent Joe Lynam says any bailout would not be agreed this weekend, but might though come as early as next month.


http://www.bbc.co.uk/news/business-11750676




Will euro decrease until Ireland gets money and next year we will go to Portugal
  • #325,323
  • Nov 13, 2010 9:09am Nov 13, 2010 9:09am
Checking my long term chart weekly & monthly , no comment but waiting for more action.
fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #325,324
  • Nov 13, 2010 9:12am Nov 13, 2010 9:12am
Quoting malcolmb14
why boast ?? after the failure top after fomc at 4160 was the easiest trade in the world....
7881....
  • #325,325
  • Nov 13, 2010 9:50am Nov 13, 2010 9:50am
nice that would support the euro nicely... for now anyway

2hr chart is showing a little bit of buy interest and as stated in my post of daily IF we get above 1.3740 I will be looking to buy dips

there has been considerable buying in the 1.3650 area as shown on this 2 hour , just fridays chart showed potential supply still in the market.

even the rumour of Ireland in bail out talks may push euro up but with this news on the table euro is going to be very volatile both ways .

1.3740 is where the supply showed up on Friday ... this is why I talk about buy dips above this.

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Quoting Eren10
The Republic of Ireland is in preliminary talks with EU officials for financial support, the BBC has learned....
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  • #325,326
  • Nov 13, 2010 10:04am Nov 13, 2010 10:04am
“The focus is all on the periphery,” said Aroop Chatterjee, a currency strategist at Barclays Plc in New York. “The issues of the euro zone have come back on the front burner. There was very little conviction in euro buying to begin with, and now there’s less of a reason.”

The 16-nation currency dropped 2.4 percent to $1.3691, the biggest weekly loss since Aug. 13. It more than erased a 0.6 percent advance it made the previous week.

The euro weakened as the extra yield investors demand to hold 10-year Irish and Portuguese government bonds instead of benchmark German bunds widened to records and data showed Europe’s biggest economies are slowing.

The yield difference, or spread, between Irish 10-year securities and comparable bunds reached 652 basis points, or 6.52 percentage points, the highest ever. The spread on 10-year Portuguese notes and bunds rose to a record 484 basis points.

blmbrg
  • #325,327
  • Nov 13, 2010 10:22am Nov 13, 2010 10:22am
Quoting mfoste1
crazy chart, target 7881 slip is 7846....something to think about. Its even wilder than gators target

mirror image inverted W....waves work out nicely, perfectly balanced. The current reversed 3 drive pattern we are in is more compressed than the first one hence the sharper moves. Time and PA intersect January 2013....

[b]Something very interesting happened today that helps fundies fall into place. POMO took place and bond yeilds ROSE instead of falling, while equities and commodities sold off. This is very important to note this...
Chart is crazy: both you and gator, should work for Fed Reserve

promotion team.. Higher EU goes lower prices you guys pull out of your

hair. " while equities and commodities sold off". They indeed sold off

but from what level to were. You're talking like OIL drop to $30 or

something. They sold off simply based on possibly another Chinese rate

hike, well check previous hike and see how long dollar was up on that

news, just few days, before it's been dumped again.

US Dollar going much lower. Devaluation just started.
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  • #325,328
  • Nov 13, 2010 10:25am Nov 13, 2010 10:25am
Quoting Barata

The yield difference, or spread, between Irish 10-year securities and comparable bunds reached 652 basis points, or 6.52 percentage points, the highest ever. The spread on 10-year Portuguese notes and bunds rose to a record 484 basis points.
blmbrg
If Ireland will be bailed out by IMF/ECB same as Greece, EU will go through

the roof.
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  • #325,329
  • Nov 13, 2010 10:32am Nov 13, 2010 10:32am
Quoting SkyzerFX
If Ireland will be bailed out by IMF/ECB same as Greece, EU will go through

the roof.

well thats not what imf is saying....

http://www.reuters.com/article/idUSTRE6AC1JP20101113
  • #325,330
  • Edited 10:49am Nov 13, 2010 10:35am | Edited 10:49am
Quoting SkyzerFX
Chart is crazy: both you and gator, should work for Fed Reserve

promotion team.. Higher EU goes lower prices you guys pull out of your

hair. " while equities and commodities sold off". They indeed sold off

but from what level to were. You're talking like OIL drop to $30 or

something. They sold off simply based on possibly another Chinese rate

hike, well check previous hike and see how long dollar was up on that

news, just few days, before it's been dumped again....
My Skyzer Contrarian Index just ticked another notch into the sell zone. I find it particularly interesting that you don't seem to think it is even noteworthy that despite 10 Billion being injected into the market friday to bolster risk, the market still couldn't close green. At a minimum, I would think you would be at least cautious with your assertions.
  • #325,331
  • Nov 13, 2010 11:15am Nov 13, 2010 11:15am
Quoting SkyzerFX
If Ireland will be bailed out by IMF/ECB same as Greece, EU will go through

the roof.
not once germany leaves the euro it won't be .. 0.8 .. 0.8...lol

Germany supports the whole eurozone. I would pull out if I were them back to the Mark ...
Blogging daily now at www.volume.zone
  • #325,332
  • Nov 13, 2010 11:17am Nov 13, 2010 11:17am
Quoting mfoste1
well thats not what imf is saying....

http://www.reuters.com/article/idUSTRE6AC1JP20101113
that supply that hit eu on the bail out ireland news at 1.3750 Friday also says smart money is with IMF lol 1.3640 breaks this week say hello 1.3300 for end of week

at this point though eu has rounded bottom , so could be very choppy
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  • #325,333
  • Nov 13, 2010 11:23am Nov 13, 2010 11:23am
pretty bullish , very nice test in an up trend right under resistance 78.5 ....

this says breaks taking euro down into 1.33 sky .... maybe lower.

as long as 1.3750 holds is is sell all rallies.
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  • #325,334
  • Nov 13, 2010 11:56am Nov 13, 2010 11:56am
Quoting malcolmb14
this says breaks taking euro down into 1.33 sky .... maybe lower.
I refuse to take this into consideration. US Dollar has ( -5) reasons to

get any stronger.. I cannot find any single one. Benny the only

one so far, Doing QE in such amounts and by the way, I'm pretty sure

that this is only start.. QE's by FED will go on regular basis and in much

higher amounts. US already Beyond the Point of No Return.

I'm going to just watch that FED Agonizing show.. Dollar to 50 on Index

in 5 years, if it's even going to be on the map by then.. Protect yourself from

those maniacs..
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  • #325,335
  • Nov 13, 2010 12:04pm Nov 13, 2010 12:04pm
lol.... you got to ask yourself which is better

usd ,GBP , or euro

they are all crap , each with their own issues. UK do not get me started on that . The government drove me out of that country 20 years ago with their willingness to share everything with anyone who wants to come. My Dad told me about a very nice lady from Afghanistan with refuge status living in a 10,000 gbp per week house in the centre of london paid for by the Government (welfare) and all she did is moan that the house she had in Afghanistan was bigger and better. Now if I was PM she would have been on the next plane out of there back to her precious Afghanistan lol. The average working man ( middle class ) cannot afford to live in Central London so why should she. I have es school friends over there that own their own houses now BUT have never had a a tax paying job in their lives .. lived on welfare all their lives and managed to do enough under the radar jobs to buy a house with CASH...must be nice when you have no living expenses.

this is just one case or many. All or most of the central London residences are government housing , at huge costs to the tax payer each year , mostly full of immigrants. Yet most talk about the US being messed up . !!!

Germany is the powerhouse of europe , unemployment low an industrious well run country. If I they left euro and went to Mark I know what all my money would be converted to .

lol .. and the charts do not lie ever Sky

4 hr test on dx says breakout 78.5 next week and that takes euro down to 1.33

Quoting SkyzerFX
I refuse to take this into consideration. US Dollar has ( -5) reason to

get any stronger.. I cannot find any single one. Benny the only

one so far, Doing QE in such amounts and by the way, I'm pretty sure

that this is only start.. QE's by FED will go on regular basis and in much

higher amounts. US already Beyond the Point of No Return.

I'm going to just watch that FED Agonizing show.. Dollar to 50 on Index

in 5 years, if it's even going to be on the map.. Protect yourself from

those maniacs..
Blogging daily now at www.volume.zone
  • #325,336
  • Nov 13, 2010 12:05pm Nov 13, 2010 12:05pm
hey guys,

quick question

I have an open trade (EU) this weekend... I set SL and TP..

market closed @ 3690 and is now @ 3661

lets say my TP was @ 3670

after this weekend move, if the market opens @, lets say, 3710, would my trade still be opened or would it have been closed by the TP?
  • #325,337
  • Nov 13, 2010 12:16pm Nov 13, 2010 12:16pm
Quoting cunha
hey guys,

quick question

I have an open trade (EU) this weekend... I set SL and TP..

market closed @ 3690 and is now @ 3661

lets say my TP was @ 3670

after this weekend move, if the market opens @, lets say, 3710, would my trade still be opened or would it have been closed by the TP?
A retail broker that stops your price feed over the weekend should close your trade at the first available price on open, so if your SL or TP is at 3670 and your broker opens at 3690, the price used for your stop will be 3690.

Some brokers out there may act differently, the answer should be found in your broker's T&C, that should be your only source of information.
  • #325,338
  • Nov 13, 2010 12:17pm Nov 13, 2010 12:17pm
IF your broker is open on the weekend then your TP would be hit but most brokers shut down on the weekend. So even if price goe to 1.3650 on the weekend and then back to 1.3700 by Sunday when your broker opens your tp would not have been filled

If you are in a sell do not worry about it. Plenty of supply hit the market 1.3750 on Friday ... loads of sellers in the market at that level.

Quoting cunha
hey guys,

quick question

I have an open trade (EU) this weekend... I set SL and TP..

market closed @ 3690 and is now @ 3661

lets say my TP was @ 3670

after this weekend move, if the market opens @, lets say, 3710, would my trade still be opened or would it have been closed by the TP?
Blogging daily now at www.volume.zone
  • #325,339
  • Nov 13, 2010 12:18pm Nov 13, 2010 12:18pm
Listen what man has to say about this

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  • #325,340
  • Nov 13, 2010 12:33pm Nov 13, 2010 12:33pm
Based on price action, I am seeing 132 & 130 in play in a matter of 4-8 weeks.
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