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  • #326,901
  • Nov 16, 2010 11:02am Nov 16, 2010 11:02am
Quoting gatorinla
forget about your indis today
Agreed. Look at S/R levels and TL's only... we are falling off a cliff here. I meant to go short last night around 12:00 am EST... ooopsie. It will come back, but when and where are the questions to ask...
  • #326,902
  • Nov 16, 2010 11:14am Nov 16, 2010 11:14am
Although the Irish PM is currently talking, he's not giving many details, and appears to be stubbornly in denial on needing support, as if they will have more money on hand when they actually do run out of money next year - gotta give credit to the markets for their concern here.

WSJ also reports

Two plans being discussed (from forexlive.com) -
One package is between EUR 80 and 100 bln while a second is a smaller plan targeting the banking sector. The euro zone wants the UK and the IMF to contribute, according to the Journal.


Don't know what the logic on the UK contribution is - can't imagine that flying any better than with the Austrians & Greeks. IMF bailout should be euro positive for a bit. Anyone who wants to be a fly in the Irish parliament can do so live here: http://www.rte.ie/player/#l=7

In case you haven't seen my archived high-level euro mess map, have a gander - this is only a portion. Notice the sizes of the circles, the amounts, the countries they represent, and the rollout sequence so far ... the biggies are to come. And it ain't gonna end well.
Attached Image (click to enlarge)
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  • #326,903
  • Nov 16, 2010 11:16am Nov 16, 2010 11:16am
Quoting cloggie
Ireland has not and will not apply for bailout facility.

They are fully funded till middle of 2011 and reckon they can handle it themselves.
I guess the British have some interest on irish economy since england has some investements on irish banks
  • #326,904
  • Nov 16, 2010 11:18am Nov 16, 2010 11:18am
3497 needs to be broken for a further upside
  • #326,905
  • Nov 16, 2010 11:19am Nov 16, 2010 11:19am
Thanks for the very good info. It will be interesting to know how the private bank holdings in sovereign debt also interrelate ... ' cause the Swiss will go down too.

I agree, from what I am hearing, it sounds very unconvincing, and staying on the limbo will be the worst. All markets taking a severe beating today, they need something stronger from the politicians.

sisse

Quoting Beljevina
Although the Irish PM is currently talking, he's not giving many details, and appears to be stubbornly in denial on needing support, as if they will have more money on hand when they actually do run out of money next year - gotta give credit to the markets for their concern here.

WSJ also reports[indent]Two plans being discussed (from forexlive.com) -...
Pending conversations? PM for a chat...I am mainly in OTM now
  • #326,906
  • Nov 16, 2010 11:21am Nov 16, 2010 11:21am
Quoting Beljevina
Don't know what the logic on the UK contribution is -
Mainly because the AIB and BOI operate in the UK and have lost quite a bit on bad housing/commercial real estate lending both in Ireland and the UK.
  • #326,907
  • Nov 16, 2010 11:23am Nov 16, 2010 11:23am
Quoting fibonaccifan
I guess the British have some interest on irish economy since england has some investements on irish banks
not just them... the swiss are quiet... but they are full of irish debt..
those who can, do. those who cant, talk about those who can
  • #326,908
  • Nov 16, 2010 11:24am Nov 16, 2010 11:24am
we are finally basing ...waiting for it to be a little clear
  • #326,909
  • Nov 16, 2010 11:24am Nov 16, 2010 11:24am
Quoting Mr Hatch
thanks again.

i'm unfortunately sidelined for now.
Hi Mr. Hatch,

hope you are well.

I am on the sideline too. Touched 3 times the falling knife and was stopped out. Only one try left for today. I wait till 15min MACD turns.....

Best to you,

Markus
  • #326,910
  • Nov 16, 2010 11:25am Nov 16, 2010 11:25am
Quoting Beljevina
[..] Anyone who wants to be a fly in the Irish parliament can do so live here: http://www.rte.ie/player/#l=7
Thanks for that link CNBC sucks with all those ads.
  • #326,911
  • Nov 16, 2010 11:26am Nov 16, 2010 11:26am
Quoting paulg
CNBC sucks with all those ads.

CNBC sucks without the ads.
  • #326,912
  • Nov 16, 2010 11:26am Nov 16, 2010 11:26am
Quoting Beljevina
Hey Geppy, Good to see you around! You expecting a bounce here? Due to fundies? We keep breakin' important tech level after important level, in approx 50 pip increments ... can't deny that this whole euro-confusion is a great way to stimulate exports, along with the sterling's fall. BTW, French banks are dumping euros big time ... kind of like inadvertent cannibalization if you ask me!

A bounce could happen if the IMF steps up to Ireland & others ... they're always happy to build up their "we own your ass" repertoire! Otherwise, hard to say...
Honestly not sure. I haven't been looking at charts yet (hopefully tonight).

Like I said, I haven't had time fore any FX lately but I'll hopefully be able to get back into it in the next couple weeks.

Good to see you around too.
check out my blog: forexmademillionaire dot com
  • #326,913
  • Nov 16, 2010 11:27am Nov 16, 2010 11:27am
Quoting infinitus
Hi Mr. Hatch,

hope you are well.

I am on the sideline too. Touched 3 times the falling knife and was stopped out. Only one try left for today. I wait till 15min MACD turns.....

Best to you,

Markus
hi markus,
i'm awfully fine, the sun is shining from my ass, account-wise. 3650 didn't get filled and an earlier tp got hit at 3570... that's unfortunate, but there are worse things.

the bad news is that there appear to be guys providing backdoors on this forum. take care what you look at when posted as a link.
  • #326,914
  • Nov 16, 2010 11:27am Nov 16, 2010 11:27am
be safe people.. you have people trying to get in your systems among us.
those who can, do. those who cant, talk about those who can
  • #326,915
  • Nov 16, 2010 11:28am Nov 16, 2010 11:28am
Lets see if we can get any bit of a foot hold here.
  • #326,916
  • Nov 16, 2010 11:28am Nov 16, 2010 11:28am
Quoting cloggie
CNBC sucks without the ads.
yup but ... I would save Rick Santelli.
  • #326,917
  • Nov 16, 2010 11:32am Nov 16, 2010 11:32am
Quoting Freddyfx
Munal.

Don't worry about it.

I strongly believe you did not intend to cause anybody harm and knowing what I do at this moment about computers, it will have come from another source, but SOOO easy to kick your ass.

..............and then people ask why so many good traders are not posting the real stuff here anymore.

I am one of them.
I don't post my material on the internet NOWHERE.
I have a f....g good working system, make my pips easily every day.

An always returning subject when I chat with my buddy Cobra on Skype.

AND

am...
Thanks for the support more or less will just watch the thread for idea what other thinks.......
One last chart fighting for the break although have protected the trade with +100 pips +broker spread......
My target is the below ....... but not today will check for another opportunity if out........
Attached Image (click to enlarge)
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  • #326,918
  • Nov 16, 2010 11:32am Nov 16, 2010 11:32am
Quoting Merry
Gone Long

Targeting

697


Lemme guess, out at BE again?
  • #326,919
  • Nov 16, 2010 11:33am Nov 16, 2010 11:33am
Quoting Mr Hatch
hi markus,
i'm awfully fine, the sun is shining from my ass, account-wise. 3650 didn't get filled and an earlier tp got hit at 3570... that's unfortunate, but there are worse things.

the bad news is that there appear to be guys providing backdoors on this forum. take care what you look at when posted as a link.
all you need is a link scanner....if the link is bad it will reject..no more links people if it is news paste the whole news on the forum
  • #326,920
  • Nov 16, 2010 11:33am Nov 16, 2010 11:33am
Quoting cloggie
Mainly because the AIB and BOI operate in the UK and have lost quite a bit on bad housing/commercial real estate lending both in Ireland and the UK.
You're right ... didn't completely remember all that.

Reminds me of the Icelandic bailout and 'deal' that the UK cut, indebting every Icelander by tens of thousands of dollars for mistakes they had nothing to do with ... funny how the UK is in as much trouble as it is, and yet their citizens and politics reached so far beyond their borders, spreading further economic downfall.
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grumpy1992