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  • #353,541
  • Dec 29, 2010 3:38am Dec 29, 2010 3:38am
Quoting Mr Hatch
if i had to weigh the resistance, i'd say 58-60 is stronger, as there should be more sell-orders around the 50's than the 70's.
right now, i have too many things on my mind that could go wrong in order to enter again.

PTL, you know that if you add '%$' to the fib-level in its setting, it will display the price next to it?

how the hell was I supposed to know that........and thanks brother, makes life easier now, I owe you a cocktail

anyway 3141 is looking key right now,
Look Sharp/Trade Tight
  • #353,542
  • Dec 29, 2010 3:39am Dec 29, 2010 3:39am
Quoting fontu
ok , to me below 80 or 79.76 bottom should not hold much but may start buy at & below 80.80. lets see .
fontu
going off of your tech side of it, I have to say that 'if' it does go to below 81.00, I think it will be within the next session {next 12-36 hours}, below 80.80, IMO it will be stops getting knocked out.

If we break around 80.80 {not sure exact spot at this moment} , I will def. short it from that point & look to buy at 79.75 {low from 90's} & 80.20 {low from 2010} for 'target' of 85.xx.
  • #353,543
  • Dec 29, 2010 3:44am Dec 29, 2010 3:44am
how do you think about this article?


BRUSSELS (Reuters, DS) - China is willing to transfer part of its massive foreign exchange reserves to invest in government bonds of weaker euro countries. But that is not charity.

Investors in January in a crash of the euro have been warned to speculate. Not only the European Union single currency will defend tooth and nail, even wealthy Chinese to help a new speculative attack on the euro area to repel.

"We are ready for the euro area countries to assist the financial crisis to overcome their economic recovery and success. Europe in the future one of our key markets to meet our cash reserves to invest, "said the spokesman of the Chinese Ministry of Foreign Affairs yesterday.

2650 one billion

Beijing's support means in practice that the country both in euros and will continue to buy European bonds. And that's a promise that can count. Since China routinely executes more goods than imports, Brazil has a huge financial firepower. The value of Chinese currency mountain now swollen to 2,650 billion, of which about one quarter in euros.

The chances are high that speculators are becoming in her scratching. "This is a Christmas present for the euro. There are many players speculating on a fall in the euro and a large short position enter the new year. But if you know that the Chinese continue to support the region, as a speculator not want those positions are left, "responded currency traders yesterday.

It is not the first time that the Chinese state that they continue to support the euro countries. In October, Premier Wen Jiabao announced Greek bonds to buy. He also announced major investments in Greece, including in the shipping, the strategic port of Piraeus and tourism.

And last week, the Chinese also promised financial support Portugal. Thus Portuguese newspaper Jornal de Negócios reported recently that the Chinese central bank in the first quarter of 2011 for 4 to 5 billion in bonds to buy Portuguese. That would amount to one third of the financing needed to Portugal in April 2011.

Not charity

The Chinese aid is not charity to Europe: the European Union (EU) is China's largest trading partner. Bilateral trade between the two economic blocs is already 330 billion euros. Beijing therefore has an interest in the economy in the eurozone continues to run well.

Not only because European consumers have more buying power to keep buying Chinese export products, but also because the collapse of the euro area will automatically lead to a series muntdevaluaties. What the Chinese exporters would be hit twice: lower revenues from Europe, and earnings are worth less. And that might well lead to instability within China itself, which Beijing wants to avoid at all costs.

In addition to the Chinese, who until recently, massive foreign exchange reserves were reinvested in U.S. government bonds, in any case less dependent on the dollar and the sharp fluctuations in U.S. currency. Increased investment in the euro area fits perfectly in their diversification strategy.

Trojan Horse

Yet the critics still question whether Europe should be happy now as the Christmas wishes from Beijing. Because hiding behind the Chinese pragmatism in their geopolitical motives are also clear. The more European government bonds in Europe, the Chinese buy up the greater their influence in the countries concerned. Beijing may be able at any time by selling pressure from Greek and Portuguese government bonds.

And that's not the only leverage. With the billions of euros of investment in the Greek merchant fleet and the strategic port of Piraeus - who will be a hub of Chinese exports - the Chinese will soon get a grip on even the most important economic gateways to Europe.

And while many European bedrijven already dependent on Beijing for the supply of rare earth metals - necessary for the production of high technology (DS October 30) - and increasingly strategic companies in Europe in Chinese hands risk.

Think of the recent bid by the mysterious Chinese Xinmao Group in the Dutch kabelmaker Draka, which includes supplying the U.S. military.
SOURCE: http://www.standaard.be/artikel/deta...kelid=QH346KSV (dutch, belgian news)
  • #353,544
  • Dec 29, 2010 3:44am Dec 29, 2010 3:44am
Quoting PayTheLimit
how the hell was I supposed to know that........

anyway 3141 is looking key right now,
closed it, closed it not, closed it, closed it not
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Verily, in every difficulties there is relief
  • #353,545
  • Dec 29, 2010 3:46am Dec 29, 2010 3:46am
Quoting primzvicious
closed it, closed it not, closed it, closed it not

lol, its a bastard, lets see now...
Look Sharp/Trade Tight
  • #353,546
  • Dec 29, 2010 3:59am Dec 29, 2010 3:59am
How awesome would this be if USD/JPY stays range bound for close of 4h!
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  • #353,547
  • Dec 29, 2010 4:08am Dec 29, 2010 4:08am
Quoting PayTheLimit

anyway 3141 is looking key right now,
bulls could not manage a close above, might open the door for a break...
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Look Sharp/Trade Tight
  • #353,548
  • Dec 29, 2010 4:10am Dec 29, 2010 4:10am
Quoting jamanja
how do you think about this article?

The chances are high that speculators are becoming in her scratching.
hmmm
"If The Fool persists in his Folly he will become wise." - William Blake
  • #353,549
  • Dec 29, 2010 4:17am Dec 29, 2010 4:17am
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  • #353,550
  • Dec 29, 2010 4:19am Dec 29, 2010 4:19am
Quoting PayTheLimit
bulls could not manage a close above, might open the door for a break...
bulls, bears? where? its just a whole lotta nothing. Like the song says:

Inserted Video
"If The Fool persists in his Folly he will become wise." - William Blake
  • #353,551
  • Dec 29, 2010 4:19am Dec 29, 2010 4:19am
AUD/USD stalled ...

another potential top, verified at close of 4h bar in 12gmt at around 1.0148,

Capped at 1.0164 for strong trendline, adding to my short.
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  • #353,552
  • Dec 29, 2010 4:20am Dec 29, 2010 4:20am
I´m feelling so uninspired with this PA maybe Hda could post a chart and "inspire the unsinspired"....
For all shorts: caution with 1.3123 Weekly pivot, a brake of this level to downside lead us to 1.31 1.308 again to play the same game I think.

Upside being 1.315 triggering short orders, being brake I have 1.3192 as first resistance hard to break because of 1.32 vicinity.
Good luck you all...
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  • #353,553
  • Dec 29, 2010 4:21am Dec 29, 2010 4:21am
Quoting The Fool
bulls, bears? where? its just a whole lotta nothing. Like the song says:
true that brother....

I am tempted to sell a few...
Look Sharp/Trade Tight
  • #353,554
  • Dec 29, 2010 4:23am Dec 29, 2010 4:23am
Quoting PayTheLimit
bulls could not manage a close above, might open the door for a break...
I entered long at 3145 - a tad early. I think if it reaches 3165 it will probably continue up. Any other opinions on this?
  • #353,555
  • Dec 29, 2010 4:25am Dec 29, 2010 4:25am
short 3124, sl 3150, tp 3090...
Look Sharp/Trade Tight
  • #353,556
  • Dec 29, 2010 4:26am Dec 29, 2010 4:26am
Quoting Rednose
I´m feelling so uninspired with this PA maybe Hda could post a chart and "inspire the unsinspired"....
For all shorts: caution with 1.3123 Weekly pivot, a brake of this level to downside lead us to 1.31 1.308 again to play the same game I think.

Upside being 1.315 triggering short orders, being brake I have 1.3192 as first resistance hard to break because of 1.32 vicinity.
Good luck you all...

though its in a range we need a break with open below h1 at least
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  • #353,557
  • Dec 29, 2010 4:27am Dec 29, 2010 4:27am
Quoting inception
I entered long at 3145 - a tad early. I think if it reaches 3165 it will probably continue up. Any other opinions on this?
I we break 115 forget about 63. More likely to see 093-080
  • #353,558
  • Dec 29, 2010 4:30am Dec 29, 2010 4:30am
Quoting kill56
though its in a range we need a break with open below h1 at least
I got a cluster of levels around 1.315 so I´m short biased but 1.3115 still there and 1.3080 as well...waiting for the break to find a safe entry.
  • #353,559
  • Dec 29, 2010 4:33am Dec 29, 2010 4:33am
as ugly as it may be ...

h&s is forming to be pretty in my eyes ...
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  • #353,560
  • Dec 29, 2010 4:34am Dec 29, 2010 4:34am
Quoting PayTheLimit
lol, its a bastard, lets see now...
Verily, in every difficulties there is relief
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