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Technical Analysis Fallacy

  • #21,701
  • Jan 11, 2011 6:15am Jan 11, 2011 6:15am
Quoting Fana
Imho, do you think that EU citizens do any decisions?
Sorry Fana, I do not know what this means.
  • #21,702
  • Jan 11, 2011 6:18am Jan 11, 2011 6:18am
Quoting fti
hi Gefx,
i think the picture is much bigger than that.
not withstanding that china has trade intrest , probably ussr and cetain parts of arab communities. but they most certainly need get their political house in shape.

regards.
Hi fti. I understand your point, but how long will China, Russia, and OPEC be willing to underwrite the less productive euro members, or extend their balance sheets to protect Germany and France?

I am long the E/$ now and protecting my entry. Good trading all.
  • #21,703
  • Jan 11, 2011 6:36am Jan 11, 2011 6:36am
Quoting GEfx
Hi fti. I understand your point, but how long will China, Russia, and OPEC be willing to underwrite the less productive euro members, or extend their balance sheets to protect Germany and France?

I am long the E/$ now and protecting my entry. Good trading all.
No answers to those questions.
Professionally i just trying gauge what the risk of default is.
Politics , like relationships, there are much variables intertwined and can change in a blink of the eye.

regards
  • #21,704
  • Jan 11, 2011 6:40am Jan 11, 2011 6:40am
Quoting fti
No answers to those questions.
Professionally i just trying gauge what the risk of default is.
Politics , like relationships, there are much variables intertwined and can change in a blink of the eye.

regards
LOL -- if I can't trade it, it's just stimulating converation for me! Back to my E/$ trade.
  • #21,705
  • Edited 6:54am Jan 11, 2011 6:44am | Edited 6:54am
Quoting GEfx
LOL -- if I can't trade it, it's just stimulating converation for me! Back to my E/$ trade.
You were talking about workers. They dont participate in decision process abou EU. And elections here? First we have to feed a cat and maybe then... some elections omg...
Here it is a little different from expensive huge votes in the US... People here mostly dont feel responsibility...
The biggest worry, which i thing define problems of EU is,(i am very afraid), that instead of TRADERS, there in EU banx will be trading PROFESSORS of economy. No practise... And this is universal in EU. In this we very differ from US. And i envy US their attitude very much!
regards
  • #21,706
  • Jan 11, 2011 6:57am Jan 11, 2011 6:57am
Quoting Fana
You were talking about workers. They dont participate in decision process abou EU. And elections here? First we have to feed a cat and maybe then... some elections omg...
Here it is a little different from expensive huge votes in the US... People here mostly dont feel responsibility...
The biggest worry, which i thing define problems of EU is, that i am very afraid, that instead of TRADERS, there in EU banx will be trading PROFESSORS of economy. No practise... And this is universal in EU. In this we very differ from US. And i envy US their attitude...
The only thing enviable about US is their ability to freely print $$$s. BUT this cannot continue much longer... the EU turmoil will seem like a small ripple once US problems resurface...
  • #21,707
  • Jan 11, 2011 7:02am Jan 11, 2011 7:02am
Quoting Vourvoul
The only thing enviable about US is their ability to freely print $$$s. BUT this cannot continue much longer... the EU turmoil will seem like a small ripple once US problems resurface...
Hi Vourvoul. Let me disagree. American ideals are powerfull. Much then Europeans. They are dragons, we are now hardly foxes.
  • #21,708
  • Jan 11, 2011 7:05am Jan 11, 2011 7:05am
Quoting Fana
Hi Vourvoul. Let me disagree. American ideals are powerfull. Much then Europeans. They are dragons, we are now hardly foxes.

We just have to agree to disagree... as for dragons I'd look further to the east!
  • #21,709
  • Jan 11, 2011 7:07am Jan 11, 2011 7:07am
Quoting Vourvoul
We just have to agree to disagree... as for dragons I'd look further to the east!
. Yes. I like Chinese noodle also like lasagne or hamburger. Currently coffeeee..
  • #21,710
  • Jan 11, 2011 7:08am Jan 11, 2011 7:08am
short scouts e 12953
  • #21,711
  • Jan 11, 2011 7:08am Jan 11, 2011 7:08am
40% of UK conservative party voters identify the UKIP(nigel farage's party) as the party they identify with the most. however they probably don't vote for them due to the taboo of a far right party these days. this may change and UKIP may become mainstream. UKIP believes for UK to go the switzerland way. The so called UK conservative party is little more than a centre right party.
  • #21,712
  • Edited 7:23am Jan 11, 2011 7:13am | Edited 7:23am
Portuguese yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default. ...bloomberg

L1,L2 sold e

http://www.bloomberg.com/news/2011-0...ro-credit.html
  • #21,713
  • Jan 11, 2011 7:15am Jan 11, 2011 7:15am
IMF "Experts" have claimed portugal doesn't need a bailout. Based on their track record, it can be safely assumed that portugal needs a bailout real bad

As of yesterday, german CDS trade at 40bps, Portugal at 550. that is pretty much junk status. the best banks like JPmorgan trade at 90bps.
  • #21,714
  • Jan 11, 2011 7:24am Jan 11, 2011 7:24am
Quoting fti
Portuguese yields may be rising to levels that force the nation to follow Greece and Ireland in requesting a bailout from the European Union and the International Monetary Fund to avert default. ...bloomberg

L1,L2 sold e
I have exited my short scout. much too indecisive.
  • #21,715
  • Jan 11, 2011 7:25am Jan 11, 2011 7:25am
Hi Friends,

was out for family lunch.
A lot of political discussion going on here.

I can only express my view on EURO problems, and that is a quite simple one:

All European nations know, that there is no way to survive (economically and politically) without the single european currency. And there is no alternative to the EURO-Zone itself. So - as most of the times in the past - a solution will be found. But also - as always - the level of pain hast to become much stronger, till EU nations feel forced to do so ...

Well - I have baught a good amount of physical gold 2 years ago.
But I'm also sure that the children of my 3 year old son will still pay in EURO for their toys :-)

Just my 2 cents.

Niels
  • #21,716
  • Jan 11, 2011 7:26am Jan 11, 2011 7:26am
Since Niels is still having his lunch let me his delivery boy to update on the news

LONDON, Jan 11 (IFR) - Talk in the London market of a sizeable Asian central bank buy order helping to carve out the recent 1.2982 high just as the North American market got going. The subsequent drop down to 1.2950 looks to be ECB fix related as the 13:15 GMT set time passes. Also worth noting that there is a large 1.2950 option expiry for today's New York cut and this might be having some early influence over EUR/USD. [email protected]
Copyright 2011 Thomson Reuters - IFRMarkets
"Thinking Heart & Feeling Brain"
  • #21,717
  • Jan 11, 2011 7:28am Jan 11, 2011 7:28am
Quoting Sylar
Since Niels is still having his lunch let me his delivery boy to update on the news

LONDON, Jan 11 (IFR) - Talk in the London market of a sizeable Asian central bank buy order helping to carve out the recent 1.2982 high just as the North American market got going. The subsequent drop down to 1.2950 looks to be ECB fix related as the 13:15 GMT set time passes. Also worth noting that there is a large 1.2950 option expiry for today's New York cut and this might be having some early influence over EUR/USD. [email protected]...
Thanx!
  • #21,718
  • Jan 11, 2011 7:30am Jan 11, 2011 7:30am
Quoting MaMood

Well - I have baught a good amount of physical gold 2 years ago.
But I'm also sure that the children of my 3 year old son will still pay in EURO for their toys :-)
The real question is, in what currency will his children or him be buying gold?
  • #21,719
  • Jan 11, 2011 7:31am Jan 11, 2011 7:31am
Quoting Sylar
Since Niels is still having his lunch let me his delivery boy to update on the news

LONDON, Jan 11 (IFR) - Talk in the London market of a sizeable Asian central bank buy order helping to carve out the recent 1.2982 high just as the North American market got going. The subsequent drop down to 1.2950 looks to be ECB fix related as the 13:15 GMT set time passes. Also worth noting that there is a large 1.2950 option expiry for today's New York cut and this might be having some early influence over EUR/USD. [email protected]...
where on earth do you get this news fix sylar? sounds like the premium reuters feed or something. thanks for the post though
  • #21,720
  • Jan 11, 2011 7:32am Jan 11, 2011 7:32am
Quoting Vourvoul
The real question is, in what currency will his children or him be buying gold?
damn. we really need the renminbi yuan to go free float. there need to be more stable currencies floating around.
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