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EURUSD

  • #367,161
  • Jan 18, 2011 10:44am Jan 18, 2011 10:44am
Quoting rashygomez
seriously guys, what u saying about the double top on daily??
nobody?
  • #367,162
  • Jan 18, 2011 10:47am Jan 18, 2011 10:47am
Quoting -nate-dogg-
Thanks.

GL with KK at the helm.
cheers
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Thank You
  • #367,163
  • Jan 18, 2011 10:48am Jan 18, 2011 10:48am
Quoting rashygomez
nobody?
i don't see one
Thank You
  • #367,164
  • Jan 18, 2011 10:49am Jan 18, 2011 10:49am
normally i dont just post news, but this is one is funny, saw it on forexlive linking to ft.com

http://ftalphaville.ft.com/blog/2011...euro-printing/
  • #367,165
  • Jan 18, 2011 10:49am Jan 18, 2011 10:49am
+111 (10 x 12 ) -9

mtd +956
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" Never let the past hold the future to ransom "
  • #367,166
  • Jan 18, 2011 10:52am Jan 18, 2011 10:52am
hand count for bull bear.... below/above 3389 7m
those who can, do. those who cant, talk about those who can
  • #367,167
  • Jan 18, 2011 10:53am Jan 18, 2011 10:53am
EUR/USD

1.3800 - 300million
1.3500 - 250million
1.3300 - 200million
1.3100 - 250million
1.3000 - 450million

Forex Factory Members & Guests - Im off to the beach, nothing more to see here.

I still have to be patient for my entry short.

Congratulations to the green pip traders today and red pip traders, hang in there.
  • #367,168
  • Jan 18, 2011 10:54am Jan 18, 2011 10:54am
Quoting alexxi
normally i dont just post news, but this is one is funny, saw it on forexlive linking to ft.com

http://ftalphaville.ft.com/blog/2011...euro-printing/
Thanks, thats a very good point. Very strong point but hidden from the mainstream news like always.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #367,169
  • Jan 18, 2011 10:56am Jan 18, 2011 10:56am
Quoting wormboy
i don't see one
great.
  • #367,170
  • Jan 18, 2011 10:58am Jan 18, 2011 10:58am
Quoting sisse
Thanks, thats a very good point. Very strong point but hidden from the mainstream news like always.

sisse
if this was on mainstream news , it would have been interesting...
no more debt problems, spain and portugal printing money in the basement ....
  • #367,171
  • Jan 18, 2011 11:01am Jan 18, 2011 11:01am
Quoting Gleneagles
+111 (10 x 12 ) -9

mtd +956
Well done Gleneagles

I actually tried the 12 pip theory yesterday afternoon when PA got real slow. It worked but with the range being tight you had to have a good entry to even get 12 pips. Had 2 shorts that took over 3 hours to hit my TP! That was painful.

Thanks for sharing
  • #367,172
  • Jan 18, 2011 11:02am Jan 18, 2011 11:02am
Quoting alexxi
normally i dont just post news, but this is one is funny, saw it on forexlive linking to ft.com

http://ftalphaville.ft.com/blog/2011...euro-printing/

This is typical of the free news feeds getting it wrong and creating a story out of nothing. The 20Bn on the ECB books for the December statement I had referred to back before Christmas. The ECB and the seperate CB's do not print money in the true sense of the word, they buy debt, mostly their own then the week/month after remove deposits through an auction to desensitise the purchases, that's why the 20Bn, which was a shortfall right before Christmas (go back over my posts) was subsequently removed from the balance sheet and the auction to remove deposits last week took care of that, with the succesful subsequent removal of further debt purchases. QE in the EU works differently then it does in the US as the ECB has no fiscal mandate.

So Forexlive is making something out of nothing. There is nothing wrong with the Irish CB buying up debt and subsequently removing deposits the next week/month to balance the books, this has been going on since the first round of debt purchases back in June. Today the ECB was the major buyer of Spanish debts, keeping the yield down, next week they will auction the removal of deposits to balance the books.

The EU does not print money, it recycles debt into removal of deposits from commercial institutions, what it does do is make a profit on it as it will write higher yields to Greece and Ireland as part of the bailout then it pays on the peripheral debt of Spain, Portugal and Italy.

So all a bit of a red herring really, this construction has been used since QE started in the EU.

Take anything you read on these freebie sites as out of date and usually a bit of the mark.

But heh, they make money out of advertising, so a story going a bit viral does wonder for the site visits.
  • #367,173
  • Jan 18, 2011 11:05am Jan 18, 2011 11:05am
Short USD/CHF 0.9635

well see
Mind over matter..I don't mind and you don't matter.
  • #367,174
  • Jan 18, 2011 11:05am Jan 18, 2011 11:05am
the pair has been hanging around here for a long time...does this signify the end of the north move or a retracement (big/small) to usher in move north chooochooo? or done and thus turning south ward
Gat? anyone....
  • #367,175
  • Jan 18, 2011 11:08am Jan 18, 2011 11:08am
Quoting cloggie
This is typical of the free news feeds getting it wrong and creating a story out of nothing. The 20Bn on the ECB books for the December statement I had referred to back before Christmas. The ECB and the seperate CB's do not print money in the true sense of the word, they buy debt, mostly their own then the week/month after remove deposits through an auction to desensitise the purchases, that's why the 20Bn, which was a shortfall right before Christmas (go back over my posts) was subsequently removed from the balance sheet and the auction to remove...
Valid point Cloggie, but first it wasn't on foresxlive as source but in the Financial Times (which really doesn't say much either but add a little bit of depth on the reports) and second this bit is what i found interesting "...Falling on the asset side, and not balancing out, means the fine-tuning operation was not intended to sterilise the Securities Market Programme (a liquidity absorbing operation) as other fine-tuning operations specifically have. It was instead a liquidity providing imbalance."

Which in simple words implies "printing money" (from a strictly monetary policy is not adding M1 or M2 but still the same impact at the end) that goes hand to hand with ECB inflationary hints last week.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #367,176
  • Jan 18, 2011 11:09am Jan 18, 2011 11:09am
Quoting cloggie
This is typical of the free news feeds getting it wrong and creating a story out of nothing. The 20Bn on the ECB books for the December statement I had referred to back before Christmas. The ECB and the seperate CB's do not print money in the true sense of the word, they buy debt, mostly their own then the week/month after remove deposits through an auction to desensitise the purchases, that's why the 20Bn, which was a shortfall right before Christmas (go back over my posts) was subsequently removed from the balance sheet and the auction to remove...
reading reading. starting with the article and yours and will look back.

this will be my learning fix for today
  • #367,177
  • Jan 18, 2011 11:09am Jan 18, 2011 11:09am
Quoting JuliusCeasar
Short USD/CHF 0.9635

well see
I was just looking at this pair, but I was looking for a long entry hope it works out for you!

EDIT: LOL I was looking at EURCHF... apologies haha.. still on first coffee
  • #367,178
  • Jan 18, 2011 11:10am Jan 18, 2011 11:10am
Quoting sisse
Valid point Cloggie, but first it wasn't on foresxlive as source but in the Financial Times (which really doesn't say much either but add a little bit of depth on the reports) and second this bit is what i found interesting "...Falling on the asset side, and not balancing out, means the fine-tuning...

If you look at the later report and the auction results last week you see the 20 Bn from December taken of as being desentisised. The ECB has no mandate to increase the money supply.
  • #367,179
  • Jan 18, 2011 11:12am Jan 18, 2011 11:12am
Quoting rashygomez
i bet you it's a demo account
Average pips per trade: 1.32

good luck
  • #367,180
  • Jan 18, 2011 11:13am Jan 18, 2011 11:13am
Quoting cloggie
If you look at the later report and the auction results last week you see the 20 Bn from December taken of as being desentisised. The ECB has no mandate to increase the money supply.
Yes that is exactly the point. Is a technicality (Economist ...always looking for the loophole!!!!) to print money without breaking the mandate and as you probably you know is not something the politician in Brussels will understand nor is a point to explain at national level by the EZ governments .... in other words perfect solution to bypass politics and the mandate.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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