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  • #414,981
  • Mar 29, 2011 9:54am Mar 29, 2011 9:54am
Quoting Gld
how's things down in buckeye country ?
Not so well, with the Wildcats defeating the buckeye's by 2 points at the end of the game
  • #414,982
  • Mar 29, 2011 9:56am Mar 29, 2011 9:56am
Quoting pepper
The Conference Board US Consumer Confidence Index Declines
This should dampen any talks of rate rises in the US for the near future.
What are you talking about mate?. Consumer confidence was slightly below expectation but in the mean, and revision was higher than previous compensating and more the last number. 63.x is not a number to be excited in a country that depends on consumers but neither is a awful number considering that is coming from recession (30.xx) and is above 50. Plus the Fed talks are for the mid term not for next week. They just started talking about it so....

The Consumer reports with the new downgrades set the tone for the US session but downgrading Greece is like painting another stripe on the tiger so nothing new, on Portugal downgrade just above Junk will have a very small effect as Portugal mess is already digested in charts.

In simple words, nothing new.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #414,983
  • Mar 29, 2011 9:57am Mar 29, 2011 9:57am
Quoting prashant7
AS i look into your question ' its both

its trying hard to break the TL and also hardly trying it " actually your question was correct and now the answer suits the chart Eu TL hard to break with this kind of bear power >
thanks.

this trend doesn't turn without a considerable fundamental trigger, the spark to light the haystack, so to speak.
  • #414,984
  • Mar 29, 2011 9:57am Mar 29, 2011 9:57am
Quoting Venice
Not so well, with the Wildcats defeating the buckeye's by 2 points at the end of the game
i know , that sucked
hang on to your bread......unless you want toast
  • #414,985
  • Mar 29, 2011 10:01am Mar 29, 2011 10:01am
Quoting gatorinla
99.5 is the mid to target #1 4117.4 .. its rare not to hit the mid.. we haven't hit it atm.. close but no touch
pending short 4099.5 sl 4104 target 4006... my tp 2 pips above 4009
bbl... atm at 4068
those who can, do. those who cant, talk about those who can
  • #414,986
  • Mar 29, 2011 10:04am Mar 29, 2011 10:04am
[quote=sisse;4506709]What are you talking about mate?. Consumer confidence was slightly below expectation but in the mean, and revision was higher than previous compensating and more the last number. 63.x is not a number to be excited in a country that depends on consumers but neither is a awful number considering that is coming from recession (30.xx) and is above 50. Plus the Fed talks are for the mid term not for next week. They just started talking about it so....

The Consumer reports with the new downgrades set the tone for the US session but downgrading Greece is like painting another stripe on the tiger so nothing new, on Portugal downgrade just above Junk will have a very small effect as Portugal mess is already digested in charts.

In simple words, nothing new.



Thanks for clearing that up for me .
  • #414,987
  • Mar 29, 2011 10:06am Mar 29, 2011 10:06am
Hello

Always had this doubt!
If you have open positions in this currency and the euro no longer exist what happens to my positions?

Short or long...

I appreciate the answer to my question.
  • #414,988
  • Mar 29, 2011 10:13am Mar 29, 2011 10:13am
Just a chart....
Attached Image (click to enlarge)
Click to Enlarge Name: np.jpg Size: 97 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #414,989
  • Mar 29, 2011 10:18am Mar 29, 2011 10:18am
Quoting BoredToLoose
Unhappily Europe is not doing what is needed and it is doomed!!
I start to see very dark clouds for Euro.

Will we entered in a Post-Colonial new Era?
Will Brazil help Portugal?
Will Portugal leave Euro?
Will Portugal not pay the debt?

I am ready to Sell all my Euros really soon and I will buy USD!

If Portugal do some of my interrogations Spain will go down, next Belgium, Italy and Euro will die!!

http://lusitanaehabilitas.blogspot.c...trying-to.html
So your new approach is "Portugal way or the Highway", oh come on mate don't put Portugal in the same bag of Spain, Belgium or Italy in size, importance and realities. (no offense intended, just simple economics and politics)

Well, I give you the credit for accepting in public after all the previous posts that Portugal is in trouble.

IMO, the solutions need to come form internal, structural reforms instead of blaming a bunch of speculators, thats the lazy and inefficient way to deal with economics.

In any case, good luck with your trading.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #414,990
  • Mar 29, 2011 10:19am Mar 29, 2011 10:19am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
Bulls and bears do not understand today..
Wath can expect now?
Studing..............
  • #414,991
  • Mar 29, 2011 10:19am Mar 29, 2011 10:19am
Quoting gatorinla
pending short 4099.5 sl 4104 target 4006... my tp 2 pips above 4009
bbl... atm at 4068
will we go to 4099 again ?or just go down directly？
A chart helps those who can read it.
  • #414,992
  • Mar 29, 2011 10:32am Mar 29, 2011 10:32am
we appear to be back to this old shyte intraday for nfp week, managed to scrape daily target with a long still on, sl @ b/e...

have a good day all and take care in this chop...

Inserted Video
  • #414,993
  • Mar 29, 2011 10:33am Mar 29, 2011 10:33am
Quoting sisse
So your new approach is "Portugal way or the Highway", oh come on mate don't put Portugal in the same bag of Spain, Belgium or Italy in size, importance and realities. (no offense intended, just simple economics and politics)

Well, I give you the credit for accepting...
The Rich Europe "generously" gave almost free money to the poorest including Spain, USA open the Pandora box, now they want to give us more money 9% and they want us to pay.

If I was some power, of course I will pay, give the right yields, if not....(fill the rest)

If Portugal do not pay, Spain will not receive, then Belgium, Italy.

Do you know what domino effect is?

Ok, the size will do the job! Sure it will! Mrs. Merkel will find new gold mines!
  • #414,994
  • Mar 29, 2011 10:33am Mar 29, 2011 10:33am
Quoting FibbinArchie
we appear to be back to this old shyte intraday for nfp week, managed to scrape daily target with a long still on, sl @ b/e...

have a good day all and take care in this chop...

http://www.youtube.com/watch?v=5R6Ox1MjuLA
Inserted Video
  • #414,995
  • Mar 29, 2011 10:35am Mar 29, 2011 10:35am
Trading the fix here and saw your post. Sisse and I have been going on about Portugal since the start of the year and both of us saw this coming a mile away, I even gave you the exact yield of Portuguese debt that would trigger the bailout.

Quoting BoredToLoose
Unhappily Europe is not doing what is needed and it is doomed!!
Europe is doing exactly what is needed, Portugal may not like it, but what Portugal thinks is irrelevant to the rest of Europe. Trichet and Germany have the right priorities, which is obviously welcomed by the markets, look at Euro and Bund yields. The periphery is becoming a casualty, a cheap price to pay.

Quoting BoredToLoose
Will we entered in a Post-Colonial new Era?
Post Colonial? You guys have been annexed by the FI boys, you just don't realise it yet.

Quoting BoredToLoose
Will Brazil help Portugal?
Not in your lifetime, IF Brazil would be even interested, they will just wait for the flatline and the subsequent firesale.

Quoting BoredToLoose
Will Portugal leave Euro?
If Portugal would leave the euro, it would mean a generation of high interest rates and virtual no growth, Portugal has little to fall back on without the euro and would mean that the recovery would skip a generation.

Quoting BoredToLoose
Will Portugal not pay the debt?
It can't, there is more debt maturing in the next 4 weeks then the entire cash reserves Portugal generates for a year. You guys have overspend your budget by such silly amounts that you cannot afford to service the interest, let alone the capital. You guys need to find 80Bn or so in 4 weeks just to keep your head above the water. Your only avenue is accepting a bailout, you have no choice. The market knows that, that's why the yields are where they are right now.
  • #414,996
  • Mar 29, 2011 10:37am Mar 29, 2011 10:37am
Quoting BoredToLoose
The Rich Europe "generously" gave almost free money to the poorest including Spain, USA open the Pandora box, now they want to give us more money 9% and they want us to pay.

If I was some power, of course I will pay, give the right yields, if not....(fill the rest)

If Portugal do not pay, Spain will not receive, then Belgium, Italy.

Do you know what domino effect is?

Ok, the size will do the job! Sure it will! Mrs. Merkel will find new gold mines!

Portugal not refinancing its debt next month will have no bearing at all on the rest of Europe, it will just set you guys back to the stone ages for a generation, your choice (not really..)

And Europe did not "give" anything to Portugal, you guys just could not budget your expenses and went silly like a kid in a sweetshop.
  • #414,997
  • Mar 29, 2011 10:38am Mar 29, 2011 10:38am
Quoting Venice
http://www.youtube.com/watch?v=CSvFpBOe8eY
nice one V...
  • #414,998
  • Mar 29, 2011 10:40am Mar 29, 2011 10:40am
Quoting cloggie
Portugal not refinancing its debt next month will have no bearing at all on the rest of Europe, it will just set you guys back to the stone ages for a generation, your choice (not really..)
played off that level earlier, good call...

shanked it a bit by scaling in late on the retrace that turned parabolic, then made a decent recovery, catch you l8tr...
  • #414,999
  • Mar 29, 2011 10:41am Mar 29, 2011 10:41am
Quoting FibbinArchie
played off that level earlier, good call...
...

I was out by a few pips, but it worked beautifully nonetheless.
  • #415,000
  • Mar 29, 2011 10:48am Mar 29, 2011 10:48am
  •  Rgkc
  • | Joined Dec 2010 | Status: Never stop learning about forex! | 419 Posts
I see no more strength to 1.41.
But neither to 1.40
Ain of my insurance's short 1.405
Studing..............
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