2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
Congrats to Friday's Euro bulls. 
I'll be the first to admit, that I got the timing of that wrong. But I'm firmly still in the bear bias camp for the time being.
With all the Greece positive news being flashed in front of everyone's faces, people have so far not digested any of the facts, in that the Greek parliament hasn't in fact approved of the new measures being proposed during last Friday's meeting, and that the opposition will strongly oppose the measures, as well as sections of the ruling party's members.
To get a majority decision in such a vote, with protests increasing in magnitude everyday, and strikes being planned in this week, will be to put it conservatively, very hard.
With Germany's position in that it will not approve any deal without private investor contribution, the ratings agencies have already declared that any sort of private sector contribution will be considered restructuring, and that will have massive impact on the markets.
With the measures proposed last week still not surfacing yet, we can only assume that it will be extreme, and it could possibly turn peaceful protests so far, into "not so peaceful" ones like we have seen in other parts of the world.
Weekend news have also seen Spain in the spotlight, with cities declaring that they will be unable to pay salaries in the current month, with hidden debts being found by the opposition after the elections.
Also, with QE nearing an end, and ES losing the 1300 handle, we could see a sharp downturn in the markets which will be dollar positive.
And with news everything saying "Buy The Euro!", we can only assume the end is near.
With last Friday's rally, personally I see positions changing hands in what could possibly a markup in prices in light of some good news, and positions changing hands with the "smart" money offloading their positions into strength. Of course, there are still upside risks involved in that we could possibly head up into next resistance, but I'm siding with the opinion that small short positions are being established into strength.
With China shorting into every strength in EUR/USD in the past week, I can only assume that they know something that we don't.
Once again, this is just my personal opinion on matters.
I'll be the first to admit, that I got the timing of that wrong. But I'm firmly still in the bear bias camp for the time being.
With all the Greece positive news being flashed in front of everyone's faces, people have so far not digested any of the facts, in that the Greek parliament hasn't in fact approved of the new measures being proposed during last Friday's meeting, and that the opposition will strongly oppose the measures, as well as sections of the ruling party's members.
To get a majority decision in such a vote, with protests increasing in magnitude everyday, and strikes being planned in this week, will be to put it conservatively, very hard.
With Germany's position in that it will not approve any deal without private investor contribution, the ratings agencies have already declared that any sort of private sector contribution will be considered restructuring, and that will have massive impact on the markets.
With the measures proposed last week still not surfacing yet, we can only assume that it will be extreme, and it could possibly turn peaceful protests so far, into "not so peaceful" ones like we have seen in other parts of the world.
Weekend news have also seen Spain in the spotlight, with cities declaring that they will be unable to pay salaries in the current month, with hidden debts being found by the opposition after the elections.
Also, with QE nearing an end, and ES losing the 1300 handle, we could see a sharp downturn in the markets which will be dollar positive.
And with news everything saying "Buy The Euro!", we can only assume the end is near.
With last Friday's rally, personally I see positions changing hands in what could possibly a markup in prices in light of some good news, and positions changing hands with the "smart" money offloading their positions into strength. Of course, there are still upside risks involved in that we could possibly head up into next resistance, but I'm siding with the opinion that small short positions are being established into strength.
With China shorting into every strength in EUR/USD in the past week, I can only assume that they know something that we don't.
Once again, this is just my personal opinion on matters.
- #455,403
- Jun 5, 2011 3:53pm Jun 5, 2011 3:53pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #455,404
- Jun 5, 2011 3:55pm Jun 5, 2011 3:55pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #455,405
- Jun 5, 2011 3:59pm Jun 5, 2011 3:59pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #455,406
- Jun 5, 2011 4:01pm Jun 5, 2011 4:01pm
- Joined Aug 2010 | Status: Trader | 3,185 Posts
Congrats to Friday's Euro bulls.
With China shorting into every strength in EUR/USD in the past week, I can only assume that they know something that we don't.
Once again, this is just my personal opinion on matters.
Thanks.
I don't trust any move - when you have profit...take it.
- #455,408
- Jun 5, 2011 4:06pm Jun 5, 2011 4:06pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #455,409
- Jun 5, 2011 4:10pm Jun 5, 2011 4:10pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #455,411
- Jun 5, 2011 4:15pm Jun 5, 2011 4:15pm
- Joined Mar 2010 | Status: Trader | 42,434 Posts
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
- #455,412
- Jun 5, 2011 4:18pm Jun 5, 2011 4:18pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
well...how to include them in analysis and trading decisions?
thats the prob imho : o
2008/2009 combination chart....
...how do say in german, put that in your pipe and smoke it....
experimental...ofcoarse...
Look Sharp/Trade Tight
- #455,413
- Jun 5, 2011 4:20pm Jun 5, 2011 4:20pm
- Joined Jun 2010 | Status: zero | 20,603 Posts
Congrats to Friday's Euro bulls.
I'll be the first to admit, that I got the timing of that wrong. But I'm firmly still in the bear bias camp for the time being.
With all the Greece positive news being flashed in front of everyone's faces, people have so far not digested any of the facts, in that the Greek parliament hasn't in fact approved of the new measures being proposed during last Friday's meeting, and that the opposition will strongly oppose the measures, as well as sections of the ruling party's members.
To get a majority decision...
very good analysis, very good. Like that :-)
- #455,415
- Jun 5, 2011 4:25pm Jun 5, 2011 4:25pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
2008/2009 combination chart....
how do say in german, put that in your pipe and smoke it....
experimental...ofcoarse...
Hero calls followed by margin calls...
- #455,416
- Jun 5, 2011 4:26pm Jun 5, 2011 4:26pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
let me know if this shit works out ^^
, or next year...
Look Sharp/Trade Tight
- #455,417
- Jun 5, 2011 4:37pm Jun 5, 2011 4:37pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Remind me, at the end of the year...
Ps:
hope to see ya more often on skype
Hero calls followed by margin calls...
- #455,419
- Jun 5, 2011 4:46pm Jun 5, 2011 4:46pm
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #455,420
- Jun 5, 2011 4:48pm Jun 5, 2011 4:48pm
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight