hi
Attached Image (click to enlarge)
- #481,083
- Jul 6, 2011 1:36am Jul 6, 2011 1:36am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Hey Cloggie, Have you been following bond market? ...no much reaction after the downgrade... In any case, there is confirmed news (we already imagined but it wasn't confirmed) that EZ banks (especially French and Germans) has cleared most of the Greek government-bond holdings at a discount.
The report is that they are not even holding 1/3 of what they have a few months ago. I guess the French/German game of delaying the problem worked perfectly and now their banks are "clean" and as soon as they grab some privatizations here and there, the next...
Exactly and looking back now over the 10yr price you can see where the German/French banks were playing their games. I have always said and will continue to say that Germany is the key in this game and they are not going to let the euro fail, discounting the balance sheet is peanuts compared to the rewards it will give. Some muppets are taking the German government to court over it, but who cares really, just grandstanding and PR. France may get their way now and get another board member on the ECB now. If not Italy better start getting their house in order, they may end up with 2 votes, but they don't have the cash to keep the FI boys at bay. They did good passing their austerity package last week with little to no attention in the mainstream media.
Lots of things happen in the bond market that the average trader here just does not pay attention to, swaps...........
Of course FA does not work in trading.......
- #481,084
- Jul 6, 2011 1:37am Jul 6, 2011 1:37am
- Joined Mar 2008 | Status: Name real with real own way | 23,413 Posts
Not understand?better not follow my analyses!doubt clearer first, risks ++
- #481,085
- Jul 6, 2011 1:37am Jul 6, 2011 1:37am
- Joined Oct 2009 | Status: Trader | 15,211 Posts
Please explain why you just bought into a 100 pip sell off?
Because 90% of posters here do that and keep egging each other on totally ignoring a trend.
- #481,086
- Jul 6, 2011 1:40am Jul 6, 2011 1:40am
- Joined Sep 2006 | Status: Collector | 9,833 Posts
fits
- #481,087
- Jul 6, 2011 1:40am Jul 6, 2011 1:40am
i doubt this is the bottom
I don't think it's the bottom either, but if you are not "in" its definetely not a good place to enter in any direction. Over 200 pips drop for the past 3 days and over a 100 for the past 3 hours give a lot of space for retracement. And that not even counting the major news later today and tomorrow
.Just my 2 cents.
- #481,089
- Jul 6, 2011 1:42am Jul 6, 2011 1:42am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
but what fits the most are his TP instead his SL..
didnt payy attention to the stop and thr target....guess he doesnt use a stop...anyway hero calls followed by margin calls.
Jonas
Hero calls followed by margin calls...
- #481,090
- Jul 6, 2011 1:42am Jul 6, 2011 1:42am
- Joined Apr 2011 | Status: That the best u can do, u pansies? | 6,087 Posts
- #481,091
- Jul 6, 2011 1:42am Jul 6, 2011 1:42am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #481,099
- Jul 6, 2011 1:49am Jul 6, 2011 1:49am
Out of curiosity, what indicator/chart/strategy would give you an entry signal right now?
I don't think it's the bottom either, but if you are not "in" its definetely not a good place to enter in any direction. Over 200 pips drop for the past 3 days and over a 100 for the past 3 hours give a lot of space for retracement. And that not even counting the major news later today and tomorrow
Just my 2 cents.
if it break down lower the 800 SMA, when he breaks down since he found support now on it, i will add to my position, now just patiently waiting