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  • #492,061
  • Jul 18, 2011 5:57am Jul 18, 2011 5:57am
Quoting ultra_knight
4.6 9% spike in 2 year italy bonds...

2.7 Trillion $ debt ... may be EPSF also not sufficient to bail Italy out
From a strictly technical point of view Italy is thousands of thousands of miles from defaulting or having debt related issues. Believe it or not Italian public finance (not the economy as it has been in coma for over a decade now) are in decent shape (in debt/default terms) what is happening right now is just market pointing all canons to the undecided/indecisive EZ politicians.

Germany and major EZ players keep insisting on some kind of private debt burden sharing and market are reacting badly in its own right as they have listening and believe the EZ debt for almost 2 years without a proper and decisive solution from the politicians.

Putting fear in the market and in the media (headlines even in the tabloids about debt) is the best weapon they have. This is the 3rd time in the last 2 years that this happens before a major meeting....sadly we'll have to wait for the meeting before lighting the bull's barbecue....

Meanwhile 1.410x looks unavoidable intraday and key daily S at 1.397x around the corner...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #492,062
  • Jul 18, 2011 6:01am Jul 18, 2011 6:01am
Quoting sisse
From a strictly technical point of view Italy is thousands of thousands of miles from defaulting or having debt related issues. Believe it or not Italian public finance (not the economy as it has been in coma for over a decade now) are in decent shape (in debt/default terms) what is happening right now is just market pointing all canons to the undecided/indecisive EZ politicians.

Germany and major EZ players keep insisting on some kind of private debt burden sharing and market are reacting badly in its own right as they have listening and believe...
so in a nut shell you cant see the price of Spagetti Bologneses, pizza's etc going through the roof?
rat
  • #492,063
  • Jul 18, 2011 6:07am Jul 18, 2011 6:07am
lol someone big is defending 1.4024
  • #492,064
  • Jul 18, 2011 6:08am Jul 18, 2011 6:08am
Quoting freemen
I also for scalping not need indicators or other sh....t
Price action show me way to money
Yea.I am new in this so I am teching from it
Scalping is better way.
I hate waiting and watching chart all day.Just around 5scalps a day with some lots and goint to shop and spend it all Yeeha
  • #492,065
  • Jul 18, 2011 6:08am Jul 18, 2011 6:08am
Quoting rattyo
so in a nut shell you cant see the price of Spagetti Bologneses, pizza's etc going through the roof?

Awfully big shell to hold some of these nuts.
  • #492,066
  • Jul 18, 2011 6:09am Jul 18, 2011 6:09am
Quoting Ravissek
Yea.I am new in this so I am teching from it
Scalping is better way.
I hate waiting and watching chart all day.Just around 5scalps a day with some lots and goint to shop and spend it all Yeeha

that sounds bullet proof that strategy
rat
  • #492,067
  • Jul 18, 2011 6:11am Jul 18, 2011 6:11am
Quoting tonegawa
lol someone big is defending 1.4024
Why you guys have this mentality....

It is preprogrammed..no one is defending or anything....

Even intervention happens from a certain ratio...always by the rules...within limits..
Markets are not Random, they are designed!
  • #492,068
  • Jul 18, 2011 6:13am Jul 18, 2011 6:13am
Quoting rattyo
you have liquidated 3 accounts ? Am I reading right?

My broker GFT at 5 am NYC time,....if ure act is under 100% RL your positions get liquidated,...so i was at about 97% on all acts and that did it,...its a safety feature that i find very annoying but sometimes useful,..
  • #492,069
  • Jul 18, 2011 6:13am Jul 18, 2011 6:13am
Quoting sisse
From a strictly technical point of view Italy is thousands of thousands of miles from defaulting or having debt related issues. Believe it or not Italian public finance (not the economy as it has been in coma for over a decade now) are in decent shape (in debt/default terms) what is happening right now is just market pointing all canons to the undecided/indecisive EZ politicians.

Germany and major EZ players keep insisting on some kind of private debt burden sharing and market are reacting badly in its own right as they have listening and believe...
Same thing was told about greece a year back... about 10 times in last 2 years...

I won't rule out anything... given that Italy's debt is 120% of GDP.. they have borrowed more than that of what they can pay.... in these stress tests weak ones will be the victims
  • #492,070
  • Jul 18, 2011 6:13am Jul 18, 2011 6:13am
Quoting rattyo
that sounds bullet proof that strategy
I was looking to have 1.4004 previously ..has not been hityet...and Sisse has a good price in mind...I have 1.3973 as well...
Markets are not Random, they are designed!
  • #492,071
  • Jul 18, 2011 6:14am Jul 18, 2011 6:14am
Quoting tonegawa
lol someone big is defending 1.4024
Let`s see how long? Bears were are you??? Need HELP
Once scalper always scalper
  • #492,072
  • Jul 18, 2011 6:14am Jul 18, 2011 6:14am
Quoting Raza
Why you guys have this mentality....

It is preprogrammed..no one is defending or anything....

Even intervention happens from a certain ratio...always by the rules...within limits..
???
  • #492,073
  • Jul 18, 2011 6:14am Jul 18, 2011 6:14am
Quoting Raza
Why you guys have this mentality....

It is preprogrammed..no one is defending or anything....

Even intervention happens from a certain ratio...always by the rules...within limits..
Care to illuminate on this so us common folk can understand?
  • #492,074
  • Jul 18, 2011 6:15am Jul 18, 2011 6:15am
Quoting tonegawa
???
Someone BIG IS DEFENDING.......
Markets are not Random, they are designed!
  • #492,075
  • Jul 18, 2011 6:18am Jul 18, 2011 6:18am
Quoting E-Money
Care to illuminate on this so us common folk can understand?
How I can predict the price using FIBS....then...

Why we have standard patterns....If it was based on human

behaviour, physcology or whatever ....charts should had been all over the place...

Its a design just like our bodies are designed.
Markets are not Random, they are designed!
  • #492,076
  • Jul 18, 2011 6:19am Jul 18, 2011 6:19am
Quoting Raza
Someone BIG IS DEFENDING.......
That level keeps being STRONGLY rejected. The only time it was broken, it has been pushed back twice with strong candles on M5.

To me, it looks like some big player is pushing against it.
  • #492,077
  • Jul 18, 2011 6:19am Jul 18, 2011 6:19am
Quoting Raza
Someone BIG IS DEFENDING.......
I think its a normal bounce, may go upto 1.4125. Many players at this level. Gold at key level of 1,600.
The Thief of Wall Street
  • #492,078
  • Jul 18, 2011 6:20am Jul 18, 2011 6:20am
What is your Idea about the next news on USD?
I think it is going up...
  • #492,079
  • Jul 18, 2011 6:21am Jul 18, 2011 6:21am
Quoting sisse
Believe it or not Italian public finance (not the economy as it has been in coma for over a decade now) are in decent shape (in debt/default terms)

sisse

One only has to look at the CDS rates. The market is far from panicking over Italy. Like you said, it makes for good headlines for the uninformed masses.
  • #492,080
  • Jul 18, 2011 6:21am Jul 18, 2011 6:21am
i don't scalp as I can't do it tried and its good until price starts going on a run and the scalp is -20 -30 -40 all scalp points have gone.

I posistion for a daily trade normally sometimes I keep them on for the whole week.
rat
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