"I know one thing, that I know nothing." Sokrates
- #546,121
- Oct 3, 2011 5:16am Oct 3, 2011 5:16am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
- #546,122
- Oct 3, 2011 5:20am Oct 3, 2011 5:20am
- Joined May 2010 | Status: Simple chart is the best... | 2,014 Posts
Good morning traders
After a week of free falling here comes the time for a pull back and take profits.
Since early morning the price has been creeping along its strong Fibo and S/R level (1.33400), giving all indicators and oscillators enough time to generate new signals.
It’s happening on nearly all currency pairs.
It’s very interesting, daily, weekly and even monthly chart indicates BEARISH signals.
No doubt we stay in downtrend. We’ve already had 3 legs down and 2 legs up. This oncoming wave seems to be a tiebreak for weeks ahead.
Remember guys, there’s a crazy week ahead, a tsunami of news is coming up so situation on EURUSD can change dramatically anytime.
So this week we can have either double bottom or next 7th wave of existing downtrend. The solution comes this Wednesday and Friday.
But as far as now I'll try to grab few pips going long...
After a week of free falling here comes the time for a pull back and take profits.
Since early morning the price has been creeping along its strong Fibo and S/R level (1.33400), giving all indicators and oscillators enough time to generate new signals.
It’s happening on nearly all currency pairs.
It’s very interesting, daily, weekly and even monthly chart indicates BEARISH signals.
No doubt we stay in downtrend. We’ve already had 3 legs down and 2 legs up. This oncoming wave seems to be a tiebreak for weeks ahead.
Remember guys, there’s a crazy week ahead, a tsunami of news is coming up so situation on EURUSD can change dramatically anytime.
So this week we can have either double bottom or next 7th wave of existing downtrend. The solution comes this Wednesday and Friday.
But as far as now I'll try to grab few pips going long...
Read Charts - Not Papers
- #546,123
- Oct 3, 2011 5:24am Oct 3, 2011 5:24am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Pending conversations? PM for a chat...I am mainly in OTM now
- #546,124
- Oct 3, 2011 5:29am Oct 3, 2011 5:29am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
More about that. Btw, If I am bugging you, feel free to ask me to STFU, and I probably will 
.
As I am reading more about this trash fund, I found out, that.
1) EFSF bonds have AAA rating from all agencies, so probably all banks are buing them.
2) EFSF bonds are eligible as ECB collateral.
Now this is fcking ridiculous. EFSF bails out any nation which is about to fail, and holds loads of worthless sovereign debt instruments. Nevertheless, it has AAA rating, although instruments they are buying are C rated. Moreover, if banks support this madness by buying their bonds, they can use these bonds as a collateral at ECB. So in case those nations fall, EFSF bonds should become worthless. And therefore, banks would need to provide new collateral to ECB, which again takes liquidity out of the market and deepen crisis. Brilliant solution.
I would be glad if someone expanded my thoughts about this subject as it is hard to understand all inputs.
T.
.As I am reading more about this trash fund, I found out, that.
1) EFSF bonds have AAA rating from all agencies, so probably all banks are buing them.
2) EFSF bonds are eligible as ECB collateral.
Now this is fcking ridiculous. EFSF bails out any nation which is about to fail, and holds loads of worthless sovereign debt instruments. Nevertheless, it has AAA rating, although instruments they are buying are C rated. Moreover, if banks support this madness by buying their bonds, they can use these bonds as a collateral at ECB. So in case those nations fall, EFSF bonds should become worthless. And therefore, banks would need to provide new collateral to ECB, which again takes liquidity out of the market and deepen crisis. Brilliant solution.
I would be glad if someone expanded my thoughts about this subject as it is hard to understand all inputs.
T.
"I know one thing, that I know nothing." Sokrates
- #546,125
- Oct 3, 2011 5:32am Oct 3, 2011 5:32am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
- #546,128
- Oct 3, 2011 5:54am Oct 3, 2011 5:54am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
3380 short 3419 Sl 32++ TP
Guys could you give me website that report countries bonds % and CDS?
looking for investors . pm me
- #546,131
- Oct 3, 2011 5:57am Oct 3, 2011 5:57am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #546,132
- Oct 3, 2011 5:58am Oct 3, 2011 5:58am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
More about that. Btw, If I am bugging you, feel free to ask me to STFU, and I probably will
As I am reading more about this trash fund, I found out, that.
1) EFSF bonds have AAA rating from all agencies, so probably all banks are buing them.
2) EFSF bonds are eligible as ECB collateral.
Now this is fcking ridiculous. EFSF bails out any nation which is about to fail, and holds loads of worthless sovereign debt instruments. Nevertheless, it has AAA rating, although instruments they are buying are C rated. Moreover, if banks support this madness...
That the major concern but they are not many option on the table either. However, to play devils advocate, there is only two countries in the EZ that can technically collapse from a macro point of view: one is Greece (which is already default and is case close nothing they can do) and the other is Portugal (btw, check the bond market steady trending up and trying to break highs).
All the other problematic countries (Ireland, Spain, Belgium and Italy) are technically not even remotely close to collapse so the ESFS make sense if it is just for 2 v. small fishes....obviously the risk is domino effect on panic and bank spread can create a snowball effect so big that it will go beyond the EZ making the liquidity problem on the EZ just another strip in the tiger.
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #546,135
- Oct 3, 2011 6:12am Oct 3, 2011 6:12am
- Joined Apr 2011 | Status: Hiroshima and Nagasaki | 8,060 Posts
well my broker reach it
looking for investors . pm me
- #546,136
- Oct 3, 2011 6:22am Oct 3, 2011 6:22am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
"I know one thing, that I know nothing." Sokrates
