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  • #547,241
  • Oct 5, 2011 11:27am Oct 5, 2011 11:27am
Someone hiding on bull front line fail.
You know who is that. Hidden intervention
You cannot learn better without losing
  • #547,242
  • Oct 5, 2011 11:32am Oct 5, 2011 11:32am
3330 became support on my 30 min TF
  • #547,243
  • Edited 12:57pm Oct 5, 2011 11:33am | Edited 12:57pm
You must understand the big picture, Merkel and the European Union with its monetary rescue funds and other funds blablabla will not allow that.
Not only will they bail out crazy amounts, but they will also adjust any
treaty or covenant that prevents that action today, so it can be
implemented tomorrow. Until then, they do what they do since 2 years:

They buy time

If you see protesters in Greece, the working class, clear your trader mind of it.
Even if the news are full of them. Or strikes at airports, cancellation of all flights for 1 day, all that is bad for the small guy, doesnt play in
the big picture of the financial and fiscal policies.

The few Leaders of the EU know they can create money out of nuffin.
That's a mighty edge, lemme tell you that. They will use that edge.
I speak german, and sometimes i wish i wouldnt understand a word.
  • #547,244
  • Oct 5, 2011 11:37am Oct 5, 2011 11:37am
This's insane really!
Greece in a huge problem....Moody's downgrades Italy's government bond ratings to A2
Spain on the way...
Good news for USD today...

BUT euro is moving up!!!
  • #547,245
  • Oct 5, 2011 11:43am Oct 5, 2011 11:43am
Quoting eliasahmar
This's insane really!
Greece in a huge problem....Moody's downgrades Italy's government bond ratings to A2
Spain on the way...
Good news for USD today...

BUT euro is moving up!!!
And what ur Chart SAYING?
  • #547,246
  • Oct 5, 2011 11:47am Oct 5, 2011 11:47am
Quoting eliasahmar
This's insane really!
Greece in a huge problem....Moody's downgrades Italy's government bond ratings to A2
Spain on the way...
Good news for USD today...

BUT euro is moving up!!!
Its all about risk sentiment, If American news is good, people like to take risks (more advanced than that but lets go with that for now) and pairs like AUD, CAD, EUR go up in line with US Equities.
  • #547,247
  • Oct 5, 2011 11:49am Oct 5, 2011 11:49am
Quoting egkid
And what ur Chart SAYING?
I know that we're going to kiss 1.345x - 1.348x but why are we moving up now? why now? no news! nothing at all! and after all everything is f@cked for euro but it moves in bullish trend like if they already solved their problems!
  • #547,248
  • Oct 5, 2011 11:51am Oct 5, 2011 11:51am
Short € from 1.3380

Let's see
  • #547,249
  • Oct 5, 2011 11:51am Oct 5, 2011 11:51am
Quoting bagXpert
Short € from 1.3380

Let's see
TP 1.3330
  • #547,250
  • Oct 5, 2011 11:51am Oct 5, 2011 11:51am
Quoting ThisPip
You must understand the big picture ...
Damn, and I thought I made a good joke.

So for clarification: This deputy is a fcking idiot, because it is obvious even to a child, that Greece banks would be the first one to fall.
Moreover, liquidity is delicate issue now? Ok, someone may not know that, but liquidity issue has been talked about for months now. Nothing new, just a blablabla from an incompetent deputy.

Man, everyday, I read all news from Bloomberg, Financial times and Reuters. I kinda know what is going on. I was just trying to be funny. Screw this internet crap .

T.
"I know one thing, that I know nothing." Sokrates
  • #547,251
  • Oct 5, 2011 11:52am Oct 5, 2011 11:52am
Quoting JeremyWS
Its all about risk sentiment, If American news is good, people like to take risks (more advanced than that but lets go with that for now) and pairs like AUD, CAD, EUR go up in line with US Equities.
yes that's right! it will increase the risk sentiment for investors... but what about yesterday when moody's downgrades Italy to A2? it happened with a tiny effect to the market as if it didn't happen! and the price kept on moving up! so really I can't see any reason for this movement and specially at this time of day!
  • #547,252
  • Oct 5, 2011 11:58am Oct 5, 2011 11:58am
Quoting eliasahmar
I know that we're going to kiss 1.345x - 1.348x but why are we moving up now? why now? no news! nothing at all! and after all everything is f@cked for euro but it moves in bullish trend like if they already solved their problems!
http://www.forexfactory.com/showthre...24#post5012424

edit: sry to quote you Magix
"I know one thing, that I know nothing." Sokrates
  • #547,253
  • Oct 5, 2011 11:59am Oct 5, 2011 11:59am
Quoting eliasahmar
This's insane really!
Greece in a huge problem....Moody's downgrades Italy's government bond ratings to A2
Spain on the way...
Good news for USD today...

BUT euro is moving up!!!
LOL

Technicals is everything.

Probably filling the gap as we speak...

  • #547,254
  • Oct 5, 2011 12:03pm Oct 5, 2011 12:03pm
Quoting KiwiTrada
Very nice clean chart bro, I building position into Gap origin, 3 partials already loaded, last pending entry waiting fill 3382 5 below gap origin 3387 all sl 3410
You called that to the pip on my chart, nice job. Anyway now that we have confirmed Price failure here are my level for tp.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fail.GIF Size: 77 KB
Click to Enlarge Name: failed_2.GIF Size: 79 KB
  • #547,255
  • Oct 5, 2011 12:04pm Oct 5, 2011 12:04pm
Guess it kinda filled the gap, but see a bit a chicken on the bone..oh well..
Nice pb on 1hr..I b Sellen...GL!
  • #547,256
  • Oct 5, 2011 12:04pm Oct 5, 2011 12:04pm
Quoting eliasahmar
I know that we're going to kiss 1.345x - 1.348x but why are we moving up now? why now? no news! nothing at all! and after all everything is f@cked for euro but it moves in bullish trend like if they already solved their problems!
Will tell u my view soon just give me few MIN
  • #547,257
  • Oct 5, 2011 12:05pm Oct 5, 2011 12:05pm
Quoting egkid
And what ur Chart SAYING?
My Chart Say Short @ 13380 With Tight SL @ 13390,again my SL might be hit as today my short covered with 10 pips of profit,I need today bar close below 13330 to relieve my short will be keep even 1338 resistance hold respectively

Still looking my SL will be hit as i win more these past several weeks till now,I'm a bit Insane

anyway am short from @ 13380 with SL 13390
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 32 KB
If there was easy money lying around,no one would be forcing it into your
  • #547,258
  • Oct 5, 2011 12:05pm Oct 5, 2011 12:05pm
I really do love the PA on EU for the past 48 hours. These large violent ranges has to be the best time to trade.
  • #547,259
  • Oct 5, 2011 12:06pm Oct 5, 2011 12:06pm
Quoting bagXpert
TP 1.3330
U have no idea how much i wish see ur TP Hit
  • #547,260
  • Oct 5, 2011 12:06pm Oct 5, 2011 12:06pm
Quoting ThisPip
You must understand the big picture, Merkel and the European Union with its monetary rescue funds and other funds blablabla will not allow that.
Not only will they bail out crazy amounts, but they will also adjust any
treaty or covenant that prevents that action today, so it can be
[font=Palatino Linotype][size=3][color=blue][b]implemented...
I beg to differ. Bankruptcy of a country is nothing unusual these days. Over last 200 years, around 170 countries went bankrupt, one of the most famous case is bankruptcy of Argentina, in 2001. And as we can see, it is still existing, and doing not so bad, it is not a 3 world country :>. People just don't understand, what a bankruptcy of a country means, it is kinda different from the one, which people or company is going through.

If a country go bankrupt, it doesn't mean it stop existing and is divided between countries it was in debt to. Its credit reliability drops to 0, the money and investors are running out of it, and no one is willing to cooperate with it anymore. The weight of the Greece debt can be to much for EU to handle, especially when there are other countries which will have similar problem soon. Currently staying in European Union, can not only be a problem for the EU, but also for the Greece itself. I will explain now why:


The best way to deal with the kind of situation in which Greece found itself (or the lesser evil I would say) is to leave EU, and regain control over monetary policy. It would allow Greece to go bankrupt, go back to it’s own currency, then devaluate it which should give economy a big bust. Also it can start selling it own assets, print money, play with inflation and unemployment without being obligated by EU rules.



Of course, leaving eurozone will take back Greece about 20 years back in economical sense, and will be damaging for eurozone itself, but politicians need to answer is this more harmful, that leaving things as the are now, staying in status quo with the uncertainty on the markets, and spending lots of money, on the country, which probably can’t ne helped that way.
One more thing, also worth to mention – bankruptcy of Greece doesn’t necessarily mean it will leave the Eurozone.
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