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EurAnalysis Kindergarten 24 replies

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  • #3,701
  • Oct 19, 2011 8:58am Oct 19, 2011 8:58am
Quoting AaronWard
Aint she purdy
what is that a chart of....my account balance?
  • #3,702
  • Oct 19, 2011 9:01am Oct 19, 2011 9:01am
Quoting AaronWard
The reality is that when Apple or Nike makes computers or shoes in China and sells them around the world, it is an American company that pockets most of the profit.
Well I dont think so. Why are nations trying to lure investors to their country? Because wages stay there, taxes stay there, unemployment lowers. People will spend money (consumer spending which is US missing so heavily now), government will spend money. And there goes Chinas incredible HDP. China profits the most from having those companies there.

Quoting AaronWard
The second reality is that the US already has the ability to deal with the Chinese currency manipulation. That they don't is criminal and treasonous. They don't need a new law because their current law is just fine. But it is a decision driven by the powerful US lobby groups that want to combine the money making formula of cheap Chinese labor with a popular American brand.
Dunno about that law, I actually didnt read american laws , I just saw that last one.

T.
"I know one thing, that I know nothing." Sokrates
  • #3,703
  • Oct 19, 2011 9:05am Oct 19, 2011 9:05am
Quoting ntrprz
what is that a chart of....my account balance?
Looked like mine last week.
I don't care which way the market is going as long as it's going my way
  • #3,704
  • Oct 19, 2011 9:06am Oct 19, 2011 9:06am
Quoting foto
Tom, at the risk of overloading you with posts...
Dont mind overloading me. As I said, I like to read. I only fear we (especially me) are overloading thread and people will be angry we aint talking about charts but about macro problems which noone can buy or sell

T.
"I know one thing, that I know nothing." Sokrates
  • #3,705
  • Oct 19, 2011 9:09am Oct 19, 2011 9:09am
Tom
charts are overated.
only thing that matters is if it goes up, goes down or goes sideways.
can follow that by watching price off the trading platform.
  • #3,706
  • Oct 19, 2011 9:11am Oct 19, 2011 9:11am
Cash Prize Offered for Best Plan to Break Up Euro Zone
I don't care which way the market is going as long as it's going my way
  • #3,707
  • Oct 19, 2011 9:13am Oct 19, 2011 9:13am
Quoting ntrprz
what is that a chart of....my account balance?
  • #3,708
  • Oct 19, 2011 9:14am Oct 19, 2011 9:14am
Quoting Tom_D_Trader
Dont mind overloading me. As I said, I like to read. I only fear we (especially me) are overloading thread and people will be angry we aint talking about charts but about macro problems which noone can buy or sell

T.
No No No, don't stop.

Macro picture is a very important part of the puzzle. Me, I read every word you macro gurus write. I'm learning a lot.

Nothing wrong with a healthy debate either.
I don't care which way the market is going as long as it's going my way
  • #3,709
  • Oct 19, 2011 9:14am Oct 19, 2011 9:14am
PK you have one helluva sense of humor
  • #3,710
  • Oct 19, 2011 9:17am Oct 19, 2011 9:17am
Looks like on the H4 its setting up for a possible Head and Shoulders. If so, I think we might see it down in the 3390 area. Just my 2 cents. What do you guys think?
Damn The Torpedoes, Full Speed Ahead!
  • #3,711
  • Oct 19, 2011 9:21am Oct 19, 2011 9:21am
Quoting Tom_D_Trader
Well I dont think so. Why are nations trying to lure investors to their country? Because wages stay there, taxes stay there, unemployment lowers. People will spend money (consumer spending which is US missing so heavily now), government will spend money. And there goes Chinas incredible HDP. China profits the most from having those companies there.
T.
TDT,

It is a fact that when you buy a Nike shoe the majority of the profit goes to Nike, not to the Chinese worker that made that shoe.

Of course, it is good for China and bad for the US. So why does the US allow it? Very simply because it is in the interest of the American multinational. It is not in the interest of the American economy though.
Kill the ego, or it will kill the mission.
  • #3,712
  • Oct 19, 2011 9:23am Oct 19, 2011 9:23am
I see on the market - big deals. Likely to buy futures traders actively. The only thing that worries me - it's 1,381 to 1,383 - it may be resistance.
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  • #3,713
  • Oct 19, 2011 9:24am Oct 19, 2011 9:24am
Quoting DizzleFX
Looks like on the H4 its setting up for a possible Head and Shoulders. If so, I think we might see it down in the 3390 area. Just my 2 cents. What do you guys think?
I think I hope so? I would be more convinced if anything but apple was down on the dow.

Everything I have thought for two days macro has been right, trading wrong, so who the hell knows. My problem was, I couldn't even follow my own advice well.
  • #3,714
  • Oct 19, 2011 9:28am Oct 19, 2011 9:28am
Quoting foto
PK you have one helluva sense of humor
Thank you
I don't care which way the market is going as long as it's going my way
  • #3,715
  • Oct 19, 2011 9:34am Oct 19, 2011 9:34am
Quoting AaronWard
TDT,

It is a fact that when you buy a Nike shoe the majority of the profit goes to Nike, not to the Chinese worker that made that shoe.

Of course, it is good for China and bad for the US. So why does the US allow it? Very simply because it is in the interest of the American multinational. It is not in the interest of the American economy though.
because if they don't allow it, Nike would not be competitive in the global market place and would become insolvent. That would be worse for the American economy via less corporate tax revenues which translates to higher individual income tax. Now imagine if all the other American companies that manufacture their product in China meet the same fate. Goodbye American dream. So the alternative is to debase the US dollar so that America can be competitive with China as a manufacturer/exporter economy... but the Chinese just keep the Yuan pegged so the purpose is defeated. Hence the trade / currency war.

I could go on and on about this but I have some olive pickers to whip

That's my take on it.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,716
  • Oct 19, 2011 9:35am Oct 19, 2011 9:35am
One thing I will add, it is the 4th quarter. The 4th quarter means there are going to be dollars chasing investments and hedge fund managers who are under water for the year need a big rally to the finish to look respectable. Money on the sidelines will be taken out of safe instruments and put to work. The dow and EURUSD trade in still a fairly tight correlation. If Dow isn't going down, Euro isn't going down.

I do not like the price action on the dow as a trader thinking the Euro is going down. I closed out my short and am playing for at least a short term bounce back to 1.382 or so. I think dow runs out of steam around 11650 and then might see a minor correction if it fails to break through that level.
  • #3,717
  • Oct 19, 2011 9:38am Oct 19, 2011 9:38am
PT

ah, sucks, I thought I was going to slip a bit of China debate in here when you weren't looking.

TDT -- this is the link to the article about the law in the US senate.
http://www.forexfactory.com/news.php...25#post5023944
Kill the ego, or it will kill the mission.
  • #3,718
  • Oct 19, 2011 9:45am Oct 19, 2011 9:45am
Quoting AaronWard
PT

ah, sucks, I thought I was going to slip a bit of China debate in here when you weren't looking.

TDT -- this is the link to the article about the law in the US senate.
http://www.forexfactory.com/news.php...25#post5023944
Be my guest Aaron. It's certainly related to what's happening with this pair.
Fill yer boots but don't flood the thread during NY session. Leave room for trade analysis and charts.
Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #3,719
  • Oct 19, 2011 9:50am Oct 19, 2011 9:50am
Quoting PipKiller
No No No, don't stop. ...
Man that flattered me a lot. Thanks for that. As I dont want to mislead you, I will introduce myself further.
I am only bachelor in economics and I am still learning. Learning macros for five years now, but I still see it as too few. Thats why I debate here, because I want to evolve. And I think I will never stop evolving as this science is unfinished so I can spend my whole life evolving not only myself, but evolving macroeconomics as a science.

T.
"I know one thing, that I know nothing." Sokrates
  • #3,720
  • Oct 19, 2011 9:50am Oct 19, 2011 9:50am
AW there is always robotics as the answer to vast hordes of cheap labor.
But then there would be major civil strife as how to earn a living becomes a problem for many.

So the solution is to use technology to raise the standard of living for all.
But political decisions are driving production technolgy employment.
The old saw about idle time being the devils workshop holds true.

If the Socialists could get it through their heads that capital is not for redistributing but for creating wealth, the world would be better off.
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