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EurAnalysis Kindergarten 24 replies

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  • #5,301
  • Oct 26, 2011 10:01am Oct 26, 2011 10:01am
Quoting PipTrapper
This is very encouraging.
If this keeps up I will short on the next H1 swing high.

However, we still have the press conference later. I have seen situations like this many times only for it to do a 180 degree turn the other way.

Use caution in any direction until the market properly digests everything... after the press conference.

.
Thanks PT!
When is this press conference?
  • #5,302
  • Oct 26, 2011 10:01am Oct 26, 2011 10:01am
Quoting Alorente
Finally...

Good things come to those who wait...
Yep. Patience is key
I am still waiting though.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,303
  • Oct 26, 2011 10:07am Oct 26, 2011 10:07am
Quoting PipTrapper
This is very encouraging.
If this keeps up I will short on the next H1 swing high.

However, we still have the press conference later. I have seen situations like this many times only for it to do a 180 degree turn the other way.

Use caution in any direction until the market properly digests everything... after the press conference.

.
I agree, but I don't think there is anything they can say in the PC that is going to be bullish, the entire world knows that they broadly agree on the 3 pillars to save the Euro Zone, but they can't agree on any of the details. lol
Yay! Pips for everyone!
  • #5,304
  • Oct 26, 2011 10:10am Oct 26, 2011 10:10am
The only way I think they can really fix Europe is if they go to a United States of Europe, I don't think that's possible, but you never know. I don't think Euro member states are going to want to give up their fiscal sovereignty to Germany.
Yay! Pips for everyone!
  • #5,305
  • Oct 26, 2011 10:10am Oct 26, 2011 10:10am
Quoting drtorque
Thanks PT!
When is this press conference?
I am not sure of the exact time but some time around or after 1700 CET
Here is a link to the live feed (also available in the EU Crisis calendar on Page 1)

.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,306
  • Oct 26, 2011 10:12am Oct 26, 2011 10:12am
Quoting Pipsforall
I agree, but I don't think there is anything they can say in the PC that is going to be bullish, the entire world knows that they broadly agree on the 3 pillars to save the Euro Zone, but they can't agree on any of the details. lol
Agreed 100%
However, big boys with deep pockets may have other ideas.
Europe doesn't have to be fixed for the Euro to stay flat or go up.
All you need is for truckload dumping of USDs.

Just be careful
Those who say it cannot be done should not interrupt those who are doing it
  • #5,307
  • Oct 26, 2011 10:16am Oct 26, 2011 10:16am
Quoting Pipsforall
The only way I think they can really fix Europe is if they go to a United States of Europe, I don't think that's possible, but you never know. I don't think Euro member states are going to want to give up their fiscal sovereignty to Germany.
You are correct. That's just a pipe dream.

Germany will only agree to that if they become the dictators of fiscal policy, which all the other members would never agree to anyway.

So forget that idea.

.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,308
  • Oct 26, 2011 10:19am Oct 26, 2011 10:19am
Quoting Pipsforall
The only way I think they can really fix Europe is if they go to a United States of Europe, I don't think that's possible, but you never know. I don't think Euro member states are going to want to give up their fiscal sovereignty to Germany.
It would probably be good for their economy though.
Kill the ego, or it will kill the mission.
  • #5,309
  • Oct 26, 2011 10:23am Oct 26, 2011 10:23am
Quoting Pipsforall
The only way I think they can really fix Europe is if they go to a United States of Europe, I don't think that's possible, but you never know. I don't think Euro member states are going to want to give up their fiscal sovereignty to Germany.
lol and germany or france will fight for the seat of power for C.I.C position
Have I got something on my face, SOLDIER?
  • #5,310
  • Oct 26, 2011 10:25am Oct 26, 2011 10:25am
Quoting Tom_D_Trader
Attention, attention, margin call ahead.

No seriously man. GL, but 3 lots with this account at this stage. no way
The deal so far in such a situation.
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  • #5,311
  • Oct 26, 2011 10:26am Oct 26, 2011 10:26am
Quoting Smart man
The deal so far in such a situation.
Excellent SmartMan
Those who say it cannot be done should not interrupt those who are doing it
  • #5,312
  • Oct 26, 2011 10:29am Oct 26, 2011 10:29am
4 Smartman:

Man Even if you were a genious and were right, money management is serious issue and market can be irrational very very often.
"I know one thing, that I know nothing." Sokrates
  • #5,313
  • Oct 26, 2011 10:29am Oct 26, 2011 10:29am
ECB's Stark says bank recapitalisation is decisive point to avoid worsening crisis, and says not sure if worst of the crisis is behind us

.
http://www.reuters.com/resources/r/?...PTP_0_HONGKONG
Those who say it cannot be done should not interrupt those who are doing it
  • #5,314
  • Oct 26, 2011 10:30am Oct 26, 2011 10:30am
Quoting PipTrapper
I am not sure of the exact time but some time around or after 1700 CET
Here is a link to the live feed (also available in the EU Crisis calendar on Page 1)

.
The Press Conference is at 22:00 CET.
Observation is the path to discovery.
  • #5,315
  • Oct 26, 2011 10:33am Oct 26, 2011 10:33am
Quoting Smart man
The deal so far in such a situation.
this guy is not a gambler. he is a smart trader, making much money.

thats all

i just say be careful when u are wrong.
Have I got something on my face, SOLDIER?
  • #5,316
  • Oct 26, 2011 10:33am Oct 26, 2011 10:33am
Quoting Alorente
The Press Conference is at 22:00 CET.
Thanks for pointing that out alorente
I meant to write 1700 NY time but I guess that is wrong also.
It is 16:00 NY Time (22:00 CET)
I will update it on page 1
Those who say it cannot be done should not interrupt those who are doing it
  • #5,317
  • Oct 26, 2011 10:35am Oct 26, 2011 10:35am
Quoting Alorente
The Press Conference is at 22:00 CET.
Of course they do it after NY close
Those who say it cannot be done should not interrupt those who are doing it
  • #5,318
  • Oct 26, 2011 11:12am Oct 26, 2011 11:12am
I guess everyone is flat and thus I take the opportunity to ask this.
We have been discussing on how they won't produce anything that is near enough today at the Euro meeting, but what would be sufficient to satisfy the markets?
- Expanding the EFSF?
- Eurobonds?
- Increase legislation that allows EU to set taxes in the member countries (Property etc)
- ...
  • #5,319
  • Oct 26, 2011 11:14am Oct 26, 2011 11:14am
How do you identify a swing high (FIbs and PA?)

Quoting PipTrapper
This is very encouraging.
If this keeps up I will short on the next H1 swing high.

.
  • #5,320
  • Oct 26, 2011 11:18am Oct 26, 2011 11:18am
Just trying to see if I can post my 1st chart guys...or not. If it posts, then I would ask if likelihood is that we might range between the red trend lines till 22.00 cet (eu press conference), ie betw 13800 & 13850.
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The spoken word is your master, the unspoken word your slave.
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