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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #7,281
  • Nov 3, 2011 3:45am Nov 3, 2011 3:45am
Quoting FXMindset
Hello Aaron,

Many thanks for the assist,Thats help answer my questions
If you join with a new name I will be happy to vouch for you a second time.
Kill the ego, or it will kill the mission.
  • #7,282
  • Nov 3, 2011 3:46am Nov 3, 2011 3:46am
Quoting AaronWard
Yeah, I see. But I just don't get it... how could a collapse of the Greek government be better than a simple referendum?
because based on the anticipated results to a referendum, EZ membership will be put on the line, whilst an election may not.
Therefore a referendum is the greatest of the two evils.
Try to see this situation in multiple shades of grey rather than in black and white.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,283
  • Nov 3, 2011 3:47am Nov 3, 2011 3:47am
Quoting AaronWard
If you join with a new name I will be happy to vouch for you a second time.
You have my voucher also
Those who say it cannot be done should not interrupt those who are doing it
  • #7,284
  • Nov 3, 2011 3:48am Nov 3, 2011 3:48am
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  • #7,285
  • Nov 3, 2011 3:50am Nov 3, 2011 3:50am
Quoting Gofer Pips
LOL. Yep it's a mixed market today.
Wait for Draghi. He will lead the way today
Those who say it cannot be done should not interrupt those who are doing it
  • #7,286
  • Nov 3, 2011 3:52am Nov 3, 2011 3:52am
Quoting PipTrapper
because based on the anticipated results to a referendum, EZ membership will be put on the line, whilst an election may not.
Therefore a referendum is the greatest of the two evils.
Try to see this situation in multiple shades of grey rather than in black and white.
what I see is rather than a simple solution we have a far more complex solution, and an unlimited supply of bad news to rock the Euro. Oh well, I guess we will have a lot more opportunities ot short the Euro in the coming months...
Kill the ego, or it will kill the mission.
  • #7,287
  • Nov 3, 2011 3:53am Nov 3, 2011 3:53am
Quoting AaronWard
what I see is rather than a simple solution we have a far more complex solution, and an unlimited supply of bad news to rock the Euro. Oh well, I guess we will have a lot more opportunities ot short the Euro in the coming months...
Maybe even today. Let's see what Draghi does.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,288
  • Nov 3, 2011 3:57am Nov 3, 2011 3:57am
Quoting AaronWard
what I see is rather than a simple solution we have a far more complex solution, and an unlimited supply of bad news to rock the Euro. Oh well, I guess we will have a lot more opportunities ot short the Euro in the coming months...
Aaron, here's your answer.

European shares aided by Greek govt collapse talk

European shares recovered from earlier losses on Thursday on hopes a potential collapse of the Greek government would avoid a referendum on its bailout package, easing some concerns of an imminent Greek default.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,289
  • Nov 3, 2011 3:59am Nov 3, 2011 3:59am
PT,
Just your thoughts while you are in a mind-altering state.

Have you thought about the ramifications of a Global reset of all existing debts?
Sorta like a do over.
Seems global trade would change quite a bit, like C.O.D., and that would be if debt holders did not want to start a war to get their money back, but their economy would collapse from loss of reserves.......
I don't know.

It's just crazy shiznit rattling around my hollow gourd as I await the crazy Italian Dracula!
  • #7,290
  • Nov 3, 2011 4:05am Nov 3, 2011 4:05am
Apparently the Greek PM may withdraw his referendum, then what? Bend over for the EZ? Things are getting interesting and price is ranging too.
  • #7,291
  • Nov 3, 2011 4:09am Nov 3, 2011 4:09am
Quoting Gofer Pips
PT,
Have you thought about the ramifications of a Global reset of all existing debts? Sorta like a do over.
http://en.wikipedia.org/wiki/Jubilee_(Christianity)
"If The Fool persists in his Folly he will become wise." - William Blake
  • #7,292
  • Nov 3, 2011 4:14am Nov 3, 2011 4:14am
Quoting The Fool
http://en.wikipedia.org/wiki/Jubilee_(Christianity)
Thanks Fool. That's exactly what I'm asking.
Only problem is this is only a Judeo-Christian custom.
  • #7,293
  • Nov 3, 2011 4:16am Nov 3, 2011 4:16am
Quoting Gofer Pips
Have you thought about the ramifications of a Global reset of all existing debts?
Sorta like a do over.
Quoting The Fool
http://en.wikipedia.org/wiki/Jubilee_(Christianity)
I guess it won't happen till 2025
In the meantime, it's business as usual. More debt and more dominoes.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,294
  • Nov 3, 2011 4:36am Nov 3, 2011 4:36am

Welcome to the soap Opera........as the Greeks churn!

Greek PM has Not Resigned and will Not Resign - RTRS
http://www.forexfactory.com/news.php?do=news&id=323942


According to report Greek PM Will submit resignation today
http://www.forexfactory.com/news.php?do=news&id=323945
  • #7,295
  • Nov 3, 2011 4:42am Nov 3, 2011 4:42am
Quoting Gofer Pips

Welcome to the soap Opera........as the Greeks churn!

Greek PM has Not Resigned and will Not Resign - RTRS
http://www.forexfactory.com/news.php?do=news&id=323942


According to report Greek PM Will submit resignation today
http://www.forexfactory.com/news.php?do=news&id=323945
... and have you noticed that the market is pretty well ignoring it all?
Those who say it cannot be done should not interrupt those who are doing it
  • #7,296
  • Nov 3, 2011 4:48am Nov 3, 2011 4:48am
Quoting PipTrapper
... and have you noticed that the market is pretty well ignoring it all?
Are you joking? My charts show a 40 pip range on the 1 minute charts.
Kill the ego, or it will kill the mission.
  • #7,297
  • Nov 3, 2011 5:08am Nov 3, 2011 5:08am
Quoting AaronWard
Are you joking? My charts show a 40 pip range on the 1 minute charts.
I think he's kidding
If there was easy money lying around,no one would be forcing it into your
  • #7,298
  • Nov 3, 2011 5:12am Nov 3, 2011 5:12am
Quoting AaronWard
Are you joking? My charts show a 40 pip range on the 1 minute charts.
Well lets say that overall it keeps dancing. Jumps 40 pips up, then 40 pips down.
Lucky trader = 80 pips profit.
Unlucky trader = 2x Stopped out.
Flat trader = feeling that market ignores the babbling.

  • #7,299
  • Nov 3, 2011 5:22am Nov 3, 2011 5:22am
Quoting Blobik
Well lets say that overall it keeps dancing. Jumps 40 pips up, then 40 pips down.
Lucky trader = 80 pips profit.
Unlucky trader = 2x Stopped out.
Flat trader = feeling that market ignores the babbling.

I was not joking. Normally such news would break all technical rules on the charts. Also such news should create a lot of uncertainty and induce a risk-off scenario. Not so today as market doesn't give a hoot and would rather see what comes out of the ECB and the G20 meetings.
As I said to you yesterday; whoever is nervous, is already out and the ones who decided to stay in are not going to chicken out over uncertain headlines.

The market movers are yet to come and I believe they will give us our long awaited shorting opportunity. In the meantime, we are getting a higher price to short at. So, it's all good
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Those who say it cannot be done should not interrupt those who are doing it
  • #7,300
  • Nov 3, 2011 5:30am Nov 3, 2011 5:30am
US Jobless claims report coming up in a couple of minutes.
Expecting 401K vs 402K last week.
If it comes in at or below 401K, expect a further push up into bear celebration territory.

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