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  • #562,381
  • Nov 16, 2011 1:38am Nov 16, 2011 1:38am
Another good quote....

Anyone needing a quick summary of the main tension lines in Europe as they currently stand can probably not do any better than the attached 3 minute explanation by Kyle Bass. And while he just participated in a far longer Q&A with BBC's Hardtalk program, which we will bring to you shortly, the attached video explains more in 150 seconds than a full day of watching the financial funny channel from basic cable. In a nutshell: Europe is about to see trillions in debt written down (the only mathematical explanation which makes sense, as presented for the nth time earlier by Charles Hugh Smith), the "profligate idiot" spenders of Southern Europe are not going to be bailed out by Germany, which has decided it has had enough of the "Mexican standoff" within the Eurozone, and will not be held by the short hairs any longer. And as for the quote that captures the total and utter chaos in Europe: "they have a German pope and an Italian central banker." Nuf said.
Live to Trade FX - Trade FX to Live
  • #562,382
  • Nov 16, 2011 1:39am Nov 16, 2011 1:39am
Quoting mainlinefx
This from a reputable source

Earlier we warned everyone that the Goldman stop loss triggers were if not hot then would be any minute. That just happened and the EURUSD tumbled a good 40 pips in seconds as soon as the several supporting bids just below 1.35 were finally eradicated, bringing the Euro to a 5 week low. And as a reminder, tomorrow we have some very interesting Spanish...
thanx for sharring
Trade responsiblypatience is the key/Swing trader
  • #562,383
  • Nov 16, 2011 1:41am Nov 16, 2011 1:41am
Morning everyone,

I wonīt post a screenshot, Cloggie would be mad that I am making it too easy for you, but just one good meant advice after I read several ridiculous posts a few pages back - start using trendlines.

We might have broken .3480 but the important stuff is about to happen. We are close to the point where a steep downward inner channel meets bottom of a longer term and more significant downward channel.

Break down and bears are set loose, bounce there and that steep channel is broken up = min. retrace highly probable.

Stay watchful.
Quant Hedge Fund CEO
  • #562,384
  • Nov 16, 2011 1:42am Nov 16, 2011 1:42am
Re-enter another short position

short 1.3452, SL 1.3465 , TP 1.3432. I expect another re-test our low. Can i get luck two times in a day ?
Keep Simple...!
  • #562,385
  • Nov 16, 2011 1:43am Nov 16, 2011 1:43am
PA is playing cat and mouse between 60 and 40. Need someone to blink first for proper breakout.
In other news: A ranger was trapped between a bull and a bear
  • #562,386
  • Nov 16, 2011 1:44am Nov 16, 2011 1:44am
Quoting normfx
Yes, its impossible to trade on feelings..reason..its hard to tell what the manipulators will do next..like London..they love to screw everyone watching them..and they do.

we will see. I've been s 1.37998 and adding all the way down. now s/l @ +275. Just gonna keep adding till target hit or stopped out. then on vacation for a week.
Live to Trade FX - Trade FX to Live
  • #562,387
  • Nov 16, 2011 1:44am Nov 16, 2011 1:44am
Stop hunting coming up? 1.35750 target..naughty banks..they wouldn't do that , would they? lol
entry - 1.29250 s/l 200 pips
  • #562,388
  • Nov 16, 2011 1:45am Nov 16, 2011 1:45am
Quoting normfx
German bank knows all the shorts stops are in 3464 area and above ..lets see if they hunt them...they may have other agenda's..be interesting to see.
Well, you might call it that. But with this last pattern, 3464 is the fail point, 3400 is the target. Prices shouldn't visit 3464 first. If it does, it shows bears are weak. You hand it to the bulls.
Don't just beat the markets, leave bruises.
  • #562,389
  • Nov 16, 2011 1:46am Nov 16, 2011 1:46am
Quoting KillerWhale
Not convincing yet but my stop = BE so no worries
BE got hit but same time opened another long 1.3435
New voice message: Why are you calling me? If I need you, I'll call you!
  • #562,390
  • Nov 16, 2011 1:46am Nov 16, 2011 1:46am
Quoting FXMastermind
Morning everyone,

I wonīt post a screenshot, Cloggie would be mad that I am making it too easy for you, but just one good meant advice after I read several ridiculous posts a few pages back - start using trendlines.

We might have broken .3480 but the important stuff is about to happen. We are close to the point where a steep downward inner channel meets bottom of a longer term and more significant downward channel.

Break down and bears are set loose, bounce there and that steep channel is broken up = min. retrace highly probable.

Stay watchful....
...and the important message is: sit tight on your hands and donīt try to sell low or pick bottoms here - wait for the market to resolve it for you.
Quant Hedge Fund CEO
  • #562,391
  • Nov 16, 2011 1:47am Nov 16, 2011 1:47am
testing range r since last s breakout.
Live to Trade FX - Trade FX to Live
  • #562,392
  • Nov 16, 2011 1:47am Nov 16, 2011 1:47am
Quoting normfx
Stop hunting coming up? 1.35750 target..naughty banks..they wouldn't do that , would they? lol
Sure they would, pips aren't for kids. lol
Yay! Pips for everyone!
  • #562,393
  • Nov 16, 2011 1:48am Nov 16, 2011 1:48am
Quoting FXMastermind
Morning everyone,

I wonīt post a screenshot, Cloggie would be mad that I am making it too easy for you, but just one good meant advice after I read several ridiculous posts a few pages back - start using trendlines.

Stay watchful.
Who the hell do you think you are?

IDIOT
New voice message: Why are you calling me? If I need you, I'll call you!
  • #562,394
  • Nov 16, 2011 1:48am Nov 16, 2011 1:48am
Quoting mainlinefx
we will see. I've been s 1.37998 and adding all the way down. now s/l @ +275. Just gonna keep adding till target hit or stopped out. then on vacation for a week.
You should do allright...your target may be a lil close to a round number..my stop is 200 pips lower..chance of hitting it is slim. Unless big news screws with price.
entry - 1.29250 s/l 200 pips
  • #562,395
  • Nov 16, 2011 1:49am Nov 16, 2011 1:49am
Quoting kotlt
Re-enter another short position

short 1.3452, SL 1.3465 , TP 1.3432. I expect another re-test our low. Can i get luck two times in a day ?
Failed, lol !
Keep Simple...!
  • #562,396
  • Edited 2:00am Nov 16, 2011 1:50am | Edited 2:00am
Quoting fontu
mofu down still eu & gu , gu in expanding triangle , a bear pattern . that is a pudendal block of the correction medium size possible .
fontu
Mofu changes pattern in eu , may be following gu with Frankie & so over 3464 possible even . anyway next last leg down should go as far as possible, previous levels remain intact , down in the mofu or break down further .
wavewise can over the down .

take care .little risky now , anyway not that great the retracement due 3496 . could not correct throughout the fall & now it got some hope !!
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #562,397
  • Nov 16, 2011 1:50am Nov 16, 2011 1:50am
requirements for me to go long on this trade .

1)price to hit the btm channel.
2)M15 - 21ema 10ema cross over and ma lining up nicely .
3)price to touch the S1
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  • #562,398
  • Nov 16, 2011 1:51am Nov 16, 2011 1:51am
Bank is doing a lil stop hunting here..rally should continue...most likely they'll bounce price around to screw with everyone.
entry - 1.29250 s/l 200 pips
  • #562,399
  • Nov 16, 2011 1:52am Nov 16, 2011 1:52am
Quoting kotlt
Failed, lol !
Go in again in the same direction. London open will take it down.
  • #562,400
  • Nov 16, 2011 1:52am Nov 16, 2011 1:52am
Quoting KillerWhale
Who the hell do you think you are?

IDIOT
That last line was a signature ?

...just kidding, no hard feelings, ok? I am just trying to save a few bucks to those who obviously are not really properly thinking when making decisions about their trading course and if you donīt see these around, you might just take your blindfold off. And - You might or might not take it personally, thatīs up to you after all.
Quant Hedge Fund CEO
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