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  • #566,421
  • Nov 27, 2011 3:45pm Nov 27, 2011 3:45pm
Even if Italy get $600 billion, the fundamental problems are still there and they can't be fixed by conventional methods.

Due to the fact no central banker or politician out there has the balls to do what is right we will be in an even worse problem after they've run out of money again.

Just get it over and done with. Now.
  • #566,422
  • Nov 27, 2011 3:45pm Nov 27, 2011 3:45pm
I'm expecting price to open at 3250 and climb to 3310 (6 am) for next run down.
Founder of Sutherland Wave Principle
  • #566,423
  • Nov 27, 2011 3:48pm Nov 27, 2011 3:48pm
So when my broker opens my stop loss of 3250 wont be filled anywhere lower than the open price?

Even though other people might have opposite over weekend stops?

Basically my accounts gonna get plumped.

I suppose you learn the hard way.
  • #566,424
  • Nov 27, 2011 3:49pm Nov 27, 2011 3:49pm
Quoting suthmo
I'm expecting price to open at 3250 and climb to 3310 (6 am) for next run down.
I don't think so because italian rate will go down and european stock market will go up tomorrow...
  • #566,425
  • Edited 5:05pm Nov 27, 2011 3:53pm | Edited 5:05pm
Quoting JeremyWS
Even if Italy get $600 billion, the fundamental problems are still there and they can't be fixed by conventional methods.

Due to the fact no central banker or politician out there has the balls to do what is right we will be in an even worse problem after they've run out of money again.

Just get it over and done with. Now.

Well, live the fantasy for a moment:

1) Italy's new technocratic Yale-educated PM really is reform-minded, doesn't have to answer to constituencies since he was appointed (not elected), and sets out to change his country's attitude toward work and retirement which causes a widespread outbreak of gumption (if only in Greece!!).
2) The IMF comes in with money, but imposes terms that give Monti a strong backing to argue for such changes (you know... the good cop/bad cop thing).
3) It all requires a lot of time and money... EU600 Bln and 18 months might make it practical.

Who knows?
  • #566,426
  • Nov 27, 2011 3:56pm Nov 27, 2011 3:56pm
Quoting JeremyWS
Even if Italy get $600 billion, the fundamental problems are still there and they can't be fixed by conventional methods.

Due to the fact no central banker or politician out there has the balls to do what is right we will be in an even worse problem after they've run out of money again.

Just get it over and done with. Now.
They will just use the old traditional way . which is DEBT to create more money. or QE Like Our Uncle Ben Bernanke to pay off their debts. Unlike China They Have Huge savings which now a problem whereby they need to protect their huge savings which kept inside U.S treasuries. if US is down then china will have same fate.

just like an Individual ordinary savers have chosen an almost bankrupt Bank. in order to protect my losses I need to protect the bank as well. so as to speak if the Bank close down. all my savings will be gone
  • #566,427
  • Nov 27, 2011 3:59pm Nov 27, 2011 3:59pm
Quoting suthmo
I'm expecting price to open at 3250 and climb to 3310 (6 am) for next run down.
Open above 3310 i think 3320.
  • #566,428
  • Nov 27, 2011 4:00pm Nov 27, 2011 4:00pm
Quoting alxdlx
I don't think so because italian rate will go down and european stock market will go up tomorrow...

looking at that harsh rejection at 3243 on the 15 min it has probably gone down and broke out further to the downside?
Founder of Sutherland Wave Principle
  • #566,429
  • Nov 27, 2011 4:02pm Nov 27, 2011 4:02pm
Quoting mrfxlee
They will just use the old traditional way . which is DEBT to create more money. or QE Like Our Uncle Ben Bernanke to pay off their debts. Unlike China They Have Huge savings which now a problem whereby they need to protect their huge savings which kept inside U.S treasuries. if US is down then china will have same fate.

just like an Individual ordinary savers have chosen an almost bankrupt Bank. in order to protect my losses I need to protect the bank as well. so as to speak if the Bank close down. all my savings will be gone
Only the ECB can print money for Europe and they seem to be firmly against the idea, after all QE is the last ditch effort for a failed economy especially after Euro's only been going for a while.

I'm going to ride this wave up until the rumours of contagion spread again and we see 7% 10yr across the board (-Germany)

These traders that are buying Euros know full well that its fuck*d and they are also just riding it until the first tremor that's sets of the inevitable crash.

NO government can change its fiscal standings in 12 months and if the Euro lasts till next summer, Italy will still have over 100% debt/GDP.

Its basically all pointless.
  • #566,430
  • Nov 27, 2011 4:11pm Nov 27, 2011 4:11pm
Quoting JeremyWS

NO government can change its fiscal standings in 12 months and if the Euro lasts till next summer, Italy will still have over 100% debt/GDP.

Its basically all pointless.
yes and how much is the debt for the US? will the dollar collapse then too..?
'You must be the change you wish to see in the world' . Gandhi
  • #566,431
  • Nov 27, 2011 4:13pm Nov 27, 2011 4:13pm
Quoting JeremyWS
Only the ECB can print money for Europe and they seem to be firmly against the idea, after all QE is the last ditch effort for a failed economy especially after Euro's only been going for a while.

I'm going to ride this wave up until the rumours of contagion spread again and we see 7% 10yr across the board (-Germany)

These traders that are buying Euros know full well that its fuck*d and they are also just riding it until the first tremor that's sets of the inevitable crash.

NO government can change its fiscal standings in 12 months and...
yes, indeed for ECB statement for now they will not print anymore additional Money or what we called as QE. but due to History Fact. GBP was a foreign reserves along time ago. and They had QE and soon they will have QE this coming month soon.

QE is just an old method solve the crisis. I expect the financial world will go round and round just like that. nothing change
  • #566,432
  • Nov 27, 2011 4:13pm Nov 27, 2011 4:13pm
I have wiped the chart clean and saw something else. Is it possible we could be seeing a breakout pattern?
Attached Image (click to enlarge)
Click to Enlarge Name: breakoutmaybe.gif Size: 22 KB
  • #566,433
  • Nov 27, 2011 4:14pm Nov 27, 2011 4:14pm
Quoting Tyoon
I have wiped the chart clean and saw something else. Is it possible we could be seeing a breakout pattern?
I have no idea yet. still waiting for the gap to be filled . we shall see this breakout outcome on Europe session.
  • #566,434
  • Nov 27, 2011 4:15pm Nov 27, 2011 4:15pm
Quoting Tyoon
I have wiped the chart clean and saw something else. Is it possible we could be seeing a breakout pattern?
which pattern ?
  • #566,435
  • Nov 27, 2011 4:17pm Nov 27, 2011 4:17pm
Quoting al5al majd
f$CK TO THIS COMPANY THEY OPEN THIS PENDING ORDER BUY @ 1.3320 REALLY f$CK TO THEM .. I CLOSE -70$
I thought you got them before the weekend.

Pendings or stops that get triggered during the weekend always trade @ brokers open price.

That makes weekend trades extremely dangerous.
  • #566,436
  • Nov 27, 2011 4:19pm Nov 27, 2011 4:19pm
Quoting Pip and Run
she did better analysis than you . all you do is just talk nonsense and never post any charts to support yourself....
so quite talking bad about fxbabie and post some charts and substantiate your analysis ....talking is for losers ...
Quoting Pip and Run
thats not true ...he/she has had successfull calls ....more successfull calls than losses...
and if you think you can have 100% sucess rate then go work with Goldmansachs and stop wasting time on forex factory....

just my two cents ..
The more you talk, the more you confirm you are FX Babie. You just have to brag about your former identity. You cannot resist your (trollish) pride. You don't even make the effort to conceal yourself.

Quoting Pip and Run
this forum is really loosing direction ( not that it had any..) . lol....all we talk about is fx babie ..
And you enjoy the attention. Are you still getting paid by the post? Are they going to penalize you cause you got your other identity banned?

I never understood people like this. You've been proven to be wrong many times, yet your ego just can't accept it. And this is the first time I've ever seen a troll that's getting paid to be a troll.
  • #566,437
  • Nov 27, 2011 4:23pm Nov 27, 2011 4:23pm
Quoting JeremyWS
NO government can change its fiscal standings in 12 months and if the Euro lasts till next summer, Italy will still have over 100% debt/GDP.

Its basically all pointless.
all we care as a forex trader is, "Hey, move the market please.." so i can make some dollar on the up and down. not pointless for me.
  • #566,438
  • Nov 27, 2011 4:24pm Nov 27, 2011 4:24pm
Quoting Pip and Run
which pattern ?
Breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: breakoutmaybe.gif Size: 186 KB
  • #566,439
  • Nov 27, 2011 4:27pm Nov 27, 2011 4:27pm
Quoting mrfxlee
I have no idea yet. still waiting for the gap to be filled . we shall see this breakout outcome on Europe session.

there is 100 pips gap to fill up which i think its unlikely to fill up in 8 hours time.
  • #566,440
  • Nov 27, 2011 4:29pm Nov 27, 2011 4:29pm
Good afternoon everyone

Nice little jump there, perfect for some scalping

Good 60 pips to be caught to fill this gap; if it gets filled sometime later in the day

Be careful though

Do good stuff

Steve
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