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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #13,661
  • Dec 7, 2011 3:21am Dec 7, 2011 3:21am
Ok Aaron, I call it a tie and I wont be so strict with my opinions about PR next times. I will be modest. Like this : Fook PR!

Anyway, so we dont get lost from the original topic. That is heavy PR what is Merkozy and whole EU doing right now. Btw, yesterday, in our national TV (Which is unofficially run by political party who has majority in parliament and who is member of leading coalition in Brusselles) I have heard "financial expert" speaking. He told that everyone who was betting on weakness of Euro is heavily loosing right now. He also told, that European summit will solve all our problems, Eurobonds will be launched as well as Fiscal union. I had a good laugh.

T
"I know one thing, that I know nothing." Sokrates
  • #13,662
  • Dec 7, 2011 3:30am Dec 7, 2011 3:30am
PipTrapper,

Tks for the informative update. In agreement, but I do favor the downside......its wait & see for me as well.

___________________________________
  • #13,663
  • Dec 7, 2011 3:40am Dec 7, 2011 3:40am
Quoting Tom_D_Trader
Ok Aaron, I call it a tie and I wont be so strict with my opinions about PR next times. I will be modest. Like this : Fook PR!

Anyway, so we dont get lost from the original topic. That is heavy PR what is Merkozy and whole EU doing right now. Btw, yesterday, in our national TV (Which is unofficially run by political party who has majority in parliament and who is member of leading coalition in Brusselles) I have heard "financial expert" speaking. He told that everyone who was betting on weakness of Euro...
When it comes to PR (aka lies and deception) I laugh on the outside to hide that I am crying on the inside. Except, of course, the times I cry on the outside to hide the fact that I am laughing on the inside.

BTW I have just got Sisse to agree that the ESFS is really a limited form of Eurobonds. So chalk one more up to PR. They are fighting for and against Eurobonds when functionally the battle has already been won, and the other side even forgot to fight.
Kill the ego, or it will kill the mission.
  • #13,664
  • Dec 7, 2011 3:50am Dec 7, 2011 3:50am
Quoting AaronWard
BTW I have just got Sisse to agree that the ESFS is really a limited form of Eurobonds. So chalk one more up to PR. They are fighting for and against Eurobonds when functionally the battle has already been won, and the other side even forgot to fight.

It is the same with printing press + lender of last resort. ECB aint sterilizing.

In fact, lender of last resolt is some sort of printing press and they are lender of last resort no matter what they say. They are buying toxic assets for their money, yea, they are not printing money. But they are experiencing massive lossess, since they are buying toilet paper for values. This stealth QE could be considered as some sort of virtual printing press.

T
"I know one thing, that I know nothing." Sokrates
  • #13,665
  • Dec 7, 2011 3:57am Dec 7, 2011 3:57am
Quoting Tom_D_Trader
It is the same with printing press + lender of last resort. ECB aint sterilizing.

In fact, lender of last resolt is some sort of printing press and they are lender of last resort no matter what they say. They are buying toxic assets for their money, yea, they are not printing money. But they are experiencing massive lossess, since they are buying toilet paper for values. This stealth QE could be considered as some sort of virtual printing press.

T
Yup.
Kill the ego, or it will kill the mission.
  • #13,666
  • Dec 7, 2011 5:01am Dec 7, 2011 5:01am
Quoting FXMindset
Closed 40 Pips - 0,6% Gain
Closed short 37 pips
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #13,667
  • Dec 7, 2011 5:39am Dec 7, 2011 5:39am
Quoting FXMindset
Closed short 37 pips
Was your entry the trendline break?
Why did you exit?
  • #13,668
  • Dec 7, 2011 5:42am Dec 7, 2011 5:42am
Here is my post-analysis. Hope is useful to someone.
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  • #13,669
  • Dec 7, 2011 5:48am Dec 7, 2011 5:48am
Quoting Tyoon
Here is my post-analysis. Hope is useful to someone.
Doesnt seem like an analysis to me. But nevertheless, that newsfeed seems really nice.

T
"I know one thing, that I know nothing." Sokrates
  • #13,670
  • Dec 7, 2011 5:49am Dec 7, 2011 5:49am
By JUERGEN BAETZ
Associated Press

BERLIN (AP) - A German official has sought to dampen down expectations for a summit on the European debt crisis this week, saying he is pessimistic about the chances of a far-reaching deal.

The official told reporters Wednesday that "we have the impression that a number of actors have not yet understood the seriousness of the situation."

The official, who was speaking on condition of anonymity ahead of the Thursday-Friday summit, says Germany insists on either a substantial treaty change among the 27 countries, or a new treaty for the 17 euro countries and any other country that wants to join.

He also came out against a push by EU President Herman Van Rompuy to avoid a treaty change in the short-term and instead try to enforce more fiscal discipline within the existing treaty.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Oops

http://www.kndu.com/story/16206234/g...ress-in-europe
Those who say it cannot be done should not interrupt those who are doing it
  • #13,671
  • Dec 7, 2011 5:50am Dec 7, 2011 5:50am
Quoting Tyoon
Here is my post-analysis. Hope is useful to someone.
..just got some time ..omg what is this!!? Would like to know abt this more
Possible for posting indies, templates and most importantly How u r doing this? Appreciate a comprehensive view.
  • #13,672
  • Dec 7, 2011 5:51am Dec 7, 2011 5:51am
Quoting Tom_D_Trader
Doesnt seem like an analysis to me. But nevertheless, that newsfeed seems really nice.

T
Note I said post-analysis. It's purely for education. I did not trade this set-up.
  • #13,673
  • Dec 7, 2011 5:56am Dec 7, 2011 5:56am
How are you bears doing? Good I take it? I'm battling a bad A/U position at the moment so I've been neglecting E/U but it seems the pair is in a downward channel and we may even erase all the gain last Wednesday. What'd you say, PT?

EDIT: Every time I thought there isn't going to be a bear catalyst, some big guys run their mouth and E/U drops.
  • #13,674
  • Dec 7, 2011 5:58am Dec 7, 2011 5:58am
Quoting rekon67
..just got some time ..omg what is this!!? Would like to know abt this more
Possible for posting indies, templates and most importantly How u r doing this? Appreciate a comprehensive view.
I am simply screen-shooting my charts and news feeds and compiling them onto a wall. This helps keep all my current thoughts and previous analysis together in one picture. The section I posted up was just a small snippet.
  • #13,675
  • Dec 7, 2011 5:58am Dec 7, 2011 5:58am
Quoting PipTrapper
[i]By JUERGEN BAETZ
Associated Press

BERLIN (AP) - A German official has sought to dampen down expectations for a summit on the European debt crisis this week, saying he is pessimistic about the chances of a far-reaching deal.

The official told reporters Wednesday that "we have the impression that a number of actors have not yet understood the seriousness of the situation."

The official, who was speaking on condition of anonymity ahead of the Thursday-Friday summit, says Germany insists on either a substantial treaty change among the 27 countries,...
hmmm, looks like a rumor machine to me. It may be indicative of a real problem on the talks, but also a rumor designed to dump the price for a better long position. I'd say it's 35% true, 65% rumor.
  • #13,676
  • Dec 7, 2011 6:04am Dec 7, 2011 6:04am
Quoting Gofer Pips
Was your entry the trendline break?
Why did you exit?
Exit : Target short term with RR 1:2 so even the prices keep going my favour am still will target 1:2 RR
will hold my long/short based on daily only,my Daily indicates breakdown now,but am not short yet,like to see how thing progress
Yes,entry the trendline break
If there was easy money lying around,no one would be forcing it into your
  • #13,677
  • Dec 7, 2011 6:06am Dec 7, 2011 6:06am
Quoting Tyoon
Here is my post-analysis. Hope is useful to someone.
Nice Chart
If there was easy money lying around,no one would be forcing it into your
  • #13,678
  • Dec 7, 2011 6:11am Dec 7, 2011 6:11am
Quoting jeff_b
How are you bears doing? Good I take it? I'm battling a bad A/U position at the moment so I've been neglecting E/U but it seems the pair is in a downward channel and we may even erase all the gain last Wednesday. What'd you say, PT?

EDIT: Every time I thought there isn't going to be a bear catalyst, some big guys run their mouth and E/U drops.
Just blame it on Tom. He's the one shorting like a moron

Seriously though. as I have said in the last two updates, much will depend heavily on two risk events. Tomorrow's ECB press conference and Friday's Muppet Show. Will Miss Piggy give Kermy the big "Haaa Yaaaa" and the Euro tumbles? Or will they make love and create more hopiumized euro-phoria?
For me it is a wait and see situation. I am flat and I don't have a functioning crystal ball. Anyone trading this pair since May surely knows that it has been driven more by political headlines than by actual technicals and fundamentals. If it were, it would be at 1.20 already.

Trade safe everyone. It's shark invested waters out there and as you know, sharks don't take prisoners.

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Those who say it cannot be done should not interrupt those who are doing it
  • #13,679
  • Dec 7, 2011 6:14am Dec 7, 2011 6:14am
Quoting michaelnew
hmmm, looks like a rumor machine to me. It may be indicative of a real problem on the talks, but also a rumor designed to dump the price for a better long position. I'd say it's 35% true, 65% rumor.
It follows the basic rule of expectation management.
Under commit... Over deliver.
Time will tell. Certainly nothing to use as a basis for a trade.
Those who say it cannot be done should not interrupt those who are doing it
  • #13,680
  • Dec 7, 2011 6:15am Dec 7, 2011 6:15am
Quoting PipTrapper
Certainly nothing to use as a basis for a trade.
exactly
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