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EurAnalysis Kindergarten 24 replies

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  • #14,081
  • Dec 9, 2011 5:32am Dec 9, 2011 5:32am
Quoting michaelnew
Huh, pocketed a total of 346 pips on my longs over night, my TP was 1.3421, price went through it like a hot knife through butter, to quote a wise man

I'll stay on my hands for a while, enjoying my account back to 90% after a hit which took me to 20% two weeks ago.

Whata week!

Trade safe!
Well done Micheal
Those who say it cannot be done should not interrupt those who are doing it
  • #14,082
  • Dec 9, 2011 5:33am Dec 9, 2011 5:33am
EU press conference starting
http://video.consilium.europa.eu/web...=775-982-10547
Those who say it cannot be done should not interrupt those who are doing it
  • #14,083
  • Dec 9, 2011 5:34am Dec 9, 2011 5:34am
Quoting PipTrapper
EU press conference starting
http://video.consilium.europa.eu/web...=775-982-10547
tnx
"I know one thing, that I know nothing." Sokrates
  • #14,084
  • Dec 9, 2011 5:39am Dec 9, 2011 5:39am
BUBA: “Fundamentally open” to bilateral loans to IMF – Dow Jones

That’s what gave us the pop in EUR/USD.
■ Talking with German govt over modality of loans
■ Loans to IMF mustn’t be earmarked for euro zone
■ Important to observe IMF rules in use of funds

Another factor being mentioned to explain violent pop in EUR/USD is news that China is to create $300 bln fx vehicle. The vehicle is to comprise two funds, one focused on Europe, one on US.

I’d think the BUBA comments had more effect.

Source: http://www.forexlive.com/blog/2011/1...-loans-to-imf/
Those who say it cannot be done should not interrupt those who are doing it
  • #14,085
  • Dec 9, 2011 5:40am Dec 9, 2011 5:40am
Quoting PipTrapper
Well done Micheal
Thanks, PT, appreciate it
  • #14,086
  • Dec 9, 2011 5:41am Dec 9, 2011 5:41am
ECB sources: ECB sovereign bond buying capped at maximum 20 billion euros per week

Reuters reporting.

Just incase you thought they were about to start cranking things up .

■ EU summit outcome in line with expectations, no need to consider additional action now

Source: http://www.forexlive.com/blog/2011/1...uros-per-week/
Those who say it cannot be done should not interrupt those who are doing it
  • #14,087
  • Dec 9, 2011 5:44am Dec 9, 2011 5:44am
I wonder who is the One country who disagrees. But bet it is us .

T
"I know one thing, that I know nothing." Sokrates
  • #14,088
  • Dec 9, 2011 5:46am Dec 9, 2011 5:46am
Quoting Tom_D_Trader
I wonder who is the One country who disagrees. But bet it is us .

T
Ah it is UK. What a shame. Shame on you Czech reprezentation.
"I know one thing, that I know nothing." Sokrates
  • #14,089
  • Dec 9, 2011 5:51am Dec 9, 2011 5:51am
He didn't say anything stupid so all as expected.
Inflation in things we need, Deflation in things we want.
  • #14,090
  • Dec 9, 2011 5:54am Dec 9, 2011 5:54am
Quoting Tom_D_Trader
I would like to expand here and will be glad if someone joined me. This is post from Fool which is qoute from European council agreement. Thanks Fool. My questions and comments are in italics behind each point.



11. Longer term reforms such as the ones set out above must be combined with immediate action to forcefully address current market tensions.
Immediate, forcefully. I just love these strong words without backgroung.

...
I know how to play this game.

Inserted Video



Mabey this will help.

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I don't care which way the market is going as long as it's going my way
  • #14,091
  • Dec 9, 2011 5:55am Dec 9, 2011 5:55am
Quoting PipTrapper
ECB sources: ECB sovereign bond buying capped at maximum 20 billion euros per week

Reuters reporting.

Just incase you thought they were about to start cranking things up .

■ EU summit outcome in line with expectations, no need to consider additional action now

Source: http://www.forexlive.com/blog/2011/1...uros-per-week/
that works out to just over 1T in QE a year. This should about do it for 2012.
Kill the ego, or it will kill the mission.
  • #14,092
  • Dec 9, 2011 6:03am Dec 9, 2011 6:03am
hi guys been reading this morning that david cameron has said no to the EU treaty.

isnt this a big thing? i have been looking around various sites and thought the fact the UK isnt giving any support to the EU would have a big impact on the markets?

but there doesnt seem to be many people even discussing it?
  • #14,093
  • Dec 9, 2011 6:03am Dec 9, 2011 6:03am
Quoting AaronWard
that works out to just over 1T in QE a year. This should about do it for 2012.
so far.
Those who say it cannot be done should not interrupt those who are doing it
  • #14,094
  • Dec 9, 2011 6:05am Dec 9, 2011 6:05am
Quoting PipKiller
Mabey this will help.
I have never paid taxes untill now, as I always worked on myself. And I am an accountant, so I always managed to show 0 to tax office . This is actually first year of my life when I pay taxes. And I am working hard to stop doing so. Just couple more months and I double up my account. And dont you think I am going to pay taxes to those corrupt bastards from it .

T
"I know one thing, that I know nothing." Sokrates
  • #14,095
  • Dec 9, 2011 6:06am Dec 9, 2011 6:06am
Quoting red2010
hi guys been reading this morning that david cameron has said no to the EU treaty.

isnt this a big thing? i have been looking around various sites and thought the fact the UK isnt giving any support to the EU would have a big impact on the markets?

but there doesnt seem to be many people even discussing it?
This is an expected result. The UK does not want to put it's fiscal sovereignty in question. The UK will never adopt the Euro (well never doesn't mean never, but certainly not as long as the EZ has noting to offer them), so they do not need to be fiscally supervised by anyone as their fiscal policy is of no consequence to the EZ.
Those who say it cannot be done should not interrupt those who are doing it
  • #14,096
  • Dec 9, 2011 6:09am Dec 9, 2011 6:09am
Quoting PipTrapper
This is an expected result. The UK does not want to put it's fiscal sovereignty in question. The UK will never adopt the Euro (well never doesn't mean never, but certainly not as long as the EZ has noting to offer them), so they do not need to be fiscally supervised by anyone as their fiscal policy is of no consequence to the EZ.
Czech president wont sign any amendment to treaty as well. Its just the parliament who approves that. It is a shame his mandate is almost finished. Somewhat in the midst of 2013 I think.

T
"I know one thing, that I know nothing." Sokrates
  • #14,097
  • Dec 9, 2011 6:18am Dec 9, 2011 6:18am
No change in the drawing of trend lines or supply and demand zones on the daily chart I posted yesterday.

Down channel has held so far to the upside. Shorter term up channel and possible bear flag broke to the down side yesterday. Price has been unable to get back to the supply zone so far today. Bollenger band mean has held fairly well as resistance the last few days and the outer bands are starting to narrow as price consolidates.

The little "risk on" rally this morning has been pretty much a dollar dumping move with that it easily seen looking at the majors. Many crosses like the EUR and GBP vs the aussie and kiwi are still showing "risk off" even after getting a bit of a "risk on" bump.

Futures are showing "risk on" headed into the NY open.

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I don't care which way the market is going as long as it's going my way
  • #14,098
  • Dec 9, 2011 6:18am Dec 9, 2011 6:18am
Price slowing a bit next to support at 3398.
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"I know one thing, that I know nothing." Sokrates
  • #14,099
  • Dec 9, 2011 6:19am Dec 9, 2011 6:19am
Quoting Tom_D_Trader
Czech president wont sign any amendment to treaty as well. Its just the parliament who approves that. It is a shame his mandate is almost finished. Somewhat in the midst of 2013 I think.

T
What a political chaos.
Inflation in things we need, Deflation in things we want.
  • #14,100
  • Dec 9, 2011 6:25am Dec 9, 2011 6:25am
My Mid Term Outlook
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If there was easy money lying around,no one would be forcing it into your
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