The road to pipland is arduous and fraught with challenge.
- #15,783
- Dec 21, 2011 4:58am Dec 21, 2011 4:58am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
PT, what's your take on this ?
Why would you lift your offer on "better than expected" LTRO news ?
What constitutes as better anyway in this scenario ?
just by looking at bond yields then Italians are creeping up pretty quickly after the news...
Well it seems I wasn't paying attention.
SP500 hit the top of it's range so traders in long sp500 positions are now covering. This will have a negative impact on all risk assets.
As such, my sell limit remains at 1.3210 for now.
As for the implications of a greater than expected LTRO participation, I was going on the premise that banks are now sufficiently recapitalized for now. However, I missed the potential market's perception that the more they take up, the bigger the hidden problems may be. We'll just have to wait and see. For now I still think that the sudden drop after reaching 1.3190 is more technical in nature.
Those who say it cannot be done should not interrupt those who are doing it
- #15,785
- Dec 21, 2011 5:06am Dec 21, 2011 5:06am
- Joined Aug 2011 | Status: Trader | 10,724 Posts
forecast =
now =
different charts but try to look at the price levels.
3175 hit retracement in progress.
will long soon at parabola intersection with next fan angle
eu has 45 pip window to drop.
now =
different charts but try to look at the price levels.
3175 hit retracement in progress.
will long soon at parabola intersection with next fan angle
eu has 45 pip window to drop.
Have I got something on my face, SOLDIER?
- #15,786
- Dec 21, 2011 5:07am Dec 21, 2011 5:07am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #15,787
- Dec 21, 2011 5:08am Dec 21, 2011 5:08am
- Joined Sep 2011 | Status: I make Rambo look like a boy scout. | 1,472 Posts
That was fun to watch. High 1.3197 and now a 100+ pip drop in the last 45 minutes. Somebody big is playing here. I'm seeing some nasty price movements and spikes on this ECN broker Be careful.
Futures are showing "risk on" this morning.
Short term channel and trendline resistance has held so far.
Parabolic moves like this don't usually last long
Futures are showing "risk on" this morning.
Short term channel and trendline resistance has held so far.
Parabolic moves like this don't usually last long
I don't care which way the market is going as long as it's going my way
- #15,788
- Dec 21, 2011 5:10am Dec 21, 2011 5:10am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #15,789
- Dec 21, 2011 5:10am Dec 21, 2011 5:10am
- Joined Jul 2009 | Status: Winter is coming. Ask Kondratieff. | 8,196 Posts
Well it seems I wasn't paying attention.
SP500 hit the top of it's range so traders in long sp500 positions are now covering. This will have a negative impact on all risk assets.
...
aint you closing books?
T
"I know one thing, that I know nothing." Sokrates
- #15,790
- Dec 21, 2011 5:11am Dec 21, 2011 5:11am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Futures are still looking positive
and the euro looks like it will make another attempt higher. Time will tell.
and the euro looks like it will make another attempt higher. Time will tell.
Those who say it cannot be done should not interrupt those who are doing it
- #15,791
- Dec 21, 2011 5:15am Dec 21, 2011 5:15am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Hi,
aint you closing books?
T
Those who say it cannot be done should not interrupt those who are doing it
- #15,792
- Dec 21, 2011 5:17am Dec 21, 2011 5:17am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #15,793
- Edited 5:34am Dec 21, 2011 5:19am | Edited 5:34am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #15,794
- Dec 21, 2011 5:20am Dec 21, 2011 5:20am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #15,796
- Dec 21, 2011 5:26am Dec 21, 2011 5:26am
- Joined Apr 2007 | Status: Trader | 1,522 Posts
(Although, since it's basically free money i'm sure banks have other intentions with it so their are loading up way more than they need perhaps.)
Then, Add to that a fact that there has been a shitload of short covering across the board including AUD, CAD, GBP and stocks in the last days...and on the back of what ?No sudden change in the euro crisis sentiment picture....
I just wonder if sentiment is this negative to keep the ball rolling or are we gonna start to slowly creep up from here again
Well, next up...downgrades
- #15,797
- Dec 21, 2011 5:29am Dec 21, 2011 5:29am
- | Membership Revoked | Joined Aug 2011 | 7,263 Posts
If there was easy money lying around,no one would be forcing it into your
- #15,799
- Dec 21, 2011 5:34am Dec 21, 2011 5:34am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Ill add my 4H historic S/R. Next one comes in at 1.3310 and after that 1.3407
Those who say it cannot be done should not interrupt those who are doing it
- #15,800
- Dec 21, 2011 5:36am Dec 21, 2011 5:36am
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it