EurAnalysis

EW ???

http://www.actionforex.com/action-in...0120127158267/

Snippet:

Euro pares some gains ahead of weekend as Greece and private sectors are still struggling to conclude a plan for the debt swap arrangement. IIF Chief Dallara said there was "some progress" after a two-hour meeting with Greek Prime Minister Papademos yesterday and work will continue today. Focus of yesterday and today was on legal and technical issues and the officials are aiming at completing the deal soon. It's believed that the major obstacle, the coupon, rate is "parked" for the moment and the group will finish details of the overall package first. It's also reported that ECB, despite its opposition, would be included in the deal to some extent. Greece is still targeting to submit its formal offer for the bond-swap deal by February 13, so as to meet the March 20 bond redemption deadline.

elliottwave

13:30 USD GDP (Annualized) Q4 A 3.00% 1.80% 13:30 USD GDP Price Index Q4 A 2.00% 2.60% 14:55 USD U. of Michigan Confidence Jan F 74.2 74
Japan And The Yen...

Meanwhile, the Japanese yen surges broadly today as Asian equities pares initial gain on profit taking after a week of strong rally. Also, the yen is likely pushed up by export led buying. Japanese Prime Minister Noda urged BoJ to take bold action to curb yen's gain but markets just ignored the repeated message. While the rebound in yen crosses this week, on risk appetite, was impressive, key resistance levels are still intact. Those levels are 78.28 in USD/JPY, 102.53 in EUR/JPY and 122.76 in GBP/JPY. The fall in USD/JPY since Wednesday is particularly steep even though USD/JPY is still held in recent range. We'd like to point out that DOW is close to key resistance level at 12876 and is vulnerable to a pull back. If that happens, USD/JPY might be dragged down through 76.55 near term support.
13:30 USD GDP (Annualized) Q4 A 3.00% 1.80% 13:30 USD GDP Price Index Q4 A 2.00% 2.60% 14:55 USD U. of Michigan Confidence Jan F 74.2 74

Just look at the candles I highlighted ... how accurate work! ...and respect the trend line ... Great work Sly

Sources are saying that Greece and creditors are edging towards a deal with a lower yield.
Friday, January 27, 2012 ⌚04:48 AM
Sources are saying that Greece and creditors are edging towards a deal with a lower yield.

Ahh... Thanks

http://quotes.ino.com/chart/index.ht...w&t=c&a=2&w=15

One Day... Candles...

http://quotes.ino.com/chart/index.ht...c&a=2&w=15&v=s

Reality Bites From A Good Information Source...

http://theeconomiccollapseblog.com/a...y-is-improving

Snippet:

Everywhere you turn these days, someone is proclaiming that the economy is improving. Barack Obama is endlessly touting the "improvement" in the economy, the mainstream media is constantly talking about "the economic recovery" and an increasing number of Americans seem to be buying into this line of thinking. A new NBC/Wall Street Journal poll found that 37 percent of Americans believe that the economy will improve over the next year, while only 17 percent of Americans believe that it will get worse. But is the economy actually improving? Not really. At the moment things are relatively stable. Some economic statistics are improving slightly and some continue to get even worse. However, it is very important to keep in mind that one of the biggest reasons why things have stabilized is because the federal government is pumping more than a trillion dollars a year into the economy that it does not have.

The Obama administration is engaging in a debt binge unlike anything America has ever seen before, and yet many economic indicators are still in decline. So what is going to happen when the federal government stops injecting gigantic waves of borrowed money into the economy? That is a frightening thing to think about. The best efforts of our "leaders" in Washington D.C. are not accomplishing a whole lot.

The Federal Reserve has pushed interest rates as low as they can go and the federal government is spending unprecedented amounts of money. But even with the federal government and the Federal Reserve pushing the accelerator all the way to the floor, the economy is still not improving much at all. Millions upon millions of Americans out there are anticipating some sort of a "great economic recovery", and they are going to be bitterly disappointed.

But right now there are some "bright spots" in the economy, and you are bound to run into family and friends that will repeat to you the nonsense that they are hearing on the television about how the economy is recovering.

When they try to convince you that the economy is getting better, ask them these questions....

Not sure yet. Let's see where the bid up runs out of steam. If it makes it to 1.3200/1.3250 area, I'm definitely taking out my giant hammer.

They are giving Live Sound Bites on Greece and other Topics So We Have A Positive Spin On EUR/USD...

The Big Boys Are There... Rehn ... Spanish Monister ... Who cares... Bla Bla Bla

Where is the next resistance in front of 1.3180 ?

They still do not want a haircut... ECB that is ...

Carrying it all the way at my office .. in case

http://www.forexfactory.com/attachme...1&d=1327417558

We will probably get a push up when/if a greek deal is done. Then the next thing will show up on the radar and that is?

Portugal
Balance sheet of ECB
or something else

Someone on Saturday Night Live Should Do A Skit On This...

It is interesting to hear them discuss the issues... France, Spain and others. These are strong minded men with clear views and they just see things differently. Germany has their point of view. France has there views and that is the problem. Since everyone has self interest and there are limits to what can be done since there are rules to follow such as Germany against printing money and Spain needing money there is no practical workable way out.

So On It Goes Until It Just Blows Up...And It Will.

http://www.cnbc.com/id/46159859

Snippet:

This is a live blog from "The Future of the Eurozone," an event at the World Economic Forum in Davos, Switzerland, in which our panelists will debate the question, "How will the Eurozone economies emerge from the euro crisis?"
The event's panelists include:
Francois Baroin, minister of economy, finance and industry of France.
Luis de Guindos Jurado, minister of economic affairs and competitiveness of Spain.
Olli Rehn, vice president, economic and monetary affairs, European Commission, Brussels.
Wolfgang Schauble, federal minister of finance of Germany.
The Future of the Eurozone is chaired by Maria Bartiromo, anchor of CNBC's "Closing Bell."

"Buy the hope, Sell the reality"

There is a way technicals are 70% of trading (in ratio to FA). This is the same old tech vs. findi debate. And the debate always resolves as 'whatever suites you best and makes you the profit is the best for you.'

There are some traders that are pure PA and enter/exit with a surprising measure of accuracy and profit frequency. They still enter with great accuracy even when big news events are happening. It's about learning to read market participant interaction (bulls/bears) and it's all in the charts.

No matter what you choose; FA/MF/TA it just takes a lot of practise and dedication with a good MM plan and you'll be on your way.

95% of retailers f@ck up because of emotional decisions and lack of practise/experience. I bet those 95% that loose are all the noobs coming in and out of the forex market giving their money away. The ones that persist and eventually get it are the ones that belong to the 5%.

EURUSD: After EU Rehn says Greece and creditors very close to reaching deal "if not today then over weekend" EURUSD bounces up to 1.3150.
Friday, January 27, 2012 ⌚05:11 AM
$EURUSD: After EU Rehn says Greece and creditors very close to reaching deal "if not today then over weekend" EURUSD bounces up to 1.3150.

Hello PT,
Good Thread..

Hmm, are you mean 1.32xx is Fibo 38.2?

http://i43.tinypic.com/iwrqj4.gif

"Buy is Hope Sell is Reality" (*I like this one)

Thanks
PBT

Current development will create premature double headed monster?

... PA retest 1.3175 ... and high probability to burst it goes up 1.32 level ..buy order executed btw... no Sale taken because of the prematurity