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  • #589,541
  • Jan 29, 2012 11:53am Jan 29, 2012 11:53am
Quoting pkimnyc
Down 10 pips on oanda.
its back to fridays close now, check your chart it should show sudden dip/recovery. No Gap now
  • #589,542
  • Jan 29, 2012 11:54am Jan 29, 2012 11:54am
Quoting KillerWhale
Well thanks anyway for the one you gave me

can you both stop posting these pictures? this forum is for something else

thank you...
'You must be the change you wish to see in the world' . Gandhi
  • #589,543
  • Jan 29, 2012 11:57am Jan 29, 2012 11:57am
in months. Maybe this might be the big one. The mother of all gaps.
Taigen Profit This Month: na
  • #589,544
  • Jan 29, 2012 11:57am Jan 29, 2012 11:57am
Who is to blame for starting the current crisis in the eurozone? Greece? Italy? The real answer may lie further north. It was not the behaviour of the eurozone's southern members that first plunged the single currency into crisis.


http://www.bbc.co.uk/news/world-europe-16761087
  • #589,545
  • Jan 29, 2012 11:59am Jan 29, 2012 11:59am
Quoting Taigen
in months. Maybe this might be the big one. The mother of all gaps.
A gap towards 1,315x = long
A gap towards 1,327x = short

Let's see !
COT: The precious data ignored
  • #589,546
  • Jan 29, 2012 12:00pm Jan 29, 2012 12:00pm
markets dont open up for another four hours and 15 minutes right? im new lol
  • #589,547
  • Jan 29, 2012 12:01pm Jan 29, 2012 12:01pm
gap just closed already
  • #589,548
  • Jan 29, 2012 12:02pm Jan 29, 2012 12:02pm
spot at 3221
  • #589,549
  • Jan 29, 2012 12:03pm Jan 29, 2012 12:03pm
greece deal closer ..so they say lol ....
  • #589,550
  • Jan 29, 2012 12:08pm Jan 29, 2012 12:08pm
Quoting Xdir
Who is to blame for starting the current crisis in the eurozone? Greece? Italy? The real answer may lie further north. It was not the behaviour of the eurozone's southern members that first plunged the single currency into crisis.


http://www.bbc.co.uk/news/world-europe-16761087
To be honest, there is no blame. This 600 pip run, to some degree, satisfied the natural range of trading. Way to high but that's my opinion. Technically it could even go higher but there has to be a bias to valuations (albeit against the USD is not saying much) based on the long term trends and 'experts' all say it's going down. You got to be a kindergartener not to see that. Yet to my chagrin, it could go to 3400 to satisfy the upper trend line. I can think of no other reason. The Euro is about to fall apart and people are still going long. I can understand as a short term trade. You guys have bigger balls than I do if you are waiting it out for a 3500 or 3600.

Good Luck.
Taigen Profit This Month: na
  • #589,551
  • Jan 29, 2012 12:08pm Jan 29, 2012 12:08pm
Quoting free4440273
greece deal closer ..so they say lol ....

deal is close every weekend, but gets further with monday....short yens and franks with some medium term targets, rather than trying to get eurusd 100pip moves. its fairly random now if u ask me and doesnt reflect the current situation (political and economical) unless i m missing something
  • #589,552
  • Jan 29, 2012 12:17pm Jan 29, 2012 12:17pm
Quoting ledobedo
deal is close every weekend, but gets further with monday....short yens and franks with some medium term targets, rather than trying to get eurusd 100pip moves. its fairly random now if u ask me and doesnt reflect the current situation (political and economical) unless i m missing something
oh, euro has def. been news driven for the last couple of months...
  • #589,553
  • Jan 29, 2012 12:17pm Jan 29, 2012 12:17pm
Quoting ledobedo
deal is close every weekend, but gets further with monday....short yens and franks with some medium term targets, rather than trying to get eurusd 100pip moves. its fairly random now if u ask me and doesnt reflect the current situation (political and economical) unless i m missing something
What deal? Maybe amongst reporters and analysts, but Merkel does not think it would be wise to have Germany obligate funds when it could be better served elsewhere. And frankly, Germany is one of the few economy's working. Perhaps the best thing for Greece and the Euro is to let it default. It might be devastating for a while but eventually the Euro could come back without such a drag as Greece.
Taigen Profit This Month: na
  • #589,554
  • Jan 29, 2012 12:26pm Jan 29, 2012 12:26pm
What does Greece have to offer other than painted seashells for tourists? They virtually have no economy. They just need to go back to their drachma to trade in their dried fish markets and open air street vendors.

I don't mean to offend anyone from Greece but am I wrong?
Taigen Profit This Month: na
  • #589,555
  • Jan 29, 2012 12:29pm Jan 29, 2012 12:29pm
Quoting Taigen
What deal? Maybe amongst reporters and analysts, but Merkel does not think it would be wise to have Germany obligate funds when it could be better served elsewhere. And frankly, Germany is one of the few economy's working. Perhaps the best thing for Greece and the Euro is to let it default. It might be devastating for a while but eventually the Euro could come back without such a drag as Greece.
The default is the problem, not the debt itself, Germany alone can wipe out Greek debts instantly but that would mean Greece DEFAULTED and activate the CDS - the derivative payout for a Technical Greek default is in the $Trillions, that would send a chain reaction through the market taking out banks & insurers hold the other end of the bets.
The only way to correctly sort the mess is have global ban on ALL derivatives with maybe 20% + original sum payout to all holders.
  • #589,556
  • Jan 29, 2012 12:34pm Jan 29, 2012 12:34pm
Quoting Xdir
The default is the problem, not the debt itself, Germany alone can wipe out Greek debts instantly but that would mean Greece DEFAULTED and activate the CDS - the derivative payout for a Technical Greek default is in the $Trillions, that would send a chain reaction through the market taking out banks & insurers hold the other end of the bets.
The only way to correctly sort the mess is have global ban on ALL derivatives with maybe 20% + original sum payout to all holders.
I agree with you but I don't think a chain reaction would be that quick or even happen at all. I said it would be devastating--but only for awhile. Greece is not an Italy, France, Spain, Ireland, and least of all Germany. Greece is like the kid brother that screwed up and you are going to have to let him go to learn some life lessons.

In the truest sense of the word, Greece has already defaulted. It's like they quit paying on their mortgage and it's only a matter of time before the sheriff physically kicks them out of the house.
Taigen Profit This Month: na
  • #589,557
  • Jan 29, 2012 12:43pm Jan 29, 2012 12:43pm
Quoting Taigen
What does Greece have to offer other than painted seashells for tourists? They virtually have no economy. They just need to go back to their drachma to trade in their dried fish markets and open air street vendors.
Please make some research before getting embarassed in a public forum
  • #589,558
  • Jan 29, 2012 12:44pm Jan 29, 2012 12:44pm
Quoting Taigen
I agree with you but I don't think a chain reaction would be that quick or even happen at all. I said it would be devastating--but only for awhile. Greece is not an Italy, France, Spain, Ireland, and least of all Germany. Greece is like the kid brother that screwed up and you are going to have to let him go to learn some life lessons.
The problems is if Greece goes down it will take down currently barely stable banks - if those Banks go down Govts will have to bail out all their depositors, plus those banks have $trillions bet on them to fail so a second round of payouts in the $trillions.
  • #589,559
  • Jan 29, 2012 12:48pm Jan 29, 2012 12:48pm
Quoting Arhs99
Please make some research before getting embarassed in a public forum
Please. I am using absurdity to make a point.

Pick any financial institution commenting on Greece or just Google 'Economy of Greece'.

I don't think it is necessary to state the obvious.
Taigen Profit This Month: na
  • #589,560
  • Jan 29, 2012 12:53pm Jan 29, 2012 12:53pm
SYDNEY, Jan 29 (IFR) - Greece and its private creditors said on Saturday they were in the final stages of piecing together the final elements of a debt swap that would chop 100 BLN EUR off Greece's debt burden. Greek bondholders said the two sides were finalizing a deal along the lines proposed by EZ finance ministers chairman Juncker, but it appeared unlikely the deal would be finalized by the EU Summit takes place on Monday. According to AP - private investors would receive new bonds whose face value is half of the existing bonds. The new bonds would have a longer maturity and pay an average interest rate of slightly less than 4%. The final deal will be announced next week in tandem with a new 130 BLN EUR loan program for Greece being put together by the "Troika" that is hoped to cover Greece's borrowing needs through 2015. The interest rate or coupon on the new bonds was a major stumbling block in the negotiations with private creditors - who were until Saturday insisting it should be above 4.0%.
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