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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #21,341
  • Jan 30, 2012 9:57am Jan 30, 2012 9:57am
You know I couldn't help it, right? lol, despite hitting my target for the month, I saw what I thought to be a long setup and jumped right back in lol. I promise though not to trade while in Miami, I will have fun in Miami, I will keep telling myself that

Quoting rekon67
Bull candle reversal in H1 ... I'm flat
  • #21,342
  • Jan 30, 2012 10:01am Jan 30, 2012 10:01am
Quoting nyfx718
You know I couldn't help it, right? lol, despite hitting my target for the month, I saw what I thought to be a long setup and jumped right back in lol. I promise though not to trade while in Miami, I will have fun in Miami, I will keep telling myself that
You did a gr8 job... continue posting the success brother..it helps ... A Trader with 6 consecutive hits is what we are looking for ... wish you a gr8 vacation @ Miami...do send us the post cards ...
  • #21,343
  • Jan 30, 2012 10:21am Jan 30, 2012 10:21am
Quoting nyfx718
Indicators are turning up now from the oversold conditions, so I really think that EURUSD will at least try to test the 1.32-1.3230 level, probably won't be touching any 1.33 but probably will look to test previous recent highs? Thoughts anyone?
As long as 1.3077 Friday's low isn't violated, a rebound is possible.
Daily candle/4hr candle has to close below 1.3077 to resume the downtrend.
Just my opinion.
  • #21,344
  • Jan 30, 2012 10:46am Jan 30, 2012 10:46am
http://countingpips.com/fx/2012/01/3...YscD4ufVnnP8si
  • #21,345
  • Jan 30, 2012 11:24am Jan 30, 2012 11:24am
Quoting bumapatria
Nice ... which wacom is it?

what size?

im also a graphic designer. i do vectors though...

heres soem of my works
Attachment
Attachment
Attachment
(please dont copy it i plan to make a label someday... )

to ff mods - and twee its not commercializing "icon apparel" it doenst exist yet - would be cool if i actually knwo how to print shirts and the design... which i dont . just wanna share what i do to anotehr fellow artist

one of my good hobbies when i just come up with a spark of an idea...

ill...
a bit like the way you trade... you include everything.
Kill the ego, or it will kill the mission.
  • #21,346
  • Jan 30, 2012 11:41am Jan 30, 2012 11:41am
Thanks, will do.

Quoting rekon67
You did a gr8 job... continue posting the success brother..it helps ... A Trader with 6 consecutive hits is what we are looking for ... wish you a gr8 vacation @ Miami...do send us the post cards ...
  • #21,347
  • Jan 30, 2012 11:42am Jan 30, 2012 11:42am
Quoting PipTrapper
...and potentially created a new one
I don't like the picture right now.
I don't care which way the market is going as long as it's going my way
  • #21,348
  • Jan 30, 2012 12:02pm Jan 30, 2012 12:02pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipKiller
I don't like the picture right now.
Don't pull your pants before you wipe, my friend. It is merely a bounceback - f38.2. That's why I haven't done anything since I closed my short.

Actually It haven't even broken the rising channel yet... so watch out.
  • #21,349
  • Jan 30, 2012 12:18pm Jan 30, 2012 12:18pm
I exited with a 5 pip gain. Don't like how it moving. I should just wait for next month.

Quoting nyfx718
Thanks, will do.
  • #21,350
  • Jan 30, 2012 12:35pm Jan 30, 2012 12:35pm
Quoting AFXFin
Don't pull your pants before you wipe, my friend. It is merely a bounceback - f38.2. That's why I haven't done anything since I closed my short.

Actually It haven't even broken the rising channel yet... so watch out.


I ain't touching this nasty pig. Not close to anything I want to try. Unless something else develops, the next zone I'm looking to short is 1.35, for long I'm looking at 1.2635

P.S. I'm a supply and demand trader, I trade price, not price action. Supply and demand zones created by previous price action are my confirmation to enter on price. I don't wait for channels or anything else to break.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 109 KB
I don't care which way the market is going as long as it's going my way
  • #21,351
  • Jan 30, 2012 12:43pm Jan 30, 2012 12:43pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Normally I enjoy watching different analysis to see what are others thinking about current situation, but this guy is just plain annoying...
http://talking-forex.com/videos
  • #21,352
  • Jan 30, 2012 1:04pm Jan 30, 2012 1:04pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipKiller


I ain't touching this nasty pig. Not close to anything I want to try. Unless something else develops, the next zone I'm looking to short is 1.35, for long I'm looking at 1.2635

P.S. I'm a supply and demand trader, I trade price, not price action. Supply and demand zones created by previous price action are my confirmation to enter on price. I don't wait for channels or anything else to break.
What picture you didn't like then? Merkel at centerfold of playboy?
  • #21,353
  • Jan 30, 2012 1:24pm Jan 30, 2012 1:24pm
Quoting AFXFin
Normally I enjoy watching different analysis to see what are others thinking about current situation, but this guy is just plain annoying...
http://talking-forex.com/videos
Okay you get a 10 out of 10 form stating the truth. The nerd in the video gets a 10 out of 10 for original style.
Those who say it cannot be done should not interrupt those who are doing it
  • #21,354
  • Jan 30, 2012 1:25pm Jan 30, 2012 1:25pm
Quoting AFXFin
What picture you didn't like then? Merkel at centerfold of playboy?
I just filled my puke bucket

http://www.geennieuws.com/wp-content...kel_333525.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #21,355
  • Jan 30, 2012 2:00pm Jan 30, 2012 2:00pm
Euro: Putting lipstick on the PIIGS

http://i2.cdn.turner.com/money/2012/...125025.top.png

NEW YORK (CNNMoney) -- Maybe the euro isn't doomed after all?
The currency has gained nearly 4% over the past two weeks against the dollar, despite the fact that European leaders still haven't come up with a definitive plan to resolve the continent's nagging fiscal crisis.

There isn't even a firm agreement between Greece and investors on how to restructure Greek debt. But if there was an exchange-traded fund for EU summits, that would be at a 52-week high.

Why has the euro rebounded so sharply? Part of it is due to increased optimism (yes. optimism) about Europe.

read more...

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Those who say it cannot be done should not interrupt those who are doing it
  • #21,356
  • Jan 30, 2012 3:04pm Jan 30, 2012 3:04pm
In a world devoid of corruption and manipulation, the Euro would have died already, but since we don't live in that world, the Euro will probably live on forever, though granted at a lower value that where it is at now. The powers that be don't want the Euro dead as it would disrupt the markets way too much and remove future investment strategies by the big banks etc that will allow them to take more money from people and we as traders don't want a dead Euro because it would remove liquidity from the market place and remove opportunities for us to trade our way to financial independence. ... I guess honestly I don't care which direction the EURUSD goes as long as I am on the right side of the trade, the only time I want it to go down outside of being short is when I go to Europe for vacation :=)
  • #21,357
  • Jan 30, 2012 7:12pm Jan 30, 2012 7:12pm
Quoting nyfx718
In a world devoid of corruption and manipulation, the Euro would have died already, but since we don't live in that world, the Euro will probably live on forever, though granted at a lower value that where it is at now. The powers that be don't want the Euro dead as it would disrupt the markets way too much and remove future investment strategies by the big banks etc that will allow them to take more money from people and we as traders don't want a dead Euro because it would remove liquidity from the market place and remove opportunities for us...
http://www.globalresearch.ca/index.p...t=va&aid=28878

Snippet:

The Wall Street Journal reported on January 19th that the Obama Administration was pushing heavily to get the 50 state attorneys general to agree to a settlement with five major banks in the “robo-signing” scandal. The scandal involves employees signing names not their own, under titles they did not really have, attesting to the veracity of documents they had not really reviewed. Investigation reveals that it did not just happen occasionally but was an industry-wide practice, dating back to the late 1990s; and that it may have clouded the titles of millions of homes. If the settlement is agreed to, it will let Wall Street bankers off the hook for crimes that would land the rest of us in jail – fraud, forgery, securities violations and tax evasion.


To the President’s credit, however, he seems to have shifted his position on the settlement in response to protests before his State of the Union address. In his speech on January 24th, President Obama did not mention the settlement but announced instead that he would be creating a mortgage crisis unit to investigate wrongdoing related to real estate lending. “This new unit will hold accountable those who broke the law, speed assistance to homeowners, and help turn the page on an era of recklessness that hurt so many Americans,” he said.

The Deeper Question Is Why


Whether massive robo-signing occurred is no longer in issue. The question that needs to be investigated is why it was being done. The alleged justification—that the bankers were so busy that they cut corners—hardly seems credible given the extent of the practice.


The robo-signing largely involved assignments of mortgage notes to mortgage servicers or trusts representing the investors who put up the loan money. Assignment was necessary to give the trusts legal title to the loans. But assignment was delayed until it was necessary to foreclose on the homes, when it had to be done through the forgery and fraud of robo-signing. Why had it been delayed? Why did the banks not assign the mortgages to the trusts when and as required by law?


Here is a working hypothesis, suggested by Martin Andelman: securitized mortgages are the “pawns” used in the pawn shop known as the “repo market.” “Repos” are overnight sales and repurchases of collateral. Yale economist Gary Gorton explains that repos are the “deposit insurance” for the shadow banking system, which is now larger than the conventional banking system and is necessary for the conventional system to operate. The problem is that repos require “sales,” which means the mortgage notes have to remain free to be bought and sold. The mortgages are left unendorsed so they can be used in this repo market.


The Evolution of the Shadow Banking System
Gorton observes that there is a massive and growing demand for banking by large institutional investors – pension funds, mutual funds, hedge funds, sovereign wealth funds – which have millions of dollars to park somewhere between investments. But FDIC insurance covers only up to $250,000. FDIC insurance was resisted in the 1930s by bankers and government officials and was pushed through as a populist movement: the people demanded it. What they got was enough insurance to cover the deposits of individuals and no more. Today, the large institutional investors want similar coverage. They want an investment that is secure, that provides them with a little interest, and that is liquid like a traditional deposit account, allowing quick withdrawal.

The shadow banking system evolved in response to this need, operating largely through the repo market. “Repos” are sales and repurchases of highly liquid collateral, typically Treasury debt or mortgage-backed securities—the securitized units into which American real estate has been ground up and packaged, sausage-fashion. The collateral is bought by a “special purpose vehicle” (SPV), which acts as the shadow bank. The investors put their money in the SPV and keep the securities, which substitute for FDIC insurance in a traditional bank. (If the SPV fails to pay up, the investors can foreclose on the securities.) To satisfy the demand for liquidity, the repos are one-day or short-term deals, continually rolled over until the money is withdrawn. This money is used by the banks for other lending, investing or speculating. Gorton writes:
This banking system (the “shadow” or “parallel” banking system)—repo based on securitization—is a genuine banking system, as large as the traditional, regulated banking system. It is of critical importance to the economy because it is the funding basis for the traditional banking system. Without it, traditional banks will not lend and credit, which is essential for job creation, will not be created.
  • #21,358
  • Jan 30, 2012 7:17pm Jan 30, 2012 7:17pm
http://www.ekathimerini.com/4dcgi/_w...01/2012_425158

Snippet:

Prime Minister Lucas Papademos said after lengthy talks in Brussels that Greece hopes to conclude negotiations with troika officials in Athens by the end of the week, although he admitted that there were still some “difficult issues” to resolve.

Speaking to journalists early on Tuesday morning after holding a second round of talks with European Unions officials once the leaders’ summit had concluded, Papademos refused to be drawn on the difficulties in the ongoing talks with the troika over a second bailout but hinted that labor costs were one of the issues still to be resolved.

“We aim to conclude talks with the troika by the end of the week,” he said

Greece’s lenders have asked for private sector wage cuts, which the political parties, unions and employers oppose. Papademos said that during the European Council meeting, he pointed out that Greece had regained over the last two years a third of the competitiveness it lost between 2000 and 2009 against other EU members. The prime minister said more steps were needed.

He added that there had been “significant parameters on the basic economic parameters” of the debt restructuring, or PSI, it is negotiating with bondholders.

Papademos said that if Greece secures the debt reduction and next bailout, this should be the last time it requires assistance from its partners.

Kno's Comments: Yeah Right !!!
  • #21,359
  • Jan 30, 2012 7:28pm Jan 30, 2012 7:28pm
Hey Kno! Just wondering if, in your opinion, the correlation between the asset classes and money flow is back on track or still out of whack? If so, how long will it be until we can use the flow of money in and out of bonds/equities/currencies to accurately track money flow?
  • #21,360
  • Jan 30, 2012 7:43pm Jan 30, 2012 7:43pm
Quoting scottymoll
Hey Kno! Just wondering if, in your opinion, the correlation between the asset classes and money flow is back on track or still out of whack? If so, how long will it be until we can use the flow of money in and out of bonds/equities/currencies to accurately track money flow?
Things should be normal Watch Risk On and Risk Off and Yields on US Bonds and Gold and Oil...
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