EurAnalysis

Are you a full time trader? That is what I endeavor to do I have 18 months to increase my equity to 10k with that I think I could subsist for a few years if not I'll have to regroup and find a job in something similar.. But over the past week it's quite a monotonous market so I like You am looking to diversify..

Moody's downgrades Spain, Italy, Portugal, UK, France and Austria

That's what this latest kneejerk spike was across several pairs.

Thanks PK. Your analyses are invaluable. I was wondering why Cable was setting up for a sell.

Daily 14 Febuari 2012

ok ... good information .. thanks

Yes. This is my job essentially. Fortunately, I managed to get my head around detecting where buyers and sellers group or else I would have been cleaned out. The charts are a real minefield I have discovered and I was pretty useless at interpreting indicators... candles were my last hope.

http://www.discoveryinvesting.com/up...rev_feb_12.pdf

Your Brain and Behavioral Biases in Investing
•“System 1: “operates automatically and quickly, with little or no effort and no sense of voluntary control.”
•System 2: “allocates attention to the effortful mental activities that demand it, including complex computations. … subjective experience of agency choice and concentration.”
Thinking: Fast and Slow, Kahneman

http://blogs.wsj.com/source/2012/02/...rt-men-before/

Snippet:

And now Keynes is gone, the Soviet Union too, and even Gordon Brown seems to have disappeared. But here’s gold, all yours for $1700 odd per ounce.

The reason investors like gold is not because they hate stocks or real estate or anything else. It’s high because the word of governments is in disrepute as it hasn’t been in living memory.

Across the developed markets, bonds and currencies have been debauched to cover debt. Even claims on the U.S. Treasury aren’t the rock solid bet they once were. They may be in practice, of course, but in theory it’s a different matter. The U.S. is no longer ‘triple-A,’ and it’s still wrangling over a budget that is going to need ‘Greek-style’ cuts to make spending sustainable.

Top credit ratings are now the preserve of smaller, less liquid economies. The world’s investors simply cannot pile into Australian or Scandinavian bonds in the same way they used to run for cover in the Treasury market. There aren’t enough of them.

Gold may well annoy the likes of Mr. Buffett, and swashbuckling investors everywhere, who will probably continue to reap better rewards elsewhere. Good luck to them.

But in a world short of trustworthy governments, gold will remain a more important and permanent part of portfolios than it was in the pre-crisis days of innocence.

Hi guys hope everyone is enjoying good pip flow, just passing through and thought i would say hello

Hi Billyt !

hi bro how you doing

WWW.JSMINESET.COM

The Lonely Road We Take Together


February 13, 2012, at 7:00 am
by Jim Sinclair in the category General Editorial |

My Dear Extended Family,
The replacement of lost liquidity is NOT arithmetic. Booms, like busts, turn geometric on their liquidity effect because of the impact of mass financial psychology. Management of Perspective Economics primarily operated by mainstream media can make the gestation period of this event long, but it cannot reverse the underlying process.

With there being no question whatsoever that a credit event is on the near horizon for Greece, there is no avoidance of a further haircut in the valuation of Greek debt held by international banks, primarily Euroland institutions. What you take away with one hand you must provide with another if the banking system of Euroland is to remain viable. As you haircut (reduce in value for balance sheet considerations) Greek debt you reduce the value of that debt held as assets of financial institutions, therein reducing their viability to borrow in order to conduct their banking activities. This mark down is in full gear as speculation advertises to the world that the next step in this Greek tragedy is a haircut of value to just 30%.

How is it possible for the Euro wizards of words to punish Greek debt severely but not hammer others equally now under assault both by mainstream media as well as the undertakers of bond ratings in the USA?

The argument takes a position that the International Swaps and Derivative Association, which is made up of the manufacturers of these devices, will not self immolate by declaring credit events to be credit defaults. This is the ultimate irreversible can kick directly into the dead end sign at the end of the road of postponement to perdition.

Financial currency inflated hell by global debt monetization is the condition from which there is no escape, except though burning down the old system and making a new one. This is the dead end sign at the end of the road for can kicking. It is the condition of financial perdition. It is not something coming in a distant future. It is here and now, clear and present, if you have the eyes to see.

The means to this end is the combination of sick sovereign debt, risk insurance issued against the default of debt without sufficient liquid capital to do so, and the fact that those entities who issued this insurance are themselves and in truth illiquid under strain thanks to the capitulation of FASB on true market value of their legacy and other assets. This is the construction of the house of financial cards that will not survive intact during the period of 2012 to 2015. This is what gold at $1700 is indicating to those unfortunate enough to understand the practical workings of a system whose life force has been stolen to a degree that can only be deemed epic.

Never in written history has anything this size occurred where trillions has been bled away from an economic system with impunity. In all history when this has occurred the then monetary system imploded, to be replaced always by a commodity based money. That is what the Retenmark was in the Weimar experience. This is what the virtual reserve currency will be that replaces the US dollar in the next three years. The commodity currency definition will be derived by a connection to the gold held by the central banks of all the currencies that make up the Western world averaged virtual currency. This virtual currency will be a computer based settlement mechanism that cannot be traded in by other than central banks on behalf of trade settlement. Each contributing nation will also contribute to a universal M3 that will be the percentage measure of gold’s value to determined percentage-wise appreciation of depreciation, constituting value of the position held by each central bank in gold. Few if any central banks need to make transactions to adjust value as the squids of the world will invent derivatives upon which to speculate on the value of gold as a product of the growth or contraction of the western world M3.

This is not by any means a gold convertible system. This is not by any means a perfect system. There will be automaticity in this system but an agreement only by members to perform as above. However this system will work the same as the Retenmark worked. When the need becomes so great to believe in something solid anything that sounds solid has and will again work.

Only a resurgence of business based on solid foundations of equity and not debt can do the final clean up and provide a door to a better future.

No politician anywhere can do the necessary without causing the explosion of the results being heard almost as a new big bang. We are going to inflate this debt away or those in power will be swept away by the violence inherent in the suffering citizen.

Gold and only those things gold will provide the bridge to maintaining a lifestyle, maintain some freedom of choice and most importantly give you options you would not otherwise have. This has been as it always has been and will continue so. The drama of the market is nothing but that – sound and fury presaging but not defining change.

Do not allow anything to deter you from holding that which will build your bridge to tomorrow safely.

I am personally 100% in. It is my intention to hold as much gold as possible lending to me leverage without borrowing or margin. What was done in the 70s cannot be done now because we are only on the cusp of the volatility in the price of gold and it is already impossible to carry leverage except in the manner I have devised for myself participated in by others. I invite you to join with me.

This is a lonely road we are on where its direction does not tend to make friends. The road to freedom of any kind never does.

Stay focused. “Non Carborumdum Est,” do not let the hateful, vengeful bashers get you down.
Respectfully,
Jim

doing good bro,closed short yesterday for 1% over around 50 pips,doesnt hold because lazy to monitor and daily target reach...so no greedy here
Hope you are doing great bro

yes indeed, dont be greedy but be level headed. if your stats or the way you trade say hold,,, then jolly well hold and get the pips. As i said earlier last week i decided to try directional movement at quite big pip price and boom i smashed e/u and g/u to pieces and i did my normal thing of compounding and in pip value i made almost 1400 pips. At the moment i am on e/u and running at a loss lol and as it is the start of the week thats normal lol lol. anyway my friend take care

Yes,am believe they key for going wealth in trading is trade small (With proper MM) and compound consistenly


Thank you ya Mr.Billyt ^^

i just looked at your chart and i like that BIG arrow pointing down lol, thats what i need right now, i only need 40 pips

Its yesterday chart bro and already going down 100 pips...and thats Big arrow draw by myself for fun only..lol
Same here..am always hunt 40 Pips - 120 pips per day...lol

if you trade at a percentage of your bank roll and keep on gaining your small stakes soon buid up and like you say MM is crucial. i showed you some trades last week or week before using what i think is small amount and that was .50 of a pound and £1 but some of the guys who frequent these rooms and shout out their knowledge and play with micro lots or what ever they call it, well i dont actually think they get it plus listening for advice can be a little dodgy. Before i go ,,, COMPOUNDING,,, if you have a decent success rate then compounding is the way forward from an acorn grows the mighty oak blah blah, take care friend and lets see if your arrow is right

Social democratic levels of public spending are a consequence of Cold War jostling. With the Soviet Union gone, there is no need for heavy state spending. Of course, this must be balanced with the need to ensure that labour consume in order to extract the surplus created by manufacture. The current instability in Europe are the birth pangs of a leaner more aggressive capital. The mountain of debt, both bonds and banks, speak more of the need to rebalance the global economy and to some extent, labour wage cuts are an essential element of this phase of capitalism. So, Greece is only the tip of the iceberg.

Unless we see the global economy decouple and I have no reason to believe so, especially given developments in Libya and Iraq and now, Iran and Syria (despite the shadow boxing from Russia and China (especially heavily integrated China), I suspect that an austere Europe speaks more for a gradual shift to minimal supra-government than it does for the failure of the supra-national European ideal which has served its purpose.

EUR/USD
Buy at 1.3137
Take profit at 1.3188
Stop loss at 1.3108