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  • #662,141
  • Jun 26, 2012 11:08am Jun 26, 2012 11:08am
Quoting attila
A "shooting star" in a down trend is an inverted hammer actually, and it does need confirmation of the next candle...Guys, get your candles straight..
thanks for your clarification
  • #662,142
  • Jun 26, 2012 11:09am Jun 26, 2012 11:09am
This is a real life soap opera at its best..

Merkel is playing hard ball 2 get the best deal out of everyone and she would not mind squeezing some balls..

In the end something's gotta give..
  • #662,143
  • Jun 26, 2012 11:10am Jun 26, 2012 11:10am
Actually if you're looking at the 1 hour, it would be considered a doji, which could be a possible reversal. But then I doubt it, all the manipulation in the world won't hold this Euro up for long.
All that is left in FF is just plain garbage. "Cloggie"
  • #662,144
  • Jun 26, 2012 11:13am Jun 26, 2012 11:13am
Holy crap what the heck was that??
  • #662,145
  • Jun 26, 2012 11:13am Jun 26, 2012 11:13am
Quoting pengjunwen
This is a real life soap opera at its best..

Merkel is playing hard ball 2 get the best deal out of everyone and she would not mind squeezing some balls..

In the end something's gotta give..
Except that she has the final say and the most power in the end.

A bunch of beggars banding together trying to intimidate he who has the food. Not going to end well.
  • #662,146
  • Jun 26, 2012 11:15am Jun 26, 2012 11:15am
Quoting Esssex
Except that she has the final say and the most power in the end.

A bunch of beggars banding together trying to intimidate he who has the food. Not going to end well.
Well... Somebody else said. When a beggar has a gun to your head, that's not a beggar anymore..
  • #662,147
  • Jun 26, 2012 11:15am Jun 26, 2012 11:15am
Well that's juz it..

Beggars have nothing 2 lose so they r going 2 play a game of chicken..

All these little snips of new leaks are used 2 intimidate each other..
  • #662,148
  • Jun 26, 2012 11:21am Jun 26, 2012 11:21am
Watch out for the Gartley Butterfly

http://i.imgur.com/URwdS.png
  • #662,149
  • Jun 26, 2012 11:22am Jun 26, 2012 11:22am
Be greedy when others are scare
  • #662,150
  • Jun 26, 2012 11:23am Jun 26, 2012 11:23am
Quoting attila
Well... Somebody else said. When a beggar has a gun to your head, that's not a beggar anymore..
I won't underestimate Merkel that way though. Beggars may have guns but it's just like people trying to extort cash from the Mafia.
  • #662,151
  • Jun 26, 2012 11:26am Jun 26, 2012 11:26am
Quoting Esssex
I won't underestimate Merkel that way though. Beggars may have guns but it's just like people trying to extort cash from the Mafia.
They're (the piigs) not stupid. They know the consequences would be a disaster for the core..

Do not underestimate them.. It's not that simple..

http://www.spiegel.de/international/...-a-840634.html
  • #662,152
  • Jun 26, 2012 11:33am Jun 26, 2012 11:33am
Quoting TauTrader
Long again @ 1.2354- I know nobody will wish me well...

So - you gotta eat my dust then.
Sheez-
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  • #662,153
  • Jun 26, 2012 11:40am Jun 26, 2012 11:40am
1.235? not bad indeed
  • #662,154
  • Jun 26, 2012 11:44am Jun 26, 2012 11:44am
Quoting Paulenok
1.235? not bad indeed
I know. Iknow...

Should have been 1.2453...

So sorry.

Rum sort of distorts time and space...

Regards
  • #662,155
  • Jun 26, 2012 11:46am Jun 26, 2012 11:46am
Quoting attila
They're (the piigs) not stupid. They know the consequences would be a disaster for the core..

Do not underestimate them.. It's not that simple..

http://www.spiegel.de/international/...-a-840634.html
Don't worry, I know the cost of a EU break up. All parties will be badly hit but Germany's downside is still not as bad as what PIIGS will go through, some may argue otherwise.

Their people wouldn't be able to live through the years of inflation by going back to their old currencies. Not to mention the lack of natural resources in IGS, they may face an increase in exports but at what cost? They don't possess comparative advantage in many industries except agriculture.

Import costs for natural resources in order to turn them into exports will kill IGS and the devalued currency will do little to ease the burden. Now, what about their borrowing costs when they leave EU?

Germany on the other hand will be hit with a slowing economy, lower exports and a bad labor market. However, a stronger mark will reduce the costs of imports and soften the impact of the loss of exports. A solution for Germany's problem will be then to move the economy from an export based to one driven by domestic consumption.

The solution for the IGS on the other hand, with inflation due to a devalued currency, higher import cost, lack of natural resources and maybe better export figures can only rely on restructuring their debt/economic structure.
  • #662,156
  • Jun 26, 2012 11:46am Jun 26, 2012 11:46am
TauTrader, WHEN did you go long @1.2354? If it was May31 or June01, you can show ALL the people on this thread a brown eye...

And I will be a little bit jealous about your astuteness...

Quoting TauTrader
Sheez-
  • #662,157
  • Jun 26, 2012 11:47am Jun 26, 2012 11:47am
Quoting TauTrader
I know. Iknow...

Should have been 1.2453...

So sorry.

Rum sort of distorts time and space...

Regards
Now it makes sense, it never got that low.
  • #662,158
  • Jun 26, 2012 11:51am Jun 26, 2012 11:51am
Quoting TraderChris
TauTrader, WHEN did you go long @1.2354? If it was May31 or June01, you can show ALL the people on this thread a brown eye...

And I will be a little bit jealous about your astuteness...
Good day to you. sir

No - went long only recently. Not that astute...

It was about 2-3 hours ago.

Simple man trying to make a buck..

A brown eye in general would be nice though...

I bet you that you can't..

Regards
  • #662,159
  • Jun 26, 2012 11:53am Jun 26, 2012 11:53am
I disagree with most of what you said. It will be bad for the PIIGS in the short run, yes(Argentina did it in early 2000 and look at them now)... but being able to devalue their "new" currency will make them competitive on the international market.. On the other hand Germany will not be able to sell their industrial products in the Southern Europe because they'll be too expensive. The U.S. market.. well.. they'll compete with our industry + China and all the rest of the developed Asian countries..

Also Italy and Spain are not really undeveloped countries.. They have well established industries.. Besides Spain has a whole world of spanish speaking countries (ties) where they can sell their stuff.. Nothing really is what it seems...

Of course Germany is not to be underestimated either.. They came on top twice..


Quoting Esssex
Don't worry, I know the cost of a EU break up. All parties will be badly hit but Germany's downside is still not as bad as what PIIGS will go through, some may argue otherwise.

Their people wouldn't be able to live through the years of inflation by going back to their old currencies. Not to mention the lack of natural resources in IGS, they may face an increase in exports but at what cost? They don't possess comparative advantage in many industries except agriculture.

Import costs for natural resources in order to turn them into exports will...
  • #662,160
  • Jun 26, 2012 11:53am Jun 26, 2012 11:53am
Quoting klopfzeichen
Now it makes sense, it never got that low.
Good day to you, dear dame

Pure luck...

Loved your trade this morning. Awesomeness....

May you prosper

Regards
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