EurAnalysis

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May I also add that if you want the price of the level to be displayed, you can use the %$ variable in the description field of the level

Example:

Level = 0.786
Description = 78.6 (%$)

learned something new

Okay folks... I'm outta here. Enjoy your day.

Many green pips to all... or at least as many as you can grab safely.

I'll be back before NY close. If you need me. I'll be here (Without my mobile ).

http://i1.trekearth.com/photos/26090/blue_lagoon.jpg

have fun bro!!

Ocean of blue.. I should change my green candles to blue ones today

1.2658 to beat for futher movement up..

Besides all the fibo holy crap there goes imaginary trend line too..

Just to be clear where does the ressistance come from. These are heavy monthly levels.

T

Newflash: Netherlands and Finnish gov't WILL block bond purchases in secondary markets using ESM.


And down we go. Wee, wee, weee!

Ups that I forgot again.. Got carried away with m5 and m15 levels too much and didnt noticed the obvious ones..

There are always so many reasons why price stops at certain level one cant count them. So many irrational individuals, so many information sources, so many cultures.

T

LOL love this clip!!

thanks alot

Thanks alot

Look what I found. Wiki database.

http://wikiposit.org/w?filter=Energy...m/Crude%20Oil/

T

a very well defined Trading Range on daily

Just taking the opportunity of ranging market.

Closed my 3 short positions @ 1.26484 , @ 1.26310 and @ 1.26193.

TP @ 1.26070 and total pips gained - 77 pips.


"For love of money is the root of evil."

And Now For The Facts Without The Spin.

http://theeconomiccollapseblog.com/a...-down-the-road

Snippet:

Kicking The Can Down The Road



http://theeconomiccollapseblog.com/w...ad-250x168.jpgHas Europe finally been saved this time? Has this latest "breakthrough" solved the European debt crisis? Of course not, and you should know better by now. European leaders have held 18 summits since the beginning of the debt crisis. After most of the preceding summits, global financial markets responded with joy because European leaders had reached "a deal" which would supposedly solve the crisis. But a few weeks after each summit it would become clear that nothing had been solved and that the financial crisis had actually gotten even worse than before. How many times do they expect us to fall for the same sorry routine? Nothing in Europe has been solved. You can't solve a debt problem with more debt. European leaders are just kicking the can down the road. More debt will relieve some of the short-term pressure, but in a few weeks it will be apparent that the underlying problems in Europe continue to grow. Unfortunately, there is not an unlimited amount of EU bailout money, so once all of these "financial bullets" have been fired European leaders are going to find that kicking the can down the road will not be so easy anymore. The truth is that the financial crisis in Europe has not been cancelled - it has just been put off for a few weeks or a few months.

Do you solve the problems of a credit card addict by giving that person another credit card? Of course not. You may delay the short-term financial problems of the credit card addict by giving that person another credit card, but in the process you make the long-term problems even worse.

Well, that is essentially what is happening in Europe. European governments and the European financial system have become ridiculously dependent on debt. By giving European debt junkies another "hit" or two it may relieve a bit of short-term suffering but it doesn't solve anything.

Just think about it.

Did the first bailout package solve the problems in Greece?
No.

Did the second bailout package solve the problems in Greece?
No.

Today, the Greek financial system is a complete and total mess, and Greek politicians are saying that a third bailout package may be necessary.

Many are claiming that Italy and Spain have been "saved" by this new deal, but that is a joke.

Yes, the ability to inject bailout funds directly into troubled banks is going to keep some of them going for a little while. But the deal also calls for a new governing body to be established that will supervise those banks. Will that governing body be established in time to even provide the short-term help that is needed?

Yes, spending bailout funds to buy up Spanish debt and Italian debt will artificially suppress bond yields for a time.


We have seen this before.

But what happened?

After the bond buying program was over, bond yields started spiking again.

So do the Europeans plan to suppress bond yields forever?

Of course not. There is not enough bailout money to do that.

Let's review the equation that I have shared in previous articles....
Brutal austerity + toxic levels of government debt + rising bond yields + a lack of confidence in the financial system + banks that are massively overleveraged + a massive credit crunch = A financial implosion of historic proportions

Have any of those elements been removed?

No.

Bond yields will be suppressed for a period of time, but that will not last forever, and all of the other underlying issues are still there.

Meanwhile, the rest of Europe continues to follow the Greek economy into economic depression.

Took a short first thing when market opened.... got in at 1.2670 still holding my position. My initial target will be 1.2520 where i will look to take 2/3 of my position, my SL has been put at BE so this is now a risk free trade, I might add on the shorts but only with failure swings downwards on the 1hr chart. Ultimately im looking and hoping this downward move will totally wipe out the previous upward move from 1.2450

Interesting views but you may be analyzing FA factors that are not necessarily in play for the next few weeks(s)/months(s)/year(s).

Sure EZ debt is here to stay for a while but IMO we already "turned" that page for now. You may want to check other a lot more relevant FA factors for the euro in the short and mid term first(interest rates)....my 2 cents...

sisse