The Chonchy
Cesarnc's market talk, gossips, rumours & fun
- #29,881
- Jul 23, 2012 9:05am Jul 23, 2012 9:05am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
- #29,882
- Jul 23, 2012 9:07am Jul 23, 2012 9:07am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #29,884
- Jul 23, 2012 11:11am Jul 23, 2012 11:11am
- Joined Dec 2009 | Status: Trader | 3,156 Posts
......My kind of people.......
- #29,888
- Jul 23, 2012 1:41pm Jul 23, 2012 1:41pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #29,890
- Jul 23, 2012 2:30pm Jul 23, 2012 2:30pm
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #29,892
- Jul 23, 2012 4:54pm Jul 23, 2012 4:54pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
......so wish is their way out if they don't print more money?, printing is their way of life, imagine if you can do it, and your morals are not so great, imagine that you have the power to print money out of thin air, then lend it to the greatest institution in the world, and if they don't pay, their people will pay, and if the people don't pay, collateral will pay, like greece lost all their islands in the streem and what not, and spain will lose their gold when all of this is over, so printing is their goal, create caos so they can print is their main objective, and what bether time to print money than having the markets going down, and dollar is safe heaven but untill when? when is enough for the markets to realize that adding to your debt is not a way out, do you get out of debt with a new credit card? or you cut spending, well acording to kennesian economi, you print your way out, but acording to austrian economi, you cut spending, cut goverment in half, cut entitlements, cut wars that don't lead anywere but killing and enrichment of the elite and so on, so yes I think they will print some more, Ben told us that we are at a financial cliff, and that he will trow money from his elicopter if he needs to, but will it be enough to hold the panic?, no is not, is not going to be enough and the yurow will plummet and the panic will run to the dollar, and the dollar will get stronger, yes, but will he like that?, will he like a strong dollar? no of course not becouse the corps that owl him the money will not pay back if there is a strong dollar and exports plumet, or stop, so yes is going to be a lot of printing and more falling, when? I don't know, why? I don't know, but that is coming, yes, yes, yes, financial cliff, and financial melt down, again? yes again, or you thought that they had it all under control? my two cents cut in half because of the inflation, another hidden tax, like the Obamacare, and with Bush tax cuts expiring in december, I spect a very nice 2013........
my two cents cut in half because of the inflation, another hidden tax, like the Obamacare, and with Bush tax cuts expiring in december, I spect a very nice 2013........ The Chonchy
- #29,893
- Jul 23, 2012 5:01pm Jul 23, 2012 5:01pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
Interesting analysis Ingmar. If it's going to be risk off then looks like the Usd/Jpy analysis here: http://www.forexfactory.com/attachme...4&d=1342698297 could be the 77.90 turn around point (for now?) I'm definitely looking for longs off this daily pin bar which is forming and is bouncing off 77.93. Tomorrow I'll look at the US feed - see if that looks bullish on the daily. Then I'll look for low risk H1 entries. I'm keen to get in at the bottom here and picking bottoms is OK if you can get a low risk entry. I...
The Chonchy
- #29,895
- Edited 5:31pm Jul 23, 2012 5:20pm | Edited 5:31pm
- Joined May 2007 | Status: Trader | 4,268 Posts
- #29,896
- Jul 23, 2012 6:24pm Jul 23, 2012 6:24pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #29,898
- Jul 23, 2012 6:37pm Jul 23, 2012 6:37pm
- Joined Nov 2009 | Status: voodoo boodoo hit man | 17,076 Posts
- #29,899
- Jul 23, 2012 6:42pm Jul 23, 2012 6:42pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.........Funnymentaly, I don't know much, don't trust much what I read, not from the best ones, but thechnicaly this is what I see........
there is nothing in front of this down, clear road ahead to 1.19, 1.18 next........
weekly is open also to the down......
daily is a doji but under yellow ema #5, retracing or pulling back......but down.......
.......and 4H is down also, retracing to the green doted resistance, that used to be support.......
......so why long, I don't know, some body want to step in front of a train? I don't, selling rallys is my plan, if I get cut, I will add or get out, take a loss but go back in the shorts, me think short is the way to go for now.....
......now if I heard some, like, california defoult, or some like that, then I will think it over.....
there is nothing in front of this down, clear road ahead to 1.19, 1.18 next........
weekly is open also to the down......
daily is a doji but under yellow ema #5, retracing or pulling back......but down.......
.......and 4H is down also, retracing to the green doted resistance, that used to be support.......
......so why long, I don't know, some body want to step in front of a train? I don't, selling rallys is my plan, if I get cut, I will add or get out, take a loss but go back in the shorts, me think short is the way to go for now.....
......now if I heard some, like, california defoult, or some like that, then I will think it over.....
The Chonchy