EurAnalysis

Yepeee, someone else has problems. In your face Harpe .

another M1. This is not a joke. Watch m5 close now. Then m15. If they make it, H4 will make it as well and we are going down.
Edit: M1 cant make it back to range...
Edit: M5 closed to the pip on the ress. Omg, they wont give up.
Edit: Fast rejection on M15. There we go again.

http://seekingalpha.com/article/7972...ws?source=feed

Snippet:

Top Stories

Falling Chinese trade sends stocks tumbling. Shares have fallen globally after China's trade surplus narrowed to $25.1B in July from $31.7B in June and came in well below consensus. On-year export growth slumped to 1% from 11.3% while imports declined to +4.7% from +6.3%. A major problem was the EU, where exports tumbled 16.2%. Along with industrial production figures yesterday, the trade data indicates that the Chinese economy may not rebound in Q3, as many had predicted.

Japan passes sales tax. Japan's upper house has joined the lower chamber and passed a law that will double sales tax to 10% by 2015 - as long as there is an "economic upturn," the definition of which is open to debate - and hopefully help the country deal with its massive debt burden. To obtain the support of the opposition, which holds sway in the upper house, PM Yoshihiko Noda had to promise to dissolve the lower house "in the near term."

Consumer agency wants to tighten rules for mortgage servicers. The Consumer Financial Protection Bureau (CFPB) yesterday proposed tighter rules for mortgage service firms, which collect payments from homeowners. The regulations would require servicers to send monthly statements to borrowers, warn them prior to changes in interest rates, offer more options to avert repossession, and protect them from buying higher-cost insurance.

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Today's Markets:
In Asia, Japan -1.0% to 8891. Hong Kong -0.7% to 20136. China -0.2% to 2169. India -0.0% to 17558.
In Europe, at midday, London -0.3%. Paris -0.8%. Frankfurt -0.8%.
Futures at 7:00: Dow -0.4%. S&P -0.5%. Nasdaq -0.4%. Crude -1.2% to $92.23. Gold -0.5% to $1611.80.
Today's economic calendar:
8:30 Import/Export Prices
2:00 PM Treasury Budget

I anticipate another reach up to 2300 before resuming south...

http://www.reuters.com/

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By Rick Rothacker

Fri Aug 10, 2012 12:04am EDT


(Reuters) - U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Officials like Lehman Brothers former Chief Executive Dick Fuld have been criticized for having been too hesitant to take bold steps to solve their banks' problems during the financial crisis.

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MOVING FURTHER FROM DISASTER

Five years after the financial crisis, concerns remain about whether blow-ups at big banks could lead to another round of taxpayer bailouts. Trading losses have cost JPMorgan nearly $6 billion so far, and scandals such as the alleged rigging of an international interest rate benchmark have only highlighted the risks lurking inside big banks.

These disasters have damaged banks' reputations, but not their balance sheets. Most are still profitable, and in recent years the five banks have improved their capital bases and liquidity. They also have been subjected to annual Federal Reserve stress tests that measure whether the banks have sufficient capital to weather severe economic scenarios.

Bank of America and Citigroup, in a sense, have already been executing the kind of moves called for in the recovery plans. Both have been selling off non-core operations and assets to streamline their sprawling businesses, after receiving multiple bailouts during the financial crisis.

Bank of America in June 2011 told Fed officials that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said in January. The proposal was part of a series of options provided to the Fed, including issuing a tracking stock for Bank of America's Merrill Lynch operations.

But just because the bank proposed selling branches does not mean it's a desirable move or highly probable, the person said. In the past year, Bank of America has shown progress in building capital without such actions. Its Tier 1 common capital ratio increased to 11.24 percent of risk-weighted assets as of June 30 from 8.23 percent a year earlier.

Tier 1 refers to a bank's core capital and has been the main focus of regulators in assessing a bank's capital adequacy.






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http://s1.reutersmedia.net/resources...=CBRE8790BAT00 An ATM machine at a Bank of America office is pictured in Burbank, California August 19, 2011.

Muahahaa. M15 made it! Short the foker.

.

Why do you think it might go back to 1.2300 ?

Dow Futures Down 56

Risk Off Now

Yield on 2 Year US Bonds is .27% and Yield on 10 Year US Bond down to 1.64% as MONEY FLOWING to 10 Year US Bonds for safety and some Yield however safety first.

Tom the guy balls are bulging from hernia.

Revenge trading is never a good idea.

Lol. Thats Duke Nukem. The roughest guy on planet. He may have hernia from body building. Hmmm.

Anyway, Another rejection on M1. Fok that if we are going to make H4 doji.

http://www.dailyfx.com/forex/technic...is_Before.html

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Yesterday’s comments were “in my own experience, sleepless nights and simply wanting to give up on the trade idea tend to occur just before the expected move. Understanding your own psychology is paramount in trading.

That said, I am flat now after being taken out on the spike above 10605. A drop below yesterday’s low (10530) or an obvious blowoff into the trendline just below 10700 (10680/90) offers the next opportunity.” Here we are less than 24 hours later and the AUDUSD is down nearly 1% from yesterday’s high. So was an important top registered yesterday? There is no way to know but metrics strongly suggest that the AUDUSD is much closer to an important top than bottom. Consider that;


1 week and 3 month AUDUSD volatility are at their lowest levels since late July 2007

1 month volatility just reached its lowest level since late April; the lowest reading prior to late April was late July 2007

1 year volatility is the lowest since early September 2008


Complacency is at an extreme level and most traders will probably be surprised by the events that unfold over the next few weeks.

I know, I know. It is terrible. But the point is, it is not supposed to be revenge trading. It is supposed to be pro trading. I always play according to my plan and my plan was to build as many short at 2287 and around as possible. I hope it is not revenge trade .

I have learned this style while playing poker. While you are playing, there are always people who try to piss you off and break your concentration. And if you break your plan because of this, you will loose. So thats how it came to the stage when I am pissed off, loosing and still I enter trades. Maybe not such a good idea, but thats just my experience. I will have a break on weekend.

T

So, H4 break. Told ya . But lets wait for Yankees now.

H4 still holding 100SMA and S&P futures only down 6 points from yesterday's equity close.

ADD: 1.2261 is the 50% FIB line from last Thursday-Friday High-Low.

I have been following this pair for over two months. I don't think it will reverse until hitting 0.97-0.98. Very elusive to long.

Today CAD might go soft with good or bad data + a risk-off today.

Oh no, Fibo mumbo and MA jumbo charging me? Please no, I really hate to get fooked by technicals.

Hello.

Third sell, sl moved to BE.
All sells with sl in BE.

Health for all.

SuperPill in your face!

No, seriously, GJ man, enjoy.

T

(Oh man internet is too slow , have to reload page again and again)
Tom you are one of my favourite trader in EurAnalysis and I always try to read your analysis because they are unbiased....Buddy to respect our parents is the real key to success .....Buddy my belief is some people get successful in no time and some have to fight and to work day night for it (like me still working hard to get it) but we should not to lose our heart and have to be honest with our selves and with the work which we are doing...There is always a light at the end of the tunnel.....