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  • #683,681
  • Aug 23, 2012 10:13am Aug 23, 2012 10:13am
Quoting mohan76
he refusing to listen or like to argue against fact
Possibly....he might also have a better understanding of how international banking works than I do. I am fairly ignorant to such things due to only keeping my eye on PA.


Still though, this is a good topic.
  • #683,682
  • Aug 23, 2012 10:14am Aug 23, 2012 10:14am
eu dropped shell

EU says it not expecting Spanish aid request any time soon
Mohan
  • #683,683
  • Aug 23, 2012 10:15am Aug 23, 2012 10:15am
The r1 has finally been broken. Next support is 1.25569
He who guess is LOST!
  • #683,684
  • Aug 23, 2012 10:16am Aug 23, 2012 10:16am
Quoting almo
Todd, you make an interesting case.

I often wonder the impact of the larger traders vs bankers working for international corporations.


While I can see how the larger traders can cause significant spikes (up/down + 100 pips or so), I would *think* that the international companies have a stake in the game as well , to protect against currency loss when performing transactions (which I assume produces the trends long term).

I may be wrong in this mindset - but it makes sense to me.

That being said, if we start seeing the CPI and...
Bring more EUR home to the powers that be at cheaper rates to pay off debts owed with more of less valuable assets.

Creditors have no choice but to accept legal tender under original terms agreed to.

EUR currently cannot print their way out debt from my understanding like the US can, so this is the only way.

short of declaring the debts null and void, which will send things to hell.

that is the long term strategy to achieve stabilization.

I hope i didnt get my analysis confused there but Im playing out the end game here as I see it.
  • #683,685
  • Aug 23, 2012 10:16am Aug 23, 2012 10:16am
Quoting StopGuessing
The r1 has finally been broken. Next support is 1.25569
Not broken on my chart.

Edit: Now it looks to be broken.
  • #683,686
  • Aug 23, 2012 10:21am Aug 23, 2012 10:21am
For the recrod R1 is based on GMT 0. 1.25730 is the r1 on my chart.
1.25569 was a key straddle point before the last move up. Should we break under it then sellers will be happy. Yet being its a straddle price, any close over or under it is where scalpers should take a position at.
He who guess is LOST!
  • #683,687
  • Aug 23, 2012 10:23am Aug 23, 2012 10:23am
Quoting StopGuessing
For the recrod R1 is based on GMT 0. 1.25730 is the r1 on my chart.
1.25569 was a key straddle point before the last move up. Should we break under it then sellers will be happy. Yet being its a straddle price, any close over or under it is where scalpers should take a position at.
Oh, I see. What is your Pivot then?
  • #683,688
  • Aug 23, 2012 10:23am Aug 23, 2012 10:23am
Quoting todstars2
Bring more EUR home to the powers that be at cheaper rates to pay off debts owed with more of less valuable assets.

Creditors have no choice but to accept legal tender under original terms agreed to.

EUR currently cannot print their way out debt from my understanding like the US can, so this is the only way.

short of declaring the debts null and void, which will send things to hell.

that is the long term strategy to achieve stabilization.

I hope i didnt get my analysis confused there but Im playing out the end game here as I see...
I dont generally use this type of info to make my trade decisions but it is an interesting intellectual exercise and does give a nice wide view of the battlefield which can be helpful
  • #683,689
  • Aug 23, 2012 10:25am Aug 23, 2012 10:25am
Maybe a retrace into 1,2545/50... a good area to a day close
Create confidence... because confidence is capital
  • #683,690
  • Aug 23, 2012 10:25am Aug 23, 2012 10:25am
Quoting mohan76
eu dropped shell

EU says it not expecting Spanish aid request any time soon
Mohan, what's your news feed(s)?
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #683,691
  • Aug 23, 2012 10:26am Aug 23, 2012 10:26am
Sell into the weekend is underway?
  • #683,692
  • Aug 23, 2012 10:27am Aug 23, 2012 10:27am
Quoting Layzars
Mohan, what's your news feed(s)?
Came across my news feed at 13:13 EST
  • #683,693
  • Aug 23, 2012 10:28am Aug 23, 2012 10:28am
Which news feeds would the thread collectively recommend?
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #683,694
  • Aug 23, 2012 10:28am Aug 23, 2012 10:28am
Quoting Layzars
Mohan, what's your news feed(s)?
that was on talking forex

Quoting Layzars
Which news feeds would the thread collectively recommend?
depend how much you can afford

Bloomberg terminal is the best cost $1800+ month

free
http://www.forexlive.com/blog/category/regions/
ff news section
mt4 news tab
other free brokers feed
Mohan
  • #683,695
  • Aug 23, 2012 10:29am Aug 23, 2012 10:29am
and dont forget fibo until it works
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  • #683,696
  • Aug 23, 2012 10:32am Aug 23, 2012 10:32am
Quoting Layzars
Which news feeds would the thread collectively recommend?
I finally went with a paid one. zerohedge on Twitter is decent IMO. A minute behind though.
  • #683,697
  • Aug 23, 2012 10:36am Aug 23, 2012 10:36am
Quoting xandi
ALERT ALERT

Prepare your shorts, the sun is burning, and the water is cool!!!!
NOw, itīs the time for everytime price reaches 1.2600 we go short...depending on your strategie, you can open and close several times shorting 1.2590 till 1.2630...40 pips range for good and profitable shorts!!!open // close ; open // close...repeat!! but, it will arrive the time when you open, and wait for 200 pips down or more to close...gradually
  • #683,698
  • Aug 23, 2012 10:36am Aug 23, 2012 10:36am
Quoting mohan76
but u said you shorting with s/l above 1.30
i'm building up shorts, i said i think it will fall back....
  • #683,699
  • Aug 23, 2012 10:37am Aug 23, 2012 10:37am
Quoting mohan76
eu dropped shell

EU says it not expecting Spanish aid request any time soon
no news here, at best its expected on 12th, if it ever happens. but speculators prefer to dream....
  • #683,700
  • Aug 23, 2012 10:44am Aug 23, 2012 10:44am
argh. went long a split second before the 17 pip short.
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