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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #49,981
  • Aug 24, 2012 10:26am Aug 24, 2012 10:26am
Quoting CurrencyMan
WE just had a Benny Moment...
Yep. It never fails. It's either Benny or Mario coming to save the day. Take your pick. Precisely why I don't leave positions open overnight. If my trade hits it's intraday TP target, I move SL very tight to PA.
  • #49,982
  • Aug 24, 2012 10:29am Aug 24, 2012 10:29am
Quoting CurrencyMan
My 70TH Birthday Present To Myself...

http://www.lamborghini.com/en/home/

Just Hop Aboard...

Have a great weekend...
Happy Birthday CurrencyMan. Work hard play hard.

Care to give a little instruction on how to open the doors?
  • #49,983
  • Aug 24, 2012 10:29am Aug 24, 2012 10:29am
Quoting PipTrapper
Good job.
Thx bud. Just can't be greedy in this market. Take what the market gives then rinse and repeat.
  • #49,984
  • Aug 24, 2012 10:29am Aug 24, 2012 10:29am
Quoting FXSwissTrader
Thank God I got out at 1.25. Also got out of my G/U short from 1.59.
tp hit @1.255 from 1.249
GU buylimit @1.5805 by 1 pip missed
  • #49,985
  • Aug 24, 2012 10:30am Aug 24, 2012 10:30am
Quoting Ken A
Happy Birthday CurrencyMan. Work hard play hard.

Care to give a little instruction on how to open the doors?
I think CM is only 68 but will reward himself with that at 70.
  • #49,986
  • Aug 24, 2012 10:31am Aug 24, 2012 10:31am
Quoting CurrencyMan
Are youu familiar with the Austrian School Of Economics ?

http://www.econlib.org/library/Enc/A...Economics.html

Have a great day.
Hey CM,

I've heard of the Author but I don't know what school is this.
I studied something similar to MIS (Management information Systems) which is called Wirtschaftsinformatik in deutsch.

Have a great weekend and drive safe with that lambo
  • #49,987
  • Aug 24, 2012 10:32am Aug 24, 2012 10:32am
Quoting mka_78
tp hit @1.255 from 1.249
GU buylimit @1.5805 by 1 pip missed
Good job on E/U. Should've kept tighter trailing SL though. Never give pips back to the criminal cartel. Set a 50 or 100 intraday pip target and get out.

Better to short G/U on rallies IMO.
  • #49,988
  • Aug 24, 2012 10:34am Aug 24, 2012 10:34am
Damn you Helicopter Ben!
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  • #49,989
  • Aug 24, 2012 10:34am Aug 24, 2012 10:34am
http://www.oftwominds.com/blogaug12/insolvency8-12.html

The central illusion of Central Planning everywhere is that distributing insolvency will somehow magically create solvency. I recently received a brief but powerful summary of the global financial system's intrinsic instability and unsustainability from correspondent Ray W., author of A Change in the Weather.

One key point is that spreading insolvency (debts that will never be paid back, debt based on totally phantom assets) over a populace does not somehow conjure up a solvent financial system or State. Distributing insolvency only destroys the last remaining islands of solvency in a bankrupt world.

The entire global financial "recovery" engineered by central banks and Central Planning is based on the absurd notion that if we spread unpayable debt over the entire body politic (be it a nation or regional entity such as the European Union) then that distribution will somehow make the debt payable and the phantom assets real.

The debt remains unpayable and the assets (collateral) remain stubbornly phantom. As for adding more debt (selling Eurobonds, Treasury bonds, etc.), please note the diminishing return on additional debt: it is now negative.


http://hosting-source.bm23.com/17735...saturation.jpg






Here is Ray's commentary:

Not only the US Federal Reserve, but the EU collectively and its members individually are blowing another bubble with artificially suppressed interest rates inducing a flight to equities. It may not look like a bubble because values are climbing so slowly and uncertainly, but that is just an indicator of the structural weakness and exhaustion of petrocapitalism. In terms of thermodynamics, the engine is just too big to run on the same fuel without serious retooling.

The debt from the past three decades of bubbles--finance, dot-com, real estate--is still largely unrepaid, and won’t be. Whether nefariously intended are not, the current payback scheme, focused as it is on sanctity of contract, is to keep the bond holders from absorbing any of the losses (the Greek haircut notwithstanding). Modern economics is all about trust, so if contracts are no longer reliable, then the whole system--which depends 100% on credit--functions much less efficiently and much more expensively. It begins to look medieval.

The hope is that the states can titrate these losses into the general population, where they will be diluted and absorbed like pollution. But like climate change, we’ve simply reached the saturation point. The world can no longer be a sump, economic or atmospheric.

Thank you, Ray. Diminishing returns define the flailing financial system: the return on petrocapitalism is declining (how many barrels of oil or equivalent does it take to extract and process one barrel of shale-derived oil?), the return on more debt has turned negative, the yield on "saving" bankrupt States is marginal, and so on: spreading insolvency to the taxpayers does not magically create solvency, it only distributes insolvency to every nook and cranny of the economy.

All the debt remains painfully real; it is only the collateral that is illusory.


Trade well and follow the trend, not the so-called “experts.”







Behold the age of infinite moral hazard! On April 2nd, 2009 CONgress forced FASB to suspend rule 157 in favor of deceitful accounting for the TBTF banking mafia.
  • #49,990
  • Aug 24, 2012 10:38am Aug 24, 2012 10:38am
Where is our friend Gofer and Cgb today?
  • #49,991
  • Aug 24, 2012 10:41am Aug 24, 2012 10:41am
MAN FIRED FROM JOB GOES ON SHOOTING RAMPAGE AT EMPIRE STATE
  • #49,992
  • Aug 24, 2012 10:42am Aug 24, 2012 10:42am
Quoting FXSwissTrader
Good job on E/U. Should've kept tighter trailing SL though. Never give pips back to the criminal cartel. Set a 50 or 100 intraday pip target and get out.

Better to short G/U on rallies IMO.
I went long because I missed the sell limit by 2 pips from 1.259, so I decided to go long from dips. Had 1.253 as 1st tp but moved it to 55.

GU 1.5805 was meant to be a scalp for 30 pips but look where it exactly stopped? 1 pip below 660ema M5
  • #49,993
  • Aug 24, 2012 10:43am Aug 24, 2012 10:43am
70% of Obama's 19 million TWITTER followers fake...
  • #49,994
  • Aug 24, 2012 10:45am Aug 24, 2012 10:45am
I hope shorters saved whole skin today.....we didnīreach lower target...I got info we are going to 1.2700 in near future.
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  • #49,995
  • Aug 24, 2012 10:47am Aug 24, 2012 10:47am
Quoting FXSwissTrader
Damn you Helicopter Ben!
I think he is now collecting the $ he was dropping
  • #49,996
  • Aug 24, 2012 10:49am Aug 24, 2012 10:49am
Quoting KlSaso
I hope shorters saved whole skin today.....we didnīreach lower target...I got info we are going to 1.2700 in near future.

You have info? Would you like to disclose this info in detail to all of us or is this top secret info from your contact on the inside?
  • #49,997
  • Aug 24, 2012 10:50am Aug 24, 2012 10:50am
Quoting KlSaso
I hope shorters saved whole skin today.....we didnīreach lower target...I got info we are going to 1.2700 in near future.
Ok. It's great to have such a reliable source, could make you rich!
  • #49,998
  • Aug 24, 2012 10:50am Aug 24, 2012 10:50am
Quoting mka_78
I think he is now collecting the $ he was dropping
Here's another juicy headline.

Obama asks eurozone to keep Greece in until after election day...


http://www.independent.co.uk/news/wo...y-8076852.html
  • #49,999
  • Aug 24, 2012 10:51am Aug 24, 2012 10:51am
Quoting FXSwissTrader
You have info? Would you like to disclose this info in detail to all of us or is this top secret info from your contact on the inside?
Nah...it's not for free I believe! Just think about that
  • #50,000
  • Aug 24, 2012 10:52am Aug 24, 2012 10:52am
Quoting KlSaso
I hope shorters saved whole skin today.....we didnīreach lower target...I got info we are going to 1.2700 in near future.
you got info....what is happening to this thread?
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