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EurAnalysis Kindergarten 24 replies

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  • #51,541
  • Aug 31, 2012 9:19am Aug 31, 2012 9:19am
Wow, Maxwell is on the wrong zip line...
I observe your reality but live my own.
  • #51,542
  • Aug 31, 2012 9:20am Aug 31, 2012 9:20am
Here you are


Regards,

Mr. Market
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  • #51,543
  • Aug 31, 2012 9:21am Aug 31, 2012 9:21am
Quoting PipTrapper
It will be here when they finally publish it,...

http://www.federalreserve.gov/newsev...2012speech.htm

Otherwise listen to CNBC.

thank u. ended up watching it on cnbc
  • #51,544
  • Aug 31, 2012 9:22am Aug 31, 2012 9:22am
Quoting Cgb
Wow, Maxwell is on the wrong zip line...
Well, I was stopped out at BE with both positions on the down and back up. so No biggie!

Intervention perhaps by SNB and Euro CB's?
  • #51,545
  • Aug 31, 2012 9:26am Aug 31, 2012 9:26am
Quoting FXSwissTrader
Well, I was stopped out at BE with both positions on the down and back up. so No biggie!

Intervention perhaps by SNB and Euro CB's?
I'm now down 60 points on the day and hemorrhaging on lower shorts.
I observe your reality but live my own.
  • #51,546
  • Aug 31, 2012 9:27am Aug 31, 2012 9:27am
Quoting Cgb
I'm now down 60 points on the day and hemorrhaging on lower shorts.
I thought you were BE?
  • #51,547
  • Aug 31, 2012 9:28am Aug 31, 2012 9:28am
Quoting FXSwissTrader
Well, I was stopped out at BE with both positions on the down and back up. so No biggie!

Intervention perhaps by SNB and Euro CB's?
I even managed to grab few pips
Now I am reloading to get short again, watching closely 1M, 5M chart...
Read Charts - Not Papers
  • #51,548
  • Aug 31, 2012 9:28am Aug 31, 2012 9:28am
Lol, why on earth is the Euro at 1.26.

This makes less than 0 sense.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #51,549
  • Aug 31, 2012 9:29am Aug 31, 2012 9:29am
Its a stretch..but she may reach for the [email protected] the steam blows out of her...
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Those that say do not know. Those that know do not say.
  • #51,550
  • Aug 31, 2012 9:29am Aug 31, 2012 9:29am
I'm down hard as well.

But lets all stop and take a deep breath.

What we are seeing is whipsaw from jacka$$ hole ().

What are the implications this will have in the longer run?

Will this move stay? Or will we come back to reality in a few hours / over the weekend.
  • #51,551
  • Aug 31, 2012 9:29am Aug 31, 2012 9:29am
Quoting FXSwissTrader
I thought you were BE?
Yes, I did get BE on the 95 trade. Had short earlier this morning before the first pop.

ADD: Now I am PISSED! WTF is this drop now?!?!?
I observe your reality but live my own.
  • #51,552
  • Aug 31, 2012 9:29am Aug 31, 2012 9:29am
Quoting halkins
I even managed to grab few pips
Now I am reloading to get short again, watching closely 1M, 5M chart...
. I broke even but added a short at 1.2635. Set to BE now.
  • #51,553
  • Aug 31, 2012 9:30am Aug 31, 2012 9:30am
Quoting Cgb
Yes, I did get BE on the 95 trade. Had short earlier this morning before the first pop.
Oh, just be patient bro. Market is digesting the info.
  • #51,554
  • Aug 31, 2012 9:33am Aug 31, 2012 9:33am
Quoting FXSwissTrader
. I broke even but added a short at 1.2635. Set to BE now.
can't digest how do do you manage to grab top always, was it a limit order
  • #51,555
  • Edited 9:45am Aug 31, 2012 9:34am | Edited 9:45am
Quoting FXSwissTrader
He did NOT mention QE or any other measures. Nothing new! Basically wants to wait to see what Europe does.
Quote, Bubbles speech, Conclusion:
Early in my tenure as a member of the Board of Governors, I gave a speech that considered options for monetary policy when the short-term policy interest rate is close to its effective lower bound. I was reacting to common assertions at the time that monetary policymakers would be "out of ammunition" as the federal funds rate came closer to zero. I argued that, to the contrary, policy could still be effective near the lower bound. Now, with several years of experience with nontraditional policies both in the United States and in other advanced economies, we know more about how such policies work. It seems clear, based on this experience, that such policies can be effective, and that, in their absence, the 2007-09 recession would have been deeper and the current recovery would have been slower than has actually occurred.

So, as you were saying.

edit: more of it:
Over the past five years, the Federal Reserve has acted to support economic growth and foster job creation, and it is important to achieve further progress, particularly in the labor market. Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability.

Edit: Ehmm, remember to always finish what are you reading. So, from the context where Bubbles was complaining about stagnating labour market (which was key question to unlock QE from start) it, combined with the bolded part, may seem he can send some cash in.

So, conclusion? I dont know . Do you? If some of you knows, please tell me. But imo now QE seems to be a little bit more likely than 20 minutes ago.

T
"I know one thing, that I know nothing." Sokrates
  • #51,556
  • Aug 31, 2012 9:36am Aug 31, 2012 9:36am
Quoting The_Genious
can't digest how do do you manage to grab top always, was it a limit order
Because that area is extreme overshoot of out of balance daily volume area. It is also an exhaustion level WAY above daily range high. I watch PA and enter manually when PA moves this fast. I scale my positions in like a ladder and set other lower positions to BE once they go in positive. Almost like dollar cost averaging on the live! Gotta have fast fingers.
  • #51,557
  • Aug 31, 2012 9:37am Aug 31, 2012 9:37am
Straight from bloomberg.

"The Fed is not satisfied where we are, especially unemployment."

Japan is not something we want to emulate with low interest. QE is betting on recovery in real assets not keeping bond yields low.

Will it work?

'printfinity' is still on the table.
  • #51,558
  • Aug 31, 2012 9:37am Aug 31, 2012 9:37am
Quoting Layzars
Lol, why on earth is the Euro at 1.26.
Lol... because someone was willing to pay so much
Read Charts - Not Papers
  • #51,559
  • Aug 31, 2012 9:38am Aug 31, 2012 9:38am
I'm thinking hard about it.

1. They are searching for liquidity (stops)

2. They really believe QE3 is in play this year
Inflation in things we need, Deflation in things we want.
  • #51,560
  • Aug 31, 2012 9:38am Aug 31, 2012 9:38am
hehe. Bought it up to 25 and sold again. Gotta love range on testing in active markets. Still expect it to go down but it is testing right now. It doesn't have a clue what it wants to do.
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