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  • #687,521
  • Sep 3, 2012 8:27pm Sep 3, 2012 8:27pm
asia looking for stops

what we have above 26 ? fence or stops
Mohan
  • #687,522
  • Sep 3, 2012 8:30pm Sep 3, 2012 8:30pm
Quoting SunTrader
You have a pro oil drilling policy and all the revenue that flows from it.

As I said previously, I wouldn't know what your govmint, or any other besides my own, is doing right or wrong.

But also comparing one country's pluses and minuses to another's is fruitless. Too many factors to adjust for.

The biggest factor that no one seems to be mentioning - population.


It's easier to make socialism (or any form of government) work when you population base is small. Unfortunately, the larger the US gets, the more tiers of Government are going to be introduced to manage the needs. In the end , that means higher taxes.
  • #687,523
  • Sep 3, 2012 8:31pm Sep 3, 2012 8:31pm
Quoting CapR
Here ya go. Straight from the US Treasury itself.

http://www.treasury.gov/press-center...es/js3048.aspx

AND

http://www.treasury.gov/press-center...ts/yearend.pdf

AND an indirect article based on a CBO report.
http://online.wsj.com/article/SB1000...s_opinion_main

It ain't rocket science. It really is self-evident. If more of your EARNED money is confiscated, why would you work harder if you're punished for it? CHECKMATE. I'm done.
It's nothing of the sort. What shows, demonstrates or otherwise _proves_ an increase in tax revenue and GDP _specifically applicable_ to the Bush tax cuts?


Quoting SunTrader
You have a pro oil drilling policy and all the revenue that flows from it.

As I said previously, I wouldn't know what your govmint, or any other besides my own, is doing right or wrong.

But also comparing one country's pluses and minuses to another's is fruitless. Too many factors to adjust for.
Resources are a huge part of our economy but so are financials; Canada isn't simply a nation of miners. Granted our natural resources are a huge boon, but there is nothing that says you can't have a socialist democracy with a high standard of living without them, or staggering amounts of debt; consider Germany and France as two prime examples. Granted they will probably bankrupt themselves trying to save the less fiscally responsible Euro-nations until their populaces staunchly refuse.

We also have strong regulations that prevent greed from running amok and creating destructive bubbles (Canadian banks are considered best run in the world overall; strong government oversight is part of the reason), tighter campaign finance/lobby controls that limit corruption, plutocracy and corporatism, and a healthier, longer living population due to socialized medicine.

When it comes to the States, we can't help but be concerned with what goes on down there, especially with regards to your political and economic arenas because ~80% of our trade is with you guys, so it pays to be in the know. It's like sleeping next to an elephant; you always need to keep your eye on the thing lest it squashes you.

EDIT: Almo brings up another salient point which is our much smaller population. Definitely a contributing factor, though again, for a country like the States, there is nothing in the raw economics that soundly makes a socialist form of governance possible. Germany and France both have more than twice ours, and still manage to make things work very well. You may have 10 times ours, but the size of your economy and GDP are more than equal to the commission of such a system.
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  • #687,524
  • Sep 3, 2012 8:33pm Sep 3, 2012 8:33pm
Quoting almo
The biggest factor that no one seems to be mentioning - population.


It's easier to make socialism (or any form of government) work when you population base is small. Unfortunately, the larger the US gets, the more tiers of Government are going to be introduced to manage the needs. In the end , that means higher taxes.
ok just split it no more "united"
Mohan
  • #687,525
  • Sep 3, 2012 8:36pm Sep 3, 2012 8:36pm
Here's the CBO report.

http://www.cbo.gov/publication/41463

http://www.cbo.gov/sites/default/fil...01Baseline.pdf
The trend is my friend? The world casino is my friend!
  • #687,526
  • Sep 3, 2012 8:37pm Sep 3, 2012 8:37pm
back to trading boys market start to move
Mohan
  • #687,527
  • Sep 3, 2012 8:37pm Sep 3, 2012 8:37pm
Quoting mohan76
asia looking for stops

what we have above 26 ? fence or stops


2619 is more better level to watch

what you reckon bro, bit bored, EU possible bigger inverted H&S,
note aussie & kiwi, just make new low last 1hr candles but still am
them bouncing a bit now
Attached Image (click to enlarge)
Click to Enlarge Name: H&S EU Daily 4 9 2012.png Size: 42 KB
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  • #687,528
  • Sep 3, 2012 8:42pm Sep 3, 2012 8:42pm
Quoting KiwiTrada
2619 is more better level to watch

what you reckon bro, bit bored, EU possible bigger inverted H&S,
note aussie & kiwi, just make new low last 1hr candles but still am
them bouncing a bit now
i am little afraid here , may be supper dhari having something in his tool box . eu not doing it's long due retirement or tesing of lower tln , my weekly down trend around resistant 30/32 , i have keep option open for free fall too
Mohan
  • #687,529
  • Sep 3, 2012 8:44pm Sep 3, 2012 8:44pm
Waiting to see if it crosses the finish line.
Attached Image (click to enlarge)
Click to Enlarge Name: finish line.jpg Size: 147 KB
Time turns trend. - W.D. Gann
  • #687,530
  • Sep 3, 2012 8:45pm Sep 3, 2012 8:45pm
Huge move. What's responsible?
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  • #687,531
  • Sep 3, 2012 8:49pm Sep 3, 2012 8:49pm
Quoting mohan76
i am little afraid here , may be supper dhari having something in his tool box . eu not doing it's long due retirement , my weekly down trend around resistant 30/32 , i have keep option open for free fall too
this little pop is related to small yen weakness bad data, but same daily chart above when zoom out is also nice falling TL

mmm you might be sit hands a wee longer to see if bull can start btraking some resistances, then you can release you bull, but for now is bib big battle going on
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily 4 9 2012.png Size: 38 KB
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  • #687,532
  • Sep 3, 2012 8:54pm Sep 3, 2012 8:54pm
Maybe I'm missing something here, but why would a weaker Yen result in a stronger Euro as opposed to a stronger USD? Because the US has closer trade ties with Japan? Isn't US the typical gloom and doom risk hedge (outside of metals)?
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  • #687,533
  • Sep 3, 2012 8:58pm Sep 3, 2012 8:58pm
http://timelessfx.blogspot.co.uk/201...us-symbol.html

also check

please see link

http://www.fxtimes.com/technical-upd...lish-breakout/

what about the timing

I've used Multiple timeframe Fib time Zones to select the best trade times on 3 different time frames for guidance starting from the weekly then daily then 4hrs.
This is still in it is trail stages. However from various back testing i believe we may be on to something in the way we apply the time zones.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd time zone.gif Size: 28 KB
  • #687,534
  • Sep 3, 2012 9:01pm Sep 3, 2012 9:01pm
Quoting KiwiTrada
this little pop is related to small yen weakness bad data, but same daily chart above when zoom out is also nice falling TL

mmm you might be sit hands a wee longer to see if bull can start btraking some resistances, then you can release you bull, but for now is bib big battle going on
kiwi little confuse here , usually when yen weakn in asia and session it dry $ liquidity but today it supported ladies why ?
Mohan
  • #687,535
  • Sep 3, 2012 9:03pm Sep 3, 2012 9:03pm
oops...entered a trade on the wrong side of my plan. let's see if the opposite works out in my favor.
  • #687,536
  • Sep 3, 2012 9:04pm Sep 3, 2012 9:04pm
Quoting KiwiTrada
2619 is more better level to watch

what you reckon bro, bit bored, EU possible bigger inverted H&S,
note aussie & kiwi, just make new low last 1hr candles but still am
them bouncing a bit now
I am looking at similar levels too around 1.2270 which is also .618 retracement of the 600 pip uptrend.........
PPP - Patience Pays PIPS
  • #687,537
  • Sep 3, 2012 9:04pm Sep 3, 2012 9:04pm
It looks like a double top pattern might develop here. I'm keeping my eye on it and am seriously considering a short here.

any opinions on that for the short term?

http://img.photobucket.com/albums/v6...3at70343PM.png


edit: not watching it anymore lol
  • #687,538
  • Sep 3, 2012 9:07pm Sep 3, 2012 9:07pm
Quoting Layzars
Maybe I'm missing something here, but why would a weaker Yen result in a stronger Euro as opposed to a stronger USD? Because the US has closer trade ties with Japan? Isn't US the typical gloom and doom risk hedge (outside of metals)?

bro forget economic relationships, for awhile, watch currency relationships, economic relativity has mean very little especially last 5-6 weeks with yen movement = pa movement, (including chian data) prior 8 16 weks was SNB controlling pa movement
for nearly 10 weeks economic data releases have been almost totally ignored by market, in fact often been contrarian

so you best option is to trade what on your charts in front of you.

Yes political blabbermouths have move markets violently, but even them is getting more and more confusing

presently ladies all doing their own thing, co relativity is useless until they start to come back into sync, hopefully after mid sept meetings, will be more clarity, but for now, is coin toss gambling
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  • #687,539
  • Sep 3, 2012 9:15pm Sep 3, 2012 9:15pm
broker says

Quote

Tokyo fix looks to be behind the recent jump higher in EUR
Mohan
  • #687,540
  • Sep 3, 2012 9:15pm Sep 3, 2012 9:15pm
Quoting mohan76
kiwi little confuse here , usually when yen weakn in asia and session it dry $ liquidity but today it supported ladies why ?

bro both kiwi and aussie at very good supports, bounce would been expected, so as above relationships are being skewed,
cable 1hr is very wicky, geppy still has 10 pip up room so I am watching their reaction

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