EurAnalysis

broke down, so... longs closed by stop profit

42...incoming...

Damn that H1 candle. Should have could have get out. Now 1% is at stake. Fcking scalping, so stressfull.

So, since I cant watch it coz I could get heartattack, cya later. I am having break.

T

I have one premature long trapped too.. Shit PA reacts to every possible micro level and without any momentum - it doesn't reveal which ones are more important..

1% is not heart attack loss. It's actually a very good risk limit.
Anyway, current levels are offering lots of support. So if support holds, you should be in the green soon... unless some EZ finance minister walks up to a microphone and says "Greece is fooked" or "Spain cannot be helped"

i'm in

That's what he said

oops... looks like it happened.

gl to us

I am aiming for 9930 initially, followed by above parity... maybe 1.0150

Also in from 9660

Looks like the floor just gave way...depending on how she punches thru this level & @ 15.. I anticipate 29 to be broken today...TWT

What happened? Money ran away from EZ?

i have to do that sometimes too!
Beach walk advised if possible.. A far horizon is essential!
Too wet in uk today.

fugin E/U

1.307 again or a break of 1.2875?

given away without fight ? more sellers . sometimes even a good or great supports are taken out too easily (295..) . crazy price action today i believe

Sure. Just for my SL and then reverse. Omg. I am such a bad scalper . So, back in a flat mode.

T

Well for me it actually still is heartattack loss. I still didnt get used to the pressure of my new account. But Mr. Market gives me good training. Every time I cant hold my horse, step away even a tiny bit from my tradeplan, I get spanked. For example my todays tradeplan was to scalp at 1,296, with SL at 1,293. Since that idiotic fibo 38% held, I changed my tradeplan and entered. If I stuck to it, I would be at BE by now, and my SL (which, moved after higher entry was at 2946) wouldnt get hit.

T

looks like bernanke has had his columbus day snooze interrupted...

sir, we have a problem down here. it appears the us dollar is gaining some value !

what, how can this be ? i thought we had killed that damn thing ??

i'll be right in...

Phantom Jobs

http://hosting.fyleio.com/17735/public/jackwelch.jpg



Friday’s employment data was interesting; wasn’t it? I think it’s safe to say that it shocked everyone but the politicians. Like Santa Claus delivering presents to children, the Bureau of Lies & Statistics (BLS) delivered a shocking present for politicians before the election.

The Bureau of Lies & Statistics, a name that I have used for years and not due to this data, reported that the unemployment rate magically plummeted to 7.8%. This report surprised the former CEO of GE, Jack Welch, so much that he tweeted “Unbelievable jobs numbers...these Chicago guys will do anything…can't debate so change numbers.” Even if Mr. Welch is a Romney supporter, this tweet like the BLS data, is surprising.

To be sure, there are conspiracy theories and political axes to grind over this number; however, I don’t agree with either. I simply believe the numbers are so tortured that they will scream anything at any time. In a word they are: unreliable.

Analysts at Jeffries agree with me in a recent report “…Taken at face value, the household survey would suggest that economic activity has been rocking-and-rolling and the labor market is bursting at the seams with jobs. We know that has not been the case, hence, the household data is difficult to believe and we are dismissive to the universal strength of the household survey data.

It would truly be wonderful if these numbers were believable, but they are not believable.

The crazy inconsistencies from month to month, as well as the INSANELY LARGE revisions (some over 1 MILLION in just one month) reflect the different samples used in the two surveys; one focuses on households the other on businesses. The so-called establishment survey has a vast sample size of 486,000 worksites, whereas the household survey covers just 60,000 homes.

What have the politicians been crowing about recently? Of course, they love the household portion of the jobs data now that it suits them (the other side of the isle would be doing the same – I hope I don’t have to remind my well-educated readers of that!).

For the conspiracy theorists among us, however, I may have an idea as to where a portion of the pop came from. For the first time in 22 straight years, the BLS declared that the segment of workers in the 20 to 24 year age group was positive. Said another way, every year since this metric has been compiled it has been a drag on the jobs data – until now.

Friday’s employment data was interesting; wasn’t it? I think it’s safe to say that it shocked everyone but the politicians. Like Santa Claus delivering presents to children, the Bureau of Lies & Statistics (BLS) delivered a shocking present for politicians before the election.


The Bureau of Lies & Statistics, a name that I have used for years and not due to this data, reported that the unemployment rate magically plummeted to 7.8%. This report surprised the former CEO of GE, Jack Welch, so much that he tweeted “Unbelievable jobs numbers...these Chicago guys will do anything…can't debate so change numbers.” Even if Mr. Welch is a Romney supporter, this tweet like the BLS data, is surprising.


To be sure, there are conspiracy theories and political axes to grind over this number; however, I don’t agree with either. I simply believe the numbers are so tortured that they will scream anything at any time. In a word they are: unreliable.


Analysts at Jeffries agree with me in a recent report “…Taken at face value, the household survey would suggest that economic activity has been rocking-and-rolling and the labor market is bursting at the seams with jobs. We know that has not been the case, hence, the household data is difficult to believe and we are dismissive to the universal strength of the household survey data.

It would truly be wonderful if these numbers were believable, but they are not believable.


The crazy inconsistencies from month to month, as well as the INSANELY LARGE revisions (some over 1 MILLION in just one month) reflect the different samples used in the two surveys; one focuses on households the other on businesses. The so-called establishment survey has a vast sample size of 486,000 worksites, whereas the household survey covers just 60,000 homes.


What have the politicians been crowing about recently? Of course, they love the household portion of the jobs data now that it suits them (the other side of the isle would be doing the same – I hope I don’t have to remind my well-educated readers of that!).


For the conspiracy theorists among us, however, I may have an idea as to where a portion of the pop came from. For the first time in 22 straight years, the BLS declared that the segment of workers in the 20 to 24 year age group was positive. Said another way, every year since this metric has been compiled it has been a drag on the jobs data – until now.