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  • #39,541
  • Nov 16, 2012 9:30pm Nov 16, 2012 9:30pm
had some quality discussion tonight in a long time. thanks guys.
off to bed. only had 2 hrs of sleep today. i'm passing out. lol
  • #39,542
  • Edited 9:47pm Nov 16, 2012 9:32pm | Edited 9:47pm
Quoting Piters
yeah mate.. as i said.. to be able to understand the past, we can actually predict the future.. dragging some conclusions and experiences from our past behavior.. and eventual fix the future problems.. or at least avoid them..
It is not a different timeframe, culture, religion, education ... but the same human pattern where we take the less line of resistance.. avoiding any pain to gain the pleasure..

nothing to do with political, global, technological difference or system.. we are humans and we always act the same way when we are facing same...
.......In deed my fried, in deed, I think we are having 2008 soon all over again or stronger, some times I think 2008 was just a test, the results, caos, but they weren't ready me think or they took advantage to print all they can and buy gold with it, now they are ready, so now they are going for real to create real caos and bring down the empire and form that glorius world order they so much had dream of........so we are not all going to die, but start a new era of slaves, fascism and totalitarian doctrines, just my 2 cents.......

something like scape from new york, evil residence or one of those movies kind of enviroment, hope not, but......
The Chonchy
  • #39,543
  • Nov 16, 2012 9:47pm Nov 16, 2012 9:47pm
Quoting pkimnyc
had some quality discussion tonight in a long time. thanks guys.
off to bed. only had 2 hrs of sleep today. i'm passing out. lol
have a good one pk, enjoy your dream......
The Chonchy
  • #39,544
  • Edited 10:20pm Nov 16, 2012 10:07pm | Edited 10:20pm
Quoting Piters
As discussed with some of my dear friends few days ago.. it is a duality system .. black and white.. [not 50 shades of gray.. ]

in newest history you can see cycles in bipartisan system.. conservatives vs democrats; conservatives vs labors .. ect..

first one takes care on economy, business, and create wealth, and others distribute the wealth created, looking more on social side..
With first ones you can almost always see budget surplus, with second ones budget deficit.. and all is created to support one to other.....
........Well the way I see it, both parties are sold to the created interests, big corps, and don't allow for oposition or resistance, one world order is the goal of both parties in power here and they are in their final touches, that is my own humble opinion......call me conspiracy theorist......
The Chonchy
  • #39,545
  • Nov 16, 2012 10:22pm Nov 16, 2012 10:22pm
Quoting chonchy
........Well the way I see it, both parties are sold to the created interests, big corps, and don't allow for oposition or resistance, one world order is the goal of both parties in power here and they are in their final touches, that is my own humble opinion......
yup.. i understand what you are saying.. and cant blame you for the feeling.. however..
as much I want to stay away of the consp. theories.. there is always a bitter taste in my throat.. to swallow the reality..

again.. going back to the history.. teaches us.. that many times, there were individuals with Megalo Ideas to conquer the world.. as it is. And only few of them made some success and only on short time.. Why.. let me tell you why... my take is..

We as a human species, created and set on this world are the most perfect creatures in all means.. and our role is to grow and develop to higher species.. trough experiences, bad or good.. to gain [claim] all our powers, mental and physical... that is our purpose and destiny

AS such.. [again from our history], the only way we get creative is when we are free and openmided.. so any repression, torture, assimilation, lost identities can only result with radical turnovers.. Thats our history.. that it is in all of us.. the system is created as such.. no one slavery lasted forever..

Even a RFID chip on our right arm or vaccines, or bio metric ID cant stop the human evolution..
  • #39,546
  • Nov 16, 2012 11:03pm Nov 16, 2012 11:03pm
Quoting Piters
yup.. i understand what you are saying.. and cant blame you for the feeling.. however..
as much I want to stay away of the consp. theories.. there is always a bitter taste in my throat.. to swallow the reality..

again.. going back to the history.. teaches us.. that many times, there were individuals with Megalo Ideas to conquer the world.. as it is. And only few of them made some success and only on short time.. Why.. let me tell you why... my take is..

We as a human species, created and set on this world are the most perfect creatures in...
.........I do think there is some good in the human race and the evolution as you say will continue and this evil forces will perish but in the mean while they will do more harm than good, that is for sure, and the bible say that a savior is coming and it will take all pain from us and will take care of us, but it will be an evil in desguise, so that I'm afraid is this world order, caos first, then the help from the united nations and puff we are hook, hope not but that is the plan me think, hope they don't get away with it, but there is a plan beleive me.......
The Chonchy
  • #39,547
  • Nov 16, 2012 11:06pm Nov 16, 2012 11:06pm
........the people think, goverments are good, the IMF is good, the united nations are good, but they are all finance with elite money and they have to follow orders and the end plan is evil, sad but so true........sad
The Chonchy
  • #39,548
  • Nov 16, 2012 11:08pm Nov 16, 2012 11:08pm
I'm having trouble with the N so place an N where ever you think is need it........thanks......lol
The Chonchy
  • #39,549
  • Nov 17, 2012 2:28am Nov 17, 2012 2:28am
Quoting Piters
yup.. i understand what you are saying.. and cant blame you for the feeling.. however..
as much I want to stay away of the consp. theories.. there is always a bitter taste in my throat.. to swallow the reality..

again.. going back to the history.. teaches us.. that many times, there were individuals with Megalo Ideas to conquer the world.. as it is. And only few of them made some success and only on short time.. Why.. let me tell you why... my take is..

We as a human species, created and set on this world are the most perfect creatures...
your way of seeing the world ( visionary ) is much appreciated - will keep this all views of yours ( gem ) - in store ( personal dairy ) for future - please keep giving more and keep educating us
finding A M S
  • #39,550
  • Nov 17, 2012 7:26am Nov 17, 2012 7:26am
Quoting Piters
Let me tell you a Tale..

Live was tough for the largest empire that had ever spanned the globe. Unemployment levels were at all time highs and getting worse...
And as result PPL were saving money and spending less. Retail shops continued to close their doors and layoffs increased as demand for products slowed.

So, as result the government hired thousand if workers at inflated wages, the administration spent record amounts of money on public works projects, food programs to feed the population and continued to increase the size of military in...
just woke up to read your great post, Piters.........perspective on human nature put in a historical context that personalizes the current economic situation.

the first time i went to Paris i visited Notre Dame cathedral and was awestruck not only by its incredible physical architecture, but by the fact that its construction began in the 10th century and took 400 years more or less until completion......not only that i tried to imagine the immense political and economic power wielded by the Roman church over much of northern europe outside of italy and the south as represented by the presence of Notre Dame as the pope's proxy in France.

Quote
Original quote by Piters; I have few more historical posts.. on austerities, globalisation and privatization on national resources. too.. but i need a time to process,, maybe in next few days..

my research goes back to Byzantium, rise and fall of the longest lasting empire in our history, 1100Y period..
hope to read more of your stories.........watched a Korean documentary last night (subtitles in english) about Angkor Wat, speaking of the concentration of power.
  • #39,551
  • Nov 17, 2012 7:44am Nov 17, 2012 7:44am
Quoting rekon67
Thanks. I try trading with a bias free mind, it helps me to see opportunities and limitations on both sides. Market is so dynamic, so manipulated and so much news driven time to time that, as you said, we all need to be careful with our trade and money.

So far good for me as I able to get profit from selling @ 1.277x zone and closed @ 1.269x last day and now looking for next trade set up.

A beautiful Morning here, so I am looking at the charts with fresh mind before I get too much busy with [b]other...
great points you make here, Rekon

your news point hit oil yesterday when the story broke over the GoM rig explosion...figured no one would want to be short into the weekend with the escalation of tensions in the ME and thought the quick pullback offered another nice entry point

best regards
  • #39,552
  • Nov 17, 2012 8:38am Nov 17, 2012 8:38am
Quote
Original quote; pkimnyc.......some articles in yahoo finance....

[quaot]The first round of talks aimed at avoiding the "fiscal cliff" caused a temporary rise in equities on Friday, signaling Wall Street's recent declines could be a buying opportunity. The gains were small and sentiment remains weak, but it suggests hope for market bulls.
http://finance.yahoo.com/news/wall-s...232345971.html

Quote
buy from where? knuckle heads...
i definitely don't want to be a knuckle head (not that it hasn't happened in the past or cannot happen again) and miss this opportunity, and have been playing the short side on NA and European equity indexes (nervously) and a few currency pairs (and exiting sooner than i should have in hindsight), but i am also acutely aware of the MASSIVE stimulus (with no apparent end in sight at least for 2013 and a real possibility that the FED may double up again sooner than later) that is just beginning to hit the market all of which is controlled by the Primary Dealer network of banks, not to mention Japan is also starting to make loud noises about a probable significant escalation of its own printing/debasement, not including what the ECB or China may or may not bring to play...

how the PDs choose to deploy all of that 'free' cash i do not know and maybe this time is the time when the market turns against the excessive printing and sells off like Prechter predicted in 2010 and again here, but what i do know is that everytime since the financial crisis when there has been an intervention by central banks on the scale of QEs or LTROs prices have risen, maybe not immediately as was the case with LTRO 1, but LTRO 1 also coincided with a calendar year end, another similarity between the stimulus coming on stream here now with the exception that this intervention is already advertized to be much much larger and with an unending element of 'flow' as opposed to specific numerical 'stock' than previous interventions..........the Godzilla of interventions more like a POMO (flow) R squared ......remember the weekly/monthly schedules of POMOs and how effectively POMOs worked during QE2 to prop and drive prices higher..

the other thing that i remember as a distinct characteristic of all of the interventions mentioned above is how once the printing took hold of the market and prices turned up the marches higher became pretty relentless and shorting became nothing more than a suicide mission technicals or no technicals as the technicals pretty much got distorted and obliterated as a measure of relative value ie., OB/OS/S/R ...

just saying from experience (some of it/a lot of it pain).....maybe this time is different?........i don't know, but what i do know is relatively recent history, and that makes me wary...

one other point i want to make here too is over the miserly fraction of interest rate paid on savings deposits by banks you drew attention to..........

i did not intend to purposely deride savers so poor choice of words maybe, but did want to make the point that human behavior makes up a large part of the markets and price discovery and if i have a 100, 000 dollars and choose to give it to a bank and get 3/10s of 1% interest per anum in return while that bank turns around and lends out my money 10 or 15 times with spreads from 2 to 25 % and i am either uninformed or choose to blissfully bury my head in the sand or look the other way because that is the price i am willing to accept to feel secure about where my money is held then i am at the same time abdicating my responsibility to myself........for a price

this is all just my opinion but in the big picture an ideal bank is one that is a utility to society serving the day to day needs for most all kinds of necessary transactions.......utopian world........discussion for anther time i guess, but interesting and relevant subject matter nonetheless whether one is a technical or fundamental trader or some of both

http://www.forexfactory.com/attachme...1&d=1353119151
  • #39,553
  • Nov 17, 2012 8:45am Nov 17, 2012 8:45am
Quoting roro53
great points you make here, Rekon

your news point hit oil yesterday when the story broke over the GoM rig explosion...figured no one would want to be short into the weekend with the escalation of tensions in the ME and thought the quick pullback offered another nice entry point

best regards
Thank you

Now some technical study from my chart window, and it says, we are in the 20th Month of the Long term down trend, noticeable factor is price already stayed and reversed from the Support Zone (1.20xx) for last 6 Months.

This month is so far a denial for the short term bullish trend / correction / pull back for 1000+ pips and may ended up as a reversal and continuation for the Long Term bearish trend. I think on an avg a long trend lasts for 36 months or so, there is a fare probability to test the support again and creating a new low.

As always, Time will tell, because present market is farely distributed between buyers and sellers of this wonderful pair E/U. News, Gimic, Political speeches will make a wider range for the intraday.
  • #39,554
  • Nov 17, 2012 9:56am Nov 17, 2012 9:56am
Quoting pkimnyc
some articles in yahoo finance....

[quaot]The first round of talks aimed at avoiding the "fiscal cliff" caused a temporary rise in equities on Friday, signaling Wall Street's recent declines could be a buying opportunity. The gains were small and sentiment remains weak, but it suggests hope for market bulls.
http://finance.yahoo.com/news/wall-s...232345971.html

buy from where? knuckle heads...[/quote]

now do the opposite and put a lovely point on the chart to sell
  • #39,555
  • Nov 17, 2012 12:41pm Nov 17, 2012 12:41pm
.......I'm going hasta abajo, lol.......

Inserted Video
The Chonchy
  • #39,556
  • Nov 17, 2012 1:07pm Nov 17, 2012 1:07pm
........Ok this is my humble analisis, and this is why i say "Hasta Abajo" wish means "To the bothom"........

notice 1,2,3 arrows is a place where price is being hiting, we may say is a big resistance right, so it bounced here and is being going down all month per weeks now if this weekly candle would of have finish red is was the four week, it looks like is going to end up in a doji, indecition, ok, but notice my red and green smaller arrows and look how 4,5,6,7 and 8 are marking s/r, but notice how area #9 is not a green or red arrow there, and that is why I said that price forgot something doen there on #9 area, and that is a green arrow, that is going now later or tomorrow i don't know but that is going to go and get that support #9, yes, you bether beleive it, when? don't know that one yet, but that is going is going, when and only when, I see a green arrow on that #9 area, then I will go long, before is only smoke and mirrors, rumors and gosipps, news and manipulation true stimulus, arrows, arrows is what I need, the rest is the rest for me, my humble opinium.......
Attached Image (click to enlarge)
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The Chonchy
  • #39,557
  • Nov 17, 2012 1:09pm Nov 17, 2012 1:09pm
Quoting cohiba pips
http://finance.yahoo.com/news/wall-s...232345971.html

buy from where? knuckle heads...
now do the opposite and put a lovely point on the chart to sell [/quote]
The Chonchy
  • #39,558
  • Nov 17, 2012 1:09pm Nov 17, 2012 1:09pm
Quoting pkimnyc
had some quality discussion tonight in a long time. thanks guys.
off to bed. only had 2 hrs of sleep today. i'm passing out. lol
The Chonchy
  • #39,559
  • Nov 17, 2012 1:10pm Nov 17, 2012 1:10pm
Quoting prashant7
your way of seeing the world ( visionary ) is much appreciated - will keep this all views of yours ( gem ) - in store ( personal dairy ) for future - please keep giving more and keep educating us
.......In deed good points peters, good i deed.......
The Chonchy
  • #39,560
  • Nov 17, 2012 1:11pm Nov 17, 2012 1:11pm
Quoting roro53
http://finance.yahoo.com/news/wall-s...232345971.html

i definitely don't want to be a knuckle head (not that it hasn't happened in the past or cannot happen again) and miss this opportunity, and have been playing the short side on NA and European equity indexes (nervously) and a few currency pairs (and exiting sooner than i should have in hindsight), but i am also acutely aware of the MASSIVE stimulus (with no apparent end in sight at least for 2013 and a real possibility that the FED may double up again sooner than...
The Chonchy
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