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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #63,821
  • Dec 19, 2012 4:56pm Dec 19, 2012 4:56pm
Quoting PipTrapper
No I closed it in profit at 1.3232 for +34 pips
Aaaaight good.
  • #63,822
  • Dec 19, 2012 5:00pm Dec 19, 2012 5:00pm
Odd pa after markets
  • #63,823
  • Dec 19, 2012 5:18pm Dec 19, 2012 5:18pm
Quoting D2tz
Odd pa after markets
this is a thin market and no liquidity so be prepare for all kind of odd moves.best to play on the edges with small position,its a kind of volatility play in the short term.its important that one play small positions only, no heroism please.
Allah has permitted trade and has forbidden interest [koran]
  • #63,824
  • Dec 19, 2012 5:27pm Dec 19, 2012 5:27pm
Quoting drzakir123
this is a thin market and no liquidity so be prepare for all kind of odd moves.best to play on the edges with small position,its a kind of volatility play in the short term.its important that one play small positions only, no heroism please.
Will do! Thanks doc
I normally expect the moves to stay within UK & US session high/low. It's not the case with USD/CAD at the moment. I am weary
  • #63,825
  • Dec 19, 2012 5:32pm Dec 19, 2012 5:32pm
Quoting drzakir123
this is a thin market and no liquidity so be prepare for all kind of odd moves.best to play on the edges with small position,its a kind of volatility play in the short term.its important that one play small positions only, no heroism please.
your signature is odd.
AVT INVENIAM VIAM AVT FACIAM
  • #63,826
  • Dec 19, 2012 5:41pm Dec 19, 2012 5:41pm
Quoting the redlion
your signature is odd.
whats so odd about it?
Allah has permitted trade and has forbidden interest [koran]
  • #63,827
  • Dec 19, 2012 5:52pm Dec 19, 2012 5:52pm
Quoting drzakir123
whats so odd about it?
makes no sense.....


you let some one borrow money without interest....then why let them borrow money at all?

that is why civilization developed interest even from the time of the Summerians.....sheep, cattle, or any grains that were lent out the borrower would in turn pay back with a little extra for the privilege of using the lenders resource.


seems like Allah needs some education in economics to me.....it is an old book but even back then you had advanced civilizations with modern economic principles so it seems odd that some one would actually give credibility to the principle of "usury" in THAT manner.

I think our modern regulations do a good job at preventing usury........so in conclusion, actually taking that quote seriously would freeze up credit markets, contract economic growth, and will make the distribution of resources very difficult.

bad advice.....that is why it is odd.
AVT INVENIAM VIAM AVT FACIAM
  • #63,828
  • Dec 19, 2012 6:00pm Dec 19, 2012 6:00pm
Quoting the redlion
makes no sense.....


you let some one borrow money without interest....then why let them borrow money at all?

that is why civilization developed interest even from the time of the Summerians.....sheep, cattle, or any grains that were lent out the borrower would in turn pay back with a little extra for the privilege of using the lenders resource.


seems like Allah needs some education in economics to me.....it is an old book but even back then you had advanced civilizations with modern economic principles so it seems odd that some one...
Red, I also agree that regulations today prevent usury, but please do not question or debate religious beliefs in this forum. Some posters may find it offensive to have their faith questioned.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,829
  • Dec 19, 2012 6:01pm Dec 19, 2012 6:01pm
Quoting PipTrapper
Red, I also agree that regulations today prevent usury, but please do not question or debate religious beliefs in this forum. Some posters may find it offensive to have their faith questioned.
it is not a matter of faith Pip

it is an economic principle

Interest is economic not faith based.
AVT INVENIAM VIAM AVT FACIAM
  • #63,830
  • Dec 19, 2012 6:33pm Dec 19, 2012 6:33pm
Quoting the redlion
it is not a matter of faith Pip

it is an economic principle

Interest is economic not faith based.
True, but just the same... please drop it.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,831
  • Dec 19, 2012 6:58pm Dec 19, 2012 6:58pm
Quoting PipTrapper
True, but just the same... please drop it.
for what is worth
I am of the belief (not yet confirmed) that this is the beginning of a bearish correction.

for the Euro to keep advancing after the rejection of the 1.33 it would mean more than thin market manipulation.


my targets for the day are bearish position as high as i can get the quotes above open.

1.3265 would be one standard deviation according to my GARCH 1,1 forecast
and 1.3178 would be minus one standard deviation on the bearish side

if my forecast is right IF we even re-test 1.33 and I see no bearish candle formation this would invalidate my assessment.

so if I am looking at intra-daily targets 1.3178 or so would be a good price to unload my short (by than I mean square my position)......if I am looking to ride a daily wave then anywhere near 1.3050 still feasible in 9 days.
AVT INVENIAM VIAM AVT FACIAM
  • #63,832
  • Edited 7:11pm Dec 19, 2012 7:00pm | Edited 7:11pm
[quote=the redlion;6310277]makes no sense.....


you let some one borrow money without interest....then why let them borrow money at all? when u worked and earn some money,that means u have ability to control a fixed value,nothing less or more than what u have worked for and if u have more than sufficient if another human being in need u can loan it to him to utilise it but by itself it doesnt have any inherent value to earn anything more than what it is valued at.the thing which earn anything out of it is the person who use it with his hard work and deligence.that is say if u have cattle or rice or wheat,they have a value but by itself they wont make anything extra,it is the person who use it by agriculture or farming by using his sweat and toil,hardwork and brain that make a profit out of it.

that is why civilization developed interest even from the time of the Summerians.....sheep, cattle, or any grains that were lent out the borrower would in turn pay back with a little extra for the privilege of using the lenders resource.what if that cattle die or grain in earth wont give required harvest,is the lender going to share the loss ,no he wont.just like when u take morgatge he will take his interest first before his principle and then if u unable to pay u will loose ur house as well


seems like Allah needs some education in economics to me.[what can i say ignorance is bliss]....it is an old book but even back then you had advanced civilizations with modern economic principles so it seems odd that some one would actually give credibility to the principle of "usury" in THAT manner.yes quran about 1400 yrs old,new testament about 2000yrs old,bible about 5 to 10 thousands yrs old, vedas ,tao chi about the same and all of them against usury

I think our modern regulations do a good job at preventing usury........so in conclusion, actually taking that quote seriously would freeze up credit markets, contract economic growth, and will make the distribution of resources very difficult. that is myth that modern regulations do a good job at preventing usury.consider this when federal reserve get 100 dollar u deposit.it will keep 10dollar as reserve and lend out 90 dollar earning interest on it and when that 90 dollar come back as deposit it will keep 9 dollars as reserve and lend out 81 dollar and when the whole process complete ,what do u think they are earning as interest on the 100 dollar u deposit.man usury sharks on the street will feel ashamed of themselves.in fact federal reserves create money out of thin air.what this system does is,it distribute wealth to upper strata of society.the system allow wealth to flow from poor and hardworking people into the pockets of rich and elite via inflation.finally let me put this verses from quran one more time..




''Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, God permits commerce, and prohibits usury.thus whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgment rests with God. As for those who persist in usury, they incur Hell, wherein they abide forever'' (Al-Baqarah 2:275] koran
regards God bless u. may God has mercy on me,if i have'nt done justice to the subject,the mistakes are entirely mine. i just wanted to thank you for raising the question.thank you.regards
Allah has permitted trade and has forbidden interest [koran]
  • #63,833
  • Dec 19, 2012 7:10pm Dec 19, 2012 7:10pm
Quoting PipTrapper
Red, I also agree that regulations today prevent usury, but please do not question or debate religious beliefs in this forum. Some posters may find it offensive to have their faith questioned.
hey PT i actually wanted to thanks redlion for raising this question,infact in the process of answering him i able to appreciate the subject more deeply.actually it benefit me immensly.yes i agree with redlion we r discussing ecnomics than religion or belief.regards
Allah has permitted trade and has forbidden interest [koran]
  • #63,834
  • Dec 19, 2012 7:11pm Dec 19, 2012 7:11pm
Quoting drzakir123;6310396makes no sense.....<br /> <br /> <br /> you let some one borrow money without interest....then why let them borrow money at all? [color=red
when u worked and earn some money,that means u have ability to control a fixed value,nothing less or more than what u have worked for and if u have more than sufficient if another human being in need u can loan it to him to utilise it but by itself it doesnt have any inherent value to earn anything more than what it is valued at.the thing which earn anything out of it is the person who use it with...
pip trapper (who I happen to respect) basically is limiting my freedom of speech on this one.....so I won't respond to that rebuttal and educate you on reality based principles, fractional reserve banking, and human psychology as well as economics. For your own good though.....given you are in the same professional field as I am...........faith should not be what guides your decisions...it should be empirical evidence, and robust statistical studies otherwise we would still be treating patients with leeches and sprinkling blood on them from the head of a dead bird.

I ask you not to reply to me on the matter anymore because, I will not respond.....due to the limitations imposed on me.

you are welcome to skype me, pm me, or email me though .....it would be an interesting conversation.
AVT INVENIAM VIAM AVT FACIAM
  • #63,835
  • Dec 19, 2012 11:02pm Dec 19, 2012 11:02pm
Quoting the redlion
pip trapper (who I happen to respect) basically is limiting my freedom of speech on this one.....so I won't respond to that rebuttal and educate you on reality based principles, fractional reserve banking, and human psychology as well as economics. For your own good though.....given you are in the same professional field as I am...........faith should not be what guides your decisions...it should be empirical evidence, and robust statistical studies otherwise we would still be treating patients with leeches and sprinkling blood on them from...
Sorry Red... If I am limiting your freedom of speech, it is only in this public forum and only in the context of religion. You are certainly free to discuss economics. In the case of anything that is out of context for this thread, you may exercise your rights to freedom of speech via PM or any other communications medium of your choice

Thank you my friend. I appreciate your understanding.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,836
  • Dec 19, 2012 11:11pm Dec 19, 2012 11:11pm
Gino32 is back
You can find his posts and analysis here >> http://www.forexfactory.com/showthread.php?t=399103
Those who say it cannot be done should not interrupt those who are doing it
  • #63,837
  • Edited 1:35am Dec 20, 2012 12:24am | Edited 1:35am
Opened this one on a 5min divergence yesterday and decided to trail her & see what she wanted to do....looking at the volume on the weekly she still owes us around 160 pips to meet the average & looking at the monthly she has exhausted herself... after yesterdays bearish close..logic suggests down...but lets see what she does with 3120 1st..
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Those that say do not know. Those that know do not say.
  • #63,838
  • Dec 20, 2012 1:17am Dec 20, 2012 1:17am
Quoting sisse
Spot on red. Many and some very intelligent traders in this thread managed to create this year such a monster bear bias that sadly this year didn't pan out (the reasons are for another conversation before we close the year) that have ended losing perspective (for trading and FA wise) when things changed....I will post something else later because I think PT will and should open a "review of the year".



I mentioned a couple of months ago and again insist strongly, IMO, we can disagree in some technicalities and macro issues but in general...
So many puts Now lets get a fiscal cliff bs sellof so i can load the truck again..

Anyway say nobody mention anything on the ecb latest meeting but that was important for the Yuro bears. Draghi has all votes even from the biggest dovish 1s to lower intrest rates whenever he wants. So when the yuro gets to strong he will but now whe have this political bs so it will go up some more.... (HINT) Watching ecb meetings coming months
  • #63,839
  • Dec 20, 2012 1:22am Dec 20, 2012 1:22am
Quoting ingmarforex
So many puts Now lets get a fiscal cliff bs sellof so i can load the truck again..

Anyway say nobody mention anything on the ecb latest meeting but that was important for the Yuro bears. Draghi has all votes even from the biggest dovish 1s to lower intrest rates whenever he wants. So when the yuro gets to strong he will but now whe have this political bs so it will go up some more.... (HINT) Watching ecb meetings coming months
O yeah forget to say thats also a put
  • #63,840
  • Dec 20, 2012 1:51am Dec 20, 2012 1:51am
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