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  • #741,101
  • Jan 3, 2013 7:49am Jan 3, 2013 7:49am
Quoting EuroTrader
long 1.3100 sl 1.3190 tp 1.3200
i wouldn't count on it too much. if we stay below 112 this hour i see another move down
  • #741,102
  • Jan 3, 2013 7:49am Jan 3, 2013 7:49am
I did buy on 31040 and 30913.
1D exactly touched bottom trend line and would sharply hit bolinger bottom band if not reversed. Besides, it is 5th wave. Should go at least as high as previous top.
  • #741,103
  • Jan 3, 2013 7:49am Jan 3, 2013 7:49am
Quoting Devonsent

In terms of economic value; Holland has a GDP in the region of $350b, Finland around $230b and Germany $3.6T so go figure who is supporting whom. It's also true that Merkel and Hollande won't want the great European plan to fail and will do anything to keep it secure, in whatever future form that is.

You are also missing the point, bailouts are based on collatoral arb, and there are only 3 countries that have the clout and the finances to arb the bailouts, those are FI/NL/GE. Now if you would take the time and read the fine print of the bailout programs from all 3 in the Troika you will see exactly who is putting the money up. They are roughly 700 pages each and I can understand why you just can't be bothered....

Of course there is a 4th arm and that are FED swaps, but don't really want to muddle the water here, am trying to keep it as simple as I can for you.

As soon as either the Dutch, the Finnish or the German voters bail, bye bye Europe, may as well cut of the South and let it float down to Africa.
The great majority are rarely capable of thinking independently.
  • #741,104
  • Jan 3, 2013 7:52am Jan 3, 2013 7:52am
Quoting fxtyrant
great entry buddy
but dont hold it too long... im seriously considering getitng out of all my positions before NFP tomorrow,...
yes already winning trade @BE+1 . Considering 3220/3258 to form C point (forming partial Bullish gartley if price stop right C point) then down to 2940 to complete the gartley at point D...just my plan based on Harmonic & Fibonacci ratios
Dangdut is a music of my country
  • #741,105
  • Jan 3, 2013 7:55am Jan 3, 2013 7:55am
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #741,106
  • Jan 3, 2013 7:56am Jan 3, 2013 7:56am
Quoting fxnav
You are also missing the point, bailouts are based on collatoral arb, and there are only 3 countries that have the clout and the finances to arb the bailouts, those are FI/NL/GE. Now if you would take the time and read the fine print of the bailout programs from all 3 in the Troika you will see exactly who is putting the money up. They are rougly 700 pages each and I can understand why you just can't be bothered....

As soon as either the Dutch, the Finnish or the German voters bail, bye bye Europe, may as well cut of the South and let it float...

I agree, that's what would happen but I just can't see it being allowed to happen like that - those governments aren't just going to cut their losses and walk away from the Southern European countries because of the damage that it would do to the worldwide banking sector.

Maybe I'm being to much of an optimist but I believe that the EU is here to stay but that it'll not be in the same form in five years (if that long).

Oh, and to FXTyrant - that bitin bold was supposed to be a joke. Sorry if you didn't understand.
  • #741,107
  • Jan 3, 2013 7:57am Jan 3, 2013 7:57am
Quoting fxtyrant
in ur dreams buddy.... when ur country cant produce anything to even pay back the debt...
2 things gona happen....

take greece for example.... Greece leaves eurozone, greece goes to drachma, and then drachma devalues in order to attract investors for growth... but as you devalue drachma, itll be even harder and harder for a devaluing drachma versus the Euro to pay back the Euro Debt...

If Greece were to get a debt write off like mexicans and brazil did.... the banking community in Europe will collapse due to bad debts written off...
This is what you have to know about Greece:
Inserted Video
  • #741,108
  • Jan 3, 2013 7:58am Jan 3, 2013 7:58am
Quoting shmandi
i wouldn't count on it too much. if we stay below 112 this hour i see another move down
I have a feeling that today we will see a strong up move ... but it is just a feeling :nerd:
  • #741,109
  • Jan 3, 2013 8:00am Jan 3, 2013 8:00am
Quoting Devonsent
I agree, that's what would happen but I just can't see it being allowed to happen like that - those governments aren't just going to cut their losses and walk away from the Southern European countries because of the damage that it would do to the worldwide banking sector.

Maybe I'm being to much of an optimist but I believe that the EU is here to stay but that it'll not be in the same form in five years (if that long).

Oh, and to FXTyrant - that bitin bold was supposed to be a joke. Sorry if you didn't understand.
oh my bad sorry bout not realizing the joke... but yea im not optimistic about the European Economy AT ALL....
Europe is on the verge of entering negative growth again, and they didnt even recovered fully from the US market collapse back in 2008....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #741,110
  • Jan 3, 2013 8:00am Jan 3, 2013 8:00am
Quoting Devonsent
I agree, that's what would happen but I just can't see it being allowed to happen like that - those governments aren't just going to cut their losses and walk away from the Southern European countries because of the damage that it would do to the worldwide banking sector.

Maybe I'm being to much of an optimist but I believe that the EU is here to stay but that it'll not be in the same form in five years (if that long).

Oh, and to FXTyrant - that bitin bold was supposed to be a joke. Sorry if you didn't understand.

They won't do it voluntarily, but they may get forced to by either inflation, a shrinking economy, or even one of the 3 losing their rating, that would scupper the whole ESM/EFSF bailout structure and we would have to start all over.

Bring oil up to 100+ for a month or so and bye bye periphery. It is not upto just the 3, it is all up to the markets, what if the bond guys would widen that spread again, but this time on France and Italy, coupled with inflation hitting 3 and a few points of GDP, that would very quickly put an end to any bailout plan.

Everybody and his sister is watching Germany/Holland/Finland, any hiccup with those 3 and the sh!t will really hit the fan.

none of this is about choices, the choices are forced upon them and have been so from day 1. If only Greece/Spain/Portugal would have behaved better in the first place, we wouldn't even be discussing this right now.
The great majority are rarely capable of thinking independently.
  • #741,111
  • Jan 3, 2013 8:02am Jan 3, 2013 8:02am
Quoting EuroTrader
I have a feeling that today we will see a strong up move ... but it is just a feeling :nerd:
its probably best not to trust forex by feeling... learn to read charts by Price Action buddy.... or if ur not confident on lower TF and PA, go to Higher TF and trade longer TF, Longer time frame are often charts the give you better picture of whats going on... but patience to trade higher tf is required....

im not up for the whole Up move today but maybe tomorrow the NFP might mess things up agian...
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #741,112
  • Jan 3, 2013 8:02am Jan 3, 2013 8:02am
I added long at 1.3110
Targetting 1.3480

GL
  • #741,113
  • Jan 3, 2013 8:03am Jan 3, 2013 8:03am
Quoting EuroTrader
I have a feeling that today we will see a strong up move ... but it is just a feeling :nerd:
anything can happen. but i don't think before fomc
  • #741,114
  • Jan 3, 2013 8:04am Jan 3, 2013 8:04am
small L 3108 with 3230 target. looking to short weakness after 3230
those who can, do. those who cant, talk about those who can
  • #741,115
  • Jan 3, 2013 8:04am Jan 3, 2013 8:04am
Quoting davidsayli
I added long at 1.3110
Targetting 1.3480

GL
I think fifth length will be same like first wave in H4 Chart.
It shows us 1.3480 is possible.

GL
  • #741,116
  • Jan 3, 2013 8:04am Jan 3, 2013 8:04am
It is time for the pair to go down. Investors will again remember Euro zone troubles and come back to shorting the currency. Very important support was broken today and if it holds the path of least resistance is down.
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  • #741,117
  • Jan 3, 2013 8:05am Jan 3, 2013 8:05am
Quoting fxtyrant
its probably best not to trust forex by feeling... learn to read charts by Price Action buddy.... or if ur not confident on lower TF and PA, go to Higher TF and trade longer TF, Longer time frame are often charts the give you better picture of whats going on... but patience to trade higher tf is required....

im not up for the whole Up move today but maybe tomorrow the NFP might mess things up agian...
Agreed . Don't hope & feeling on forex, just trust the PA...
Dangdut is a music of my country
  • #741,118
  • Jan 3, 2013 8:05am Jan 3, 2013 8:05am
Quoting fxnav
They won't do it voluntarily, but they may get forced to by either inflation, a shrinking economy, or even one of the 3 losing their rating, that would scupper the whole ESM/EFSF bailout structure and we would have to start all over.

Bring oil up to 100+ for a month or so and bye bye periphery. It is not upto just the 3, it is all up to the markets, what if the bond guys would widen that spread again, but this time on France and Italy, coupled with inflation hitting 3 and a few points of GDP, that would very quickly put an end to any bailout plan....
[/b]
Absolutely right but they could see the gravy waiting to be lapped up, too many people were willing to turn a blind eye to the ridiculous figures that they supplied and some of the major banks manipulated and, possibly even, falsified those figures to allow everyone to look the other way. It's what happens when you Empire Build, I suppose.
  • #741,119
  • Jan 3, 2013 8:05am Jan 3, 2013 8:05am
Quoting fxnav
They won't do it voluntarily, but they may get forced to by either inflation, a shrinking economy, or even one of the 3 losing their rating, that would scupper the whole ESM/EFSF bailout structure and we would have to start all over.

Bring oil up to 100+ for a month or so and bye bye periphery. It is not upto just the 3, it is all up to the markets, what if the bond guys would widen that spread again, but this time on France and Italy, coupled with inflation hitting 3 and a few points of GDP, that would very quickly put an end to any bailout plan....
Amen!
Said it like its from the bible... i cant put it any better than you did there....
oh and need t stress the importance of Media too... EURUSD rallied in november and december due to the lack of media coverage on Europe... the News guys decided to give Europe a break but once they come back.... Europe may just get hammered like whack-a-mole all over again....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #741,120
  • Jan 3, 2013 8:08am Jan 3, 2013 8:08am
Quoting fxtyrant
Amen!
Said it like its from the bible... i cant put it any better than you did there....
oh and need t stress the importance of Media too... EURUSD rallied in november and december due to the lack of media coverage on Europe... the News guys decided to give Europe a break but once they come back.... Europe may just get hammered like whack-a-mole all over again....
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