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  • #742,581
  • Jan 7, 2013 7:19pm Jan 7, 2013 7:19pm
Quoting gatorinla
r u sure?

http://www.youtube.com/watch?v=4kU0XCVey_U
No I'm not.

But rifle I'd borrow.
Not all sins are created equal
  • #742,582
  • Jan 7, 2013 7:53pm Jan 7, 2013 7:53pm
Quoting Ken A
He can't until 2013 fiscal budget decided end of January.
Isn't next week 12/13 I thought that is what I read
It works till it doesn't
  • #742,583
  • Jan 7, 2013 8:20pm Jan 7, 2013 8:20pm
Quoting DaEdge
Isn't next week 12/13 I thought that is what I read
ESM is in addition to EFSF bond buying. EFSF will be phased out in June 2013 so not sure the amount for ESM.
  • #742,584
  • Jan 7, 2013 8:24pm Jan 7, 2013 8:24pm
well the ECB's balance sheet is about to grow by 30 bln soon http://www.zerohedge.com/news/2013-0...omes-bailout-4

so unless abe and aso plan on buying more than 30 bln worth of junk bonds i mean ESM, then this should have a little drag on the euro going forward.
  • #742,585
  • Jan 7, 2013 9:15pm Jan 7, 2013 9:15pm
By golly, they're not gonna waste any time. They're going to do it today. LOL! And that's good for another spike --


*DJ Japan MOF Official: Japan to Buy ESM Bonds as Early as Today

(MORE TO FOLLOW) Dow Jones Newswires

January 07, 2013 21:44 ET (02:44 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.



As much as I like what this is doing for my trading account, I can't help but shake my head in bewiderment. This is going to end so badly...
  • #742,586
  • Jan 7, 2013 9:25pm Jan 7, 2013 9:25pm
no amount of bond buying, money printing will boost the economy in the EZ. only real growth will, which will never come. only artificial growth can occur which is induced by money printing or other bond buying. why? so much debt and structural issues.
  • #742,587
  • Jan 7, 2013 9:41pm Jan 7, 2013 9:41pm
Quoting shaukat113
keep it simple! I go short@ 1.3125-35 [email protected]. tp 1.2830-40. 1st entry.
so my level is arived, altohugh one entry was stop out @1.3043(-10pip) againg short @ 1.3130, target 1.2828
just live a life, don't be hard.
  • #742,588
  • Jan 7, 2013 9:48pm Jan 7, 2013 9:48pm
Halba hi,

I think EU including all neighboring nations can come the strongest economy in the world soon before US and Chinese. This will be a result of different nations working, thinking together and becoming united after World War 2 and falling of the Berlin Wall.

Regards.
  • #742,589
  • Jan 7, 2013 9:56pm Jan 7, 2013 9:56pm
Morning All...!!!
  • #742,590
  • Jan 7, 2013 10:01pm Jan 7, 2013 10:01pm
Quoting shaukat113
so my level is arived, altohugh one entry was stop out @1.3043(-10pip) againg short @ 1.3130, target 1.2828
So SL still @1.3147?
  • #742,591
  • Jan 7, 2013 10:03pm Jan 7, 2013 10:03pm
Quoting math_GB
Morning All...!!!
good morning coffee's over there

Im clocking out for the night. hopefully the euro will be back in the mid to low 130's by morning
  • #742,592
  • Jan 7, 2013 10:04pm Jan 7, 2013 10:04pm
Quoting spartanforex
good morning coffee's over there

Im clocking out for the night. hopefully the euro will be back in the mid to low 130's by morning
Beggars can't be chosers mate Will be a sweet day, a few unemployment numbers ahead, Japan buying ESM... Sweet sweet....
  • #742,593
  • Jan 7, 2013 10:04pm Jan 7, 2013 10:04pm
Quoting math_GB
So SL still @1.3147?
for me it can be above 1.3160.
just live a life, don't be hard.
  • #742,594
  • Jan 7, 2013 10:06pm Jan 7, 2013 10:06pm
Quoting shaukat113
for me it can be above 1.3160.
Just reminding you the daily r1 is @1.3151, your SL is an easy target considering your TP.What makes you sure, we will be seeing 1.2800s before 1.3147...Hey good luck nevertheless...!
  • #742,595
  • Jan 7, 2013 10:12pm Jan 7, 2013 10:12pm
Quoting math_GB
Just reminding you the daily r1 is @1.3151, your SL is an easy target considering your TP.What makes you sure, we will be seeing 1.2800s before 1.3147...Hey good luck nevertheless...!
yes that's why I load 1 entry, and hold till 1.31628.
just live a life, don't be hard.
  • #742,596
  • Jan 7, 2013 10:14pm Jan 7, 2013 10:14pm
Quoting math_GB
Morning All...!!!

Morning bro,

Ive got pending short around 1.3150/60. You see us getting more leg up to that level or are you a bear from here?
  • #742,597
  • Jan 7, 2013 10:16pm Jan 7, 2013 10:16pm
keep it simple.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 14 KB
just live a life, don't be hard.
  • #742,598
  • Jan 7, 2013 10:18pm Jan 7, 2013 10:18pm
Quoting math_GB
Just reminding you the daily r1 is @1.3151, your SL is an easy target considering your TP.What makes you sure, we will be seeing 1.2800s before 1.3147...Hey good luck nevertheless...!
hey Math B.... has really good point.

in forecasting random variables the best forecasting model to use is the "naive" model, what that entails is that we expect the same as the last period. (this is the basic model to use).

three days ago we had a decisive move from the 1.32 levels, however there was no follow through in fact 1.30 was an area of support, it is fair to say that all things being equal, same trajectory same volatility, it is fair to expect .39% standard deviation form last period's closing price, and following the same momentum
it is fair to expect the euro to close within 1.3190 and 1.3090.

as Math B pointed out a stop loss at 1.3147 is well within normal volatility oscillation, unless there is a reversal from current impulse 1.28 is not on the table at this moment.

you are expecting a reversal and an unreasonably high thrust downward, that is -2.5% away from current levels, and the euro long run sigma is .65%
AVT INVENIAM VIAM AVT FACIAM
  • #742,599
  • Jan 7, 2013 10:23pm Jan 7, 2013 10:23pm
Quoting Freshpips
Morning bro,

Ive got pending short around 1.3150/60. You see us getting more leg up to that level or are you a bear from here?
Morning mate...! I am slightly inclined on the bull side but will not buy here. I think there can be a better entry with all the figures we will see in a few hours. I went in long yesterday @1.3020 and 1.3017 but went out with 55 pips before 1.3100s, the PA was a pisser like it normally is

My weekly view is also a little bullish, I am watching a possible reversal sign on the weekly but it is too inmature now to say, if we do however take 1,3280s again, this shite will be heading for much higher, can be this week or next.

If I were to short it, I would definitely short it at your levels 1.3150-1.3160 with a 30 pip stop loss and target below 1.3000s but I am not playing the bear side yet. Good luck mate....
  • #742,600
  • Jan 7, 2013 10:26pm Jan 7, 2013 10:26pm
to add to my last post...if you are trying to position yourself for a swing trade and you think that more likely than not the euro will correct to range towards 1.28, a good price to short first position would be in the 1.32's from the area of rejection (possibly even the 1.33)

if you miss some pips as it breaks below 1.30 is better than losing some pips as it goes against your position. always think " what is the best price to be wrong?"
AVT INVENIAM VIAM AVT FACIAM
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