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  • #10,241
  • Feb 28, 2013 7:25am Feb 28, 2013 7:25am
Quoting vamtop
I'm sorry but I was out for some commision, the situation actually is quite out of controls, as per my previous message, Movimento 5 stelle, that has gained a big share, will not support the Democratic party in the Second Chamber, in this way there isn't a majority to govern. A solution could be an agreement between PD, Democratics, with Mr Berlusconi, but it could run for a short term, more or less, for a year, just to allow the new Parlament to do a new system for the election, and after, we will be back again to elect the Parlament. It's a great...
I see....so if there is no agreement between PD, Democratics, with Mr Berlusconi, when would another election happen?....or is there plan for such an outcome?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,242
  • Feb 28, 2013 7:30am Feb 28, 2013 7:30am
Italian situation after 2013 elections.

After the recent elections the situation is more complex than expected because today in the Parliament there are 4 parties which represent 90% of population and they don't/can't find an agreement to form a Goverment with a majority .... this could mean UNGOVERNABILITY.

Obiously this could be a good scenario for eurozone and speculation could play an important role.

In this link you can find som more info : http://www.forex-tribe.com/forum/vie...815&action=new


I don't in depth about the details but one of the most likely scenario could be a "a broad-based government" with the purpose to solve some umportant issues. The real issue is the "puppies" we have in the Parliament.

It is like Trading : Everything can happen !

ciao

wiz
You control how you trade; the market controls how and when you'll get paid
  • #10,243
  • Feb 28, 2013 7:31am Feb 28, 2013 7:31am
US GDP 0.1% Vs Exp 0.5% !!!!!!!!!!!!!!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,244
  • Feb 28, 2013 7:33am Feb 28, 2013 7:33am
Quoting realjumper
I see....so if there is no agreement between PD, Democratics, with Mr Berlusconi, when would another election happen?....or is there plan for such an outcome?
New elections would be the WORST possible scenario ... honestly I don't think, but once again : everything can happen!

It is better not to have bias.
You control how you trade; the market controls how and when you'll get paid
  • #10,245
  • Feb 28, 2013 7:33am Feb 28, 2013 7:33am
Now a positive spin trying to be put on poor numbers

What are they like !!
I am a fallible imperfect person; so I must be a fallible imperfect trader.
  • #10,246
  • Feb 28, 2013 7:34am Feb 28, 2013 7:34am
Quoting wiz3003
Italian situation after 2013 elections.

After the recent elections the situation is more complex than expected because today in the Parliament there are 4 parties which represent 90% of population and they don't/can't find an agreement to form a Goverment with a majority .... this could mean UNGOVERNABILITY.

Obiously this could be a good scenario for eurozone and speculation could play an important role.

In this link you can find som more info : http://www.forex-tribe.com/forum/vie...815&action=new


I don't in depth...
Ahh I understand....thank you. So in essence the "a broad-based government" might give it their best shot, but if there is disagreement over a major issue (like austerity) and an agreement is impossible, then there will have to be an new election. Is that right?
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,247
  • Feb 28, 2013 7:36am Feb 28, 2013 7:36am
Quoting realjumper
Ahh I understand....thank you. So in essence the "a broad-based government" might give it their best shot, but if there is disagreement over a major issue (like austerity) and an agreement is impossible, then there will have to be an new election. Is that right?
Perfect! Next time I am going to vote for RJ :-)
You control how you trade; the market controls how and when you'll get paid
  • #10,248
  • Feb 28, 2013 7:42am Feb 28, 2013 7:42am
Quoting wiz3003
Perfect! Next time I am going to vote for RJ :-)
LOL......a tricky situation for sure. With our election system we too always end up with a coalition, and it has only failed once as far as I know, and that resulted in a new election. But I know that the parties in your country are quite opposit in many areas and I don't see them lasting together too long.

In a way, I'm happy that this has happened because it sends a message from the people on the street, to the bureaucrats that are living on a different planet, that their draconian policies are unacceptable. Greece tried to send the same message but they were not strong enough.

I'd better go and polish my Ducati tomorrow!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,249
  • Edited 7:56am Feb 28, 2013 7:45am | Edited 7:56am
Well, I'm short on GU tp @ DP, SL around 1.5222~ it's protected by a psycho resistance, DR1.. now let's see how I handle myself throughout this trade hard part starts here

*edit* : patience paying off so far, SL at b/e free trade now...
Attached Image (click to enlarge)
Click to Enlarge Name: short gu.jpg Size: 100 KB
  • #10,250
  • Feb 28, 2013 7:46am Feb 28, 2013 7:46am
Quoting realjumper
I see....so if there is no agreement between PD, Democratics, with Mr Berlusconi, when would another election happen?....or is there plan for such an outcome?
Actually Italian President has to speak with the leaders of the parties, if there would not be the possibility of agreement, it's possible the new govern will be technical, and assigned to an external, as happened last year with Monti. Giuliano Amato is one of the name, anyway a temporary solution will be found but it is quite impossible that we will be back soon to the election before a new law regarding the election. Another, but quite far from reality, is a coming back of Mr Renzi at the leadership of the Democratic, this will open the door to Mr Berlusconi that has ideas quite similar to him, and in this way a long and stable govern could be possible, but this is just a dream.
  • #10,251
  • Feb 28, 2013 7:51am Feb 28, 2013 7:51am
Quoting vamtop
Actually Italian President has to speak with the leaders of the parties, if there would not be the possibility of agreement, it's possible the new govern will be technical, and assigned to an external, as happened last year with Monti. Giuliano Amato is one of the name, anyway a temporary solution will be found but it is quite impossible that we will be back soon to the election before a new law regarding the election. Another, but quite far from reality, is a coming back of Mr Renzi at the leadership of the Democratic, this will open the door to...
Yeah...a dream for sure. As much as I like Mr Berlusconi for his...ummm....charisma, I don't trust him!!
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,252
  • Feb 28, 2013 7:54am Feb 28, 2013 7:54am
Quoting WDays
Well, I'm short on GU tp @ DP, SL around 1.5222~ it's protected by a psycho resistance, DR1.. now let's see how I handle myself throughout this trade hard part starts here
Ok...your trade is looking good. I will leave it in your capable hands and go to dreamland.

See you tomorrow
Doing what you like is Freedom. Liking what you do is Happiness.
  • #10,253
  • Feb 28, 2013 8:00am Feb 28, 2013 8:00am
Quoting realjumper
Yeah...a dream for sure. As much as I like Mr Berlusconifor his...ummm....charisma, I don't trust him!!
I don't trust him too. But he represent a 29% of the electors and we must respect their ideas. Anyway I think that Renzi is the man of the future and till the moment the Democratic will not support him as a leader, this country will not be in the condition to find its way. Monti has done a lot, but he has missed to reduce benefits to the politicians and put a lot of pressure upon the lower classes, this is why he become unpopular and lost the election
  • #10,254
  • Edited 9:00am Feb 28, 2013 8:11am | Edited 9:00am
Quoting realjumper
Ok...your trade is looking good. I will leave it in your capable hands and go to dreamland.

See you tomorrow
Thanks a lot. It's not everyday you get to learn so much from somebody on the internet

Good night.

*edit* : exited position

*edit2* : lolz it actually ended up making a lower high
Attached Image (click to enlarge)
Click to Enlarge Name: exit.jpg Size: 539 KB
  • #10,255
  • Feb 28, 2013 9:17am Feb 28, 2013 9:17am
Quoting realjumper
Good for you Jo. It's good to experiment with different TF's to find what suits you. Good on you for taking the initiative
Thanks RJ. You are the inspiration
mind over matter
  • #10,256
  • Feb 28, 2013 9:19am Feb 28, 2013 9:19am
Quoting WDays
Thanks a lot. It's not everyday you get to learn so much from somebody on the internet

Good night.

*edit* : exited position

*edit2* : lolz it actually ended up making a lower high
GU might want to attack R1 again. It's been in an uptrend from FO yesterday, and still making higher highs.
mind over matter
  • #10,257
  • Feb 28, 2013 9:28am Feb 28, 2013 9:28am
Quoting kosmo
GU might want to attack R1 again. It's been in an uptrend from FO yesterday, and still making higher highs.
Yep I exited because it didn't seem to break this here line...
Attached Image (click to enlarge)
Click to Enlarge Name: guuu.jpg Size: 312 KB
  • #10,258
  • Feb 28, 2013 9:39am Feb 28, 2013 9:39am
Quoting WDays
Thanks a lot. It's not everyday you get to learn so much from somebody on the internet
He's quite a guy isn't he, our RJ.

You did well on your trade. Today has not been a very good day so far.
.... laughing all the way to the bank
  • #10,259
  • Feb 28, 2013 9:41am Feb 28, 2013 9:41am
Quoting WDays
Yep I exited because it didn't seem to break this here line...
What is your line that PA should have broken? A Pivot?
.... laughing all the way to the bank
  • #10,260
  • Feb 28, 2013 9:48am Feb 28, 2013 9:48am
Quoting itsallover
What is your line that PA should have broken? A Pivot?
Umm no i was targetting the DP but when I was looking at the h1 chart I noticed price was struggling at this point, which happened to be where priced had closed before the gap earlier this week. So I drew the horizontal line over there.

While typing this I can see my target almost being touched exited prematurely once again, going to put an automated trailing stop and sit on my hands next time...
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