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  • #781,601
  • Apr 3, 2013 5:47am Apr 3, 2013 5:47am
closed my earlier short, waiting for a long entry now.
  • #781,602
  • Apr 3, 2013 5:49am Apr 3, 2013 5:49am
Quoting 4exNinja
I simply don't agree with your assessment that leaving the money there is the better option. If your goal is to hid funds, and Cyprus is now not an option anymore, there are PLENTY of alternatives. People always only mention Switzerland, Cyprus and Liechtenstein...but there are tons of "safe" alternatives. Hell, ship it to Singapore Also, just leaving your money in Cyprus doesn't suddenly make it "legit"...so that's not really a benefit. As for EURUSD, I posted this yesterday...not going long until the 50% fib's clearly broken...especially...
Hi 4exNinja,

What is the look back period for your Fibonacci lines? Thanks

Take care
  • #781,603
  • Apr 3, 2013 5:50am Apr 3, 2013 5:50am
British taxpayers will have to pay 45 million euros as part of a deal struck by European leaders to rescue Cyprus - Telegraph
  • #781,604
  • Apr 3, 2013 5:50am Apr 3, 2013 5:50am
Quoting math_GB
Don't laugh

Closed my earlier shorts and doing monkey somersault going long using the pips from the short as stops.
  • #781,605
  • Apr 3, 2013 5:52am Apr 3, 2013 5:52am
Quoting 4exNinja
I simply don't agree with your assessment that leaving the money there is the better option. If your goal is to hid funds, and Cyprus is now not an option anymore, there are PLENTY of alternatives. People always only mention Switzerland, Cyprus and Liechtenstein...but there are tons of "safe" alternatives. Hell, ship it to Singapore Also, just leaving your money in Cyprus doesn't suddenly make it "legit"...so that's not really a benefit. As for EURUSD, I posted this yesterday...not going long until the 50% fib's clearly broken...especially...
Oh no there is plenty of reasons why and the benefits of a zero tax are huge under any measure.

Sure there is some tax evasion alternatives (not plenty anymore after the financial crisis) but don't forget the KEY issue, if you a in Cyprus, you clearing your money inside the EURO ZONE and therefore inside of the EU. That's why Cyprus was/is so attractive, unique and priceless ...once you are in you get the full monty after ....... in any case, we better not start discussing how and why to clean money or evade taxes in a public forum so no more details lol...

On the euro, just got one level 1.285x.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #781,606
  • Apr 3, 2013 5:53am Apr 3, 2013 5:53am
Quoting Ken A
Don't laugh Closed my earlier shorts and doing monkey somersault going long using the pips from the short as stops.
Long EJ...? Why - mental illness...?
  • #781,607
  • Apr 3, 2013 5:57am Apr 3, 2013 5:57am
Quoting sisse
"Cyprus simply can't have enough collateral to cover its Target2 liabilities" is not true under any technical measures. Is crumbs in the context and not even the worst bank crisis in the World (read Argentina or the Asian Crisis in the 90s) 100% of the money just vanishes from the system. Is simply not true . More importantly you MUST include a key factor in the Cyprus Bank equation: Foreign Capitals:
Hi Sisse,

thank you for your comment.

Regarding foreign capital: I believe you probably heard about those leaks out of Cypriot banks before they were closed. "Humanitarian missions" withrawals and stuff. Imo smart money already left and they have already left a hole, which will just get bigger once average Joe takes whats left. Mate, they got 60% haircut. Maybe that is fair tax for money laundering, but still, smart money was gone when this happened. They could go to Bermudy, Seychely, or Belize, or wherever they wish. They would first need to make a company there and bank account and so, but I believe world class mafians have many ways to hide their money.

Regarding Target2 and covering: I keep on hearing about it since first bailout in Greece. And although you made me a bit uncertain, I believe this is how European banking system works. Deposits aint in the banks, they are just insured by "collateral" within ECB. So imo already PIIGS CBs have withdrawn quite a few billions through ELA and owe it to the system. So Cyprus is like another hit to Target2 "assets" which will never be paid, should the worst happen (departure of PIIGS and/or Cyprus). Just tell me, where does the rest of 68Bn, should they withdraw it, come from? Overleveraged banks are bankrupt and State GDP is like 15Bn. It will come from ELA. Btw, I have never said they will loose 100%. Some of it is covered by collateral ofc. But that is long term issues here, that collateral in ECB is basically junk. Whole system is running on razor thin capital.

Regarding precedence it creates, well, thats a bit of a problem, especially thanks to Djisselbomb "template for future bailouts". But this is happening since 2008, it is nothing new. Sure, haircut of private investors in Greece was "voluntary", but cmon (btw, I know it is different Tier than deposits, but still, it was private money). More examples can be found through the world, especially when talking of government somehow forcing pension funds to invest in bonds.

T
"I know one thing, that I know nothing." Sokrates
  • #781,608
  • Apr 3, 2013 6:00am Apr 3, 2013 6:00am
Quoting math_GB
Long EJ...? Why - mental illness...?
Yeah forgot my medications after being threaten by Murky International Global Troll Authorities founded by his ancestors.

E/J, U/J and E/U looking for 10-20 pips not much.
  • #781,609
  • Apr 3, 2013 6:01am Apr 3, 2013 6:01am
Quoting Rockerzeus
Hi 4exNinja, What is the look back period for your Fibonacci lines? Thanks Take care
It's based on the daily TF and adapts every day. Need to look up how far back it goes. It's the JJN-Fibo indicator and has served me really well. The arrow stuff and circles are done in Skitch (part of Evernotes).
  • #781,610
  • Apr 3, 2013 6:05am Apr 3, 2013 6:05am
i'm up 110 pips on eu for the day. guess 15% is enough for one day. many thanks to everyone on this thread (although its tricky business filtering the wheat from the weeds)
  • #781,611
  • Apr 3, 2013 6:06am Apr 3, 2013 6:06am
Quoting sisse
Oh no there is plenty of reasons why and the benefits of a zero tax are huge under any measure. Sure there is some tax evasion alternatives (not plenty anymore after the financial crisis) but don't forget the KEY issue, if you a in Cyprus, you clearing your money inside the EURO ZONE and therefore inside of the EU. That's why Cyprus was/is so attractive, unique and priceless ...once you are in you get the full monty after ....... in any case, we better not start discussing how and why to clean money or evade taxes in a public forum so no more...
Like I said, I believe there are plenty of alternatives for zero tax. I also don't think your money's automatically cleared by having it in Cyprus...if it's dirty money you're always at risk even if it passes Cyprus' "dodgy" initial tests. Also, even if it's cleared, the same would happen if you move it to Singapore...or in my case an account with the Swiss postal service (they work a bit like a bank too).

Don't think you're at risk by talking about it though...I doubt the tax man is scanning the EURUSD thread on FF. Even if they are, I wish them luck going after "4exNinja"

As for the EUR...quite a bit of resistance right above 1.2850 now...so unless it breaks through strongly (which hasn't happened yet) I won't go long. Wouldn't be surprised to see 1.27xx before a potential up swing.
  • #781,612
  • Apr 3, 2013 6:06am Apr 3, 2013 6:06am
Quoting msetai
tough one
thats not tough this is freaking amazing, just trying to catch them is tough enough let alone solve them, pricks of things

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If you are new to Forex? Say Goodbye to your account!!
  • #781,613
  • Apr 3, 2013 6:07am Apr 3, 2013 6:07am
Quoting razoredge
i'm up 110 pips on eu for the day. guess 15% is enough for one day. many thanks to everyone on this thread (although its tricky business filtering the wheat from the weeds)
Don't worry about the tricky part when you make 15% per day
  • #781,614
  • Apr 3, 2013 6:10am Apr 3, 2013 6:10am
Quoting gatorinla
my close was good enough on the 4h, actual close needed was -2806.2. we got that
mine wasn't, the spike higher to 38 retraced to my mid at 2813... yours should be 2814, I guess? the current H4 has 2 hrs. left, but that pesky mid is stopping it.
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  • #781,615
  • Apr 3, 2013 6:13am Apr 3, 2013 6:13am
Quoting sisse
Sure there is some tax evasion alternatives (not plenty anymore after the financial crisis) but don't forget the KEY issue, if you a in Cyprus, you clearing your money inside the EURO ZONE and therefore inside of the EU. That's why Cyprus was/is so attractive, unique and priceless .
Mhm, ok that is point for not leaving, but still, 60%,.... if they get something.
"I know one thing, that I know nothing." Sokrates
  • #781,616
  • Apr 3, 2013 6:14am Apr 3, 2013 6:14am
Quoting Ken A
Why? Find it strange with what's going on with Yen?
on the yen matter, with BoJ coming up tomorrow, the bullish dollar, not being taken advantage of as I have expected, yes, uj's been weird.
but wasn't that. it is just weird without you here during tokyo plain weird
  • #781,617
  • Apr 3, 2013 6:15am Apr 3, 2013 6:15am
Quoting 4exNinja
It's based on the daily TF and adapts every day. Need to look up how far back it goes. It's the JJN-Fibo indicator and has served me really well. The arrow stuff and circles are done in Skitch (part of Evernotes).
Thanks 4exNinja

It looks like you use weekly period because 100 % Line at 1.2771

Take care
  • #781,618
  • Apr 3, 2013 6:15am Apr 3, 2013 6:15am
Quoting Ken A
Don't worry about the tricky part when you make 15% per day
i see ur avatar has a picture of you in shentzu sword dance. is ur sword style wa-do-kai?
  • #781,619
  • Apr 3, 2013 6:18am Apr 3, 2013 6:18am
Quoting Mr Hatch
... the current H4 has 2 hrs. left, but that pesky mid is stopping it. {image}
I would love to see your H4 there, mr.hatch. and your take on it.
  • #781,620
  • Apr 3, 2013 6:18am Apr 3, 2013 6:18am
Quoting Rockerzeus
Thanks 4exNinja It looks like you use weekly period because 100 % Line at 1.2771 Take care
Ups...you're right...sorry, kinda hard to check on a smartphone

On that note, looks like price is hovering right above the 61.8 retracement level at 1.2811. I need price above 1.2825 to go long, and below the 61.8 level to go short. Until it makes up its mind I'm sitting on my hands to prevent them from clicking buttons.
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