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  • #830,121
  • Aug 28, 2013 2:03pm Aug 28, 2013 2:03pm
Quoting Pharm0r
It only makes sense. Destroy more Syrians, their government, and their infrastructure in order to help them. It only costs what? 1-3 billion to wage war these days? What a joke man.
I would honestly vote for you if you were to campaign.
  • #830,122
  • Aug 28, 2013 2:06pm Aug 28, 2013 2:06pm
Quoting RussJ
{quote} What you mean your target is 20??? I'm in at 1.34 and also in again at 1.3370... stop for me is 1.3350, ideally I want it to stay range bound and the stochastic to come back around and finish the job being 1.3286 is todays target for me but on longer scale I think we will see 1.3115 before we see 135 but I am a day trade... I take a few trades per day and scale in and out etc... For example I've already took some profit off the 1.34 short at 1.3340 and longed it up to 1.3370 for a 30 pip scalp before adding to the short side at 1.33070 again...
3338 reached what you say now?
  • #830,123
  • Aug 28, 2013 2:10pm Aug 28, 2013 2:10pm
Quoting Mahfooz
{quote} 3338 reached what you say now?

No you misunderstand.... its consolidating now... but when it hits and if it hits 1.3286/90 I am expecting a retrace to 1.3329/39 - This I expect will happen in Asia unless I'm incorrect
  • #830,124
  • Aug 28, 2013 2:41pm Aug 28, 2013 2:41pm
The next 2 hours will confirm a downtrend or the continuation of a useless move so far
The fragrance remains in the hands of those that gves the rose
  • #830,125
  • Aug 28, 2013 4:28pm Aug 28, 2013 4:28pm
Quoting JeremyWS
{quote} structurally, one could easily argue that countries like Italy, Spain or Greece have much more structural problems than the EM world. They are getting hit by hot money flows at the moment but that is merely transitory and may push India's GDP down to 5% (note, that is still pretty high considering). so while 450bps isn't that high at the moment, for a country that has no growth and already crippling debt, its worse than indonesia with 850bps
In perspective, there is no doubt that India will overtake Italy in terms of GDP, but are we sure that the 1-2-3 QE has not created a speculative bubble on stock markets (already burst) and bond +emerging currencies (in burst phase)? As long as Italy will stay in the Euro zone, I cannot see big default problems and I think that BTPs are a preferable investment to volatile emerging currencies.
  • #830,126
  • Aug 28, 2013 4:36pm Aug 28, 2013 4:36pm
Quoting elisab
{quote} In perspective, there is no doubt that India will overtake Italy in terms of GDP, but are we sure that the 1-2-3 QE has not created a speculative bubble on stock markets (already burst) and bond +emerging currencies (in burst phase)? As long as Italy will stay in the Euro zone, I cannot see big default problems and I think that BTPs are a preferable investment to volatile emerging currencies.
There is no doubt there has been substantial inward flows in EM and the unwind at the moment is severe and volatile. And While I don't see Italian default likely while they are in the Eurozone, but they need an average 3% GDP growth for the next 20 years to bring their Debt-GDP ratio to around 90% ( still 30-50% too high).

Now for a Country that isn't growing, and is unlikely to see any for 2+ years, or reach their 2007 GDP highs for another 10+ years (real GDP is at 2001 levels I Believe!!!)

I don't see Italy a having a bright future which will be harder with ~130% Debt. So no I don't think BTPs > EM bonds. especially as one could hold to maturity and just incur MTM losses and not care and get 2/3x the yield.
  • #830,127
  • Aug 28, 2013 6:03pm Aug 28, 2013 6:03pm
How is it possible to become a member without any posts?
Getting creepier every day.
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  • #830,128
  • Aug 28, 2013 6:05pm Aug 28, 2013 6:05pm
Quoting Mr Hatch
How is it possible to become a member without any posts? Getting creepier every day. {image}
And he ignored you too......! You are famous now..............!
The More You Learn, The More You Earn.....
  • #830,129
  • Aug 28, 2013 6:10pm Aug 28, 2013 6:10pm
Quoting forexalien
{quote} And he ignored you too......! You are famous now..............!
He always does on every single account he created.
  • #830,130
  • Aug 28, 2013 6:16pm Aug 28, 2013 6:16pm
nothing really of note but 1 hour close aabove 1.334 slightly Euro positive would have liked to see it hold below to keep the bearish pressure but nothing really of note just still a rangey type of day
  • #830,131
  • Aug 28, 2013 7:47pm Aug 28, 2013 7:47pm
Quoting forexalien
{quote} And he ignored you too......! You are famous now..............!
someone started ignoring me, am i famous too
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  • #830,132
  • Aug 28, 2013 7:48pm Aug 28, 2013 7:48pm
Quoting RussJ
{quote} No you misunderstand.... its consolidating now... but when it hits and if it hits 1.3286/90 I am expecting a retrace to 1.3329/39 - This I expect will happen in Asia unless I'm incorrect

thanks thats a lot clear now
  • #830,133
  • Aug 28, 2013 7:55pm Aug 28, 2013 7:55pm
Quoting neocypher
{quote} just looking at my chart I can see on the daily that from February to beginning of august 1.32 has been support and from august to now 1.33 has held solid. Resistance at 1.3450 starting at 8.20.13.
We have been stuck at this range for a while.. some traders call it summer trading... 1.345 was not a significant resistance before and this is the first time it turned there... western technicals call it falling thru the roof... 1.341x was the prev known resistance so the big boys are stop hunting... thats why we are back to where we are now...

We are looking for a higher target... when I dunno.. why im not sure too but it certainly lacks the spring to go up that much in a burst atm.. not with septaper in the picture... 1.33 is a new area with that might become like 1.341x or just go even further with war uncertainty now...
it is highly likely that i'm wrong... so dont follow me!
  • #830,134
  • Aug 28, 2013 8:19pm Aug 28, 2013 8:19pm
the oil fear has the ea looking decent for a pullback... atm@ 1.4874.. yesterdays close almost a i hammer on the day at tested r,, and the 1.5 sike level
those who can, do. those who cant, talk about those who can
  • #830,135
  • Aug 28, 2013 8:23pm Aug 28, 2013 8:23pm
2 options today.. 2 different plans although despite oscillators not favouring me I still prefer the short plan which is what i'm playing for but shown the long in case as well. The short plan is what I was playing yesterday where I suggested a trend change and io follw that that today we see a lower low..... some people will see the pattern as a flag...
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  • #830,136
  • Aug 28, 2013 8:25pm Aug 28, 2013 8:25pm
Quoting Mahfooz
{quote} thanks thats a lot clear now

This is my plan for today but I've also posted a long plan in case but prefer the short option but will let price action dictate if I will take the plan as it will need to violate 1.3350 and I don't see that happening.. see the short plan but cannot rule out the long plan I posted earlier with the short plan
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  • #830,137
  • Aug 28, 2013 8:41pm Aug 28, 2013 8:41pm
good aussie news almost null reaction
Mohan
  • #830,138
  • Aug 28, 2013 8:45pm Aug 28, 2013 8:45pm
Quoting mohan76
good aussie news almost null reaction
traders learned the lesson and lettig down reaction on news one after another ... technical is on the leadership from now on...
Get Rich or Die Tryin
  • #830,139
  • Aug 28, 2013 8:51pm Aug 28, 2013 8:51pm
Quoting hoom
{quote} traders learned the lesson and lettig down reaction on news one after another ... technical is on the leadership from now on...

well more like sentiment , bull waiting for some one to wave white flag or white pigeon
Mohan
  • #830,140
  • Aug 28, 2013 8:55pm Aug 28, 2013 8:55pm
I'm beginning to despise trading E/U for now
but short just for a minute

nonetheless
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When the Joker is in the deck.. fear not and play it well
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