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EurAnalysis Kindergarten 24 replies

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  • #69,481
  • Sep 9, 2013 7:32am Sep 9, 2013 7:32am
Quoting venzen
does anyone understand the meaning of this newsflash? Japan Post Chief Nishimuro Says Allocation To Japanese Bond Market 'Too Big To Move' From @cigolo http://www.forexfactory.com/resources/images/icons/newsstory-quote.png BREAKING

He may be referring to the fact that Japanese pension fund (JPIF) have a govt mandated minimum allocation to JGB's (i think its 60%) and they cannot invest that money offshore even if they wanted to

I think abe/kuroda reduced it from 70%, but its still a huge amount of money invested in near 0% yielding assets
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,482
  • Sep 9, 2013 7:49am Sep 9, 2013 7:49am
Quoting theDHT
{quote} He may be referring to the fact that Japanese pension fund (JPIF) have a govt mandated minimum allocation to JGB's (i think its 60%) and they cannot invest that money offshore even if they wanted to I think abe/kuroda reduced it from 70%, but its still a huge amount of money invested in near 0% yielding assets

thanks, so basically its a deadweight investment earning nothing... and they see no solution... and this is bad for JGBs ... so the ass-twitching index notches up one?
cryptocurrency everytime
  • #69,483
  • Sep 9, 2013 7:52am Sep 9, 2013 7:52am
Quoting venzen
{quote} thanks, so basically its a deadweight investment earning nothing... and they see no solution... and this is bad for JGBs ... so the ass-twitching index notches up one?

i understand that they started doing this a couple of decades back in an effort to counter the deflationary cycle that japan has been experiencing... try to keep the money within the country and spur growth (inflation)...
we all know how that worked out for them...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,484
  • Sep 9, 2013 7:55am Sep 9, 2013 7:55am
Quoting venzen
{quote} thanks, so basically its a deadweight investment earning nothing... and they see no solution... and this is bad for JGBs ... so the ass-twitching index notches up one?
Not only is it a dead investment, but it offers negative return after you factor in the inflation. However, since Japan's inflation is quite low, the losses are not that much, but still they are losses.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,485
  • Sep 9, 2013 7:57am Sep 9, 2013 7:57am
Quoting Islander
I monitor the intra day action via two profile pages - one for the 15m and the other this one - the 5 min. The ribbon is the 34 EMA, the next MA is the 15m 34 ema and the slowest is the 15m 89 ema. In € I'm witing for the support at Friday's high to break before I sell.....or I'll look higher for a signal. UJ is currently flat and ranging, so I will not trade EJ until both € and UJ have turned south - better IMO to stay with a pair until both parts of the cross move in the same direction....remember, I'm an Intra-Day trader, looking to bank regular...
a good place to bank your long cable is anywhere between here and 5715
I have a pending short at 5710
No SL
Target 1.48
Those who say it cannot be done should not interrupt those who are doing it
  • #69,486
  • Edited 8:16am Sep 9, 2013 7:58am | Edited 8:16am
Quoting magicgate
{quote} Hi PT, Summer time is good for Greece (turism business), but the question is what should they do the other time (mostly with unemployment issue) I was in Greece a week ago and heard a lot from locals, but they did not make me feel that the situation inside is bad
Thanks for the update Magic. Much appreciated.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,487
  • Sep 9, 2013 8:19am Sep 9, 2013 8:19am
Quoting PipTrapper
{quote} a good place to bank your long cable is anywhere between here and 5715 I have a pending short at 5710 No SL Target 1.48
I was happy to bank some more pips on this flat day. I'm now waiting to see if the NYSE Open injects any life.....
Trading Levels with WRBs
  • #69,488
  • Sep 9, 2013 8:32am Sep 9, 2013 8:32am
Quoting magicgate
{quote} Hi PT, Summer time is good for Greece (turism business), but the question is what should they do the other time (mostly with unemployment issue) I was in Greece a week ago and heard a lot from locals, but they did not make me feel that the situation inside is bad
WTF??? I presume You visited the islands..hahahahahahahaha..Crete perhaps??? hahahahahhahahaaa
  • #69,489
  • Sep 9, 2013 8:46am Sep 9, 2013 8:46am
Quoting fikaky
{quote} WTF??? I presume You visited the islands..hahahahahahahaha..Crete perhaps??? hahahahahhahahaaa
Hi Fikaky,

Can you please be more specific with your post?
Are you suggesting that Magic visited the only p[art of Greece that is doing "ok"?
...and that the rest of Greece is in a deep depression?

Have you been to Greece lately? If so, what's your take?
Those who say it cannot be done should not interrupt those who are doing it
  • #69,490
  • Sep 9, 2013 8:49am Sep 9, 2013 8:49am
Quoting PipTrapper
{quote} Hi Fikaky, Can you please be more specific with your post? Are you suggesting that Magic visited the only p[art of Greece that is doing "ok"? ...and that the rest of Greece is in a deep depression? Have you been to Greece lately? If so, what's your take?

been in greece <> been in greek

just sayin'... island vacations and all...



lol
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,491
  • Sep 9, 2013 8:50am Sep 9, 2013 8:50am
Quoting PipTrapper
{quote} {image}
You might have this one correct............

I think he is From the far east, china, japan, oriental in nature..........
The More You Learn, The More You Earn.....
  • #69,492
  • Sep 9, 2013 8:51am Sep 9, 2013 8:51am
Quoting theDHT
Cable Daily {image}
it is looking pretty strong all time frames.................
The More You Learn, The More You Earn.....
  • #69,493
  • Sep 9, 2013 8:51am Sep 9, 2013 8:51am
Quoting forexalien
{quote} You might have this one correct............ I think he is From the far east, china, japan, oriental in nature..........
Yes I picked up on that. That's why I thought the pic was appropriate
Those who say it cannot be done should not interrupt those who are doing it
  • #69,494
  • Sep 9, 2013 8:52am Sep 9, 2013 8:52am
Quoting forexalien
{quote} it is looking pretty strong all time frames.................
yea, i agree

got back in on a long a few hours ago...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,495
  • Sep 9, 2013 8:53am Sep 9, 2013 8:53am
Quoting theDHT
{quote} been in greece <> been in greek just sayin'... island vacations and all... lol
Pavlo with his mistress
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #69,496
  • Sep 9, 2013 8:54am Sep 9, 2013 8:54am
Quoting theDHT
{quote} yea, i agree got back in on a long a few hours ago...
What's your upside target?
Those who say it cannot be done should not interrupt those who are doing it
  • #69,497
  • Sep 9, 2013 8:59am Sep 9, 2013 8:59am
Quoting PipTrapper
{quote} What's your upside target?

15918-15951 on the safe side based on H4 (depends on qualified break, which has not happened yet)

if she rips, the 161.8% fib ext is @ 1616

note that there is a sequential buy trigger on daily (in addition to several fib confluences), so the long range target might come into play...

chart is here: http://www.forexfactory.com/showthre...14#post6950914
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,498
  • Sep 9, 2013 9:05am Sep 9, 2013 9:05am
Quoting theDHT
{quote} 15918-15951 on the safe side based on H4 (depends on qualified break, which has not happened yet) if she rips, the 161.8% fib ext is @ 1616 note that there is a sequential buy trigger on daily, so the long range target might come into play... chart is here: http://www.forexfactory.com/showthre...14#post6950914
Aha!! Thanks.
From a macroeconomic perspective, I'm not banking on it, but you do have a valid technical argument. For this to work, I think you will need a fundy event as a catalyst. Hmmm I wonder what that would be? Perhaps no Syrian strike?

I am still sticking to my short bias for now. I have a PO at 5710
Those who say it cannot be done should not interrupt those who are doing it
  • #69,499
  • Sep 9, 2013 9:07am Sep 9, 2013 9:07am
Quoting PipTrapper
{quote} Aha!! Thanks. From a macroeconomic perspective, I'm not banking on it, but you do have a valid technical argument. For this to work, I think you will need a fundy event as a catalyst. Hmmm I wonder what that would be? Perhaps no Syrian strike?

agreed...

my view is that syrian strike wont get thru US congress on the first pass (but it will eventually)...
but im trailing this one pretty tight just in case she gets moody like last week...

add:
Brent seems to know this already
H4
Attached Image
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,500
  • Sep 9, 2013 9:12am Sep 9, 2013 9:12am
Quoting theDHT
{quote} agreed... my view is that syrian strike wont get thru US congress on the first pass (but it will eventually)... but im trailing this one pretty tight just in case she gets moody like last week... add: Brent seems to know this already H4 {image}
Hmm Not sure about the brent part. That looks more like it is bull-flagging.
Those who say it cannot be done should not interrupt those who are doing it
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