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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #69,861
  • Sep 18, 2013 2:59pm Sep 18, 2013 2:59pm
Quoting Likerty
Getting closer... {image}
Yep. Are you excited?
Those who say it cannot be done should not interrupt those who are doing it
  • #69,862
  • Sep 18, 2013 3:09pm Sep 18, 2013 3:09pm
Quoting PipTrapper
anyway Short E/U 1.3503 Target 1.3453 SL 1.3513 RR: 5:1 PO Buy 1.3453 1st Target 1.3515 2nd target open and trailed after 1st target reached SL 1.3443 RR: 5:1 EURUSDCALL
Short stopped out for -10

Re-entered short at 1.3513
Target 1.3453
SL 1.3523
RR 6:1

EURUSDCALL
Those who say it cannot be done should not interrupt those who are doing it
  • #69,863
  • Sep 18, 2013 3:13pm Sep 18, 2013 3:13pm
Okay I'm done here for tonight.
Have a good sleep everybody
I will be dreaming about passing Benny through a meat grinder.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,864
  • Sep 18, 2013 3:16pm Sep 18, 2013 3:16pm
Quoting theDHT
{quote} I booked about $75 over 2 trades shorting that sucker in the last two weeks Now time to short usd (not bragging! Lol)
Brag , I don't care..............LOL
The More You Learn, The More You Earn.....
  • #69,865
  • Sep 18, 2013 3:19pm Sep 18, 2013 3:19pm
Quoting PipTrapper
Okay I'm done here for tonight. Have a good sleep everybody I will be dreaming about passing Benny through a meat grinder.
Night dude

Live to fight another day!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,866
  • Sep 18, 2013 3:19pm Sep 18, 2013 3:19pm
Quoting forexalien
{quote} Brag , I don't care..............LOL
I told DHT that I lost 35% of this year's gains and he said I was bragging LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #69,867
  • Sep 18, 2013 3:20pm Sep 18, 2013 3:20pm
Quoting theDHT
{quote} Night dude Live to fight another day!
G'night buddy
Those who say it cannot be done should not interrupt those who are doing it
  • #69,868
  • Sep 18, 2013 3:20pm Sep 18, 2013 3:20pm
Quoting PipTrapper
{quote} I told DHT that I lost 35% of this year's gains and he said I was bragging LOL
Hahaha!

Screen shots of your account are still pending!

Lol
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,869
  • Sep 18, 2013 3:22pm Sep 18, 2013 3:22pm
Quoting theDHT
{quote} Hahaha! Screen shots of your account are still pending! Lol
This is what happened to my account

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #69,870
  • Sep 18, 2013 3:22pm Sep 18, 2013 3:22pm
Quoting PipTrapper
{quote} I told DHT that I lost 35% of this year's gains and he said I was bragging LOL
I read that earlier, sorry to hear that...............Been there, done that.

If you keep 75% open margin , you can ride them out, or pluck them from the bottom as the bad ones grow........
The More You Learn, The More You Earn.....
  • #69,871
  • Sep 18, 2013 3:28pm Sep 18, 2013 3:28pm
Quoting forexalien
{quote} no I did not , it can be too wild for me ..............

Understood.
Per aspera ad astra
  • #69,872
  • Sep 18, 2013 3:39pm Sep 18, 2013 3:39pm
Quoting PipTrapper
My shorts just got toasted. Not all of them but I cut back my exposure and lost half my gains from the early summer. I'm pissed off at Benny. What a liar and a chicken he is. Good bye Fed credibility.

yep..that's the sad truth...i didn't expect that kind of outcome. Last time he said tapering would start this year and more importantly the program would end by mid 2014. I wonder how true that is now. Talk about credibility.

My question is if we are going to keep getting jobs between 100-200 and the unemployment rate hoovering around 7-7.5% and growth between 2-3% when are they ever going to taper ? And by taper i mean tapering it down to 0 ? is it even possible ?

It seems there are other forces in play such as the fear of interest rate spikes should we see a tightening in any form however minuscule. Spikes to levels unmanagable by the government...


I wonder how pissed RBA's Stevens is right now...or any other CB'er for that matter

Best trades seem to be GBP and EUR short against AUD and NZD...Those commodity currencies shit their pants the past months fearing the worst.
  • #69,873
  • Sep 18, 2013 3:48pm Sep 18, 2013 3:48pm
Now realizing the meanings of Summer's dimission! :nerd:​
Per aspera ad astra
  • #69,874
  • Sep 18, 2013 3:54pm Sep 18, 2013 3:54pm
Okay I'm back.
Just went for a 2 mile power walk so I can sleep well and thought I would drop in to see what's happening.
Lumesh. Hang in there, I'm gonna respond to your remarks.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,875
  • Edited 4:27pm Sep 18, 2013 4:17pm | Edited 4:27pm
Quoting lumesh
{quote} yep..that's the sad truth...i didn't expect that kind of outcome. Last time he said tapering would start this year and more importantly the program would end by mid 2014. I wonder how true that is now. Talk about credibility. My question is if we are going to keep getting jobs between 100-200 and the unemployment rate hoovering around 7-7.5% and growth between 2-3% when are they ever going to taper ? And by taper i mean tapering it down to 0 ? is it even possible ? It seems there are other forces in play such as the fear of interest rate...
The answer is simple. I mentioned it last year during the "QE3 or No QE3" debate we were having and now it seems I may have been correct.
Back then I said if Benny comes out with QE3, he's going to ease the Fed into a corner he's not going to be able to exit from very easily. I also was adamantly saying that the US economy did not need any more QE. I was right about that too. All QE has done is give business and consumers a sense of insecurity. Without QE the 10 year rates would be hovering between 4 and 6% and the economy would be staging a slow but steady recovery without any bubbles.

The fact now is that Benny has lost credibility and as a result, his alter ego Janet Yellen will be useless for the job to replace him. The Fed now really badly needs a hawk to get them out of this mess. Herein lies the problem. Exiting would signal that the economy is going to be okay, but that would drive the 10 year benchmark up and limit the potential for growth that the fed is projecting. But the problem is not in whether or not to exit the purchase program, but rather whether or not to raise rates. Somehow the market has got it in it's thick head that pulling back on purchases means that the bond market will crash. It is a psychology issue. Therefore, we need a good hawk who the market can trust to start a taper and not stop. Yes the equity markets will take a dump and the 10 year benchmark will hit the roof, but so what? People and businesses are psychologically stuck in a phase of "The Fed thinks the economy is too weak so we better wait".

Therefore until we get rid of this QEInfinity crap, the economy will continue to grow too slowly to meet the Fed's projections, and if Benny tries to exit, the interest rates will prevent the Fed from reaching it's growth targets. Benny is stuck in a corner. Benny, I think it's time you resigned. You may as well tell the markets that WE will remain at 85 billion forever. That's your only hope to survive till your official resignation date.

Regarding unemployment and participation rate, get used to it. Fact is that there are three factors driving down the participation rate that even god cannot fix
1. Welcome to the internet revolution, where connectivity eliminates the requirement of new hires for a business to expand.
2. Welcome to the baby boomers retirement party. These people don't want to flip burgers at McDonalds after working 40 years in lucrative positions that no longer exist. They've given up and they're not coming back
3. Hi. I'm Mr. Job. I'm leaving on a jet plane to China. That's right, it's been happening for a long time and it's not going to stop.

Next Fed meeting is going to be a doozie. Get ready for loads of volatility as we approach late October. Nobody is trusting the Fed right now so there will be lots of panic to hedge and/or square off.

Thank you Benny. You've done it again. "Forward Guidance" my left nut.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,876
  • Sep 18, 2013 4:30pm Sep 18, 2013 4:30pm
Quoting PipTrapper
{quote} The answer is simple. That's right, it's been happening for a long time and it's not going to stop. Next Fed meeting is going to be a doozie. Get ready for loads of volatility as we approach late October. Nobody is trusting the Fed right now so there will be lots of panic to hedge and/or square off. Thank you Benny. You've done it again.
Remember when I told you that one point was BB didn't want to leave his Position with a Bubble bursting in his face, or something similar to a crash. They have created a Bubble and they do not know how to finish it. BB wants to leave his position with the S&P higher as never. So it's very easy to send the problem to the next Chairman.
I'm surprised too. I was waiting about one smaller Tapering, no this.
  • #69,877
  • Sep 18, 2013 4:45pm Sep 18, 2013 4:45pm
Quoting Ambar
{quote} Remember when I told you that one point was BB didn't want to leave his Position with a Bubble bursting in his face, or something similar to a crash. They have created a Bubble and they do not know how to finish it. BB wants to leave his position with the S&P higher as never. So it's very easy to send the problem to the next Chairman. I'm surprised too. I was waiting about one smaller Tapering, no this.
Yes you're right. This is ridiculous. The absolute worst case I was thinking of was 5 billion in tapering. At least that way the Fed would have kept some credibility. This way with no tapering, forward guidance means nothing anymore. I have decided now that we will probably not see any tapering until a new Fed president is appointed.
Good night Ambar.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,878
  • Sep 18, 2013 6:33pm Sep 18, 2013 6:33pm
Quoting PipTrapper
{quote} I told DHT that I lost 35% of this year's gains and he said I was bragging LOL
He might not know the difference between Loss and Gain yet............?
The More You Learn, The More You Earn.....
  • #69,879
  • Sep 18, 2013 6:41pm Sep 18, 2013 6:41pm
Quoting PipTrapper
{quote} The answer is simple. I mentioned it last year during the "QE3 or No QE3" debate we were having and now it seems I may have been correct. Back then I said if Benny comes out with QE3, he's going to ease the Fed into a corner he's not going to be able to exit from very easily. I also was adamantly saying that the US economy did not need any more QE. I was right about that too. All QE has done is give business and consumers a sense of insecurity. Without QE the 10 year rates would be hovering between 4 and 6% and the economy would be staging...
If you keep putting a bandaid on a cut that has healed, time and time again, you are going to get looked at funny...............
The More You Learn, The More You Earn.....
  • #69,880
  • Sep 18, 2013 6:50pm Sep 18, 2013 6:50pm
http://www.forexfactory.com/showthre...44#post6974044

EU strong long
The More You Learn, The More You Earn.....
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