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EurAnalysis Kindergarten 24 replies

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  • #70,301
  • Edited 7:08pm Oct 6, 2013 6:56pm | Edited 7:08pm
Quoting TraderPablo
{quote} i dont kno hw one would trade for smaller amounts...and goodies...gold shavings? ps if u kno of a lonely Chinese housewife with Yuan to splash...let me kno will U .......on second thoughts..I may be in for a domestic match....



China and Chinese ladies are a world unto themselves - i'm wary of Chinese women - the way they get angry is scary!

I've run the scenarios through my head: people recommend buying gold because they fear Systemic and/or Fiat collapse: but when in the past 3000 years did people not use currency on "good faith". When Rome collapsed, people just slowly started using other currencies. OK, so paper money isn't worth anything they say; but in a situation where no-one wants a USD note, they're not going to take a Gold coin either - it may be counterfeit (including the paper "certificate"). It's like: "I tell you what: you can have this bag of beans in exchange for your woman. Deal or no deal?"

It's all about perceived value and Gold is the ultimate "aspirational" asset. It has value amongst the wealthy, but on the street and in a village market, no-one values that which they cannot be certain is 1) real and 2) quickly and easily tradeable.
cryptocurrency everytime
  • #70,302
  • Oct 6, 2013 7:05pm Oct 6, 2013 7:05pm
Quoting Vtmn
{quote} we share the same addiction

hi Vtmn,

so we do. I like the daily PA of Gold. It was the first instrument I ever traded, so by sheer screen-time I've become accustomed to it's idiosyncracies. Besides, in the current macro environment most news events cause some reaction in the Gold price which can be scalped for good profit without too much risk. The thing I am wary of is that when a stock market collapse begins, Gold is prone to the downside, since it is the first asset investors sell when they need emegency funds to make up other shortfalls such as margin accounts or mafia loan accounts!
cryptocurrency everytime
  • #70,303
  • Oct 6, 2013 7:21pm Oct 6, 2013 7:21pm
I'm following CurrencyMan's advice to follow the money flow at http://www.finviz.com/futures.ashx

so far, today, the money is flowing out of equities and coffee into orange juice and cocoa... am i interpreting this correctly? The world is going to hell and the money flows into Orange Juice and chocolates?
cryptocurrency everytime
  • #70,304
  • Oct 6, 2013 7:26pm Oct 6, 2013 7:26pm
Quoting venzen
{quote} China and Chinese ladies are a world unto themselves - i'm wary of Chinese women - the way they get angry is scary! I've run the scenarios through my head: people recommend buying gold because they fear Systemic and/or Fiat collapse: but when in the past 3000 years did people not use currency on "good faith". When Rome collapsed, people just slowly started using other currencies. OK, so paper money isn't worth anything they say; but in a situation where no-one wants a USD note, they're not going to take a Gold coin either - it may...
I wonder why??? the way they get angry is scary! I've cn it myself...food for service...yep that works....have no farm though...
  • #70,305
  • Oct 6, 2013 7:28pm Oct 6, 2013 7:28pm
Quoting venzen
I'm following CurrencyMan's advice to follow the money flow at http://www.finviz.com/futures.ashx so far, today, the money is flowing out of equities and coffee into orange juice and cocoa... am i interpreting this correctly? The world is going to hell and the money flows into Orange Juice and chocolates?
hw abt some rice-wine...
  • #70,306
  • Oct 6, 2013 7:48pm Oct 6, 2013 7:48pm
Quoting TraderPablo
{quote} I wonder why??? the way they get angry is scary! I've cn it myself...food for service...yep that works....have no farm though...



about the farm... sitting on a farm is a very vulnerable position - e.g. Zimbabwe - when the status quo breaks down people from surrounding areas come take the farm for themselves. I read on ZH how some of the patriots have M16s and an assortment of guns with 10,000 cartridges, but the thing about cartridges is they eventually run out...

Anyway, I don't mean to delve too deep into this unpleasant what-if; I don't think it will come to pass. A gradual disjointed economic collapse will lay the foundation for a new different era, right? A Chinese era, no doubt, but new all right.
cryptocurrency everytime
  • #70,307
  • Oct 6, 2013 7:51pm Oct 6, 2013 7:51pm
Quoting TraderPablo
{quote} hw abt some rice-wine...

exactly. or bean-whiskey.
cryptocurrency everytime
  • #70,308
  • Oct 6, 2013 7:58pm Oct 6, 2013 7:58pm
Quoting venzen
{quote} exactly. or bean-whiskey.
beam or bean?
  • #70,309
  • Oct 6, 2013 8:12pm Oct 6, 2013 8:12pm
Quoting venzen
{quote} about the farm... sitting on a farm is a very vulnerable position - e.g. Zimbabwe - when the status quo breaks down people from surrounding areas come take the farm for themselves. I read on ZH how some of the patriots have M16s and an assortment of guns with 10,000 cartridges, but the thing about cartridges is they eventually run out... Anyway, I don't mean to delve too deep into this unpleasant what-if; I don't think it will come to pass. A gradual disjointed economic collapse will lay the foundation for a new different era, right?...
u live in Thailand?
  • #70,310
  • Oct 6, 2013 8:56pm Oct 6, 2013 8:56pm
Quoting TraderPablo
{quote} u live in Thailand?

i do, TP. i looked at every country I might like to live in and chose Thailand: Land of Smiles. Good people, Benevolent monarchy, everyone has a job, house, their own land and basic necessities are affordable. In fact, monsoon season provides free water for the rest of the year and the trees never seem to stop bearing fruit. Buddhism is the national religion, so everyday life is pleasant and the Ayurvedic massage is the best.

Have internet, can work from my jungle hut
cryptocurrency everytime
  • #70,311
  • Edited 11:14pm Oct 6, 2013 10:43pm | Edited 11:14pm
Quoting venzen
{quote} i do, TP. i looked at every country I might like to live in and chose Thailand: Land of Smiles. Good people, Benevolent monarchy, everyone has a job, house, their own land and basic necessities are affordable. In fact, monsoon season provides free water for the rest of the year and the trees never seem to stop bearing fruit. Buddhism is the national religion, so everyday life is pleasant and the Ayurvedic massage is the best. Have internet, can work from my jungle hut
Venz..I was in Bangkok only once on a stopover on the way to Australia many years ago....I rented a long tail boat which had a huge v-8 on it... just me and the "capt'n". The boat was rather small therefore very fast...so we hauled ass way up the river....we stopped at some temples on the way talked to the Monks ate and drank in a couple of places along the river..it was almost a one day affair...no tourists there anymore....we had a great time the capt'n n' me....what a nice guy he was..I told him I did not care where he went and hw long it took just take me inland upriver and show me sm places on up and out of the way ....great experience...Thai's in general seem to be very gentle people .....good thing the "red machine" did not make it in there...
  • #70,312
  • Oct 7, 2013 8:57am Oct 7, 2013 8:57am
Quoting venzen
I'm following CurrencyMan's advice to follow the money flow at http://www.finviz.com/futures.ashx so far, today, the money is flowing out of equities and coffee into orange juice and cocoa... am i interpreting this correctly? The world is going to hell and the money flows into Orange Juice and chocolates?
Thanks for your feedback and support. I will post more information during the day on Money Flow and how to use the information to make profits during the day. We need to pick up the slack while PipTrapper is on holiday.

We are 10 days away from Meltdown. Obama will now BLINK FIRST. The markets are not happy as we now have RISK OFF.

Watch the Yields on the 2 Year US Bonds and the 10 Year US Bonds as well. Watch the spread between the two. Watch the Price of Gold and watch USD JPY and see how it affects EUR JPY.

Get good entry and decide on a Trade Plan.

I am presently short 10 positions of EUR USD and I will use a FIRM STOP LOSS of 75 PIPS.

Watch after 10:00 AM with regard to daily option Expiry in the Currency Markets. Watch the Europe Equity Close at 11:30 AM EST and Short Covering on EUR USD.

Observe and use a Excellent Risk Management Strategy.

Have A Great Trading Day Everyone...
  • #70,313
  • Oct 7, 2013 7:24pm Oct 7, 2013 7:24pm
Hey I'm back from my short yet fun filled holiday.
I didn't have much luck with cellular reception due to the very rural nature of the places I was visiting, so unfortunately couldn't drop in to say Hi. Sorry 'bout that.
Anyway, I guess I have some catching up to do, although I see not much has changed on the US shutdown/debt ceiling issue. As I mentioned last week before I left, I figured we would get a sell off on Friday. However I am quite impressed that it was a very small one. I guess the market feels that this time will be resolved just like last time. We shall see about that.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,314
  • Oct 7, 2013 9:37pm Oct 7, 2013 9:37pm
Gidday Pip trapper

GBP/US made good move up

EUR/US thought we would have seen 137

not yet other wise same old shit different day:nerd:
  • #70,315
  • Oct 7, 2013 11:57pm Oct 7, 2013 11:57pm
Quoting PipTrapper
Hey I'm back from my short yet fun filled holiday. I didn't have much luck with cellular reception due to the very rural nature of the places I was visiting, so unfortunately couldn't drop in to say Hi. Sorry 'bout that. Anyway, I guess I have some catching up to do, although I see not much has changed on the US shutdown/debt ceiling issue. As I mentioned last week before I left, I figured we would get a sell off on Friday. However I am quite impressed that it was a very small one. I guess the market feels that this time will be resolved just like...

Welcome back my friend :-)

Hope you had a nice time.....
  • #70,316
  • Oct 8, 2013 2:40am Oct 8, 2013 2:40am
Quoting PipTrapper
Hey I'm back from my short yet fun filled holiday. I didn't have much luck with cellular reception due to the very rural nature of the places I was visiting, so unfortunately couldn't drop in to say Hi. Sorry 'bout that. Anyway, I guess I have some catching up to do, although I see not much has changed on the US shutdown/debt ceiling issue. As I mentioned last week before I left, I figured we would get a sell off on Friday. However I am quite impressed that it was a very small one. I guess the market feels that this time will be resolved just like...

Welcome back, PipTrapper.

Being without cellular reception is a strange experience but with great "disconnection" benefits, eh?
cryptocurrency everytime
  • #70,317
  • Oct 8, 2013 2:44am Oct 8, 2013 2:44am
Quoting CurrencyMan
{quote} Thanks for your feedback and support. I will post more information during the day on Money Flow and how to use the information to make profits during the day. We need to pick up the slack while PipTrapper is on holiday. We are 10 days away from Meltdown. Obama will now BLINK FIRST. The markets are not happy as we now have RISK OFF. Watch the Yields on the 2 Year US Bonds and the 10 Year US Bonds as well. Watch the spread between the two. Watch the Price of Gold and watch USD JPY and see how it affects EUR JPY. Get good entry and decide on...

Thanks for the reply CurrencyMan,

I look forward to your explanation however brief. As I said in my elaborate post over the weekend, I am not taking positions right now - too much uncertainty - instead just grabbing whatever presents itself in obvious opportunities.!
cryptocurrency everytime
  • #70,318
  • Oct 8, 2013 3:00am Oct 8, 2013 3:00am
Quoting TraderPablo
{quote} Venz..I was in Bangkok only once on a stopover on the way to Australia many years ago....I rented a long tail boat which had a huge v-8 on it... just me and the "capt'n". The boat was rather small therefore very fast...so we hauled ass way up the river....we stopped at some temples on the way talked to the Monks ate and drank in a couple of places along the river..it was almost a one day affair...no tourists there anymore....we had a great time the capt'n n' me....what a nice guy he was..I told him I did not care where he went and hw long...

Pablo,

Wow, that sounds amazing... and Thailand is exactly the kind of place where you can step out of the hub, into local life and just enjoy the ebb and flow of daily existence. The Thais are very welcoming in that way, altho' one wouldn't say that from even a single tuk-tuk experience in Bangkok.

Strangely, Ho Chi Minh, did a lot of communist groundwork in the poorer northeast (Isaan). This is still the stronghold of the "Red Shirts". However, this threat was identified by Kissinger early on and starting in the late 60s Thailand's frequent military regimes enjoyed solid support from the US military and CIA covert training. A drawnout campaign (witch-hunt) during the 80s all but destroyed the communist movement here. The "Yellow Shirts" (monarchists) often show power in various public marches. Objectively, the conditions in Thailand never favoured a socialist revolution - now even less than ever before.

For me it's a favourable country-environment to live in and work from (for the reasons i mentioned in my previous post) and for now i call it home. Easy on the eyes and good for the soul. Oh, and the food is delicious.
cryptocurrency everytime
  • #70,319
  • Oct 8, 2013 4:18am Oct 8, 2013 4:18am
Quoting PipTrapper
Hey I'm back from my short yet fun filled holiday. I didn't have much luck with cellular reception due to the very rural nature of the places I was visiting, so unfortunately couldn't drop in to say Hi. Sorry 'bout that. Anyway, I guess I have some catching up to do, although I see not much has changed on the US shutdown/debt ceiling issue. As I mentioned last week before I left, I figured we would get a sell off on Friday. However I am quite impressed that it was a very small one. I guess the market feels that this time will be resolved just like...
Welcome back, PT
in actual fact... not lost anything..
  • #70,320
  • Oct 8, 2013 4:49am Oct 8, 2013 4:49am
These are excerpts from confidential International Monetary Fund documents, including board meeting minutes, staff briefs and board-member comments reveal considerable disagreement at the May 9, 2010 meeting at which the IMF board approved Greece’s first bailout.

http://blogs.wsj.com/economics/2013/...ents-revealed/
Those who say it cannot be done should not interrupt those who are doing it
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