EURUSD

shit....I did not know that....

I am also thinking that those opposite levels can mark up the lines for a trading range, in that case fading the extremes with a second entry will be considered on my part...

It's not true of course. Even the link says it's false.

shit....

if the chance presents itself, I'll pay 3537 on some, for a scalp....

why?

cause thats where I see some support, thats why...

I agree, see link so I don't have to type it .. http://www.forexfactory.com/showthre...89#post7451889

But the fed doesn't really ever put new money into the system in the long run, they have always ran market operations, either buying or selling. All they do is give money to banks so that banks meet their reserve requirement with low interest money so that their own money is able to be used for other things.

This is what makes me feel dumb. A simple balance sheet, with blacked out names to keep confidentiality, with a list of liabilities, assets, and equity is all it would take. Just name assets and liabilities A1, A2, L1, L2. And put that simple balance sheet up. See if 1 + 1 = 2. that can't be done? why? so dumb. liabilities + share holder equity = Total Assets. no forensic accounting needed. but yet ...




All the fed money is parked at the fed, its just the banks overnight lending reserve requirements aren't at the fed. Fed operations are the same as lowing a reserve requirement (which can also be in reference to my earlier comment on the fractional reserve lending).


$1000 deposit > $100 reserve and $900 loan > $900 deposit > $90 reserve and $810 loan > $810 deposit > $81 reserve & $729 deposit.

just always that ration to be multiplied by a factor of whatever % the feds bond buying is replacing.

some say the crash was from a lack of liquidity ...

No, I didn't mean to much regulations as a factor of financial regulations. I meant the more you rule the more you have to enforce. And that with the regulations, all they need to do is enforce it .. and they can barely do that.

The financial crisis, on a fundamental level, was from the left forcing sub-prime qualifiers and exceptions.

The governments only job is to enforce contracts. If you buy a Lemonade from me, and you give me a dollar, that dollar is a contract for our trade. If my lemonade doesn't match what we agreed upon (it's pee!), than you bring me to court. And the government settles that dispute. I think the government hasn't been good at enforcing contracts.

Hell, with the SEC, you don't know what laws you are breaking, if you ask them for a reference into if you are doing something wrong, they can't tell you until you comment the crime, very selective.

Its hard to interpret and divulge context on the internet in conversation.

I am to scattered and its late. Just got done watching the game ... point being, when it comes to Europe ... the calls for bad news around the corner, I think have been to premature for a couple years and I think it will be a few more years before it metastasizes ... who knows how many euro dollars there are, who knows who prints them, who know who burns them. Who knows how many liquidity pipelines there are between Berlin and Frankfurt and Brussels.

I will stick to the rule of 'path of least resistance' when it comes to this ... and the least resistance is dollar down, 17 Trillion in known liabilities is a lot .. the Federal reserve having 4 Trillion in debt with lending that can't be audited is a lot of resistance, a country where 1/3 of teen can't join military because they are to fat is a lot of resistance ...

as far as the deposits, rather it be the US or ECB ... or BOJ, the point of having a liquidity blanket is to absorb shock, that is all .. support what falls on the bed ... so someone is building a big soft bed ... for what, who knows ... for what point in time, who knows ... are Draghis springs bad? who knows. I don't know.

Fractally EUR USD should go as per its cycle too 1.3587 then drop back to 57 for its buyers.. however, as it was Thursday and we were too close too the actual low and it was not Friday Euro longed.. I now have a feeling that it will fail here and fail its FRactal and finish the day at the proper low 1.3486

If however, it makes its way up to 1.3587/96 I will short to 1.3557

There be looking to buy it up too 1.3625 and further upside would be expected. Although as I said Euro is a waiting game as have a feeling euro will not reach the Fractal and will fail and fall back to the proper support at 1.3486.. again this is just my opinion

Cable propelled a rocket with the news on interest rates.

AUD USD looks like its topping out.. looking to sell around 9.443 expecting large pullback but intraday or might finish the move Sunday looking for 9351/38

well support and resistance are subjective....would you like to explain...... if not....still the same....at least we know...

https://charts.mql5.com/4/961/eurusd...ivision1-2.png

That is what I am watching.

This is still my plan, I will be buying unless we break and hold below that trendline (fed next week may determine that).

To clear up my opinion a little. I think 'tapering' is being confused with 'no buying' Tapering is just buying less. I think, if the 'day of reckoning' is coming soon, it will be when fed liquidity dries up. and tapering ends with no buying.

The ECB has 15+ nations to worry about, it is simply impossible to do a massive QE, just impossible ... without war. Japan, if their rates jump more than what .. 2%, they dont' have revenue to service debt payments, let alone government operations ... RBA & RBNZ are just hanging onto cash flows into their commodity sectors, those can wither up in a split second ... massive layoffs will happen the second that the 75% of outside investors (non aussie) pull their money out. AUD being sold while rates are forecast to drop .. that can be ugly. South Africa's bank still has growing mining problems, their (along with Turkey, etc) interest rate increase aren't to cool off crap, its purely a counter to the fed.

I know my bias seems to be rainbows and lollypops, but it isn't, I just think that it isn't here until its here. So I am buying to target 1.4950-1.51 unless fundamentals change the course. The the path of least resistance changes, I will happily change also. There isn't much USD I would buy in the medium-long term right now.

Good morning!

Looks like EURUSD is coming back to test the recent lows at 1.3518. If that level holds (which my indicators are telling me it will), I would expect this to get to the 21% Fib retracement at least as I stated in my earlier posts Then getting up to 1.3630 should be a breeze.

Happy Friday!!

Wonder if this will 'blow' the Euro to 1.38

http://www.zerohedge.com/sites/defau...0140612_bj.jpg

Spanish Government Goes Digging For GDP, Asks Brothels: “How Many Services Do Your Hookers Provide?”

good morning. finally some movement on the price it was stuck around 1.3500 for long time now its over resistance line can push price to 1.36. lets hope

I see another Leonardo Pisano Bigollo fan.........Apparently he was from Pisa.....You cannot trust someone from Pisa.....he has many secrets he cannot tell. Why?Because they are al BS.....

or gorilla (adopted by bear family) shit hand grenades

where does 21% Fibo come from?

that looks like a fake gorilla. look at his arm and elbow when he moves his arm. he does not look at those people when he throws the grass. Looks like a heavy costume put on a human body.

could be fake, pretty sure I wouldn't pinch him to find out