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Kermit Krushed By Latest Stolpering As Asmussen Sends EURUSD Under 1.2800
Moments ago ECB's Asmussen had some less than jovial words for EURUSD longs. To wit via Reuters:
- ASMUSSEN SAYS THERE WAS UNANIMITY ON ALL DECISIONS LAST THURSDAY INCLUDING THE RATE DECISION;
- ASMUSSEN SAYS ECB FORWARD GUIDANCE GOES BEYOND 12 MONTHS
- ECB'S ASMUSSEN SAYS IF NEEDED WE HAVE A RANGE OF STANDARD AND NON-STANDARD MEASURES WE CAN DEPLOY
And the punchline:
- ASMUSSEN, ASKED ON NEW LTRO, SAYS I WOULD NOT RULE THIS OUT
The intention, of course, was to crush the EURUSD now that redenomination risk is, supposedly, gone. We can't wait until said risk returns and Mario Draghi comes back urging everyone to buy, buy, buy the EURUSD.
Of course, end result for those who listened to us a week ago and faded Stolper's latest EURUSD long at 1.3060, in a 260 pip gain with which we close the latest Stolper fade reco.
As for Goldman's muppet clients: -260 pips and the usual treatment.
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Will the Collapse of Civilization Begin With Global Corporatist Totalitarianism?
[sigh]
-sheep are already in the pen with their feet strapped down before they realize that bolt is for them
See that Gold and USD are no longer correlated
Please read a litttle about the cell automata before believing anybody can poredict the pathway of any transition. By Wolfram
First time I've seen Wolfram referenced on here.. sort of an obscure reference though? What are you responding to?
The "head" wants it all pushing the body over its limit but by not giving the body the nourishment it needs to acomplish more the body will colappse taking the "head" with it.
How is it that Stolper is still employed?
Because he makes fiat for the Squid at the expense of the Muppets
Yeah and Kostin yesterday says stocks to da moon in 2015 and to load up. That cheesepope infested firm wants the cheesepuppets to keep giving them their money.
I dont feel bad for those who lsiten to Goldman any more. Idiots like that should be muppetized
I was watching it happen real-time. I knew somebody must have opened their big yap to have a move like that. 2 minutes later on ZH.... now I know who.
Most big banks have somebody who does Public Relations; ie. publishes reports and prognosticates. they tend to be wrong most of the time. I used to notice that looking at daily reports on the Saxo Bank trading platform; UBS in particular was hilarious; you could just about fade their foreign currency predictions profitably. Whether or not these people are deliberately doing "opinion shapping"; I don't know; but you certainly can't pay any attention to them. With regard to "if you listened to me last week"---If you listened to me several weeks ago; I put you short the Euro from 1.33 so you could make some serious change; why? it's the top of it's trading range and the dollar rally was getting old. don't ever read bank analysis.
Didn't GS recently say --> LONG EURUSD ?
Did you even read the post?
goldman headlines are contrary indicators
aleph0 = Rachel Jeantel
Tyler - Stolper must hate you. Well done.
Stolper is doing exactly what he is paid to do. Send the Star Trek "Red Shirts" down the long, dark corridor with the slime dripping off the walls, armed only with a Tricorder.
My call was just an hour ago. I demand attribution! (And I don't recall the follow on based on actual events. Just "Stolper" (insert ha, ha here.) world is changing folks. Get with the program or be left in the dust.
"NSA leaker Edward Snowden has chosen to take political asylum in Venezuela, tweeted senior Russian State Duma official Aleksey Pushkov, although he deleted the post minutes later.
“Predictably, Snowden has agreed to [Venezuelan President Nicolas] Maduro’s offer of political asylum. Apparently, this option appeared most reliable to Snowden,” Pushkov, the head of the lower house’s Committee on Foreign Affairs tweeted. "
http://rt.com/news/snowden-venezuela-asylum-request-844/
You're closing the trade? That was a major support line that just got taken out, this drop may have legs.
Research proves that over 90% of the time market prices revert towards the inside of the trading channel. Buying, or selling, "breakouts" is a good way to make sure you don;'t have to pay any income taxes this year; because you won't have any income. I closed my Euro short last week; As JP Morgan said, "I sold too early". I want the 90%probable profit; Then I'm focusing on the next thing that's guaranteed to pay me; which in this case was Live Beef. In short; the probability that the Euro will continue down at this time is very, very, low. It broke the 28 handle during it's last cycle down a couple of months ago, also; and of course, rallied back all the way to the top of its trading range. Forget about "support" and start understanding trading ranges.
not this time. eurusd is heading into the grave now..
Stolper is better at moving the Euro than Draghi...uncanny.
The Muppets must all be in some 'Brewsters Millions' type scenario where their objective is to lose as much money as possible.
"It's not easy being green, having Goldman remove your spleen . . ."
Deo Gratias :)
http://www.youtube.com/watch?v=iF0r70MA680
Congratulations on the patient ones who waited for the 1.28 stop trigger. We covered 22 pips above last week. When does Stolper make his next trade rec?
i cut half today. playing for 1.245 now. Love stolper, I did not wait for 5 mins to take the short trade after reading the post here.
he never even saw a 30 pip profit on that one...
Ahhhh GOLDMAN, dick'n da muppets!
Who are these muppets. I don't believe they exist.
Just like 'The Shorts'....no fucking way do I believe that shorts lining up to get squeezed daily are what's responsible for over 7,000 DOW points.....nope...not buyin it.
i believe Kito has a fozzy bear you could check out
Oh my.....
Kuddos to Stolper. I am very impressed by his "muppet" batting average. Off the charts!
Babe "Stolper" Ruth did it again...
Looks like he is going for the World Series...
USD gaining strength. My brain hurts.
EUR/USD still heading down at 11:25AM EST. It appears, if I am reading this right, that this is oversold. (I'm a little new at this) Thoughts?
Avoid currency risk entirely by buying obliterated gold and (even better) silver. Who knows maybe some Government on the planet will find it within themselves to print a single copper penny and actually find it redeemable. I know that's how I'd pay for all this bullshit passing as money these days. One friggin copper penny should do it.
I don't have any worthwhile thoughts VH but I went back and watched this and what is striking to me is listenting from the 1 min 30 second mark to the 2 minute and 30 second mark.
Funny that gold was essentially in the same place as it is right now, and the euro is damn close too.
http://www.youtube.com/watch?v=Bnc9jR2WDgo
Interesting - the comment about the 'coming Euro slowdown' and the coming 'Chinese slowdown.
exactly. The main difference was that back then, crude and stocks were getting demolished by the idea. Today, Crude is 30 bucks higher and the dow is 5k points higher.
There is your 85 billion dollars a month at work, is all I can guess, and why we are living in fantasy land. I just can't figure out how much longer we can do it.
Ice Cream Man,
The Euro tends to reverse somewhere between the second and third deviation on the Weekly chart. Set your Bollinger Bands with both deviation settings and you can see what I mean,
Also, the 76.4 % Fibonacci retracement (a level that is favoured by Goldman's Jan Hatzius...) hasn't been hit yet at 1.267. Draw the Fibo from the low of August of 2005 and the high of July 2008. This will be the second re-test of that level and, with strong down candles on the Weekly and Monthly charts, there could quite easily be a full 100% retracement back to the 1.16-level.
There was absolutely no technial reason to make this call by Stolper, so the question does beg as to motivation.
:D
There are no Fibonacci's. I've never heard of Stolper; why would anyone bother reading him. Always take profits early. I reccomended this pair as a short here at 1.33; and took profits @1.293. There'll be more opportunities to short the Euro. Don't get interested in low probabilitiy events. Remember there are a lot of powerful people who don't want to see the Euro at 1.26.
No need to think when you have Stolper. Wait for him to close the latest reco at a "loss" before you go long.
The stop loss was 1.28 so the muppets are out already.
When you enter a trade these days, most anyone uses OCO orders where they specify the price target and stop loss point as soon as the position is entered.
Exiting is automatic.
Right, just remember the rule today is 'What goes up, must continue to go up, and what goes down will be back up by close'....UNLESS you're talking about PM's and those are always down.
Yes, it's oversold. Prices are unstable. both going up and going down; market prices overshoot. The probability that the price will stabilize and rally within a two week time frame is over 90%; neverless I willl not trade this. The Euro is doomed and no one knows the hour or the day; therefore I only short the tops of the rallies.Sooner or later the bottom will falll out.
I am so ashamed. When I read your post a week ago, I thought he can't possibly be wrong yet again, the Tyler's are just being their usual sarcastic self. Please forgive me for doubting you. I hang my head...
The now famous STOLPER indicator...best indicator ever!
Stolper is a paradoxical intention trader.
Fearful Puppet’s advising the MSM ventriloquist.
/Sarc
Now that the ECB has circumvented the democratic process and sovereignty of those heavily indebted countries they are ready for the privatization program where all their national assets get sold off for a fraction of their worth to banks and multinationals. The ECB and big banks probably have been selling the euro off and buying dollars then when the euro has finished falling they buy back the euro, and now those national assets are a lot cheaper. On top of that the taxpayers get saddled with the expense of the committee(bankers and foreign finance ministers) that processes the liquidation. Same old game.
http://thebusbyway.com/wp-content/uploads/2010/09/DeadKermit.png
Stolper might be bad, but compared to certain much-championed analysts and promoters of another asset class, he's a modern day Nostradamus. Maybe they deserve a turn at the whipping post?
The "Stolper Indicator" is the best trade ever!!!! Thanks Tyler...when is the next Muppet slaying?
Stolper is a f**kin' prodigy! A reverse prodigy, perhaps, but a prodigy just the same.
Stolper = Mr. Hand
Goldman client = Mr. Bill