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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #55,421
  • Sep 19, 2012 11:57pm Sep 19, 2012 11:57pm
Quoting Likerty
Frankie having difficult time faking upwards
Equity and commodity futures still very bearish. The currencies just reflect it.
Remember it is the securities markets that mostly dictate currency flows and not the other way round.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,422
  • Sep 19, 2012 11:59pm Sep 19, 2012 11:59pm
London is going to take this pair lower.
  • #55,423
  • Sep 20, 2012 12:01am Sep 20, 2012 12:01am
Quoting Ken A
You are right. You are ahead of everyone yesterday. I didn't see it coming.

This whole China-Japan-Korea is a puzzle, don't know what to believe from the media unlike EZ is more of an open book.
It's not that big of a puzzle really. Every conflict is about money. Territorial grandstanding has nothing to do with it. There are trillions of dollars in untapped natural gas and oil resources in that region... and now with the economies hurting, they are getting very irate.

Think about how you feel when your trades are bleeding red ink.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,424
  • Sep 20, 2012 12:02am Sep 20, 2012 12:02am
Quoting Wulfgar
Ya I see it too... the frankie isnt really bouncing it too hard off that area...

holding short from the break of 1.3... potentially seeing the 2960 and 2937 coming if we get a push with london....

yup - no follow thru, held at yesterday's low, so I banked a few....next stop the 50 area....
Trading Levels with WRBs
  • #55,425
  • Sep 20, 2012 12:03am Sep 20, 2012 12:03am
Quoting Islander
I have the 2972 area as older support, today's MS 2 pivot and a 61.8 fibo, also +ve divergence on the 15 min and lower TFs, so I bought some there......now I'd like a Higher Low to buy some more.....

PS GM PT
GM 2 U 2 Islander. Many green pips my friend.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,426
  • Sep 20, 2012 12:05am Sep 20, 2012 12:05am
Quoting PipTrapper
Equity and commodity futures still very bearish. The currencies just reflect it.
Remember it is the securities markets that mostly dictate currency flows and not the other way round.
Securities markets - what are those? bonds ?
69
  • #55,427
  • Sep 20, 2012 12:05am Sep 20, 2012 12:05am
Quoting PipTrapper
It's not that big of a puzzle really. Every conflict is about money. Territorial grandstanding has nothing to do with it. There are trillions of dollars in untapped natural gas and oil resources in that region... and now with the economies hurting, they are getting very irate.

Think about how you feel when your trades are bleeding red ink.
No one will be allowed to post
  • #55,428
  • Sep 20, 2012 12:05am Sep 20, 2012 12:05am
Quoting Islander
yup - no follow thru, so I banked a few....next stop the 50 area....
Still holding the whole thing.... Gonna try to let PA tell me when to get out.... lookin for some support with a double bottom(around the 2937 possibly) and some momentum... I expect it will be around here... The dailys range is getting a bit stretched for a move with no significant retracement.... The aussie really paid off short but is also coming up on heavy support.... same with most risk currencies(NZD/CAD/etc)...
  • #55,429
  • Sep 20, 2012 12:07am Sep 20, 2012 12:07am
Quoting Likerty
Securities markets - what are those? bonds ?

I think it's some sort of exotic foods
  • #55,430
  • Sep 20, 2012 12:12am Sep 20, 2012 12:12am
Quoting Wulfgar
Still holding the whole thing.... Gonna try to let PA tell me when to get out.... lookin for some support with a double bottom(around the 2937 possibly) and some momentum... I expect it will be around here... The dailys range is getting a bit stretched for a move with no significant retracement.... The aussie really paid off short but is also coming up on heavy support.... same with most risk currencies(NZD/CAD/etc)...

oh come on.... missed by 3 pips are u serious???

it still may hit it
  • #55,431
  • Sep 20, 2012 12:15am Sep 20, 2012 12:15am
Quoting Likerty
Securities markets - what are those? bonds ?
Bonds, equities, commodities, derivatives.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,432
  • Sep 20, 2012 12:15am Sep 20, 2012 12:15am
One of the broker I am using just went off-line. I have 3 accounts with this broker with 3 different servers, all down.

Other accounts with bank broker no problem
  • #55,433
  • Sep 20, 2012 12:16am Sep 20, 2012 12:16am
Quoting Wulfgar
ya major sentiment move during Asia... It will be interesting to see if London keeps the party going or buys this up....

I cracked out a few shorts on the Aussie from the 1.0470/1.04390 area...

Waiting for a PA signal to get out

major support has been broken.... looking towards the 1.0351

Still good R:R on the EU to buy these levels...(till it CLOSES sub 1.3000)
I also shorted the aussie from the top of the right shoulder @ 1.0494 and and targeting 1.02
  • #55,434
  • Sep 20, 2012 12:16am Sep 20, 2012 12:16am
Quoting Ken A
I think it's some sort of exotic foods
Aaa - sleepy head.. Just googled it - it doesnt have anything with the actual security
69
  • #55,435
  • Sep 20, 2012 12:17am Sep 20, 2012 12:17am
Quoting Wulfgar
Still holding the whole thing.... Gonna try to let PA tell me when to get out.... lookin for some support with a double bottom(around the 2937 possibly) and some momentum... I expect it will be around here... The dailys range is getting a bit stretched for a move with no significant retracement.... The aussie really paid off short but is also coming up on heavy support.... same with most risk currencies(NZD/CAD/etc)...

I too have support ~2933 and with todays MS 3 just below its a good target area for this morning......unless the German data or Spanish bond Auction go badly....as ever the PA will confirm...
Trading Levels with WRBs
  • #55,436
  • Sep 20, 2012 12:19am Sep 20, 2012 12:19am
Quoting mka_78
I also shorted the aussie from the top of the right shoulder @ 1.0494 and and targeting 1.02
awesome my friend.... u def got a better entry than me... We shall see if this zone its in to down to the 1.0350 holds... if it cracks and gives way then yes... the 1.02 or even parity is in sight
  • #55,437
  • Sep 20, 2012 12:19am Sep 20, 2012 12:19am
Quoting PipTrapper
Bonds, equities, commodities, derivatives.
Just maybe you could recomend any source/book for introduction to these for a newcomer? I have difficulties interpreting risk relation to vorious commodities..
69
  • #55,438
  • Sep 20, 2012 12:20am Sep 20, 2012 12:20am
Quoting Islander
I too have support ~2933 and with todays MS 3 just below its a good target area for this morning......unless the German data or Spanish bond Auction go badly....as ever the PA will confirm...

Well we will probably consolidate until then... that last leg down reeked of a liquidity hunt... expect a pullback to the 1.2960/1.2972 at least
  • #55,439
  • Sep 20, 2012 12:22am Sep 20, 2012 12:22am
nothing better than waking up to a 30 pip trailing SL running from 72 down to 1.2940 nice. PT good call.
  • #55,440
  • Sep 20, 2012 12:22am Sep 20, 2012 12:22am
Quoting Wulfgar
oh come on.... missed by 3 pips are u serious???

it still may hit it
It may. I just don't see how NY is going to buy this up
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