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EurAnalysis Kindergarten 24 replies

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  • #1,761
  • Oct 11, 2011 1:14am Oct 11, 2011 1:14am
It seems it will go down, price rejection from 1.367x was pretty strong. Still don't take my word for it, very messy morning today.
  • #1,762
  • Oct 11, 2011 1:15am Oct 11, 2011 1:15am
Russia's Putin in China for talks for two days.

Fundamentally speaking, a debased euro is not good for Russia's and China's economy as it will hurt their experts to the EZ. China exports many goods and Russia exports energy.
I am sure the Euro is on their agenda so it is possible that they might discuss making a coordinated move to help boost the euro... perhaps by buying German Bunds... certainly not Greek or Italian. LOL

However, they may determine, based on the current situation, that the risks would far outweigh the benefits.

We shall see.

ADD: Sorry no link yet as I heard in on CNBC. Not the part about euro discussion. Just the part of the visit. The euro discussion is my guess.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,763
  • Oct 11, 2011 1:16am Oct 11, 2011 1:16am
Wtf

credit agricole vice chairman: dont need capital injections.

He says recapitalization would be a false remedy. So now people know that re-capitalizing banks WILL NOT DO MUCH.
Psychologically, if people do think that way, next time sarkozy and merkel talks they wont be risk-on to buy the euro, or rally the stocks.

they are delaying the downfall, hiding too much from the public, trying to avert the public's attention,
so if anyone's going to buy euro like yesterday;s move, they better come up with better ideas.
Have I got something on my face, SOLDIER?
  • #1,764
  • Oct 11, 2011 1:20am Oct 11, 2011 1:20am
Quoting TheSwede
Ok, I don't see any support at 1.36 (from yesterday yes could still be valid.) but today I see support at 1.3614. Anyhow we need a Lower Low and a Bearish momentum 1H with close below 1.3614 would be nice.
1.36 support is a long term falling trend line which has provided both support and resistance. It even provided resistance yesterday for two hours.

See dashed blue line below price on chart.

.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #1,765
  • Oct 11, 2011 1:24am Oct 11, 2011 1:24am
logically speaking, it has a higher probability being a supply rather than a demand level. Looking at the fact that its a bearish trend, reversal doesnt look very strong compared to the overall trend, silver and gold started selling, europe equities in the red, and trichets speech does not show confidence into investing in europe and its equities etc.
Have I got something on my face, SOLDIER?
  • #1,766
  • Oct 11, 2011 1:29am Oct 11, 2011 1:29am
lets see where silver goes to lead the other pairs.

rejection? support?
break?

well see.

ADD: broken.
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Have I got something on my face, SOLDIER?
  • #1,767
  • Oct 11, 2011 1:31am Oct 11, 2011 1:31am
Quoting bumapatria
logically speaking, it has a higher probability being a supply rather than a demand level. Looking at the fact that its a bearish trend, reversal doesnt look very strong compared to the overall trend, silver and gold started selling, europe equities in the red, and trichets speech does not show confidence into investing in europe and its equities etc.
Because we are at critical resistance right now and we have not yet started any correction relative to yesterday's surge, I would make this one a coin toss at this point. I am still holding my short at 1.3661 but I have set a stop loss at 1.3710
Yes I know I set a stop loss. Boooo. But if it breaks above 1.37, I feel we're in for another rally.

ADD: So far what I see on H4 is a possible bull flag. Until we invalidate that possibility, coin toss
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #1,768
  • Oct 11, 2011 1:34am Oct 11, 2011 1:34am
Dow jones dropping.

cable 19 pips below daily open.
Attached Image (click to enlarge)
Click to Enlarge Name: dow jones short.gif Size: 51 KB
Have I got something on my face, SOLDIER?
  • #1,769
  • Oct 11, 2011 1:36am Oct 11, 2011 1:36am
dow jones +14
eu +5
silver +19.

We'll see if they stay winners.
Have I got something on my face, SOLDIER?
  • #1,770
  • Oct 11, 2011 1:37am Oct 11, 2011 1:37am
Quoting bumapatria
Dow jones dropping.

cable 19 pips below daily open.
Starting to look better for the bears.. But we are not there yet.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,771
  • Oct 11, 2011 1:40am Oct 11, 2011 1:40am
Quoting PipTrapper
Starting to look better for the bears.. But we are not there yet.
we're not getting that liquidity and volume of selling yet.
not aggresive yet.

yet.
Have I got something on my face, SOLDIER?
  • #1,772
  • Oct 11, 2011 1:42am Oct 11, 2011 1:42am
Just wait until it finds all of yesterdays Stop Losses, then it will move
  • #1,773
  • Oct 11, 2011 1:43am Oct 11, 2011 1:43am
hey guys things are starting to pick up , but we need to break 1.3600 to confirm downtrend?
  • #1,774
  • Oct 11, 2011 1:43am Oct 11, 2011 1:43am
Im not good with trendlines something I need to work on. But looks like we at least will test it now.

Quoting PipTrapper
1.36 support is a long term falling trend line which has provided both support and resistance. It even provided resistance yesterday for two hours.

See dashed blue line below price on chart.

.
  • #1,775
  • Oct 11, 2011 1:45am Oct 11, 2011 1:45am
accumulation has made its momentum on fiber. Accumulation period done, here is the momentum.

Bear.
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Have I got something on my face, SOLDIER?
  • #1,776
  • Oct 11, 2011 1:47am Oct 11, 2011 1:47am
Quoting Ffrank
Just wait until it finds all of yesterdays Stop Losses, then it will move
I was just about to type that.. so something similar anyway.

ADD: Sorry I didn't realize you are a new poster.
Welcome to EurAnalysis.
If you haven't already had a look at our objectives and rules on page 1, please do so.
We look forward to your future participation
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #1,777
  • Oct 11, 2011 1:51am Oct 11, 2011 1:51am
Quoting kirkdurant
hey guys things are starting to pick up , but we need to break 1.3600 to confirm downtrend?
Yes that is my feeling at this point.
From a technical perspective, it looks that way
From a fundamental perspective, it is overdue
Those who say it cannot be done should not interrupt those who are doing it
  • #1,778
  • Oct 11, 2011 1:54am Oct 11, 2011 1:54am
we got a break of the 1.3600 , hopefully this can encourage all the Euranalysis bears to join in ,LoL we need your support
  • #1,779
  • Oct 11, 2011 1:54am Oct 11, 2011 1:54am
All equity indices showing momentum downwards

http://www.finviz.com/futures_charts...t=INDICES&p=m5

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,780
  • Oct 11, 2011 1:56am Oct 11, 2011 1:56am
Quoting kirkdurant
we got a break of the 1.3600 , hopefully this can encourage all the Euranalysis bears to join in ,LoL we need your support
Nice notion but we retail traders will not move it any more than one pip.
We need the corporate and institutional traders to help also.
Those who say it cannot be done should not interrupt those who are doing it
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