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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #2,061
  • Oct 11, 2011 3:11pm Oct 11, 2011 3:11pm
Quoting fxrising
What I have noticed in the past is that when bank experts come out and predict that a pair is bear or bull, there seems to have intermediate gains the other way, might be something to that
There is in fact something to it.

1. Bank has a surplus of Euros and they want to buy some USD but they don't like the exchange rate.

2. They make an announcement that the euro is going up to a certain level

3. The sheep buy it up.

4. When the Euro comes close to what they announced, the bank sells their Euros for USD

5. The euro drops like a rock triggering stops on the way down

6. Bank buys up some more Euros for much less.

7. Repeat from step 1

Moral of this story: Don't believe an umbrella salesman if he tells you it's going to rain today.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,062
  • Oct 11, 2011 3:14pm Oct 11, 2011 3:14pm
Quoting PipKiller
Hearing the vote will be in about 3 minutes.

Can't confirm it anywhere else yet.
CNBC doesn't care. They are talking about Alcoa. lol
Those who say it cannot be done should not interrupt those who are doing it
  • #2,063
  • Oct 11, 2011 3:14pm Oct 11, 2011 3:14pm
lets all panic sell!

i just woke up. premature sleep.

not again...
Have I got something on my face, SOLDIER?
  • #2,064
  • Oct 11, 2011 3:15pm Oct 11, 2011 3:15pm
Quoting PipKiller
Hearing the vote will be in about 3 minutes.

Can't confirm it anywhere else yet.
VOTE REJECTED!!!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #2,065
  • Oct 11, 2011 3:16pm Oct 11, 2011 3:16pm
Slovakia rejected expansion of EFSF.

Now the back room bargaining begins!
  • #2,066
  • Oct 11, 2011 3:18pm Oct 11, 2011 3:18pm
Bearish for US equities, if just for a bit. Miss on bottom line, hit on top. Guidance not listed, but well off in the after hours.
  • #2,067
  • Oct 11, 2011 3:18pm Oct 11, 2011 3:18pm
Slovakia parliament rejects EFSF ammendments. This according to CNBC TV News
No other details at this point.
I guess they will vote again on Thursday

Let's see how Wellington reacts to this
Those who say it cannot be done should not interrupt those who are doing it
  • #2,068
  • Oct 11, 2011 3:19pm Oct 11, 2011 3:19pm
Quoting bumapatria
lets all panic sell!

i just woke up. premature sleep.

not again...
Those who say it cannot be done should not interrupt those who are doing it
  • #2,069
  • Oct 11, 2011 3:20pm Oct 11, 2011 3:20pm
why is euro not dropping
  • #2,070
  • Oct 11, 2011 3:20pm Oct 11, 2011 3:20pm
Woooooooooooooooow
  • #2,071
  • Oct 11, 2011 3:20pm Oct 11, 2011 3:20pm
bloomberg tv : rejected.

-20 pip drop....
i still think a NO was priced in..
  • #2,072
  • Oct 11, 2011 3:20pm Oct 11, 2011 3:20pm
Slovakia rejects EFSF expansion; govt loses confidence vote



Alcoa stock dumped after hours with Q3 report. Down almost 5% now.
I don't care which way the market is going as long as it's going my way
  • #2,073
  • Oct 11, 2011 3:22pm Oct 11, 2011 3:22pm
Quoting drtorque
bloomberg tv : rejected.

-20 pip drop....
i still think a NO was priced in..
It's not a NO. It's a NOT YET
They will vote again on Thursday

ADD: All markets and banks are closed. Wait till Wellington open.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,074
  • Oct 11, 2011 3:22pm Oct 11, 2011 3:22pm
well im all loaded long time ago. but on euro yen. im guessing it has most effect on the euro dollar, but i took that trade coz a newcomer on my thread asked for my analysis, and it looks low risk. so i took it

dow jones short waiting on accumulation, now is on momentum,
same deal on euro yen.


ADD: are you serious hahahha, they keep delaying their demise...
Attached Image
Have I got something on my face, SOLDIER?
  • #2,075
  • Oct 11, 2011 3:26pm Oct 11, 2011 3:26pm
Quoting PipTrapper
It's not a NO. It's a NOT YET
They will vote again on Thursday

ADD: All markets and banks are closed. Wait till Wellington open.
of course im talking about a no for today..
its gonna be a YES this way or that, everybody says that, i wrote that already.
but we were waiting for an nonpositive response today.. it came, lets whats gonna happen..
  • #2,076
  • Oct 11, 2011 3:28pm Oct 11, 2011 3:28pm
Quoting Goody
Pip Traper do you sleep??? I have just got up here in OZ and you were going for it when I went to bed last night, Mate love your effort and thanks for all the info you and the rest of you lot give.
Yeah I sleep. I have QWERTY imprinted on my forehead

Welcome to EurAnalysis Goody and thanks for your comments.
Please read through page 1 to familiarize yourself with the rules and objectives.
Looking forward to your participation.
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #2,077
  • Oct 11, 2011 3:29pm Oct 11, 2011 3:29pm
Quoting bumapatria
well im all loaded long time ago. but on euro yen. im guessing it has most effect on the euro dollar, but i took that trade coz a newcomer on my thread asked for my analysis, and it looks low risk. so i took it

dow jones short waiting on accumulation, now is on momentum,
same deal on euro yen.


ADD: are you serious hahahha, they keep delaying their demise...
As usual... Buying more time.

I like the EJ trade One I was considering myself when I was doing my technical analysis this morning. Many green pips to you.

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.jpg Size: 120 KB
I don't care which way the market is going as long as it's going my way
  • #2,078
  • Oct 11, 2011 3:31pm Oct 11, 2011 3:31pm
Quoting drtorque
of course im talking about a no for today..
its gonna be a YES this way or that, everybody says that, i wrote that already.
but we were waiting for an nonpositive response today.. it came, lets whats gonna happen..
Once some volume returns to the markets, this Euro will be dropping. The vote was after markets closed.
Plus Alcoa missed earnings so the equity markets have to react to that news as well.
So far it has been a negative day all around.
Risk-off from here on till some good news.

Pepsi and Marriott report earnings tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,079
  • Oct 11, 2011 3:32pm Oct 11, 2011 3:32pm
Quoting PipTrapper
Yeah I sleep. I have QWERTY imprinted on my forehead

Welcome to EurAnalysis Goody and thanks for your comments.
Please read through page 1 to familiarize yourself with the rules and objectives.
Looking forward to your participation.
Cheers
PT
nope it says: STOP SLEEPING ON THE KEYBOARD, COZ THEY ARE SHORTCUTS FOR BUY AND SELL ORDERS!

i hope you guys are enjoying drop on eur/usd.
Have I got something on my face, SOLDIER?
  • #2,080
  • Oct 11, 2011 3:33pm Oct 11, 2011 3:33pm
Quoting bumapatria
well im all loaded long time ago. but on euro yen. im guessing it has most effect on the euro dollar, but i took that trade coz a newcomer on my thread asked for my analysis, and it looks low risk. so i took it

dow jones short waiting on accumulation, now is on momentum,
same deal on euro yen.


ADD: are you serious hahahha, they keep delaying their demise...
Yes, and thus far it is proving a nice move, those darned newcomers....

Will be curious to see if the Euro bounces or drops. I think this was largely priced in, but I think some people around here said they would drive up the price of a currency so they could buy it at a higher level to short? Could that not be a better explanation of what happened today and why?
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