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EurAnalysis Kindergarten 24 replies

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EurAnalysis

2 Year US Bonds - .30% A Big Rise in Yield

10 Year US Bonds 2.22% Yield

The money goes into US Dollars on the sales and then US Dollars buy Gold, Oil, GBP/USD and EUR/USD and EUR/JPY

Now Dow Futures are at UP 87

Gold is at $1684 and Oil is up...

Let's see where we are at 10:30 AM EST

Good Morning again everyone. I will be away for other business for a few hours. Good Trading.
Quoting ntrprz
Helicopter Ben just can't get enough QE, he is probably looking at taking his vacation on the QE2, or is it QE3 now? Nothing like back door flooding the market with $$$$ so you can keep them down. Totally didn't know about that or would have been somewhere else. Fortunately, it didn't hurt me thanks to very tight SL after last night's move south for me.
He's on QE3 now and being sneaky about it. QE2 finished in June IIRC.

I didn't get dinged on yesterdays trade as I was @ BE after being +90 which is frustrating, but did get hit a little on a small position I tried around the 1.38 that just knicked my SL and turned around. Didn't post that position and charts earlier because I didn't know WTH was going on with that rally.

I did catch a 12 pip scalp I tried on the $chf and do have a chunk long $CAD @ 1.0168 with the SL below the last pivot low @ 1.0138 set for a swing trade back toward the recent high.
I don't care which way the market is going as long as it's going my way
looking at a nice pin bar forming in the 4H chart with nice rejection off 38. Not quite a 50% fibo retrace, though. About 40 pips away. Could be a nice area for a short entry with some support around 3680 based off the 4H, which is also the 38% fibo

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Before I go out I will share my take on where we are at the moment.

Before the NFP number came out the worst was expected in the USA. A double dip recession. Then out comes the feel good number 103,000 which included PLUS 40,000 from the Verizon layoff's. Then the focus goes to "The Last Supper" and WOW the problem is solved so the focus goes back to the USA and then Gold goes up, Oil goes up and Copper goes up and HAPPY DAY'S are here again.

What is NOT being factored in is once the Merkel/Sarkozy solution is revealed and things blow up it WILL affect the US economy which is in a recession now. These facts will appear again and the Dow will drop and we will go back to October 3, 2011. In November there are BIG DEADLINES such as the Group of 12 and the Magic Solution on debt and the shortfalls.

Be patient knowing the fundamentals are clear to those that see the KING has NO CLOTHES and then PERCEPTION changes and off we go.

Bottom Line The Spinners think the economy will NOT DOUBLE DIP...

Earnings Season now...
The KING is Ben "The Wizard of Oz"

PipTrapper is OUR Lion. Long Live the LION !!!

All other views are welcome.
Quoting Yojimbo
long entry @ 3760 SL 3749 TP 3860
SL @ BE
Do we have a deal?
Quoting knoholygrail
Before I go out I will share my take on where we are at the moment.

Before the NFP number came out the worst was expected in the USA. A double dip recession. Then out comes the feel good number 103,000 which included PLUS 40,000 from the Verizon layoff's. Then the focus goes to "The Last Supper" and WOW the problem is solved so the focus goes back to the USA and then Gold goes up, Oil goes up and Copper goes up and HAPPY DAY'S are here again.

What is NOT being factored in is once the Merkel/Sarkozy solution is revealed and things blow up...
redlion would hate to hear that

i am short on silver and gold. hows eur/usd, im not trading it , and therefore will not analyze it for time being lol.
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Have I got something on my face, SOLDIER?
Kno,

I would add that this move is more about the USD than anything. USD is moving across the board. Even the move down from 1.45 to 1.315 was more about the USD than the euro.
yen spike. eur/usd movement?
my charts offline on that pair wont update for some reason.
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Have I got something on my face, SOLDIER?
this is how i see things progressing , possible sell where i placed the down arrow
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Quoting kirkdurant
this is how i see things progressing , possible sell where i placed the down arrow
i dont see the arrow...
Have I got something on my face, SOLDIER?
Well I'm Short (Not that short, 5'10" actually)

Short EU from 3783. Seems to me the rally ran out of steam on the 1hr chart. switched to the 5 min and no new high. Therefore short. Ran a tight stop of 15 pips and now at BE+2
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Short Euro and remaining that way. That's just the way it is !
Quoting bumapatria
yen spike. eur/usd movement?
my charts offline on that pair wont update for some reason.
I'm seeing the same spike so your chart isn't lying to you.

Rumors flying that Japan may put a floor on the Yen like the Swis did with the Franc
I don't care which way the market is going as long as it's going my way
Quoting AaronWard
Kno,

I would add that this move is more about the USD than anything. USD is moving across the board. Even the move down from 1.45 to 1.315 was more about the USD than the euro.
I am really confused, how did USD spike against JPY so hard? EURJPY through the roof too. Was it weak and just dragged there by EUR?
Quoting NZ Chris
Well I'm Short (Not that short, 5'10" actually)

Short EU from 3783. Seems to me the rally ran out of steam on the 1hr chart. switched to the 5 min and no new high. Therefore short. Ran a tight stop of 15 pips and now at BE+2

Out for +20 on half and B/E on rest. NEXT
Short Euro and remaining that way. That's just the way it is !
Rumours that Japan would put floor on yen like they did on the CHF. So basically people went long

anyone know where piptrapper is?
Have I got something on my face, SOLDIER?
Slovak opposition says agrees EFSF expansion
From forexlive.com
http://www.forexfactory.com/images/misc/news_quote.gif Reuters headline
Quoting ntrprz
I am really confused, how did USD spike against JPY so hard? EURJPY through the roof too. Was it weak and just dragged there by EUR?
Big Ben had a clearance sale on the $ today so the Japan went shopping?

Would not surprise me a bit to find out some time today that the BOJ gave it a little intervention push to go with the "floor" rumor.
I don't care which way the market is going as long as it's going my way
here is the chart with the arrow
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Quoting bumapatria
anyone know where piptrapper is?
Prolly working on imprinting QWERTY on his forehead again
I don't care which way the market is going as long as it's going my way
Quoting ntrprz
I am really confused, how did USD spike against JPY so hard? EURJPY through the roof too. Was it weak and just dragged there by EUR?
some noise about a YEN fix. It doesn't seem credible to me, but we will see. A yen fix should give the USD a decent bump up.
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