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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #2,361
  • Oct 13, 2011 12:10am Oct 13, 2011 12:10am
Quoting mag871
Maybe a reversal to 1.3680, a possible head and shoulders forming on 1h.
I am not sure how to paste a pic or I would. Any one else see what I think I am.
sure, h&s wit da neckline @ .36, that'd be a sweet pullback.

when i zoom out to 4h, tho, i see classic stairstep breakouts, big risers, flat treaders, could go on til 1.5+ if that's what the headbankers want.

these are uncommon times.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,362
  • Oct 13, 2011 12:15am Oct 13, 2011 12:15am
EU Daily Outlook - Tokyo Session
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily White Version.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #2,363
  • Oct 13, 2011 12:21am Oct 13, 2011 12:21am
Quoting mag871
Maybe a reversal to 1.3680, a possible head and shoulders forming on 1h.
I am not sure how to paste a pic or I would. Any one else see what I think I am.
This is what you need to do:

First of all, for cutting pictures I use jetscreenshot. You can download it here http://www.jetscreenshot.com/.

Then I printscreen, cut the part of the image I want to share. Then click on save to file.

After that here's a pic of what you should do

Pbh
Attached Image (click to enlarge)
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  • #2,364
  • Oct 13, 2011 12:28am Oct 13, 2011 12:28am
Quoting The Fool
sure, h&s wit da neckline @ .36, that'd be a sweet pullback.

when i zoom out to 4h, tho, i see classic stairstep breakouts, big risers, flat treaders, could go on til 1.5+ if that's what the headbankers want.

these are uncommon times.
Thanks Tfool for the heads up i see what you mean.
Also thanks PBH for the info. I will try it on my next chart.
  • #2,365
  • Oct 13, 2011 12:37am Oct 13, 2011 12:37am
Quoting The Fool
sure, h&s wit da neckline @ .36, that'd be a sweet pullback.

when i zoom out to 4h, tho, i see classic stairstep breakouts, big risers, flat treaders, could go on til 1.5+ if that's what the headbankers want.

these are uncommon times.
Key question is... "What do these banker want?" Any thoughts besides a short term risk on buzz?
Kill the ego, or it will kill the mission.
  • #2,366
  • Oct 13, 2011 1:03am Oct 13, 2011 1:03am
german Cpi same as forcasted +0.1% m/m unchanged.

3770 remains key level for buyers.
gold decelerating down push. possible buying next.

euro still catching up with momentum, possibly slowing down as well.
Have I got something on my face, SOLDIER?
  • #2,367
  • Oct 13, 2011 1:14am Oct 13, 2011 1:14am
Quoting drtorque
I went long again.
@1.3770 w SL @ 3745

wish me luck
M1 chart w volume.. going to work out now.
SL up to 3760..
  • #2,368
  • Oct 13, 2011 1:24am Oct 13, 2011 1:24am
So.. market fell back
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  • #2,369
  • Oct 13, 2011 1:39am Oct 13, 2011 1:39am
Quoting AaronWard
Key question is... "What do these banker want?" Any thoughts besides a short term risk on buzz?
they want to cover their collective ass. buy time to work out from under all that toxic debt. isolate the worst diseased institutions so the contagion can be contained. run the euro up so when it drops there will be room for it to drop without taking the world as we know it along.

because there is a drop coming.... a day a week or a year of reckoning. none of these ez banks have taken any losses yet, debt restructuring and/or even sovereign defaults have not been done - they are just talking about how they will deal with it.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,370
  • Oct 13, 2011 1:47am Oct 13, 2011 1:47am
Quoting The Fool
they want to cover their collective ass. buy time to work out from under all that toxic debt. isolate the worst diseased institutions so the contagion can be contained. run the euro up so when it drops there will be room for it to drop without taking the world as we know it along.

because there is a drop coming.... a day a week or a year of reckoning. none of these ez banks have taken any losses yet, debt restructuring and/or even sovereign defaults have not been done - they are just talking about how they will deal with it.
aka delaying their demise.
Have I got something on my face, SOLDIER?
  • #2,371
  • Oct 13, 2011 2:17am Oct 13, 2011 2:17am
Quoting bumapatria
aka delaying their demise.
aka "kicking the can down the road" ... "and over the cliff they go still kicking it"
Those who say it cannot be done should not interrupt those who are doing it
  • #2,372
  • Oct 13, 2011 2:21am Oct 13, 2011 2:21am
EUR/USD Making Late Push Above 1.3800

EU Banks Could Shrink to Hit Capital Rules

Even a Slovak 'Yes' will make no difference

.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,373
  • Oct 13, 2011 2:24am Oct 13, 2011 2:24am
It seems to me that another bullish flag is building.

The Daily chart is still showing some more gains are ahead of us.

Is the price level of 1.402-1.405 the right resistance to watch?
  • #2,374
  • Oct 13, 2011 2:26am Oct 13, 2011 2:26am
Imo,1386-7 must be fill before turning south...attached daily and monthly development so far
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EU Monthly.png Size: 43 KB
If there was easy money lying around,no one would be forcing it into your
  • #2,375
  • Oct 13, 2011 2:27am Oct 13, 2011 2:27am
Good Euro morning to everyone.

I will be stepping out till Euro lunch time today to take care of some long overdue business.
I do not have much to say about the markets today as I have no way of knowing what the ECB has in store. They may make another push to sway USDs for EURs today as a final "there you see? all better now" statement.
I have a small test position short at 1.3790 with a stop at 1.3836
Currently my technicals tell me my stop will not get hit, but technicals meant nothing yesterday. Only price action is telling the true story and since I won't be around to watch it, the only way out of this trade is set stops and a "hope & prayer" profit when I get back.

Let's see if the channel gets violated today.

Here's my daily 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
  • #2,376
  • Oct 13, 2011 2:28am Oct 13, 2011 2:28am
missed long entry by 2 pips...

will 3833 hold?
Do we have a deal?
  • #2,377
  • Oct 13, 2011 2:36am Oct 13, 2011 2:36am
Looks like the Chinese may be back on the scene....

Chinese ForMin spokesman: China has confidence in European economy

.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,378
  • Oct 13, 2011 2:48am Oct 13, 2011 2:48am
Quoting PipTrapper
Looks like the Chinese may be back on the scene....

Chinese ForMin spokesman: China has confidence in European economy

.
careful Pt, it might be some sort of insider stuff again. Make euro higher to sell it higher. im only sending scouts no big lots for now..

because that sounds like full of b/s completely.

if not, be careful.

well the chinese hate a weak euro. thats one good side that might make the story true

one mislead is tiitle of the article.
Have I got something on my face, SOLDIER?
  • #2,379
  • Oct 13, 2011 2:59am Oct 13, 2011 2:59am
Quoting bumapatria
careful Pt, it might be some sort of insider stuff again. Make euro higher to sell it higher. im only sending scouts no big lots for now..

because that sounds like full of b/s completely.

if not, be careful.

well the chinese hate a weak euro. thats one good side that might make the story true

one mislead is tiitle of the article.
No worries buma. My position is also a scout (mini-lot)
In a chess game we would call that a pawn.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,380
  • Oct 13, 2011 3:15am Oct 13, 2011 3:15am
Quoting drtorque
SL up to 3760..
-10 pips, got stopped.
time to short! 3770
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