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EurAnalysis Kindergarten 24 replies

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  • #3,581
  • Oct 19, 2011 2:48am Oct 19, 2011 2:48am
Quoting Tom_D_Trader
Omg, I say it every day and I am going to say it once again. F@ck Moodys, goddamn insider trading bastards still shorting Euro. Fak em really, they are so goddamn corrupt I still cant believe it. Why the hell two grades again? Why aint they modest? Why the hell do they always downgrade when it seems EU is waking up. Omfg always when we experience upwards correction. Italy, Spain, threatening to France. Screw those bastards!

Ok guys, I am sorry for beeing rude but I really hate em. Wont happen again, I just needed to shout.

T.
I forgive you
Those who say it cannot be done should not interrupt those who are doing it
  • #3,582
  • Oct 19, 2011 2:51am Oct 19, 2011 2:51am
Well,See a lot hard emotion in this thread today
If there was easy money lying around,no one would be forcing it into your
  • #3,583
  • Oct 19, 2011 2:59am Oct 19, 2011 2:59am
Rather thank think this and that or speculate this or that why dont just stick,focus and trade based on our chart accordingly

Trade this by proper money management and right entry with stop @ 1.3720
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If there was easy money lying around,no one would be forcing it into your
  • #3,584
  • Oct 19, 2011 3:01am Oct 19, 2011 3:01am
"According to EU officials, no deal has yet been reached to scale up the size of the Eurozone bailout fund" (today)

German finance minister: EU summit will not present final solution for crisis (yesterday)

Berlin: don't dream summit will solve euro crisis (yesterday)

I only know they got a plan to make a plan

  • #3,585
  • Oct 19, 2011 3:01am Oct 19, 2011 3:01am
Hmm. Price stalled. It freakes me out a bit, to be honest. Especially, as I am unable to change any sell limit nor jump in during next 7-8 hours .

BTW, this fake report did not act very bad for EUR overall very, very weird... Are we going to see 1.40 as short entry? Don't see that much potential, but bulls and "invisible QE" have already shown that their potential should not be underestimated...
  • #3,586
  • Oct 19, 2011 3:02am Oct 19, 2011 3:02am
Quoting FXMindset
Well,See a lot hard emotion in this thread today
I tried a small short from 1.3801 earlier. Got stopped out with a pip and a bit of profit. Not looking like a bear market today so I am on the side for now.
Looking at the equities and commodities, they are flat. But the important thing to notice is that the financial stocks are not dropping. The air is mixed with hope and gloom.
I expect indecision today but I am not indecisive. I am deciding to stay out. ;D
I want to see if we break 1.3850 and trigger those buy stop orders waiting above, coz based on M1 and M5 PA, it doesn't seem that the sell limit orders are making any difference.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,587
  • Oct 19, 2011 3:04am Oct 19, 2011 3:04am
TP reached + 30 pips.. that means. I made 200 pips today. Great. No emotions involved (yuupi) haha lol

Pbh
  • #3,588
  • Oct 19, 2011 3:07am Oct 19, 2011 3:07am
Quoting Pbh
TP reached + 30 pips.. that means. I made 200 pips today. Great. No emotions involved (yuupi) haha lol

Pbh
Congrats P. Well done
Those who say it cannot be done should not interrupt those who are doing it
  • #3,589
  • Oct 19, 2011 3:11am Oct 19, 2011 3:11am
Quoting PipTrapper
Congrats P. Well done
Will wait for MPC voting minutes now

I hope they give us a rate cut or something. Normally, the king does nothing... but what can we expect? their economy is really bad (best word to describe it).

Any expectations PT?
  • #3,590
  • Oct 19, 2011 3:17am Oct 19, 2011 3:17am
Quoting Pbh
Will wait for MPC voting minutes now

I hope they give us a rate cut or something. Normally, the king does nothing... but what can we expect? their economy is really bad (best word to describe it).

Any expectations PT?
They've already launched a QE program and their rate is already 0.5%
The rate announcement has already been made.
What is being released is the minutes from the meeting.
This gives us a glimpse of what may have been discussed and how they voted.


Add: Some links

Last month's minutes

This month's decision
Those who say it cannot be done should not interrupt those who are doing it
  • #3,591
  • Oct 19, 2011 3:18am Oct 19, 2011 3:18am
Quoting Pbh
Is that true? am I looking to heaven? lol. Great work

Pbh
yet one more...
Kill the ego, or it will kill the mission.
  • #3,592
  • Oct 19, 2011 3:19am Oct 19, 2011 3:19am
Quoting Pbh
"According to EU officials, no deal has yet been reached to scale up the size of the Eurozone bailout fund" (today)

German finance minister: EU summit will not present final solution for crisis (yesterday)

Berlin: don't dream summit will solve euro crisis (yesterday)

I only know they got a plan to make a plan

Why do I always think of the 1930s/40s and a certain little austrian fella when germans talk of "final solutions"....

... "dis vill be ze final solution..."
  • #3,593
  • Oct 19, 2011 3:19am Oct 19, 2011 3:19am
Quoting Pbh
Will wait for MPC voting minutes now

I hope they give us a rate cut or something. Normally, the king does nothing... but what can we expect? their economy is really bad (best word to describe it).

Any expectations PT?
I would think the key thing to look for was their discussion on inflation. They seem to think that inflation will come down. Not likely unless the UK economy or the global economy collapses. So what is their outlook?
Kill the ego, or it will kill the mission.
  • #3,594
  • Oct 19, 2011 3:22am Oct 19, 2011 3:22am
Quoting Pbh
TP reached + 30 pips.. that means. I made 200 pips today. Great. No emotions involved (yuupi) haha lol

Pbh

Your post just cracked me up, thanks for that
  • #3,595
  • Oct 19, 2011 3:26am Oct 19, 2011 3:26am
Quoting Pbh
"According to EU officials, n...
Y, y, they have a plan. Final solution is = wait untill we find a solution. Fool posted it few pages ago (If I remember right). Delaying is the best thing EU can do now, as when Asia is selling USD, EUR drives up.

T.
"I know one thing, that I know nothing." Sokrates
  • #3,596
  • Oct 19, 2011 3:28am Oct 19, 2011 3:28am
US Dollar Back Under Pressure into Wednesday; Markets Choppy


- Markets well bid early Wednesday despite denial of EFSF story
- Moody’s downgrades Spain more aggressively than others
- Earnings from tech giant Apple disappoint
- Reserve diversification could be source of USD selling

ADD: This analysis is written by Joel Kruger at DailyFx.com I find his analysis free of bias and quite accurate 95% of the time.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,597
  • Oct 19, 2011 3:28am Oct 19, 2011 3:28am
Quoting Pbh
TP reached + 30 pips.. that means. I made 200 pips today. Great. No emotions involved (yuupi) haha lol

Pbh


Only +10 over target for me (not sure whether to be happy, that I got it close, or happier for you cos you got a nice suprise)

On the plus side, at least my optimistic pending short kicked at 3831 in just before I woke up
  • #3,598
  • Oct 19, 2011 3:36am Oct 19, 2011 3:36am
MPC voting minutes:

Vote: 0 0 9 ----- In other words, 9 people voted to keep the rate unchanged

they're talking about more QE, bad GDP, big uncertainty

Asset purchase facility (QE), everyone voted for increasing it, the ammount will be decided between 50 blln GBP to 100 blln GBP.

Inflation target is 2.0% in the long-run...

Pretty bearish, but there's no big reaction.. therefore, no trade

Pbh

EDIT: Crash coming soon
  • #3,599
  • Oct 19, 2011 3:40am Oct 19, 2011 3:40am
Quoting PipTrapper
I tried a small short from 1.3801 earlier. Got stopped out with a pip and a bit of profit. Not looking like a bear market today so I am on the side for now.
Looking at the equities and commodities, they are flat. But the important thing to notice is that the financial stocks are not dropping. The air is mixed with hope and gloom.
I expect indecision today but I am not indecisive. I am deciding to stay out. ;D
I want to see if we break 1.3850 and trigger those buy stop orders waiting above, coz based on M1 and M5 PA, it doesn't seem that the...
Nice one mate
am still hold my long with stop @ 1.3720 target 1.40
If there was easy money lying around,no one would be forcing it into your
  • #3,600
  • Oct 19, 2011 3:42am Oct 19, 2011 3:42am
Quoting Pbh
EDIT: Crash coming soon
Yes - this is what Im working to:
http://www.forexfactory.com/showthre...36#post5051736

(I had to since adjust the tops up a little, but it playing out nicely so far.)

But place it in the context of this possible long term W1 play out as well as we may be in for a revist of 1.45 or so after a quick dip to 1.35.

(Never been one for patterns, but seem to be getting alot of these showing up at the moment and they have been serving me well recently...)
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