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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #5,601
  • Oct 26, 2011 8:26pm Oct 26, 2011 8:26pm
What the hell just happened? USD got dumped massively or there's news I missed?
  • #5,602
  • Oct 26, 2011 8:26pm Oct 26, 2011 8:26pm
Okay, I got awakened. Can anyone explain, what the heck was that??

Hmm, took profit on that trade. Set up a new limit in the same place. When Forex give you "shot money" you don't ask why, you just say "thank you" and run before the market changes mind. It was 2x my normal entry, so earning 25 pips is like earining 50 on normal trade. I wonder If I am just shooting my foot with reentering this sell limit or not. But it is certainly better, than leaving previous trade running free...
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  • #5,603
  • Oct 26, 2011 8:27pm Oct 26, 2011 8:27pm
Quoting jeff_b
What the hell just happened? USD got dumped massively or there's news I missed?
50% haircut approved.

EDIT: Came from EU official, but unconfirmed.. Interesting.
  • #5,604
  • Oct 26, 2011 8:27pm Oct 26, 2011 8:27pm
what just happend:I?
  • #5,605
  • Oct 26, 2011 8:30pm Oct 26, 2011 8:30pm
Quoting vladutz112
what just happend:I?
This:
Private Creditors To Take 50% Cut on Greek Bonds, AP Says

Edit: but hmm that news came after the spike...
  • #5,606
  • Oct 26, 2011 8:32pm Oct 26, 2011 8:32pm
They all agreed on the Bald look as in yeah right !!! The banks have to agree not them so I would short this nonsense. D'ont follow my lead though.
  • #5,607
  • Oct 26, 2011 8:33pm Oct 26, 2011 8:33pm
Quoting JLinder
This:
Private Creditors To Take 50% Cut on Greek Bonds, AP Says

Edit: but hmm that news came after the spike...
Like I said, its called frontrunning... These markets are efficient... pricing in before things are public
  • #5,608
  • Oct 26, 2011 8:34pm Oct 26, 2011 8:34pm
Quoting knoholygrail
They all agreed on the Bald look as in yeah right !!! The banks have to agree not them so I would short this nonsense. D'ont follow my lead though.
Greek parliament will still have to vote on it.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,609
  • Oct 26, 2011 8:35pm Oct 26, 2011 8:35pm
Quoting PipTrapper
Greek parliament will still have to vote on it.
Do they have a choice?
  • #5,610
  • Oct 26, 2011 8:35pm Oct 26, 2011 8:35pm
Quoting knoholygrail
They all agreed on the Bald look as in yeah right !!! The banks have to agree not them so I would short this nonsense. D'ont follow my lead though.
I'm already bald. I want a mullet.
I don't care which way the market is going as long as it's going my way
  • #5,611
  • Oct 26, 2011 8:35pm Oct 26, 2011 8:35pm
Second sell limit missed by less than a pip
  • #5,612
  • Oct 26, 2011 8:37pm Oct 26, 2011 8:37pm
Quoting JLinder
This:
Private Creditors To Take 50% Cut on Greek Bonds, AP Says

Edit: but hmm that news came after the spike...
Big money gets news a lot faster than retail does and they pay plenty for superfast feeds too.
I don't care which way the market is going as long as it's going my way
  • #5,613
  • Oct 26, 2011 8:40pm Oct 26, 2011 8:40pm
Quoting Classic5000
Do they have a choice?
Just think. All the Greek pension plans and retirement savings are heavily invested in gov bonds.
They may not have a choice but they still have a vote and they still have to keep their constituents happy if they want to get re-elected. Politics is a dirty game.

Anyway, regardless, this is not a deal to celebrate. We shall see.
1.4000/10 should provide loads of supply.

Also this coincided with HK market open.
Those who say it cannot be done should not interrupt those who are doing it
  • #5,614
  • Oct 26, 2011 8:41pm Oct 26, 2011 8:41pm
In fact there are numerous private chat rooms where people share information on a certain level.. way before it reaches your eyes.
  • #5,615
  • Oct 26, 2011 8:42pm Oct 26, 2011 8:42pm
JP Morgan Techs: Selling EUR/USD for move to 1.2600
I don't care which way the market is going as long as it's going my way
  • #5,616
  • Oct 26, 2011 8:42pm Oct 26, 2011 8:42pm
Quoting PipKiller
Big money gets news a lot faster than retail does and they pay plenty for superfast feeds too.
Or were just about to roll up a right shoulder - W1 - Sept 2010 to present...

1.44 on the cards perhaps?
  • #5,617
  • Oct 26, 2011 8:44pm Oct 26, 2011 8:44pm
Quoting PipKiller
JP Morgan Techs: Selling EUR/USD for move to 1.2600
Strange, because I recently read their report on EUR to be worth 1.41 within 6 month..
  • #5,618
  • Oct 26, 2011 8:48pm Oct 26, 2011 8:48pm
Quoting Khazul
Or were just about to roll up a right shoulder - W1 - Sept 2010 to present...

1.44 on the cards perhaps?
Hmm, this HS lacs a strong uptrend before. There was some upward movement, but it was less than the patterns height.

Eventually, I think that this shoulder should not go above 1.40.
  • #5,619
  • Oct 26, 2011 8:50pm Oct 26, 2011 8:50pm
The picture will be more clear at Frankie open.
I'm going to get some sleep.
Later all
Those who say it cannot be done should not interrupt those who are doing it
  • #5,620
  • Oct 26, 2011 8:50pm Oct 26, 2011 8:50pm
Quoting Classic5000
Strange, because I recently read their report on EUR to be worth 1.41 within 6 month..
When you don't trade, making bold analysis is eeeeeaaaaasyyyy Just like changing mind from time to time. Hah, saying each retracement is a reversal is good too. When you finally get a reversal, then you can say "HAH! seee!? I was right!"
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