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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #6,921
  • Nov 1, 2011 10:47am Nov 1, 2011 10:47am
Quoting PipTrapper
Winter is near. Everyone is heading south



best humour of the day ! thanks !
  • #6,922
  • Nov 1, 2011 10:49am Nov 1, 2011 10:49am
Quoting AaronWard
uh...do you know what bears do in the winter...
Yep. They go to their den and log in to their trading platform and put a sign on the door that says
"Bear hibernating... Disturb at your own risk"
Those who say it cannot be done should not interrupt those who are doing it
  • #6,923
  • Nov 1, 2011 10:50am Nov 1, 2011 10:50am
Quoting PipTrapper
Yep. They go to their den and log in to their trading platform and put a sign on the door that says
"Bear hibernating... Disturb at your own risk"
Oh, I was thinking that they move south with everybody else, but that they get to fly first class.
Kill the ego, or it will kill the mission.
  • #6,924
  • Nov 1, 2011 10:50am Nov 1, 2011 10:50am
Quoting PipTrapper
Winter is near. Everyone is heading south
Except $cad which is on a tear north. I think we may see $E follow very soon. Mabey when European markets close.

Mabey Canadian Pacific will loan us one of these to clear the southbound tracks.
Inserted Video
I don't care which way the market is going as long as it's going my way
  • #6,925
  • Nov 1, 2011 10:55am Nov 1, 2011 10:55am
Quoting PipKiller
Except $cad which is on a tear north. I think we may see $E follow very soon. Mabey when European markets close.
Possible, but I think it is more likely to range after Europe close and then maybe head a bit north for Asian session when the BOJ intervenes again but this time buys EUR instead of USD

Just a thought
Those who say it cannot be done should not interrupt those who are doing it
  • #6,926
  • Nov 1, 2011 10:59am Nov 1, 2011 10:59am
Quoting PipTrapper
If you know something I don't, please share it. Otherwise my opinion is that you're best to save your capital and scratch that idea of going long.
Greek gov emergency meeting is to start, with possible positive outcome, that is my personal opinion
As Above, So Below
  • #6,927
  • Nov 1, 2011 11:02am Nov 1, 2011 11:02am
Quoting tashkent
Greek gov emergency meeting is to start, with possible positive outcome, that is my personal opinion
Well, there certainly exists a possibility that Papandreo will decide to scrap the referendum idea, but I really don't think he can reverse all that now that the people are expecting it. His only alternative option now will be to resign.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,928
  • Nov 1, 2011 11:05am Nov 1, 2011 11:05am
Quoting PipTrapper
Well, there certainly exists a possibility that Papandreo will decide to scrap the referendum idea, but I really don't think he can reverse all that now that the people are expecting it. His only alternative option now will be to resign.
Or perhaps (but highly unlikely) Greece may be faced with no alternative but to go back to the Drachma.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,929
  • Nov 1, 2011 11:08am Nov 1, 2011 11:08am
Banks Reaffirm Commitment to Greek Debt Deal
http://wallstcheatsheet.com/stocks/b...ebt-deal.html/

GET READY: Analysts Sound Off On The FOMC Meeting
http://www.businessinsider.com/fomc-...review-2011-11
As Above, So Below
  • #6,930
  • Nov 1, 2011 11:36am Nov 1, 2011 11:36am
now the line is on fib 38.2%. to be sure that uptrend is definitely over the price should test 50% which is 1.3845, that also may form the right shoulder. that would be done beautifully according to all rules
As Above, So Below
  • #6,931
  • Nov 1, 2011 11:39am Nov 1, 2011 11:39am
Just went short 3709, crossing my fingers ...
  • #6,932
  • Nov 1, 2011 11:42am Nov 1, 2011 11:42am
Quoting nyfx718
Just went short 3709, crossing my fingers ...
Resistance is 1,372x at least...you should have waited that area in my opinion.
But i'm hoping for a break of it, and a move back to 1,378x...then 1,397x soon...time will tell
COT: The precious data ignored
  • #6,933
  • Nov 1, 2011 11:45am Nov 1, 2011 11:45am
I am about to get heart attack . Need to stay away from the screen.

DIET: old chart again sry.
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"I know one thing, that I know nothing." Sokrates
  • #6,934
  • Nov 1, 2011 11:46am Nov 1, 2011 11:46am
I picked my spot based on the 5 minute stochastic (been much more accurate of late over the 10 minute stochastic because of all the volatility), it was in overbought conditions. And price was slightly above the 50/60 period sma. Let's see what happens. Hoping for the best and at least a 50 pip cascade down or better yet, right back to 3600 level. Would like to see 3550 like that other poster wants, but 150 pips is a long way to fall in 2 to 3 hours.


EDIT: Set a stop right at breakeven just in case you right.

Quoting kuroro001
Resistance is 1,372x at least...you should have waited that area in my opinion.
But i'm hoping for a break of it, and a move back to 1,378x...then 1,397x soon...time will tell
  • #6,935
  • Nov 1, 2011 11:53am Nov 1, 2011 11:53am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
I certainly believe this fall is over - we have quite clear H/S formation. And also some good news spreading out. Now it is retracement for fall. Analysts say it will rise up to 1.397 but we'll see.

My shorts are down.
  • #6,936
  • Nov 1, 2011 12:09pm Nov 1, 2011 12:09pm
Quoting AFXFin
My shorts are down.
So this is a situation good situation for taking your pants off?
  • #6,937
  • Nov 1, 2011 12:11pm Nov 1, 2011 12:11pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting JLinder
So this is a situation good situation for taking your pants off?
Only my wife can ask me to do that, pal. Sorry.
  • #6,938
  • Nov 1, 2011 12:17pm Nov 1, 2011 12:17pm
m30 demand level on euro sterling, and on daily elliptical trend-line hold i am long till previous support possible becoming next resistance level. it is in a nice big range, and i presume with more deteriorating euro news, it would drop possibly after a retest. we got the cycle tommorow and its bearish now, so i believe for now i am correct. FOR now.

hows euro doing? i was gone and didnt notice much change, can anyone show me a before-after charts if they have any?

thanx

btw i saw the negative US data.
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Have I got something on my face, SOLDIER?
  • #6,939
  • Nov 1, 2011 12:30pm Nov 1, 2011 12:30pm
Quoting kuroro001
Resistance is 1,372x at least...you should have waited that area in my opinion.
But i'm hoping for a break of it, and a move back to 1,378x...then 1,397x soon...time will tell
It was about time for this sweet resistance.
Let's see how it goes inside it...a failure to hold inside and we go back to 1,365x-6x
Otherwise it's 1,378x if it holds and bounce inside....psychology wants higher price
COT: The precious data ignored
  • #6,940
  • Nov 1, 2011 12:37pm Nov 1, 2011 12:37pm
CNBC TV reporting Greek socialist party saying refferendum vote is "basicly dead"

I'm out flat on $E stop @ BE hit
I don't care which way the market is going as long as it's going my way
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