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EurAnalysis Kindergarten 24 replies

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  • #7,261
  • Nov 3, 2011 4:12am Nov 3, 2011 4:12am
I think we have great news.. Cutting out Greece?? That'll save a lot, but I dont know if it may change the game totally..

And it seems Papandreou is losing the majority.. They tried to pull another trojan horse, I guess , this time thy got caught
  • #7,262
  • Nov 3, 2011 4:24am Nov 3, 2011 4:24am
M15 chart.. A bullish flag fell apart. Now back where we left off??
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  • #7,263
  • Nov 3, 2011 4:24am Nov 3, 2011 4:24am
Quoting PipTrapper
There are a few reasons and I cannot elaborate due to my limited drug induced mental capacity, but the main one I can tell you is that it will be seen by the market as a sign that the ECB is willing to be the backstop for the crisis. That will have a huge impact on confidence.
thanks
Kill the ego, or it will kill the mission.
  • #7,264
  • Nov 3, 2011 4:44am Nov 3, 2011 4:44am
I took some time to redraw all the channels on my daily chart.
This configuration fits much better than the last one.
If I am correct, strictly from a technical perspective, we are heading higher.

Any thoughts?

ADD: Just to be clear, I am suggesting we may head back up to 1.39xx to create a right shoulder before heading lower.

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #7,265
  • Nov 3, 2011 4:53am Nov 3, 2011 4:53am
Quoting PipTrapper
I took some time to redraw all the channels on my daily chart.
This configuration fits much better than the last one.
If I am correct, strictly from a technical perspective, we are heading higher.

Any thoughts?

ADD: Just to be clear, I am suggesting we may head back up to 1.39xx to create a right shoulder before heading lower.
.
the market is extremely bullish... up 120 pips in little more than an hour. On the hourly chart you see a very clear bear flag... the third leg up should be completed at about 1.3900...
Kill the ego, or it will kill the mission.
  • #7,266
  • Nov 3, 2011 4:53am Nov 3, 2011 4:53am
Quoting PipTrapper
I took some time to redraw all the channels on my daily chart.
This configuration fits much better than the last one.
If I am correct, strictly from a technical perspective, we are heading higher.

Any thoughts?

.
As long 1.3650 hold I think we would going higher but am see that we might possible form H&S Daily
The Daily trend of support seem valid now
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If there was easy money lying around,no one would be forcing it into your
  • #7,267
  • Nov 3, 2011 5:00am Nov 3, 2011 5:00am
Hmmm 100% return sounds enticing. I think I'll buy some Greek bonds

Greek Two-Year Note Yield Rises to More Than 100% Ahead of Euro Referendum

Greek two-year note yields climbed to more than 100 percent for the first time amid concern the nation may default on its outstanding government debt.
The yield on the 4 percent security maturing in August 2013 rose 516 basis points, or 5.16 percentage points, to 101.84 percent at 8:36 a.m. London time, the most since Bloomberg began compiling the data in 1998. The price fell 1.40, or 14.0 euros per 1,000-euro ($1,371) to 31.2 percent of face value.

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Those who say it cannot be done should not interrupt those who are doing it
  • #7,268
  • Nov 3, 2011 5:03am Nov 3, 2011 5:03am
Quoting AaronWard
the market is extremely bullish... up 120 pips in little more than an hour. On the hourly chart you see a very clear bear flag... the third leg up should be completed at about 1.3900...
By the time Draghi starts speaking, it wold have hit 1.39
Perhaps a perfect time to short?

.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,269
  • Nov 3, 2011 5:06am Nov 3, 2011 5:06am
1.39 too high IMO, I'll start shorting @ around 1.380/85.

What'd you think about Greece leaving EU? That would boost Euro majorly isn't it? Greece will be in a dump for several decades or so paying back all debt to the EZ though.

Quoting PipTrapper
I took some time to redraw all the channels on my daily chart.
This configuration fits much better than the last one.
If I am correct, strictly from a technical perspective, we are heading higher.

Any thoughts?

ADD: Just to be clear, I am suggesting we may head back up to 1.39xx to create a right shoulder before heading lower.

.
  • #7,270
  • Nov 3, 2011 5:17am Nov 3, 2011 5:17am
Quoting PipTrapper
By the time Draghi starts speaking, it wold have hit 1.39
Perhaps a perfect time to short?

.
This is a USD inspired move... Euro is only up slightly against other currencies.
Kill the ego, or it will kill the mission.
  • #7,271
  • Nov 3, 2011 5:19am Nov 3, 2011 5:19am
Quoting jeff_b
1.39 too high IMO, I'll start shorting @ around 1.380/85.

What'd you think about Greece leaving EU? That would boost Euro majorly isn't it? Greece will be in a dump for several decades or so paying back all debt to the EZ though.
1.3850 is approx a 38.2% retrace of the move down from the 27 Oct high
1.3925 is 50% and 1.40 is 61.8%

Todays R2 resistance is 1.3898

Tough call. I guess we'll have to see what PA and headlines tell us.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,272
  • Nov 3, 2011 5:20am Nov 3, 2011 5:20am
Quoting jeff_b
1.39 too high IMO, I'll start shorting @ around 1.380/85.

What'd you think about Greece leaving EU? That would boost Euro majorly isn't it? Greece will be in a dump for several decades or so paying back all debt to the EZ though.
1.39 reasonable
If there was easy money lying around,no one would be forcing it into your
  • #7,273
  • Nov 3, 2011 5:21am Nov 3, 2011 5:21am
Quoting AaronWard
This is a USD inspired move... Euro is only up slightly against other currencies.
Aaron. It is a Risk-On / Risk-Off scenario. Think global picture, and it is driven by the European situation.
Therefore it appears to be a USD inspired move if you only look at the charts.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,274
  • Nov 3, 2011 5:22am Nov 3, 2011 5:22am
Quoting PipTrapper
1.3850 is approx a 38.2% retrace of the move down from the 27 Oct high
1.3925 is 50% and 1.40 is 61.8%

Todays R2 resistance is 1.3898

Tough call. I guess we'll have to see what PA and headlines tell us.
Hi Friends,

Do you know how to change our username in the forum?I tried email FF several time but no responded -


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #7,275
  • Nov 3, 2011 5:23am Nov 3, 2011 5:23am
Quoting jeff_b
1.39 too high IMO, I'll start shorting @ around 1.380/85.

What'd you think about Greece leaving EU? That would boost Euro majorly isn't it? Greece will be in a dump for several decades or so paying back all debt to the EZ though.
I think might damage the EU banking system and cause a run on the bond markets of the other PIIGS.
Kill the ego, or it will kill the mission.
  • #7,276
  • Nov 3, 2011 5:34am Nov 3, 2011 5:34am
Quoting FXMindset
Hi Friends,

Do you know how to change our username in the forum?I tried email FF several time but no responded -


Thanks
It is not possible.
You have to create a new profile, but then you will lose all your vouchers.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,277
  • Nov 3, 2011 5:35am Nov 3, 2011 5:35am
Quoting FXMindset
Hi Friends,

Do you know how to change our username in the forum?I tried email FF several time but no responded -


Thanks
You can't unless you join as a new member. I asked the same question about 3 weeks ago.

You could try sending a message to the FF moderator TWEE if you want confirmation.

This is a copy of my email.

Hi Aaron,

Thank you for the inquiry but unfortunately you have too many posts for us to change your username. Thank you for your understanding.

Cheers and trade well,

Twee

Twee
Moderator
Kill the ego, or it will kill the mission.
  • #7,278
  • Nov 3, 2011 5:39am Nov 3, 2011 5:39am
Quoting AaronWard
You can't unless you join as a new member. I asked the same question about 3 weeks ago.

You could try sending a message to the FF moderator TWEE if you want confirmation.

This is a copy of my email.

Hi Aaron,

Thank you for the inquiry but unfortunately you have too many posts for us to change your username. Thank you for your understanding.

Cheers and trade well,
...
Hello Aaron,

Many thanks for the assist,Thats help answer my questions
If there was easy money lying around,no one would be forcing it into your
  • #7,279
  • Nov 3, 2011 5:40am Nov 3, 2011 5:40am
Quoting PipTrapper
Aaron. It is a Risk-On / Risk-Off scenario. Think global picture, and it is driven by the European situation.
Therefore it appears to be a USD inspired move if you only look at the charts.
Yeah, I see. But I just don't get it... how could a collapse of the Greek government be better than a simple referendum?
Kill the ego, or it will kill the mission.
  • #7,280
  • Nov 3, 2011 5:40am Nov 3, 2011 5:40am
Quoting PipTrapper
It is not possible.
You have to create a new profile, but then you will lose all your vouchers.
Wow,Thats hurt ~
Thanks for the answer PT
If there was easy money lying around,no one would be forcing it into your
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