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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #7,301
  • Nov 3, 2011 7:32am Nov 3, 2011 7:32am
Quoting PipTrapper
The market movers are yet to come and I believe they will give us our long awaited shorting opportunity. In the meantime, we are getting a higher price to short at. So, it's all good
Moving in position... trajectory optimal... steady, steady... :nerd:

  • #7,302
  • Nov 3, 2011 7:36am Nov 3, 2011 7:36am
So that's it, Greece PM resigns, no more referendum, EU bails Greece out. 1.382 holds so far.
  • #7,303
  • Nov 3, 2011 7:38am Nov 3, 2011 7:38am
Jobless Claims Fall by 9,000 to 397,000

Quoting PipTrapper
US Jobless claims report coming up in a couple of minutes.
Expecting 401K vs 402K last week.
If it comes in at or below 401K, expect a further push up into bear celebration territory.

.
http://www.youtube.com/watch?v=3GwjfUFyY6M&ob=av3e
It's easy to be humbled but hard to be humble.
  • #7,304
  • Nov 3, 2011 7:41am Nov 3, 2011 7:41am
Quoting FXMindset
Not clear yet sweety
But am short @ 1.3645
and Long @ 1.3660

Bring it On
Btw,Long closed @ 1.3810 for 150 Pips - Flat again now
If there was easy money lying around,no one would be forcing it into your
  • #7,305
  • Nov 3, 2011 7:42am Nov 3, 2011 7:42am
Decent read for anyone trading equities!
http://www.zerohedge.com/news/citi-b...move-1000-1015
  • #7,306
  • Edited 8:03am Nov 3, 2011 7:45am | Edited 8:03am
FIESTA! rates lowered!!! (1.25%) (FF calendar)

EDIT: Ouch. instead of posting happy news I should have put trailing stop on my short... and now got stopped at BE xD

ADD: managed to reenter... Yet still I feel soooo dumb Note: always set a TP for your scalping trades.

ADD2: sorry, got overexcited. Need to learn, to control myself better when price jumps 50 pips in my direction
  • #7,307
  • Nov 3, 2011 7:48am Nov 3, 2011 7:48am
Damn, I didn't notice there's a EUR news, there was over 1000 trades/min over here and the price spiked by 50 pips or something. I totally missed it. Is this the beginning of the end?
  • #7,308
  • Nov 3, 2011 7:53am Nov 3, 2011 7:53am
Quoting jeff_b
Damn, I didn't notice there's a EUR news, there was over 1000 trades/min over here and the price spiked by 50 pips or something. I totally missed it. Is this the beginning of the end?
means?
If there was easy money lying around,no one would be forcing it into your
  • #7,309
  • Nov 3, 2011 7:56am Nov 3, 2011 7:56am
Quoting RodMca
Decent read for anyone trading equities!
http://www.zerohedge.com/news/citi-b...move-1000-1015

good read - thanks RodMca
patience is a virtue
  • #7,310
  • Nov 3, 2011 7:56am Nov 3, 2011 7:56am
Okay, I closed my shorts for some profit, for sure it is too early, but I got overexcited and am incapable of making reasonable decisions...
  • #7,311
  • Nov 3, 2011 7:57am Nov 3, 2011 7:57am
End of EZ IMO. Will be one hell of a ride for the EU.

Quoting FXMindset
means?
  • #7,312
  • Nov 3, 2011 7:58am Nov 3, 2011 7:58am
Quoting jeff_b
Damn, I didn't notice there's a EUR news, there was over 1000 trades/min over here and the price spiked by 50 pips or something. I totally missed it. Is this the beginning of the end?
Jeff

Where are you that there are a 1000 trades a min?
Kill the ego, or it will kill the mission.
  • #7,313
  • Nov 3, 2011 8:00am Nov 3, 2011 8:00am
Quoting Blobik
Okay, I closed my shorts for some profit, for sure it is too early, but I got overexcited and am incapable of making reasonable decisions...
I warned everyone yesterday that a rate cut might be positive for this pair just by virtue of the fact that it would induce a risk-on scenario and therefore be USD negative.
Now we see what Draghi has to say.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,314
  • Nov 3, 2011 8:01am Nov 3, 2011 8:01am
Is sth wrong with me, or the fact that ECB lowered rates to by .25 pct is not that important

I don't get why EUR got up so quickly ... Shouldn't it start dropping... a little at least ? Not like 80 pips down, 80 pips up?

Oh, already answered

So it's good I closed 'em
  • #7,315
  • Nov 3, 2011 8:01am Nov 3, 2011 8:01am
LMAX. 1st minute 1096, 2nd 960, 3rd 711, 4th 748.

Quoting AaronWard
Jeff

Where are you that there are a 1000 trades a min?
  • #7,316
  • Nov 3, 2011 8:03am Nov 3, 2011 8:03am
Quoting PipTrapper
I warned everyone yesterday that a rate cut might be positive for this pair just by virtue of the fact that it would induce a risk-on scenario and therefore be USD negative.
Now we see what Draghi has to say.
Yes, but the possibility that this is just the first rate cut of possibly two consecutive rate cuts will not be. Euro spike sold off, then thought about it, and now working its way back down like a good little girl.

Plus, the exuberance that they Papawhocares to resign, leaves them with a "now what?" scenario. Maybe they can avoid the referendum, but the other parties are more hostile to the deal than this government was. Reality may be biting.
  • #7,317
  • Nov 3, 2011 8:03am Nov 3, 2011 8:03am
Whew...... That was a nice ride I caught 50 pip on that one!
  • #7,318
  • Nov 3, 2011 8:03am Nov 3, 2011 8:03am
See attachment.
Attached Image (click to enlarge)
Click to Enlarge Name: trades.jpg Size: 130 KB
  • #7,319
  • Nov 3, 2011 8:05am Nov 3, 2011 8:05am
Quoting Blobik
Is sth wrong with me, or the fact that ECB lowered rates to by .25 pct is not that important

I don't get why EUR got up so quickly ... Shouldn't it start dropping... a little at least ? Not like 80 pips down, 80 pips up?

Oh, already answered

So it's good I closed 'em
Just to be clear, a rate cut is in fact EUR negative but not EUR/USD negative while in a risk-on mode. I know it's a paradox but hey, them the brakes.
However, to put a bit of a bearish spin on it, now that the rate is lower, any market negative news will drive the Euro lower.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,320
  • Nov 3, 2011 8:05am Nov 3, 2011 8:05am
US futures up sharply while Euro continues sell off. Good call PT that the rate cut might end the tight pattern lock between US equities and the EURUSD.
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