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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #7,661
  • Nov 4, 2011 7:51am Nov 4, 2011 7:51am
+30 pips so far with Obama speaking


Hmmmm... Nobody must be listening to him
I don't care which way the market is going as long as it's going my way
  • #7,662
  • Nov 4, 2011 7:52am Nov 4, 2011 7:52am
"President Obama at G20 Meeting: 'Europe Has the Capacity to Meet This Challenge' (Story Developing)" what story lol

Quoting PipKiller
+30 pips so far with Obama speaking


Hmmmm... Nobody must be listening to him
It's easy to be humbled but hard to be humble.
  • #7,663
  • Nov 4, 2011 7:53am Nov 4, 2011 7:53am
Quoting AaronWard
Pbh... you need to be very careful about jumping in against a falling knife. I know the last couple of days have been strange... but typically something that is falling that fast will cut right through the first major resistance and then grind its way lower through a few more minor resistances. Also most falls will have two legs down... you jumped in on the first one...
Thanks, I will definately take it into consideration. Specially on Fridays
  • #7,664
  • Nov 4, 2011 7:55am Nov 4, 2011 7:55am
Quoting Pbh
I don't think it will break it
Oh, yes, it will. They always break. Not a matter of if but when and how we position ourselves for break. If this breaks as I posted earlier we go all the way to 1.3607 for a test lower.

If not, then....

If we go higher, I'll book profits, re-evaluate and look for another entry.
  • #7,665
  • Nov 4, 2011 7:57am Nov 4, 2011 7:57am
Quoting Pbh
Thanks, I will definately take it into consideration. Specially on Fridays
Have you looked at the thread "trading with deadly accuracy" on FF?
Kill the ego, or it will kill the mission.
  • #7,666
  • Nov 4, 2011 7:58am Nov 4, 2011 7:58am
Quoting PipKiller
+30 pips so far with Obama speaking


Hmmmm... Nobody must be listening to him
Give it a few mins - people should start getting bored and go back to trading with their 'the end is nigh' placards soon...
  • #7,667
  • Nov 4, 2011 7:59am Nov 4, 2011 7:59am
Quoting fxrising
"President Obama at G20 Meeting: 'Europe Has the Capacity to Meet This Challenge' (Story Developing)" what story lol
Translation.

We're with Hu and we ain't buying those AAA "special" toilet paper EFSF bonds you're trying to pawn off on China, Russia and Brazil either.
I don't care which way the market is going as long as it's going my way
  • #7,668
  • Nov 4, 2011 8:01am Nov 4, 2011 8:01am
Quoting fxrising
"President Obama at G20 Meeting: 'Europe Has the Capacity to Meet This Challenge' (Story Developing)" what story lol
Does dealing with wayward presidents the old fashioned way count as insider trading?
  • #7,669
  • Nov 4, 2011 8:13am Nov 4, 2011 8:13am
But since it makes no sense, I am starting to trade against all worldly wisdom and knowledge because using it has lost me money. I am in a snipe long thinking the US stock market will rally some this afternoon on short covering and the EURUSD will hop back up to the 1.377 pivot area. After that, Lord knows, but that is my strategery right now. It is also about where the pivot should meet the m15 middle bollinger band and the 1h middle bollinger.

Again, I cannot even recommend myself to follow my advice. If I were betting the S&P, I am gold. The EURO, fracking thing I suck. So since to me it looks like 1.367 should be next, it won't be.
  • #7,670
  • Nov 4, 2011 8:15am Nov 4, 2011 8:15am
Well so far the situation, my position still holds, but there was a moment when I thought that the market could unfold.

How are you?
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  • #7,671
  • Nov 4, 2011 8:29am Nov 4, 2011 8:29am
Quoting Smart man
Well so far the situation, my position still holds, but there was a moment when I thought that the market could unfold.

How are you?
To me it starting to look like it might be going AWOL and soon jump the fence...

Also were gett8ing close to friday doldrums. If it aint touched down in half an hour, grabbing my loot and running as i guess the week will close at 3735 or so.
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  • #7,672
  • Nov 4, 2011 8:49am Nov 4, 2011 8:49am
20 pips back, 40 missing
  • #7,673
  • Nov 4, 2011 9:09am Nov 4, 2011 9:09am
G20 is a dud – why are we ever surprised?

The G20 is already receding with a whimper with hardly a development. In Greece, it’s “Should I stay or should I go?” time for Papandreou. The US employment report was a sideshow as the Euro crisis still burns brightly.

There’s not a lot for the risk bulls to build on today after the G-20 developments provided virtually nothing for the EU to go on from here. Germany’s Merkel was out saying there was no agreement on how to expand IMF resources, though there was a “framework” agreed between the IMF and the EFSF which would likely allow the IMF to channel whatever available resources it has on hand directly to the EFSF. Merkel tried to raise hopes that there may be more money heading the EFSF’s way as she indicated that potential investors are waiting for detailed rules. Hmmm. Otherwise, the G-20 noise was on allowing markets to set currencies (while praise was offered to China and Russia on this front), tax havens, etc., etc…. Yet another unwieldy G20… Read More good stuff here
Those who say it cannot be done should not interrupt those who are doing it
  • #7,674
  • Nov 4, 2011 9:17am Nov 4, 2011 9:17am
Traded 1.3758 in for 12 pips on the first rejection, and will wait for 1.3770.

They are blah, blah on CNBC about Greece.
Just get me a GYRO!
  • #7,675
  • Nov 4, 2011 9:23am Nov 4, 2011 9:23am
IMF going to monitor Italy! Go sit in corner and no cookies for you at playtime!

Wow are the European countries other than Germany slowly becoming 3rd world?
No problem, Ben will find a way to devalue dollar and prop Euro for trade..... after all its just pretty paper, and we can print more.

The frustration is that circumstances are more dire than they were in summer of 2010.

These CB's are really messing up my timeline for retirement!
  • #7,676
  • Nov 4, 2011 9:23am Nov 4, 2011 9:23am
Quoting Gofer Pips
Traded 1.3758 in for 12 pips on the first rejection, and will wait for 1.3770.

They are blah, blah on CNBC about Greece.
Just get me a GYRO!
A Gyro may very well be a great cure for constipation.
Perhaps it would be better to serve all the G20 leaders one or two each as a suppository and see how much more drivel comes out of them. That way, perhaps the market can make a final judgement and short this PIIG of a currency.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,677
  • Nov 4, 2011 9:27am Nov 4, 2011 9:27am
Quoting Gofer Pips
IMF going to monitor Italy! Go sit in corner and no cookies for you at playtime!

Wow are the European countries other than Germany slowly becoming 3rd world?
No problem, Ben will find a way to devalue dollar and prop Euro for trade..... after all its just pretty paper, and we can print more.

The frustration is that circumstances are more dire than they were in summer of 2010.

These CB's are really messing up my timeline for retirement!
Wait... looks like the M5 chart is trying to complete wave 5 of the possible bear flag all the way up to daily pivot @ 1.3770/80 area
Those who say it cannot be done should not interrupt those who are doing it
  • #7,678
  • Nov 4, 2011 9:33am Nov 4, 2011 9:33am
Quoting PipTrapper
Wait... looks like the M5 chart is trying to complete wave 5 of the possible bear flag all the way up to daily pivot @ 1.3770/80 area
The crash came when the Dow came on line... and the movement matches the dow very, very closely.
Kill the ego, or it will kill the mission.
  • #7,679
  • Nov 4, 2011 9:35am Nov 4, 2011 9:35am
Quoting PipTrapper
Wait... looks like the M5 chart is trying to complete wave 5 of the possible bear flag all the way up to daily pivot @ 1.3770/80 area
Guy on CNBC said he held no EURUSD positions as it was too hard to analyze.

He must have gotten some cheap bucks from the fed and loaned them back to government for small return. He's just

  • #7,680
  • Nov 4, 2011 9:36am Nov 4, 2011 9:36am
I, for one, can feel your pain and frustration. The best trading system I could recommend right now is for everyone on this forum to take a position opposite of mine. If I could make an EA out of this I would make a mint selling it and the buyers would all be rejoicing...lol.

Quoting ntrprz
But since it makes no sense, I am starting to trade against all worldly wisdom and knowledge because using it has lost me money. I am in a snipe long thinking the US stock market will rally some this afternoon on short covering and the EURUSD will hop back up to the 1.377 pivot area. After that, Lord knows, but that is my strategery right now. It is also about where the pivot should meet the m15 middle bollinger band and the 1h middle bollinger.

Again, I cannot even recommend myself to follow my advice. If I were betting the S&P, I am gold. The...
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