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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #8,401
  • Edited 6:00am Nov 9, 2011 5:49am | Edited 6:00am
Quoting Gofer Pips
What TF did you use to enter? Did you enter on break or close of a smaller TF below TL?
4H Break - When Daily not clear - I am using 4H - No more No Less - but my Daily has form the small wave now - thats mean the right shoulder might be form and the down will continues resume especially break 1.36005
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If there was easy money lying around,no one would be forcing it into your
  • #8,402
  • Nov 9, 2011 5:51am Nov 9, 2011 5:51am
Italy Govt Bonds 10 Year Gross Yield 7.39900%

but at least Italy still has "Luna Mezzo Mare"

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Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #8,403
  • Nov 9, 2011 5:51am Nov 9, 2011 5:51am
Quoting PipTrapper
I might just have to settle for that.
However, the week is still young.

Hey I just realized it's hump day
the Italian yield is now over 7.4%.

1.33xx when the US opens?
patience is a virtue
  • #8,404
  • Nov 9, 2011 5:56am Nov 9, 2011 5:56am
Quoting lovepips
the Italian yield is now over 7.4%.

1.33xx when the US opens?
Remember that there are now many beaten down stocks in the US equity markets. They might be seen by fund managers as a huge bargain.
Never underestimate the trigger happy fund managers who are desperate to buy up beaten down stocks just so they can tell their bosses that they did their job... they took risk.

The European markets, however, are a different story.

9:30am EST will tell the story.

Until then, I am not inclined to short this pair yet.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,405
  • Nov 9, 2011 5:57am Nov 9, 2011 5:57am
Quoting lovepips
the Italian yield is now over 7.4%.

1.33xx when the US opens?
That is the mystery question. What will the Americans think after coffee and the brits after lunch. Anyway, dow futures are down by 2%.
Kill the ego, or it will kill the mission.
  • #8,406
  • Nov 9, 2011 5:59am Nov 9, 2011 5:59am
Quoting PipTrapper
Remember that there are now many beaten down stocks in the US equity markets. They might be seen by fund managers as a huge bargain.
Never underestimate the trigger happy fund managers who are desperate to buy up beaten down stocks just so they can tell their bosses that they did their job... they took risk.

The European markets, however, are a different story.

9:30am EST will tell the story.

Until then, I am not inclined to short this pair yet.
Too late. Should I close my positions?

EDIT: LOOK TOP OF PAGE AGAIN
  • #8,407
  • Nov 9, 2011 6:00am Nov 9, 2011 6:00am
CNBC TV playing "The Godfather" theme song
I don't care which way the market is going as long as it's going my way
  • #8,408
  • Nov 9, 2011 6:05am Nov 9, 2011 6:05am
Anyone truly believe that this range is about to break with the US markets wanting to rally into the holiday season?
Yay! Pips for everyone!
  • #8,409
  • Nov 9, 2011 6:09am Nov 9, 2011 6:09am
for the time being i'm not going long or short, going to wait a while and see where it's going. If i don't get in today, there is always tomorrow, and the next day, and the next....
learn by failure,succeed by learning
Aim Small Return Today: 18.8%
  • #8,410
  • Nov 9, 2011 6:15am Nov 9, 2011 6:15am
I hate living in Australia, miss out on all the fun with the London and NY sessions. Trade safe guys I'm going to catch some shut eyes.
  • #8,411
  • Nov 9, 2011 6:17am Nov 9, 2011 6:17am
Quoting Gofer Pips
Too late. Should I close my positions?
I meant at this level. I should have shorted at 1.3840
Those who say it cannot be done should not interrupt those who are doing it
  • #8,412
  • Nov 9, 2011 6:18am Nov 9, 2011 6:18am
Quoting Pipsforall
Anyone truly believe that this range is about to break with the US markets wanting to rally into the holiday season?
s&p futures are down 2.3% - does that give you an idea what the markets want today?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,413
  • Nov 9, 2011 6:18am Nov 9, 2011 6:18am
ok i liked, couldn't resist, just went a .1 long for giggles lol
learn by failure,succeed by learning
Aim Small Return Today: 18.8%
  • #8,414
  • Nov 9, 2011 6:19am Nov 9, 2011 6:19am
Quoting jeff_b
I hate living in Australia, miss out on all the fun with the London and NY sessions. Trade safe guys I'm going to catch some shut eyes.
All you need is a few good trades and you can use the money to move to London where you can trade both sessions without losing any sleep
Those who say it cannot be done should not interrupt those who are doing it
  • #8,415
  • Nov 9, 2011 6:23am Nov 9, 2011 6:23am
Quoting The Fool
s&p futures are down 2.3% - does that give you an idea what the markets want today?
Considering the trigger happy fund managers are probably licking their chops right now at the prospect of grabbing some beaten down equities to add to their portfolio, this chart tells me it might be time for a swing high...

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Those who say it cannot be done should not interrupt those who are doing it
  • #8,416
  • Nov 9, 2011 6:27am Nov 9, 2011 6:27am
Quoting PipTrapper
Considering the trigger happy fund managers are probably licking their chops right now at the prospect of grabbing some beaten down equities to add to their portfolio, this chart tells me it might be time for a swing high...

.
I'm getting the same.. US open usually goes agains early london. And since we have bernanke talking... I would not be surprised to see thes supply zone again (if he says anything about QE3)
  • #8,417
  • Nov 9, 2011 6:31am Nov 9, 2011 6:31am
Quoting Pbh
I'm getting the same.. US open usually goes agains early london. And since we have bernanke talking... I would not be surprised to see thes supply zone again (if he says anything about QE3)
However, regardless of what the SP500 does, if the Euro breaks and holds below 1.36, all bets are off.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,418
  • Nov 9, 2011 6:31am Nov 9, 2011 6:31am
PipTrapper and other experienced trader's on this extremely knowledgeable thread understand what is going on.

I am sharing a word of caution here for all traders experienced and less experienced.

We are now in a Lehman type moment as we had in September 2008 as the EUR/USD had it's all time HIGH just over 1.6000

By the end of November 2008 it was around 1.2500

This time it is MUCH different as we have GAME CHANGING events not only in Europe. The USA has just as serious problems. We are in a race to the bottom in all fiat currencies.

The Powers That Be including the FED and ECB are fighting for their future profits over the 99% and then there is the emerging nations or the BRIC with China having the Hammer.

Add in the Middle East and the new unstable elements such as Egypt and now Iran and Israel then just be careful.

You will have many chances to make good profits. Anything can happen and no assumptions should be made during the month of November. The focus will move to the USA soon and observation of how each Country fights for it's own interests while pretending to cooperate will determine the value of the various asset classes and WE will have INTERVENTIONS.

Any feedback is welcome.

PERCEPTION is the REALITY until it is not. We are now officially in uncharted waters. Have a good trading week. Sometimes the best trade is no trade at all.
  • #8,419
  • Nov 9, 2011 6:32am Nov 9, 2011 6:32am
EURX & USDX - Daily
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Click to Enlarge Name: USDX Daily.png Size: 42 KB
If there was easy money lying around,no one would be forcing it into your
  • #8,420
  • Nov 9, 2011 6:34am Nov 9, 2011 6:34am
Quoting PipTrapper
All you need is a few good trades and you can use the money to move to London where you can trade both sessions without losing any sleep
Move to Italy or Greece. The women are prettier, the landscape is nicer, the weather is better and the rent is a lot cheaper.
Kill the ego, or it will kill the mission.
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