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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #9,161
  • Nov 11, 2011 12:01pm Nov 11, 2011 12:01pm
Quoting Blobik
Personally, I feel scared of oil. I mean, it keeps rallying like mad. Even when risk-off. Perhaps due to winter coming.
Yes inventories have been drawn down lately. Probably heating oil production related. We'' probably see $100 per barrel next week.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,162
  • Nov 11, 2011 12:01pm Nov 11, 2011 12:01pm
Quoting PipTrapper
Opened another short @ 1.3767
Now I wait for sell-off

.
I opened another one @1.3776, with the other ones I am quite ready for the fall
  • #9,163
  • Nov 11, 2011 12:03pm Nov 11, 2011 12:03pm
Quoting PipTrapper
Pipsforall, What you mention was true not so long ago but now the banks have a new tool to reach 9%. They have been given permission to use their own risk weighting models to assess asset risk ratios.

I don't have a link for you but perhaps Pbh can help you with that as he has it in his library of relevant fundamental news.

Pbh??? Can you post the link again please?
Thanks, didn't catch that. Appreciate it.
Yay! Pips for everyone!
  • #9,164
  • Nov 11, 2011 12:15pm Nov 11, 2011 12:15pm
Quoting Pipsforall
Thanks, didn't catch that. Appreciate it.
I found the link --> http://globaleconomicanalysis.blogsp...nd+Analysis%29
Those who say it cannot be done should not interrupt those who are doing it
  • #9,165
  • Nov 11, 2011 12:16pm Nov 11, 2011 12:16pm
Quoting Gofer Pips
I opened another one @1.3776, with the other ones I am quite ready for the fall
The Aussie should also start to come off it's highs soon
Those who say it cannot be done should not interrupt those who are doing it
  • #9,166
  • Nov 11, 2011 12:18pm Nov 11, 2011 12:18pm
Quoting Gofer Pips
I opened another one @1.3776, with the other ones I am quite ready for the fall
Yep, sir. I am ready, too, and I should not try to scale in anymore. If she falls, great. If not and breaks the roof via 1.39... ouch. That would hurt... But I remain quite convinced that she will go down. Even if (worst case?) she was to be ranging between 1.33 - 1.45 she still has room to the downside.
  • #9,167
  • Nov 11, 2011 12:26pm Nov 11, 2011 12:26pm
A picture says a thousand words. (Weekly Chart)

Besides the bearish harmonic pattern, also note that the last time the Euro rallied into the end of the year was 2008. Even then it just dropped right back down again between December 2008 and March 2009

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Attached Image (click to enlarge)
Click to Enlarge Name: eu-w1.gif Size: 21 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #9,168
  • Nov 11, 2011 12:27pm Nov 11, 2011 12:27pm
Quoting PipTrapper
The Aussie should also start to come off it's highs soon
I'm looking to cover at 1.3720, I still think the big boys will drive this over 1.38 early next week, where I'll be foaming at the mouth to short. haha
Yay! Pips for everyone!
  • #9,169
  • Nov 11, 2011 12:33pm Nov 11, 2011 12:33pm
Quoting PipTrapper
I found the link --> http://globaleconomicanalysis.blogsp...nd+Analysis%29
Inserted Video
  • #9,170
  • Nov 11, 2011 12:34pm Nov 11, 2011 12:34pm
Quoting Pipsforall
I'm looking to cover at 1.3720, I still think the big boys will drive this over 1.38 early next week, where I'll be foaming at the mouth to short. haha
It's kind of become a tradition for me now to leave a position open over the weekend but usually it's a small one.
If price falls enough to cover my 1.3710 short, I will close that one only, otherwise I will average out both trades.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,171
  • Nov 11, 2011 12:44pm Nov 11, 2011 12:44pm
Quoting PipTrapper
The Aussie should also start to come off it's highs soon
Already shut it down for my Latin friend Maximus Pippimus!
Thanks though for reminder!
  • #9,172
  • Nov 11, 2011 12:59pm Nov 11, 2011 12:59pm
Quoting PipTrapper
It's kind of become a tradition for me now to leave a position open over the weekend but usually it's a small one.
If price falls enough to cover my 1.3710 short, I will close that one only, otherwise I will average out both trades.
Yep, if she dives as I would like to see it, then I will reduce my exposure over the weekend too. If not, then I will perhaps take the risk, as I am in doom the EUR mood again. But we still have about 2hrs, don't we ? Or, is it only 1hr remaining due to time change? I already got confused....
  • #9,173
  • Nov 11, 2011 1:00pm Nov 11, 2011 1:00pm
Anybody want to have a good laugh?

I've never heard such tripe in my life.

A Surplus In Greece, Now I’ve Heard It All

Greek fin min Venizelos is on the wires forecasting a surplus of 1.2% of GDP in 2012, with no new measures

http://www.forexlive.com/wp-content/...er-330x254.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #9,174
  • Nov 11, 2011 1:04pm Nov 11, 2011 1:04pm
Quoting PipTrapper
Anybody want to have a good laugh?

I've never heard such tripe in my life.

A Surplus In Greece, Now I’ve Heard It All

Greek fin min Venizelos is on the wires forecasting a surplus of 1.2% of GDP in 2012, with no new measures

http://www.forexlive.com/wp-content/...er-330x254.jpg
LMAO, I was wondering when I'd see the Iraqi information minister again.
Yay! Pips for everyone!
  • #9,175
  • Nov 11, 2011 1:05pm Nov 11, 2011 1:05pm
Possible weekly pinbar forming, gotta be cognizant of that going into Sunday night, still 2 1/2 to go to destroy it though.
Yay! Pips for everyone!
  • #9,176
  • Nov 11, 2011 1:07pm Nov 11, 2011 1:07pm
Quoting Blobik
Yep, if she dives as I would like to see it, then I will reduce my exposure over the weekend too. If not, then I will perhaps take the risk, as I am in doom the EUR mood again. But we still have about 2hrs, don't we ? Or, is it only 1hr remaining due to time change? I already got confused....
We have 2 hrs left Blobik. However, on a Friday sell-off, usually it has started already. If we don't get one in the next hour, it will become more probable that we will see a bid into the final 15 minutes. If we do, the next target is 1.3850 area. A perfect place for another short
Those who say it cannot be done should not interrupt those who are doing it
  • #9,177
  • Nov 11, 2011 1:10pm Nov 11, 2011 1:10pm
Quoting Pipsforall
Possible weekly pinbar forming, gotta be cognizant of that going into Sunday night, still 2 1/2 to go to destroy it though.
Hmm I don't put much weight on weekly pin bars. They work best in the lower time frames (H1 and lower). The lower, the better. M5 and M15 are optimal.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,178
  • Nov 11, 2011 1:11pm Nov 11, 2011 1:11pm
Quoting Pipsforall
Possible weekly pinbar forming, gotta be cognizant of that going into Sunday night, still 2 1/2 to go to destroy it though.
How do you mean pinbar and "destroy it"?

Current PA makes me nervous about GBPUSD will go back to 1.6010. 5M trend points down but there are very small bodies. Same for EURUSD. EURUSD is forming a pennant.
  • #9,179
  • Nov 11, 2011 1:16pm Nov 11, 2011 1:16pm
Quoting PipTrapper
Anybody want to have a good laugh?

I've never heard such tripe in my life.

A Surplus In Greece, Now I’ve Heard It All

Greek fin min Venizelos is on the wires forecasting a surplus of 1.2% of GDP in 2012, with no new measures

http://www.forexlive.com/wp-content/...er-330x254.jpg
Both great examples of providing a warm and fuzzy feeling! That guy was a piece of work!
  • #9,180
  • Nov 11, 2011 1:16pm Nov 11, 2011 1:16pm
Quoting PipTrapper
Hmm I don't put much weight on weekly pin bars. They work best in the lower time frames (H1 and lower). The lower, the better. M5 and M15 are optimal.
Yah, but I've noticed recently they've come in.
Attached Image (click to enlarge)
Click to Enlarge Name: weekly pb.jpg Size: 98 KB
Yay! Pips for everyone!
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