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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #10,121
  • Nov 16, 2011 5:31pm Nov 16, 2011 5:31pm
Is the ATM in your house still spitting out that free money?

Quoting Tom_D_Trader
Consiousness can have many levels and market is a strange beast formed of the mind of many.
It's easy to be humbled but hard to be humble.
  • #10,122
  • Nov 16, 2011 5:43pm Nov 16, 2011 5:43pm
Just what is going on with E/U, it's just kep dropping like a rock without any decent retracement at all. Should have held on to my shorts.
  • #10,123
  • Nov 16, 2011 5:50pm Nov 16, 2011 5:50pm
Quoting fxrising
Is the ATM in your house still spitting out that free money?
I keep hitting . And drinking port. But this aint no proof, I wonder how will I look like after that half a year. Currently 4th month and cca 8% made. According to plan so far coz mongrels in EU are making it easy.
"I know one thing, that I know nothing." Sokrates
  • #10,124
  • Nov 16, 2011 5:53pm Nov 16, 2011 5:53pm
Quoting jeff_b
Just what is going on with E/U, it's just kep dropping like a rock without any decent retracement at all. Should have held on to my shorts.
Yep, and there's still a long way to go.
I believe we may get a good bounce off the 1.3380/1.3400 support area but after that it's more down.

I currently have 2 shorts in the 1.3766/7 area and a sell limit at 1.3601 area
I may have to move my limit order to a lower price but for now it's good there. I will see what happens in the morning.
In a previous post I mentioned that I would move it down tonight to just below Thursday daily pivot but at approx 1.3480 I think it may be too low.

Attached. Weekly chart with channels and monthly chart with long term projection. I particularly like the monthly one because I have been following it since the harmonic pattern formation completion in May 2011

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-w1.gif Size: 21 KB
Click to Enlarge Name: eu-mn.gif Size: 22 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #10,125
  • Nov 16, 2011 5:57pm Nov 16, 2011 5:57pm
They are almost making it as easy as insider trading, someone has fallen asleep on the short button lol.

Quoting Tom_D_Trader
I keep hitting . And drinking port. But this aint no proof, I wonder how will I look like after that half a year. Currently 4th month and cca 8% made. According to plan so far coz mongrels in EU are making it easy.
It's easy to be humbled but hard to be humble.
  • #10,126
  • Nov 16, 2011 6:00pm Nov 16, 2011 6:00pm
In this day of the year, dated 1989, Velvet Revolution started in Prague and we were freed from communist regime, so now I can trade with you here.

I am going to put flag out of window.
"I know one thing, that I know nothing." Sokrates
  • #10,127
  • Nov 16, 2011 6:03pm Nov 16, 2011 6:03pm
PT, I've always wanted to ask, forex does not correlate with any real volume movement at all, only speculations right?

I mean, it's just one giant market with sellers and buyers to speculate on 2 economies. Are there orders that correlate to real volume without leverage at all?

On topic, I have limits @ 1.3543 and added another one @ 1.3498.

Quoting PipTrapper
Yep, and there's still a long way to go.
I believe we may get a good bounce off the 1.3380/1.3400 support area but after that it's more down.

I currently have 2 shorts in the 1.3766/7 area and a sell limit at 1.3601 area
I may have to move my limit order to a lower price but for now it's good there. I will see what happens in the morning.
In a previous post I mentioned that I would move it down tonight to just below Thursday daily pivot but at approx 1.3480 I think it may be too low.

Attached. Weekly chart with channels and monthly chart with...
  • #10,128
  • Nov 16, 2011 6:10pm Nov 16, 2011 6:10pm
Quoting jeff_b
forex does not correlate with any real volume movement at all, only speculations right?

I mean, it's just one giant market with sellers and buyers to speculate on 2 economies. Are there orders that correlate to real volume without leverage at all?
cash is volume. spot correlates perfectly to fx futures & you can track true cash volume there. futures is smaller than spot but still large enough.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #10,129
  • Nov 16, 2011 6:14pm Nov 16, 2011 6:14pm
Quoting The Fool
cash is volume. spot correlates perfectly to fx futures & you can track true cash volume there. futures is smaller than spot but still large enough.
You beat me to it.
Couldn't have said it at well as you
thanks
Those who say it cannot be done should not interrupt those who are doing it
  • #10,130
  • Nov 16, 2011 6:26pm Nov 16, 2011 6:26pm
Quoting PipTrapper
You beat me to it.
Couldn't have said it at well as you
thanks
I have been watching your poll: we have a dead heat. I had 1.37 in mind when I voted....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #10,131
  • Nov 16, 2011 7:22pm Nov 16, 2011 7:22pm
http://kingworldnews.com/kingworldne...ng_Moment.html

Notice what happened at 3:00 PM after Fitch spoke. The Dow tanked and we will see what The Powers That Be do on Thursday. Stay Tuned.

Snippet:

I was with Senator Portman yesterday, who, as you know is on the Super Committee. We met privately for an hour going over the issues and quite frankly I didn’t come out of that meeting really encouraged about the future of those negotiations.
  • #10,132
  • Nov 16, 2011 7:39pm Nov 16, 2011 7:39pm
http://edegrootinsights.blogspot.com...reek-exit.html
  • #10,133
  • Nov 16, 2011 8:50pm Nov 16, 2011 8:50pm
Attached Image (click to enlarge)
Click to Enlarge Name: weekly eu.jpg Size: 108 KB


Attached Image (click to enlarge)
Click to Enlarge Name: mn eu.jpg Size: 97 KB


Attached Image (click to enlarge)
Click to Enlarge Name: mn eu ha smoothed.jpg Size: 99 KB


Her is a couple of monthly and a weekly chart to ponder over.
There is so many factors to consider, I quess well know on November 23,
we are in uncharted waters.
  • #10,134
  • Nov 16, 2011 8:55pm Nov 16, 2011 8:55pm
http://www.financialsense.com/contri...11/16/thin-ice

I am off to bed. I hope to be back by 3:00 AM EST to see what Europe does with the Fitch news. Good Night...
  • #10,135
  • Nov 16, 2011 9:07pm Nov 16, 2011 9:07pm
Thanks Rob Kirby

http://news.goldseek.com/GoldSeek/1321476792.php
  • #10,136
  • Nov 17, 2011 12:10am Nov 17, 2011 12:10am
"Until we put in place a concrete plan and structure that sends a clear signal to the markets that Europe is standing behind the euro and will do what it takes, we are going to continue to see the kinds of market turmoil we saw," he said.

http://globaleconomicanalysis.blogsp...roblem-of.html
  • #10,137
  • Nov 17, 2011 12:36am Nov 17, 2011 12:36am
Is this becoming common?
I love living in my Peruvian bubble..
Where a crisis would never matter
Where everyone is relaxed

But there are some things I don't like.. like ignorance.

Maybe that's what's keeping us FAR FAR away from troubles.

http://theeconomiccollapseblog.com/a...or-any-of-us-2
  • #10,138
  • Nov 17, 2011 12:57am Nov 17, 2011 12:57am
An oppotunity to short @ 1.3525 ???

I find 3525 a potential s/r line on daily chart....
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 128 KB
  • #10,139
  • Nov 17, 2011 1:06am Nov 17, 2011 1:06am
My daiy chart
Attached Image (click to enlarge)
Click to Enlarge Name: daily.jpg Size: 90 KB
  • #10,140
  • Nov 17, 2011 1:10am Nov 17, 2011 1:10am
http://www.businessweek.com/news/201...1-million.html

Nov. 16 (Bloomberg) -- U.K. unemployment jumped in the third quarter as the number of young people looking for work climbed above 1 million for the first time in at least 19 years.
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