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EurAnalysis Kindergarten 24 replies

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  • #10,261
  • Nov 17, 2011 9:04am Nov 17, 2011 9:04am
Buckle your seatbelts folks.
The CHF is rallying and the AUD is crashing.
Smells fishy to me.
Those who say it cannot be done should not interrupt those who are doing it
  • #10,262
  • Nov 17, 2011 9:07am Nov 17, 2011 9:07am
Quoting PipTrapper
Buckle your seatbelts folks.
The CHF is rallying and the AUD is crashing.
Smells fishy to me.
even better for my plans.
Have I got something on my face, SOLDIER?
  • #10,263
  • Nov 17, 2011 9:09am Nov 17, 2011 9:09am
Quoting bumapatria
if USDX breaks im long no doubt.
I'd draw shorter arrow, but it seems USD needs a break after few days of strenghtening, so overall I think it is a possible outcome. Interesting, what will oil do; will it maintain its bullishness even over 100 area? If crude keeps going up, then as foto points out, sooner or later doomsday will come. But this info is quite untradeable, unless making multiweek (or multimonth!) position trade.
  • #10,264
  • Nov 17, 2011 9:10am Nov 17, 2011 9:10am
Quoting Alorente
Hello everyone. Iīve had to take some time off due to a personal problem. Glad to be back.

For the past 3 weeks, the much anticipated euro slow motion collapse has started to materialize. I feel there is quite a bit more to go before it stabilizes. Maybe down to 1.20 or a bit lower. With Spain and Italy now the target of the Bond Vigilantes, the situation is completely beyond the ability of the ECB/France/Germany triumvirate to control it. They will try to slow down or "manage" the collapse, but thatīs about it.

Technically the euro is due for...

A hearty welcome back, Alorente.

Your absence from the circle of Great Elders (I mean wisdom wise, not age wise) of this Superfine Thread was clearly felt. Now the Great Circle feels like complete again. Personally, I am sincerely grateful for all the guidance and advice I get from this forum.
  • #10,265
  • Nov 17, 2011 9:11am Nov 17, 2011 9:11am
dx break..
Attached Image (click to enlarge)
Click to Enlarge Name: dx break.gif Size: 15 KB
Have I got something on my face, SOLDIER?
  • #10,266
  • Nov 17, 2011 9:19am Nov 17, 2011 9:19am
Quoting minortrader
A hearty welcome back, Alorente.

Your absence from the circle of Great Elders (I mean wisdom wise, not age wise) of this Superfine Thread was clearly felt. Now the Great Circle feels like complete again. Personally, I am sincerely grateful for all the guidance and advice I get from this forum.
Thanks a lot. We all learn when we share.
Observation is the path to discovery.
  • #10,267
  • Nov 17, 2011 9:21am Nov 17, 2011 9:21am
Short again at 1.3525. Iīf it goes higher I will keep this as one of my three longer term batches.

Target: 1.3490
Observation is the path to discovery.
  • #10,268
  • Nov 17, 2011 9:22am Nov 17, 2011 9:22am
Quoting PipTrapper
Buckle your seatbelts folks.
The CHF is rallying and the AUD is crashing.
Smells fishy to me.
Hmm, AUD got kicked down when commodities (gold and oil especially) dropped. But if other risk assets start to go up, AUD should overpower EUR again. Unless there is sth I do not know about.
  • #10,269
  • Nov 17, 2011 9:23am Nov 17, 2011 9:23am
another reason for the upmove: sun entered scorpio today. just checked on astro calendar. when big bodies move into new signs, changes happen in financial markets for whatever reason. ill post my analysis on what sun entering scorpio means
Have I got something on my face, SOLDIER?
  • #10,270
  • Nov 17, 2011 9:26am Nov 17, 2011 9:26am
Quoting Blobik
Hmm, AUD got kicked down when commodities (gold and oil especially) dropped. But if other risk assets start to go up, AUD should overpower EUR again. Unless there is sth I do not know about.
I think there is a lot going on behind the scenes that we do not know about.
Correlations seem to be all out of whack today.
Perhaps this is why Oanda told their clients to stay on the sidelines for a couple of days. Maybe they know something.
Regardless, the Euro is still bearish so I'm keeping my shorts on
Those who say it cannot be done should not interrupt those who are doing it
  • #10,271
  • Nov 17, 2011 9:29am Nov 17, 2011 9:29am
scorpio means willpower and persistence.

sun means life and creation, regeneration.

the willpower to create and regenerate life.

makes sense..
Have I got something on my face, SOLDIER?
  • #10,272
  • Nov 17, 2011 9:31am Nov 17, 2011 9:31am
Waw Wiw Wow
If there was easy money lying around,no one would be forcing it into your
  • #10,273
  • Nov 17, 2011 9:32am Nov 17, 2011 9:32am
Quoting bumapatria
another reason for the upmove: sun entered scorpio today. just checked on astro calendar. when big bodies move into new signs, changes happen in financial markets for whatever reason. ill post my analysis on what sun entering scorpio means
I am pretty sure Sun entered Scorpio a while ago (I'm a Scorpio and an astrology student for some time).
  • #10,274
  • Nov 17, 2011 9:39am Nov 17, 2011 9:39am
ECB Independence Workaround - Lend To IMF And Turn A Blind Eye

The political pressure on the ECB (and implicitly the Bundesbank's oh-so-stubbornly sensible and correct bankers) to just-print-baby-print is growing by the hour (or down-tick in BTPs and OATs). The cacophony of long-only strategists, Keynesian central bankers, and desperate (under speculative attack) politicians has perhaps reached a crescendo as it appears (from a Reuters article) that the ECB has found a workaround. By lending to the IMF, who are able to do pretty much whatever they want with regard to on-lending and primary issuance support, the ECB denizens can maintain their tough no nonsense anti-monetization stance while providing a leveragable IMF with more support for whatever leveraged buying they deem necessary (cough France Italy Spain cough). And all this as the IMF scrambles to replace its European Director - what could possibly go wrong? ... more...
Those who say it cannot be done should not interrupt those who are doing it
  • #10,275
  • Nov 17, 2011 9:41am Nov 17, 2011 9:41am
Quoting michaelnew
I am pretty sure Sun entered Scorpio a while ago (I'm a Scorpio and an astrology student for some time).
shit ure right october 23rd or 24th was sun enter scorpio.

still it ends at november 22 is when it exits i believe. lets see what PA gives us there.

UPDATE: macd divergence for bears.
Have I got something on my face, SOLDIER?
  • #10,276
  • Nov 17, 2011 9:44am Nov 17, 2011 9:44am
wonder if this will go down as expected. The white numbers on the right are my short positions so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd-17-nov-2011-gartley.png Size: 166 KB
  • #10,277
  • Nov 17, 2011 9:44am Nov 17, 2011 9:44am
took a long but the sucker forced me to hedge so i will.

b wave possible now if this holds then back down...
forgive the error on chart. the c is meant to be a B wave
buy was for longer term maybe a week's hold and taken on daily chart. i love hedging and for profit not so hard.
Attached Image (click to enlarge)
Click to Enlarge Name: forced to hedge.gif Size: 19 KB
Have I got something on my face, SOLDIER?
  • #10,278
  • Nov 17, 2011 9:46am Nov 17, 2011 9:46am
Quoting bumapatria
shit ure right october 23rd or 24th was sun enter scorpio.
no prob, I'm more concerned about Moon and Venus movements when it gets to forex market.
  • #10,279
  • Nov 17, 2011 9:46am Nov 17, 2011 9:46am
Quoting michaelnew
wonder if this will go down as expected. The white numbers on the right are my short positions so far.
MACD divergence for bears and i noticed that harmonic too. it will drop i believe enogh for u to rescue ur positions
Have I got something on my face, SOLDIER?
  • #10,280
  • Nov 17, 2011 9:47am Nov 17, 2011 9:47am
Quoting PipTrapper
I think there is a lot going on behind the scenes that we do not know about.
Correlations seem to be all out of whack today.
Perhaps this is why Oanda told their clients to stay on the sidelines for a couple of days. Maybe they know something.
Regardless, the Euro is still bearish so I'm keeping my shorts on
Yep. As I entered some positions before the mayhem, right now I may only sit & wait for the outcome, but it is clear that entering now might be a suicide.
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