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EurAnalysis Kindergarten 24 replies

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  • #11,381
  • Nov 23, 2011 4:23am Nov 23, 2011 4:23am
Quoting Tom_D_Trader
Woohoo. 338 first support hit. 331 on sight. Damn I should have left more positions opened, I would book some here. Well, now I am waiting to book lower.
1.3380 is significant daily support. We should see a correction now... we'll see.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #11,382
  • Nov 23, 2011 4:24am Nov 23, 2011 4:24am
Quoting Alorente
Good job, guy !!
Thanks Sir
Daily and 4H eye @ 1.3360 let see how it play - preparing for long
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 41 KB
If there was easy money lying around,no one would be forcing it into your
  • #11,383
  • Nov 23, 2011 4:25am Nov 23, 2011 4:25am
Quoting PipTrapper
Better than a loss Goldman. You're doing well.
If it's not over 50, it's a loss to me. I'm not here to capture little pieces, time has more value and I have but 2 hours in here and got 30 pip, now that's A LOSS.
  • #11,384
  • Nov 23, 2011 4:26am Nov 23, 2011 4:26am
Quoting Tom_D_Trader
Multiquote again, sry Aaron. But we always tend to discuss several topics at once.

To get to the conclusion, I think that neither inflation and neither deflation is good. You always have to be modest and balance imports and exports. Too much inflation is harmfull as well as too little and FED produces too much.

T.
More fun that why. Why discuss one thing when you can go for multiples.

My conclusion is a little different. It is:

There is good inflation/deflation. There is bad inflation/deflation. But historically, there are more examples of good inflation than good deflation and more examples of bad deflation that bad inflation.

EDIT: talking with you has been very good for my bank account. Each time I finish on of my posts, I find a couple TP's have been hit. So I short again. And they get hit again. You have very good bear karma.
Kill the ego, or it will kill the mission.
  • #11,385
  • Edited 4:43am Nov 23, 2011 4:29am | Edited 4:43am
Dont you tell me my supports aint working . I am kinda sad I booked so many positions at 3457 now. Well, nwm, I still believe in tomorrows intervention for reload. And maybe we will hit 331 today and I will reap profits from 3685.

EDIT: ah, wrong chart, sry. And yesterday instead tomorrow... Aaa, too many things happening at the same time. I am out for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: 1m.jpg Size: 137 KB
"I know one thing, that I know nothing." Sokrates
  • #11,386
  • Nov 23, 2011 4:30am Nov 23, 2011 4:30am
Quoting PipTrapper
Bid to cover only 1.1 Dismal. Get your scuba tank ready
This is huge isnt it? short from 3420,
This means we are talking about structural damage, distrust is in the core.
  • #11,387
  • Nov 23, 2011 4:31am Nov 23, 2011 4:31am
Quoting PipTrapper
1.3380 is significant daily support. We should see a correction now... we'll see.

Attachment
So, PT, wouldn't you be better closing one of your positions and then look to reopen on the pullback?
Kill the ego, or it will kill the mission.
  • #11,388
  • Nov 23, 2011 4:32am Nov 23, 2011 4:32am
Quoting AaronWard
So, PT, wouldn't you be better closing one of your positions and then look to reopen on the pullback?
Was thinking the same thing.
  • #11,389
  • Nov 23, 2011 4:34am Nov 23, 2011 4:34am
Quoting oceanis
This is huge isnt it? short from 3420,
This means we are talking about structural damage, distrust is in the core.
Either distrust in the core or a dry up of credit. Either way it is not good.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,390
  • Nov 23, 2011 4:35am Nov 23, 2011 4:35am
Quoting AaronWard
There is good inflation/deflation. There is bad inflation/deflation. But historically, there are more examples of good inflation than good deflation and more bad deflation that bad inflation.
We may agree on this.

Anyway, I wonder when US and Japan hit the wall.

Seems US is pretty close. But well, when they are too close they will just start another war . Hope they wont attack us. But they could charge Iran. Thats very possible imo.
"I know one thing, that I know nothing." Sokrates
  • #11,391
  • Nov 23, 2011 4:38am Nov 23, 2011 4:38am
Quoting AaronWard
So, PT, wouldn't you be better closing one of your positions and then look to reopen on the pullback?
Quoting GoldMan.
Was thinking the same thing.
Nope. I'm building positions here. The lazy trader's way
I do have a mental Trail in mind though.

ADD: I did close a small position this morning just to say I booked something.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,392
  • Nov 23, 2011 4:39am Nov 23, 2011 4:39am
Quoting AaronWard
EDIT: talking with you has been very good for my bank account. Each time I finish on of my posts, I find a couple TP's have been hit. So I short again. And they get hit again. You have very good bear karma.
Hehehe. Good luck my friend, many pips to you.

I am blazing bearish karma everywhere I go. Down with you you nasty EMU, you have been very naughty and deserve to get spanked.
"I know one thing, that I know nothing." Sokrates
  • #11,393
  • Nov 23, 2011 4:48am Nov 23, 2011 4:48am
Quoting PipTrapper
Congrats bro
Its lucky my friends - am always bet big but for small TP 20 pips only @ critical support/resistance

Thanks
If there was easy money lying around,no one would be forcing it into your
  • #11,394
  • Nov 23, 2011 4:49am Nov 23, 2011 4:49am
1.3380, although supposedly significant daily support is not rejecting price.
This is signalling probable further downside today. Keeping all my shorts for now.

M5 chart

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #11,395
  • Nov 23, 2011 4:51am Nov 23, 2011 4:51am
Quoting Tom_D_Trader
Dont you tell me my supports aint working . ....
That bearish submarine pattern you called yesterday worked a treat Tom :-)
  • #11,396
  • Nov 23, 2011 4:51am Nov 23, 2011 4:51am
Quoting PipTrapper
1.3380, although supposedly significant daily support is not rejecting price.
This is signalling probable further downside today. Keeping all my shorts for now.

M5 chart
The Euro has shown that each major shock is good for a couple hundred pips down. I'm not saying it will, but I am going to keep shorting until I see some significant trend reversal signs.
Kill the ego, or it will kill the mission.
  • #11,397
  • Nov 23, 2011 4:52am Nov 23, 2011 4:52am
Isn't it funny? A lot of people and institutions talk of a base around 1.342 and a retrace up to 1.38, asia lowers and then we get a pop on the fundamental trigger. Will be interesting to see if 1.338 is breached and tested today, if so I'm keeping my shorts on
  • #11,398
  • Nov 23, 2011 4:56am Nov 23, 2011 4:56am
Think we just is having a breather here to such in some money for the next push down, the longer we stay the bigger the push.
Also thing that there is very little short covering here.

Quoting PipTrapper
1.3380, although supposedly significant daily support is not rejecting price.
This is signalling probable further downside today. Keeping all my shorts for now.

M5 chart

Attachment
  • #11,399
  • Nov 23, 2011 4:56am Nov 23, 2011 4:56am
Quoting TheSwede
Isn't it funny? A lot of people and institutions talk of a base around 1.342 and a retrace up to 1.38, asia lowers and then we get a pop on the fundamental trigger. Will be interesting to see if 1.338 is breached and tested today, if so I'm keeping my shorts on
What's even funnier is that everyone is saying that Eurobonds will happen soon.
However, in order for Eurobonds to happen, all 17 EZ member nations have to agree and Germany is snubbing their noses at the whole idea.
My take on it is that if the German bond auction today only attracted a 1.1 BtC ratio, how would a Eurobond that carries more risk attract any buyers? Just look at the EFSF bonds... an empty box full of empty promises.

More downside to come.

ADD: Unless the ECB steps in as lender of last resort But even then, the EZ economy is still in the outhouse.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,400
  • Nov 23, 2011 4:58am Nov 23, 2011 4:58am
Falling Wedge Still Intact - Wanna see how 1.336 test and if hold we might looking 1.38-1.39 before turn south again
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 40 KB
Click to Enlarge Name: EU 4H.png Size: 37 KB
If there was easy money lying around,no one would be forcing it into your
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