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EurAnalysis Kindergarten 24 replies

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  • #11,501
  • Nov 23, 2011 10:07am Nov 23, 2011 10:07am
Oh uh oh. Thats great price is still falling. Thank you beast, appreciated. I hope we hit 331, there is my TP for shorts since 3685. It is sooo close now. Well, I am of from work. At last. Cya later.

T
"I know one thing, that I know nothing." Sokrates
  • #11,502
  • Nov 23, 2011 10:12am Nov 23, 2011 10:12am
I hope no body took a long this morning and held it ouch. I took one but I didn't like its behavior and took like a 5 pip gain. Looking for a long opportunity later today around the noon to 2pm mark and hold it into thanksgiving because with tomorrow being a bank holiday, other retail traders around the globe will probably push the pair up into the weekend artificially. Figure I try to take advantage of that. Thoughts anyone?
  • #11,503
  • Nov 23, 2011 10:16am Nov 23, 2011 10:16am
Quoting PipTrapper
The squeeze will probably start tomorrow. US holiday = low volume = historically bullish.

Any stats on this?
Kill the ego, or it will kill the mission.
  • #11,504
  • Nov 23, 2011 10:19am Nov 23, 2011 10:19am
Quoting AaronWard
Any stats on this?
Just from the last 3 months
Those who say it cannot be done should not interrupt those who are doing it
  • #11,505
  • Nov 23, 2011 10:23am Nov 23, 2011 10:23am
Quoting nyfx718
I hope no body took a long this morning and held it ouch. I took one but I didn't like its behavior and took like a 5 pip gain. Looking for a long opportunity later today around the noon to 2pm mark and hold it into thanksgiving because with tomorrow being a bank holiday, other retail traders around the globe will probably push the pair up into the weekend artificially. Figure I try to take advantage of that. Thoughts anyone?
I agree but I wouldn't bank on it just based on history. We still need a catalyst.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,506
  • Nov 23, 2011 10:25am Nov 23, 2011 10:25am
Quoting nyfx718
I hope no body took a long this morning and held it ouch.
I took some and I still keep them. Based on some technical patterns and also on the low volume on Friday. I still think a rebound up to 1.35 is possible by the end of the week or earlier next week. I may be wrong, but I'm willing to put my money where my mouth is, anyway.

Also, during Asian, I think China will correct a bit this dive. They have their own problems now so the last thing they need is a week EUR.
  • #11,507
  • Nov 23, 2011 10:25am Nov 23, 2011 10:25am
EBA says the European market for medium and long term bank funding is frozen

Source CNBC TV
Those who say it cannot be done should not interrupt those who are doing it
  • #11,508
  • Nov 23, 2011 10:26am Nov 23, 2011 10:26am
Quoting PipTrapper
Just from the last 3 months
What do you have for S/R... next stop looks like 1.3150 to me.
Kill the ego, or it will kill the mission.
  • #11,509
  • Nov 23, 2011 10:27am Nov 23, 2011 10:27am
Quoting PipTrapper
EBA says the European market for medium and long term bank funding is frozen

And how do you interpret this?
  • #11,510
  • Nov 23, 2011 10:28am Nov 23, 2011 10:28am
Quoting michaelnew
I took some and I still keep them. Based on some technical patterns and also on the low volume on Friday. I still think a rebound up to 1.35 is possible by the end of the week or earlier next week. I may be wrong, but I'm willing to put my money where my mouth is, anyway.

Also, during Asian, I think China will correct a bit this dive. They have their own problems now so the last thing they need is a week EUR.

In this case it is a strong US Dollar.


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Those who say it cannot be done should not interrupt those who are doing it
  • #11,511
  • Nov 23, 2011 10:30am Nov 23, 2011 10:30am
Quoting AaronWard
What do you have for S/R... next stop looks like 1.3150 to me.
1.3270 and 1.3145
Those who say it cannot be done should not interrupt those who are doing it
  • #11,512
  • Nov 23, 2011 10:32am Nov 23, 2011 10:32am
Quoting michaelnew
And how do you interpret this?
Exactly as it sounds. It is a funding freeze. No confidence.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,513
  • Nov 23, 2011 10:34am Nov 23, 2011 10:34am
Quoting PipTrapper
Exactly as it sounds. It is a funding freeze. No confidence.
Thanks. Crazy times are we living, aren't we?
  • #11,514
  • Nov 23, 2011 10:37am Nov 23, 2011 10:37am
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Those who say it cannot be done should not interrupt those who are doing it
  • #11,515
  • Nov 23, 2011 10:41am Nov 23, 2011 10:41am
i'm going long in demo.... Solely based on this trend line support... EUR seems to be oversold to me...

ADD: i could see a good buy @ 1.3275 if this trend line broken
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  • #11,516
  • Nov 23, 2011 10:44am Nov 23, 2011 10:44am
Quoting FX Tsunami
i'm going long in demo.... Solely based on this trend line support... EUR seems to be oversold to me...

ADD: i could see a good buy @ 1.3275 if this trend line broken
Even if the Euro keeps falling, at some point it will go back up for unfinished business at 1.3430

ADD: The correct word is "Should", not "Will" Sorry
Those who say it cannot be done should not interrupt those who are doing it
  • #11,517
  • Nov 23, 2011 10:47am Nov 23, 2011 10:47am
Quoting PipTrapper
Even if the Euro keeps falling, at some point it will go back up for unfinished business at 1.3430
agreed. And looking forward to it
  • #11,518
  • Nov 23, 2011 10:47am Nov 23, 2011 10:47am
Quoting PipTrapper
Even if the Euro keeps falling, at some point it will go back up for unfinished business at 1.3430
Do you mean a pull back???
  • #11,519
  • Nov 23, 2011 10:48am Nov 23, 2011 10:48am
Quoting PipTrapper
Exactly as it sounds. It is a funding freeze. No confidence.
yeah, but what is a funding freeze? Does it mean that the government shut something down? If so, what? Or does it mean that people are no longer willing to put money into banks?
Kill the ego, or it will kill the mission.
  • #11,520
  • Nov 23, 2011 10:51am Nov 23, 2011 10:51am
Quoting AaronWard
yeah, but what is a funding freeze? Does it mean that the government shut something down? If so, what? Or does it mean that people are no longer willing to put money into banks?
It's the EBA (European Banking Association) so the implication here is that there is a funding freeze between banks. They have no confidence in each other.
They will still do short term funding though. Overnight and intraweek.
Those who say it cannot be done should not interrupt those who are doing it
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