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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #11,961
  • Nov 25, 2011 3:01am Nov 25, 2011 3:01am
Quoting hindustani
A reversal here is very very unlikely, the word still remains to sell on rallies ......

Europeans are too slow when it comes to making big decisions, so for the next few weeks there is none, keep sliding .........

Christmas however, will or might help ............
Oh, I forgot today is black friday and people in US are all geared up to see boost in retail sales, this is a strong dollar sentiment.........
  • #11,962
  • Nov 25, 2011 3:02am Nov 25, 2011 3:02am
Quoting Alorente
Good morning. EURUSD continues to test the bottom wall of the wedge without breaking it, but without the expected bounce off it either. Divergences in the Trix and RSI continue and the RSI is still above the ascending trendline. Technically the longs still have a feasible trade, but if the wedge wall is pierced, the bears will have won the day.
hey alo, we might drown a little before some serious buyers entering the market
Have I got something on my face, SOLDIER?
  • #11,963
  • Nov 25, 2011 3:05am Nov 25, 2011 3:05am
Quoting bumapatria
hey alo, we might drown a little before some serious buyers entering the market
There were some serious buyers earlier with limit orders but they pulled their orders...

EUR/USD Still Under The Cosh
Those who say it cannot be done should not interrupt those who are doing it
  • #11,964
  • Nov 25, 2011 3:06am Nov 25, 2011 3:06am
Quoting PipTrapper
Yes I fully agree with you that the probabilities of a reversal under current conditions are very high. However, these are not normal circumstances. I am sure we will get a correction but the timing is unknown and also where will the correction start? Here, or 300 pips lower?

Add: Remember we also have an Italian bond auction today and currently Italian 10Y bonds are trading on the secondary market at well over 7%, plus the German Bund is over 2%
Yes. I´m watching the Italian 10Y. It could sky rocket to 8 today if nothing is announced during the morning.
Observation is the path to discovery.
  • #11,965
  • Nov 25, 2011 3:11am Nov 25, 2011 3:11am
http://www.bloomberg.com/radio/
  • #11,966
  • Nov 25, 2011 3:21am Nov 25, 2011 3:21am
If price breaks and closes (on H1) below 1.3250, then I am projecting the next support at the daily S3 which also lines up with this year's rising trend line around 1.3195

H1 & D1 Charts
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 31 KB
Attached Image (click to enlarge)
Click to Enlarge Name: eu-d1.gif Size: 37 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #11,967
  • Nov 25, 2011 3:36am Nov 25, 2011 3:36am
I was busy and didn't check charts in 2 days, and it seems that commodities are entering freefall mode, and EUR does too...

It looks like a perfect time for some super-great news to pop out next week, or we will make another bottom-breaking slide.

I mean, if thigs go into freefall for 2-3 days, politicians and cbankers feel obliged to protect price stability by making some announcements, interventions and new extraordinary measures.

I am feeling tempted to try some entries in live, but I am leaving for the weekend, so it is not a good idea to jump in before journey
  • #11,968
  • Nov 25, 2011 3:36am Nov 25, 2011 3:36am
Quoting bumapatria
hey alo, we might drown a little before some serious buyers entering the market
As PT said, the correction can and will come. All it needs is a trigger. Tecnnically, the picture will deteriorate if we don´t get a bounce in the next 30 minutes.
Observation is the path to discovery.
  • #11,969
  • Nov 25, 2011 3:37am Nov 25, 2011 3:37am
Does the house of cards now come tumbling down?

Attached Image (click to enlarge)
Click to Enlarge Name: EuroHOC.jpg Size: 41 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #11,970
  • Nov 25, 2011 3:39am Nov 25, 2011 3:39am
TP 2/3 of my short from 1.3307 @ 1.3267, let the rest ride. For the past few days it feels like I'm trading news totally disregard S/R, only taking PA into account. I have a bad feeling a huge retracement coming any time now, take us back to 1.34 level.

EDIT: TOP

Also, I sure hope E/U doesn't come crashing down now, it's going to be one hell of a christmas in the EZ.
  • #11,971
  • Nov 25, 2011 3:44am Nov 25, 2011 3:44am
Quoting PipTrapper
Does the house of cards now come tumbling down?
Hihihii, I am making whole collection of pictures .
"I know one thing, that I know nothing." Sokrates
  • #11,972
  • Nov 25, 2011 3:45am Nov 25, 2011 3:45am
According to the thread poll, more respondents feel that by December 2011, the Euro will be above 1.30 than below.

Attached Image (click to enlarge)
Click to Enlarge Name: EUPoll.jpg Size: 45 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #11,973
  • Nov 25, 2011 3:46am Nov 25, 2011 3:46am
Low 53 ..retraced back to 77 ... hmmm...
  • #11,974
  • Nov 25, 2011 3:49am Nov 25, 2011 3:49am
Quoting rekon67
Low 53 ..retraced back to 77 ... hmmm...
The bulls are making a bit of a charge. A close in the 1.3280 or higher is needed in the next 12 minutes to keep the technicals healthy.

Leaving for my Friday golf round. Have a great day everyone.
Observation is the path to discovery.
  • #11,975
  • Nov 25, 2011 3:49am Nov 25, 2011 3:49am
Quoting rekon67
Low 53 ..retraced back to 77 ... hmmm...
It retraced back to channel support to test it as resistance

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #11,976
  • Nov 25, 2011 3:51am Nov 25, 2011 3:51am
Quoting Alorente
The bulls are making a bit of a charge. A close in the 1.3280 or higher is needed in the next 12 minutes to keep the technicals healthy.

Leaving for my Friday golf round. Have a great day everyone.
Enjoy the golf
Those who say it cannot be done should not interrupt those who are doing it
  • #11,977
  • Nov 25, 2011 3:51am Nov 25, 2011 3:51am
To everyone that is buying now. Ask yourself that if you sat on a bucket load of money would you buy here or 100 PIPS lower?
  • #11,978
  • Nov 25, 2011 3:51am Nov 25, 2011 3:51am
Quoting Alorente
The bulls are making a bit of a charge. A close in the 1.3280 or higher is needed in the next 12 minutes to keep the technicals healthy.

Leaving for my Friday golf round. Have a great day everyone.
Still hold your Long Sir?
If there was easy money lying around,no one would be forcing it into your
  • #11,979
  • Nov 25, 2011 3:53am Nov 25, 2011 3:53am
Quoting TheSwede
To everyone that is buying now. Ask yourself that if you sat on a bucket load of money would you buy here or 100 PIPS lower?
I know the question is not directed at me because I never buy bear markets, but if I were to buy, I would buy at double bottom (1.3144) with a tight stop
Those who say it cannot be done should not interrupt those who are doing it
  • #11,980
  • Nov 25, 2011 3:56am Nov 25, 2011 3:56am
Quoting FXMindset
Still hold your Long Sir?
Yes I am. Using my box system, I will let the long ride on its own account.
Observation is the path to discovery.
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