EurAnalysis | Page 640 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #12,781
  • Nov 30, 2011 10:49am Nov 30, 2011 10:49am
Quoting PipKiller
You'll need some of this for your workstation.
I think I need to take a break as we speak.. Can I have a roll
I have multiple personalities... Bull today Bear tomorrow!
  • #12,782
  • Nov 30, 2011 10:51am Nov 30, 2011 10:51am
Quoting AaronWard
Perhaps we are talking about the same thing? What I am thinking about is hundreds of billions, perhaps trillions of dollars lent to European banks. I don't think that the US is going to buy toxic European debt.
In that case, we're on the same wavelength
Those who say it cannot be done should not interrupt those who are doing it
  • #12,783
  • Nov 30, 2011 10:53am Nov 30, 2011 10:53am
and back down to where i got stopped out! wish the damn thing would make up its mind hehehe so confusing! thanks for the help people


Update and now past my original target! lol damnit .. so tricky
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,784
  • Nov 30, 2011 10:54am Nov 30, 2011 10:54am
Quoting Gofer Pips
IMHO,
I wouldn't classify cooperative central Bank intervention as "nothing".
They are the ones who can move this market wherever, whenever they choose, regardless of technicals. This is actually a fundamental move by the CBs to change the landscape by providing liquidity from being frozen as in 2008, nothing? Hardly. Short-lived? Definitely.
I agree totally with you. I should have said nothing permanent or really substantial. This is short term relief at best. Buying time if you will till the turtle speed politicians can catch up. It won´t work in my view but for a few weeks.
Observation is the path to discovery.
  • #12,785
  • Nov 30, 2011 10:54am Nov 30, 2011 10:54am
Quoting BullsVsBears
I think I need to take a break as we speak.. Can I have a roll
who wants a green ass?
Kill the ego, or it will kill the mission.
  • #12,786
  • Nov 30, 2011 10:55am Nov 30, 2011 10:55am
Quoting AaronWard
Perhaps we are talking about the same thing? What I am thinking about is hundreds of billions, perhaps trillions of dollars lent to European banks. I don't think that the US is going to buy toxic European debt.
I agree, US has enough of it's own.. Besides, China would get jealous. That's their job
I have multiple personalities... Bull today Bear tomorrow!
  • #12,787
  • Nov 30, 2011 10:56am Nov 30, 2011 10:56am
Quoting PipTrapper
Sorry but I just don't see it happening.
It is not the Fed's responsibility to do this nor is it in the US's interest.
Europe is more than capable of bailing itself out. All they need to do is print more Euros.
Don't worry, the plan will be very clear soon. The richer EZ members will bail out the poorer ones in return for fiscal supervision, Eurobonds will be issued by the ECB and Europe will be a happy place again in about 10 years. In the mean time, the Euro will devalue (probably to par with USD) and Europe's export market will soar, providing...
Perfect synthesis of what is happening. PT´s description is the map to follow in our trading for the foreseeable future.
Observation is the path to discovery.
  • #12,788
  • Nov 30, 2011 10:58am Nov 30, 2011 10:58am
so ummm yeah, what the heck happened over the last less than twelve hours? ... I couldn't watch the markets and just saw all the movements, wow, missed some good opportunities at grabbing some pips. Actually would love for it to set up above 1.35 for a nice short later this afternoon. Anyone's charts indicating that might happen?
  • #12,789
  • Nov 30, 2011 10:59am Nov 30, 2011 10:59am
Quoting Alorente
I agree totally with you. I should have said nothing permanent or really substantial. This is short term relief at best. Buying time if you will till the turtle speed politicians can catch up. It won´t work in my view but for a few weeks.
Typically (for the last month) these power blasts north are short lived. The Euro is looking a little saggy compared with equities.
Kill the ego, or it will kill the mission.
  • #12,790
  • Nov 30, 2011 10:59am Nov 30, 2011 10:59am
Quoting AaronWard
who wants a green ass?
Bernanke seems to have one.. He poops dollars
I have multiple personalities... Bull today Bear tomorrow!
  • #12,791
  • Nov 30, 2011 11:00am Nov 30, 2011 11:00am
the euro is valued so highly?!!!!

surely it cant be used for toilet paper... .


lets pull up monthly chart for PT!

firstly ignore the massive wick i think thats a quoting fake

next 2 months i got a cycle on monthly. wonder if ill even consider that. these cycles i just made are no joke lol they can really move 1000+ pips after all its monthly. well 1.2080 looks like the drop on the median line. nice? very!
i think though a drop to 3000 by 2 months enters cycle bearish and goes bull. tests some resistance before some more heavy drops.
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 26 KB
Have I got something on my face, SOLDIER?
  • #12,792
  • Nov 30, 2011 11:02am Nov 30, 2011 11:02am
Okay just saw the news that all the top central banks around the world came to the aid of a european bank overnight. I guess that makes sense then, turn all those lent dollars from other countries into euros causing the explosive move upwards.
  • #12,793
  • Nov 30, 2011 11:08am Nov 30, 2011 11:08am
Quoting Alorente
I agree totally with you. I should have said nothing permanent or really substantial. This is short term relief at best. Buying time if you will till the turtle speed politicians can catch up. It won´t work in my view but for a few weeks.
Totally agree!
  • #12,794
  • Nov 30, 2011 11:09am Nov 30, 2011 11:09am
Here is the S&P H4 chart. As we can clearly see, the EURUSD chart is lagging the S&P, which should reach 1270 before turning south again. This is the longer term down trendline since the drop began in July. The Santa Claus rally is here, but sadly, it will be followed by the January doldrums.
Attached Image (click to enlarge)
Click to Enlarge Name: s & p - h4.jpg Size: 107 KB
Observation is the path to discovery.
  • #12,795
  • Nov 30, 2011 11:09am Nov 30, 2011 11:09am
Quoting nyfx718
Okay just saw the news that all the top central banks around the world came to the aid of a european bank overnight. I guess that makes sense then, turn all those lent dollars from other countries into euros causing the explosive move upwards.
Actually, I dont think anybody lent anybody anything. They just suggested they might do so at some point in the future and at a discounted rate.
Kill the ego, or it will kill the mission.
  • #12,796
  • Nov 30, 2011 11:12am Nov 30, 2011 11:12am
I'm headed off to the gym, done for the day. I'm 50 pips green on a short. Set break even and letting it run. Good luck to all... See ya at Europe session open.. Cheers
I have multiple personalities... Bull today Bear tomorrow!
  • #12,797
  • Nov 30, 2011 11:43am Nov 30, 2011 11:43am
Oh snap! I guess I should have left that last position sell limit in at 1.3525.

Just couldn't take another one on after the quick move.
  • #12,798
  • Nov 30, 2011 11:59am Nov 30, 2011 11:59am
Signing off for the day too. Although I took a -80 pips loss, I somehow managed to finish on the green +25 pips. Tough day!

Trade well
  • #12,799
  • Nov 30, 2011 12:02pm Nov 30, 2011 12:02pm
Quoting Gofer Pips
Oh snap! I guess I should have left that last position sell limit in at 1.3525.

Just couldn't take another one on after the quick move.
you'll probably get another chance. The day is still young. This NY afternoon should bring us some more upside.
I am waiting to see if the falling channel resistance is taken out.
Remember we also have NFP on Friday. We might see 1.36 if the channel resistance doesn't hold.
Those who say it cannot be done should not interrupt those who are doing it
  • #12,800
  • Nov 30, 2011 1:04pm Nov 30, 2011 1:04pm
Quoting PipTrapper
you'll probably get another chance. The day is still young. This NY afternoon should bring us some more upside.
I am waiting to see if the falling channel resistance is taken out.
Remember we also have NFP on Friday. We might see 1.36 if the channel resistance doesn't hold.
Maybe not. But the existing sells may become very profitable when sensibility returns and the market gets off its Hopium high. If it goes higher I will just put my foot on the Euro's neck and short it like Tom.
82 traders viewing now