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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #13,501
  • Dec 5, 2011 11:48am Dec 5, 2011 11:48am
g
Quoting PipTrapper
Everything sold off... including gold.

Attachment

Attachment
Day one shorting gold has worked quite nicely for me.
Kill the ego, or it will kill the mission.
  • #13,502
  • Dec 5, 2011 11:51am Dec 5, 2011 11:51am
Hah, looks like I have missed the action on my way from work. Well, nwm, I wouldnt be shorting from these levels anyway. But as you all probably see at your charts from different angles, we are stuck yet again in the support zone which is on my chart marked as 3384 - 3398.

This was major support zone after last break from 35 area and holded for four hours to break down.

T
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"I know one thing, that I know nothing." Sokrates
  • #13,503
  • Dec 5, 2011 11:57am Dec 5, 2011 11:57am
Well the markets are pretty well cooked for today.
I am sure we will have more hopium tomorrow.
I will remain flat until we get that significant correction I am waiting for.

So I'm off to relax for the evening.

Trade safe all
Those who say it cannot be done should not interrupt those who are doing it
  • #13,504
  • Dec 5, 2011 11:57am Dec 5, 2011 11:57am
pleanty of pips..buy..sell..sell..buy I am now a fisherman catching small n big fishes with this trap.
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  • #13,505
  • Dec 5, 2011 11:58am Dec 5, 2011 11:58am
Quoting PipTrapper
Well the markets are pretty well cooked for today....
I dont know if you are repeating me or I am repeating you. But I guess I am repeating you since you trade longer, so you think of it faster.

T
"I know one thing, that I know nothing." Sokrates
  • #13,506
  • Dec 5, 2011 12:08pm Dec 5, 2011 12:08pm
Quoting PipTrapper
ECB's net balance on SMP is still growing.



http://www.ecb.int/mopo/implement/om...ex.en.html#com

i put some data in excel and the curve of printing the money since begining of 10.05.20100 looks like this
[IMG]file:///C:/DOCUME%7E1/UPORAB%7E1/LOCALS%7E1/Temp/moz-screenshot-3.png[/IMG][IMG]file:///C:/DOCUME%7E1/UPORAB%7E1/LOCALS%7E1/Temp/moz-screenshot-4.png[/IMG]
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  • #13,507
  • Dec 5, 2011 12:08pm Dec 5, 2011 12:08pm
Quoting Tom_D_Trader
I dont know if you are repeating me or I am repeating you. But I guess I am repeating you since you trade longer, so you think of it faster.

T

Good night my friend
Those who say it cannot be done should not interrupt those who are doing it
  • #13,508
  • Dec 5, 2011 12:12pm Dec 5, 2011 12:12pm
S&P said to place all 17 euro nations on rating downgrade watch
  • #13,509
  • Dec 5, 2011 12:41pm Dec 5, 2011 12:41pm
Before I go, I just wanted to show the difference in bond yields from before S&P's downgrade warning and after.

Before on the left & After on the right

What? They get a downgrade warning and the yields drop???
Now I've seen it all

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Those who say it cannot be done should not interrupt those who are doing it
  • #13,510
  • Dec 5, 2011 12:46pm Dec 5, 2011 12:46pm
Quoting PipTrapper
What? They get a downgrade warning and the yields drop???
Now I've seen it all
same as when they downgraded the USA. When will SandP get thei downgrade?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #13,511
  • Dec 5, 2011 1:02pm Dec 5, 2011 1:02pm
Quoting PipTrapper
Shouldn't last long. This is headline crap. It will probably not break 1.3380 support today... perhaps even go back up. Expect lots of whipsaw action the next 2 or 3 days at least.

Hmm I now retract that statement. It seems Obama is speaking. When he speaks, the markets spiral downwards.
went long at 3380, moved SL to BE+1
patience is a virtue
  • #13,512
  • Dec 5, 2011 1:10pm Dec 5, 2011 1:10pm
Quoting PipTrapper
Before I go, I just wanted to show the difference in bond yields from before S&P's downgrade warning and after.

Before on the left & After on the right

What? They get a downgrade warning and the yields drop???
Now I've seen it all

Attachment Attachment

Whatever the SM wants, the SM gets - we just have to be on their side.
patience is a virtue
  • #13,513
  • Dec 5, 2011 1:18pm Dec 5, 2011 1:18pm
http://www.dailyfx.com/forex/technic...d_Extreme.html


EUR
COT difference downtrend is bearish BUT record commercial longs warns of a reversal
  • #13,514
  • Dec 5, 2011 2:35pm Dec 5, 2011 2:35pm
Quoting dddd
cool. i should have looked closer. anyways, i am interested in how that euro handles these levels(marked on the chart)
UPDATE:

Price reversed at expected entry short point of 1.3539. Well, price pierced those levels to a high of 1.3544. Precision entry. It has dropped by over +140 pips.
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  • #13,515
  • Edited 4:35pm Dec 5, 2011 4:10pm | Edited 4:35pm
Quoting michaelnew
http://www.dailyfx.com/forex/technic...d_Extreme.html


EUR
COT difference downtrend is bearish BUT record commercial longs warns of a reversal
given that release is from November 29th, when EUR wad trading in the 3250's and subsequently rose to 3549, do you think that information is outdated? honest question.

more specifically, i get the feeling that while there are certainly some institutional/commercial longs, i suspect many of them are seriously reconsidering this position. liquidity is significantly lower than usual. they are reaching and if that goes bad, i would expect those longs to go short very quickly which will have an enormous impact on the retail traders (me).
Any prices quoted are futures
  • #13,516
  • Dec 5, 2011 5:59pm Dec 5, 2011 5:59pm
Quoting redteamgo
given that release is from November 29th, when EUR wad trading in the 3250's and subsequently rose to 3549, do you think that information is outdated? honest question.

more specifically, i get the feeling that while there are certainly some institutional/commercial longs, i suspect many of them are seriously reconsidering this position. liquidity is significantly lower than usual. they are reaching and if that goes bad, i would expect those longs to go short very quickly which will have an enormous impact on the retail traders (me).
That is the problem with the COT. Also, being the futures market, some of those commercials could be long for reasons other than speculative trading.
Mark ... Everything you have been told is a LIE
  • #13,517
  • Dec 5, 2011 6:31pm Dec 5, 2011 6:31pm
Ubs for the 1s who intrested
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  • #13,518
  • Dec 5, 2011 6:46pm Dec 5, 2011 6:46pm
I wanted to go to sleep, BUT, I need to wait for the Cash rate decision
A no cut, would be incredibly bullish.
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  • #13,519
  • Dec 5, 2011 7:11pm Dec 5, 2011 7:11pm
Quoting Pbh
I wanted to go to sleep, BUT, I need to wait for the Cash rate decision
A no cut, would be incredibly bullish.
Agree. Even a .25% cut may be bullish with a sell the rumor, buy the fact as it's expected and probably already priced in.


I believe the market is expecting a rate cut for the Euro thursday even though the economic calenders say it will remain the same.With the way the Euro reacts anymore I can't even begin to figure out how the market would take no cut from the ECB

Bearish because super mario didn't do something or bullish on ????????

Good luck, I'm going to go watch some more TV and take one last look at what happened before I go to bed.
I don't care which way the market is going as long as it's going my way
  • #13,520
  • Dec 5, 2011 7:39pm Dec 5, 2011 7:39pm
The reduction in the cash rate as a result of the Board's previous decision flowed through to lending rates, which are now around their average level of the past 15 years. Short-term market interest rates have tended to decline a little further in recent weeks, though term funding conditions for financial institutions have become more difficult. Credit growth remains subdued and asset prices have declined further over recent months. The exchange rate has been quite variable over the past few months, but remains at an historically high level.


Overall, the Board concluded, on the basis of all the available information, that the inflation outlook afforded scope for a modest reduction in the cash rate. The Board will continue to set policy as needed to foster sustainable growth and low inflation over time.


http://www.rba.gov.au/media-releases/2011/mr-11-28.html
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