EurAnalysis | Page 702 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #14,021
  • Dec 8, 2011 2:58pm Dec 8, 2011 2:58pm
I know this bear move was fundi driven but here again another CHF level.
Attached Image (click to enlarge)
Click to Enlarge Name: chflevels.gif Size: 26 KB
  • #14,022
  • Dec 8, 2011 3:01pm Dec 8, 2011 3:01pm
Quoting The Fool
omg if i don't get another tweet in the next 5 minutes i will go outta my gourd
I've been thinking... we could start our own Tweet business. Set up an account like Goldmansucks or Morgan Studley and we could tweet to our hearts desire.
Kill the ego, or it will kill the mission.
  • #14,023
  • Dec 8, 2011 3:04pm Dec 8, 2011 3:04pm
Quoting Tyoon
I know this bear move was fundi driven but here again another CHF level.
The fact it was fundi driven doesnt meen that they werent lurking to release fundi news according to technical indicators . Now in this occasion it is kinda conspirational, but I think you get what I mean.

T
"I know one thing, that I know nothing." Sokrates
  • #14,024
  • Dec 8, 2011 3:07pm Dec 8, 2011 3:07pm
Quoting Tom_D_Trader
Hah. What a suddent rejection at 3366. I bet Incrediblle went long.
Those who say it cannot be done should not interrupt those who are doing it
  • #14,025
  • Dec 8, 2011 3:09pm Dec 8, 2011 3:09pm
Quoting Tom_D_Trader
The fact it was fundi driven doesnt meen that they werent lurking to release fundi news according to technical indicators . Now in this occasion it is kinda conspirational, but I think you get what I mean.

T
"Near S/R..... wait.... wait.... release the news!! Go!!!"
  • #14,026
  • Dec 8, 2011 3:10pm Dec 8, 2011 3:10pm
Quoting AaronWard
I've been thinking... we could start our own Tweet business. Set up an account like Goldmansucks or Morgan Studley and we could tweet to our hearts desire.
Brilliant. I'll bring the juggernaut.

I saw that hopium still floats there at 2025GMT, a sign of things to come if Germany would loosen up.

I have really no clue what they is up to...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,027
  • Dec 8, 2011 3:16pm Dec 8, 2011 3:16pm
Quoting PipTrapper
It probably will for now, but what would a short covering do to that resistance line?
It will probably slice through it like a hot knife through butter.

well the 67 area got popped by a few pips

but enough to net me 30 on the short
  • #14,028
  • Dec 8, 2011 3:17pm Dec 8, 2011 3:17pm
Quoting The Fool
Brilliant. I'll bring the juggernaut.

I saw that hopium still floats there at 2025GMT, a sign of things to come if Germany would loosen up.

I have really no clue what they is up to...
want me to tell you?
  • #14,029
  • Dec 8, 2011 3:18pm Dec 8, 2011 3:18pm
Quoting Wulfgar
want me to tell you?
ok. don't use no big words tho.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,030
  • Dec 8, 2011 3:23pm Dec 8, 2011 3:23pm
Quoting Wulfgar
well the 67 area got popped by a few pips

but enough to net me 30 on the short
There were previously reported limit orders waiting at 1.3360/70 area.
Yet the pair seems to be recovering from them pretty quickly.
If it manages to get past that area now, there are also a small number of reported stops around 1.3380/90
Mind you the bulk of the reported buys are limit orders down around 1.3230 area

If all those orders still exists, this pair is still amazingly bullish. It blows my mind
Those who say it cannot be done should not interrupt those who are doing it
  • #14,031
  • Dec 8, 2011 3:28pm Dec 8, 2011 3:28pm
Quoting PipTrapper
There were previously reported limit orders waiting at 1.3360/70 area.
Yet the pair seems to be recovering from them pretty quickly.
If it manages to get past that area now, there are also a small number of reported stops around 1.3380/90
Mind you the bulk of the reported buys are limit orders down around 1.3230 area

If all those orders still exists, this pair is still amazingly bullish. It blows my mind

im not going to play around here if this continues bearish i would long heavy next week

again lunar eclipse and uranus retrograde, all signs of trend change. all i need is a good demand zone to go long...

3220s... as PT says yes that is demand and i woudl no doubt go long as well
Have I got something on my face, SOLDIER?
  • #14,032
  • Dec 8, 2011 3:30pm Dec 8, 2011 3:30pm
Quoting PipTrapper
There were previously reported limit orders waiting at 1.3360/70 area.
Yet the pair seems to be recovering from them pretty quickly.
If it manages to get past that area now, there are also a small number of reported stops around 1.3380/90
Mind you the bulk of the reported buys are limit orders down around 1.3230 area

If all those orders still exists, this pair is still amazingly bullish. It blows my mind
Now its time to see what the Asians think of Super Mario. I am thinking we should give him a BearOscar for best performance of the month.
Kill the ego, or it will kill the mission.
  • #14,033
  • Dec 8, 2011 3:36pm Dec 8, 2011 3:36pm
Quoting AaronWard
Now its time to see what the Asians think of Super Mario. I am thinking we should give him a BearOscar for best performance of the month.
We should get a 200+ pip range out of Friday. I'm goin to the gym, i want to be ready....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,034
  • Dec 8, 2011 3:41pm Dec 8, 2011 3:41pm
Quoting AaronWard
Now its time to see what the Asians think of Super Mario. I am thinking we should give him a BearOscar for best performance of the month.
Actually that would be a BearEmmy coz he was on television, not the cinemas. Maybe even a BearTony for theater
Anyway, whatever award, he's certainly earned my vote too.
Those who say it cannot be done should not interrupt those who are doing it
  • #14,035
  • Dec 8, 2011 3:42pm Dec 8, 2011 3:42pm
Quoting The Fool
We should get a 200+ pip range out of Friday. I'm goin to the gym, i want to be ready....
you go to the gym. I'll go for the gin
Those who say it cannot be done should not interrupt those who are doing it
  • #14,036
  • Dec 8, 2011 3:45pm Dec 8, 2011 3:45pm
Well, the market is dead now.
Volume has come to a screeching halt. So has my metabolism. Time for some shut-eye
I'll be back for Frankie open.
Night all
Those who say it cannot be done should not interrupt those who are doing it
  • #14,037
  • Dec 8, 2011 3:50pm Dec 8, 2011 3:50pm
One last post. US Session wrap-up

Draghi squelches bond buying hopes.


■ ECB cuts refi rate 25 bp, extends bank-lending to 3-year term, widens types of securities acceptable as collateral
■ Draghi says he did not signal to EU Parliament last week that he would buy bonds if EU stiffened fiscal rules
■ Draghi says must respect spirit of law which prevents ECB lending to governments; that includes lending to the IMF, ECB is not an IMF member
■ US weekly jobless claims fall to 381,000, lowest since September 2008
■ US wholesale inventories rose 1.6% in October
■ EBA: European banks need to raise total of EUR 115 bln in fresh capital
■ EU and IMF to make joint mission to Hungary on Monday; may lead to aid package
■ Austrian FinMin: Chances of EU-27 Treaty change “not good”
■ EU draft suggests banking license to be granted to ESM, sparks EUR/USD rally
■ Germany immediately denies ESM banking license will be allowed
■ S&P 500 falls 2.1% to 1234; Milan falls
■ US 10-year note falls 0.6 bp in yield to 1.97%; Italian yields spike 46 bp to 6.53%
■ WTI falls $2.40 to $98.07; gold slides $33 to $1708

What a day. EUR/USD opened in NY in the 1.3380. It spiked to 1.3460, just far enough to trigger some weak stops, after very upbeat weekly jobless claims before sliding sharply a short while later as new ECB chief Draghi did his best Bundesbanker imitation and stated that he had not signaled a willingness to rescue the euro zone bond market if the EU got its fiscal house in order. He also denied that the ECB or national central banks would lend to the IMF so as to evade laws prohibiting the ECB from monetizing government debt.

Hopes for a two-pronged attack on the sovereign debt crisis (ECB and EU) were dashed, leaving the summiteers in Brussels all alone to come up with a solution. Few expect a quick resolution to come via political channels.

EUR/USD dipped as low as 1.3289 before steadying. We began to drift higher on short-covering in late afternoon, finally triggering stops above 1.3350 up to 1.3375 after it was reported that an EU draft statement said the ESM would be granted a banking license (something Germany has adamantly opposed) as well as being brought forward to run simultaneously with the EFSF for year. Germany swiftly rejected that they would accept those provisions, sending EUR/USD slumping back into the 1.3330s. We end in the 1.3345 region.

AUD/USD was violently whipsawed during the US session, breaking through stops at 1.0330/40 level and spiking to 1.0377 after the US jobless claims data. It fell out of bed as the ECB threw cold-water on the idea of a bond-buying spree. We fell as low as 1.0146 late in the day. Some stops were triggered on the 1.0150 break. More are seen in the 1.0225/40 area

Source: http://www.forexlive.com/blog/2011/1...-buying-hopes/
Those who say it cannot be done should not interrupt those who are doing it
  • #14,038
  • Dec 8, 2011 3:59pm Dec 8, 2011 3:59pm
Damn it, I missed out on all the fun. I put a E/U sell limit @ 1.3456 but later removed it because I expect E/U to rise to 1.348 at least but no, that didn't happen at all.. Now I'm stuck with a lifeless Friday Asian session again.

EDIT: E/U has nearly erased all the gain last week, it's still bullish after all this abuse it's baffled me.

Quoting PipTrapper
One last post. US Session wrap-up

Draghi squelches bond buying hopes.


■ ECB cuts refi rate 25 bp, extends bank-lending to 3-year term, widens types of securities acceptable as collateral
■ Draghi says he did not signal to EU Parliament last week that he would buy bonds if EU stiffened fiscal rules
■ Draghi says must respect spirit of law which prevents ECB lending to governments; that includes lending to the IMF, ECB is not an IMF member
■ US weekly jobless claims fall to 381,000, lowest since September 2008
■...
  • #14,039
  • Dec 8, 2011 6:06pm Dec 8, 2011 6:06pm
Oh God, I have to work out of town (to the beach) and now I am looking what happened.

It was not a big bang, but we get down to 1.33. I entered on 1.344 and have a sl on 1.3415. I am still waiting to reach 1.313, but there is something that I DONT LIKE... Daily candle have closed 1.334, up to daily support, and that is not good enough to keep bearish strong. I will keep my trade and if there is a swing the sl will do what he knows.

If you like 1-2-3 formation, it should be a good oportunity to go long. target 1.364.

I dont know why happen things like this. Everybody knows that EZ needs a weak euro to overcome the problem, i dont remember where I read, but the euro is overvalued by 16%. I fair price will be 1.13 for a good recover of the EZ.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euro081211.jpg Size: 71 KB
Click to Enlarge Name: 123 081211.png Size: 68 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #14,040
  • Dec 8, 2011 6:34pm Dec 8, 2011 6:34pm
Quoting Wulfgar
when all else fails its common practice to lay it all on the one group that has no say whatsoever..... the taxpayer

if ur european and reading this... get ready to bend over and take it hard and dry....

all the Americans in here already are walking around with red, sore asses from getting railed by our politicians
I'll be a good samaritan and send some relief supplies.... Hmmmmm, might want to invest in their stock, I see a sales boom on the horizon.

Attached Image
I don't care which way the market is going as long as it's going my way
15 traders viewing now