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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #15,261
  • Dec 15, 2011 3:39pm Dec 15, 2011 3:39pm
Quoting michaelnew
Price is moving so erratic right now that I almost feel like something is going to happen. Big intervention, big bulls/bears move, whatever. Looks like volume is so thin that everybody is saving their ammunition for something bigger... And many of the odds are for a bullish move.

Let's see.
Yes it's been a very tight trading day and a bit surprising not to have seen further downward pressure on the euro (volumes were reasonably light). Some market analysts are of the opinion that traders are waiting to see how tomorrows vote in Italy goes - they are voting on the 30Billion austerity package...

http://www.bloomberg.com/news/2011-1...t-package.html
patience is a virtue
  • #15,262
  • Dec 15, 2011 3:41pm Dec 15, 2011 3:41pm
Quoting Kit72
In my own opinion eur/usd is setting for return to 1.32 before the slam down.
possible, but not likely, IMHO. Seeing something over 1.3180 until the end of the year would be only because of some magical news form Europe. Market seems to be moved almost exclusively by news nowadays.
  • #15,263
  • Dec 15, 2011 3:42pm Dec 15, 2011 3:42pm
Quoting Pbh
Maybe we're just waiting for a normal Friday - erratic
well said
  • #15,264
  • Dec 15, 2011 3:45pm Dec 15, 2011 3:45pm
Quoting lovepips
Yes it's been a very tight trading day and a bit surprising not to have seen further downward pressure on the euro (volumes were reasonably light). Some market analysts are of the opinion that traders are waiting to see how tomorrows vote in Italy goes - they are voting on the 30Billion austerity package...

http://www.bloomberg.com/news/2011-1...t-package.html
Yeap, that could be something potentially big. But: "The lower house will vote on the 30-billion euro budget plan approved by Prime Minister Mario Monti’s government around 7:30 p.m. local time on Dec. 16." That's just after London closes, so it will be only New York session, on a Friday. Tight.
  • #15,265
  • Dec 15, 2011 4:01pm Dec 15, 2011 4:01pm
Fitch just downgraded a bunch of banks. Here is the Full Fitch release: Fitch Ratings has today taken rating actions on nine global trading and universal banks (GTUBs). The actions complete its assessment of the GTUBs, carried out in conjunction with a broad review of the ratings for the largest banking institutions in the world.

http://www.forexfactory.com/news.php?do=news&id=331986
  • #15,266
  • Dec 15, 2011 4:14pm Dec 15, 2011 4:14pm
Quoting michaelnew
Big intervention.

Good.

An intervention would only send EUR/JPY lower.
  • #15,267
  • Dec 15, 2011 5:22pm Dec 15, 2011 5:22pm
Looks like its about to break out of 3020s. I am glad I dumped everything earlier around 3:30. more margin for the selling!

ADD: for the fun of it, i'm going to add a mini lot long @ market 3026 stopped at 3010.
Any prices quoted are futures
  • #15,268
  • Dec 15, 2011 5:43pm Dec 15, 2011 5:43pm
Quoting redteamgo
ADD: for the fun of it, i'm going to add a mini lot long @ market 3026 stopped at 3010.
Looks like you may be right ...

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I observe your reality but live my own.
  • #15,269
  • Dec 15, 2011 6:41pm Dec 15, 2011 6:41pm
aussie looks good

ADD: all stops to BE

going swimming now

take care everyone glad for once i can get a good forecast
no fancy crap just price's harmony and a little volume analysis helped.
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Have I got something on my face, SOLDIER?
  • #15,270
  • Dec 15, 2011 7:21pm Dec 15, 2011 7:21pm
Quoting bumapatria
YOu have a dragunov at ur house? can i try it please?

and damn your air rifle really is that strong..

is it legal?

of course it is... ure a army veteran
Not yet. A Dragunov is my next planned rifle purchase. It a beautiful piece and dead on reliable and accurate.

Was looking at a couple Yugoslavian Army M57 pistols tonight. Nice looking piece. Looked like they were new and they were packed full of cosmoline. Almost a 1911 clone. There are tons of them on the market. I visited Dubrovnic Yugolavia before Yugoslavia broke up so that's why it interests me.

Quoting redteamgo
i have a Gamo Shadow 1000 with a scope. Gamo air rifles are no joke

Like Redteam said, Gamo air rifles are no joke. They are not a kids BB gun. You can hunt with these things. Mine is rated at 1000 fps with lead ammo and 1200 fps with PBA. Gamo Raptor pellets should be hitting about 1400 fps. These air rifles are legal and I can buy them off the shelf in sporting goods stores and Walmart.

Nice looking piece too.

They have rifled barrels, fiber optic sights and come with a decent 3-9x40 scope. I can get very tight shot groups, I can almost stack rounds at 15 meters and shoot a US penny sized group at 50 meters.

My neighbor seen me shooting and he made a smart ass remark about knowing where a richochet came from if a BB hit him in the back. I showed him the board I was using for a back stop and dug out a smashed flat expanded hollow point lead pellet and his jaw dropped. He decided he didn't want to get hit with a pellet from this rifle.

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I don't care which way the market is going as long as it's going my way
  • #15,271
  • Dec 15, 2011 7:22pm Dec 15, 2011 7:22pm
Quoting Cgb
Looks like you may be right ...

Attachment
yeah.. for now anyway. just sat back down and it seems that it is struggling around 3045. asian equities open in 7 minutes.

the aussie has much more pop right now. I have to admit, I am surprised by that.

buma, are you long? what kind of scope are you targeting?

looks like some NY risk is carrying into the asian session
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Any prices quoted are futures
  • #15,272
  • Dec 15, 2011 8:02pm Dec 15, 2011 8:02pm
Quoting PipKiller
Attachment
how well does that noise reducer work? i hadnt seen the whisper deluxe before you mentioned it.. pretty wicked looking air rifle.
Any prices quoted are futures
  • #15,273
  • Dec 15, 2011 8:08pm Dec 15, 2011 8:08pm
Quoting Kit72
In my own opinion eur/usd is setting for return to 1.32 before the slam down.
I'm with you on that. Although I see more confluences of support/resistance at 1.3250. My earliest considerations of a short order will be around that area. It's also right by the 50% fib retrace on the most current daily swing high/low.
  • #15,274
  • Dec 15, 2011 8:11pm Dec 15, 2011 8:11pm
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Yeah, totally
  • #15,275
  • Dec 15, 2011 8:45pm Dec 15, 2011 8:45pm
Quoting redteamgo
yeah.. for now anyway. just sat back down and it seems that it is struggling around 3045. asian equities open in 7 minutes.
Couldn't close above 1.3040 on a 15 min chart. Consolidating now in the 3030 to 3040 range. Crude finding resistance at 93.93 and hoping it fails to bring EUR on a new downleg.
I observe your reality but live my own.
  • #15,276
  • Dec 15, 2011 8:46pm Dec 15, 2011 8:46pm
Quoting Pbh
Yeah, totally
Thanks Pbh, I've now decided to move my trading station to the basement from the attic! LOL! Made my day
I observe your reality but live my own.
  • #15,277
  • Dec 15, 2011 9:01pm Dec 15, 2011 9:01pm
Quoting conexer
I'm with you on that. Although I see more confluences of support/resistance at 1.3250. My earliest considerations of a short order will be around that area. It's also right by the 50% fib retrace on the most current daily swing high/low.
big boys have a history of bringing au,eu,gbp up for shorting. good money to be made for them in bringing it up a bit first
  • #15,278
  • Dec 15, 2011 9:01pm Dec 15, 2011 9:01pm
Like I said yesterday, this correction only encourages me to scalp on the shorting side after the London open
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  • #15,279
  • Dec 15, 2011 9:10pm Dec 15, 2011 9:10pm
Be carefull with the FINVIZ futures in Asia. I find that histogram is best used in late london and NY.


Quoting redteamgo
how well does that noise reducer work? i hadnt seen the whisper deluxe before you mentioned it.. pretty wicked looking air rifle.

No ka-pow at the muzzle, all you hear is the spring. PBA ammo that goes supersonic (somewhere over roughly 1100 fps) will still give you the sonic crack of the pellet, no crack with lead pellets that stay sub sonic at 1000 fps.

Only thing I don't like is the trigger. I'm going to swap it out for a real 2 stage GRT trigger from CharlieDaTuna


Gamo has some really nice looking rifles out now with some cool looking stocks.

Sound comparison with a Varmint hunter and a Whisper.
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I don't care which way the market is going as long as it's going my way
  • #15,280
  • Dec 15, 2011 9:11pm Dec 15, 2011 9:11pm
looking for a scalp but range too thin to make anything, try frankfurt
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