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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #15,281
  • Dec 15, 2011 9:13pm Dec 15, 2011 9:13pm
Quoting Pbh
http://www.youtube.com/watch?v=WACzN...eature=related

Yeah, totally
Crap, I don't have a basement..... I'm going to have to buy a different house
I don't care which way the market is going as long as it's going my way
  • #15,282
  • Dec 15, 2011 9:18pm Dec 15, 2011 9:18pm
Quoting Cgb
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.
indeed. I'm going to wait for london to make a move.... i think it has far more scope to increase.
Any prices quoted are futures
  • #15,283
  • Dec 15, 2011 9:54pm Dec 15, 2011 9:54pm
Quoting Cgb
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.
Your under a false assumption thinking because oil is forming a resistance, if it goes down that will cause the EUR/USD to go down. It works the other way. The EUR/USD forming some resistance at it's current levels is what is causing oil to form it's resistance. Therefore if the EUR/USD goes down, oil should follow.

This same correlation works with the DOW, S&P, and even the USDX (since it is weighted 57.6% to the EUR/USD.

Hence, where the EUR/USD goes basically so do all the others.
Mark ... Everything you have been told is a LIE
  • #15,284
  • Dec 15, 2011 9:59pm Dec 15, 2011 9:59pm
Over the past days, the Euro has stuck close to an 11-month low, surprising quite a few who thought that the recent agreement for an E.U. treaty amendment would sufficiently keep it propped up. So why the drop? There are three key reasons:


Last week’s E.U. summit was, to put it simply, a failure. The little gleaned from it did nothing to restore market confidence, and what was lost – the support of the U.K. and the European Central Bank – did everything to undermine it.


The continued refusal by the German Chancellor, Angela Merkel, to agree to bolster the firepower of the existing bailout mechanism is resulting in additional, unnecessary risk to peripheral sovereign bonds. The recent results of the Italian bond auction sent the Euro tumbling to below 1.30.

The Federal Reserve Bank said on Tuesday that they’re sufficiently satisfied with the progress in the recovery of the U.S. economy, thus there is no need for more stimulus in the foreseeable future. That put the squeeze on risk appetite, making the Dollar a favorite among investors.
  • #15,285
  • Dec 15, 2011 10:06pm Dec 15, 2011 10:06pm
Top Thousand Traders Stat from etoro site...
Attached Image
  • #15,286
  • Dec 16, 2011 1:42am Dec 16, 2011 1:42am
Quoting The Fool
cool i just tested mine and its 10.57dn/0.76up. Is that good? $80/mo gets me that (DSL) and unlimited landline phone
10.57 down is awesome. .76 up is not bad either but above 1.0 is what you really want as it can affect your execution of trades.
Those who say it cannot be done should not interrupt those who are doing it
  • #15,287
  • Edited 2:19am Dec 16, 2011 2:09am | Edited 2:19am


yes u can drop more and i know it
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Have I got something on my face, SOLDIER?
  • #15,288
  • Dec 16, 2011 2:18am Dec 16, 2011 2:18am
Quoting rekon67
Top Thousand Traders Stat from etoro site...
nice tab, thanks
  • #15,289
  • Dec 16, 2011 3:07am Dec 16, 2011 3:07am
Quoting bumapatria


yes u can drop more and i know it
but I'd prefer that the Swissy did

I waited for the London Open and the high volume hammer into the confluence of the daily pivot and 50% retrace of yesterday's range was - for me - a nice buy
ing opportunity.....
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Trading Levels with WRBs
  • #15,290
  • Dec 16, 2011 3:21am Dec 16, 2011 3:21am
good morning all

i think this potential pattern deserve to trade
the penetration of 1.3050 level will complete the pattern
i will add new long after 3050

what do you think guys ?
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  • #15,291
  • Dec 16, 2011 3:22am Dec 16, 2011 3:22am
Quoting Islander
but I'd prefer that the Swissy did

I waited for the London Open and the high volume hammer into the confluence of the daily pivot and 50% retrace of yesterday's range was - for me - a nice buy
ing opportunity.....
nice one
Have I got something on my face, SOLDIER?
  • #15,292
  • Dec 16, 2011 3:33am Dec 16, 2011 3:33am
Quoting egyptain
good morning all

i think this potential pattern deserve to trade
the penetration of 1.3050 level will complete the pattern
i will add new long after 3050

what do you think guys ?
What pattern is that?
  • #15,293
  • Dec 16, 2011 3:39am Dec 16, 2011 3:39am
Quoting Tyoon
What pattern is that?
perhaps a complex h/s pattern
Have I got something on my face, SOLDIER?
  • #15,294
  • Dec 16, 2011 3:41am Dec 16, 2011 3:41am
Who Bull's
If there was easy money lying around,no one would be forcing it into your
  • #15,295
  • Dec 16, 2011 3:42am Dec 16, 2011 3:42am
Quoting bumapatria
perhaps a complex h/s pattern
Look at bit closer. There is a much clearer pattern happening. Perhaps toggle down a few TF.
  • #15,296
  • Dec 16, 2011 4:08am Dec 16, 2011 4:08am
EUR maintaining well itself above 1.30xx ... 1.3040 working as current R1, NY will decide this again some volatility will come during the news hrs may push the pair @ 1.31 level where the target would be reaching 1.32 ... other wise test the support @ 1.29xx
  • #15,297
  • Dec 16, 2011 4:11am Dec 16, 2011 4:11am
Possible scenario
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If there was easy money lying around,no one would be forcing it into your
  • #15,298
  • Edited 4:53am Dec 16, 2011 4:19am | Edited 4:53am
Hi guys,

I have just came for a second, as I have read interesting article.

I dont know if you have read cloggies comments about UK refusal of treaty amendment. But his main argument was, that City (London) is biggest clearing house in the world and treaty amendment would tax interbank tranfers. In fact bank transfer tax would be taxing Britain and a way how Britain would be donating Europe.

Now it flows on surface, that clogie was right. Germans are trying to suck money out of Britain. ECB is trying to forbid clearing of certain derivatives outside of EMU 17 Nations. Very protectionistic move. And even more stupid and sick, when you take into account that it means protectionism of EMU 17 against EU 27.

Britain is now suing ECB.
http://www.bloomberg.com/news/2011-1...mit-clash.html

Now this is seriously sick.

T
"I know one thing, that I know nothing." Sokrates
  • #15,299
  • Dec 16, 2011 4:23am Dec 16, 2011 4:23am
Quoting FXMindset
Possible scenario
Observing something similar. I don't have a bias, just keeping an eye on it.
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  • #15,300
  • Dec 16, 2011 4:34am Dec 16, 2011 4:34am
Quoting Tyoon
Observing something similar. I don't have a bias, just keeping an eye on it.
Trying long
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If there was easy money lying around,no one would be forcing it into your
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