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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #16,181
  • Dec 23, 2011 7:14am Dec 23, 2011 7:14am
Quoting PipTrapper
Now I know why he's late. I hope he doesn't get any jail time.

http://www.addfunny.com/funnypicture...8/santalaw.gif

HAHAHA. Thanks I needed that.

I feel like chit today. Nothing serious, just a reaction to one of the medications I have to take every couple weeks that upset my stomach a bit. I just can't focus today.


Ladies and gentlemen. Be very, very careful trading today. I'd be suspect of any moves in this very thin volumes ahead of the holidays. Personally I'm sticking to my guns on trades I am already in and not planning on exiting any of them or adding any position in any other pair today.
I don't care which way the market is going as long as it's going my way
  • #16,182
  • Dec 23, 2011 7:21am Dec 23, 2011 7:21am
All I can say is: the fundamentals are most definitely proving stronger than the technicals.
Mark ... Everything you have been told is a LIE
  • #16,183
  • Dec 23, 2011 7:21am Dec 23, 2011 7:21am
Quoting PipTrapper
Now I know why he's late. I hope he doesn't get any jail time.
hah, poor st nick.

the next 2-3 months are going to get super interesting. between the released of 4Q11 earnings, short term effects of LTRO as debt matures, & real impact on european consumers, it stands to reason that the bottom has not yet arrived.

i do know that, strategically, i won't be holding a large short position after january. there are so many wild cards coming into play including (but certainly not limited to) QE3, further euro QE, US electoral posturing, commodity spikes.

on the commodity note, i find it scary that while consumer retail food prices continue to increase, the actual grains are down 20% YOY (excluding wheat). increased inflation + grain spikes is going to decimate the US middle class consumer... factor in a european recession.. and i just dont know about 1.36.
Any prices quoted are futures
  • #16,184
  • Dec 23, 2011 7:34am Dec 23, 2011 7:34am
Knoholygrail,

I agree with you.....this is one of the best if not the best theads for Eur/USD info & the really nice part is for the most part everyone gets along well. There are some great traders sharing their ideas, views & comments here. What PipTrapper started has turned into something really great.

Again, thank you for your views & willingness to help & lend a kind word to the members. Merry Christmas & A Happy New Year.

_________________________
  • #16,185
  • Dec 23, 2011 7:37am Dec 23, 2011 7:37am
PipKiller,

Another side splitter. You never cease to amaze us.
  • #16,186
  • Dec 23, 2011 7:38am Dec 23, 2011 7:38am
ECB buys few bonds for second week

European Central Bank bond buys a bare $25 million this week

http://finance.yahoo.com/news/ecb-bu...151108284.html

ECB will need to get back on the $20bio euro/week warpath. That prolly only hope euro bulls have....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #16,187
  • Dec 23, 2011 7:45am Dec 23, 2011 7:45am
Quoting spzd
All I can say is: the fundamentals are most definitely proving stronger than the technicals.
I think the technicals are matching up with the fundamentals pretty well. I still think we are in a downtrend. Although it may be the USD that gets weak pretty soon ( a couple weeks).
  • #16,188
  • Dec 23, 2011 7:47am Dec 23, 2011 7:47am
It's a wrap. I'm off for the weekend.
Much turkey, lamb, xmas pudding and booze to consume.

Enjoy everybody. The last 3 months have been the blast and I'm looking forward to many more quarters to come

PT

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #16,189
  • Dec 23, 2011 7:48am Dec 23, 2011 7:48am
Quoting redteamgo
hah, poor st nick.

the next 2-3 months are going to get super interesting. between the released of 4Q11 earnings, short term effects of LTRO as debt matures, & real impact on european consumers, it stands to reason that the bottom has not yet arrived.

i do know that, strategically, i won't be holding a large short position after january. there are so many wild cards coming into play including (but certainly not limited to) QE3, further euro QE, US electoral posturing, commodity spikes.

on the commodity note, i find it scary that while...
Stay nimble and flexible and don't fight the markets. There is a lot going on and 2012 will offer up plenty of opportunity...... But it's all going to come to an end on Dec 21 2012 anyways so what's the point in trading.

It's time to party like it's 1999

Inserted Video
I don't care which way the market is going as long as it's going my way
  • #16,190
  • Dec 23, 2011 7:50am Dec 23, 2011 7:50am
Quoting SOnSOn
I think the technicals are matching up with the fundamentals pretty well. I still think we are in a downtrend. Although it may be the USD that gets weak pretty soon ( a couple weeks).
Your correct for the most part, but my technicals were showing a definite indication for a decent correction. Didn't happen.
Mark ... Everything you have been told is a LIE
  • #16,191
  • Dec 23, 2011 7:54am Dec 23, 2011 7:54am
Quoting spzd
Your correct for the most part, but my technicals were showing a definite indication for a decent correction. Didn't happen.
Your right about the correction it could have been higher, but their was a divergence on the 1hr chart for a move downward.

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  • #16,192
  • Dec 23, 2011 7:58am Dec 23, 2011 7:58am
Closed out a few hours ago. Hope PT gets his short soon for next year. Don't worry PT, patience pays off.

http://i.dailymail.co.uk/i/pix/2008/...67_468x481.jpg
  • #16,193
  • Dec 23, 2011 8:00am Dec 23, 2011 8:00am
PipTrapper,

Enjoy the time off & keep us informed in 2012 as it will surely shape up to be an interesting year. MERRY CHRISTMAS.

_____________________
  • #16,194
  • Dec 23, 2011 8:21am Dec 23, 2011 8:21am
Quoting SOnSOn
Your right about the correction it could have been higher, but their was a divergence on the 1hr chart for a move downward.

Attachment
I don't use divergence, but my H1 also pointed for this to come back down. It gave a heads up about 0300 ET and carried through on the down this morning.
Mark ... Everything you have been told is a LIE
  • #16,195
  • Dec 23, 2011 8:24am Dec 23, 2011 8:24am
Keep fighting till the end
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Btw where is Is Buma Patricia - Keep looking him Jumping one thread to another thread
If there was easy money lying around,no one would be forcing it into your
  • #16,196
  • Dec 23, 2011 9:19am Dec 23, 2011 9:19am

Looks like the Italians are having a Santa Claus rally of their own...

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Kill the ego, or it will kill the mission.
  • #16,197
  • Dec 23, 2011 9:42am Dec 23, 2011 9:42am
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  • #16,198
  • Dec 23, 2011 10:27am Dec 23, 2011 10:27am
Quoting rekon67
http://youtu.be/dq2CXCtknVc
That's great

To everyone all over the world no matter what your beliefs.

Have a fantastic weekend!!!
I don't care which way the market is going as long as it's going my way
  • #16,199
  • Dec 23, 2011 10:41am Dec 23, 2011 10:41am
Merry XMAS all !!!!!
  • #16,200
  • Dec 23, 2011 10:52am Dec 23, 2011 10:52am
Quoting PipKiller
That's great

To everyone all over the world no matter what your beliefs.

Have a fantastic weekend!!!
Backatcha PT and thanks for all, you've really been an inspiration for me in the last month, since I'm on FF.

Also, thanks to all the people who contributed on this thread with their insights, fundamental and technical analysis (including, my favorite bs analysis, astro cycles, that is ).

Merry Christmas every one
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