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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #21,141
  • Jan 27, 2012 1:29pm Jan 27, 2012 1:29pm
Quoting Harpe Eagle
Closed my last long on eu for 353 pips and 2 longs on ej one closed for 30 pips and 1 still running (hoping for intervention )
You took the same long I did! WTG! Congrats!
I observe your reality but live my own.
  • #21,142
  • Jan 27, 2012 1:30pm Jan 27, 2012 1:30pm
Why you guys are worried just watch out for the point PT yellow spotted ..there you put one portion of the Sell ... further check for the Orange Spot of the PT ... put some money there ... then seat back and relax ...enjoy the Holy Grail
  • #21,143
  • Jan 27, 2012 1:36pm Jan 27, 2012 1:36pm
Quoting Gofer Pips
That would be my bet!
I would love to work in a trading house for a day or two just to get a taste at what their doing.

If I were to speculate as zone for a reversal it would be around here. If this pair continues to rally I might get my elliot wave charts out again. Lol they have been correct so far

..
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  • #21,144
  • Jan 27, 2012 1:46pm Jan 27, 2012 1:46pm
Quoting Cgb
After 8 days (when I tought it would take only 5 to 7), I closed my long from 1.2850 when it broke out of the formation (http://www.forexfactory.com/showthre...61#post5310861). I'm still short 55 points from overbought target, but I think that 1.3200 is a round pivital number and closed the position at 1.3210 as it started to come back down. 360 pips on that play based purely on technicals. Too bad I was only using .01 lots on this play!

Doesn't matter the dollar amount I made on this, what is important to me is that it is...
Good job Bro'!
  • #21,145
  • Jan 27, 2012 1:57pm Jan 27, 2012 1:57pm
Quoting rekon67
Why you guys are worried just watch out for the point PT yellow spotted ..there you put one portion of the Sell ... further check for the Orange Spot of the PT ... put some money there ... then seat back and relax ...enjoy the Holy Grail
The high is only 30 pips away from yellow. Waiting with my hammer.

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Those who say it cannot be done should not interrupt those who are doing it
  • #21,146
  • Jan 27, 2012 2:10pm Jan 27, 2012 2:10pm
have a good weekend guys
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,147
  • Jan 27, 2012 2:12pm Jan 27, 2012 2:12pm
Quoting Cgb
You took the same long I did! WTG! Congrats!
Thanks..!
What about your long?
Bulls Run. Bears Bite. We Profit.
  • #21,148
  • Jan 27, 2012 3:14pm Jan 27, 2012 3:14pm
Worth watching.

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  • #21,149
  • Jan 27, 2012 7:59pm Jan 27, 2012 7:59pm
Quoting Tyoon
Finch downgrades but there seems to be an odd appetite for Euros. The other day was all about selling Dollars, today is all about buying Euros giving this pair a charge.

Are there any rational reasons for a bullish Euro today?

..
There was massive shorts in EUR/USD so perhaps there might be a settlement and traders wanted out before Monday. I will do my research on Saturday...

Yen is very strong and Gold moved higher so US Dollar is definitely weaker and this also helps Euro move up.
  • #21,150
  • Jan 27, 2012 8:09pm Jan 27, 2012 8:09pm
Quoting Gofer Pips
That would be my bet!
I haven't found anything anywhere yet that would make me believe that EZ have gotten all their sh*t in one sock.

I don't get many e-mail sources on this stuff, but maybe Kno may be able to expound.

I get about 300 emails each day. I'll do my reading on Saturday. Enjoy your weekend...
  • #21,151
  • Jan 27, 2012 8:16pm Jan 27, 2012 8:16pm
jun azumi and noda would not very happy with the recent yen's price... Japan authorities under pressure to step into the market amid they suffered the worst trade deficit first in 31years!!
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Bismillah
  • #21,152
  • Edited 9:28pm Jan 27, 2012 9:24pm | Edited 9:28pm
http://www.traderview.com/tedbits/TB...ook-pt1-nf.pdf

Snippet:


In socialist economies the elites eat the last productive elements of society to supposedly save the public. They are LOCUSTS as are their something

‐for‐nothing supporters, who have been impoverished by unsound money and the

policies of insolvency. They will eat and consume everything in the developed world as well as tomorrow’s production. Like the preverbal LOCUSTS, they will eat everything including the roots of their societies and the seed corn for the next year’s harvest. This is what the developed world’s economies are facing…


“When the people find that they can vote themselves money, that will herald the end of the Republic. This
constitution in time will fail, as all such efforts do. And it will fail because of the corruption of the people, in a
general sense.” ~ Benjamin Franklin




Instead, public servants, elites, crony capitalists and banksters are transferring what wealth is left from the public to themselves one way or another. The public is only their fool for believing what they have been told by their government and banking masters. This is cannibalism of the worst sort and it results in the DEATH of wealth creation, for to create wealth becomes a CRIME against the mob and against those who don’t create wealth. Look no further than the White House leading impoverished mobs against the private sector; these people’s lives have been destroyed by the very people they are supporting: Progressive SOCIALIST/MARXISTS.

There are dozens of Greeces, Italys and Portugals in the United States: Illinois, California and Michigan to name a
few. Insolvency after insolvency will emerge as

regulatory forbearance is exposed as the institutional corruption that
it is. Trillions in unpayable pension obligations, Social Security, Medicare and Medicaid obligations will NEVER be
paid, or they will simply print the money to pay them until the money is accepted NO MORE. This is actually the way
it will play out. A Crack‐up Boom looms.

Until the right to PRIVATE property is restored wealth generation cannot resume and will continue to fail. Private
property rights were ended at Bretton Woods II in August 1971. Between regulation and taxation, private property is
nothing more than a myth, as is the myth that the dollar is as good as gold or money. It is an IOU as are all FIAT
currencies in the world; the promises to pay by morally and fiscally‐bankrupt governments, elites, and central
banksters. This is why the middle class is desperate and destroyed; the purchasing power has been stolen out of
their money, and in the process of maintaining their lifestyles they have become serfs and debt slaves.
In the next edition of TedBits we will be covering the 2012 Outlook for Stocks, Bonds, Precious Metals and the death


of Capitalism. Don’t miss it. Subscriptions are FREE at www.traderview.com

  • #21,153
  • Jan 28, 2012 1:39am Jan 28, 2012 1:39am
Hey guys be careful if u r thinking about taking on shorts before next month

Hedge and pension funds need to fix their books for the monthly roll.... And with the massive moves in equities and bonds this leads to a high probability of more USD deleveraging...

Look for the GU and AU to push up, EU possibly falls into a
Range and a drop in UCAD, UJ, and UCHF(obviously be careful about shorting UJ and Uchf with the threat of CB intervention)
  • #21,154
  • Jan 28, 2012 2:10am Jan 28, 2012 2:10am
Quoting Wulfgar
Hey guys be careful if u r thinking about taking on shorts before next month

Hedge and pension funds need to fix their books for the monthly roll.... And with the massive moves in equities and bonds this leads to a high probability of more USD deleveraging...

Look for the GU and AU to push up, EU possibly falls into a
Range and a drop in UCAD, UJ, and UCHF(obviously be careful about shorting UJ and Uchf with the threat of CB intervention)
wonder what happened here bro

i dont happen to look at yen much but its a nice view

what changed the sentiment here?
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Have I got something on my face, SOLDIER?
  • #21,155
  • Jan 28, 2012 2:16am Jan 28, 2012 2:16am
Quoting Wulfgar
Hey guys be careful if u r thinking about taking on shorts before next month

Hedge and pension funds need to fix their books for the monthly roll.... And with the massive moves in equities and bonds this leads to a high probability of more USD deleveraging...

Look for the GU and AU to push up, EU possibly falls into a
Range and a drop in UCAD, UJ, and UCHF(obviously be careful about shorting UJ and Uchf with the threat of CB intervention)
wow very interesting view from u..tq
Bismillah
  • #21,156
  • Jan 28, 2012 2:46am Jan 28, 2012 2:46am
Quoting Wulfgar
Hey guys be careful if u r thinking about taking on shorts before next month

Hedge and pension funds need to fix their books for the monthly roll.... And with the massive moves in equities and bonds this leads to a high probability of more USD deleveraging...

Look for the GU and AU to push up, EU possibly falls into a
Range and a drop in UCAD, UJ, and UCHF(obviously be careful about shorting UJ and Uchf with the threat of CB intervention)
Surely not taking any trade without proper clue and confirmation. Best Advise. Cheers!
  • #21,157
  • Jan 28, 2012 5:47am Jan 28, 2012 5:47am
Quoting bumapatria
wonder what happened here bro

i dont happen to look at yen much but its a nice view

what changed the sentiment here?
http://www.thetechnicaltraders.com/t...hining-bright/

This relates to the Dow, Gold and other topics including some excellent charts. Here is what happened in Japan this week to cause the Yen to get stronger...

http://www.msnbc.msn.com/id/46123560

Have a Good Weekend ...
  • #21,158
  • Jan 28, 2012 5:54am Jan 28, 2012 5:54am
Quoting knoholygrail
I get about 300 emails each day. I'll do my reading on Saturday. Enjoy your weekend...
My thoughts before I read the following article this morning appears to have been correct. With a much more detailed explanation and overview I attach the following link.

http://www.forexlive.com/blog/2012/0...rexLive.com%29

Snippet:

The short-covering rally in EUR/USD accelerated today after NY Fed chief Dudley pour a few more gallons of gasoline on the QE3 fire started by Bernanke on Wednesday. Much of the move was technical in nature but a sharp drop in European bond yields aided the euro’s cause (except for Portuguese yileds, which trades as though they are headed for Grecian levels..)

EUR/USD weakened early in New York as a thinly-sourced story about Greece preparing to leave the euro zone made the rounds but we got directional on the European close and jumped from 1.3110 through 1.3200 resistance by early afternoon. The catalyst for the sustained break of 1.3200 was the failure of EUR/USD to fall materially after Fitch unexpectedly downgraded 35% of the euro zone. EUR dipped to 1.3165 momentarily but soon spiked as shorts realized there wasn’t gonna be a dip to buy today and raced to get back shorts before the weekend. 1.3235 was the traded high, quiet close to important resistance at 1.3245, the 38.2% retracement of the 1.4250/1.2625 decline.
  • #21,159
  • Jan 28, 2012 6:45am Jan 28, 2012 6:45am
One of the things that I find very helpful when trading is to try to figure out the mindset of the markets. I bring this up now because of what happened to EUR/USD as it rose after the Europe close. I was away from the markets doing other things and so these comments are made after finding out what most likely happened. If I had been trading and I saw the EUR/USD move up the first thing that I would do is try to find out why.

I find this to be very important since it helps me see if there is something out there that might change the status quo. If that does happen I have an open mind to maybe change my view of the short term trend of EUR/USD. For myself the short term trend is set by myself about a week ahead. I do not use charts to set this call. I use knowledge of the present pyschology of the market looking ahead to upcoming matters. One of these matters at the moment is the resolution of the Greece problem.

One of the thinking process that I use is to see how the markets react to the news coming out. When the Fitch downgrade did not have much effect on EUR/USD as explained then it was easier to see the present mindset of EUR/USD was to go up. There were reasons for that of course. There was very positive spin or fact that the Greece solution was near. I just found this interesting article on that that just came out on the privatizations talks that we do not hear much about.

http://www.ekathimerini.com/4dcgi/_w...01/2012_424776

I find everything... I hope you can read Greek. If the solution is not there than expect a massive sell off in the Euro since expectations are so high again.

Here is the bottom line in this post of mine. While I trade I am always thinking about PERCEPTIONS in the markets. Human Natue is another way to put it. I have good skills in this area so by trying to understand the market mindset and being able to evaluate how new news or spin might affect the Human Pysche, I have an EDGE in anticipating events and I can look forward to NEW REALITIES such as there possibly being a Greek Debt Default...

I would be glad to answer questions on this subject. This is beyond fundamentals and technicals and other things such as Risk On or Risk Off or Money Flow. It is about trying to understand the mindset of the market at the moment and BE AWARE of what may happen in the FUTURE to change PERCEPTIONS back to REALITY which then causes a change in the value of the Asset Classes that you trade.
  • #21,160
  • Jan 28, 2012 7:06am Jan 28, 2012 7:06am
Interesting post, thanks.
What are your opinions on PIIGS government bonds? They seem to shoot up like a rocket, i don't think that's a good sign. But i don't have the understanding yet to put this into a context with the economy of the PIIGS states, so i would appreciate some help.
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