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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #25,861
  • Apr 3, 2012 12:43am Apr 3, 2012 12:43am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Times in GMT

Two different sources announced EFSF auction in different times.
Couldn't confirm is it at 8:00 or 10:00.

Info about auction
http://www.efsf.europa.eu/mediacentr...ll-auction.htm

More about EFSF auctions: http://www.efsf.europa.eu/attachments/faq_en.pdf



8:00EUR EFSF to Sell Up to EUR2 Bln 91-Day Bills
8:30EUR "Passera, BAnk of Italy Franco Speak at Conference"
9:30GBPUK: Gbp 3.25bn 4% Mar 2022 conventional Gilt
10:00EUREFSF:Up to Eur 2.0bn Jul 2012 (3M) T-bill auction
14:30GBPUK: Details Conventional Gilt auctions on Apr 11 & 12
15:30USD U.S. to Sell 4-Week Bills
15:30USD U.S. to Sell USD26 Bln 52-Week Bills
18:00USD Fed Releases Minutes from March 13 FOMC Meeting
  • #25,862
  • Apr 3, 2012 12:58am Apr 3, 2012 12:58am
Quoting AFXFin
Times in GMT

Two different sources announced EFSF auction in different times.
Couldn't confirm is it at 8:00 or 10:00.

Info about auction
http://www.efsf.europa.eu/mediacentr...ll-auction.htm

More about EFSF auctions: http://www.efsf.europa.eu/attachments/faq_en.pdf



8:00EUR EFSF to Sell Up to EUR2 Bln 91-Day Bills
8:30EUR "Passera, BAnk of Italy Franco Speak at Conference"
9:30GBPUK: Gbp 3.25bn 4% Mar 2022 conventional Gilt
[u]10:00EUREFSF:Up to Eur...
Good morning Finney. I am wondering if we will see another V day today
Those who say it cannot be done should not interrupt those who are doing it
  • #25,863
  • Apr 3, 2012 1:18am Apr 3, 2012 1:18am
Quoting AFXFin
Times in GMT

Two different sources announced EFSF auction in different times.
Couldn't confirm is it at 8:00 or 10:00.
Maybe 08:00 GMT (10:00 Frankfurt Time) ?
Those who say it cannot be done should not interrupt those who are doing it
  • #25,864
  • Apr 3, 2012 1:19am Apr 3, 2012 1:19am
Hi PT, Good Morning!

What is AB=CD retracement? Can u pls explain. Thanks.
  • #25,865
  • Apr 3, 2012 1:22am Apr 3, 2012 1:22am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Maybe 08:00 GMT (10:00 Frankfurt Time) ?
Well, in other source all times were GMT and an another they were GMT +4. No time in EFSF page....
  • #25,866
  • Apr 3, 2012 1:22am Apr 3, 2012 1:22am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
Hi PT, Good Morning!

What is AB=CD retracement? Can u pls explain. Thanks.
Inserted Video
  • #25,867
  • Apr 3, 2012 1:24am Apr 3, 2012 1:24am
Quoting AFXFin
http://www.youtube.com/watch?v=d6tlZzkqfHw
Thx AFX .. but could not able to see any videos from my network .. any picture available?
  • #25,868
  • Apr 3, 2012 1:24am Apr 3, 2012 1:24am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Good morning Finney. I am wondering if we will see another V day today
Gutten morgen PT - Since these days has been quite odd last 2 weeks I don't even try to predict any movements of a day. Sideways till something happens - though this still looks sort of bullish...
  • #25,869
  • Apr 3, 2012 1:25am Apr 3, 2012 1:25am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
Thx AFX .. but could not able to see any videos from my network .. any picture available?
I'm no expert on that - I'll let PT to explain it to you. PT?
  • #25,870
  • Apr 3, 2012 1:26am Apr 3, 2012 1:26am
Quoting rekon67
Hi PT, Good Morning!

What is AB=CD retracement? Can u pls explain. Thanks.
AB=CD is one of the popular harmonic patterns.

In a bearish AB=CD:
First you get an AB move of say 100 pips down
Then it retraces a BC leg upwards between 61.8% to 78.6% (approx 61 to 79 pips)
Then it continues down to form a 100 pip CD leg (the same size as the AB leg)

So an AB=CD retracement is the BC leg

In a bullish AB=CD, it's the opposite of the above.

http://www.harmonictrader.com/abcdbullre.jpghttp://www.harmonictrader.com/abcdbearre.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #25,871
  • Apr 3, 2012 1:29am Apr 3, 2012 1:29am
Quoting PipTrapper
AB=CD is one of the popular harmonic patterns.

In a bearish AB=CD:
First you get an AB move of say 100 pips down
Then it retraces a BC leg upwards between 61.8% to 78.6% (approx 61 to 79 pips)
Then it continues down to form a 100 pip CD leg (the same size as the AB leg)

So an AB=CD retracement is the BC leg

In a bullish AB=CD, it's the opposite of the above.

http://www.harmonictrader.com/abcdbullre.jpg
Excellent PT! Which TF to consider Daily?
  • #25,872
  • Apr 3, 2012 1:40am Apr 3, 2012 1:40am
A perfectly Ranging Market in Daily TF!
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  • #25,873
  • Apr 3, 2012 1:57am Apr 3, 2012 1:57am
Quoting rekon67
Excellent PT! Which TF to consider Daily?
If you apply this pattern on a daily chart projection, then A is the 1.3485 high, B is the 1.30 low, C is the current 1.3380 high which is a 78.6% retrace of the 3485-30 move down

Based on that, assuming that this will be an AB=CD pattern, the projection is 1.29 area

There are other AB=CD variants where the CD leg is either 1.27 times longer (1.27 x AB + CB) or 1.618 times longer (1.618 x AB = CD)

On the 1.27 x AB = CD, the projection would be approx 1.2765 area
On the 1.618 x AB = CD, the projection would be approx 1.2595 area

http://www.harmonictrader.com/abcdaltbullre.PNGhttp://www.harmonictrader.com/abcdaltbearre.PNG
Those who say it cannot be done should not interrupt those who are doing it
  • #25,874
  • Apr 3, 2012 2:08am Apr 3, 2012 2:08am
ranges; 1.3350 still the key

Attached Image (click to enlarge)
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charting the euro...
  • #25,875
  • Apr 3, 2012 2:29am Apr 3, 2012 2:29am
got bored to death... damn... made some profit but market is really tight.
Rabbitwalk in front of a snake. Not my market.
watch damn auctions today...these ESM stuff really .

Good luck...back in 2 hours when this sh... is over !

Jack
  • #25,876
  • Apr 3, 2012 2:33am Apr 3, 2012 2:33am
USDX Daily
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If there was easy money lying around,no one would be forcing it into your
  • #25,877
  • Apr 3, 2012 3:21am Apr 3, 2012 3:21am
Once again, the sun is shining and I need some. So I'm off to smell the fresh air and soak in the UV rays.
I will be back before NY opening bell.
Those who say it cannot be done should not interrupt those who are doing it
  • #25,878
  • Apr 3, 2012 3:23am Apr 3, 2012 3:23am
Are we in for another fall??

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Click to Enlarge Name: genuinelyFX_2012.04.03_eurusd_30m.jpg Size: 178 KB
charting the euro...
  • #25,879
  • Apr 3, 2012 3:28am Apr 3, 2012 3:28am
Quoting PipTrapper
If you apply this pattern on a daily chart projection, then A is the 1.3485 high, B is the 1.30 low, C is the current 1.3380 high which is a 78.6% retrace of the 3485-30 move down

Based on that, assuming that this will be an AB=CD pattern, the projection is 1.29 area

There are other AB=CD variants where the CD leg is either 1.27 times longer (1.27 x AB + CB) or 1.618 times longer (1.618 x AB = CD)

On the 1.27 x AB = CD, the projection would be approx 1.2765 area
On the 1.618 x AB = CD, the projection would be approx 1.2595 area

http://www.harmonictrader.com/abcdaltbullre.PNGhttp://www.harmonictrader.com/abcdaltbearre.PNG...
Gr8! Thanks PT!
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  • #25,880
  • Apr 3, 2012 4:02am Apr 3, 2012 4:02am
Hello Buma! How r ya?
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