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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #26,581
  • Apr 11, 2012 5:14am Apr 11, 2012 5:14am
Quoting AFXFin
Market seem to be going up and fast. My robots just got crazy making profits.

PT, how are your shorts. Still dry?
two of them are very dry and green. Only the one from this morning is a bit damp.
Those who say it cannot be done should not interrupt those who are doing it
  • #26,582
  • Apr 11, 2012 5:14am Apr 11, 2012 5:14am
Quoting AFXFin
Market seem to be going up and fast. My robots just got crazy making profits.

PT, how are your shorts. Still dry?

lol..u sounds like the Male frog getting excited on early rain!
  • #26,583
  • Apr 11, 2012 5:29am Apr 11, 2012 5:29am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
lol..u sounds like the Male frog getting excited on early rain!
No, I was just worried if Tsunami hit Malta and wet PT's favorite outfit...

ADD: Here in North it is too cold for Shorts - I prefer long underwear till ice has melted from channel below my window.
Yesterday when I was watching from a window to the channel, there was a group of scuba divers from fire department practicing - they seem to have fun jumping on ice slates.
  • #26,584
  • Apr 11, 2012 5:37am Apr 11, 2012 5:37am
Quoting AFXFin
No, I was just worried if Tsunami hit Malta and wet PT's favorite outfit...

ADD: Here in North it is too cold for Shorts - I prefer long underwear till ice has melted from channel below my window.
Yesterday when I was watching from a window to the channel, there was a group of scuba divers from fire department practicing - they seem to have fun jumping on ice slates.
  • #26,585
  • Apr 11, 2012 5:38am Apr 11, 2012 5:38am
Quoting AFXFin
No, I was just worried if Tsunami hit Malta and wet PT's favorite outfit...

ADD: Here in North it is too cold for Shorts - I prefer long underwear till ice has melted from channel below my window.
Yesterday when I was watching from a window to the channel, there was a group of scuba divers from fire department practicing - they seem to have fun jumping on ice slates.
The fire department in Malta practice by throwing lit matches in a bucket of water and then throwing gasoline over it after the match extinguishes
Those who say it cannot be done should not interrupt those who are doing it
  • #26,586
  • Apr 11, 2012 5:40am Apr 11, 2012 5:40am
EURUSD-sell limit triggered 1.3155/ SL 1.3295/ 1st target 1.3080



AUDUSD-closed long AudUsd opened @1.02280 tp 1.0278

1.0225 was 88.6 of last swing high from 1.0144

will re-enter buy limit 1.0275 SL 1.2000
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  • #26,587
  • Apr 11, 2012 5:40am Apr 11, 2012 5:40am
http://www.actionforex.com/action-in...0120411163151/

Daily Report: Risk Aversion Dominates but Currency Markets Steady

Risk aversion continues to dominate markets on Spain's situation even though that's not being reflected in the currency markets. Spain's 10 year benchmark yield is pressing 6% and would like continue to rise today. Prime minister Rajoy said that there a "a good part of Spain' future is at stake" and "the problem is that the markets can lend or decide not to lend". Economic minister Luis de Guindos noted that recession could be deeper than expected and Spain's central bank chief warned that banks may need additional capital if the recession deepens. While it's being ruled out by Spanish officials, markets are worrying that Spain will eventually need to follow Greece, Ireland and Portugal to seek a bailout.

And the bigger problem is that the magical power of ECB's three-year LTRO seemed to be fading quickly as Italy yield is also back at around 5.7% level. Two rounds of ultra-long three year LTRO was initiated back in December and February to offer banks with cheap loans at 1% rate. 523 banks tapped into EUR 489b in the first round and around 800 tapped into EUR 529b in the second round. But now, Italian and Spanish yield are back above pre-LTRO levels and there are talk that we could see LTRO 3 from ECB before QE3 from Fed.

There are reports that IMF is poised to lower long-term forecast of China's current account surplus sharply in its World Economic Outlook to be published later this month. It's reported that a reduction from 7% of GDP to 5% was discussed and in that case, would markedly weaken the case that the Chinese yuan is undervalued. Back in 20007, China's CA surplus reached as high as 10.1% and formed the basis of argument that yuan was "substantially undervalued". However, the CA surplus then dropped deeply in the following years and was just at 2.8% of GDP in 2011.

On the data front, UK BRC sales monitor rose 1.3% yoy in March. Japan machine orders rose 4.8% mom in February. Australia Westpac consumer sentiment dropped -1.6% in April. Looking ahead, Canada housing starts are expected to be steady at 202k in March. US import price is expected to rise 0.9% mom in March. Fed will also release the Beige Book economic report.
  • #26,588
  • Apr 11, 2012 5:42am Apr 11, 2012 5:42am
Quoting Gofer Pips
EURUSD-sell limit triggered 1.3155/ SL 1.3295/ 1st target 1.3080



AUDUSD-closed long AudUsd opened @1.02280 tp 1.0278

1.0225 was 88.6 of last swing high from 1.0144

will re-enter buy limit 1.0275 SL 1.2000
Holy monkey ears. You're back.
Those who say it cannot be done should not interrupt those who are doing it
  • #26,589
  • Apr 11, 2012 5:49am Apr 11, 2012 5:49am
When I am posting this my desk started shaking again!... Will execute sale from the ground..leaving the building now..
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  • #26,590
  • Apr 11, 2012 5:49am Apr 11, 2012 5:49am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
The fire department in Malta practice by throwing lit matches in a bucket of water and then throwing gasoline over it after the match extinguishes
Well, these guys were not practicing fire distinguishing, but ice rescue. It would have been like trying to burn ice...

Yearly there a amount of people without sensible instinct for self-protection who try to short cut through spring ice... quite many of them are removed from genetic pool of humankind by reason...
  • #26,591
  • Apr 11, 2012 5:51am Apr 11, 2012 5:51am
Quoting Gofer Pips
EURUSD-sell limit triggered 1.3155/ SL 1.3295/ 1st target 1.3080



AUDUSD-closed long AudUsd opened @1.02280 tp 1.0278

1.0225 was 88.6 of last swing high from 1.0144

will re-enter buy limit 1.0275 SL 1.2000
Back With A Bang .....Nice short
Bulls Run. Bears Bite. We Profit.
  • #26,592
  • Apr 11, 2012 5:53am Apr 11, 2012 5:53am
Hello everyone

EU its up
If there was easy money lying around,no one would be forcing it into your
  • #26,593
  • Edited 6:01am Apr 11, 2012 5:55am | Edited 6:01am
Technical Levels From EUR/USD Trader...

Resistance

1.3200 21 Day MA

1.3179 10 Day MA

1.3165 Daily High April 5

1.31577 Daily High Today 6:00 AM EST

Support 1.3100 Round Number

And Now To Set Goalposts and get ready for Retail Effect Pattern from 7:00 AM EST and 9:30 AM EST and NEW DATA to come out in this period.

Risk On or Risk Off ?

Oil is up at 101.57 Up $.55 cents

Dow Futures Up 80

Europe is UP now...

Risk Is ON for NOW...

The Yields are at .30% for the 2 Year US Bonds and 2.02% for the 10 Year US Bonds with the spread 172 Basis Points.

We had TWO BIG DOWN days so this could be a normal bounce.

I have NO BIAS which way it will go. I will watch the Money Flow and see where the Asset Classes move.

EUR/USD is at 1.3146 and my Correlation Currency EUR/JPY is at 1.0627

USD/JPY is at 80.84 and I will WATCH if it Moves UP or Down. USD/CAD is at 1.0017 17 Basis Points Over Par...

EUR/CHF is holding at 1.2011 and SNB will INTERVENE if it goes below 1.2000 so it MUST BE WATCHED...

Now I am off to get the Montreal Gazette, Make Breakfast and SEE if a Trade Plan develops. For The Moment I Just OBSERVE.

Good Morning Everyone !!!

Good Chart GoferPips

P.S. PipTrapper

Thanks for the PM... I just deleted it Good Morning to You...

Trade The News
Wednesday, Apr 11th

01:00 JPY BOJ Monthly Report

08:15 CAD Housing Starts

08:30 USD Import Prices

10:30 USD Crude Oil Inventories

14:00 USD Beige Book; Federal Budget Balance

17:30 USD FOMC Member Yellen Speaks

21:00 AUD MI Inflation Expectations
  • #26,594
  • Apr 11, 2012 5:58am Apr 11, 2012 5:58am
Quoting AFXFin
Well, these guys were not practicing fire distinguishing, but ice rescue. It would have been like trying to burn ice...

Yearly there a amount of people without sensible instinct for self-protection who try to short cut through spring ice... quite many of them are removed from genetic pool of humankind by reason...
Yes it's called "Natural Selection"

http://lostinreviews.com/wp-content/...election-1.png
Those who say it cannot be done should not interrupt those who are doing it
  • #26,595
  • Apr 11, 2012 5:59am Apr 11, 2012 5:59am
31456 in play again. Damn I like this number.
"I know one thing, that I know nothing." Sokrates
  • #26,596
  • Apr 11, 2012 6:11am Apr 11, 2012 6:11am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Yes it's called "Natural Selection"
Or a favor to humankind....
  • #26,597
  • Apr 11, 2012 6:14am Apr 11, 2012 6:14am
Good morning/afternoon folks.

So boooooooooring….
Let me just contemplate with you, looking on my chart…
No power, no steam, no energy in the market.
The market definitely needs an impulse.
As there are no significant news coming in today, I think the impulse must come out from the charts.
One of the strongest patterns is double bottom formation.
If we won’t trade above 1.3150 today, I think euro must be heading down to retest its previous strong ascending support line (RED), building by the way a foundation of future double bottom pattern, a trampoline to jump to 1.32500-1.32800.
Certainly, the scenario is rejected if price breaks thru the support line.
Well, that’s what I see today on my chart.

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Read Charts - Not Papers
  • #26,598
  • Apr 11, 2012 6:25am Apr 11, 2012 6:25am
Quoting FXMindset
Hello everyone

EU its up
up and up again
If there was easy money lying around,no one would be forcing it into your
  • #26,599
  • Apr 11, 2012 6:42am Apr 11, 2012 6:42am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting FXMindset
up and up again
Sounds like paid commercial:

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  • #26,600
  • Apr 11, 2012 6:48am Apr 11, 2012 6:48am
Price is holding 1.3135,in H4 and Daily price is showing now 1.3180-90 and then many chance of reversal to 1.308...
Bulls Run. Bears Bite. We Profit.
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