EurAnalysis | Page 1358 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #27,141
  • Apr 18, 2012 1:36pm Apr 18, 2012 1:36pm
Quoting PipTrapper
Okay New York is trading stocks. Now we see what happens.

Also remember options expiries in 30 mins at 1400GMT

The last few days we got some wild moves at that time.
hi everyone.i am still nursing my wounds from yesterday injuries,i am in recovery. pip trapper in your above post u said option expire at 1400 gmt, probably u mean 1500 gmt as we here in london already corrected time 1 hour forward a week or 2 ago. thanks
Allah has permitted trade and has forbidden interest [koran]
  • #27,142
  • Apr 18, 2012 1:39pm Apr 18, 2012 1:39pm
Quoting CommercialB
...positive GDP growth but alas here again this paints a totally misleading picture as to the economic realities on the ground.
If anyone seeks a second opinion on CommercialB's excellent analysis above, I can confirm, yes, Ireland is indeed fooked.

That will be €20,000 thanks
  • #27,143
  • Apr 18, 2012 2:31pm Apr 18, 2012 2:31pm
Quoting ealexander
How do you do it manually? Why do you say there is no volume in forex?

Thanks
forex is an interbank market and volume is not availbale.u have volume available from future market but it is a small part of the whole interbank market.u have alternative in using tick volume but again it may be different depending on the broker.
i will strongly advice before u jump in to profiling the market u better read few books to understand the philosophy and logic behind it.the best books are 1.mind over market by dalton 2,cbot market profile manual 3,markets and market logic by steidlmayer 4 market profile by dalton and once u finish u have couple of more books on this subject which u may consider but they r not important.thanks
Allah has permitted trade and has forbidden interest [koran]
  • #27,144
  • Apr 18, 2012 2:53pm Apr 18, 2012 2:53pm
Quoting Pat Mustard
If anyone seeks a second opinion on CommercialB's excellent analysis above, I can confirm, yes, Ireland is indeed fooked.

That will be €20,000 thanks
Thanks Pat ... guess that'll be just resting in your a/c for a while then so!
The spoken word is your master, the unspoken word your slave.
  • #27,145
  • Apr 18, 2012 4:07pm Apr 18, 2012 4:07pm
Quoting drzakir123
... pip trapper in your above post u said option expire at 1400 gmt, probably u mean 1500 gmt as we here in london already corrected time 1 hour forward a week or 2 ago. thanks
Yeah it can be confusing with GMT & daylight saving hours in summertime, ie GMT + 1. Correct me if I'm wrong someone, but I believe it's that GMT time stays constant throughout the year and doesn't change, so when the clocks changed forward for summertime from eg 14.00 to 15.00, GMT still stays @ 14.00. So we'd have GMT @ 14.00, London summertime @ 15.00, and eg Frankfurt (CET) @ 16.00. Then in autumn we revert from summertime (GMT+1) back to plain GMT again.
The spoken word is your master, the unspoken word your slave.
  • #27,146
  • Apr 18, 2012 4:24pm Apr 18, 2012 4:24pm
Quoting CommercialB
Yeah it can be confusing with GMT & daylight saving hours in summertime, ie GMT + 1. Correct me if I'm wrong someone, but I believe it's that GMT time stays constant throughout the year and doesn't change, so when the clocks changed forward for summertime from eg 14.00 to 15.00, GMT still stays @ 14.00. So we'd have GMT @ 14.00, London summertime @ 15.00, and eg Frankfurt (CET) @ 16.00. Then in autumn we revert from summertime (GMT+1) back to plain GMT again.
That is correct, it also get called BST which is British Summer Time.
Good night and safe trading
  • #27,147
  • Apr 18, 2012 4:25pm Apr 18, 2012 4:25pm
http://www.zerohedge.com/news/quick-...n-debt-auction
Bulls Run. Bears Bite. We Profit.
  • #27,148
  • Apr 18, 2012 4:43pm Apr 18, 2012 4:43pm
Quoting drzakir123
hi everyone.i am still nursing my wounds from yesterday injuries,i am in recovery. pip trapper in your above post u said option expire at 1400 gmt, probably u mean 1500 gmt as we here in london already corrected time 1 hour forward a week or 2 ago. thanks
London time is currently BST which is GMT+1
Those who say it cannot be done should not interrupt those who are doing it
  • #27,149
  • Apr 18, 2012 4:44pm Apr 18, 2012 4:44pm
Quoting sftyler
That is correct, it also get called BST which is British Summer Time.
Good night and safe trading
Ah, BST it is thanks...another acronym for my collection!
The spoken word is your master, the unspoken word your slave.
  • #27,150
  • Apr 18, 2012 4:46pm Apr 18, 2012 4:46pm
Quoting CommercialB
Yeah it can be confusing with GMT & daylight saving hours in summertime, ie GMT + 1. Correct me if I'm wrong someone, but I believe it's that GMT time stays constant throughout the year and doesn't change, so when the clocks changed forward for summertime from eg 14.00 to 15.00, GMT still stays @ 14.00. So we'd have GMT @ 14.00, London summertime @ 15.00, and eg Frankfurt (CET) @ 16.00. Then in autumn we revert from summertime (GMT+1) back to plain GMT again.
Correct. I hope that didn't cost $20,000
Those who say it cannot be done should not interrupt those who are doing it
  • #27,151
  • Apr 18, 2012 5:06pm Apr 18, 2012 5:06pm
Quoting PipTrapper
London time is currently BST which is GMT+1
sorry its my mistake.ur right
Allah has permitted trade and has forbidden interest [koran]
  • #27,152
  • Apr 18, 2012 5:13pm Apr 18, 2012 5:13pm
Correct. I hope that didn't cost $20,000

.. and probably better value than that other "expert" one earlier!
The spoken word is your master, the unspoken word your slave.
  • #27,153
  • Apr 18, 2012 6:23pm Apr 18, 2012 6:23pm
Quoting PipTrapper
Correct. I hope that didn't cost $20,000
No that was free
  • #27,154
  • Apr 18, 2012 9:03pm Apr 18, 2012 9:03pm
Hi
Haven't made a post here for awhile. Thought the following was worth passing on.
Euro has been a frustrating trade and confusing.
I took a look at the line chart of closes for the daily/3 yr with a 200 sma.

Suggest you bring it up as well as the USDX and the Euro/Gbp
Draw some of the larger trend lines and you will see quite a wedge on Euro/USD going back to the start of the year.
We are testing the lower support now
This wedge has contained price.
It also suggests a stop on a short of about 1.3280 which would give some room for a test of the downtrendline which is currently at 1.3238

We are at the point in time where the Euro should have made a move to the downside technicaly. Since it has not done so as of yet it may just end up going sideways

The USDX also is in a wedge but it is consolidating and the 200 sma still points up.

Euro/GBP was of interest as it is on the lower side of a descending channel. Probably be a good short on a test of the high side of the channel.
Since the GBP has just made a decent up move off the 200sma daily support, and is at the 50% retrace of the two legged move from 04/29/11 to 01/11/2012 Lot of good news has been factored in.
Lot of the move into the GBP has been safehaven money since the CHF was not willing to recieve vast quantities of mideast money looking for a home.

Good luck and good trading
  • #27,155
  • Apr 18, 2012 9:48pm Apr 18, 2012 9:48pm
Quoting foto
Hi
Haven't made a post here for awhile. Thought the following was worth passing on.
Euro has been a frustrating trade and confusing.
I took a look at the line chart of closes for the daily/3 yr with a 200 sma.

Suggest you bring it up as well as the USDX and the Euro/Gbp
Draw some of the larger trend lines and you will see quite a wedge on Euro/USD going back to the start of the year.
We are testing the lower support now
This wedge has contained price.
It also suggests a stop on a short of about 1.3280 which would give some room for a...
yeah welcome back buddy
If there was easy money lying around,no one would be forcing it into your
  • #27,156
  • Apr 18, 2012 9:54pm Apr 18, 2012 9:54pm
Quoting foto
...We are at the point in time where the Euro should have made a move to the downside technicaly. Since it has not done so as of yet it may just end up going sideways...
Yep ... since 2008 we have not witnessed this kinda sideways move which is holding long ... new experience and heaven for trading in ranges.
  • #27,157
  • Apr 18, 2012 9:57pm Apr 18, 2012 9:57pm
Quoting rekon67
Yep ... since 2008 we have not witnessed this kinda sideways move which is holding long ... new experience and heaven for trading in ranges.
Hi H,
If there was easy money lying around,no one would be forcing it into your
  • #27,158
  • Apr 18, 2012 10:27pm Apr 18, 2012 10:27pm
Quoting FXMindset
Hi H,
Find any new Girl in the Town?
  • #27,159
  • Edited 1:42am Apr 19, 2012 1:12am | Edited 1:42am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
GMT BST PTT
08:30 09:30 10:30 EUR Spain Eur 1.5-2.5bn 3.3% Oct 2014 Bono & 5.85% Jan 2022 Obligacion
08:50 09:50 10:50 EUR France Eur 1.5-2.5bn 3.3% Oct 2014 Bono & 5.85% Jan 2022 Obligacion
09:30 10:30 11:30 GBP UK Gbp 1.35bn 0.125% Mar 2029 I/L Gilt
09:50 10:50 11:50 EUR France Eur 2.0-3.0bn 0.25% Jul 2018 OATei
15:00 16:00 17:00 USD US Announces 2Y Notes on Apr 24, 5Y Notes on Apr 25 & 7Y Notes on Apr 26
17:00 18:00 19:00 USDUS Auctions Usd 16.0bn 5Y TIPS

GMT = Greenwich Mean Time
BST = Britannia(?) Standard Time
PTT = PT's Time zone (confirmed GMT +2 )

I had a mixed information about times. DataSources don't seem to be aware of what timezone they represent and my auction time research has been pain in the ass. Now I have a three times - hope one of them hits.

ADD: Corrected PTT...
  • #27,160
  • Apr 19, 2012 1:23am Apr 19, 2012 1:23am
US Existing Home Sales ... online
53 traders viewing now