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EurAnalysis Kindergarten 24 replies

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  • #30,181
  • May 11, 2012 1:30am May 11, 2012 1:30am
Quoting Harpe Eagle
I am still very bearish on eu and dont see any correction till around 1.2715-1.27x unless and untill there will be an other hopium given by europian leaders (in which they are speacialized )
I wont long this sucker unless there is a solid +pos news coming out which I doubt in this circumstances , so I will only short this sucker in hopium rally same as Master PT is waiting for...But honestly PT I dont see eu will get a correction to 1.308
Exactly. You answered your own question. E/U is very heavily net short right now. A pop above 1.30 will trigger buy stops and cause a large and quick stop run. Therefore 1.3080 is quite possible but you have to be quick to jump in short as it will be faded very very quickly especially once the weekend gap is closed.
However, in order for that to happen, a rumor must be created or some hopium must be announced.

In a nutshell, you have to consider that the more short the market becomes on this pair without a correction, the more the chance of a stop hunt to the upside.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,182
  • May 11, 2012 1:39am May 11, 2012 1:39am
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Those who say it cannot be done should not interrupt those who are doing it
  • #30,183
  • May 11, 2012 1:42am May 11, 2012 1:42am
Quoting AFXFin
Good Morning Harpy,

From technical point of view there should come proper correlation before another dive. Don't go long before proper confirmation

Fundamentaly in larger point of view, US don't want Dollar grow too strong (remember EURUSD is The Major). It would affect too much on oil price, exports of US, loan price of USD and slow down economy growth. In other hand it would be good for EUR to fall enough to speed up Euro area exports, which would strengthen EU economy.

Greece and spain are merely a small waves in a game and...
Good Morning Finny...
You are right about the export thing and its in the interest for Germany...Where as about correction , for me correction of 160-190 pips comes in normal market , but the currently conditions are too much heated in the europe so IMO i dont feel any type of big correction , for me in fact it took placed yesterday when it was happening and the eu was around 1.297x I was about to post that who ever is ling take a tight stop because my feeling is that its a bull trap (still may be I am worng) but I dont feel any correction like 160-190 pips ...Yes you are right no one will remember about Spain and Greece but I am talking about the current scenario which is building up in Europe..
Bulls Run. Bears Bite. We Profit.
  • #30,184
  • May 11, 2012 1:48am May 11, 2012 1:48am
Quoting PipTrapper
Exactly. You answered your own question. E/U is very heavily net short right now. A pop above 1.30 will trigger buy stops and cause a large and quick stop run. Therefore 1.3080 is quite possible but you have to be quick to jump in short as it will be faded very very quickly especially once the weekend gap is closed.
However, in order for that to happen, a rumor must be created or some hopium must be announced.

In a nutshell, you have to consider that the more short the market becomes on this pair without a correction, the more the chance of...
Yes there are heavily net short positions but look Oanda there are many long positions also between 1.29-1.30 so if the 1.29 barrier get break then there will be more negativity around the market which can heavily pressure eu for more downside...
EDIT: About the rumor/hopium yes you are right that could be the only reason which can take eu little up but still IMO around 1.301-1.303
Bulls Run. Bears Bite. We Profit.
  • #30,185
  • May 11, 2012 1:48am May 11, 2012 1:48am
Hmm..
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An opportunity lost is not a capital cost.
  • #30,186
  • May 11, 2012 1:53am May 11, 2012 1:53am
I'm just kind of bias towards a pop higher right now, but we'll see, theres still al ot of downtrend lines that have to break
An opportunity lost is not a capital cost.
  • #30,187
  • May 11, 2012 2:01am May 11, 2012 2:01am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
More I read about Greece situation - more I wish they'll sink to their own stupidity and arrogance.

Only person I see able to calm down situation is Venizelos by putting a government together - it is not a good government but that may give time to for Greece economy to take a breath and start healing.

But if you look at their political culture and history of Venizelos - he is just another crook who's playing to his own pocket. He is a populist and has been rated as a worst financial minister in EU ever by FT.

So - there is not much light in the end of tunnel but flickering candle.

I'm quite certain these are pictures of a same guy
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  • #30,188
  • May 11, 2012 2:05am May 11, 2012 2:05am
Quoting AFXFin
More I read about Greece situation - more I wish they'll sink to their own stupidity and arrogance.

Only person I see able to calm down situation is Venizelos by putting a government together - it is not a good government but that may give time to for Greece economy to take a breath and start healing.

But if you look at their political culture and history of Venizelos - he is just another crook who's playing to his own pocket. He is a populist and has been rated as a worst financial minister in EU ever by FT.

So - there is not much light...
Hahahahahahahaha to the pics
  • #30,189
  • May 11, 2012 2:19am May 11, 2012 2:19am
Quoting BFSGcapital
Hmm..
I see you have this 'one click trading' on your chart, could you be so kind and share it with me.
  • #30,190
  • May 11, 2012 2:20am May 11, 2012 2:20am
If this doesn't look like a minor retracement area i dont know what does.

lots of fighting going on
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An opportunity lost is not a capital cost.
  • #30,191
  • May 11, 2012 2:22am May 11, 2012 2:22am
Quoting GoldMan.
I see you have this 'one click trading' on your chart, could you be so kind and share it with me.
yeah it came with the mt4 i have no idea but i think its just a plugin of some sorts for mt4, ill look into it. i prefer the tick window anyway, you can see top formations and big bearish engulfing patterns. but it does come in handy sometimes, and also its a very quick way to close all positions at once
An opportunity lost is not a capital cost.
  • #30,192
  • May 11, 2012 2:26am May 11, 2012 2:26am
Quoting BFSGcapital
yeah it came with the mt4 i have no idea but i think its just a plugin of some sorts for mt4, ill look into it. i prefer the tick window anyway, you can see top formations and big bearish engulfing patterns
Your broker probably offers it then, it probably won't work in my mt4
  • #30,193
  • May 11, 2012 2:34am May 11, 2012 2:34am
Yes broker offer this...
How are you bro...your view on eu
Bulls Run. Bears Bite. We Profit.
  • #30,194
  • May 11, 2012 2:36am May 11, 2012 2:36am
Quoting PipTrapper
Exactly. You answered your own question. E/U is very heavily net short right now. A pop above 1.30 will trigger buy stops and cause a large and quick stop run. Therefore 1.3080 is quite possible but you have to be quick to jump in short as it will be faded very very quickly especially once the weekend gap is closed.
However, in order for that to happen, a rumor must be created or some hopium must be announced.

In a nutshell, you have to consider that the more short the market becomes on this pair without a correction, the more the chance of a...

I agree 100%. Based on hourly chart, we've been rejected 3X around the 1.2910 level last few days.
  • #30,195
  • May 11, 2012 2:42am May 11, 2012 2:42am
Decision time I'm thinking..
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An opportunity lost is not a capital cost.
  • #30,196
  • May 11, 2012 2:45am May 11, 2012 2:45am
Quoting BFSGcapital
Decision time I'm thinking..

BFSG,
Is possible to request your pivot indicator shown on the right hand corner of the screen? Would help clean up my charts that much more. Thank you in advance.
  • #30,197
  • May 11, 2012 2:47am May 11, 2012 2:47am
Nope theres another trend line i forgot about that rejected it

so many good scalping opportunities
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An opportunity lost is not a capital cost.
  • #30,198
  • May 11, 2012 2:51am May 11, 2012 2:51am
Quoting FXSwissTrader
BFSG,
Is possible to request your pivot indicator shown on the right hand corner of the screen? Would help clean up my charts that much more. Thank you in advance.
Sure I think I can send it to you I think. Or actually I'll upload it
An opportunity lost is not a capital cost.
  • #30,199
  • May 11, 2012 2:52am May 11, 2012 2:52am
Quoting BFSGcapital
Sure I think I can send it to you I think. Or actually I'll upload it
I would greatly appreciate it.
  • #30,200
  • May 11, 2012 2:53am May 11, 2012 2:53am
Quoting GoldMan.
Your broker probably offers it then, it probably won't work in my mt4
You can give this one a spin. I installed it and tried it but I didn't like it. You might. We all have different tastes.

Attached File(s)
File Type: zip oneclicker.zip   900 KB | 377 downloads
Those who say it cannot be done should not interrupt those who are doing it
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