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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #31,921
  • May 23, 2012 6:42am May 23, 2012 6:42am
Quoting PipTrapper
... Of course the chances of a pullback are slim, but as a trader I have to protect profits when there is doubt.
Allways good to protect profits.
  • #31,922
  • May 23, 2012 6:45am May 23, 2012 6:45am
Quoting PipTrapper
Hell has already broken loose. Just give those gremlins enough time to realize the flood gates are wide open. Right now they are pre-occupied with little insignificant Greece. As soon as that episode ends in a huge mess (and it will) focus will very quickly turn to Italy (especially with Spain teetering on the brink)

All in good time my friend.... patience. The mountain will eventually come to Mohammad

the proper quote is "if mountain doesn't comes to muhammed then muhammed will go to the mountain" which shows muhammed (pbuh) was a pragmatic and practical person.
another quote of muhammed which is my favourite..'trust God but don't forget to tie ur camel'. may God's peace and mercy be upon him.
Allah has permitted trade and has forbidden interest [koran]
  • #31,923
  • May 23, 2012 6:49am May 23, 2012 6:49am
Quoting Gofer Pips
WTF?

Thought I might try a flier. SL=BE
Buy??? What a rebel
Those who say it cannot be done should not interrupt those who are doing it
  • #31,924
  • May 23, 2012 6:52am May 23, 2012 6:52am
Quoting drzakir123
[/color]
the proper quote is "if mountain doesn't comes to muhammed then muhammed will go to the mountain" which shows muhammed (pbuh) was a pragmatic and practical person.
another quote of muhammed which is my favourite..'trust God but don't forget to tie ur camel'. may God's peace and mercy be upon him.
I know the quote (although my spelling at times may leave something to be desired). I was only jesting. The implication was that with patience, anything is possible.

I like the one about the camel too
Those who say it cannot be done should not interrupt those who are doing it
  • #31,925
  • May 23, 2012 6:54am May 23, 2012 6:54am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Buy??? What a rebel
C'mon - this could be a famous Georgie W-formation - besides rebels are the ones which renew society - and forex.
  • #31,926
  • May 23, 2012 6:56am May 23, 2012 6:56am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
I know the quote (although my spelling at times may leave something to be desired). I was only jesting. The implication was that with patience, anything is possible.

I like the one about the camel too
I believe camel would come easier to you than a mountain. Unless it is tied elsewhere.
  • #31,927
  • May 23, 2012 7:39am May 23, 2012 7:39am
Quoting AFXFin
I believe camel would come easier to you than a mountain. Unless it is tied elsewhere.
Doesn't look like I missed much. PA is pretty much where it was before I left. Any major news expected? Eurobonds, ect?
  • #31,928
  • May 23, 2012 7:40am May 23, 2012 7:40am
Quoting Gofer Pips
WTF?

Thought I might try a flier. SL=BE
4h
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 37 KB
If there was easy money lying around,no one would be forcing it into your
  • #31,929
  • May 23, 2012 7:46am May 23, 2012 7:46am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting FXSwissTrader
Doesn't look like I missed much. PA is pretty much where it was before I left. Any major news expected? Eurobonds, ect?
Nothing much today. EU summit may leak similar riff raff it has leaked all day.
Eurobond is word of the day. EFSF is yesterdays trend.
Greece is about resign and mild rain is expected in Azores.

I believe thats it for this week.
  • #31,930
  • May 23, 2012 7:48am May 23, 2012 7:48am
Quoting AFXFin
Nothing much today. EU summit may leak similar riff raff it has leaked all day.
Eurobond is word of the day. EFSF is yesterdays trend.
Greece is about resign and mild rain is expected in Azores.

I believe thats it for this week.
LOL
  • #31,931
  • May 23, 2012 7:49am May 23, 2012 7:49am
Quoting AFXFin
Nothing much today. EU summit may leak similar riff raff it has leaked all day.
Eurobond is word of the day. EFSF is yesterdays trend.
Greece is about resign and mild rain is expected in Azores.

I believe thats it for this week.
If Eurobonds is shot down for good today, we could see further downside BIG TIME.
  • #31,932
  • May 23, 2012 7:54am May 23, 2012 7:54am
Alot of loose lips out there today.
  • #31,933
  • May 23, 2012 7:54am May 23, 2012 7:54am
Quoting FXSwissTrader
If Eurobonds is shot down for good today, we could see further downside BIG TIME.
EuroBonds will never be shot down for good. They will only say "Yes, but not now" or "It is not the solution for today... Maybe the future if all countries follow the fiscal rules" or "We will only issue EuroBonds for those who behave". Frau Merkel will make sure of that.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,934
  • May 23, 2012 7:57am May 23, 2012 7:57am
Quoting FXSwissTrader
Alot of loose lips out there today.
As long as the wheels are on nice and tight, it doesn't matter how loose the lips are

http://www.stereogum.com/img/kelly_ripa_camel.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #31,935
  • May 23, 2012 7:59am May 23, 2012 7:59am
Quoting PipTrapper
As long as the wheels are on nice and tight, it doesn't matter how loose the lips are

http://www.stereogum.com/img/kelly_ripa_camel.jpg

LMAO
  • #31,936
  • May 23, 2012 8:03am May 23, 2012 8:03am
Quoting PipTrapper
EuroBonds will never be shot down for good. They will only say "Yes, but not now" or "It is not the solution for today... Maybe the future if all countries follow the fiscal rules" or "We will only issue EuroBonds for those who behave". Frau Merkel will make sure of that.
BTW-You have a good spot to re-enter a short? There's some hopium in the air.
  • #31,937
  • May 23, 2012 8:07am May 23, 2012 8:07am
Quoting FXSwissTrader
BTW-You have a good spot to re-enter a short? There's some hopium in the air.
For the E/U I was thinking 1.2690 area with a tight stop

For E/J I was thinking 100.9

However, I would prefer to wait a see. For me, I have already lots of shorts in play so it makes no difference if I get in or not. Therefore I will only take very low risk entries. The ones I mentioned above are the lowest risk intraday levels for short entries. If they are broken to the upside, then today is hopium day and the bulls rule... until tomorrow London session when the EZ PMI data is released.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,938
  • May 23, 2012 8:13am May 23, 2012 8:13am
Quoting PipTrapper
For the E/U I was thinking 1.2690 area with a tight stop

For E/J I was thinking 100.9

However, I would prefer to wait a see. For me, I have already lots of shorts in play so it makes no difference if I get in or not. Therefore I will only take very low risk entries. The ones I mentioned above are the lowest risk intraday levels for short entries. If they are broken to the upside, then today is hopium day and the bulls rule... until tomorrow London session when the EZ PMI data is released.
That's a good spot. I'm seeing 1.2695 (38.2% fibo) from the last H/L. If that breaks, we'll see where PA ends up according to fib.

E/J, I'm just holding tight on the 102.00 open position..
  • #31,939
  • May 23, 2012 8:18am May 23, 2012 8:18am
Quoting PipTrapper
For the E/U I was thinking 1.2690 area with a tight stop

For E/J I was thinking 100.9

However, I would prefer to wait a see. For me, I have already lots of shorts in play so it makes no difference if I get in or not. Therefore I will only take very low risk entries. The ones I mentioned above are the lowest risk intraday levels for short entries. If they are broken to the upside, then today is hopium day and the bulls rule... until tomorrow London session when the EZ PMI data is released.
4HR pin bar/hammer, whatever you want to call it. on EJ. , closed for +170 total, thanks PT!!

here's what I have for EU

never erase major trendlines, they act as support long after they are broken as resistance.
Attached Image (click to enlarge)
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An opportunity lost is not a capital cost.
  • #31,940
  • May 23, 2012 8:23am May 23, 2012 8:23am
A picture of what a return to the drachma would look like

By Adam Button || May 23, 2012 at 13:06 GMT


The New York Times reports on how a return to the drachma would devastate the economy.

Dimitris Mamoglu, the owner of a fine-jewelry store near Syntagma Square, said small businesses had “absolutely no plans” to handle a return to the drachma. “Nobody can calculate how much money or time it would take to change over,” he said.

Eventually, a weaker currency might help Greece rebound but short-term chaos is a near certainty.
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