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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #32,401
  • May 25, 2012 7:33am May 25, 2012 7:33am
Quoting FXSwissTrader
Maybe bear trap coming to start short squeeze. Monday American holiday. I don't think U.S traders going to hold shorts over long weekend.
that was quite a sudden move down. Seems like that was a stop hunt of the bulls.

1.2500 will be a tough nut but it's been done before. Time will tell.
Not sure what is driving this. BIS was on the bid earlier. Perhaps they just said "F**k it!!!"
Those who say it cannot be done should not interrupt those who are doing it
  • #32,402
  • May 25, 2012 7:33am May 25, 2012 7:33am
Quoting PipTrapper
I also like trading on the MT4 platform. IB doesn't have that, although they do allow APIs but I prefer a broker with MT4 directly integrated with their back office.
We may be heading to your 1.2420 area today.
  • #32,403
  • May 25, 2012 7:35am May 25, 2012 7:35am
Quoting FXSwissTrader
We may be heading to your 1.2420 area today.
If we break 1.2500, I'll rejoice. Until then I'll just keep hoping for a short covering to 1.2640
Those who say it cannot be done should not interrupt those who are doing it
  • #32,404
  • May 25, 2012 7:35am May 25, 2012 7:35am
Quoting PipTrapper
that was quite a sudden move down. Seems like that was a stop hunt of the bulls.

1.2500 will be a tough nut but it's been done before. Time will tell.
Not sure what is driving this. BIS was on the bid earlier. Perhaps they just said "F**k it!!!"

Some news out of Catalonia. Catalan President says it needs help! They are running out of debt financing options.
  • #32,405
  • May 25, 2012 7:37am May 25, 2012 7:37am
Quoting PipTrapper
I also like trading on the MT4 platform. IB doesn't have that, although they do allow APIs but I prefer a broker with MT4 directly integrated with their back office.
Its easy to trade when you move markets

ANd where is brokers business here? - you hold massively leveraged possitions for weeks for a miserable 2.5 pips?
69
  • #32,406
  • May 25, 2012 7:37am May 25, 2012 7:37am
Quoting PipTrapper
If we break 1.2500, I'll rejoice. Until then I'll just keep hoping for a short covering to 1.2640
Catalonia and Valencia account for 60% of Spain's debt maturing this year.
  • #32,407
  • May 25, 2012 7:46am May 25, 2012 7:46am
Quoting PipTrapper
that was quite a sudden move down. Seems like that was a stop hunt of the bulls.

1.2500 will be a tough nut but it's been done before. Time will tell.
Not sure what is driving this. BIS was on the bid earlier. Perhaps they just said "F**k it!!!"
May well have been stop hund PT, but also the 23.6 fib level on this last leg down on the 4hr sits right at the 1.2585 level and the abortive corrective rally hit significant resistance here...so looks like a sharp shake out probe back to the fib zero before another attempt upward..........
  • #32,408
  • May 25, 2012 7:46am May 25, 2012 7:46am
Quoting FXSwissTrader
Catalonia and Valencia account for 60% of Spain's debt maturing this year.
Yep I just caught all that on Forex Live. Well, if Spain goes belly up, guess who's next? Yep, the old bootleg.

http://www.lonelyplanet.com/maps/eur...p_of_italy.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #32,409
  • May 25, 2012 7:50am May 25, 2012 7:50am
My views until now!!! PLEASE THE TRIANGLE... PLEASEEEEE!!!!!
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #32,410
  • May 25, 2012 7:59am May 25, 2012 7:59am
Dutch PM says the Netherlands will BLOCK any common eurobonds even if Germany or any other country changes their minds.
  • #32,411
  • May 25, 2012 8:00am May 25, 2012 8:00am
WHere is next logical spot for bids?
I have 1.2451 as last murray on daily..
69
  • #32,412
  • May 25, 2012 8:03am May 25, 2012 8:03am
Quoting FXSwissTrader
Dutch PM says the Netherlands will BLOCK any common eurobonds even if Germany or any other country changes their minds.
Thats why they are "The Separate Europe Union"
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #32,413
  • May 25, 2012 8:04am May 25, 2012 8:04am
Quoting Likerty
WHere is next logical spot for bids?
I have 1.2451 as last murray on daily..
Yes correct. Barrier option there too. Further below, loads of exotics around and below 2420

If 2500 breaks, then 2450 doesn't stand a chance

So now it is a matter of who goes bankrupt first. The Euro Bears or the hedgies who are defending the barrier
Those who say it cannot be done should not interrupt those who are doing it
  • #32,414
  • May 25, 2012 8:06am May 25, 2012 8:06am
Quoting FXSwissTrader
Dutch PM says the Netherlands will BLOCK any common eurobonds even if Germany or any other country changes their minds.
Germany will not roll over on the EB issue. They like the privilege of low borrowing costs. They will never give that up unless there is a total fiscal union, and that will only happen if Germany has control of the chequebook.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,415
  • May 25, 2012 8:07am May 25, 2012 8:07am
Quoting PipTrapper
Yes correct. Barrier option there too. Further below, loads of exotics around and below 2420

If 2500 breaks, then 2450 doesn't stand a chance

So now it is a matter of who goes bankrupt first. The Euro Bears or the hedgies who are defending the barrier
This means that I can try long at 1.2500 with 1 pip sl ?
69
  • #32,416
  • Edited 8:11am May 25, 2012 8:10am | Edited 8:11am
Quoting PipTrapper
1.2500 will be a tough nut but it's been done before. Time will tell.
Not sure what is driving this.
Stupid question - again.... Why will 1.2500 be a tough nut to break. I've looked at my charts (face now blue) and I can't see anything particularly special about that exact price. Or is it because it's a whole decimal?
  • #32,417
  • May 25, 2012 8:13am May 25, 2012 8:13am
Quoting Roseman
Stupid question - again.... Why will 1.2500 be a tough nut to break. I've looked at my charts (face now blue) and I can't see anything particularly special about that exact price. Or is it because it's a whole decimal?
It's because there is a large barrier option at that price. Barrier options do not show on the charts
Those who say it cannot be done should not interrupt those who are doing it
  • #32,418
  • May 25, 2012 8:14am May 25, 2012 8:14am
Quoting PipTrapper
Yep I just caught all that on Forex Live. Well, if Spain goes belly up, guess who's next? Yep, the old bootleg.

http://www.lonelyplanet.com/maps/eur...p_of_italy.jpg
PT, whr is KNO ? he is being missed here badly.
  • #32,419
  • May 25, 2012 8:15am May 25, 2012 8:15am
Quoting PipTrapper
So now it is a matter of who goes bankrupt first. The Euro Bears or the hedgies who are defending the barrier
In moments like this is great to sit back, relax, and enjoy the M1 show between the main actors
(of course if you don't have a position to watch for)
  • #32,420
  • May 25, 2012 8:16am May 25, 2012 8:16am
Quoting Likerty
This means that I can try long at 1.2500 with 1 pip sl ?
haha Go for it, but don't come crying later. Your broker's price feed may not properly reflect true tier 1 market price.
Those who say it cannot be done should not interrupt those who are doing it
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