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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #32,781
  • May 29, 2012 2:18am May 29, 2012 2:18am
Quoting PipTrapper
Congratulations mima. You just made the iggy list.
Go troll elsewhere.
Allah has permitted trade and has forbidden interest [koran]
  • #32,782
  • May 29, 2012 2:21am May 29, 2012 2:21am
Quoting PipTrapper
That's a good question. My take is that there are no significant offers (yet).

The only bids, offers and stops they publish are the significant ones. Obviously there are bids and offers all over the map at every level, but publishing them all would be useless.
May be all biggest offers already has been placed in previous weeks? So it's time for end of the month profit taking..?
69
  • #32,783
  • May 29, 2012 2:23am May 29, 2012 2:23am
today gbp and aud make me crazy , sp or rs didnt hold @_@ , all my analysis today wrong :|
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #32,784
  • May 29, 2012 2:26am May 29, 2012 2:26am
Quoting Likerty
May be all biggest offers already has been placed in previous weeks? So it's time for end of the month profit taking..?
  • #32,785
  • May 29, 2012 2:29am May 29, 2012 2:29am
I don't have much time this morning to do a proper update as I have some running around to do. First stop... haircut. No not a bond haircut I'm getting my ears lowered.

Let me leave you with this much. This week or next, I believe 1.2500 will be broken on a weekly candle close basis and this sucker will plummet to my 1.2225/35 target followed by lower targets previously indicated.

In the mean time, we are range bound. So far the top of the range is the previously broken long term support of 1.2623 If price manages to break above that, I expect there to be some stops to trigger but price will soon run into some more heavy offers and bring us back down. Most patient bears are waiting for a correction before triggering fresh shorts.

That's the way I see it for now. Nothing has changed on the fundamental front and I really don't expect it to until after the Greek elections.

Here are my H4 and weekly charts for today

E/U H4
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E/U Weekly
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Those who say it cannot be done should not interrupt those who are doing it
  • #32,786
  • May 29, 2012 2:30am May 29, 2012 2:30am
What is B2B marketing specialist? B2B is Business To Business right? How the marketing is important within Business to Business since the client is Captive only not external?
  • #32,787
  • May 29, 2012 2:31am May 29, 2012 2:31am
Quoting Likerty
May be all biggest offers already has been placed in previous weeks? So it's time for end of the month profit taking..?
Most likely correct. Time will tell.

Okay. Have to go now. I should be back before NY open.

Trade safe.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,788
  • Edited 2:42am May 29, 2012 2:31am | Edited 2:42am
Quoting hunter101
Aww, key is 10 years! Yea, hopefully i wont blow my account before reaching that level of consistency, again heh. Im from the background of 'finding your own style too.' The whole notion of copy cats isnt good (wont learn much), which is why i asked you about which books gave you insights. I guess the 10 years is the best way to gain ones' perspective!
longevity in this business is very important but again to achieve the longevity one has to understand lot of background material and then u slowly develop the feel and improvisation on what happen before.i will suggest reminicences of stock operator and market wizard books are good start and once u finish that read the most current books on markets.

add:one of the trick to learn is to develop the habit of taking least number of decisions that mean not overtrading and bigger time frames.
Allah has permitted trade and has forbidden interest [koran]
  • #32,789
  • May 29, 2012 2:31am May 29, 2012 2:31am
Sell orders seen clustered up around 1.2570, buy stops through 1.2575
Those who say it cannot be done should not interrupt those who are doing it
  • #32,790
  • May 29, 2012 2:32am May 29, 2012 2:32am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Good morning everyone!

I've been absent for few days, since I got stuck into the "smarties" forum, till I realized they are smart but not necessary wise after all...

Not that many auctions today - Italy is only interesting. GMT is time.

May 29
08:10Italy Eur8.5bn Nov 2012 BOT
08:10NorwayNok 3.0bn NST 17 Dec 2012 T-bills

Only two relevant events today:
Bank of Portugal Releases Financial Stability Report
EU General Affairs Ministers Meet in Brussels

Good Trading!
  • #32,791
  • May 29, 2012 2:34am May 29, 2012 2:34am
6.0 Magnitude earthquake hits Italy 32 miles NE of Parma according to the USGS


I guess that means the price of Parma ham is going up.

Hope nobody got hurt.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,792
  • May 29, 2012 3:06am May 29, 2012 3:06am
Good morning everyone. Hope everyone had a nice long weekend. Ready to get back to trading.
  • #32,793
  • May 29, 2012 3:12am May 29, 2012 3:12am
CharmerCharts - EUR/USD we do expect some strength this week once more

Tue, May 29 2012, 09:58 CET | Interbank Talk
source: CharmerCharts

"EUR/USD tested resistance at 1.2620/25 as expected...and the failure to break above here sent the market tumbling lower to 1.2509..We are still holding above previous lows of 1.2496 and we are seeing the daily stochastics turn positive...so we do expect some strength this week once more.. 1.2620/25 again offers resistance therefore all longs to be covered prior this point...We will only see buyers back into the market if we can break above this area...If we do manage to break the 1.2625 barrier we would see further strength leading to 1.2660 then 1.2700 before sellers come back in.."
"... a loss of 1.2480 would be quite negative..." Carol Harmer, FX Analyst at CharmerCharts.com.
  • #32,794
  • May 29, 2012 3:29am May 29, 2012 3:29am
look at this
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #32,795
  • May 29, 2012 3:42am May 29, 2012 3:42am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
6.0 Magnitude earthquake hits Italy 32 miles NE of Parma according to the USGS


I guess that means the price of Parma ham is going up.

Hope nobody got hurt.
It was effect of Italy auction....
  • #32,796
  • May 29, 2012 3:52am May 29, 2012 3:52am
The Dow Futures are up 85 at the moment and Oil and Gold are also up.

EUR/USD might be brought up however USD/JPY is strong at 79.50 so it is keeping EUR/JPY below 100.00 at 99.77

US data due out and US markets back from holidays and Month end is here.

TRADE with these things in mind.
  • #32,797
  • May 29, 2012 4:24am May 29, 2012 4:24am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting CurrencyMan
The Dow Futures are up 85 at the moment and Oil and Gold are also up.

EUR/USD might be brought up however USD/JPY is strong at 79.50 so it is keeping EUR/JPY below 100.00 at 99.77

US data due out and US markets back from holidays and Month end is here.

TRADE with these things in mind.
- Spanish bank crises appears to be solved for now - Bankia is saved.
- Eurobonds are possible
- Greece will not part from Euro
- Greece pro-bailout parties seem to get majority of votes
- It's warm weather and sun is shining...

The Good news on Euro has been spreading out all london session. If traders are convinced euro may pop up.
  • #32,798
  • May 29, 2012 4:50am May 29, 2012 4:50am
see? , btw i didnt take this trade cause i stop trading for a while (after doing a lot of stupid moves in live trade, decide to demo again and 'gathering' more knowledge)
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #32,799
  • May 29, 2012 4:54am May 29, 2012 4:54am
Quoting AFXFin
- Spanish bank crises appears to be solved for now - Bankia is saved.
- Eurobonds are possible
- Greece will not part from Euro
- Greece pro-bailout parties seem to get majority of votes
- It's warm weather and sun is shining...

The Good news on Euro has been spreading out all london session. If traders are convinced euro may pop up.
Not so fast. ECB rejects proposal.
  • #32,800
  • May 29, 2012 4:54am May 29, 2012 4:54am
Quoting AFXFin
- Spanish bank crises appears to be solved for now - Bankia is saved.
- Eurobonds are possible
- Greece will not part from Euro
- Greece pro-bailout parties seem to get majority of votes
- It's warm weather and sun is shining...

The Good news on Euro has been spreading out all london session. If traders are convinced euro may pop up.
Thank you for the info AFXFin.

So far it doesn't look like the traders are convinced... LOL
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