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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,101
  • May 30, 2012 1:07am May 30, 2012 1:07am
Quoting 100PipsADay
LOL. Thanks PT

Hey, do you by chance know how much the Bloomberg 2 Screen Terminal costs?

Thank you in advance!
Sorry. Never looked into it. I believe it is an add-on for the software but I don't know what the extra monthly cost is.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,102
  • May 30, 2012 1:08am May 30, 2012 1:08am
Quoting binFX
Just closed my long for 6 pips
Excellent.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,103
  • May 30, 2012 1:09am May 30, 2012 1:09am
Quoting PipTrapper
The Italian bond auctions results are in one hour. Be very careful. I don't expect the auction to go well and if I am right, the Euro will go down.
I quite agree with you but won't she rally up to a resistance so that we can dip her down?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #33,104
  • May 30, 2012 1:15am May 30, 2012 1:15am
Makes a second, albeit brief, appearance
  • #33,105
  • May 30, 2012 1:18am May 30, 2012 1:18am
Quoting changbachang
do some scalp eh?
Yes, scalping only, I don't have faith in bull these days, especially after yesterday late sell-off. I'm looking to sell it as close to 2504 as possible, hope we will get there
  • #33,106
  • May 30, 2012 1:20am May 30, 2012 1:20am
Quoting PipTrapper
Excellent.
Thanks, PT. If I kept it for 3m longer I might have had another 10 pips
  • #33,107
  • May 30, 2012 1:20am May 30, 2012 1:20am
medium support @ 1.24447 , medium resis @1.24639 ,big res @1.24500 ups wrong @1.24650
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,108
  • May 30, 2012 1:24am May 30, 2012 1:24am
Quoting ejiexe
I quite agree with you but won't she rally up to a resistance so that we can dip her down?
Yes eventually, but it may rally up from a much lower price and not even reach the current price. There is no time factor associated with this. If Italian bonds flop today, she's collapsing.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,109
  • May 30, 2012 1:24am May 30, 2012 1:24am
Quoting binFX
Thanks, PT. If I kept it for 3m longer I might have had another 10 pips
or suddenly lose 20 pips
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,110
  • May 30, 2012 1:33am May 30, 2012 1:33am
Quoting changbachang
or suddenly lose 20 pips
0 pips. For counter-trend trade, I always move my SL to BE ASAP.
  • #33,111
  • May 30, 2012 1:36am May 30, 2012 1:36am
Quoting PipTrapper
The Italian bond auctions results are in one hour. Be very careful. I don't expect the auction to go well and if I am right, the Euro will go down.
Where will the result be announced?
  • #33,112
  • May 30, 2012 1:41am May 30, 2012 1:41am
Quoting PipTrapper
The bullish butterfly formed yesterday repainted overnight due to further slight losses overnight and as a result is no longer perfectly formed, but it is still valid.

As I mentioned yesterday, normally we would expect a move up to 161.8% on the fibo, but considering the strong bearish sentiment, a target of 61.8 to maybe 100% would be more realistic. The pattern still allows for more downside before a retrace so don't go making any assumptions yet. Let's see how the Italian auctions play out first.

Attachment
G/M PT and everyone. Late start. Looks like there was no retracement. Down we go. All I see is lower lows and lower highs from overnight. There is no end in site. Probably the last time the euro will ever see 1.25 handle again.
  • #33,113
  • May 30, 2012 1:46am May 30, 2012 1:46am
Quoting FXSwissTrader
G/M PT and everyone. Late start. Looks like there was no retracement. Down we go. All I see is lower lows and lower highs from overnight. There is no end in site. Probably the last time the euro will ever see 1.25 handle again.
I was thinking the same, was also hoping to hit the 1.25 again to activate my order
  • #33,114
  • May 30, 2012 1:51am May 30, 2012 1:51am
Quoting mka_78
I was thinking the same, was also hoping to hit the 1.25 again to activate my order
It wouldn't surprise me if we're headed to the low 1.22's or possibly 1.21 area before any correction. My eventual target is 1.17 though.
  • #33,115
  • May 30, 2012 2:00am May 30, 2012 2:00am
More bad EU fundies.
  • #33,116
  • May 30, 2012 2:00am May 30, 2012 2:00am
Quoting FXSwissTrader
It wouldn't surprise me if we're headed to the low 1.22's or possibly 1.21 area before any correction. My eventual target is 1.17 though.
I am asking my self why did I close my position from 1.3080!!?? My account could be much bigger right now, but who knows what will happen. Took profit at 1.25 and now waiting to enter it again
  • #33,117
  • May 30, 2012 2:02am May 30, 2012 2:02am
Quoting FXSwissTrader
It wouldn't surprise me if we're headed to the low 1.22's or possibly 1.21 area before any correction. My eventual target is 1.17 though.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mn.gif Size: 17 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #33,118
  • May 30, 2012 2:02am May 30, 2012 2:02am
Danske Bank - Spain to put the euro under further pressure today

Wed, May 30 2012, 10:57 CET | Interbank Talk
source: Danske Bank

"Over the weekend Spain came up with the rather unorthodox idea of recapitalizing the troubled lender Bankia by injecting EUR19bn of sovereign bonds into its parent company, which could then be swapped for cash at the ECB's three-month refinancing window. However, this 'creative' manoeuvre has now been clearly dismissed by the ECB who says that the plan would be 'monetary financing'. The rejection of the Bankia recapitalisation plan is not the only problem for Spain and overnight the smaller rating agency Egan-Jones has downgraded the country for the third time in less than a month. Spanish 10-year yields closed down marginally lower at 6.40% yesterday but after the latest news the march towards the critical 7% will most likely continue today. With Spain in the limelight we expect little support to the euro today. According to the technicians EUR/USD is not expected to see strong support before the 1.2300 level is reached." Arne Lohmann Rasmussen, chief analyst at Danske Bank.

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For all you BULLS, read the line in BOLD..
  • #33,119
  • May 30, 2012 2:04am May 30, 2012 2:04am
Quoting PipTrapper
Attachment
Also supported by weekly bottom of MML. Thanks for posting PT.
  • #33,120
  • May 30, 2012 2:07am May 30, 2012 2:07am
Market talk of POOR Italian auction. Let's wait for release though. You've hit everything right on the head PT.
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