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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,201
  • May 30, 2012 6:37am May 30, 2012 6:37am
im sure a lot of people long now (and desperate why it doesnt come back bull with strong move.. lol) , someone make trap , GS trio maybe?
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,202
  • May 30, 2012 6:38am May 30, 2012 6:38am
Quoting FXSwissTrader
I have sell limit in at 61.8% retrace around 1.2520 if we get there. If not, I'll stay on sidelines.
1.2510/15 would probably have more chance of being triggered.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,203
  • May 30, 2012 6:40am May 30, 2012 6:40am
Quoting PipTrapper
1.2510/15 would probably have more chance of being triggered.
I was just contemplating that. May do that. Doesn't even look like it'll hit 38.2%.
  • #33,204
  • May 30, 2012 6:45am May 30, 2012 6:45am
Quoting FXSwissTrader
I was just contemplating that. May do that. Doesn't even look like it'll hit 38.2%.
My sell limit is still at 1.2618
I'm not going to move it unless we make a newer lower low. Just being extra cautious due to the extreme net short Euro. It won't take much to get a repeat of the September 6th 2011 spike, and I'd like to add a short as high as possible if that happens.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,205
  • May 30, 2012 6:46am May 30, 2012 6:46am
Quoting PipTrapper
My sell limit is still at 1.2618
I'm not going to move it unless we make a newer lower low. Just being extra cautious due to the extreme net short Euro. It won't take much to get a repeat of the September 6th 2011 spike, and I'd like to add a short as high as possible if that happens.
Oh man. You're killing me. How can I go against that? lol
  • #33,206
  • May 30, 2012 6:52am May 30, 2012 6:52am
if heavy resistance @1.24650 break ,theres still heavy resis @1.24733
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,207
  • May 30, 2012 6:54am May 30, 2012 6:54am
Quoting FXSwissTrader
Oh man. You're killing me. How can I go against that? lol
You don't have to go against it. Stick to your plan. Mine is difference because I am already sufficiently exposed with all the shorts I have running currently. So no need to add at this level for me.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,208
  • May 30, 2012 6:56am May 30, 2012 6:56am
Quoting FXSwissTrader
Oh man. You're killing me. How can I go against that? lol
Remember this morning's orderboard...


EUR/USD: Bids 1.2450/60 ahead of 1.2450 barrier, expected sell stops just below and more through 1.2435. Further bids clustered 1.2400/10 in front of another barrier at 1.2400. Offers 1.2500/10
Those who say it cannot be done should not interrupt those who are doing it
  • #33,209
  • May 30, 2012 6:59am May 30, 2012 6:59am
Quoting PipTrapper
You don't have to go against it. Stick to your plan. Mine is difference because I am already sufficiently exposed with all the shorts I have running currently. So no need to add at this level for me.
I gotcha. Well, let's hope I won't be swimming up #@%& creek without a paddle.
  • #33,210
  • Edited 7:22am May 30, 2012 7:08am | Edited 7:22am
New Greek polls shows leftist party up 30% to 26% for ND(pro bailout) party.
  • #33,211
  • May 30, 2012 7:10am May 30, 2012 7:10am
Quoting FXSwissTrader
I gotcha. Well, let's hope I won't be swimming up #@%& creek without a paddle.
I doubt it. Honestly I still believe (strongly) we will see 1.2225/35 in no time at all. Don't let Brussels Sprouts distract you from the real issues which haven't even been addressed.

Add: Yes I mean Greece
Those who say it cannot be done should not interrupt those who are doing it
  • #33,212
  • May 30, 2012 7:11am May 30, 2012 7:11am
Quoting PipTrapper
6th Spetember 2011 we had a huge one.. Look how it ended.

Attachment
PT, your caution here is well noted, thanks.
  • #33,213
  • May 30, 2012 7:16am May 30, 2012 7:16am
Quoting FXSwissTrader
New Greek polls shows leftist party up 36% to 25% for ND(pro bailout) party.
Not sure where you heard that but what I am reading is Syriza 30% vs ND 26.5%
This clearly shows that PASOK is history. Venizelos ate one too many gyros.

http://www.diggintaters.net/wp-conte...12/02/gyro.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #33,214
  • May 30, 2012 7:18am May 30, 2012 7:18am
Quoting nathan25x
PT, your caution here is well noted, thanks.
Please don't misunderstand my caution Nathan. I still fully expect this turd of a pair to suck bottom. I just want a better entry.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,215
  • May 30, 2012 7:19am May 30, 2012 7:19am
Quoting PipTrapper
Not sure where you heard that but what I am reading is Syriza 30% vs ND 26.5%
This clearly shows that PASOK is history. Venizelos ate one too many gyros.

http://www.diggintaters.net/wp-conte...12/02/gyro.jpg
News Headline Summary

(Economic commentary)

Greek poll shows anti-bailout radical leftist Syriza ahead with 30%, pro-bailout New Democracy second with 26.5%


-------------------------------------------------------------------------------------------
TYPO mistake. Corrected.

BTW- I LOVE gyros.
  • #33,216
  • May 30, 2012 7:22am May 30, 2012 7:22am
Quoting PipTrapper
6th Spetember 2011 we had a huge one.. Look how it ended.

Attachment

6th of Sept 2011 was an eurchf intervention day. Nothing to do with any hopium news, sentiment, fundies or techs. And yeah, that up move was countered shortly.
  • #33,217
  • May 30, 2012 7:34am May 30, 2012 7:34am
Quoting PipTrapper
Please don't misunderstand my caution Nathan. I still fully expect this turd of a pair to suck bottom. I just want a better entry.
I gottya...i'm also hoping for some kind of correction here to mitigate the possibily of a nasty short squeeze, or at least clear it off the decks so the natural order can reassert itself and keeping pushing the turd down the sewer.....
  • #33,218
  • May 30, 2012 7:34am May 30, 2012 7:34am
Quoting PipTrapper
I doubt it. Honestly I still believe (strongly) we will see 1.2225/35 in no time at all. Don't let Brussels Sprouts distract you from the real issues which haven't even been addressed.

Add: Yes I mean Greece
Yes 1.2220-35 there is some support to try a long but before that no support for long.... In fact I tried 4 long this week,not too bad result 30pips because I dont want to short here....I know when it will reach 1.22 or 1.18 I'l regret but dont feel comfortable to short here....Today 'Super Mario' is coming and I heard he will announce plans for coming 6 months(PT is it true) .....so may be will try a long....
ADD: Earned some pips in E/CAD and U/CAD
Bulls Run. Bears Bite. We Profit.
  • #33,219
  • May 30, 2012 7:37am May 30, 2012 7:37am
Spanish yields continue to soar

Wed, May 30 2012, 14:34 CET | Forex Live
By: Jamie Coleman

Uncertainty over how the Spanish banks will be bailed out is driving yields toward 7%, a level above which each country that suffered a rise of that proportion received an EU/IMF bailout (Greece, Ireland, Portugal). Spreads over bunds have jumped to 5.30%. Meanwhile, Italy has burst back into the headlines after a soggy auction. BTP/bund spreads widened to 4.75% today.
  • #33,220
  • May 30, 2012 7:42am May 30, 2012 7:42am
one more long order of mine waiting at 1.2402 if that trigger thats it and my full position is on.if say price goes to 1.2350 then i will start trimming position by 25 percent and if it touch 1.2300 another 25 percent will go and will seriously think about biting the bullet.and wait for 1.2225 i am expecting when price correct then it will go to 1.2750 thats my target and if i am lucky then at that level u will found me helping PT lifting his big hammer..now i have to run to hospital my patients and more than that my pretty nurses waiting for me by the way whether pretty hot here and me too bye see u all about 1730 gmt+1
all be careful and happy pips
Allah has permitted trade and has forbidden interest [koran]
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