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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,461
  • May 31, 2012 5:45am May 31, 2012 5:45am
[quote=PipTrapper;5716029]Hopium is in the air... or perhaps a counter trade one cannot refuse to take (except me)

Spanish 10 Year bond yields are dropping. Not much, but it makes a difference.

But what can be the reason?

Two days ago was a big report in Tv about Spain.
The conclusion was, that the situation of Spainīs economy is simply hopeless.

By the way: 50% of the the poeple in Spain of an age under 30 are jobless...50%!!
  • #33,462
  • May 31, 2012 5:45am May 31, 2012 5:45am
Quoting PipTrapper
If price does not bounce back up from 1.2390/95, (100 period MA), this rally is probably over... Dammit!!!

E/U M15
Attachment

By the way... That 89 smma works like a charm on M15. I have been observing it now for several months and it's looking really good. Not sure whay it works but it's something to take note of.
nah, resis to big
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,463
  • May 31, 2012 5:47am May 31, 2012 5:47am
Quoting PipTrapper
If price does not bounce back up from 1.2390/95, (100 period MA), this rally is probably over... Dammit!!!

E/U M15
Attachment

By the way... That 89 smma works like a charm on M15. I have been observing it now for several months and it's looking really good. Not sure why it works but it's something to take note of.
Yup.

89 SMMA was hit directly on 15TF.
  • #33,464
  • May 31, 2012 5:48am May 31, 2012 5:48am
FXSwissTrader,

By the way, thanks for the heads up with the large EJ sell orders. I owe you some pips!

I expect the trade to hit TP by the end of next week at the very latest!
  • #33,465
  • May 31, 2012 5:48am May 31, 2012 5:48am
Quoting 100PipsADay
Yep! I think we are headed down. Glad my EJ order was hit, so far up almost 20 pips.
Good for you.
  • #33,466
  • May 31, 2012 5:49am May 31, 2012 5:49am
Quoting PipTrapper
If price does not bounce back up from 1.2390/95, (100 period MA), this rally is probably over... Dammit!!!

E/U M15
Attachment

By the way... That 89 smma works like a charm on M15. I have been observing it now for several months and it's looking really good. Not sure why it works, but it's something to take note of.
And London opening at 2391
69
  • #33,467
  • May 31, 2012 5:49am May 31, 2012 5:49am
Quoting 100PipsADay
Yep! I think we are headed down. Glad my EJ order was hit, so far up almost 20 pips.

Your expectations are too high for the Euro when it comes to your new entry points! LOL
Well yes I can see why you interpret it that way.
In reality I have zero expectations. My sell order is up there because of the risk management I implement in my trades. Taking an additional short from this level does not comply with my system, so I would rather not enter than break my rules. At some point you have to expect a face ripping short covering rally and I don't want to stand in its way. Therefore I would rather stick with what I already have, than take the additional risk. Patience over greed or fear... Always
Those who say it cannot be done should not interrupt those who are doing it
  • #33,468
  • May 31, 2012 5:54am May 31, 2012 5:54am
Quoting PipTrapper
Well yes I can see why you interpret it that way.
In reality I have zero expectations. My sell order is up there because of the risk management I implement in my trades. Taking an additional short from this level does not comply with my system, so I would rather not enter than break my rules. At some point you have to expect a face ripping short covering rally and I don't want to stand in its way. Therefore I would rather stick with what I already have, than take the additional risk. Patience over greed or fear... Always
Smart man! You are obviously a wise and experienced trader. Hats off to you my friend for being so disciplined with your trading.
  • #33,469
  • May 31, 2012 5:58am May 31, 2012 5:58am
Quoting 100PipsADay
Smart man! You are obviously a wise and experienced trader. Hats off to you my friend for being so disciplined with your trading.
Thank you... Discipline is very key in this game. Without it, you are begging the market to take your money.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,470
  • May 31, 2012 6:02am May 31, 2012 6:02am
Quoting PipTrapper
Thank you... Discipline is very key in this game. Without it, you are begging the market to take your money.
It's looking less likely we're going to get filled today, my friend.
  • #33,471
  • May 31, 2012 6:04am May 31, 2012 6:04am
EU Commission: We do not see possibility of direct recapitalisation of banks from the euro zone permanent bailout fund

Thu, May 31 2012, 12:40 CET | Forex Live


By: Gerry Davies

WTF!!! Make up your bloody mind for heavens sake. These people are beyond clueless.........


http://mediaserver.fxstreet.com/imag...r-logo-en.jpeg
  • #33,472
  • May 31, 2012 6:06am May 31, 2012 6:06am
notice the compression @aud
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,473
  • May 31, 2012 6:06am May 31, 2012 6:06am
Quoting PipTrapper
If price does not bounce back up from 1.2390/95, (100 period MA), this rally is probably over... Dammit!!!

E/U M15
Attachment

By the way... That 89 smma works like a charm on M15. I have been observing it now for several months and it's looking really good. Not sure why it works, but it's something to take note of.
It sma or smma?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #33,474
  • May 31, 2012 6:07am May 31, 2012 6:07am
Fitch just downgraded 8 autonomous Spanish communities with a negative outlook.
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When it rains, it pours.
  • #33,475
  • May 31, 2012 6:08am May 31, 2012 6:08am
Quoting ejiexe
It sma or smma?

89 smooth Typical price HLC 3
  • #33,476
  • May 31, 2012 6:14am May 31, 2012 6:14am
Quoting changbachang
notice the compression @aud
I think you're the only one trading AUD in this thread.
  • #33,477
  • May 31, 2012 6:16am May 31, 2012 6:16am
Quoting FXSwissTrader
89 smooth Typical price HLC 3
OK Thanks
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #33,478
  • May 31, 2012 6:16am May 31, 2012 6:16am
Quoting FXSwissTrader
It's looking less likely we're going to get filled today, my friend.
The day is still young. Patience.
True it is less likely now than it was earlier, but I've seen more weird things happen before. Remember it is month end and there should be some profit taking later.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,479
  • May 31, 2012 6:17am May 31, 2012 6:17am
Quoting FXSwissTrader
EU commission does NOT see direct recapitalization of banks using the eurozone's permanent bailout fund. Banking union is about avoiding future crises, not the current one.
-----------------------------------------------------
Down we go!
I am really interested in this issue. I think there is no way how to use ESM/EFSF to directly fund banks, since:

a) While ESM/EFSF were set, my favourite Germans insisted on rule, that these funds cant be used this way. And when you set the deal with the Germans, you dont expect them to be flexible, do you?
b) there is already heavy opposition from northern Europe + Netherlands.

I think Schauble said like week ago that there is no way to use funds to bailout banks.

T
"I know one thing, that I know nothing." Sokrates
  • #33,480
  • May 31, 2012 6:18am May 31, 2012 6:18am
Quoting FXSwissTrader
I think you're the only one trading AUD in this thread.
what aud doo effect/effected by eur too
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
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