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EurAnalysis Kindergarten 24 replies

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  • #33,541
  • May 31, 2012 7:56am May 31, 2012 7:56am
Quoting PipTrapper
If you're short, it means you.
I'm movin it to BE. Don't feel confident about this at all. Need to stick with planning my trade.
  • #33,542
  • May 31, 2012 8:04am May 31, 2012 8:04am
Whats up guys, my paths until now
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,543
  • May 31, 2012 8:07am May 31, 2012 8:07am
Quoting FXSwissTrader
I'm movin it to BE. Don't feel confident about this at all. Need to stick with planning my trade.
The sentiment is risk off so you're good on that end. It's only the month end capital flows that are a concern right now.

100Pips picked the right trade for sure. JPY is very bullish right now.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,544
  • May 31, 2012 8:09am May 31, 2012 8:09am
These M15 patterns is what my grandfather called shit patterns - when they used to sprinkle some fresh horse shit on the road to lure russian soldiers in to traps (in a post war guerilla warfare in late 40'ties)
69
  • #33,545
  • May 31, 2012 8:10am May 31, 2012 8:10am
EJ please hit 97.028
  • #33,546
  • May 31, 2012 8:35am May 31, 2012 8:35am
That shouldn't be a problem. If not today, then tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,547
  • Edited 8:56am May 31, 2012 8:43am | Edited 8:56am
Keep an eye on the clock and the price action around 13:42 GMT

Written by Jamie Coleman
May 31, 2012 at 13:25 GMT

That’s when subscribers to the Chicago PMI data get an early peek at the number. The rest of us plebes don’t get it until 13:45 GMT when it is released to the newswires.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,548
  • May 31, 2012 8:52am May 31, 2012 8:52am
It looks like we are starting to get some weaker numbers out of the US. I am not sure if these numbers are seasonally adjusted but things do tend to slow down just before summer. Based on the PMI numbers just released plus the higher than expected job claims number, the weaker ADP non-farm and the bad Challenger Job Cuts, today the market will be pricing in a weaker NFP number for tomorrow. That is supposed to mean a slightly weaker USD as the fear/hope of QE3 would be heightened. However, with the doom and Gloom in Europe, there's no better place to stash your Cash than the USD. JPY is a nice haven too but that is more susceptible to CB intervention, albeit weak futile attempts.

So, barring any month end capital flows out of USD and into foreign currencies, this turd of a pair should suck bottom today.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,549
  • May 31, 2012 9:00am May 31, 2012 9:00am
Breakdown of Chicago PMI numbers...

Production 50.0 vs 57.1 expected
New orders 52.9 vs 57.4 expected
Prices paid 60.4 vs 68.6 expected

Also employment came in at 57.0 vs 58.7
Those who say it cannot be done should not interrupt those who are doing it
  • #33,550
  • May 31, 2012 9:01am May 31, 2012 9:01am
Danish central bank just cut key interest rates to .45% from .60
  • #33,551
  • May 31, 2012 9:02am May 31, 2012 9:02am
Quoting PipTrapper
Breakdown of Chicago PMI numbers...

Production 50.0 vs 57.1 expected
New orders 52.9 vs 57.4 expected
Prices paid 60.4 vs 68.6 expected

Also employment came in at 57.0 vs 58.7
Then USD up, am I right?
  • #33,552
  • May 31, 2012 9:03am May 31, 2012 9:03am
Quoting binFX
Then USD up, am I right?
Yes.. as long as there is no month end capital flows out of USD.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,553
  • May 31, 2012 9:08am May 31, 2012 9:08am
Quoting mka_78
EJ please hit 97.028
Almost done!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,554
  • May 31, 2012 9:08am May 31, 2012 9:08am
Quoting PipTrapper
Yes.. as long as there is no month end capital flows out of USD.
I've never seen everything(all Indices) negative including USDX.
  • #33,555
  • May 31, 2012 9:10am May 31, 2012 9:10am
Quoting Luis Carlos
Almost done!
waitin
  • #33,556
  • May 31, 2012 9:15am May 31, 2012 9:15am


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Those who say it cannot be done should not interrupt those who are doing it
  • #33,557
  • May 31, 2012 9:19am May 31, 2012 9:19am
Quoting mka_78
waitin
only 5 pips to go. I think we may break 97.02 today. By the way, 97.02 is the 2012 low for the E/J so we may see a small bounce.

E/J Daily
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Those who say it cannot be done should not interrupt those who are doing it
  • #33,558
  • May 31, 2012 9:27am May 31, 2012 9:27am
Quoting PipTrapper
only 5 pips to go. I think we may break 97.02 today. By the way, 97.02 is the 2012 low for the E/J so we may see a small bounce.

E/J Daily
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well, I am a patient little bear
I will scalp some 10 pips when bounce
  • #33,559
  • May 31, 2012 9:28am May 31, 2012 9:28am
Quoting PipTrapper


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one time again .. All the big are the pigs and retails investors get shaved for free ....
  • #33,560
  • May 31, 2012 9:29am May 31, 2012 9:29am
Could break!
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Stocktwit: LuisCarlos - twitter: @lcparodi
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