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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,601
  • May 31, 2012 11:01am May 31, 2012 11:01am
Quoting FXSwissTrader
Yep. If we measure the move from Jan low to Feb high and add that to the Jan low, it should put us around 1.17. That's my target and I believe same with PT.
1.1752 is the target. The low will probably be somewhere below there... maybe even the 1.1595 I mentioned a couple of posts ago.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,602
  • May 31, 2012 11:04am May 31, 2012 11:04am
Quoting PipTrapper
1.1752 is the target. The low will probably be somewhere below there... maybe even the 1.1595 I mentioned a couple of posts ago.
Yep. Saw that. My exact target is 1.1761. But I'm with you that it will probably go further down. What's a couple of pips amongst friends?
  • #33,603
  • May 31, 2012 11:17am May 31, 2012 11:17am
Attached Image


I'm not sure where Jamie is getting his data. I know he works in the FXDD offices in NY. Perhaps it is FXDD traders who are net short the Euro.

Oanda traders aren't
Attached Image (click to enlarge)
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FXCM traders aren't
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Just for visuals, here are the current and pending orders at Oanda.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #33,604
  • May 31, 2012 11:18am May 31, 2012 11:18am
According to source, IMF begin talks on Spanish contingency plans. E/U bouncing.
  • #33,605
  • May 31, 2012 11:21am May 31, 2012 11:21am
Quoting PipTrapper
Attachment

I'm not sure where Jamie is getting his data. I know he works in the FXDD offices in NY. Perhaps it is FXDD traders who are net short the Euro.

Oanda traders aren't
Attachment

FXCM traders aren't
Attachment

Just for visuals, here are the current and pending orders at Oanda.
Attachment
Unbelievable all the underwater open Long positions on Oanda.
  • #33,606
  • Edited 11:40am May 31, 2012 11:24am | Edited 11:40am
thats some shiet spike i must say that.. (cause it hit my 3 sl, live -.-)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,607
  • May 31, 2012 11:27am May 31, 2012 11:27am
Quoting PipTrapper
You did well. Now that we're at Europe close, I don't expect much more heavy movement. NFP tomorrow.
Thank you sir! I'm wondering if I should wait till after NFP tomorrow or just let the week end and wait till sunday night/monday. I'm still cautious of month end profit taking before I re-enter.

The way I see it: if NFP's are positive or better than expectations, then it is much more likely to be US Dollar positive even in a risk on status, and if NFP's undershoot then it could go either way, all depends on how the feds react, qe3, or other easing measures?

And in my case I also need to keep an eye on the SNB.
  • #33,608
  • May 31, 2012 11:37am May 31, 2012 11:37am
I see the trend still coninues lower. No ending action. Again All rallies should be shorted. tomorrow numbers won't change much big picture is still down sided. Just my 2 cents....
(He who knows everything knows nothing!)
  • #33,609
  • May 31, 2012 11:43am May 31, 2012 11:43am
Quoting changbachang
thats some shiet spike i must say that.. (cause it hit my 3 sl, live -.-)
Yes...i have had also a friend visiting...and we have had a chat. I was to slow, and the spike hit my S/L
  • #33,610
  • May 31, 2012 11:45am May 31, 2012 11:45am
Quoting PipTrapper
Makes a great hedge, doesn't it?

http://www.timsgardencentre.com.au/p...uper-hedge.jpg
is that u PT?
Allah has permitted trade and has forbidden interest [koran]
  • #33,611
  • May 31, 2012 11:54am May 31, 2012 11:54am
Money flies out of Spain, regions pressured


MADRID (Reuters) -

Bank of Spain data showed a net 66.2 billion euros ($82.0 billion) was sent abroad last month, the most since records began in 1990.

http://www.cnbc.com/id/47629742


-------------------------------------------------------------------------------------------------

Holy Toledo Batman!
  • #33,612
  • May 31, 2012 11:59am May 31, 2012 11:59am
scalp gold, equal to my 3 $&^@$ trade (@eur that hit sl because of spike) , fuhh
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,613
  • May 31, 2012 12:22pm May 31, 2012 12:22pm
Quoting changbachang
scalp gold, equal to my 3 $&^@$ trade (@eur that hit sl because of spike) , fuhh
haha, I guess this time someone else's profit was your stop loss
  • #33,614
  • May 31, 2012 12:42pm May 31, 2012 12:42pm
PT when begin to NFP forecast contest. I am Ready
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,615
  • May 31, 2012 12:42pm May 31, 2012 12:42pm
Quoting Dagoot
haha, I guess this time someone else's profit was your stop loss
  • #33,616
  • May 31, 2012 12:46pm May 31, 2012 12:46pm
Stupid is as stupid does



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  • #33,617
  • May 31, 2012 12:57pm May 31, 2012 12:57pm
Does anyone have information about "Irish Stability Treaty Vote"??
  • #33,618
  • May 31, 2012 1:18pm May 31, 2012 1:18pm
Quoting Dagoot
Thank you sir! I'm wondering if I should wait till after NFP tomorrow or just let the week end and wait till sunday night/monday. I'm still cautious of month end profit taking before I re-enter.

The way I see it: if NFP's are positive or better than expectations, then it is much more likely to be US Dollar positive even in a risk on status, and if NFP's undershoot then it could go either way, all depends on how the feds react, qe3, or other easing measures?

And in my case I also need to keep an eye on the SNB.
The best trade for NFP has mostly been the USD/JPY

Short on bad numbers
Long on good numbers

The only exception is during times of probable BOJ intervention with a bad NFP number or any other risk off news.

As for EUR/USD, if the number is good tomorrow, the USD will rally against the Euro (EUR/USD bearish). If the number is bad, we should get sideways or slightly bullish action but any bullish action should be well capped. The only factor that could cause a sustained short squeeze on this pair is a miraculous resolution to the problems in Spain and Greece. I don't see that coming any time soon. Sure you'll hear lots of rumors of a solution which may squeeze out the weak shorts, but I see these as opportunities to add fresh shorts.

Bottom line, Euro is crap. USD is not much better but the US is not facing a potential currency breakup, bank failure or sovereign debt default in the near term.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,619
  • May 31, 2012 1:20pm May 31, 2012 1:20pm
Quoting drzakir123
is that u PT?
No. That's a PT wannabe
Those who say it cannot be done should not interrupt those who are doing it
  • #33,620
  • May 31, 2012 1:21pm May 31, 2012 1:21pm
Quoting Luis Carlos
PT when begin to NFP forecast contest. I am Ready
Tomorrow morning.
Those who say it cannot be done should not interrupt those who are doing it
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