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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,741
  • Jun 1, 2012 3:12am Jun 1, 2012 3:12am
Quoting PipTrapper
This is nothing. Wait until the month gets started. June is going to be quite volatile/choppy and yet probably go nowhere. Not good for a potition trader like me but excellent for intraday.
Nothing? What we just saw made no sense whatsoever. But I was not around for Summer last year trading Euro, so I have little experience here

All I can think of is a) whoever sold 30 pips of Euros there is really stupid, because someone else bought it up very quick b) the 30 pip down move was created only so they could get long 30 pips lower.

Otherwise, why sell that much all at once if you know no one else is going to sell too?

Just doesn't make any sense to me, hard to believe big money can be that stupid sometimes, which is why I believe whoever took it lower, did so in order to get long.

If not, they just got their nuts squeezed

Is big money really that indecisive right now? Usually they work together in harmony, it's actually quite funny when they can't pick a direction to go.
An opportunity lost is not a capital cost.
  • #33,742
  • Jun 1, 2012 3:21am Jun 1, 2012 3:21am
Quoting BFSGcapital
Nothing? What we just saw made no sense whatsoever. But I was not around for Summer last year trading Euro, so I have little experience here

All I can think of is a) whoever sold 30 pips of Euros there is really stupid, because someone else bought it up very quick b) the 30 pip down move was created only so they could get long 30 pips lower.

Otherwise, why sell that much all at once if you know no one else is going to sell too?

Just doesn't make any sense to me, hard to believe big money can be that stupid sometimes, which is why I believe...
Keep in mind that this pair also moves for commercial purposes, capital flows not related to Forex and also re-positioning of portfolios ahead of risk events. Furthermore, the Euro took a bit of a knee-jerk hit due to bad Spanish PMI numbers and a rebound due to slightly better than expected Italian PMI. Also there is barrier option interest at 1.2300 which is probably being defended way ahead of time considering how the 3 previous barriers broke so easily when price came too close.

In the end, this turd is going to suck bottom, but until then, it's going to be choppy. Just think how many technical traders are out there trying to reverse this beast just on the sole indication that it is way oversold.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,743
  • Jun 1, 2012 3:23am Jun 1, 2012 3:23am
So I got 100K
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,744
  • Edited 3:26am Jun 1, 2012 3:24am | Edited 3:26am
Quoting BFSGcapital
I see 1.262 as the cap of any retrace now. Unless something drastic happens to the USD, it's hard to imagine much strength in the Euro.

And this time around it will be different too, IMO. I bet we could see QE3, and not even see the Euro break 1.30 ever again. Why would USD flow back into Euros? Just doesn't make any sense anymore. That's why FED can't QE, or it's gold $2000+ and silver $50+ and once those levels are breached, everybody and there mother will be chasing those markets.

I can't wait for the next QE 3 (if we ever get it). It's literally...
2013=QE 3 1st q We will probably get it, because it is necessary to complete the slaughter of the dollar.
  • #33,745
  • Jun 1, 2012 3:25am Jun 1, 2012 3:25am
Come to bugging a while
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,746
  • Jun 1, 2012 3:27am Jun 1, 2012 3:27am
I'm going for 142
  • #33,747
  • Jun 1, 2012 3:28am Jun 1, 2012 3:28am
+143

UNEMPLOYMENT 7.9%
  • #33,748
  • Jun 1, 2012 3:31am Jun 1, 2012 3:31am
Quoting faisalamyn
i have bought EUR/USD at 1.3063 and since than averaging it out and currently my average is at 1.2786. should i still wait for it or close my position in loss.

is their any chance of pair going up
There is always a chance for it to go up and eventually it will, but the chances are very slim right now because the bigger risk is to the downside. I am seeing 1.1750 as the eventual target unless some really really good news comes out of Europe or unless the Fed launches QE3.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,749
  • Jun 1, 2012 3:31am Jun 1, 2012 3:31am
Quoting PipTrapper
+123K

+138k
  • #33,750
  • Jun 1, 2012 3:31am Jun 1, 2012 3:31am
I am ready
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,751
  • Jun 1, 2012 3:33am Jun 1, 2012 3:33am
Quoting sftyler
I'm going for 142
+142K is already taken by minortrader. Please pick another number.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,752
  • Jun 1, 2012 3:34am Jun 1, 2012 3:34am
Morning everyone. Late start but I'm here all day.
  • #33,753
  • Jun 1, 2012 3:35am Jun 1, 2012 3:35am
HombreAlto: +180K
CommercialB: +170K
Savager: +165K
mka_78: +152K
Quidproquo: +150K
neuron: +147K
Gofer Pips: +143K
minortrader: +142K
FXSwissTrader: +138K
PipsMaster23: +136K
100PipsADay: +132K
PipTrapper: +123K
ejiexe: +118K
BFSGcapital: +111K
Luis Carlos: +100K
Halifax: +102K
Likerty: +97K
CurrencyMan: +90K
afos: +88K
Those who say it cannot be done should not interrupt those who are doing it
  • #33,754
  • Jun 1, 2012 3:36am Jun 1, 2012 3:36am
Quoting FXSwissTrader
Morning everyone. Late start but I'm here all day.
Good morning. Buckle up your seat belt
Those who say it cannot be done should not interrupt those who are doing it
  • #33,755
  • Jun 1, 2012 3:38am Jun 1, 2012 3:38am
Quoting PipTrapper
There is always a chance for it to go up and eventually it will, but the chances are very slim right now because the bigger risk is to the downside. I am seeing 1.1750 as the eventual target unless some really really good news comes out of Europe or unless the Fed launches QE3.
I see the same until Greece elections
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,756
  • Jun 1, 2012 3:38am Jun 1, 2012 3:38am
Quoting FXSwissTrader
Morning everyone. Late start but I'm here all day.
Hey SwissTrader!

Good to see you.
  • #33,757
  • Jun 1, 2012 3:42am Jun 1, 2012 3:42am
PT, was just wondering. I don't know how you stay so dedicated to watching price action when you don't even trade it (intraday)

How can you not be tempted to take at least 1 scalp throughout the day?

Talk about patience.

Are you even going to close or open any positions today if NFP is off expectations? Taking any partial profit on your 1.2xx shorts?

Don't know how you can do it! All I know is I wish I was still holding that EurJPY short from 102. Seems like there's nothing in its path from going all the way to 89 or 90.
An opportunity lost is not a capital cost.
  • #33,758
  • Jun 1, 2012 3:44am Jun 1, 2012 3:44am
Quoting BFSGcapital
PT, was just wondering. I don't know how you stay so dedicated to watching price action when you don't even trade it (intraday)

How can you not be tempted to take at least 1 scalp throughout the day?

Talk about patience.

Are you even going to close or open any positions today if NFP is off expectations? Taking any partial profit on your 1.2xx shorts?

Don't know how you can do it! All I know is I wish I was still holding that EurJPY short from 102. Seems like there's nothing in its path from going all the way to 89 or 90.
Patience. It comes with age and experience.

My only intention at this point is to add short positions on rallies.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,759
  • Jun 1, 2012 3:45am Jun 1, 2012 3:45am
Quoting PipTrapper
Good morning. Buckle up your seat belt
Morning PT. I'm ready buddy.


Looks like all the action is risk off. Euro and dollar seems to be equal in strength. Might go sideways today til NFP. Other pairs to possibly trade U/CAD, G/U, A/U and all yen pairs. Yen and dollar looks to be strongest currency so far today. Sell everything else.
  • #33,760
  • Jun 1, 2012 3:46am Jun 1, 2012 3:46am
Quoting 100PipsADay
Hey SwissTrader!

Good to see you.
Thx pippy. U still holding your E/J?
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