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EurAnalysis Kindergarten 24 replies

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  • #37,021
  • Jun 14, 2012 6:39am Jun 14, 2012 6:39am
Quoting balanced2012
i shoot in the heads .... lol


Seriously though. It is not a valid inverted H/S pattern. Inverted H/S patterns come at the bottom of a move and not half way through a flat correction.

The pattern looks the same but you have to consider what comes before it.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,022
  • Jun 14, 2012 6:43am Jun 14, 2012 6:43am
Orderboard (updated)

Written by Pete Jackson
June 14, 2012 at 11:30 GMT

EUR/USD: Tech sup 1.2540/50 (21 day MA 1.2548), bids/tech supp 1.2520/30.(1.2526- 50% 1.2442/12611). Offers 1.2590/2610, buy stops through 1.2615 and 1.2635

GBP/USD: Bids 1.5470/75 and tech supp 1.5450/60. Offers 1.5545/55, larger up at 1.5580/00, likely buy stops above.

EUR/GBP: Offers 0.8125/30. Large buy stops up through 0.8155 and 0.8170. Tech sup 0.8070/75, 0.8035/40

USD/JPY: Bids 79.20 down to 79.00, stops just below ahead of tech supp 78.70/75 (78.71-200 day MA), more sell stops below. Offers 79.70/80 (sovereigns) and 79.90/00 (exporters), buy stops just above. Tech res 80.23 (100 Day MA) and larger buy stops through 80.25.

EUR/JPY: Bids/99.50/60, offers 100.00/10 buy stops through 100.15

EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/35 buy stops through 1.2050

USD/CHF: Tech supp 0.9520/30 and 0.9480/90, res 0.9590/00

AUD/USD: Offers 0.9980/00, buy stops through 1.0010, tech res 1.0025/30 (1.0028-50% 1.0475/0.9581). Bids 0.9925/35, sell stops just below ahead of more bids 0.9900/10, more sell stops below 0.9900

AUD/JPY: Tech res 79.60/70 (79.60-50% 84.80/74.45) and 80.00, Tech supp 78.55/60

NZD/USD: Offers 0.7825/35 buy stops above. Tech supp 0.7720/25
Those who say it cannot be done should not interrupt those who are doing it
  • #37,023
  • Jun 14, 2012 6:46am Jun 14, 2012 6:46am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper


Seriously though. It is not a valid inverted H/S pattern. Inverted H/S patterns come at the bottom of a move and not half way through a flat correction.

The pattern looks the same but you have to consider what comes before it.
Yep

If such formation appears in top of price it is not Inverted H&S but Perverted H&S, which is not good formation to play with
  • #37,024
  • Jun 14, 2012 6:51am Jun 14, 2012 6:51am
I was looking how hard the market is now. Well, I only see 3 paths right now. No more.

1. Go to the hell
2. Finish the expanded triangle and break up
3. Reach 1.2455 finishing the triangle taken from 1.267 and bounce.

If we break up the trendlines without at least to finish the expanded triangle, I am more lost than Bush in Irak!
Attached Image (click to enlarge)
Click to Enlarge Name: 14.06.12.2.png Size: 66 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,025
  • Jun 14, 2012 6:54am Jun 14, 2012 6:54am
Quoting Luis Carlos
I was looking how hard the market is now. Well, I only see 3 paths right now. No more.

1. Go to the hell
2. Finish the expanded triangle and break up
3. Reach 1.2455 finishing the triangle taken from 1.267 and bounce.

If we break up the trendlines without at least to finish the expanded triangle, I am more lost than Bush in Irak!
I like #3
I prefer #1 but we have to be realistic.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,026
  • Jun 14, 2012 6:58am Jun 14, 2012 6:58am
Quoting PipTrapper
I like #3
I prefer #1 but we have to be realistic.
I think that If you make a poll. Everybody prefers that right now!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,027
  • Jun 14, 2012 7:01am Jun 14, 2012 7:01am
Quoting Luis Carlos
I think that If you make a poll. Everybody prefers that right now!
Hey Luis, you speak Spanish. Can you translate the important parts of this article please?

http://www.20minutos.es/noticia/1510...-crisis/deuda/
Those who say it cannot be done should not interrupt those who are doing it
  • #37,028
  • Jun 14, 2012 7:02am Jun 14, 2012 7:02am
In case, the triangle to everyone.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,029
  • Jun 14, 2012 7:02am Jun 14, 2012 7:02am
Quoting Luis Carlos
I think that If you make a poll. Everybody prefers that right now!
Well not all of us ...Ecuador cool that's a new country in FF....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #37,030
  • Jun 14, 2012 7:03am Jun 14, 2012 7:03am
Quoting PipTrapper
Hey Luis, you speak Spanish. Can you translate the important parts of this article please?

http://www.20minutos.es/noticia/1510...-crisis/deuda/
Oki doki
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,031
  • Jun 14, 2012 7:05am Jun 14, 2012 7:05am
Quoting Luis Carlos
Oki doki
Thanks
Those who say it cannot be done should not interrupt those who are doing it
  • #37,032
  • Jun 14, 2012 7:06am Jun 14, 2012 7:06am
Quoting PipTrapper
Hey Luis, you speak Spanish. Can you translate the important parts of this article please?

http://www.20minutos.es/noticia/1510...-crisis/deuda/
Google translation of article here; http://translate.google.co.uk/transl...-crisis/deuda/
I observe your reality but live my own.
  • #37,033
  • Jun 14, 2012 7:09am Jun 14, 2012 7:09am
Quoting Cgb
Google translation of article here; http://translate.google.co.uk/transl...-crisis/deuda/
Ahh thanks but I've already tried that and all I got was Spanglish grunts of fragmented sentences.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,034
  • Jun 14, 2012 7:10am Jun 14, 2012 7:10am
Anybody else having problems getting USDX quotes? Mine stopped at 7:30am EST and is no longer getting updated.
I observe your reality but live my own.
  • #37,035
  • Jun 14, 2012 7:11am Jun 14, 2012 7:11am
Quoting PipTrapper
Hey Luis, you speak Spanish. Can you translate the important parts of this article please?

http://www.20minutos.es/noticia/1510...-crisis/deuda/
Right now there is a meeting of the crisis cabinet to talk about the situation in Spain.

"The situation is complicated for our country despite the government sold a resounding success of the banking bailout pact with Europe. However, this rescue, far from calming the markets, seems to have cast further doubt on the national economy which has caused that distrust of markets has increased to record levels: ten years bonds interest have passed on 7 % and the risk premium remains above 540 points, has come to play the 550 -. The lace on this process started early this morning ratings agency Moody's has downgraded the rating of Spanish debt from A3 (remarkably low) to Baa3 (approved under), and placed it on negative outlook on the brink of 'junk bond "
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,036
  • Jun 14, 2012 7:13am Jun 14, 2012 7:13am
Quoting Luis Carlos
Right now there is a meeting of the crisis cabinet to talk about the situation of Spain.

"The situation is complicated for our country despite the government sold a resounding success of the banking bailout pact with Europe. However, this rescue, far from calming the markets, seems to have cast further doubt on the national economy which has caused that distrust of markets has increased to record levels: ten years bonds interest have passed on 7 % and the risk premium remains above 540 points, has come to play the 550 -. The lace on this process...
By the way google was very good, i changed just a few things...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,037
  • Jun 14, 2012 7:14am Jun 14, 2012 7:14am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Cgb
Anybody else having problems getting USDX quotes? Mine stopped at 7:30am EST and is no longer getting updated.
Didn't you read morning news?
In order to support Euro crisis US government has decided to quit USD and start using Euro instead. That is about to happen after Greek elections and EURUSD will be EUREUR

ADD: For real I believe your broker has some problems. Mine is working fine.
  • #37,038
  • Jun 14, 2012 7:14am Jun 14, 2012 7:14am
Quoting Cgb
Anybody else having problems getting USDX quotes? Mine stopped at 7:30am EST and is no longer getting updated.
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.gif Size: 52 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #37,039
  • Jun 14, 2012 7:20am Jun 14, 2012 7:20am
Quoting Luis Carlos
By the way google was very good, i changed just a few things...
Thanks Luis. Your "Few Changes" make the difference between Spanglish grunts and English sentences.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,040
  • Jun 14, 2012 7:21am Jun 14, 2012 7:21am
Quoting AFXFin
Didn't you read morning news?
In order to support Euro crisis US government has decided to quit USD and start using Euro instead. That is about to happen after Greek elections and EURUSD will be EUREUR

ADD: For real I believe your broker has some problems. Mine is working fine.
Okay good... now all we need is QE3 for the EUR/EUR
Those who say it cannot be done should not interrupt those who are doing it
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