EurAnalysis | Page 1899 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #37,961
  • Jun 19, 2012 2:00am Jun 19, 2012 2:00am
will take short position only if price break and close below blue line.price already trying to break green line,which is early warning price may go down further.its a waiting game for now.otherwise 80 % probability that price may reach median green line
Attached Image (click to enlarge)
Click to Enlarge Name: median line.gif Size: 43 KB
Allah has permitted trade and has forbidden interest [koran]
  • #37,962
  • Jun 19, 2012 2:01am Jun 19, 2012 2:01am
Today's Euro Options expiries

1.2500
1.2420
1.2400

Hmmm... not much in the way of magnets today.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,963
  • Jun 19, 2012 2:02am Jun 19, 2012 2:02am
Quoting drzakir123
will take short position only if price break and close below blue line.price already trying to break green line,which is early warning price may go down further.its a waiting game for now
Exactly... Just sell into strong rallies.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,964
  • Jun 19, 2012 2:07am Jun 19, 2012 2:07am
Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: bonds.gif Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: futures.gif Size: 56 KB


Attached Image (click to enlarge)
Click to Enlarge Name: currencymatrix.gif Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: calendar.gif Size: 47 KB


Attached Image (click to enlarge)
Click to Enlarge Name: calendar2.gif Size: 49 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #37,965
  • Jun 19, 2012 2:30am Jun 19, 2012 2:30am
Price seems to not break 1.2620 good short there?
  • #37,966
  • Jun 19, 2012 2:30am Jun 19, 2012 2:30am
Quoting Skynet
yes, i am serious.

i am sorry for your limited blah blah blah....
You are still missing my point, so allow me to recapitulate our conversation:

Skynet: You are all overacting! Greek elections had impact only 50 pips.
Tom: Skynet, impact of Greece elections is way much bigger and may last for weeks.
Skynet: Tom, market is irrational.
Tom: Wtf are you talking about, I was talking about elections.
Skynet: Ok Tom. I will write you an essay about irrationality.
Tom: Fo, gimme a break, I dont need to hear this crap ten times a day.

T
"I know one thing, that I know nothing." Sokrates
  • #37,967
  • Jun 19, 2012 2:37am Jun 19, 2012 2:37am
SAMA on the bid again. Shouldn't last too long. I still expect a strong bearish sentiment until such time that the talking heads say something encouraging.

Possible risk events for today:
1. Announcement re formation of coalition government in Greece.
2. Comments from talking heads re Spain bank bailout.
3. Spanish bond auction.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #37,968
  • Jun 19, 2012 2:38am Jun 19, 2012 2:38am
Quoting BFSGcapital
..i love fx trading because it cannot be perfected, it cannot even really be mastered, but it can always be improved upon and there is no trader in the world who can say that isnt true for them
You know you know nothing? Welcome aboard.
"I know one thing, that I know nothing." Sokrates
  • #37,969
  • Jun 19, 2012 2:41am Jun 19, 2012 2:41am
Quoting Tom_D_Trader
You know you know nothing? Welcome aboard.
http://ourfunnyplanet.com/wp-content...ow-nothing.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #37,970
  • Jun 19, 2012 2:55am Jun 19, 2012 2:55am
Quoting PipTrapper
SAMA on the bid again. Shouldn't last too long. I still expect a strong bearish sentiment until such time that the talking heads say something encouraging.

Possible risk events for today:
1. Announcement re formation of coalition government in Greece.
2. Comments from talking heads re Spain bank bailout.
3. Spanish bond auction.

Attachment
Curious how much the SAMA is trading which kept the move up last time. 1 Billion? Do you have aguess PT?
  • #37,971
  • Jun 19, 2012 3:03am Jun 19, 2012 3:03am
Quoting mka_78
Curious how much the SAMA is trading which kept the move up last time. 1 Billion? Do you have aguess PT?

they have got endless number of zero's !!!!! and they will keep it like that till the oil prices get higher then pull thier hands and sell everything !!!
“Don't cry because it's over, smile because it happened.”
  • #37,972
  • Jun 19, 2012 3:07am Jun 19, 2012 3:07am
Quoting balanced2012
they have got endless number of zero's !!!!! and they will keep it like that till the oil prices get higher then pull thier hands and sell everything !!!
I have no doubt they have lots of zeros , nobody doubts this. But I just wonder how much could move the market up during London session
  • #37,973
  • Jun 19, 2012 3:09am Jun 19, 2012 3:09am
Quoting mka_78
I have no doubt they have lots of zeros , nobody doubts this. But I just wonder how much could move the market up during London session
lets say 20 to 30 % or the all liquidity there !!!
“Don't cry because it's over, smile because it happened.”
  • #37,974
  • Jun 19, 2012 3:16am Jun 19, 2012 3:16am
now back to where we were yesterday 1.257, that was a fast 48 pips drop and I missed it again
Maybe next move up i will short again (if it moves up again)
  • #37,975
  • Jun 19, 2012 3:20am Jun 19, 2012 3:20am
i am sorry to inform you that it is you who is missing the point...

and whatever the point is currently fluting your anus, i could care less.



Quoting Tom_D_Trader
You are still missing my point, so allow me to recapitulate our conversation:

Skynet: You are all overacting! Greek elections had impact only 50 pips.
Tom: Skynet, impact of Greece elections is way much bigger and may last for weeks.
Skynet: Tom, market is irrational.
Tom: Wtf are you talking about, I was talking about elections.
Skynet: Ok Tom. I will write you an essay about irrationality.
Tom: Fo, gimme a break, I dont need to hear this crap ten times a day.

T
" It may mean something. It may mean nothing at all "
  • #37,976
  • Jun 19, 2012 3:23am Jun 19, 2012 3:23am
Quoting mka_78
now back to where we were yesterday 1.257, that was a fast 48 pips drop and I missed it again
Maybe next move up i will short again (if it moves up again)

here is the link for SAMA web site just have a look on the numbers there scary !!!

http://www.sama.gov.sa/sites/samaen/Pages/Home.aspx
“Don't cry because it's over, smile because it happened.”
  • #37,977
  • Jun 19, 2012 3:30am Jun 19, 2012 3:30am
Quoting Tom_D_Trader
You are still missing my point, so allow me to recapitulate our conversation:

Skynet: You are all overacting! Greek elections had impact only 50 pips.
Tom: Skynet, impact of Greece elections is way much bigger and may last for weeks.
Skynet: Tom, market is irrational.
Tom: Wtf are you talking about, I was talking about elections.
Skynet: Ok Tom. I will write you an essay about irrationality.
Tom: Fo, gimme a break, I dont need to hear this crap ten times a day.

T
Quoting Skynet
i am sorry to inform you that it is you who is missing the point...

and whatever the point is currently fluting your anus, i could care less.
Okay. That's enough both of you. Agree to disagree, kiss and make up.
Let's get back to trading and leave our egos at the door.

http://image.shutterstock.com/displa...g-36730150.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #37,978
  • Jun 19, 2012 3:37am Jun 19, 2012 3:37am
Quoting mka_78
Curious how much the SAMA is trading which kept the move up last time. 1 Billion? Do you have aguess PT?
No guess. How much they are buying is not something you can quantify and on top of that there is no direct correlation between how much they buy and how much price goes up. That all depends on supply/demand and also how much others are selling. Their goal for buying is not to drive price up but rather to re-balance their foreign currency reserves. I wrote a piece about it last week which I shall post below...


Quoting PipTrapper
True they have the resources to hold the Euro up, but don't believe for a minute that they are doing this to support the Euro. There is no incentive for them to do so. Their bids on this pair are quite simply due to re-balancing of foreign reserve ratios.

Here's the logic behind it...
Over the last few months since the leading economies put sanctions in place against Iranian oil, Saudi Arabia has been picking up the slack and supplying more oil. Oil is priced in USD so their foreign reserves became unbalanced towards USD. Therefore in order to re-balance, they have to dump dollars and buy Euros. In the end, when their foreign reserves are balanced again, the bidding will stop or slow down. In conclusion, this is not a sustainable move. Will they be done today? tomorrow? early next week? I don't know, but when they are done, we will all know. Just watch the E/U pair and it will become very evident.

Those who say it cannot be done should not interrupt those who are doing it
  • #37,979
  • Jun 19, 2012 3:44am Jun 19, 2012 3:44am
Quoting PipTrapper
No guess. How much they are buying is not something you can quantify and on top of that there is no direct correlation between how much they buy and how much price goes up. That all depends on supply/demand and also how much others are selling. Their goal for buying is not to drive price up but rather to re-balance their foreign currency reserves. I wrote a piece about it last week which I shall post below...




[indent][b][i][color="DarkSlateBlue"]Here's the logic behind it...
Over the last few months since the leading economies put...
well explained, thanks
  • #37,980
  • Jun 19, 2012 3:50am Jun 19, 2012 3:50am
Spain said to delay audit results to September from July

Obviously the results really suck the big banana.

http://www.popscreenbot.com/assets/t...NjczNA==_o.jpg

That's as bearish as you can get. After yesterday's comment that the Spanish banks could need around 150 Billion, it's no wonder as that number was not received well at all. I say the number is much higher than even that and that is why they have delayed till September... hoping to buy more time until they figure out how the hell they are going to get out from under the giant elephant.

http://mallujokes.com/wp-content/upl...e-elephant.jpg
Those who say it cannot be done should not interrupt those who are doing it
25 traders viewing now