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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,181
  • Jun 22, 2012 5:56am Jun 22, 2012 5:56am
Quoting CurrencyMan
The Winner Will Be ?

Now on to forex. Morning thoughts. Risk on or Risk off ?

Where will the Dow go ?

EUR/USD now trading at 1.2555

Is US Dollar Index hitting resistance ?

All Europe stock exchanges are down. Will North America follow ?

What will Friday bring ?

The above questions are for myself. When I know the answers I know if I have a trade.

US Bond Yields are at .30% and 1.64% for 2 year and 10 year US Bonds.

A call from one of my services.

EUR/USD intraday: the downside prevails. Pivot: 1.257

Most Likely Scenario:...
Hard to tell with the mix signals out there. Dollar index is in the red, Dow and S&P futures are up while rest of world indexes are down. Gold and oil is also a little flat. We'll have to wait til NY equities market open to see if they'll follow suite with the rest of the market or rally. Strongest currency so far today has been the New Zealand $.
  • #39,182
  • Jun 22, 2012 6:01am Jun 22, 2012 6:01am
Quoting Tom_D_Trader
Saint PT.
http://www.cartoonstock.com/newscart...s/babn180l.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #39,183
  • Jun 22, 2012 6:03am Jun 22, 2012 6:03am
Quoting CurrencyMan
.PLEASE DO NOT COMMENT ON MY COMMENT.
Man seriously. He didnt tell anything offensive. Just shared his opinion that British tabloids are not good resource of financial informations. Take it easy. He is really only trying to help.

And btw, market is so lazy now, that we may chat about rubbish for a while, cant we? Or do you plan to add some positions right before breakout and NY open?

T
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"I know one thing, that I know nothing." Sokrates
  • #39,184
  • Jun 22, 2012 6:10am Jun 22, 2012 6:10am
Okay I'm back. Everybody who's feeling a bit off this morning, please take one of these new pills

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Those who say it cannot be done should not interrupt those who are doing it
  • #39,185
  • Jun 22, 2012 6:12am Jun 22, 2012 6:12am
Looks like this is going to be a boring day in the markets. I guess that's good because it beautiful and sunny here today. So maybe a few extra hours of fresh air is on the docket.

Started my hammer position last night before going to sleep, 1/3 short at 1.2562 and I have a sell limit (another 1/3) at 1.2610. This is above the Daily Pivot but below Weekly pivot. It might be too high but I think we see 1.2600 once more before the nose dive. Other 1/3 will be taken based on PA today (if we see any) and Monday.

At least that's the game plan right now.
I observe your reality but live my own.
  • #39,186
  • Jun 22, 2012 6:17am Jun 22, 2012 6:17am
Quoting FXSwissTrader
No, I don't know what you mean. Maybe you should try to post something in here more constructive instead of coming in here with your snips and trying to piss people off everyday. Seems like that is your goal on this thread. Stay over in the useless thread mate. You know what I mean? Have a snickers cause you acting like a b#tch. Goodbye.
Swissy is a great deputy moderator. No diplomacy. Just goes straight at them like a spider monkey.

http://pumapac.org/wp-content/upload...der_monkey.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #39,187
  • Jun 22, 2012 6:18am Jun 22, 2012 6:18am
Quoting PipTrapper
Okay I'm back. Everybody who's feeling a bit off this morning, please take one of these new pills
Hah. I am seriously going to start selling these. I already have three products now. Pills with a reduction kit for stressed out consumers in Europe and Jihad Joe for US ones.
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"I know one thing, that I know nothing." Sokrates
  • #39,188
  • Jun 22, 2012 6:19am Jun 22, 2012 6:19am
Quoting Cgb
Looks like this is going to be a boring day in the markets. I guess that's good because it beautiful and sunny here today. So maybe a few extra hours of fresh air is on the docket.

Started my hammer position last night before going to sleep, 1/3 short at 1.2562 and I have a sell limit (another 1/3) at 1.2610. This is above the Daily Pivot but below Weekly pivot. It might be too high but I think we see 1.2600 once more before the nose dive. Other 1/3 will be taken based on PA today (if we see any) and Monday.

At least that's the game...
Careful... coz I think it's going to rally to 1.4250
Those who say it cannot be done should not interrupt those who are doing it
  • #39,189
  • Jun 22, 2012 6:20am Jun 22, 2012 6:20am
Quoting PipTrapper
Careful... coz I think it's going to rally to 1.4250
Just kidding
Those who say it cannot be done should not interrupt those who are doing it
  • #39,190
  • Jun 22, 2012 6:24am Jun 22, 2012 6:24am
Quoting PipTrapper
Careful... coz I think it's going to rally to 1.4250
That must be a typo... You mean 1.2450
I observe your reality but live my own.
  • #39,191
  • Jun 22, 2012 6:30am Jun 22, 2012 6:30am
Still holding on to my short position from 1.26485, took out 1/3 of my position at 1.2570 (usually i take 2/3) but felt this baby has still time to drop further. My next target is now 1.2475 ish...
Cheers!!
  • #39,192
  • Jun 22, 2012 6:31am Jun 22, 2012 6:31am
Quoting Cgb
That must be a typo... You mean 1.2450
No it wasn't a typo. Did you see the post immediately after it?
Those who say it cannot be done should not interrupt those who are doing it
  • #39,193
  • Jun 22, 2012 6:37am Jun 22, 2012 6:37am
Quoting PipTrapper
No it wasn't a typo. Did you see the post immediately after it?
I mist have been posting mine while you were posting the second one
I observe your reality but live my own.
  • #39,194
  • Jun 22, 2012 6:42am Jun 22, 2012 6:42am
Quoting CurrencyMan
This post is not directed at any one person. It is directed at everyone.

PipTrapper made the point yesterday. Zero Tolerance.

This is not the EUR/USD thread.

Sisse posted a Snicker. Then the Reply. Then Tom's comment.

This movie is a rerun. Let's all move on and imagine the three posts did not occur. The poster can post anything within reason. The reply if any cannot be personal. Comments on the reply lead to more comments.

My comment is also included as a comment however I am suggesting DISCIPLINE so it is a positive comment.

Let's...
After wandering in the forexland aimlessly for about six years, finally I found this marvelous forum (fortunately, from its inception). This has been more than a place of learning, more like a temple, a place of sanctuary.

Kindly consider the possibility that this venerable forum may also be equally useful to many other new traders who might also be learning (in silence) from the many many good experts posting here.

Almost everyone posting here is an educated person. Although, internet does provide us anonymity, we as civilized citizens have a sacred duty to be polite and courteous to others. Otherwise, we are not only being discourteous and abusive to the fine gentleman who has devoted enormous time and energies in a completely selfless manner but also depriving a silent majority of newbies who depend on this forum to progress in their journey of learning. Let us all be respectful to each other.

- A humble follower.
  • #39,195
  • Jun 22, 2012 6:43am Jun 22, 2012 6:43am
Quoting FXSwissTrader
No, I don't know what you mean. Maybe you should try to post something in here more constructive instead of coming in here with your snips and trying to piss people off everyday. Seems like that is your goal on this thread. Stay over in the useless thread mate. You know what I mean? Have a snickers cause you acting like a b#tch. Goodbye.
Constructive? ...lol ...trying to piss people off everyday? wtf are you talking about mate?.... This is the first time I talk to you? my posts in this thread are mostly very long and good FA discussions.

Have u ever read my posts? ... Look I am sorry you don't get my posts which are between 98% to 99% market talk or the hundred charts that are 100% relevant trading related but may be this wiki can help you understand that I was trying to make fun of the UK tabloids not you.

Fyi, Wiki: "Page Three (or Page 3) is a feature found in some tabloid newspapers, especially in the United Kingdom, consisting of a large photograph of a topless female glamour model traditionally printed on the newspaper's third page. Women who model regularly for the feature are known as Page Three girls."

Why don't you better react so actively arguing about the news you posted instead of going for the soup opera chit chat in FF ...I can guarantee you, we all will get better bang for the buck ....case close with you until then.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #39,196
  • Jun 22, 2012 6:45am Jun 22, 2012 6:45am
Quoting minortrader
After wandering in the forexland aimlessly for about six years, finally I found this marvelous forum (fortunately, from its inception). This has been more than a place of learning, more like a temple, a place of sanctuary.

Kindly consider the possibility that this venerable forum may also be equally useful to many other new traders who might also be learning (in silence) from the many many good experts posting here.

Almost everyone posting here is an educated person. Although, internet does provide us anonymity, we as civilized citizens...
Hear hear ...and thanks for the honorable mention
Those who say it cannot be done should not interrupt those who are doing it
  • #39,197
  • Jun 22, 2012 6:45am Jun 22, 2012 6:45am
Quoting minortrader
After wandering in the forexland aimlessly for about six years, finally I found this marvelous forum (fortunately, from its inception). This has been more than a place of learning, more like a temple, a place of sanctuary.

Kindly consider the possibility that this venerable forum may also be equally useful to many other new traders who might also be learning (in silence) from the many many good experts posting here.

Almost everyone posting here is an educated person. Although, internet does provide us anonymity, we as civilized citizens...
Well said minortrader.
  • #39,198
  • Jun 22, 2012 6:52am Jun 22, 2012 6:52am
New Greek PM Samaris has just been hospitalized. Less then one day on the job, it's already taking a toll.
  • #39,199
  • Jun 22, 2012 7:11am Jun 22, 2012 7:11am
Quoting FXSwissTrader
New Greek PM Samaris has just been hospitalized. Less then one day on the job, it's already taking a toll.
He saw job ahead of him!

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  • #39,200
  • Jun 22, 2012 7:12am Jun 22, 2012 7:12am
Hello, guyz, I just want to share with you my observations and my thoughts on a possible future - EUR/USD move.

Ok, so what happened? A fast priced - in action from the good news from Greece that they have formed up a new govermet, but as we can recall - it was very short joy, cuz actually this doesn't mean anything. Their future work will give results... And then the market focused again on Spain's problems and the euro was beeten pritty much.

The euro was low as 1.23532 and on the 27nd of May it formed a bottom. From there - the pair is moving up.

Here is a weekly chart of our favorite EUR/USD pair:

https://fbcdn-sphotos-a.akamaihd.net...32460848_o.jpg

And as we can see there is divergence shown by MACD and RVI.
I think that the price my reach the elusive 1.3000 level next week.
Scenario 1:
Yes, this is a long - term - trend - reversal. Europe is making good progress at containing the crisis and saves Spain from a bank-system-crash. Greece shows progress. No need for the greenbank, trust is returning and investors are returning to Europe.
Scenario 2:
The Bears are taking a break, so that there can be space for a next wave of selling right to the levels around 1.2300. Which means that this weekly move could be a bearish flag.

By the way here is a graph of the DLTR-US, but a daily graph.

https://fbcdn-sphotos-a.akamaihd.net...82947677_o.jpg

RVI shows that the index is at the overbought levels and shows that there might be a big move to the south.

This is it from me.
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