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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #40,521
  • Jun 29, 2012 3:35am Jun 29, 2012 3:35am
Quoting PipTrapper
Excellent.

I'm just glad I took a truckload of partial profits yesterday, otherwise my equity would have been set back to last Friday's levels and it would have resulted in a wasted week.

Soon it will be time to start reloading on fresh short positions, but first I want to see how today plays out. I never underestimate the power of hopium.
Well I was lucky to have added a long E/U @1.2440 and short u/Cad @ 1.0350 positions late yesterday. Woke up late today and Bam! Both closed at my target as well over 200 pips.

Now time to probably go the other way.
  • #40,522
  • Jun 29, 2012 3:38am Jun 29, 2012 3:38am
Starting to watch for a short on e/j. Waiting on the flash pmi first.
  • #40,523
  • Jun 29, 2012 3:39am Jun 29, 2012 3:39am
Quoting FXSwissTrader
Well I was lucky to have added a long E/U @1.2440 and short u/Cad @ 1.0350 positions late yesterday. Woke up late today and Bam! Both closed at my target as well over 200 pips.

Now time to probably go the other way.
Very nice! I agree on the other way. I went long u/c about 20 pips ago. Looking to short euro soon
  • #40,524
  • Jun 29, 2012 3:40am Jun 29, 2012 3:40am
Quoting FXSwissTrader
Well I was lucky to have added a long E/U @1.2440 and short u/Cad @ 1.0350 positions late yesterday. Woke up late today and Bam! Both closed at my target as well over 200 pips.

Now time to probably go the other way.
Morning Swiss. Congrats on the 200 pips

I'm fine with what I already have. My sell limits on E/U are triggered and my buy limit on U/CAD also got triggered. So, let the wind blow where it may, as long as it is my way.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,525
  • Jun 29, 2012 3:47am Jun 29, 2012 3:47am
Quoting PipTrapper
That's it. So what do we really have? Nothing.

"We affirm that it is imperative to break the vicious circle between banks and sovereigns. The Commission will present Proposals on the basis of Article 127(6) for a single supervisory mechanism shortly. We ask the Council to consider these Proposals as a matter of urgency by the end of 2012. When an effective single supervisory mechanism is established, involving the ECB, for banks in the euro area the ESM could, following a regular decision, [b]have the possibility to...
This is it? This is what cause the short covering? That is some weak B.S.
  • #40,526
  • Jun 29, 2012 3:47am Jun 29, 2012 3:47am
Quoting FXSwissTrader
Well I was lucky to have added a long E/U @1.2440 and short u/Cad @ 1.0350 positions late yesterday. Woke up late today and Bam! Both closed at my target as well over 200 pips.

Now time to probably go the other way.
Nice trades neighbour
I am sure you are superglued to the right direction
  • #40,527
  • Jun 29, 2012 3:49am Jun 29, 2012 3:49am
Quoting PipTrapper
Morning Swiss. Congrats on the 200 pips

I'm fine with what I already have. My sell limits on E/U are triggered and my buy limit on U/CAD also got triggered. So, let the wind blow where it may, as long as it is my way.
Morning PT. What did you get triggered at? I didn't expect the dam spike anywhere to these levels and didn't have any sell orders in.
  • #40,528
  • Jun 29, 2012 3:50am Jun 29, 2012 3:50am
Quoting mka_78
Nice trades neighbour
I am sure you are superglued to the right direction
Danke
  • #40,529
  • Jun 29, 2012 3:57am Jun 29, 2012 3:57am
Quoting PipTrapper
Morning Swiss. Congrats on the 200 pips

I'm fine with what I already have. My sell limits on E/U are triggered and my buy limit on U/CAD also got triggered. So, let the wind blow where it may, as long as it is my way.
Ive just gone short @ 1.2575 and long U/CAD @ 1.0250. If it goes against me, I'm going to scale in another position.
  • #40,530
  • Jun 29, 2012 4:11am Jun 29, 2012 4:11am
Quoting FXSwissTrader
Morning PT. What did you get triggered at? I didn't expect the dam spike anywhere to these levels and didn't have any sell orders in.
My 1.2525 and 1.2535 positions got triggered with positive slippage at 1.2544, and my 1.2565 right as requested. So, I have reloaded about 50% of what I took off this week. This means I still have room to add more if the opportunity presents itself.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,531
  • Jun 29, 2012 4:11am Jun 29, 2012 4:11am
What is crude doing at the moment ? Is it still down 2% near 78$
  • #40,532
  • Jun 29, 2012 4:12am Jun 29, 2012 4:12am
Quoting FXSwissTrader
Ive just gone short @ 1.2575 and long U/CAD @ 1.0250. If it goes against me, I'm going to scale in another position.
Yesterday I conveniently forgot to set my stop losses on U/CAD so I'm still in.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,533
  • Jun 29, 2012 4:14am Jun 29, 2012 4:14am
Quoting D2tz
What is crude doing at the moment ? Is it still down 2% near 78$
$79.65
Hit a high of $79.91
$80 should be good resistance but if we get a second surge of hopium, we could see $82
Those who say it cannot be done should not interrupt those who are doing it
  • #40,534
  • Jun 29, 2012 4:15am Jun 29, 2012 4:15am
Quoting PipTrapper
My 1.2525 and 1.2535 positions got triggered with positive slippage at 1.2544, and my 1.2565 right as requested. So, I have reloaded about 50% of what I took off this week. This means I still have room to add more if the opportunity presents itself.
I can't believe how much spike we had overnight because of some bull#$@% empty statement from Rompuy. Americans are going to back the truck up and reverse this thing since daily H range has already been taken out to the woodshed.
  • #40,535
  • Jun 29, 2012 4:16am Jun 29, 2012 4:16am
Quoting PipTrapper
Yesterday I conveniently forgot to set my stop losses on U/CAD so I'm still in.
Oh man.
  • #40,536
  • Jun 29, 2012 4:18am Jun 29, 2012 4:18am
Quoting PipTrapper
$79.65
Hit a high of $79.91
$80 should be good resistance but if we get a second surge of hopium, we could see $82
Thanks. Does that mean you are short on hopium
  • #40,537
  • Jun 29, 2012 4:21am Jun 29, 2012 4:21am
Quoting D2tz
Thanks. Does that mean you are short on hopium
I am always short on hopium. Don't get me wrong.. I love it, but not the way the market loves it. I love it because I like to fade it. Hopium only produces reactions with no follow through... especially the kind of hopium produced by last night's verbal diarrhea

ADD: As an example, look at the Spanish 10 Year yield creeping back up almost as quickly as it fell.

Attached Image (click to enlarge)
Click to Enlarge Name: 10YSP.gif Size: 50 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #40,538
  • Jun 29, 2012 4:22am Jun 29, 2012 4:22am
Quoting FXSwissTrader
Oh man.
No worries. My U/CAD trades are still in the green overall.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,539
  • Jun 29, 2012 4:30am Jun 29, 2012 4:30am
...and just as expected, all that diarrhea from last night is slowly being flushed down the toilet

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #40,540
  • Jun 29, 2012 4:33am Jun 29, 2012 4:33am
Quoting PipTrapper
...and just as expected, all that diarrhea from last night is slowly being flushed down the toilet

Attachment
Seems like FF is overloaded again today. Anybody have the same problem? Traders probably trying to find out what the hell happened overnight.
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