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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #41,101
  • Jul 5, 2012 6:49am Jul 5, 2012 6:49am
Quoting PipTrapper
looks like deposit rate is also cut. That would be very bearish as it would put more cash in circulation.
Yep. no more cash parked at ECB.
  • #41,102
  • Jul 5, 2012 6:53am Jul 5, 2012 6:53am
Quoting Cgb
Papa has a big smile on his face right now
Me too!
Attached Image
  • #41,103
  • Jul 5, 2012 6:56am Jul 5, 2012 6:56am
Quoting FXSwissTrader
Me too!
Me three

http://3.bp.blogspot.com/_0pzwKzvSMb...0/dilbert2.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #41,104
  • Jul 5, 2012 6:58am Jul 5, 2012 6:58am
Quoting Cgb
Papa has a big smile on his face right now
Quoting FXSwissTrader
Me too!
Quoting PipTrapper
Me three
It's no wonder that dufus posted that comment last week about how anti-euro we are
Those who say it cannot be done should not interrupt those who are doing it
  • #41,105
  • Jul 5, 2012 7:00am Jul 5, 2012 7:00am
Quoting Cgb
Two number I hope hold... 1625.05 on gold and 90.64 on WTI crude.

Could get ugly if these break north.
I hope so too.
  • #41,106
  • Jul 5, 2012 7:00am Jul 5, 2012 7:00am
Quoting PipTrapper
It's no wonder that dufus posted that comment last week about how anti-euro we are
You're still anti euro. Euro is only good...............

Inserted Video
  • #41,107
  • Jul 5, 2012 7:01am Jul 5, 2012 7:01am
Quoting PipTrapper
It's no wonder that dufus posted that comment last week about how anti-euro we are
hahaha.... I prefer to be considered pro-reality.
  • #41,108
  • Jul 5, 2012 7:02am Jul 5, 2012 7:02am
Quoting PipTrapper
It's no wonder that dufus posted that comment last week about how anti-euro we are
To give him the benefit of the doubt, he did have a technical reason for his call, but as I have learnt the hard way (and still learning), TA means shi*t when FA comes into play in Forex.

Don't fight the trend.
I observe your reality but live my own.
  • #41,109
  • Jul 5, 2012 7:02am Jul 5, 2012 7:02am
Wtf is spike up? Ah, screw that, as long as I am making money.

2406 is the final low of the range in my charts. If we make it there, we may not see ,266 anymore. Never. So say goodbye.

T
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"I know one thing, that I know nothing." Sokrates
  • #41,110
  • Jul 5, 2012 7:03am Jul 5, 2012 7:03am
Quoting Dagoot
hahaha.... I prefer to be considered pro-reality.
Good one!
I observe your reality but live my own.
  • #41,111
  • Jul 5, 2012 7:05am Jul 5, 2012 7:05am
Quoting catwoman
i should have reverse. but i was asleep ...
that's why i hate to be stopped out in my sleep
bang bang, kill me now!D i deserve, i lost half of the range move down
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  • #41,112
  • Jul 5, 2012 7:07am Jul 5, 2012 7:07am
hello guys what ur opinion next on the trend moving down further?
  • #41,113
  • Jul 5, 2012 7:08am Jul 5, 2012 7:08am
Quoting Cgb
To give him the benefit of the doubt, he did have a technical reason for his call, but as I have learnt the hard way (and still learning), TA means shi*t when FA comes into play in Forex.

Don't fight the trend.
Hopefully 1.2440 will offer strong resistance since we blew right by it.
  • #41,114
  • Jul 5, 2012 7:09am Jul 5, 2012 7:09am
Did last hour closed below fridays low???
69
  • #41,115
  • Jul 5, 2012 7:10am Jul 5, 2012 7:10am
Quoting Daniel80
hello guys what ur opinion next on the trend moving down further?
Those are heavy forces which are moving market right now. I personally need like a week for a dust to settle so I can analyze where are we heading. Right now I would say 1,17, but thats more of a blind shoot. And my long term goal in fact. Y, blind shooter, thats my profession.

T
"I know one thing, that I know nothing." Sokrates
  • #41,116
  • Jul 5, 2012 7:10am Jul 5, 2012 7:10am
well generally in 5min we will ADP non farm
it will bring EU back to 1.2500 before moving back down
  • #41,117
  • Jul 5, 2012 7:10am Jul 5, 2012 7:10am
Quoting catwoman
bang bang, kill me now!D i deserve, i lost half of the range move down
You can still get in on the next pullback.

ADP Non-Farm in 5 minutes.
Jobless claims and ECB press conference in 20 minutes
Official NFP tomorrow

All should provide some volatility.

Now before we celebrate too much, if Draghi announces any LTRO type scheme or the re-incarnation of the SMP, that will be risk and Euro bullish, but it won't last. If so, there will be a great opportunity to get short again at a much better price.
Those who say it cannot be done should not interrupt those who are doing it
  • #41,118
  • Jul 5, 2012 7:12am Jul 5, 2012 7:12am
Merkel is now making statements to press to put icing on the cake hopefully..
  • #41,119
  • Jul 5, 2012 7:13am Jul 5, 2012 7:13am
For those looking at TDI, 15M, 1H and 4H are all below 32. Daily is still above it.

Possible retrace to 1.2481 (61.8% FIB if current drop), however, we have jobless claims in less than 5 minutes. A better than expected number will (or should) push the US$ up some more and push the Euro down.

Crude just moved below $88. These are all positive U/C.
I observe your reality but live my own.
  • #41,120
  • Jul 5, 2012 7:14am Jul 5, 2012 7:14am
Quoting PipTrapper
You can still get in on the next pullback.

ADP Non-Farm in 5 minutes.
Jobless claims and ECB press conference in 20 minutes
Official NFP tomorrow

All should provide some volatility.

Now before we celebrate too much, if Draghi announces any LTRO type scheme or the re-incarnation of the SMP, that will be risk and Euro bullish, but it won't last. If so, there will be a great opportunity to get short again at a much better price.

Just closed 2/3rds of E/U position for +100 pips. Not taking a chance on Draghi and ADP.
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