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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #41,181
  • Jul 5, 2012 9:05am Jul 5, 2012 9:05am
Quoting PipTrapper
Ehem.. I think that's MR. Estonia buddy
That's why I recommend to squeeze the package to make sure there's no surprises before proceeding. Of course unless your Chinese. Chinese like surprises.
  • #41,182
  • Jul 5, 2012 9:07am Jul 5, 2012 9:07am
Quoting mka_78
But what if we get tomorrow good canadian data and bad us one?
still didn't enter any uc trades, waiting for tomorrow
Good US data = USD Bullish
Good CAD data = CAD Bullish

Good US and CAD data = U/CAD sideways
Good USD and bad CAD = U/CAD bullish

However, what's bad for USD is also bad for CAD (Except for QE3 which is a pipe dream). So even if we get bad US data and good CAD data, U/CAD will not be bearish. U/CAD will only be bearish if we get a major rally in commodities (oil & gold) while the USD is bearish. It's a bit complex but it makes sense to me
Those who say it cannot be done should not interrupt those who are doing it
  • #41,183
  • Jul 5, 2012 9:07am Jul 5, 2012 9:07am
Quoting FXSwissTrader
That's why I recommend to squeeze the package to make sure there's no surprises before proceeding. Of course unless your Chinese. Chinese like surprises.
you wish
How to Win at Sports Betting: DON'T DO IT!
  • #41,184
  • Jul 5, 2012 9:09am Jul 5, 2012 9:09am
Quoting PipTrapper
Good US data = USD Bullish
Good CAD data = CAD Bullish

Good US and CAD data = U/CAD sideways
Good USD and bad CAD = U/CAD bullish

However, what's bad for USD is also bad for CAD (Except for QE3 which is a pipe dream). So even if we get bad US data and good CAD data, U/CAD will not be bearish. U/CAD will only be bearish if we get a major rally in commodities (oil & gold) while the USD is bearish. It's a bit complex but it makes sense to me

U/CAD to the Moon! I'm on it like white on rice.
  • #41,185
  • Jul 5, 2012 9:11am Jul 5, 2012 9:11am
Quoting FXSwissTrader
That's why I recommend to squeeze the package to make sure there's no surprises before proceeding. Of course unless your Chinese. Chinese like surprises.
http://media1.break.com/dnet/media/2...-the-bulge.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #41,186
  • Jul 5, 2012 9:13am Jul 5, 2012 9:13am
Yup!
  • #41,187
  • Jul 5, 2012 9:13am Jul 5, 2012 9:13am
Quoting PipTrapper
http://media1.break.com/dnet/media/2...-the-bulge.jpg
Yikes!
I observe your reality but live my own.
  • #41,188
  • Jul 5, 2012 9:17am Jul 5, 2012 9:17am
Quoting Cgb
Yikes!
Hopefully you never run into that Asian girl....
  • #41,189
  • Jul 5, 2012 9:19am Jul 5, 2012 9:19am
Quoting PipTrapper
Good US data = USD Bullish
Good CAD data = CAD Bullish

Good US and CAD data = U/CAD sideways
Good USD and bad CAD = U/CAD bullish

However, what's bad for USD is also bad for CAD (Except for QE3 which is a pipe dream). So even if we get bad US data and good CAD data, U/CAD will not be bearish. U/CAD will only be bearish if we get a major rally in commodities (oil & gold) while the USD is bearish. It's a bit complex but it makes sense to me
Thanks
  • #41,190
  • Jul 5, 2012 9:20am Jul 5, 2012 9:20am
Quoting FXSwissTrader
Hopefully you never run into that Asian girl....
I'll take your advice and squeeze the package first from now on!
I observe your reality but live my own.
  • #41,191
  • Jul 5, 2012 9:21am Jul 5, 2012 9:21am
Another +100 pips on G/U. Thank you ma'am. May I have another? 250 pips today. Still have open U/CAD long.
  • #41,192
  • Jul 5, 2012 9:23am Jul 5, 2012 9:23am
Here are present open positions. USDCAD are underwater but are very low leverage trades
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  • #41,193
  • Jul 5, 2012 9:26am Jul 5, 2012 9:26am
Daily S3 to Daily R2 on U/C, quite the swing here. But only 50 pip move.
I observe your reality but live my own.
  • #41,194
  • Jul 5, 2012 9:28am Jul 5, 2012 9:28am
Two consecutive H1 candles closed below 2406, so I consider range clearly broken.

Next major support (monthly close + swing low close) at ,2346

T
Attached Image (click to enlarge)
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"I know one thing, that I know nothing." Sokrates
  • #41,195
  • Jul 5, 2012 9:29am Jul 5, 2012 9:29am
Quoting FXSwissTrader
Another +100 pips on G/U. Thank you ma'am. May I have another? 250 pips today. Still have open U/CAD long.
Sweet
I observe your reality but live my own.
  • #41,196
  • Jul 5, 2012 9:31am Jul 5, 2012 9:31am
Quoting FXSwissTrader
Another +100 pips on G/U. Thank you ma'am. May I have another? 250 pips today. Still have open U/CAD long.
Hi swiss Do you know the ECB cut the rate only and the stimulus?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #41,197
  • Jul 5, 2012 9:35am Jul 5, 2012 9:35am
Still in u/c took off stops. A little nervous with your convictions guys
  • #41,198
  • Edited 9:45am Jul 5, 2012 9:35am | Edited 9:45am
Quoting Luis Carlos
Hi swiss Do you know the ECB cut the rate only and the stimulus?
Luis,
ECB cut key interest rate 25 basis point to .75%, as well as overnight deposits 25 basis point to zero. No LTRO or other stimulus.
  • #41,199
  • Jul 5, 2012 9:40am Jul 5, 2012 9:40am
FYI- Watch kiwi usd 4hr chart for long term trade. Looks to be turning down after nearly hitting the 61.8% fib retrace. Wait for confirmation. Don't forget NFP tomorrow though.
  • #41,200
  • Jul 5, 2012 9:40am Jul 5, 2012 9:40am
Quoting FXSwissTrader
Luis,
ECB cut key interest rat 25 basis point to .75%, as well as overnight deposits 25 basis point to zero. No LTRO or other stimulus.
ty, no stimulus!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
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