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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #42,101
  • Edited 10:42am Jul 10, 2012 10:40am | Edited 10:42am
http://www.forexfactory.com/attachme...1&d=1341934813
  • #42,102
  • Jul 10, 2012 10:41am Jul 10, 2012 10:41am
Quoting FXe
http://www.forexfactory.com/attachme...1&d=1341934813
What kind of trend line is that?
  • #42,103
  • Jul 10, 2012 10:44am Jul 10, 2012 10:44am
Quoting FXSwissTrader
F that. I would be stopping by a local pawn shop and military supply store on my way to paying someone a visit. U don't fc#k with my $....

The guy already tried to off himself.....you'd be doing him a favor and saving him time lol. Now I understand why the mafia always goes after the families etc...Again, it sounds isolated, like it was just the CEO who was maintaining the illusion
  • #42,104
  • Jul 10, 2012 10:44am Jul 10, 2012 10:44am
Ok, the Brits are gone, let's see what the Yanks think about this price action...

I'm betting on the 5 to 7 move and 2 reversals (on the hourly chart).
I observe your reality but live my own.
  • #42,105
  • Jul 10, 2012 10:49am Jul 10, 2012 10:49am
Quoting Cgb
Ok, the Brits are gone, let's see what the Yanks think about this price action...

I'm betting on the 5 to 7 move and 2 reversals (on the hourly chart).
As Porky would say....................

Inserted Video
  • #42,106
  • Jul 10, 2012 10:52am Jul 10, 2012 10:52am
1.2255 ------Watch closely
There are no right and wrong decisions......Only timely decisions
  • #42,107
  • Jul 10, 2012 10:52am Jul 10, 2012 10:52am
Quoting FXSwissTrader
As Porky would say....................

http://www.youtube.com/watch?v=TXlvFpf56vU&hd=1
If anything, the move would be around 2PM EST, so time for some lunch.

On an off topic note, the house smells wonderful. Started a batch of chicken broth last night and now reducing 20 liters down to 10. No wonder I'm hungry!
I observe your reality but live my own.
  • #42,108
  • Jul 10, 2012 10:53am Jul 10, 2012 10:53am
Update


Quoting Wulfgar
triggered short at 1.5499

stops at 1.5560 looking for 1.5271 ultimately...
Trade is still a HOLD as this pair continues to channel



Quoting Wulfgar
Current Market Conditions Analysis and trade recos

EUR/USD – current 1.2312 – I am STILL short biased from yesterday at 1.2299

If i get stopped out then I will Let pair move past 1.2335/1.2340 area and reverse – placing a SELL STOP at 1.2329 looking to possibly scale out at 20-40 pips and alow the rest to ride down towards the 1.2219
Trade is still a HOLD. Thigh high of the session was 1.2333 so my alarms did not trigger and neither did my stop(which was at 1.2344, i.e 23 pips above the previous high of 1.2321) So I did NOT add another position at the 1.2329.





Quoting Wulfgar
GBP/USD – current 1.5523 I got stopped out on this pair yesterday but am seeking reentry at 1.5499 SHORT

If it doesnt trigger I will Let pair move past 1.5550/1.5560 area and reverse place a SELL STOP at 1.5534 and monitor it closely near the 1.5500 support
My broker alarm went off as price barely touched the 1.5550 area so I added a SELL STOP at 1.5534 which I am currently watching along with my trade at 1.5499. I would prefer to see a CLOSE of the NY session 11 pips or more below the 1.5500 to keep my downside bias in tact. My SL on that position will remain 15 pips above the HOD(i.e 1.5565)




The ecofin meeting ended up as a non-event with the only noteworthy news being that Spain has another 12 mo to achieve its debt reduction targets and 30bl Euros worth of liquidity injection. Bond yields still above 7%.

As a recap of the EU summit guys I just wanted to share and bulletpoint because it seems pertinent to maintain our views for any sort of directional bias trading(if u are that type of trader)


The EU summit agreement has four main points:
1. to create a bank supervision entity
2. to allow the EFSF bailout fund (or the successor ESM) to recapitalize banks directly instead of the playing the stupid game of lending to sovereigns so that they can lend to banks so that they can lend to sovereigns. The eurozone banking union is far from certain due to Finland’s very public objection and German’s constitutionality challenge,
3. to give up the “super-senior” status of bailout funds; otherwise the bailout recipients would never be able to return to the market for funding, and
4. to use bailout funds to buy sovereign bonds directly on the open market so as to lower the borrowing costs.


ECB cut benchmark interest rate to historical low of 0.75% and deposit rate to 0.00% last week, Euribor, the bank-to-bank lending rate, dropped to all time low on Monday, fixing at 0.531%.






Good luck everyone. ill be back during Asia/ early Euro session with the trade plan for tommorow.
  • #42,109
  • Jul 10, 2012 10:57am Jul 10, 2012 10:57am
Quoting Cgb
Nice going!
  • #42,110
  • Jul 10, 2012 10:59am Jul 10, 2012 10:59am
Quoting Cgb
If anything, the move would be around 2PM EST, so time for some lunch.

On an off topic note, the house smells wonderful. Started a batch of chicken broth last night and now reducing 20 liters down to 10. No wonder I'm hungry!
I see you have no need for ...........
Attached Image
  • #42,111
  • Jul 10, 2012 11:03am Jul 10, 2012 11:03am
Quoting FXSwissTrader
I see you have no need for ...........
Oh no, don't get me wrong... There are other needs that need to be filled, but I do the cooking in the house

ADD: When ever you post that picture, it makes me think of my ex-wife, looks very similar when she was younger. Here's a picture of us on a dive trip in 2005.
Attached Image
I observe your reality but live my own.
  • #42,112
  • Jul 10, 2012 11:10am Jul 10, 2012 11:10am
Quoting FXSwissTrader
Or maybe "Au pair hush money".
Hahaha I don't need to pay hush money. The Au Pair takes care of wifey too
Those who say it cannot be done should not interrupt those who are doing it
  • #42,113
  • Jul 10, 2012 11:16am Jul 10, 2012 11:16am
Quoting Cgb
Oh no, don't get me wrong... There are other needs that need to be filled, but I do the cooking in the house

ADD: When ever you post that picture, it makes me think of my ex-wife, looks very similar when she was younger. Here's a picture of us on a dive trip in 2005.
Oh, so that's the gold digger

http://harryallen.info/wp-content/up...old_digger.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #42,114
  • Jul 10, 2012 11:17am Jul 10, 2012 11:17am
Quoting PipTrapper
Oh, so that's the gold digger

http://harryallen.info/wp-content/up...old_digger.jpg
Hehe, yup. That's her alright
I observe your reality but live my own.
  • #42,115
  • Jul 10, 2012 11:20am Jul 10, 2012 11:20am
Quoting Cgb
Oh no, don't get me wrong... There are other needs that need to be filled, but I do the cooking in the house

ADD: When ever you post that picture, it makes me think of my ex-wife, looks very similar when she was younger. Here's a picture of us on a dive trip in 2005.
She's a hottie buddy. Gotta be careful with those Asians though. They love Gold if you know what I mean. Ask me how I know?
  • #42,116
  • Jul 10, 2012 11:20am Jul 10, 2012 11:20am
Quoting PipTrapper
Hahaha I don't need to pay hush money. The Au Pair takes care of wifey too
  • #42,117
  • Jul 10, 2012 11:21am Jul 10, 2012 11:21am
Quoting Cgb
Oh no, don't get me wrong... There are other needs that need to be filled, but I do the cooking in the house

ADD: When ever you post that picture, it makes me think of my ex-wife, looks very similar when she was younger. Here's a picture of us on a dive trip in 2005.
u look very handsome and gentle.ur wifey looks like my daughter.Cgb u looks so full of life then
Allah has permitted trade and has forbidden interest [koran]
  • #42,118
  • Jul 10, 2012 11:25am Jul 10, 2012 11:25am
Quoting drzakir123
u look very handsome and gentle.ur wifey looks like my daughter
You know internet rule #69 right, doc? Can't talk or compare others if you don't post pics. C'mon Dr Jekyll.
  • #42,119
  • Jul 10, 2012 11:28am Jul 10, 2012 11:28am
Quoting drzakir123
u look very handsome and gentle.ur wifey looks like my daughter.Cgb u looks so full of life then

Then? THEN!?!?! Hey, that was only 7 years ago! I've not aged that much since!
I observe your reality but live my own.
  • #42,120
  • Jul 10, 2012 11:28am Jul 10, 2012 11:28am
Quoting FXSwissTrader
You know internet rule #69 right, doc? Can't talk or compare others if you don't post pics. C'mon Dr Jekyll.
Im not sure if the pictures of my loads of ex's are Work safe. lol

could be why they are my ex's? Never looked at it like that before.
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