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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #43,181
  • Jul 17, 2012 10:19am Jul 17, 2012 10:19am
Update

I entered a short on the E/U at 1.2299 last night targeting the Channel bottom area of 1.2200-1.2219 area. I have just closed 70% of that position at 1.2219 after Bernankes speech and this stall point. He did reveal that more Bond purchases are on the table and that Operation Twist and QE were effective tools and his willingness to use them again.
This area has a very strong confluence technically and with fundamental USD weakeness in anticipation of more easing I apt to wait and see what price does before Making anymore moves

Remember we still need a close below 1.2200 to open up the 1.2000-1.2019 handle.
  • #43,182
  • Jul 17, 2012 10:22am Jul 17, 2012 10:22am
Quoting Cgb
When is that PT?
Wednesday 1st August. 2 days before the next NFP report. Therefore, there will not be any more easing because the employment numbers will not be out yet.

http://www.federalreserve.gov/moneta....htm#calendars
Those who say it cannot be done should not interrupt those who are doing it
  • #43,183
  • Jul 17, 2012 10:25am Jul 17, 2012 10:25am
Quoting Wulfgar
...Remember we still need a close below 1.2200 to open up the 1.2000-1.2019 handle.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,184
  • Jul 17, 2012 10:27am Jul 17, 2012 10:27am
Bernanke sees modest deflation risk

Bernanke:

■Inflation risk is relatively low
■It’s very important we see sustained improvement in the jobs market and avoid deflation, that’s what we’ll be watching.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,185
  • Jul 17, 2012 10:29am Jul 17, 2012 10:29am
what will pianalto bring?
  • #43,186
  • Jul 17, 2012 10:31am Jul 17, 2012 10:31am
Quoting PipTrapper
Wednesday 1st August. 2 days before the next NFP report. Therefore, there will not be any more easing because the employment numbers will not be out yet.

http://www.federalreserve.gov/moneta....htm#calendars
By the way... The ECB rate statement and Draghi press conference in the next day on Thursday 2nd August.

It will be a very interesting week

Wed: FOMC
Thu: ECB
Fri: NFP

Those who say it cannot be done should not interrupt those who are doing it
  • #43,187
  • Jul 17, 2012 10:33am Jul 17, 2012 10:33am
Quoting ProfitsOnly
what will pianalto bring?
Nothing... She is delivering a speech titled "The Skills Mismatch Problem - How Bad It Is and What Can We Do About It?"

Nothing to do with monetary policy. Don't even waste your time with it.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,188
  • Jul 17, 2012 10:34am Jul 17, 2012 10:34am
lol
  • #43,189
  • Jul 17, 2012 10:44am Jul 17, 2012 10:44am
Viva for $
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Always looking the GREAT, never left GOOD Point...
  • #43,190
  • Jul 17, 2012 10:46am Jul 17, 2012 10:46am
Quoting PipTrapper
PT we are both lookin at the same thing
Europes closed. shut down shop leaving a small amount still short.

Im off to spend the day at the beach

bbl with the review for the next 24 hours.

good morning/night/afternoon everyone

Good luck

Wulf
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  • #43,191
  • Jul 17, 2012 11:08am Jul 17, 2012 11:08am
Well that's it. A little disappointed in my performance as I left 30 pips on the table. Out this trade for +50.

TDI on hourly is turning up but not going to take any longs here. Going to sit back and grab lunch.
I observe your reality but live my own.
  • #43,192
  • Jul 17, 2012 11:25am Jul 17, 2012 11:25am
....
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Always looking the GREAT, never left GOOD Point...
  • #43,193
  • Jul 17, 2012 11:38am Jul 17, 2012 11:38am
All shorts closed at 1.2190. RTL held after spike, long 1.2233. SL now at BE+2

I would neeeevvveeer leave a long to run at present funnymentals, but will try to ride to a TP 1.2420 where I have a hammer limit set to bang it in the farqin' head!
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  • #43,194
  • Jul 17, 2012 11:44am Jul 17, 2012 11:44am
Quoting Gofer Pips
All shorts closed at 1.2190. RTL held after spike, long 1.2233. SL now at BE+2

I would neeeevvveeer leave a long to run at present funnymentals, but will try to ride to a TP 1.2420 where I have a hammer limit set to bang it in the farqin' head!
Please insert another 25 cents to extend your game...
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I observe your reality but live my own.
  • #43,195
  • Jul 17, 2012 11:52am Jul 17, 2012 11:52am
Quoting Gofer Pips
All shorts closed at 1.2190. RTL held after spike, long 1.2233. SL now at BE+2

I would neeeevvveeer leave a long to run at present funnymentals, but will try to ride to a TP 1.2420 where I have a hammer limit set to bang it in the farqin' head!
Consider taking partial profit now. correction is probably done. Might go to 1.2268 but will probably go down from here. (my opinion)

E/U M15
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Those who say it cannot be done should not interrupt those who are doing it
  • #43,196
  • Jul 17, 2012 11:54am Jul 17, 2012 11:54am
Quoting PipTrapper
Consider taking partial profit now. correction is probably done. Might go to 1.2268 but will probably go down from here. (my opinion)

E/U M15
Attachment
Ye of little faith! No risk on trade. Let the market take me out!
  • #43,197
  • Jul 17, 2012 11:54am Jul 17, 2012 11:54am
Quoting Cgb
Please insert another 25 cents to extend your game...


Don't worry. If he doesn't do it right, Mario will finish the job on 2nd August

http://www.themarriedgamers.net/wp/w...rio-hammer.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #43,198
  • Jul 17, 2012 11:56am Jul 17, 2012 11:56am
Quoting Gofer Pips
Ye of little faith! No risk on trade. Let the market take me out!
More like "of no faith"
Those who say it cannot be done should not interrupt those who are doing it
  • #43,199
  • Jul 17, 2012 11:59am Jul 17, 2012 11:59am
Quoting Cgb
Please insert another 25 cents to extend your game...


UP.....DOWN.....UP.......DOWN!


Inserted Video


  • #43,200
  • Jul 17, 2012 12:13pm Jul 17, 2012 12:13pm
Quoting Gofer Pips


UP.....DOWN.....UP.......DOWN!


http://www.youtube.com/watch?v=sZNpN...eature=related

Even on a rocky boat going scuba diving I don't feel this sea sick! LOL!
I observe your reality but live my own.
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