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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #43,781
  • Jul 22, 2012 1:05pm Jul 22, 2012 1:05pm
Quoting Pip_Warrior
I was on Forexlive.com today and found this info under "Orders" but don't understand how to read it. Can anyone enlighten me? I know a few other traders who don't get it either so hopfully this will hep them as well. Thanks and good luck this week all!!

"EUR/USD: Offers 1.2280/00 (semi-official, Dutch names, ACB), (1.2300 also large opt expiry). More offers 1.2315/25, suggested buy stops above ahead of stronger offers up at 1.2340/50, buy stops above and through 1.2365. Bids 1.2200/10, sell stops below ahead of bids 1.2150/60 (1.2150 barrier)"...
bids are longs , offers are shorts.
  • #43,782
  • Jul 22, 2012 1:07pm Jul 22, 2012 1:07pm
Quoting Pip_Warrior
I was on Forexlive.com today and found this info under "Orders" but don't understand how to read it. Can anyone enlighten me? I know a few other traders who don't get it either so hopfully this will hep them as well. Thanks and good luck this week all!!

"EUR/USD: Offers 1.2280/00 (semi-official, Dutch names, ACB), (1.2300 also large opt expiry). More offers 1.2315/25, suggested buy stops above ahead of stronger offers up at 1.2340/50, buy stops above and through 1.2365. Bids 1.2200/10, sell stops below ahead of bids 1.2150/60 (1.2150 barrier)"...
Offers are "Sell Limit orders"
Bids are "Buy Limit orders"
Stops above the price are "Buys" or "Sell stop losses"
Stops below the price are "Sells" or "Buy stop losses"
Those who say it cannot be done should not interrupt those who are doing it
  • #43,783
  • Jul 22, 2012 1:27pm Jul 22, 2012 1:27pm
A fragile Euro that must go up!!

Up Up this week before the games.
  • #43,784
  • Jul 22, 2012 2:45pm Jul 22, 2012 2:45pm
Quoting gold2011
A fragile Euro that must go up!!

Up Up this week before the games.
How far up are you suggesting?
Perhaps 1.2220, but beyond that, in my opinion is not very likely.

By the way, Euro gaps down in early Interbank trade. 1.2110 low so far.

E/U H1
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #43,785
  • Jul 22, 2012 2:46pm Jul 22, 2012 2:46pm
Quoting Tedge UK
are they kites?
In a way yes, they are the kites that will lift euro up, but they usually are known as Gartley patterns.
Price comes first; fundamentals come second
  • #43,786
  • Jul 22, 2012 2:50pm Jul 22, 2012 2:50pm
We have a gap down 1.2115.

http://www.forexdirectory.net/quotesfx.html
  • #43,787
  • Jul 22, 2012 2:57pm Jul 22, 2012 2:57pm
Quoting Zyggy
In a way yes, they are the kites that will lift euro up, but they usually are known as Gartley patterns.
You mean like this one that was overpowered by the underlying fundamentals?

E/U H4 (Failed Bullish Butterfly, prev failed Bullish Gartley)
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 26 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #43,788
  • Jul 22, 2012 3:17pm Jul 22, 2012 3:17pm
Quoting PipTrapper
You mean like this one that was overpowered by the underlying fundamentals?

E/U H4 (Failed Bullish Butterfly, prev failed Bullish Gartley)
Attachment
No, I refer to daily and weekly TF meaning EU should go up within few days (less likely) and few weeks (most probably), What if US GDP is bad on friday?
Anyway I think eu will go to around 1.19, then ...
Price comes first; fundamentals come second
  • #43,789
  • Jul 22, 2012 3:22pm Jul 22, 2012 3:22pm
Quoting Zyggy
No, I refer to daily and weekly TF meaning EU should go up within few days (less likely) and few weeks (most probably), What if US GDP is bad on friday?
Anyway I think eu will go to around 1.19, then ...
Okay on that I agree that there is a significant probability, because by then, there will be a need for a large time frame correction.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,790
  • Jul 22, 2012 4:09pm Jul 22, 2012 4:09pm
What happens if country declares bankruptcy ? For example Greek. I remember that nothing happened when Iceland did it, that makes me wonder a little bit, how can it be or am I missing something?
  • #43,791
  • Jul 22, 2012 4:15pm Jul 22, 2012 4:15pm
Quoting builder
What happens if country declares bankruptcy ? For example Greek. I remember that nothing happened when Iceland did it, that makes me wonder a little bit, how can it be or am I missing something?

Greece is in the EURO that is what makes this thing so tricky

If greece was not in the euro they would have defaulted already i think

And i believe Iceland got bailedout by GB and the netherlands so that Iceland could repay the goverments but over a larger time span.
but i am not so sure how that all went because i wan't really interested in this world back then.

http://en.wikipedia.org/wiki/2008%E2...nancial_crisis
Here is something about Iceland
scanned and i think this will answer some questions
  • #43,792
  • Jul 22, 2012 4:18pm Jul 22, 2012 4:18pm
Quoting builder
What happens if country declares bankruptcy ? For example Greek. I remember that nothing happened when Iceland did it, that makes me wonder a little bit, how can it be or am I missing something?
A bankruptcy in Greece is pretty much already priced in. Most economists expect it to happen and I am also convinced it will.

Anyway, it's not Greece we should be worried about, but rather Spain and Italy.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,793
  • Jul 22, 2012 4:25pm Jul 22, 2012 4:25pm
Quoting PipTrapper
A bankruptcy in Greece is pretty much already priced in. Most economists expect it to happen and I am also convinced it will.

Anyway, it's not Greece we should be worried about, but rather Spain and Italy.
i agree. We will see spanish bond yields in the morning.If they calm down i will consider to buy some long positions from 1.21xx. To be realistic, i dont think it will go under 1.20.If history repeat itself we will see strong and quick bounce back from 1.20 or 1.19 so no panic if any long position taken.
just my opinion.
Its not an advice and sorry for grammar.
  • #43,794
  • Jul 22, 2012 4:33pm Jul 22, 2012 4:33pm
well its another good start to the week.A nice gap down. i didnt it trade it (e/u) but after this evenings open i did long g/u for a few pips before getting out.take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #43,795
  • Jul 22, 2012 4:33pm Jul 22, 2012 4:33pm
Quoting oundar
i agree. We will see spanish bond yields in the morning.If they calm down i will consider to buy some long positions from 1.21xx. To be realistic, i dont think it will go under 1.20.If history repeat itself we will see strong and quick bounce back from 1.20 or 1.19 so no panic if any long position taken.
just my opinion.
There are all the reasons to panic now......Euro is not the same it use to be year ago.........Just look at the historical patterns and chart of euro and compare them with now...... You wont even get the feel that its the same pair
There are no right and wrong decisions......Only timely decisions
  • #43,796
  • Jul 22, 2012 4:46pm Jul 22, 2012 4:46pm
Well I have lost 2% of poker equity. I was 4th and money was for 3rd place +. Thats what I suspected before I went there. But I also suspected gap down. What can I say? Only this:



Currently we are capped below 2121 - 2125 combo and darkness below awaits. I hope I will get a chance to reaload at 2203.

T
"I know one thing, that I know nothing." Sokrates
  • #43,797
  • Jul 22, 2012 4:46pm Jul 22, 2012 4:46pm
Quoting JollyJoker
There are all the reasons to panic now......Euro is not the same it use to be year ago.........Just look at the historical patterns and chart of euro and compare them with now...... You wont even get the feel that its the same pair


http://www.doctorramey.com/wp-conten...1/06/panic.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #43,798
  • Jul 22, 2012 4:48pm Jul 22, 2012 4:48pm
Quoting builder
What happens if country declares bankruptcy ? For example Greek.
Greeks already went bankrupt last year. What else is 70% cut on your liabilities? Thats bankrupt, thats what it is, no matter how they call it.

T
"I know one thing, that I know nothing." Sokrates
  • #43,799
  • Jul 22, 2012 4:53pm Jul 22, 2012 4:53pm
Quoting JollyJoker
There are all the reasons to panic now......Euro is not the same it use to be year ago.........Just look at the historical patterns and chart of euro and compare them with now...... You wont even get the feel that its the same pair
I was just looking it. The best is stay away but i will keep watching.
Its not an advice and sorry for grammar.
  • #43,800
  • Jul 22, 2012 4:56pm Jul 22, 2012 4:56pm
Quoting JollyJoker
There are all the reasons to panic now......Euro is not the same it use to be year ago.........Just look at the historical patterns and chart of euro and compare them with now...... You wont even get the feel that its the same pair
True...

Before
http://www.siliconrepublic.com/fs/im...euro-stack.jpg

After
http://2.bp.blogspot.com/-lUXNtg1K-b...1600/zeuro.jpg
Those who say it cannot be done should not interrupt those who are doing it
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