EurAnalysis | Page 2221 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #44,401
  • Jul 26, 2012 4:51am Jul 26, 2012 4:51am
Quoting PipTrapper
http://3.bp.blogspot.com/-6d6SaI9uX8...320/future.jpg
Lol mate. You are great analyst indeed . But as Swede said, bear as well. He is always with me. My poor friends. I will be going on their nerves pretty soon. I never stop talking about economy and they dont know the shit about it, so I am only filling their heads. I would better buy a bottle of whiskey and stay with you nerds here .

T
"I know one thing, that I know nothing." Sokrates
  • #44,402
  • Jul 26, 2012 4:52am Jul 26, 2012 4:52am
The Daily Forex Brief is written by FxPro's team in the City of London. Visit fxpro.co.uk for more news, FX commentaries, FxPro TV, real-time feeds, calculators and tools.Daily Forex BriefLondon: Thursday 26th July 2012Some hope in EuropeWhen it comes to financial markets, the ECB is the only true eurozone institution with any real power, which is why it has carried such a burden of expectation through the sovereign crisis. The meltdown in peripheral markets seen early in the week was reversed through yesterday's session, helped by comments from ECB member Nowotny hinting of the possibility of giving the permanent bailout mechanism (the ESM) a banking license. This matters because it would allow the ESM to increase its firepower by borrowing funds from the ECB. It's a big 'if' though, not least because it would require another change in the treaty which established the vehicle and the current legislation is already having a tough time of it. Make no mistake, the ECB is going to find itself under increased pressure over the summer period because, even though rates may be near to zero, they are still seen as having the greatest power to elicit some confidence in markets.
http://webr.emv2.com/fxpro/fxpro-newDB.gifhttp://webr.emv2.com/fxpro/daily-briefDB.gifhttp://webr.emv2.com/fxpro/marketnewsDB.gifhttp://www.fxpro.com/sites/default/f...rf%2024h_0.png
  • #44,403
  • Jul 26, 2012 4:52am Jul 26, 2012 4:52am
Quoting andys0506
I use Actionforex for my pivot levels. However they seem to differ to a lot of the figures that get quotes here. Just wondering who's wrong and who's right?
I am trading with Mt4, and using indicator in attachment.
Attached File(s)
File Type: mq4 BucPivot_V1.2_Day.mq4   8 KB | 200 downloads
  • #44,404
  • Jul 26, 2012 4:54am Jul 26, 2012 4:54am
Quoting FXSwissTrader
Hi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.
Of course we noticed... at least I did anyway. WTH??? Hope all is okay.
Good to see you back.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,405
  • Jul 26, 2012 4:56am Jul 26, 2012 4:56am
Stocks struggled to rally Wednesday, the Industrials staging the strongest effort, but closing off its Highs, the S&P 500 and NDX weighed down by Apple's performance after disappointing earnings and revenue. Stocks are in a corrective rally wave that could/should take them higher over the next week. The VIX generated a buy signal Wednesday, and history suggests stocks will be higher a week from now given this buy signal for stocks.


However, that is the short-run prognosis. Markets triggered another Hindenburg Omen observation Wednesday for the third day in a row. That is a warning that all is not right with this market, that conditions are supportive of a plunge.


Our key indicators remain on sell signals tonight. They could move to sideways if the corrective rally is strong enough, but Wednesday's rally was not strong enough. Advancers led decliners in both the S&P 500 and NDX Wednesday, in spite of lackluster price action for the indices.

Wednesday Market Newsletter

Best regards,

Robert McHugh, Ph.D.
  • #44,406
  • Jul 26, 2012 5:03am Jul 26, 2012 5:03am
Quoting billytt
i am away, my net is full of pips.Take care all and keep it simple. Good trading
http://redoubtreporter.files.wordpre...t-net-full.jpg

Have you ever been to sea Billy?
No Captain Hindgrinder, but I've been blown ashore a few times

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #44,407
  • Jul 26, 2012 5:04am Jul 26, 2012 5:04am
Chika Profile Pic ..Superlike ..
Attached Image
  • #44,408
  • Jul 26, 2012 5:06am Jul 26, 2012 5:06am
I can see we are still stuck in that minirange which was getting on my nerves yesterday. I will be helping my family today, so I will be only lurking here, watching from smartphone.

I hope we will break today and it will not end up like last week, when we had to wait to fridays boom to fill weekly range.

T
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 26 KB
"I know one thing, that I know nothing." Sokrates
  • #44,409
  • Jul 26, 2012 5:12am Jul 26, 2012 5:12am
Draghi comments are causing more hopiumized kneejerk reactions. Could we get another pop?

Draghi: Euro area much stronger than people acknowledge today

- Progress has been extraordinary in last six months (yep, definitely been on the happy sauce)

- Last summit was real success because leaders said only way out of crisis is more Europe

- We think euro is irreversible

- Within our mandate ECB ready to do whatever it takes to preserve the euro
Those who say it cannot be done should not interrupt those who are doing it
  • #44,410
  • Jul 26, 2012 5:17am Jul 26, 2012 5:17am
Quoting FXSwissTrader
Hi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.
We missed you a lot, I was wondering why did you disappear. Meanwhile your partner Cgb was also not very active so I wondered what happened to Duo suddenly.

anyhow Welcome back and many more green pips to you.

Euro is trading between EMA 220 -2125 and EMA 800 -2173 (15M), and I am watching it closely for a breakout
  • #44,411
  • Jul 26, 2012 5:21am Jul 26, 2012 5:21am
This is a nice one but my limit was not reached. I still hope Doc still hold his long. He must get 200 to 300 pips from it. So let have the news for the move.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #44,412
  • Jul 26, 2012 5:22am Jul 26, 2012 5:22am
Quoting PipTrapper
Good morning everyone,
(...) So, seeing as we currently have no immediate catalyst for more down and we have technical indicators mostly pointing north, it seems that I may have overzealously jumped the gun a bit with my short at 1.2140... at least it seems that way.
Good Morning Everybody
I agree. I have three potential levels for shorting. The one we are on right now seemed to be solid (1.21600), however I'd opt more for level "Short3" on my chart as the last bastion for bulls to give up, and the best place for shorting today.

Quoting PipTrapper
(...) However, for me, no matter what it seems like, I'm still very comfortable with my trades because as most of you should already know, I am a position trader and not a scalper or intraday player. To me that short at 1.2140 is insurance that if/when, the Euro makes another sudden move to the downside, I'm already covered. If it does make it up as high as 1.2210 or even 1.2300 area, that just gives me more chances to bring out my bigger hammer.
I am "playing" larger leverage so I need to more careful.
I can't afford price goes 200 pips against me, as it would blow up my account.
But I feel OK with it
Here's my chart for today...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 32 KB
Read Charts - Not Papers
  • #44,413
  • Jul 26, 2012 5:27am Jul 26, 2012 5:27am
More Draghi...


■“Sharing national sovereignty” on EU level to come
■Bank supervision to be established first
■Bank resolution to be established second
■ECB wants to break link between banks, national governments
■EU-wide deposit insurance fund to follow last
■Markets are acknowledging less strength in euro, progress than there is
■ECB wants to move within its mandate
■Not ECB’s job to act instead of governments
■Euro zone has power to defeat market speculation
■Change in euro-zone membership wouldn’t affect value of euro investments
■Euro zone wide supervisor will be estabilished fast and well designed
Those who say it cannot be done should not interrupt those who are doing it
  • #44,414
  • Jul 26, 2012 5:31am Jul 26, 2012 5:31am
Quoting FXSwissTrader
Hi guys. I had a personal family situation sprung up on me, and had to disappear to tend to. I won't have as much time to post regularly as I wish, but will try what I can. Hope everyone is doing well, and making green pips. I know you guys probably didn't even realize I was missing. Trade safe guys and kitty cat.
Hello FXSwissTrader , hope everything ok now. Good to see u again. I still remember yr comment.
  • #44,415
  • Jul 26, 2012 5:36am Jul 26, 2012 5:36am
Quoting PipTrapper
More Draghi...


■“Sharing national sovereignty” on EU level to come
■Bank supervision to be established first
■Bank resolution to be established second
■ECB wants to break link between banks, national governments
■EU-wide deposit insurance fund to follow last
■Markets are acknowledging less strength in euro, progress than there is
■ECB wants to move within its mandate
■Not ECB’s job to act instead of governments
■Euro zone has power to defeat market speculation
■Change in euro-zone...
It is the news that make the technical happen. The news supports technical often than not. We must get 200+ pips minimum from this bounce. There is no way Eu will go through weekly zone without bounce. NO WAY. So selling into the zone now is suicide.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #44,416
  • Jul 26, 2012 5:36am Jul 26, 2012 5:36am
I closed my long from 2156 at 2193.
  • #44,417
  • Jul 26, 2012 5:37am Jul 26, 2012 5:37am
Why the markets hang on Draghi's words is beyond me. Without the sovereign consensus, he is a castrated Central Banker.

The ECB does not have the power to implement any of what he is saying until such time as the ECB mandate is changed to reflect those powers. That is why his statement of doing what ever is necessary, is preceded with the words "Within our mandate".

So what is within the ECB's mandate?
More rate cuts?
More LTRO?
Yep, that's it. Rate cuts and LTROs. Beyond that the ECB has no power.

So, nothing has changed. The puppet masters of the EuroZone are still the sovereign leaders and they cannot get it together politically. So expecting the ECB to take the lead without having the power to do so is nothing short of pie in the sky.

So, now I wait for the hopium high to wear off, and out will come my hammer
Those who say it cannot be done should not interrupt those who are doing it
  • #44,418
  • Jul 26, 2012 5:37am Jul 26, 2012 5:37am
Closed one of the short on U/C for 110 pips the other one is still intact...
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 21 KB
Bulls Run. Bears Bite. We Profit.
  • #44,419
  • Jul 26, 2012 5:42am Jul 26, 2012 5:42am
Quoting PipTrapper
Why the markets hang on Draghi's words is beyond me. Without the sovereign consensus, he is a castrated Central Banker.

The ECB does not have the power to implement any of what he is saying until such time as the ECB mandate is changed to reflect those powers. That is why his statement of doing what ever is necessary, is preceded with the words "Within our mandate".

So what is within the ECB's mandate?
More rate cuts?
More LTRO?
Yep, that's it. Rate cuts and LTROs. Beyond that the ECB has no power.

So, nothing has changed. The puppet masters of the EuroZone are still the sovereign leaders and they cannot get it together politically. So expecting the ECB to take the lead without having the power to do so is nothing short of pie in the sky.

So, now I wait for the hopium high to wear off, and out will come my hammer
Recap of what Draghi said...

■Euro area much stronger than people acknowledge today
■Progress has been extraordinary in last six months
■Last summit was real success because leaders said only way out of crisis is more Europe
■We think euro is irreversible
■Within our mandate ECB ready to do whatever it takes to preserve the euro
■“Sharing national sovereignty” on EU level to come
■Bank supervision to be established first
■Bank resolution to be established second
■ECB wants to break link between banks, national governments
■EU-wide deposit insurance fund to follow last
■Markets are acknowledging less strength in euro, progress than there is
■ECB wants to move within its mandate
■Not ECB’s job to act instead of governments
■Euro zone has power to defeat market speculation
■Change in euro-zone membership wouldn’t affect value of euro investments
■Euro zone wide supervisor will be estabilished fast and well designed
■New supervisor will essentially regulate banks
■Exact scope of supervision still to be defined
Those who say it cannot be done should not interrupt those who are doing it
  • #44,420
  • Jul 26, 2012 5:43am Jul 26, 2012 5:43am
My SL (BE) was hit. I'm out now. GL to all.
17 traders viewing now