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EurAnalysis Kindergarten 24 replies

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  • #44,701
  • Jul 27, 2012 5:24am Jul 27, 2012 5:24am
Quoting PipTrapper
Senior German coalition MP: Draghi is not a saviour, but a plunderer of the nest eggs of citizens
Rofl
"I know one thing, that I know nothing." Sokrates
  • #44,702
  • Jul 27, 2012 5:25am Jul 27, 2012 5:25am
hi buddy,15 minute time frame,i have a 2 day and a 14 day plus a third one which my friend set up but i actually do not think its up to much lol.i will then start to play with 3-4-5 day and even sometimes 1 day, some hours can be scrappy but they are great for s[pikes. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,703
  • Jul 27, 2012 5:30am Jul 27, 2012 5:30am
Good morning folks,

Not much has changed since yesterday morning it seems. 11 hours with 22 pip spread. Never seen that before. Talk about a sideways consolidation!

It's going to be a short day for me as I'm leaving for a week of scuba diving and kiteboarding later today. So not sure if I'm going to keep my shorts opened or not. It will depend on how the next few hours turn out.

As Swiss pointed out, there's some news coming out of Germany refuting Draghi's comments and Merkel is apparently speaking over the phone with French president Hollande at noon GMT. There's also quite a bit of US data coming out this morning, so it should certainly be interesting.

Crude seems to be range bound right now between 89 and 90 dollars. Did several trades within that range for over 150 pips so far.

Cheers and have a great day!
I observe your reality but live my own.
  • #44,704
  • Jul 27, 2012 5:31am Jul 27, 2012 5:31am
Quoting PipTrapper
Since when has anyone listened to Lagarde? Nobody cares about her opinion unless it directly impacts the IMF's decision to fund (or not to fund) a bailout. Money talks, bulls**t walks.
That another chapter of the hopium story she want to sell. By doing so hoping might turn the table in a certain way ...
  • #44,705
  • Jul 27, 2012 5:31am Jul 27, 2012 5:31am
Quoting FXSwissTrader
She actually said that yesterday or the day before. Good post though.

my bad, i was away yesterday and noticed it today on bloomberg
  • #44,706
  • Jul 27, 2012 5:32am Jul 27, 2012 5:32am
Quoting Tom_D_Trader
Quote from my mentor, which I think should not be missed. What do you guys think?

T
I believe he hit the nail on the head. It is definitely a buy the rumour, sell the news event if we actually get a pop up north based on this news alone. They are definitely trying to short squeeze the market to rally. Once it rallies, there are no short selling in the equities market in Spain for the moment.
  • #44,707
  • Jul 27, 2012 5:34am Jul 27, 2012 5:34am
Quoting Cgb
Good morning folks,

Not much has changed since yesterday morning it seems. 11 hours with 22 pip spread. Never seen that before. Talk about a sideways consolidation!

It's going to be a short day for me as I'm leaving for a week of scuba diving and kiteboarding later today. So not sure if I'm going to keep my shorts opened or not. It will depend on how the next few hours turn out.

As Swiss pointed out, there's some news coming out of Germany refuting Draghi's comments and Merkel is apparently speaking over the phone with French president...
Morning Charlie. Where u going? You just got back from vacation. Must be nice to live in Canada.
  • #44,708
  • Jul 27, 2012 5:40am Jul 27, 2012 5:40am
Quoting PipTrapper
Senior German coalition MP: Draghi is not a saviour, but a plunderer of the nest eggs of citizens

Should put on the front page .....world electronic media & news
  • #44,709
  • Jul 27, 2012 5:42am Jul 27, 2012 5:42am
Quoting FXSwissTrader
Morning Charlie. Where u going? You just got back from vacation. Must be nice to live in Canada.
Huh? That was in May. It's now August, time for another vacation. I'm trying to live the European life, 8 weeks of vacation plus every saint's holiday and banking holidays.
I observe your reality but live my own.
  • #44,710
  • Jul 27, 2012 5:43am Jul 27, 2012 5:43am
Quoting Cgb
Huh? That was in May. It's now August, time for another vacation. I'm trying to live the European life, 8 weeks of vacation plus every saint's holiday and banking holidays.
Don't forget Octoberfest and carnival(Fasching).
  • #44,711
  • Jul 27, 2012 5:47am Jul 27, 2012 5:47am
Gold bugs are getting pretty excited here... Ascending triangle on the daily and several articles I've read all believe QE3 will be announced at the August's FOMC meeting. Gold at 1623.93 with a daily high of 1624.68 so far. Keep in mind the 1625.05 level. A daily close above that could shoot it upwards.
I observe your reality but live my own.
  • #44,712
  • Jul 27, 2012 5:49am Jul 27, 2012 5:49am
Quoting Cgb
Gold bugs are getting pretty excited here... Ascending triangle on the daily and several articles I've read all believe QE3 will be announced at the August's FOMC meeting. Gold at 1623.93 with a daily high of 1624.68 so far. Keep in mind the 1625.05 level. A daily close above that could shoot it upwards.
I was looking to short at 1625. Have a sell limit there. Maybe should move to 1640 area.
  • #44,713
  • Jul 27, 2012 5:52am Jul 27, 2012 5:52am
h1 looks bad
"I know one thing, that I know nothing." Sokrates
  • #44,714
  • Jul 27, 2012 5:55am Jul 27, 2012 5:55am
EU source says Greece will need 30-50billion more in loans and Greek haircuts within ESM needed.
  • #44,715
  • Jul 27, 2012 5:55am Jul 27, 2012 5:55am
Quoting FXSwissTrader
I was looking to short at 1625. Have a sell limit there. Maybe should move to 1640 area.
Just hit 1625. I believe there's still one more bounce due in the triangle, so it could be good for a short term trade (5 or 6 days).
I observe your reality but live my own.
  • #44,716
  • Jul 27, 2012 5:59am Jul 27, 2012 5:59am
Quoting FXSwissTrader
EU source says Greece will need 30-50billion more in loans and Greek haircuts within ESM needed.
Clear buy signal.... Fak that short squeeze, stop that, I had enough yesterday!
"I know one thing, that I know nothing." Sokrates
  • #44,717
  • Jul 27, 2012 6:00am Jul 27, 2012 6:00am
Quoting Cgb
Just hit 1625. I believe there's still one more bounce due in the triangle, so it could be good for a short term trade (5 or 6 days).
I cancelled and will wait to see what happens around 1640 area. If we break that, you're looking at 1790 area.
  • #44,718
  • Jul 27, 2012 6:04am Jul 27, 2012 6:04am
Quoting FXSwissTrader
I cancelled and will wait to see what happens around 1640 area. If we break that, you're looking at 1790 area.
They might be running it up before the US data.

I'm long crude 89.50
I observe your reality but live my own.
  • #44,719
  • Jul 27, 2012 6:06am Jul 27, 2012 6:06am
Quoting Cgb
They might be running it up before the US data.

I'm long crude 89.50
Looks like a bounce trade north on 4Hr Tdi with next resistance level @ 93.25 area on crude.
  • #44,720
  • Jul 27, 2012 6:08am Jul 27, 2012 6:08am
Let the hopium over first...... and will review the situation for another short opportunity.

Closed my two shorts with + 40 pips.
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