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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #45,461
  • Aug 2, 2012 6:45am Aug 2, 2012 6:45am
ECB rate cut all unchanged. On to news conference where El Draghi will do nothing.
  • #45,462
  • Aug 2, 2012 6:45am Aug 2, 2012 6:45am
10 Seconds

UNCHANGED
  • #45,463
  • Aug 2, 2012 6:45am Aug 2, 2012 6:45am
ECB all remained unchanged
Those who say it cannot be done should not interrupt those who are doing it
  • #45,464
  • Aug 2, 2012 6:46am Aug 2, 2012 6:46am
Quoting PipTrapper
ECB all remained unchanged
Now it's up to the press conference.

Link to live stream: http://www.ecb.int/press/tvservices/...120802.en.html
Those who say it cannot be done should not interrupt those who are doing it
  • #45,465
  • Aug 2, 2012 6:47am Aug 2, 2012 6:47am
WOW, all because he kept the rate as is...

Seems a lot of hopium about!!
Cheers!!
  • #45,466
  • Aug 2, 2012 6:49am Aug 2, 2012 6:49am
Quoting Islander
Hi GF - and yes, it can be somewhat frustrating when you post, expecting some reaction and nothing happens -I know, as my short term posts are often "ignored" ....BUT then every once in awhile you get a post out of the blue asking for further info and it restores your faith in posting......

BTW, did you get those indys etc?.....

Cheers

Islander
Yes, thanks! Got them, and sent you my e-mail for template. Did you get it in pm?
  • #45,467
  • Aug 2, 2012 6:50am Aug 2, 2012 6:50am
Quoting PipsMaster23
WOW, all because he kept the rate as is...

Seems a lot of hopium about!!
Definitely move to the upside is not warranted. Bull trap perhaps.
  • #45,468
  • Aug 2, 2012 6:50am Aug 2, 2012 6:50am
For most of the day, Wednesday’s price action proved to be as exciting as watching paint dry, unless you were watching one of the 148 stocks on the open that the NYSE is reviewing for “irregular trading.” This was more akin to watching Jackson Pollock create one of his splatter paintings.

Nearly 150 stocks were literally thrown into turmoil on Wednesday morning after a surge of volatile and unexpected trading immediately hit the tape once the markets opened. The talk was of a “rogue algorithm” that kept buying or selling millions of shares. The collective finger is being pointed at Knight Capital Group...Bad Trader!

Of course this event draws renewed attention to the fact that the markets have grown more fragmented and reliant on high-speed-trading firms like Knight. Who remembers the flash crash of May 6, 2010, when the entire market dropped nearly 10 percent in about a quarter of an hour? But once the rogue algorithm stopped rogueing, the midday monotony set in and was broken up only briefly after the FOMC announcement. The Fed didn’t commit to QE3, nor did they extend the Zero Interest Rate Policy (ZIRP) through 2015. Sounding suspiciously like a used-car ad, the FOMC promised “exceptionally low rates” at least through late 2014.

Still, the market basically shrugged off the Fed’s inactivity after a knee-jerk down move, then returned to wait-and-see mode as the real news comes today when the European Central Bank shows it hand.

If the ECB doesn’t follow through with substantial action after Mario Draghi promised to do “whatever it takes” to support the Euro (LTRO), look out down below. The markets have already priced in “Thirsty Thursday” and are expecting a giant liquidity cocktail!



Trade well and follow the trend, not the so-called “experts.”
  • #45,469
  • Aug 2, 2012 6:51am Aug 2, 2012 6:51am
Quoting FXSwissTrader
Definitely move to the upside is not warranted. Bull trap perhaps.
THANK YOU... i seriously feel like i'm going crazy sometimes.
Daily Target: 20 pips
  • #45,470
  • Aug 2, 2012 6:52am Aug 2, 2012 6:52am
Quoting FXSwissTrader
Definitely move to the upside is not warranted. Bull trap perhaps.
Obviously some in the market expected a rate cut... or perhaps an algo frenzy???

ADD: It's also possible that since we didn't get a rate cut, the market is thinking a big bazooka is coming in the press conference.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,471
  • Aug 2, 2012 6:57am Aug 2, 2012 6:57am
Covered at 77 on the fade of the spike

No big down move today At least not until the press conference.
Be hopeful in a winning position, and fearful in a losing position.
  • #45,472
  • Aug 2, 2012 6:58am Aug 2, 2012 6:58am
Its gonna be real messy soon i think, Draghi will most definitely need to get druggy or something!!!

See what happens ey...?
Cheers!!
  • #45,473
  • Aug 2, 2012 6:59am Aug 2, 2012 6:59am
Quoting PipTrapper
Obviously some in the market expected a rate cut... or perhaps an algo frenzy???

ADD: It's also possible that since we didn't get a rate cut, the market is thinking a big bazooka is coming in the press conference.
Euro is toast if El Draghi doesn't deliver. Credibility will be shot as well.
  • #45,474
  • Aug 2, 2012 7:00am Aug 2, 2012 7:00am
Quoting PipTrapper
Obviously some in the market expected a rate cut... or perhaps an algo frenzy???
Nothing new and just noise so far.

Trading inside chop zone in major charts.... We need Draghi for the real deal. US stock markets are in strong reversal formations, European are still holding the highs except the UK that very strangely is still holding the break up (no any valid TA or FA reason ...)...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #45,475
  • Aug 2, 2012 7:01am Aug 2, 2012 7:01am
Quoting PipTrapper
I'm responding to your post so you don't feel ignored
....just choked on my cheese and bikkies......tears to the eyes man....
Trading Levels with WRBs
  • #45,476
  • Aug 2, 2012 7:03am Aug 2, 2012 7:03am
Quoting FXSwissTrader
Euro is toast if El Draghi doesn't deliver. Credibility will be shot as well.
I don't know if the market cares about credibility. They just care about rumors. Allows a rationale for going long in a bear market (taking profit on shorts) and getting much higher prices for shorting.

I think he could do this 100 times in the future and the market would react the same everytime. The market front runs everything especially when it comes to a liquidity injection (I'm sure you know this, just commenting).
Be hopeful in a winning position, and fearful in a losing position.
  • #45,477
  • Aug 2, 2012 7:07am Aug 2, 2012 7:07am
Quoting PipTrapper
Based on your trading style, that's a good idea. Today I expect some more Euro short covering leading up to Super Mario.

Although I expect the USD to continue gaining this morning (and to some extent even after Draghi), the Euro will gain some value until he disappoints the markets.
Okay so I knew it was coming but wow. This is going to turn bull... bull trap that is. Anyway. I better keep my trap shut. This puppy could still go either way coz we haven't broken 1.2220 on a candle close basis yet.

http://3.bp.blogspot.com/_iyPmdcAyKY...LogoLtRim1.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #45,478
  • Aug 2, 2012 7:08am Aug 2, 2012 7:08am
where the hell are they taking this ???????????
  • #45,479
  • Aug 2, 2012 7:10am Aug 2, 2012 7:10am
Quoting sftyler
where the hell are they taking this ???????????
Up to the waiting offers at 1.2340/50 area
Those who say it cannot be done should not interrupt those who are doing it
  • #45,480
  • Aug 2, 2012 7:11am Aug 2, 2012 7:11am
Everyone is panicking. Lmao
Be hopeful in a winning position, and fearful in a losing position.
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