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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #45,721
  • Aug 3, 2012 6:06am Aug 3, 2012 6:06am
Quoting Gofer Pips
Sell limit hit 1.0505 aud/usd

with

add-on Limit waiting at 1.0537.

This could be a bloody day!

I hope it's the bulls who suffer!
I have a sell limit near the 78.6% fib line, since it's near the daily high range.
  • #45,722
  • Aug 3, 2012 6:09am Aug 3, 2012 6:09am
slipped another limit in at 1.2300 .....very small for sh*ts and giggles.

That damn .2287 line!
  • #45,723
  • Aug 3, 2012 6:14am Aug 3, 2012 6:14am
Quoting FXSwissTrader
I have a sell limit near the 78.6% fib line, since it's near the daily high range.
You Europeans are just much smarter than us yanks!

Way to go if she gets there!

I picked 1.0537 as area that was near the top yesterday without the freakin' spike!:nerd:
  • #45,724
  • Aug 3, 2012 6:18am Aug 3, 2012 6:18am
From http://www.dailyfx.com/real_time_news

$GBPUSD tests 1.5600 resistance, as rumors circulate of an ECB conference and a possible formal request from Spain for EFSF aid.
3 Aug 13:07:54
  • #45,725
  • Aug 3, 2012 6:20am Aug 3, 2012 6:20am
Quoting Chika Kure
From http://www.dailyfx.com/real_time_news

$GBPUSD tests 1.5600 resistance, as rumors circulate of an ECB conference and a possible formal request from Spain for EFSF aid.
3 Aug 13:07:54
How would this rumor indirectly effect GBP?

Thanks in advance!
  • #45,726
  • Aug 3, 2012 6:22am Aug 3, 2012 6:22am
Quoting Chika Kure
From http://www.dailyfx.com/real_time_news

$GBPUSD tests 1.5600 resistance, as rumors circulate of an ECB conference and a possible formal request from Spain for EFSF aid.
3 Aug 13:07:54
It just doesn't make sense to me why a Spanish request for aid would be EURO or risk positive. What kind of economic sense does that make?
  • #45,727
  • Aug 3, 2012 6:24am Aug 3, 2012 6:24am
Quoting Gofer Pips
You Europeans are just much smarter than us yanks!

Way to go if she gets there!

I picked 1.0537 as area that was near the top yesterday without the freakin' spike!:nerd:
I can't find any disagreements with this statement.
  • #45,728
  • Aug 3, 2012 6:31am Aug 3, 2012 6:31am
Quoting PipTrapper
Rocky Mountain Oysters for breakfast. Mmmmm.
wwwuuuueeehhhh...
Don't know what is worse... the balls or this deadly fat and oil they are in

ps.
No Non-Farm Payroll competition this month?
-
Read Charts - Not Papers
  • #45,729
  • Aug 3, 2012 6:32am Aug 3, 2012 6:32am
After end of the [b] wave at 1.2134 EUR/USD started its [c] wave. On 15 mins chart i looking for minor 5 wave this weekend. Minor 3rd wave could finish at 261.8% of minor wave 1 &2 in green. http://lnkd.in/TVXxtg
http://4.bp.blogspot.com/-m3s-nIXBCq...D_03_08_U1.png
  • #45,730
  • Aug 3, 2012 6:38am Aug 3, 2012 6:38am
Quoting FXSwissTrader
It just doesn't make sense to me why a Spanish request for aid would be EURO or risk positive. What kind of economic sense does that make?
Exactly. That is a BAD news, IMO.
  • #45,731
  • Aug 3, 2012 6:38am Aug 3, 2012 6:38am
Quoting halkins
wwwuuuueeehhhh...
Don't know what is worse... the balls or this deadly fat and oil they are in

ps.
No Non-Farm Payroll competition this month?
-
We vote for you to be guinea pig!
  • #45,732
  • Aug 3, 2012 6:44am Aug 3, 2012 6:44am
Rajoy says at this point it's very difficult for Spain to refinance it's debt.

EU has not received any request for EFSF bond buying.
  • #45,733
  • Aug 3, 2012 6:44am Aug 3, 2012 6:44am
Daily Forex BriefLondon: Friday 3rd August 2012The price of disappointmentThere was a weight of expectation upon the shoulders of the ECB chief yesterday and he disappointed, being long of promises of what may happen in the future, but short of the concrete action that markets had been expecting. Spanish stocks were down by more than 5% on the lack of action and bond yields moved back above the 7% level on the 10yr. It appears that markets have lost faith in the ECB's ability to step up to the plate, even though they probably over-stepped the mark by thinking this was going to happen anytime soon. This perception has been enhanced by Draghi's admission that there was one member who had reservations with the statement yesterday (the German central bank chief). In sum, Draghi has probably shortened the time-frame in which Spain will formally ask for a bailout because his comments from yesterday implied that the help would flow only then, and not before.
http://webr.emv2.com/fxpro/fxpro-newDB.gifhttp://webr.emv2.com/fxpro/daily-briefDB.gifhttp://www.fxpro.com/sites/default/f...rf%2024h_0.png

Well the ECB did nothing to stimulate Europe's sovereign economies just like the Fed did nothing Wednesday, as if some coordinated plan is in place to announce a concerted set of programs at a later date. The stock market was disappointed and stocks fell hard before recovering half their losses by the close. Friday we get the U.S. Jobs report for July.


As for the technical picture, the VIX fell by quite a bit, 1.39 Thursday, which is very odd given the sharp selling. Options writers are not expecting a sharp decline soon. The Purchasing Power Indicator remains on a buy signal, while the Secondary Trend Indicator remains on a sell, at odds with one another. On Thursday, both the Industrials 14 Day Stochastic and the NDX 14 Day Stochastic moved to sell signals, so our key short-term trend-finder indicators are now on a sideways signal. The Blue Chip Demand Power / Supply Pressure Indicator moved to a sideways signal Thursday. Bottom line is markets are in a state of flux, and the short-term direction for stock prices is unclear tonight. We almost got another Hindenburg Omen observation Thursday, New Lows coming in at 2.03 percent of NYSE issues traded, needing to be above 2.20 percent, 5 issues short. The Hindenburg Omen remains on the clock through November of this year. The market is in a condition that is at risk of a plunge. Whether that happens soon or later in the year is not clear at this time. Hopefully, after tomorrow's Jobs number, the short-term picture clears up.

Above From Email...

EUR/USD intraday: key ST resistance at 1.2225
http://www.tradingcentral.com/newsletter/spacer10.gif
Pivot: 1.2225.
Our Preference: SHORT positions below 1.2225 with 1.2135 & 1.2115 in sight.
Alternative scenario: The upside penetration of 1.2225 will call for a rebound towards 1.229 & 1.233.
Comment: the break below 1.2225 is a negative signal that has opened a path to 1.2130
  • #45,734
  • Aug 3, 2012 6:45am Aug 3, 2012 6:45am
EUR/USD intraday: key ST resistance at 1.2225
http://www.tradingcentral.com/newsletter/spacer10.gif
Pivot: 1.2225.
Our Preference: SHORT positions below 1.2225 with 1.2135 & 1.2115 in sight.
Alternative scenario: The upside penetration of 1.2225 will call for a rebound towards 1.229 & 1.233.
Comment: the break below 1.2225 is a negative signal that has opened a path to 1.2135.

http://www.tradingcentral.com/newsletter/spacer20.gif

http://www.tradingcentral.com/chart/...0128365813.GIF

Opinion published is an intraday view. Green Lines Represent Resistance | Red Represent Support Levels | Light Blue is a Pivot Point | Black represents the price when the report was produced

  • #45,735
  • Aug 3, 2012 6:46am Aug 3, 2012 6:46am
Okay folks, as promised this morning, here is the NFP contest.

All entries have to be submitted by or before 12:25GMT (13:25 London / 8:25 NY) which is 5 mins before release.

To make it easier for me to copy and paste your entry onto a list in my notepad, please format your entry with your handle, followed by your guess

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DaBestTradaEva 100K

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Those who say it cannot be done should not interrupt those who are doing it
  • #45,736
  • Aug 3, 2012 6:48am Aug 3, 2012 6:48am
Gofer Pips 123K
  • #45,737
  • Aug 3, 2012 6:48am Aug 3, 2012 6:48am
Quoting PipTrapper
Okay folks, as promised this morning, here is the NFP contest.

All entries have to be submitted by or before 12:25GMT (13:25 London / 8:25 NY) which is 5 mins before release.

To make it easier for me to copy and paste your entry onto a list in my notepad, please format your entry with your handle, followed by your guess

Example:

DaBestTradaEva 100K

Thanks
balanced2012 117 k
“Don't cry because it's over, smile because it happened.”
  • #45,738
  • Aug 3, 2012 6:50am Aug 3, 2012 6:50am
Quoting PipTrapper
Okay folks, as promised this morning, here is the NFP contest.

All entries have to be submitted by or before 12:25GMT (13:25 London / 8:25 NY) which is 5 mins before release.

To make it easier for me to copy and paste your entry onto a list in my notepad, please format your entry with your handle, followed by your guess

Example:

DaBestTradaEva 100K

Thanks
PipTrapper 97K
Those who say it cannot be done should not interrupt those who are doing it
  • #45,739
  • Aug 3, 2012 6:51am Aug 3, 2012 6:51am
All entries have to be submitted by or before 12:25GMT (13:25 London / 8:25 NY) which is 5 mins before release.

To make it easier for me to copy and paste your entry onto a list in my notepad, please format your entry with your handle, followed by your guess

Example:

DaBestTradaEva 100K

Thanks

Official List

PipTrapper 97K
balanced2012 117 k
Gofer Pips 123K
Those who say it cannot be done should not interrupt those who are doing it
  • #45,740
  • Aug 3, 2012 6:53am Aug 3, 2012 6:53am
mka_78 93k
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