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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #45,861
  • Aug 3, 2012 9:54am Aug 3, 2012 9:54am
Quoting ProfitsOnly
no idea what the pics mean. a bat and two sides of a car
That's not a bat. It's a gremlin.

Inserted Video


and the car is a 1974 AMC Gremlin

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #45,862
  • Aug 3, 2012 9:55am Aug 3, 2012 9:55am
Quoting PipTrapper
Nice. I had a 1984 model once.
That was the year of mine.
  • #45,863
  • Aug 3, 2012 10:02am Aug 3, 2012 10:02am
Quoting FXSwissTrader
78.6% fib retrace from yesterday's move just above daily high range. It's also about 30 pips away from 78.6% fib retrace from Feb-June H/L and close to top of that trendline. It's an extremely overvalued pair IMO. No reason for it to be trading that high due to micro economics. Whatever that means.
I have a pending @ 1.0705 88.6%fib. I agree overvalued. Only reason to hold long is for swap.
  • #45,864
  • Aug 3, 2012 10:02am Aug 3, 2012 10:02am
Hey guys

just a quick drop in to say high.

Took a real shallacking on some of these extreme moves and hit my daylight shutdown loss limit

Time re-asses/ audit my system/ recapitalize/ go back to demo for an allocated time and then re-enter the markets.

Take care guys. I hope you all fared better than i did.
  • #45,865
  • Aug 3, 2012 10:06am Aug 3, 2012 10:06am
Aren't all fine, mature cheese stinky and mouldy?...

Quoting FXSwissTrader
Who told you that? As long as it's not the stinky molded kind.
  • #45,866
  • Aug 3, 2012 10:07am Aug 3, 2012 10:07am
Hey Wulfgar, you not eating humans anymore?
  • #45,867
  • Aug 3, 2012 10:08am Aug 3, 2012 10:08am
Quoting TraderChris
Aren't all fine, mature cheese stinky and mouldy?...
Some are holy

http://www.theworldwidewine.com/Wine..._what_wine.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #45,868
  • Aug 3, 2012 10:10am Aug 3, 2012 10:10am
Quoting Wulfgar
Hey guys

just a quick drop in to say high.

Took a real shallacking on some of these extreme moves and hit my daylight shutdown loss limit

Time re-asses/ audit my system/ recapitalize/ go back to demo for an allocated time and then re-enter the markets.

Take care guys. I hope you all fared better than i did.
Hey Wulf. Sorry to hear you didn't fare too well. That's the downside to volatility when you only work with numbers. All that's happened is that the range has grown much bigger. The same as it was in 2008. That tells you something.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,869
  • Aug 3, 2012 10:11am Aug 3, 2012 10:11am
Quoting Gofer Pips
I have a pending @ 1.0705 88.6%fib. I agree overvalued. Only reason to hold long is for swap.
E/U is bouncing around the top of downtrend channel on 1Hr. @ 1.2347/50.
  • #45,870
  • Aug 3, 2012 10:13am Aug 3, 2012 10:13am
Quoting FXSwissTrader
E/U is bouncing around the top of downtrend channel on 1Hr. @ 1.2347/50.
how far will it drop from people taking out their profit and friday trade off the table for weekend close?
Wooooohooooo or Boooooohooooo
  • #45,871
  • Aug 3, 2012 10:16am Aug 3, 2012 10:16am
Quoting Gofer Pips
I have a pending @ 1.0705 88.6%fib. I agree overvalued. Only reason to hold long is for swap.
I have limit above 1.0550 as well if it happens to move up there.

This Euro move is bullsh#t!
  • #45,872
  • Aug 3, 2012 10:18am Aug 3, 2012 10:18am
Quoting gnomoneey
how far will it drop from people taking out their profit and friday trade off the table for weekend close?
We'll see how far they squeeze the shorts. I'm waiting at 1.2400.
  • #45,873
  • Aug 3, 2012 10:20am Aug 3, 2012 10:20am
Quoting FXSwissTrader
We'll see how far they squeeze the shorts. I'm waiting at 1.2400.
as of today usd is bearish...
what's installed for eu next week and other pairs.
Wooooohooooo or Boooooohooooo
  • #45,874
  • Aug 3, 2012 10:23am Aug 3, 2012 10:23am
Quoting gnomoneey
how far will it drop from people taking out their profit and friday trade off the table for weekend close?
There are no profits to take. This is not a Euro buying spree. More so an equity/commodity/EZ bond short covering before the weekend. It appears to be a fear bid just in case they do something (intervention) over the weekend, the market does not want to get caught with shorts. Of course the equity, commodity and bond markets affect the currency markets.

As for direction in the short term, we will find out on Monday. However, mid-term is clearly still bearish for now... unless something fundamentally changes.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,875
  • Aug 3, 2012 10:25am Aug 3, 2012 10:25am
Hmmmm!

Let's see.

Economy in the sh*tter!

Banks undercapitalized!

Unemployment high!

Let's sell all our USD and buy equities!!!! Yay!!!

What a crock of Humus!
  • #45,876
  • Aug 3, 2012 10:26am Aug 3, 2012 10:26am
Quoting PipTrapper
There are no profits to take. This is not a Euro buying spree. More so an equity/commodity/EZ bond short covering before the weekend. It appears to be a fear bid just in case they do something (intervention) over the weekend, the market does not want to get caught with shorts. Of course the equity, commodity and bond markets affect the currency markets.

As for direction in the short term, we will find out on Monday. However, mid-term is clearly still bearish for now... unless something fundamentally changes.

pt

thanks as always with your analysis and opinion...
Wooooohooooo or Boooooohooooo
  • #45,877
  • Aug 3, 2012 10:29am Aug 3, 2012 10:29am
Quoting gnomoneey
as of today usd is bearish...
what's installed for eu next week and other pairs.
Bearish? No so fast. Not until the channel support is broken and confirmed.

DXY Daily
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #45,878
  • Aug 3, 2012 10:34am Aug 3, 2012 10:34am
Glad I stayed out of the meat grinder this morning.

Just took a small short @ 1.2364. SL 1.2460. Also Added a little to My U/CAD long position sub parity.

We'll see what Monday brings! Good luck guys, and easy on the leverage.
  • #45,879
  • Aug 3, 2012 10:36am Aug 3, 2012 10:36am
Quoting GrizzNasty
Glad I stayed out of the meat grinder this morning.

Just took a small short @ 1.2364. SL 1.2460. Also Added a little to My U/CAD long position sub parity.

We'll see what Monday brings! Good luck guys, and easy on the leverage.
That is key... always. If you over-leverage, you're forced to take unnecessary losses.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,880
  • Aug 3, 2012 10:41am Aug 3, 2012 10:41am
Quoting PipTrapper
Hey no need to kiss my butt. I already vouched you
there's a rumor going on that in the near future one of the terms in FF will be revised. Namely, members with 10+ vouches will be able to give double vouches to other members.

Why else would i be kissing that hairy little fcker ?
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