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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #46,041
  • Aug 5, 2012 1:59pm Aug 5, 2012 1:59pm
Quoting fxcode
Kinda feel Geppy here,but you must understand that everyone has a right to his opinions.so far CM's Copy/and paste is not bad cos some of us read this stuff maybe were too lazy searching.But CM pls try and keep it simple (hit the nail on its HELMET). sometimes i find it hard to find my own post.
You Hit The Nail On The Hard Head And It Hurts So Now With My Helmet On I Get It...

Feedback is always welcome. Thank you for your post.
  • #46,042
  • Aug 5, 2012 2:03pm Aug 5, 2012 2:03pm
Looks like it's going to have gap at opening.

http://www.forexdirectory.net/quotesfx.html

http://www.xe.com/?r=4


Hi CM,

Maybe with excerpts or bullet points?
  • #46,043
  • Aug 5, 2012 2:11pm Aug 5, 2012 2:11pm
Quoting profxtrader
I'm with you. And what's all the religious banter about?
I wouldn't know... he's on ignore
check out my blog: forexmademillionaire dot com
  • #46,044
  • Aug 5, 2012 2:13pm Aug 5, 2012 2:13pm
http://www.henryliuforex.com/7175/fo...ust-6-10-2012/

Snippet:

On Friday, the U.S. Nonfarm Payroll ended up being the catalyst for risk appetite as the surprise 163K of positive employment added demand for risk. For a detailed analysis on the NFP, please make sure to read my post. The NFP release not only diminished speculation for QE3, but also helped to drive USD weaker as traders dumped their safe-haven currencies (USD and JPY) and bought risk currencies (EUR, AUD, CAD, etc…) The week ended with major rallies, but I believe these rallies may not be sustainable, so use caution and take profit as we get ready to start a new week.

Elsewhere in the world, reports suggested economic situations were worsening starting with German unemployment rise for the fourth straight month, EMU unemployment rate at (record high) 11.2%, China’s official July manufacturing PMI came in at an 8-month low of 50.1 vs 50.5 expected, UK’s Manufacturing PMI at 45.4 versus the 48.4 expected, and U.S. ISM Manufacturing PMI at 49.8, or the first contraction since last 2009… Global manufacturing showed signs from slower growth to downright contraction, which added pressures for central banks to act.
In Japan, Finance Minister Azumi reiterated that Japan would take decisive steps if needed to deal with one-sided yen moves that clearly did not reflect fundamentals. The Bank of Japan meeting next week will feature two new board members who recently took a vocal stance in support of further policy accommodation. But according to my previous analysis, I believe Japan is probably all talks.

In conclusion, I believe that EUR should strengthen on the back of ECB’s comments, or at least the fear of the inadequacy of ESM and EFSF on handling larger member states should subside, and that would be a huge boost of confidence for the Euro… I would be looking to buy on dips, especially if we don’t get any more negative comments from EU. GBP should be under pressure, although the currency should follow EUR’s lead against USD, but I believe the tide has turned and EURGBP should be heading north back above the 0.85 level soon. JPY should remain weak as risk appetite is once again driving the market, and it is my opinion to SELL JPY on any rallies, or buy EURJPY, USDJPY, etc… CAD should remain resilient, although I believe it is not sustainable for USDCAD to remain below parity for long-term. The play is to BUY USDCAD, especially considering that QE3 is now less possible after the stellar NFP release on Friday. AUD and NZD are both overvalued, but I understand the market could be driven by emotion of risk appetite and these two currencies could remain strong in demand, I’ll just recommend to use caution and use tight take profit targets and even tighter stop loss orders when you buy on dips, as that’s the direction for now. CHF could consolidate recent losses against USD, and I believe with EUR’s likely recovery, USDCHF could drop to the 0.9100 level, thus a SELL on rally play. USD should remain under selling pressure for now, but its fundamentals have improved somewhat, which leads me to believe that USD should gain against some (CAD, JPY) while lose against others (EUR, CHF, AUD)…

We’ve got 5 releases that are tradable this week, and they are:

  1. Tue August 7, 2012 – 12:30am EST – AU RBA Rate Decision
  2. Tue August 7, 2012 – 10:00am EST – CA IVEY PMI
  3. Wed August 8, 2012 – 5:30am EST – UK Quarterly Inflation Report
  4. Wed August 8, 2012 – 9:30pm EST – AU Employment Change
  5. Fri August 10, 2012 – 8:30am EST – CA Employment Change

CurrencyMan:

I will explain how I use this information to make my own decisions. I read at least a dozen different opinions from different experienced parties whatever their agenda.

I also read the mainstream SPIN sites such as CNBC which is usually the Party Line.

I am definitely a Contrarian Trader.

Bottom Line that means I analyse and decide for myself what makes sense.

I find it useful and rewarding to take the time to be well informed. While I am trading I am also looking for news that might move the markets. With my Ava FX platform I have live voice feeds. Markets move on new news or rumors or the movement of the equity markets. They also move when someone needs to buy or sell Five Billion Euro's and buy Yen or Gold or whatever.

I will always remember during October 2008 when technically and fundamentaly EUR/USD should have gone up. There was NO NEWS out when it went down 100 PIPS or so. I found out later it was part of the Lehman liquidation and Five Billion of Euro's were soold for US Dollars.

  • #46,045
  • Aug 5, 2012 2:16pm Aug 5, 2012 2:16pm
7 killed, including suspect, in shooting at Sikh temple in Wis.


Police in Wisconsin say seven people are dead at a Sikh temple near Milwaukee, including the suspected gunman, the Associated Press reports.

Snippet:

Sikh rights groups have reported a rise in bias attacks since the Sept. 11, 2001, terrorist attacks. The Washington-based Sikh Coalition has reported more than 700 incidents in the U.S. since 9/11, which advocates blame on anti-Islamic sentiment. Sikhs don’t practice the same religion as Muslims, but their long beards and turbans often cause them to be mistaken for Muslims, advocates say.

Sikhism is a monotheistic faith that was founded in South Asia more than 500 years ago. It has roughly 27 million followers worldwide. Observant Sikhs do not cut their hair; male followers often cover their heads with turbans — which are considered sacred — and refrain from shaving their beards.

There are roughly 500,000 Sikhs in the U.S., according to estimates. The majority worldwide live in India.

P.S. In very BAD Taste and I apologize in advance. "No Kittens Were Killed", PipTrapper
CM wrote this not PipTrapper
It was about hopium, however Thank God you do not have to read this crap.
  • #46,046
  • Aug 5, 2012 2:18pm Aug 5, 2012 2:18pm
Quoting CurrencyMan
Every time you use 'hopium' in a post, God kills a kitten.

I was just wondering about your signature. Religion aside why does God kill a kitten ?
I was wondering the same thing.Thanks for asking. Keep doing what your doing CM. If someone doesn't want to read your post, then it's their choice. Some of us find them to be very useful and convenient.


Anyways, Can we all get back to analyzing and preparing for the week ahead? Everybody please stop bickering.
  • #46,047
  • Aug 5, 2012 2:26pm Aug 5, 2012 2:26pm
Quoting FXSwissTrader
I was wondering the same thing.Thanks for asking. Keep doing what your doing CM. If someone doesn't want to read your post, then it's their choice. Some of us find them to be very useful and convenient.


Anyways, Can we all get back to analyzing and preparing for the week ahead? Everybody please stop bickering.
Thanks for your comments and you deserve your 10TH Voucher. You are one of my favorite posters here. I learn from you so thanks.
  • #46,048
  • Aug 5, 2012 2:29pm Aug 5, 2012 2:29pm
http://www.dailyfx.com/forex/fundame...8.06.2012.html

Analyst and Christopher Vecchio, Currency Analyst
04 August 2012 03:50 GMT http://www.dailyfx.com/design/fxcm/img/common/blank.gif







http://www.dailyfx.com/design/fxcm/i...e/dfx-icon.png

http://www.dailyfx.com/design/fxcm/i...e/dfx-icon.png



http://media.dailyfx.com/illustratio..._Picture_5.png
  • #46,049
  • Aug 5, 2012 2:52pm Aug 5, 2012 2:52pm
Quoting CurrencyMan
7 killed, including suspect, in shooting at Sikh temple in Wis.


Police in Wisconsin say seven people are dead at a Sikh temple near Milwaukee, including the suspected gunman, the Associated Press reports.

Snippet:

Sikh rights groups have reported a rise in bias attacks since the Sept. 11, 2001,...
Here I have to draw the line... How does this article have anything to do with what this thread is all about... Euro Analysis and common discussion around this topic?

I skim the othder articles you cut and paste here because they sometimes bring information that's useful to the fundamentals of forex trading and more specifically to how it will affect the currency pair I primarily trade (E/U).

But this article brings absolutely no value this this thread at all.

Between that and your 5% Club posts, your now pushing the enveloppe for the iggy button.

In the 6 months that I have been active on this thread, not once have you posted a chart, not once have you given us your trade sentiments (being long or short) and not once have you posted any of your entries/exits. Just cut and paste articles and "Watch the money flow" which you apparently do without the aid of any charts.

... This concludes CGB's daily rant ...

Thank you.

Any questions?
I observe your reality but live my own.
  • #46,050
  • Aug 5, 2012 3:06pm Aug 5, 2012 3:06pm
Quoting Cgb

Snip-

Any questions?

One question, how was the vacation?
  • #46,051
  • Aug 5, 2012 3:15pm Aug 5, 2012 3:15pm
CGB

are back from vacation or another week to go?i thought you said aud. 12th
Wooooohooooo or Boooooohooooo
  • #46,052
  • Aug 5, 2012 3:19pm Aug 5, 2012 3:19pm
Pls House, even life i'snt straight,i think whatever CM is posting is helping someone, as you all can decipher from comments.Pls lets the rest of the house focus on why we LOVE coming to this thread EUR ANALYSIS.pls pls.Pick what you need and drop the rest.
For the last 2 days focus has really shifted from analysis to complaining.If you must know this thread has been the most visited for weeks cos it brings top notches like you all.pls lets not destroy TP'S great thread.
Life is beautiful the way you dress it.
  • #46,053
  • Aug 5, 2012 3:35pm Aug 5, 2012 3:35pm
This is so funny haha.
Once was a great thread.
Now it's just "we hammer it down" (and you did not) and discussions about CM who actually was here before as knoholygrail and got banned from FF. And of course his posts are useless. Just put on ignore and you are fine. Like his other username

Too funny. But fine for sunday evening hehe
  • #46,054
  • Aug 5, 2012 3:44pm Aug 5, 2012 3:44pm
Quoting iak_fx
This is so funny haha.
Once was a great thread.
Now it's just "we hammer it down" (and you did not) and discussions about CM who actually was here before as knoholygrail and got banned from FF. And of course his posts are useless. Just put on ignore and you are fine. Like his other username

Too funny. But fine for sunday evening hehe
I am new here and didn't know. I looked up 'KnowHolyGrail' was banned for multiple usernames the same person as CurrencyMan?

#post5510453
  • #46,055
  • Aug 5, 2012 3:44pm Aug 5, 2012 3:44pm
Quoting Cgb
Here I have to draw the line... How does this article have anything to do with what this thread is all about... Euro Analysis and common discussion around this topic?

I skim the othder articles you cut and paste here because they sometimes bring information that's useful to the fundamentals of forex trading and more specifically to how it will affect the currency pair I primarily trade (E/U).

But this article brings absolutely no value this this thread at all.

Between that and your 5% Club posts, your now pushing the enveloppe for the...
First of all with respect to PipTrapper I will be as kind and gentle as possible. In my opinion you have a hidden agenda as it relates to me. It is not the first time you have tried to make some issue out of none.

I am a fundamental trader and I use charts. I do not make charts so I post the ones that are good or reproduce them if need be.

I am a full time currency trader and I have nothing to prove to you or anyone else.

Just like PipTrapper I am not here to make trade calls. I make them every day in my trading.

If you had an open mind to learn things you might appreciate the EDGE is in the Money Flow Strategy that I use or anyone else cares to learn and understand.

For the record I have a bearish view on EUR/USD however that does not mean that I cannot change my opinion in 5 minutes from now if there is new information to analyse.

When I post links to good information it is my editing of it that I use to make the important points.

I do include my own thoughts many many times. I give my time and effort for those that appreciate my posts. With No Disrespect just put me on your ignore button.

NOW I WILL TELL YOU WHY THE POST ABOUT THE KILLINGS WERE RELEVANT...

I surely did not post it because I was happy with what happened.

There is a breakdown of law and order and it relates to prejudice in the USA. How do you think some in India will react to the killings ?

Nothing happens in a vacum in the world.

I do appologize for the P.S. coomments however it was my bad stab at humor since PipTrapper made a comment about killing cats and Geppy has me on IGNORE and someone posted about GOD killing kittens.

There are many times especially on Sunday's or other days we have pictures of hairy women. Less now that my friend FXMindset does not post here much. Yoo are clearly looking for a reason to rant.

If I ignore you then you give the wrong impression to others. You could always PM me however that then would not suit your purpose.

That is my position and you are entitled to yours.

This is not the first time you have found reasons to complain about something I do.

Please focus on your trading and less on mine or what I post.. I take the high road and avoid conflicts however every once in awhile I need to speak out.

Have a good day and try not to fall off your Hog by my distracting and upsetting you.

I do not do anything to upset. I just am myself for better or worse.

Take care and be well and give your wife and kids a hug.

CM
  • #46,056
  • Aug 5, 2012 3:46pm Aug 5, 2012 3:46pm
Quoting iak_fx
This is so funny haha.
Once was a great thread.
iak_fx can u imagine
Life is beautiful the way you dress it.
  • #46,057
  • Aug 5, 2012 3:48pm Aug 5, 2012 3:48pm

DEBT CRISIS THREATENS TO BREAK UP EUROPE

7:30PM BST 05 Aug 2012

Tensions within the eurozone has increased and threatening to rip Europe apart, Italian Prime Minister Mario Monti has warned. Resentment in Italy is growing against Germany, the European Union and even German chancellor Angela Merkel herself, he said, adding that “the pressures already bear the traits of a psychological break-up of Europe”.Mr Monti told German news magazine Der Spiegel that he was “concerned” about the deepening divisions and said governments “must work hard to contain it”.


The divisions within Europe were laid out in the weekend’s German press, where German regional finance minister, Markus Soeder, said that aid to Greece should be stopped. “When a country like Greece on a continuing basis cannot pay back debts, it must leave the eurozone,” he said. “Greece should quit by the end of the year.”

<Read Moore>

<http://www.telegraph.co.uk/finance/f...up-Europe.html>
  • #46,058
  • Aug 5, 2012 3:50pm Aug 5, 2012 3:50pm
Quoting Ken A
One question, how was the vacation?
Quoting gnomoneey
CGB are back from vacation or another week to go?i thought you said aud. 12th
Thought I would stay for another week initially but alas, it wasn't to be. One can only take so much of sun and fun!
I observe your reality but live my own.
  • #46,059
  • Edited 4:08pm Aug 5, 2012 3:54pm | Edited 4:08pm
Alright listen! Everybody take a chill pill or eat a snickers bar. We are going back on topic as the EurAnalysis thread. No more inuendos, finger pointing, bitching, speculating, gossip, rumours, ect............... It's really starting to get very annoying and trust me, you don't want a crazy Swiss on your hands. I insist on behalf of PT to have ALL NEWBIES to read page 1 and everyone else to have a snickers and let's move on.

Inserted Video
  • #46,060
  • Aug 5, 2012 3:56pm Aug 5, 2012 3:56pm
Quoting FXSwissTrader
Alright listen! Everybody take a chill pill or eat a snickers bar. We are going back on topic as the EurAnalysis thread. No more inuendos, finger pointing, bitching, speculating, gossip, rumours, ect............... It's really starting to get very annoying and trust me, you don't want a crazy Swiss on your hands. I suggest ALL NEWBIES to read page 1 and everyone else to have a snickers and let's move on.

http://www.youtube.com/watch?v=1pnjtxfIJDE
has anyone seen the daily candle formed on friday for all major pairs?
Wooooohooooo or Boooooohooooo
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