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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,201
  • Aug 10, 2012 8:28am Aug 10, 2012 8:28am
Quoting neuron
wouldn't mind being drafted into that army
So short with me . We will buy tze tank. And tze chick.
"I know one thing, that I know nothing." Sokrates
  • #47,202
  • Aug 10, 2012 8:33am Aug 10, 2012 8:33am
Watch trendline near 1.2215 area. If that breaks, we could see 1.2175/80. It would be an overshoot of daily ADR.
  • #47,203
  • Aug 10, 2012 8:33am Aug 10, 2012 8:33am
Quoting Tom_D_Trader
So short with me . We will buy tze tank. And tze chick.
im with ya buddy, looking to take next profit around 1.2208, then 1.215 (fibs drawn from june high)
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  • #47,204
  • Aug 10, 2012 8:36am Aug 10, 2012 8:36am
Cant remember the rule with partials. Was it, dont take partials untill you get to 1,2204, or take partials?
"I know one thing, that I know nothing." Sokrates
  • #47,205
  • Aug 10, 2012 8:36am Aug 10, 2012 8:36am
Quoting Ken A
50% FIB 1.2253 Draghi's rally
Well it lost its meaning while broken just now, but interestingly enough - my brokers printed low was 2255 and I had few different supports just a few pips below so I wondered - where price at these levels or wasnt. Or at 2255 was something I didnt noticed...
69
  • #47,206
  • Aug 10, 2012 8:36am Aug 10, 2012 8:36am
There's my daily S1 level, left a few pips on the table. Let's where where it goes from here.
I observe your reality but live my own.
  • #47,207
  • Aug 10, 2012 8:38am Aug 10, 2012 8:38am
As CMan said. Risk off.
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"I know one thing, that I know nothing." Sokrates
  • #47,208
  • Aug 10, 2012 8:42am Aug 10, 2012 8:42am
Keep an eye on gold... It's inching closer to the 1625.05 level. Today's high so far was 1620.78. Higher gold prices should help AUD and CAD but weaken USD.
I observe your reality but live my own.
  • #47,209
  • Aug 10, 2012 8:43am Aug 10, 2012 8:43am
I dont see myself going short right now, not until the pair retraces up to at least at 1.2278.
  • #47,210
  • Aug 10, 2012 8:44am Aug 10, 2012 8:44am
Gold is very important today. Mainly because of that RRR rumour. Got any news Swiss?

Edit: Yshikiel, you must have balls of steel to short low. Like Duke Nukem and Tom, for example . Anyway, welcome to Euranalsis.

T
"I know one thing, that I know nothing." Sokrates
  • #47,211
  • Aug 10, 2012 8:47am Aug 10, 2012 8:47am
Quoting ishykiel
I dont see myself going short right now, not until the pair retraces up to at least at 1.2278.

Just added shorts @ 1.22550. Don't think this pair is going anywhere today but down, unless some good news comes out and risk sentiment changes.
  • #47,212
  • Aug 10, 2012 8:48am Aug 10, 2012 8:48am
Pairs continue to oscillate in ranges for the summer months until labor day. be wary of major levels of support resistance

To whit a few of the pairs I am following and the tops and bottoms of thier channels and breakout ranges:

Eur/USD: 1.2200/1.2219 to 1.2400/1.2440
GBP/USD: 1.5579 to 1.5695
AUD/USD: 1.0439 to 1.0600/1.0612
EUR/AUD: 1.1600 to 1.1780
GBP/AUD: 1.4753 to 1.4850

I actually look at 22 pairs but these have had the focus of my attention as of late as they are compressing into tight channels which can be good for 30-70 moderately easy pips during these months.
  • #47,213
  • Aug 10, 2012 8:50am Aug 10, 2012 8:50am
Hi Tom,

Thanks for the welcome. I sometimes surprise myself too...haha.

At the moment, I feel that the euro bears have gone too far down also. I am a swing trader and I do scalp trades, so my shorts will be very short term actually.

Hope to learn from all here.

Ishykiel
  • #47,214
  • Aug 10, 2012 8:54am Aug 10, 2012 8:54am
Italian and Spain 10yr bond yields ready to eclipse the 6% and 7% respectively. Keep an eye.
  • #47,215
  • Aug 10, 2012 8:54am Aug 10, 2012 8:54am
Quoting Tom_D_Trader
My friend. You know I consider you wise and value you. You are right I should be nice to my parents. I will, once I own this FX thing. Unfortunately, we are in capitalism right now and I have to pay that rent. And arguing with parents aint helping. So I will just stay away for a while.

Anyway. "Tom" and "slow down" in one sentence? Mate you dont know me yet. But you will soon. And I tell you, these two words can not be combined.

T
i can see myself,and i know u will come out of this a stronger person and a better human being.just to make u feel better i had my arguments with my parents and sometime i still cant stand my dad
Allah has permitted trade and has forbidden interest [koran]
  • #47,216
  • Aug 10, 2012 8:56am Aug 10, 2012 8:56am
Mate, screw 7%. Spain was at 7,5% when Draghi intervened. Thats quite a long shot.

Btw, what about that RRR rumour?

T
"I know one thing, that I know nothing." Sokrates
  • #47,217
  • Aug 10, 2012 8:58am Aug 10, 2012 8:58am
FYI: Look for a potential short opportunity in G/U as it retraces to a confluence of the 220 and 800ema as well as bottom of a rising channel resistance. GL
  • #47,218
  • Aug 10, 2012 8:58am Aug 10, 2012 8:58am
Quoting Wulfgar
One day my friend. Stay humble, disciplined, practice emotional control, be relentless in fine tuning your system and it will happen.
here is my voucher for u God bless u many green pips,
and ur a humble trader, godspeed
Allah has permitted trade and has forbidden interest [koran]
  • #47,219
  • Aug 10, 2012 8:58am Aug 10, 2012 8:58am
Quoting Tom_D_Trader
Mate, screw 7%. Spain was at 7,5% when Draghi intervened. Thats quite a long shot.

Btw, what about that RRR rumour?

T
Nothing yet. Waiting for confirmation as soon as I get it.
  • #47,220
  • Aug 10, 2012 9:00am Aug 10, 2012 9:00am
Nice try bulls you nabs.

edit: Thx Swiss
"I know one thing, that I know nothing." Sokrates
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