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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,861
  • Aug 15, 2012 1:50pm Aug 15, 2012 1:50pm
Quoting PipTrapper
The original params were
Entry short at 78.84
Stop Loss at 79.10
TP1 at 77.6 where I would take 75% off the table and set SL at BE or trail the trade from there (not decided)

However, I have since changed my outlook on the pair because it breached the bottom wedge support before heading up to trigger the sell limit.
This changed the pattern from a rising wedge to an equidistant rising channel (Probable bear flag). So SL has been removed for now until I see and analyse further PA. Profit targets remain the same.
Some of the sell orders triggered from 78.50 to 79.00 and 2 were stopped out with 15 pips trailing.
  • #47,862
  • Aug 15, 2012 2:01pm Aug 15, 2012 2:01pm
Quoting Gofer Pips
CGB,

I shorted oil @ 94.76 with 3 standard lots. Price now 94.19 +51 pips.

Unfortunately I am in US and NFA a$$holes do not allow this trade on real account.
Trade done on FXCM demo account.
Nice.

Here's what I think for the next 18 hours (until jobless claims tomorrow morning).

Crude drifts below $94 but does not go past $93.40. This will (IMHO) move E/U back up to 1.2315/20 thus completing the inverse H&S on E/U but also forming a H&S on crude. A divergence is forming and not sure what the catalyst will be to bring it back inline. Perhaps the jobless claims?

Anyways, trading day is pretty much over and I have a 3:30pm appointment. So enjoy the rest of the day and see you for the Asian open if you're still around.

Cheers!
I observe your reality but live my own.
  • #47,863
  • Edited 2:25pm Aug 15, 2012 2:14pm | Edited 2:25pm
Quoting Cgb
Nice.

Anyways, trading day is pretty much over and I have a 3:30pm appointment. So enjoy the rest of the day and see you for the Asian open if you're still around.

Cheers!
3:30 appointment hmmm? Must be senior citizen early bird discount.
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  • #47,864
  • Aug 15, 2012 2:19pm Aug 15, 2012 2:19pm
take care guys, i am off for a stroll then a beer
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,865
  • Aug 15, 2012 2:21pm Aug 15, 2012 2:21pm
Quoting FXSwissTrader
3:30 appointment hmmm? Must be senior citizen discount before 4pm.
early (eager?) bird special
  • #47,866
  • Aug 15, 2012 2:22pm Aug 15, 2012 2:22pm
Cheers, billy. Enjoy! Tomorrow a lot of pips need to be made

Quoting billytt
take care guys, i am off for a stroll then a beer
  • #47,867
  • Aug 15, 2012 2:23pm Aug 15, 2012 2:23pm
Quoting Gofer Pips
Unfortunately I am in US and NFA a$$holes do not allow this trade on real account.
Trade done on FXCM demo account.
i feel your pain, i try to gain oil exposure through U/CAD trading
  • #47,868
  • Edited 3:10pm Aug 15, 2012 2:54pm | Edited 3:10pm
Chinese companies pull out of U.S. stock markets

http://www.cbsnews.com/8301-505123_1...stock-markets/


US banks told to make plans for preventing collapse

http://www.business-standard.com/ind...llapse/482971/


Investors Prepare for Euro Collapse

http://www.spiegel.de/international/...-a-849747.html




You have the social security administration purchasing 175k rounds of Ammo.
You have the National Weather Service(N.O.A.A) purchasing 46k rounds of Ammo.
You have DHS purchasing 450 million rounds of high powered ammo.


WTH is going on? You guys think a planned global collapse is coming? Seems to me the U.S may be exporting the financial depression onto Europe as a way to prop up the dollar. Basically a currency war on the Euro. Any thoughts? We definitely live in interesting times, that's for sure.
  • #47,869
  • Aug 15, 2012 3:12pm Aug 15, 2012 3:12pm
Quoting FXSwissTrader
Chinese companies pull out of U.S. stock markets

http://www.cbsnews.com/8301-505123_1...stock-markets/


US banks told to make plans for preventing collapse

http://www.business-standard.com/ind...llapse/482971/


Investors Prepare for Euro Collapse

http://www.spiegel.de/international/...-a-849747.html




You have the...
Yes it's very alarming to say the least!

I got the following info on April 23rd...

1: 75,000 packages of Potassium Iodide to protect troops against radioactive fall-out.

2: 450 Million rounds of .40 caliber hollow point. Now this quite possibly the most disturbing piece of news I’ve read in a while, (although expected)… Why?

Well first of all, hollow points are only used in active duty, when maximum damage and death are the desired results. They are never used in training.

Third, the military primarily sticks to 5.56 rifle rounds, and 9MM, or .45 caliber pistol rounds. The only group that uses .40 cal, is American law enforcement.

And what’s most disturbing of all, is that hollow point rounds are outlawed by the Geneva Convention, so they can’t be used on a battlefield such as Iraq or Afghanistan.

Which means that logically, there’s only one place on the planet where these bullets are intended for use… In America, on Americans.

* I'm just trying to prepare myself and my family as best as possible before the $hit hits the fan...
  • #47,870
  • Aug 15, 2012 3:18pm Aug 15, 2012 3:18pm
Quoting 100PipsADay
Third, the military primarily sticks to 5.56 rifle rounds, and 9MM, or .45 caliber pistol rounds. The only group that uses .40 cal, is American law enforcement.

And what’s most disturbing of all, is that hollow point rounds are outlawed by the Geneva Convention, so they can’t be used on a battlefield such as Iraq or Afghanistan.

Which means that logically, there’s only one place on the planet where these bullets are intended for use… In America, on Americans.

[b]* I'm just trying to prepare myself and my family as best as possible before...
WTH is going on in U.S? Sh#t is scary. Glad you live in Hawaii and not the mainland. Get the family to Hawaii.
  • #47,871
  • Aug 15, 2012 3:21pm Aug 15, 2012 3:21pm
Pls can anyone tell me about SWAP.wanna hold a short position on EUR/USD for 3mnths and i use OANDA...
thank you all
Life is beautiful the way you dress it.
  • #47,872
  • Aug 15, 2012 3:22pm Aug 15, 2012 3:22pm
I agree we're experiencing interesting times but the link to the article regarding bullets is pretty heavy on the conspiracy theories
  • #47,873
  • Aug 15, 2012 3:29pm Aug 15, 2012 3:29pm
Quoting neuron
I agree we're experiencing interesting times but the link to the article regarding bullets is pretty heavy on the conspiracy theories
You have to agree that such things would be not be reported in mainstream media though. Most of those reports were carried by alternative media as well as front page on the drudgereport and RT. Crazy.
  • #47,874
  • Aug 15, 2012 3:52pm Aug 15, 2012 3:52pm
The only problem with Hawaii is that we are so reliant on imports. That is why I have a 3 month food supply already stocked up.

Neuron - You're right about it being on the "conspiracy theory" side of things, however, they have purchased the ammunition, that is a fact. The unknown is what they are for.

I am definitely not a conspiracy theorist but I do plan for the worst, just in case it should happen.

I don't feel the need to dwell on the negatives, that only keeps people down. I believe that there are always opportunities available regardless of the situation, but our "eyes" need to be trained to see them.
  • #47,875
  • Aug 15, 2012 3:52pm Aug 15, 2012 3:52pm
Quoting FXSwissTrader
3:30 appointment hmmm? Must be senior citizen early bird discount.
You're too funny Swiss! No, it was actually an early start to the "All you can eat" buffet and after 4 helpings, I had enough!
I observe your reality but live my own.
  • #47,876
  • Aug 15, 2012 3:57pm Aug 15, 2012 3:57pm
Quoting 100PipsADay
Yes it's very alarming to say the least!

...
And what’s most disturbing of all, is that hollow point rounds are outlawed by the Geneva Convention, so they can’t be used on a battlefield such as Iraq or Afghanistan.

Which means that logically, there’s only one place on the planet where these bullets are intended for use… In America, on Americans.
This I did not know and will validate it thru friends in law enforcement, but very scary. They seem to be preparing for Dec 21st, 2012 ...
I observe your reality but live my own.
  • #47,877
  • Aug 15, 2012 3:59pm Aug 15, 2012 3:59pm
Gary Shilling on the economy.
short intro add then 5 minute interview.

http://finance.yahoo.com/blogs/daily...123445059.html
  • #47,878
  • Aug 15, 2012 4:00pm Aug 15, 2012 4:00pm
Quoting Cgb
This I did not know and will validate it thru friends in law enforcement, but very scary. They seem to be preparing for Dec 21st, 2012 ...
That would be cool if you could validate it Cgb. I got the email from a pretty reliable source back in April, but a confirmation would be cool. Shoot me a PM if you don't mind later on down the road.
  • #47,879
  • Aug 15, 2012 4:01pm Aug 15, 2012 4:01pm
Any Asian friends here who can tell me that this means (the girls at the buffet didn't tell me ).

TIA.
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I observe your reality but live my own.
  • #47,880
  • Aug 15, 2012 4:05pm Aug 15, 2012 4:05pm
The bullets are the answer to any country that decides to invade America,
Thanks to the founding Fathers there will be a gun behind every tree in America.
Might even apply in Central Park. But then again Bloomberg is anti citizens being armed so scratch that.
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