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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #51,361
  • Aug 31, 2012 2:59am Aug 31, 2012 2:59am
Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #51,362
  • Aug 31, 2012 2:59am Aug 31, 2012 2:59am
Quoting Cgb
Euro-zone Jobless Hits Record 18 Million
.../...
Comment: And this folks is why the Euro is going up. Any questions?
I have one question. If I am maxed out on my credit cards and I have taken a 25% pay cut, can I apply for a bailout from the EFSF?
Those who say it cannot be done should not interrupt those who are doing it
  • #51,363
  • Aug 31, 2012 2:59am Aug 31, 2012 2:59am
Quoting Vtmn
wondering when should i tp
if your aren't sure, you can always close part of your position and reload when necessary.
  • #51,364
  • Aug 31, 2012 3:00am Aug 31, 2012 3:00am
Quoting FXSwissTrader
Good Morning guys.

Looks like price went back to yesterday's POC. In my experience with market profile, It's normally expected that PA returns to previous day POC and sometimes overshoot to previous high value area, before continuation of a trend. This is mostly true in a normal month but as we know things get a little crazy on the last day of the month so anything can happen.

I had anticipated the market being pumped up in early trading session before Bernanke disappoints and drops the hammer, thus controlling what would otherwise...
Hey Swiss, I'm reading up on POCs and virgins and would like to know what price you got triggered at. Thanks.
I observe your reality but live my own.
  • #51,365
  • Aug 31, 2012 3:00am Aug 31, 2012 3:00am
Quoting Martingale
I guess from the deepness of your knowledge you must be americans.

3. The real poor part of italy is the south. North alone would be one of the richest regions in Europe.

I guess if you guys would just step in North Italy you would be amazed. Just in Verona (the place where I am from) the level of cars driving around is incredible. Then you have the South, of course. and that's Africa.
Yep!
  • #51,366
  • Aug 31, 2012 3:01am Aug 31, 2012 3:01am
Quoting Tom_D_Trader
http://www.youtube.com/watch?v=9JhuOicPFZY
indeed mate, we are all like this.
  • #51,367
  • Aug 31, 2012 3:02am Aug 31, 2012 3:02am
Quoting Martingale
The concept of the italian with moustaches and a stripe shirts selling pizzas I think is what many italians restaurants are surviving off but I guess if you guys would just step in North Italy you would be amazed. Just in Verona (the place where I am from) the level of cars driving around is incredible. Then you have the South, of course. and that's Africa.
Thanks for the good laugh. Keep posting.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,368
  • Aug 31, 2012 3:03am Aug 31, 2012 3:03am
Quoting PipTrapper
I have one question. If I am maxed out on my credit cards and I have taken a 25% pay cut, can I apply for a bailout from the EFSF?
Of course you can, Super Mario will save the Euro at all cost!
I observe your reality but live my own.
  • #51,369
  • Aug 31, 2012 3:04am Aug 31, 2012 3:04am
Quoting PipTrapper
I have one question. If I am maxed out on my credit cards and I have taken a 25% pay cut, can I apply for a bailout from the EFSF?
Now you speak like a real Greek
Read Charts - Not Papers
  • #51,370
  • Aug 31, 2012 3:04am Aug 31, 2012 3:04am
Quoting FXSwissTrader
Good Morning guys.

Looks like price went back to yesterday's POC. In my experience with market profile, It's normally expected that PA returns to previous day POC and sometimes overshoot to previous high value area, before continuation of a trend. This is mostly true in a normal month but as we know things get a little crazy on the last day of the month so anything can happen.

I had anticipated the market being pumped up in early trading session before Bernanke disappoints and drops the hammer, thus controlling what would otherwise...
Eloquently stated Swiss ...
She's pumped the bulls with droids & will lift her skirt later only to say hello...so sorry 4 u....based on divergence that is currently forming when I get the confirmation I need around the 2540...I'll ride her down...again...
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Those that say do not know. Those that know do not say.
  • #51,371
  • Aug 31, 2012 3:04am Aug 31, 2012 3:04am
Quoting Tom_D_Trader
http://www.youtube.com/watch?v=9JhuOicPFZY
Those who say it cannot be done should not interrupt those who are doing it
  • #51,372
  • Aug 31, 2012 3:05am Aug 31, 2012 3:05am
Quoting Martingale
indeed mate, we are all like this.
Just joking. And I really thought you have siesta in Italy. And I know there is huge difference between north and south, but when I was in Italy (I was in south I admit) it didnt seem to me like people were actually working in there. More like fishing and quarreling at the beach. Sry for my prejudice, it has nothing to do with you, but just with my general sentiment.

T
"I know one thing, that I know nothing." Sokrates
  • #51,373
  • Aug 31, 2012 3:05am Aug 31, 2012 3:05am
Quoting Cgb
Hey Swiss, I'm reading up on POCs and virgins and would like to know what price you got triggered at. Thanks.
I placed my sell limit at 1.2580 as it was an overshoot and high value area from last few sessions, as well as a value high area on the day of the most recent high. I also mentioned in the past that PA in E/U is always attracted to the 80 and 20 level just like you have observe PA behaviour with crude.

I also have to use round numbers, or it will bug the hell out of me seeing those odd numbers in between on my open orders.
  • #51,374
  • Aug 31, 2012 3:06am Aug 31, 2012 3:06am
Quoting halkins
Now you speak like a real Greek
or a future Spaniard
Those who say it cannot be done should not interrupt those who are doing it
  • #51,375
  • Aug 31, 2012 3:07am Aug 31, 2012 3:07am
Quoting Martingale
I guess from the deepness of your knowledge you must be americans.
1. Italians don't do siesta, that's a Spanish thing.
2. Italians can work whenever in Europe since no passport is required (I am italian, just lived in beautiful Barcelona-Spain and now I work in a bank here in London).
3. The real poor part of italy is the south. North alone would be one of the richest regions in Europe.

The concept of the italian with moustaches and a stripe shirts selling pizzas I think is what many italians restaurants are surviving off but I guess if...
Relax brother....that was a joke. No offense intended. If I offended thee, I apologize.
Joke was how EURUSD popped on unemployment and CPI, and if you have to explain the joke it's not funny anymore.
  • #51,376
  • Aug 31, 2012 3:09am Aug 31, 2012 3:09am
Quoting FXSwissTrader
I placed my sell limit at 1.2580 as it was an overshoot and high value area from last few sessions, as well as a value high area on the day of the most recent high. I also mentioned in the past that PA in E/U is always attracted to the 80 and 20 level just like you have observe PA behaviour with crude.

I also have to use round numbers, or it will bug the hell out of me seeing those odd numbers in between on my open orders.
Thanks and please take your OCD pills!
I observe your reality but live my own.
  • #51,377
  • Aug 31, 2012 3:10am Aug 31, 2012 3:10am
Quoting Gofer Pips
Relax brother....that was a joke. No offense intended. If I offended thee, I apologize.
Joke was how EURUSD popped on unemployment and CPI, and if you have to explain the joke it's not funny anymore.
Yeahhh... what's it all about?
That was a funny good joke.
Read Charts - Not Papers
  • #51,378
  • Aug 31, 2012 3:12am Aug 31, 2012 3:12am
Quoting halkins
Now you speak like a real Greek
Indeed, we have many of these kind, of course not all of us! The question is that this category, among others destroyed Greece, but Euro is still f&*ng high!!
  • #51,379
  • Aug 31, 2012 3:13am Aug 31, 2012 3:13am
Quoting FXSwissTrader
I placed my sell limit at 1.2580 as it was an overshoot and high value area from last few sessions, as well as a value high area on the day of the most recent high. I also mentioned in the past that PA in E/U is always attracted to the 80 and 20 level just like you have observe PA behaviour with crude.

I also have to use round numbers, or it will bug the hell out of me seeing those odd numbers in between on my open orders.
With approximately 2 pip spread, 1.2580 would not have triggered on my broker as my high on chart was 1.2581 on the dot. So I always find something at least 3-5 pips away from intended target.

BTW- who you calling odd! 1.2572 is not odd it's even.

But if you got in @1.2580 on your broker.....better than my entry
  • #51,380
  • Aug 31, 2012 3:13am Aug 31, 2012 3:13am
CurrencyMan:

Outside of the box thinking might give us a better idea of what Bernake might say on Friday. All the issues are clear and on the table.


For myself I would ask what will Bernake's intent be ? What end does he want to achieve ? He will most likely have the most influence on his speech than anyone else. He knows what the markets want. He knows what the other FED members want. He knows what the politicians want.

The big question to think about is what does Bernake want ?

Since Bernake cannot make a final decision today since more important information will be coming out in the first 15 days of September he will lay out all of his options. He will be fairly honest in his evaluations.

We will see both sides of the coin. Those that want QE will see the bias on QE. Those that did not think QE would be announced today will say see I was right.

Which way will the bias of Bernake go ? Romney gave his acceptance speech last night so Bernake does not want to show favor in the open to either side. He will prefer a more stable market for a few days at least.

I think he will be very balanced and there will be no surprises.

Will the market see his speech as positive or negative or a Draghi moment ?

I do not think it will be a Draghi moment. The FED always can INTERVENE so I do not think we will have a big move either way with the EXCEPTION of the first hour after the announcement.

We also have end of month and Friday factor and end of Summer time effect with low liquidity.

I in principle would have no bias however be prepared for every possibility and keep in mind that assuming in advance is NOT a Good Trade Plan.

Keep your powder dry and look for a trading opportunity.

Know where strong support is and where strong resistance is.

Have a good day and a great labor day weekend.



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