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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #51,561
  • Aug 31, 2012 7:40am Aug 31, 2012 7:40am
I see a monkey in H4.
  • #51,562
  • Aug 31, 2012 7:40am Aug 31, 2012 7:40am
Newswire: Initial sell off was due in part to Bernanke not delivering. After the pullback market participants took notice of September FED meeting within the context of the speech and saw that as a possible announcement at that meeting. Same old hopie changie bullsh#t moving the markets!
  • #51,563
  • Aug 31, 2012 7:47am Aug 31, 2012 7:47am
Quoting FXSwissTrader
Newswire: Initial sell off was due in part to Bernanke not delivering. After the pullback market participants took notice of September FED meeting within the context of the speech and saw that as a potential announcement at that meeting. Same old hopie changie bullsh#t moving the markets!
The speech / news deciphered: "I'm waiting for elections to end.... finger is still on the big red printfinity button waiting for xmas injection for Januarally"
  • #51,564
  • Aug 31, 2012 7:49am Aug 31, 2012 7:49am
Btw, dont you tell that this minimove is all he can do. Loosing power Ben? Cmon, chop some more .
"I know one thing, that I know nothing." Sokrates
  • #51,565
  • Edited 8:16am Aug 31, 2012 7:53am | Edited 8:16am
Quoting Cgb
Yes, I did get BE on the 95 trade. Had short earlier this morning before the first pop.

ADD: Now I am PISSED! WTF is this drop now?!?!?
Buddy. Please. I really politely suggest that you consider not buy/sell at or near the daily POC. It is like crap shoot, could go either way. I suggest buying/selling at high value areas and if price moves against you, your losses will be very minimal. Most of the time though, price goes in your favor and u then move position to break even and let it ride. If it comes back at least you haven't loss anything. Just a suggestion to a friend. I hate to see anyone under water.
  • #51,566
  • Aug 31, 2012 7:54am Aug 31, 2012 7:54am
Hey guys,

been a while, just got back from my holidays and thought id come and say hi to everyone.. Wow the euro really took a decent rally from last time i was here, it was at 1.2250/1.23

Still holding on to my shorts although all in deep red color... personally i think this is the end of the rally/ correction whatever you want to name it. I will not re-enter the market just yet, i haven't even unpacked my suitcase

But 1.2550 is the line for me from just a visual off my charts, a FS there would be a good level to short all the way to 1.18 - 1.16

So guys till Monday when i will be back posting again best of luck to all!!!
Cheers!!
  • #51,567
  • Aug 31, 2012 7:55am Aug 31, 2012 7:55am
Attached Image
  • #51,568
  • Aug 31, 2012 8:04am Aug 31, 2012 8:04am
Quoting FXSwissTrader
Newswire: Initial sell off was due in part to Bernanke not delivering. After the pullback market participants took notice of September FED meeting within the context of the speech and saw that as a possible announcement at that meeting. Same old hopie changie bullsh#t moving the markets!
Rofl, you´ve got to be kidding me. . Dont you have broken wires?

Edit: Btw, check Bloomberg homepage . Mr. Mayor shooting long.

T
"I know one thing, that I know nothing." Sokrates
  • #51,569
  • Aug 31, 2012 8:04am Aug 31, 2012 8:04am
Quoting rekon67
Attachment
Invalidated for the hour
  • #51,570
  • Aug 31, 2012 8:07am Aug 31, 2012 8:07am
Quoting Tom_D_Trader
Rofl, you´ve got to be kidding me. . Dont you have broken wires?

T
That's what was being reported. Not my words.
  • #51,571
  • Aug 31, 2012 8:08am Aug 31, 2012 8:08am
My 2 cents:
Gold is moving higher and so is oil.
Nothing new came out so the inverse H&S or cup & handle? in EU is still valid and
if Benny wants to see what Europe does then it could mean that Benny is willing to take on the risk of buying EU and other risk assets.

If Europe screws things up then Benny could QE3 and that would take a lot of the risk off the table. Of course Benny needs to keep his words but if he does then the Euro could actually seem "cheap".

what do you guys think?
  • #51,572
  • Aug 31, 2012 8:09am Aug 31, 2012 8:09am
Quoting rekon67
Invalidated for the hour
No direction till the H4 close
  • #51,573
  • Aug 31, 2012 8:12am Aug 31, 2012 8:12am
Quoting Tom_D_Trader
So, conclusion? I dont know . Do you? If some of you knows, please tell me. But imo now QE seems to be a little bit more likely than 20 minutes ago.
Quoting Tom_D_Trader
Edit: Btw, check Bloomberg homepage . Mr. Mayor shooting long.
FT and WSJ are in as well. More likely?

Edit: Btw, this is called media charge.

T
"I know one thing, that I know nothing." Sokrates
  • #51,574
  • Aug 31, 2012 8:13am Aug 31, 2012 8:13am
I know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745

Fundamentally the Jackson hole conference was a disappointment to pro-stimulus bulls. It all hinged on Bernankes comments saying additional stimulus would reduce confidence for a smooth exit.

suffice to say I am happy I sat on my hands all week long because all this jostling around in the range was unnerving.

Ultimately all is revealed in price. A close back inside the 1.2460/1.2588 on the day keeps us bearish in the long term. A substantial push above the 1.2588 and close sends us to overshoot territory and deeper into the weekly/monthly supply and a break of that 1.2745 sends us to a retest of the 1.3072.

Good luck guys. like i said watch your leverage because summer doldrums are ending and expect volatility to pick up in september.
  • #51,575
  • Aug 31, 2012 8:13am Aug 31, 2012 8:13am
Quoting rekon67
No direction till the H4 close
U can see the whipsaw better on 30 min TF.
  • #51,576
  • Aug 31, 2012 8:17am Aug 31, 2012 8:17am
Quoting Wulfgar
I know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745.
Sure thing mate, my SL is at ,2765.

T
"I know one thing, that I know nothing." Sokrates
  • #51,577
  • Aug 31, 2012 8:17am Aug 31, 2012 8:17am
Quoting Wulfgar
I know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745

Fundamentally the Jackson hole conference was a disappointment to pro-stimulus bulls. It all hinged on Bernankes comments saying additional stimulus would reduce confidence for a smooth exit.

suffice to say I am happy I sat on my hands all week long because all this jostling around in the range was unnerving.

Ultimately all is revealed...
Thx for the update Wulfgar. You didn't miss much this week. Very boring til today's crazy PA.
  • #51,578
  • Aug 31, 2012 8:18am Aug 31, 2012 8:18am
Well sometimes you just get a little lucky. Had price go into my zone and back out which triggered my trade. Then, as I often do, I took the dog to the dog park so I can't mess with my trade. Came back to see it had gone through the next zone and decided it was good enough for a Friday with news. Total luck with my exit at the near bottom although I had a trailing stop which would have got me some pips. Anyway, had a crazy busy week and didn't get to trade much or read this thread like I like to do but glad to end the week well. Hope all of you had many a pip this week! Enjoy your weekend!
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  • #51,579
  • Aug 31, 2012 8:19am Aug 31, 2012 8:19am
Quoting Wulfgar
I know not many on here follow the larger swing moves other than PT. But we are smack dead center in a major weekly supply zone from the 1.2588-1.2695 zone with potential overshoot range being the 1.2695/1.2745

Fundamentally the Jackson hole conference was a disappointment to pro-stimulus bulls. It all hinged on Bernankes comments saying additional stimulus would reduce confidence for a smooth exit.

suffice to say I am happy I sat on my hands all week long because all this jostling around in the range was unnerving.

Ultimately all is...

Which is why it will go down IMO but I will watch PA wave action to determine if I trade that.
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  • #51,580
  • Aug 31, 2012 8:19am Aug 31, 2012 8:19am
Quoting Tom_D_Trader
Sure thing mate, my SL is at ,2765.

T
Thats the place to have it my friend.... Im a longer term seller with only short term longs until that level is broken with momentum/FA backing

Seems the take home message from Bernanke was "I would like to see the S&P at all time highs without having to lift a finger."
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