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EurAnalysis Kindergarten 24 replies

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  • #52,641
  • Sep 6, 2012 2:29am Sep 6, 2012 2:29am
Quoting FXSwissTrader
http://www.youtube.com/watch?v=ezw1C...&feature=g-u-u
  • #52,642
  • Sep 6, 2012 2:30am Sep 6, 2012 2:30am
Quoting kalastaja
I seems that Draghi will have second "press conference" later in the evening after ECB press conference. Any information about this ? Will probably mean that markets will stay cautious until late evening.
The one later today is not a press conference. It is a speech and would not include anything that was not stated in the official press conference.
Those who say it cannot be done should not interrupt those who are doing it
  • #52,643
  • Sep 6, 2012 2:32am Sep 6, 2012 2:32am
Quoting nathan25x
Goldman cuts China 2012 GDP growth estimate to 7.6% to 7.9%

the AUDUSD hasn't pulled back on that news...so if that china-centric pair is gonna ignore bad china news, what hope is their for the Euro today?

Looks like we are finally gearing up for the break of the 1.2625 despite any news one would think should cool it off.

I agree with you PT, the market right now seems only interested in US data...and most likely good or bad will use it as an excuse to rally.

If bad, then QE3 is likely...if good, then Europe has economic hope,...
Well I'm keeping my fingers crossed that the market has already priced in all the hopium and other than knee-jerk reactions to the upside, the ultimate sentiment will be bearish.
Those who say it cannot be done should not interrupt those who are doing it
  • #52,644
  • Sep 6, 2012 2:33am Sep 6, 2012 2:33am
Quoting PipTrapper
Well I'm keeping my fingers crossed that the market has already priced in all the hopium and other than knee-jerk reactions to the upside, the ultimate sentiment will be bearish.
I'm looking for a test of 1.244/5 once more. Break of that lets us back into 1.23 consolidations again.
A 1 pip gain is better than a 1 pip loss.
  • #52,645
  • Sep 6, 2012 2:35am Sep 6, 2012 2:35am
Quoting PipTrapper
Be careful when applying that kind of logic. You may be right but I don't think it is wise in this environment to make such assumptions.

In my view (and I'm not saying I am right), if the ECB cuts the rate to 0.5%, then that would give the market a signal that the ECB is doing something to boost the EZ economy... in which case it would be a bullish signal in the short term. Alternatively, a failure to cut rates, would be disappointing to the market.

Anyway, regardless of the above, I think the focus will be more on the US Dollar today as all...

i am thinking of short down move if they cut rate for 5-10 mins maximum after that we may rocket up for that will leave a pending but at 1.2560 with small sl if this desnt happen i will long it where ever it is
  • #52,646
  • Sep 6, 2012 2:38am Sep 6, 2012 2:38am
If the 1.2600 breaks it will probably trigger some orders and drop 20-40 pips... oftentimes price tends to get a jump on the early sentiment move before big fundie announcements...

Like i said though Im not trading till after the dust is settled....
  • #52,647
  • Sep 6, 2012 2:44am Sep 6, 2012 2:44am
Gold and crude is exploding to the upside!
  • #52,648
  • Sep 6, 2012 2:49am Sep 6, 2012 2:49am
Good Morning everyone
I don't sleep enough lately, need a double triple espresso (without cigs)
  • #52,649
  • Sep 6, 2012 2:53am Sep 6, 2012 2:53am
Quoting mka_78
Good Morning everyone
I don't sleep enough lately, need a double triple espresso (without cigs)
Morning neighbor.
  • #52,650
  • Sep 6, 2012 2:54am Sep 6, 2012 2:54am
Good morning.

Btw, song is actually about economics.

Good luck today,

T

Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #52,651
  • Edited 3:07am Sep 6, 2012 2:54am | Edited 3:07am
Quoting FXSwissTrader
Gold and crude is exploding to the upside!
Nobody believed me when I said metals would rally hard and EUR wouldn't move much up at all on the next dollar bear move. This time is different than what we have seen in the past. It's going to be a continued theme for the rest of the decade I suspect. Every time we get another dollar bear move, the metals will benefit more and the dollar crosses less than before. That's because there is no safe haven currency on a yearly time frame. Except anything that is priced in USD (besides other currency) and is in demand. Those are your safe havens.


http://www.finviz.com/fut_image.ashx...25004745261250
Be hopeful in a winning position, and fearful in a losing position.
  • #52,652
  • Sep 6, 2012 2:55am Sep 6, 2012 2:55am
Quoting PipTrapper
Well I'm keeping my fingers crossed that the market has already priced in all the hopium and other than knee-jerk reactions to the upside, the ultimate sentiment will be bearish.
HA EURO is just too higher to buy , And truly crazy to sell . better to just take a break and decide after nfp , uemp rate is out . Till then
finding A M S
  • #52,653
  • Sep 6, 2012 2:56am Sep 6, 2012 2:56am
Quoting Rag2RichesFX
Nobody believed me when I said metals would rally hard and EUR wouldn't move much up at all on the next dollar bear move. This time is different

Why do you say nobody believed you?
  • #52,654
  • Sep 6, 2012 2:57am Sep 6, 2012 2:57am
Im still holding some underwater EURAUD shorts and AU longs from the 1.2300/1.0240 levels respectively that Im managing... risk is limited to 2% per trade with my SL at the 1.2450/1.0150 levels...

we will see if I was justa bit early and the ultimate targets on the swings end up actually being hit
  • #52,655
  • Sep 6, 2012 2:59am Sep 6, 2012 2:59am
Quoting mka_78
Good Morning everyone
I don't sleep enough lately, need a double triple espresso (without cigs)
We recently bought a new espresso machine. Wifey insisted on it

Anyway, regardless of the ridiculously high price we paid, it makes an amazing espresso. However, whilst my taste buds are forever grateful for the wonderful experience in every cup, my central nervous system is experiencing a 9.0 magnitude bodyquake

http://www.onepersonaltraining.com/b...age-771907.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #52,656
  • Sep 6, 2012 3:00am Sep 6, 2012 3:00am
Quoting Tom_D_Trader
Good morning.

Btw, song is actually about economics.

Good luck today,

T

http://www.youtube.com/watch?v=B1T8xgHdMEM
Morning Tom!
  • #52,657
  • Sep 6, 2012 3:01am Sep 6, 2012 3:01am
Quoting PipTrapper
We recently bought a new espresso machine. Wifey insisted on it

Anyway, regardless of the ridiculously high price we paid, it makes an amazing espresso. However, whilst my taste buds are forever grateful for the wonderful experience in every cup, my central nervous system is experiencing a 9.0 magnitude bodyquake

http://www.onepersonaltraining.com/b...age-771907.jpg
  • #52,658
  • Sep 6, 2012 3:03am Sep 6, 2012 3:03am
Quoting FXSwissTrader
Why do you say nobody believed you?
Well maybe a few of you believed me, but I do remember a few people disagreeing. Probably not in this thread. But I think a few argued against it because of E/Us strength in the past.



Its crazy how fast gold and especially silver are going up compared to EU right now.
Be hopeful in a winning position, and fearful in a losing position.
  • #52,659
  • Sep 6, 2012 3:17am Sep 6, 2012 3:17am
Quoting PipTrapper
We recently bought a new espresso machine. Wifey insisted on it

Anyway, regardless of the ridiculously high price we paid, it makes an amazing espresso. However, whilst my taste buds are forever grateful for the wonderful experience in every cup, my central nervous system is experiencing a 9.0 magnitude bodyquake

http://www.onepersonaltraining.com/b...age-771907.jpg
I can feel the quake
  • #52,660
  • Sep 6, 2012 3:18am Sep 6, 2012 3:18am
well, the AUDUSD breakout has stalled at resistance, as has the Euro....we need some more hopium to get this higher...
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