EurAnalysis | Page 2644 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #52,861
  • Sep 6, 2012 10:34am Sep 6, 2012 10:34am
Quoting PipTrapper
Mmmmm
I put you on ignore b@stard! . Now I drooled my shirt!

T
"I know one thing, that I know nothing." Sokrates
  • #52,862
  • Sep 6, 2012 10:35am Sep 6, 2012 10:35am
Quoting PipTrapper
Mmmmm

http://1.bp.blogspot.com/_HttqMpEZo_...s1600/Gyro.jpg
been surfing youporn.com?
TRADE FOR SWAP
  • #52,863
  • Sep 6, 2012 10:35am Sep 6, 2012 10:35am
Quoting wingou
took short @1.2627 sl @1.2645
Sl a little higher my view is 1.2651.. is just an ideea 12650 verry strong support...
  • #52,864
  • Sep 6, 2012 10:38am Sep 6, 2012 10:38am
Quoting PipTrapper
Mmmmm

http://1.bp.blogspot.com/_HttqMpEZo_...s1600/Gyro.jpg
Yup, think I'm going to have the same. New place just opened up near my house, run by hard working Chinese people
I observe your reality but live my own.
  • #52,865
  • Sep 6, 2012 10:40am Sep 6, 2012 10:40am
Quoting aurel_79
Sl a little higher my view is 1.2651.. is just an ideea 12650 verry strong support...
agree it's very strong tech support at 1.2650, but it may not hold now. There was a barrier option there that was being defended and was touched. Now there will not be such strong defence if price pops up again, so will probably make new high.
Those who say it cannot be done should not interrupt those who are doing it
  • #52,866
  • Sep 6, 2012 10:41am Sep 6, 2012 10:41am
Can anyone explain that huge, newsless, fundamental-less rise from 1.255 to 1.264?

Anyone? Lol.

Am I missing something here?
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #52,867
  • Sep 6, 2012 10:42am Sep 6, 2012 10:42am
Quoting Cgb
Yup, think I'm going to have the same. New place just opened up near my house, run by hard working Chinese people
So I guess you could call them "Greenese"? or perhaps "Cheeks"?
Those who say it cannot be done should not interrupt those who are doing it
  • #52,868
  • Sep 6, 2012 10:43am Sep 6, 2012 10:43am
Quoting Cgb
Yup, think I'm going to have the same. New place just opened up near my house, run by hard working Chinese people
Omg sure, everyone quote it. I stop posting!

imo 2650 too weak mumbo jumbo.

T
"I know one thing, that I know nothing." Sokrates
  • #52,869
  • Sep 6, 2012 10:43am Sep 6, 2012 10:43am
Quoting Layzars
Can anyone explain that huge, newsless, fundamental-less rise from 1.255 to 1.264?

Anyone? Lol.

Am I missing something here?
Capital flow out of US bonds seeking higher yields overseas... as in EZ short term bonds and/or EZ equities.

Correction... Make that Global equities (including US)
Those who say it cannot be done should not interrupt those who are doing it
  • #52,870
  • Sep 6, 2012 10:44am Sep 6, 2012 10:44am
Quoting PipTrapper
Fundamentally, equities are bullish because the smart money was waiting for Europe to do something. Europe did something so now they are jumping in as the PE (Price to Earnings) ratios are very low. Therefore certain dividend paying equities now offer some great value... certainly much better than 1.6% on a US 10 year bond.

Don't worry though... Those who have been hanging on for a higher price on hope of Fed intervention will probably start getting their profit targets hit and will start cashing out.

hi,

I doubt that the PE's got to do anything here. I mean, there's always the PE reasons and they will be there in the future, but those guys are long term traders and doubt they caused the spike here. More likely, we were in a range within a range (SP500), liquidity got thinned out and then two pretty awesome news came out out of the U.S. Positive news blew up the inside range and thin liquidity took it all the way up to the next order block at the previous high made at August. Continued momentum took the advantage of killing the double top callers and took them out as well. Now, being in the new territory there's nothing really left anymore. Could easily be the top for some time now or start to consolidate to build up new orders and thus incentives again.

Draghi got little to do here because equities started to rally about an hour after the start of the ECB press conf. Plus, as you noticed euro actually plunged following Draghi's comments, so no positive momentum from the news alone.

All in all i think there were some internal catalysts there that got many to freak out rather than anticipated bullishness.

If u look at the 4H chart of SP500 you'll notice a strong inside range that developed 2+ weeks. You can imagine the incentives building from that range No wonder the reaction was severe.

If conditions warrant then the exact opposite can now occur. Many are seeing that breakout as a base for dip buying. Should QE and other hopiums start to wear off then those buyers, getting sucked in, could cause the market to plunge all the way below September low before stabilizing...I repeat: IF conditions warrant.

The opposite condition for now is elections.


just my 3 cents

take care.
  • #52,871
  • Sep 6, 2012 10:44am Sep 6, 2012 10:44am
Quoting Tom_D_Trader
Damn stop that, I have drank like 10 coffees, but still didnt eat. Now I am drooling, damn that Pavlov reflex. I think I am going to go for gyros as well, once this rollercoaster takes break.

T
Whoever comes in greece will pm me to accompany him to heaven---the best gyro
Euro is upside. S&p to the sky...
The system is having hard times..whatever you try euro will fall imo
  • #52,872
  • Sep 6, 2012 10:49am Sep 6, 2012 10:49am
40 mnt again draghi concert.. yihaa yihaa.. up down up down... make me confuse..
AM Signal Provider
  • #52,873
  • Sep 6, 2012 10:49am Sep 6, 2012 10:49am
Quoting Layzars
Can anyone explain that huge, newsless, fundamental-less rise from 1.255 to 1.264?

Anyone? Lol.

Am I missing something here?
Sure... it's called NEWS NOISE, or BEFORE NEWS NOISE
Some big orders have been cancelled by big institutions, some new orders being placed instead.
In case of “emptiness”, vacuum, price goes to the nearest possible orders.
This is why price get crazy during news events.
-
Read Charts - Not Papers
  • #52,874
  • Sep 6, 2012 10:55am Sep 6, 2012 10:55am
Quoting PipTrapper
I see AUD/USD at 1.0350/80 before a bearish continuation.
Based on retest of 55 day ema/sma (unfinished business)
So we may be in for a bit of a rally today.

http://www.salespod.net/media/10663/hopium.png
I just don't get it on the data released then AUD/USD and EUR/AUD making U-Turn. Don't you think these two contradict each other?

AUDEmployment Change -8.8K
AUDUnemployment Rate 5.1%
  • #52,875
  • Sep 6, 2012 10:55am Sep 6, 2012 10:55am
Quoting lumesh
hi,

.../
All in all i think there were some internal catalysts there that got many to freak out rather than anticipated bullishness.
/...
Please don't start with the conspiracy theory, you'll get Tom all hyped up again!

And with that, I'm going for lunch. Back in a bit...
I observe your reality but live my own.
  • #52,876
  • Sep 6, 2012 10:55am Sep 6, 2012 10:55am
Quoting lumesh
hi,

I doubt that the PE's got to do anything here. I mean, there's always the PE reasons and they will be there in the future, but those guys are long term traders and doubt they caused the spike here. More likely, we were in a range within a range (SP500), liquidity got thinned out and then two pretty awesome news came out out of the U.S. Positive news blew up the inside range and thin liquidity took it all the way up to the next order block at the previous high made at August. Continued momentum took the advantage of killing the double top...
You make a strong point Lumesh and I certainly cannot argue against it. However, if it's all the same with you, my 4 cents says that PE is definitely a factor here, although obviously not the exclusive one
Those who say it cannot be done should not interrupt those who are doing it
  • #52,877
  • Sep 6, 2012 10:57am Sep 6, 2012 10:57am
Quoting Cgb
As I look at the S&P with my rosie glasses, I can only think of one song to describe what will eventually need to happen...

"Look mommy, there's a bird in the sky..."

http://www.youtube.com/watch?v=XSoyI...e=results_main

And it looks like where's going to see Rekon's underwear again.

PS: Sorry Rekon, this formation is now attached to your name
Do not under estimate the underwear pattern. Todays shot 100 pips 3 Longs on EU and closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 163 KB
  • #52,878
  • Sep 6, 2012 10:59am Sep 6, 2012 10:59am
Quoting PipTrapper
You make a strong point Lumesh and I certainly cannot argue against it. However, if it's all the same with you, my 4 cents says that PE is definitely a factor here, although obviously not the exclusive one
well, you certainly reached my limit there
  • #52,879
  • Sep 6, 2012 11:04am Sep 6, 2012 11:04am
So, how do you like h4 candle? Not as great as I would wish, but still, bulls maintaining power.

EDIT: 3000 posts!!! Who´s the king of spam here?

T
"I know one thing, that I know nothing." Sokrates
  • #52,880
  • Sep 6, 2012 11:10am Sep 6, 2012 11:10am
Analysts See Few Surprises In ECB Plan, But Many See Pitfalls

By Market News International || September 6, 2012 at 16:00 GMT

PARIS (MNI) – Financial market analysts saw few surprises in the
European Central Bank’s “Outright Monetary Transactions” plan, which was
officially unveiled Thursday, largely because most of the details had
been leaked ahead of today’s press conference by ECB President Mario
Draghi.

Some analysts were encouraged by the plan, the main features of
which are strong conditions on beneficiary countries; purchasing of
sovereign securities with maturities of three years or under; no senior
creditor status for the ECB; and more detailed public reporting of bonds
purchased – by volume, maturity and country.

Others, however, pointed to potential problems ahead even as they
conceded that Draghi may have bought time with the announcement. Some
noted the OMT plan could hit some headwind because it depends on the
willingness of governments to enact stiff reforms, and the track record
on that score has not always been great. Others argued that the OMT
program does not address the fundamental issue of economic and financial
disparities among Eurozone countries. Others noted that a deteriorating
Eurozone economy will need to be addressed.

Exerpts from analysts’ comments are below: > http://www.forexlive.com/blog/2012/0...-see-pitfalls/
Those who say it cannot be done should not interrupt those who are doing it
21 traders viewing now