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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #52,921
  • Sep 6, 2012 2:20pm Sep 6, 2012 2:20pm
Quoting Cgb
Call me nuts...

Have you been watching the price action of crude from 10:45am EST? Once the dollar started falling and returned near the 81.100 level, the price of crude (which was at it's highest of the dat at $97.60) started to move down.

It has been falling since and my thought is that they are trying to keep the US dollar from falling below 81.000. Within the last 20 minutes, as the US dollar touched 81.000, crude dropped another 60 points to reach the low of the day at $95.06. This caused the dollar to have a small uptick and sits at...
81 is a floor and if that fails then 80 is an even bigger floor. Its probably a long term floor aswell!
  • #52,922
  • Sep 6, 2012 2:20pm Sep 6, 2012 2:20pm
Quoting Wulfgar
I brought up some FA on why we may see some short term Aussie strength the other day when i entered the net long aud positions. The techs support a bit of a bounce from the 1.017x weekly/monthly demand level.

The 1.0351 is critical on the au and if it breaks and closes i may get my number... We will see. The Euraud has the potential to revisit the 1.1600 lows if FA matches up. But ill take it one channel at a time and exit only when Im ready to risk a long.
Thanks for the input Wulf. Overall I am still fine just went a little overboard with too many positions opened last Friday on last minute spur of the moment before market closed. Can not digest all the information provided and I am really slow
  • #52,923
  • Sep 6, 2012 2:36pm Sep 6, 2012 2:36pm
Quoting Cgb
Call me nuts...

Have you been watching the price action of crude from 10:45am EST? Once the dollar started falling and returned near the 81.100 level, the price of crude (which was at it's highest of the dat at $97.60) started to move down.

It has been falling since and my thought is that they are trying to keep the US dollar from falling below 81.000. Within the last 20 minutes, as the US dollar touched 81.000, crude dropped another 60 points to reach the low of the day at $95.06. This caused the dollar to have a small uptick and sits...
I didn't know Crude went that far. I have one short @ 96.20 triggered and another @ 98.00 still intact. I don't look at charts anymore got my handful with too many positions. U/CAD is making a new low

So you are saying there's intervention to curb the price?
  • #52,924
  • Sep 6, 2012 2:45pm Sep 6, 2012 2:45pm
Quoting Tom_D_Trader
Since I have been accused of listening to evil music, here is a track, which is definitely not evil and will make you smile.
Huh??? You and I have very different views on what evil and not evil is...

This is a not evil song. Perhaps you should listen to more soothing music, you'd be less stressed I think.

PS: Crude now $94.79 and dollar barely holding $81 (81.050)

Inserted Video
I observe your reality but live my own.
  • #52,925
  • Sep 6, 2012 2:52pm Sep 6, 2012 2:52pm
Remarks by Mario Draghi, President of the ECB on receiving the M100 Media Award 2012
Those who say it cannot be done should not interrupt those who are doing it
  • #52,926
  • Sep 6, 2012 2:53pm Sep 6, 2012 2:53pm
Quoting Ken A
I didn't know Crude went that far. I have one short @ 96.20 triggered and another @ 98.00 still intact. I don't look at charts anymore got my handful with too many positions. U/CAD is making a new low

So you are saying there's intervention to curb the price?
Oh yeah. With a nearly 300 point drop (290 now) you should be seeing the US$ fly right now. There's an exodus in the US$ and the big boys are trying to prevent a free fall in it.
I observe your reality but live my own.
  • #52,927
  • Sep 6, 2012 2:54pm Sep 6, 2012 2:54pm
Quoting PipTrapper
Remarks by Mario Draghi, President of the ECB on receiving the M100 Media Award 2012
With his 'Believe me, it will be enough'?
  • #52,928
  • Sep 6, 2012 2:58pm Sep 6, 2012 2:58pm
Quoting PipTrapper
Remarks by Mario Draghi, President of the ECB on receiving the M100 Media Award 2012
Would this 1.265 or 1.275 going to be the top for the short period of time atleast PT . ( i don't find PA interested in having a decent pullback to 1.244 the least ? no bears still
finding A M S
  • #52,929
  • Sep 6, 2012 3:01pm Sep 6, 2012 3:01pm
Quoting PipTrapper
Remarks by Mario Draghi, President of the ECB on receiving the M100 Media Award 2012
The "Sans Souci" award? No worries? He's been listening too much to this...

Inserted Video
I observe your reality but live my own.
  • #52,930
  • Sep 6, 2012 3:09pm Sep 6, 2012 3:09pm
Quoting Cgb
Oh yeah. With a nearly 300 point drop (290 now) you should be seeing the US$ fly right now. There's an exodus in the US$ and the big boys are trying to prevent a free fall in it.
Yea it could happen but I only know that Obama will open the tap of NPR (National Petroleum Reserve) in anticipation of Isaac.
  • #52,931
  • Sep 6, 2012 3:21pm Sep 6, 2012 3:21pm
Quoting Ken A
Yea it could happen but I only know that Obama will open the tap of NPR (National Petroleum Reserve) in anticipation of Isaac.
Right now Isaac has passed and Leslie will not touch ground.

https://secure.www.stormpulse.com/products/

What is left of Isaac is a tropical depression (remnant) of it and the fear is that it could turn into another hurricane. If you scroll the map to the left you'll see what's left of Isaac.

If it turns into another hurricane, then Obama could open the taps but I don't think before.
I observe your reality but live my own.
  • #52,932
  • Sep 6, 2012 3:29pm Sep 6, 2012 3:29pm
Fourth pillar by Mr. Draghi is political integration.
Very slick presentation of this at an award presentation.
So the Euro is the means to bring into the fold the weaker Nations of Europe. Who is to say no thanks to such an generous offer. An offer that cannot be refused.

Will see, because Spain now must undergo relinquishing of its Sovereignty to Brussels oversight. Is Mr. Rajoy going to explain this to his people?
The carrot of the unlimited money against the stick of losing self determination over the Spainish budget.

Mr. Rajoy has a tough sell at home as Spain is more of a confederation.
Spain the Nation where the men still run with the Bulls.
Will life be for the better once Spain gives in or does it have other options?
Does Spain admit it is not capable of running its own country? Very big question and quite a humiliation to the people of Spain.

I think Draghi offers little to Spain that they can accept this day.
  • #52,933
  • Sep 6, 2012 3:30pm Sep 6, 2012 3:30pm
Quoting Cgb
Right now Isaac has passed and Leslie will not touch ground.

https://secure.www.stormpulse.com/products/

What is left of Isaac is a tropical depression (remnant) of it and the fear is that it could turn into another hurricane. If you scroll the map to the left you'll see what's left of Isaac.

If it turns into another hurricane, then Obama could open the taps but I don't think before.
I see it.

http://www.forexfactory.com/attachme...1&d=1346963382

Edit: BTW, how to attach image without showing as attachment?
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  • #52,934
  • Sep 6, 2012 3:31pm Sep 6, 2012 3:31pm
Quoting PipTrapper
So let's see if this is the parabolic last gasp for the Euro.
Was this the parabolic gasp for the S&P and tomorrow we'll see the one for E/U...

But in the mean time, I can hear the party in Richmond Hill from downtown Bay Street!

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I observe your reality but live my own.
  • #52,935
  • Sep 6, 2012 3:38pm Sep 6, 2012 3:38pm
Quoting Ken A
I see it.

http://www.forexfactory.com/attachme...1&d=1346963382

Edit: BTW, how to attach image without showing as attachment?
Are you a subscriber to StormPulse? I've not seen the level of detail on the map as you have since they made the service a "For Fee" thing.

Edit: Drag and drop I think. I always put them as attachments
I observe your reality but live my own.
  • #52,936
  • Sep 6, 2012 3:45pm Sep 6, 2012 3:45pm
Quoting Cgb
Are you a subscriber to StormPulse? I've not seen the level of detail on the map as you have since they made the service a "For Fee" thing.

Edit: Drag and drop I think. I always put them as attachments
No, I simply click on the link from you but there're parameters you can choose on the right upper corner of the image.
  • #52,937
  • Sep 6, 2012 3:52pm Sep 6, 2012 3:52pm
Cgb,
All the market heard today was there was another bailout going on in Europe. Party on Dude.
But is that what really happened is the question?

Draghi speech may be more revealing then the ECB presentation about the future couse of events.

Am tempted to sell at these levels but this is a big moment for Spain.
The market is likely to wait on a response from Rajoy, but if the Euro starts to roll over, will short it since that is reflective of Spains decision before it is publicaly announced.
  • #52,938
  • Sep 6, 2012 6:39pm Sep 6, 2012 6:39pm
I am still trying to learn patience. I get out of a lot of trades way too early but I guess as long as I stay profitable it isn't the worst thing in the world. Becoming more profitable though would be nice. I will be flat till after NFP and then if I see an opportunity to get in I will but most likely it will be next week before another trade. Good luck to all!
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  • #52,939
  • Sep 6, 2012 7:15pm Sep 6, 2012 7:15pm
Powerful start to the asian session, but so far it doesn't look poised to destroy resistances; had a pretty firm rejection when it penetrated 1.264
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  • #52,940
  • Sep 6, 2012 7:22pm Sep 6, 2012 7:22pm
Make that a _very_ firm rejection, lol.
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