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EurAnalysis Kindergarten 24 replies

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  • #53,141
  • Sep 7, 2012 7:54am Sep 7, 2012 7:54am
What, running into Euro's without a US economic recovery is intelligent?
I think not.
  • #53,142
  • Sep 7, 2012 7:54am Sep 7, 2012 7:54am
Amazing, in 2 days, EZ is heal and US are ill... how fast are going economies nowadays...
  • #53,143
  • Sep 7, 2012 7:56am Sep 7, 2012 7:56am
Quoting PipTrapper
Well price is definitely stretched to the upside now. Logically and technically, it can only go down from these heights. However, I'm going to wait until the dust settles.

Regardless, this is definitely not a place to buy from. Best to wait for a pullback.
I hear ya but the reason why you said what you just said I am out and down now. Just short of the whole number at quarter and will add my other half should it spike 1.28
  • #53,144
  • Sep 7, 2012 7:56am Sep 7, 2012 7:56am
Some of July's forecasters will get theyr job back!
69
  • #53,145
  • Sep 7, 2012 7:58am Sep 7, 2012 7:58am
I expect to see the 200SMA on the daily touched today.

Now, we're had the last gasp for the bulls I hope and we see the 300 point drop in the next 5 days.
I observe your reality but live my own.
  • #53,146
  • Sep 7, 2012 7:59am Sep 7, 2012 7:59am
Quoting PipTrapper
Well price is definitely stretched to the upside now. Logically and technically, it can only go down from these heights. However, I'm going to wait until the dust settles.

Regardless, this is definitely not a place to buy from. Best to wait for a pullback.
Now I'm risking my head here but I'm going for 100-150 pips on these shorts and I will continue to load shorts all the way to 1.28 (today only). Then I'm going to unload these shorts when they hit 100-150 pips south of here. Might even load some longs when we get back there. To me it all depend on how fast things play out.

Green pips to all.
  • #53,147
  • Sep 7, 2012 7:59am Sep 7, 2012 7:59am
Quoting nathan25x
the QE3 bandwagon would tend to believe, i think, that these numbers make QE more likely....
Yes they do believe it for whatever reason. Bernanke has been dangling the carrot in front of the donkey for quite a while now. If the Fed really wanted to press that print button, they would have already done it. All the verbal diarrhea we've been hearing from the FOMC voting and alternate members is all designed to keep the markets afloat via unofficial verbal intervention.

http://www.blogsmonroe.com/faith/wp-...motivation.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #53,148
  • Sep 7, 2012 8:00am Sep 7, 2012 8:00am
Quoting Tom_D_Trader
And dead. Now that was fast. I think I ll have another cigarette and try to think of under which bridge shall I live.

T
Crap, I feel bad for you Tom. I know how much you wanted this one.

Just remember, PT's offer for his spare bedroom is still open I think.
I observe your reality but live my own.
  • #53,149
  • Sep 7, 2012 8:00am Sep 7, 2012 8:00am
I hope everyone is doing fine and has anticipated this move. I did but with a small loss for gold and silver.

Wait till the fat lady sings. Now I am sitting on my hands.
  • #53,150
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
Shorted at 1.2770.
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  • #53,151
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
Quoting PipTrapper
Yes they do believe it for whatever reason. Bernanke has been playing the donkey with a carrot for quite a while now. If the Fed really wanted to press that print button, they would have already done it. All the verbal diarrhea we've been hearing from the FOMC voting and alternate members is all designed to keep the markets afloat via unofficial verbal intervention.
Exactly.

The US wants the dollar cheap to the Euro for reasons of export and debt management and the EZ wants the Euro dear for cheaper commidites for their manufactering sector (Germany's life's blood) and as a marker of confidence.
  • #53,152
  • Sep 7, 2012 8:04am Sep 7, 2012 8:04am
Quoting PipTrapper
Yes they do believe it for whatever reason. ... All the verbal diarrhea we've been hearing from the FOMC voting and alternate members is all designed to keep the markets afloat via unofficial verbal intervention.
Hope my acct holds up till reality sets in. Maybe we should outlaw Hopium like the Chinese did back in the 1800s (if I remember history correctly, which is doubtful )
  • #53,153
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
Quoting Ken A
I hope everyone is doing fine and has anticipated this move. I did but with a small loss for gold and silver.

Wait till the fat lady sings. Now I am sitting on my hands.

some broker is booking a holiday for himself from my loss...
  • #53,154
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
Quoting Ken A
I hope everyone is doing fine and has anticipated this move. I did but with a small loss for gold and silver.

Wait till the fat lady sings. Now I am sitting on my hands.
Yes and this is how I am right now...
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I observe your reality but live my own.
  • #53,155
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
I lost my money
At the end of this journey i learnt some lessons
I must not be so stubbered in my opinion.
I must study even more
I must have in mind that the game is driven by forces beyond us, beyond technicals and fundamentals.

I will come back stronger (i am not leaving euranalysis forum)!
  • #53,156
  • Sep 7, 2012 8:05am Sep 7, 2012 8:05am
Quoting Cgb
I expect to see the 200SMA on the daily touched today.

Now, we're had the last gasp for the bulls I hope and we see the 300 point drop in the next 5 days.
That would make a great day and clear the table for a sizeable retracement. If not reached today we stand a chance it will take a shot come Monday. Time will tell.
  • #53,157
  • Sep 7, 2012 8:07am Sep 7, 2012 8:07am
dont be surprised to see something like 10-27-11---11-2-11
  • #53,158
  • Sep 7, 2012 8:07am Sep 7, 2012 8:07am
Quoting Ken A
I hope everyone is doing fine and has anticipated this move. I did but with a small loss.

Wait till the fat lady sings. Now I am sitting on my hands.
I sit on hands on NFP day until dust settles. Watch and see what NY equity markets do at open. It should be plenty of time for smart money to decide how it ends today.
  • #53,159
  • Sep 7, 2012 8:08am Sep 7, 2012 8:08am
Quoting pmk80
I lost my money
At the end of this journey i learnt some lessons
I must not be so stubbered in my opinion.
I must study even more
I must have in mind that the game is driven by forces beyond us, beyond technicals and fundamentals.

I will come back stronger (i am not leaving euranalysis forum)!
Sorry for your loss. Do not lose hope. We are there.
  • #53,160
  • Sep 7, 2012 8:08am Sep 7, 2012 8:08am
Well, there may be one more pulse to the upside, but i cant see price action breaking the 1.2800 psycho.

RSI hit 85 on the 1HR and the price action is nearing the top of the channel extension on the Daily chart.
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