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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #53,761
  • Sep 10, 2012 8:52am Sep 10, 2012 8:52am
Quoting HCGroup
still under 200 day SMA at 1.2838
I hope this .... bullish momentum end soon
I think it's going to take very bullish news to take it much further up. As such, we probably won't see much movement either way until the German constitutional court decision on Wednesday.

Of course any negative comments from any of the EZ leaders may cause a nice drop.

...and then we have the FOMC rate statement and Bernanke's press conference on Thursday. I anticipate the market will be very disappointed on Thursday, but then I was wrong about my call for a disappointment at the ECB press conference, so perhaps it's better you don't listen to me
Those who say it cannot be done should not interrupt those who are doing it
  • #53,762
  • Sep 10, 2012 9:06am Sep 10, 2012 9:06am
Why do I trade London opening the most. This is why I hate the US session sometimes.
  • #53,763
  • Edited 9:37am Sep 10, 2012 9:11am | Edited 9:37am
40 pip range
How to Win at Sports Betting: DON'T DO IT!
  • #53,764
  • Sep 10, 2012 9:20am Sep 10, 2012 9:20am
No confirmation for Down. PA moves in higher zone.

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  • #53,765
  • Sep 10, 2012 9:58am Sep 10, 2012 9:58am
Quoting Vtmn
40 pip range

40 pip range while in a 20 pip channel. It will break one way or another but I simply don't have patience for this crap. A lot of time non news days it's good because the market is much more predictable. Today is pathetic. Managed to squeeze about 20 pips out of this crap US session. Think I will put in a few orders for breaks and that is about it. Can't watch this.
  • #53,766
  • Sep 10, 2012 10:03am Sep 10, 2012 10:03am
Quoting TRMZXT
40 pip range while in a 20 pip channel. It will break one way or another but I simply don't have patience for this crap. A lot of time non news days it's good because the market is much more predictable. Today is pathetic. Managed to squeeze about 20 pips out of this crap US session. Think I will put in a few orders for breaks and that is about it. Can't watch this.
You are the star!
I was just thinking if anybody gained any pips today, ooops, sorry, micro-pips

Whatta boring day...
-
Read Charts - Not Papers
  • #53,767
  • Sep 10, 2012 10:08am Sep 10, 2012 10:08am
Quoting halkins
You are the star!
I was just thinking if anybody gained any pips today, ooops, sorry, micro-pips

Whatta boring day...
-

I played a few bounces off the 75 nothing special. Trendline was coming up so I figured a little fear would be for long postions.
  • #53,768
  • Sep 10, 2012 10:16am Sep 10, 2012 10:16am
“The one thing [professional traders] have in common is that they know what it’s like to trade from a position of strength.

Each has the institutional and floor experience to fully understand that in order to consistently make money from the market, they want to buy into the selling and sell into the buying.”
  • #53,769
  • Edited 10:42am Sep 10, 2012 10:26am | Edited 10:42am
The Euro which has been taking the USD to the cleaners for some while, is now receiving some selling pressure. That is what is capping the move and the tight range for now. The usual USD selling hit at the US market open 9 am est, exemplified by the GBP/USD, and did occur.

For the Euro to start to turn and go the other way will not happen in a few hours of trading. as long as the 200 daily sma holds by the end of today then a possible topping in price action is coming into play. the Euro is no runaway train today as it was last week.

For longer term traders what will matter is how the day proceeds. I think the price action so far shows that the Euro bulls are weakening. The day is not over but 1.2800 is presenting an obstacle.

add: AUD/USD the best the Fed inspired paranoid US markets can do is 30 pips should mean something.
  • #53,770
  • Sep 10, 2012 11:37am Sep 10, 2012 11:37am
my ucad short Target 1 0.9750 still 4 pips shy...
  • #53,771
  • Sep 10, 2012 12:18pm Sep 10, 2012 12:18pm
Quoting PipTrapper
...Today is pretty much a dead day on the news and econ data front, so my advice is to just turn off your terminal and go have fun....
Well it looks like I finally got something right
Those who say it cannot be done should not interrupt those who are doing it
  • #53,772
  • Sep 10, 2012 12:46pm Sep 10, 2012 12:46pm
Quoting PipTrapper
Well it looks like I finally got something right
Wait a minute - look at that m5 candle!
69
  • #53,773
  • Sep 10, 2012 12:46pm Sep 10, 2012 12:46pm
Quoting PipTrapper
Well it looks like I finally got something right
Some sharp movement down after your post
  • #53,774
  • Sep 10, 2012 12:56pm Sep 10, 2012 12:56pm
Quoting Likerty
Wait a minute - look at that m5 candle!
I'm happy to see this damn bullish momentum weakening.
Today i earned +36 pip by 4 long/short positions of EUR/USD.
friends i have a question, don't kid me, what's PA?
all of you use this word (PA) what does it mean?
  • #53,775
  • Sep 10, 2012 1:01pm Sep 10, 2012 1:01pm
PA= Price Action
  • #53,776
  • Sep 10, 2012 1:02pm Sep 10, 2012 1:02pm
Quoting HCGroup
I'm happy to see this damn bullish momentum weakening.
Today i earned +36 pip by 4 long/short positions of EUR/USD.
friends i have a question, don't kid me, what's PA?
all of you use this word (PA) what does it mean?
Price Action
  • #53,777
  • Sep 10, 2012 1:03pm Sep 10, 2012 1:03pm
Quoting Gofer Pips
PA= Price Action
  • #53,778
  • Sep 10, 2012 1:05pm Sep 10, 2012 1:05pm
Quoting HCGroup
I'm happy to see this damn bullish momentum weakening.
Today i earned +36 pip by 4 long/short positions of EUR/USD.
friends i have a question, don't kid me, what's PA?
all of you use this word (PA) what does it mean?
However, Do not try to measure PA strength or weakness by Monday PA is acting quite normally.
  • #53,779
  • Sep 10, 2012 1:19pm Sep 10, 2012 1:19pm
Quoting Likerty
Wait a minute - look at that m5 candle!
naaah... probably just some fat bastard closed his friday long here
69
  • #53,780
  • Sep 10, 2012 1:40pm Sep 10, 2012 1:40pm
Well, nothing significant today. But, was NFP precisely significant to give such a massive boost only on Friday, and to stop today? I dont think so. Whatever was driving market on Friday is still out there. Maybe people know something I dont? Or maybe, they really just got all hyped up on Friday and realized QE may not come. Imo those were big money pushing the market on Friday, and big money are smart. They are still hiding in there and I would bet for a bull till wednesday, and even after to FOMC. Court will approve. Well, at least thats what is market perception imo. If they wont, well, that will be fun.

Cya tomorrow,

T
"I know one thing, that I know nothing." Sokrates
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