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EurAnalysis

  • #54,801
  • Sep 14, 2012 10:21am Sep 14, 2012 10:21am
Quoting halkins
A cluster of 3 important FIBO levels at 1.31400 zone.
It makes me think that next week we will travel to touch that zone...
Attachment
Oooppsss...
Sorry guys.
I thought it's gonna take a 3 or 4 days to reach that level, not 3 hours !

-
Read Charts - Not Papers
  • #54,802
  • Sep 14, 2012 10:25am Sep 14, 2012 10:25am
Comment by ECB's Asmussen

- Market sees OMT as credible backstop
- There is lower perception of tail risk
- It’s up to governments to do homework
- Risk of renewed tensions
- Sees economic growth remaining weak
- Up to Spain which avenues to follow
- ECB conditions are EFSF/ESM program & IMF involvement
- Not automatic for ECB to buy bonds if there is an EFSF/ESM program
- Countries Shouldn’t Wait On Taking Needed Steps
- Waiting is not an option simply because markets are benign
Those who say it cannot be done should not interrupt those who are doing it
  • #54,803
  • Sep 14, 2012 10:27am Sep 14, 2012 10:27am
Quoting 2013
I will follow you
Mate its your money so follow yourself (sorry i was trying to post this from past 15mins but coulnt)
Quoting 2013
We may seen same thing here. I see weekly FR38.2 around here. But tight sl. Thanks for you advised
Bulls Run. Bears Bite. We Profit.
  • #54,804
  • Sep 14, 2012 10:28am Sep 14, 2012 10:28am
Quoting PipTrapper
Not probable. I think a banking union before year end is more of a pipe dream than 1.2440

fine with me
  • #54,805
  • Sep 14, 2012 10:33am Sep 14, 2012 10:33am
Quoting PipTrapper
USD outperforming both CAD and JPY today. Shows you where the safe haven money has been hiding.

Long USD/CAD at 0.9660
Long USD/JPY at 77.16

If I can't win short the Euro, I'll win long the USD against the other safe havens
I want to long U/C at 0.9635 put Horizontal line around there but have to clear some payment for my other business and I was getting late so had to rush to the bank so coulndt able to catch that move but still I believe it will come again to this level or may be make another low so now I will look for a short
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 17 KB
Bulls Run. Bears Bite. We Profit.
  • #54,806
  • Sep 14, 2012 10:34am Sep 14, 2012 10:34am
Quoting PipTrapper
Not probable. I think a banking union before year end is more of a pipe dream than 1.2440

The proposal states that the ECB would oversee Financial institutions, which comprise at least half of the euro-zone banking sector, from July 1, 2013. The rest would come under the auspices of the central bank on January 1, 2014.


This timeline is already very optimistic, but hey everything is possible.
Inflation in things we need, Deflation in things we want.
  • #54,807
  • Sep 14, 2012 10:41am Sep 14, 2012 10:41am
Quoting lumesh
fine with me
Let's face it. The only progress in both Europe and the US has been on the part of monetary policy makers (CBs). They have put in place, the incentives needed for governments, corporates and households to deleverage and grow.

Now it is up to Governments, corporates and households to take action.

Households will wait for corporates

Corporates will wait for governments

Governments will talk a big talk and do nothing

What to do
Those who say it cannot be done should not interrupt those who are doing it
  • #54,808
  • Sep 14, 2012 10:49am Sep 14, 2012 10:49am
Quoting Thijs
The proposal states that the ECB would oversee Financial institutions, which comprise at least half of the euro-zone banking sector, from July 1, 2013. The rest would come under the auspices of the central bank on January 1, 2014.


This timeline is already very optimistic, but hey everything is possible.
There's a big difference between an agreement this year and a banking union this year. The statement was ... "Banking union outcome possible this year."

Perhaps I misinterpreted it and by "outcome" they mean "agreement in place". Even so, there is no way they can draft up such an agreement faster than most legislatures take to draft up a simple law. How do they integrate 17 different regulators with diverse rules and regulations into one in such a short period of time?
Those who say it cannot be done should not interrupt those who are doing it
  • #54,809
  • Sep 14, 2012 11:41am Sep 14, 2012 11:41am
Had a sneaky Sell limit triggered at 1.3150 tight SL @ 1.3208

thats it closing my pc now and going on weekend mode!

Laters everyone!
Cheers!!
  • #54,810
  • Sep 14, 2012 12:21pm Sep 14, 2012 12:21pm
Quoting PipsMaster23
Had a sneaky Sell limit triggered at 1.3150 tight SL @ 1.3208

thats it closing my pc now and going on weekend mode!

Laters everyone!
Selling it from 1.3145, expecting 50 % fib retrace @ 1.3075 by today close.

Happy weekend
  • #54,811
  • Sep 14, 2012 12:58pm Sep 14, 2012 12:58pm
Quoting rekon67
Selling it from 1.3145, expecting 50 % fib retrace @ 1.3075 by today close.

Happy weekend
1.3075 suits me fine but I would prefer at or below 1.3053

Attached Image (click to enlarge)
Click to Enlarge Name: eu-mn.gif Size: 40 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #54,812
  • Sep 14, 2012 1:05pm Sep 14, 2012 1:05pm
Quoting PipTrapper
1.3075 suits me fine but I would prefer at or below 1.3053

Attachment
USDX gaining strength, and one thing I forget to share from my Excel Indi.

Theoretically perfect reversal CCI 20 is 200 + .

Attached Image
  • #54,813
  • Sep 14, 2012 1:07pm Sep 14, 2012 1:07pm
Quoting rekon67
USDX gaining strength, and one thing I forget to share from my Excel Indi.

Theoretically perfect reversal CCI 20 is 200 + .

Attachment


Let's see if we get a Spanish downgrade today.
Those who say it cannot be done should not interrupt those who are doing it
  • #54,814
  • Sep 14, 2012 1:25pm Sep 14, 2012 1:25pm
Hi PT,

What is the calculation for smoothed 200 MA?
  • #54,815
  • Sep 14, 2012 1:32pm Sep 14, 2012 1:32pm
Quoting PipTrapper
1.3075 suits me fine but I would prefer at or below 1.3053

Attachment
Just wondering if that S/R line will hold next week.
It used to be strong S/R many times in the past.
It holds today again, but I am not so sure about next week...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 31 KB
Read Charts - Not Papers
  • #54,816
  • Sep 14, 2012 1:48pm Sep 14, 2012 1:48pm
Quoting rekon67
Hi PT,

What is the calculation for smoothed 200 MA?
You can see the difference! Smoothed filters out the noise effeciently.

Attached Image (click to enlarge)
Click to Enlarge Name: MA.png Size: 18 KB
  • #54,817
  • Sep 14, 2012 2:37pm Sep 14, 2012 2:37pm
Egan Jones cuts US’s credit rating to AA- from AA


(gathering posts)
How to Win at Sports Betting: DON'T DO IT!
  • #54,818
  • Sep 14, 2012 2:43pm Sep 14, 2012 2:43pm
Quoting Vtmn
Egan Jones cuts US’s credit rating to AA- from AA


(gathering posts)
Better hold onto those E/U longs a bit longer
I observe your reality but live my own.
  • #54,819
  • Sep 14, 2012 2:47pm Sep 14, 2012 2:47pm
Quoting Cgb
Better hold onto those E/U longs a bit longer

hmm yeah... i hope it works out well
How to Win at Sports Betting: DON'T DO IT!
  • #54,820
  • Sep 14, 2012 3:03pm Sep 14, 2012 3:03pm
Quoting Vtmn
hmm yeah... i hope it works out well
anyways, i still have my longs open

have a nice weeked
How to Win at Sports Betting: DON'T DO IT!
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