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EurAnalysis Kindergarten 24 replies

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  • #55,081
  • Sep 17, 2012 9:04am Sep 17, 2012 9:04am
Quoting TRMZXT
I would agree. 1.3080 has proven to be very strong resistance. It may range but I don't think it is going to pull back any farther than that. You have a 90 pips range now which is plenty.
i agree thats its going up soon, but i think it can pull back farther a bit...we'll see....

up till now, this move has been one massive short squeeze.....but now most of the shorts are covered, so it needs Euro buyers en masse at this point to move higher....right now there are alot of buyers in the wings waiting for a pull back...so this will pull back as far as it needs to bring in the buyers..

we'll see where that is in due course......
  • #55,082
  • Sep 17, 2012 9:09am Sep 17, 2012 9:09am
AUD/USD still looks like risk off.
DAX, Futsee, DJ weak.
EURO/USD scalp stopped out
back in again at 1.3153

The Aussie sure looks as if it will lead risk sentiment today

add: JPY pairs are not acting in the normal prudent way they do under accumulation.
More like flight capital acts.
  • #55,083
  • Sep 17, 2012 9:14am Sep 17, 2012 9:14am
Quoting nathan25x
i agree thats its going up soon, but i think it can pull back farther a bit...we'll see....

up till now, this move has been one massive short squeeze.....but now most of the shorts are covered, so it needs Euro buyers en masse at this point to move higher....right now there are alot of buyers in the wings waiting for a pull back...so this will pull back as far as it needs to bring in the buyers..

we'll see where that is in due course......
I'm waiting

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Those who say it cannot be done should not interrupt those who are doing it
  • #55,084
  • Sep 17, 2012 9:24am Sep 17, 2012 9:24am
F*** I took a short @1.3163, made a wrong manip and get out :/ It looks like I will regret this one...
  • #55,085
  • Sep 17, 2012 9:26am Sep 17, 2012 9:26am
Quoting wingou
F*** I took a short @1.3163, made a wrong manip and get out :/ It looks like I will regret this one...
Don't worry. Lots of ranging to go in this zone before it makes a major move. Today is a slow market anyway. You may get your chance to short heavily when the EZ PMI figures come out on Thursday >> http://www.forexfactory.com/calendar.php?day=sep20.2012
Those who say it cannot be done should not interrupt those who are doing it
  • #55,086
  • Sep 17, 2012 9:29am Sep 17, 2012 9:29am
Quoting PipTrapper
Don't worry. Lots of ranging to go in this zone before it makes a major move. Today is a slow market anyway. You may get your chance to short heavily when the EZ PMI figures come out on Thursday >> http://www.forexfactory.com/calendar.php?day=sep20.2012
Maybe the difference between an experienced trader and me...
  • #55,087
  • Sep 17, 2012 9:30am Sep 17, 2012 9:30am
wingou,
everyone hates the USD so much any turn around in fortune will most likely not be today. Still have the NY afternoon session to come and every effort to pump up risk is sure to happen.

That is why some are simply waiting and others are trading low risk scalps looking for some evidence that Bernanke has not provided a terminal case for the USD.
  • #55,088
  • Sep 17, 2012 9:30am Sep 17, 2012 9:30am
Mr. Market getting a little impatient with Spain

Written by Jamie Coleman
September 17, 2012 at 14:23 GMT

As predicted, the market won’t wait forever for Spain top come to the ECB/EFSF hat-in-hand.

Rates have been backing up in recent sessions, now back above 6% in the 10-year maturity. Absent ECB buying, rates will likely continue to drift somewhat higher while likely holding below the 7/7.5% area on the threat of ECB buying if Spain finally bites the bullet.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,089
  • Sep 17, 2012 9:31am Sep 17, 2012 9:31am
This looks like a double top on the hourly. So normal trade would be to sell, so given our new trading mentra, I'm buying.
I observe your reality but live my own.
  • #55,090
  • Sep 17, 2012 9:32am Sep 17, 2012 9:32am
Quoting Thijs
The elephant continues to fly

http://www.youtube.com/watch?v=E2d4bj592ig
Strange. I see camel here.
  • #55,091
  • Sep 17, 2012 9:33am Sep 17, 2012 9:33am
Quoting Cgb
This looks like a double top on the hourly. So normal trade would be to sell, so given our new trading mentra, I'm buying.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,092
  • Sep 17, 2012 9:34am Sep 17, 2012 9:34am
For every action, a reaction

Written by Adam Button
September 17, 2012 at 14:28 GMT

QE3 was the action, now other central banks get a chance to react.

Of the major players, first up is the Bank of Japan on Wednesday. But emerging market central banks may be even more aggressive.

The FT talks about how it could all devolve into a currency war.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,093
  • Sep 17, 2012 9:39am Sep 17, 2012 9:39am
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  • #55,094
  • Sep 17, 2012 9:45am Sep 17, 2012 9:45am
Quoting rekon67
Attachment
I take it this is another DDE spreadsheet. What is the base time frame?
I observe your reality but live my own.
  • #55,095
  • Sep 17, 2012 9:47am Sep 17, 2012 9:47am
hmmm the way this market is reacting. It may break 80 or rest at the 100 level until the London session. If it breaks 80 before close this is in a down trend for a while or a large channel. It it breaks 80 it will hit 50 which IMO is a nice resistance area. For a bounce back up.
  • #55,096
  • Edited 9:59am Sep 17, 2012 9:48am | Edited 9:59am
Quoting nathan25x
i agree thats its going up soon, but i think it can pull back farther a bit...we'll see....

up till now, this move has been one massive short squeeze.....but now most of the shorts are covered, so it needs Euro buyers en masse at this point to move higher....right now there are alot of buyers in the wings waiting for a pull back...so this will pull back as far as it needs to bring in the buyers..

we'll see where that is in due course......
which is why when it hit the top it dropped 40 like a rock and dropped on retest at 50. Def going to play the range now. Shorted on a scalp. If it breaks 80 no telling what will happen for a low. 50 may stop it temp as that would be 120 range with light resistance but who knows this is so overbought.
  • #55,097
  • Sep 17, 2012 9:50am Sep 17, 2012 9:50am
Quoting rekon67
Attachment
According to the Table, Pairs are balanced we are Ranging for E/U. Take Top ... Sell .. Take bottom Buy.
  • #55,098
  • Sep 17, 2012 9:51am Sep 17, 2012 9:51am
Quoting Cgb
I take it this is another DDE spreadsheet. What is the base time frame?
GMT + 2.00
  • #55,099
  • Sep 17, 2012 10:06am Sep 17, 2012 10:06am
Quoting Cgb
I take it this is another DDE spreadsheet. What is the base time frame?
C, where do you see the Crude?

Just found out one of the orders triggered wrongly set as 'Buy' instead of 'Sell'.
  • #55,100
  • Sep 17, 2012 10:11am Sep 17, 2012 10:11am
New age economics as shown by an golden oldie

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I observe your reality but live my own.
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