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EurAnalysis Kindergarten 24 replies

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  • #56,121
  • Sep 25, 2012 12:15am Sep 25, 2012 12:15am
Quoting prashant7
yes , may be . but i was just referring to 70 to 80 pips sudden rise - like crazy bull may be . will see what it has in for store today
Hourly Supports your view. 20 raff is parallal now, suggesting a sideways or ranging.

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  • #56,122
  • Sep 25, 2012 12:20am Sep 25, 2012 12:20am
In the Weekly I got this interesting view though.

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  • #56,123
  • Sep 25, 2012 1:37am Sep 25, 2012 1:37am
Draghi speech whatever will he say? What will be impact?
ff calendar: Due to speak at the annual event "Day of the German Industries" organized by the Federation of German Industries, in Berlin

Well the home crowd is not Southern Europe, so would think another irreversibility of the Euro pep talk etc. is in the cards.

We are getting support at 1.2900, Euro defenders do not want a break as it opens the trapdoor down.

Draghi must continue to talk up a storm to "encourage" bond purchases, if this gets sold into then the market is calling the ECB's hand. Verbal intervention would not be enough.
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ps. good morning
ps.2 well at least it is a topic of discussion, thread has gotten quiet
  • #56,124
  • Sep 25, 2012 1:39am Sep 25, 2012 1:39am
GM - Higher Lows on the hourly and lower TFs and yet price has so far been unable to even retrace 61% of this morning pre Frankfurt Open 67 pip drop and looking at the volumes there's a good ammount of accumulation taking place.

So I guess we'll have to wait for Signore Draghi to speak in four and a half hours time at 13:00 GMT.....
Trading Levels with WRBs
  • #56,125
  • Sep 25, 2012 1:56am Sep 25, 2012 1:56am
Good morning all,

Happy birthday to EurAnalysis, and thank you to PT for starting the thread.

Have spent nearly two days following the thread from beginning of July since I have been away for a while. Good to see the quality has stayed high.

2880 to 2900 area seems to be strong support and the market seems to be waiting for Super Mario this morning - wish I could go to a beach like PTs!!

Interesting competition from CM - who to vote for?? I'll give it some thought, lots of very good contributors here.

Trade safe and well everyone
  • #56,126
  • Sep 25, 2012 2:01am Sep 25, 2012 2:01am
Iff Price can only move away 10-15 pips. That floor is gonna crack before the speech.
Inflation in things we need, Deflation in things we want.
  • #56,127
  • Sep 25, 2012 2:19am Sep 25, 2012 2:19am
Quoting Thijs
Come on. There has never been a better medium of exchange than the money we use today on paper and electronically. Gold is a good store of value.

i totally agree on paper money being the best medium of exchange but i would use caution when implying that gold is a good store of value.

Yes, given modern monetary policy, gold IS a good store of value. We pursue inflation, we pursue artificially induced economic activity that is behind the desired stability. However, were Ron Paul to be the president of the U.S. or the chairman of the FED, you would immediately see, how crap the gold really is. Gold is nothing, it doesn't offer any fundamental value. You can't eat it, nor build anything with it. It's the HOPE that once we destroy our economy and monetary system with the policies we run today the gold is seen as the most likely medium of exchange due to its "favourable characteristics" only.
  • #56,128
  • Sep 25, 2012 2:21am Sep 25, 2012 2:21am
Quoting HombreAlto
Good morning all,

Happy birthday to EurAnalysis, and thank you to PT for starting the thread.

Have spent nearly two days following the thread from beginning of July since I have been away for a while. Good to see the quality has stayed high.

2880 to 2900 area seems to be strong support and the market seems to be waiting for Super Mario this morning - wish I could go to a beach like PTs!!

Interesting competition from CM - who to vote for?? I'll give it some thought, lots of very good contributors here.

Trade safe and well everyone...

yes, happy birthday, Piptrapper Urinanalysis

Now, drink up...
  • #56,129
  • Sep 25, 2012 2:28am Sep 25, 2012 2:28am
Happy birthday PT.

Sweet 17th?
  • #56,130
  • Sep 25, 2012 2:30am Sep 25, 2012 2:30am
Quoting prashant7
QUICK alert - don't sell now as the PA hit 23.6 % of whole 1100 move and its going to retrace around 80 to 100pips average . we can find some resistance only above 1.297... region . caution traders

actually, price "hit" that proposed area last thursday where price reversed between the 23.6 fib and the previous untouched resistance turned support (see the blue circle on the attachment). After that we've made a lower low which gives even more incentives for traders to gun downward breakout. There's some serious interest in the 2885 level with stops being accumulated below every moment. All in all, IMO your proposed 23.6 is of no significance anymore.
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  • #56,131
  • Sep 25, 2012 2:31am Sep 25, 2012 2:31am
Quoting lumesh
yes, happy birthday, Piptrapper Urinanalysis

Now, drink up...
Fixed; EurAnalysis
  • #56,132
  • Sep 25, 2012 2:32am Sep 25, 2012 2:32am
is there any evidence that Draghi can step forward with something concrete today?

the split between the ECB and the Bundesbank over policy differences appears to be headed for a legality decision.

i think at this time all he has to offer is words, and that is not enough.


Happy birthday and what a challenge is to come for this birthday day.
  • #56,133
  • Sep 25, 2012 2:33am Sep 25, 2012 2:33am
Quoting lumesh
actually, price "hit" that proposed area last thursday where price reversed between the 23.6 fib and the previous untouched resistance turned support (see the blue circle on the attachment). After that we've made a lower low which gives even more incentives for traders to gun downward breakout. There's some serious interest in the 2885 level with stops being accumulated below every moment. All in all, IMO your proposed 23.6 is of no significance anymore.
Once again - i don't consider highs and lows for fibs . calculate with h4 and above h8 close , will get the levels .
finding A M S
  • #56,134
  • Sep 25, 2012 2:37am Sep 25, 2012 2:37am
Quoting lumesh
actually, IMO your proposed 23.6 is of no significance anymore.
Crap . I have already seen what significance 1.288.. ( 23.6% ) has ? thanks for your views .
finding A M S
  • #56,135
  • Sep 25, 2012 2:37am Sep 25, 2012 2:37am
Quoting foto
is there any evidence that Draghi can step forward with something concrete today?

the split between the ECB and the Bundesbank over policy differences appears to be headed for a legality decision.

i think at this time all he has to offer is words, and that is not enough.


Happy birthday and what a challenge is to come for this birthday day.
I think you're spot on there, foto, but I suppose only TWT
  • #56,136
  • Sep 25, 2012 2:38am Sep 25, 2012 2:38am
Quoting prashant7
Once again - i don't consider highs and lows for fibs . calculate with h4 and above h8 close , will get the levels .

aaight, my bad...everyone has its own strategy
  • #56,137
  • Sep 25, 2012 2:41am Sep 25, 2012 2:41am
Quoting Ken A
Fixed; EurAnalysis
well, considering that Piptrapper is the ultimate PapaBEAR then i think, and this is fundamentally speaking, that my version was correct also
  • #56,138
  • Sep 25, 2012 2:43am Sep 25, 2012 2:43am
A bit off-piste, but EURUSD seems as sleepy as my cats.

Are we happy that the inverse H&S PT pointed out on UCAD's H4 is still valid?? Recent pa has been a bit slugggish, not untypical for this pair. Maybe this afternoon's news release may be the kick it needs to move up.

Interesting that there is a mirror image H&S on AUD's H4 chart....
  • #56,139
  • Sep 25, 2012 2:45am Sep 25, 2012 2:45am
Quoting foto
is there any evidence that Draghi can step forward with something concrete today?

the split between the ECB and the Bundesbank over policy differences appears to be headed for a legality decision.

i think at this time all he has to offer is words, and that is not enough.


Happy birthday and what a challenge is to come for this birthday day.
There isnt any pressconference sheduled as far as I know. SO just some fine rosy talks without any questions...
He may say "..believe me, that will be enough!" again...
69
  • #56,140
  • Sep 25, 2012 2:47am Sep 25, 2012 2:47am
Quoting lumesh
well, considering that Piptrapper is the ultimate PapaBEAR then i think, and this is fundamentally speaking, that my version was correct also
A bit confused about the urine part though.

PT is in his tux today - dressed to kill.
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