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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #56,261
  • Sep 25, 2012 1:39pm Sep 25, 2012 1:39pm
Market is in complete Risk-Off now (due to Spain) which sends all the USD pairs down.

http://finviz.com/fut_image.ashx?rel...41877599922500

  • #56,262
  • Sep 25, 2012 1:42pm Sep 25, 2012 1:42pm
Quoting Ken A
Market is in complete Risk-Off now (due to Spain) which sends all the USD pairs down.

http://finviz.com/fut_image.ashx?rel...41877599922500

Oh crap


there goes my coffee again getting too expensive.... guess Ill need to replace it with extra OJ
  • #56,263
  • Sep 25, 2012 1:44pm Sep 25, 2012 1:44pm
Quoting pkimnyc
what are you talking about? they all got filled.

Sure, just 17 weeks later

actually, that wasn't my concern. I just wanted his opinion about if, when and why they should or should not get filled.
  • #56,264
  • Sep 25, 2012 1:47pm Sep 25, 2012 1:47pm
Quoting Wulfgar
Oh crap


there goes my coffee again getting too expensive.... guess Ill need to replace it with extra OJ
Wulf, try fresh milk from the source.
  • #56,265
  • Sep 25, 2012 1:48pm Sep 25, 2012 1:48pm
Quoting Ken A
Wulf, try fresh milk from the source.
How is the price of Cows these days?
  • #56,266
  • Sep 25, 2012 1:52pm Sep 25, 2012 1:52pm
Quoting Wulfgar
How is the price of Cows these days?
You don't want that regular cows but two legged.
  • #56,267
  • Sep 25, 2012 1:55pm Sep 25, 2012 1:55pm
Quoting Ken A
You don't want that regular cows but two legged.
lol! udders are udders eh?
  • #56,268
  • Sep 25, 2012 2:01pm Sep 25, 2012 2:01pm
TRMZXT,
we do not disagree, I very strongly believe that a sound society is based upon individual achievement with willing participants.

Spain appears to be at the next stage where stresses have built to the point where there is no resolution without a default occuring. How the default gets structured impacts the future existence of the Euro.

When people hunger and have no hope then that is the point of mass civil disobedience. Governments fall and new directions occur. It is plain to see that Spain has not prospered under the Euro and that is where the public will lay the blame.

The CB's can only supply liquidity for loan making which is the last thing that Spaniards need now, more Debt.
  • #56,269
  • Sep 25, 2012 2:01pm Sep 25, 2012 2:01pm
Quoting Wulfgar
lol! udders are udders eh?
Only when coffee is too expensive to consume
  • #56,270
  • Sep 25, 2012 2:07pm Sep 25, 2012 2:07pm
Quoting lumesh
Sure, just 17 weeks later

actually, that wasn't my concern. I just wanted his opinion about if, when and why they should or should not get filled.
It's entirely up to the market. It's not an exact science.
  • #56,271
  • Sep 25, 2012 2:15pm Sep 25, 2012 2:15pm
Quoting Ken A
Only when coffee is too expensive to consume
or creamer.... just sayin...
  • #56,272
  • Sep 25, 2012 2:16pm Sep 25, 2012 2:16pm
Quoting lumesh
thanks a million, buddy. Truly appreciate it.

Now, since you really are a nice guy i'm gonna ask for your explanation about the re-test of previous supports/resistances. Namely, am i correct in assuming that you expect most of the untested areas to be tested some time in the future (an example of untested area at 1.2650 on E/U) ?

Is there any specific timeframe you where you get more reliable re-test or you pretty much expect this even on a 5min chart as well ?

Also, i attached a G/U chart with S/R levels, all of which were left untested....
You have to look at it in the context of the time frame.
The small support pullbacks you circled in red do not count in this time frame because they do not meet the criteria of a swing.

The annotations I added are in the context of the current time frame.

Attached Image (click to enlarge)
Click to Enlarge Name: GU.png Size: 33 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #56,273
  • Sep 25, 2012 2:19pm Sep 25, 2012 2:19pm
Quoting Ken A
E/U still holding strong @ 1.2900.

Other USD pairs are still going down.
1.2900 (or actually 1.2880) is the last line of Bull defences. It's like the 50 yard line (or 55 yard in CFL)
Those who say it cannot be done should not interrupt those who are doing it
  • #56,274
  • Sep 25, 2012 2:30pm Sep 25, 2012 2:30pm
Quoting PipTrapper
1.2900 (or actually 1.2880) is the last line of Bull defences. It's like the 50 yard line (or 55 yard in CFL)
Why can't Canadian just stick with 50
  • #56,275
  • Sep 25, 2012 2:44pm Sep 25, 2012 2:44pm
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #56,276
  • Sep 25, 2012 2:52pm Sep 25, 2012 2:52pm
The List Of Reasons For The Risk Aversion Earlier

By Adam Button || September 25, 2012 at 21:49 GMT

- Violent protests in Spain
- The belief Spain won’t ask for aid until ‘the water is up to its neck’
- Apprehension ahead of Spain’s budget on Thursday
- Catalonia announces early elections, seen as referendum on independence
- Caterpillar cuts profit estimates, says global outlook sluggish
- Fed’s Plosser said QE3 probably won’t be effective
- Skai News reports Greece won’t get aid until debt restructured (again)
- WSJ: Cyprus unlikely to get bailout from Russia

On top of that, the US economic news was better-than-expected but when risk didn’t improve, it was a signal to head for the exits.
Those who say it cannot be done should not interrupt those who are doing it
  • #56,277
  • Sep 25, 2012 2:53pm Sep 25, 2012 2:53pm
Quoting PipTrapper
http://www.youtube.com/watch?v=0OXXe9B9THo
Tremendo Relajo!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #56,278
  • Sep 25, 2012 3:01pm Sep 25, 2012 3:01pm
Quoting Ken A
Why can't Canadian just stick with 50
coz they need the extra 10 yards to warm up... It's freezing up there in the great white north.

http://i.thestar.com/images/a2/f7/8e...736e4e65f.jpeg
Those who say it cannot be done should not interrupt those who are doing it
  • #56,279
  • Sep 25, 2012 3:13pm Sep 25, 2012 3:13pm
Quoting foto
TRMZXT,
we do not disagree, I very strongly believe that a sound society is based upon individual achievement with willing participants.

Spain appears to be at the next stage where stresses have built to the point where there is no resolution without a default occuring. How the default gets structured impacts the future existence of the Euro.

When people hunger and have no hope then that is the point of mass civil disobedience. Governments fall and new directions occur. It is plain to see that Spain has not prospered under the Euro and that...
cool... I would agree with that.
  • #56,280
  • Sep 25, 2012 3:21pm Sep 25, 2012 3:21pm
Quoting PipTrapper
The List Of Reasons For The Risk Aversion Earlier

By Adam Button || September 25, 2012 at 21:49 GMT

- Violent protests in Spain
- The belief Spain won’t ask for aid until ‘the water is up to its neck’
- Apprehension ahead of Spain’s budget on Thursday
[i][b][color=darkslateblue]- Catalonia...

I know it is slow right now but it is going down.... The move down and stick at 900 says it all. Hopefully Asia will push it up a little like 25 so I can get more pips on the the way down when London jumps in. :-P
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