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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #57,661
  • Oct 4, 2012 8:45am Oct 4, 2012 8:45am
Quoting PipTrapper
Well it hasn't hit 1.3 yet, so I think you already have your answer

BTW I am short at 2984
yeah I know. Thought his broker might have had a odd spike.
  • #57,662
  • Oct 4, 2012 8:46am Oct 4, 2012 8:46am
Quoting PipTrapper

BTW I am short at 2984
Good call PT.. 50% retrace from Sept H to the L of this month so far!
Those that say do not know. Those that know do not say.
  • #57,663
  • Oct 4, 2012 8:49am Oct 4, 2012 8:49am
I see this hitting 1.302x Selling at that point. Selling at 1.3 or so. If it hits 1.3 I am not sure what I am going to do. Probably sell half. Most of the time though you hit short a few pips of the 100 level. The 100 level is not resistance anymore so it may just pop through hard. Will watch PA to see if 1.2990-95 is support or not. Right now they are building 70-75 as support it seems.
  • #57,664
  • Edited 9:09am Oct 4, 2012 8:54am | Edited 9:09am
Quoting gnomoneey
are you saying long au at 1.01 0r 1.0?

i have au bouncing from 1.0166 but 1.0183 could be the end for now...lets see what happens...but if it breaks below 1.016x we will go to at least 0.9668

if that is the case we go lower we will see 1.22 eu
No, I mean to short EUR/AUD when AUD/USD is at around 1.01 or parity. AUD/USD drops from 1.0470 prior to rate cut to current level. And if things are not going well in Aussie and China, parity is imminent and that will boost EUR/AUD and GBP/AUD. So imho, not a very good timing to short E/A unless with a very wide stops.

AUD/USD drops but EUR/USD gains because economy outlooks in Ausssie and China.

Perhaps I am biased because I have many longs EUR/AUD

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  • #57,665
  • Oct 4, 2012 8:56am Oct 4, 2012 8:56am
draghi didnt give the market what they wanted i guess according to last months meeting, i think market started pricing tomorrows us data if this pair cant go above 1.30 it will try to break last days resistance which is now support 1.2970-1.2960 area and tomorrows data may take the pair down more a bit coz it expected good.
  • #57,666
  • Oct 4, 2012 9:01am Oct 4, 2012 9:01am
1.2940 support as of now, not able to see any further down. Tomorrow @ NFP will have the decider 1.30 + or Smack-Back Down.
  • #57,667
  • Oct 4, 2012 9:15am Oct 4, 2012 9:15am
Just to ADD one extra caution, todays candle may close as a Marubozu, so the Sellers be aware!
  • #57,668
  • Oct 4, 2012 9:15am Oct 4, 2012 9:15am
Quoting gnomoneey
yes i know that's the neckline...but short term ea can go lower to at 1.26

increased for the week from 1.2364 to current of 1.27 is quite a big candle...a retrace tomorrow or next week is due...don't you think?
Yes I think the same a retrace...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #57,669
  • Oct 4, 2012 9:19am Oct 4, 2012 9:19am
Quoting rekon67
1.2940 support as of now, not able to see any further down. Tomorrow @ NFP will have the decider 1.30 + or Smack-Back Down.
Don't forget the FOMC minutes later today. Not that I expect too much from them, but one never knows. Especially with all the little things the market has been overreacting to lately.
Those who say it cannot be done should not interrupt those who are doing it
  • #57,670
  • Oct 4, 2012 9:22am Oct 4, 2012 9:22am
Quoting PipTrapper
Well it hasn't hit 1.3 yet, so I think you already have your answer

BTW I am short at 2984
Yes, we was talking about euro aussie.

I would like to see 1.3030/40 euro dollar before 1.275 a then 1.34
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #57,671
  • Oct 4, 2012 9:22am Oct 4, 2012 9:22am
Quoting PipTrapper
Don't forget the FOMC minutes later today. Not that I expect too much from them, but one never knows. Especially with all the little things the market has been overreacting to lately.
What is the GMT time for the news, PT?
  • #57,672
  • Oct 4, 2012 9:25am Oct 4, 2012 9:25am
Quoting rekon67
What is the GMT time for the news, PT?
3hrs 35min from now
Wooooohooooo or Boooooohooooo
  • #57,673
  • Oct 4, 2012 9:28am Oct 4, 2012 9:28am
Quoting gnomoneey
3hrs 35min from now
Thanks
  • #57,674
  • Oct 4, 2012 9:50am Oct 4, 2012 9:50am
Playing with FIB part1
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #57,675
  • Oct 4, 2012 9:54am Oct 4, 2012 9:54am
Playing with fib part2
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #57,676
  • Oct 4, 2012 9:56am Oct 4, 2012 9:56am
Quoting Luis Carlos
Playing with fib part2
Interested in the Holy-Shit line.
  • #57,677
  • Oct 4, 2012 10:01am Oct 4, 2012 10:01am
USD is getting a crane kick.
Inflation in things we need, Deflation in things we want.
  • #57,678
  • Oct 4, 2012 10:05am Oct 4, 2012 10:05am
Quoting Thijs
USD is getting a crane kick.
October Month, Historical evidences.
  • #57,679
  • Edited 10:08am Oct 4, 2012 10:06am | Edited 10:08am
yes 1.30 it is,psyco level and Break line of H&S early this year,but dont think will hold,PA might come back to 50%fib level (from sept high 1.31 to oct 1st low @ 1.28)..
Life is beautiful the way you dress it.
  • #57,680
  • Oct 4, 2012 10:17am Oct 4, 2012 10:17am
Quoting Thijs
USD is getting a crane kick.
It was pushed down by GBP and Euro keeps adjusting.
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