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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #58,341
  • Oct 10, 2012 4:55pm Oct 10, 2012 4:55pm
Quoting Ken A
Dollar is having a nice gain. All major pairs decline.
Thats Nice. i luv that.
forexpillariscipline & patience Trader
  • #58,342
  • Oct 10, 2012 5:12pm Oct 10, 2012 5:12pm
Ain't she just purty!

This ought to help with the underwaters at lower level!
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  • #58,343
  • Oct 10, 2012 5:14pm Oct 10, 2012 5:14pm
champagne is on me guys

actually, maybe the longs should be buying
Any prices quoted are futures
  • #58,344
  • Oct 10, 2012 5:15pm Oct 10, 2012 5:15pm
Quoting Gofer Pips
Ain't she just purty!

This ought to help with the underwaters at lower level!

gofer... wtg my man

http://clip2net.com/s/2nSFC

i know PT and catwoman caught this thing higher than we did... kudos to them for sure!
  • #58,345
  • Oct 10, 2012 5:15pm Oct 10, 2012 5:15pm
Glad everyone is having green.
  • #58,346
  • Oct 10, 2012 5:18pm Oct 10, 2012 5:18pm
Quoting Wulfgar
agreed.. but we still need to clear the 2750/2816 level we discussed earlier..
Those are only speed bumps now. If any bulls jump in at those levels for anything more than a scalp, we'll be smelling road kill in no time.
Those who say it cannot be done should not interrupt those who are doing it
  • #58,347
  • Oct 10, 2012 5:20pm Oct 10, 2012 5:20pm
Mhm, I would say, not so fast bears.

Rajoy has so far avoided humiliation of Spain and didnt ask for bailout, because yields were down. This event could spike them up.

Nevertheless, there is this little fact here that Spanish 10y bonds barely moved. Imo this says it all. Insolvency of Spain is already priced in and the one and only investor in Spanish bonds remains the same. ECB.

So in effect, this news imo had only short term impact. Nothing fundamentally changed. It is still CBs union against sanity.

T
"I know one thing, that I know nothing." Sokrates
  • #58,348
  • Oct 10, 2012 5:21pm Oct 10, 2012 5:21pm
Quoting PipTrapper
Those are only speed bumps now. If any bulls jump in at those levels for anything more than a scalp, we'll be smelling road kill in no time.
Intervention to prevent the drop possible?
  • #58,349
  • Oct 10, 2012 5:24pm Oct 10, 2012 5:24pm
Quoting Gofer Pips
Ain't she just purty!

This ought to help with the underwaters at lower level!
well done, you played the recent movement very well!
Any prices quoted are futures
  • #58,350
  • Oct 10, 2012 5:26pm Oct 10, 2012 5:26pm
Btw, who´s the scalper here? . I have lowered size of entries four times, since I really wasnt comfortable with loosing 1% on scalping nonscence, but still, muahahahaa.
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"I know one thing, that I know nothing." Sokrates
  • #58,351
  • Oct 10, 2012 5:29pm Oct 10, 2012 5:29pm
Quoting Tom_D_Trader
Btw, who´s the scalper here? . I have lowered size of entries four times, since I really wasnt comfortable with loosing 1% on scalping nonscence, but still, muahahahaa.
Ha scalping long. Target 2.0?
  • #58,352
  • Oct 10, 2012 5:31pm Oct 10, 2012 5:31pm
Quoting Ken A
Intervention to prevent the drop possible?
Only if Spain applies for bailout and meets all the conditions. Then yes, the ECB will jump in and buy short dated bonds. However Rajoy is unlikely to do it until after the elections in a couple of weeks. Until then I think we have a free ride.

Even so, ECB buying will only have a temporary bullish effect. In the end, down we go.
Those who say it cannot be done should not interrupt those who are doing it
  • #58,353
  • Oct 10, 2012 5:31pm Oct 10, 2012 5:31pm
well... I got in at 1.2903 and just left it alone today. Had a feeling it was going to just test up today with little movement. YEP! This baby is going down. WAAAY down. No real scalping just going to let this one run at least to 1.28 Been watching Gold which was another reason I just put one order in.
  • #58,354
  • Oct 10, 2012 5:33pm Oct 10, 2012 5:33pm
Quoting PipTrapper
Only if Spain applies for bailout and meets all the conditions. Then yes, the ECB will jump in and buy short dated bonds. However Rajoy is unlikely to do it until after the elections in a couple of weeks. Until then I think we have a free ride.

Even so, ECB buying will only have a temporary bullish effect. In the end, down we go.
Let's hope so. It's been a while haven't seen +200-300 pips for E/U
  • #58,355
  • Oct 10, 2012 5:34pm Oct 10, 2012 5:34pm
Quoting Tom_D_Trader
Btw, who´s the scalper here? . I have lowered size of entries four times, since I really wasnt comfortable with loosing 1% on scalping nonscence, but still, muahahahaa.

lol. nice. I love scalping. Don't know it I could trade anything else. Don't have the patience to watch my account go up and down and all those pips going bye bye.
  • #58,356
  • Oct 10, 2012 5:34pm Oct 10, 2012 5:34pm
Quoting Ken A
Ha scalping long. Target 2.0?
I am just practicing entries, not a big deal here. This event really could send us a bit more down + if you take into account yesterdays very strong bearish candle + the fact we are below daily open today, these longs aint very smart and I will close them very soon. They are already locked at BE. I just entered because I had strong support there, but will be out if I get 20 -30 pips.

T
"I know one thing, that I know nothing." Sokrates
  • #58,357
  • Oct 10, 2012 5:36pm Oct 10, 2012 5:36pm
Quoting Tom_D_Trader
I am just practicing entries, not a big deal here. This event really could send us a bit more down + if you take into account yesterdays very strong bearish candle + the fact we are below daily open today, these longs aint very smart and I will close them very soon. They are already locked at BE. I just entered because I had strong support there, but will be out if I get 20 -30 pips.

T
And we haven't tested latest lows yet at 1.2804.
  • #58,358
  • Oct 10, 2012 5:40pm Oct 10, 2012 5:40pm
Quoting Ken A
And we haven't tested latest lows yet at 1.2804.
And we wont, because it is under Quarterly close. I hope . If we do retest Q close, I may have a look at that martingale bastard. I´ve heard it is great way to ruin your life.
"I know one thing, that I know nothing." Sokrates
  • #58,359
  • Oct 10, 2012 5:45pm Oct 10, 2012 5:45pm
Quoting Tom_D_Trader
And we wont, because it is under Quarterly close. I hope . If we do retest Q close, I may have a look at that martingale bastard. I´ve heard it is great way to ruin your life.
Have a look at the USDX hourly 3 big candles

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  • #58,360
  • Oct 10, 2012 5:45pm Oct 10, 2012 5:45pm
Quoting Tom_D_Trader
I am just practicing entries, not a big deal here. This event really could send us a bit more down + if you take into account yesterdays very strong bearish candle + the fact we are below daily open today, these longs aint very smart and I will close them very soon. They are already locked at BE. I just entered because I had strong support there, but will be out if I get 20 -30 pips.

T

we may visit 65-75 but I would not bet on much higher. Usually Asia ranges but today and the way PA has been I would not be surprised if they pushed it a little lower and ranged a little while London pushes it to the bottom and possibly lower.
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