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EurAnalysis Kindergarten 24 replies

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  • #58,721
  • Oct 16, 2012 4:34pm Oct 16, 2012 4:34pm
But Eur continues to rally?
  • #58,722
  • Oct 16, 2012 4:36pm Oct 16, 2012 4:36pm
Bad news equals rise in value. I keep reading bad, bad , bad. Seems to equal Good, Good, Good for the Euro????????

&

Caught short again......
Short Euro and remaining that way. That's just the way it is !
  • #58,723
  • Oct 16, 2012 4:49pm Oct 16, 2012 4:49pm
Combination of stock rallies - Dollar sell off.

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  • #58,724
  • Oct 16, 2012 4:51pm Oct 16, 2012 4:51pm
Quoting PipsMaster23
http://www.moodys.com/research/Moody...gns--PR_257500
It's not a downgrade. It's a re-affirmation. Outlook remains negative.

Short again at 1.3093
Those who say it cannot be done should not interrupt those who are doing it
  • #58,725
  • Oct 16, 2012 5:03pm Oct 16, 2012 5:03pm
Quoting PipTrapper
http://www.youtube.com/watch?v=0FxFvQ_NJ3E

http://www.youtube.com/watch?v=4ECi6WJpbzE#!
Just found some time to watch these fantastic documentaries.

First, it is very interesting who is going to burst first Europe or USA and watch it.

Secondly, I am trying to imagine how it would affect us Traders, I mean we are bounded to the financial institutions, markets and etc. Will we have anything to trade except from equities if stocks and currencies will be worthless...?

See you in the morning !
  • #58,726
  • Oct 16, 2012 5:11pm Oct 16, 2012 5:11pm
Quoting lc_invest
Just found some time to watch these fantastic documentaries.

First, it is very interesting who is going to burst first Europe or USA and watch it.

Secondly, I am trying to imagine how it would affect us Traders, I mean we are bounded to the financial institutions, markets and etc. Will we have anything to trade except from equities if stocks and currencies will be worthless...?

See you in the morning !
During times of extreme fear, capital always flows to US bonds. Look what happened in 2008 while the US banking system and mortgage markets were imploding.
Those who say it cannot be done should not interrupt those who are doing it
  • #58,727
  • Oct 16, 2012 5:12pm Oct 16, 2012 5:12pm
Quoting rekon67
Today is the 16th day of the Month. As per the technical study E/U is on right track, holding bullish on Monthly, Weekly, Daily...attempting creating higher highs.

Lets see if it closes the daily above 55MA (1.3000) that would support next day another Green Close.

Congrats. Your wish have come true after 1 week.
  • #58,728
  • Oct 16, 2012 5:19pm Oct 16, 2012 5:19pm
EUR/JPY will shoot to the moon?

Japan PM plans new economic stimulus by end Nov - Kyodo
From reuters.com

Japanese Prime Minister Yoshihiko Noda plans a new round of economic stimulus by the end of next month as the country has entered a lull, Kyodo News reported, quoting sources close to the prime minister. The steps are expected to include measures to curb deflation, ease the yen's appreciation, expand earthquake reconstruction work and relax regulations on businesses, the news agency reported. Noda will hold an extraordinary Cabinet meeting Wednesday to instruct his ministers to map out the plan, Kyodo said. The Japanese government has downgraded its outlook for the economy three times in a row in ... (full story)
  • #58,729
  • Oct 16, 2012 5:20pm Oct 16, 2012 5:20pm
Quoting PipTrapper
During times of extreme fear, capital always flows to US bonds. Look what happened in 2008 while the US banking system and mortgage markets were imploding.

I believe the situation will be a bit different this time. The banks were the ones who were blamed for and suffered, so people and investors were running to safe heavens from all the markets and anything that can possibly hurt them financially. The bonds must have had a different meaning, a meaning of safe investments...

In this case ( I am going to quote one of the videos) " it is going to be the country which will have to be be bailed out not the banks" so I would not think that the Bonds will be treated in the same manner.
  • #58,730
  • Oct 16, 2012 5:23pm Oct 16, 2012 5:23pm
Quoting lc_invest
I believe the situation will be a bit different this time. The banks were the ones who were blamed for and suffered, so people and investors were running to safe heavens from all the markets and anything that can possibly hurt them financially. The bonds must have had a different meaning, a meaning of safe investments...

In this case ( I am going to quote one of the videos) " it is going to be the country which will have to be be bailed out not the banks" so I would not think that the Bonds will be treated in the same manner.
What is mentioned in that video is something that will take a decade or two to play out. By then maybe the EuroZone will have it's shite sorted out. If not, then it will in fact be the US bonds. There's nowhere else to go.
Those who say it cannot be done should not interrupt those who are doing it
  • #58,731
  • Oct 16, 2012 5:26pm Oct 16, 2012 5:26pm
Quoting PipTrapper
What is mentioned in that video is something that will take a decade or two to play out. By then maybe the EuroZone will have it's shite sorted out. If not, then it will in fact be the US bonds. There's nowhere else to go.
China http://www.forexfactory.com/images/icons/icon10.gif
  • #58,732
  • Oct 16, 2012 5:28pm Oct 16, 2012 5:28pm
Quoting Ken A
Congrats. Your wish have come true after 1 week.
I see this as a set up for the big money taking long term positions before a fundamental event. I am not sure about the final outcome, but lets take example of US election and price may continue rally up before the event and big players get a secure position on Sale, before that smart money uses low volume market to inject favourable volume to rally up the price.

Anyways it would be a good swing for me if price reaches 1.3180 zone and I would happily build my Sale posions thereafter on my Live account.

  • #58,733
  • Oct 16, 2012 5:29pm Oct 16, 2012 5:29pm
Quoting Ken A
EUR/JPY will shoot to the moon?

Japan PM plans new economic stimulus by end Nov - Kyodo
From reuters.com

Japanese Prime Minister Yoshihiko Noda plans a new round of economic stimulus by the end of next month as the country has entered a lull, Kyodo News reported, quoting sources close to the prime minister. The steps are expected to include measures to curb deflation, ease the yen's appreciation, expand earthquake reconstruction work and relax regulations on businesses, the news agency reported. Noda will hold an extraordinary Cabinet meeting...
Be careful, Daily chart almost reached the resistance level of 103.41.
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  • #58,734
  • Oct 16, 2012 5:33pm Oct 16, 2012 5:33pm
Quoting lc_invest
Be careful, Daily chart almost reached the resistance level of 103.41.
Yeah that could just another BB communication tools to weaken the Yen and without doing anything.
  • #58,735
  • Oct 16, 2012 5:35pm Oct 16, 2012 5:35pm
its not good to enter new position now,instead you trail your position & wait to see if bullish continuation or a retracement.
forexpillariscipline & patience Trader
  • #58,736
  • Oct 16, 2012 5:38pm Oct 16, 2012 5:38pm
Quoting rekon67
I see this as a set up for the big money taking long term positions before a fundamental event. I am not sure about the final outcome, but lets take example of US election and price may continue rally up before the event and big players get a secure position on Sale, before that smart money uses low volume market to inject favourable volume to rally up the price.

Anyways it would be a good swing for me if price reaches 1.3180 zone and I would happily build my Sale posions thereafter on my Live account.

I think PT is doing this so he can short from higher up.
  • #58,737
  • Oct 16, 2012 5:42pm Oct 16, 2012 5:42pm
Quoting Ken A
I think PT is doing this so he can short from higher up.
Have not seen his Hammer for Long time.
  • #58,738
  • Oct 16, 2012 5:47pm Oct 16, 2012 5:47pm
Quoting rekon67
Have not seen his Hammer for Long time.
Let him sleep. This hour is way passes his bed time
  • #58,739
  • Oct 16, 2012 5:54pm Oct 16, 2012 5:54pm
I took this picture on early US session just to show an example later. It says should not enter Short when the Alligator is hungry and its mouth is wide open.

Attached Image (click to enlarge)
Click to Enlarge Name: Aligator_EU.JPG Size: 112 KB
  • #58,740
  • Oct 16, 2012 5:58pm Oct 16, 2012 5:58pm
Price reaching 1.3160 would complete a "W" on Daily.
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