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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #59,901
  • Nov 2, 2012 8:23am Nov 2, 2012 8:23am
Hi guys,

I already have two broken weekly supports at 29316 and 2903, now small stuck at Daily support at 2855 and fast approaching monthly 282. I dont think that one will be broken, but in fact I didnt think we will be down here, so...

Hope you caught the move,

T
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"I know one thing, that I know nothing." Sokrates
  • #59,902
  • Nov 2, 2012 8:26am Nov 2, 2012 8:26am
I'm glad euro is no longer seen as "risk-on" play. Gold breaking down below key level, USDx breaking up.

welcome back to sensible paradigm
TRADE FOR SWAP
  • #59,903
  • Nov 2, 2012 8:28am Nov 2, 2012 8:28am
I am short from 1.2788 looking for a breakout from this 44 day consolidation.
  • #59,904
  • Nov 2, 2012 8:29am Nov 2, 2012 8:29am
Quoting Kissa
I am short from 1.2788 looking for a breakout from this 44 day consolidation.
2788? Is that a typo or have you been short since September?
Those who say it cannot be done should not interrupt those who are doing it
  • #59,905
  • Nov 2, 2012 8:30am Nov 2, 2012 8:30am
Quoting Tom_D_Trader
Hi guys,

I already have two broken weekly supports at 29316 and 2903, now small stuck at Daily support at 2855 and fast approaching monthly 282. I dont think that one will be broken, but in fact I didnt think we will be down here, so...

Hope you caught the move,

T
Hey Tom,

Hope you got out of those longs okay.

Yes quite a few rides down on quite a few pairs. I do think Moody's needs to downgrade Canadian banks though if for any reason but to help out my U/W USD/CAD longs
  • #59,906
  • Nov 2, 2012 8:31am Nov 2, 2012 8:31am
Quoting PipTrapper
2788? Is that a typo or have you been short since September?
Typo meant sell stop set.
  • #59,907
  • Nov 2, 2012 8:32am Nov 2, 2012 8:32am
Can someone explain to me why usd/cad is falling? I'm completely confused with that one
  • #59,908
  • Nov 2, 2012 8:33am Nov 2, 2012 8:33am
Quoting PipTrapper
2788? Is that a typo or have you been short since September?
I've been short all my life!
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  • #59,909
  • Nov 2, 2012 8:35am Nov 2, 2012 8:35am
Quoting RodMca
Can someone explain to me why usd/cad is falling? I'm completely confused with that one
Not sure, could be election season winding down and as such they're anticipating a gas shortage!
  • #59,910
  • Nov 2, 2012 8:41am Nov 2, 2012 8:41am
Quoting Gofer Pips
Not sure, could be election season winding down and as such they're anticipating a gas shortage!
well I suppose that makes sense or perhaps Romney will get into power and they'll never be short of gas so long as he remains in office!
  • #59,911
  • Nov 2, 2012 8:47am Nov 2, 2012 8:47am
Quoting RodMca
Can someone explain to me why usd/cad is falling? I'm completely confused with that one
it's a combo shot.
1. Oil rallied, so obviously so did CAD and AUD
2. What's good for US is good for Canada. US is Canada's largest export market and lack of exports are the only thing holding Canada's economy back.

However, regardless of the above, the CAD will lose steam as USD gets stronger and CAD levels off.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,912
  • Nov 2, 2012 8:49am Nov 2, 2012 8:49am
Quoting Gofer Pips
Hey Tom,

Hope you got out of those longs okay.

Yes quite a few rides down on quite a few pairs. I do think Moody's needs to downgrade Canadian banks though if for any reason but to help out my U/W USD/CAD longs
I got out when 2957 broke down, @ 295, 0,5% profit. But I lost 0,2% when 2903 broke down, so, just a pocket change trading here.

I wish I got into those Canadian fundamentals, I still dont understand much of what are you talking about here . The only things I know about Canadian banking system come from a 12 y old girl.

T

Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #59,913
  • Nov 2, 2012 8:50am Nov 2, 2012 8:50am
Quoting PipTrapper
it's a combo shot.
1. Oil rallied, so obviously so did CAD and AUD
2. What's good for US is good for Canada. US is Canada's largest export market and lack of exports are the only thing holding Canada's economy back.

However, regardless of the above, the CAD will lose steam as USD gets stronger and CAD levels off.
Well I'm a little under water with my long but not too worried I'm still long u/j and short eur/usd and plan on holding till I get some long setup on the weekly which doesn't look like it'll come soon
  • #59,914
  • Nov 2, 2012 8:55am Nov 2, 2012 8:55am
EUR/TRY update: weekly close below 2.2900 and I don't see significant resistance for >1000 pips (swap 25.80 - adjusted daily by CB)
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  • #59,915
  • Nov 2, 2012 9:14am Nov 2, 2012 9:14am
Quoting Tom_D_Trader
I got out when 2957 broke down, @ 295, 0,5% profit. But I lost 0,2% when 2903 broke down, so, just a pocket change trading here.

I wish I got into those Canadian fundamentals, I still dont understand much of what are you talking about here . The only things I know about Canadian banking system come from a 12 y old girl.

T

http://www.youtube.com/watch?v=_ae7h8FioX0
I love that video. She hit the nail on the head for a kid..... even for some of the idiot adults
  • #59,916
  • Nov 2, 2012 9:23am Nov 2, 2012 9:23am
My outlook for USDX

USDX Daily:
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Those who say it cannot be done should not interrupt those who are doing it
  • #59,917
  • Nov 2, 2012 9:26am Nov 2, 2012 9:26am
like that chart.

If I were the ECB I'd be pleased to see 1.2 or below, in the context of sustainable (albeit modest) growth in the US = exports.

My prediction is for 1.2 by end of year.

(2.20 for EUR/TRY )
TRADE FOR SWAP
  • #59,918
  • Nov 2, 2012 10:09am Nov 2, 2012 10:09am
One successful cycle closed.

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  • #59,919
  • Nov 2, 2012 10:11am Nov 2, 2012 10:11am
Quoting rekon67
One successful cycle closed.

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Those who say it cannot be done should not interrupt those who are doing it
  • #59,920
  • Nov 2, 2012 10:13am Nov 2, 2012 10:13am
Quoting rekon67
One successful cycle closed.

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Mine is getting there...

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Those who say it cannot be done should not interrupt those who are doing it
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