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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #60,321
  • Edited 3:01am Nov 8, 2012 2:47am | Edited 3:01am
Quoting PipTrapper
Whilst I do expect a rate cut eventually, I don't think we'll get it today because I do believe that the ECB governing council is more concerned about fixing the breakdown in monetary policy transmission first. Of course I could be wrong, but for me it makes no sense to cut rates for the benefit of those countries who cannot benefit from it with a broken monetary policy transmission channel.
Can you explain this broken monetary policy transmission further please ?


Ok, by the looks of it, it's because private banks lending rate is not correlated to the ECB rate given the current turmoil and peripheral yields
  • #60,322
  • Nov 8, 2012 3:35am Nov 8, 2012 3:35am
wooooooooooooooooooooooooooooooooooo
  • #60,323
  • Nov 8, 2012 3:51am Nov 8, 2012 3:51am
Taking partial profit...
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 17 KB
Bulls Run. Bears Bite. We Profit.
  • #60,324
  • Nov 8, 2012 3:56am Nov 8, 2012 3:56am
Quoting Harpe Eagle
Taking partial profit...
Spain auction: 2015 av yield 3.66 pct (3.956 pct), 2018 4.680 pct, 2032 6.328pct
Wooooohooooo or Boooooohooooo
  • #60,325
  • Nov 8, 2012 4:02am Nov 8, 2012 4:02am
Quoting Harpe Eagle
Taking partial profit...
hello harpe!
  • #60,326
  • Nov 8, 2012 4:14am Nov 8, 2012 4:14am
Quoting RodMca
hello harpe!
Hello rod..how are you bro..?
Bulls Run. Bears Bite. We Profit.
  • #60,327
  • Nov 8, 2012 4:19am Nov 8, 2012 4:19am
Quoting Harpe Eagle
Hello rod..how are you bro..?
Good and you? Nice long you have on USD/CAD got in right at the bottom! I missed the big move yesterday but making up for it today short gold and eur hoping to see 1707 in gold to make up for yesterday then the euro is just pocket money then! Hows your trading
  • #60,328
  • Nov 8, 2012 4:39am Nov 8, 2012 4:39am
Quoting lumesh
Can you explain this broken monetary policy transmission further please ?


Ok, by the looks of it, it's because private banks lending rate is not correlated to the ECB rate given the current turmoil and peripheral yields
You just answered your own question.
If you want to know more, call Draghi directly at 1-800-EUR-IRREVERSIBLE
Those who say it cannot be done should not interrupt those who are doing it
  • #60,329
  • Nov 8, 2012 4:45am Nov 8, 2012 4:45am
Quoting PipTrapper
You just answered your own question.
If you want to know more, call Draghi directly at 1-800-EUR-IRREVERSIBLE

aaaahhh, so that's why i didn't get him by the phone.

I dialed 1-800-EURO-PIIGS like 9 times...
  • #60,330
  • Nov 8, 2012 4:46am Nov 8, 2012 4:46am
Quoting Luis Carlos
i bet for rekon
Bet win! Winner gets Loser's woman.

Btw. It was on Real Account.

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  • #60,331
  • Nov 8, 2012 4:51am Nov 8, 2012 4:51am
Hi All,

I have seen from the oanda chart that at 1.2700 there are many open orders, the daily fibo support is also at 1.2707, do you think that PA will sink or bounce?

[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/IMPOST%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/IMPOST%7E1/Temp/moz-screenshot-1.png[/IMG]
Attached Image (click to enlarge)
Click to Enlarge Name: S_R_level.GIF Size: 15 KB
  • #60,332
  • Nov 8, 2012 5:09am Nov 8, 2012 5:09am
Quoting Luis Carlos
i bet for rekon
Go rekon
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #60,333
  • Nov 8, 2012 5:20am Nov 8, 2012 5:20am
Quoting aldus011
Hi All,

I have seen from the oanda chart that at 1.2700 there are many open orders, the daily fibo support is also at 1.2707, do you think that PA will sink or bounce?

[IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/IMPOST%7E1/Temp/moz-screenshot.png[/IMG][IMG]file:///C:/DOCUME%7E1/ADMINI%7E1/IMPOST%7E1/Temp/moz-screenshot-1.png[/IMG]

Those stops start to accumulate ONCE the orders of 2700 are cleared. Those who buy at 2700 (in your oanda example) need to get out somewhere, don't they ?
  • #60,334
  • Nov 8, 2012 5:36am Nov 8, 2012 5:36am
Quoting PipTrapper
Good morning fellow traders...

Technically, the EUR/USD has well cleared the major support hurdle at 1.2802 with two consecutive daily closes below. Whilst we still have significant support to chew through below current levels, my sights are still set on the primary target of 1.2658 for the measured move off the head and shoulders formation I have been mentioning since Friday. A daily close above 1.2802 delays my bearish outlook, however, any rallies above 1.28 from here forward should be very well capped and I will be selling into them...
You have highlighted that the MACD was turning up even though price was going down, what is the interepration of this? Is this a bullish or bearish divergence in play?
  • #60,335
  • Nov 8, 2012 6:16am Nov 8, 2012 6:16am
Quoting Unknownpips
You have highlighted that the MACD was turning up even though price was going down, what is the interepration of this? Is this a bullish or bearish divergence in play?
Reverse bearish divergence

Add: ie price making lower highs while macd making higher highs
The spoken word is your master, the unspoken word your slave.
  • #60,336
  • Edited 6:46am Nov 8, 2012 6:35am | Edited 6:46am
ECB might cut interest rate in 15 mins. Put on your seat belt

No cut it remains 0.75%.
  • #60,337
  • Nov 8, 2012 6:51am Nov 8, 2012 6:51am
Quoting RodMca
Good and you? Nice long you have on USD/CAD got in right at the bottom! I missed the big move yesterday but making up for it today short gold and eur hoping to see 1707 in gold to make up for yesterday then the euro is just pocket money then! Hows your trading
I am good..Nice I am also seeing e/u lower and first target is exactly PT's target....I have a short on gold from 1729 and want to see 1677 ...cancelled take profit 1.5935 on g/u
Bulls Run. Bears Bite. We Profit.
  • #60,338
  • Nov 8, 2012 7:04am Nov 8, 2012 7:04am
PT wrt cable are u still targeting 5902 or are u aiming lower?
Those that say do not know. Those that know do not say.
  • #60,339
  • Nov 8, 2012 7:10am Nov 8, 2012 7:10am
Quoting ohenry
PT wrt cable are u still targeting 5902 or are u aiming lower?
I think cable will fall to 1.586-45 where daily 100sma and 200sma MA are waiting
  • #60,340
  • Nov 8, 2012 7:15am Nov 8, 2012 7:15am
Quoting ohenry
PT wrt cable are u still targeting 5902 or are u aiming lower?
5902 is where I take partial profit. From there I let the rest ride and look to fade the next swing high. I see a very bullish scenario for USD over the coming weeks into year end. The risk markets are overbloated on hopium so it's high time for the bubble to let out some air before it bursts.
Those who say it cannot be done should not interrupt those who are doing it
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