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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #61,381
  • Nov 23, 2012 8:13am Nov 23, 2012 8:13am
Quoting ohenry
DP R2 @ 33 is slowing her down..43 is the next key level...should this hour close bearish...Im loading up my shorts for the ride back down..GL
Those who say it cannot be done should not interrupt those who are doing it
  • #61,382
  • Nov 23, 2012 8:14am Nov 23, 2012 8:14am
Good luck all.

Hoping it won't cause any problem to anyone if it won't stay down to 1.24xx next week.
  • #61,383
  • Nov 23, 2012 8:23am Nov 23, 2012 8:23am
Quoting PipTrapper
Good luck buddy. I'm rooting for you.
Thanks PT. Trading smaller than rational in a pryamid formation because as we are witnessing the mkt is irrational..
Trade smaller than rational because the market is irrational...
  • #61,384
  • Nov 23, 2012 8:25am Nov 23, 2012 8:25am
EUR/USD weekly candle looking pretty bullish to me...

This week we didn't see much in the way of buying so I wouldn't expect a major sell off today. 1.312 still stands as next target.
  • #61,385
  • Nov 23, 2012 8:27am Nov 23, 2012 8:27am
Something uncanny about E/U

Inserted Video
  • #61,386
  • Nov 23, 2012 8:29am Nov 23, 2012 8:29am
YEN is coming out of hiding into buying spree.
  • #61,387
  • Nov 23, 2012 8:36am Nov 23, 2012 8:36am
Quoting 100PipsADay
EUR/USD weekly candle looking pretty bullish to me...

This week we didn't see much in the way of buying so I wouldn't expect a major sell off today. 1.312 still stands as next target.
impressive weekly candle !
  • #61,388
  • Nov 23, 2012 8:45am Nov 23, 2012 8:45am
Quoting wingou
impressive weekly candle !
Indeed!

Expecting EUR/USD to be bullish for the next 1-2 weeks.

I guess what I'm saying is I'm not expecting any real "crash" in the markets until the end of the year or early 2013. Anybody have any catalysts besides "bad news" for the EUR which hasn't been affecting it in a negative manner recently anyways?
  • #61,389
  • Nov 23, 2012 8:46am Nov 23, 2012 8:46am
Quoting wingou
impressive weekly candle !
isnt part of this candle due to 2 days of thin liquidity from a non existent US mkt? May have to discount the illusion
Trade smaller than rational because the market is irrational...
  • #61,390
  • Nov 23, 2012 8:52am Nov 23, 2012 8:52am
Quoting EuroTraderJD
isnt part of this candle due to 2 days of thin liquidity from a non existent US mkt? May have to discount the illusion
When i'm saying impressive, I mean impressive because no fundamentals under this move (the start of this upmove is the announcement that no solution has been found to solve greece problem and so the decision is reported on monday)
And yes, I think you're right, this thin liquidity is responsible for this "fake" move IMO
  • #61,391
  • Nov 23, 2012 8:54am Nov 23, 2012 8:54am
does any body consider this up move as the continuation of the rise from 1.20300?
I remember many guys(+10V) talking about eur falling in the last two weeks but against their expectations it's continued its up move
There is no randomness. It is just Chaos, a higher form of order.
  • #61,392
  • Nov 23, 2012 8:55am Nov 23, 2012 8:55am
Quoting 100PipsADay
Indeed!

Expecting EUR/USD to be bullish for the next 1-2 weeks.

I guess what I'm saying is I'm not expecting any real "crash" in the markets until the end of the year or early 2013. Anybody have any catalysts besides "bad news" for the EUR which hasn't been affecting it in a negative manner recently anyways?
In my view you're looking at it inside out.
Instead of thinking along the lines of a catalyst to drive the Euro lower, think in terms of what is driving the Euro higher.. My answer is "Hopium" and in this case it is not just any hopium... it is BS hopium. Add to that the fact that markets are trading on very thin volume, so come Monday, at the very minimum, we should see the entire move up since Wednesday erased. That's my 2 cents worth.
Those who say it cannot be done should not interrupt those who are doing it
  • #61,393
  • Nov 23, 2012 8:57am Nov 23, 2012 8:57am
Quoting wingou
When i'm saying impressive, I mean impressive because no fundamentals under this move (the start of this upmove is the announcement that no solution has been found to solve greece problem and so the decision is reported on monday)
And yes, I think you're right, this thin liquidity is responsible for this "fake" move IMO

Thanks for the clarity. This move over the past few days looks like a bubble.
Trade smaller than rational because the market is irrational...
  • #61,394
  • Nov 23, 2012 8:58am Nov 23, 2012 8:58am
Quoting PipTrapper
In my view you're looking at it inside out.
Instead of thinking along the lines of a catalyst to drive the Euro lower, think in terms of what is driving the Euro higher.. My answer is "Hopium" and in this case it is not just any hopium... it is BS hopium. Add to that the fact that markets are trading on very thin volume, so come Monday, at the very minimum, we should see the entire move up since Wednesday erased. That's my 2 cents worth.
3 cats died!
  • #61,395
  • Nov 23, 2012 8:59am Nov 23, 2012 8:59am
Quoting Pipfull
does any body consider this up move as the continuation of the rise from 1.20300?
I remember many guys(+10V) talking about eur falling in the last two weeks but against their expectations it's continued its up move
Of course any good trader has considered that remote possibility and he/she has positioned accordingly.
This is a business of risk against probabilities. There is no right and wrong. Place your bets and spin the wheel
Those who say it cannot be done should not interrupt those who are doing it
  • #61,396
  • Nov 23, 2012 9:00am Nov 23, 2012 9:00am
Quoting rekon67
3 cats died!
Those who say it cannot be done should not interrupt those who are doing it
  • #61,397
  • Nov 23, 2012 9:01am Nov 23, 2012 9:01am
Quoting EuroTraderJD
Thanks for the clarity. This move over the past few days looks like a bubble.
I dare you to burst it

http://churchfun.com/images/ckx/misc...iantbubble.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #61,398
  • Nov 23, 2012 9:08am Nov 23, 2012 9:08am
Its Time.

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  • #61,399
  • Nov 23, 2012 9:12am Nov 23, 2012 9:12am
Quoting rekon67
Its Time.

Attachment

yes, kissed & said good-bye to each other..

USDX vs EURUSD D1:
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Click to Enlarge Name: EU DX capture-20121123-145315.png Size: 74 KB
  • #61,400
  • Nov 23, 2012 9:15am Nov 23, 2012 9:15am
Quoting cdndollar
yes, kissed & said good-bye to each other..

USDX vs EURUSD D1:
Attachment
impressive .. some more patience
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