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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #62,201
  • Dec 4, 2012 6:38am Dec 4, 2012 6:38am
Quoting lumesh
PT, do you trade bonds ?

Spanish bond price make me greedy


Not selling it though...was wondering if you are.
No I don't trade bonds simply because my broker does not offer any such instruments and with currencies, crude, gold, silver and equity indices, I have more than enough on my plate.

My philosophy is to focus on only a few things and become very good at them. "Jack of few trades and master of some" (as opposed to "jack of all trades and master of none")
Those who say it cannot be done should not interrupt those who are doing it
  • #62,202
  • Dec 4, 2012 6:50am Dec 4, 2012 6:50am
I dont understand why the BIS would want to keep buying the Euro pushing it higher every day.

zerohedge ‏@zerohedge BIS is in da house
Trade smaller than rational because the market is irrational...
  • #62,203
  • Dec 4, 2012 6:50am Dec 4, 2012 6:50am
Allthough I think there is an expiry @ 3100 for 10A EST
Trade smaller than rational because the market is irrational...
  • #62,204
  • Dec 4, 2012 6:55am Dec 4, 2012 6:55am

  1. Expected large EUR/USD offer at 1.3090 does not materialize
  2. Instead, traders see order books more heavily weighted to stops
  3. Offers expected due to 1.3100 barrier, but larger stops said on break
  4. No market-stopping resistance or orders eyed until 1.3140
  5. 1.3140 Oct 17 high. Talk of 1.3150 barrier, larger corp offers in that area

Trade smaller than rational because the market is irrational...
  • #62,205
  • Dec 4, 2012 7:03am Dec 4, 2012 7:03am
Quoting EuroTraderJD

  1. Expected large EUR/USD offer at 1.3090 does not materialize
  2. Instead, traders see order books more heavily weighted to stops
  3. Offers expected due to 1.3100 barrier, but larger stops said on break
  4. No market-stopping resistance or orders eyed until 1.3140
  5. 1.3140 Oct 17 high. Talk of 1.3150 barrier, larger corp offers in that area

Bummer!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #62,206
  • Dec 4, 2012 7:05am Dec 4, 2012 7:05am
Quoting lumesh
easy with the conspiracy.

everyone is long also

looks like kilgore was right
  • #62,207
  • Dec 4, 2012 7:05am Dec 4, 2012 7:05am
Quoting PipTrapper
Bummer!!!
Mr. Market wants to give us a REALLY good level to short from as a holiday gift.
Trade smaller than rational because the market is irrational...
  • #62,208
  • Dec 4, 2012 7:12am Dec 4, 2012 7:12am
PT called it...

From Zerohedge

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Deutsche Bank: A 15%-35% "Hope" Premium Is Now Priced In

Confused by the recent surge of capital into Europe (which somehow is supposed to indicate that all is well because local stock and bond markets are faring better)? Don't be: it is merely the latest and greatest manifestation of that most prevalent of New Normal investment strategies: hope. Hope that this time it is different, and that the latest injection of capital from the Fed via QE3 coupled with the OMT perpetual backstop of liquidity via the ECB (still merely at the beta stage: expansion to actual gold/production phase TBD) will kick start the European economies. Alas, it won't, at least not until Europe actually undergoes the inevitable internal devaluation
Trade smaller than rational because the market is irrational...
  • #62,209
  • Dec 4, 2012 7:31am Dec 4, 2012 7:31am
http://www.zerohedge.com/news/2012-1...zation-america

Interesting reading
  • #62,210
  • Dec 4, 2012 7:36am Dec 4, 2012 7:36am
So what is the conclusion here? Other than to short with leverage < 1.

So many articles but none stated where's the highs.
  • #62,211
  • Dec 4, 2012 7:36am Dec 4, 2012 7:36am
Quoting wingou
http://www.zerohedge.com/news/2012-1...zation-america

Interesting reading
Mark Grant has been ahead of the curve for years.
Trade smaller than rational because the market is irrational...
  • #62,212
  • Dec 4, 2012 7:39am Dec 4, 2012 7:39am
Quoting EuroTraderJD
Mr. Market wants to give us a REALLY good level to short from as a holiday gift.
Certainly. I suppose Price may reach 1.313X area prior to a drop. Patiently waiting for short at this stage. Let PA decide the direction.
  • #62,213
  • Dec 4, 2012 8:06am Dec 4, 2012 8:06am
Quoting robertrfx
Certainly. I suppose Price may reach 1.313X area prior to a drop. Patiently waiting for short at this stage. Let PA decide the direction.
Patience is one of my BIG tools in my trader's tool box. In real estate its location location. In trading its the same thing. Funny how life imitates trading.
Trade smaller than rational because the market is irrational...
  • #62,214
  • Dec 4, 2012 8:21am Dec 4, 2012 8:21am
E at Daily R1
Trade smaller than rational because the market is irrational...
  • #62,215
  • Dec 4, 2012 8:30am Dec 4, 2012 8:30am
Quoting EuroTraderJD
Patience is one of my BIG tools in my trader's tool box. In real estate its location location. In trading its the same thing. Funny how life imitates trading.
Agreed, without patience you are never going to make a successful trader....

I'm now waiting for the open of the NYSE to see if its time to hit the T2 fib expansion (.618) or today's R1. Either way, I banked partials on the last spike up above the 3100 level, leaving some longs open
Attached Image (click to enlarge)
Click to Enlarge Name: dec 4 € hrly 1430 gmt.gif Size: 29 KB
Trading Levels with WRBs
  • #62,216
  • Dec 4, 2012 8:32am Dec 4, 2012 8:32am
Quoting EuroTraderJD
PT called it...

From Zerohedge

http://www.zerohedge.com/sites/defau.../picture-5.jpg
Deutsche Bank: A 15%-35% "Hope" Premium Is Now Priced In

Confused by the recent surge of capital into Europe (which somehow is supposed to indicate that all is well because local stock and bond markets are faring better)? Don't be: it is merely the latest...
It's very clear to me that ZeroHedge and Deutsche-Bank have been reading EurAnalysis
Those who say it cannot be done should not interrupt those who are doing it
  • #62,217
  • Dec 4, 2012 8:34am Dec 4, 2012 8:34am
Quoting Ken A
So what is the conclusion here? Other than to short with leverage < 1.

So many articles but none stated where's the highs.
I did earlier today... 1.3110. If it breaks then we have 3140, but that should be the max before we at the very minimum get a good correction... but ideally a complete reversal.
Those who say it cannot be done should not interrupt those who are doing it
  • #62,218
  • Dec 4, 2012 8:39am Dec 4, 2012 8:39am
Quoting PipTrapper
It's very clear to me that ZeroHedge and Deutsche-Bank have been reading EurAnalysis
I call it GREAT minds think alike.
Trade smaller than rational because the market is irrational...
  • #62,219
  • Dec 4, 2012 8:44am Dec 4, 2012 8:44am
Quoting EuroTraderJD
I call it GREAT minds think alike.
Funnily enough I tend to agree with Deutsche-Bank most of the time. They seem to have an excellent grasp on what is actually happening behind the scenes. ZeroHedge on the other hand are a bit too radical in their views sometimes. I put them in the same class as Nuriel Roubini (aka Mr. Doomsday)
Those who say it cannot be done should not interrupt those who are doing it
  • #62,220
  • Dec 4, 2012 8:57am Dec 4, 2012 8:57am
Quoting PipTrapper
Funnily enough I tend to agree with Deutsche-Bank most of the time. They seem to have an excellent grasp on what is actually happening behind the scenes. ZeroHedge on the other hand are a bit too radical in their views sometimes. I put them in the same class as Nuriel Roubini (aka Mr. Doomsday)
Funnily enough I tend to agree with Deutsche-Bank most of the time. They seem to have an excellent grasp on what is actually happening behind the scenes.

Agreed

ZeroHedge on the other hand are a bit too radical in their views sometimes. I put them in the same class as Nuriel Roubini (aka Mr. Doomsday)

Radical at times yes. I like their perspective as a counter balance news source however.
ZH Tweets are colored somewhat sarcastically which is comedy relief as financial stuff is dry.

Overall I have gained knowledge of other markets (ie: bonds) from reading the articles over the years.

Pssst..... Some people would say PT is radical at times....
Trade smaller than rational because the market is irrational...
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