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EurAnalysis Kindergarten 24 replies

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  • #62,601
  • Dec 7, 2012 11:26am Dec 7, 2012 11:26am
PT, come one! Its time to open Friday's bottle already!)
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  • #62,602
  • Dec 7, 2012 11:57am Dec 7, 2012 11:57am
Quoting Likerty
PT, come one! Its time to open Friday's bottle already!)
I'm already sipping on my Glenfiddich scotch (neat) and I must say I'm rather enjoying it.

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Those who say it cannot be done should not interrupt those who are doing it
  • #62,603
  • Dec 7, 2012 12:06pm Dec 7, 2012 12:06pm
Quoting PipTrapper
I'm already sipping on my Glenfiddich scotch (neat) and I must say I'm rather enjoying it.

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Oghh I surely love that kind of spirits! Just here in Lithuania these worldwide brands are way overpriced...
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  • #62,604
  • Dec 7, 2012 12:09pm Dec 7, 2012 12:09pm
Quoting PipTrapper
I'm already sipping on my Glenfiddich scotch (neat) and I must say I'm rather enjoying it.

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Congrats PT....hopefully its the 21yr old bottle not 18yrs, as you deserve the best
Wooooohooooo or Boooooohooooo
  • #62,605
  • Dec 7, 2012 12:13pm Dec 7, 2012 12:13pm
Quoting PipTrapper
I'm already sipping on my Glenfiddich scotch (neat) and I must say I'm rather enjoying it.

Attachment

Although it is bit too early here in GTA, but still it is nice to notice the same taste,

both in beverage as well as enjoying it neat.

Cheers !!!.

(BTW, Donald Trump has shown his utter ignorance and arrogance

by removing Glenfiddich from all his hotels).
  • #62,606
  • Dec 7, 2012 1:23pm Dec 7, 2012 1:23pm
Quoting gnomoneey
Congrats PT....hopefully its the 21yr old bottle not 18yrs, as you deserve the best
You can bet your boots on that. My favorite. Wouldn't settle for anything less... and to top it off, it's the 100th anniversary version in the special decanter

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Those who say it cannot be done should not interrupt those who are doing it
  • #62,607
  • Dec 7, 2012 1:24pm Dec 7, 2012 1:24pm
Quoting minortrader
Although it is bit too early here in GTA, but still it is nice to notice the same taste,

both in beverage as well as enjoying it neat.

Cheers !!!.

(BTW, Donald Trump has shown his utter ignorance and arrogance

by removing Glenfiddich from all his hotels).
What an idiot. Probably the agent rightfully refused to give him a kickback.
Those who say it cannot be done should not interrupt those who are doing it
  • #62,608
  • Dec 7, 2012 1:28pm Dec 7, 2012 1:28pm
[quote=PipTrapper;6274583]You can bet your boots on that. My favorite. Wouldn't settle for anything less... and to top it off, it's the 100th anniversary version in the special decanter

PT knows how to live life.
Trade smaller than rational because the market is irrational...
  • #62,609
  • Dec 7, 2012 2:04pm Dec 7, 2012 2:04pm
Quoting PipTrapper
You can bet your boots on that. My favorite. Wouldn't settle for anything less... and to top it off, it's the 100th anniversary version in the special decanter

Attachment
Oh ha Sir PT drinks only the best drinks
Wooooohooooo or Boooooohooooo
  • #62,610
  • Dec 7, 2012 2:05pm Dec 7, 2012 2:05pm
Quoting Likerty
PT, come one! Its time to open Friday's bottle already!)
Damn Likerty, you know how to party! Last week I saw the herbs, this week the bottle, I'm coming over!
  • #62,611
  • Dec 7, 2012 2:18pm Dec 7, 2012 2:18pm
Quoting 100PipsADay
Damn Likerty, you know how to party! Last week I saw the herbs, this week the bottle, I'm coming over!
I'd be more interested in the herbs than the wine. The Glenfiddich goes down much better after some herbal therapy
Those who say it cannot be done should not interrupt those who are doing it
  • #62,612
  • Dec 7, 2012 2:21pm Dec 7, 2012 2:21pm
Quoting 100PipsADay
Damn Likerty, you know how to party! Last week I saw the herbs, this week the bottle, I'm coming over!
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  • #62,613
  • Dec 7, 2012 2:25pm Dec 7, 2012 2:25pm
Jeeez..Guys really - enough of this late lurking, its time to hit the Old town...
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  • #62,614
  • Dec 7, 2012 2:57pm Dec 7, 2012 2:57pm
Quoting Likerty
Jeeez..Guys really - enough of this late lurking, its time to hit the Old town...
I'm with you...

http://www.miveranoensliema.es/wp-co...a-at-night.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #62,615
  • Dec 7, 2012 5:07pm Dec 7, 2012 5:07pm
Quoting lumesh
..
Right or wrong, we need to play with risk-adjusted convictions to take money out of the market over time.. There is nothing wrong in defending reasonable thought-out opposing views in trade discussions, but it's another thing to distort others view out of context in a "show-boat for newbies" manner.. for that, you need more polishing & lessons from your buddy PipTrapper..

With NFP & some funnys now out of the way, IMHO the stage is set for Euro to consolidate & rally into year end.. there's good odd for another visit up to 1.31+ on the narrow & a pop over 1.32+ on the wide for the rest of December & January..

This M/T Setup from 11/18 is still in play
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and there's good odd for this USDX vs EURUSD scenario to unfold
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Have a nice w/e
  • #62,616
  • Dec 7, 2012 5:25pm Dec 7, 2012 5:25pm
Quoting PipTrapper
I'd be more interested in the herbs than the wine. The Glenfiddich goes down much better after some herbal therapy
Nice! Can't go wrong with a little greenery... LOL
  • #62,617
  • Dec 8, 2012 12:08am Dec 8, 2012 12:08am
Quoting cdndollar
With NFP & some funnys now out of the way, IMHO the stage is set for Euro to consolidate & rally into year end.. there's good odd for another visit up to 1.31+ on the narrow & a pop over 1.32+ on the wide for the rest of December & January..
I just don't see it. Technically there is no setup at all. Not bullish, nor bearish. The Euro has been stuck in a consolidation range since September 13th and it's not breaking out to the top because market sentiment is sensitive to news and in order for the Euro (and other risk correlated instruments) to keep rallying, they need a consistent stream of good news. So, IMO any move to and beyond 1.32 will need one (or more) of the following...

1. A complete retraction of the ECB's dismal economic forecast and a statement saying that there will be no further rate cuts.
2. A miraculous comeback (growth) in the Greek or Spanish economies.
3. A fiscal/Political union in the Eurozone with common debt issuance and joint liability.

Since none of the above are likely to happen, I maintain my position of selling at the top of the consolidation range. Of course for short term traders, there is nothing wrong with playing the range from both sides, and assuming we may get some risk-on sentiment early next week, 1.2880 was certainly a great place to buy. However, for me and my mid to long term positioning strategy, that carries far too much risk for my blood.

When I look at recent movements and where the heaviest volume moves are located, it is clear to me that the smart money is with me on this (JMO)
Those who say it cannot be done should not interrupt those who are doing it
  • #62,618
  • Dec 8, 2012 12:19am Dec 8, 2012 12:19am
The Eurozone event line up for next week.

--Monday, Dec. 10: French October industrial production data. Italian third-quarter GDP data.

--Tuesday, Dec. 11: Spanish T-bill auction. Greek T-bill auction. German ZEW December economic sentiment indicator.

--Wednesday, Dec. 12: Italian T-bill auction. Date by which buyback of Greek bonds must be completed.

--Thursday, Dec. 13: Italian and Spanish bond auctions. EU Summit.

--Friday, Dec. 14: EU Summit. EUR4.15 billion in Greek T-bills come due.
Those who say it cannot be done should not interrupt those who are doing it
  • #62,619
  • Dec 8, 2012 2:03am Dec 8, 2012 2:03am
Quoting cdndollar
Right or wrong, we need to play with risk-adjusted convictions to take money out of the market over time.. There is nothing wrong in defending reasonable thought-out opposing views in trade discussions, but it's another thing to distort others view out of context in a "show-boat for newbies" manner.. for that, you need more polishing & lessons from your buddy PipTrapper..

With NFP & some funnys now out of the way, IMHO the stage is set for Euro to consolidate & rally into year end.. there's good odd for another visit up to 1.31+ on the narrow...

fair enough...may the pips be with us
  • #62,620
  • Dec 8, 2012 1:33pm Dec 8, 2012 1:33pm
Quoting lumesh
may the pips be with us
AMEN
Trade smaller than rational because the market is irrational...
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