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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #63,021
  • Dec 12, 2012 11:51am Dec 12, 2012 11:51am
Hope no pigs got slaughtered
  • #63,022
  • Dec 12, 2012 11:52am Dec 12, 2012 11:52am
Quoting ingmarforex
Hope no pigs got slaughtered
If there are no pigs, then none got slaughtered.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,023
  • Dec 12, 2012 11:53am Dec 12, 2012 11:53am
Quoting 100PipsADay
Very bad for Bears...

Boy am I glad I got out of my NZD/USD shorts the other day! I see .88 next for NZD. 1.08-1.10 for AUD. Not too sure about EUR but probably 1.33-1.34
Did you reverse to long?
  • #63,024
  • Dec 12, 2012 11:55am Dec 12, 2012 11:55am
bad news for me, i'm a little overleveraged :/
  • #63,025
  • Dec 12, 2012 11:56am Dec 12, 2012 11:56am
Quoting Ken A
Did you reverse to long?
Nah...

Still long A/J though and E/A.

A/J is performing nicely, E/A is kind of stuck but still think it should be a good long term play. Should start picking up once the "fiscal cliff" fiasco starts to show itself again.

I'm looking to close A/J at about 88.50 or so.
  • #63,026
  • Dec 12, 2012 11:57am Dec 12, 2012 11:57am
Fed Statement change tracker from WSJ

http://projects.wsj.com/fed-statement-tracker/#
Those who say it cannot be done should not interrupt those who are doing it
  • #63,027
  • Dec 12, 2012 11:58am Dec 12, 2012 11:58am
Quoting 100PipsADay
Nah...

Still long A/J though and E/A.

A/J is performing nicely, E/A is kind of stuck but still think it should be a good long term play. Should start picking up once the "fiscal cliff" fiasco starts to show itself again.

I'm looking to close A/J at about 88.50 or so.
I will close some to deleverage but will wait until Dec 16 official outcome if LDP wins.
  • #63,028
  • Dec 12, 2012 12:04pm Dec 12, 2012 12:04pm
Got some pips this week buyin the euro. I know i got out too soon on some trades but pips in the bank are pips in the bank for me.
  • #63,029
  • Dec 12, 2012 12:05pm Dec 12, 2012 12:05pm
This should continue to Asian Session.


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  • #63,030
  • Dec 12, 2012 12:07pm Dec 12, 2012 12:07pm
Quoting Ken A
I will close some to deleverage but will wait until Dec 16 official outcome if LDP wins.
Nice!
  • #63,031
  • Dec 12, 2012 12:08pm Dec 12, 2012 12:08pm
Quoting PipTrapper
You might have a point there. However, those who maintained their shorts through the bottoming process probably burned through their profits with the negative swap... so I don't think there are many of them still hanging in unless they are hedge positions.
http://i1356.photobucket.com/albums/...ps964115d6.jpg

7500 pip down move. A 20% pullback which would bring us to the 90 level is healthily & still keeps the downtrend in tack. Just something to think about & keep in mind. Above 90 & we can make an argument for a change in trend.
It works till it doesn't
  • #63,032
  • Dec 12, 2012 12:13pm Dec 12, 2012 12:13pm
EUR/JPY almost hit 109.00, should get to 111.00 very soon.
  • #63,033
  • Dec 12, 2012 12:14pm Dec 12, 2012 12:14pm
Quoting ferndog
Got some pips this week buyin the euro. I know i got out too soon on some trades but pips in the bank are pips in the bank for me.
and everybody else too. Always a good thing when one banks pips
Those who say it cannot be done should not interrupt those who are doing it
  • #63,034
  • Dec 12, 2012 12:15pm Dec 12, 2012 12:15pm
Quoting Ken A
EUR/JPY almost hit 109.00, should get to 111.00 very soon.
It works till it doesn't
  • #63,035
  • Dec 12, 2012 12:16pm Dec 12, 2012 12:16pm
Quoting PipTrapper
and everybody else too. Always a good thing when one banks pips
Did you catch the move PT? Your big should be YES.
  • #63,036
  • Dec 12, 2012 12:18pm Dec 12, 2012 12:18pm
So who hates Bernanke now? I love him.
  • #63,037
  • Dec 12, 2012 12:19pm Dec 12, 2012 12:19pm
Quoting Ken A
Did you catch the move PT? Your big should be YES.
No... As I mentioned earlier today, I'm waiting for the dust to settle. The market is still digesting the implications of the Fed statement because of the surprise change in fed funds rate target.
Also certainly not going to make any moves until after the pressie.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,038
  • Dec 12, 2012 12:20pm Dec 12, 2012 12:20pm
Quoting PipTrapper
No... As I mentioned earlier today, I'm waiting for the dust to settle. The market is still digesting the implications of the Fed statement because of the surprise change in fed funds rate target.
Also certainly not going to make any moves until after the pressie.
Yea ain't over until the fat lady sings.
  • #63,039
  • Dec 12, 2012 12:21pm Dec 12, 2012 12:21pm
Something Interesting from J Kickligher
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Trade smaller than rational because the market is irrational...
  • #63,040
  • Dec 12, 2012 12:21pm Dec 12, 2012 12:21pm
Quoting Ken A
So who hates Bernanke now? I love him.
Actually I love him more now than before. Finally he has tied the fed funds rate to an economic indicator (unemployment rate) rather than a specific date. So this means that now monthly NFP and weekly US Jobless claims will have a lot more meaning than before.

I'll bet you the USD will rally tomorrow if the US jobless claims number comes in lower than expected.
Those who say it cannot be done should not interrupt those who are doing it
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