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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #63,201
  • Dec 13, 2012 10:10am Dec 13, 2012 10:10am
Quoting Ken A
Not the level I want to short. It just might overshoot. There are layers or offers above 1.3175.
from a day trader's perspective, it's a nice looking short
  • #63,202
  • Dec 13, 2012 10:44am Dec 13, 2012 10:44am
Quoting lumesh
really ? Why would that distort the news ?
Click here for more update

Central bank liquidity swap

By November 2011, swap agreements were extended until February 2013, at lower interest rates.

These swaps involve two transactions. When a foreign central bank draws on its swap line with the Federal Reserve, the foreign central bank sells a specified amount of its currency to the Federal Reserve in exchange for dollars at the prevailing market exchange rate. The Federal Reserve holds the foreign currency in an account at the foreign central bank. The dollars that the Federal Reserve provides are deposited in an account that the foreign central bank maintains at the Federal Reserve Bank of New York. At the same time, the Federal Reserve and the foreign central bank enter into a binding agreement for a second transaction that obligates the foreign central bank to buy back its currency on a specified future date at the same exchange rate. The second transaction unwinds the first. At the conclusion of the second transaction, the foreign central bank pays interest, at a market-based rate, to the Federal Reserve.

When the foreign central bank lends the dollars it obtained by drawing on its swap line to institutions in its jurisdiction, the dollars are transferred from the foreign central bank's account at the Federal Reserve to the account of the bank that the borrowing institution uses to clear its dollar transactions. The foreign central bank remains obligated to return the dollars to the Federal Reserve under the terms of the agreement, and the Federal Reserve is not a counterparty to the loan extended by the foreign central bank. The foreign central bank bears the credit risk associated with the loans it makes to institutions in its jurisdiction.
  • #63,203
  • Dec 13, 2012 11:16am Dec 13, 2012 11:16am
Quoting redteamgo
3110/3120 looks good for a short. it looks like it has the legs. TBD.
- short 1 at 3095 and short 1 at 3070
- short 1 s&p emini @ 1424

we have a quasi kings crown/h&s/triple top after multiple rejections at 131 on the euro and developing downtrends on major US indices. good enough reason to short for me. sadly, euro offers at 3100+ were too aggressive and did not filled. time to shut down and let it work.
Any prices quoted are futures
  • #63,204
  • Dec 13, 2012 11:31am Dec 13, 2012 11:31am
Quoting redteamgo
- short 1 at 3095 and short 1 at 3070
- short 1 s&p emini @ 1424

we have a quasi kings crown/h&s/triple top after multiple rejections at 131 on the euro and developing downtrends on major US indices. good enough reason to short for me. sadly, euro offers at 3100+ were too aggressive and did not filled. time to shut down and let it work.
are you spying on my trades?
Short @ 3099 and 3070
Waiting for a break and run below 3050
Like watching paint dry
Those who say it cannot be done should not interrupt those who are doing it
  • #63,205
  • Dec 13, 2012 11:35am Dec 13, 2012 11:35am
Quoting redteamgo
- short 1 at 3095 and short 1 at 3070
- short 1 s&p emini @ 1424

we have a quasi kings crown/h&s/triple top after multiple rejections at 131 on the euro and developing downtrends on major US indices. good enough reason to short for me. sadly, euro offers at 3100+ were too aggressive and did not filled. time to shut down and let it work.
PA is only consolidating and has fare chance to go for a big high 1.32++, Price travelling around 1.3060 has enough strength for creating a new high on Friday.
  • #63,206
  • Dec 13, 2012 11:36am Dec 13, 2012 11:36am
Quoting PipTrapper
are you spying on my trades?
Short @ 3099 and 3070
Waiting for a break and run below 3050
Like watching paint dry
me? spying?

http://www.dreamstime.com/businessma...mb18509379.jpg

damn your 3099. i waited too long. it looked strong enough to make a run for 3110 which would have had an immediate retraction and a much stronger move down.

i have offers lined up all the way back to 3110 on the glorious, off-chance it retraces the initial break. c'est la vie.
Any prices quoted are futures
  • #63,207
  • Dec 13, 2012 11:39am Dec 13, 2012 11:39am
Quoting rekon67
PA is only consolidating and has fare chance to go for a big high 1.32++, Price travelling around 1.3060 has enough strength for creating a new high on Friday.
maybe it will and maybe it wont! if it does, my T/S will take me out. i dont position trade choppy, shit markets like these. I am in and out at hourly highs/lows unless i have an exceptional entry where i can add to a growing trend. if i can grab 50 ticks per contract at $12.50 per tick, thats fine by me.
Any prices quoted are futures
  • #63,208
  • Dec 13, 2012 11:40am Dec 13, 2012 11:40am
Selling here at 3070..SL just above recent highs of 3100
  • #63,209
  • Dec 13, 2012 11:49am Dec 13, 2012 11:49am
Careful


http://vvipbiz.com/72011/mousetrap.jpg

  • #63,210
  • Dec 13, 2012 11:55am Dec 13, 2012 11:55am
Quoting Ken A
Careful


http://vvipbiz.com/72011/mousetrap.jpg

what happened to the bear trap? Not effective enough?
Those who say it cannot be done should not interrupt those who are doing it
  • #63,211
  • Dec 13, 2012 12:01pm Dec 13, 2012 12:01pm
Quoting Ken A
Careful


http://vvipbiz.com/72011/mousetrap.jpg

ken, from my experience, there is always free cheese at a mouse trap
Any prices quoted are futures
  • #63,212
  • Dec 13, 2012 12:05pm Dec 13, 2012 12:05pm
Eurozone PMI and CPI tomorrow.
Should be interesting.

Attached Image (click to enlarge)
Click to Enlarge Name: Forex Factory.jpeg Size: 19 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #63,213
  • Dec 13, 2012 12:06pm Dec 13, 2012 12:06pm
Quoting redteamgo
ken, from my experience, there is always free cheese at a mouse trap
Love this!
  • #63,214
  • Dec 13, 2012 12:08pm Dec 13, 2012 12:08pm
A good read while you're waiting for the paint to dry...

Brookings Survey on Eurozone Progress
Those who say it cannot be done should not interrupt those who are doing it
  • #63,215
  • Dec 13, 2012 12:09pm Dec 13, 2012 12:09pm
Tricky short here but have a small SL
  • #63,216
  • Dec 13, 2012 12:14pm Dec 13, 2012 12:14pm


http://florida-politics.com/wp-conte...ap-300x240.jpg

  • #63,217
  • Dec 13, 2012 12:17pm Dec 13, 2012 12:17pm
Quoting Ken A


http://florida-politics.com/wp-conte...ap-300x240.jpg

ouch....
  • #63,218
  • Dec 13, 2012 12:22pm Dec 13, 2012 12:22pm
Quoting Ken A


http://florida-politics.com/wp-conte...ap-300x240.jpg



Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #63,219
  • Dec 13, 2012 1:33pm Dec 13, 2012 1:33pm
Quoting redteamgo
- short 1 at 3095 and short 1 at 3070
- short 1 s&p emini @ 1424

we have a quasi kings crown/h&s/triple top after multiple rejections at 131 on the euro and developing downtrends on major US indices. good enough reason to short for me. sadly, euro offers at 3100+ were too aggressive and did not filled. time to shut down and let it work.
out at 3075 on euros
out at 1417.75 on s&p

decent day. farewell.
Any prices quoted are futures
  • #63,220
  • Dec 13, 2012 1:55pm Dec 13, 2012 1:55pm
Quoting redteamgo
out at 3075 on euros
out at 1417.75 on s&p

decent day. farewell.
Gotta go big on your trades and squeeze in 20 pips a day to make it by. I applaud you for a + day.
I've wasted the whole week on low volatility on USD/CAD (only pair I trade)
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