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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #63,661
  • Dec 18, 2012 7:26am Dec 18, 2012 7:26am
Quoting D2tz
Good thanks for pointing out how crazy this all is.
crazy is right. the one positive mark so far is that US open held lows after Boehners press conference a few minutes ago. new highs today i bet. im long from 1427.
Any prices quoted are futures
  • #63,662
  • Dec 18, 2012 7:40am Dec 18, 2012 7:40am
It is my first margin call .. :/
  • #63,663
  • Dec 18, 2012 7:41am Dec 18, 2012 7:41am
1.32 out. What next ? 1.4 ? and pound...just wow...
  • #63,664
  • Dec 18, 2012 7:42am Dec 18, 2012 7:42am
euro fx futures testing 3205 gap from Dec 16. strategically, since we have not seen any pullback for 7 trading days, i would like to see failure here (which i will not sell) to test the consolidation at 3100ish which I would buy with a stop under 3080. depending on PA, i might move that stop to 3020 and add at 20 tick intervals down to 3040/60.

Quoting redteamgo
crazy is right. the one positive mark so far is that US open held lows after Boehners press conference a few minutes ago. new highs today i bet. im long from 1427.
this trade is prospering well. 1 handle away from new weekly highs. PA feels like it has a LOT of strength. buy the rumor sell the fact prevails

Quoting lumesh
1.32 out. What next ? 1.4 ? and pound...just wow...
i know, seriously. i find myself wondering whether or not we're going to have another Oct 27, 2011 rally.
Any prices quoted are futures
  • #63,665
  • Dec 18, 2012 7:53am Dec 18, 2012 7:53am
Quoting redteamgo

i know, seriously. i find myself wondering whether or not we're going to have another Oct 27, 2011 rally.
Impossible to tell...in times of irrationality in its extremes anything can happen...euro is probably seeing shitloads of stops beyond 3200 so we'll get a kneejerk any time soon (well now as of writing it)...after that...it could be the top....or not...next resistance is now to 3270

What's interesting is that if all the fckers just removed their stops and don't panic then there would be nothing to run ...100% technical market gunning either for margin calls or just visible large stops.

But, with the lack of fundamental traders, i just don't know who has enough liquidity to counter trend traders.
  • #63,666
  • Dec 18, 2012 7:59am Dec 18, 2012 7:59am
From ZH

http://www.zerohedge.com/sites/defau.../picture-5.jpg
EURUSD Breaks 1.3200, 4-Sigma Rich To Swap-Spreads

Submitted by Tyler Durden on 12/18/2012 - 10:53 http://www.zerohedge.com/sites/defau...1218_EUR_1.png
Presented with little commentary except to note that EURUSD's inexorable rise has pushed it to over 1000pips rich to the USD vs EUR swap-spread fair-value - or over 4 sigma rich from its three-year mean. Of course, critically, the EUR strength / USD weakness is doing wonders for risk assets, even if correlation had dropped a little. Simply remarkable.
Trade smaller than rational because the market is irrational...
  • #63,667
  • Dec 18, 2012 7:59am Dec 18, 2012 7:59am
on the positive note...anybody who has left margin has awesome chances to put on short trades on cable and eur....with no stops...so many unfinished businesses left behind.
  • #63,668
  • Dec 18, 2012 8:01am Dec 18, 2012 8:01am
Quoting lumesh
on the positive note...anybody who has left margin has awesome chances to put on short trades on cable and eur....with no stops...so many unfinished businesses left behind.
Still waiting for a good supply level. There has te be some because this is way way overdone.
Inflation in things we need, Deflation in things we want.
  • #63,669
  • Dec 18, 2012 8:02am Dec 18, 2012 8:02am
Quoting Thijs
Still waiting for a good supply level. There has te be some because this is way way overdone.
It's just one of those periods
  • #63,670
  • Dec 18, 2012 8:05am Dec 18, 2012 8:05am
Quoting wingou
It is my first margin call .. :/
sorry to hear that.
careful to know the limit of your convictions. it's easy to preach, and not practise. But I know all to well, we must all practise very tight control on our losses.
  • #63,671
  • Dec 18, 2012 8:09am Dec 18, 2012 8:09am
Beautifully stated:

... but risk no longer cares about the content, and like in the fall of 2011 with all headlines out of Europe, anything flashing and red is taken immediately as positive by the algotrons, who buy first and ask questions much later if ever.
Trade smaller than rational because the market is irrational...
  • #63,672
  • Dec 18, 2012 8:09am Dec 18, 2012 8:09am
Quoting D2tz
sorry to hear that.
careful to know the limit of your convictions. it's easy to preach, and not practise. But I know all to well, we must all practise very tight control on our losses.
@Wingou
Been there, Done that. Have you learned something from it or not ?
Inflation in things we need, Deflation in things we want.
  • #63,673
  • Dec 18, 2012 8:11am Dec 18, 2012 8:11am
Quoting Thijs
Been there, Done that. Have you learned something from it or not ?
absolutely. it's part of the learning curve.

PS: Your signature is spot on. it's true, we can get a big screen TV for the price of our weekly shopping =)
  • #63,674
  • Dec 18, 2012 8:12am Dec 18, 2012 8:12am
Quoting D2tz
sorry to hear that.
careful to know the limit of your convictions. it's easy to preach, and not practise. But I know all to well, we must all practise very tight control on our losses.
get out of my short, lost 80% of my capital on this medium/long term trade. i was positive when i was trading intraday without trying to understand the moves, and my first try with mid term fundamentals trading is a fail (but I have no choice as i'm working :/)
Will take the time to think on what is the best option now...

GL to all



Edit : btw I hate Ben
  • #63,675
  • Dec 18, 2012 8:12am Dec 18, 2012 8:12am
Quoting wingou
It is my first margin call .. :/
My commrad I have been in your position a few times over the years. If you learned a lesson to prevent what happened from happening again then you ARE AHEAD.

Again its a walk to wealth....not a race to riches
Trade smaller than rational because the market is irrational...
  • #63,676
  • Dec 18, 2012 8:17am Dec 18, 2012 8:17am
the top should be in place any time now....massive squeeeze is at it's last phase...huge volatility...those that can bear the move of course.
  • #63,677
  • Dec 18, 2012 8:24am Dec 18, 2012 8:24am
Quoting wingou
get out of my short, lost 80% of my capital on this medium/long term trade. i was positive when i was trading intraday without trying to understand the moves, and my first try with mid term fundamentals trading is a fail (but I have no choice as i'm working :/)
Will take the time to think on what is the best option now...

GL to all



Edit : btw I hate Ben
If you get back into the market, join me in trading a more stable pair and more friendly to your over leveraging I trade USD/CAD intra day (been guilty of holding longer, but intend to cut that down
  • #63,678
  • Dec 18, 2012 8:45am Dec 18, 2012 8:45am
Adding to my long USD/CAD position. Once 0.9850-70 clears, to the moon
  • #63,679
  • Dec 18, 2012 9:15am Dec 18, 2012 9:15am
S&P Upgrades Greece to B- outlook stable


how cool is that ?
  • #63,680
  • Dec 18, 2012 9:16am Dec 18, 2012 9:16am
Quoting lumesh
S&P Upgrades Greece to B- outlook stable


how cool is that ?
risk on! no real market response to that though.
Any prices quoted are futures
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