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EurAnalysis Kindergarten 24 replies

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  • #63,721
  • Dec 18, 2012 4:46pm Dec 18, 2012 4:46pm
Quoting PipTrapper
I only bought on a small pullback after the 1.3200 barrier was pierced. At that point I knew the stops were going to be run over and I also knew that psychologically, retail euro shorts were going to capitulate and cover. All that equals a nice pop, and we sure got it. Now that I've locked in at BE, once Mr. Market maker decides it's time to slam the lever into reserve, I'll be waiting there like PacMac on a power pill

http://www.youtube.com/watch?v=dt9q7JItujs
Or Popeye on spinach.
I love this thread
  • #63,722
  • Dec 18, 2012 4:46pm Dec 18, 2012 4:46pm
Quoting PipTrapper
I only bought on a small pullback after the 1.3200 barrier was pierced. At that point I knew the stops were going to be run over and I also knew that psychologically, retail euro shorts were going to capitulate and cover. All that equals a nice pop, and we sure got it. Now that I've locked in at BE, once Mr. Market maker decides it's time to slam the lever into reserve, I'll be waiting there like PacMac on a power pill
  • #63,723
  • Dec 18, 2012 4:52pm Dec 18, 2012 4:52pm
Quoting D2tz
Or Popeye on spinach.
I love this thread
It's made in Canada

http://www.wedoclosets.ca/Portals/12...deInCanada.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #63,724
  • Edited 5:08pm Dec 18, 2012 4:58pm | Edited 5:08pm
Quoting D2tz
DrZakir, couldn't help notice your signature.
Maybe you can help me understand... Are mortgages and loans non-existant in Islamic banking?
there is no such thing as reserve banking in islam.these islamic banking is nothing but back door entry into usury (interest rate]market.money is sterile and use only to facilitate trade,as such it doesnt have inherent value.calling shit by any other name is still going to smell shit.Koran is very very clear where it stand on usury and compound interest for ur consideration below are few quotes from koran read them slowly and think.


''Those who charge usury are in the same position as those controlled by the devil's influence. This is because they claim that usury is the same as commerce. However, God permits commerce, and prohibits usury.thus whoever heeds this commandment from his Lord, and refrains from usury, he may keep his past earnings, and his judgment rests with God. As for those who persist in usury, they incur Hell, wherein they abide forever'' (Al-Baqarah 2:275)

''God condemns usury, and blesses charities. God dislikes every disbeliever, guilty. Those who believe and do good works and establish worship and pay the poor-due, their reward is with their Lord and there shall no fear come upon them neither shall they grieve. O you who believe, you shall observe God and refrain from all kinds of usury, if you are believers. If you do not, then expect a war from God and His messenger. But if you repent, you may keep your capitals, without inflicting injustice, or incurring injustice. If the debtor is unable to pay, wait for a better time. If you give up the loan as a charity, it would be better for you, if you only knew''. (Al-Baqarah 2:276-280)

''O you who believe, you shall not take usury, compounded over and over. Observe God, that you may succeed.'' (Al-'Imran 3:130)

''And for practicing usury, which was forbidden, and for consuming the people's money illicitly. We have prepared for the disbelievers among them painful retribution.'' (Al-Nisa 4:161)

''The usury that is practiced to increase some people's wealth, does not gain anything at God. But if people give to charity, seeking God's pleasure, these are the ones who receive their reward many fold.'' (Ar-Rum 30:39)


u see every other religion ban usury including islam,christianity,jewish,hinduism,taoism, thats becos it is blood and sweat of working people and unjust and people who work hard.consider this,when u take mortgage one is effectively selling ones freedom and becoming a bonded labour for life.regards.

ps:also consider this when prophet mohammed came, the early converts are poor and slaves and working class people.and late converts are as usual the elites and politicians of mecca prophet mohammed himself a business man and he understand very clearly the difference between trading and usury.may God has mercy,peace and blessing on mohammed.
Allah has permitted trade and has forbidden interest [koran]
  • #63,725
  • Dec 18, 2012 5:06pm Dec 18, 2012 5:06pm
Quoting msood
Well said

My take:

I am short at 1.3109, and looking to add again around 1.3280 area

Sure, price moved up against expectations yesterday; however a 100 odd pip drawdown on a longer term EU trade is not excessive given the nature of this beast.

My thinking is that some out there are providing lots of liquidity to fulfill all these buys that are driving the price higher. These "some" can't be fools because they are selling to the buys, and I would not expect them to settle for a loss for all their trouble.

So I am holding out...

On further reflection and as a mark of respect to the recent PA I will hold off adding shorts until I see the PA weakening.
  • #63,726
  • Dec 18, 2012 5:16pm Dec 18, 2012 5:16pm
Quoting sisse
Let me ask you something. How do you solve a fiscal problem in a country?, either you raise taxes and tax revenues or cut spending. If you do both in whatever form, don't you think is positive in the mid term?

My point is some commentator especially the US doomers criticize everything. A blow because they don't address the fiscal problem and a blow because they do...so what do they expect .... Agree it will trigger profit taking whatever the case but that is not because is negative for the economy. Mid term and if the details and measures are...
Fuck the fiscal cliff
  • #63,727
  • Dec 18, 2012 5:25pm Dec 18, 2012 5:25pm
Quoting ingmarforex
Fuck the fiscal cliff
best posting for the year 2012
Allah has permitted trade and has forbidden interest [koran]
  • #63,728
  • Dec 18, 2012 5:36pm Dec 18, 2012 5:36pm
Quoting drzakir123
there is no such thing as reserve banking in islam.these islamic banking is nothing but back door entry into usury (interest rate]market.money is sterile and use only to facilitate trade,as such it doesnt have inherent value.calling shit by any other name is still going to smell shit.Koran is very very clear where it stand on usury and compound interest for ur consideration below are few quotes from koran read them slowly and think.


[color=red]''Those who charge usury are in the same position as those controlled by the devil's influence....
Thank you sir for the reference and explanation.
  • #63,729
  • Dec 18, 2012 6:12pm Dec 18, 2012 6:12pm
updated xls
Attached File(s)
File Type: xlsx eufcast.xlsx   15 KB | 291 downloads
  • #63,730
  • Dec 18, 2012 6:22pm Dec 18, 2012 6:22pm
Quoting PipTrapper
It's made in Canada

http://www.wedoclosets.ca/Portals/12...deInCanada.gif
I thought it was made in Malta...
Kill the ego, or it will kill the mission.
  • #63,731
  • Dec 18, 2012 11:47pm Dec 18, 2012 11:47pm
Quoting PipTrapper
I only bought on a small pullback after the 1.3200 barrier was pierced. At that point I knew the stops were going to be run over and I also knew that psychologically, retail euro shorts were going to capitulate and cover. All that equals a nice pop, and we sure got it. Now that I've locked in at BE, once Mr. Market maker decides it's time to slam the lever into reserve, I'll be waiting there like PacMac on a power pill

http://www.youtube.com/watch?v=dt9q7JItujs

Attachment

EURUSD - The ratio of long to short positions...
i just think this morning, why Ben & Co should not let USD go down during current sentiment? or is already doing it as Gold is falling
if so we may see a day-candle up to 1.4 during the last week or two..

any reasons why Ben should stop this train?
  • #63,732
  • Dec 18, 2012 11:51pm Dec 18, 2012 11:51pm
Quoting magicgate
i just think this morning, why Ben & Co should not let USD go down during current sentiment? or is already doing it as Gold is falling
if so we may see a day-candle up to 1.4 during the last week or two..

any reasons why Ben should hold this train?
don't miss out on jpy, its also another factor for strengthening of pairs like eur and gbp. Not that usd is really down, aus/usd is not having a bull run like eu or gu, look at those gj and ej. or even eur/aud and gbp/aud etc. they are receiving strength from many places, not just because of usd.

the main culprit from my opinion is jpy, as soon as jpy pairs can show some strength in jpy. then only eu and gu will gradually lose its upward momentum for retracement/reversal. till then a buy stops on eu can also be cause by stops in jpy.

another chf is also being an ass, last few weeks.
  • #63,733
  • Edited 12:29am Dec 19, 2012 12:08am | Edited 12:29am
Quoting 5percent
don't miss out on jpy, its also another factor for strengthening of pairs like eur and gbp. Not that usd is really down, aus/usd is not having a bull run like eu or gu, look at those gj and ej. or even eur/aud and gbp/aud etc. they are receiving strength from many places, not just because of usd.

the main culprit from my opinion is jpy, as soon as jpy pairs can show some strength in jpy. then only eu and gu will gradually lose its upward momentum for retracement/reversal. till then a buy stops on eu can also be cause by stops in jpy.

another...
yep, i didn't miss it, mentioned EY infuence on Usd the post earlier, now my concern is misunderstanding both Usd & Gold looking down.
  • #63,734
  • Dec 19, 2012 12:38am Dec 19, 2012 12:38am
Quoting PipTrapper
My break even point was fast approaching at 1.3270 so I closed my eyes and hit the buy button at 1.3198 with a massive position. Why? Because when you get a powerful breakout like that in the last 2 weeks of December... especially when the majority of retail traders are short, then undoubtedly there is going to be a massive short squeeze. I learned that lesson many years ago. I saw this coming but my short Euro bias put me in denial of the danger. Now the last 5 months of my time are in the garbage but luckily (actually via proper MM, not luck) I have come out of it unscathed... for now.

This long trade is strictly a technical one. My target is 1.34xx, but then one never knows. That's why I set my SL at BE. Now I am looking forward to taking profit on this long position and shorting the top... when it arrives.
Well done!
Good to see you balance your funnies with some precision techie voodoo..
1.34xx is still in my year-end radar but watch the twin lead dog Crosses PA for clue..


"Anticipation is the mother of all FX Evil..
He who keep anticipating bottoms, gets piece on Earth..
He who keep anticipating tops, gets peace in Heaven.." Fx_ConfusCius..

Trade safe & hoard Cheerios.. &
Merry Christmas to all of our friends here..
http://www.forexfactory.com/attachme...6&d=1355817824
  • #63,735
  • Dec 19, 2012 2:37am Dec 19, 2012 2:37am
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #63,736
  • Dec 19, 2012 2:43am Dec 19, 2012 2:43am
one more reason to short the pound....and get burned
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.png Size: 27 KB
  • #63,737
  • Dec 19, 2012 2:49am Dec 19, 2012 2:49am
Quoting PipTrapper
No I'm only riding one horse. I just tied his tail to a tree so he doesn't jump off the cliff

awesome
  • #63,738
  • Dec 19, 2012 3:06am Dec 19, 2012 3:06am
huh, thank god for better than expected euro data...now new buyers can get screwed.

Idiotic market participants will switch short to long now so the algos would have the liquidity to the downside.

oeh, aint market a biaaach
  • #63,739
  • Dec 19, 2012 3:18am Dec 19, 2012 3:18am
Quoting lumesh
huh, thank god for better than expected euro data...now new buyers can get screwed.

Idiotic market participants will switch short to long now so the algos would have the liquidity to the downside.

oeh, aint market a biaaach
Not quite yet... but very soon.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,740
  • Dec 19, 2012 3:26am Dec 19, 2012 3:26am
Here is my decision based on daily candles :
Short @1.3280 / SL 1.3294

If stopped Short @1.3375 / SL 1.34
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