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EurAnalysis Kindergarten 24 replies

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  • #64,121
  • Dec 21, 2012 7:58am Dec 21, 2012 7:58am
Quoting redteamgo
if only I am so fortunate. euro, indices are just in a wedge waiting for direction. US open will give direction which really should be really bearish on risk. we all know how reliable "should be" is as an indicator of future movement though. w a quad witching today, who knows. spreads will likely be crazy today.
Hey Red,
I woke up to my U/C trade in the green. Closed my positions before CAD GDP.. I could have captured another 20 pips if I hadn't closed prematurely.
No worries, I share the same opinion.. There won't be much continuation until markets open. I reversed my position until then. When bell rings, I will re-enter USD bullish.
  • #64,122
  • Dec 21, 2012 8:00am Dec 21, 2012 8:00am
Quoting D2tz
Hey Red,
I woke up to my U/C trade in the green. Closed my positions before CAD GDP.. I could have captured another 20 pips if I hadn't closed prematurely.
No worries, I share the same opinion.. There won't be much continuation until markets open. I reversed my position until then. When bell rings, I will re-enter USD bullish.
good to hear. one can never capture 100% of the move all the time. youll certainly never go broke taking profit. i'm waiting for a potential head fake when Boehner has another press conference at 10AM EST. i think that will be the peak/trough preceding the decisive move into today's daily and weekly close.
Any prices quoted are futures
  • #64,123
  • Dec 21, 2012 8:01am Dec 21, 2012 8:01am
This 1.3187 level is so important, FIBs, 5 MA, Daily low convergence if price breaks it'll be a nice down move.
I'm now holding a short from 1.3210
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  • #64,124
  • Dec 21, 2012 8:01am Dec 21, 2012 8:01am
Quoting redteamgo
good to hear. one can never capture 100% of the move all the time. youll certainly never go broke taking profit. i'm waiting for a potential head fake when Boehner has another press conference at 10AM EST. i think that will be the peak/trough preceding the decisive move into today's daily and weekly close.
What time zone?
Do you have a link?
***LOL just noticed EST
I don't see any announcement that this was taking place though
  • #64,125
  • Dec 21, 2012 8:04am Dec 21, 2012 8:04am
Quoting D2tz
What time zone?
Do you have a link?
its 1hr from now. i dont have a stream. i'm just watching BBTV and keeping an eye on my reuters terminal

---------

edit: http://www.c-span.org/Events/Speaker...f/10737436823/

the stream isnt active yet
Any prices quoted are futures
  • #64,126
  • Dec 21, 2012 8:07am Dec 21, 2012 8:07am
Quoting redteamgo
its 1hr from now. i dont have a stream. i'm just watching BBTV and keeping an eye on my reuters terminal

---------

edit: http://www.c-span.org/Events/Speaker...f/10737436823/

the stream isnt active yet
Thanks Red !
  • #64,127
  • Dec 21, 2012 8:22am Dec 21, 2012 8:22am
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #64,128
  • Dec 21, 2012 8:26am Dec 21, 2012 8:26am
What a beautiful picture. Targeting 79.80

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Those who say it cannot be done should not interrupt those who are doing it
  • #64,129
  • Dec 21, 2012 8:31am Dec 21, 2012 8:31am
PT you notice from yesterday good US data are now USD Bullish. Risk-On turns Risk-Off and vice versa. After FC is fixed will see a clear pattern.
  • #64,130
  • Dec 21, 2012 8:41am Dec 21, 2012 8:41am
The bear opened both eyes yesterday from inside the cave. Looks like he is poking his head outside... Is he hungry for Bull today?
Trade smaller than rational because the market is irrational...
  • #64,131
  • Dec 21, 2012 8:57am Dec 21, 2012 8:57am
Quoting Ken A
PT you notice from yesterday good US data are now USD Bullish. Risk-On turns Risk-Off and vice versa. After FC is fixed will see a clear pattern.
Yes Ken, that's the way it is supposed to work. Thanks to having an unemployment rate target for rate hikes, the USD should now rally on USD positive news and on global risk aversion.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,132
  • Dec 21, 2012 8:58am Dec 21, 2012 8:58am
My target for the short move at 1.3115 where si FIB 79%, FIB 162%, 10 MA, S/R
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  • #64,133
  • Dec 21, 2012 9:12am Dec 21, 2012 9:12am
Quoting PipTrapper
Yes Ken, that's the way it is supposed to work. Thanks to having an unemployment rate target for rate hikes, the USD should now rally on USD positive news and on global risk aversion.
Gold should drop further. Good for U/CAD longs and no impact to JPY so far.
  • #64,134
  • Dec 21, 2012 9:35am Dec 21, 2012 9:35am
s&p has amazing resiliency right now. im glad i took half off last night off limit down. should have just covered and got long because obviously we must continue to rally and price in total normalcy and perfection.

in hindsight, one should probably almost always flatten at limit up/down. its not physically possible to make any more money on the day.
Any prices quoted are futures
  • #64,135
  • Dec 21, 2012 10:45am Dec 21, 2012 10:45am
Obama set to speak at 1:30pm est. this could become a much more interesting day than I thought. Be careful all.
It works till it doesn't
  • #64,136
  • Dec 21, 2012 11:24am Dec 21, 2012 11:24am
Quoting DaEdge
Obama set to speak at 1:30pm est. this could become a much more interesting day than I thought. Be careful all.
Won't that just be to announce Kerry as Sec of State? And maybe gloat that the Rep party couldn't muster a plan...let alone plan B? Probably even do some more gun control jabs. Highly doubt much more than that.

He might throw in a little touch of, come on guys, accept my offer already.

I for one don't see much other than that from him today. Just an opinion from a not so bright American.
  • #64,137
  • Dec 21, 2012 11:34am Dec 21, 2012 11:34am
Quoting chodd22
Won't that just be to announce Kerry as Sec of State? And maybe gloat that the Rep party couldn't muster a plan...let alone plan B? Probably even do some more gun control jabs. Highly doubt much more than that.

He might throw in a little touch of, come on guys, accept my offer already.

I for one don't see much other than that from him today. Just an opinion from a not so bright American.
I thought only hillbillies weren't bright
Those who say it cannot be done should not interrupt those who are doing it
  • #64,138
  • Dec 21, 2012 12:03pm Dec 21, 2012 12:03pm
Quoting PipTrapper
I thought only hillbillies weren't bright
Thats a myth...kind of like Y2k, 12-21-12, etc...

p.s. I can't tell you what a nice Christmas gift these red Candles have brought me...thanks Santa...wait, that another myth?
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  • #64,139
  • Dec 21, 2012 12:07pm Dec 21, 2012 12:07pm
Quoting chodd22
Won't that just be to announce Kerry as Sec of State? And maybe gloat that the Rep party couldn't muster a plan...let alone plan B? Probably even do some more gun control jabs. Highly doubt much more than that.

He might throw in a little touch of, come on guys, accept my offer already.

I for one don't see much other than that from him today. Just an opinion from a not so bright American.
You never know with him a surprise out of his mouth is not out of the question.
It works till it doesn't
  • #64,140
  • Dec 21, 2012 12:20pm Dec 21, 2012 12:20pm
Quoting PipTrapper
I thought only hillbillies weren't bright
Hi PT, I believe you close your EU longs, if so just wonder what signals did you use
Hope your shorts are fine now as my double shorts
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