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EurAnalysis Kindergarten 24 replies

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  • #68,281
  • Jul 23, 2013 8:28am Jul 23, 2013 8:28am
This sums up euro's behavior today...

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  • #68,282
  • Edited 11:06am Jul 23, 2013 10:54am | Edited 11:06am
Euro is doing a fine job of shaking out shorts and inducing new longs. It's kind of fascinating that the time frames can be so different. But the bastards know what they're doing.

In other words, it's business as usual.
  • #68,283
  • Jul 23, 2013 11:12am Jul 23, 2013 11:12am
Quoting BoringIsGood
Euro is doing a fine job of shaking out shorts and inducing new longs. It's kind of fascinating that the time frames can be so different. But the bastards know what they're doing. In other words, it's business as usual.
In other words they are preparing for a beef barbeque.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,284
  • Jul 23, 2013 11:22am Jul 23, 2013 11:22am
Quoting PipTrapper
{quote} In other words they are preparing for a beef barbeque.
Prolly.

I wish I had a better upside target now that 1.3165 is invalidated on the daily. But I still think all this whipsaw crap will just be a forgotten weekly wick soon.
  • #68,285
  • Jul 23, 2013 4:08pm Jul 23, 2013 4:08pm
Quoting BoringIsGood
{quote} Prolly. I wish I had a better upside target now that 1.3165 is invalidated on the daily. But I still think all this whipsaw crap will just be a forgotten weekly wick soon.
The 200 week is at 1.3285 and the 55 month is at 1.3310
Further up we have a long term down trend line in a heavy supply zone at 1.3370
Those are the possible targets that I am considering as a max for this pair.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,286
  • Jul 23, 2013 4:24pm Jul 23, 2013 4:24pm
EU did a touch and go in futures exactly as anticipated. I ended up doing another contract at 3070
It touched 66. Target is the same
Any prices quoted are futures
  • #68,287
  • Jul 23, 2013 6:17pm Jul 23, 2013 6:17pm
Quoting PipTrapper
{quote} The 200 week is at 1.3285 and the 55 month is at 1.3310 Further up we have a long term down trend line in a heavy supply zone at 1.3370 Those are the possible targets that I am considering as a max for this pair.
im targeting 3320 in futures. its a little conservative. i'd rather take my profit and walk shy 20-30 ticks than miss by a few ticks followed by a huge fade
Any prices quoted are futures
  • #68,288
  • Jul 23, 2013 6:46pm Jul 23, 2013 6:46pm
Quoting redteamgo
{quote} im targeting 3320 in futures. its a little conservative. i'd rather take my profit and walk shy 20-30 ticks than miss by a few ticks followed by a huge fade
Smart thinking red
Those who say it cannot be done should not interrupt those who are doing it
  • #68,289
  • Edited 8:07pm Jul 23, 2013 7:54pm | Edited 8:07pm
thx PT. greed is a bitch. only thing worse than a bad trade is letting a good trade become a bad trade.

in theory, we really could see 3400 in futures. everything between 3200 and 3400 is pretty much no mans land. i'll be happy to walk @ 3320 though with 230ish ticks on 2. that is a damn fine move.

Q soybeans did a 5.4% move today. INSANE. i was sidelined. i tried to get long x and got out for a small loss. it was a puke fest for basically all new longs from the past 7-10 trading days.

edit: lastly, just exited my mini yen.. 49 ticks. oh well. i do see a continuation of weakening. may take a day or two, possibly next week, but ya.
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 227 KB
Any prices quoted are futures
  • #68,290
  • Jul 23, 2013 9:00pm Jul 23, 2013 9:00pm
last bit of spam from me. double daily doji on ES the past 2 days. fade seems to be imminent. we havent even started talking budget or debt ceiling yet either..
Any prices quoted are futures
  • #68,291
  • Jul 24, 2013 1:53am Jul 24, 2013 1:53am
Quoting redteamgo
last bit of spam from me. double daily doji on ES the past 2 days. fade seems to be imminent. we havent even started talking budget or debt ceiling yet either..
and now add a third consecutive month of soft China data to the mix and you start to get the picture.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,292
  • Jul 24, 2013 2:29am Jul 24, 2013 2:29am
Quoting PipTrapper
{quote} and now add a third consecutive month of soft China data to the mix and you start to get the picture.

still seeing the glass half empty, eh ?

ask, how many months has the europe been rebounding (PMI wise anyway)?
  • #68,293
  • Jul 24, 2013 2:30am Jul 24, 2013 2:30am
Waiting EU at 3270's to sell for 3100 or so..
69
  • #68,294
  • Jul 24, 2013 2:36am Jul 24, 2013 2:36am
Euro making it's gains on the crosses.
  • #68,295
  • Jul 24, 2013 2:40am Jul 24, 2013 2:40am
Quoting Likerty
Waiting EU at 3270's to sell for 3100 or so..

tech wise 3270's (give or take a few) is definitely a level to watch. i attached a chart as well...dunno why redteamgo sees nothing important between 3200-3400
Attached Image (click to enlarge)
Click to Enlarge Name: EU1.png Size: 47 KB
  • #68,296
  • Jul 24, 2013 2:43am Jul 24, 2013 2:43am
Quoting lumesh
{quote} still seeing the glass half empty, eh ? ask, how many months has the europe been rebounding (PMI wise anyway)?
It's quite expected for EZ PMI to increment slowly. If it didn't, the Euro would be down around 1.25 by now.
Remember also that China is the second largest economy and an excellent barometer of the global situation after the US. The EZ is a joke of an economy with the north barely growing and the south in a depression and all managed by the same impotent central bank.

Anyway, no.. I do not see the glass as half empty or half full. What I see is an aquarium full of water with lots of cracks in the glass
Those who say it cannot be done should not interrupt those who are doing it
  • #68,297
  • Jul 24, 2013 2:46am Jul 24, 2013 2:46am
Quoting lumesh
{quote} tech wise 3270's (give or take a few) is definitely a level to watch. i attached a chart as well...dunno why redteamgo sees nothing important between 3200-3400 {image}
For me, 1.3270 (actually 1.3274 to be exact) is the end of the rising wedge and the 78.6% fibo retrace level of the last meltdown. So yeah, quite significant.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,298
  • Jul 24, 2013 2:48am Jul 24, 2013 2:48am
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 96 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #68,299
  • Jul 24, 2013 2:50am Jul 24, 2013 2:50am
Quoting lumesh
{quote} tech wise 3270's (give or take a few) is definitely a level to watch. i attached a chart as well...dunno why redteamgo sees nothing important between 3200-3400 {image}
And UJ wants to fly..
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  • #68,300
  • Jul 24, 2013 2:52am Jul 24, 2013 2:52am
Quoting PipTrapper
Anyway, no.. I do not see the glass as half empty or half full. What I see is an aquarium full of water with lots of cracks in the glass

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