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EurAnalysis Kindergarten 24 replies

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  • #68,721
  • Aug 6, 2013 10:52am Aug 6, 2013 10:52am
Quoting PipTrapper
{quote} They must have been the ones conducting the survey
- now why didn't I work that out :nerd:
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  • #68,722
  • Aug 7, 2013 3:45am Aug 7, 2013 3:45am
Cable down 85 pips in the first 60 seconds and the up 240 pips in the following hour as the press actually read their 44 page release and asked a few questions.....It was almost like the good old news trading days, pirating a few here and a few more there
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  • #68,723
  • Aug 7, 2013 6:52am Aug 7, 2013 6:52am
Hi Lickerty & PT......what are your views on Cable after the BOE stuff.....
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  • #68,724
  • Aug 7, 2013 7:13am Aug 7, 2013 7:13am
Quoting Islander
Hi Lickerty & PT......what are your views on Cable after the BOE stuff.....
I cashed out all my shorts during the low for a handsome profit while Carney was speaking his dovish forward guidance talk.
I was going to take a long but I missed the train while I was thinking. (gotta take more Ginko)

Now I have a pending order short at 5546 based on intersection of longer term falling and shorter term rising channel resistance
plus...
78.6 fibo level
plus
nicely forming MacD and RSX bearish divergence
plus
completion of nicely formed ABC correction
plus
Early May historical supply zone.

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  • #68,725
  • Aug 7, 2013 7:27am Aug 7, 2013 7:27am
Quoting PipTrapper
{quote} I cashed out all my shorts during the low for a handsome profit while Carney was speaking his dovish forward guidance talk. I was going to take a long but I missed the train while I was thinking. (gotta take more Ginko) Now I have a pending order short at 5546 based on intersection of longer term falling and shorter term rising channel resistance plus... 78.6 fibo level plus nicely forming MacD and RSX bearish divergence plus completion of nicely formed ABC correction plus Early May historical supply zone. {image}
Excellent and thanks for your analysis - I too feel that there is more upside given the lack of any serious selling so far....
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  • #68,726
  • Aug 7, 2013 7:55am Aug 7, 2013 7:55am
Quoting Islander
{quote} Excellent and thanks for your analysis - I too feel that there is more upside given the lack of any serious selling so far....
The next time we get serious selling will be when we get good US data. Till then I expect it to slowly rise to resistance and then see some profit taking (Strictly technical)
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  • #68,727
  • Aug 7, 2013 8:36am Aug 7, 2013 8:36am
pending order short G/U @ 1.5590
  • #68,728
  • Aug 7, 2013 9:14am Aug 7, 2013 9:14am
Quoting andan
pending order short G/U @ 1.5590
The way G/U is moving, you may have to wait a long time for that one.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,729
  • Aug 8, 2013 12:37am Aug 8, 2013 12:37am
PT, would you agree on the assumption, that if Nikkei is going for new weekly lows, UJ will do that too..?
Its starting to look like both will test mid of yearly swing eventually
69
  • #68,730
  • Aug 8, 2013 2:51am Aug 8, 2013 2:51am
Quoting Likerty
PT, would you agree on the assumption, that if Nikkei is going for new weekly lows, UJ will do that too..? Its starting to look like both will test mid of yearly swing eventually
Yes I agree that U/J is somewhat correlated with the Nikkei as long as the Yen is the dominant in the pair.
If there is some very good (or very bad) US news, then that dynamic changes... at least temporarily.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,731
  • Aug 8, 2013 3:17am Aug 8, 2013 3:17am
anyone want to doa gentlemens bet on whether or not eu will fail @3400 +/- 20 ticks? $1

this is exciting. im going to short.
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  • #68,732
  • Aug 8, 2013 3:22am Aug 8, 2013 3:22am
Quoting PipTrapper
{quote} Yes I agree that U/J is somewhat correlated with the Nikkei as long as the Yen is the dominant in the pair. If there is some very good (or very bad) US news, then that dynamic changes... at least temporarily.
ES on the other hand is ready to continue in to new highs..)) Yesterdays lows better to hold for this bounce
69
  • #68,733
  • Aug 8, 2013 3:25am Aug 8, 2013 3:25am
Quoting Likerty
{quote} ES on the other hand is ready to continue in to new highs..)) Yesterdays lows better to hold for this bounce
ES has been grinding half % highs for 5 years. there is nothing that needs to be said there abt that except FED. it is my bread and butter .
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  • #68,734
  • Aug 8, 2013 3:40am Aug 8, 2013 3:40am
Quoting redteamgo
{quote} ES has been grinding half % highs for 5 years. there is nothing that needs to be said there abt that except FED. it is my bread and butter .
my money is that it will touch 1685-1682 and bounce.

at the very very least, touch 1689. ranging to overnight highs is a high probability NY session reversal.
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  • #68,735
  • Aug 8, 2013 4:20am Aug 8, 2013 4:20am
Quoting redteamgo
{quote} my money is that it will touch 1685-1682 and bounce. at the very very least, touch 1689. ranging to overnight highs is a high probability NY session reversal.
More likely we retest the high.
An inverted H/S has developed. All we need now is confirmation via a break above 1700 and then 1695 becomes support

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  • #68,736
  • Aug 8, 2013 4:23am Aug 8, 2013 4:23am
I doubt it, overnight highs are not usually a good continuation. We'll see
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  • #68,737
  • Aug 8, 2013 4:26am Aug 8, 2013 4:26am
Quoting redteamgo
I doubt it, overnight highs are not usually a good continuation. We'll see
Doesn't matter anyway. It's all a coin toss at this point.
There is much debate about whether or not the tapering plan is already priced in. Only time will tell
Today's jobless claims report may give a slight clue.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,738
  • Aug 8, 2013 4:32am Aug 8, 2013 4:32am
jeez, its so damn hot here 31C/88F
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  • #68,739
  • Aug 8, 2013 4:50am Aug 8, 2013 4:50am
Todays resistance is 3390.. Not clear how much will retrace after.
Looks like EU, UJ and UCHF have very similar distances before next barricades..
69
  • #68,740
  • Aug 8, 2013 5:03am Aug 8, 2013 5:03am
Quoting PipTrapper
{quote} Doesn't matter anyway. It's all a coin toss at this point. There is much debate about whether or not the tapering plan is already priced in. Only time will tell Today's jobless claims report may give a slight clue.
ya.

i dont know about a coin toss, but fair enough. i think its weighted in favor of a fade before retesting 1700s. i care simply because I want to get long. no one in the ES pit or otherwise sees 8 handle overnight highs and says LETS TAKE THIS BITCH HIGHER. mean reversion with a strong bounce has been the action for years. having said that, it could easily do the highs before moving back to 92,89,85. obviously no one knows for sure.
Any prices quoted are futures
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