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EurAnalysis Kindergarten 24 replies

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  • #68,741
  • Aug 8, 2013 9:14am Aug 8, 2013 9:14am
Long 89

Bidding 85,84,83,82

1 each except 89. Have 2 there
Any prices quoted are futures
  • #68,742
  • Aug 8, 2013 9:18am Aug 8, 2013 9:18am
Quoting redteamgo
Long 89 Bidding 85,84,83,82 1 each except 89. Have 2 there
Offering 2 EU contracts at 3400. This is so exciting
Any prices quoted are futures
  • #68,743
  • Aug 8, 2013 9:18am Aug 8, 2013 9:18am
Things are getting ugly for my shorts, next resistance @ 1.3418
let's hope it holds
  • #68,744
  • Aug 8, 2013 10:29am Aug 8, 2013 10:29am
I think we're very close to the sweet spot. At least a nice pullback anyway. Maybe a small ABC correction to the mid 32xx

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Those who say it cannot be done should not interrupt those who are doing it
  • #68,745
  • Aug 8, 2013 10:43am Aug 8, 2013 10:43am
Quoting PipTrapper
I think we're very close to the sweet spot. At least a nice pullback anyway. Maybe a small ABC correction to the mid 32xx {image}
Would be great.
I am a little bit tired of this bully raid.
I think we will see an attack on 1.34200 first place, but this will be a good opportunity to get some fresh air and correct.
I hopefully see something like this next week....
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Read Charts - Not Papers
  • #68,746
  • Aug 8, 2013 10:53am Aug 8, 2013 10:53am
Quoting halkins
{quote} Would be great. I am a little bit tired of this bully raid. I think we will see an attack on 1.34200 first place, but this will be a good opportunity to get some fresh air and correct. I hopefully see something like this next week.... {image}
Hate to say it but I think its going to blow through 3400 as well.tis buildup just shy of 3400 isn't good for shorts
Any prices quoted are futures
  • #68,747
  • Aug 8, 2013 10:58am Aug 8, 2013 10:58am
Quoting PipTrapper
I think we're very close to the sweet spot. At least a nice pullback anyway. Maybe a small ABC correction to the mid 32xx {image}
Quoting Likerty
http://www.bloomberg.com/news/2013-0...eculation.html these fekers doesnt know what are they talking about.. With all this commerzbank alike trade recomendations sh*t, I see as part of big nonsense propaganda to drive retailers sentiment away.... Every move that happened in a last couple of days was so technical - despite fomc, draghi and nfp induced volatility.. And after just a bit of a profit taking near major supplay zone (one red D1 candle on the top of 600 pip bull range) everybody...

I wouldnt be so quick about it - it sits above Q supplay now.. Could go straight in to 34xx from here (3390/3360).
Generally as long as all pairs sits above/bellow todays NY opening - it has a good chance for continuation
69
  • #68,748
  • Aug 8, 2013 11:15am Aug 8, 2013 11:15am
2013-07-10

this date has taken a serious shakeup in the euro ... let's see where these E want to go ..( 35xx or 30xx!?)
  • #68,749
  • Aug 8, 2013 11:17am Aug 8, 2013 11:17am
Quoting redteamgo
Long 89 Bidding 85,84,83,82 1 each except 89. Have 2 there
Kicking ass here. 1687 avg on 4 looking for 1700+
Any prices quoted are futures
  • #68,750
  • Aug 8, 2013 11:19am Aug 8, 2013 11:19am
Quoting Likerty
{quote} {quote} I wouldnt be so quick about it - it sits above Q supplay now.. Could go straight in to 34xx from here (3390/3360). Generally as long as all pairs sits above/bellow todays NY opening - it has a good chance for continuation
Oh I agree that it has a good chance to continue, but who's going to buy at these levels?
We need a correction.

The only thing that will drive it higher without a correction is a mega short squeeze, which is quite possible seeing as how the crowd is piling into shorts.

But you know why the big boys do short squeezes? Could it be so they can sell at a better price?
Those who say it cannot be done should not interrupt those who are doing it
  • #68,751
  • Aug 8, 2013 11:53am Aug 8, 2013 11:53am
Quoting PipTrapper
{quote} Oh I agree that it has a good chance to continue, but who's going to buy at these levels?
Mr. Smart Money will.
As Above, So Below
  • #68,752
  • Aug 8, 2013 12:03pm Aug 8, 2013 12:03pm
Quoting PipTrapper
{quote} Oh I agree that it has a good chance to continue, but who's going to buy at these levels? We need a correction. The only thing that will drive it higher without a correction is a mega short squeeze, which is quite possible seeing as how the crowd is piling into shorts. But you know why the big boys do short squeezes? Could it be so they can sell at a better price?
You take fills at 34? I took mine. Not overly confident just yet
Any prices quoted are futures
  • #68,753
  • Aug 8, 2013 12:07pm Aug 8, 2013 12:07pm
Quoting redteamgo
{quote} You take fills at 34? I took mine. Not overly confident just yet
missed by 0.3 pips. I'm not in the mood to chase it. I think it's gonna at least retest if not go higher.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,754
  • Aug 8, 2013 12:12pm Aug 8, 2013 12:12pm
How annoying

No stupid pipettes in futures thankfully. I think its going to as well. I'm holding
Any prices quoted are futures
  • #68,755
  • Aug 8, 2013 12:36pm Aug 8, 2013 12:36pm
Quoting redteamgo
How annoying No stupid pipettes in futures thankfully. I think its going to as well. I'm holding
Quite
Those who say it cannot be done should not interrupt those who are doing it
  • #68,756
  • Aug 8, 2013 8:46pm Aug 8, 2013 8:46pm
CM, you're about 5 cents late to get long. The day to get long was the 11th, 12th of July when EU retraced part of the enormous move from BB's speech. i could see getting long again back around 3215.. but would you really want to if its sliding from 3400+? seems more like a conservative take profit than a place to get long
Any prices quoted are futures
  • #68,757
  • Aug 8, 2013 8:49pm Aug 8, 2013 8:49pm
then again, maybe we will get a retest of 4200ish. another air based rally would be fitting

the real tragedy is that i had to let go of my longs. what an average.
Any prices quoted are futures
  • #68,758
  • Aug 8, 2013 9:02pm Aug 8, 2013 9:02pm
Quoting redteamgo
CM, you're about 5 cents late to get long. The day to get long was the 11th, 12th of July when EU retraced part of the enormous move from BB's speech. i could see getting long again back around 3215.. but would you really want to if its sliding from 3400+? seems more like a conservative take profit than a place to get long
you never ever can tell anyone he is too late or too early to get long or short. how much are you going to bet it will get back to 3215? maybe it will never come back to that level in coming years? are you God that you are SO sure someone made wrong decision?
truly wrong mindset you have my dear friend. please correct it for your own good before too late.
and apologies for this post for all up following critics. i feel this is not my place to express my opinion
As Above, So Below
  • #68,759
  • Aug 8, 2013 9:07pm Aug 8, 2013 9:07pm
Quoting tashkent
{quote} you never ever can tell anyone he is too late or too early to get long or short. how much are you going to bet it will get back to 3215? maybe it will never come back to that level in coming years? are you God that you are SO sure someone made wrong decision? truly wrong mindset you have my dear friend. please correct it for your own good before too late. and apologies for this post for all up following critics. i feel this is not my place to express my opinion
sure I can. ever heard of this little thing called probability? let's say it retraced to 3215 all of a sudden. would you want to get long there after a failed test of highs resulting in a lower high? i hope not. you dont buy at the top or sell at the bottom if you want to make money. adding longs at current levels is less than prudent regardless of where your average is. even if you make 50 ticks with a new long 3390-3400+ its not worth the risk. risk 200 ticks to make 20, not smart.

on the other hand, re: shorting 3400, how about risk 75 to make 500?

if you're that insistent, ill take the other side of your trade. you buy 125,000 units and ill sell at 3390. whenever you're ready.
Any prices quoted are futures
  • #68,760
  • Aug 8, 2013 9:10pm Aug 8, 2013 9:10pm
Quoting tashkent
{quote} you never ever can tell anyone he is too late or too early to get long or short. how much are you going to bet it will get back to 3215? maybe it will never come back to that level in coming years? are you God that you are SO sure someone made wrong decision? truly wrong mindset you have my dear friend. please correct it for your own good before too late. and apologies for this post for all up following critics. i feel this is not my place to express my opinion
Thanks for the comments. Actually what I was trying to say is that the present perception seems to be that with the debt problems with Spain, Italy, Greece and France EUR/USD could weaken. The excellent research article by Merck talked about LTRO being repaid and the balance sheet of the ECB is in better shape than the FED's.

Also if USD/JPY gets to 110.00 then EUR/JPY needs to rise bringing EUR/USD along.

I have not decided anything at the moment. I am thinking about it or at least taking notice of the possibility.

I sure would not want to keep shorting it to 1.5000

Any discussion is a good discussion.

All opinions are valid and thanks for sharing your thoughts. Nice to post here again.


P.S. On Edit ... Redteamgo

I just read your remarks.

I was discussing the possibility of a Trend Change for the reasons given.

I was not planning any trades.

I have been shorting EUR/USD for the last year or so and just might short it again at next Supply Level.

Thanks for replying...
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