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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #69,321
  • Aug 30, 2013 4:45am Aug 30, 2013 4:45am
Market positioning

EUR/USD:
Sellers 1.3260 1.3280 1.3300 1.3310 1.3330 1.3350 1.3380 1.3400 1.3410 1.3420
Buyers 1.3210 1.3200 1.3185 1.3160 1.3150 1.3130

GBP/USD:
Sellers 1.5530 1.5540 1.5550 1.5570 1.5590 1.5600 1.5610 1.5620 1.5650
Buyers 1.5490 1.5480 1.5465 1.5450 1.5425 1.5400

USD/JPY:
Sellers 98.25 98.40 98.50 98.80 99.00 99.15 99.30 99.50
Buyers 97.85 97.65 97.50 97.25 97.00 96.50

AUD/USD:
Sellers 0.8965 0.8980 0.8990 0.9000 0.9010 0.9020 0.9050
Buyers 0.8900 0.8890 0.8880 0.8865 0.8850 0.8830 0.8800
Those who say it cannot be done should not interrupt those who are doing it
  • #69,322
  • Aug 30, 2013 7:34am Aug 30, 2013 7:34am
The fact that we have not seen the Euro even attempt a pullback up to 1.3300... or even 3280 for that matter, is a very worrying sign for the bulls.
Considering the US consumer spending data did not come in at expected levels and didn't produce a short covering, is another signal that the bulls are sleeping.
Will they wake up when the NY opening bell rings in an hour? Perhaps, but in that case I will be looking to add another short when it exhausts itself somewhere below 1.3300

Typical dead cat bounce
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #69,323
  • Aug 30, 2013 7:42am Aug 30, 2013 7:42am
Quoting PipTrapper
The fact that we have not seen the Euro even attempt a pullback up to 1.3300... or even 3280 for that matter, is a very worrying sign for the bulls. Considering the US consumer spending data did not come in at expected levels and didn't produce a short covering, is another signal that the bulls are sleeping. Will they wake up when the NY opening bell rings in an hour? Perhaps, but in that case I will be looking to add another short when it exhausts itself somewhere below 1.3300 Typical dead cat bounce {image}
As you have said it, the Eur is going to sleep...........

Bollinger Band Squeeze and it looks to want to roll over and play dead...................
Attached Image (click to enlarge)
Click to Enlarge Name: 8_30_13 EU 730am.JPG Size: 299 KB
The More You Learn, The More You Earn.....
  • #69,324
  • Aug 30, 2013 8:34am Aug 30, 2013 8:34am
Weekly close below 1.3190 would be perfect for my shorts and we can kiss goodbye the bulls
  • #69,325
  • Aug 30, 2013 9:53am Aug 30, 2013 9:53am
Quoting rekon67
Sometimes it indicates a major trend change. Closing below the yellow dotted line could open 1.27 area in next 2 months time. {image}
yep! This week close might be a decider and who knows USD bullishness may be a key indicator of another planning of war sponsoring by US govt.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.daily.png Size: 62 KB
  • #69,326
  • Aug 30, 2013 9:53am Aug 30, 2013 9:53am
1.32 broke now targeting 1.31737
Bulls Run. Bears Bite. We Profit.
  • #69,327
  • Aug 30, 2013 9:55am Aug 30, 2013 9:55am
Here we are at the edge for the next accelerated move down... 1.3190
So, do we get a bounce, or do we keep going to the low 31x zone?

If we get a Friday sell-off, we might just get the all anticipated 1.3080
Those who say it cannot be done should not interrupt those who are doing it
  • #69,328
  • Aug 30, 2013 9:58am Aug 30, 2013 9:58am
Quoting NZ Chris
Just doing a little bit of Chart Gazing. Already short E/U from 3375 but saw this H/S pattern. Looking for a good break of the neckline at 3340 ish with a close below. Target 3230. {image}
Well BUGGER ME. A pattern I saw (I know it was posted previously) has hit target.

WOOOO BLOODY HOOO!!!!!! I feel like an ace trader today. Still holding some for over the weekend.
Short Euro and remaining that way. That's just the way it is !
  • #69,329
  • Aug 30, 2013 10:00am Aug 30, 2013 10:00am
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #69,330
  • Aug 30, 2013 10:01am Aug 30, 2013 10:01am
Quoting NZ Chris
{quote} Well BUGGER ME. A pattern I saw (I know it was posted previously) has hit target. WOOOO BLOODY HOOO!!!!!! I feel like an ace trader today. Still holding some for over the weekend.

Now may be a good time to buy up some cheap Fonterra shares
Those who say it cannot be done should not interrupt those who are doing it
  • #69,331
  • Aug 30, 2013 10:05am Aug 30, 2013 10:05am
Quoting forexalien
{quote} As you have said it, the Eur is going to sleep........... Bollinger Band Squeeze and it looks to want to roll over and play dead................... {image}
And it has...............
Attached Image (click to enlarge)
Click to Enlarge Name: and it has eu.JPG Size: 153 KB
The More You Learn, The More You Earn.....
  • #69,332
  • Aug 30, 2013 10:05am Aug 30, 2013 10:05am
Quoting PipTrapper
Here we are at the edge for the next accelerated move down... 1.3190 So, do we get a bounce, or do we keep going to the low 31x zone? If we get a Friday sell-off, we might just get the all anticipated 1.3080
A Friday sell off would be OMG WOW FANTASTIC !!!!!!!

It might help if Cable would fall out of that big 4hr Bar from Wednesday

AND MAXWELL'S BACK...... YEAH
Short Euro and remaining that way. That's just the way it is !
  • #69,333
  • Aug 30, 2013 10:07am Aug 30, 2013 10:07am
Quoting PipTrapper
{quote} Now may be a good time to buy up some cheap Fonterra shares
Allergic to milk.........
Short Euro and remaining that way. That's just the way it is !
  • #69,334
  • Aug 30, 2013 10:16am Aug 30, 2013 10:16am
Quoting Harpe Eagle
1.32 broke now targeting 1.31737
I see you have been paying attention. You're developing a very effective skill trading fibo levels. Hail 113% and 123.6% bounces
Those who say it cannot be done should not interrupt those who are doing it
  • #69,335
  • Aug 30, 2013 10:18am Aug 30, 2013 10:18am
Quoting forexalien
{quote} And it has............... {image}
Those who say it cannot be done should not interrupt those who are doing it
  • #69,336
  • Aug 30, 2013 10:19am Aug 30, 2013 10:19am
Quoting NZ Chris
{quote} Allergic to milk.........
You don't have to drink the product... just milk the stock
Those who say it cannot be done should not interrupt those who are doing it
  • #69,337
  • Aug 30, 2013 11:17am Aug 30, 2013 11:17am
Quoting PipTrapper
{quote} You don't have to drink the product... just milk the stock
ROFL
Short Euro and remaining that way. That's just the way it is !
  • #69,338
  • Aug 30, 2013 1:58pm Aug 30, 2013 1:58pm
Geopolitical factors in the market are now somewhat neutralized as Obama made it clear that even though there may be some military action against the Syrian regime, there will be no protracted action that involves boots on the ground.
Therefore we can now return to seeing the market move based on macroeconomic data once the US long weekend is over.
Since Monday is a holiday in the US and Canada, keep your eyes peeled for some exaggerated low liquidity moves that are typical on the Euro in those market conditions.

Have a great weekend everybody. Hopefully September will bring us some decent macro moves we can all trade.

Be prepared for the ECB rate statement and press conference next Thursday and NFP on Friday.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,339
  • Aug 30, 2013 2:17pm Aug 30, 2013 2:17pm
You have a great Weekend too PT. Good week's trading this week. Now to keep hold of the gains next week..
Short Euro and remaining that way. That's just the way it is !
  • #69,340
  • Aug 30, 2013 2:17pm Aug 30, 2013 2:17pm
Quoting PipTrapper
Geopolitical factors in the market are now somewhat neutralized as Obama made it clear that even though there may be some military action against the Syrian regime, there will be no protracted action that involves boots on the ground. Therefore we can now return to seeing the market move based on macroeconomic data once the US long weekend is over. Since Monday is a holiday in the US and Canada, keep your eyes peeled for some exaggerated low liquidity moves that are typical on the Euro in those market conditions. Have a great weekend everybody....
takes away the fear factor....(somewhat) tk care..
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