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EurAnalysis Kindergarten 24 replies

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  • #69,981
  • Sep 19, 2013 10:12am Sep 19, 2013 10:12am
PipTrapper i have bad news for You, someone from Goldman guys says:

"Says credit markets are going to be bid, peripheral Europe and non-financial corporates will also benefit, along with the euro against the dollar (sees $1.40 as possible in coming months)" - Mr. Garzarelli
  • #69,982
  • Sep 19, 2013 10:21am Sep 19, 2013 10:21am
Quoting PipTrapper
My shorts just got toasted. Not all of them but I cut back my exposure and lost half my gains from the early summer. I'm pissed off at Benny. What a liar and a chicken he is. Good bye Fed credibility.
next time out ..pocked 1/2....this way U have the mkt by the balls....well sort of anyway...would be in the green but one of the providers liquidity is not as good as Oanda's and did not hit the target at job report this morning EDT ...go figure...now twiddling thumbs...it is high time to bring in a central exchange data exchange ....like in the futures f. e. ....no more liquidity games by banks...
  • #69,983
  • Sep 19, 2013 10:29am Sep 19, 2013 10:29am
Quoting chip_super
PipTrapper i have bad news for You, someone from Goldman guys says: "Says credit markets are going to be bid, peripheral Europe and non-financial corporates will also benefit, along with the euro against the dollar (sees $1.40 as possible in coming months)" - Mr. Garzarelli
yes until another eu member goes belly up or another political bleep ...and things change....the chart is my tour guide.... and dont' kno Gazarelli ...wonder what he trades....blows on the keyboard for "news" aka as indirect advertising...bs
  • #69,984
  • Sep 19, 2013 11:02am Sep 19, 2013 11:02am
Quoting Islander
{quote} what the hell's an "inquent" some kind of Chick alert?
>>> http://www.urbandictionary.com/defin...erm=delinquent
Those who say it cannot be done should not interrupt those who are doing it
  • #69,985
  • Sep 19, 2013 11:10am Sep 19, 2013 11:10am
Quoting TraderPablo
{quote} next time out ..pocked 1/2....this way U have the mkt by the balls....well sort of anyway...would be in the green but one of the providers liquidity is not as good as Oanda's and did not hit the target at job report this morning EDT ...go figure...now twiddling thumbs...it is high time to bring in a central exchange data exchange ....like in the futures f. e. ....no more liquidity games by banks...
I did bank half... that's why I only lost half. Actually I haven't lost half yet coz I still have some shorts open which I probably will not cover until we get a nice pullback to strong support. Then I will recalculate my total losses. I project probably 40% of my gains.

Quoting PipTrapper
{quote} Money management including low leverage and taking partial profits at every opportunity. That's the key to survival in this business. I have to admit this summer has not been nice to me, but I am still up by 52% for the year so far. It's less than I usually do, but that's trading for you... sometimes you get slapped in the back of the head with a 2x4. Thanks to my MM helmet, no major injuries
Those who say it cannot be done should not interrupt those who are doing it
  • #69,986
  • Sep 19, 2013 11:20am Sep 19, 2013 11:20am
Quoting chip_super
PipTrapper i have bad news for You, someone from Goldman guys says: "Says credit markets are going to be bid, peripheral Europe and non-financial corporates will also benefit, along with the euro against the dollar (sees $1.40 as possible in coming months)" - Mr. Garzarelli
Thanks for letting me know. However, I don't listen to GS or any of the thieving big banks as they are the ones who got us in this mess in the first place. Instead of paying the price for their greed, they are profiting from it and the Fed is handing it to them on a silver platter with the life savings of Joe Blow and his family.

In reality what we have here is a Fed that has blown it. Now forward guidance means as much as my left nut. All we have to go by is the data and how we think the market is going to react to it, further based on how the market thinks the Fed is going to react to it (which at best is a guessing game)

Therefore, the plan now is to follow the technicals during periods of consolidation buying the dips and selling the peaks with tight stops whilst hoping for a breakout in your favour.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,987
  • Sep 19, 2013 11:22am Sep 19, 2013 11:22am
Quoting PipTrapper
{quote} I did bank half... that's why I only lost half. Actually I haven't lost half yet coz I still have some shorts open which I probably will not cover until we get a nice pullback to strong support. Then I will recalculate my total losses. I project probably 40% of my gains. {quote}
2x4..unfortunately true....finally green here..took 1/3...i just remembered the 2x4...next 1/3 is close by ....don't want to get hit...again....hard ass ..soft head...
  • #69,988
  • Sep 19, 2013 12:14pm Sep 19, 2013 12:14pm
Quoting PipTrapper
{quote} I did bank half... that's why I only lost half. Actually I haven't lost half yet coz I still have some shorts open which I probably will not cover until we get a nice pullback to strong support. Then I will recalculate my total losses. I project probably 40% of my gains. {quote}
G/U surprised me ... not thought to see this price....at least this year.
  • #69,989
  • Sep 19, 2013 12:38pm Sep 19, 2013 12:38pm
Quoting PipTrapper
{quote} Thanks for letting me know. However, I don't listen to GS or any of the thieving big banks as they are the ones who got us in this mess in the first place. Instead of paying the price for their greed, they are profiting from it and the Fed is handing it to them on a silver platter with the life savings of Joe Blow and his family. In reality what we have here is a Fed that has blown it. Now forward guidance means as much as my left nut. All we have to go by is the data and how we think the market is going to react to it, further based on...

that deserves a triple....n ++++++

did u read that chip_super?
  • #69,990
  • Sep 19, 2013 12:51pm Sep 19, 2013 12:51pm
Quoting TraderPablo
{quote} that deserves a triple....n ++++++ did u read that chip_super?
Glad you liked it. It's the bold truth. Nothing more, nothing less, all wrapped up in a vanilla coating (except for the part about my left nut... that was a bit colorful)
Those who say it cannot be done should not interrupt those who are doing it
  • #69,991
  • Sep 19, 2013 1:13pm Sep 19, 2013 1:13pm
Quoting Likerty
{quote} I'm doomed alcoholic - what can I say.. Actually EU could go for a strong correction before attacking the 3700 highs. 3570's is the place to look for reversal.. UJ showing bullish signs too - looks like yetserdays highs will be taken rather sooner than later
Alcoholic or a Fore'holic ?
The More You Learn, The More You Earn.....
  • #69,992
  • Sep 19, 2013 1:16pm Sep 19, 2013 1:16pm
Quoting venzen
EJ count update apologies no chart - too busy EJ has put in a new high above the 132.87 May top. I still interpret this as an irregular B wave meaning a C wave of some devastation will follow in due course. However, the B wave is a WXY structure and is currently in Y targeting 135.50 at a minimum. B waves can extend to 138% of the A wave that preceded them - in this case it puts the potential high of wave B at 138.40. Just in case you had some short lower down like myself. I manually closed to end the agony and take advantage of the...
You are on an Island, and your too busy ? Right...........
Attached Image (click to enlarge)
Click to Enlarge Name: hula g.jpg Size: 39 KB
The More You Learn, The More You Earn.....
  • #69,993
  • Sep 19, 2013 1:31pm Sep 19, 2013 1:31pm
Quoting venzen
{quote} hi Elite and friends, EJ is now at a major high but not done yet... I've got 134.50 as a target but this wave could easily go beyond. Have a look at the 1-2 base built since the 14th. Now in wave 3 and more upside to come. If this instrument wasn't so maxed out to the upside I'd have longed it since June, yet somehow it keeps pushing higher. The fact that BoJ clearly are adding Yen to the money base by the minute doesn't help... reminds me of the Dow or S&P that make 5 clear waves up then pull back a little to get some indicator room and...
UJ Talking here..........Weekly Chart

If you take the 800 pips wave 1 completed, and then you take that same 800 pips, wave 5 is going to make, that is the 106 area.............
The More You Learn, The More You Earn.....
  • #69,994
  • Sep 19, 2013 1:49pm Sep 19, 2013 1:49pm
Quoting forexalien
{quote} UJ Talking here..........Weekly Chart If you take the 800 pips wave 1 completed, and then you take that same 800 pips, wave 5 is going to make, that is the 106 area.............
Agreed, but that will likely not happen till early next year. This wave 4 correction still has a bit to go yet and also still has to reach down to 93.50 to 95.50 area.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,995
  • Sep 19, 2013 1:55pm Sep 19, 2013 1:55pm
Quoting PipTrapper
{quote} Agreed, but that will likely not happen till early next year. This wave 4 correction still has a bit to go yet and also still has to reach down to 93.50 to 95.50 area.
Agreed back at you.............
The More You Learn, The More You Earn.....
  • #69,996
  • Edited 7:26pm Sep 19, 2013 6:40pm | Edited 7:26pm
Quoting PipTrapper
{quote} Thanks for letting me know. However, I don't listen to GS or any of the thieving big banks as they are the ones who got us in this mess in the first place. Instead of paying the price for their greed, they are profiting from it and the Fed is handing it to them on a silver platter with the life savings of Joe Blow and his family. In reality what we have here is a Fed that has blown it. Now forward guidance means as much as my left nut. All we have to go by is the data and how we think the market is going to react to it, further based on...

During last 2 months...there was a huge investment into Europe markets(or you may call european,still UK is not Europe by their attitude or definition)...mainly it came from US... in EU you can not invest, at least you have GBP for London or EUR for Frankfurt and may be for frogeaters in Paris.... same trend is to be expected for next 2months....before reversal can happen; in trend, what even I want.(therefore rise of EUR within last 2 months)

You just neglect a bigger picture... we swim in a pool full of big sharks...we move with trend...not against it. Big sharks can mislead us, that happened with QE ending. You use position of OANDA trend... guess who use more sources, than me and You Altogether.

They use brute force of money, not even close to the technical analysis. Fundamentals, they know when Italian or Slovenian will ask for help. Public sources are not sufficient enough to make a decision based on fundamentals, we are speculants.

Why EUR/USD is not so much correlated to other units or gold.... people are buying stuff on Frankfurt borse.

PIP I cant help myself, Patriot of bucks... but economical situation is changing.... go with trend
  • #69,997
  • Sep 19, 2013 7:13pm Sep 19, 2013 7:13pm
Quoting forexalien
{quote} You are on an Island, and your too busy ? Right........... {image}
raaight.... dancing the forbidden lambada with lovely island ladies - only pausing to take profit and a cool drink of coconut milk.

http://fc07.deviantart.net/fs50/i/20..._ShoNuff44.jpg


just down the hill from my bungalow there's a path that leads to one of the beaches so i see most of the tourists that visit. A year ago this couple came over from the path and we chatted for a while. I saw them walking to the beach every day for 2 weeks - they'd wave, i'd wave. Last week I saw someone waving and it was them: He's been promoted, she's finished her masters degree, they've had a baby in the meantime and they were looking happy and alive. I'm sat in exactly the same chair as a year ago with the same sarong (washed of course) and thanks to the blasted Yen pairs - the same account balance. I was happy to see them but a bit miffed at the lack of progress on my part. I figure working smarter hasn't helped so i must work harder - especially now the Fed Zeppelin has messed up my triple revised trading plan!
cryptocurrency everytime
  • #69,998
  • Edited Sep 20, 2013 12:44am Sep 19, 2013 7:31pm | Edited Sep 20, 2013 12:44am
Quoting PipTrapper
{quote} Any speculation on what the rat smells like?
I thnk there is a plan B that is not being publicly communicated, something along the lines of:


1) central bankers' tool of choice has always been war

2) The Fed is actually tapering but protecting the markets by not divulging the fact

3) They have advance knowledge of an imminent extinction level event, so tapering would, after all, be just too much hard work seeing that any action is rendered futile.

The last point also explains why Bernanke looks clinically depressed, Yellen has those terrible moodswings and Draghi appears cynically amused... Summers couldn't stand the charade anymore and decided to spend the last days admiring his Clone Army.

http://ubuntuone.com/7kJG662fZgVmJthSomx1XT
cryptocurrency everytime
  • #69,999
  • Edited 8:04pm Sep 19, 2013 7:42pm | Edited 8:04pm
Quoting venzen
{quote} I thnk there is a plan B that is not being publicly communicated, something along the lines of: 1) central bankers' tool of choice has always been war 2) They are actually tapering but protecting the markets by not divulging the fact 3) They have advance knowledge of an imminent extinction level event, so tapering would, after all, be just too much hard work seeing that any action is rendered pointless.
sometimes i have a heart attack, after reading your gossips..

still have you ever heard of financial stability report? its made by central banks and then by the highest authority, within banking system... IMF ?

I still have a feeling that Your pursue image of ONE bank, ONE indentity... IMF is one bank ... what ever happens on FOREX; IMF is in touch. but its not even close to Federal Reserve... which is printing bullshit bucks and will untill Bernake is out...and untilll autumn 2014.

Already from my friends I hear what a f****ck, people went bonanza. I sell like its a booom... in 2007/ \US once again making a bullshit in house market
  • #70,000
  • Sep 19, 2013 8:58pm Sep 19, 2013 8:58pm
Interesting article up on Seeking Alpha with an alternate explanation for the non-taper event

http://seekingalpha.com/article/1701...cro_view&ifp=0
The spoken word is your master, the unspoken word your slave.
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