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EurAnalysis Kindergarten 24 replies

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  • #70,141
  • Sep 27, 2013 10:48am Sep 27, 2013 10:48am
The EU wants to put a cap on Banker's bonuses.
Yeah, smart move. Now all the good banker CEOs will head to Asia and US to take jobs there and all the incompetent nincompoops will be left to run the European banks.

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Those who say it cannot be done should not interrupt those who are doing it
  • #70,142
  • Sep 27, 2013 11:57am Sep 27, 2013 11:57am
EU - there isn't a new swing. Still in the range. Notable is also the double top.
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Per aspera ad astra
  • #70,143
  • Sep 27, 2013 12:09pm Sep 27, 2013 12:09pm
Quoting jpadvisor
EU - there isn't a new swing. Still in the range. Notable is also the double top. {image}
It could be a sideways wave 4 range, or a truncated wave 5 as a double top. Only time will tell.
Infinitus in "The Club" thread suggests this may be part of a 5 wave ending diagonal. I support that possibility also.
With moves Like this, the only time the picture becomes a bit more clear is after a breakout.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,144
  • Sep 27, 2013 12:32pm Sep 27, 2013 12:32pm
Quoting PipTrapper
{quote} It could be a sideways wave 4 range, or a truncated wave 5 as a double top. Only time will tell. Infinitus in "The Club" thread suggests this may be part of a 5 wave ending diagonal. I support that possibility also. With moves Like this, the only time the picture becomes a bit more clear is after a breakout.
Yeah... It looks very promising to BEARs on DAILY...
Third touch on important resistance line, double top forming on 4H and 1H...
Also bearish divergence on 4H.... BUT!!!
BUT if anybody thinks we will go straight line to 1.3000 he may be disappointed.
Next week is packed with mickeymouse trading.

Wednesday - ADP and ECB press conference, plus Ben Bernanke as a cherry on the top

Thursday - unemployment and ISM

and my favorite, Non Farm on Friday. ;-)))) Coooooollllllllll

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Read Charts - Not Papers
  • #70,145
  • Sep 27, 2013 3:17pm Sep 27, 2013 3:17pm
Quoting PipTrapper
{quote} It could be a sideways wave 4 range, or a truncated wave 5 as a double top. Only time will tell. Infinitus in "The Club" thread suggests this may be part of a 5 wave ending diagonal. I support that possibility also. With moves Like this, the only time the picture becomes a bit more clear is after a breakout.
I follow Marcus' thread but I'm not so keen on Ewp count.
Per aspera ad astra
  • #70,146
  • Sep 27, 2013 3:34pm Sep 27, 2013 3:34pm
daily chart..
one more for the road charts ...

a week full of movements in the E / U bit is to add...
(without comments)
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good weekends for all
  • #70,147
  • Sep 28, 2013 7:54am Sep 28, 2013 7:54am
Currency Positioning and Technical Outlook: No Comfort Yet for Dollar Bulls
http://www.marctomarket.com/2013/09/...hnical_28.html
Those who say it cannot be done should not interrupt those who are doing it
  • #70,148
  • Sep 28, 2013 1:43pm Sep 28, 2013 1:43pm
Quoting PipTrapper
Currency Positioning and Technical Outlook: No Comfort Yet for Dollar Bulls http://www.marctomarket.com/2013/09/...hnical_28.html

x this out

http://www.cftc.gov/dea/futures/financial_lf.htm
  • #70,149
  • Edited 5:58pm Sep 28, 2013 5:37pm | Edited 5:58pm
Is that the sound of an iceberg slicing through the hull?

Italian government breaks up after Berlusconi pulls out ministers
http://www.cnbc.com/id/101070589
Those who say it cannot be done should not interrupt those who are doing it
  • #70,150
  • Sep 28, 2013 6:15pm Sep 28, 2013 6:15pm
Italian government collapses and the US government shutdown looks to be a very real possibility.
I smell a serious care of "risk-aversion" on Sunday night / Monday morning.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,151
  • Sep 28, 2013 7:44pm Sep 28, 2013 7:44pm
Quoting PipTrapper
Italian government collapses and the US government shutdown looks to be a very real possibility. I smell a serious care of "risk-aversion" on Sunday night / Monday morning.
Hi PT,

If I remember correctly, there were two government shutdowns in 1995 and it had little impact on USD. This time, might have more of an impact as people might start to fret about the debt ceiling and the odds that they are not able to reach a deal. Been thinking about this one and have not come to any conclusions yet.

But an interesting article on the subject:

http://research.nordeamarkets.com/en...ot-be-ignored/
The world you desire can be won. It exists.. it is real.. it is possible..
  • #70,152
  • Sep 28, 2013 8:26pm Sep 28, 2013 8:26pm
go short the us and go short the euro...haven't figured out how i'm gonna do this in my eu/usd account........
  • #70,153
  • Sep 28, 2013 9:29pm Sep 28, 2013 9:29pm
hmmmm.....

http://static.cdn-seekingalpha.com/u...Jay-Norris.png

http://seekingalpha.com/instablog/16...rly-then-never
The world you desire can be won. It exists.. it is real.. it is possible..
  • #70,154
  • Sep 28, 2013 9:57pm Sep 28, 2013 9:57pm
Quoting Mr. Scott
hmmmm..... {image} http://seekingalpha.com/instablog/16...rly-then-never
well my attention span does not last that long......too risky....good article nevertheless...tk cr tp
  • #70,155
  • Sep 28, 2013 10:00pm Sep 28, 2013 10:00pm
Quoting Mr. Scott
{quote} Hi PT, If I remember correctly, there were two government shutdowns in 1995 and it had little impact on USD. This time, might have more of an impact as people might start to fret about the debt ceiling and the odds that they are not able to reach a deal. Been thinking about this one and have not come to any conclusions yet. But an interesting article on the subject: http://research.nordeamarkets.com/en...ot-be-ignored/
Alien just gave the Government some more Money, they might be able to stay open a few more micro seconds for now.............

Every Man, Woman, and Child owes about $46,000 and the USA would be near debt Free................
The More You Learn, The More You Earn.....
  • #70,156
  • Sep 28, 2013 10:05pm Sep 28, 2013 10:05pm
Quoting forexalien
{quote} Alien just gave the Government some more Money, they might be able to stay open a few more micro seconds for now............. Every Man, Woman, and Child owes about $46,000 and the USA would be near debt Free................
Thanks Alien, but while you are in a giving mood, please don't forget about the $100 Trillion in unfunded liabilities.

Thank you in advance.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #70,157
  • Sep 28, 2013 10:07pm Sep 28, 2013 10:07pm
Quoting forexalien
{quote} Alien just gave the Government some more Money, they might be able to stay open a few more micro seconds for now............. Every Man, Woman, and Child owes about $46,000 and the USA would be near debt Free................
hey fxaln...i'm glad i don't have to carry new pos. over the weekend....it will be an "exiting" week and with October coming around...rather interesting...i would liquefy 1/2 my stocks this month..and c what happens...too risky....
  • #70,158
  • Sep 28, 2013 10:08pm Sep 28, 2013 10:08pm
Quoting Mr. Scott
{quote} Thanks Alien, but while you are in a giving mood, please don't forget about the $100 Trillion in unfunded liabilities. Thank you in advance.
True !

The Hell with Retirement and Medicare and Free School Lunches...........etc

Our Poor Children and Grand Babies.........................
The More You Learn, The More You Earn.....
  • #70,159
  • Sep 28, 2013 10:09pm Sep 28, 2013 10:09pm
Quoting TraderPablo
{quote} hey fxaln...i'm glad i don't have to carry new pos. over the weekend....it will be an "exiting" week and with October coming around...rather interesting...i would liquefy 1/2 my stocks this month..and c what happens...too risky....
Good Luck....!
The More You Learn, The More You Earn.....
  • #70,160
  • Sep 28, 2013 10:11pm Sep 28, 2013 10:11pm
Quoting forexalien
{quote} True ! The Hell with Retirement and Medicare and Free School Lunches...........etc Our Poor Children and Grand Babies.........................
Hello my alien friend,

Any thoughts/chart on EUR? I have been waiting to enter some shorts.

IMO, looks like we still need C down and more up.
The world you desire can be won. It exists.. it is real.. it is possible..
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