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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #70,861
  • Nov 21, 2013 10:41am Nov 21, 2013 10:41am
Here we go again.

ECB's Asmussen would not exclude negative deposit rates; says ECB 'technically ready' to use negative deposit rates

Roller coaster
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Flip Flop
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Those who say it cannot be done should not interrupt those who are doing it
  • #70,862
  • Nov 21, 2013 1:03pm Nov 21, 2013 1:03pm
Quoting PipTrapper
Here we go again. ECB's Asmussen would not exclude negative deposit rates; says ECB 'technically ready' to use negative deposit rates Roller coaster {image} Flip Flop {image}
PHEW !!!! Doesn't it smell sooooo bad in Brussels, all that BS...

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Short Euro and remaining that way. That's just the way it is !
  • #70,863
  • Nov 21, 2013 2:01pm Nov 21, 2013 2:01pm
My trading plan for now is as follows...

I have shorts at 1.3400 1.3450 I closed my short from 1.3550 earlier for +100 pips. I will take a heavy short above 1.3550 with SL above 1.3600. I will close all shorts on a break of 1.3700. I really like the way the daily and the 4h Are starting to look and fundamentally euro is going to get worse and worse.
  • #70,864
  • Nov 21, 2013 2:50pm Nov 21, 2013 2:50pm
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Lol, don't infer what we explicitly stated yesterday. Che cazo
  • #70,865
  • Nov 21, 2013 11:44pm Nov 21, 2013 11:44pm
Quoting Enzough
{image} Lol, don't infer what we explicitly stated yesterday. Che cazo
Draghi was speaking to a German audience. He only said that to make them happy and apparently he did. I watched the feed and when he said "do not infer negative deposit rates", many audience members smiled.

Yesterday Asmussen said "ECB 'technically ready to use negative deposit rates" "
Those who say it cannot be done should not interrupt those who are doing it
  • #70,866
  • Nov 22, 2013 12:05am Nov 22, 2013 12:05am
Short @ 1.3485
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  • #70,867
  • Nov 22, 2013 12:09am Nov 22, 2013 12:09am
Quoting gone4pips
Short @ 1.3485 {image}
Nice pic. Good luck to both of us.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,868
  • Nov 22, 2013 12:32am Nov 22, 2013 12:32am
GM - FYI Draghi is now due to speak at 8:30 am GMT - that's now - and not 10:30 as publicised....
Trading Levels with WRBs
  • #70,869
  • Nov 22, 2013 12:35am Nov 22, 2013 12:35am
Quoting Islander
GM - FYI Draghi is now due to speak at 8:30 am GMT - that's now - and not 10:30 as publicised....

I hope the bears are with him today
  • #70,870
  • Nov 22, 2013 12:42am Nov 22, 2013 12:42am
Quoting Islander
GM - FYI Draghi is now due to speak at 8:30 am GMT - that's now - and not 10:30 as publicised....
Hmmm Speaking to a German audience again. Probably will be flipflopping again.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,871
  • Nov 22, 2013 4:39am Nov 22, 2013 4:39am
My take on current EURUSD and GBPUSD :

Euro and GBP not doing as what most traders think they should be, i feel most traders are trying to short both these pairs, i think if we hold below yesterday high, then we could see a possible break of 1.3400 will this give a chance to go 1.3250 area again, break of 1.36 will turn back higher 1.38+

GBP is ranging 1.6250/1.5900 , but last break above 1.6050 is giving power towards 1.6250 a break of this level then we go 1.63/1.64 minimum!

so those who are SHORT these pairs then good stops should be around 1.36 and 1.6270

But short positions are dangerous, while prices are above 1.3400 and 1.6050

My 2 cents!
Cheers!!
  • #70,872
  • Nov 22, 2013 6:33am Nov 22, 2013 6:33am
NY opening bell has rung. This is do or die time. Will we get a Friday sell-off or will the heroin (QE) madness rage on?
Those who say it cannot be done should not interrupt those who are doing it
  • #70,873
  • Nov 22, 2013 6:34am Nov 22, 2013 6:34am
Quoting PipsMaster23
...short positions are dangerous, while prices are above 1.3400 and 1.6050 My 2 cents!
Very true, but this is where they offer the best RR.

Below those levels you'll be shorting from the middle of nowhere.
Those who say it cannot be done should not interrupt those who are doing it
  • #70,874
  • Nov 22, 2013 6:40am Nov 22, 2013 6:40am
Quoting PipTrapper
NY opening bell has rung. This is do or die time. Will we get a Friday sell-off or will the heroin (QE) madness rage on?
my vote......
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Trading Levels with WRBs
  • #70,875
  • Nov 22, 2013 6:45am Nov 22, 2013 6:45am
Quoting PipTrapper
{quote} Very true, but this is where they offer the best RR. Below those levels you'll be shorting from the middle of nowhere.
I Agree 100% on that , just saying its more probable to be correct shorting from the levels i mentioned.

But again for the best R:R current levels are also attractive too in their own right!
Cheers!!
  • #70,876
  • Nov 22, 2013 6:55am Nov 22, 2013 6:55am
Quoting PipTrapper
NY opening bell has rung. This is do or die time. Will we get a Friday sell-off or will the heroin (QE) madness rage on?
LOL, seems everyone is a crackhead!!!

Am i allowed to say that?
Cheers!!
  • #70,877
  • Nov 22, 2013 7:22am Nov 22, 2013 7:22am
A good read. Most recommended...

Central Banks Force Massive Forex Position Adjustment
http://seekingalpha.com/article/1854...for_3_40&ifp=0
Those who say it cannot be done should not interrupt those who are doing it
  • #70,878
  • Nov 22, 2013 10:05am Nov 22, 2013 10:05am
13 CONSECUTIVE (well, pretty much, 1 measly doji) 4H up candles...unfckingbelievable.

at the same time there's AUD-EUR 10y yield spread which is in a clear uptrend WHICH should reflect the value of money (currency).

You can't make this stuff up...thanks, Central Bank *****s
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  • #70,879
  • Nov 22, 2013 11:36am Nov 22, 2013 11:36am
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Those who say it cannot be done should not interrupt those who are doing it
  • #70,880
  • Nov 22, 2013 12:25pm Nov 22, 2013 12:25pm
Sure looks like a nice chart PT.
Short Euro and remaining that way. That's just the way it is !
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