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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #71,121
  • Dec 1, 2013 7:36pm Dec 1, 2013 7:36pm
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Those who say it cannot be done should not interrupt those who are doing it
  • #71,122
  • Dec 1, 2013 7:44pm Dec 1, 2013 7:44pm
Hope this 1.3580-1.3620 range can brew for a while longer, would be great if this will sit until london open, then can sell the break under 1.3580 and hope it runs. Otherwise sell the stop run above up above 1.3625
Twitter: @TrendersGame
  • #71,123
  • Dec 1, 2013 7:59pm Dec 1, 2013 7:59pm
Quoting Citiboy
Hope this 1.3580-1.3620 range can brew for a while longer, would be great if this will sit until london open, then can sell the break under 1.3580 and hope it runs. Otherwise sell the stop run above up above 1.3625
Okay the news is all out of the way now and any significant moves between now and London open are highly unlikely.

Oops. Maybe Kuroda will move the market a bit in 30 minutes, but I seriously doubt it will be much.

USD has taken a bit of a beating here, but I've been expecting this as a selling climax before the upcoming impulse upwards. This will also probably translate into a reversal/pullback in Euro and Cable tomorrow. Of course I don't have a crystal ball, so we'll have to wait and see.

Off to catch some sleep now. I'll be back for LO. G'night.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,124
  • Dec 1, 2013 10:18pm Dec 1, 2013 10:18pm
IMO the previously much abused voucher system was predominantly a "buddy/a$$ ki$$ing" system (with a few exceptions), whereas the new MIRS system may evolve into a form of "facebook" social system where the a$$ ki$$ing will be directed to groups instead of a few to boost a member's popularity..

Under the current inter-market alignment with Cable above 1.62, EURGBP above .82 & EURJPY above 135, our beloved Euro "Boomerang" has no choice but move side to up to the dismay of those trying to pick a M/T top..
fwiww (Fx Works In Wacky Ways? )
  • #71,125
  • Dec 2, 2013 2:18am Dec 2, 2013 2:18am
Good morning everyone.

London has opened, the FTSE100 is at range low and our first EZ data release looks weak

Spanish manufacturing PMI 48.6 vs 51.3 expected vs 50.9 prior
Those who say it cannot be done should not interrupt those who are doing it
  • #71,126
  • Dec 2, 2013 2:29am Dec 2, 2013 2:29am
Cable looks like it has one more push upwards left in it as long as 1.6385 support holds. Therefore still holding long from 6242 and 6333

G/U H1
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Euro on the other hand is out of gas, so I'm flat.

E/U H1
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Those who say it cannot be done should not interrupt those who are doing it
  • #71,127
  • Dec 2, 2013 2:33am Dec 2, 2013 2:33am
Markit Spain Manufacturing PMI
http://www.markiteconomics.com/Surve...88dc6202769b75
Those who say it cannot be done should not interrupt those who are doing it
  • #71,128
  • Dec 2, 2013 2:41am Dec 2, 2013 2:41am
Good Day

I am reading this, I hope someone will find it usefull.
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File Type: pdf Mental_Fitness_For_Traders.pdf   700 KB | 301 downloads
Wherever you go, there you are.
  • #71,129
  • Dec 2, 2013 2:52am Dec 2, 2013 2:52am
Quoting milam
Good Day I am reading this, I hope someone will find it usefull. {image}
Thanks Milam. I am sure many will find it beneficial. I'm going to read it later
Those who say it cannot be done should not interrupt those who are doing it
  • #71,130
  • Dec 2, 2013 2:55am Dec 2, 2013 2:55am
Quoting PipTrapper
{quote} Thanks Milam. I am sure many will find it beneficial. I'm going to read it later
Wherever you go, there you are.
  • #71,131
  • Dec 2, 2013 2:56am Dec 2, 2013 2:56am
E/U key support is 1.3486 area. That is where the bull/bear battle will take place IMO. If the bears win that one, then the next stops are 1.3400, 1.3295 and 1.3088
Those who say it cannot be done should not interrupt those who are doing it
  • #71,132
  • Dec 2, 2013 3:03am Dec 2, 2013 3:03am
Eurozone final Mfg PMI 51.6 vs 51.5 expected vs 51.5 prior
Those who say it cannot be done should not interrupt those who are doing it
  • #71,133
  • Dec 2, 2013 3:30am Dec 2, 2013 3:30am
Quoting PipTrapper
Cable looks like it has one more push upwards left in it as long as 1.6385 support holds. Therefore still holding long from 6242 and 6333 G/U H1 {image} Euro on the other hand is out of gas, so I'm flat. E/U H1 {image}
Support held and was saved by the UK Mfg PMI
58.4 vs 56.5 expected vs 56.0 prior
Those who say it cannot be done should not interrupt those who are doing it
  • #71,134
  • Dec 2, 2013 3:33am Dec 2, 2013 3:33am
PLayed the old breakout technique. max short at 1.3576, stop loss now at 1.3580. Anyone else got on board here in the last hour?
Twitter: @TrendersGame
  • #71,135
  • Dec 2, 2013 3:33am Dec 2, 2013 3:33am

Gents,


Would you be so kind to explain why euro didn’t like better PMI data? 30pips down after better data for EUR? I know Spain is down, but overall is up. I know H&S pattern, but it was Friday with S&P downgrading NL from tripleA. Also, better overall data for EUR (excluding GER) cross-outs rate-cut and additional stimulus programs for EUR that GER is against? I’m totally clueless with this move. I only regret closing short on Friday from 13610 I had.


cheers

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  • #71,136
  • Dec 2, 2013 3:39am Dec 2, 2013 3:39am
Quoting mario83
Gents, Would you be so kind to explain why euro didn’t like better PMI data? 30pips down after better data for EUR? I know Spain is down, but overall is up. I know H&S pattern, but it was Friday with S&P downgrading NL from tripleA. Also, better overall data for EUR (excluding GER) cross-outs rate-cut and additional stimulus programs for EUR that GER is against? I’m totally clueless with this move. I only regret closing short on Friday from 13610 I had. cheers {image}
The Euro has nothing to do with this move. This is USD bullish resurgence.

Even Cable with fantastic PMI is having a hard time staying up
And Aussie is starting to melt again.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,137
  • Dec 2, 2013 3:41am Dec 2, 2013 3:41am
Quoting Citiboy
PLayed the old breakout technique. max short at 1.3576, stop loss now at 1.3580. Anyone else got on board here in the last hour?
I am waiting for bearish breakout confirmation below 1.3486. Then I will sell rallies.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,138
  • Dec 2, 2013 3:41am Dec 2, 2013 3:41am
Quoting mario83
Gents, Would you be so kind to explain why euro didn’t like better PMI data? 30pips down after better data for EUR? I know Spain is down, but overall is up. I know H&S pattern, but it was Friday with S&P downgrading NL from tripleA. Also, better overall data for EUR (excluding GER) cross-outs rate-cut and additional stimulus programs for EUR that GER is against? I’m totally clueless with this move. I only regret closing short on Friday from 13610 I had. cheers {image}


What site is this data from bro? Just wondering because the FF calendar doesnt usually have that much data... especially from non G10.
Twitter: @TrendersGame
  • #71,139
  • Dec 2, 2013 3:43am Dec 2, 2013 3:43am
Quoting Citiboy
{quote} What site is this data from bro? Just wondering because the FF calendar doesnt usually have that much data... especially from non G10.
If you're looking for a better calendar than FF, go here >>> http://www.investing.com/economic-calendar/

Attached Image (click to enlarge)
Click to Enlarge Name: Economic Calendar - Investing.com.png Size: 38 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #71,140
  • Dec 2, 2013 3:45am Dec 2, 2013 3:45am
Quoting mario83
Gents, Would you be so kind to explain why euro didn’t like better PMI data? 30pips down after better data for EUR? I know Spain is down, but overall is up. I know H&S pattern, but it was Friday with S&P downgrading NL from tripleA. Also, better overall data for EUR (excluding GER) cross-outs rate-cut and additional stimulus programs for EUR that GER is against? I’m totally clueless with this move. I only regret closing short on Friday from 13610 I had. cheers {image}

Hey man also remember Germany and France both have flash versions of their data that are reported weeks earlier than these final prints you saw today. The effect is that the Spanish and Italian prints are 'new', (there is no flash print) and the German and French data is 'final' meaning that the flash print was a week or so ago. Nov 21 i think

Net net, new data introduced to the market was EUR negative because spain is slowing
Twitter: @TrendersGame
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