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My eurusd analysis journal

  • #1
  • First Post: Edited Apr 11, 2011 7:59pm Apr 7, 2011 7:43pm | Edited Apr 11, 2011 7:59pm
This thread will record my eurusd analysis day by day.
You can use it free or sell it too.. it's up to you

KG
  • #2
  • Edited 8:18pm Apr 7, 2011 7:46pm | Edited 8:18pm
My view..........

KG
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  • #3
  • Apr 7, 2011 9:08pm Apr 7, 2011 9:08pm
detail on chart below:

KG
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  • #4
  • Apr 7, 2011 10:00pm Apr 7, 2011 10:00pm
Still no sign that i can use to close my position or make an entry....

KG
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  • #5
  • Apr 8, 2011 12:44am Apr 8, 2011 12:44am
Here is the update 20 minutes before Europe open.

KG
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  • #6
  • Apr 8, 2011 2:19am Apr 8, 2011 2:19am
Here is about 14:00 pm, one hour before London Open. After big move since Tokyo open, now price is in consolidation (blue circle shape on my pict below) or in easy words I prefer to say that this situation is happened because buyers looks like starting doesn't like with price above today high offered by sellers. So, buyers and seller looks like starting to make a new consensus, which is made price move in ranging state. I don't know ejactly what is happened but i prefer to use that analogy that make me easy to understand because i have stupid brain.

I don't know where the price will go after this ranging state, continue to north or revers to south. i don't know... really i don't know.. what i can do is just keep watching it and use certain criteria to make a conclusion the bias of next movements. I think that's what we do as a trader, isn't ?

KG
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  • #7
  • Apr 8, 2011 5:13am Apr 8, 2011 5:13am
Closed buy position, +130 pips. Pict taken before i close it.
Waiting another entry setup.


KG
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  • #8
  • Apr 8, 2011 7:13am Apr 8, 2011 7:13am
Update big maps at New York Open.

KG
Attached Image(s) (click to enlarge)
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  • #9
  • Apr 8, 2011 7:39am Apr 8, 2011 7:39am
I open sell position at 1.4420.

Why?

1. Daily Range already 131 pips (120% of daily range average)
2. Price ranging in trending phase area of up wave y4-$ (1.4379 to 1.4424)

I assume that buyer could not accept price above 1.4424, price several time rejected to move above high price today (1.4424). MP help me to see the price distribution clearly around olive circle and I assume that buyers and seller are building a consensus area after buyers reject price above 1.4424 offered by sellers.

I don't know after this ranging movement around trending phase area of Up Wave y4-$, price will move up or down?. So, i am just trying to open the position near today high to minimize the loss if market decide to bring price higher.

sorry for my bad english...

KG
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  • #10
  • Apr 8, 2011 8:27am Apr 8, 2011 8:27am
Quoting Kang_Gun
I open sell position at 1.4420.

Why?

1. Daily Range already 131 pips (120% of daily range average)
2. Price ranging in trending phase area of up wave y4-$ (1.4379 to 1.4424)

I assume that buyer could not accept price above 1.4424, price several time rejected to move above high price today (1.4424). MP help me to see the price distribution clearly around olive circle and I assume that buyers and seller are building a consensus area after buyers reject price above 1.4424 offered by sellers.

I don't know after this ranging movement around trending...
SL BEP+1 was hit.
Just wait another moment... i think there is a news next 30 mnt..

KG
  • #11
  • Apr 9, 2011 6:47am Apr 9, 2011 6:47am
Here is an update of EURUSD big maps this weekend.
Actually you can use this information combine with your Trading System.

KG
Attached Image(s) (click to enlarge)
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  • #12
  • Edited 7:13pm Apr 10, 2011 6:56pm | Edited 7:13pm
Before Tokyo Open ...

KG

PS: Closed +20 pips
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  • #13
  • Apr 10, 2011 7:27pm Apr 10, 2011 7:27pm
Base on Up Wave y4-$ price is still in Trending Phase. I'm trying to Open Sell this morning to catch a retrace that could be happened on this wave. If this happened 1.4429 could be 1st target and 2nd target is 1.4368.

I will close this sell position if price stay above 1.4481.

KG
Attached Image (click to enlarge)
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  • #14
  • Apr 10, 2011 11:54pm Apr 10, 2011 11:54pm
Up Wave y4-$ is my focus now, and currently price on this wave still in Trending Phase (1.4429 to 1.4490). Let's see what's happened on this wave.

Since 07 May 2011 price accumulation is moving up till friday 08 May 2011 price reach 1.4490 the highest price on this wave. And since price reach 1.4490 till today we can see that price couldn't move above 1.4490. So, I assume that currently Buyers couldn't accept price above 1.4490 offer by Sellers and it's caused price move ranging between Trending Phase Area ( 1.4429 to 1.4490) of Up Wave y4-$ or in the other word Buyers and Sellers now is looking for a new consensus area.

Once again we don't know where price will go, so to make me confident i'm trying to plot last 24 hrs LSMA and SMA (Periode 48 on M30) and we can see that price is moving between LSMA and SMA. It's means price movements is not in Trending base last 24 hrs price data.

So, i assume that:

1. Price will continue moving up if price stay above 1.4478 and above LSMA (Blue yellow line).

2. Price will ranging between LSMA and SMA if price could not stay below 1.4429.

3. Price will moving down to 1.4368 if price stay below 1.4429 and below LSMA and SMA.

KG
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  • #15
  • Apr 11, 2011 1:09am Apr 11, 2011 1:09am
Quoting Kang_Gun
Up Wave y4-$ is my focus now, and currently price on this wave still in Trending Phase (1.4429 to 1.4490). Let's see what's happened on this wave.

Since 07 May 2011 price accumulation is moving up till friday 08 May 2011 price reach 1.4490 the highest price on this wave. And since price reach 1.4490 till today we can see that price couldn't move above 1.4490. So, I assume that currently Buyers couldn't accept price above 1.4490 offer by Sellers and it's caused price move ranging between Trending Phase Area ( 1.4429 to 1.4490) of Up Wave y4-$ or...
Close 1st OP +10 pips.
Move SL to BEP+1 for 2nd OP.
We'll see then...

KG
Attached Image (click to enlarge)
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  • #16
  • Apr 11, 2011 6:39am Apr 11, 2011 6:39am
Quoting Kang_Gun
Up Wave y4-$ is my focus now, and currently price on this wave still in Trending Phase (1.4429 to 1.4490). Let's see what's happened on this wave.

Since 07 May 2011 price accumulation is moving up till friday 08 May 2011 price reach 1.4490 the highest price on this wave. And since price reach 1.4490 till today we can see that price couldn't move above 1.4490. So, I assume that currently Buyers couldn't accept price above 1.4490 offer by Sellers and it's caused price move ranging between Trending Phase Area ( 1.4429 to 1.4490) of Up Wave y4-$ or...
Boring day huh !!!
But at least we already know this possibility could be happened ...

KG
  • #17
  • Apr 11, 2011 7:04am Apr 11, 2011 7:04am
OK, let' see could eurusd stay below 1.4429 and straight down to 1.4368 ???

KG
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  • #18
  • Apr 11, 2011 8:10am Apr 11, 2011 8:10am
Quoting Kang_Gun
OK, let' see could eurusd stay below 1.4429 and straight down to 1.4368 ???

KG
Close my latest sell +30 pips at 1.4429
Leave one sell which is already lock at BEP+1

i hope eurusd will stay below 1.4429 and down to 1.4368, but nobody knows hehehehe so, we'll see then....

KG
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  • #19
  • Apr 11, 2011 9:34am Apr 11, 2011 9:34am
add a new sell and put both sell position SL at 1.4495
we'll see

KG
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  • #20
  • Apr 11, 2011 6:48pm Apr 11, 2011 6:48pm
15 minutes before Tokyo Open conditions.

KG
Attached Image(s) (click to enlarge)
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