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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,821
  • Aug 15, 2012 10:07am Aug 15, 2012 10:07am
Great scalping day on E/U, E/J, A/U and E/A today fellas. Hope everyone did well.
  • #47,822
  • Aug 15, 2012 10:07am Aug 15, 2012 10:07am
after a few trades went in i started compounding and made the equivilent of 220 pips if you know what i mean lol. It has been another good study day too
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,823
  • Edited 10:39am Aug 15, 2012 10:07am | Edited 10:39am
Followup to this mornings post.
Thought I had a pretty good fill USD/CAD long .9917 from other day. Then it broke .9900 level convincingly.
Mainly ongoing capital flight from Euro/CAD
But now I see that G.S. has changed their tune on more QE so will hold the long and see what the afternoon US session produces.
The only thing holding up equities at these levels was the perception of further easing from the Fed. Market did ignore Fisher just the other day.

The USD has really only rallied against the Euro, but this G.S. alternate vision may broaden the base.

Holding the GBP/USD short as resistance of 200 sma Daily has not been tested today.

Have not traded the euro much as too many cooks in the kitchen for me in Europe.
  • #47,824
  • Aug 15, 2012 10:08am Aug 15, 2012 10:08am
hi buddy, i been scalping oil and did well
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,825
  • Aug 15, 2012 10:09am Aug 15, 2012 10:09am
Hi PT,

I was trying to find what parameters you set for your U/J trade but can't seem to find it...

Would you mind posting parameters again?

*Hope everybody's been having a good day.
  • #47,826
  • Aug 15, 2012 10:16am Aug 15, 2012 10:16am
Quoting FXSwissTrader
Great scalping day on E/U, E/J, A/U and E/A today fellas. Hope everyone did well.
Doing better with crude than I am with E/U today. Range on E/U today has only been 79.2 pips
I observe your reality but live my own.
  • #47,827
  • Aug 15, 2012 10:28am Aug 15, 2012 10:28am
Quoting Cgb
Doing better with crude than I am with E/U today. Range on E/U today has only been 79.2 pips
You love that bubbly stuff don't you uncle Jed? This is your new national anthem.

Inserted Video
  • #47,828
  • Aug 15, 2012 10:31am Aug 15, 2012 10:31am
Quoting FXSwissTrader
You love that bubbly stuff don't you uncle Jed? This is your new national anthem.

http://www.youtube.com/watch?v=NwzaxUF0k18


Yup, until it hits the 200SMA at 96.60
I observe your reality but live my own.
  • #47,829
  • Aug 15, 2012 10:42am Aug 15, 2012 10:42am
until it reaches 96.60 is that to do with approx 3rd feb low
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,830
  • Aug 15, 2012 10:46am Aug 15, 2012 10:46am
Hmm, that might be today if it continues! Up 200 points so far. Another 180 to target.

Now here's what worries me right now... On the first 100 point move the US dollar reacted accordingly, it went down as crude rose. For the next 100 pips the US dollar has not budged. This leads me to believe it (the US dollar) is being kept artificially at it's current level. The CAD has certainly dropped in accordance. Gold has gone comatose ($2 range in the last 2 hours).

Something will give here... We're painting a nice inverse head and shoulder on E/U right now with the right should being formed.

Do you have your pit helmet ready?
Attached Image
I observe your reality but live my own.
  • #47,831
  • Aug 15, 2012 10:49am Aug 15, 2012 10:49am
Quoting billytt
until it reaches 96.60 is that to do with approx 3rd feb low
No, but it does match up. It was the 100SMA Feb 3rd that held it up. Now hopefully it will be the 200 SMA.
I observe your reality but live my own.
  • #47,832
  • Aug 15, 2012 10:54am Aug 15, 2012 10:54am
Quoting Cgb
No, but it does match up. It was the 100SMA Feb 3rd that held it up. Now hopefully it will be the 200 SMA.
and don't forget the macd bearish divergence
  • #47,833
  • Aug 15, 2012 11:04am Aug 15, 2012 11:04am
This sounds like too much fun to pass up... Fun with an R8. I've just registered! Weeeee!

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I observe your reality but live my own.
  • #47,834
  • Aug 15, 2012 11:09am Aug 15, 2012 11:09am
Quoting Cgb
This sounds like too much fun to pass up... Fun with an R8. I've just registered! Weeeee!

https://www.youtube.com/watch?v=VBq_Y-YBkZU
You can move to Europe and have a driving experience everyday, especially in Germany. Weeeeeeeeeeeeeeeeee!
  • #47,835
  • Aug 15, 2012 11:14am Aug 15, 2012 11:14am
daughter walking past me off to bed about 10 mins ago, points at the monitor and says (look sell) so i did and 16 pips profit lol, and she wants the money for it lol. that was oil again
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,836
  • Aug 15, 2012 11:15am Aug 15, 2012 11:15am
Quoting FXSwissTrader
You can move to Europe and have a driving experience everyday, especially in Germany. Weeeeeeeeeeeeeeeeee!
I wish! I can barely open up the A6 here. Too many cops and the roads are always busy with people who think the left lane is *their* lane at 95 kms. F&^king a$$holes! They think the "Slower traffic keep right" sign is a suggestion
I observe your reality but live my own.
  • #47,837
  • Aug 15, 2012 11:17am Aug 15, 2012 11:17am
Quoting billytt
daughter walking past me off to bed about 10 mins ago, points at the monitor and says (look sell) so i did and 16 pips profit lol, and she wants the money for it lol. that was oil again
Did you notice that was at the .80 mark? Your daughter sure has good eyes!
I observe your reality but live my own.
  • #47,838
  • Aug 15, 2012 11:17am Aug 15, 2012 11:17am
Cgb et al, which crims do you use? I'm with IamForex, and they do not have crude. And you guys are making me jealous, because all I can do is count paper...
  • #47,839
  • Aug 15, 2012 11:20am Aug 15, 2012 11:20am
Hey billyt, I want to retire - can I marry your daughter? Then she can trade, and I can fish...
  • #47,840
  • Aug 15, 2012 11:20am Aug 15, 2012 11:20am
Quoting 100PipsADay
Hi PT,

I was trying to find what parameters you set for your U/J trade but can't seem to find it...

Would you mind posting parameters again?

*Hope everybody's been having a good day.
The original params were
Entry short at 78.84
Stop Loss at 79.10
TP1 at 77.6 where I would take 75% off the table and set SL at BE or trail the trade from there (not decided)

However, I have since changed my outlook on the pair because it breached the bottom wedge support before heading up to trigger the sell limit.
This changed the pattern from a rising wedge to an equidistant rising channel (Probable bear flag). So SL has been removed for now until I see and analyse further PA. Profit targets remain the same.
Those who say it cannot be done should not interrupt those who are doing it
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