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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #65,941
  • Feb 19, 2013 12:25am Feb 19, 2013 12:25am
Quoting CurrencyMan
Hello Everyone

What happened here?

Is PiPTrapper on holiday?

Where is everyone. ?

JUST WONDERING???
Yep

http://i.telegraph.co.uk/multimedia/...a_2365102b.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #65,942
  • Feb 19, 2013 2:43am Feb 19, 2013 2:43am
Quoting PipTrapper
Yep

http://i.telegraph.co.uk/multimedia/...a_2365102b.jpg

Hello

Glad to see you enjoying life. One day we will visit and I might want to move out of Canada for the Winter as February has been way too cold for me.

What a great way to trade with PMA. Positive Mental Attitude. Nice to post here again.
  • #65,943
  • Feb 19, 2013 3:12am Feb 19, 2013 3:12am
Quoting PipTrapper
Yep
Now I can understand why PipTrapper once said; "My shorts are under water"
Read Charts - Not Papers
  • #65,944
  • Feb 19, 2013 3:23am Feb 19, 2013 3:23am
Quoting halkins
Now I can understand why PipTrapper once said; "My shorts are under water"
Good Morning

I just saw that there was a Good ZEW at 5:00 AM

Actually quite good. EUR/USD spiked up on the news and now I see it has headed down. Any thoughts on this from a Technical point of view ?

Have a good FX trading day.
  • #65,945
  • Feb 19, 2013 4:49am Feb 19, 2013 4:49am
Hello all,
Who knows, maybe we will finally exit this 4-day sideways action (bear flag at low) today...

On the 4-hour chart, the Euro FX futures has resistance at 1.3380 area with a stop above 1.3405 and 1st target down at 1.3270s. If we reach the first short target the Euro has the potential to revisit 1.2900 imho.

Good luck
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,946
  • Feb 19, 2013 4:51am Feb 19, 2013 4:51am
Hi Currency, have a look at my previous post: http://www.forexfactory.com/showthre...14#post6448714

Have a great and safe trading day too.
Ciao
G.


Quoting CurrencyMan
Good Morning

I just saw that there was a Good ZEW at 5:00 AM

Actually quite good. EUR/USD spiked up on the news and now I see it has headed down. Any thoughts on this from a Technical point of view ?

Have a good FX trading day.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,947
  • Feb 19, 2013 4:52am Feb 19, 2013 4:52am
Quoting CurrencyMan
Good Morning

I just saw that there was a Good ZEW at 5:00 AM

Actually quite good. EUR/USD spiked up on the news and now I see it has headed down. Any thoughts on this from a Technical point of view ?

Have a good FX trading day.
It is not technically ready to head up to re-test the 1.35xx area until 1.3085 or 1.2985 areas are tested first. The long Euro position is a bit crowded so some relief is now due.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,948
  • Feb 19, 2013 6:04am Feb 19, 2013 6:04am
I like it Pip... enjoy your holidays...

Quoting PipTrapper
It is not technically ready to head up to re-test the 1.35xx area until 1.3085 or 1.2985 areas are tested first. The long Euro position is a bit crowded so some relief is now due.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,949
  • Feb 19, 2013 8:01am Feb 19, 2013 8:01am
Quoting CurrencyMan
Good Morning
I just saw that there was a Good ZEW at 5:00 AM
Actually quite good. EUR/USD spiked up on the news and now I see it has headed down. Any thoughts on this from a Technical point of view ?
Have a good FX trading day.
Hi guys...
Actually I am slightly BULLISH.
The only obsticles I am waiting to be broken are all on 4H chart, it's 50EMA and ascending resistance line.
If price goes down, however I would like to BUY more in supply/demand area (orange square on chart).
Anyway.... two boring days

Attached Image (click to enlarge)
Click to Enlarge Name: eurousd.gif Size: 30 KB
Read Charts - Not Papers
  • #65,950
  • Feb 19, 2013 8:18am Feb 19, 2013 8:18am
Any technical target for U/J ? It is bombing within a tiny range.
  • #65,951
  • Feb 19, 2013 8:23am Feb 19, 2013 8:23am
Quoting rekon67
Any technical target for U/J ? It is bombing within a tiny range.
Every timeframe shows something different so the price is squeezed now between few resistance lines on 1H and support lines on 4H.
It's all ready to break in couple of hours.
Read Charts - Not Papers
  • #65,952
  • Feb 19, 2013 8:58am Feb 19, 2013 8:58am
Quoting halkins
Every timeframe shows something different so the price is squeezed now between few resistance lines on 1H and support lines on 4H.
It's all ready to break in couple of hours.
Yeah, a good retrace down is due.
  • #65,953
  • Feb 19, 2013 9:07am Feb 19, 2013 9:07am
Quoting halkins
Hi guys...
Actually I am slightly BULLISH.
The only obsticles I am waiting to be broken are all on 4H chart, it's 50EMA and ascending resistance line.
If price goes down, however I would like to BUY more in supply/demand area (orange square on chart).
Anyway.... two boring days

Attachment
Entered a small short at 1.3391 based on the 55MA resistance on H4 and 200MA resistance on H1 in confluence with last Friday's high and 38.2% of the move down from Wednesday's high to Friday's Low. The price area also offers resistance in the form of today's DM5 Mid-Pivot (mid-point between R1 and R2) and This week's weekly pivot. Couldn't resist (pun intended) this one as it offers a great RR for a scalp back down to range low.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,954
  • Feb 19, 2013 11:38am Feb 19, 2013 11:38am
My sell target was at: 1.33000! from 1.33900!
  • #65,955
  • Feb 19, 2013 12:08pm Feb 19, 2013 12:08pm
Quoting Nicoi
My sell target was at: 1.33000! from 1.33900!
Range low is 1.3305
Those who say it cannot be done should not interrupt those who are doing it
  • #65,956
  • Feb 19, 2013 7:38pm Feb 19, 2013 7:38pm
Updating the latest spreadsheet screen shot - looking good
Attached Image (click to enlarge)
Click to Enlarge Name: eucast.jpg Size: 397 KB
  • #65,957
  • Feb 19, 2013 11:11pm Feb 19, 2013 11:11pm
Quoting PipTrapper
Range low is 1.3305
Looks like the 38 level is holding for now with divergence on the 15min but should it give she will want to test 88 for sure...a pull back to the 50 level before another push up could also be on the cards..TWT
Attached Image (click to enlarge)
Click to Enlarge Name: 1heu.gif Size: 35 KB
Those that say do not know. Those that know do not say.
  • #65,958
  • Feb 19, 2013 11:56pm Feb 19, 2013 11:56pm
I see bullish E/U retest 1.36xx.
  • #65,959
  • Feb 20, 2013 12:46am Feb 20, 2013 12:46am
Could I get some input about EUR/GBP?

Looks as though GBP/USD has broken a 4-Year Symmetrical Triangle to the downside so we should be seeing a down trend for the coming weeks / months. So with that in mind we now look at the EUR/GBP chart and notice that a weekly descending TL has been broken and confirmed. However, price is still testing an area of resistance for the past 4 weeks or so.

Once resistance is broken does anybody else see significant upside with EUR/GBP? This obviously goes hand in hand with the recent break of the 4-year symmetrical triangle with GBP/USD.

Thoughts?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURGBP_-_(2-19).png Size: 97 KB
Click to Enlarge Name: GBPUSD_-_Weekly_(2-19).png Size: 79 KB
  • #65,960
  • Feb 20, 2013 12:57am Feb 20, 2013 12:57am
on the 4year triangle in GBP/USD, its a big break, id expect a retest of the lower trend line to confirm the move before the fall carrys on...so i guess that would translate to eur/gbp failing at resistance for now...
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