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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #69,681
  • Sep 11, 2013 11:55am Sep 11, 2013 11:55am
Loonie (USD/CAD)

H4
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,682
  • Sep 11, 2013 12:10pm Sep 11, 2013 12:10pm
Quoting theDHT
Loonie (USD/CAD) H4 {image}
LOL You and I are 100% opposite in all our calls lately. I went long U/CAD today at 1.0317
Here's hoping we both get out with profit. My trade is long term with first target at 1.10 and no SL

BTW, analysis and calls on non-Euro related pairs should be posted in "The Club" unless the non-Euro instrument has an impact on Euro related pairs. EurAnalysis is reserved for Euro and correlated currency related topics.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,683
  • Sep 11, 2013 12:28pm Sep 11, 2013 12:28pm
Quoting PipTrapper
{quote} LOL You and I are 100% opposite in all our calls lately. I went long U/CAD today at 1.0317 Here's hoping we both get out with profit. My trade is long term with first target at 1.10 and no SL BTW, analysis and calls on non-Euro related pairs should be posted in "The Club" unless the non-Euro instrument has an impact on Euro related pairs. EurAnalysis is reserved for Euro and correlated currency related topics.
roger that

tbh, i was late to the party on this trade

i think this is temp strength till the fed event next week... but i remain opportunistic in my approach
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,684
  • Sep 11, 2013 9:36pm Sep 11, 2013 9:36pm
EJ

Looking for more upside?
I should mention that the break looks valid, but just barely...

(no signal yet)

Daily:
Attached Image (click to enlarge)
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,685
  • Sep 11, 2013 10:13pm Sep 11, 2013 10:13pm
Me thinks Putin just blew the lid off the US/Israeli cover (aka false flag) to get the war started...

"...Reports that militants are preparing another attack — this time against Israel — cannot be ignored...."

http://www.zerohedge.com/news/2013-0...-caution-syria

reiterate overweight short on crude (from yesterday)

+

we may be back to risk on for a couple of days...

90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,686
  • Sep 11, 2013 10:15pm Sep 11, 2013 10:15pm
btw: good morning all!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,687
  • Sep 11, 2013 10:18pm Sep 11, 2013 10:18pm
Quoting theDHT
EJ Looking for more upside? I should mention that the break looks valid, but just barely... (no signal yet) Daily: {image}

Goodmorning the thread.

DHT, from a visual appraisal and "groove" PPA method, I conclude that EJ is going back to the triangle TL at 132.00. When it get's there it will bounce, thereby creating a right shoulder to complete a dowside pattern that should get us back around 131.x. At that point we can take off our underwater-shorts, don regular shorts, and I will leave this horrible instrument alone until it can next provide a minimum 300pip downtrend.

Trade today seems to be more vigorous than yesterday, so let's look out for some opportunities for now and tonight's US session!
cryptocurrency everytime
  • #69,688
  • Sep 11, 2013 10:25pm Sep 11, 2013 10:25pm
Quoting venzen
{quote} Goodmorning the thread. DHT, from a visual appraisal and "groove" PPA method, I conclude that EJ is going back to the triangle TL at 132.00. When it get's there it will bounce, thereby creating a right shoulder to complete a dowside pattern that should get us back around 131.x. At that point we can take off our underwater-shorts, don regular shorts, and I will leave this horrible instrument alone until it can next provide a minimum 300pip downtrend. Trade today seems to be more vigorous than yesterday, so let's look out for some opportunities...

you may be right (and I hope you are)

30 more pips of additional downside (c 132.10), and the break becomes invalid...

good luck today buddy!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,689
  • Sep 11, 2013 10:39pm Sep 11, 2013 10:39pm
one of the smartest guys in the room (ever)
(this interview segment is from last night)

Inserted Video
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,690
  • Sep 11, 2013 11:07pm Sep 11, 2013 11:07pm
Quoting theDHT
{quote} you may be right (and I hope you are) 30 more pips of additional downside (c 132.10), and the break becomes invalid... good luck today buddy!

here we go DHT, EJ down to its potential undoing - now if only the indicators weren't diverged to such a massive degree...
cryptocurrency everytime
  • #69,691
  • Sep 11, 2013 11:09pm Sep 11, 2013 11:09pm
Quoting venzen
{quote} here we go DHT, EJ down to its potential undoing
sweet!
back under the supply line!!
(it does not have to close under, penetration by a single tick disqualifies the break)

90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,692
  • Edited 12:22am Sep 12, 2013 12:05am | Edited 12:22am
Good morning all.

Now that we've had a bit of a shakeup in the markets and we seem to have a diminished risk of military action in Syria, I think now the focus will yet again turn to the Fed's meeting next week. Till then I expect recent risk gains to do some position adjustment... possibly via some consolidation. It's a tough market nowadays with all this geopolitical BS. It seems macroeconomic drivers have been thrown under the bus.

It is times like this that I take solace in my long term EW counts... and special thanks to Infinitus for helping to further my EW education.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,693
  • Sep 12, 2013 12:14am Sep 12, 2013 12:14am
Quoting PipTrapper
Good morning all. Now that we've had a bit of a shakeup in the markets and we seem to have a diminished risk of military action in Syria, I think now the focus will yet again turn to the Fed's meeting next week. Till then I expect recent risk gains to do some position adjustment... possibly via some consolidation. It's a tough market nowadays with all this geopolitical BS. It seems macroeconomic drivers have been thrown under the bus. It is times like this that I take solace in my long term EW counts... and special thanks to Infinitus for helping...
morning dude!

Euro

Critical!!

H4
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,694
  • Sep 12, 2013 12:17am Sep 12, 2013 12:17am
Quoting venzen
{quote} here we go DHT, EJ down to its potential undoing - now if only the indicators weren't diverged to such a massive degree...

hey venzen,

further to our discussion a couple of days ago:

http://www.forexfactory.com/showthre...07#post6959107

90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,695
  • Sep 12, 2013 12:21am Sep 12, 2013 12:21am
Quoting theDHT
{quote} morning dude! Euro Critical!! H4 {image}
I don't see that as a critical level at all. In fact I think it will be broken. The critical level for me is the 345x high from August because that is what will invalidate my bearish EW count.
Those who say it cannot be done should not interrupt those who are doing it
  • #69,696
  • Sep 12, 2013 12:28am Sep 12, 2013 12:28am
Quoting PipTrapper
{quote} I don't see that as a critical level at all. In fact I think it will be broken. The critical level for me is the 345x high from August because that is what will invalidate my bearish EW count.

you might be right...

i meant critical for the bears on H4 basis (i am not in this camp)

this is the daily, key levels are: 35423 (127 of H4), and 36375 - 36637 (127 of daily, and 1618 of H4)

Daily Chart:

Attached Image (click to enlarge)
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,697
  • Sep 12, 2013 12:29am Sep 12, 2013 12:29am
off to gym, back in an hour (or so)
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,698
  • Sep 12, 2013 12:30am Sep 12, 2013 12:30am
Quoting theDHT
{quote} you might be right... i meant critical for the bears on H4 basis (i am not in this camp) this is the daily, key levels are: 35423 (127 of H4), and 36375 - 36637 (127 of daily, and 1618 of H4) Daily Chart: {image}
Then in that case, yes... I agree.

Enjoy the gym
Those who say it cannot be done should not interrupt those who are doing it
  • #69,699
  • Edited 1:02am Sep 12, 2013 12:48am | Edited 1:02am
GM - the "horrible instrument" post caught my eye and having in the past been an underwater practitioner too - sticking to mainly intra-day trading has cured me - I took a look at EJ and its component UJ, where I have just closed an early short and am looking to see IF I get a buy signal....

So, at present, both € and UJ are showing potential buys off my 5m charts - € off its 3300 level and UJ off its late August high....a good bounce in UJ would make a nice shampoo to help get our Bermudas on from a higher level....
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Trading Levels with WRBs
  • #69,700
  • Sep 12, 2013 1:01am Sep 12, 2013 1:01am
Posting from experience traders are very informative and making me newbie learning process becoming interesting everyday.

This is my today analysis ( from Newbie's eyes). It may be wrong, but that's the one way to learn in very small baby step becoming like all of you experience traders here,

Thank you for your comments.
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May the force with Arjun
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