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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #261
  • Sep 29, 2011 11:43am Sep 29, 2011 11:43am
Quoting Pegasus54
Nice explanation there PT. I am on your side with this also. Here is a 4 hr chart that I have been keeping track of for quite a while now.
Excellent. Thanks for posting the H4 chart. It give a nice clear picture.
Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #262
  • Sep 29, 2011 11:43am Sep 29, 2011 11:43am
Quoting PipPipPip
The last EU hour bar printed very high volume, compareable to the yesterday's high volume bar around this price. BUT notice that the current last hour bar did not make a new high! This is a sign of weakness approaching. Since I am done for the month, and protecting my profits, I did not take a trade, but thought to contribute. I took a trade call almost an hour ago at 1.3678 and posted the link where i called it. I would set the stop 150pips above yesterday's high, for a swing low profit taking.
Chart:
http://www.forexfactory.com/showthre...33#post4997733

Chart...
Gmorning. As anticipated yesterday, price will continue to range. 1.3678 still held. Sell limit added 100 pups above tuesday high.
  • #263
  • Sep 29, 2011 11:44am Sep 29, 2011 11:44am
Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.jpg Size: 104 KB


Target hit, watching for a break of the trend line.

fishman356
  • #264
  • Sep 29, 2011 11:44am Sep 29, 2011 11:44am
Quoting PipTrapper
Excellent. Thanks for posting the H4 chart. It give a nice clear picture.
Cheers
This is an awsome thread so far. Everyone is sharing their thoughts and trades. Lovin it
REQUESTING NO VOUCHES.Vouches are useless.
  • #265
  • Sep 29, 2011 11:46am Sep 29, 2011 11:46am
Im scaling out at +42 and sl at break even. Check yourpm when you get time PT.
REQUESTING NO VOUCHES.Vouches are useless.
  • #266
  • Sep 29, 2011 11:46am Sep 29, 2011 11:46am


Quoting fishman356
Attachment

Target hit, watching for a break of the trend line.

fishman356
REQUESTING NO VOUCHES.Vouches are useless.
  • #267
  • Sep 29, 2011 11:47am Sep 29, 2011 11:47am
Well said PT ... yes looks like 1.36 if finally giving way


Pbh--- I took your advice went and SOLD Aud, Nzd haha but seriously NZD and Aussie are going down my monthly tells me way down.

I have been trading these 3 pairs this month... selling = Winning. PT not to derail the euro analaysis but would you agree NZD,AUD are similair trades to that of th Euro?? Dollar looks good to me right now,long term good.
  • #268
  • Sep 29, 2011 11:47am Sep 29, 2011 11:47am
If price tests 3610, I may add depending on PA
REQUESTING NO VOUCHES.Vouches are useless.
  • #269
  • Sep 29, 2011 11:50am Sep 29, 2011 11:50am
Unless/until price trades below the trendline on this 4 hr dx, I will be selling eur rallies.
Attached Image (click to enlarge)
Click to Enlarge Name: dx.gif Size: 10 KB
REQUESTING NO VOUCHES.Vouches are useless.
  • #270
  • Sep 29, 2011 11:50am Sep 29, 2011 11:50am
One more thing I would like to say.

Ever since I started this thread, I have been overwhelmed by the support that I have received from all of you posting here with your trade ideas and analysis.

There is nothing better than having a fellowship of like minded traders sharing their experiences and viewpoints.

I am sure there will be times where we will disagree on a few things but I feel confident that disagreement will end up in all of us being better informed and enlightened.

So, I want to say thank you from the bottom of my heart to all of you who have participated thus far, and I look forward to seeing some posts from the lurkers here ( You know who you are )

Cheers to all and good night. I'm heading for the jacuzzi tub with a bottle of wine and my loving wife.
Those who say it cannot be done should not interrupt those who are doing it
  • #271
  • Sep 29, 2011 11:51am Sep 29, 2011 11:51am
The Swede had asked about scale out. Here is an example of scale in I have in at present.
Trade sell 1.3675 SL= 1.3645
Scale trade in 1.3645 trailing stop with 36 pips presently locked in.

I will move original trade down as market allows to lock more profit.
Attached Image (click to enlarge)
Click to Enlarge Name: scale_in.png Size: 77 KB
  • #272
  • Sep 29, 2011 11:52am Sep 29, 2011 11:52am
Quoting PipTrapper
One more thing I would like to say.

Ever since I started this thread, I have been overwhelmed by the support that I have received from all of you posting here with your trade ideas and analysis.

There is nothing better than having a fellowship of like minded traders sharing their experiences and viewpoints.

I am sure there will be times where we will disagree on a few things but I feel confident that disagreement will end up in all of us being better informed and enlightened.

So, I want to say thank you from the bottom of my heart to all of...
REQUESTING NO VOUCHES.Vouches are useless.
  • #273
  • Sep 29, 2011 11:54am Sep 29, 2011 11:54am
Quoting Gaara
Dollar looks good to me right now,long term good.
Only until it doesn't! EZ have issues going to tissues at present, but they may get all their jank in one sock eventually and we will be trading the other way!
  • #274
  • Sep 29, 2011 12:00pm Sep 29, 2011 12:00pm
theres the 3580
REQUESTING NO VOUCHES.Vouches are useless.
  • #275
  • Sep 29, 2011 12:01pm Sep 29, 2011 12:01pm
Good job PipTrapper!

Disagreement is good!!!!
Especially with the rules setup for the thread
If you don't disagree you don't learn anything.

Keep on disagreeing.

quote=PipTrapper;4999447]One more thing I would like to say.

Ever since I started this thread, I have been overwhelmed by the support that I have received from all of you posting here with your trade ideas and analysis.

There is nothing better than having a fellowship of like minded traders sharing their experiences and viewpoints.

I am sure there will be times where we will disagree on a few things but I feel confident that disagreement will end up in all of us being better informed and enlightened.

So, I want to say thank you from the bottom of my heart to all of you who have participated thus far, and I look forward to seeing some posts from the lurkers here ( You know who you are )

Cheers to all and good night. I'm heading for the jacuzzi tub with a bottle of wine and my loving wife. [/quote]
  • #276
  • Sep 29, 2011 12:05pm Sep 29, 2011 12:05pm
Personally I feel the correction isn't over all of my charts and technicals tell me that all euro pairings will see slightly more buying to the area in eur/usd of around 1.3750 to 1.38. We will also see dollar weakness for a short period of time across the board simply because markets are correcting. However in a short time we will see heavy euro weakness and a lot of dollar strength! I call euro to hit 1.3750 with huge downside pressure and testing 1.2965 over the next week to 10 days. I also feel that PT is correct when he says s&p and eur/usd are strongly correlated and once s&p hits 1210 or possibly 1215 the bears will once again take control paving the way for 1100 if not below. Just my two cents really thought id get in on the discussion. Some feedback would appreciated!
  • #277
  • Sep 29, 2011 12:18pm Sep 29, 2011 12:18pm
And I forgot to thank you for that.

I do like to scale in, it keeps me on my toes and I get confirmation that my levels are ok so I'll keep on doing it and try to not scale out.

Good luck on the scaling in.

Quoting Gofer Pips
The Swede had asked about scale out. Here is an example of scale in I have in at present.
Trade sell 1.3675 SL= 1.3645
Scale trade in 1.3645 trailing stop with 36 pips presently locked in.

I will move original trade down as market allows to lock more profit.
  • #278
  • Sep 29, 2011 12:21pm Sep 29, 2011 12:21pm
Thanks Swede. I just thought I would do scale in to show as example of your explanation of how you like to scale in. Luckily the market cooperated!
  • #279
  • Sep 29, 2011 12:26pm Sep 29, 2011 12:26pm
PA caught by 200sma at 1.3575 on 1h TF if we break that next support at
1.3550 area by 100sma.

We finally popped that 1.3606....hopefully it will remain resistance so I get more pips!
Attached Image (click to enlarge)
Click to Enlarge Name: 200sma.png Size: 99 KB
  • #280
  • Sep 29, 2011 12:29pm Sep 29, 2011 12:29pm
Well its kinda easy to get a lot of pips counting all the scaled in pips .
Just a matter of being good at it and not chock the trade (as i did the other day). Haven't the guts to scale in without moving SL=BE.

Quoting Gofer Pips
Thanks Swede. I just thought I would do scale in to show as example of your explanation of how you like to scale in. Luckily the market cooperated!
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