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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #3,001
  • Oct 17, 2011 12:19am Oct 17, 2011 12:19am
EU Daily Outlook - Pre London Open
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If there was easy money lying around,no one would be forcing it into your
  • #3,002
  • Oct 17, 2011 12:29am Oct 17, 2011 12:29am
Quoting FXMindset
EU Daily Outlook - Pre London Open
hey bro, you think that the minor trendline would break, and reach the lower one for now?
i think steeper it is, easier to go to retracement right
Have I got something on my face, SOLDIER?
  • #3,003
  • Oct 17, 2011 1:02am Oct 17, 2011 1:02am
Quoting drtorque
short on euro, oil, and silver. i think we shorted right at the resistance..
is your limit .38 fib level?
closed euro w +30 pips. switched to long @3850
closed oil w a little profit similar to euro..
short ag still running w profit..
  • #3,004
  • Oct 17, 2011 1:06am Oct 17, 2011 1:06am
Quoting drtorque
closed euro w +30 pips. switched to long @3850
closed oil w a little profit similar to euro..
short ag still running w profit..
xag? silver? nice i just closed mine just now, shows some rejection, price moving too fast, now decelerating.

hey doctor!
Have I got something on my face, SOLDIER?
  • #3,005
  • Oct 17, 2011 1:51am Oct 17, 2011 1:51am
I'm seeing lots of weakness in USD and some strength in EUR but I am still constantly hauted by technical indicators pointing towards a correction or reversal downwards from these levels

See annotations on my Daily chart
Pay close attention to my notes plus:
1. MacD showing bearish divergence
2. Stochastics in overbought territory
3. Price is at 50% fib of move down from 1.4547 and at 50ema
4. Price is in a historical supply zone.

Basically, my view hasn't changed since Friday.
Nothing at the G20 meetings over the weekend has changed the outlook to more positive or more negative.

This is where I stay neutral until I see significant candle formations suggesting a move in either direction.

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #3,006
  • Oct 17, 2011 2:17am Oct 17, 2011 2:17am
Morgan Stanley Pulls The Plug On A 'Frustrating' Euro Trade After Just 5 Days

Greek debt write-down must be larger: German finance minister

Lack of ECB firepower weakens Europe’s Grand Plan

Euro Weakens From Month High as Traders Gauge European Risks; Aussie Slips

Moody's says the collapse of Slovakian government is credit negative

Europe's lost decade as $7 trillion loan crunch looms

Italy 'has been in decline since the 1980s'

.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,007
  • Oct 17, 2011 2:20am Oct 17, 2011 2:20am
PT

Any good news? Even one piece? Please?
Kill the ego, or it will kill the mission.
  • #3,008
  • Oct 17, 2011 2:21am Oct 17, 2011 2:21am
Quoting bumapatria
hey bro, you think that the minor trendline would break, and reach the lower one for now?
i think steeper it is, easier to go to retracement right
Honestly I dont know bro
But If you really like hear my answer then I dont think the minor trendline would be break today..might be going up might be going down..currently am stand aside
If there was easy money lying around,no one would be forcing it into your
  • #3,009
  • Oct 17, 2011 2:25am Oct 17, 2011 2:25am
Quoting FXMindset
Honestly I dont know bro
But If you really like hear my answer then I dont think the minor trendline would not be break..

Buma & FxMindset,
Typically, the steeper the trend, the more likely it is to break. However, these are not typical times. Also consider that on most corrections (if this is one), the final push in the direction of the correction is steeper than the initial push. I haven't seen that yet either. But then like I said, these are not typical times
Those who say it cannot be done should not interrupt those who are doing it
  • #3,010
  • Oct 17, 2011 2:27am Oct 17, 2011 2:27am
Quoting AaronWard
PT

Any good news? Even one piece? Please?
Don't be misled by the headlines. Once you read the item you will see that it is not bad or good. Just more of the same skepticism.

And NO. No good news
Those who say it cannot be done should not interrupt those who are doing it
  • #3,011
  • Oct 17, 2011 2:30am Oct 17, 2011 2:30am
Quoting PipTrapper
Buma & FxMindset,
Typically, the steeper the trend, the more likely it is to break. However, these are not typical times. Also consider that on most corrections (if this is one), the final push in the direction of the correction is steeper than the initial push. I haven't seen that yet either. But then like I said, these are not typical times
Any Position now mate?
If there was easy money lying around,no one would be forcing it into your
  • #3,012
  • Oct 17, 2011 2:39am Oct 17, 2011 2:39am
Quoting FXMindset
Any Position now mate?
No position.

I had a short position on Friday at 1.3876
I took profit shortly after market opened at 1.3871 for + 5 pips

Now I am neutral and do not plan to get back in until I see some direction.
I probably will not trade today
The weather is nice and I might go out and enjoy it
Those who say it cannot be done should not interrupt those who are doing it
  • #3,013
  • Oct 17, 2011 2:46am Oct 17, 2011 2:46am
Quoting PipTrapper
No position.

I had a short position on Friday at 1.3876
I took profit shortly after market opened at 1.3871 for + 5 pips

Now I am neutral and do not plan to get back in until I see some direction.
I probably will not trade today
The weather is nice and I might go out and enjoy it
Exactly the same as me, except that I was in at 1.3875, and closed for +6



I'm flat also, the weekly candle has me all confused.
"Don't Panic..."
  • #3,014
  • Oct 17, 2011 2:48am Oct 17, 2011 2:48am
Quoting PipTrapper
No position.

I had a short position on Friday at 1.3876
I took profit shortly after market opened at 1.3871 for + 5 pips

Now I am neutral and do not plan to get back in until I see some direction.
I probably will not trade today
The weather is nice and I might go out and enjoy it
I know your 1 Pips stand For $1000..so 5 Pips = $5000,Not bad
Enjoy your Day
If there was easy money lying around,no one would be forcing it into your
  • #3,015
  • Oct 17, 2011 2:49am Oct 17, 2011 2:49am
gold and silver rejections. sniped.

should see euro drop too right?
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Have I got something on my face, SOLDIER?
  • #3,016
  • Oct 17, 2011 2:54am Oct 17, 2011 2:54am
Quoting bumapatria
xag? silver? nice i just closed mine just now, shows some rejection, price moving too fast, now decelerating.

hey doctor!
yeah i took it as a hedge.. but it seems risk on to begin the week, so all is up...
  • #3,017
  • Oct 17, 2011 2:59am Oct 17, 2011 2:59am
Quoting FXMindset
EU Daily Outlook - Pre London Open
Coming Baby
If there was easy money lying around,no one would be forcing it into your
  • #3,018
  • Oct 17, 2011 3:00am Oct 17, 2011 3:00am
Quoting drtorque
closed euro w +30 pips. switched to long @3850
closed oil w a little profit similar to euro..
short ag still running w profit..
gonna close euro @3890 + 40 pips is enough for now..

need a fresh pair of eyes..
  • #3,019
  • Oct 17, 2011 3:24am Oct 17, 2011 3:24am
13970-13976 might be a good call today
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If there was easy money lying around,no one would be forcing it into your
  • #3,020
  • Oct 17, 2011 3:30am Oct 17, 2011 3:30am
Quoting FXMindset
13970-13976 might be a good call today
yeah, im turning to short euro and oil..
caught 3895 to short...
tight stop...
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