EurAnalysis | Page 161 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #3,201
  • Oct 17, 2011 4:17pm Oct 17, 2011 4:17pm
Quoting Blobik
Another look on Euro's future value:

*Disclaimer: Image comes from one of satiristic polish pages and I do not own it or hold any rights. But posted it since it is publicly available. Source link(to remain politically correct): http://kwejk.pl/image/577319/nowy,banknot.html
Those who say it cannot be done should not interrupt those who are doing it
  • #3,202
  • Oct 17, 2011 4:59pm Oct 17, 2011 4:59pm
Good night all.
See you in London

.
Attached Image (click to enlarge)
Click to Enlarge Name: EurAnalysisTestPatt.jpg Size: 209 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #3,203
  • Oct 17, 2011 5:09pm Oct 17, 2011 5:09pm
I got sleepy... And since I hit more than my daily profit today, so I decided to take a break and go to sleep too... Quit even some losing 'scale-ins', as open trades that come back in nightmares aren't best solution. I dont even know how many pips I got in total... but certainly hit twice more on CAD than on EUR. Even aggressive scaling in and scalping didn't boost EUR results...

EURUSD is a stubborn pair...

I am hoping for a good entry point in the end of Asian session (that is when I wake up ), to short the forsaken currency once more.

Oh, and AUD and CAD show less weakness right now. They were moving in pretty tight 5-15M channels, that are getting broken (or extended - will see). That caused me to quit my trade wthout attempting to wait for the scale-ins to exit them gracefully
  • #3,204
  • Oct 17, 2011 5:12pm Oct 17, 2011 5:12pm
Quoting PipTrapper
Good night all.
See you in London

.
Good night my northern neighbor, when you need to thaw out a little this winter come on down. I'm sure I can find you a spot in one of my condos.

Attached Image
I don't care which way the market is going as long as it's going my way
  • #3,205
  • Oct 17, 2011 7:46pm Oct 17, 2011 7:46pm
Trade final update.

Stopped out 4 pips before BE. That didn't work. Oh well, try something else.

Attached Image (click to enlarge)
Click to Enlarge Name: 30_update_final.jpg Size: 142 KB
I don't care which way the market is going as long as it's going my way
  • #3,206
  • Oct 17, 2011 7:55pm Oct 17, 2011 7:55pm
shorted @3760-70..

will reevaluate at 3740... either another upswing, or fastbreak to downside..
  • #3,207
  • Oct 17, 2011 8:13pm Oct 17, 2011 8:13pm
this thing is a mess, false signals constantly
  • #3,208
  • Oct 17, 2011 8:15pm Oct 17, 2011 8:15pm
Quoting MotownPhill
this thing is a mess, false signals constantly
theres an order to her madness!
  • #3,209
  • Oct 17, 2011 8:17pm Oct 17, 2011 8:17pm
we shall see
  • #3,210
  • Oct 17, 2011 8:23pm Oct 17, 2011 8:23pm
Quoting PipKiller
Trade final update.

Stopped out 4 pips before BE. That didn't work. Oh well, try something else.

Attachment
Didnt read back far enough to se what your trade was

Looks like we might see 1.382 as good entries for shorts. Im carefully watching a small long to around 1.382 (50%) or so. By then we may have a more revealed top H&S pattern ON h4.

No chart to post - yours is perfectly adequate
  • #3,211
  • Oct 17, 2011 8:25pm Oct 17, 2011 8:25pm
Been in and out today with taking care of other things today.

I am still holding a short from .3880 and have moved SL to .3820.

I will add-on another short at .3794-.3804 area, auto-trigger will be at .3804. If she don't get there while I'm not looking......I may trigger manually when I am there.

If stopped out , I will find better entry

I am trying to build a little pip catching machine as this eventually cascades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: daily_bearish_candle.png Size: 92 KB
Click to Enlarge Name: hourly_add_on_entry.png Size: 65 KB
  • #3,212
  • Oct 17, 2011 8:28pm Oct 17, 2011 8:28pm
The only thing that has been determined is that the upward momentum of the last few days is not inevitable. But still, if the sun comes out in January, I am all over it.

One of many things to look at is expectations. PT did this with his poll, but you can also go beyond the poll and look at the range of predictions (expectations) out there.

The extreme range is from 1.55 to 1.0.
The a less extreme range is from 1.45 to 1.20.

So if the price goes up by another 700 pips it has exceeded almost everybody's expectations. However, there are 1800 pips south of where PA currently is.

Expectations are relevant not because somebody thinks "X", that these is a crystal ball, or that there is strength in numbers. No, people buy and sell largely on their exceptions, buying low and selling high. So if everybody feels 1.45 is "too high" it is likely that 1.45 will not be reached. So expectations are a key market driver.
Kill the ego, or it will kill the mission.
  • #3,213
  • Oct 17, 2011 8:52pm Oct 17, 2011 8:52pm
Quoting AaronWard
The only thing that has been determined is that the upward momentum of the last few days is not inevitable. But still, if the sun comes out in January, I am all over it.

One of many things to look at is expectations. PT did this with his poll, but you can also go beyond the poll and look at the range of predictions (expectations) out there.

The extreme range is from 1.55 to 1.0.
The a less extreme range is from 1.45 to 1.20.

So if the price goes up by another 700 pips it has exceeded almost everybody's expectations. However, there are 1800...

When I look at market depth on my platform I see someone has a bid down as low as 0.1000

Hope they are not expecting it to fill too soon.
I don't care which way the market is going as long as it's going my way
  • #3,214
  • Oct 17, 2011 8:56pm Oct 17, 2011 8:56pm
I think if that happen we would all be back on the barter system.

Quoting PipKiller
When I look at market depth on my platform I see someone has a bid down as low as 0.1000

Hope they are not expecting it to fill too soon.
It's easy to be humbled but hard to be humble.
  • #3,215
  • Oct 17, 2011 9:06pm Oct 17, 2011 9:06pm
Quoting AaronWard
One of many things to look at is expectations. PT did this with his poll, but you can also go beyond the poll and look at the range of predictions (expectations) out there.
At this point in the game - there are alot of posibilities:

>1.2 - 50 retrace of a very long term up trend that also touches a posible long term channel bottom.

~1.5 - beginning of oct was the bottom of a 500-618 retrace before continuing up to long term possible channel top.

1.41-1.44 right shoulder of a possible long term H&S (left was a year ago), but if that works out, then we end up back at 1.25-1.3 etc...

I find these and other possible contexts useful mainly as reminder to be careful and not to assume anything and give me zones to watch very carefully.

I voted for <1.2 simply because staring at the raw waveforms suggests a return to the bottom is due - regardless of what technicals might suggest and whether europe self-destructs or not
  • #3,216
  • Oct 17, 2011 9:08pm Oct 17, 2011 9:08pm
Quoting PipKiller
When I look at market depth on my platform I see someone has a bid down as low as 0.1000

Hope they are not expecting it to fill too soon.
Thats probably Trichet's from his private trading account
  • #3,217
  • Oct 17, 2011 9:13pm Oct 17, 2011 9:13pm
Quoting drtorque
shorted @3760-70..

will reevaluate at 3740... either another upswing, or fastbreak to downside..
SL 3790
TP 3660
  • #3,218
  • Oct 17, 2011 9:13pm Oct 17, 2011 9:13pm
Quoting Khazul
Thats probably Trichet's from his private trading account
that was really funny
As Above, So Below
  • #3,219
  • Oct 17, 2011 9:19pm Oct 17, 2011 9:19pm
Quoting Khazul
Thats probably Trichet's from his private trading account
I don't care which way the market is going as long as it's going my way
  • #3,220
  • Oct 17, 2011 9:19pm Oct 17, 2011 9:19pm
evening star is forming 30M...
As Above, So Below
109 traders viewing now