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EurAnalysis Kindergarten 24 replies

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  • #3,341
  • Oct 18, 2011 8:23am Oct 18, 2011 8:23am
Quoting PipTrapper
Gives new meaning to the term "Double Top"

Interesting move on the SP500 and Dax30. It's as if all the problems have disappeared. Glad I bagged that 110 pips this morning.

Now I will wait till NY open and see where it goes.
Yeah, this caught me off guard as well. How is more inflation in the US good economic news? It's like watching an episode of "Johnny Cochran - Prosecutor", you just can't believe what you are watching.

Well, no bias, switched to long at 1.37.

EDIT, took a quick profit on that, back short at 1.372.
  • #3,342
  • Oct 18, 2011 8:23am Oct 18, 2011 8:23am
so i guess the big question really is.. how much has been priced in?? im currently a bull and although im just going over to bull camp to see what they have to offer(im a bear for the long haul), today i think they will have their way(so far)
  • #3,343
  • Oct 18, 2011 8:23am Oct 18, 2011 8:23am
This may be as high as she goes but testing the 61.8 (or even the 78.6 ) on the 15 minute chart which lines up with the 1 hour neckline isnt out of the question before further decline.
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REQUESTING NO VOUCHES.Vouches are useless.
  • #3,344
  • Oct 18, 2011 8:26am Oct 18, 2011 8:26am
Quoting PipKiller
Ya, I'm a retired Paratrooper. I try really hard to avoid bullets and you'ld be amazed at how fast you can move with 100 lbs of pack, food, water, body armor, weapon and ammo when the bullets fly.

Here's a shot of me and a shot of me going out on patrol with a Romanian sniper team around Kandahar Afghanistan. Those guys were great to work with, very good sodiers and I'd trust them with my life again.


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Very Nice Bro
If there was easy money lying around,no one would be forcing it into your
  • #3,345
  • Oct 18, 2011 8:27am Oct 18, 2011 8:27am
Truthfully am envious of the shorter time frame traders.
Maybe that is why this thread is so helpfull.

Long term positions can generate some angst. No one can watch the market all the time and make rational decisions.
Keep up the good work.
  • #3,346
  • Oct 18, 2011 8:29am Oct 18, 2011 8:29am
Quoting Pegasus54
This may be as high as she goes but testing the 61.8 (or even the 78.6 ) on the 15 minute chart which lines up with the 1 hour neckline isnt out of the question before further decline.
a 61.8 bounce will be in confluence with the falling trend line. I would pick that for a short with a tight stop.

ADD: as long as PA cooperates.
Let's see what the NY floor traders do.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,347
  • Oct 18, 2011 8:30am Oct 18, 2011 8:30am
Quoting foto
Truthfully am envious of the shorter time frame traders.
Maybe that is why this thread is so helpfull.

Long term positions can generate some angst. No one can watch the market all the time and make rational decisions.
Keep up the good work.
Hello foto and welcome to the best FF thread For me personally, using the fibs and trendlines are key on the smaller timeframes. I dont always trade the smaller time frames but lately in these markets, its necessary.
REQUESTING NO VOUCHES.Vouches are useless.
  • #3,348
  • Oct 18, 2011 8:31am Oct 18, 2011 8:31am
Quoting PipTrapper
a 61.8 bounce will be in confluence with the falling trend line. I would pick that for a short with a tight stop.
REQUESTING NO VOUCHES.Vouches are useless.
  • #3,349
  • Oct 18, 2011 8:33am Oct 18, 2011 8:33am
Still riding sell from.3880 SL +140 pips and started to add to position

placed a sell limit @.3720 SL .3740

have pending sell stop at .3690 with SL .3720

will move stops as needed to protect against loss
15 min TF chart
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  • #3,350
  • Oct 18, 2011 8:33am Oct 18, 2011 8:33am
Quoting PipTrapper
a 61.8 bounce will be in confluence with the falling trend line. I would pick that for a short with a tight stop.

ADD: as long as PA cooperates.
Let's see what the NY floor traders do.
I think around the 78.6 or 61.8 on the 15 minute chart would create some bearish hidden divergence and test the 1 hour neckline. But if we dont get that and price falls from here, we can just look for the same thing on a 5 min chart for an entry.
REQUESTING NO VOUCHES.Vouches are useless.
  • #3,351
  • Oct 18, 2011 8:34am Oct 18, 2011 8:34am
Quoting PipKiller
Ya, I'm a retired Paratrooper. I try really hard to avoid bullets and you'ld be amazed at how fast you can move with 100 lbs of pack, food, water, body armor, weapon and ammo when the bullets fly.

Here's a shot of me and a shot of me going out on patrol with a Romanian sniper team around Kandahar Afghanistan. Those guys were great to work with, very good sodiers and I'd trust them with my life again.


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Sweet, very sweet!
  • #3,352
  • Oct 18, 2011 8:35am Oct 18, 2011 8:35am
this is a possible scenario also
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  • #3,353
  • Oct 18, 2011 8:42am Oct 18, 2011 8:42am
Quoting MotownPhill
this is a possible scenario also
everything is possible
  • #3,354
  • Oct 18, 2011 8:43am Oct 18, 2011 8:43am
Hello Pegasus thanks


The downtrending 20 sma and the lower hourly uptrend line held as resistance.
There is some Euro selling available at the 1.3700 level, so am looking for a range bound trade during the US markets similar to yesterday.

I remain in the bear camp for now.

edit: as I am technicaly challenged when it comes to computer posts reliance upon words becomes my m.o.
  • #3,355
  • Oct 18, 2011 8:43am Oct 18, 2011 8:43am
Quoting PipKiller
Ya, I'm a retired Paratrooper. I try really hard to avoid bullets and you'ld be amazed at how fast you can move with 100 lbs of pack, food, water, body armor, weapon and ammo when the bullets fly.

Here's a shot of me and a shot of me going out on patrol with a Romanian sniper team around Kandahar Afghanistan. Those guys were great to work with, very good sodiers and I'd trust them with my life again.


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Warms my heart to share some space with a fellow paratrooper. I was in the 82nd back in the late 70s and early 80s.
Mark ... Everything you have been told is a LIE
  • #3,356
  • Oct 18, 2011 8:44am Oct 18, 2011 8:44am
Quoting PipKiller
Ya, I'm a retired Paratrooper. I try really hard to avoid bullets and you'ld be amazed at how fast you can move with 100 lbs of pack, food, water, body armor, weapon and ammo when the bullets fly.

Here's a shot of me and a shot of me going out on patrol with a Romanian sniper team around Kandahar Afghanistan. Those guys were great to work with, very good sodiers and I'd trust them with my life again.


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Nice one bro
  • #3,357
  • Oct 18, 2011 8:46am Oct 18, 2011 8:46am
If the 80 area on the 5 minute holds then we have a double headed inverse on the 5 min which should take the price back to the 15 minute 61.8 or 78.6 for another possible leg down. I dont really want to short it at these levels. If it doesnt get to one of the mentioned levels, Iw ill have to wait a bit and get a retrace.
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REQUESTING NO VOUCHES.Vouches are useless.
  • #3,358
  • Oct 18, 2011 8:46am Oct 18, 2011 8:46am
Quoting Gofer Pips
Still riding sell from.3880 SL +140 pips and started to add to position

placed a sell limit @.3720 SL .3740

have pending sell stop at .3690 with SL .3720

will move stops as needed to protect against loss
15 min TF chart
So many position,how many % you risk per trade mate?


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #3,359
  • Oct 18, 2011 8:49am Oct 18, 2011 8:49am
All in and no chance for loss!

Hey Pipkiller, will you please take the legs out from under this suckah please!
  • #3,360
  • Oct 18, 2011 8:52am Oct 18, 2011 8:52am
GBP is really buckling, maybe some kind of bank problem in the UK
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