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EurAnalysis Kindergarten 24 replies

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  • #3,401
  • Oct 18, 2011 11:19am Oct 18, 2011 11:19am
Quoting GoldMan.
Pretty easy day today, short it, then buy the correction and then short again...also previous daily highs and lows are respected by the price pretty nicely. If you did not make money today then there is really something wrong with your strategy or yourself.
If someone is still confused:
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  • #3,402
  • Oct 18, 2011 11:22am Oct 18, 2011 11:22am
Quoting GoldMan.
If someone is still confused:
But if you look at this 3rd touch you see that bears are not so strong anymore. Only good for littel scalp (More riskier than previous if you short).
  • #3,403
  • Oct 18, 2011 11:22am Oct 18, 2011 11:22am
Quoting GoldMan.
If someone is still confused:
Nope. No confusion here. Clear as day
Those who say it cannot be done should not interrupt those who are doing it
  • #3,404
  • Oct 18, 2011 11:26am Oct 18, 2011 11:26am
Quoting GoldMan.
But if you look at this 3rd touch you see that bears are not so strong anymore. Only good for littel scalp.
...and that's exactly why I am out Goldman. Equities and commodities up on hopium and good US econ data. That is USD negative these days as money flows out of safe haven into risk assets.
However, there is not that much flow to euros. That's why it's not back up at 1.39 again. I do think we may see 1.3780/90 in Asian session though.
Tomorrow is another day and I'll be ready.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,405
  • Oct 18, 2011 11:29am Oct 18, 2011 11:29am
very nice comments from U please post more i will follow U thx
  • #3,406
  • Oct 18, 2011 11:31am Oct 18, 2011 11:31am
Quoting Gofer Pips
Been using/tested in development for over 3 years.
It is not a stand alone for position trading but very nice for scalping in and out using 1 and 5 and 15 minute TF. I use this and fibs, support and resistance and trendlines for trading.

Download THV(this is free here on FF) if you like, demo trade it and send me any questions by PM if you would like.

Oh snap! .3690 stopped out for +17 pips.
I have learn and using it before but not suitable for me as i am not like scalp and trade smaller timeframe..however thanks
If there was easy money lying around,no one would be forcing it into your
  • #3,407
  • Oct 18, 2011 11:31am Oct 18, 2011 11:31am
Quoting PipTrapper
...and that's exactly why I am out Goldman. Equities and commodities up on hopium and good US econ data. That is USD negative these days as money flows out of safe haven into risk assets.
However, there is not that much flow to euros. That's why it's not back up at 1.39 again. I do think we may see 1.3780/90 in Asian session though.
Tomorrow is another day and I'll be ready.
  • #3,408
  • Oct 18, 2011 11:33am Oct 18, 2011 11:33am
S&P downgrades 24 Italian banks and financial firms.
I don't care which way the market is going as long as it's going my way
  • #3,409
  • Oct 18, 2011 11:38am Oct 18, 2011 11:38am
Quoting audi66
very nice comments from U please post more i will follow U thx
Hi Audi66
Thanks for your post and welcome to EurAnalysis.
If you haven't already looked at page 1, please do so.
There you will find the objectives and rules of this thread.
You will also find a section with helpful resources and a calendar of important upcoming EuroZone events
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #3,410
  • Oct 18, 2011 11:39am Oct 18, 2011 11:39am
Hey PT,

Just in case you miss my post on buma's thread- thanks for the vouch.

Good trades.

h2
  • #3,411
  • Oct 18, 2011 11:40am Oct 18, 2011 11:40am
Quoting GoldMan.
But if you look at this 3rd touch you see that bears are not so strong anymore. Only good for littel scalp (More riskier than previous if you short).
Seems it wants to go for a 4th test, keep eyes open, even a 15 min candle close above it would be good for bulls.
  • #3,412
  • Oct 18, 2011 11:41am Oct 18, 2011 11:41am
Quoting PipTrapper
...and that's exactly why I am out Goldman. Equities and commodities up on hopium and good US econ data. That is USD negative these days as money flows out of safe haven into risk assets.
However, there is not that much flow to euros. That's why it's not back up at 1.39 again. I do think we may see 1.3780/90 in Asian session though.
Tomorrow is another day and I'll be ready.
No bounce like I was hoping for on the 3rd hit here. Price moving fast against after only making about 1:1 before reversing I'm flat +4,I'm done, had enough.

Getting hungry and tired and that makes me do stupid stuff.

Short term down trend line broke on 60 looks like price is headed for 1.3766-1.3795 demand level or may test the 1.3900 if there is enough hopium.

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I don't care which way the market is going as long as it's going my way
  • #3,413
  • Oct 18, 2011 11:41am Oct 18, 2011 11:41am
Quoting PipKiller
S&P downgrades 24 Italian banks and financial firms.
I think the markets pretty well have all bank downgrades priced in already.

It's the sovereign downgrades we have to watch for now... like France maybe?

Ohhh!!! If you hear that France is downgraded, put it all on red and let it ride.
Those who say it cannot be done should not interrupt those who are doing it
  • #3,414
  • Oct 18, 2011 11:42am Oct 18, 2011 11:42am
Quoting highlander2
Hey PT,

Just in case you miss my post on buma's thread- thanks for the vouch.

Good trades.

h2
You're earned it brother
Those who say it cannot be done should not interrupt those who are doing it
  • #3,415
  • Oct 18, 2011 11:44am Oct 18, 2011 11:44am
Quoting PipKiller
No bounce like I was hoping for on the 3rd hit here. Price moving fast against after only making about 1:1 before reversing I'm flat +4,I'm done, had enough.

Getting hungry and tired and that makes me do stupid stuff.
time to call it a day then. Go refresh yourself. It's gonna be a heck of a week and it's only Tuesday. I'm psyching myself up for a Friday sell-off lol
Those who say it cannot be done should not interrupt those who are doing it
  • #3,416
  • Oct 18, 2011 11:52am Oct 18, 2011 11:52am
Quoting GoldMan.
Seems it wants to go for a 4th test, keep eyes open, even a 15 min candle close above it would be good for bulls.
Someone bought the break? I was hoping it will test those daily lows as support and buy from there. Don't know why i'm trading so late anyway, usually i only trade when London is open.
Hope everyone did well today, i'll sit back now.
  • #3,417
  • Oct 18, 2011 11:56am Oct 18, 2011 11:56am
Broke my SL at 1.3735, got my 50 pips... + 10 more pips on scalping. Choppy markets waiting for a more clear direction.
  • #3,418
  • Oct 18, 2011 11:58am Oct 18, 2011 11:58am
Yea I'm done for right now. A solid +8% start to the week would be a shame to piss it away..... Hell it would take me what, 30 years (IDK) to make that in a Treasury bond...... If we don't for some reason get a haircut too LOL

Quoting PipTrapper
I think the markets pretty well have all bank downgrades priced in already.

It's the sovereign downgrades we have to watch for now... like France maybe?

Ohhh!!! If you hear that France is downgraded, put it all on red and let it ride.
I love playing a little Roulette when I get to a casino once in a while.

Man if France get's whacked it'll be front page news in 6" bold type across the WSJ.....

and It'll be 24" bold type breaking news headline across my 52" TV on CNBC LOL
I don't care which way the market is going as long as it's going my way
  • #3,419
  • Oct 18, 2011 12:12pm Oct 18, 2011 12:12pm
Yesterday I wanted to share my opinion of why a GBP CPI of 5.2% (0.7% higher than the last release) would not be bullish... And now I wake up, I see the PPI (0.8% higher than the last release), which will help my explanation.

In the currency markets, normally, Higher inflation means Higher interest rate. But the problem here is that we are having both high inflation and weak economies.

Not a good couple :S Prices are higher and that can continue to hurt the economy.

I haven't gone through the posts while I was sleeping (yet), so I don't know if this was already covered... But I couldn't feel alright if I didn't explained what happened.

Pbh
  • #3,420
  • Oct 18, 2011 12:15pm Oct 18, 2011 12:15pm
Quoting PipKiller
Yea I'm done for right now. A solid +8% start to the week would be a shame to piss it away..... Hell it would take me what, 30 years (IDK) to make that in a Treasury bond...... If we don't for some reason get a haircut too LOL



I love playing a little Roulette when I get to a casino once in a while.

Man if France get's whacked it'll be front page news in 6" bold type across the WSJ.....

and It'll be 24" bold type breaking news headline across my 52" TV on CNBC LOL
... and the words "I threw it all on red" would be typed in big bold letters on my last post here before I retire to a tropical island with no internet
Those who say it cannot be done should not interrupt those who are doing it
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