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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #5,341
  • Oct 26, 2011 12:59pm Oct 26, 2011 12:59pm
Here comes the BS bandaid...whatever the politicians can throw on the wall that sticks at this point, they will do it. Expect them to do all they can to ease panic...even if its the worst possible solution. They are living in the now.

http://www.dailymail.co.uk/news/arti...pse-chaos.html
  • #5,342
  • Oct 26, 2011 1:00pm Oct 26, 2011 1:00pm
well I dont care whatever it takes to drop this bad boy. I went short at 384
Lets do this...
  • #5,343
  • Oct 26, 2011 1:01pm Oct 26, 2011 1:01pm
Quoting bumapatria
double spinnng tops on m5 strike at 3900 supply. im entering with a sell scout.
Noticed that too, reentered. Oil seems to be going down again, too.
  • #5,344
  • Oct 26, 2011 1:04pm Oct 26, 2011 1:04pm
Quoting Blobik
Noticed that too, reentered. Oil seems to be going down again, too.
lot of rejection wicks, im shorting this for probs 20 pips or less. She has danced and made a demand level in which i will presume people would long there at least once.

3850s.
Have I got something on my face, SOLDIER?
  • #5,345
  • Oct 26, 2011 1:06pm Oct 26, 2011 1:06pm
normal wave cycles
It is obvious that the support that was so violently broken has to be retested.
Current retrace level is 61.8% fibo of the move down.

.
Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #5,346
  • Oct 26, 2011 1:07pm Oct 26, 2011 1:07pm
Quoting TheSwede
Take a look here: http://www.babypips.com/school/forex-pivot-points.html
Thanks.
  • #5,347
  • Oct 26, 2011 1:07pm Oct 26, 2011 1:07pm
Quoting Tom_D_Trader
Pivots work like all technical mumbo jumbo. As long as traders use em, they work. I mostly use pivots when market is in uncharted zone, after huge drop or arise, as when people have nothing to hold to, they stick to fibos, pivots, MAs, blah blah blah.

T.
Very true.
  • #5,348
  • Oct 26, 2011 1:09pm Oct 26, 2011 1:09pm
Quoting PipTrapper
probably 1.39 will hold

ADD: This is normal harmonics. It has to test the support turned resistance that it broke so violently.
I agree. That's why you don't chase a breakout, you wait for it to come back to you. I am now short @ 1.3895 after the test of the breakout.

I could be making a big mistake too, wouldn't be the first time.

Attached Image (click to enlarge)
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I don't care which way the market is going as long as it's going my way
  • #5,349
  • Oct 26, 2011 1:09pm Oct 26, 2011 1:09pm
on 5min chart you can see SMA200 coinciding with central daily pivot at 1,3905, two times in a row tested and back at 1,3880...good scalp oportunity

but watching the 1h chart... I'm afraid it's gonna go upper!!

I'm flat now
  • #5,350
  • Oct 26, 2011 1:10pm Oct 26, 2011 1:10pm
Wow, I'm out, not going to look to short until we get the golden retracement on the daily, then I'll be looking to short big.
Yay! Pips for everyone!
  • #5,351
  • Oct 26, 2011 1:10pm Oct 26, 2011 1:10pm
chart.

if this goes bad i think it would test the high meaning i am at a loss of 80+ pips but is only 2% less hit to my equity, and should be simple to rescue with a larger lot size.

it could also be a swing trade i hold, we all know euro is bad bad bad.

real supply at 3951. drawdown now is no shit tough for me with i can risk 10% for 1000 pip loss, which should never ever happen. unless i bought at the highs at 1.4000-5000 hahhahah
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #5,352
  • Oct 26, 2011 1:12pm Oct 26, 2011 1:12pm
Quoting PipTrapper
normal wave cycles
It is obvious that the support that was so violently broken has to be retested.
Current retrace level is 61.8% fibo of the move down.

.

If the support test fails, how much down do you think it will go ? 30 pips atleast ?
  • #5,353
  • Oct 26, 2011 1:12pm Oct 26, 2011 1:12pm
on 1H chart, SMA50 has been a support during recent days, now it's at 1,3911

we'll see if it holds
  • #5,354
  • Oct 26, 2011 1:15pm Oct 26, 2011 1:15pm
Why didn't I notice that Polish PM will be speaking at the conference... Now I am extra-bearish on EUR
  • #5,355
  • Oct 26, 2011 1:16pm Oct 26, 2011 1:16pm
Quoting LearninForex
If the support test fails, how much down do you think it will go ? 30 pips atleast ?
there is weak support at 1.3830 and then at medium support at 1.38
Those who say it cannot be done should not interrupt those who are doing it
  • #5,356
  • Oct 26, 2011 1:16pm Oct 26, 2011 1:16pm
bear candle will follow on 4h
Lets do this...
  • #5,357
  • Oct 26, 2011 1:16pm Oct 26, 2011 1:16pm
Why didn't I notice that Polish PM will be speaking... Now I am extra-bearish on EUR Or did I get redirected to the wrong page xD?
  • #5,358
  • Oct 26, 2011 1:17pm Oct 26, 2011 1:17pm
Quoting Pipsforall
Wow, I'm out, not going to look to short until we get the golden retracement on the daily, then I'll be looking to short big.
i dont get how people get out just cause of small fluctuations lol. hey man, dont get so scared and everything and the golden retracement is no holy grail. im a fibonacci fan too and 161.8 on the expansion is like magic, but there is no saying price will float there and go your direction. you lost money because you couldnt sit on your hands, and either couldnt hold...

be careful mate next time
Have I got something on my face, SOLDIER?
  • #5,359
  • Oct 26, 2011 1:19pm Oct 26, 2011 1:19pm
Quoting jcminvest
bear candle will follow on 4h
Hmm. Mine H4 candles look strange
Attached Image (click to enlarge)
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  • #5,360
  • Oct 26, 2011 1:20pm Oct 26, 2011 1:20pm
Quoting spzd
Pivot points, if set up properly, work as good S/R. I set mine up based on the 1700 ET New York close, which is the time of the swap. For the EUR/USD the Mx pivots and PP work best.
Thanks. I'll look into playing around with settings a little more when I get home.
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