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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #6,201
  • Oct 28, 2011 3:38pm Oct 28, 2011 3:38pm
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  • #6,202
  • Oct 28, 2011 3:43pm Oct 28, 2011 3:43pm
does this atrology cycle thing actually work?

Quoting AaronWard
any more astrology on your charts and I will never speak to you again
  • #6,203
  • Oct 28, 2011 3:47pm Oct 28, 2011 3:47pm
Quoting nyfx718
does this atrology cycle thing actually work?
If enough people use it, it may have an impact.
Since it is not taught as part of any trading courses (that I know of), one would assume that it is not widely used. So based on that assumption, the simple answer is no.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,204
  • Oct 28, 2011 3:50pm Oct 28, 2011 3:50pm
Quoting al5al majd
I'm right with you on that one.
I have a small position of 1.5 standard lots (0.5 less than you) short on E/U at 1.41601 to hold over the weekend.
Now we see what it looks like at Wellington open on Sunday night.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,205
  • Oct 28, 2011 3:53pm Oct 28, 2011 3:53pm
Quoting PipTrapper
Here is a comparison between Thursday US close and Friday US close of Pending orders and open positions for Oanda traders.
Just so you know what retail traders are betting on.
Typically the majority of retail traders are wrong so I would go contrary to what I see on these charts.

.
thats mean you are long?
If there was easy money lying around,no one would be forcing it into your
  • #6,206
  • Oct 28, 2011 3:55pm Oct 28, 2011 3:55pm
This summit was not about solving the eurozone crisis, it was designed to fail
not euphoria follower
  • #6,207
  • Oct 28, 2011 3:58pm Oct 28, 2011 3:58pm
Quoting PipTrapper
Here is a comparison between Thursday US close and Friday US close of Pending orders and open positions for Oanda traders.
Just so you know what retail traders are betting on.
Typically the majority of retail traders are wrong so I would go contrary to what I see on these charts.

.
How do you interpret it? Cause I only see, that people simply accumulated positions on both sides as we were ranging. And are rather not afraid to leave them over weekend; they were less eager to jump yesterday. Probably due to the fact, that today we were ranging.
  • #6,208
  • Oct 28, 2011 3:59pm Oct 28, 2011 3:59pm
Quoting iqyu5an
This summit was not about solving the eurozone crisis, it was designed to fail
Sleep Bro - Aduii So Late not sleep yet?
If there was easy money lying around,no one would be forcing it into your
  • #6,209
  • Oct 28, 2011 4:00pm Oct 28, 2011 4:00pm
just wake up and wanna sleep again

have a weekend bro. c ya
Quoting FXMindset
Sleep Bro - Aduii So Late not sleep yet?
not euphoria follower
  • #6,210
  • Edited 5:29pm Oct 28, 2011 4:01pm | Edited 5:29pm
Quoting PipTrapper
I'm right with you on that one.
I have a small position of 1.5 standard lots (0.5 less than you) short on E/U at 1.41601 to hold over the weekend.
Now we see what it looks like at Wellington open on Sunday night.
Here's my technical justification

Daily Chart:
1. 76.6% Fibo resistance (orange)
2. 61.8% Fibo resistance (blue)
3. Bearish divergence (MacD)
4. Stochastics Overbought and line cross over / pointing down
5. Rising channel resistance
6. End of wave 5 (Elliot Wave Analysis)
7. 1.4250 is the prior broken support from early September and has turned into key resistance.

Despite the above 7 points of confluence, there is still no guarantee that this is a good trade, but since the economic fundamentals in Europe to not support such a high valued Euro currency, when I combine that fact with the above mentioned technicals, I am satisfied that I have taken this trade correctly given all the evidence to support it.

Is this a winning trade? Check with me on Monday and I will let you know.

Cheers and happy weekend,
PT

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #6,211
  • Oct 28, 2011 4:01pm Oct 28, 2011 4:01pm
ya people go sleep
Have I got something on my face, SOLDIER?
  • #6,212
  • Oct 28, 2011 4:03pm Oct 28, 2011 4:03pm
Quoting FXMindset
thats mean you are long?
Short
Those who say it cannot be done should not interrupt those who are doing it
  • #6,213
  • Oct 28, 2011 4:05pm Oct 28, 2011 4:05pm
Quoting Blobik
How do you interpret it? Cause I only see, that people simply accumulated positions on both sides as we were ranging. And are rather not afraid to leave them over weekend; they were less eager to jump yesterday. Probably due to the fact, that today we were ranging.
The short positions increased slightly but the long positions increased dramatically. There is more open interest as well.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,214
  • Oct 28, 2011 4:05pm Oct 28, 2011 4:05pm
Last chart after spending all the crazy week - I'm short @ 1.4160 Sl @ 1.4180 Risk 2% - TP : Set @ BE if reach 100 Pips and Let it Run until 1.18 and Yes I'm Insane
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If there was easy money lying around,no one would be forcing it into your
  • #6,215
  • Oct 28, 2011 4:08pm Oct 28, 2011 4:08pm
Quoting FXMindset
Last chart after spending all the crazy week - I'm short @ 1.4160 Sl @ 1.4180 Risk 2% - TP : Set @ BE if reach 100 Pips and Let it Run until 1.18 and Yes I'm Insane
I don't think you are insane. If you look at my trade details you will see that it is a good risk. Everything lines up nicely.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,216
  • Oct 28, 2011 4:11pm Oct 28, 2011 4:11pm
Makes sense.

Quoting PipTrapper
If enough people use it, it may have an impact.
Since it is not taught as part of any trading courses (that I know of), one would assume that it is not widely used. So based on that assumption, the simple answer is no.
  • #6,217
  • Oct 28, 2011 4:12pm Oct 28, 2011 4:12pm
Quoting PipTrapper
I don't think you are insane. If you look at my trade details you will see that it is a good risk. Everything lines up nicely.
@ Daily we have Double Top and I'm waiting for monthly closed and it seems has form a Larger Diamond Top - Minimum Target 1.26 Max 1.18
If there was easy money lying around,no one would be forcing it into your
  • #6,218
  • Oct 28, 2011 4:18pm Oct 28, 2011 4:18pm
Quoting FXMindset
@ Daily we have Double Top and I'm waiting for monthly closed and it seems has form a Larger Diamond Top - Minimum Target 1.26 Max 1.18
That is not technically a double top but it is key pivotal resistance at 1.4250

Double top would be at 1.4547 area.

It is still a good trade though in my opinion.

Now we see next week.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,219
  • Oct 28, 2011 4:22pm Oct 28, 2011 4:22pm
Quoting PipTrapper
Here is a comparison between Thursday US close and Friday US close of Pending orders and open positions for Oanda traders.
Just so you know what retail traders are betting on.
Typically the majority of retail traders are wrong so I would go contrary to what I see on these charts.

.
Based on this it looks like it should go to 1.43, too many shorts in the money to give longs a squeeze
  • #6,220
  • Oct 28, 2011 4:26pm Oct 28, 2011 4:26pm
Quoting PipTrapper
That is not technically a double top but it is key pivotal resistance at 1.4250

Double top would be at 1.4547 area.

It is still a good trade though in my opinion.

Now we see next week.
Actually I have name on that kind of Double Top but am believe that nobody will recognised it,It called Double Top Adam & Adam

Have a Nice Weekend and Thanks For the positive effort in this thread PT
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