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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #6,861
  • Nov 1, 2011 8:23am Nov 1, 2011 8:23am
Quoting PipTrapper
The trend is your friend but there is no reason to enter at the lows.
Take a fibo tool and draw it from the last swing hi to the last swing low on your M5 chart. Wait for price to retrace to 61.8% and short it. If you use stop loss, place it above the swing high.
If price does not reach the 61.8 and heads back down, try and catch it before it breaks out. If not wait for the next swing.

MY OPINION AND STYLE -- USE AT YOUR OWN RISK

This is also known as the Break, Breathe, Continue which is a great way to trade. I use it on larger time frames for position trades.
  • #6,862
  • Nov 1, 2011 8:23am Nov 1, 2011 8:23am
Dollar complete the C Moves and breaking 2 resistance of wave now aim higher,while the euro just breaking the first support wave
the market technically always good enough to let us know what would be happening later if we try understand them deep enough

Update USDX Daily and EURX Daily
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDX Daily.png Size: 47 KB
If there was easy money lying around,no one would be forcing it into your
  • #6,863
  • Nov 1, 2011 8:25am Nov 1, 2011 8:25am
over 600 pips from the peak last Thursday afternoon. Anyone thinking too far too much too fast? Now with that being said, as stubborn as I can be, I am no fool and don't plan on standing in the way of this falling dagger or trying to catch it. Any long opportunity I'm not even looking for till much later this afternoon after everything settles and then its all about getting in and out as quickly as possible. Didn't get to take the short last night after I scalped for a few pips up, kicking myself as it would have been 200 pips pocketed, I was looking for it but happen to be asleep when the set up happened
  • #6,864
  • Nov 1, 2011 8:25am Nov 1, 2011 8:25am
I couldnt ressist and added some more at this minor stop.
"I know one thing, that I know nothing." Sokrates
  • #6,865
  • Nov 1, 2011 8:26am Nov 1, 2011 8:26am
I am invite my friends kuroro from EU thread to here to share together,he is a nice guy and great in analysis
Please join our family mate
If there was easy money lying around,no one would be forcing it into your
  • #6,866
  • Nov 1, 2011 8:26am Nov 1, 2011 8:26am
Price is right under a major support, kicking it with high vol, its not a good idea to short it...Time will tell
COT: The precious data ignored
  • #6,867
  • Nov 1, 2011 8:26am Nov 1, 2011 8:26am
Quoting FXMindset
I am invite my friends kuroro from EU thread to here to share together,he is a nice guy and great in analysis
Please join our family mate
Cheers
COT: The precious data ignored
  • #6,868
  • Nov 1, 2011 8:28am Nov 1, 2011 8:28am
Hi Kuroro, welcome here. I switched like 3 weeks ago. No need to put 70% of people to ignore list here.

T
"I know one thing, that I know nothing." Sokrates
  • #6,869
  • Nov 1, 2011 8:29am Nov 1, 2011 8:29am
I am so tempted to add more short position but will wait and see now. Volume died down from 400-500 trades/min to 200 right now.

Quoting kuroro001
Price is right under a major support, kicking it with high vol, its not a good idea to short it...Time will tell
  • #6,870
  • Nov 1, 2011 8:29am Nov 1, 2011 8:29am
Right on course for 1.3650 edging closer
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  • #6,871
  • Nov 1, 2011 8:30am Nov 1, 2011 8:30am
Quoting kuroro001
Cheers
Welcome Kuroro. Any mate of FxMindset is a mate of mine
Those who say it cannot be done should not interrupt those who are doing it
  • #6,872
  • Nov 1, 2011 8:31am Nov 1, 2011 8:31am
Quoting Tom_D_Trader
Hi Kuroro, welcome here. I switched like 3 weeks ago. No need to put 70% of people to ignore list here.

T
Yuppie
If there was easy money lying around,no one would be forcing it into your
  • #6,873
  • Nov 1, 2011 8:32am Nov 1, 2011 8:32am
Quoting PipTrapper
Welcome Kuroro. Any mate of FxMindset is a mate of mine
Thanks you Sister
If there was easy money lying around,no one would be forcing it into your
  • #6,874
  • Nov 1, 2011 8:32am Nov 1, 2011 8:32am
NY opening bell just rang. I am hanging tight till the frenzy restarts.
Those who say it cannot be done should not interrupt those who are doing it
  • #6,875
  • Nov 1, 2011 8:34am Nov 1, 2011 8:34am
Quoting FXMindset
Thanks you Sister
Ha Ha Ha. You wish
Those who say it cannot be done should not interrupt those who are doing it
  • #6,876
  • Nov 1, 2011 8:36am Nov 1, 2011 8:36am
Quoting PipTrapper
Welcome Kuroro. Any mate of FxMindset is a mate of mine
Quoting Tom_D_Trader
Hi Kuroro, welcome here. I switched like 3 weeks ago. No need to put 70% of people to ignore list here.

T
Cheers guys!
Let's kill this pair now!
COT: The precious data ignored
  • #6,877
  • Nov 1, 2011 8:40am Nov 1, 2011 8:40am
Quoting PipTrapper
Did I say resistance? I meant support.
Probably just my creative reading skills. When I think about where I want price to go, I see a problem, something that might get in the way, creating friction or even a wall and so I naturally think of that as resistance. But technically, it is support-- unless you stand on your head.
Kill the ego, or it will kill the mission.
  • #6,878
  • Nov 1, 2011 8:41am Nov 1, 2011 8:41am
Emergency meetings will take place both in Europe and Greece....
be careful from now....
the fest could be over...for now ;-)
  • #6,879
  • Nov 1, 2011 8:52am Nov 1, 2011 8:52am
Thanks PT. I'm trying to trade with the trend, I've been trying for years, lol, but some how end up go counter trend trades most of the time as I often miss the daily trend moves because of work or having to sleep being on the east coast etc. But I aim to actually trade similar to you going with the trend for the most part but find it hard. I often look for exhaustion on the 1 hour stochastic no matter which direction I trade however I noticed if I am going with the trend, I don't necessarily need it to hit an extreme most of the time as long as I pay attention to the time of day as I notice that seems to be important, I'm able to use the 10 min for example as a good indicator. ... I think for me its again about this discipline thing, I believe I know what to do and I just need to do it instead of continually going counter what makes sense.

Quoting PipTrapper
Everybody has their own unique style.

For me, when the Technicals and fundamentals are both pointing south, I trade south only. If they don't point i the same direction, I remain flat.

Even if I am 100% certain we are getting a retrace or correction, I stand aside and wait until the correction or retrace has exhausted itself.

For example, The last time I took a long position on the Euro was April 2011.
I've been shorting on pullbacks ever since. Even in the ranging between May and August, I was only selling the rallies.

I currently have...
  • #6,880
  • Nov 1, 2011 8:52am Nov 1, 2011 8:52am
Quoting kuroro001
Cheers guys!
Let's kill this pair now!
Hi Kuroro,

I see you are from France... Whats your take on the long term viability of the Euro?
Kill the ego, or it will kill the mission.
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