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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #7,621
  • Nov 4, 2011 6:43am Nov 4, 2011 6:43am
Quoting Pbh
we can even hit way higher
Whats you guestimate? I'm thinking 1.435-8 region with 438 being a favourite.

1.44 possible in waveforms that I see possibly coming up, but thinking low probability.

The 1.422 of 27th seemed too low, I had expected 1.432 at the time for reasons I cannot remember, but are in a chart I posted around the time.
  • #7,622
  • Nov 4, 2011 6:46am Nov 4, 2011 6:46am
Quoting Khazul
Whats you guestimate? I'm thinking 1.435-8 region with 438 being a favourite.

1.44 possible in waveforms that I see possibly coming up, but thinking low probability.

The 1.422 of 27th seemed too low, I had expected 1.432 at the time for reasons I cannot remember, but are in a chart I posted around the time.
easy to explain.. retest of the swing high... I'm leaving now

left a trade running, hopefully it's been all for the euro today

see ya later

Pbh
  • #7,623
  • Nov 4, 2011 6:47am Nov 4, 2011 6:47am
Quoting FXMindset
Hold your short if EU reach 1.3670,possible resume down
If it gets that low - yes very likely. Ive got my 'going-south' line at 1.3656 (partly because I've been merciliessly stabbed in the back too many times recently by overshoots).
  • #7,624
  • Nov 4, 2011 6:47am Nov 4, 2011 6:47am
Quoting Gofer Pips
Just wondering if my indies are plotting correct numbers.

I have monthly pivot at 1.3712
weekly at 1.3805
daily at 1.3777

Are these correct?
Chart crashed last night and not sure if I need to tweeak.

Thanks ahead!
Mine are:
Based on GMT Server Time
Daily: 1.37769
Weekly: 1.40600
Monthly: 1.37495
Those who say it cannot be done should not interrupt those who are doing it
  • #7,625
  • Nov 4, 2011 6:49am Nov 4, 2011 6:49am
Should have left sell running... Maybe next time...
  • #7,626
  • Nov 4, 2011 6:51am Nov 4, 2011 6:51am
Quoting Pbh
easy to explain.. retest of the swing high... I'm leaving now

left a trade running, hopefully it's been all for the euro today

see ya later

Pbh
OK - my basis is that for the past couple of weeks its been roughly reversing oct 2010 move, so I projected out TLs through the wave peaks to where they intersect with current likely S/R levels.

One of the intersects missed the high of the other week by only a few pips, so keeping a very close eye on it after that

(Found the old post from - http://www.forexfactory.com/showthre...84#post5079784)
  • #7,627
  • Nov 4, 2011 6:51am Nov 4, 2011 6:51am
Quoting Blobik
Should have left sell running... Maybe next time...
Me Too!
  • #7,628
  • Nov 4, 2011 6:53am Nov 4, 2011 6:53am
Quoting TheSwede
Ok so are we in bear territory or do we need a break of 1.365 first?

Missed one of my entries (1.3880) by 13 PIPS.

Thought NFP was ok?
NFP was not excellent, but very good

However, risk is off due to Sarkozy's mindless drivel from the G20
Besides his depressing announcement that the EFSF box is still empty, he is also making threats against tax havens, so I think all those investors with undeclared holdings are also liquidating.

Bear Territory for me will be an H1 break and hold below monthly pivot at 1.3750
Those who say it cannot be done should not interrupt those who are doing it
  • #7,629
  • Nov 4, 2011 6:56am Nov 4, 2011 6:56am
Quoting Gofer Pips
IMHO
5 minutes until hourly close and it might be GERONIMO!

If not good close. Wait another hour
  • #7,630
  • Nov 4, 2011 6:58am Nov 4, 2011 6:58am
Gosh. Will she ever stop? Drops like mad...
  • #7,631
  • Nov 4, 2011 7:01am Nov 4, 2011 7:01am
Quoting Blobik
Gosh. Will she ever stop? Drops like mad...
Probably 1 Friday in two it does something like this...maybe 4 in 10...
Kill the ego, or it will kill the mission.
  • #7,632
  • Nov 4, 2011 7:02am Nov 4, 2011 7:02am
will load more at retest of 1.3758
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  • #7,633
  • Nov 4, 2011 7:04am Nov 4, 2011 7:04am
bear flag support is around 1.3677...see if she holds...otherwise, put a stake in her...she's done til 1.3608
  • #7,634
  • Nov 4, 2011 7:04am Nov 4, 2011 7:04am
I guess I will be missing the train again.

Lower unemployment is great. It should boost markets = strenghten USD.
Box is still empty = weaken EUR.
Both resulting in bear.

Yet it is fryday, and I was also afraid of spike up for SL hunt, so I didnt manage to hop in @ ,385.

Well, GL to you guys, who managed to get in on time. I hope you will make some good cash.

T.
"I know one thing, that I know nothing." Sokrates
  • #7,635
  • Nov 4, 2011 7:05am Nov 4, 2011 7:05am
Had a sell limit @ 1.385 and have just exited with 120pips. Weekend starts early. Cheers guys. E/U may even go lower to 1.7 or 1.6 but I had enough. 80 pips yesterday, 120 pips today.

EDIT: I feel bad for E/U, been shorting it like hell lately.

EDIT: Huge thanks to all the guys in this thread with their detailed analysis, helped me in my own quite a lot. My own analysis is crap so I'm adverse to sharing it in case some guys follow and results in losses.
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  • #7,636
  • Nov 4, 2011 7:11am Nov 4, 2011 7:11am
Quoting FXMindset
Hold your short if EU reach 1.3670,possible resume down
Good advice and and my daily charts are telling me to take the advice too. Considering I've already pulled off 1/2 +67 and rest is at break even. Nothing to lose on a good supply and demand entry I had. I don't have to chase this evil witch like everyone else now. Target moved down to 1.3055 to give her some room.

Currently second piece is +93 pips and I have no risk on the table, just a little profit.

Looking at the daily. If she makes it to my second target the short term up trend line will be broken.

Daily trend line analysis suggests this pair is accelerating to the downside.

A break through the 1.3569 - 1.3652 demand level and 23.6 Fib support @ 1.3559 there is not much to stop it free falling until the 1.3365-1.3450 demand level.

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I don't care which way the market is going as long as it's going my way
  • #7,637
  • Nov 4, 2011 7:13am Nov 4, 2011 7:13am
Uh-Oh! Obama getting ready to talk!
  • #7,638
  • Nov 4, 2011 7:17am Nov 4, 2011 7:17am
Quoting PipTrapper
NFP was not excellent, but very good

However, risk is off due to Sarkozy's mindless drivel from the G20
9:41 EST ... Sarkozy: Strong euro shows market confidence. (and euro tanks 100pips)


Yea OK buddy. I believe you.

Keep talking and I will hit my target at 1.3155
I don't care which way the market is going as long as it's going my way
  • #7,639
  • Nov 4, 2011 7:18am Nov 4, 2011 7:18am
I am sure it will be historic, all bush's fault and the new 80,000 jobs all his doing...priceless.

Quoting Gofer Pips
Uh-Oh! Obama getting ready to talk!
It's easy to be humbled but hard to be humble.
  • #7,640
  • Nov 4, 2011 7:18am Nov 4, 2011 7:18am
Quoting Gofer Pips
Uh-Oh! Obama getting ready to talk!
That's good for another 100 pips short
I don't care which way the market is going as long as it's going my way
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