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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #7,641
  • Nov 4, 2011 7:18am Nov 4, 2011 7:18am
economically the rate move yesterday should've done more damage...this thing is just praying for Hopium out of some politician...market is beggin for something to move up on...but its very grim headlines that don't stop coming.

All in all, I got this testing 1.365 today...
  • #7,642
  • Nov 4, 2011 7:20am Nov 4, 2011 7:20am
Papababoo confidence vote at midnight. Won't market be closed then?

Things that make you go, hmmmmmm!
  • #7,643
  • Nov 4, 2011 7:21am Nov 4, 2011 7:21am
Quoting PipKiller
That's good for another 100 pips short
  • #7,644
  • Nov 4, 2011 7:21am Nov 4, 2011 7:21am
Been hitting a pivot of 1.37210 on my charts that seems to be a bit reactive for the time being.
It's easy to be humbled but hard to be humble.
  • #7,645
  • Nov 4, 2011 7:22am Nov 4, 2011 7:22am
Quoting Blobik
Hmm, moves like drunk.

Took my profit before NFP like Gofer. Tried to get the spike, but my broker destoyed the attempt with requotes... punching "Enter" like mad didn't help. Right now she goes in spike direction, smells to me. I think it should be down, buut... no idea why she is not dropping.

Oh, she started, Just a multi-spike. Short running SL at BE.

ADD: Killed my trade. Noticed, that my daily profit is enough. And it is risky to play with her now...

ADD2: Doh, hope It wasn't dumb Nah, I will just try to be grateful that I...
tell me about requotes, i had all those when i was w fxcm... they scam very smartly.
  • #7,646
  • Nov 4, 2011 7:23am Nov 4, 2011 7:23am
Other than Obama... has something happened in the last hour that we don't know about?

And look at this chart... We have seen this about 10 times in the last few weeks. 9 of those were followed by a dramatic reversal. You think we are going to see another one?
Attached Image (click to enlarge)
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Kill the ego, or it will kill the mission.
  • #7,647
  • Nov 4, 2011 7:24am Nov 4, 2011 7:24am
Quoting drtorque
tell me about requotes, i had all those when i was w fxcm... they scam very smartly.
Same with GFT, I kind of view requotes as extra validation that a trade idea is a good one
Anything can happen.
  • #7,648
  • Nov 4, 2011 7:28am Nov 4, 2011 7:28am
Quoting AaronWard
Other than Obama... has something happened in the last hour that we don't know about?

And look at this chart... We have seen this about 10 times in the last few weeks. 9 of those were followed by a dramatic reversal. You think we are going to see another one?
7:30am, 3rd (UTC) to present - a rough mirror. So simply on that basis - am prepared for a rapid reversal - will close half of shorts on the channel bottom, hold a few to see what happens in case it wants to go down a bit more, though as I write - its struggling and has that turning feeling...
  • #7,649
  • Nov 4, 2011 7:28am Nov 4, 2011 7:28am
Quoting PipKiller
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...
Bring it ON!
If there was easy money lying around,no one would be forcing it into your
  • #7,650
  • Nov 4, 2011 7:33am Nov 4, 2011 7:33am
Price is testing 1.372, breakout to the south or reversal? Trades number has been average so far, 200-300 per min.
  • #7,651
  • Nov 4, 2011 7:34am Nov 4, 2011 7:34am
Quoting PipKiller
That's good for another 100 pips short


I'm on the losing side today, less 60 pips... not a big deal

I'm pretty confused.. this is the way to learn how to trade the forex markets.
Happy about it

Pbh
  • #7,652
  • Nov 4, 2011 7:37am Nov 4, 2011 7:37am
Oh well... No regrets, If she breaks down... Then bearish flag confirmed, and 100-200 pip move should be there at least (technically perhaps even up to 500 pip move). If she does not... Hey, up again, toward a good shorting opportunity.
  • #7,653
  • Nov 4, 2011 7:38am Nov 4, 2011 7:38am
These are some of the reversals as seen on the 4 hour chart. Of course this is special because it is Friday.. and we have lots of indication of a major trend reversal... and a whole lot of basically bad news...but still...
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Kill the ego, or it will kill the mission.
  • #7,654
  • Nov 4, 2011 7:39am Nov 4, 2011 7:39am
Quoting AaronWard
These are some of the reversals as seen on the 4 hour chart. Of course this is special because it is Friday.. and we have lots of indication of a major trend reversal... and a whole lot of basically bad news...but still...
You mean, like "watch out for false break"?
  • #7,655
  • Nov 4, 2011 7:39am Nov 4, 2011 7:39am
Died Euro Died
Not yet - Bid lets Bid - Maybe Yes Maybe No
Attached Image (click to enlarge)
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If there was easy money lying around,no one would be forcing it into your
  • #7,656
  • Nov 4, 2011 7:43am Nov 4, 2011 7:43am
Quoting Pbh


I'm on the losing side today, less 60 pips... not a big deal

I'm pretty confused.. this is the way to learn how to trade the forex markets.
Happy about it

Pbh
Pbh... you need to be very careful about jumping in against a falling knife. I know the last couple of days have been strange... but typically something that is falling that fast will cut right through the first major resistance and then grind its way lower through a few more minor resistances. Also most falls will have two legs down... you jumped in on the first one...
Kill the ego, or it will kill the mission.
  • #7,657
  • Nov 4, 2011 7:47am Nov 4, 2011 7:47am
(maybe) market gave us discount ... just 0.02 cent
Quoting FXMindset
Died Euro Died
Not yet - Bid lets Bid - Maybe Yes Maybe No
Attached Image
not euphoria follower
  • #7,658
  • Nov 4, 2011 7:49am Nov 4, 2011 7:49am
I don't think it will break it
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  • #7,659
  • Nov 4, 2011 7:50am Nov 4, 2011 7:50am
Quoting iqyu5an
(maybe) market gave us discount ... just 0.02 cent
I need discount
If there was easy money lying around,no one would be forcing it into your
  • #7,660
  • Nov 4, 2011 7:50am Nov 4, 2011 7:50am
That is good advice, never feel like since you missed it that you can find a turning point half way through, those are account killers. Again the news was nothing all that important and the Euro boys have a way of keeping this thing propped up, so just keep an eye on it. At the end of the day it all means nothing and what we are left with is again hope and change lol.
Quoting AaronWard
Pbh... you need to be very careful about jumping in on a falling knife. I know the last couple of days have been strange... but typically something that is falling that fast will cut right through the first major resistance and then grind its way lower through a few more minor resistances. Also most falls will have two legs down... you jumped in on the first one...
It's easy to be humbled but hard to be humble.
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