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EurAnalysis Kindergarten 24 replies

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  • #8,061
  • Nov 7, 2011 9:09am Nov 7, 2011 9:09am
Quoting PipKiller
Your moving averages on the SPX are screaming bull market
That was the H4 chart so ignore the MAs.
Look at the Daily chart instead...

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Those who say it cannot be done should not interrupt those who are doing it
  • #8,062
  • Nov 7, 2011 9:14am Nov 7, 2011 9:14am
Quoting PipTrapper
That was the H4 chart so ignore the MAs.
Look at the Daily chart instead...

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Daily says the Bear is eating steak all winter.
I don't care which way the market is going as long as it's going my way
  • #8,063
  • Nov 7, 2011 9:16am Nov 7, 2011 9:16am
Come on Euro. Take us to wave 5

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Those who say it cannot be done should not interrupt those who are doing it
  • #8,064
  • Nov 7, 2011 9:17am Nov 7, 2011 9:17am
Quoting Blobik
Seems she will play with 1.378 from other side before going up. I consider longing it there. With tight SL only.
she's been doing a sideways dance now for the the last 30 mins.... whatever way she goes, let's hope its with a bang :-)
patience is a virtue
  • #8,065
  • Nov 7, 2011 9:17am Nov 7, 2011 9:17am
Quoting PipKiller
Daily says the Bear is eating steak all winter.
Exactly
Those who say it cannot be done should not interrupt those who are doing it
  • #8,066
  • Nov 7, 2011 9:18am Nov 7, 2011 9:18am
Quoting lovepips
she's been doing a sideways dance now for the the last 30 mins.... whatever way she goes, let's hope its with a bang :-)
Agree, that she is showing symptoms of amnesia. I mean, she broke resistance and forgot where she wanted to go.
  • #8,067
  • Nov 7, 2011 9:20am Nov 7, 2011 9:20am
Quoting Blobik
Agree, that she is showing symptoms of amnesia. I mean, she broke resistance and forgot where she wanted to go.
She has to re-test that resistance as support first. Kind of like a launch pad.
Countdown begins now (unless rocket explodes on ignition)
Those who say it cannot be done should not interrupt those who are doing it
  • #8,068
  • Nov 7, 2011 9:25am Nov 7, 2011 9:25am
Quoting PipTrapper
She has to re-test that resistance as support first. Kind of like a launch pad.
Countdown begins now (unless rocket explodes on ignition)
I hope she won't break back lower

ADD: Hmm, what is that? She does not look bullish anymore...
  • #8,069
  • Nov 7, 2011 9:29am Nov 7, 2011 9:29am
Quoting Blobik
I hope she won't break back lower
it's no big deal if she does. If price breaks the channel support aggressively, I will short on the next pullback.
No sense trying to predict. I wait for confirmation. In this volatile environment, you have to expect it to jump around.
I still expect it to reach my wave 5 target around 1.3890 to 1.3925 area.
If I'm wrong about that, then I'll just have to be patient and wait for the next opportunity.

ADD: There is plenty of downside risk to take advantage of. The key is to find a nice entry.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,070
  • Nov 7, 2011 9:32am Nov 7, 2011 9:32am
US and European stock markets turned south again. Futures still mixed, slightly risk on right now.

Closed my small long +30. Enough to pay for my cigarrettes this week LOL. Already off to a great start this week at +18% so far for the week so it's time for a break and not time to piss away my profit trying something new like I did last week.

Time to sit on my hands and wait for now. I still have my 1.3922 limit short waiting.
I don't care which way the market is going as long as it's going my way
  • #8,071
  • Nov 7, 2011 9:33am Nov 7, 2011 9:33am
Quoting PipKiller
US and European stock markets turned south again. Futures still mixed, slightly risk on right now.

Closed my small long +30. Enough to pay for my cigarrettes this week LOL. Already off to a great start this week at +18% so far for the week so it's time for a break and not time to piss away my profit trying something new like I did last week.

Time to sit on my hands and wait for now. I still have my 1.3922 limit short waiting.
Gimme one cigarrettes mate
If there was easy money lying around,no one would be forcing it into your
  • #8,072
  • Nov 7, 2011 9:35am Nov 7, 2011 9:35am
Quoting PipTrapper
it's no big deal if she does. If price breaks the channel support aggressively, I will short on the next pullback.
No sense trying to predict. I wait for confirmation. In this volatile environment, you have to expect it to jump around.
I still expect it to reach my wave 5 target around 1.3890 to 1.3925 area.
If I'm wrong about that, then I'll just have to be patient and wait for the next opportunity.

ADD: There is plenty of downside risk to take advantage of. The key is to find a nice entry. ...
Spot ON - No Need Hurry - Good Mindset
If there was easy money lying around,no one would be forcing it into your
  • #8,073
  • Nov 7, 2011 9:37am Nov 7, 2011 9:37am
Hmm, maybe I misplaced my SR lines. Where does this S/R area lay according to you ?
  • #8,074
  • Nov 7, 2011 9:41am Nov 7, 2011 9:41am
Closed earlier trade at 1.3806 at 1.3745
using cross of Rods 5sma cross of 10 sma on the 1H.

Used possible double top of high this week 1.3816 minus few pips at MR1 at 1.3812 and development of Bearish divergence on THV3.

The trix seems to foreshadow signal using Rods sma crosses.

I will exit this if we test and break daily low at 1.3680 and will remove 1/2 position and leave rest at BE+2.
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  • #8,075
  • Nov 7, 2011 9:43am Nov 7, 2011 9:43am
And below the zone again. Those guys should make up their mind already.
"I know one thing, that I know nothing." Sokrates
  • #8,076
  • Nov 7, 2011 9:46am Nov 7, 2011 9:46am
This Up Seems not finished yet - Maybe need several Daily Bar again to form Daily Right Shoulder
If there was easy money lying around,no one would be forcing it into your
  • #8,077
  • Nov 7, 2011 9:49am Nov 7, 2011 9:49am
Maybe, maybe not.....but I will short this sucker on rallies and get a little at a time, or be in for a biggie drop, and I will buy AUDUSD on risk.

EDIT: I got FX top of page!
  • #8,078
  • Nov 7, 2011 9:49am Nov 7, 2011 9:49am
Got stopped out... Seems I screwed this time. Well, will wait for another opportunity, then.

ADD: brief analysis of my trades brings me to conclusion, that I trade better when I forget about S/R levels... have no idea why.
  • #8,079
  • Nov 7, 2011 9:52am Nov 7, 2011 9:52am
Quoting Blobik
Got stopped out... Seems I screwed this time. Well, will wait for another opportunity, then.
Yeap - Waiting next - Middle Range yet
If there was easy money lying around,no one would be forcing it into your
  • #8,080
  • Nov 7, 2011 9:53am Nov 7, 2011 9:53am
Quoting Gofer Pips
Maybe, maybe not.....but I will short this sucker on rallies and get a little at a time, or be in for a biggie drop, and I will buy AUDUSD on risk.

EDIT: I got FX top of page!
I am curious, I hope it isn't unkind to ask, but what % of bad trades do you get? I don't remember any losers posted, so seems you got nice win/lose ratio
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