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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #8,701
  • Nov 10, 2011 4:46am Nov 10, 2011 4:46am
Quoting PipTrapper
TP @ 1.3580?

TP@ 1.23 on all.
  • #8,702
  • Nov 10, 2011 4:47am Nov 10, 2011 4:47am
Quoting Tom_D_Trader
May I ask why and where do you expect it to range? Coz I expect it to drop like a rock.

T.
That's what makes a market, everyone has a different opinion, and we take different sides on our trades, I have no idea what the range is, I just don't see the Euro dropping like a rock until next year. I think it will be well bid in the low 1.34s and well sold in the high 1.38s, so i guess that's my range, but for exact numbers, no idea. I'm looking to get out of my longs at 1.3690 to 1.3720.
Yay! Pips for everyone!
  • #8,703
  • Nov 10, 2011 4:51am Nov 10, 2011 4:51am
Quoting greenuns
anybody think 1.322 area as something viable?
it's the 161.8 extension of this whole move from 1.42...
I see 338 - 339 viable. Could be retracement up though. Thats why I put those SL at BE. I am afraid of last spike up to 366 before downfall. That hopium spike up to 1,42 taught me a lesson.
"I know one thing, that I know nothing." Sokrates
  • #8,704
  • Nov 10, 2011 4:55am Nov 10, 2011 4:55am
Turns out his trade is pretty similar to mine. Isn't his style BO trading, not scalping? My idea of scalping is 1M, 5M and exit with 1-5 pips. I couldn't make it work so I'll scrap it all together and just do BO and swing trade now.

My SL is way way up in 1.39, if E/U can climb back that far on hopium, I'll give Eurozone some credit.

Quoting AaronWard
Don't fight the flow. Going long on key pullbacks works fine for this leg up. Wait until there is a clear reversal of sentiment. Then reverse direction.

A clear reversal only comes around after you have at a minimum a broken trendline, a double top and a clear reversal bar on the five minutes. If you don't have all three... forget it.

Also pay special attention to the key resistances.

Edit: Gopher Pips does some really quality scalping. Pay attention when he posts.
  • #8,705
  • Nov 10, 2011 4:57am Nov 10, 2011 4:57am
Quoting AaronWard
Don't fight the flow. Going long on key pullbacks works fine for this leg up. Wait until there is a clear reversal of sentiment. Then reverse direction.

A clear reversal only comes around after you have at a minimum a broken trendline, a double top and a clear reversal bar on the five minutes. If you don't have all three... forget it.

Also pay special attention to the key resistances.

Edit: Gopher Pips does some really quality scalping. Pay attention when he posts.
Thanks Bro

I can only enter shorts on the pair with open short so I look for entries to scalp long on AUDUSD, short EURUSD.

US brokers only allow this...no hedging. IBFX Australia does allow, but they can't take US clients.
  • #8,706
  • Nov 10, 2011 4:58am Nov 10, 2011 4:58am
Quoting jeff_b
Turns out his trade is pretty similar to mine. Isn't his style BO trading, not scalping? My idea of scalping is 1M, 5M and exit with 1-5 pips. I couldn't make it work so I'll scrap it all together and just do BO and swing trade now.

My SL is way way up in 1.39, if E/U can climb back that far on hopium, I'll give Eurozone some credit.
Scalping is ... not clearly defined.

To me scalping is holding a position for a short period of time for a quick buck. As I understand Gophers approach (feel free to correct me) he picks his entries and then is flexible about his exits. Some of his trades are scalps and others are longer term swing or position trading.

Edit: PT I am sure you will be horrified to know that I just did my first long scalp of the week. 15 pips on hopium.
Kill the ego, or it will kill the mission.
  • #8,707
  • Nov 10, 2011 4:59am Nov 10, 2011 4:59am
Quoting Gofer Pips
Babysitting

It is at BE+2 as add-on, trying to stretch SL position on yesterdays shorts.

EDIT:Yesterdays two positions bothset at 1.3680 SL
I have my sell limit at 1.3690
Those who say it cannot be done should not interrupt those who are doing it
  • #8,708
  • Nov 10, 2011 4:59am Nov 10, 2011 4:59am
Quoting Gofer Pips
Thanks Bro

I can only enter shorts on the pair with open short so I look for entries to scalp long on AUDUSD, short EURUSD.

US brokers only allow this...no hedging. IBFX Australia does allow, but they can't take US clients.
I hedge the same way.
Yay! Pips for everyone!
  • #8,709
  • Nov 10, 2011 5:00am Nov 10, 2011 5:00am
Quoting Pipsforall
That's what makes a market, everyone has a .....
I have set final low in the range @1,25 till 1.12.2011 - 11.5.2012 according to @ 560 days long term mumbo jumbo cycles. It depends on how long they will manage to kick the can down the road. So it may come around January and we will both be right.

But since PK brought my attention to US fiscal cuts which should be provided at 23rd of Dec, I am having a view of doomsday Christmas for Euro.

T.
"I know one thing, that I know nothing." Sokrates
  • #8,710
  • Nov 10, 2011 5:00am Nov 10, 2011 5:00am
Quoting greenuns
anybody think 1.322 area as something viable?
it's the 161.8 extension of this whole move from 1.42...
I'm projecting much lower than that, but not this week. Maybe December.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,711
  • Nov 10, 2011 5:00am Nov 10, 2011 5:00am
Nice -7.294% (Italian bond yields) and improving
  • #8,712
  • Nov 10, 2011 5:02am Nov 10, 2011 5:02am
Quoting knoholygrail
I really appreciate your in depth coverage of the Europe debt situation. I get the reports from this website everyday in my email. The analysis is superior to anything on CNBC.

I will post the link so everyone interested can read and understand what is going on. Have a good trading day.

http://theeconomiccollapseblog.com/a...ng-upside-down

Snippet:

http://www.bloomberg.com/apps/quote?ticker=GBTPGR2:IND
Than ks Kno. Much appreciated
Those who say it cannot be done should not interrupt those who are doing it
  • #8,713
  • Nov 10, 2011 5:04am Nov 10, 2011 5:04am
Italy brought the panics back to the financial markets. If anyone thought that the approval of the European bailout plan would take the markets to the green track, yesterday was the proof that no one can really know where the markets are heading.

http://p4tre.emv3.com/HM?a=ENX7Cqm6D...Vsje_HhdBNhlFa
  • #8,714
  • Nov 10, 2011 5:04am Nov 10, 2011 5:04am
I see EU back to 3830 by Friday close

I will be the first one to mention this and it is copy righted
  • #8,715
  • Nov 10, 2011 5:05am Nov 10, 2011 5:05am
Quoting jeff_b
Turns out his trade is pretty similar to mine. Isn't his style BO trading, not scalping? My idea of scalping is 1M, 5M and exit with 1-5 pips. I couldn't make it work so I'll scrap it all together and just do BO and swing trade now.

My SL is way way up in 1.39, if E/U can climb back that far on hopium, I'll give Eurozone some credit.
All entries are on low TF's. I use large TF's for big picture of trend.
I have said before my preferred strategy is to scalp, but if indications that move becomes trend and not ranging on larger timeframe.......trade becomes a position to hold. After reaching BE+2, I can't lose anything and stand to make alot if move follows through.

If a pullback occurs to 50% fib I have position SL above here and if hit, will analyze if another entry at 61.8%, 74.6%, or even double top/bottom.
There are more than fibs involved. As Aaron so eloquently puts it its all about the PATAFA!
  • #8,716
  • Nov 10, 2011 5:06am Nov 10, 2011 5:06am
Quoting Gofer Pips
Thanks Bro

I can only enter shorts on the pair with open short so I look for entries to scalp long on AUDUSD, short EURUSD.

US brokers only allow this...no hedging. IBFX Australia does allow, but they can't take US clients.
My broker is FXDD Malta... based in NY...serving an American client (me) ...with 200:1 leverage and hedging.
Kill the ego, or it will kill the mission.
  • #8,717
  • Nov 10, 2011 5:09am Nov 10, 2011 5:09am
Quoting dsugums
I see EU back to 3830 by Friday close

I will be the first one to mention this and it is copy righted

Crystal ball? Can I please get a peek!

I close all shorts and place entire account on long!

NOT

Please post reasons
  • #8,718
  • Nov 10, 2011 5:09am Nov 10, 2011 5:09am
Quoting AaronWard
My broker is FXDD Malta... based in NY...serving an American client (me) ...with 200:1 leverage and hedging.
That's who I use for scalping the M1 charts. Very small account but gives me something to play with while waiting for swing and position trade setups on my big account.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,719
  • Nov 10, 2011 5:10am Nov 10, 2011 5:10am
Quoting Pbh
Nice -7.294% (Italian bond yields) and improving
Rofl. They are really "improving". For me and the rest of the bears.
"I know one thing, that I know nothing." Sokrates
  • #8,720
  • Nov 10, 2011 5:10am Nov 10, 2011 5:10am
Quoting Gofer Pips
Crystal ball? Can I please get a peek!

I close all shorts and place entire account on long!

NOT

Please post reasons
I got my extra super duper crystal ball with me Its all based on PA, no charts nor lines or indies
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