EurAnalysis | Page 442 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #8,821
  • Nov 10, 2011 8:50am Nov 10, 2011 8:50am
Quoting foto
We have selling out of NY on the 9 am est open.
There remain huge long term carry trades in the Euro
Confidence may be shaken by what is turning into the family feud in Europe.
Governments have fallen, bond markets are being supported by CB action.

Head for the exit door is being heard. Money managers appear to be acting.
Ha Ha. Love your commentaries foto
Those who say it cannot be done should not interrupt those who are doing it
  • #8,822
  • Nov 10, 2011 8:55am Nov 10, 2011 8:55am
Quoting PipTrapper
Touch and go now. NY does not seem too eager to buy and USD is showing some strength. Hmmmm.
Too early to tell but so far looking a bit bearish.
My view is that the 2:30 pm uk 5m candle was good selling on the NYSE open, so I've taken an initial sell and will see what develops....
Trading Levels with WRBs
  • #8,823
  • Nov 10, 2011 8:58am Nov 10, 2011 8:58am
Thought I'd share my euro trade that I've taken. Missed the move down yesterday so I waited for at least a 50% retrace, as I think PT was doing as well so I read further up the thread.

Got the 50% retrace and I dropped down to the 5 min chart and found a lovely pinbar right on the 50% fib. Nice tight 20pip stop. Stops now at BE+10, and going to run it down and see where the PA takes me.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-11-10 at 14.53.29.png Size: 44 KB


Attached Image
  • #8,824
  • Nov 10, 2011 8:59am Nov 10, 2011 8:59am
The last hourly bar is strongly bearish. I regret that I missed that nice entry point for short. I think it will consolidate or go lower.
  • #8,825
  • Nov 10, 2011 9:00am Nov 10, 2011 9:00am
PT,
Hopefully am correct in interpretation.
  • #8,826
  • Nov 10, 2011 9:04am Nov 10, 2011 9:04am
Quoting PipTrapper
Touch and go now. NY does not seem too eager to buy and USD is showing some strength. Hmmmm.
Too early to tell but so far looking a bit bearish.
Sometimes I get the feeling, that there are two times in the market, too early to tell and to late to enter.
  • #8,827
  • Nov 10, 2011 9:07am Nov 10, 2011 9:07am
Quoting Islander
Nice one - not by any chance trading the ~30 pip 2 hour consolidation box are you?
the good ole consolidation box :-)

I'm keeping an eye on both eur & gbp/usd...... are the bears stopping and letting the bulls in..... we'll see :-)
patience is a virtue
  • #8,828
  • Nov 10, 2011 9:08am Nov 10, 2011 9:08am
Quoting Blobik
Sometimes I get the feeling, that there are two times in the market, too early to tell and to late to enter.
So what must we do then
If there was easy money lying around,no one would be forcing it into your
  • #8,829
  • Nov 10, 2011 9:11am Nov 10, 2011 9:11am
2 solid red candles on good volume.....but these may also contain buyers, so until / if the support area around the 61% retrace of todays action ~ 3550 is taken out I remain cautious....

Nice to see that the 5m pin / red doji at the top was noticed.....
Attached Image (click to enlarge)
Click to Enlarge Name: nov 10 eur 15m 1500 gmt.gif Size: 25 KB
Trading Levels with WRBs
  • #8,830
  • Nov 10, 2011 9:12am Nov 10, 2011 9:12am
Quoting FXMindset
So what must we do then
we take a break........... and come back in 1 hour
patience is a virtue
  • #8,831
  • Nov 10, 2011 9:18am Nov 10, 2011 9:18am
Quoting foto
PT,
Hopefully am correct in interpretation.
so far you seem to be 100% bang on
Those who say it cannot be done should not interrupt those who are doing it
  • #8,832
  • Nov 10, 2011 9:19am Nov 10, 2011 9:19am
Quoting Blobik
Sometimes I get the feeling, that there are two times in the market, too early to tell and to late to enter.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,833
  • Nov 10, 2011 9:21am Nov 10, 2011 9:21am
Quoting Islander
2 solid red candles on good volume.....but these may also contain buyers, so until / if the support area around the 61% retrace of todays action ~ 3550 is taken out I remain cautious....

Nice to see that the 5m pin / red doji at the top was noticed.....
I concur. I am still flat but itching to go short.
I may take a pass today and not trade at all. Something does not feel right. Still unfinished business at the 1.37 area
Those who say it cannot be done should not interrupt those who are doing it
  • #8,834
  • Nov 10, 2011 9:23am Nov 10, 2011 9:23am
Uf. I have booked some of those shorts so I aint exposed as much as I was before. I could use a break of 3563 though.

T.
"I know one thing, that I know nothing." Sokrates
  • #8,835
  • Nov 10, 2011 9:23am Nov 10, 2011 9:23am
Quoting lovepips
we take a break........... and come back in 1 hour
No girl for hug - No Break
If there was easy money lying around,no one would be forcing it into your
  • #8,836
  • Nov 10, 2011 9:30am Nov 10, 2011 9:30am
Dont you tell me you are going to jump up again. I command you to break 3563!

Edit: There you go my dear. Good girl. Another short safe.
Attached Image (click to enlarge)
Click to Enlarge Name: 111.jpg Size: 155 KB
"I know one thing, that I know nothing." Sokrates
  • #8,837
  • Nov 10, 2011 9:30am Nov 10, 2011 9:30am
Quoting PipTrapper
I concur. I am still flat but itching to go short.
I may take a pass today and not trade at all. Something does not feel right. Still unfinished business at the 1.37 area
adjusted my sell limit lower @ 1.3650 now - closed to early for 20 pips only - the next 4H seem match with 1.365 resistance
If there was easy money lying around,no one would be forcing it into your
  • #8,838
  • Nov 10, 2011 9:38am Nov 10, 2011 9:38am
Oh snap, shorted at 1.3589, put SL at BE+2, left room came back, SL hit, dropped another 30 pips, and I am

I will lay low and count pips with running trades and look for another spot!

Patience.....Wait for it!
  • #8,839
  • Nov 10, 2011 9:38am Nov 10, 2011 9:38am
So it hit that support area I mention and got knocked straight back up off the 50 level , so as its now late in the European afternoon, I've banked my pips and I'm finished for the day......they'll be plenty more pips to plunder tomorrow
Trading Levels with WRBs
  • #8,840
  • Nov 10, 2011 9:39am Nov 10, 2011 9:39am
Maybe just a short term phenomenon.
I was looking at the 1.3715 level. But went shortly after the open.
Can always dump it if it comes back.
38 traders viewing now