EurAnalysis | Page 451 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #9,001
  • Nov 11, 2011 3:45am Nov 11, 2011 3:45am
Quoting foto
This can be a Brutal business

all we have is
All we have is blackout in NY so fotos PC shut down?
"I know one thing, that I know nothing." Sokrates
  • #9,002
  • Nov 11, 2011 3:46am Nov 11, 2011 3:46am
So Hot Today
If there was easy money lying around,no one would be forcing it into your
  • #9,003
  • Nov 11, 2011 3:55am Nov 11, 2011 3:55am
Good morning to all my Bro's and sis's!

Uh...... thinking about moving stoploss for profit up out of the pennant a bit and moving add-on position entry down to 1.3670-80 area. Might be less profit on held trades.......but could be alot more to add-on, especially if sell limit hits. Then again it may all be safe against Tom's 1.3666 major resistance, at which point an entry with hourly close below pennant would be entry. Unless, the crazy b*st*rd freefalls! Then I will have to jump in quick and hope a scalp from lower range can be added to portfolio of shorts! Anyway here's chart!
Attached Image (click to enlarge)
Click to Enlarge Name: bear_pennant.png Size: 44 KB
  • #9,004
  • Nov 11, 2011 4:14am Nov 11, 2011 4:14am
Real Hot - Need air Conditioner
If there was easy money lying around,no one would be forcing it into your
  • #9,005
  • Nov 11, 2011 4:18am Nov 11, 2011 4:18am
Quoting Gofer Pips
Good morning to all my Bro's and sis's!

Uh...... thinking about moving stoploss for profit up out of the pennant a bit and moving add-on position entry down to 1.3670-80 area. Might be less profit on held trades.......but could be alot more to add-on, especially if sell limit hits. Then again it may all be safe against Tom's 1.3666 major resistance, at which point an entry with hourly close below pennant would be entry. Unless, the crazy b*st*rd freefalls! Then I will have to jump in quick and hope a scalp from lower range can be...
Seeing the same on the 4h Gofer I'm long since 1.3590 hoping to see 1.3670 or thereabouts before she comes down again!
Attached Image (click to enlarge)
Click to Enlarge Name: 11-10-25_20-10-07_EURUSD.gif Size: 18 KB
  • #9,006
  • Nov 11, 2011 4:38am Nov 11, 2011 4:38am
Quoting RodMca
Seeing the same on the 4h Gofer I'm long since 1.3590 hoping to see 1.3670 or thereabouts before she comes down again!
Rod for it to get that high it will be in a tight,tight trading range as this level is right at the end of the pennant on the 1H. I think we may have seen high at Tom's .3666 major resistance and it is the middle resistance between level 1 and 2 on my chart. Who knows for sure other than chart, as we have banks closed and it is FrEaKy FrIdAy!
  • #9,007
  • Nov 11, 2011 4:53am Nov 11, 2011 4:53am
Its Time
If there was easy money lying around,no one would be forcing it into your
  • #9,008
  • Nov 11, 2011 5:06am Nov 11, 2011 5:06am
No Mood for going down yet - She wants higher - break 1.367 - next might be 1.37

Check 1 2 3 Check check
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #9,009
  • Nov 11, 2011 5:12am Nov 11, 2011 5:12am
God this is booooring!!!

I keep checking my computer to see if my internet connection is working.

BTW FX Mindset, I like your signature line.
Kill the ego, or it will kill the mission.
  • #9,010
  • Nov 11, 2011 5:16am Nov 11, 2011 5:16am
Quoting AaronWard
God this is booooring!!!

I keep checking my computer to see if my internet connection is working.

BTW FX Mindset, I like your signature line.
Thanks Mate - very Hot here now - I need coca cola - check in later - see ya
If there was easy money lying around,no one would be forcing it into your
  • #9,011
  • Nov 11, 2011 5:18am Nov 11, 2011 5:18am
Quoting AaronWard
God this is booooring!!!

I keep checking my computer to see if my internet connection is working.

BTW FX Mindset, I like your signature line.
Heh, tell me bro. Have some hanging longs on oil and gold and AUD (no way for EUR long) currently in tiny profit... but they keep dancing close to the entry, have no idea if holding them has any point...

ADD: oil hit its TP, yay.
  • #9,012
  • Nov 11, 2011 5:25am Nov 11, 2011 5:25am
Quoting FXMindset
Its Time
Wait for it............
  • #9,013
  • Nov 11, 2011 5:25am Nov 11, 2011 5:25am
Wait for it............
  • #9,014
  • Nov 11, 2011 5:26am Nov 11, 2011 5:26am

Wait for it............
  • #9,015
  • Nov 11, 2011 5:28am Nov 11, 2011 5:28am
Hope that the attachment is open for you.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd screenshot.gif Size: 34 KB
  • #9,016
  • Nov 11, 2011 5:43am Nov 11, 2011 5:43am
Back -

What is Good Trader ?
Win 1 2 3 times consider great ? NO
Consistently 1 2 3 year profit ? NO
Great System With winning rate over 70%-80%-90% ? NO

Never think yourself Great - Never proud of your winning - NO Ego - NO Cocky -Always Survives In The Market even in the volatile Condition - whatever how small your profits is - Till your last breath - Attitude Keep well - Mind keep Well

Never underestimate The Market - Always Respect The Market

Thats called Good Trader


Always Coca Cola -


Cheers
If there was easy money lying around,no one would be forcing it into your
  • #9,017
  • Nov 11, 2011 5:57am Nov 11, 2011 5:57am
Quoting FXMindset
...Till your last breath - Attitude Keep well - Mind keep Well

Never underestimate The Market - Always Respect The Market

Thats called Good Trader
...
Those who say it cannot be done should not interrupt those who are doing it
  • #9,018
  • Nov 11, 2011 5:57am Nov 11, 2011 5:57am
Quoting Islander
GM - no, 02:00 EST is the Frankfurt Open = 07:00 UK

The London Open is at 08:00 UK = 03:00 EST

So we have the FO in 15 mins as Europe wakes up....
There is a very important point that I want to share about opening hours in each time zone. This is both an observation and a fact.

For myself I use 2:00 AM EST as the start of the Europe trading session. I also use 7:00 PM EST for the start of the Asia trading session however it continues to get stronger as more area's join in right up to 10:00 PM EST.

For the USA or North American session my starting point is 7:00 AM EST.

There is a very interesting occurence during these times. You all can start to follow it on your own now that I am revealing it.

Here is what happens. The retail trader's quite a large group during present times moves the market's usually in the wrong direction. Then the large currency houses, banks and others join the fray. They then have their breakfast eating up and taking their profits. Then at 3:00 AM the trading starts and the money flow along with new fundamentals news and of course the spin news from various articles showing up in the papers adds to the confusion and changing or confirming perceptions.

The most interesting time to trade for myself is from 7:00 AM EST to NOON each day as news comes out at 8:30 AM and 10:00 AM and there is also Option Expiry in the Forex market each day and then Europe closes between 11:00 AM and NOON.

From NOON to 2:00 PM I do not trading as it is quiet over lunch. The last three hours are good as the North American markets close at 4:00 PM EST and at 5:00 PM EST we have the daily Rollovers. Then from 5:00 PM until 8:00 PM things are too quiet to trade. I will watch between 8:00 PM EST until 10:00 PM EST to see if anything is brewing.

By 11:00 PM EST I am getting ready for bed so I can awake at 2:00 AM and hang around until 5:00 AM when I might take a nap or make love until about 7:00 AM EST and have my breakfast and read my newspapers and watch the Spin Meisters on CNBC getting ready for the 8:30 AM news out while watching the Dow Futures change with the news. I also follow Gold and the US Bond Yields on the 2 Year and 10 Year US Bonds.

The markets by 10:00 AM start to move more and thus all the asset classes start moving as well and the value of the currencies you trade change and the charts change as well and then you watch support and resistance and on we go.

I hope this post helps some of you as it is the only way it works for me who does this full time as a currency trader.

Have a great trading day.
  • #9,019
  • Nov 11, 2011 6:00am Nov 11, 2011 6:00am
Quoting PipTrapper
Always Coca Cola


Cheers
Attached Image (click to enlarge)
Click to Enlarge Name: polarbear.jpg Size: 47 KB
If there was easy money lying around,no one would be forcing it into your
  • #9,020
  • Nov 11, 2011 6:03am Nov 11, 2011 6:03am
does anybody interested in the history of Iceland bankruptcy?
what happened with it's debt in favor of Britain and Holland?

FYI
At the referendum in March 2010 93% of citizens voted "do not refund debts"
They ignored the advice to privatize the main resources and stayed sovereignty (small but very proud hedgehogg ).

I wonder what way Greece and Italy will choose
99 traders viewing now