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EurAnalysis Kindergarten 24 replies

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  • #9,261
  • Nov 12, 2011 3:09am Nov 12, 2011 3:09am
Quoting iqyu5an
the tendency : people love cheap and cheapest item.... whatever it is ( car , food, clothes .... and stock / currency ) ..... so once they think it's cheap........ they buy it "wants,need and demand law".

make it simple
Very true. Buy low / Sell high. Basic concept
Those who say it cannot be done should not interrupt those who are doing it
  • #9,262
  • Nov 12, 2011 3:53am Nov 12, 2011 3:53am
Quoting PipTrapper
Very true. Buy low / Sell high. Basic concept
Oh you counter-trend trader you... any trend trader would say 'buy high and sell higher'
Kill the ego, or it will kill the mission.
  • #9,263
  • Nov 12, 2011 5:14am Nov 12, 2011 5:14am
Quoting AaronWard
Oh you counter-trend trader you... any trend trader would say 'buy high and sell higher'
Here's a brain twister for you...

If high is lower than higher and low is higher than lower then higher is high and high is low and low is high and lower is low.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,264
  • Nov 12, 2011 5:38am Nov 12, 2011 5:38am
Quoting PipTrapper
Here's a brain twister for you...

If high is lower than higher and low is higher than lower then higher is high and high is low and low is high and lower is low.
PT,

Daily remain Bearish - Because We close below trendlines
But Please pay attention on 4H Chart - Attached - I am watching closely before friday closed - and it retest and Jump Up Several Times - Honestly How do you think on 4H - Overall I dont want fight against Daily Trend - As It still Moves below the Daily Trend I am still will keep hold my short - Unless it break the Daily Trend
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 42 KB
Click to Enlarge Name: EU 4H.png Size: 42 KB
If there was easy money lying around,no one would be forcing it into your
  • #9,265
  • Nov 12, 2011 6:07am Nov 12, 2011 6:07am
Quoting FXMindset
PT,

Daily remain Bearish - Because We close below trendlines
But Please pay attention on 4H Chart - Attached - I am watching closely before friday closed - and it retest and Jump Up Several Times - Honestly How do you think on 4H - Overall I dont want fight against Daily Trend - As It still Moves below the Daily Trend I am still will keep hold my short - Unless it break the Daily Trend
I am keeping my focus on the rising trend line and not the falling one. See the white circle on charts.
It has not managed to penetrate the rising trend line and has also been rejected twice on H4.
Also on H1 you can see the same rejection over multiple candles and it is fading.
For now I am not worried but I will keep my eye on it when the markets open.

.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 24 KB
Click to Enlarge Name: eu-h1.gif Size: 24 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #9,266
  • Nov 12, 2011 6:09am Nov 12, 2011 6:09am
Quoting PipTrapper
I am keeping my focus on the rising trend line and not the falling one. See the white circle on charts.
It has not managed to penetrate the rising trend line and has also been rejected twice on H4.
Also on H1 you can see the same rejection over multiple candles and it is fading.
For now I am not worried but I will keep my eye on it when the markets open.

.
Interesting - Btw do you have any messenger chat - Like to discuss further - If you have Please Kindly PM me your ID


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #9,267
  • Nov 12, 2011 6:16am Nov 12, 2011 6:16am
1.3835 is the unfinished business for EU. Monday US open we will be at this position. From here we decide if it wants to go to 3753 and then to 3580. Just keep an eye to this levels
  • #9,268
  • Nov 12, 2011 6:20am Nov 12, 2011 6:20am
Good morning,
First light shows on this side of the Atlantic.

Thought the link from chodd22
http:www.express.co.uk/posts/view/283060
was of great interest. The articles content one can believe or not, but look at the eyes of Merkel and Sarkozy.
Those are eyes of great strain and shattered dreams.
Those who think the Euro will stand and can be salvaged in its current form, well some supportive evidence for that stance would be welcomed information.

I think the weeklies show a breakout pullback and early resumption of a weak and undeveloped trend.

Dailies because of Fridays close and looked at with a strictly mechanical interpretation, demonstrate a clearly defined Range for the past week.
Strong Bull and Bear Bars with indecisive small bar between.

Hourlies showed selling interest appearing in afternoon of US market. I think watching hourlies on Monday is worth the effort as selling if sustained on this time frame, portends things.

Monday we will know if selling pressure abated because of the bank holiday, or that there was just a lot of selling on Wed. in preparation for the holiday, and books had to be squared with risk coming off before the weekend. I think if selling resumes on Monday and we end the day with a lower close then the case for a developing downtrend is supported technicaly.

The US rift with China is getting bigger as press reports are that China has intensified Gold purchases.

Bernanke is either totally bonkers or he knows something and is in a state of panic. The endless talking down of the USD is disturbing coming from the head of the Fed. and that remains a fact.
Fridays PA may also say there is something very wrong in the US. That Fisher came out last week or prior week with statement that the Fed would not monetize deficit spending, is either a plug for the next assumption as chairman or demonstrates a very deep rift occurring within the Fed itself.

I do try to put aside my personal dislike for Bernanke's philosphical beliefs.

All in all, something very big is brewing. There comes a Tempest.


Tip of the Hat to PT for his very eloquent demonstration that patience pays off. Nice call.


Thats my perception for now.
  • #9,269
  • Nov 12, 2011 6:30am Nov 12, 2011 6:30am
Quoting dsugums
1.3835 is the unfinished business for EU. Monday US open we will be at this position. From here we decide if it wants to go to 3753 and then to 3580. Just keep an eye to this levels
dsugums,

Many times you have posted calls here without backing them up.
I am sorry but I cannot allow you to break the rules of this thread.

Rule # 2 says: If you are going to make a bold statement and represent it as fact, please back it up with authoritative references. This could be a chart for a trade call or technical analysis, or a link to a reputable news source for fundamental analysis.

Thanks
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #9,270
  • Nov 12, 2011 6:31am Nov 12, 2011 6:31am
Quoting dsugums
1.3835 is the unfinished business for EU. Monday US open we will be at this position. From here we decide if it wants to go to 3753 and then to 3580. Just keep an eye to this levels
Hmm, what sort of buisness is it? For me return to 1.383 would mean a V reversal pattern, and would make me doubt if the downtrend really was in play, so if she goes up there... ouch, i'd probably get forced to take my losses.

Yet another image for fun. I don't make money, so at least I will make some fun.

http://a4.sphotos.ak.fbcdn.net/hphot...46324250_n.jpg
  • #9,271
  • Nov 12, 2011 6:34am Nov 12, 2011 6:34am
Quoting FXMindset
Interesting - Btw do you have any messenger chat - Like to discuss further - If you have Please Kindly PM me your ID


Thanks
Maybe the trend line is supposed to be like this?

.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4a.gif Size: 23 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #9,272
  • Nov 12, 2011 6:38am Nov 12, 2011 6:38am
Quoting PipTrapper
dsugums,

Many times you have posted calls here without backing them up.
I am sorry but I cannot allow you to break the rules of this thread.

Rule # 2 says: If you are going to make a bold statement and represent it as fact, please back it up with authoritative references. This could be a chart for a trade call or technical analysis, or a link to a reputable news source for fundamental analysis.

Thanks
PT
As I said, it based on PA alone, not charts or indies. I just post it here as reference. i will stand by my position that 3835 will be the price by 10am est on Monday before we slide back down to 3902/3580. So far, my prediction not proven wrong
  • #9,273
  • Edited 6:57am Nov 12, 2011 6:44am | Edited 6:57am
Quoting PipTrapper
Maybe the trend line is supposed to be like this?

.
I am see that - If 1.3795 hold then it might Valid - but if 1.395 not hold then I think
If there was easy money lying around,no one would be forcing it into your
  • #9,274
  • Nov 12, 2011 6:49am Nov 12, 2011 6:49am
Quoting foto
...Tip of the Hat to PT for his very eloquent demonstration that patience pays off. Nice call...
Thank you Sir. I am honored.
Tip of the hat to you also for your excellent commentaries
Those who say it cannot be done should not interrupt those who are doing it
  • #9,275
  • Nov 12, 2011 6:50am Nov 12, 2011 6:50am
Quoting FXMindset
I am see that - If 1.39 hold then it might Valid - but if 1.39 not hold then I think
I think you mean 1.38
Those who say it cannot be done should not interrupt those who are doing it
  • #9,276
  • Nov 12, 2011 6:52am Nov 12, 2011 6:52am
Quoting dsugums
As I said, it based on PA alone, not charts or indies. I just post it here as reference. i will stand by my position that 3835 will be the price by 10am est on Monday before we slide back down to 3902/3580. So far, my prediction not proven wrong
Are you psychic?
Those who say it cannot be done should not interrupt those who are doing it
  • #9,277
  • Nov 12, 2011 6:56am Nov 12, 2011 6:56am
Quoting PipTrapper
I think you mean 1.38
Yeap - Sorry - Too Tired today - Will add you later
If there was easy money lying around,no one would be forcing it into your
  • #9,278
  • Nov 12, 2011 6:59am Nov 12, 2011 6:59am
Quoting PipTrapper
Are you psychic?
I hope I am a physhic, lol. Its all based on numbers/mathematics. Fibonacci is based on numbers also
  • #9,279
  • Nov 12, 2011 7:01am Nov 12, 2011 7:01am
Who Cares ?

Well I care since I will have the pleasure of meeting the man in person who has written this great article for November 11, 2011.

You can subscribe to his daily email and it is free. I have learned so much over the years reading his analysis.

Here is the PDF file for Friday, November 11, 2011.

http://www.discoveryinvesting.com/up...er_11_2011.pdf


Everyone here enjoy your weekend and keep in mind November 23, 2011 will put more focus on the USA again.
  • #9,280
  • Nov 12, 2011 7:04am Nov 12, 2011 7:04am
Quoting PipTrapper
Here's a brain twister for you...

If high is lower than higher and low is higher than lower then higher is high and high is low and low is high and lower is low.
Not so hard... for a forex addict. About the first question we ask ourselves every morning is "Are the highs lower highs or higher highs?". And that question is yet another way a forex addict is similar to a drug addict.
Kill the ego, or it will kill the mission.
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