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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #9,421
  • Nov 13, 2011 11:58pm Nov 13, 2011 11:58pm
Daily & 4H
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If there was easy money lying around,no one would be forcing it into your
  • #9,422
  • Nov 14, 2011 12:56am Nov 14, 2011 12:56am
Quoting Pbh
...
I think that we could see a bullish london session... and after that, it's pure shorting (London close)...
...
Good morning,

Y, I think the same. The only possible way to retest higher levels today is during London and ECB should and will try.

I am currently biased 20/80 to the darkside anyway.

I would do the same like you if I werent underwater. Wait for short and watch London.

T.
"I know one thing, that I know nothing." Sokrates
  • #9,423
  • Nov 14, 2011 1:25am Nov 14, 2011 1:25am
They have not reported on their sterilization operations yet but they were supposed to do it on 9th November
9th November was last Wednesday... the same day the Euro fell out of bed.

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #9,424
  • Nov 14, 2011 1:37am Nov 14, 2011 1:37am
I am looking forward to the London open. If it spikes up on the open, will it be a good opportunity for shorting ?

It still bugs me, that we are above my 4H trendline and below daily trendline.
  • #9,425
  • Nov 14, 2011 1:50am Nov 14, 2011 1:50am
Quoting Blobik
I am looking forward to the London open. If it spikes up on the open, will it be a good opportunity for shorting ?

It still bugs me, that we are above my 4H trendline and below daily trendline.
Just watch price action when/if it hits the supply zone at 1.38xx area

Market is expected to rally on open but I wouldn't bet the house on it until I see it.

Things are not resolved by far and if we do get a rally today I expect it to fade fast.

Today is a non-news day so it will be trading strictly on Hopium/Fear from headlines.

Watch very closely the results of today's Italian bond auction.

ADD: Sorry I forgot about Europe's Industrial Production m/m at 10am GMT expecting -2.1% vs +1.6% last month. The expectation is quite low so it may be as expected.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,426
  • Nov 14, 2011 1:54am Nov 14, 2011 1:54am
Quoting PipTrapper
Just watch price action when/if it hits the supply zone at 1.38xx area

Market is expected to rally on open but I wouldn't bet the house on it until I see it.

Things are not resolved by far and if we do get a rally today I expect it to fade fast.

Today is a non-news day so it will be trading strictly on Hopium/Fear from headlines.

Watch very closely the results of today's Italian bond auction.
Just as you posted it, EUR took another small dive. I think 1.38xx area might not get retested... I screwed closing my shorts to early... I start to think where might be a good entry point if 1.38 was not to get retested.
  • #9,427
  • Nov 14, 2011 1:55am Nov 14, 2011 1:55am
Quoting Blobik
Just as you posted it, EUR took another small dive. I think 1.38xx area might not get retested... I screwed closing my shorts to early... I start to think where might be a good entry point if 1.38 was not to get retested.
Don't rush it. London is not opened yet. This is normal.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,428
  • Nov 14, 2011 1:57am Nov 14, 2011 1:57am
Quoting PipTrapper
Don't rush it. London is not opened yet. This is normal.
Of course. I don't plan to make any entries before the open shows what traders in London think.

ADD: to resist temptation I will leave for 15 mins. Will see where will she get
  • #9,429
  • Nov 14, 2011 2:27am Nov 14, 2011 2:27am
Quoting w1nner
Someone posted this URL on this forum on this page but I don't find it now. Is it a real risk?

http://www.reuters.com/article/2011/...7AD01D20111114

"Traders warned the market's continued positive reaction hinges on how Italy's planned sale of 3 billion euros of five-year bonds on Monday is received by the market."
Winner, You must be very happy this morning
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  • #9,430
  • Nov 14, 2011 2:32am Nov 14, 2011 2:32am
PT why dont you allow us to send you PM? I wanted to write you something i cannot post on the wall.

T.
"I know one thing, that I know nothing." Sokrates
  • #9,431
  • Nov 14, 2011 2:33am Nov 14, 2011 2:33am
I don't see the rally to give me a short opportunity Maybe there will be no such rally. And ofc If I waited patiently I would be in profit now. Is there any special award for being #1 dumb coward?

ADD: Hmm, maybe I will just set a sell limit at 1.38...?
  • #9,432
  • Nov 14, 2011 2:34am Nov 14, 2011 2:34am
Today, selling a small amount, Friday strongly closed. These levels I noted on the slide.

I have added a tick chart, so that you can see how when approaching level - throw the tick volume. On account of how long the sale will go'm not sure we have a few obstacles.
But I do not much care.
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  • #9,433
  • Nov 14, 2011 2:34am Nov 14, 2011 2:34am
Quoting Blobik
Is there any special award for being #1 dumb coward?
Experience
"Don't Panic..."
  • #9,434
  • Nov 14, 2011 2:35am Nov 14, 2011 2:35am
Quoting Blobik
...Is there any special award for being #1 dumb coward?
Yes. Profit at the end of the year.
"I know one thing, that I know nothing." Sokrates
  • #9,435
  • Nov 14, 2011 2:37am Nov 14, 2011 2:37am
Quoting Tom_D_Trader
PT why dont you allow us to send you PM? I wanted to write you something i cannot post on the wall.

T.
Go ahead Tom. I just added you to my buddy list.
Those who say it cannot be done should not interrupt those who are doing it
  • #9,436
  • Nov 14, 2011 2:37am Nov 14, 2011 2:37am
Quoting PipTrapper
Winner, You must be very happy this morning
Thanks PipTrapper, I automatically exited from my trade at tp with 5 pip profit at 1.6005, maybe I should wait for more pips but I am happy with it. I am waiting for the next setup which is sure for me.
  • #9,437
  • Nov 14, 2011 2:39am Nov 14, 2011 2:39am
Quoting Tom_D_Trader
Yes. Profit at the end of the year.
You mean EUR will drop in straight line to 1.1 soon (and will be holding a short then ).
  • #9,438
  • Nov 14, 2011 2:39am Nov 14, 2011 2:39am
Quoting w1nner
Thanks PipTrapper, I automatically exited from my trade at tp with 5 pip profit at 1.6005, maybe I should wait for more pips but I am happy with it. I am waiting for the next setup which is sure for me.
Excellent. I am glad you did not take the loss
Those who say it cannot be done should not interrupt those who are doing it
  • #9,439
  • Nov 14, 2011 2:40am Nov 14, 2011 2:40am
Blobik,
One thing traders need to be on guard against is getting caught up in the moment.
Your posts sound as if you are watching short term charts where every tick appears to be a meaningful move.
Try watching hourlies or longer. Take off your screen anything under that
You will still see good entry and exit levels but it will help change the perspective.

Short term volatility without a solid move on, is just random noise.

Good luck
  • #9,440
  • Nov 14, 2011 2:42am Nov 14, 2011 2:42am
Quoting foto
Blobik,
One thing traders need to be on guard against is getting caught up in the moment.
Your posts sound as if you are watching short term charts where every tick appears to be a meaningful move.
Try watching hourlies or longer. Take off your screen anything under that
You will still see good entry and exit levels but it will help change the perspective.

Short term volatility without a solid move on, is just random noise.

Good luck
Either that, or earn to play price action on the 5 min charts. The book by Al Brooks on this is outstanding.
Kill the ego, or it will kill the mission.
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