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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #9,721
  • Nov 15, 2011 10:49am Nov 15, 2011 10:49am
Prepare for something people surprise one about EU
If there was easy money lying around,no one would be forcing it into your
  • #9,722
  • Nov 15, 2011 10:51am Nov 15, 2011 10:51am
Quoting FXMindset
Prepare for something people surprise one about EU
really? how do you know?
  • #9,723
  • Nov 15, 2011 10:53am Nov 15, 2011 10:53am
Quoting Blobik
Thanks for pointing that out, lumesh. On the other hand... Is there a strategy that allows one not to get exposed to sth in forex... perhaps not. So this strategy is good as long as one is certain that global economy will do good enough for next few weeks. Or, when high impact Chinese and US data are to be released long, long time in the future
Absolutely.

I knew when i responded that i will be leaving many criteriums on the table. One of the most important one would be the time horizon. If short term you feel the fundies would be trending up then you would be right to do so. However, if again the EU debt crisis would suddenly take a heavy downturn with the implications of a credit crunch then equities are gonna feel it no matter what the econ data looks like.

take care.
  • #9,724
  • Nov 15, 2011 10:56am Nov 15, 2011 10:56am
Quoting Yuchen
really? how do you know?
Do you know what kind of surprise is it ?
If there was easy money lying around,no one would be forcing it into your
  • #9,725
  • Nov 15, 2011 10:57am Nov 15, 2011 10:57am
Had 6 trades today, 5 shorts and one long. The long failed, the shorts all won. Overall, 98 pips on the bag. Still letting one short to float form 1.3602, with a stop to 1.3480 (should be hit soon).

I don't know if you can see the cart, but I'm seeing a bullish gartley. But I may be wrong, that's why I decided to stop it for today.
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  • #9,726
  • Nov 15, 2011 11:06am Nov 15, 2011 11:06am
Quoting FXMindset
Do you know what kind of surprise is it ?
If we knew, it would not be a surprise
Those who say it cannot be done should not interrupt those who are doing it
  • #9,727
  • Nov 15, 2011 11:07am Nov 15, 2011 11:07am
Dollar Indx at supply zone, approaching overbought RSI, and overbought on Bollinger Bands.. Euro correction is apparent
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I have multiple personalities... Bull today Bear tomorrow!
  • #9,728
  • Nov 15, 2011 11:11am Nov 15, 2011 11:11am
Quoting BullsVsBears
Dollar Indx at supply zone, approaching overbought RSI, and overbought on Bollinger Bands.. Euro correction is apparent
That's more or less what I was implying in my previous post

Those who say it cannot be done should not interrupt those who are doing it
  • #9,729
  • Edited 11:28am Nov 15, 2011 11:14am | Edited 11:28am
Here was electrical power maintenance all day, then the internet didn't come back.. I missed this downmove. Is it still bearish? Did you expect pullback, if yes, where is the resistance zone now?
  • #9,730
  • Nov 15, 2011 11:17am Nov 15, 2011 11:17am
Quoting FXMindset
Do you know what kind of surprise is it ?
Probably a face ripping short squeeze rally.
I don't care which way the market is going as long as it's going my way
  • #9,731
  • Nov 15, 2011 11:17am Nov 15, 2011 11:17am
Andrew's pitchfork on 5 min...

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  • #9,732
  • Nov 15, 2011 11:20am Nov 15, 2011 11:20am
thread from yasterday....
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The market was bullish, turned bearish, and you'are brokish!!!
  • #9,733
  • Nov 15, 2011 11:25am Nov 15, 2011 11:25am
Am with you PT
Right after I took some off, like right after, down it goes.

But will see this afternoon if it was just some large institution or it is the market. Stay tuned.
  • #9,734
  • Nov 15, 2011 11:26am Nov 15, 2011 11:26am
Short term long on 15 min... MACD divergence
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I have multiple personalities... Bull today Bear tomorrow!
  • #9,735
  • Nov 15, 2011 11:27am Nov 15, 2011 11:27am
Quoting w1nner
Here was electiral power maintenance all day, then the internet didn't come back.. I missed this downmove. Is it still bearish? Did you expect pullback, if yes, where is the resistance zone now?
I expect a pullback from here but I also feel the market is pretty well cooked for today so I don't expect too much now other than some ranging and possibly forming a temporary bottom to start a correction.

I see resistance levels at 1.3550/70, 1.3600/10, 1.3640/45, 1.3670/80 and 1.3700/10 areas give or take a few pips.

I would not expect price to break any higher than 1.3610 at this point though unless some good news comes out.

M15 chart attached

.
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Those who say it cannot be done should not interrupt those who are doing it
  • #9,736
  • Edited Nov 16, 2011 1:46am Nov 15, 2011 11:29am | Edited Nov 16, 2011 1:46am
Quoting BullsVsBears
Dollar Indx at supply zone, approaching overbought RSI, and overbought on Bollinger Bands.. Euro correction is apparent
Giving a pure order flow perpective.
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  • #9,737
  • Nov 15, 2011 11:34am Nov 15, 2011 11:34am
Quoting lumesh
Giving a pure order flow perpective.
Love it
Those who say it cannot be done should not interrupt those who are doing it
  • #9,738
  • Nov 15, 2011 11:35am Nov 15, 2011 11:35am
I dont konw whether I've got the bottle yet to keep hanging on these shorts. Sat on a cumulitive 400pips floating profit between cable and euro at the moment.

I've tightened my stops a couple of times this afternoon from 3705 down to 3580.
  • #9,739
  • Nov 15, 2011 11:36am Nov 15, 2011 11:36am
Quoting PipTrapper
If we knew, it would not be a surprise
Surpriseeee ~
If there was easy money lying around,no one would be forcing it into your
  • #9,740
  • Nov 15, 2011 11:39am Nov 15, 2011 11:39am
Quoting PipTrapper
Love it

That consolidation top would have been a classical short play hadn't there been an upbeat U.S. econ data. Right now it's a bit more difficult because sentiment in equities are very positive AT THIS MOMENT
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