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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #12,461
  • Nov 29, 2011 6:08am Nov 29, 2011 6:08am
is this sinario correct ??
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  • #12,462
  • Nov 29, 2011 6:08am Nov 29, 2011 6:08am
Quoting dddd
hey, michael, i have one for you if you want: buy one, get one free. If you call 1-800-bernanke in the next 15 minutes, we will throw in a set of free kitchen knives. That is 1-800-bernanke.
  • #12,463
  • Nov 29, 2011 6:08am Nov 29, 2011 6:08am
the 4H and daily charts are still showing down trend.. Not to say abt weekly charts.. But the hourly chart is slowing showing its face upwards.. and 30 mins, 15mins definitely show upwards.. Add to this, bounces... Confused where will it head for today ?

LF
  • #12,464
  • Nov 29, 2011 6:10am Nov 29, 2011 6:10am
Quoting LearninForex
the 4H and daily charts are still showing down trend.. Not to say abt weekly charts.. But the hourly chart is slowing showing its face upwards.. and 30 mins, 15mins definitely show upwards.. Add to this, bounces... Confused where will it head for today ?

LF
I'm going short.
  • #12,465
  • Nov 29, 2011 6:13am Nov 29, 2011 6:13am
Quoting michaelnew
I'm going short.

Michael, you going short but for how many pips ?


LF
  • #12,466
  • Nov 29, 2011 6:13am Nov 29, 2011 6:13am
hmm that consumer confidence might knock USd back on track if forecasts are at least as expected or more.

PT any comments on us session expectatiosn?
Have I got something on my face, SOLDIER?
  • #12,467
  • Nov 29, 2011 6:14am Nov 29, 2011 6:14am
Quoting jihad441
is this sinario correct ??
i will say there is a weak confluence of SUPPORT in that area of 1.3295. but then there is the US news in 3hrs that can shred things.....it is anybody's game. ...even if it bounces, it can be trapped by those red lines...or it could break below and keep going down.
  • #12,468
  • Nov 29, 2011 6:14am Nov 29, 2011 6:14am
2 SHORTS EXECUTED TODAY:
1.3360 went underwater for a time
1.3420 went underwater for a time
Target 1.3313

Fading the Hopium!
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  • #12,469
  • Nov 29, 2011 6:14am Nov 29, 2011 6:14am
Quoting michaelnew
I'm going short.
Protect Yourself from Whip-Saw!!

DOnt risk ur money... Market is pretty much un even and I dont see any set up right now.
  • #12,470
  • Nov 29, 2011 6:15am Nov 29, 2011 6:15am
Quoting LearninForex
Michael, you going short but for how many pips ?


LF
I'm going down to 1.3300.
  • #12,471
  • Nov 29, 2011 6:16am Nov 29, 2011 6:16am
Quoting michaelnew
I'm going short.
careful..... what your RR?
patience is a virtue
  • #12,472
  • Nov 29, 2011 6:16am Nov 29, 2011 6:16am
whoah how oh!

lookie here:

DJ:
ECB Doesnt contribute to public finances

Scaheuble: ECB monetary financing doesnt comply with treaty , its Cb's role.

thats making move down or whatever ECB said.

what did they say?
Have I got something on my face, SOLDIER?
  • #12,473
  • Nov 29, 2011 6:18am Nov 29, 2011 6:18am
in the usd index there is a h&s maybe usd down it means eur up ?

and thanks dddd
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  • #12,474
  • Nov 29, 2011 6:19am Nov 29, 2011 6:19am
Quoting RodMca
Wow decided to short Eur/jpy as soon as I did price fell 10 pips
Didn't realise I had become such a player in the market haha.
I'm seeing a lot of euro weakness across the board could be time to go shorting for some 50 pips or so.
with a E/J short at that level, I would try and hold it. Place SL @ BE It could be a long runner. Target is sub 100
Those who say it cannot be done should not interrupt those who are doing it
  • #12,475
  • Nov 29, 2011 6:23am Nov 29, 2011 6:23am
EDIT:Trix cross already on 15 min and below coral and cloud. However trix has not crossed zero line into Bear zone, but I may have a runner if she does.
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  • #12,476
  • Nov 29, 2011 6:23am Nov 29, 2011 6:23am
Quoting lovepips
careful..... what your RR?
My rationale: we're back where we were before the hopium this morning, so no more big pressure. Less than one hour until NY session, which may continue the downward to compensate from the Asian pump.

What I saw lately is that EUR is strengthening during Asian (probably China is buying), is getting played with hopium during Londoin, and then is getting back down during NY, based on a stronger USD.

So pretty much that's my setup. Already bucked a few pips today, so I'm relaxed.
  • #12,477
  • Nov 29, 2011 6:25am Nov 29, 2011 6:25am
Quoting bumapatria
hmm that consumer confidence might knock USd back on track if forecasts are at least as expected or more.

PT any comments on us session expectatiosn?
Right now US indices are in positive territory and the SP500 has cracked the 1200 psych line to the upside. It is currently coming back to test it as support. If support holds and the market is not discouraged by the American Airlines bankruptcy, we may have a moderate risk-on day. I say moderate because the SP500 range is 1150 to 1250 which puts current price in the midrange. Usually in the midrange, the market runs out of directional strength and it could go either way depending on sentiment.
Those who say it cannot be done should not interrupt those who are doing it
  • #12,478
  • Nov 29, 2011 6:28am Nov 29, 2011 6:28am
S&P 500 testing 1200 level if we break and hold it truly is risk on.. For how long is the question? Median end of year estimates lie at 1269 thats 5.75% gain from here on in. Some mad analyst on Bloomberg called for 1420 on the SP 500 before year end!
But the important thing to look at is the correlation between eur and sp500. If we see that 5.75% gain in sp it leaves us looking at 1.41 in eur/usd.. I personally cant see that happening but interpretation can always be wrong as well as estimates but firms will want to make whatever they can before year end so they only way they can is to buy risky assets. Just some fod for thought for the bigger picture!
  • #12,479
  • Nov 29, 2011 6:29am Nov 29, 2011 6:29am
Quoting bumapatria
whoah how oh!

lookie here:

DJ:
ECB Doesnt contribute to public finances

Scaheuble: ECB monetary financing doesnt comply with treaty , its Cb's role.

thats making move down or whatever ECB said.

what did they say?
Where did you read that? Can you provide a link. The way you wrote it makes no sense. Maybe from the link I can figure out the context.
Those who say it cannot be done should not interrupt those who are doing it
  • #12,480
  • Nov 29, 2011 6:31am Nov 29, 2011 6:31am
Quoting michaelnew
My rationale: we're back where we were before the hopium this morning, so no more big pressure. Less than one hour until NY session, which may continue the downward to compensate from the Asian pump.

What I saw lately is that EUR is strengthening during Asian (probably China is buying), is getting played with hopium during Londoin, and then is getting back down during NY, based on a stronger USD.

So pretty much that's my setup. Already bucked a few pips today, so I'm relaxed.
well done on the pips :-) ...

I was asking what is your typical risk/reward? Is it 1:1, 2:1, 3:1 etc

e.g. you have a 10pip stop loss with an expected return of 10, 20 or 30pips
patience is a virtue
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