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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #12,541
  • Nov 29, 2011 9:52am Nov 29, 2011 9:52am
Quoting lovepips
sorry michaelnew only reading this now. Yes I did go long, I'm at BE+2 :-) I've got to leave the screen for a couple of hours. I'll check back later.....

trade well
LP
nicely done, lovepips. 1.3300. not bad. Mine was at 1.3295(as stated. wonder if jihad441 was in it too. )

Quoting dddd
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.
bounces off....up by +50pips. i like precise moves.
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  • #12,542
  • Nov 29, 2011 9:53am Nov 29, 2011 9:53am
Quoting lovepips
sorry michaelnew only reading this now. Yes I did go long, I'm at BE+2 :-) I've got to leave the screen for a couple of hours. I'll check back later.....

trade well
LP
many green pips to you I'm short now again from 1.3326 (a bit underwater now)
  • #12,543
  • Nov 29, 2011 9:55am Nov 29, 2011 9:55am
hmm so the US data is positive as i come home now... what happened?

almost nothing i think or is it just the way i see things in my weird fundie pov?
Have I got something on my face, SOLDIER?
  • #12,544
  • Nov 29, 2011 9:58am Nov 29, 2011 9:58am
Quoting bumapatria
hmm so the US data is positive as i come home now... what happened?

almost nothing i think or is it just the way i see things in my weird fundie pov?
you think correctly
Those who say it cannot be done should not interrupt those who are doing it
  • #12,545
  • Nov 29, 2011 10:03am Nov 29, 2011 10:03am
what do you people think up or down ???
  • #12,546
  • Nov 29, 2011 10:04am Nov 29, 2011 10:04am
Quoting PipTrapper
It's a trick question because the candle is not fully printed yet. Ask me again when the 8 hours have fully expired and a new candle has started.
..Alright new candle is just formed....
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  • #12,547
  • Nov 29, 2011 10:05am Nov 29, 2011 10:05am
Quoting jihad441
what do you people think up or down ???
i think u should think for urself, everything else is B/s. its good to share, but in the end make ur decision , dont let forum posting aaffect ur trading decisions

anything anyone would say would be b/s to u.

and dont ask such things its not healthy for ur trading life buddy
Have I got something on my face, SOLDIER?
  • #12,548
  • Nov 29, 2011 10:06am Nov 29, 2011 10:06am
Quoting jihad441
what do you people think up or down ???

i am already long at 1.3295 as per our conversation earlier. And as per our conversation, given those red lines...i am staying put here to see how things goes. LOCKED in some pips. + 40pips profit. leaving the rest to ride and B/E. That is all i can tell you here, man.
  • #12,549
  • Nov 29, 2011 10:07am Nov 29, 2011 10:07am
Quoting rekon67
..Alright new candle is just formed....
..Further clue for you guys...lets play for 5-10 mins
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  • #12,550
  • Nov 29, 2011 10:15am Nov 29, 2011 10:15am
Quoting bumapatria
i think u should think for urself, everything else is B/s. its good to share, but in the end make ur decision , dont let forum posting aaffect ur trading decisions

anything anyone would say would be b/s to u.

and dont ask such things its not healthy for ur trading life buddy
i trade what i see on my chart but i asking for some opinions because im stell learning, i already got short
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  • #12,551
  • Nov 29, 2011 10:17am Nov 29, 2011 10:17am
Quoting rekon67
..Alright new candle is just formed....
Okay bearish move but I wouldn't sell at this level at this late in the UK session
Best to wait until Europe closes and then see. Once the US is alone, they may go bullish... then would be a good time to look for shorts, once price has reached 1.34+
Those who say it cannot be done should not interrupt those who are doing it
  • #12,552
  • Nov 29, 2011 10:18am Nov 29, 2011 10:18am
So, now i don't see a lot of movement in the market; but should i take care for the US session when remains by itself ?

The support for the last 2 days was the upward trend line, and the .3217
(my open week price). WPP .3335 where the price is now, i think it's the resistance for this hour.

It's a bullish trend which reached the highest .3441, and broke my monthly fibo level.

I goin long: SL .327 (lowest price of the week)
TP .340

Any thoughts ? Don't yell !! I'm a rookie.
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  • #12,553
  • Nov 29, 2011 10:19am Nov 29, 2011 10:19am
Quoting jihad441
i trade what i see on my chart but i asking for some opinions because im stell learning, i already got short
The most important lesson one can learn in trading is not whether to buy or sell, but whether to trade or not.
Sometimes it is best to sit on your hands and let the market tell you what is going to happen. No need to guess
Those who say it cannot be done should not interrupt those who are doing it
  • #12,554
  • Nov 29, 2011 10:19am Nov 29, 2011 10:19am
Quoting PipTrapper
Okay bearish move but I wouldn't sell at this level at this late in the UK session
Best to wait until Europe closes and then see. Once the US is alone, they may go bullish... then would be a good time to look for shorts, once price has reached 1.34+
Gr8 spirit PT .. Thanks for starting the Game .. I'll be offline for an hour or Two ..just logging off from My Office

My view on the immediate next 8 hr. candle (Current Candle):

1. Candle High - Low. (1.3360 - 1.3280)
2. Candle Trend Bearish - Bull. (Bearish)
3. Possible Entry for Bear / Bull. (Sell @ 1.3345, Buy @ 1.3285) For 20 pips each
  • #12,555
  • Nov 29, 2011 10:20am Nov 29, 2011 10:20am
Quoting PipTrapper
If you go scuba diving and you dive too deep (Deeper than 100ft), the oxygen in your tanks can turn toxic and you may get what is called oxygen narcosis. It can cause you to hallucinate and even believe you can breath water and subsequently take off your breather and try it, although the most common side effect is to lose orientation and not know which way is up.

Well I believe the market has sunk so deep so fast, that it is now suffering from diminished orientation. It means to go up but it's going the wrong way. Good for me as I've placed my...
Perhaps the best explanation I've read so far of what we're witnessing. Well done.
  • #12,556
  • Nov 29, 2011 10:22am Nov 29, 2011 10:22am
Quoting catalicu
So, now i don't see a lot of movement in the market; but should i take care for the US session when remains by itself ?

The support for the last 2 days was the upward trend line, and the .3217
(my open week price). WPP .3335 where the price is now, i think it's the resistance for this hour.

It's a bullish trend which reached the highest .3441, and broke my monthly fibo level.

I goin long: SL .327 (lowest price of the week)
TP .340

Any thoughts ? Don't yell !! I'm a rookie.
Here are my thought... Read my previous post
Those who say it cannot be done should not interrupt those who are doing it
  • #12,557
  • Nov 29, 2011 10:22am Nov 29, 2011 10:22am
Quoting bumapatria
i think u should think for urself, everything else is B/s. its good to share, but in the end make ur decision , dont let forum posting aaffect ur trading decisions

anything anyone would say would be b/s to u.

and dont ask such things its not healthy for ur trading life buddy
mr jihad441,

i will have to say that BUMA is right. to give you a personal one today: everybody was shorting at 1.3440 area and slightly below. my entry points was at 1.3454(see white lines on the chart below).

http://www.forexfactory.com/attachme...2&d=1322563398


As you can see price went all the way to 1.3442 before retracing. When everybody was making pips shorting this...i was thinking, damn! cant the price just head higher a little bit to trigger my shorts! I didnt jump in. I stayed put. I was tempted when lovepips announced his short at 1.3440. But...i stick to discipline. I ignore everything but my own trading plan and discipline.

And guess what? I missed my shorts at 1.3454. But what happened later? i was rewarded with a nice long position at 1.3295....there were people with charts placing shorts and long well before that position...i did exactly what i did earlier: stick to my trading principles. Trade triggered, at +40pips liquidated some position.

In a nutshell: listen to what others have to say, but stick to your plans and principles, and avoid the sweet sirens of the crowd. Best of luck trading. Good hunting.
  • #12,558
  • Nov 29, 2011 10:25am Nov 29, 2011 10:25am
Quoting PipTrapper
The most important lesson one can learn in trading is not whether to buy or sell, but whether to trade or not.
Sometimes it is best to sit on your hands and let the market tell you want is going to happen. No need to guess
that lesson i realy must learn
thanks
  • #12,559
  • Nov 29, 2011 10:25am Nov 29, 2011 10:25am
S&P has unfinished business with an unfilled gap @ 1213 resistance area. I'm on the sideline til this area is met. I locked in 65 pips on a EUR/US short @ .343. Also USDX tested support around 78.5. This is a key support area I don't think will be broken. Bulls can have their way for now but I'm lurking in the shadows

Happy belated Bday PT; wish you many more
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I have multiple personalities... Bull today Bear tomorrow!
  • #12,560
  • Nov 29, 2011 10:25am Nov 29, 2011 10:25am
Quoting PipTrapper
Here are my thought... Read my previous post
Wow ! Your post put a smile on my face. Good thought.
Maybe i'll wait.
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