EurAnalysis | Page 638 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #12,741
  • Nov 30, 2011 7:31am Nov 30, 2011 7:31am
Quoting BullsVsBears
I'm guilty... That's pretty cool by the way
It's a great setup for a tick chart sniper. You'ld never have to leave your seat and miss a pip.
I don't care which way the market is going as long as it's going my way
  • #12,742
  • Nov 30, 2011 7:38am Nov 30, 2011 7:38am
Quoting Tom_D_Trader
.....so I really dont expect short term upside movement up and I am not placing bunch of shorts at 361.

GL,

Tom
Hi Tom,
I too am overall bearish on the euro, however given todays action, there appears to be very positive feedback coming from many of the major news media (CNBC,SKY, BBC etc.).

Analysts are painting a very rosy picture referring to Germanys excellent export results, the reduction in unemployment numbers, the increase in business confidence and now this concerted action taken by the FED, ECB and CBs'.

Some commentators are even saying that Italy's bond yields look like a good investment....

once the 'feel good factor' lasts, I wouldn't be surprised if it broke through 1.36
patience is a virtue
  • #12,743
  • Nov 30, 2011 7:41am Nov 30, 2011 7:41am
Quoting PipKiller
It's a great setup for a tick chart sniper. You'ld never have to leave your seat and miss a pip.
I'm going to Home Depot this weekend. I've already got one setup in my bed... Im still in my jammies
I have multiple personalities... Bull today Bear tomorrow!
  • #12,744
  • Nov 30, 2011 7:45am Nov 30, 2011 7:45am
So, Does anyone else think looking at the crazy number of extremely weak green candles that this is about to tank downwards?

I'm short small target: Sold short on the little pullback to: 1.3475 -- Target is: 1.3445

I dont feel confident enough in any day or any circumstance yet to go for a big huge target -- keeping things really tight at the mo :] babysteps!
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,745
  • Nov 30, 2011 7:54am Nov 30, 2011 7:54am
Quoting WickedPips
So, Does anyone else think looking at the crazy number of extremely weak green candles that this is about to tank downwards?

I'm short small target: Sold short on the little pullback to: 1.3475 -- Target is: 1.3445

I dont feel confident enough in any day or any circumstance yet to go for a big huge target -- keeping things really tight at the mo :] babysteps!
You are doing good ... but see we are going to jump on this bed...
Attached Image (click to enlarge)
Click to Enlarge Name: EU8.GIF Size: 13 KB
  • #12,746
  • Nov 30, 2011 7:58am Nov 30, 2011 7:58am
Quoting WickedPips
So, Does anyone else think looking at the crazy number of extremely weak green candles that this is about to tank downwards?

I'm short small target: Sold short on the little pullback to: 1.3475 -- Target is: 1.3445

I dont feel confident enough in any day or any circumstance yet to go for a big huge target -- keeping things really tight at the mo :] babysteps!
USDX price is at strong support. I strongly doubt it will break support. Therefore, I think price will be headed downwards. I'm 49 pips green on a short too.. Good luck!
I have multiple personalities... Bull today Bear tomorrow!
  • #12,747
  • Nov 30, 2011 7:58am Nov 30, 2011 7:58am
Quoting rekon67
You are doing good ... but see we are going to jump on this bed...
aha now i see it..Good thinking.. So no chance it will burst that barrier?

I've locked locked 20pips with a 100pt trailing stop

- is this now the point to move my target down or better to just take the money and run - >? if i close now i'll be up 26 - seems worth keeping the 6 if theres little chance of it blowing down lower
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,748
  • Nov 30, 2011 8:01am Nov 30, 2011 8:01am
Quoting WickedPips
aha now i see it..Good thinking.. So no chance it will burst that barrier?

I've locked locked 20pips with a 100pt trailing stop

- is this now the point to move my target down or better to just take the money and run - >? if i close now i'll be up 26 - seems worth keeping the 6 if theres little chance of it blowing down lower

I think u take the profit and close it...because when we jump on a bed what happens then?
  • #12,749
  • Nov 30, 2011 8:01am Nov 30, 2011 8:01am
too late, someone else decided for me, stopped out @ +20

Happy with that :] Damn though really wanted to hit my target
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,750
  • Nov 30, 2011 8:03am Nov 30, 2011 8:03am
Quoting BullsVsBears
I'm going to Home Depot this weekend. I've already got one setup in my bed... Im still in my jammies
I thought I was doing good with only a 20' walk to my office.
I don't care which way the market is going as long as it's going my way
  • #12,751
  • Nov 30, 2011 8:04am Nov 30, 2011 8:04am
Quoting rekon67
I think u take the profit and close it...because when we jump on a bed what happens then?
Eventually the bedsprings break, you fall all the way through the floor to basement.
  • #12,752
  • Nov 30, 2011 8:05am Nov 30, 2011 8:05am
Quoting WickedPips
too late, someone else decided for me, stopped out @ +20

Happy with that :] Damn though really wanted to hit my target
You have to take what she gives you.
I don't care which way the market is going as long as it's going my way
  • #12,753
  • Nov 30, 2011 8:06am Nov 30, 2011 8:06am
Quoting Gofer Pips
Eventually the bedsprings break, you fall all the way through the floor to basement.
haha - i was just about to say, my bed is nackered from too much action -- so i know exactly what happens when you 'jump' on a bed too much hahah

Speaking of home depot
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,754
  • Nov 30, 2011 8:07am Nov 30, 2011 8:07am
Hello everyone.

The Euro is alive and well. Technically, The wedge has now been broken. The Trix is just now starting its move higher. The RSI has broken its down trendline and moving higher. My first goal of reaching 1.3700 is clearly within reach. All of this without any substantial fundamental change actually happening. When the technicals show contained pressure one way or the other, any trigger will suffice to moving price action.
Attached Image (click to enlarge)
Click to Enlarge Name: eur-usd h4.jpg Size: 114 KB
Observation is the path to discovery.
  • #12,755
  • Nov 30, 2011 8:08am Nov 30, 2011 8:08am
Quoting Gofer Pips
Eventually the bedsprings break, you fall all the way through the floor to basement.
in both of the cases jumping on the spring bed is not good for the traders with little money
  • #12,756
  • Nov 30, 2011 8:11am Nov 30, 2011 8:11am
Quoting rekon67
in both of the cases jumping on the spring bed is not good for the traders with little money
You were right, up it goes - and FAST too!!
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #12,757
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
Quoting rekon67
in both of the cases jumping on the spring bed is not good for the traders with little money
I disagree... It's about money management. If a trader has little money they should lower their lot orders. I use to love bouncing on the bed when I was a kid. Either I punctured the ceiling or like Gof said break the springs
I have multiple personalities... Bull today Bear tomorrow!
  • #12,758
  • Nov 30, 2011 8:17am Nov 30, 2011 8:17am
This move on nothing actually happening makes you think: What will happen when something real is announced? I expect this will be the case soon. Even though I still expect the Euro to collapse later on this month or next, for now, the short covering rally still has some legs. Maybe even to 1.40.
Observation is the path to discovery.
  • #12,759
  • Nov 30, 2011 8:19am Nov 30, 2011 8:19am
It seems the concerted effort of the big CB's was in the response to a near failure last night of a Euro bank. Euro is still dying but this could slow it a little
  • #12,760
  • Nov 30, 2011 8:20am Nov 30, 2011 8:20am
Quoting BullsVsBears
I disagree... It's about money management. If a trader has little money they should lower their lot orders. I use to love bouncing on the bed when I was a kid. Either I punctured the ceiling or like Gof said break the springs
I'm trading conservatively enough with my lot sizes etc :o) i just find it hard to take a longer term trade, perhaps that will come with experience -- hope so
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
14 traders viewing now