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EurAnalysis Kindergarten 24 replies

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  • #13,721
  • Dec 7, 2011 8:30am Dec 7, 2011 8:30am
Maybe Draghi already revealed his role of a GS troop. Edit: Ah German spokesman. Nwm then.

But what about that rumours of lowering collateral demands, someone heard about it?

T
"I know one thing, that I know nothing." Sokrates
  • #13,722
  • Dec 7, 2011 8:32am Dec 7, 2011 8:32am
Quoting AaronWard
I call it a news spike. You can't read PA from a single candle but overall it is more bearish than anything. Also , the top is a place where there is a lot of supply, and price has a tendency to, sooner or later, seek supply.
Quoting PipKiller
Fed's Raskin was flapping his gums.
Thank you AW and PK ... in short this PA indicates in Bull vs Bear ..Bear wins and the next candle will be taken by the Bear.

..I see a little flip of existing trend here..anybody for long?
  • #13,723
  • Dec 7, 2011 8:35am Dec 7, 2011 8:35am
Quoting rekon67
Thank you AW and PK ... in short this PA indicates in Bull vs Bear ..Bear wins and the next candle will be taken by the Bear.

..I see a little flip of existing trend here..anybody for long?
..may be wrong time..
  • #13,724
  • Dec 7, 2011 8:35am Dec 7, 2011 8:35am
Quoting rekon67
Thank you AW and PK ... in short this PA indicates in Bull vs Bear ..Bear wins and the next candle will be taken by the Bear.

..I see a little flip of existing trend here..anybody for long?
Look at the daily S1 pivot. It does not want to push past it yet.
  • #13,725
  • Dec 7, 2011 8:40am Dec 7, 2011 8:40am
Quoting Tyoon
Look at the daily S1 pivot. It does not want to push past it yet.
1.335x ..is holding this beautifully ....
  • #13,726
  • Dec 7, 2011 8:46am Dec 7, 2011 8:46am
no wonder..USDX is touching the roof..if it come down then EUR again could find 1.341x support..
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  • #13,727
  • Dec 7, 2011 8:49am Dec 7, 2011 8:49am
Quoting rekon67
Thank you AW and PK ... in short this PA indicates in Bull vs Bear ..Bear wins and the next candle will be taken by the Bear.

..I see a little flip of existing trend here..anybody for long?
Only for a short term scalp. I closed all my "risk on" positions I was trading off daily charts last night.

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I don't care which way the market is going as long as it's going my way
  • #13,728
  • Dec 7, 2011 8:54am Dec 7, 2011 8:54am
Quoting Tyoon
Look at the daily S1 pivot. It does not want to push past it yet.
Price is also close to the bottom of the short term bull channel on the daily. IMHO This pair really has no trend, it's rangebound and consolidating.

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I don't care which way the market is going as long as it's going my way
  • #13,729
  • Dec 7, 2011 9:08am Dec 7, 2011 9:08am
Quoting PipKiller
Price is also close to the bottom of the short term bull channel on the daily. IMHO This pair really has no trend, it's rangebound and consolidating.
In all other forex related tutorials EURUSD refers as a trending pair, favorite pair for traders ..etc..I think it is time to change the overall outlook
  • #13,730
  • Dec 7, 2011 9:10am Dec 7, 2011 9:10am
Quoting PipKiller
Price is also close to the bottom of the short term bull channel on the daily. IMHO This pair really has no trend, it's rangebound and consolidating.

Attachment
I view it as still being in a trend but because of all the ambiguity and hysteria with the debt crisis price is forming a flag pattern.... IMO.
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  • #13,731
  • Dec 7, 2011 9:14am Dec 7, 2011 9:14am
Quoting Tyoon
I view it as still being in a trend but because of all the ambiguity and hysteria with the debt crisis price is forming a flag pattern.... IMO.
There is no question that the overall trend for the last 8 months is down.

The question of trend and trend direction can only be dealt with if you also give the TF.
Kill the ego, or it will kill the mission.
  • #13,732
  • Dec 7, 2011 9:14am Dec 7, 2011 9:14am
Quoting rekon67
In all other forex related tutorials EURUSD refers as a trending pair, favorite pair for traders ..etc..I think it is time to change the overall outlook
Look at a weekly chart. this pair has been consolidating in a wide range for a few years


Closed my scalp long +15 Hit resistance and the upper bollenger band and reversed
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I don't care which way the market is going as long as it's going my way
  • #13,733
  • Dec 7, 2011 9:22am Dec 7, 2011 9:22am
+15 long on eu scalp closed
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Have I got something on my face, SOLDIER?
  • #13,734
  • Dec 7, 2011 9:25am Dec 7, 2011 9:25am
My cleared chart shows me that is forming a triangle H4 or daily.
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  • #13,735
  • Dec 7, 2011 9:26am Dec 7, 2011 9:26am
Quoting bumapatria
+15 long on eu scalp closed
Is that a big star ? What is that ?
  • #13,736
  • Edited 9:51am Dec 7, 2011 9:29am | Edited 9:51am
Quoting PipKiller
Look at a weekly chart. this pair has been consolidating in a wide range for a few years
You can see this even clearer on the monthly chart. However with these big TFs it is helpful to look at some of the fundamentals behind these movements. This "consolidation pattern" is 3000+ pips, takes about 9 months to complete any one leg and doesn't spend too much time in the middle.

The interesting fact is that pretty much any trade you took in the last 4 years would be profitable if you waited for price to return. But some of these trades would have required waiting a year or more and over 2000 pips of drawdown.
Kill the ego, or it will kill the mission.
  • #13,737
  • Dec 7, 2011 9:31am Dec 7, 2011 9:31am
Quoting AaronWard
There is no question that the overall trend for the last 8 months is down.

The question of trend and trend direction can only be dealt with if you also give the TF.
Right now, I see bearish all above 15M.

It was due for a bullish move a few weeks ago technically due to divergence, falling wedge and overall LTL. Now it's just retracing up from the overall bear.

The next couple of days of fundies will tell us.
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  • #13,738
  • Dec 7, 2011 9:35am Dec 7, 2011 9:35am
Quoting Tyoon
Right now, I see bearish all above 15M.

It was due for a bullish move a few weeks ago technically due to divergence, falling wedge and overall LTL. Now it's just retracing up from the overall bear.

The next couple of days of fundies will tell us.

Very nice
  • #13,739
  • Dec 7, 2011 9:46am Dec 7, 2011 9:46am
Quoting catalicu
Is that a big star ? What is that ?

its unfinished but its a square of nine

reall cool when u use it with demand and supply and other stuff u got going

and yes it looks like a 'star' but it has specific 'magnet's to the angles. liek 1x1 angles the ones that are criss cross from bottom left to top and vice versa are the magnets of the market.

has reason to move there most of the time...
Have I got something on my face, SOLDIER?
  • #13,740
  • Dec 7, 2011 9:54am Dec 7, 2011 9:54am
wow breathing a sigh of relief, when this pair rallied up this early morning I closed out my trade for a 0.3 pip gain lmao :=)

back long again though, slightly in the green so far, hope to see this thing crack 1.3500 today. Thoughts?
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