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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #14,701
  • Dec 13, 2011 7:46am Dec 13, 2011 7:46am
I saw talk of a large DNT (double no touch) option 1.31 / 1.36 last night on Forexlive IIRC. Looks like the market wants to attack the 1.31 barrier. This could be fun.
I don't care which way the market is going as long as it's going my way
  • #14,702
  • Dec 13, 2011 7:47am Dec 13, 2011 7:47am
Quoting Tyoon
Anyone becoming rich from this?
One pip at a time.

I don't care which way the market is going as long as it's going my way
  • #14,703
  • Dec 13, 2011 7:49am Dec 13, 2011 7:49am
Ok, I have next stop at ,2905, if I exclude 1,3 psych. I will make another TP if we get there.

T
"I know one thing, that I know nothing." Sokrates
  • #14,704
  • Dec 13, 2011 7:49am Dec 13, 2011 7:49am
Quoting FXMindset
Yes
Looks like you got your confirmation
I don't care which way the market is going as long as it's going my way
  • #14,705
  • Dec 13, 2011 7:50am Dec 13, 2011 7:50am
ahhhh.... 4% right now

dow beauty shorts

never seen such a vertical drop before on dow
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Have I got something on my face, SOLDIER?
  • #14,706
  • Dec 13, 2011 7:51am Dec 13, 2011 7:51am
Quoting Tyoon
Anyone becoming rich from this?
Merry Christmas Bro
If there was easy money lying around,no one would be forcing it into your
  • #14,707
  • Dec 13, 2011 7:51am Dec 13, 2011 7:51am
Quoting Tom_D_Trader
Ok, I have next stop at ,2905, if I exclude 1,3 psych. I will make another TP if we get there.

T
1.3030 is the daily 50% fib extention. Might want to keep an eye on that too. I see a low put in at exactly 1.3100

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I don't care which way the market is going as long as it's going my way
  • #14,708
  • Dec 13, 2011 7:52am Dec 13, 2011 7:52am
Quoting PipKiller
Looks like you got your confirmation
ah ~ Lucky only bro
If there was easy money lying around,no one would be forcing it into your
  • #14,709
  • Dec 13, 2011 7:54am Dec 13, 2011 7:54am
Fitch lowers outlook on Bulgaria, Czech, Latvia and Lithuania from Positive to stable

(sorry Tom)

From Forexlive
I don't care which way the market is going as long as it's going my way
  • #14,710
  • Dec 13, 2011 7:56am Dec 13, 2011 7:56am
Quoting Tom_D_Trader
Yea, but they dont want only strong USD, but more importantly, strong EUR. Isnt Europe their main market? I believe it is. This bearish trend is hurting China a lot and their economy is already slowing down.

And I aint talking about US markets, but I thought you yourself said Asian markets are tanking as well. Anyway, Equity markets are heavily correlated, so boost of Asia in fact means boost of equities all around the world.

T
Yeah, but I also said that the Chinese don't really care about their equity markets.
Kill the ego, or it will kill the mission.
  • #14,711
  • Dec 13, 2011 7:57am Dec 13, 2011 7:57am
I see Tom. Let's just say I use a significant percentage of my account to trade which is probably why I have the mentality of get in and get out preferably in under 24 hours but hopefully less than 48 hrs which might more give the ideal move. .... Looking for this thing to break below 1.31 today, maybe run down into 1.3050ish area by afternoon hours when everything starts calming down?

Quoting Tom_D_Trader
Well, thats kinda long story. My system is very complex. System told me to enter and tells me to hold it. So to put it short, I focus on fundamentals, cycles and market psychology. Fundamentals are heavy down, so I enter short positions and only on corrections and entry points are created by S/R. So right now I am waiting for almost three weeks for another correction and still nothing. Btw, these 510 pips were 1,8% of my equity, I am very carefull and am aiming to 25% per year.

T
  • #14,712
  • Dec 13, 2011 8:02am Dec 13, 2011 8:02am
Quoting PipKiller
Fitch lowers outlook on Bulgaria, Czech, Latvia and Lithuania from Positive to stable

(sorry Tom)

From Forexlive
Ah, FO Fitch. Well, thats the reason why I am always spilling hate towards these guys. Hell I am glad they are shorting Eur with me, but they have absolutely no clue about market conditions. They never had. Our banks are recapitalized. There are no liquidity issues in Czech. And although our currency is weakening right now, it helps us in fact, since we are proexporting economy. But anyway, like 40% of our export goes to Germany, so they are partially right. Our economy will slow down for sure, we just slide down together with Eurozone. But hell, they are incompetent anyway.

T
"I know one thing, that I know nothing." Sokrates
  • #14,713
  • Dec 13, 2011 8:04am Dec 13, 2011 8:04am
Quoting AaronWard
Yeah, but I also said that the Chinese don't really care about their equity markets.
Man they do care about their economy. 30th Nov. They coordinated action with FED. I dont believe for a single second that lowering of RRR by POBC and swap rates by all other CBs was a coincidence.

T
"I know one thing, that I know nothing." Sokrates
  • #14,714
  • Dec 13, 2011 8:08am Dec 13, 2011 8:08am
Quoting nyfx718
.... Looking for this thing to break below 1.31 today, maybe run down into 1.3050ish area by afternoon hours when everything starts calming down?
I see breaking of 3145 as incredibly important and think we are tanking heavy down untill FOMC statement. My next target is ,2905. I dunno if we reach it now as we may be struggling around some fibo level or something simmilar, when Bernie comes out and spikes market up. Or when PBOC intervenes.

T
"I know one thing, that I know nothing." Sokrates
  • #14,715
  • Dec 13, 2011 8:11am Dec 13, 2011 8:11am
Quoting Tom_D_Trader
I dare to disagree. They are on edge. Thats why PBOC joined FED. Below 3145 lurks oblivion.

T
Take a look at equity market. 14 months ago the Euro was at 1.18, and back then things were better than they are now.
Kill the ego, or it will kill the mission.
  • #14,716
  • Dec 13, 2011 8:12am Dec 13, 2011 8:12am
Quoting lovepips
thanks Swede - I look forward to the pics :-)
after that cliff fall no need for any pics - good call Swede
patience is a virtue
  • #14,717
  • Dec 13, 2011 8:14am Dec 13, 2011 8:14am
Happy Birthday Helicopter Ben
I don't care which way the market is going as long as it's going my way
  • #14,718
  • Dec 13, 2011 8:15am Dec 13, 2011 8:15am
Quoting Tom_D_Trader
I see breaking of 3145 as incredibly important and think we are tanking heavy down untill FOMC statement. My next target is ,2905. I dunno if we reach it now as we may be struggling around some fibo level or something simmilar, when Bernie comes out and spikes market up. Or when PBOC intervenes.

T
yeah, my long was s/l at 1.3139, which was again proved trade against major trend is a wrong idea..
i am waiting for a back test 1.313X-4X to short with tight s/l around 40-50 pips and looking for 1.3000 level, not sure if there is any opportunity to back 1.313X later today but it is important and this is a successful broken.
  • #14,719
  • Dec 13, 2011 8:18am Dec 13, 2011 8:18am
€/$ H4.

Next support 2869.then bounce back.
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  • #14,720
  • Dec 13, 2011 8:20am Dec 13, 2011 8:20am
closed for 3%




i see tom, PK and fxm making good bounties out of this as well
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Have I got something on my face, SOLDIER?
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