EurAnalysis | Page 748 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #14,941
  • Dec 14, 2011 10:11am Dec 14, 2011 10:11am
Quoting PipKiller
I look forward to it. They help me see what I have missed


1.2950 barrier breached, new low of 1.2946. Daily trendline support breached and price has touched the daily demand area highlighted with a very shallow bounce so far.
Attachment

Futures markets continue to get more risk averse throughout the day. They clearly show risk off now with metals, energy and commodities currencies leading the way. Money is flowing into the US dollar and I'm starting to see it flow into US bonds

0620 AM NY
Attachment ...
Seem like this bro - but doesnt mean am correct - Just try to share
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
  • #14,942
  • Dec 14, 2011 10:12am Dec 14, 2011 10:12am
Quoting stubbys
How comes the E/A pair is moving North? thanks
The Aussie is getting hit hard with oil gold and copper getting hit hard today.

The "risk off" trade with E/A is to go long Euro, short Aussie.
I don't care which way the market is going as long as it's going my way
  • #14,943
  • Dec 14, 2011 10:13am Dec 14, 2011 10:13am
no its people selling gold.


theres no harm i nselling gold. i took profits too fast on a 500pip short earlier yesterday

heres the pic.

Attached Image (click to enlarge)
Click to Enlarge Name: gold tr.gif Size: 10 KB


btw silver dropped 2 bucks today. thats big value in silver


please please daily bar close near the low....
Have I got something on my face, SOLDIER?
  • #14,944
  • Dec 14, 2011 10:14am Dec 14, 2011 10:14am
I disagree. It's ok to be a successful trader and also sell your knowledge to others at a reasonable price for them to learn too. Its called capitalism and entreprenuership. If someone is given something for free its human nature to take it for granted. If they have to pay for it, they will associate some value with it and treat it accordingly. Its them making an investment in themselves and by them putting money on the line, they will be more serious. A lot of us on this board have probably at some point in time spent some money on our forex education and most of us probably don't regret it as we must have learned something. ... In the case of a book, it should be reasonably priced and have solid info and also should be available on amazon and other book sites to establish it looking at least reputable. Now if someone is trying to sell some ebook on a random site I never heard of before, you need to be wary then because who knows if they trying to get your credit card info or maybe their book isn't legit and can't stand the scrutiny it may go through via a bookstore. ... I guess it just depends ... I myself would like weather test some of my approaches some more and once it looks solid enough and proven for me, I would like to put it into an ebook, sell it dirt cheap so ppl don't have to spend 3k and up for courses and I end up more additional money on top my trading and I help ppl save thousands in their education.

Quoting Tyoon
Always be wary of people selling on FF. Always ask yourself "if they are so profitable then why are they selling a product?" If their successful strategies/systems are so profitable, they wouldn't need to go about selling it to make money.

Just saying, be wary.
  • #14,945
  • Dec 14, 2011 10:17am Dec 14, 2011 10:17am
Quoting PipKiller
The Aussie is getting hit hard with oil gold and copper getting hit hard today.

The "risk off" trade with E/A is to go long Euro, short Aussie.

Thanks PK
  • #14,946
  • Dec 14, 2011 10:17am Dec 14, 2011 10:17am
Quoting RodMca
PT you watching Gold? If I remeber correctly you were looking for 1300 to go long well next stop 1480 if thats broken next support is 1300 right what you are looking for!
Could the sell off be attributed to traders liquidating their trades to cover longs? Or is there something else at play?
gold is correcting off of a major 10 year bull. If this is the big correction, it will last for at least 1 year and much more likely 3-4 years.Bbut it is good to bear in mind that the last great gold bear was over 20 years.

Lots of noise about gold... inflation hedge, recession proof yada, yada, yada. Not a lot of proof of either. In fact there is decent amount of proof of the opposite.

Edit: everybody says that it is better to be out of a good trade than in a bad trade. While I agree in theory, watching gold fall a $100 below were I closed some of my trades is just so incredibly painful.
Kill the ego, or it will kill the mission.
  • #14,947
  • Dec 14, 2011 10:22am Dec 14, 2011 10:22am
Quoting AaronWard
gold is correcting off of a major 10 year bull. If this is the big correction, it will last for at least 1 year and much more likely 3-4 years.Bbut it is good to bear in mind that the last great gold bear was over 20 years.

Lots of noise about gold... inflation hedge, recession proof yada, yada, yada. Not a lot of proof of either. In fact there is decent amount of proof of the opposite.
So are you saying we're only seeing the beginning of the gold sell off? that perhaps we will enter a range of somewhere below 1000 for a long period of time because it is no longer recession prof etc? Or am I on a totally different wave length to you?
  • #14,948
  • Dec 14, 2011 10:24am Dec 14, 2011 10:24am
Quoting FXMindset
Seem like this bro - but doesnt mean am correct - Just try to share
All we can do is use our best judgement and manage it. Looks good.

If you go from the november 4 2010 high to the October 4 2011 low it creates a nearly perfect channel with the May 4 2011 high and the aug 29 2011 high which could put todays target around 1.2905

Attached Image (click to enlarge)
Click to Enlarge Name: dailyupdate4.jpg Size: 177 KB
I don't care which way the market is going as long as it's going my way
  • #14,949
  • Dec 14, 2011 10:24am Dec 14, 2011 10:24am
Quoting nyfx718
I disagree. It's ok to be a successful trader and also sell your knowledge to others at a reasonable price for them to learn too. Its called capitalism and entreprenuership. If someone is given something for free its human nature to take it for granted. If they have to pay for it, they will associate some value with it and treat it accordingly. Its them making an investment in themselves and by them putting money on the line, they will be more serious. A lot of us on this board have probably at some point in time spent some money on our forex education...
You make a fair point but it's not all about the money value of the product, rather it's the time value you spend on study the material.

I have learned so much from studying traders on this forum compared to any book/product. Most of what I find in books I later find on the internet somewhere for free.

That's just me, I stick to the retail published books and keep away from expensive self-published books.
  • #14,950
  • Edited 10:49am Dec 14, 2011 10:36am | Edited 10:49am
Quoting RodMca
So are you saying we're only seeing the beginning of the gold sell off? that perhaps we will enter a range of somewhere below 1000 for a long period of time because it is no longer recession prof etc? Or am I on a totally different wave length to you?
as to how far down it will go...I don't know. how long it will go down, I don't know. Personally I doubt that we will see a new high any time before the euro crisis is resolved. And I don't see how that can happen in less that 2 years. But as always, watch PA.

AS for it being recession proof... it never was. Think about it. During a recession people don't have enough money. What they don't do is take the money they don't have and buy gold. What they do do is they take their gold and exchange it for money. Demand for gold is reduced at the same time supply is increased. Price goes down. Or you can cheat and go back and look at the price of gold during a recession.

On the weekend I was looking at potential targets. It has unfinished business at 1266. The 1000 support looks incredibly strong. My short term target was 1575 which it just hit. I closed out way too early settling for a 50 pip scalp when I could have closed out 1500 pips if I just believed my analysis.

EDIT: a bit more on gold. During a correction it is typically quite volatile so you need to pick your entries carefully. My hope is that we will see 1700 some time in the next few weeks.
Kill the ego, or it will kill the mission.
  • #14,951
  • Dec 14, 2011 10:38am Dec 14, 2011 10:38am
ur going to try to go long at noon EST?

Quoting bumapatria
silly me... stupid.


the time was supposed to be 3 hour sfrom now to long... i got the time zone calculation wrong..

im GMt+7 i put GMT+8 in my calculations...

drats..

silly buma at math
  • #14,952
  • Dec 14, 2011 10:39am Dec 14, 2011 10:39am
looks like i am the only bull in this herd


i got enough of shorts am bored in a trending market.
Have I got something on my face, SOLDIER?
  • #14,953
  • Dec 14, 2011 10:39am Dec 14, 2011 10:39am
Quoting nyfx718
ur going to try to go long at noon EST?
i got s'ed out -30 just now due to lack of competence in GMT time reading....

anyways i always always send scout first.

will long in 4 mins.
scout again.


start small build later.
Have I got something on my face, SOLDIER?
  • #14,954
  • Dec 14, 2011 10:40am Dec 14, 2011 10:40am
Quoting AaronWard
as to how far down it will go...I don't know. how long it will go down, I don't know.

AS for it being recession proof... it never was. Think about it. During a recession people don't have enough money. What they don't do is take the money they don't have and buy gold. What they do do is they take their gold and exchange it for money. Demand for gold is reduced at the same time supply is increased. Price goes down. Or you can cheat and go back and look at the price of gold during a recession.

On the weekend I was looking at potential...
i got a 500 i closd it couldve been somethign like urs budy... sucks life eh?
Have I got something on my face, SOLDIER?
  • #14,955
  • Dec 14, 2011 10:46am Dec 14, 2011 10:46am
Quoting bumapatria
i got s'ed out -30 just now due to lack of competence in GMT time reading....

anyways i always always send scout first.

will long in 4 mins.
scout again.


start small build later.
Bold fellow. No chance I would countertrend trade today.

I am going to follow PT's lead. Wait for a good price and then hit it with some leverage.
In support of your idea though, you will find that the major Psycological barriers like 1.40 or 1.35 are typcially soft barriers. The real barrier is 50pips above or below. And we have a 20 pip 5 min bull bar off of 1.295
Kill the ego, or it will kill the mission.
  • #14,956
  • Edited 11:01am Dec 14, 2011 10:46am | Edited 11:01am
officialy long again.

mercury is back direct 15 h ago more reason for longs fo me.

long the dow and eu


btw just scouts







am sure most of u are sayign why on earth am i long lol


if these stops are taken out. will load last longs on d1 open.

as nuts as i sound i am sane for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lg.gif Size: 37 KB
Click to Enlarge Name: g long.gif Size: 34 KB
Have I got something on my face, SOLDIER?
  • #14,957
  • Dec 14, 2011 11:00am Dec 14, 2011 11:00am
Quoting PipTrapper
Nope I'll be rested when I see the euro correct upwards
So PT, are you still waiting for a correction up to 1.35 area? or you think that's too far..
  • #14,958
  • Dec 14, 2011 11:00am Dec 14, 2011 11:00am
Quoting bumapatria
officialy long again.

mercury is back direct 15 h ago more reason for longs fo me.

long the dow and eu


btw just scouts



if these stops are taken out. will load last longs on d1 open.
If this scout wants to play counter sniper and I see the glint of his scope you'll be carrying him off the battlefield too.

Inserted Video
I don't care which way the market is going as long as it's going my way
  • #14,959
  • Dec 14, 2011 11:04am Dec 14, 2011 11:04am
Quoting PipKiller
If this scout wants to play counter sniper and I see the glint of his scope you'll be carrying him off the battlefield too.

http://www.youtube.com/watch?v=27MVB...eature=related
they got red paint on them saying shoot me so i doubt ud miss them
Have I got something on my face, SOLDIER?
  • #14,960
  • Dec 14, 2011 11:06am Dec 14, 2011 11:06am
Quoting bumapatria
they got red paint on them saying shoot me so i doubt ud miss them
Why not just send an imaginary scout? Or a demo scout? Wouldn't that be cheaper?
Kill the ego, or it will kill the mission.
17 traders viewing now