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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #15,321
  • Dec 16, 2011 6:30am Dec 16, 2011 6:30am
Quoting redteamgo
im glad you agree lol. those words in front of gamble are simply qualifiers used to describe analysis performed in order to increase your perceived odds.
A good trader is a poker player employing strategy and some card counting when possible.

A bad trader is a slot machine junkie hitting the same button is succession hoping for a big win to cover the past losses.

Those who say it cannot be done should not interrupt those who are doing it
  • #15,322
  • Dec 16, 2011 6:32am Dec 16, 2011 6:32am
Yay... Come on Euro, you can do it. Come on 1.32

Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 37 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #15,323
  • Dec 16, 2011 6:35am Dec 16, 2011 6:35am
Quoting PipTrapper
Yay... Come on Euro, you can do it. Come on 1.32

Attachment
its flying.. aussie too.
Any prices quoted are futures
  • #15,324
  • Dec 16, 2011 6:35am Dec 16, 2011 6:35am
If you love me my lord
Please lemme see 1.32 today
If there was easy money lying around,no one would be forcing it into your
  • #15,325
  • Dec 16, 2011 6:37am Dec 16, 2011 6:37am
Market Commentary From Monty Guild

http://www.jsmineset.com/2011/12/15/...nty-guild-110/
Bulls Run. Bears Bite. We Profit.
  • #15,326
  • Dec 16, 2011 7:01am Dec 16, 2011 7:01am
Quoting PipTrapper
A good trader is a poker player employing strategy and some card counting when possible.

A bad trader is a slot machine junkie hitting the same button is succession hoping for a big win to cover the past losses.

Sounds Just right. But it takes a little bit of time for people to realise which they are.
  • #15,327
  • Dec 16, 2011 7:02am Dec 16, 2011 7:02am
Quoting PipTrapper
Yay... Come on Euro, you can do it. Come on 1.32

Attachment
So after 1.32 it comes down none stop??? to where???
  • #15,328
  • Dec 16, 2011 7:07am Dec 16, 2011 7:07am
Quoting amr10000
So after 1.32 it comes down none stop??? to where???
Nah...
If there was easy money lying around,no one would be forcing it into your
  • #15,329
  • Dec 16, 2011 7:10am Dec 16, 2011 7:10am
Quoting FXMindset
If you love me my lord
Please lemme see 1.32 today
For your Long Entry ...a big clap..
Attached Image
  • #15,330
  • Dec 16, 2011 7:11am Dec 16, 2011 7:11am
Quoting PipTrapper
A good trader is a poker player employing strategy and some card counting when possible.

A bad trader is a slot machine junkie hitting the same button is succession hoping for a big win to cover the past losses.

Gee, you saying I should use the other button... the buy button?
Kill the ego, or it will kill the mission.
  • #15,331
  • Dec 16, 2011 7:14am Dec 16, 2011 7:14am
Quoting PipTrapper
Yay... Come on Euro, you can do it. Come on 1.32

Attachment
question pip trader, do not seem much for a Friday, low in volume and only remaining American news, greetings
  • #15,332
  • Dec 16, 2011 7:17am Dec 16, 2011 7:17am
Entering the holdidays and low volume there will be from here on to mid begining of jan.

Quoting forexarg
question pip trader, do not seem much for a Friday, low in volume and only remaining American news, greetings
  • #15,333
  • Dec 16, 2011 7:24am Dec 16, 2011 7:24am
Quoting amr10000
So after 1.32 it comes down none stop??? to where???
I'm not saying it will come down non-stop. I am saying that if price action gives me the signal, I will sell at 1.32
Let's get there first and then I will tell you what I think.
Those who say it cannot be done should not interrupt those who are doing it
  • #15,334
  • Dec 16, 2011 7:25am Dec 16, 2011 7:25am
Quoting AaronWard
Gee, you saying I should use the other button... the buy button?
Why? Are you a slot machine junkie?
Those who say it cannot be done should not interrupt those who are doing it
  • #15,335
  • Dec 16, 2011 7:25am Dec 16, 2011 7:25am
Quoting PipTrapper
I'm not saying it will come down non-stop. I am saying that if price action gives me the signal, I will sell at 1.32
Let's get there first and then I will tell you what I think.
  • #15,336
  • Dec 16, 2011 7:27am Dec 16, 2011 7:27am
For the bears.

I see 4 possible short entries off the daily.

Retest of breakout below 1.3145. I personally don't really like this one.

Retest of the breakout below 1.3212. I like this one with both trendline and channel resistance.

Test of 1.3252 which is the 23.6 fib of the run down from 1.4247 to 1.2945

Retest of the breakout from a fresh supply zone at 1.3290 which would also bring this pair back to the mean of the Bollenger bands.
Attached Image (click to enlarge)
Click to Enlarge Name: dailyupdate1.jpg Size: 179 KB


For the Bulls

Sorry, I am not touching this one yet, downward momentum has slowed but it hasn't changed.
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For the Gamblers

Sorry, The house makes the rules and your on your own.
...............
I don't care which way the market is going as long as it's going my way
  • #15,337
  • Dec 16, 2011 7:27am Dec 16, 2011 7:27am
Italy's Monti wins confidence vote over austerity

The Chamber of Deputies (lower house) backed the 33bn-euro (£27bn; $43bn) package of cuts and reforms by 495 votes to 88.
  • #15,338
  • Dec 16, 2011 7:28am Dec 16, 2011 7:28am
Quoting forexarg
question pip trader, do not seem much for a Friday, low in volume and only remaining American news, greetings
There are many traders with sell positions that are still open. Because today is Friday, they will take profit. When they take profit, the price goes up because it is like buying the euro again. This makes the buyers jump in to buy also.

The news has nothing to do with it. Today is about positioning and covering.
Those who say it cannot be done should not interrupt those who are doing it
  • #15,339
  • Dec 16, 2011 7:38am Dec 16, 2011 7:38am
Quoting rekon67
For your Long Entry ...a big clap..
need to clear 1.3080 - 1.3100 and 1.3150 roughly first to see 1.32
If there was easy money lying around,no one would be forcing it into your
  • #15,340
  • Dec 16, 2011 7:41am Dec 16, 2011 7:41am
Quoting PipTrapper
The news has nothing to do with it. Today is about positioning and covering.
Because news has been crap all week it seems TP has been occurring since wednesday after the fat drop.
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