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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #19,061
  • Jan 12, 2012 7:57am Jan 12, 2012 7:57am
Quoting GoldMan.
I used to look M1 also but I abandoned it because it gave too much false signals and often I found myself twitching around like a dog with fleas. You can get very accurate signals with M5, M15 and M30 also so I see no point going to M1.
Whats up sweety
If there was easy money lying around,no one would be forcing it into your
  • #19,062
  • Jan 12, 2012 7:57am Jan 12, 2012 7:57am
Lets see how it holds, Breaks above happily go long, if it breaks below maybe a short but wait for the volatilty and swings calm down and trade accordingly..
Gold looks weak to me lets see how it all plays out..
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  • #19,063
  • Jan 12, 2012 7:58am Jan 12, 2012 7:58am
Quoting knoholygrail
The market listens to no one person. It heard Draghi say nothing much and so it reacted to maybe NO RATE cut in February so
Risk On short term for EUR/USD until Greece comes up in a few days. That's my view and I might be wrong however hope never works. I am all in cash at the moment and it feels good. Now I will go for my breakfast before the US Open at 9:30 AM EST...
Pair is still under pressure .. may be now a little relief but the main watch zone is still 1.2810-20 area .. need to carefully watch. Have a nice break-fast Kno ..your tech n fundies are very helpful
  • #19,064
  • Jan 12, 2012 8:02am Jan 12, 2012 8:02am
Quoting Tyoon
Lush man. You love the dax.
Oh yes, it's my favorite.

Quoting FXMindset
Whats up sweety
Hey my yellow friend, just started watching 'scarface' movie, saw it long time ago
  • #19,065
  • Jan 12, 2012 8:05am Jan 12, 2012 8:05am
Quoting GoldMan.
Oh yes, it's my favorite.



Hey my yellow friend, just started watching 'scarface' movie, saw it long time ago
Seems Dax more good than EU for scalp?
If there was easy money lying around,no one would be forcing it into your
  • #19,066
  • Jan 12, 2012 8:07am Jan 12, 2012 8:07am
So we make a new high then drop to the daily open...retrace from that and go up...I need one more trade...when bulls take a break I might step in....depends on the next 15min bar
  • #19,067
  • Jan 12, 2012 8:09am Jan 12, 2012 8:09am
Quoting theIEguy9_09
So we make a new high then drop to the daily open...retrace from that and go up...I need one more trade...when bulls take a break I might step in....depends on the next 15min bar

Absolutely correct...Pair is hitting the intersection point this 15M ..next candle is likely to retrace down ..
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  • #19,068
  • Jan 12, 2012 8:10am Jan 12, 2012 8:10am
Quoting FXMindset
Seems Dax more good than EU for scalp?
Depends on a day, sometimes eurusd is better, sometimes dax.
Today eurusd is still stuck in the supply zone but dax broke the 6171.5 resistance level so today it was much cleaner to trade.
  • #19,069
  • Jan 12, 2012 8:11am Jan 12, 2012 8:11am
Inserted Video
If there was easy money lying around,no one would be forcing it into your
  • #19,070
  • Jan 12, 2012 8:11am Jan 12, 2012 8:11am
This recent +50 or so, IMO, was a combination of positive Euro-negative USD fundamentals and TA coming together. Went long just above the daily pivot at 1.2725.
Mark ... Everything you have been told is a LIE
  • #19,071
  • Jan 12, 2012 8:12am Jan 12, 2012 8:12am
Quoting rekon67
Absolutely correct...Pair is hitting the intersection point this 15M ..next candle is likely to retrace down ..
Nice!!! Thanks for the input well needed
  • #19,072
  • Jan 12, 2012 8:12am Jan 12, 2012 8:12am
Quoting GoldMan.
Depends on a day, sometimes eurusd is better, sometimes dax.
Today eurusd is still stuck in the supply zone but dax broke the 6171.5 resistance level so today it was much cleaner to trade.
Will try look Dax one day
If there was easy money lying around,no one would be forcing it into your
  • #19,073
  • Jan 12, 2012 8:18am Jan 12, 2012 8:18am
Quoting theIEguy9_09
Nice!!! Thanks for the input well needed
Nothing much of hope..but theory is correct ..
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  • #19,074
  • Jan 12, 2012 8:22am Jan 12, 2012 8:22am
Quoting rekon67
Nothing much of hope..but theory is correct ..
Nice job bud!!! Entry@9:16est Exit@9:19est....+15 done for the day.....have a good day folks...I will be lurking for a few until I drift off.
  • #19,075
  • Jan 12, 2012 8:23am Jan 12, 2012 8:23am
Quoting spzd
This recent +50 or so, IMO, was a combination of positive Euro-negative USD fundamentals and TA coming together. Went long just above the daily pivot at 1.2725.
The seachange for myself is very easy to understand. It had nothings to do with technicals. It had nothing to do with hope. It had everything to do with a change of PERCEPTION because of the ECB Press Conference at 8:30 AM EST.

At 8:35 AM EST EUR/USD had hit it's low at 1.27135 on my FXCM UK Market Scope. Then Draghi overtook the Negative USA Data on jobless claims and US Retail sales. The PERCEPTION was changed by Draghi and EVERYONE saw it the way they did and the Market Said YES Euro is safe to buy for now.

I might be wrong however I just put on a short EUR/USD at 1.2772 because for myself there is nothing new and my short term trend is down and I always trade with the Trend. The Trend is your Friend. I am short and my Stop Loss is at 1.28059.

That is my Trade Plan and my RISK is known.

I hope this helps clarify things based on my views only.
  • #19,076
  • Jan 12, 2012 8:25am Jan 12, 2012 8:25am
I have such a feeling of deer in the headlights right now. Managed to get a few pips but missed out on large moves
I observe your reality but live my own.
  • #19,077
  • Jan 12, 2012 8:25am Jan 12, 2012 8:25am
Daily view looks promising for the Buyers .. though ...
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  • #19,078
  • Jan 12, 2012 8:32am Jan 12, 2012 8:32am
Quoting knoholygrail
The seachange for myself is very easy to understand. It had nothings to do with technicals. It had nothing to do with hope. It had everything to do with a change of PERCEPTION because of the ECB Press Conference at 8:30 AM EST.

At 8:35 AM EST EUR/USD had hit it's low at 1.27135 on my FXCM UK Market Scope. Then Draghi overtook the Negative USA Data on jobless claims and US Retail sales. The PERCEPTION was changed by Draghi and EVERYONE saw it the way they did and the Market Said YES Euro is safe to buy for now.

I might be wrong however I just...
I can see what your saying. I try to keep it simpler. Basically neutral to positive numbers for the Euro and definitely negative numbers for the USD. Combine this with my technicals, when price moved down to the daily pivot it was screaming at me to go long, which with no hesitation I did. I hope this clarifies things from my perspective.
Mark ... Everything you have been told is a LIE
  • #19,079
  • Jan 12, 2012 8:32am Jan 12, 2012 8:32am
Quoting knoholygrail
I might be wrong however I just put on a short EUR/USD at 1.2772 because for myself there is nothing new and my short term trend is down and I always trade with the Trend. The Trend is your Friend. I am short and my Stop Loss is at 1.28059.
Took same trade at 1.2774 ... Looks like it was the wrong one
I observe your reality but live my own.
  • #19,080
  • Jan 12, 2012 8:45am Jan 12, 2012 8:45am
Quoting Cgb
Took same trade at 1.2774 ... Looks like it was the wrong one
Imo easiest short trades on the 5min chart....look for possible high or turn point....to short...green candle followed by red candle....now put a trendline on the low wick of the red candle and if price passes the bottom of your trendline go short...my targets are typically 5pips but you can do whatever floats your boat.
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