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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #21,961
  • Feb 7, 2012 10:19am Feb 7, 2012 10:19am
Quoting PipTrapper
There goes the 1.3245/50 barrier. If we gat a daily candle close above 1.3245, then I expect to see a higher Euro in the short term... possibly as high as 1.36xx but more likely 1.3410/20 area.

Of course this all hinges on G-Spot

Attachment
don't forget our old friend 1.3950...
Kill the ego, or it will kill the mission.
  • #21,962
  • Feb 7, 2012 10:20am Feb 7, 2012 10:20am
Clear break from the hourly chart (and 4 hr) with a possible pull back to 1.3224 expected. Above quota for today and now going to wait, don't want to over trade.

Cheers!
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I observe your reality but live my own.
  • #21,963
  • Feb 7, 2012 10:24am Feb 7, 2012 10:24am
You got to love them wedges don't you...

Quoting FXMindset
I though its my bad day my 20 SL almost hit
  • #21,964
  • Feb 7, 2012 10:27am Feb 7, 2012 10:27am
Quoting TheSwede
You got to love them wedges don't you...
consider am lucky only,heh...hope you are doing great mate
If there was easy money lying around,no one would be forcing it into your
  • #21,965
  • Feb 7, 2012 10:32am Feb 7, 2012 10:32am
No I'm not. In bed with the flue. Not trading but reading books and sleeping. Watching the PA. Well not that bad I guess. The problem is that you are never home alone when you are ill and have children.

Quoting FXMindset
consider am lucky only,heh...hope you are doing great mate
  • #21,966
  • Feb 7, 2012 10:35am Feb 7, 2012 10:35am
Quoting TheSwede
No I'm not. In bed with the flue. Not trading but reading books and sleeping. Watching the PA. Well not that bad I guess. The problem is that you are never home alone when you are ill and have children.
rest assured,everyday is the new opportunity,market always available for you mate

Dont said No..But YES,WE CAN!
If there was easy money lying around,no one would be forcing it into your
  • #21,967
  • Feb 7, 2012 10:39am Feb 7, 2012 10:39am
Until a couple of months ago that was by biggest fear. The Fear to miss a move. I would say that mastering that has made my trading a whole lot better. Now I trade when I trade and don't trade when I don't trade. Better to miss a move than to loose. As you said there are a lot of opportunities a day for at least 120-150 tradable pips.

Cloggie always used to say that not being in a trade is also a trade.

Quoting FXMindset
rest assured,everyday is the new opportunity,market always available for you mate

Dont said No..But YES,WE CAN!
  • #21,968
  • Feb 7, 2012 10:47am Feb 7, 2012 10:47am
Quoting TheSwede
Until a couple of months ago that was by biggest fear. The Fear to miss a move. I would say that mastering that has made my trading a whole lot better. Now I trade when I trade and don't trade when I don't trade. Better to miss a move than to loose. As you said there are a lot of opportunities a day for at least 120-150 tradable pips.

Cloggie always used to say that not being in a trade is also a trade.
Yay...Cloggie fans ^^
Yes,What you are said above its true all
Wish you quickly recover bro
If there was easy money lying around,no one would be forcing it into your
  • #21,969
  • Feb 7, 2012 10:48am Feb 7, 2012 10:48am
Quoting TheSwede
You got to love them wedges don't you...
Gotta love a good demand zone. Trailing SL tight with a big rally like this, they often turn right around and give it all back. +164 locked in let's see if she wants to give up any more.
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Supply zone, 38.2 fib and 1.3250 barrier broken. plenty of room to next supply zones and 50.0 fib
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I don't care which way the market is going as long as it's going my way
  • #21,970
  • Feb 7, 2012 10:53am Feb 7, 2012 10:53am
Euro hits a wall. It's the same wall I pointed out a few weeks ago.

RTL-1 on my daily chart.

We saw a high of 1.3270 today which is exactly where my line sits.
Now we just have to see where today closes. If it closes below 1.3242, then we still do not have a confirmed break and close above the 38.2% fibo.

Now does anybody see what I am seeing?
Yep, it's an inverted Head/Shoulder setup for an upward reversal. My line RTL-1 is the neckline. A break and close above there should target the 1.36xx area.

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Those who say it cannot be done should not interrupt those who are doing it
  • #21,971
  • Feb 7, 2012 10:58am Feb 7, 2012 10:58am
My Daily
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If there was easy money lying around,no one would be forcing it into your
  • #21,972
  • Feb 7, 2012 10:59am Feb 7, 2012 10:59am
Quoting PipKiller
Supply zone, 38.2 fib and 1.3250 barrier broken. plenty of room to next supply zones and 50.0 fib
Attachment
Until you get a candle on your 4 hr chart that closes above the 1.3250 level, I would not call it broke yet. Its prudent to wait for the confirmation candle.
I observe your reality but live my own.
  • #21,973
  • Feb 7, 2012 11:14am Feb 7, 2012 11:14am
Quoting Cgb
Until you get a candle on your 4 hr chart that closes above the 1.3250 level, I would not call it broke yet. Its prudent to wait for the confirmation candle.
Agreed. It also seems to me that before any more possible upside, we should come back down to retest 1.3190
It's not mandatory but it's highly probable. If price breaks below 1.3190, then we're back in the range.

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Those who say it cannot be done should not interrupt those who are doing it
  • #21,974
  • Feb 7, 2012 11:17am Feb 7, 2012 11:17am
(Reuters) - For two years, European officials have wrestled with Greece to try to save the country from financial ruin. Yet the closer talks get to a definitive deal, the greater the risk seems to get that negotiations might collapse once and for all.
Those who say it cannot be done should not interrupt those who are doing it
  • #21,975
  • Feb 7, 2012 11:26am Feb 7, 2012 11:26am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Euro hits a wall. It's the same wall I pointed out a few weeks ago.

RTL-1 on my daily chart.

We saw a high of 1.3270 today which is exactly where my line sits.
Now we just have to see where today closes. If it closes below 1.3242, then we still do not have a confirmed break and close above the 38.2% fibo.

Now does anybody see what I am seeing?
Yep, it's an inverted Head/Shoulder setup for an upward reversal. My line RTL-1 is the neckline. A break and close above there should target the 1.36xx area.
There is too much unfinished business below 1.32 that I don't believe we make that today. I see a one loop down before new rise. Once g-deal is over we might get there.
  • #21,976
  • Feb 7, 2012 11:33am Feb 7, 2012 11:33am
Quoting FXMindset
My Daily
i remembered those idiots on eu thread who started pissing on u for showing a possible retest on that tl

and look at where we are now fxm..

nice
Have I got something on my face, SOLDIER?
  • #21,977
  • Feb 7, 2012 12:54pm Feb 7, 2012 12:54pm
Quoting Cgb
Until you get a candle on your 4 hr chart that closes above the 1.3250 level, I would not call it broke yet. Its prudent to wait for the confirmation candle.
Difference of opinion. I don't trade candles, price action or patterns. I trade price. I do keep an eye on the other methods though.

As soon as price traded through the supply zone, the option barrier and the fib that was all the confirmation I needed. They are no longer valid to me as resistance..... Therefore broken. Price can now easily move through those levels.

All good though, I'm done with this trade, time to look for something else.

Trailing stop hit +162.2 pips (3%) in the bank
I don't care which way the market is going as long as it's going my way
  • #21,978
  • Feb 7, 2012 1:26pm Feb 7, 2012 1:26pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipKiller
Difference of opinion. I don't trade candles, price action or patterns. I trade price.
I trade foreign currencies... I can trade you some, if your price is good
  • #21,979
  • Feb 7, 2012 1:43pm Feb 7, 2012 1:43pm
Quoting AFXFin
I trade foreign currencies... I can trade you some, if your price is good
LOL

OK, as long as you ain't selling me Drachma's I make you goooood deal... Trust me


You sure you want to do that

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I don't care which way the market is going as long as it's going my way
  • #21,980
  • Feb 7, 2012 1:52pm Feb 7, 2012 1:52pm
Quoting AFXFin
There is too much unfinished business below 1.32 that I don't believe we make that today. I see a one loop down before new rise. Once g-deal is over we might get there.
Well I wasn't exactly talking about today
That was a forward looking analysis and projection.
Those who say it cannot be done should not interrupt those who are doing it
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