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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #23,241
  • Mar 1, 2012 8:09am Mar 1, 2012 8:09am
Quoting FX Tsunami
IF it reverses from here, Can this be considered as an inverted H&S pattern???
No way. Way off. Sorry

Let me elaborate.
1. Sometimes a H/S pattern is on a slant, but this is too much. This is no more than an upward channel or gann line.
2. H/S patterns are reversal patterns and not continuation patterns.
Those who say it cannot be done should not interrupt those who are doing it
  • #23,242
  • Mar 1, 2012 8:10am Mar 1, 2012 8:10am
Quoting FX Tsunami
IF it reverses from here, Can this be considered as an inverted H&S pattern???
That would be a very slanted inverted H&S formation that's for sure!
I observe your reality but live my own.
  • #23,243
  • Mar 1, 2012 8:12am Mar 1, 2012 8:12am
Quoting PipTrapper
No way. Way off. Sorry
"NO WAY" of H&S or reversal ????
  • #23,244
  • Mar 1, 2012 8:15am Mar 1, 2012 8:15am
Quoting PipTrapper
1. Sometimes a H/S pattern is on a slant, but this is too much. This is no more than an upward channel or gann line.
2. H/S patterns are reversal patterns and not continuation patterns.
Affirmative !!!
  • #23,245
  • Mar 1, 2012 8:16am Mar 1, 2012 8:16am
Decided not to keep 1/2 at 1.3285 and sold all of it. Hourly chart now oversold. Retrace to 1.3330/40 on the horizon right now. Will wait. USD did not hold 78.900 and falling now.
I observe your reality but live my own.
  • #23,246
  • Mar 1, 2012 8:16am Mar 1, 2012 8:16am
Quoting Cgb
That would be a very slanted inverted H&S formation that's for sure!
Anyway, we'll wait for Benny either to form it or erase it
  • #23,247
  • Mar 1, 2012 8:17am Mar 1, 2012 8:17am
Quoting RodMca
I think that there is a logical reason.. Unfortunately I did not get to listen to bernanke speak however it was evident that there was no mention of QE.. I heard a snippet that their next motive is for a strong dollar.. This in turns brings down commodity prices if you look at crude it also sold off heavily look at eur/jpy nothing happened but eur/usd sold off why? Because money flowed into dollar assets and thus commodities weakened..
This reinforces my point that the dollar moves gold prices not the other way around..
Well if we really want to get technical and logical about it. No currency or commodity moves any other currency or commodity.
It is traders, investors and commercial transactions that move currencies and commodities. It is all about flow. With the prospect of a stronger dollar, US institutions are more likely to repatriate assets. Basically it is speculation.
Those who say it cannot be done should not interrupt those who are doing it
  • #23,248
  • Mar 1, 2012 8:18am Mar 1, 2012 8:18am
I ain't selling it unless it breaks below 3280
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  • #23,249
  • Mar 1, 2012 8:24am Mar 1, 2012 8:24am
Quoting PipTrapper
Well if we really want to get technical and logical about it. No currency or commodity moves any other currency or commodity.
It is traders, investors and commercial transactions that move currencies and commodities. It is all about flow. With the prospect of a stronger dollar, US institutions are more likely to repatriate assets. Basically it is speculation.
sssstttt....am smell 1500 - 2000 pips at one cross..PM you later bro
If there was easy money lying around,no one would be forcing it into your
  • #23,250
  • Mar 1, 2012 8:29am Mar 1, 2012 8:29am
Here's my charts. Both 4 hour bars, one longer period than the other.
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I observe your reality but live my own.
  • #23,251
  • Mar 1, 2012 8:31am Mar 1, 2012 8:31am
Quoting FXMindset
sssstttt....am smell 1500 - 2000 pips at one cross..PM you later bro
Share the info bro... We're supposed to help each other out here
I observe your reality but live my own.
  • #23,252
  • Mar 1, 2012 8:34am Mar 1, 2012 8:34am
Quoting Cgb
Share the info bro... We're supposed to help each other out here
sure
If there was easy money lying around,no one would be forcing it into your
  • #23,253
  • Mar 1, 2012 8:45am Mar 1, 2012 8:45am
Hope you guys are having fun...with a movement of over 170 pips so far today I made my cheese today in 1hr...3 trades +15...price is somewhat trading in my in-decision zone from the low at 3282....key is patience and a open mind...if you keep yourself stuck on one way movements you have just put yourself in a box...good luck all!!
  • #23,254
  • Mar 1, 2012 9:19am Mar 1, 2012 9:19am
Benny Cakes --> http://www.c-span.org/Events/Fed-Cha...10737428660-1/
Those who say it cannot be done should not interrupt those who are doing it
  • #23,255
  • Mar 1, 2012 9:22am Mar 1, 2012 9:22am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Benny Cakes --> http://www.c-span.org/Events/Fed-Cha...10737428660-1/
Same report, same issues, nothing new.
  • #23,256
  • Mar 1, 2012 9:35am Mar 1, 2012 9:35am
Quoting FXMindset
sssstttt....am smell 1500 - 2000 pips at one cross..PM you later bro
yeah more likely usd/chf i think
  • #23,257
  • Mar 1, 2012 9:45am Mar 1, 2012 9:45am
Quoting Cgb
Decided not to keep 1/2 at 1.3285 and sold all of it. Hourly chart now oversold. Retrace to 1.3330/40 on the horizon right now. Will wait. USD did not hold 78.900 and falling now.
1.3335 split in the middle

Took small short at 1.3330, let's see where this goes...
I observe your reality but live my own.
  • #23,258
  • Mar 1, 2012 10:03am Mar 1, 2012 10:03am
Quoting Cgb
1.3335 split in the middle

Took small short at 1.3330, let's see where this goes...
He says "more stable inflation after QE2"... Is it sign that no more QE is needed?

I hope CGB took +10 pips by now
  • #23,259
  • Mar 1, 2012 10:15am Mar 1, 2012 10:15am
Quoting PeepPeep
He says "more stable inflation after QE2"... Is it sign that no more QE is needed?

I hope CGB took +10 pips by now
Nope, looking for +30 on this move. 1.3339 (-9) is stop (4 point above retrace of 1.3335).
I observe your reality but live my own.
  • #23,260
  • Mar 1, 2012 10:31am Mar 1, 2012 10:31am
we need to break this silly easy channel to see ny bull momentum lol
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