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EurAnalysis Kindergarten 24 replies

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  • #23,621
  • Mar 7, 2012 6:57am Mar 7, 2012 6:57am
Quoting myk
yea u r right . i just checked it aswell usually GU has been more volatile but yea the same result .
where do u see this explosion heading north or south ?
http://www.forexfactory.com/showthre...27#post5451427

Be right back - GL
If there was easy money lying around,no one would be forcing it into your
  • #23,622
  • Mar 7, 2012 6:57am Mar 7, 2012 6:57am
Quoting Cgb
Well I'm going to way for a clear signal. The indicators on my hourly chart have been going up and those on the 4 hour chart have just started turning upwards. So I get the feeling that we have not completed our pull back yet.

I'll wait for a better indication as to direction.

I think that would be below 3125 for a short and above 3150 for a long.
Okay I am not sure if you read the "Order board" post I made earlier. Major offers of real money up around 3180 and very few light bids below 3100, so the sentiment and flow is downward so far. If you're going to take a long position, do it on the low not on the high as the high would be most likely faded very quickly with all the supply waiting up there.

ADD: Therefore, just transpose your statement from:

"I think that would be below 3125 for a short and above 3150 for a long"

to

"I think that would be below 3125 for a long and above 3150 for a short"
Those who say it cannot be done should not interrupt those who are doing it
  • #23,623
  • Mar 7, 2012 7:03am Mar 7, 2012 7:03am
Quoting FXMindset
http://www.forexfactory.com/showthre...27#post5451427

Be right back - GL
hmmmm Bulls Buddy i am expecting something exactly 1 hour from here. confusion is hourly analysis show south where as 4 hourly north... lets see
MMMYYYKKK
  • #23,624
  • Mar 7, 2012 7:05am Mar 7, 2012 7:05am
39.6% Agreed and Offer Expires at 3:00 PM EST on Thursday...

IIF says members amounting to EUR 81bln will take part in Greek debt swap.
Wednesday, March 07, 2012 ⌚07:31 AM
IIF says members amounting to EUR 81bln will take part in Greek debt swap.



Source CNBC

ADP in 11 Minutes...
  • #23,625
  • Mar 7, 2012 7:08am Mar 7, 2012 7:08am
Quoting PipTrapper
Okay I am not sure if you read the "Order board" post I made earlier. Major offers of real money up around 3180 and very few light bids below 3100, so the sentiment and flow is downward so far. If you're going to take a long position, do it on the low not on the high as the high would be most likely faded very quickly with all the supply waiting up there.

ADD: Therefore, just transpose your statement from:

"I think that would be below 3125 for a short and above 3150 for a long"

to

"I think that...
The idea was to wait for confirmation before taking a position.

3100 will be a tough area to break. Euro moving down now and nearing yesterday's support area of 3111 with thee two oversell's at 3104.

Still on the sideline.

Are all of you short right now?
I observe your reality but live my own.
  • #23,626
  • Mar 7, 2012 7:13am Mar 7, 2012 7:13am
Quoting Cgb
The idea was to wait for confirmation before taking a position.

3100 will be a tough area to break. Euro moving down now and nearing yesterday's support area of 3111 with thee two oversell's at 3104.

Still on the sideline.

Are all of you short right now?
I have a short position (long term) trade at 1.34 and a fresh one from last week at 1.3250
I plan on holding both of them.
In current day I am flat and plan on staying that way until next week. Two short positions are enough exposure for now.

Now here is what may put a damper on further USDX gains. Price is at rising channel resistance. Can ADP pop it? Maybe but that's a gamble at this point. If it breaks it and we get an H4 slose and confirmation above the UTL, I might consider another E/U short on a pullback.

Attached Image (click to enlarge)
Click to Enlarge Name: usdx-h4.gif Size: 29 KB


News in less than 2 mins
Those who say it cannot be done should not interrupt those who are doing it
  • #23,627
  • Mar 7, 2012 7:16am Mar 7, 2012 7:16am
Quoting PipTrapper
I have a short position (long term) trade at 1.34 and a fresh one from last week at 1.3250
I plan on holding both of them.
In current day I am flat and plan on staying that way until next week. Two short positions are enough exposure for now.

Now here is what may put a damper on further USDX gains. Price is at rising channel resistance. Can ADP pop it? Maybe but that's a gamble at this point. If it breaks it and we get an H4 slose and confirmation above the UTL, I might consider another E/U short on a pullback.

Attachment

News...

ADP Private payroll added 216K jobs in February. Expectation was 204K
Not much difference so don't expect much reaction. Current range with a bearish bias prevails.
Those who say it cannot be done should not interrupt those who are doing it
  • #23,628
  • Mar 7, 2012 7:25am Mar 7, 2012 7:25am
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dear Bruce W,
Putting buys at 1.3150 stop 1.3100 target 1.3183 sells at 1.3050 stop 1.3100 target 1.3013 Good til 12 Noon ET BK Flow $EURUSD

I will tell you after whose call it was. I have a week of free calls !!!
  • #23,629
  • Mar 7, 2012 7:29am Mar 7, 2012 7:29am
Quoting knoholygrail
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dear Bruce W,
Putting buys at 1.3150 stop 1.3100 target 1.3183 sells at 1.3050 stop 1.3100 target 1.3013 Good til 12 Noon ET BK Flow $EURUSD

I will tell you after whose call it was. I have a week of free calls !!!
Why risk 50 pips to make 33 on a counter trend trade? Whats at 1.3050 to give piece of mind that slightly above is major resistance so that their sl wont be hit?

Can't say I'd be trading like that but just my opinion
  • #23,630
  • Mar 7, 2012 7:33am Mar 7, 2012 7:33am
Quoting RodMca
Why risk 50 pips to make 33 on a counter trend trade? Whats at 1.3050 to give piece of mind that slightly above is major resistance so that their sl wont be hit?

Can't say I'd be trading like that but just my opinion
I think I will put out my own calls.


Wednesday, March 7, 2012 8:15:35 AM

http://r20.rs6.net/on.jsp?t=11094700...mages/p1x1.gif http://ih.constantcontact.com/fs041/...4361/img/2.gif ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
BKForex Advisor ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~






P.S. No Prejudice Intended...

I also thought the call made little sense. My calls are free though !!!
  • #23,631
  • Mar 7, 2012 7:46am Mar 7, 2012 7:46am
Quoting knoholygrail
I think I will put out my own calls.


Wednesday, March 7, 2012 8:15:35 AM
[left]http://r20.rs6.net/on.jsp?t=11094700...mages/p1x1.gif http://ih.constantcontact.com/fs041/...4361/img/2.gif ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~[font=Verdana,Geneva,Arial,Helvetica,sans-serif][color=#000000]
[size=2][font=Verdana,Geneva,Arial,Helvetica,sans-serif][color=#000000][FONT=Verdana,...
If they can make money from calls like that well everything ive ever studied about forex is out the window!
  • #23,632
  • Mar 7, 2012 7:48am Mar 7, 2012 7:48am
Quoting knoholygrail
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Dear Bruce W,
Putting buys at 1.3150 stop 1.3100 target 1.3183 sells at 1.3050 stop 1.3100 target 1.3013 Good til 12 Noon ET BK Flow $EURUSD

I will tell you after whose call it was. I have a week of free calls !!!
nops
MMMYYYKKK
  • #23,633
  • Mar 7, 2012 7:50am Mar 7, 2012 7:50am
Quoting myk
hmmmm Bulls Buddy i am expecting something exactly 1 hour from here. confusion is hourly analysis show south where as 4 hourly north... lets see
am both bull or bear side,today still might be range until tomorrow conference
If there was easy money lying around,no one would be forcing it into your
  • #23,634
  • Mar 7, 2012 7:52am Mar 7, 2012 7:52am
Quoting GoldMan.
Yeah, but at least I have my freeroll tournament right now, keeps me busy.

Got 50th place, 9000 players total. Won a ticket to a weekly round 2 tournament.
Attached Image (click to enlarge)
Click to Enlarge Name: eeeeeeee.png Size: 273 KB
  • #23,635
  • Mar 7, 2012 7:53am Mar 7, 2012 7:53am
Quoting GoldMan.
Got 50th place, 9000 players total. Won a ticket to a weekly round 2 tournament.
Yay,Congrats!
If there was easy money lying around,no one would be forcing it into your
  • #23,636
  • Mar 7, 2012 7:54am Mar 7, 2012 7:54am
Quoting FXMindset
am both bull or bear side,today still might be range until tomorrow conference
I have to agree. I'm completely undecided right now. If I was a better scalper, I could have made over 50 pips right now, but alas I'm not.
I observe your reality but live my own.
  • #23,637
  • Mar 7, 2012 7:54am Mar 7, 2012 7:54am
Quoting GoldMan.
Got 50th place, 9000 players total. Won a ticket to a weekly round 2 tournament.
Congrats Goldman, I'm a fan of poker too not professionl though! You a game theory specialist or just have youre own ways of playing?
  • #23,638
  • Mar 7, 2012 7:54am Mar 7, 2012 7:54am
Quoting GoldMan.
Got 50th place, 9000 players total. Won a ticket to a weekly round 2 tournament.
Cool! Congrats!
I observe your reality but live my own.
  • #23,639
  • Mar 7, 2012 7:57am Mar 7, 2012 7:57am
Quoting FXMindset
am both bull or bear side,today still might be range until tomorrow conference
I am all over the map today till we find a direction ! Usually i have noticed Mon, Tue,Wed follow same direction n Thursday is the reversal with Friday being Funniest in direction. But we cant sit on usual's lol

More we all now what NY has given us this week.
MMMYYYKKK
  • #23,640
  • Mar 7, 2012 7:58am Mar 7, 2012 7:58am
Quoting RodMca
Congrats Goldman, I'm a fan of poker too not professionl though! You a game theory specialist or just have youre own ways of playing?
His forex skills adopt from the poker game
If there was easy money lying around,no one would be forcing it into your
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