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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #28,621
  • May 2, 2012 8:28am May 2, 2012 8:28am
Quoting shhhhh
There is also a fib there and a powerful ema, not only the trendline:

http://www.forexfactory.com/showthre...19#post5620919
Absolutely, but we were talking about trend lines.
Those who say it cannot be done should not interrupt those who are doing it
  • #28,622
  • May 2, 2012 8:31am May 2, 2012 8:31am
Next up on the menu

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Those who say it cannot be done should not interrupt those who are doing it
  • #28,623
  • May 2, 2012 8:32am May 2, 2012 8:32am
Quoting PipTrapper
Here you go...

I exposed the contact points of the channels

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Ok, I see our difference. You take the absolute bottom (or top) of candles including the wick portion where as I do not. I prefer to take the candle body and consider the wick portion part of the overbuy/oversell area. I especially like to draw trend line on the closing of a doji (indecision) candle as I find this to be better place where a turn occurs (thus re-inforcing the trend line).

Cheers!
I observe your reality but live my own.
  • #28,624
  • May 2, 2012 8:32am May 2, 2012 8:32am
Quoting PipTrapper
Next up on the menu

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...and after that...

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Those who say it cannot be done should not interrupt those who are doing it
  • #28,625
  • May 2, 2012 8:37am May 2, 2012 8:37am
I wonder - how important are ATR levels for those newly waked up NY boys with large red buttons on their desks..?
69
  • #28,626
  • May 2, 2012 8:44am May 2, 2012 8:44am
I would expect a test of the previous trendline at some point prior to price continuing down.
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Student of the Markets
  • #28,627
  • May 2, 2012 8:48am May 2, 2012 8:48am
Quoting Cgb
Ok, I see our difference. You take the absolute bottom (or top) of candles including the wick portion where as I do not. I prefer to take the candle body and consider the wick portion part of the overbuy/oversell area. I especially like to draw trend line on the closing of a doji (indecision) candle as I find this to be better place where a turn occurs (thus re-inforcing the trend line).

Cheers!
You can also try both ways, and see how price reacts to them. And thirdly, you can try drawing them on a line chart and get another good glimpse at reactions...
charting the euro...
  • #28,628
  • May 2, 2012 8:56am May 2, 2012 8:56am
Quoting PipTrapper
...and after that...

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Please Piptrapper where can i get this kind of toys?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,629
  • May 2, 2012 8:57am May 2, 2012 8:57am
Quoting shhhhh
You can also try both ways, and see how price reacts to them. And thirdly, you can try drawing them on a line chart and get another good glimpse at reactions...
Yes you are right. Breaking my mind to play with Forex is proving to be harder than I thought. The way I draw my trendines have been good to me while trading equities, but this is no longer equities now is it...
I observe your reality but live my own.
  • #28,630
  • May 2, 2012 9:09am May 2, 2012 9:09am
Quoting Luis Carlos
If there is not surprises and that is a flat correction, if technically everything is perfect the correction should finish 1.3150 or 1.3157
Until now perfect retracement 1.3157. The problem I dont remember how I took that number, using fibo but remember. Let see if market can hold it.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,631
  • May 2, 2012 12:49pm May 2, 2012 12:49pm
Quoting Luis Carlos
Please Piptrapper where can i get this kind of toys?
Contact Bloomberg and they will be in touch with you to set up a demo. If you like it and you are okay with the price, then you pay monthly and you have "all" the same toys that bankers, dealers and brokers have at their fingertips. It's not cheap but if you make enough money from Forex, it is just a cost of doing business.

Click here > http://www.bloomberg.com/apps/feedback?site=sales

Note. I am still on demo. I have not decided if I want it yet.
Those who say it cannot be done should not interrupt those who are doing it
  • #28,632
  • May 2, 2012 12:50pm May 2, 2012 12:50pm
Quoting Luis Carlos
Until now perfect retracement 1.3157. The problem I dont remember how I took that number, using fibo but remember. Let see if market can hold it.
The target is between 1.3180 and 1.3220

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Those who say it cannot be done should not interrupt those who are doing it
  • #28,633
  • May 2, 2012 12:57pm May 2, 2012 12:57pm
Quoting PipTrapper
The target is between 1.3180 and 1.3220

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Dont tell me that :S. I got until the blue light line you have, 1.3180 -1.3203. But we still going down
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,634
  • May 2, 2012 12:58pm May 2, 2012 12:58pm
Quoting PipTrapper
Contact Bloomberg and they will be in touch with you to set up a demo. If you like it and you are okay with the price, then you pay monthly and you have "all" the same toys that bankers, dealers and brokers have at their fingertips. It's not cheap but if you make enough money from Forex, it is just a cost of doing business.

Click here > http://www.bloomberg.com/apps/feedback?site=sales

Note. I am still on demo. I have not decided if I want it yet.
I asked sometime, 3 years ago when I was beginnig in the forex world. It is expensive.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,635
  • May 2, 2012 12:59pm May 2, 2012 12:59pm
I did not move any line..
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,636
  • May 2, 2012 1:35pm May 2, 2012 1:35pm
Have a good night everybody. I'm packing it in.

First one home wins

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Those who say it cannot be done should not interrupt those who are doing it
  • #28,637
  • May 2, 2012 1:41pm May 2, 2012 1:41pm
Quoting PipTrapper
Have a good night everybody. I'm packing it in.

First one home wins

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take care, chat tomorrow, I am going to lunch
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #28,638
  • May 2, 2012 7:12pm May 2, 2012 7:12pm
Quoting PipTrapper
Have a good night everybody. I'm packing it in.

First one home wins

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Ha thanks for the laugh

Looking at ~1.306 mid term
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An opportunity lost is not a capital cost.
  • #28,639
  • Edited 7:56pm May 2, 2012 7:39pm | Edited 7:56pm
Intermediate trend holding so far even in Asia session, but it may break soon. I'm just so skeptical of Asia ever selling.

I took a couple week break from Forex but I am back. I had way too much going on in my life to have any motivation to trade.

Edit: trendline break + 1minute now in buy mode. no way we get to my stop... be on before london open, later
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An opportunity lost is not a capital cost.
  • #28,640
  • May 2, 2012 9:01pm May 2, 2012 9:01pm
All Set for Down.
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