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EurAnalysis Kindergarten 24 replies

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  • #29,341
  • May 7, 2012 11:09am May 7, 2012 11:09am
Quoting rekon67
i'm not able to see price going higher above 1.3080 today.. so if your position can breath till that point then better let it go ... but try closing it at 1.2990 area if returns tomorrow. imo.
Thanks Rekon, may I ask why you suggest a close at 1.2990 if it returns tomorrow?
Do what you are afraid to do -Emerson
  • #29,342
  • May 7, 2012 11:28am May 7, 2012 11:28am
Quoting Pip_Warrior
Thanks Rekon, may I ask why you suggest a close at 1.2990 if it returns tomorrow?
intraday resistance is at 3050.if daily close above that i will prefer to long until 3161.
Gold Expedition Return This Year: -16.4%
  • #29,343
  • May 7, 2012 11:37am May 7, 2012 11:37am
Quoting Pip_Warrior
Thanks Rekon, may I ask why you suggest a close at 1.2990 if it returns tomorrow?
still think max 1.3080 and gap close. here are levels where i think price will return back. imo.
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  • #29,344
  • May 7, 2012 11:43am May 7, 2012 11:43am
1. H1 Bearish HD on MacD indicator
2. RSX overbought
3. 38.2% fibo level at 1.3080
4. Broken rising channel support retest at approx 1.3080
5. 55 period moving average at approx 1.3080
6. Fill the Gap at approx 1.3080

So two possibilities here

1. Reversal to retest the lows or form leg A-B of an ABC correction.
2. Stop hunt to 1.3120 (50% fibo, 100ema & falling trend line)

E/U H1
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Those who say it cannot be done should not interrupt those who are doing it
  • #29,345
  • May 7, 2012 11:44am May 7, 2012 11:44am
Quoting rekon67
still think max 1.3080 and gap close. here are levels where i think price will return back. imo.
Yes, it is for me too. I hope to close my long at 1.307
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,346
  • May 7, 2012 11:47am May 7, 2012 11:47am
Dont hit me, but 1.30 it has not been broken yet.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,347
  • May 7, 2012 11:48am May 7, 2012 11:48am
D1 resistance 1.3076 .... Let see how it reacts..
Bulls Run. Bears Bite. We Profit.
  • #29,348
  • May 7, 2012 11:48am May 7, 2012 11:48am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Perhaps my H4 chart can offer you some additional assistance.

1. Notice the rising channel (RC-1) broken support waiting to be re-tested.
2. Notice the falling trend line (FTL-1) waiting to be tested
3. Notice the top of the gap waiting to be filled.
4. With no major change in market sentiment, the bears are still in control and the above 3 points are areas where the majority will be waiting to short this sucker.

There are two risks you have to keep in mind.
1. Risk of a change in market sentiment from bearish to bullish.
2. Risk of a...
PT,
Todays move was just a bounce back for last week. I predict we take a one more dive at this week before going up:
1. Market effect on elections didn't hit yet - we see movement tomorrow once london opens. Investors are still quite shaky which would mean they don't want to take risks.
2. Greeks can't get government together in three days - If they can't they don't have a negotiating party with IMF and others -> Down we go.
  • #29,349
  • May 7, 2012 11:49am May 7, 2012 11:49am
am i only 1 looking for bullish?

happy trading guys n good luck.
Gold Expedition Return This Year: -16.4%
  • #29,350
  • May 7, 2012 11:50am May 7, 2012 11:50am
Quoting Harpe Eagle
D1 resistance 1.3076 .... Let see how it reacts..
thx for reminding placing a pending sale
  • #29,351
  • May 7, 2012 11:51am May 7, 2012 11:51am
Quoting budak baru
am i only 1 looking for bullish?

happy trading guys n good luck.
.. you try pulling the price more high .. we will be there to short it
  • #29,352
  • May 7, 2012 11:53am May 7, 2012 11:53am
Quoting Luis Carlos
Dont hit me, but 1.30 it has not been broken yet.
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  • #29,353
  • May 7, 2012 11:53am May 7, 2012 11:53am
Quoting rekon67
thx for reminding placing a pending sale
Yes, I will put entry sell there too
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,354
  • May 7, 2012 11:53am May 7, 2012 11:53am
Quoting rekon67
thx for reminding placing a pending sale
Quoting rekon67
.. you try pulling the price more high .. we will be there to short it
Bulls Run. Bears Bite. We Profit.
  • #29,355
  • May 7, 2012 11:53am May 7, 2012 11:53am
Quoting AFXFin
PT,
Todays move was just a bounce back for last week. I predict we take a one more dive at this week before going up:
1. Market effect on elections didn't hit yet - we see movement tomorrow once london opens. Investors are still quite shaky which would mean they don't want to take risks.
2. Greeks can't get government together in three days - If they can't they don't have a negotiating party with IMF and others -> Down we go.
Precisely and thank you for posting your view also
Those who say it cannot be done should not interrupt those who are doing it
  • #29,356
  • May 7, 2012 11:55am May 7, 2012 11:55am
Quoting rekon67
.. you try pulling the price more high .. we will be there to short it
I'm ready and waiting

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Those who say it cannot be done should not interrupt those who are doing it
  • #29,357
  • May 7, 2012 11:58am May 7, 2012 11:58am
Quoting Luis Carlos
Dont hit me, but 1.30 it has not been broken yet.
That is correct. We have a break but it failed to hold and there was no daily confirmation. We need another attempt.
Those who say it cannot be done should not interrupt those who are doing it
  • #29,358
  • May 7, 2012 12:00pm May 7, 2012 12:00pm
Quoting budak baru
am i only 1 looking for bullish?

happy trading guys n good luck.
Are you making bullish calls because you have a trade underwater and you are trying to rescue it, or do you have a fundamental reason for being bullish?

The technicals are telling me that there is an excellent short opportunity at (or ahead of) 1.3080 with excellent risk/reward ratio.
Those who say it cannot be done should not interrupt those who are doing it
  • #29,359
  • May 7, 2012 12:04pm May 7, 2012 12:04pm
Quoting PipTrapper
Are you making bullish calls because you have a trade underwater and you are trying to rescue it, or do you have a fundamental reason for being bullish?

The technicals are telling me that there is an excellent short opportunity at 1.3080 with excellent risk/reward ratio.
ive gave u my technical analysis.no worries we will see later.profit and loss are different story.

i trade what i see at my chart and not what people say.
Gold Expedition Return This Year: -16.4%
  • #29,360
  • May 7, 2012 12:05pm May 7, 2012 12:05pm
Quoting budak baru
ive gave u my technical analysis.no worries we will see later.profit and loss are different story.

i trade what i see at my chart and not what people say.
Okay good plan
Those who say it cannot be done should not interrupt those who are doing it
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