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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #29,701
  • May 8, 2012 10:46am May 8, 2012 10:46am
Wow. What a rejection. I should have sold that spike. LOL

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Those who say it cannot be done should not interrupt those who are doing it
  • #29,702
  • May 8, 2012 10:47am May 8, 2012 10:47am
Quoting rekon67
excellent timing .... where to set tp?
3115/20 is good target for wave C

Actually scrap that. 3080/90 is more realistic
Those who say it cannot be done should not interrupt those who are doing it
  • #29,703
  • May 8, 2012 10:49am May 8, 2012 10:49am
Quoting PipTrapper
3115/20 is good target for wave C
my position spoiled with that spike both of the position closed with default 1.3025 tp. I am out will come back with a sale position
  • #29,704
  • May 8, 2012 10:51am May 8, 2012 10:51am
Sell limit at 1.3085
Those who say it cannot be done should not interrupt those who are doing it
  • #29,705
  • May 8, 2012 10:53am May 8, 2012 10:53am
Quoting PipTrapper
Wow. What a rejection. I should have sold that spike. LOL

Attachment
That spike could be wave C, the minimum I got is 1.3035
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,706
  • May 8, 2012 10:53am May 8, 2012 10:53am
Quoting rekon67
my position spoiled with that spike both of the position closed with default 1.3025 tp. I am out will come back with a sale position
wait.. look...

Quoting PipTrapper
3115/20 is good target for wave C

Actually scrap that. 3080/90 is more realistic
Those who say it cannot be done should not interrupt those who are doing it
  • #29,707
  • May 8, 2012 10:54am May 8, 2012 10:54am
Quoting PipTrapper
Sell limit at 1.3085
supported by chart.
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Click to Enlarge Name: EU.png Size: 25 KB
  • #29,708
  • May 8, 2012 10:55am May 8, 2012 10:55am
Quoting rekon67
supported by chart.


ADD: Adjusted limit order to 1.3079 just to make sure it doesn't miss by a pip fraction.
Those who say it cannot be done should not interrupt those who are doing it
  • #29,709
  • May 8, 2012 10:55am May 8, 2012 10:55am
Quoting PipTrapper
wait.. look...
nah i stopped harakiri few days ago .....
  • #29,710
  • May 8, 2012 10:55am May 8, 2012 10:55am
I hope the market has mercy with me
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,711
  • May 8, 2012 10:56am May 8, 2012 10:56am
Or is it just a shakeout?

ADD: I've added to shorts this with close stops on this one.
Student of the Markets
  • #29,712
  • May 8, 2012 10:59am May 8, 2012 10:59am
Quoting Luis Carlos
That spike could be wave C, the minimum I got is 1.3035
If that is wave C, then no gap filling this week
Those who say it cannot be done should not interrupt those who are doing it
  • #29,713
  • May 8, 2012 11:06am May 8, 2012 11:06am
If price continues above 1.3026, then I will be convinced there is something behind this.

Otherwise...
Student of the Markets
  • #29,714
  • May 8, 2012 11:10am May 8, 2012 11:10am
Quoting dchristi
If price continues above 1.3026, then I will be convinced there is something behind this.

Otherwise...
not good for holding a sale position around daily pivot level ... you should aim high for a good sale
  • #29,715
  • May 8, 2012 11:13am May 8, 2012 11:13am
Really Really dont like this I change all my tp to minimun. Maybe we go short soon...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,716
  • May 8, 2012 11:14am May 8, 2012 11:14am
Quoting PipTrapper
If that is wave C, then no gap filling this week
dont filled until who knows!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,717
  • May 8, 2012 11:14am May 8, 2012 11:14am
Quoting rekon67
not good for holding a sale position around daily pivot level ... you should aim high for a good sale
In these times it's always good to sell Eur..
69
  • #29,718
  • May 8, 2012 11:21am May 8, 2012 11:21am
Also I want to say that spike could be wave 1 of 5 you invalided that breaking first 1.2984
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #29,719
  • May 8, 2012 11:24am May 8, 2012 11:24am
To me, the time of day (end of day for many European traders), and more importantly WHERE the thrust ended, are indications that this MIGHT be a shakeout.

I could be wrong, and if so, I take a small loss. No problem.

But it's a good R/R trade IMO.
Student of the Markets
  • #29,720
  • May 8, 2012 11:30am May 8, 2012 11:30am
Quoting dchristi
To me, the time of day (end of day for many European traders), and more importantly WHERE the thrust ended, are indications that this MIGHT be a shakeout.

I could be wrong, and if so, I take a small loss. No problem.

But it's a good R/R trade IMO.
I'm in agreement with you, but since I am already sufficiently short, I'll hold out for a better short entry. If I don't get it on this wave, there will be others.
Those who say it cannot be done should not interrupt those who are doing it
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