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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #29,881
  • May 9, 2012 8:18am May 9, 2012 8:18am
Here is the big picture as I see it:
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Student of the Markets
  • #29,882
  • May 9, 2012 8:21am May 9, 2012 8:21am
Quoting traider
Todays moves have been largely messy...confused. Even the bigger moves have been charges at levels rather than systematic tripping of stops or liquid moves. Confusion reigns.
If you measure the move, the downtrend hit the -61.8% fib extension level from Yesterday's high-low. The 61.8% retracement hit yesterday before the downtrend resumed. If you subscribe to fib levels, one has to assume we would match the move today on the downtrend to 1.2930. Where we go from here? Maybe a retrace to the 1.2970 area?
  • #29,883
  • May 9, 2012 8:25am May 9, 2012 8:25am
Quoting PipTrapper
Nope. I won't buy this turd of a pair for any reason other than a complete resolution of the EZ debt crisis (or at least reasonable hope of a viable resolution)

I'm just a patient bear.

ADD: By the way, just in case you are wondering. I want an upward correction so I can sell into it.. No other reason.

Attachment
patient bear!

i should print this photo and hang it next to my computer


closed my shorts from 1.298X, gonna practice the way of the patient bear and re enter maybe after Asia?
  • #29,884
  • May 9, 2012 8:29am May 9, 2012 8:29am
Quoting FXSwissTrader
If you measure the move, the downtrend hit the -61.8% fib extension level from Yesterday's high-low. The 61.8% retracement hit yesterday before the downtrend resumed. If you subscribe to fib levels, one has to assume we would match the move today on the downtrend to 1.2930. Where we go from here? Maybe a retrace to the 1.2970 area?
I tend to assess moves through discretionary levels. I suspect there is very little liquidity in the fx market today as the levels have been fairly confused and light on stops. The bigger institutions are probably on the sidelines is all I can guess.
The road to pipland is arduous and fraught with challenge.
  • #29,885
  • May 9, 2012 9:06am May 9, 2012 9:06am
Quoting traider
I tend to assess moves through discretionary levels. I suspect there is very little liquidity in the fx market today as the levels have been fairly confused and light on stops. The bigger institutions are probably on the sidelines is all I can guess.
My guess is the bigger institutions are dumping stocks and buying bonds... at a controlled yet steady pace.
Those who say it cannot be done should not interrupt those who are doing it
  • #29,886
  • May 9, 2012 9:09am May 9, 2012 9:09am
Go baby, go.
  • #29,887
  • May 9, 2012 9:09am May 9, 2012 9:09am
Quoting traider
Todays moves have been largely messy...confused. Even the bigger moves have been charges at levels rather than systematic tripping of stops or liquid moves. Confusion reigns.


Wednesday, May 9, 2012 9:33:51 AM

9:32 AM EMU troubles may soon put the SNB and its 1.20 euro/franc floor to the test, the cross sinking as low as 1.2003 several times today. The floor has thus far been maintained with very little intervention by the central bank. A true rush of money into francs, however, would force the SNB to make good on its promise of printing "unlimited" amounts of currency. (Read the comments on this)
See more Market Currents on Global & FX
  • #29,888
  • May 9, 2012 9:15am May 9, 2012 9:15am
Bullish Butterfly. If this puppy keeps falling, it will be invalidated. Point of no return is 1.29.

A close below 1.29 invalidates the harmonic pattern and also toasts the reported 1.29 barrier.

E/U H1
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Those who say it cannot be done should not interrupt those who are doing it
  • #29,889
  • May 9, 2012 9:21am May 9, 2012 9:21am
Quoting PipTrapper
Bullish Butterfly. If this puppy keeps falling, it will be invalidated. Point of no return is 1.29.

A close below 1.29 invalidates the harmonic pattern and also toasts the reported 1.29 barrier.

E/U H1
Attachment
1.2910 - 66.66% of a years retracement
1.2897 - 161.8% of monday's candle
69
  • #29,890
  • May 9, 2012 9:21am May 9, 2012 9:21am
Quoting PipTrapper
Bullish Butterfly. If this puppy keeps falling, it will be invalidated. Point of no return is 1.29.

A close below 1.29 invalidates the harmonic pattern and also toasts the reported 1.29 barrier.

E/U H1
Attachment
Is that some MT4 plug-in drawing these harmonic patterns?
Read Charts - Not Papers
  • #29,891
  • May 9, 2012 9:34am May 9, 2012 9:34am
Quoting halkins
Is that some MT4 plug-in drawing these harmonic patterns?
Yep. Do you want a copy?

Here it is...
Attached File(s)
File Type: mq4 ZUP_v93.mq4   427 KB | 353 downloads
Those who say it cannot be done should not interrupt those who are doing it
  • #29,892
  • May 9, 2012 9:36am May 9, 2012 9:36am
Quoting Likerty
1.2910 - 66.66% of a years retracement
1.2897 - 161.8% of monday's candle
That's good, but I still won't buy this pair.

I hope it actually goes up though so I can fade it after it reaches exhaustion.
Those who say it cannot be done should not interrupt those who are doing it
  • #29,893
  • May 9, 2012 9:36am May 9, 2012 9:36am
Quoting halkins
Good MM ;-))))
Yeah... One of the most important thing in trading
Bulls Run. Bears Bite. We Profit.
  • #29,894
  • May 9, 2012 9:41am May 9, 2012 9:41am
Quoting Harpe Eagle
Yeah... One of the most important thing in trading
You should be very proud of your accomplishments Harpy... very proud

For those of you who don't know Harpy, he is a newbie. Seven months ago he knew absolutely nothing other than how to turn on his computer. Now he's raking in mega pips.

Round of applause for mind blowing progress
Those who say it cannot be done should not interrupt those who are doing it
  • #29,895
  • May 9, 2012 9:57am May 9, 2012 9:57am
Attached Image (click to enlarge)
Click to Enlarge Name: currencymatrix.gif Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: bonds.gif Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: stocks.gif Size: 50 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #29,896
  • May 9, 2012 10:02am May 9, 2012 10:02am
Quoting PipTrapper
You should be very proud of your accomplishments Harpy... very proud

For those of you who don't know Harpy, he is a newbie. Seven months ago he knew absolutely nothing other than how to turn on his computer. Now he's raking in mega pips.

Round of applause for mind blowing progress
If I have to thanks someone other then ALLAH (GOD) then surely my mentor (PT)....Those all mega pips are because of PipTrapper known as 'PT' , so PT deserve round of applause ...
He is right I was no where 7 , 8 months ago when I PM him and he was the first one who honestly helped me and improved my trading skill after him there are many EurAnalysis members from whom I learned a lot and still learning ....
Thats why I say this is the far best thread for learning and improving your fundamentals/trading skills
Not a bad idea , on weekend we all should share our trading stories that how we entered this forex market ... What you guys say...?
Bulls Run. Bears Bite. We Profit.
  • #29,897
  • May 9, 2012 10:06am May 9, 2012 10:06am
Harpe is good.
  • #29,898
  • May 9, 2012 10:12am May 9, 2012 10:12am
Quoting rekon67
Harpe is good.
Really buddy
Thanks and you are too good
Bulls Run. Bears Bite. We Profit.
  • #29,899
  • May 9, 2012 10:13am May 9, 2012 10:13am
buy running at 1.2918 .. target 1.2970 ... 1, 1.3000 2 expiry by tomorrow.
  • #29,900
  • May 9, 2012 10:22am May 9, 2012 10:22am
Quoting PipTrapper
Yep. Do you want a copy?

Here it is... Attachment
Got it...
Thanks a lot.
Read Charts - Not Papers
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