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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #30,541
  • May 14, 2012 2:21pm May 14, 2012 2:21pm
Quoting PipTrapper
You read it correctly but your interpretation that it is conflicting is incorrect.

The Zyriza party supports an "all party" (except the Golden Dawn party) government but not a technocratic one.
Btw- If I understand the Gartley pattern correctly, is that a bullish Gartley forming on the hourly chart? Maybe even looks like a bullish crab developing.
  • #30,542
  • May 14, 2012 2:35pm May 14, 2012 2:35pm
The market had perfect landing in 1.2824, 0,746 fib retracement.
Attached Image (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #30,543
  • May 14, 2012 2:39pm May 14, 2012 2:39pm
Quoting FXSwissTrader
OK. So all three parties are in? Is this the only holdup? What about the demands re: the support of the austerity fiscal pact measures?
Don't know if all three parties are in.. and "in" what?

All we know is that the president is suggesting a technocratic government and Zyriza is saying "no way. We will not support a technocratic gov... we want an all party gov, excluding Golden Dawn"

That's all we got so far. Everything else you may have heard is pure supposition.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,544
  • May 14, 2012 2:41pm May 14, 2012 2:41pm
Quoting FXSwissTrader
Btw- If I understand the Gartley pattern correctly, is that a bullish Gartley forming on the hourly chart? Maybe even looks like a bullish crab developing.
Nope. I don't see any harmonic patterns on H1. All I see is a falling channel of descending shallow waves
Those who say it cannot be done should not interrupt those who are doing it
  • #30,545
  • May 14, 2012 2:45pm May 14, 2012 2:45pm
Quoting Luis Carlos
The market had perfect landing in 1.2824, 0,746 fib retracement.
Also the last ABC zigzag has a perfect A=C in the same spot 1.2824. I did not see the bottom yet, but to confirm bullish vias with need to break 1.2905...
Attached Image (click to enlarge)
Click to Enlarge Name: 14.05.12.4h.2.png Size: 54 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #30,546
  • May 14, 2012 2:45pm May 14, 2012 2:45pm
Quoting BFSGcapital
Pips or pipettes?

That's very impressive no matter how much leverage you were trading. Most people couldn't do that on a demo account.

This is a live account. But I only trade 10k lots (mini lots / $1/pip)


I just wish I knew where the bottom was with the EUR/USD as well as the AUD/USD... We are definitely in uncharted times! It's almost as if Technicals don't even matter in this market this past week! LOL
  • #30,547
  • May 14, 2012 3:05pm May 14, 2012 3:05pm
Quoting 100PipsADay
This is a live account. But I only trade 10k lots (mini lots / $1/pip)


I just wish I knew where the bottom was with the EUR/USD as well as the AUD/USD... We are definitely in uncharted times! It's almost as if Technicals don't even matter in this market this past week! LOL
I wouldn't be so quick to say that. Perhaps all the technicals you see are the ones that are pointing up or nowhere. I see them too, but I also see some technicals pointing further south... like this AB=CD harmonic pattern being formed right before our eyes on H4.

If it paints itself completely, then we are looking at a 1.2735 target, unless I'm hallucinating again (I do that sometimes)

Add: There are two rules I forgot to mention about an AB=CD pattern
1, The B-C retrace has to be between 38.2% and 61.8%
2. The time between A and B has to be the same as the time from C to D

So, in order for this to be a valid AB=CD pattern, price will have to drop to the D target by tomorrow at the latest.

The nice thing about an AB=CD pattern is that it is a very reliable signal so you can place your limit orders before it finishes painting itself. In this case a buy limit at D + market spread if your chart is priced in the Bid price.

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #30,548
  • May 14, 2012 3:12pm May 14, 2012 3:12pm
Quoting PipTrapper
I wouldn't be so quick to say that. Perhaps all the technicals you see are the ones that are pointing up or nowhere. I see them too, but I also see some technicals pointing further south... like this AB=CD harmonic pattern being formed right before our eyes on H4.

If it paints itself completely, then we are looking at a 1.2735 target, unless I'm hallucinating again (I do that sometimes)

Add: There are two rules I forgot to mention about an AB=CD pattern
1, The B-C retrace has to be between 38.2% and 61.8%
2. The time between A and B has to...
That is WXY too
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #30,549
  • May 14, 2012 3:13pm May 14, 2012 3:13pm
Quoting PipTrapper
I wouldn't be so quick to say that. Perhaps all the technicals you see are the ones that are pointing up or nowhere. I see them too, but I also see some technicals pointing further south... like this AB=CD harmonic pattern being formed right before our eyes on H4.

If it paints itself completely, then we are looking at a 1.2735 target, unless I'm hallucinating again (I do that sometimes)

Add: There are two rules I forgot to mention about an AB=CD pattern
1, The B-C retrace has to be between 38.2% and...

Interesting. I personally don't know much about Harmonic Patterns. I will have to do some reading.

I hope we don't get that low at this point... I would like to put in some shorts but I am hesitant to do so at this time.

Thanks for sharing PT.
  • #30,550
  • May 14, 2012 3:14pm May 14, 2012 3:14pm
Quoting 100PipsADay
Interesting. I hope we don't get that low at this point... I would like to put in some shorts but I am hesitant to do so at this time.
wise trader. Never sell at the bottom.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,551
  • May 14, 2012 3:17pm May 14, 2012 3:17pm
Quoting FXSwissTrader
Btw- If I understand the Gartley pattern correctly, is that a bullish Gartley forming on the hourly chart? Maybe even looks like a bullish crab developing.
The Euro bull's got crabs... that sounds about right.
Kill the ego, or it will kill the mission.
  • #30,552
  • May 14, 2012 3:28pm May 14, 2012 3:28pm
Quoting PipTrapper
Never sell at the bottom.

  • #30,553
  • May 14, 2012 3:29pm May 14, 2012 3:29pm
Quoting AaronWard
The Euro bull's got crabs... that sounds about right.
Hmmm they must have visited Paris

http://hollywooddame.com/wp-content/...-searching.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #30,554
  • May 14, 2012 3:39pm May 14, 2012 3:39pm
Quoting PipTrapper
Hmmm they must have visited Paris

http://hollywooddame.com/wp-content/...-searching.jpg

Can't stop LOL! Classic.
  • #30,555
  • May 14, 2012 3:41pm May 14, 2012 3:41pm
Here's where I imagine price may be going over the next day or so.

Just a guess, but why not?
Attached Image (click to enlarge)
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Student of the Markets
  • #30,556
  • May 14, 2012 3:43pm May 14, 2012 3:43pm
... and there we go. 1.2825 barrier is popped and toasted.

http://i.istockimg.com/file_thumbvie...of-toaster.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #30,557
  • May 14, 2012 3:43pm May 14, 2012 3:43pm
Moody’s cuts ratings on 26 Italian banks; outlook still negative

Mon, May 14 2012, 22:36 CET | Forex Live
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By: Jamie Coleman

1.2825 and 1.2800 barriers are still in play.
  • #30,558
  • May 14, 2012 3:49pm May 14, 2012 3:49pm
Quoting PipTrapper
... and there we go. 1.2825 barrier is popped and toasted.
...and TESTED. But will support hold???
Student of the Markets
  • #30,559
  • May 14, 2012 3:50pm May 14, 2012 3:50pm
Okay I'm done here.

Have a good night everyone.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,560
  • May 14, 2012 3:50pm May 14, 2012 3:50pm
Quoting PipTrapper
Okay I'm done here.

Have a good night everyone.
Me too. GN everyone.
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