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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #30,921
  • May 16, 2012 4:40am May 16, 2012 4:40am
Quoting greed
can you provide your chart please, i dont see no triangle forming with my brokerfeed
It's ranging realy - at this point it can go both ways with equal arguments..
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  • #30,922
  • May 16, 2012 4:45am May 16, 2012 4:45am
Quoting BFSGcapital
My spreads are insanely competitive right now. 1.3-1.8 average... too bad I have to move to a new brokerage
I get 0.x spreads most of the time... But My guess it's just hidden in so called Swiss market place's quotes that broker provides.. Result is that Broker brags with good spreads but shows wrong data on the charts..
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  • #30,923
  • May 16, 2012 4:47am May 16, 2012 4:47am
Seriously. I think my feed just went dead. Nothing is moving. How about you guys?
  • #30,924
  • May 16, 2012 4:49am May 16, 2012 4:49am
Quoting Likerty
I get 0.x spreads most of the time... But My guess it's just hidden in so called Swiss market place's quotes that broker provides.. Result is that Broker brags with good spreads but shows wrong data on the charts..
Wow. I dont have a VIP account or anything. But thats awesome. Just use different brokerage for charting. With less than 1 pip spread (no commissions of course), I would never get off Forex.

I would scalp constantly
An opportunity lost is not a capital cost.
  • #30,925
  • May 16, 2012 4:50am May 16, 2012 4:50am
Quoting FXSwissTrader
Seriously. I think my feed just went dead. Nothing is moving. How about you guys?
Nope still online. We are riding the 8EMA (1minute) right now.

I will short a 1.274 with tight stop
An opportunity lost is not a capital cost.
  • #30,926
  • May 16, 2012 4:53am May 16, 2012 4:53am
It's now starting to look ripe for a corrective move up. All the bad news that could possibly come out is already out. Of course there could also be something un-anticipated but that's not on the table right now and from a trader's perspective, I have to deal with what is in front of me.

So, I expect a correction, and not just today but possibly lasting the rest of the week and into next week. I expect this correction to be very cautious and choppy as sentiment is still very much risk off. The reason for the correction is strictly technical in nature. If it doesn't keep moving down and there is no further reason for it to move down, the obvious consequence is profit taking (Short covering / consolidation) or what ever you want to call it.

Anyway, this is long overdue now and I am speculating that now is the time. I could be wrong but that's all I got right now.

Sell limit orders waiting at 1.2950 and 1.3080

Time as always will tell.

E/U D1
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Those who say it cannot be done should not interrupt those who are doing it
  • #30,927
  • May 16, 2012 4:56am May 16, 2012 4:56am
Quoting BFSGcapital
Nope still online. We are riding the 8EMA (1minute) right now.

I will short a 1.274 with tight stop
Looks to be the high today.
  • #30,928
  • May 16, 2012 4:57am May 16, 2012 4:57am
Quoting PipTrapper
It's now starting to look ripe for a corrective move up. All the bad news that could possibly come out is already out. Of course there could also be something un-anticipated but that's not on the table right now and from a trader's perspective, I have to deal with what is in front of me.

So, I expect a correction, and not just today but possibly lasting the rest of the week and into next week. I expect this correction to be very cautious and choppy as sentiment is still very much risk off. The reason for the correction is strictly technical in...
Thanks PT
  • #30,929
  • May 16, 2012 5:00am May 16, 2012 5:00am
Quoting PipTrapper
It's now starting to look ripe for a corrective move up. All the bad news that could possibly come out is already out. Of course there could also be something un-anticipated but that's not on the table right now and from a trader's perspective, I have to deal with what is in front of me.

So, I expect a correction, and not just today but possibly lasting the rest of the week and into next week. I expect this correction to be very cautious and choppy as sentiment is still very much risk off. The reason for the correction is strictly technical in...
Does it mean that you covering all your shorts here? May be trying long?
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  • #30,930
  • May 16, 2012 5:05am May 16, 2012 5:05am
Quoting Likerty
Does it mean that you covering all your shorts here? May be trying long?
Nope. I'm still a Euro Bear. This puppy still has a long way down yet. The Spain problem hasn't even started yet and the new Greek gov after June 17 is going to be in a bigger mess than now.

I've already taken partial profits on my shorts. The rest of the lower ones are SL'd at BE

I only expect a correction and when it's over I will be loading up with fresh hefty short positions.

Side Note: M15 has finished painting an inverse H/S pattern and price is now at the neckline. A break above the neckline should send price to 1.2770/80 If it breaks and holds above the daily pivot, we'll be on our way as the first day to close higher this week.

E/U M15
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Those who say it cannot be done should not interrupt those who are doing it
  • #30,931
  • May 16, 2012 5:08am May 16, 2012 5:08am
...and with all that being said, I'm on holidays for a few hours.
Time for sun and fresh air.
Not much to see here right now, plus I need the break.

Trade safe
Those who say it cannot be done should not interrupt those who are doing it
  • #30,932
  • May 16, 2012 5:16am May 16, 2012 5:16am
Quoting BFSGcapital
Nope still online. We are riding the 8EMA (1minute) right now.

I will short a 1.274 with tight stop
bad trade stopped out for -6

PT might be right about the correction here
An opportunity lost is not a capital cost.
  • #30,933
  • May 16, 2012 5:16am May 16, 2012 5:16am
Quoting PipTrapper

I only expect a correction and when it's over I will be loading up with fresh hefty short positions.

E/U M15
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You dount play corrections?
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  • #30,934
  • May 16, 2012 5:19am May 16, 2012 5:19am
Quoting Likerty
You dount play corrections?
PT is the Game Maker ... where others stop thinking PT starts ... above of all little games he plays the big.
  • #30,935
  • May 16, 2012 5:21am May 16, 2012 5:21am
Quoting rekon67
PT is the Game Maker ... where others stop thinking PT starts ... above of all little games he plays the big.
You know what makes me sick? I was short at 1.63 in GBPUSD, literally 0.5 pip off the highs.

Didn't hold it long enough.

Also was short at 1.337 eurusd and did not hold it. I would trade those trades for all my scalps now

Thats why I want to start doing both.

I need to start playing the big game.
An opportunity lost is not a capital cost.
  • #30,936
  • May 16, 2012 5:22am May 16, 2012 5:22am
Quoting PipTrapper
...and with all that being said, I'm on holidays for a few hours.
Time for sun and fresh air.
Not much to see here right now, plus I need the break.

Trade safe
Enjoy your break
An opportunity lost is not a capital cost.
  • #30,937
  • May 16, 2012 5:24am May 16, 2012 5:24am
US Building permits in 5 minutes. should have got short again at 27465, its looking toppy
An opportunity lost is not a capital cost.
  • #30,938
  • May 16, 2012 5:44am May 16, 2012 5:44am
exhaustion scalp
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An opportunity lost is not a capital cost.
  • #30,939
  • May 16, 2012 5:56am May 16, 2012 5:56am
Quoting BFSGcapital
You know what makes me sick? I was short at 1.63 in GBPUSD, literally 0.5 pip off the highs.

Didn't hold it long enough.

Also was short at 1.337 eurusd and did not hold it. I would trade those trades for all my scalps now

Thats why I want to start doing both.

I need to start playing the big game.
you are too young brother sure you will hone your skills and most importantly the temperament for the big game
  • #30,940
  • May 16, 2012 6:03am May 16, 2012 6:03am
Quoting rekon67
you are too young brother sure you will hone your skills and most importantly the temperament for the big game
people tell me im too hard on myself for my age all the time. i guess i should start listening to them

looking like head and shoulders on 1m and 5m forming
An opportunity lost is not a capital cost.
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