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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #31,021
  • May 16, 2012 3:00pm May 16, 2012 3:00pm
German, Swiss, Austrian closed. Not a big dog to world markets. But ey btw. have a bm talk these days mister swisstrader? waere cool
  • #31,022
  • May 16, 2012 3:10pm May 16, 2012 3:10pm
Quoting iak_fx
German, Swiss, Austrian closed. Not a big dog to world markets. But ey btw. have a bm talk these days mister swisstrader? waere cool
Ich verstehe dich nicht.
  • #31,023
  • May 16, 2012 3:12pm May 16, 2012 3:12pm
Quoting halkins
Hi TP, hi everybody...
I think we're not finished yet with free falling.
It will be very important to see how today's DAILY BAR CLOSE looks like.
If we close the daily bar below today's open I will see more bears tomorrow morning.
I don't have much time for trading this week, but here's my quick 1H chart review on EU for next 4 sessions...
Definitely I will look for BUY near 1.26300 range.

Attachment
The most important thing for me now is the price behaviour on Asian session and then London opening...
Is this gonna break thru 1.27 ???
If this happens, how will the price react thereafter ???
It is a very strong support, and we have only 80pips left.
Probably tomorrow "the big boys" will place their multimillion orders right at or below this level to kill retail traders and to make a good bargain.
Well, we'll see, but all seems we will close today's daily bar on red.
-
Read Charts - Not Papers
  • #31,024
  • May 16, 2012 3:13pm May 16, 2012 3:13pm
Quoting FXSwissTrader


"The few who understand the system, will either be so interested from it's profits or so dependant on it's favors, that there will be no opposition from that class." — Rothschild Brothers of London, 1863

"Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild
“Some even believe we (the Rockefeller family) are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure – one world, if you will. If that's the charge, I stand guilty, and I am proud of it.”
- David Rockefeller
I have multiple personalities... Bull today Bear tomorrow!
  • #31,025
  • May 16, 2012 3:15pm May 16, 2012 3:15pm
Quoting PipTrapper
The answer is simple BvB. The powers have had much more time to dumb down the adults than they have had to dumb down a 12 year old
I have multiple personalities... Bull today Bear tomorrow!
  • #31,026
  • May 16, 2012 3:16pm May 16, 2012 3:16pm
Quoting halkins
The most important thing for me now is the price behaviour on Asian session and then London opening...
Is this gonna break thru 1.27 ???
If this happens, how will the price react thereafter ???
It is a very strong support, and we have only 80pips left.
Probably tomorrow "the big boys" will place their multimillion orders right at or below this level to kill retail traders and to make a good bargain.
Well, we'll see, but all seems we will close today's daily bar on red.
-

You're talking about short squeeze? I'm thinking we bounce off 1.26 or 1.2590.
  • #31,027
  • May 16, 2012 3:22pm May 16, 2012 3:22pm
Quoting halkins
It is a very strong support, and we have only 80pips left.
Probably tomorrow "the big boys" will place their multimillion orders right at or below this level to kill retail traders and to make a good bargain.
Well, we'll see, but all seems we will close today's daily bar on red.
-
Yep - its the problem with too obvious levels.. Price may never reach it or pierce it for a hundred pips. Either way its 50:50 probability and as always it ends with RR management and intraday price action..
69
  • #31,028
  • May 16, 2012 3:24pm May 16, 2012 3:24pm
Quoting FXSwissTrader
You're talking about short squeeze? I'm thinking we bounce off 1.26 or 1.2590.
Well, this is "the behaviour" I mentioned above.
Neither me or anybody else don't know exactly the level, though we all agree it will be this zone, probably a range of 30-50 pips close to 1.2620
Though I wouldn't be too quick with buying ALL-IN first thing in the morning.
I would even think it could consolidate till Monday...
Read Charts - Not Papers
  • #31,029
  • May 16, 2012 3:25pm May 16, 2012 3:25pm
Quoting Likerty
Yep - its the problem with too obvious levels.. Price may never reach it or pierce it for a hundred pips. Either way its 50:50 probability and as always it ends with RR management and intraday price action..

I'm with you on that. So close, but so far away.
  • #31,030
  • May 16, 2012 3:27pm May 16, 2012 3:27pm
Quoting halkins
Well, this is "the behaviour" I mentioned above.
Neither me or anybody else don't know exactly the level, though we all agree it will be this zone, probably a range of 30-50 pips close to 1.2620
Though I wouldn't be too quick with buying ALL-IN first thing in the morning.
I would even think it could consolidate till Monday...

It might be too obvious of a level for the squeeze to start IMO. Everybody and their mother is eyeing that level as the spot for a turnaround. Don't know if it will happen as scripted. Guess we'll see.
  • #31,031
  • May 16, 2012 3:30pm May 16, 2012 3:30pm
Quoting Likerty
Yep - its the problem with too obvious levels.. Price may never reach it or pierce it for a hundred pips. Either way its 50:50 probability and as always it ends with RR management and intraday price action..
No,,, I don't quite agree.
Bears have earned pretty good money so far.
They don't want to wipe out their gains and there will be loads of TAKE PROFIT orders at this level.
Triggering all those orders will push the price up, what will encourage optimistic bulls for further buying.
What we need is an impulse.
Only goddamn bad news can change it so far...
Read Charts - Not Papers
  • #31,032
  • May 16, 2012 3:41pm May 16, 2012 3:41pm
Quoting halkins
No,,, I don't quite agree.
Bears have earned pretty good money so far.
They don't want to wipe out their gains and there will be loads of TAKE PROFIT orders at this level.
Triggering all those orders will push the price up, what will encourage optimistic bulls for further buying.
What we need is an impulse.
Only goddamn bad news can change it so far...
Wasnt the same logic applied in January when Daily TL was pierced from both sides for a period of two weeks..? Many entries where f**ed up..
69
  • #31,033
  • May 16, 2012 3:48pm May 16, 2012 3:48pm
Quoting Likerty
Wasnt the same logic applied in January when Daily TL was pierced from both sides for a period of two weeks..? Many entries where f**ed up..
:-) Because it's fundamentals pushing the price up and down, while technicals set up where it's gonna happen...

Definitely we should see some PRICE ACTION,,,
I am not saying price will fly sky highs 1.3200, but it is a nice area for a correction of last week fall.
Read Charts - Not Papers
  • #31,034
  • May 16, 2012 5:47pm May 16, 2012 5:47pm
I'm honestly thinking if it's too obvious, then they will try 1.26 or 1.258ish

Which would be the lowest price since August 2010.
An opportunity lost is not a capital cost.
  • #31,035
  • May 16, 2012 6:08pm May 16, 2012 6:08pm
Quoting halkins
:-) Because it's fundamentals pushing the price up and down, while technicals set up where it's gonna happen...

Definitely we should see some PRICE ACTION,,,
I am not saying price will fly sky highs 1.3200, but it is a nice area for a correction of last week fall.
agree on the matter technically and fundamentally.
a probable drop end of this week to 1.262~1.263 area
  • #31,036
  • May 16, 2012 6:57pm May 16, 2012 6:57pm
If a doji forms today on the daily is it not then indicative of a change in the trend?
  • #31,037
  • May 16, 2012 7:41pm May 16, 2012 7:41pm
Quoting Unknownpips
If a doji forms today on the daily is it not then indicative of a change in the trend?
yes and todays candle is going to confirm it unless it also ended up as doji.
  • #31,038
  • May 16, 2012 7:50pm May 16, 2012 7:50pm
all you need to know is gold is holding support

gold and euro hit lows today at the same moment (1526.93 for gold on my mt4 euro 1.2680 oh and silver 26.75) no coincidence of course
An opportunity lost is not a capital cost.
  • #31,039
  • May 16, 2012 8:18pm May 16, 2012 8:18pm
Quoting BFSGcapital
all you need to know is gold is holding support

gold and euro hit lows today at the same moment (1526.93 for gold on my mt4 euro 1.2680 oh and silver 26.75) no coincidence of course
I see more like 666

end of the world lol
  • #31,040
  • May 16, 2012 8:23pm May 16, 2012 8:23pm
Inserted Video




Chart says all for my stubborn ass.

P.S. Harpe, I got the PM, just busy with my other business right now and the garden. I am out of all trades and waiting for a spot to re-enter this pig. You have done well my friend. You have shown that a newbie committed to learning how to trade will find success.
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