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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #31,481
  • May 20, 2012 3:20pm May 20, 2012 3:20pm
Quoting PipTrapper
I think you failed to read his entire message
sorry commander my mistake,hail piptrapper,glory to pip trapper,this mistake will not be repeated again.
Allah has permitted trade and has forbidden interest [koran]
  • #31,482
  • May 20, 2012 3:20pm May 20, 2012 3:20pm
Quoting HDA
Good Afternoon Traders


I've never been in this forum before


Just read all the info on the 1st page


Very Very Nice - Moderating at its best.


Congratulations PipTrapper


Keep Up The Good Work


Respectfully,
HDA
Good Afternoon and welcome HDA...You are on the right thread because of your humble and modest personality .... I am sure we all will learn from each others knowledge
Bulls Run. Bears Bite. We Profit.
  • #31,483
  • May 20, 2012 3:48pm May 20, 2012 3:48pm
I'm thinking due to the lack of "hopium" our correction won't go any more than 38.2 at roughly 1.29.

I personally have a hard time seeing it retrace back up to even the 50%.

Could you guys tell me if I have drawn my Fibonacci correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd fibonacci retracement.jpg Size: 216 KB
  • #31,484
  • May 20, 2012 3:55pm May 20, 2012 3:55pm
Quoting 100PipsADay
I'm thinking due to the lack of "hopium" our correction won't go any more than 38.2 at roughly 1.29.

I personally have a hard time seeing it retrace back up to even the 50%.

Could you guys tell me if I have drawn my Fibonacci correctly?


higher point should be 1.3080.
  • #31,485
  • May 20, 2012 3:57pm May 20, 2012 3:57pm
Quoting rekon67
higher point should be 1.3080.
thats mean its going down ?
i know we eventually will be together
  • #31,486
  • May 20, 2012 3:57pm May 20, 2012 3:57pm
Quoting CurrencyMan
i have read the rules and I will enjoy posting here and learning and sharing views.
Welcome CMan.
Looking forward to your contributions
Those who say it cannot be done should not interrupt those who are doing it
  • #31,487
  • May 20, 2012 3:57pm May 20, 2012 3:57pm
Quoting rekon67
higher point should be 1.3080.
Thank you Rekon. I'm still pretty new to all of this, especially with the technical side of things.

This would make the 61.8% retraction at 1.292? Sorry guys for my lack of knowledge!
  • #31,488
  • May 20, 2012 4:05pm May 20, 2012 4:05pm
Quoting 100PipsADay
Thank you Rekon. I'm still pretty new to all of this, especially with the technical side of things.

This would make the 61.8% retraction at 1.292? Sorry guys for my lack of knowledge!

All I can say this pair is now a days pretty much news driven, so apply technicals carefully, Am looking forward to see how Monday ends that would help me taking decision for rest of the days.
  • #31,489
  • May 20, 2012 4:06pm May 20, 2012 4:06pm
Quoting rekon67
All I can say this pair is now a days pretty much news driven, so apply technicals carefully, Am looking forward to see how Monday ends that would help me taking decision for rest of the days.
Got it!
  • #31,490
  • May 20, 2012 4:07pm May 20, 2012 4:07pm
Hi everyone, well its the beginning of a new trading week . i hope your pips come in.Rekon67 ,,,how are you friend.I probably wont be in room for a few days as i am doing some serious trading and teaching and i find i think(when i can ) better lol. I am in no trades yet as i have no set ups to work off. Last week i did well except for friday when i got battered lol but i was trying to sort something out, so i tested it.Happy trading guys and take care and watch the charts
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #31,491
  • May 20, 2012 4:12pm May 20, 2012 4:12pm
Quoting billytt
Hi everyone, well its the beginning of a new trading week . i hope your pips come in.Rekon67 ,,,how are you friend.I probably wont be in room for a few days as i am doing some serious trading and teaching and i find i think(when i can ) better lol. I am in no trades yet as i have no set ups to work off. Last week i did well except for friday when i got battered lol but i was trying to sort something out, so i tested it.Happy trading guys and take care and watch the charts
Thanks Bill, You are hard working now a days. Looking forward to see you.
  • #31,492
  • May 20, 2012 4:14pm May 20, 2012 4:14pm
Quoting Harpe Eagle
Good Afternoon and welcome HDA...You are on the right thread because of your humble and modest personality .... I am sure we all will learn from each others knowledge
@Harpe Eagle:

Thank You Kindly

Respectfully,
HDA
  • #31,493
  • May 20, 2012 4:24pm May 20, 2012 4:24pm
This set up indicates buy pressure, even if it downs to the indicated support it tends to come back for more up.

This is only a morning projection. All the day left for watching. Best of luck.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 43 KB
  • #31,494
  • May 20, 2012 4:30pm May 20, 2012 4:30pm
Quoting rekon67
higher point should be 1.3080.
Can you explain why??? If anything don't you mean 1.3065 (the peak from the last retracement off of 1.2955??

The only thing I do differently than his chart is place the two ends at the very tip of the wick (not the body)
An opportunity lost is not a capital cost.
  • #31,495
  • May 20, 2012 4:33pm May 20, 2012 4:33pm
Quoting rekon67
This set up indicates buy pressure, even if it downs to the indicated support it tends to come back for more up.

This is only a morning projection. All the day left for watching. Best of luck.
Would be nice to see a larger time frame, to see where those channels are coming from
An opportunity lost is not a capital cost.
  • #31,496
  • May 20, 2012 4:34pm May 20, 2012 4:34pm
Quoting BFSGcapital
Can you explain why??? If anything don't you mean 1.3065 (the peak from the last retracement off of 1.2955??

The only thing I do differently is place the two ends at the very tip of the wick (not the body)
I understand you could not find the point in your chart, because it lost due to a Gap.

Dont worry 1.3065 0r 1.3060 is also good.
  • #31,497
  • May 20, 2012 4:35pm May 20, 2012 4:35pm
Quoting BFSGcapital
Would be nice to see a larger time frame, to see where those channels are coming from
It is H4. Dont worry you will see some up today
  • #31,498
  • May 20, 2012 4:37pm May 20, 2012 4:37pm
Quoting rekon67
I understand you could not find the point in your chart, because it lost due to a Gap.

Dont worry 1.3065 0r 1.3060 is also good.
I still like using the entire move. Using that I am showing resistance at 23.6 retrace, to the number.

Here's what I got.
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart4.jpg Size: 263 KB
An opportunity lost is not a capital cost.
  • #31,499
  • May 20, 2012 4:38pm May 20, 2012 4:38pm
Quoting rekon67
It is H4. Dont worry you will see some up today
My bad!! I thought I only saw about 200 pip range on there That is the whole move alright

Oh yeah I think I meant the longer term channel, is that from 1.348 (leap year massacre)?
An opportunity lost is not a capital cost.
  • #31,500
  • May 20, 2012 4:39pm May 20, 2012 4:39pm
Quoting BFSGcapital
I still like using the entire move. Using that I am showing resistance at 23.6 retrace, to the number.

Here's what I got.
so the 100 % is around 1.3060 area?
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