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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #32,101
  • May 24, 2012 2:38am May 24, 2012 2:38am
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Those who say it cannot be done should not interrupt those who are doing it
  • #32,102
  • May 24, 2012 2:39am May 24, 2012 2:39am
managed to get a ticket for another train, hopefully it will go way south
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  • #32,103
  • May 24, 2012 2:41am May 24, 2012 2:41am
Quoting Chika Kure
managed to get a ticket for another train, hopefully it will go way south
excellent... enjoy the ride
Those who say it cannot be done should not interrupt those who are doing it
  • #32,104
  • May 24, 2012 2:41am May 24, 2012 2:41am

You are right, PT. When market is oversold, hopium tend to buy at low but profession continued on selling because it is bearish. In the end, hopium get uneasy and closed position. It happened to me in the past.
  • #32,105
  • May 24, 2012 2:44am May 24, 2012 2:44am
Quoting PipTrapper
excellent... enjoy the ride
PT thats two great entries in two days (2585 for me today on euro and the EJ trade the other day). this is looking so heavy, is 1.2525 still your target area? or are you holding this one for a while?

also a 5m hammer here but i dont know how much thats going to matter.
An opportunity lost is not a capital cost.
  • #32,106
  • May 24, 2012 2:46am May 24, 2012 2:46am
usd/chf approaching critical resistance 0.9594 ( or what was the exact high in 08 Jan???) So both E/U and U/C are about a dozen pips from important levels - maybe it's worth to try long?
69
  • #32,107
  • May 24, 2012 2:52am May 24, 2012 2:52am
Quoting Likerty
usd/chf approaching critical resistance 0.9594 ( or what was the exact high in 08 Jan???) So both E/U and U/C are about a dozen pips from important levels - maybe it's worth to try long?
Frankly I don't think it's worth to try anything. However, I'm with the trend and sentiment on this one... so short it is.

When fundamentals are strong:
- In an up trend, there is no resistance
- In a down trend there is no support

Support and resistance are only decision points:
1. Price goes from A to B
2. Decides if it should reverse or keep going
3. Price either goes to C or back to A
Those who say it cannot be done should not interrupt those who are doing it
  • #32,108
  • May 24, 2012 2:54am May 24, 2012 2:54am
I see the target will accelerate to 1.2480 or at least 1.2530 at the upper site
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  • #32,109
  • May 24, 2012 2:59am May 24, 2012 2:59am
Quoting BFSGcapital
PT thats two great entries in two days (2585 for me today on euro and the EJ trade the other day). this is looking so heavy, is 1.2525 still your target area? or are you holding this one for a while?

also a 5m hammer here but i dont know how much thats going to matter.
1.2525 is "a" target... One of many to come by the looks of it. Ultimately, my target is 1.1752

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Those who say it cannot be done should not interrupt those who are doing it
  • #32,110
  • May 24, 2012 3:01am May 24, 2012 3:01am
All 3 news RED
  • #32,111
  • May 24, 2012 3:01am May 24, 2012 3:01am
here is goes to 1.2480
  • #32,112
  • May 24, 2012 3:03am May 24, 2012 3:03am
Quoting Daniel80
I see the target will accelerate to 1.2480 or at least 1.2530 at the upper site
There are barrier options at 1.2525 and 1.2500
Below that are supposedly a cluster of exotic options which tend to be magnetic to price.
Therefore I am in agreement with 1.2480 as a high possibility
Those who say it cannot be done should not interrupt those who are doing it
  • #32,113
  • May 24, 2012 3:04am May 24, 2012 3:04am
G/M all. Looks like we didn't get much of a bounce. I was hoping to get filled at the 1.2630 level (61.8% retrace of recent drop). For those that got filled near the 1.26 level, congrats. It hit the 38.2% level. Looks like a very volatile day with so many fundies being release. I'm gonna sit and watch. Too risky getting in now. Don't mind being conservative. GL to everyone today.
  • #32,114
  • May 24, 2012 3:05am May 24, 2012 3:05am
Quoting Chika Kure
All 3 news RED

Quoting Daniel80
here is goes to 1.2480
Yep. What a disaster...

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Those who say it cannot be done should not interrupt those who are doing it
  • #32,115
  • May 24, 2012 3:07am May 24, 2012 3:07am
Quoting FXSwissTrader
G/M all. Looks like we didn't get much of a bounce. I was hoping to get filled at the 1.2630 level (61.8% retrace of recent drop). For those that got filled near the 1.26 level, congrats. It hit the 38.2% level. Looks like a very volatile day with so many fundies being release. I'm gonna sit and watch. Too risky getting in now. Don't mind being conservative. GL to everyone today.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,116
  • May 24, 2012 3:10am May 24, 2012 3:10am
Cute eh?
I am patiently waiting for gold to smash trough Daily pivot at ~1553, then bellow 1551.50... and then basically to test yesterdays lows.

Another scenario is so much hated BE trade, but that is also acceptable
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  • #32,117
  • May 24, 2012 3:10am May 24, 2012 3:10am
Quoting PipTrapper
. Sometimes being too conservative sucks. I was only going to get back in if we at least got to the golden retracement (61.8%). Oh well. GL bud.

E/J still falling off the cliff!
  • #32,118
  • May 24, 2012 3:12am May 24, 2012 3:12am
Profession sell into high, hopium buy up. Don't be another hopium. Think...and take note of it.
  • #32,119
  • May 24, 2012 3:12am May 24, 2012 3:12am
in the next 4hrs idk if there will move movement till the US session. magnetically it may move to as said target of 1.2480 basis area.

next 20min will probably make a pull back due to GBP news which may come out positive to 1.2550 before movement to the pull down level 1.2480 area if it break what PT said the extreme resistance of 1.2500
  • #32,120
  • May 24, 2012 3:15am May 24, 2012 3:15am
Quoting FXSwissTrader
. Sometimes being too conservative sucks. I was only going to get back in if we at least got to the golden retracement (61.8%). Oh well. GL bud.

E/J still falling off the cliff!
Until the BOJ comes out screaming "INTERVENTION", the JPY will keep gaining. We are heading into summer now as May comes to a close, so things should settle down until corporate earnings season in July. They we see what happens.

Anyway, regardless, I will be out of the E/J short when it reaches my Target of 98.90
Those who say it cannot be done should not interrupt those who are doing it
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