EurAnalysis | Page 1617 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #32,321
  • May 25, 2012 12:24am May 25, 2012 12:24am
Quoting PipTrapper
Good morning everyone.

It's Fridayyyyyy. Yep Friday, and with the Euro more heavily net short than it was last Friday, it may be time for some short covering once again. In fact I've prepared for it by placing a sell limit order at 1.2640

Attachment
On your chart, what does FTL mean, Faster Than Light?
  • #32,322
  • Edited 12:40am May 25, 2012 12:30am | Edited 12:40am
Quoting PipTrapper
I told you they are reading our posts
PT,good morning, as per my intermediate term market profile chart market has found value in the range of 1.2690 to 1.2780 which is first standard deviation.i think market may play in the above range in coming weeks.i think the market will aim for the median of that range as its first target ie 1.2730.and if this price reaches 1.2790 i am really going to buy ur hammer and be ready for this sucker.again i may be wrong.i have some green pips but not a lot as i had reduce my position last night.but i am a grateful person and happy. by the way my balls are turning into balls of steel they are so hard now

this is andrew pitchfork on 4hr charrt suggesting a target of median line at 1.2690 to 720. if market break below 1.2515 then its all the way down to ur target of 1.2420 and u know i have my shot gun with silver bullet ready for this vampire sucker lol
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hourly chart.gif Size: 15 KB
Allah has permitted trade and has forbidden interest [koran]
  • #32,323
  • May 25, 2012 12:33am May 25, 2012 12:33am
Quoting PipTrapper
I guess in a way I do trade option.

I set a sell limit order at 1.2640. That means that until price reaches 1.2640 I have the option of cancelling it
Thats a good one
69
  • #32,324
  • May 25, 2012 12:45am May 25, 2012 12:45am
Quoting Roseman
On your chart, what does FTL mean, Faster Than Light?


Here's a short list of the abbreviations I use on my charts

FTL = Falling Trend Line
RTL = Rising Trend Line
FC = Falling Channel
RC = Rising Channel
FW = Falling Wedge
RW = Rising Wedge
FT = Falling Triangle
RT = Rising Triangle
BRF= Bear Flag
BUF = Bull Flag

.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,325
  • May 25, 2012 12:48am May 25, 2012 12:48am
Looking like bull flag here in E/U
An opportunity lost is not a capital cost.
  • #32,326
  • May 25, 2012 12:50am May 25, 2012 12:50am
Quoting drzakir123
this is andrew pitchfork on 4hr charrt suggesting a target of median line at 1.2690 to 720. if market break below 1.2515 then its all the way down to ur target of 1.2420 and u know i have my shot gun with silver bullet ready for this vampire sucker lol
Well then I see you are covered at both ends. Good way to go.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,327
  • May 25, 2012 12:52am May 25, 2012 12:52am
Morning folks,

Key levels in play today.

daily pp, resistance 1 and 2. Looking for it to climb to those areas on an increase in surge in wall street indicies, risk on mentality and short covering today. Without any news / surprises such as Juncker taking off his underpants and running about in Athens screaming the euro is doom / collasping, i think we might test those areas again.

Let's play

  • #32,328
  • May 25, 2012 12:54am May 25, 2012 12:54am
Quoting BFSGcapital
Looking like bull flag here in E/U
Yep. Come on 1.2640 Although I have a strong feeling this upswing is going to be truncated around 1.2615/20 area. Just a feeling. Still sticking with 1.2640 though as unless we get there, I'm not interested in adding a short.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,329
  • May 25, 2012 12:57am May 25, 2012 12:57am
Quoting PipTrapper
Yep. Come on 1.2640 Although I have a strong feeling this upswing is going to be truncated around 1.2615/20 area. Just a feeling. Still sticking with 1.2640 though as unless we get there, I'm not interested in adding a short.
Whats 20 pips to you?

1.2615/20 will probably cap it because of the 1000000 lots that went through at that level yesterday.
An opportunity lost is not a capital cost.
  • #32,330
  • May 25, 2012 12:59am May 25, 2012 12:59am
Iv got fooled by m15 pattern.. Now have two shorts underwater...Hmz..
Attached Image (click to enlarge)
Click to Enlarge Name: fooled by pattern.jpg Size: 160 KB
69
  • #32,331
  • May 25, 2012 1:00am May 25, 2012 1:00am
Quoting PipTrapper
Yep. Come on 1.2640 Although I have a strong feeling this upswing is going to be truncated around 1.2615/20 area. Just a feeling. Still sticking with 1.2640 though as unless we get there, I'm not interested in adding a short.
I think your 40 will hold for today (If I were to guess), then drop back to 2540 for reload and up to 2667 monday/tuesday-ish.

That's if I was a gambler luckily I won't be trading on this guesswork, I just need to entertain myself.
"Don't Panic..."
  • #32,332
  • May 25, 2012 1:02am May 25, 2012 1:02am
Quoting Likerty
Iv got fooled by m15 pattern.. Now have two shorts underwater...Hmz..
Yeah a few minutes after I saw that reversal I went long. That 15m candle was full red and turned into hammer in the last minute or two.

Closed another 1/4 of short at 2582.

Final two 1/4 targets at 1.2595 and 1.2615
An opportunity lost is not a capital cost.
  • #32,333
  • May 25, 2012 1:08am May 25, 2012 1:08am
Quoting Likerty
Iv got fooled by m15 pattern.. Now have two shorts underwater...Hmz..
Lol, closed my long position too early, got fooled by m15 also. Made a rookie mistake, shame on me.

I was eyeballing the 2593 (m30), 2571 was a soft one but PA made me worried so i went out and was looking to get back in in the lower level.
  • #32,334
  • May 25, 2012 1:09am May 25, 2012 1:09am
Quoting BFSGcapital
Yeah a few minutes after I saw that reversal I went long. That 15m candle was full red and turned into hammer in the last minute or two.

Closed another 1/4 of short at 2582.

Final two 1/4 targets at 1.2595 and 1.2615
Yea...2580'ties - is my last point of tollerance - there I see 200 ma's on M15, and 55 ma's on H1..
Next try at yesterdays highs
69
  • #32,335
  • May 25, 2012 1:13am May 25, 2012 1:13am
Can you guys believe this strength... I thought it would take more than a couple hours to retrace the whole move.

1/4 tp taken at 93.
An opportunity lost is not a capital cost.
  • #32,336
  • May 25, 2012 1:13am May 25, 2012 1:13am
PTet all, we all believe e/u will rise for a while(?)...
and you have short positions..

what allows you to keep them open, as opposed to closing them, and re entering at a more favourable time?


This i find really hard, its nearly impossible for me curently.. however i am trying like many others to learn the art of swing trading
so whats the secret...
thankshttp://www.forexfactory.com/images/icons/icon5.gif
If ask a silly question.. forgive me!i'm just confused again!
  • #32,337
  • May 25, 2012 1:17am May 25, 2012 1:17am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Likerty
Yea...2580'ties - is my last point of tollerance - there I see 200 ma's on M15, and 55 ma's on H1..
Next try at yesterdays highs
Today is a friday and anything can happen. All this morning rally has been happening without any special catalyst but hopium and crazy friday.

I see that only way for reasonable entries is to scalp and try to keep pants dry.
  • #32,338
  • May 25, 2012 1:17am May 25, 2012 1:17am
Quoting afos
PTet all, we all believe e/u will rise for a while(?)...
and you have short positions..

what allows you to keep them open, as opposed to closing them, and re entering at a more favourable time?


This i find really hard, its nearly impossible for me curently.. however i am trying like many others to learn the art of swing trading
so whats the secret...
thankshttp://www.forexfactory.com/images/icons/icon5.gif
Faith and confidence in your own analysis.

Self-doubt and arrogance will kill you in trading. You need to find that balance.
  • #32,339
  • May 25, 2012 1:19am May 25, 2012 1:19am
Screw it, closed last 1/4 at 95 as well. Not waiting for 2615 area. Market is so exhausted I almost want to short now
An opportunity lost is not a capital cost.
  • #32,340
  • May 25, 2012 1:21am May 25, 2012 1:21am
Quoting afos
PTet all, we all believe e/u will rise for a while(?)...
and you have short positions..

what allows you to keep them open, as opposed to closing them, and re entering at a more favourable time?


This i find really hard, its nearly impossible for me curently.. however i am trying like many others to learn the art of swing trading
so whats the secret...
thankshttp://www.forexfactory.com/images/icons/icon5.gif
Patience and a good understanding of market psychology.
Those who say it cannot be done should not interrupt those who are doing it
9 traders viewing now