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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,301
  • May 30, 2012 10:17am May 30, 2012 10:17am
New low @ 1.23816
  • #33,302
  • May 30, 2012 10:22am May 30, 2012 10:22am
looks like 1.23939 become resis now (looks like,check 5min tf)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,303
  • May 30, 2012 10:23am May 30, 2012 10:23am
Quoting changbachang
looks like 1.23939 become resis now (looks like,check 5min tf)
bu she neh
If there was easy money lying around,no one would be forcing it into your
  • #33,304
  • May 30, 2012 10:30am May 30, 2012 10:30am
Almost there. 1.2235 Come on baby... Make me smile

I know... not today, but soon.

E/U H4
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 51 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #33,305
  • May 30, 2012 10:30am May 30, 2012 10:30am
Hi,

If you work with support and resistance system.

Look this flashback (may 2010, the last low) with next low at 1.212 and 1.1875 in sight.

My TP are at 1.1875 (all) and the next step is 1.5 (i assume).


Have fun.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_201205.PNG Size: 187 KB
  • #33,306
  • May 30, 2012 10:35am May 30, 2012 10:35am
Quoting PipTrapper
Almost there. 1.2235 Come on baby... Make me smile

I know... not today, but soon.

E/U H4
Attachment
I'm thinking NFP will get us to the promise land.
  • #33,307
  • May 30, 2012 10:53am May 30, 2012 10:53am
cool bear spike
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #33,308
  • May 30, 2012 10:58am May 30, 2012 10:58am
Hell hath frozen over

I can't believe Dudley the Dove actually reiterated that Easing is not needed and the costs if QE outweigh the benefits.

Look out USDX.... Continuing skyward...
  • #33,309
  • May 30, 2012 11:00am May 30, 2012 11:00am
Quoting Wulfgar
Hell hath frozen over

I can't believe Dudley the Dove actually reiterated that Easing is not needed and the costs if QE outweigh the benefits.

Look out USDX.... Continuing skyward...
I'm calling 85 on USDX
Those who say it cannot be done should not interrupt those who are doing it
  • #33,310
  • May 30, 2012 11:02am May 30, 2012 11:02am
Quoting FXSwissTrader
I'm thinking NFP will get us to the promise land.
I don't think it's gonna matter what NFP comes out at.
If it's bad, it's risk off anyway
If it's good, it's USD bullish.

Either way, make way for King Dollar
Those who say it cannot be done should not interrupt those who are doing it
  • #33,311
  • May 30, 2012 11:04am May 30, 2012 11:04am
Quoting Wulfgar
Hell hath frozen over

I can't believe Dudley the Dove actually reiterated that Easing is not needed and the costs if QE outweigh the benefits.

Look out USDX.... Continuing skyward...
For whatever reason, they've all sounded pretty bullish lately from what I can tell.
  • #33,312
  • May 30, 2012 11:04am May 30, 2012 11:04am
I know I've posted this chart many times over the last 6 months, but I like looking at it

E/U Monthly
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mn.gif Size: 21 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #33,313
  • May 30, 2012 11:05am May 30, 2012 11:05am
Quoting changbachang
cool bear spike
hey babe
  • #33,314
  • May 30, 2012 11:06am May 30, 2012 11:06am
Quoting PipTrapper
I don't think it's gonna matter what NFP comes out at.
If it's bad, it's risk off anyway
If it's good, it's USD bullish.

Either way, make way for King Dollar
I'm thinking the same way. It'll just push the dollar faster to your 1.2210 target, unless we get there before Friday, then we'll probably get to your 1.1750 target.
  • #33,315
  • May 30, 2012 11:09am May 30, 2012 11:09am
Waking up to 1.24 handle popped.

I thought for sure we would retest 1.25 again. Now looking at a 900 pip drop in 1 month, yikes.

Looks like targeting 1.23 to finally retrace. There has only been 5 other monthly bars with this much of a Euro drop.

I honestly hate when markets move straight down, as every time I chase markets on momentum, instead of to wait for a retrace and then go short, we get our retrace.

Except for this time. Chasing momentum would have worked as a good entry. Too close to technical support now to try a short.

Retrace to 2510 seems optimistic now.



Also look at all of those euros flowing into gold and not U.S. dollars. This really makes me happy to see as I did not know how the metals would hold up with Euro so weak.

1530 is the mother support for gold, if 1530 goes, I think we are looking at 1460, and below that, 1300, IMO.
An opportunity lost is not a capital cost.
  • #33,316
  • May 30, 2012 11:15am May 30, 2012 11:15am
Quoting PipTrapper
Almost there. 1.2235 Come on baby... Make me smile

I know... not today, but soon.

E/U H4
Attachment
Have been meaning to ask you.

Where did you get that Fibonacci indicator with all the additional levels?

Can you share with us pretty please
An opportunity lost is not a capital cost.
  • #33,317
  • May 30, 2012 11:20am May 30, 2012 11:20am
Quoting BFSGcapital
Have been meaning to ask you.

Where did you get that Fibonacci indicator with all the additional levels?

Can you share with us pretty please
Go to the Fibonacci properties and add the levels.

Attached Image


The %$ in the description displays the price.

.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,318
  • May 30, 2012 11:25am May 30, 2012 11:25am
Quoting PipTrapper
Go to the Fibonacci properties and add the levels.

Attachment

The %$ in the description displays the price.

.
Thank you.

Also was curious, do you ever make any day trades? Or is pretty much everything held over night?
An opportunity lost is not a capital cost.
  • #33,319
  • May 30, 2012 11:28am May 30, 2012 11:28am
Quoting BFSGcapital
Thank you.

Also was curious, do you ever make any day trades? Or is pretty much everything held over night?
I do occasionally but I do it with the intention of holding it and just happen to close the same day coz I don't like the PA.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,320
  • May 30, 2012 11:31am May 30, 2012 11:31am
According to official sources, a new currency will be printed for Spain and Greece.

Icht iz called zee Zeuro und vill be afailable zoon
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
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