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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #33,581
  • May 31, 2012 10:18am May 31, 2012 10:18am
Quoting PipTrapper
Took more partial profit off my E/J trade at 96.72

Now only 15% of the original lot size remaining. No TP or SL at this time.

Time to party. That was the best 1 week trade I did all year.
Great! Party on
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,582
  • May 31, 2012 10:18am May 31, 2012 10:18am
Quoting PipTrapper
Took more partial profit off my E/J trade at 96.72

Now only 15% of the original lot size remaining. No TP or SL at this time.

Time to party. That was the best 1 week trade I did all year.
You deserved it buddy. Great call. Thank you too.
  • #33,583
  • May 31, 2012 10:21am May 31, 2012 10:21am
Quoting PipTrapper
Where did you jump off?
I traded usd/chf in correlation with the eur/usd so I jumped off at 0.9700 (I believe eur/usd was at 1.238x) usd/chf is now at 0.9720+

edit: I tend to avoid trading the eur/usd directly as it has a higher margin requirement with the broker i use.
  • #33,584
  • May 31, 2012 10:22am May 31, 2012 10:22am
Euro hits new 23-mth low vs dlr,dlr index at new high

Thu, May 31 2012, 17:16 CET | Reuters


NEW YORK, May 31 (Reuters) - The euro fell to a fresh 23-month low versus the dollar on Thursday while the greenback hit a new 21-month high against a basket of currencies.
The dollar index .DXY reached a high of 83.215, the highest since early September 2010.
The euro fell to a low of $1.2335 EUR= , the lowest since the beginning of July 2010, according to Reuters data.

http://mediaserver.fxstreet.com/imag...er-logo-en.jpg
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Reuters. News flash, we got more to go!
  • #33,585
  • May 31, 2012 10:23am May 31, 2012 10:23am
Quoting FXSwissTrader
You deserved it buddy. Great call. Thank you too.
Thanks Bud. Glad you profited from it also.

That one trade all by itself was worth 5.6% of capital. It's been a great month. Let's see what June brings.

ADD: The balance of the trade is floating at another 1.65% of capital. Almost tempted to take it.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,586
  • Edited 10:43am May 31, 2012 10:23am | Edited 10:43am
Quoting PipTrapper
Took more partial profit off my E/J trade at 96.72

Now only 15% of the original lot size remaining. No TP or SL at this time.

Time to party. That was the best 1 week trade I did all year.

Salute to the MASTER
Attached Image
Bulls Run. Bears Bite. We Profit.
  • #33,587
  • May 31, 2012 10:26am May 31, 2012 10:26am
Quoting Harpe Eagle

Salute to MASTER

Patton. Best General EVER!
  • #33,588
  • May 31, 2012 10:28am May 31, 2012 10:28am
Quoting Luis Carlos
I dont know why I dont reenter on 1.24... Well I know, I should be a little more risky. I jump out my last short on 1.236 yesterday, I am in 1.2355 again, that was the confirmation to downtrends...
Why you keep picking bottoms Luis? You know PT's quote?
  • #33,589
  • May 31, 2012 10:28am May 31, 2012 10:28am
Quoting Dagoot
I traded usd/chf in correlation with the eur/usd so I jumped off at 0.9700 (I believe eur/usd was at 1.238x) usd/chf is now at 0.9720+

edit: I tend to avoid trading the eur/usd directly as it has a higher margin requirement with the broker i use.
You did well. Now that we're at Europe close, I don't expect much more heavy movement. NFP tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #33,590
  • May 31, 2012 10:29am May 31, 2012 10:29am
Quoting FXSwissTrader
Patton. Best General EVER!
Bulls Run. Bears Bite. We Profit.
  • #33,591
  • May 31, 2012 10:31am May 31, 2012 10:31am
Supports...
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,592
  • May 31, 2012 10:33am May 31, 2012 10:33am
Quoting FXSwissTrader
Why you keep picking bottoms Luis? You know PT's quote?
In that one I was not picking bottoms, I was trying to pick the high to short...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,593
  • May 31, 2012 10:36am May 31, 2012 10:36am
Quoting Luis Carlos
In that one I was not picking bottoms, I was trying to pick the high to short...
But you shorted near the bottom. If you were going to short at 1.2355, why wouldn't you short at 1.2400 or near the 50%-61.8% retracement from yesterday's H/L?
  • #33,594
  • May 31, 2012 10:44am May 31, 2012 10:44am
Quoting FXSwissTrader
But you shorted near the bottom. If you were going to short at 1.2355, why wouldn't you short at 1.2400 or near the 50%-61.8% retracement from yesterday's H/L?
Because for me that was the confirmation to go down. Exist some correction that could trick you and then rebound more higher to get low again, and I dont want to happen that. Besides my lows are 1.232, 1,224 and 1.219, so in my mind I am still in the money.

P.D.: What a yen killikg today I pity dont have any position right now :S

By the way, I shorted in the retest
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #33,595
  • May 31, 2012 10:45am May 31, 2012 10:45am
Divergence on H4 guys, careful
  • #33,596
  • May 31, 2012 10:48am May 31, 2012 10:48am
Quoting FXSwissTrader
But you shorted near the bottom. If you were going to short at 1.2355, why wouldn't you short at 1.2400 or near the 50%-61.8% retracement from yesterday's H/L?
1.18 is bottom,hmmmm 'May Be' or 'Lower'
Bulls Run. Bears Bite. We Profit.
  • #33,597
  • May 31, 2012 10:53am May 31, 2012 10:53am
Quoting Luis Carlos
Because for me that was the confirmation to go down. Exist some correction that could trick you and then rebound more higher to get low again, and I dont want to happen that. Besides my lows are 1.232, 1,224 and 1.219, so in my mind I am still in the money.

P.D.: What a yen killikg today I pity dont have any position right now :S

By the way, I shorted in the retest
We are all in agreement that PA will target your lows if not even lower, but you should never want to short a break of a trendline where PA is in uncharted territory. At least it's been so #@$# long since it's been there. Price also had to drop 75 pips just to break your trend line. I'm just sayin, you would give yourself higher % by shorting at retrace. Next possible intraday short, I would assume it to give you your best entry would be at the golden 61.8% fibo from today's H/L @ 1.2393. Just my opinion. Happy pips.
  • #33,598
  • May 31, 2012 10:54am May 31, 2012 10:54am
Quoting Harpe Eagle
1.18 is bottom,hmmmm 'May Be' or 'Lower'
According to weekly, it could be 1.1595

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Those who say it cannot be done should not interrupt those who are doing it
  • #33,599
  • May 31, 2012 10:56am May 31, 2012 10:56am
Quoting Harpe Eagle
1.18 is bottom,hmmmm 'May Be' or 'Lower'
Yep. If we measure the move from Jan low to Feb high and add that to the Jan low, it should put us around 1.17. That's my target and I believe same with PT.
  • #33,600
  • May 31, 2012 10:58am May 31, 2012 10:58am
Quoting FXSwissTrader
Yep. If we measure the move from Jan low to Feb high and add that to the Jan low, it should put us around 1.17. That's my target and I believe same with PT.
Quoting PipTrapper
According to weekly, it could be 1.1595

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Bulls Run. Bears Bite. We Profit.
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