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EurAnalysis

  • #34,021
  • Jun 1, 2012 10:12am Jun 1, 2012 10:12am
Quoting PipTrapper
200ma on M15
100ma on M20
55ma on H1
50% fibo of today's hi/lo

... and daily pivot.

Lots of confluence.

Anyway, it just broke. Now 1.2350
You have 1.2350??? I have a low of 1.23594
I observe your reality but live my own.
  • #34,022
  • Jun 1, 2012 10:18am Jun 1, 2012 10:18am
Still waiting for one more low to get long
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,023
  • Jun 1, 2012 10:23am Jun 1, 2012 10:23am
Quoting Cgb
You have 1.2350??? I have a low of 1.23594
No I meant the next key level is 1.2350
Those who say it cannot be done should not interrupt those who are doing it
  • #34,024
  • Jun 1, 2012 10:26am Jun 1, 2012 10:26am
Quoting Luis Carlos
Still waiting for one more low to get long
FIB on the long hour candle gave a retrace to the 78.6% (or 23.6% if you turn the FIB around) and now above daily pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun01_1123.gif Size: 91 KB
I observe your reality but live my own.
  • #34,025
  • Jun 1, 2012 10:27am Jun 1, 2012 10:27am
Quoting PipTrapper
The markets are really messed up. Didn't even get my 1.2500 retrace. Oh well, I guess we'll see what happens Monday.

Nobody wants the Euro any more and no matter how crappy the USD is, they still seem to love it.

Such is life

http://3.bp.blogspot.com/-XCM72MEyTh...g_of_money.png
Relax, until now numbers give me 1.282/8 forecast. In the next week will know better
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,026
  • Jun 1, 2012 10:28am Jun 1, 2012 10:28am
Quoting PipTrapper
No I meant the next key level is 1.2350
Oh, okay
I observe your reality but live my own.
  • #34,027
  • Jun 1, 2012 10:29am Jun 1, 2012 10:29am
Okay so it kind of worked out the way I figured. I say kind of because on a bad number I was calling for a rally up to 1.25 and then down from there. Instead we got loads of indecision followed by a BOJ intervention or something else that caused the Yen pairs to shoot up, then finished off by a fade out to flat.

Obviously this market is not behaving rationally.

Now we may still see 1.25, but not the way I envisioned it which completely throws off my strategy. I'll now have to rethink it all over again on the weekend.

The daily candle is starting to look doji-ish right now. However, that could change after Europe closes and we may get some more bullish action.

Let's see.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,028
  • Jun 1, 2012 10:37am Jun 1, 2012 10:37am
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #34,029
  • Jun 1, 2012 10:38am Jun 1, 2012 10:38am
Quoting Cgb
FIB on the long hour candle gave a retrace to the 78.6% (or 23.6% if you turn the FIB around) and now above daily pivot.
I got the fib from the low 1.229
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,030
  • Jun 1, 2012 10:39am Jun 1, 2012 10:39am
Obama will be speaking at 17:10 GMT
Probably about the jobs report as usual

That should be USD bearish
Those who say it cannot be done should not interrupt those who are doing it
  • #34,031
  • Jun 1, 2012 10:40am Jun 1, 2012 10:40am
Quoting PipTrapper
Okay so it kind of worked out the way I figured. I say kind of because on a bad number I was calling for a rally up to 1.25 and then down from there. Instead we got loads of indecision followed by a BOJ intervention or something else that caused the Yen pairs to shoot up, then finished off by a fade out to flat.

Obviously this market is not behaving rationally.

Now we may still see 1.25, but not the way I envisioned it which completely throws off my strategy. I'll now have to rethink it all over again on the weekend.

The daily candle...
We expect a full report on the new strategy before the markets re-open Sunday night. In triplicate and all copies signed
I observe your reality but live my own.
  • #34,032
  • Jun 1, 2012 10:42am Jun 1, 2012 10:42am
Quoting Luis Carlos
I got the fib from the low 1.229
Me too

E/U M15
Attached Image (click to enlarge)
Click to Enlarge Name: eu-m15.gif Size: 43 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #34,033
  • Jun 1, 2012 10:46am Jun 1, 2012 10:46am
Quoting Luis Carlos
I got the fib from the low 1.229
On my 15M chart, so do I. I just wanted to see where the retrace on the hourly would be based last candle (after the initial knee jerk reaction to the NFP numbers).

ADD: Round number resistance now in play at 1.24000
I observe your reality but live my own.
  • #34,034
  • Jun 1, 2012 10:47am Jun 1, 2012 10:47am
Quoting Cgb
We expect a full report on the new strategy before the markets re-open Sunday night. In triplicate and all copies signed
haha don't worry, you'll get it in triplicate alright... the invoice that is

http://www.theinternetprinter.com.au...plicate(1).jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #34,035
  • Jun 1, 2012 10:50am Jun 1, 2012 10:50am
Quoting PipTrapper
haha don't worry, you'll get it in triplicate alright... the invoice that is

http://www.theinternetprinter.com.au...plicate(1).jpg
LOL!

You're advise of worth it's weight in gold, I'd gladly pay any invoice you send me for Forex advise!
I observe your reality but live my own.
  • #34,036
  • Jun 1, 2012 10:53am Jun 1, 2012 10:53am
Quoting PipTrapper
Obama will be speaking at 17:10 GMT
Probably about the jobs report as usual

That should be USD bearish
Nothing comes good out of that teleprompter.
  • #34,037
  • Jun 1, 2012 11:00am Jun 1, 2012 11:00am
Quoting Cgb
LOL!

You're advise of worth it's weight in gold, I'd gladly pay any invoice you send me for Forex advise!
Well with the new Canadian tax rules, you could use all the write-offs you can get

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #34,038
  • Jun 1, 2012 11:03am Jun 1, 2012 11:03am
A close and confirmation above 1.2424 will help your previous prediction of seeing 1.2500/25 ... Last hour closed above 1.24000 round number, let see if it holds and continues up.

I am long 1.2385 with TP at PT's target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun01_1201.gif Size: 92 KB
I observe your reality but live my own.
  • #34,039
  • Jun 1, 2012 11:04am Jun 1, 2012 11:04am
Quoting Cgb
A close and confirmation above 1.2424 will help your previous prediction of seeing 1.2500/25 ... Last hour closed above 1.24000 round number, let see if it holds and continues up.

I am long 1.2385 with TP at PT's target.
Cool. Hopefully O'Bummer helps it along when he comes on in an hour.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,040
  • Jun 1, 2012 11:05am Jun 1, 2012 11:05am
Quoting PipTrapper
Well with the new Canadian tax rules, you could use all the write-offs you can get

Attachment
Where the hevck do you get all of these! LOL!
I observe your reality but live my own.
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