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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,181
  • Jun 3, 2012 1:15pm Jun 3, 2012 1:15pm
Quoting PipTrapper
Well then obviously you are one of the good docs

Would you agree that the best cure for anxiety is non-competitive sport?
yes ur right but again one dont want to take out anxiety and stress completly,a little stress an anxiety is good for healthy living.its become troublesome when out of control otherwise these are normal defensive mechanisms one has to deal with uncertainty in life.
when u say non-competitive sport may i take it for love making PT.by the way, i play chess for relaxing.lol
Allah has permitted trade and has forbidden interest [koran]
  • #34,182
  • Jun 3, 2012 1:31pm Jun 3, 2012 1:31pm
Quoting drzakir123
yes ur right but again one dont want to take out anxiety and stress completly,a little stress an anxiety is good for healthy living.its become troublesome when out of control otherwise these are normal defensive mechanisms one has to deal with uncertainty in life.
when u say non-competitive sport may i take it for love making PT.by the way, i play chess for relaxing.lol
True about needing a bit of stress to keep you on your toes. Being too laid back and relaxed could get one in deep kaka.

As for non-competitive sports, I was referring to swimming, hiking, horse riding, weight training and yes, the horizontal boogie
Those who say it cannot be done should not interrupt those who are doing it
  • #34,183
  • Jun 3, 2012 1:49pm Jun 3, 2012 1:49pm
Quoting PipTrapper
True about needing a bit of stress to keep you on your toes. Being too laid back and relaxed could get one in deep kaka.

As for non-competitive sports, I was referring to swimming, hiking, horse riding, weight training and yes, the horizontal boogie
here it goes like this,

To have sex while in a horizontal position.
You can do it in a bed
You can do it on a sled
You can do it on the bar
You can do it in your car
You can do it on the floor
You can do it with a whore
You can do it in the living room
And do it in the den
You can do it in the kitchen
Then do it all again
You can do it over here
You can do it over there
You can do it with your honey
Almost anywhere
Hey babe, wanna boogie?
Do the horizontal boogie with me!

add:i apologise if any one find it rude or crude or not to thier taste.
Allah has permitted trade and has forbidden interest [koran]
  • #34,184
  • Jun 3, 2012 2:00pm Jun 3, 2012 2:00pm
haha! Great stuff guys. Great opportunities to short if there is not a gap guys...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,185
  • Jun 3, 2012 2:19pm Jun 3, 2012 2:19pm
I don't think is the right moment to short this market...First I'll see how Asia react to post NFP PA, then I'm looking as my previous post to wait for a small retrace to 1.2360 and enter with long, SL 1.2280, tp 1.2620.

forexBOOM
  • #34,186
  • Jun 3, 2012 3:12pm Jun 3, 2012 3:12pm
Looks like we'll have a little retrace down......PT and Luis; you guys like it to fully (100%) retrace the gap down?
  • #34,187
  • Jun 3, 2012 3:12pm Jun 3, 2012 3:12pm
Quoting quidproquo
Looks like we'll have a little retrace down......PT and Luis; you guys like it to fully (100%) retrace the gap down?
I meant a "gap down"
  • #34,188
  • Jun 3, 2012 3:16pm Jun 3, 2012 3:16pm
Quoting quidproquo
I meant a "gap down"
Continuation gaps don't always get filled. It is the reversal gaps that get filled.

The trend is down so if we get a gap down, the chances of filling it are a coin toss (50/50).
Those who say it cannot be done should not interrupt those who are doing it
  • #34,189
  • Jun 3, 2012 3:20pm Jun 3, 2012 3:20pm
Quoting PipTrapper
Continuation gaps don't always get filled. It is the reversal gaps that get filled.

The trend is down so if we get a gap down, the chances of filling it are a coin toss (50/50).
I'm glad I asked....first time I've heard that before....interesting
  • #34,190
  • Jun 3, 2012 3:25pm Jun 3, 2012 3:25pm
Quoting quidproquo
I'm glad I asked....first time I've heard that before....interesting
Well obviously at some point the down gap (if we get one) will get filled because we have had a sustained sharp downtrend without a correction, but we don't know when it will happen. Could be within the hour, within the day, week, month or year
Those who say it cannot be done should not interrupt those who are doing it
  • #34,191
  • Jun 3, 2012 3:30pm Jun 3, 2012 3:30pm
Quoting quidproquo
I'm glad I asked....first time I've heard that before....interesting
Some reading for you

Playing The Gap

To Fill or Not to Fill

When someone says that a gap has been "filled," that means that the price has moved back to the original pre-gap level. These fills are quite common and occur because of the following:

Irrational Exuberance: The initial spike may have been overly optimistic or pessimistic, therefore inviting a correction.

Technical Resistance: When a price moves up or down sharply, it doesn't leave behind any support or resistance.

Price Pattern: Price patterns are used to classify gaps, and can tell you if a gap will be filled or not. Exhaustion gaps are typically the most likely to be filled because they signal the end of a price trend, while continuation and breakaway gaps are significantly less likely to be filled, since they are used to confirm the direction of the current trend.

When gaps are filled within the same trading day on which they occur, this is referred to as fading. For example, let's say a company announces great earnings per share for this quarter, and it gaps up at open (meaning it opened significantly higher than its previous close). Now let's say that, as the day progresses, people realize that the cash flow statement shows some weaknesses, so they start selling. Eventually, the price hits yesterday's close, and the gap is filled. Many day traders use this strategy during earnings season or at other times when irrational exuberance is at a high.

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Those who say it cannot be done should not interrupt those who are doing it
  • #34,192
  • Jun 3, 2012 3:31pm Jun 3, 2012 3:31pm
I will short for scalping (50-80pips) I need my wave C, ANC correction. If this a big FLAT correction we could get 1.23 before return. Just keep in mind that possibility.. PERFECT W in minute chart
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,193
  • Jun 3, 2012 3:48pm Jun 3, 2012 3:48pm
Hi Carlos
I just started reading EW (as recommended by Smilemiz). Can you please post your chart so I can compare it against what I am reading now? is it possible?

Quoting Luis Carlos
I will short for scalping (50-80pips) I need my wave C, ANC correction. If this a big FLAT correction we could get 1.23 before return. Just keep in mind that possibility.. PERFECT W in minute chart
  • #34,194
  • Jun 3, 2012 3:53pm Jun 3, 2012 3:53pm
Quoting RMiranda
Hi Carlos
I just started reading EW (as recommended by Smilemiz). Can you please post your chart so I can compare it against what I am reading now? is it possible?
Claro Raul/Roberto? What timeframe do you prefer?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,195
  • Jun 3, 2012 4:04pm Jun 3, 2012 4:04pm
Gracias, I am Roberto and I am doing it on 1H. C wave will takes us to completion of W5 right? after that we should see a change in the direction?

Quoting Luis Carlos
Claro Raul/Roberto? What timeframe do you prefer?
  • #34,196
  • Jun 3, 2012 4:15pm Jun 3, 2012 4:15pm
Here is the daily DX chart

As you can see, price has managed 3 daily closes above the 61.8% fibo level of 82.77 which is looking like good support so far. However, due to the lousy NFP report as evidenced by the bearish candle (which looks almost pinbar-ish) we shall have to wait until we get a bullish engulfing to confirm upward continuation.

A bullish confirmation will set my sights on the 78.6% fibo level at 85.47 area before a correction back down to current levels.

Alternatively, on break of the 61.8% downwards, there are two possible bounce points in sight. The lowest one is the 50% fibo support at the 80.88 level. However, I would be more inclined to target the confirmed 81.95 resistance turned support which would correlate nicely with the E/U 1.2620 area.

DX Daily
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Just so you see the bigger picture, here is the weekly chart...

DX Weekly
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Those who say it cannot be done should not interrupt those who are doing it
  • #34,197
  • Jun 3, 2012 4:16pm Jun 3, 2012 4:16pm
Quoting FXSwissTrader
Great job last week 100pip. If you are an intraday trader, you should set targets and TP appropriately so you don't let greed get into the equation. Maybe even consider trailing SL in case a position moves against you. I hate giving back pips.

You should also look into GBP/USD. As I noted, Citigroup, Deutsche bank and JPMorgan are all stating that they expect BOE to expand QE this coming week after bad PMI. Keep a watch out to see if this comes to fruition. GBP in my opinion is still overvalued and I am personally selling rallies on...
Thanks for the heads up Swiss. If you don't mind me asking, what are your targets for new entry points on the G/U and what is the reasoning behind them?

By the way, I hate giving Pips back too!!!!
  • #34,198
  • Jun 3, 2012 4:18pm Jun 3, 2012 4:18pm
Quoting RMiranda
Gracias, I am Roberto and I am doing it on 1H. C wave will takes us to completion of W5 right? after that we should see a change in the direction?
This 8h chart I posted today.

http://www.forexfactory.com/showthre...60#post5723760

I think you are taking the impulse from 1.228 to 1.246 as wave, but I dont like too much that view. To trade with EW you need to look all possibles paths and then to go confirming which one is validated or not and others things also. I will you what I am talking about wave C
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,199
  • Jun 3, 2012 4:23pm Jun 3, 2012 4:23pm
Gracias!!!! ") I ll check it. It is hard to understand the theory without real live examples. This helps me a lot.

Quoting Luis Carlos
This 8h chart I posted today.

http://www.forexfactory.com/showthre...60#post5723760

I think you are taking the impulse from 1.228 to 1.246 as wave, but I dont like too much that view. To trade with EW you need to look all possibles paths and then to go confirming which one is validated or not and others things also. I will you what I am talking about wave C
  • #34,200
  • Jun 3, 2012 4:27pm Jun 3, 2012 4:27pm
Quoting Luis Carlos
This 8h chart I posted today.

http://www.forexfactory.com/showthre...60#post5723760

I think you are taking the impulse from 1.228 to 1.246 as wave, but I dont like too much that view. To trade with EW you need to look all possibles paths and then to go confirming which one is validated or not and others things also. I will you what I am talking about wave C
Look this 3 paths:

1. Red one. The correction is finished so we going just down. This count is invalidated if we break 1.246

2. Yellow one. Looking a ABC correction (A) (B) is done and we are in the wave C. This path iis invalidated if we break 1.238.

3. White one. This a like more. We got (A) and Now we are doing (B) and inside that (B) doing C, that is what I am looking for. That path is invalidated if we break 1.2447, at least wave B is not done because wave B is the most tricky wave in EW.

Keep working.
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Stocktwit: LuisCarlos - twitter: @lcparodi
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