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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,301
  • Jun 4, 2012 11:02am Jun 4, 2012 11:02am
so on the H1 TF, we get a doji candle showing some indecision at these levels ... hmmmm Loooks like no one is winning so far .. more watching to do I guess
  • #34,302
  • Jun 4, 2012 11:04am Jun 4, 2012 11:04am
Quoting FXSwissTrader
I have upper downtrend line at 1.2512 and this is also where MML +2 overshoot is located on hourly. You also have major resistance around 1.2520 area and is also where the 23.6 % fib retrace of May H/L downtrend. IMo, can't go wrong with entries between 1.2510-1.2520 area.

But now I am thinking to short here...
Bulls Run. Bears Bite. We Profit.
  • #34,303
  • Jun 4, 2012 11:06am Jun 4, 2012 11:06am
Danske Bank - We expect the ECB to deliver a 25bp rate cut on Wednesday

Mon, Jun 04 2012, 18:03 CET | Interbank Talk
source: Danske Bank


"We expect the current turmoil to continue and see further downside risks in EUR/USD, EUR/GBP. Hence, we still like to sell on up-ticks. The only thing that seems to be able to change the game right now is a policy response and until then things are only likely to get even worse. Therefore, focus this week will be on the series of central bank meetings. We expect the ECB to deliver a 25bp rate cut on Wednesday and the Fed to increasingly consider further stimulus (i.e. the probability of QE3 has risen significantly). Ben Bernanke's testimony before Congress on Thursday could give us a signal of a near term FED response." Morten Helt, Senior Analyst at Danske Bank
  • #34,304
  • Jun 4, 2012 11:08am Jun 4, 2012 11:08am
Quoting Harpe Eagle

But now I am thinking to short here...
Be patient.
  • #34,305
  • Jun 4, 2012 11:08am Jun 4, 2012 11:08am
Quoting Harpe Eagle
WOW awesome videos ....The red bull guy was a fecking pro....Dont wana do that one but I also want to do the first one , bungee jumping and scuba diving....ONE DAY I WILL
  • #34,306
  • Jun 4, 2012 11:10am Jun 4, 2012 11:10am
Quoting Luis Carlos
I am not using SL with shorts in euro right now. That is a good resistance.
i wouldn't do that...
  • #34,307
  • Jun 4, 2012 11:14am Jun 4, 2012 11:14am
Quoting FXSwissTrader
Be patient.
Yes still waiting but its looks like a double top in H1...
Bulls Run. Bears Bite. We Profit.
  • #34,308
  • Jun 4, 2012 11:17am Jun 4, 2012 11:17am
Quoting Luis Carlos
I am not using SL with shorts in euro right now. That is a good resistance.
I hope you are using good MM....

Quoting pkimnyc
i wouldn't do that...
Yes eu is in a down trend but no one knows when it can change trend....So very risky not to use sl...
Bulls Run. Bears Bite. We Profit.
  • #34,309
  • Jun 4, 2012 11:20am Jun 4, 2012 11:20am
Quoting halkins
Yeahhhhh....
Are you really sure?


http://www.youtube.com/watch?v=9R2MhDxpIjM
Haha..lol nice one...
Bulls Run. Bears Bite. We Profit.
  • #34,310
  • Jun 4, 2012 11:25am Jun 4, 2012 11:25am
Quoting Harpe Eagle
I hope you are using good MM....



Yes eu is in a down trend but no one knows when it can change trend....So very risky not to use sl...
Yep even I have a stop loss. 1.3751 (BE)
Those who say it cannot be done should not interrupt those who are doing it
  • #34,311
  • Jun 4, 2012 11:29am Jun 4, 2012 11:29am
it is important to use sl, and target projection on every trade. you gotta know what you're risking vs. reward.
  • #34,312
  • Jun 4, 2012 11:32am Jun 4, 2012 11:32am
Quoting PipTrapper
Yep even I have a stop loss. 1.3751 (BE)
Excellent you are learning very fast ....You are the master bro....
Bulls Run. Bears Bite. We Profit.
  • #34,313
  • Jun 4, 2012 11:33am Jun 4, 2012 11:33am
Quoting pkimnyc
it is important to use sl, and target projection on every trade. you gotta know what you're risking vs. reward.
Hmmmm well said
Bulls Run. Bears Bite. We Profit.
  • #34,314
  • Jun 4, 2012 11:41am Jun 4, 2012 11:41am
Quoting Pip_Warrior
Hey Tedge, not harsh at all. My entry was 2490, my S/L is just above 2510 resistance and my exit is 2453. However, with you mre experienced traders getting into this, I wanted t know what you guys think. I know enough to spot profi and manage any loss. But I want to maximize my profit and minimize my loss by learning from you guys experience. Thanks for your honesty, this is not a game but a buisness!
  • #34,315
  • Jun 4, 2012 11:43am Jun 4, 2012 11:43am
Quoting FXSwissTrader
Danske Bank - We expect the ECB to deliver a 25bp rate cut on Wednesday

Mon, Jun 04 2012, 18:03 CET | Interbank Talk
source: Danske Bank


"We expect the current turmoil to continue and see further downside risks in EUR/USD, EUR/GBP. Hence, we still like to sell on up-ticks. The only thing that seems to be able to change the game right now is a policy response and until then things are only likely to get even worse. Therefore, focus this week will be on the series of central bank meetings. [b]We...
That speculation I like
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,316
  • Jun 4, 2012 11:43am Jun 4, 2012 11:43am
PT I have a question for you. Why is your SL so far away.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #34,317
  • Jun 4, 2012 11:48am Jun 4, 2012 11:48am
Quoting Harpe Eagle
I hope you are using good MM....



Yes eu is in a down trend but no one knows when it can change trend....So very risky not to use sl...
I dont wanna use it right now, just that
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,318
  • Jun 4, 2012 11:52am Jun 4, 2012 11:52am
Quoting hjs69
PT I have a question for you. Why is your SL so far away.
Because I have many shorts built up since 1.4647 which I have already taken most of the profit from and allowing a fraction of the original lot size to ride.

My SL is at break even of the remaining trade volume. I do not plan of waiting until price reaches the SL to close them. I will close them when PA and sentiment tell me that we have a confirmed reversal. The SL is in place in case of a catastrophic event.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,319
  • Jun 4, 2012 11:55am Jun 4, 2012 11:55am
Quoting FXSwissTrader
News flash: Merkel is FOR burden sharing of financial sector. Be careful in this thin market, we may be going back up.
Yes, but I first saw that news about 16 hours ago... It may be "more official" now...but it was hitting the wires during early mid-asian session.

also, I think there is such a confluence of technical reasons to hold resistance here around 2500, and also with a relatively "low liquidity" impulse move up to 2500... the odds of price moving to 2540 before it moves ot 2460 I think is extremely low.

And, just as many are speculating that the EU will lower the CB interest rate by 0.25% on wednesday.... and until that meeting resolves this rumor one way or the other, i still think the larger players may not be looking to get short... but at least around 2500, they won't be looking to cover much or get long.

Consider we've moved up 220 pips since the U.S. session started on Friday... AND this is a lower liquidity day over all.... yea. I thik a move down to 2460 is a slam dunk myself.

X
  • #34,320
  • Jun 4, 2012 11:56am Jun 4, 2012 11:56am
Quoting PipTrapper
Because I have many shorts built up since 1.4647 which I have already taken most of the profit from and allowing a fraction of the original lot size to ride.

My SL is at break even of the remaining trade volume. I do not plan of waiting until price reaches the SL to close them. I will close them when PA and sentiment tell me that we have a confirmed reversal. The SL is in place in case of a catastrophic event.
was JUST gonna ask about why you would allow 2K+ pip move against you before you stopped!?! lol

but now it makes sense. nice short btw
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