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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,381
  • Jun 4, 2012 7:45pm Jun 4, 2012 7:45pm
this pair MIGHT go up to 1.2570, careful guys
  • #34,382
  • Jun 4, 2012 7:47pm Jun 4, 2012 7:47pm
Quoting BFSGcapital
Could be a fakeout, like it was past 1.28

Always keep old trendlines on your chart, that is something new I learned this year. They still act as great resist/support

Have a great day all. My targets are 1.257, 1.262 and 1.267, and I will try a short at all of those spots depending on price action, assuming fundies haven't changed.

Edit: Sorry all the exhaustion lines on this chart are set for lower time frames, I know it's a right mess. That's why there is so many so close together. Doesn't look that bad on a 15m or 5m chart, the lines are way...
totally agree with you, that's why i said I'm looking for 1.26 so i can short from there.
I'll NEVER go long in a downtrend market
  • #34,383
  • Jun 4, 2012 7:55pm Jun 4, 2012 7:55pm
eur/usd now in R1(1.2540)... so we may sell from here up to Pivot at 1.2463
  • #34,384
  • Jun 4, 2012 8:04pm Jun 4, 2012 8:04pm
Quoting kibrul
eur/usd now in R1(1.2540)... so we may sell from here up to Pivot at 1.2463
im showing R1 at 2573, actually kind of funny how my targets end up being the daily resistance levels (are they that obvious?)

one more chart here, showing the importance of channel lines, as it never ceases to amaze me.

eurusd-1hr
Attached Image (click to enlarge)
Click to Enlarge Name: eurchartttt.jpg Size: 151 KB
An opportunity lost is not a capital cost.
  • #34,385
  • Jun 4, 2012 8:21pm Jun 4, 2012 8:21pm
I'm also showing 1.2573 as R1.

EJ short at 98.20

Upward movement is exhausted in 5M, 15M, 30M, 1H, & 4H time frames.
  • #34,386
  • Jun 4, 2012 8:36pm Jun 4, 2012 8:36pm
Quoting 100PipsADay
I'm also showing 1.2573 as R1.

EJ short at 98.20

Upward movement is exhausted in 5M, 15M, 30M, 1H, & 4H time frames.
this thing could go up, it's acting almost the same as eurusd right now. scalped some pips and closed my shorts.
Maybe the 98.7 could be a nice short
  • #34,387
  • Jun 4, 2012 8:38pm Jun 4, 2012 8:38pm
Quoting mka_78
this thing could go up, it's acting almost the same as eurusd right now. scalped some pips and closed my shorts
I understand. I normally hold my trades from a day up to a few weeks.

SL: 166
TP: 277
  • #34,388
  • Jun 4, 2012 8:46pm Jun 4, 2012 8:46pm
Quoting neuron
pull back on DXY, next support @ 82.28?
not liking that head and shoulders.. not one little bit

although really, i want the dollar to crash, so PMs go back up. It doesn't matter to us what the value of currencies are, we just profit from the exchange rate changes

although i hope it takes us a few more years...

and i hope we are still able to trade in a few years time when the great deflation finally picks up speed... (if Bernanke ever lets it)
An opportunity lost is not a capital cost.
  • #34,389
  • Jun 4, 2012 9:05pm Jun 4, 2012 9:05pm
Quoting BFSGcapital
not liking that head and shoulders.. not one little bit

and i hope we are still able to trade in a few years time when the great deflation finally picks up speed... (if Bernanke ever lets it)
I'm on the other side of the coin here BFSG, i'm long from around 2529.... and since we reentered the range frome 2495-2624, particularly the way we did it... i'm thinkjing we'll have very little prblem moving up to 2570... from there, not so sure, but 2620ish is my bet that we hit it in th next 24 hours.

And as far as the great deflation... I am actually making plans right now for a short bond trade that I plan to retire on It will happen eventually, and if deflation kicks in high gear, the millions one could make shorting bonds will be worth just that much more....

X
  • #34,390
  • Jun 4, 2012 9:34pm Jun 4, 2012 9:34pm
i was away last few days and i tried logging on my mt4 charts which was unsuccessful on two laptops. So i tried creating a new account and still no success....
does anyone know how to fix or had this problem before...
thanks
G
Wooooohooooo or Boooooohooooo
  • #34,391
  • Jun 4, 2012 9:36pm Jun 4, 2012 9:36pm
Quoting gnomoneey
i was away last few days and i tried logging on my mt4 charts which was unsuccessful on two laptops. So i tried creating a new account and still no success....
does anyone know how to fix or had this problem before...
thanks
G
re-install mt4.
  • #34,392
  • Jun 4, 2012 10:20pm Jun 4, 2012 10:20pm
Quoting pkimnyc
re-install mt4.
this.

a few brokers have recently updated MT4 to a newer version. for some reason my LiveUpdate didn't work and I had to manually re install from my brokers website.
  • #34,393
  • Jun 4, 2012 10:56pm Jun 4, 2012 10:56pm
Right now I am expecting a retracement between fib 0,5 and 0,618...I will glad if US session has a good reversal to close the daily candle below the trenline.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.06.12.png Size: 48 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,394
  • Jun 4, 2012 11:00pm Jun 4, 2012 11:00pm
Quoting pkimnyc
re-install mt4.
thanks i reinstalled on same directory and then started my old files...for some reason it would not update last weeks updates.

i just hate to reinstall my charts from scratch
Wooooohooooo or Boooooohooooo
  • #34,395
  • Jun 4, 2012 11:01pm Jun 4, 2012 11:01pm
Quoting Luis Carlos
Right now I am expecting a retracement between fib 0,5 and 0,618...I will glad if US session has a good reversal to close the daily candle below the trenline.
Trading was easier within the Bear Trend (at least for me)....this is new territory so to speak. Where do you like this mini-bull run to end?
  • #34,396
  • Jun 4, 2012 11:26pm Jun 4, 2012 11:26pm
for everyone who couldn't run the live update for metatrader
click on START > Control Panel > User Accounts and Family Safety > User Accounts > Change user account control settings , then move the option down to Never notify , then click on OK , Restart your windows , open your MetaTrader and you'll be asked for live update, follow the steps and your done
GL
  • #34,397
  • Jun 4, 2012 11:30pm Jun 4, 2012 11:30pm
Quoting BFSGcapital
im showing R1 at 2573, actually kind of funny how my targets end up being the daily resistance levels (are they that obvious?)

one more chart here, showing the importance of channel lines, as it never ceases to amaze me.

eurusd-1hr
@BFSGcapital
Actually i want to learn how u get R1 1.2573?? can u pls give me how can i findout support and resistance in your method??? if u give a chart then also appreciable
  • #34,398
  • Jun 4, 2012 11:33pm Jun 4, 2012 11:33pm
Quoting quidproquo
Trading was easier within the Bear Trend (at least for me)....this is new territory so to speak. Where do you like this mini-bull run to end?
If everything is alright and there is no more extension in this last wave. I think in that rectangle touching the trendline.
Attached Image (click to enlarge)
Click to Enlarge Name: 04.06.12.2.png Size: 55 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,399
  • Jun 4, 2012 11:36pm Jun 4, 2012 11:36pm
Quoting kibrul
@BFSGcapital
Actually i want to learn how u get R1 1.2573?? can u pls give me how can i findout support and resistance in your method??? if u give a chart then also appreciable
BFS uses Pivot indicator. The indicador gives him R1 resistance is 1.2573
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,400
  • Jun 4, 2012 11:38pm Jun 4, 2012 11:38pm
Quoting Luis Carlos
BFS uses Pivot indicator. The indicador gives him R1 resistance is 1.2573
by the way I got in my chart also that number 1.2573, but I used fibonacci..
Stocktwit: LuisCarlos - twitter: @lcparodi
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