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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,661
  • Jun 6, 2012 8:42am Jun 6, 2012 8:42am
funny silver 15min tf , look 45 minutes ago ,bearish regular divergence , price up , stoc down.. but its go bullish
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,662
  • Jun 6, 2012 8:43am Jun 6, 2012 8:43am
NY is still hungry for risk. PipTrapper's channel line was just toasted.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,663
  • Jun 6, 2012 8:45am Jun 6, 2012 8:45am
silver 15 tf
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,664
  • Jun 6, 2012 8:45am Jun 6, 2012 8:45am
Quoting PipTrapper
NY is still hungry for risk. PipTrapper's channel line was just toasted.
Yeah risk on in every major world indices.
  • #34,665
  • Jun 6, 2012 8:47am Jun 6, 2012 8:47am
61.80 FIBO hit.... is it the end of retracement ???
That is the question NOW!
Read Charts - Not Papers
  • #34,666
  • Jun 6, 2012 8:56am Jun 6, 2012 8:56am
eur got some nuke
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,667
  • Jun 6, 2012 8:57am Jun 6, 2012 8:57am
At this point I have closed out my:
1.2490 E/U short for +4 pips
101.97 E/J short for +319 pips

and also took 40% partial profit on my:
1.2773 E/U short for +287 pips.

I am now holding out till Benny's testimony tomorrow.

Sell limit order in place at 1.2618

Adjusted channel lines to new limits. Chart below.

E/U H1
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 66 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #34,668
  • Jun 6, 2012 8:57am Jun 6, 2012 8:57am
i think it will stop @100 fibo and bounce down , if not.. well.. just watch.. lol
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,669
  • Jun 6, 2012 8:58am Jun 6, 2012 8:58am
Combination of Fed Lockhart dovish speech and El Draghi stating a few council members called for rate cut today is probably a good reason for the risk-on push.
  • #34,670
  • Jun 6, 2012 8:59am Jun 6, 2012 8:59am
Quoting PipTrapper
At this point I have closed out my:
PT, you are "fundamentalist"...
Any reasonable explanation to what's going on charts ATM?
Read Charts - Not Papers
  • #34,671
  • Jun 6, 2012 9:03am Jun 6, 2012 9:03am
Now I am really happy!!!

http://www.forexfactory.com/showthre...26#post5732026
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,672
  • Jun 6, 2012 9:04am Jun 6, 2012 9:04am
Quoting halkins
PT, you are "fundamentalist"...
Any reasonable explanation to what's going on charts ATM?
A disgusting sight. With all the negativity surrounding eurozone data - german bank downgrade to boot Dragon Draghi with the usual rhetoric and yet somehow after a deep plunge below 1.246 it manages to recover all of it in one swift move? Either the first move was a fake or this one is...
  • #34,673
  • Jun 6, 2012 9:05am Jun 6, 2012 9:05am
Quoting PipTrapper
At this point I have closed out my:
1.2490 E/U short for +4 pips
101.97 E/J short for +319 pips

and also took 40% partial profit on my:
1.2773 E/U short for +287 pips.

I am now holding out till Benny's testimony tomorrow.

Sell limit order in place at 1.2618

Adjusted channel lines to new limits. Chart below.

E/U H1
Attachment
Wow, impressive PT! Congrats!
I observe your reality but live my own.
  • #34,674
  • Jun 6, 2012 9:06am Jun 6, 2012 9:06am
Quoting halkins
PT, you are "fundamentalist"...
Any reasonable explanation to what's going on charts ATM?
Swissy explained it well enough.

Quoting FXSwissTrader
Combination of Fed Lockhart dovish speech and El Draghi stating a few council members called for rate cut today is probably a good reason for the risk-on push.
ADD: Between now and Benny's testimony tomorrow, I expect more short covering in combination with QE hopium buyers in equities and commodities driving USD lower.

Look at the futures histogram. Definitely risk-on. 1.2525 will definitely pop today.

Attached Image (click to enlarge)
Click to Enlarge Name: Futures.jpg Size: 83 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #34,675
  • Jun 6, 2012 9:06am Jun 6, 2012 9:06am
eur bounce down now from 100 fib
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,676
  • Jun 6, 2012 9:09am Jun 6, 2012 9:09am
Quoting Unknownpips
A disgusting sight. With all the negativity surrounding eurozone data - german bank downgrade to boot Dragon Draghi with the usual rhetoric and yet somehow after a deep plunge below 1.246 it manages to recover all of it in one swift move? Either the first move was a fake or this one is...
Note that massive SELL orders with price above the current one can bring the price UP in minutes to trigger them, only to see it falling next couple of days...
will we have that this time?
Did "big boys" flooded the market with their 1.2500 SELL orders ?
Read Charts - Not Papers
  • #34,677
  • Jun 6, 2012 9:13am Jun 6, 2012 9:13am
Market talk of offers in E/U @ 1.2530.
  • #34,678
  • Jun 6, 2012 9:15am Jun 6, 2012 9:15am
Certainly didn't expect this much of a pull back. It hesitated at the 50% / Daily Pivot line and I took a small short and went for coffee. Now back and WTF! Glad it was a small position, now looking at red pips.

It's testing my 15M trend line and I hope it fails it and continues down.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun06_1009.gif Size: 94 KB
I observe your reality but live my own.
  • #34,679
  • Jun 6, 2012 9:22am Jun 6, 2012 9:22am
Quoting PipTrapper
Swissy explained it well enough.



ADD: Between now and Benny's testimony tomorrow, I expect more short covering in combination with QE hopium buyers in equities and commodities driving USD lower.

Look at the futures histogram. Definitely risk-on. 1.2525 will definitely pop today.

Attachment
What's interesting PT is that the histogram was the same BEFORE Draghi's speach, so it would look like your saying of "When Draghi speaks, the Euro goes down" was bang on. However, since we've seen a reversal of futures to Euro direction recently, I didn't pay attension to it.

Seems I was wrong
I observe your reality but live my own.
  • #34,680
  • Jun 6, 2012 9:26am Jun 6, 2012 9:26am
Quoting Cgb
What's interesting PT is that the histogram was the same BEFORE Draghi's speach, so it would look like your saying of "When Draghi speaks, the Euro goes down" was bang on. However, since we've seen a reversal of futures to Euro direction recently, I didn't pay attension to it.

Seems I was wrong
All indicies turned SOUTH now...
I went SHORT 1.2509
I hope it's trend reversal point, not local correction
Now I need to do my woo doo hokus pokus things
Read Charts - Not Papers
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