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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #35,101
  • Jun 8, 2012 2:17am Jun 8, 2012 2:17am
Quoting mka_78
WOW, 120 pips drop from yesterday.
Placed sell limit and left everything running and woke up in green pips , really didn't expect that fast drop . The journey didn't finish yet. Destination is 1.2
This is why I'm going to learn to position trade, that great feeling of waking up to money. but I just feel so much more comfortable using s/r + price action (ive had bad experiences in the past i guess you could say)
An opportunity lost is not a capital cost.
  • #35,102
  • Jun 8, 2012 2:17am Jun 8, 2012 2:17am
Quoting mka_78
WOW, 120 pips drop from yesterday.
Placed sell limit and left everything running and woke up in green pips , really didn't expect that fast drop . The journey didn't finish yet. Destination is 1.2
maby " The final destination " but now lets see if it break w pivot!!!!!!!!
  • #35,103
  • Jun 8, 2012 2:20am Jun 8, 2012 2:20am
Quoting BFSGcapital
This is why I'm going to learn to position trade, that great feeling of waking up to money. but I just feel so much more comfortable using s/r + price action
yep nice feeling it made your day verry nice..so u can say it is the best day to start " forex day" nice catch
  • #35,104
  • Jun 8, 2012 2:22am Jun 8, 2012 2:22am
Chickened out but I just feel as if I should wait until price action slows down, who knows maybe we see a 200 pip down day but im not going to risk it
An opportunity lost is not a capital cost.
  • #35,105
  • Jun 8, 2012 2:27am Jun 8, 2012 2:27am
Quoting BFSGcapital
This is why I'm going to learn to position trade, that great feeling of waking up to money. but I just feel so much more comfortable using s/r + price action (ive had bad experiences in the past i guess you could say)
I am also still learning position trade and will stick to it. But I also take advantage of r/s bouncing and pullbacks, just like you. This is a great thing making profits and will also always stick to it.
Wish the best for you man
  • #35,106
  • Jun 8, 2012 2:30am Jun 8, 2012 2:30am
Quoting BFSGcapital
This is why I'm going to learn to position trade, that great feeling of waking up to money. but I just feel so much more comfortable using s/r + price action (ive had bad experiences in the past i guess you could say)
Quoting BFSGcapital
Chickened out but I just feel as if I should wait until price action slows down, who knows maybe we see a 200 pip down day but im not going to risk it
Too much feel, not enough think. ~ConTrueCius~
Those who say it cannot be done should not interrupt those who are doing it
  • #35,107
  • Jun 8, 2012 2:32am Jun 8, 2012 2:32am
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Those who say it cannot be done should not interrupt those who are doing it
  • #35,108
  • Jun 8, 2012 2:33am Jun 8, 2012 2:33am
Yeah, I'll learn one day

But we are stalling here because we are oversold intraday so I'm not risking a squeeze higher. I
An opportunity lost is not a capital cost.
  • #35,109
  • Jun 8, 2012 2:34am Jun 8, 2012 2:34am
Quoting BFSGcapital
Chickened out but I just feel as if I should wait until price action slows down, who knows maybe we see a 200 pip down day but im not going to risk it
Don't worry. It will go down till 1.24150, then back to 1.24550 and down to 1.2300 to form nice HS on 4H.

That is what i see on 4H
  • #35,110
  • Jun 8, 2012 2:37am Jun 8, 2012 2:37am
i dont see more down immediately

edit: lol that arrow is suppose to be pointing to the 1.2510 area

its definitely possible to see a big down move today, im just conservative
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An opportunity lost is not a capital cost.
  • #35,111
  • Jun 8, 2012 2:42am Jun 8, 2012 2:42am
Quoting FXe
Don't worry. It will go down till 1.24150, then back to 1.24550 and down to 1.2300 to form nice HS on 4H.

That is what i see on 4H

Could be .. all i see on d1 , h4 .h1 it is down.. "for the moment".. but it simms 1.2480 it is a strong support for the moment ..it keep testing but never get lower..
  • #35,112
  • Jun 8, 2012 2:43am Jun 8, 2012 2:43am
Quoting BFSGcapital
i dont see more down immediately

edit: lol that arrow is suppose to be pointing to the 1.2510 area

its definitely possible to see a big down move today, im just conservative
It's Friday. It's risk-off.

Also there is a big fight at current levels because the bears are chewing through the pending market bids. The fact that it has not popped back up yet is a good sign. I don't think it's oversold. There is no oversold in a bear market. Once the Asians are done buying their Euros at current levels, this puppy will start falling again.
Those who say it cannot be done should not interrupt those who are doing it
  • #35,113
  • Jun 8, 2012 2:44am Jun 8, 2012 2:44am
the more and more i think about it S3 is definitely probable today. still, too many times have i taken profit, got back in, and have it move a lot of pips against me
An opportunity lost is not a capital cost.
  • #35,114
  • Jun 8, 2012 2:44am Jun 8, 2012 2:44am
Quoting PipTrapper
It's Friday. It's risk-off.

Also there is a big fight at current levels because the bears are chewing through the pending market bids. The fact that it has not popped back up yet is a good sign. I don't think it's oversold. There is no oversold in a bear market. Once the Asians are done buying their Euros at current levels, this puppy will start falling again.
When will they ever learn?
An opportunity lost is not a capital cost.
  • #35,115
  • Jun 8, 2012 2:45am Jun 8, 2012 2:45am
Quoting aurel_79
Could be .. all i see on d1 , h4 .h1 it is down.. "for the moment".. but it simms 1.2480 it is a strong support for the moment ..it keep testing but never get lower..
it's inching lower, still making lower highs but not lower lows
An opportunity lost is not a capital cost.
  • #35,116
  • Jun 8, 2012 2:47am Jun 8, 2012 2:47am
Quoting PipTrapper
There is no oversold in a bear market.
I like that
  • #35,117
  • Jun 8, 2012 2:47am Jun 8, 2012 2:47am
Morning all.

Holy crap batman. What a drop. I'm in 1.2610.
  • #35,118
  • Jun 8, 2012 2:48am Jun 8, 2012 2:48am
Quoting FXSwissTrader
Morning all.

Holy crap batman. What a drop. I'm in 1.2610.
nice entry!
  • #35,119
  • Jun 8, 2012 2:49am Jun 8, 2012 2:49am
I have 1.2518 atm
I'd like to see it to reload otherwise I'll add on break of 1.248
It's very heavy right now so it could break down fast and furious

Quoting BFSGcapital
i dont see more down immediately

edit: lol that arrow is suppose to be pointing to the 1.2510 area

its definitely possible to see a big down move today, im just conservative
  • #35,120
  • Jun 8, 2012 2:49am Jun 8, 2012 2:49am
Quoting aurel_79
maby " The final destination " but now lets see if it break w pivot!!!!!!!!
well at least this is the point where i will collect my green pips
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