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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #35,161
  • Jun 8, 2012 4:55am Jun 8, 2012 4:55am
Quoting forextraderx
agreed. I want 2530+ myself

X

placed some limit sell @ 1.2525 & 1.256, SL 1.264
  • #35,162
  • Jun 8, 2012 4:56am Jun 8, 2012 4:56am
Good morning traders…
I am looking for further SHORT-ing opportunity.
I have been patiently waiting for a pullback to 1.25400.
In the meantime, I will watch EURO2012 opening ceremony and first match.
Anybody with me today?

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  • #35,163
  • Jun 8, 2012 4:56am Jun 8, 2012 4:56am
Quoting forextraderx
agreed. I want 2530+ myself

X
I have a sell limit in for 1.2530 near the 1.2527 61.8% fib retrace on today's H/L. Only viable intraday low risk trade IMO.
  • #35,164
  • Jun 8, 2012 4:57am Jun 8, 2012 4:57am
Quoting halkins
Good morning traders…
I am looking for further SHORT-ing opportunity.
I have been patiently waiting for a pullback to 1.25400.
In the meantime, I will watch EURO2012 opening ceremony and first match.
Anybody with me today?

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Definitely. Going to be a great weekend/month.
  • #35,165
  • Jun 8, 2012 4:59am Jun 8, 2012 4:59am
Quoting FXSwissTrader
Looks like weekly pivot failed in European session. Good opportunity to hopefully scale in another short position. Need it to get above 1.25 though so Americans can come in and slam it lower this afternoon.
Yup this is what I was thinking earlier, over sold for now. Closed my 77 short at 57 (50 fib). I'm thinking 2500 or 2510/13 will probably cap any retracement.

Still awake
An opportunity lost is not a capital cost.
  • #35,166
  • Jun 8, 2012 5:01am Jun 8, 2012 5:01am
Quoting budak baru
still waiting short at 2532 if possible.

today target 2477.
2477 taken.retracement?2540 is possible if 2477 hold.
Gold Expedition Return This Year: -16.4%
  • #35,167
  • Jun 8, 2012 5:01am Jun 8, 2012 5:01am
1.2525 - 1.253 would be ideal, 50EMA on H1
I hope not to see 1.256

Quoting neuron
placed some limit sell @ 1.2525 & 1.256, SL 1.264
  • #35,168
  • Jun 8, 2012 5:04am Jun 8, 2012 5:04am
Quoting BrunargarFx
1.2525 - 1.253 would be ideal, 50EMA on H1
I hope not to see 1.256
yeah hope not 1.256, a peak at 1.253 would make a lovely shoulder
  • #35,169
  • Jun 8, 2012 5:06am Jun 8, 2012 5:06am
Quoting neuron
yeah hope not 1.256, a peak at 1.253 would make a lovely shoulder
We have to get through the middle BB(20sma) on 15 min tf and also pop the 23.6% fibo retrace. Been bouncing off there for awhile.
  • #35,170
  • Jun 8, 2012 5:10am Jun 8, 2012 5:10am
We may not get there. We currently have a bearish divergence in E/U and G/U on 15min tf.
  • #35,171
  • Jun 8, 2012 5:17am Jun 8, 2012 5:17am
Quoting FXSwissTrader
We may not get there. We currently have a bearish divergence in E/U and G/U on 15min tf.
Well, I think the U.S. session will bring the next opportunities up... I think for the next 1.5 hrs... looking for a big move will be a bit frustrating.

London, for now, is done. lets see what american traders have to say.

X
  • #35,172
  • Jun 8, 2012 5:20am Jun 8, 2012 5:20am
Correct but if we reach 1.254x this could mean a false breakout.
Right now I'll much prefer seeing a continuation down and breaking the 1.244x level


Quoting neuron
yeah hope not 1.256, a peak at 1.253 would make a lovely shoulder
  • #35,173
  • Jun 8, 2012 5:31am Jun 8, 2012 5:31am
Can i ask if divergence occurs as is on my 1h chart,

price following trend falling and cci rising, is this reverse or regular divergence?
If above scenario is corrct do we expect price to fall?
Thanks..
If ask a silly question.. forgive me!i'm just confused again!
  • #35,174
  • Jun 8, 2012 5:31am Jun 8, 2012 5:31am
Quoting BrunargarFx
Correct but if we reach 1.254x this could mean a false breakout.
Right now I'll much prefer seeing a continuation down and breaking the 1.244x level
valid point!
  • #35,175
  • Jun 8, 2012 5:34am Jun 8, 2012 5:34am
Quoting BrunargarFx
Correct but if we reach 1.254x this could mean a false breakout.
Right now I'll much prefer seeing a continuation down and breaking the 1.244x level
Actually, I'm counting on a false breakout.... if I was in the mood, i'd go long right around 2440ish... but i'd rather plan for a short off a bounce there.

guess we'll find out over the next couple of hours.

X
  • #35,176
  • Jun 8, 2012 5:41am Jun 8, 2012 5:41am
Not sure if I follow you: you mean if we break 1.244, you'll short on a retest?

If 1.2442 is taken then we're on our way to 1.2405, no more false breakout

Quoting forextraderx
Actually, I'm counting on a false breakout.... if I was in the mood, i'd go long right around 2440ish... but i'd rather plan for a short off a bounce there.

guess we'll find out over the next couple of hours.

X
  • #35,177
  • Jun 8, 2012 5:42am Jun 8, 2012 5:42am
Quoting FXSwissTrader
We may not get there. We currently have a bearish divergence in E/U and G/U on 15min tf.
Could you post a chart maybe later of the divergence you mean? ..would be much appreciated as I seem to always have a problem seeing these no matter how much I look and I'd value your input if you get the chance.
The spoken word is your master, the unspoken word your slave.
  • #35,178
  • Edited 6:15am Jun 8, 2012 5:44am | Edited 6:15am
Quoting afos
Can i ask if divergence occurs as is on my 1h chart,

price following trend falling and cci rising, is this reverse or regular divergence?
If above scenario is corrct do we expect price to fall?
Thanks..
Of course we can't predict if price will fall but there may be a good chance of it happening. You need confirmation once divergence is spotted. Watch PA and look for confirmation of the divergence.

Ex: The current drop was hinted by a bearish divergence on the 15 min tf on E/U and G/U, I made a post of it.
  • #35,179
  • Jun 8, 2012 6:03am Jun 8, 2012 6:03am
Now we have a potential bullish divergence in E/U 15 min TF.
  • #35,180
  • Jun 8, 2012 6:08am Jun 8, 2012 6:08am
Quoting CommercialB
Could you post a chart maybe later of the divergence you mean? ..would be much appreciated as I seem to always have a problem seeing these no matter how much I look and I'd value your input if you get the chance.

Easy explanation of divergence. If you are an intraday trader, you can do this and scalp all day on lower timeframe.

http://www.babypips.com/school/divergence-trading.html
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