EurAnalysis | Page 1775 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #35,481
  • Jun 10, 2012 4:41pm Jun 10, 2012 4:41pm
Quoting Greenstar
1. think it will be a volatile week,
2. have the mid-June low seasonal trend in the back of my mind, and it's 'got' to take shape this week or next, and,
3. also, haven't learned to completely tune out what I read from other people.... and one of them said that's what they thought the pair would do in a way that stuck, for some reason.

heh... fair enough. at least you recognize it for what it is, and that's needed if one will ever improve.

here's a link to something I wrote up.... give it a read...you might find it informative.

http://currencytraderx.wordpress.com/

X
  • #35,482
  • Jun 10, 2012 4:53pm Jun 10, 2012 4:53pm
PT, do you still have your 1.267 sell limit order?
  • #35,483
  • Jun 10, 2012 4:56pm Jun 10, 2012 4:56pm
Quoting Evanescence
PT, do you still have your 1.267 sell limit order?
PT said that level is history
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #35,484
  • Jun 10, 2012 5:00pm Jun 10, 2012 5:00pm
My focus now turns to the monthly chart.

1.2660/70/80 area is key because it is where the broken long term uptrend support line (RTL-0) sits.

Here are the trend line params
Attached Image


If this area holds, I expect the upward correction to be declared "over and done with". A breach upward, and we're in for a lot more short covering... possibly all the way up to 1.2810

Let's see how it all plays out.

E/U Monthly
Attached Image (click to enlarge)
Click to Enlarge Name: eu-mn.gif Size: 44 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #35,485
  • Jun 10, 2012 5:03pm Jun 10, 2012 5:03pm
Quoting Evanescence
PT, do you still have your 1.267 sell limit order?
Yes I do and I don't plan on abandoning it. I am trading my plan. No chickening out for me

ADD: Just got triggered short at 1.2667
Those who say it cannot be done should not interrupt those who are doing it
  • #35,486
  • Jun 10, 2012 5:05pm Jun 10, 2012 5:05pm
Quoting drzakir123
hey PT my sell order trigger at 1.2660 if this trade work out its my skill and if nots its PT's fault,
Typical doctor. Take all the glory when the patient survives and blame the nurses when the patient dies
Those who say it cannot be done should not interrupt those who are doing it
  • #35,487
  • Jun 10, 2012 5:06pm Jun 10, 2012 5:06pm
Quoting PipTrapper
My focus now turns to the monthly chart.

1.2660/70/80 area is key because it is where the broken long term uptrend support line (RTL-0) sits.

Here are the trend line params
Attachment

If this area holds, I expect the upward correction to be declared "over and done with". A breach upward, and we're in for a lot more short covering... possibly all the way up to 1.2810

Let's see how it all plays out.

E/U Monthly
Attachment
i agree with u my bet it will reach 1.2825.
Allah has permitted trade and has forbidden interest [koran]
  • #35,488
  • Jun 10, 2012 5:07pm Jun 10, 2012 5:07pm
Quoting ejiexe
PT said that level is history
Hmmm. When did I say that?
Those who say it cannot be done should not interrupt those who are doing it
  • #35,489
  • Jun 10, 2012 5:09pm Jun 10, 2012 5:09pm
Quoting PipTrapper
Typical doctor. Take all the glory when the patient survives and blame the nurses when the patient dies
hahaha!!! and also collect if the patient dies
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #35,490
  • Jun 10, 2012 5:11pm Jun 10, 2012 5:11pm
Quoting Luis Carlos
hahaha!!! and also collect if the patient dies
Oh of course
Those who say it cannot be done should not interrupt those who are doing it
  • #35,491
  • Jun 10, 2012 5:11pm Jun 10, 2012 5:11pm
Quoting drzakir123
hey PT my sell order trigger at 1.2660 if this trade work out its my skill and if nots its PT's fault,
Kindly tell us where you have placed your SL. Hope it is not below 1.2704/06
STING
  • #35,492
  • Jun 10, 2012 5:18pm Jun 10, 2012 5:18pm
38.2 fibo held to the 0.1 of a pip.

Good sign so far. IMO, Spanish bailout is a catalyst for the big boys to get higher short prices. Plus, when retraces, they like to take it as far as possible, to get the most pips as possible, otherwise, what was even the point of the retrace?

This will be faded very soon, it's not like a tiny spanish bank bailout = QE3
An opportunity lost is not a capital cost.
  • #35,493
  • Jun 10, 2012 5:19pm Jun 10, 2012 5:19pm
I wil short also. That I like from UK you can have long and short entries at the same time . The move up could be finish or as always say i more high....




PD: Goal! Ecuador!!!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #35,494
  • Jun 10, 2012 5:25pm Jun 10, 2012 5:25pm
Am I the only one who sees Spain bailout as a negative thing..?
Finally they officially admited that they are in a deep shit.. So now is sudenly a risk-on mode because some spanish banks sometime (not very soon though) will spend money on ...bunds??
69
  • #35,495
  • Jun 10, 2012 5:27pm Jun 10, 2012 5:27pm
Quoting stringfx
Kindly tell us where you have placed your SL. Hope it is not below 1.2704/06
dont bother about my stop loss becos usuallly my trades spread over an area of 300 to 350 pips. my positions are crescendo type.
Allah has permitted trade and has forbidden interest [koran]
  • #35,496
  • Jun 10, 2012 5:30pm Jun 10, 2012 5:30pm
Quoting Likerty
Am I the only one who sees Spain bailout as a negative thing..?
Finally they officially admited that they are in a deep shit.. So now is sudenly a risk-on mode because some spanish banks sometime (not very soon though) will spend money on ...bunds??
in my experience, when i'm the only one who feels a certain way... i see it as a potential opportunity to either be very excited because I'm ahead of the curve...or an opportunity to feel slightly dismayed, because i'm just completely wrong.

funny thing is, i know which feeling to identify with based on whether price goes my way... or doesn't go my way.

If it goes my way, I was right!

if it goes against me, I was wrong.

and usually at these times, if i'm wrong, I generally decide to do nothing until my understanding of events makes "sense". otherwise, any additional actions I take will simply be at conflict with me, and I will second guess and doubt my trading, which will at best produce a break even result.

Just something to consider.

X
  • #35,497
  • Jun 10, 2012 5:31pm Jun 10, 2012 5:31pm
eur/usd gap is just about Spain bailout and I don't see it as a bullish signal. Just trading the gap is a way to go. Many stop losses were triggered during the weekend so now you can enter short once more. moreover, the price just hit 38.2% fib of the whole down trend
  • #35,498
  • Jun 10, 2012 5:34pm Jun 10, 2012 5:34pm
Quoting PipTrapper
Typical doctor. Take all the glory when the patient survives and blame the nurses when the patient dies
hey PT how dare coming near my nursesthey r too pretty and beautiful to be blame for i usually blame time. and in extreme cases u know who lol God.
Allah has permitted trade and has forbidden interest [koran]
  • #35,499
  • Jun 10, 2012 5:34pm Jun 10, 2012 5:34pm
Quoting mpakii
eur/usd gap is just about Spain bailout and I don't see it as a bullish signal. Just trading the gap is a way to go. Many stop losses were triggered during the weekend so now you can enter short once more. moreover, the price just hit 38.2% fib of the whole down trend
Just made 0.40% off of 20 pips, scalping the 38.2 fibo. Not bad for 15 minutes work

I want to short again here for long term but will wait for indication of a roll over.
An opportunity lost is not a capital cost.
  • #35,500
  • Jun 10, 2012 5:41pm Jun 10, 2012 5:41pm
Just realized something..

Anyone besides me notice that the May bear move was almost exactly 1000 pips??

What is it with market makers and their whole numbers... they do it intra day too.
An opportunity lost is not a capital cost.
10 traders viewing now