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EurAnalysis Kindergarten 24 replies

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  • #35,721
  • Jun 11, 2012 4:38pm Jun 11, 2012 4:38pm
how dare o'market u break my channel line on 4 hr.i am running away from u market and as a punishment to u i have taken 90 % of my position off.now market u suffer and if u dont listen to me i am going to take the remaing position as well, u see i have lost only 0.15% of my equity. i love it when i leave u in semi-orgasmic state like this
Allah has permitted trade and has forbidden interest [koran]
  • #35,722
  • Jun 11, 2012 4:42pm Jun 11, 2012 4:42pm
Quoting drzakir123
how dare o'market u break my channel line on 4 hr.i am running away from u market and as a punishment to u i have taken 90 % of my position off.now market u suffer and if u dont listen to me i am going to take the remaing position as well, u see i have lost only 0.15% of my equity. i love it when i leave u in semi-orgasmic state like this
LOL
  • #35,723
  • Jun 11, 2012 4:59pm Jun 11, 2012 4:59pm
Quoting drzakir123
how dare o'market u break my channel line on 4 hr.i am running away from u market and as a punishment to u i have taken 90 % of my position off.now market u suffer and if u dont listen to me i am going to take the remaing position as well, u see i have lost only 0.15% of my equity. i love it when i leave u in semi-orgasmic state like this
It's time for anatomy doc, slice the market
  • #35,724
  • Jun 11, 2012 5:17pm Jun 11, 2012 5:17pm
Quoting Luis Carlos
My either, but it is psico tool so... EW is defined as how people feelings move the market, why not VIX?
This is an interesting argument because Elliott Wave analysis is basically measuring investor sentiment/psychology. The VIX is defined as "a popular measure of the implied volatility of S&P 500 index options. Often referred to as the fear index or the fear gauge, it represents one measure of the market's expectation of stock market volatility over the next 30 day period"

So should the VIX be subject to EW analysis as well?

Which comes first the chicken or the egg?
...because you never know - until you do!
  • #35,725
  • Jun 11, 2012 5:22pm Jun 11, 2012 5:22pm
traders beware 1.2436 is coming i am keeping my baseball bat ready i am looking for exhaustion move,let see
Allah has permitted trade and has forbidden interest [koran]
  • #35,726
  • Jun 11, 2012 5:25pm Jun 11, 2012 5:25pm
Quoting FXSwissTrader
Uptrend lower channel broken. I have us hitting at least 1.2450 target in the mediate.
In the last 6 days price has bounced back from around 1.2450, will it breakthough this time?

Maybe ... maybe not.

  • #35,727
  • Jun 11, 2012 5:29pm Jun 11, 2012 5:29pm
First let me state that I'm NOT a day-trader. I would consider myself a swing trader, I use the 8 hour charts and 1-hour for entries....

Now this past weekend I was in a discussion with someone who was convinced that the market was going up to 1.2800+ and he/she wrote an article in which they claimed that basically since everyone they knew was short the market HAD to go up.

My argument against that contraian logic was based on the macroeconomic situation and my personal EW count on the daily chart. In addition I had short postions that I had opened Friday afternoon.

When the markets gapped up on Sunday night I thought, "Darn was I that far off in my interpretation?" But as of the London opening I could see that the gap was going to close and the Euro continued to fall during the US session.

Now, can someone PLEASE explain to me why, on this thread, so many people insist on taking long positions in a bear market? I just really don't understand why people can't understand the adage of

The trend is your friend?
...because you never know - until you do!
  • #35,728
  • Jun 11, 2012 5:30pm Jun 11, 2012 5:30pm
Quoting mka_78
It's time for anatomy doc, slice the market
no fun now as she is too old and exhausted
Allah has permitted trade and has forbidden interest [koran]
  • #35,729
  • Jun 11, 2012 5:39pm Jun 11, 2012 5:39pm
Quoting fxsport
First let me state that I'm NOT a day-trader. I would consider myself a swing trader, I use the 8 hour charts and 1-hour for entries....

Now this past weekend I was in a discussion with someone who was convinced that the market was going up to 1.2800+ and he/she wrote an article in which they claimed that basically since everyone they knew was short the market HAD to go up.

My argument against that contraian logic was based on the macroeconomic situation and my personal EW count on the daily chart. In addition I had short postions that...
Likely , you are looking into the Day Traders or Scalpers

Though, personally , I try to only scalp in the direction of the trend
  • #35,730
  • Jun 11, 2012 6:03pm Jun 11, 2012 6:03pm
Quoting Daniel80
Hello all
i am back to gives some of my trade updates for today, although is already late by almost 16hrs overall

Overall on Friday i was on trade to long E/U from 1.2451 during the closure it was +68pips. target T/P was at 1.2560 in actual

Monday update as all knows there is a total 195pips closure at 1.2646
that a total 86pips slippage from my broker during the opening session.

I have lost trade number at 1.2660 but is a no lost game overall

expectation for now is at 1.2460 above fib support at 1.2420
good morning PT and the crew
today target meet at 1.2450 ( my sell target closed at 1.2460) 46pips green

next move will be also at buy trade targeting 1.2572 on daily time frame
entering at 1.2467 S/L 1.2440 T/P 1.2540
Attached Image (click to enlarge)
Click to Enlarge Name: daily target.JPG Size: 59 KB
  • #35,731
  • Jun 11, 2012 7:16pm Jun 11, 2012 7:16pm
Here is a BFSG chart because I know how much you all enjoy going blind

The last time 1hr, 4th level exhaustion was hit (thick blue line), was the gap DOWN + sell off after open to 1.2955.

IMO, we are looking to retest 1.228 this week. I can't imagine 1.244 will hold for long.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchartttt.jpg Size: 265 KB
An opportunity lost is not a capital cost.
  • #35,732
  • Jun 11, 2012 8:03pm Jun 11, 2012 8:03pm
Quoting BFSGcapital
Here is a BFSG chart because I know how much you all enjoy going blind

The last time 1hr, 4th level exhaustion was hit (thick blue line), was the gap DOWN + sell off after open to 1.2955.

IMO, we are looking to retest 1.228 this week. I can't imagine 1.244 will hold for long.
Nothing personal but all those lines and colors reminds me of when the Beatles did yellow submarine:

http://i50.tinypic.com/jb3i9y.jpg

Simple is better...
...because you never know - until you do!
  • #35,733
  • Jun 11, 2012 8:23pm Jun 11, 2012 8:23pm
I'm trying to learn how to trade smaller time frames using Divergence. Could somebody tell me if this the following is correct? Thanks!

15M Bearish Divergence
Attached Image (click to enlarge)
Click to Enlarge Name: 15M Bearish Divergence.jpg Size: 199 KB
  • #35,734
  • Jun 11, 2012 8:25pm Jun 11, 2012 8:25pm
Sat on my hands watching all the fundies unfolding today. Still not ready to make any plays on the EU...

Interesting stuff in the works guys. I still think we
Are headed to the 2219-2250 area before another major consolidation. 2502-2460 has been pivotal for a LONG time.

Just gott be patient and wait for clear fundies to line up with a
Nice tech range breakout play

GL guys
  • #35,735
  • Jun 11, 2012 8:32pm Jun 11, 2012 8:32pm
Quoting 100PipsADay
I'm trying to learn how to trade smaller time frames using Divergence. Could somebody tell me if this the following is correct? Thanks!

15M Bearish Divergence
Never used divergence... But keep us updated on how it works for u on the smaller TF's! I know loads of traders use it successfully.
  • #35,736
  • Jun 11, 2012 8:34pm Jun 11, 2012 8:34pm
Quoting 100PipsADay
I'm trying to learn how to trade smaller time frames using Divergence. Could somebody tell me if this the following is correct? Thanks!

15M Bearish Divergence


http://www.babypips.com/school/high-...g-divergences/


I believe that's a hidden bearish divergence, a regular bearish divergence would be higher highs on the candlestick and lower highs on your secondary indicator


regular:

http://babypips.cachefly.net/school/...divergence.png


hidden:

http://babypips.cachefly.net/school/...divergence.png
  • #35,737
  • Jun 11, 2012 8:35pm Jun 11, 2012 8:35pm
Quoting Wulfgar
Never used divergence... But keep us updated on how it works for u on the smaller TF's! I know loads of traders use it successfully.
Will do! SwissTrader has been giving me a few tips so I will probably do some demo trading for the next few weeks to see if this type of trading is for me or not.

I prefer longer term trades, but, part of me is wanting a little more action!
  • #35,738
  • Jun 11, 2012 8:38pm Jun 11, 2012 8:38pm
Quoting 100PipsADay
Will do! SwissTrader has been giving me a few tips so I will probably do some demo trading for the next few weeks to see if this type of trading is for me or not.

I prefer longer term trades, but, part of me is wanting a little more action!
Lol! We all get that urge at some point! Just be careful! The intraday stuff is def a little different animal!! Can drive the best of traders crazy!

Swisstrader is a good bro and a good trader. I always read his posts with great interest.
  • #35,739
  • Jun 11, 2012 8:40pm Jun 11, 2012 8:40pm
Quoting neuron
http://www.babypips.com/school/high-...g-divergences/


I believe that's a hidden bearish divergence, a regular bearish divergence would be higher highs on the candlestick and lower highs on your secondary indicator


regular:

http://babypips.cachefly.net/school/...divergence.png


hidden:

http://babypips.cachefly.net/school/...divergence.png
Ok, that's what I thought. I read through the "Divergence Trading" section a few times during the past 12 hours or so. LOL

I'm going to see what happens on the 30M and 1H chart . If those 2 other time frames hold up, our trend should continue to the downside if I'm not mistaken.
  • #35,740
  • Jun 11, 2012 8:41pm Jun 11, 2012 8:41pm
Quoting Wulfgar
Lol! We all get that urge at some point! Just be careful! The intraday stuff is def a little different animal!! Can drive the best of traders crazy!

Swisstrader is a good bro and a good trader. I always read his posts with great interest.
I agree. If it doesn't fit my personality I probably won't pursue this type of trading style. But can't hurt to learn the concepts.

Yes, SwissTrader brings a lot of value to this thread and has been very helpful to me whenever I have questions.
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