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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #36,341
  • Jun 12, 2012 2:50pm Jun 12, 2012 2:50pm
Quoting drzakir123
so bad news has no effect on euro i think there must be lot of stops above 1.2520 if they hit price can easily go to 1.2560.i have put a small long position at 1.2499 let see what happen.i think market going to range for sometime see all the moving averages on hourly flatten.if price hit 1.2560 i will turn around my position and go short.
The 61.8% fib @1.2583 from the most recent Sun/Mon downtrend would be a great place to short. Weekly pivot is 1.2568.
  • #36,342
  • Jun 12, 2012 2:54pm Jun 12, 2012 2:54pm
Quoting Wulfgar
...interesting most on here really try achieving a very high win:loss ratio with high leverage... seems to me the magic is really using lower leverage with great R:R and a heavy dose of PATIENCE...
BINGO!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #36,343
  • Jun 12, 2012 3:01pm Jun 12, 2012 3:01pm
Quoting FXSwissTrader
The 61.8% fib @1.2583 from the most recent Sun/Mon downtrend would be a great place to short. Weekly pivot is 1.2568.
Well I'm starting to draw a picture here. I've seen this a few times in the past when there has been pending decisive news. If tomorrow is a tight choppy day as well, then it becomes clear that:

1. Whoever wants to be short, is already short.
2. Whoever wanted to cover their shorts, have already covered them.
3. Whoever wants to be long is already long (whoever they are)
4. Whoever wanted to take profits on their long positions has already done so (Good for them)

Translation: tight choppy trade all the way to Friday, and then some last minute gamblers may take additional short and long positions. Sunday decides all. Either we get a gap up or a gap down.
Those who say it cannot be done should not interrupt those who are doing it
  • #36,344
  • Jun 12, 2012 3:08pm Jun 12, 2012 3:08pm
Quoting PipTrapper
Well I'm starting to draw a picture here. I've seen this a few times in the past when there has been pending decisive news. If tomorrow is a tight choppy day as well, then it becomes clear that:

1. Whoever wants to be short, is already short.
2. Whoever wanted to cover their shorts, have already covered them.
3. Whoever wants to be long is already long (whoever they are)
4. Whoever wanted to take profits on their long positions has already done so (Good for them)

Translation: tight choppy trade all the way to Friday, and then some last...
I'm calling for a definite gap down. Syriza party making Spain a good example of bailouts without austerity. At least that's what they are selling.
  • #36,345
  • Jun 12, 2012 3:11pm Jun 12, 2012 3:11pm
EUR/USD Market Recap 12.06.12


http://1.bp.blogspot.com/-2bHeHaDkOu...-EurUsd124.JPG 1 hour


In the Asian session, the Euro found support at the weekly S1 and market formed a kind of doji/ pin bar (reversal candle) on the hourly chart (Yesterday's low-blue line). From there, the Euro moved up to the 20 SMA (hourly) where the euro found some resistance (5 a.m.) (1) before market moved above the 20 SMA up to the daily pivot point at 1.2522 (2). The Euro reversed at the daily pivot point and market targeted the recent hourly low at 7 a.m. to clear some stops (3) (no breakout confirmation of the hourly low on 5 min chart) before the euro moved up again and penetrated the daily pivot point (4). However, we see on the 5 min chart (B) that market never confirmed a break of the daily pivot point (no close above the breakout candle). Market rolled over at the daily pivot point and targeted yesterday's daily low. Yesterday's bearish daily candle made a retest of this low very likely (bearish sentiment) and many stop and limit orders are expected to be below yesterday's low. Market cleared these orders and bounced back and closed again at/above the weekly S1 on the hourly chart (first breakout is often a false breakout). On the 5 min chart (below) we also see that the breach of the wekly S1 and yesterday's low did not get confirmed. The 5 min candle at 3:05 p.m. closed at the weekly S1 (respected it) and the following breakout candle penetrated this support level, however, there was no succeeeding candle which closed below the range of the breakout candle. Moreover, market bounced back at the 100 % fib extension from C-D at E.
Today's price action in the European session might be seen as a Head & Shoulder (ABC) with the green line as its neckline (5 min chart). Market formed a nice 3 wave consolidation pattern at the neckline (visible on the 1 min chart-bear flag) just prior to the breakout (D)


http://4.bp.blogspot.com/-EDmmAeIvJT...n-eurusd26.JPG 5 min


On the 5 min chart we see that the Euro bounced back after the unconfimed breach of the weekly S1 and yesterday's low (blue line) (F), moved up to the 20 SMA (3:45 p.m.) where market consolidated before the Euro went up further and formed a bullish consolidation (bull flag). The green neckline seemed to provide some resistance. The bull flag got triggered, supported by the rising 20 SMA on the 5 min chart and market moved up again.

http://forex-chartanalysis.blogspot.de/
  • #36,346
  • Jun 12, 2012 3:18pm Jun 12, 2012 3:18pm
Quoting FXSwissTrader
I'm calling for a definite gap down. Syriza party making Spain a good example of bailouts without austerity. At least that's what they are selling.
I agree Syriza party has something good to sell using the Spanish bailout as an example of what Greece can have. However, it seems the PASOK and ND parties are also jumping on the same band wagon. If so, it just becomes a popularity contest.
Those who say it cannot be done should not interrupt those who are doing it
  • #36,347
  • Jun 12, 2012 3:40pm Jun 12, 2012 3:40pm
Quoting PipTrapper
I agree Syriza party has something good to sell using the Spanish bailout as an example of what Greece can have. However, it seems the PASOK and ND parties are also jumping on the same band wagon. If so, it just becomes a popularity contest.

I don't think those other two parties could sell ice cubes to an eskimo. Hopefully the Greeks will see through those sell outs. I hate politicians.
  • #36,348
  • Jun 12, 2012 3:42pm Jun 12, 2012 3:42pm
Quoting FXSwissTrader
I don't think those other two parties could sell ice cubes to an eskimo. Hopefully the Greeks will see through those sell outs. I hate politicians.
and why not? Even politicians hate politicians
Those who say it cannot be done should not interrupt those who are doing it
  • #36,349
  • Jun 12, 2012 3:49pm Jun 12, 2012 3:49pm
Quoting PipTrapper
and why not? Even politicians hate politicians
That's it for me. Have a good night bud. Good night everybody.
  • #36,350
  • Jun 12, 2012 4:36pm Jun 12, 2012 4:36pm
Greeks just can't vote for same parties which let them in to this abyss! It would be highly illogical, isnt it?
69
  • #36,351
  • Jun 12, 2012 4:39pm Jun 12, 2012 4:39pm
Quoting Likerty
Greeks just can't vote for same parties which let them in to this abyss! It would be highly illogical, isnt it?
They wouldn't make the same mistake twice... Err I mean thrice.. Err I mean umpteenth time now would they???!! lol
  • #36,352
  • Jun 12, 2012 5:05pm Jun 12, 2012 5:05pm
Quoting Wulfgar
They wouldn't make the same mistake twice... Err I mean thrice.. Err I mean umpteenth time now would they???!! lol
I guess they dount have much of a choice... Same four fat faces every election year. Soured and stagnated political elite sometimes produces ugly radical shit
Attached Image
69
  • #36,353
  • Jun 12, 2012 5:20pm Jun 12, 2012 5:20pm
Elliott time
Attached Image (click to enlarge)
Click to Enlarge Name: dollar.png Size: 51 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,354
  • Jun 12, 2012 5:47pm Jun 12, 2012 5:47pm
SPX500
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Click to Enlarge Name: SPX500.PNG Size: 55 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,355
  • Jun 12, 2012 6:24pm Jun 12, 2012 6:24pm
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,356
  • Jun 12, 2012 6:30pm Jun 12, 2012 6:30pm
I know you are there DORAEMON!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,357
  • Jun 12, 2012 6:52pm Jun 12, 2012 6:52pm
Okay I'm done watching the charts going nowhere. It's like watching grass grow.

Good night.

http://macsystems.com/Jun21-2007.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #36,358
  • Jun 12, 2012 6:57pm Jun 12, 2012 6:57pm
Quoting FXSwissTrader
You are the new....................
LMAO, thats good

After I went to bed we put in 4hr bullish div, which brought us from 1.2440 area to 1.2510

But we have ran into 3, 30 min bearish div here, 1.2520 area *should* cap it... how strange would that look on the charts if we made new highs....

Asia sells today IMO

Just dropping in, will be back later
An opportunity lost is not a capital cost.
  • #36,359
  • Jun 12, 2012 6:58pm Jun 12, 2012 6:58pm
Quoting PipTrapper
Okay I'm done watching the charts going nowhere. It's like watching grass grow.

Good night.

http://macsystems.com/Jun21-2007.jpg
I just woke up Night PT. And yes this 5m action is slower than 1m action in London
An opportunity lost is not a capital cost.
  • #36,360
  • Jun 12, 2012 8:04pm Jun 12, 2012 8:04pm
Quoting Luis Carlos
SPX500
Beauty of a Head and Shoulders there1 I bet for (b)
I observe your reality but live my own.
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