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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #36,621
  • Jun 13, 2012 8:13am Jun 13, 2012 8:13am
http://i48.tinypic.com/291kvnt.gif
(eurusd, m5)
accumulation distribution at its best
doesnt confirmed the breakout to the upside.
confirms a breakout to the downside before it happens.
.:: your stop loss is another trader's first target ::.
  • #36,622
  • Jun 13, 2012 8:16am Jun 13, 2012 8:16am
Quoting mk77ch
http://i48.tinypic.com/291kvnt.gif
(eurusd, m5)
accumulation distribution at its best
doesnt confirmed the breakout to the upside.
confirms a breakout to the downside before it happens.
it happens what ??? getting up..or what..
  • #36,623
  • Jun 13, 2012 8:16am Jun 13, 2012 8:16am
i try to draw lines in Eurusd and the new high still forming (looks like) a good bear gartley/whatever that kind of pattern tou..
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #36,624
  • Jun 13, 2012 8:17am Jun 13, 2012 8:17am
byg boys .. have to take the green before ..up..or who knows????
  • #36,625
  • Jun 13, 2012 8:22am Jun 13, 2012 8:22am
Quoting Likerty
every second touch of these lines will be less precise..
Market is imprecise. My market reasoning follows the pattern of "If A, then do B"... if the market disrespect that line, i will obviously scrap that trading idea/setup...market messing up that line simply tells me that the market is not behaving the way that makes sense to me, hence, i wont trade it.

However, a little overshoot or undershoot here and there, doesnt really make a big difference.

I have updated that original post with better explanation:

http://www.forexfactory.com/showthre...73#post5755673
.
" It may mean something. It may mean nothing at all "
  • #36,626
  • Jun 13, 2012 8:23am Jun 13, 2012 8:23am
Any man can be a father,but it takes a special person to be a dad
If there was easy money lying around,no one would be forcing it into your
  • #36,627
  • Jun 13, 2012 8:23am Jun 13, 2012 8:23am
Anyone have the option expiration list for today?
  • #36,628
  • Jun 13, 2012 8:24am Jun 13, 2012 8:24am
If such a bad news for US couldn't take the euro up, then It's more likely to see BEARS winning this fight without any mercy!
  • #36,629
  • Jun 13, 2012 8:26am Jun 13, 2012 8:26am
Quoting Skynet
Market is imprecise. My market reasoning follows the pattern of "If A, then do B"... if the market disrespect that line, i will obviously scrap that trading idea/setup...market messing up that line simply tells me that the market is not behaving the way that makes sense to me, hence, i wont trade it.

However, a little overshoot or undershoot here and there, doesnt really make a big difference.

I have updated that original post with better explanation:

http://www.forexfactory.com/showthre...73#post5755673
.
It's ok, just that for trading I trying to catch first touch (this means that TL is imaginary before firts touch) or secound. Every other touch makes trendline too visible for everyone and as it makes participants aware of - price starts to disrespect it...
69
  • #36,630
  • Jun 13, 2012 8:29am Jun 13, 2012 8:29am
From MarketWatch

How tiny Finland could bring euro crisis to end
  • #36,631
  • Jun 13, 2012 8:31am Jun 13, 2012 8:31am
Quoting Cgb
I'm looking at the daily for gold. This is my chart from last week where 1625.05 (on the daily close) held.

I have attached a your chart with annotations/commentaries on it. check below:
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-06-13_09-30_EurAnalysis.jpg Size: 85 KB
" It may mean something. It may mean nothing at all "
  • #36,632
  • Jun 13, 2012 8:32am Jun 13, 2012 8:32am
Quoting billytt
second way is i just i trade off simple high and lows of the not too far past for the 15 minute time frame and it is quite successful
From yesterday: Thanks Btt - how do you determine TP & SL?
  • #36,633
  • Jun 13, 2012 8:35am Jun 13, 2012 8:35am
Quoting FXSwissTrader
Anyone have the option expiration list for today?
http://www.forexlive.com/blog/2012/0...n-expiries-33/
  • #36,634
  • Jun 13, 2012 8:36am Jun 13, 2012 8:36am
Quoting Likerty
It's ok, just that for trading I trying to catch first touch (this means that TL is imaginary before firts touch) or secound. Every other touch makes trendline too visible for everyone and as it makes participants aware of - price starts to disrespect it...

Interesting...i am of the opposite idea. i like multiple touches...it tells me that i am not imagining things....and it goes to my background in quantitative science....because trendlines are linear regression analysis...and the more data points you have(the more touches in this case) the greater the validity of your projection. Basically, i am using previous contact points to project future price actions...e.g. using data points to determine the velocity or acceleration of an object in classical physics in the next 4 hours or 10 days, etc. except that in this case, we are interested in price point of a commodity(eur/usd).

In my humble opinion,
" It may mean something. It may mean nothing at all "
  • #36,635
  • Jun 13, 2012 8:37am Jun 13, 2012 8:37am
Quoting Likerty
Every other touch makes trendline too visible for everyone and as it makes participants aware of - price starts to disrespect it...
I humbly disagree with that. I canot "predict" TLs, I have to see at least 2 points for a line. TLs, as S/R levels can be visited many times. Example bellow. This triangle was a setup - break-pullback-continuation on any side. This morning - entry long from 5545/5550, up to Yesterdays high at 5588/5590.
Attached Image (click to enlarge)
Click to Enlarge Name: cable-TLs.gif Size: 21 KB
  • #36,636
  • Jun 13, 2012 8:37am Jun 13, 2012 8:37am
I really like the bear set up right now
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,637
  • Jun 13, 2012 8:43am Jun 13, 2012 8:43am
Quoting Skynet
I have attached a your chart with annotations/commentaries on it. check below:
Good comments. The way I look at it is if we get a close above 1625.05 on the daily, we've turned bullish and it could raise pretty fast as we already broke the downtrend channel to the up side.
I observe your reality but live my own.
  • #36,638
  • Jun 13, 2012 8:45am Jun 13, 2012 8:45am
Quoting iak_fx
http://www.forexlive.com/blog/2012/0...n-expiries-33/
Thank you.
  • #36,639
  • Jun 13, 2012 8:46am Jun 13, 2012 8:46am
Spanish 10 year bonds up 5 bps to 6.75%

Italian 10 year bonds up 6 bps to 6.23%
  • #36,640
  • Jun 13, 2012 8:47am Jun 13, 2012 8:47am
Quoting Luis Carlos
I really like the bear set up right now
Is the EUR/USD reacting again to the evil 1.2520 area? again? not again!

ahahahaha.
" It may mean something. It may mean nothing at all "
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