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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #37,821
  • Jun 18, 2012 7:46am Jun 18, 2012 7:46am
closed all shorts at 2605 sick and tired of giving back to this thing LOL
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"Millionaires don't use astrology, billionaires do"
  • #37,822
  • Jun 18, 2012 7:49am Jun 18, 2012 7:49am
Quoting FXSwissTrader
Besides from a my technical perspective, U.S equities market futures plays a significant role into trading decision on AUD. Nothing to do with E/U.
to be honest, I only use PA. don't care about the rest one bit. if markets react is such a way that is against my position, PA will tell me.
I like to keep it simple.

Edit: you can call me the tick/pip whisperer. each tick tells me something

http://funnymelon.com/pics/How-the-h...-works-750.jpg
  • #37,823
  • Jun 18, 2012 7:50am Jun 18, 2012 7:50am
Quoting FXSwissTrader
Besides from a my technical perspective, U.S equities market futures plays a significant role into trading decision on AUD. Nothing to do with E/U.
You're right E/U is all on its own right now. Not really tightly correlated with much anymore.

All we've had since last year is successive attempts at can kicking and they are now running out of road. Germany still insisting on austerity and the rest of the EZ choking off whatever economic potential they have left.

I've said it many times before and I'll repeat it again... Europe needs a severely devalued currency in order to kick start the economy in many of its states (including Germany)

Now the chances of an ECB rate cut are increasing so we should get there eventually...

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Those who say it cannot be done should not interrupt those who are doing it
  • #37,824
  • Jun 18, 2012 7:51am Jun 18, 2012 7:51am
Quoting PipTrapper
Well done bro.

Regarding your previous comment about 1.044 for the E/U, don't think for a minute it's impossible. In fact I expect to see parity eventually. It's inevitable.
But it won't be this week or this month. I don't disagree that the Euro is heading towards parity eventually, but don't hold your breath. There will be many 100+ pips to be made both down and up before it gets there...
I observe your reality but live my own.
  • #37,825
  • Jun 18, 2012 7:53am Jun 18, 2012 7:53am
Quoting forex_growth
closed all shorts at 2605 sick and tired of giving back to this thing LOL

Nicely done! Green pips are always good!
I observe your reality but live my own.
  • #37,826
  • Jun 18, 2012 7:54am Jun 18, 2012 7:54am
Quoting Cgb
But it won't be this week or this month. I don't disagree that the Euro is heading towards parity eventually, but don't hold your breath. There will be many 100+ pips to be made both down and up before it gets there...
Of course. It's impossible for it to drop 2200 pips in a month without the CBs intervening to stabilize it. That's more of a mid to long term view,. I wouldn't be the least bit surprised if it happens before October though.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,827
  • Jun 18, 2012 7:56am Jun 18, 2012 7:56am
Quoting PipTrapper
Of course. It's impossible for it to drop 2200 pips in a month without the CBs intervening to stabilize it. That's more of a mid to long term view,. I wouldn't be the least bit surprised if it happens before October though.
At least it can drop +1100 pips like G/U did last month before any correction.
  • #37,828
  • Jun 18, 2012 7:57am Jun 18, 2012 7:57am
Quoting FXSwissTrader
At least it can drop +1100 pips like G/U did last month.
well even E/U dropped 1000 pips last month. 1.3282 > 1.2286 = 996 pips
Those who say it cannot be done should not interrupt those who are doing it
  • #37,829
  • Jun 18, 2012 7:59am Jun 18, 2012 7:59am
Quoting PipTrapper
well even E/U dropped 1000 pips last month. 1.3282 > 1.2286 = 996 pips
  • #37,830
  • Jun 18, 2012 8:00am Jun 18, 2012 8:00am
Quoting PipTrapper
Of course. It's impossible for it to drop 2200 pips in a month without the CBs intervening to stabilize it. That's more of a mid to long term view,. I wouldn't be the least bit surprised if it happens before October though.
Of which year?
I observe your reality but live my own.
  • #37,831
  • Jun 18, 2012 8:05am Jun 18, 2012 8:05am
Closed other 1/2 at 1.2593 and going to wait for NY to open. I do expect a slight move up as they open. Going to wait for a retrace after their morning caffeine rush (9:45 or so)
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I observe your reality but live my own.
  • #37,832
  • Jun 18, 2012 8:13am Jun 18, 2012 8:13am
I'm looking for a FIB channel indicator. I've found a few but they are for MT5, not MT4.

Anybody?
I observe your reality but live my own.
  • #37,833
  • Jun 18, 2012 8:17am Jun 18, 2012 8:17am
Quoting Skynet
Blaming other people is weakness.
No its not.it means u lost control

after one does all the fundamental,technical,sentimental,and position sizing, what one need is genius,a flair, a kind of, to put oneself across the fire and not looase the sense of balance.
i suggest at this moment u stopped trading and read the poem 'IF' by rudyard kippling for atleast 10 to 15 times and come back tommorrow.and i am saying this with respect and love.and we know the enemy and enemy is US.

add: i am 132 pips up on my remaining position from yesterday
Allah has permitted trade and has forbidden interest [koran]
  • #37,834
  • Jun 18, 2012 8:17am Jun 18, 2012 8:17am
Quoting Cgb
I'm looking for a FIB channel indicator. I've found a few but they are for MT5, not MT4.

Anybody?
How about a standard deviation channel indie?
  • #37,835
  • Jun 18, 2012 8:20am Jun 18, 2012 8:20am
Quoting FXSwissTrader
How about a standard deviation channel indie?
DOH! Think I need more caffeine this morning. Didn't look far enough.

Thanks FXSwissTrader
I observe your reality but live my own.
  • #37,836
  • Jun 18, 2012 8:22am Jun 18, 2012 8:22am
Quoting PipTrapper
http://www.ijustworship.com/wp-conte...ing-others.png
Allah has permitted trade and has forbidden interest [koran]
  • #37,837
  • Jun 18, 2012 8:22am Jun 18, 2012 8:22am
Quoting Cgb
DOH! Think I need more caffeine this morning. Didn't look far enough.

Thanks FXSwissTrader
I send you PM.
  • #37,838
  • Jun 18, 2012 8:23am Jun 18, 2012 8:23am
We're getting close to the support of both the 100 and 55 EMA on the 4H chart...

Upwards 4H channel has been breached.
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I observe your reality but live my own.
  • #37,839
  • Jun 18, 2012 8:24am Jun 18, 2012 8:24am
Quoting Cgb
Of which year?
this year
Those who say it cannot be done should not interrupt those who are doing it
  • #37,840
  • Jun 18, 2012 8:26am Jun 18, 2012 8:26am
Quoting Skynet
fxswisstrader and afxfin, why don't the two of you go get a room together at a cheap hotel?
Allah has permitted trade and has forbidden interest [koran]
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