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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #38,121
  • Jun 19, 2012 10:08am Jun 19, 2012 10:08am
Isn't this euro going to pull back?
  • #38,122
  • Jun 19, 2012 10:10am Jun 19, 2012 10:10am
Quoting BFSGcapital
HAHAHAHAHAHA, market hasn't done something like this in quite a while (im talking about the level of intra day exhaustion we have reached without a pullback)

5m RSI at 83...

short 2695
Hi,

respect this BULL market. Do NOT short it.

forexBOOM
  • #38,123
  • Jun 19, 2012 10:10am Jun 19, 2012 10:10am
Quoting Halifax
Yeah I miscalled this one methinks, stopped out now
yeah, i was stopped out too but re entered here at R1 with another tight stop, but this is just insane.. someone must know something..

i mean how many times are we going to do 100% retraces, this is ridiculous,

now approaching 78.6 retrace, without a retrace!

stopped out already, though i know we are about to see the retrace now
An opportunity lost is not a capital cost.
  • #38,124
  • Jun 19, 2012 10:13am Jun 19, 2012 10:13am
i am getting ready as well,this time without any anaesthesia,if price reach 1.2825 im going to be in big position this time with atleast at the minimum 1:3 leverage and if price move favourably then i am going to be really may increase my leverage upto 1:10
Allah has permitted trade and has forbidden interest [koran]
  • #38,125
  • Jun 19, 2012 10:13am Jun 19, 2012 10:13am
Quoting forexboom
Hi,

respect this BULL market. Do NOT short it.

forexBOOM
not very useful advice.. (no reasoning behind it) but lmao at bull market, look at the slope of the "bull" channel (i call it correction), its almost horizontal! thats pathetic for a bull market

unless you are referring to what we are seeing intraday, its not a bull market, just a short squeeze so big players can get great price tomorrow when we resume bear market

add: we have hit my 2nd exhaustion level on 5m, rarely will price go past this intraday..
An opportunity lost is not a capital cost.
  • #38,126
  • Jun 19, 2012 10:14am Jun 19, 2012 10:14am
Maybe SAMA is still in charge
  • #38,127
  • Jun 19, 2012 10:17am Jun 19, 2012 10:17am
I am not consider my self as an expert so please correct me if i am wrong.

As ew rules ABC will complete near last wave 4 which is 2820
Wave A = C, wave A is 380 pips at 2672 wave C start form 2440 and +380 pips is 2820 which is wave 4 zone.
ABC is a zigzags 5,3,5. already 5,3 complete and last 5/c Up is start.
Attached Image (click to enlarge)
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Trend Is Friend
  • #38,128
  • Jun 19, 2012 10:17am Jun 19, 2012 10:17am
Quoting mka_78
Isn't this euro going to pull back?
Yep... Tomorrow, with a vengeance.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,129
  • Jun 19, 2012 10:19am Jun 19, 2012 10:19am
Quoting BFSGcapital
yeah, i was stopped out too but re entered here at R1 with another tight stop, but this is just insane.. someone must know something..

i mean how many times are we going to do 100% retraces, this is ridiculous,
Someone didn't tell the Euro never to go full retard

New demand zone now, nothing to do but try buy it on the retrace. I'm not game to try shorting again, though I would guess that it will probs turn around now. Not sure what the rally is about but I'm sure we will find out
"Don't Panic..."
  • #38,130
  • Jun 19, 2012 10:26am Jun 19, 2012 10:26am
Quoting mka_78
Maybe SAMA is still in charge
Definitely a mini short squeeze. SAMA may be behind it but I am sure this is coordinated action with others or at least perhaps coincidental multilateral action. Tomorrow is FOMC day. Goldman Sacks and Morgan Stanley are both preaching more QE tomorrow. There will not be QE. They just want the market to believe it so they can sell the Euro at a higher price (or buy the USD at a cheaper price).

So far it is working. A nice combination of hopium injection and stop hunting. Nice play. Happens every time. The trick as a retail trader is to recognize it when it happens, otherwise you get butt raped by a big banana.

http://thegenderblenderblog.files.wo...a-flasher1.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #38,131
  • Jun 19, 2012 10:28am Jun 19, 2012 10:28am
Quoting PipTrapper
Yep... Tomorrow, with a vengeance.
so PT...am I hearing you right... your thinking we'll get 2810 before the fed meeting?

X
  • #38,132
  • Jun 19, 2012 10:31am Jun 19, 2012 10:31am
Pardon ignorance: who is SAMA?
  • #38,133
  • Jun 19, 2012 10:31am Jun 19, 2012 10:31am
Quoting PipTrapper
Yep... Tomorrow, with a vengeance.
Inserted Video
  • #38,134
  • Jun 19, 2012 10:32am Jun 19, 2012 10:32am
Quoting PipTrapper
Definitely a mini short squeeze. SAMA may be behind it but I am sure this is coordinated action with others or at least perhaps coincidental multilateral action. Tomorrow is FOMC day. Goldman Sacks and Morgan Stanley are both preaching more QE tomorrow. There will not be QE. They just want the market to believe it so they can sell the Euro at a higher price (or buy the USD at a cheaper price).

So far it is working. A nice combination of hopium injection and stop hunting. Nice play. Happens every time. The trick as a retail trader is...
You think this will reach 1.282 by tomorrow?
ADD: It broke the 38.2, 50, and 61.8 without pulling back.
  • #38,135
  • Jun 19, 2012 10:35am Jun 19, 2012 10:35am
Quoting forextraderx
so PT...am I hearing you right... your thinking we'll get 2810 before the fed meeting?

X
Quoting mka_78
You think this will reach 1.282 by tomorrow?
I don't know if it will reach 1.2810/20 area but it is certainly within the realm of possibilities at this point. As such, that is my target for now.

When tomorrow comes, I will re-evaluate.

One day at a time
Those who say it cannot be done should not interrupt those who are doing it
  • #38,136
  • Jun 19, 2012 10:36am Jun 19, 2012 10:36am
Quoting ERedRick
Pardon ignorance: who is SAMA?
Saudi Arabian Monetary Agency
http://www.sama.gov.sa/sites/SAMAEN/Pages/Home.aspx
  • #38,137
  • Jun 19, 2012 10:38am Jun 19, 2012 10:38am
Quoting mka_78
Saudi Arabian Monetary Agency
http://www.sama.gov.sa/sites/SAMAEN/Pages/Home.aspx
Nice, we create a glossary! So now, what is QE?

Quarter's End? Quality Exchange? Please!!!
  • #38,138
  • Jun 19, 2012 10:39am Jun 19, 2012 10:39am
Quoting mka_78
You think this will reach 1.282 by tomorrow?
ADD: It broke the 38.2, 50, and 61.8 without pulling back.
Oh we'll get a pullback today to 61.8 and perhaps even 50%. 1.2650 was resistance and now has to be tested as support. If the support test passes, more up.

There will most likely even be mini short squeeze version 2 as soon as the Greek parliament officially announces their coalition government.

The rest of the move up will be all driven by QE3 hope/fears
Those who say it cannot be done should not interrupt those who are doing it
  • #38,139
  • Jun 19, 2012 10:40am Jun 19, 2012 10:40am
Allah has permitted trade and has forbidden interest [koran]
  • #38,140
  • Jun 19, 2012 10:42am Jun 19, 2012 10:42am
Quoting flofri
Nice, we create a glossary! So now, what is QE?

Quarter's End? Quality Exchange? Please!!!
Quantitative Easing
Those who say it cannot be done should not interrupt those who are doing it
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