EurAnalysis | Page 1911 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #38,201
  • Jun 19, 2012 1:06pm Jun 19, 2012 1:06pm
Quoting PipTrapper;5774301[B
]Big wet kiss[/b]? No way man. I'm not explaining anything now.

It's quite simple really. I've seen it before. look at all the other main CAD crosses such EUR/CAD, GBP/CAD, AUD/CAD & CHF/CAD. They are all rallying along side the same USD crosses.

So if EUR/CAD and EUR/USD rally at the same pace, then it quite obvious that USD/CAD stays flat.

Add to that the fact that what's bad for USD is bad for CAD, and don't discount intervention by BOC coz a strong CAD against USD is not good for the Ontario manufacturing sector.

Besides, the USD/CAD is well supported at current levels for technical reasons.

Falling wedge and 55 Day ema coupled with historical support.

I'm not saying it won't fall but so far it's holding.

...and yes, this could very well be an H/S pattern about to collapse.

Attachment
Good explanation and you get the big wet kiss award

Your chart is also showing a falling wedge which when formed at the top of a upwards trend is a continuation pattern and would then, of course, negate the head and shoulders.
Attached Image
I observe your reality but live my own.
  • #38,202
  • Jun 19, 2012 1:12pm Jun 19, 2012 1:12pm
Closed half at 2715, letting the other bit run to 2700 hopefully
An opportunity lost is not a capital cost.
  • #38,203
  • Jun 19, 2012 1:14pm Jun 19, 2012 1:14pm
Closed long for +16 as everything I'm looking at right now is screaming overbought. Will wait for indies to cool down.
I observe your reality but live my own.
  • #38,204
  • Jun 19, 2012 1:18pm Jun 19, 2012 1:18pm
Quoting Cgb
Closed long for +16 as everything I'm looking at right now is screaming overbought. Will wait for indies to cool down.
Don't expect much tomorrow other than maybe some more short covering leading up to the FOMC rate statement. Therefore long positions should be relatively safe, but we are overbought right now. Need a sideways correction.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,205
  • Jun 19, 2012 1:18pm Jun 19, 2012 1:18pm
Quoting PipTrapper
All my positions are long term investments. I did take partial profit on the 1.27050 position though and I added the closed lottage I took off it to the next position up at 1.27610.

Yes all the positions are the same. So, I have 1.27610 and 1.28100. Also just in case this turd of a pair goes ballistic, I also have limit orders at 1.28868 and 1.29494

I'm ready, well camouflaged, got my rifle loaded and ready to fire. Just waiting for Mr. Market to show up

http://airsoftsniperclub.webs.com/sniper%20badget.jpg
Didn't trade much today since I was out most of the day but did manage a long E/U position for +70 pips. No conviction to hold long overnight. Hope everyone did well.
  • #38,206
  • Jun 19, 2012 1:20pm Jun 19, 2012 1:20pm
Quoting FXSwissTrader
Didn't trade much today since I was out most of the day but did manage a long E/U position for +70 pips. No conviction to hold long overnight. Hope everyone did well.
You didn't miss much then. Congrats on the +70 pips
Those who say it cannot be done should not interrupt those who are doing it
  • #38,207
  • Jun 19, 2012 1:22pm Jun 19, 2012 1:22pm
Changing the green count. This is correct.

Green and red counts are perfect. Yellow has some troubles...
Attached Image (click to enlarge)
Click to Enlarge Name: eu15minN.PNG Size: 57 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #38,208
  • Jun 19, 2012 1:26pm Jun 19, 2012 1:26pm
Quoting PipTrapper
You didn't miss much then. Congrats on the +70 pips
PT. Have you looked at E/J lately? I'm looking at 100.75/80 area as a potential tough resistance area for possible short opportunity. Any thoughts?
  • #38,209
  • Jun 19, 2012 1:28pm Jun 19, 2012 1:28pm
Quoting forexboom
Hi FXMindset,

I agree with you totally. I'm long. I don't know WHY so many traders here try to short this market!!!!

Good luck to us, my profit is 1.2829.

forexBOOM
ever heard of saying,trend is ur friend.
what u have to do now is open ur daily chart and then put ur cursor on 29 feb top at 1.3485 and follow the price slowly with it.very slowly ok to right of chart and now tell us where is major flow of price is going.now comes to june1st price fall to 1.2288 a very hard surface and what happen, price bounced,and what do u call it,u call it dead cat bounce and thats what ur seeing now.u got it mister.so calm down and start concentrating on price. by the way i made most of the money on long side this month and now i am just keeping my tools in asceptic condition so that once it reach my level this bull will be castrated,nicely and cleanly.
Allah has permitted trade and has forbidden interest [koran]
  • #38,210
  • Jun 19, 2012 1:29pm Jun 19, 2012 1:29pm
Guys. I have a mathematical question I have been solving for weeks. I know it can be done somehow, but I dont know how and I will be really happy if some of you can make it. I know it can be done, because someone did this in zigzag mql script. Yet as I am currently at start with mql, I cant translate whole code.

I am looking for equation, which will select highs and lows from timeserie. My current program for this issue runs awfully long, as timeseries I am dealing with have around 5000 rows in excel and I made very sick and complicated program to reach this goal.

So, if you are brilliant mathematician and willing to help, I would be really glad.

T
"I know one thing, that I know nothing." Sokrates
  • #38,211
  • Jun 19, 2012 1:32pm Jun 19, 2012 1:32pm
Quoting Luis Carlos
Changing the green count. This is correct.

Green and red counts are perfect. Yellow has some troubles...
That white 4 could be any number between 1.263-1.268, break 1.263 the count is the red one.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #38,212
  • Jun 19, 2012 1:32pm Jun 19, 2012 1:32pm
Quoting Tom_D_Trader
Guys. I have a mathematical question I have been solving for weeks. I know it can be done somehow, but I dont know how and I will be really happy if some of you can make it. I know it can be done, because someone did this in zigzag mql script. Yet as I am currently at start with mql, I cant translate whole code.

I am looking for equation, which will select highs and lows from timeserie. My current program for this issue runs awfully long, as timeseries I am dealing with have around 5000 rows in excel and I made very sick and complicated...
PM me your email address. I'll help you. Or Skype name if you use it.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,213
  • Jun 19, 2012 1:34pm Jun 19, 2012 1:34pm
Quoting -er-
i like thise counting chart :>}...
u work white elliot mainly?
Hi, I dont know what you mean with "white"
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #38,214
  • Jun 19, 2012 1:38pm Jun 19, 2012 1:38pm
Merkel spoils the party too early... as usual.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #38,215
  • Jun 19, 2012 1:40pm Jun 19, 2012 1:40pm
Quoting Cgb
Closed long for +16 as everything I'm looking at right now is screaming overbought. Will wait for indies to cool down.

3.5x leverage on that short, as like you say, it was screaming overbought (which is one of the only reasons i shorted with that much leverage)

Closed other bit at 90, leaving small position on the table incase we dont go any higher tomorrow so I will have a small short position 1:1 to ride to the abyss
An opportunity lost is not a capital cost.
  • #38,216
  • Jun 19, 2012 1:41pm Jun 19, 2012 1:41pm
26 pips .

not bad..




:>}
Attached Image (click to enlarge)
Click to Enlarge Name: eu dis2.gif Size: 14 KB
Iam just A pips on the rode :nerd:
  • #38,217
  • Jun 19, 2012 1:44pm Jun 19, 2012 1:44pm
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dollar1.png Size: 51 KB
Click to Enlarge Name: dollar.PNG Size: 58 KB
Click to Enlarge Name: dollar19.PNG Size: 58 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #38,218
  • Jun 19, 2012 1:45pm Jun 19, 2012 1:45pm
From today's low to today's high, we are potentially looking at a first retrace to 1.2670ish
I observe your reality but live my own.
  • #38,219
  • Jun 19, 2012 1:47pm Jun 19, 2012 1:47pm
Quoting BFSGcapital
3.5x leverage on that short, as like you say, it was screaming overbought (which is one of the only reasons i shorted with that much leverage)

Closed other bit at 90, leaving small position on the table incase we dont go any higher tomorrow so I will have a small short position 1:1 to ride to the abyss
Well done!
I observe your reality but live my own.
  • #38,220
  • Jun 19, 2012 1:47pm Jun 19, 2012 1:47pm
Quoting -er-
26 pips .

not bad..




:>}
I am short also from 1.2725, I am still keeping the short
Stocktwit: LuisCarlos - twitter: @lcparodi
14 traders viewing now