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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #38,981
  • Jun 21, 2012 10:31am Jun 21, 2012 10:31am
What time is NY price fixing at? 2PM EST?

TIA
I observe your reality but live my own.
  • #38,982
  • Jun 21, 2012 10:32am Jun 21, 2012 10:32am
Quoting billytt
keeping the banter going what does anyone think about longing e/u + g/u dow not right now but maybe in a few hours time. I am thinking about directional movement.
Billy,
It may be okay to long e/u on retrace to 1.2645 area is where I think bounce will be capped by confluence of 50% fib of last down and 200smma on 15m.

We'll see. I added on to my short on test back at 1.2577

Its protected by short from 1.2721
  • #38,983
  • Jun 21, 2012 10:32am Jun 21, 2012 10:32am
Quoting FXSwissTrader
Check your PM. I was out for a few hours.
Cool, thanks. I'll check.
I observe your reality but live my own.
  • #38,984
  • Jun 21, 2012 10:33am Jun 21, 2012 10:33am
Hi,

Some banks in the UK will be downgraded tonight (GMT)

Who knows the names of banks?

Sincerely,

S.T
  • #38,985
  • Jun 21, 2012 10:37am Jun 21, 2012 10:37am
Done for the day fellas. +345 pips racked up and in dabank today. . Not counting open trades on U/CAD, A/U and N/U.
  • #38,986
  • Jun 21, 2012 10:41am Jun 21, 2012 10:41am
gf hi bud, i'm sorry i asked now lol ( i trade simple). no matter how much it drops/rises it turns around give me 20/40 pips and i am happy, and as for elliot waves there is a lot going for them as long as you dont think clinical
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,987
  • Jun 21, 2012 10:42am Jun 21, 2012 10:42am
Long E/U @ 2563 for the retrace (and i dont think there will be much of one)
An opportunity lost is not a capital cost.
  • #38,988
  • Jun 21, 2012 10:42am Jun 21, 2012 10:42am
Quoting FXSwissTrader
Done for the day fellas. +345 pips racked up and in dabank today. . Not counting open trades on U/CAD, A/U and N/U.
Wow, impressive Congrats!

Enjoy the rest of the day (buy yourself a nice bottle of wine and share it with good company).
I observe your reality but live my own.
  • #38,989
  • Jun 21, 2012 10:45am Jun 21, 2012 10:45am
Quoting FXSwissTrader
Done for the day fellas. +345 pips racked up and in dabank today. . Not counting open trades on U/CAD, A/U and N/U.
Wow very nice! is that including total movement between different pairs?

Or did you just do a lot of scalping?
An opportunity lost is not a capital cost.
  • #38,990
  • Jun 21, 2012 10:49am Jun 21, 2012 10:49am
Quoting BFSGcapital
Long E/U @ 2563 for the retrace (and i dont think there will be much of one)
Where do you see the retrace going to? Tried to do the same at the 200SMA and got slapped in the face. -14 on that trade

I'm not sure how high the retrace will go. We've come down too much too fast on little news it would seem.

Thoughts on this anybody?
I observe your reality but live my own.
  • #38,991
  • Jun 21, 2012 10:49am Jun 21, 2012 10:49am
Quoting sharteel
Hi,

Some banks in the UK will be downgraded tonight (GMT)

Who knows the names of banks?

Sincerely,

S.T
The report is not out yet. I will post as soon as I know..
Those who say it cannot be done should not interrupt those who are doing it
  • #38,992
  • Jun 21, 2012 10:52am Jun 21, 2012 10:52am
the dax line has been crossed but its still a bit high for my liking, i think i will wait a tad longer for going long. but as they say cut near the bone more meat .good trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #38,993
  • Jun 21, 2012 10:52am Jun 21, 2012 10:52am
Quoting billytt
gf hi bud, i'm sorry i asked now lol ( i trade simple). no matter how much it drops/rises it turns around give me 20/40 pips and i am happy, and as for elliot waves there is a lot going for them as long as you dont think clinical
Is that clinical or technical? The article I refered to did indicate that technical guys (of which I think I'm one) think too much with the left side of the brain and not enough with the right.

Perhaps I should re-read my book "Elliott Wave Principals" and keep Forex in mind this time around. I had equities in mind the first time I read it.
I observe your reality but live my own.
  • #38,994
  • Jun 21, 2012 10:52am Jun 21, 2012 10:52am
Quoting Cgb
Where do you see the retrace going to? Tried to do the same at the 200SMA and got slapped in the face. -14 on that trade

I'm not sure how high the retrace will go. We've come down too much too fast on little news it would seem.

Thoughts on this anybody?
Theoretically, we broke the H4 channel support and at some point we have to retrace to test it as resistance. It may happen before NY close, or overnight in Asian session or not at all.

Remember that theoretically the gap at 1.3090 should have closed. It's still open.

ADD: I would be more inclined to short if it gets there rather than long from here in the hope that it will get there. BTW, there is 1.2600/05
Those who say it cannot be done should not interrupt those who are doing it
  • #38,995
  • Jun 21, 2012 10:54am Jun 21, 2012 10:54am
Quoting PipTrapper
The report is not out yet. I will post as soon as I know..
Thought you had special tea leaves for this kinf of thing...
Attached Image
I observe your reality but live my own.
  • #38,996
  • Jun 21, 2012 10:55am Jun 21, 2012 10:55am
Quoting Cgb
Where do you see the retrace going to? Tried to do the same at the 200SMA and got slapped in the face. -14 on that trade

I'm not sure how high the retrace will go. We've come down too much too fast on little news it would seem.

Thoughts on this anybody?
I'll probably take half off at 1.2590, this may not even be the bottom. Not exactly the smartest trade, we might just consolidate and no retrace.

Catching falling knives has never been my strong suit, I'm much better at taking the knife and sticking it in the bubble
An opportunity lost is not a capital cost.
  • #38,997
  • Jun 21, 2012 10:57am Jun 21, 2012 10:57am
Quoting BFSGcapital
I'll probably take half off at 1.2590, this may not even be the bottom. Not exactly the smartest trade, we might just consolidate and no retrace.

Catching falling knives has never been my strong suit, I'm much better at taking the knife and sticking it in the bubble
Picking bottoms leads to smelly fingers
Those who say it cannot be done should not interrupt those who are doing it
  • #38,998
  • Jun 21, 2012 10:59am Jun 21, 2012 10:59am
Potential bear flag on the 15M chart...
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Jun21_1356.gif Size: 106 KB
I observe your reality but live my own.
  • #38,999
  • Jun 21, 2012 10:59am Jun 21, 2012 10:59am
Quoting PipTrapper
Picking bottoms leads to smelly fingers
I was just about to say...
An opportunity lost is not a capital cost.
  • #39,000
  • Jun 21, 2012 11:00am Jun 21, 2012 11:00am
hi bud, the way i have traded today and i earlier posted in here, i believe they normally put a 20 ema indie on it, and at present e/u is under it so i guess thats another reason to hold tight. but i do not normally go off ema
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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