EurAnalysis | Page 1951 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #39,001
  • Jun 21, 2012 1:01pm Jun 21, 2012 1:01pm
Quoting BFSGcapital
Wow very nice! is that including total movement between different pairs?

Or did you just do a lot of scalping?
I don't scalp Mr Scissorhands. I don't go into a trade trying to scalp. If it turns against me, I bag the pips and move on. I don't like giving back pips and I'm not greedy. When I'm in the plus, I move my SL to BE immediately. I try to target 50-100 pips per trade.
  • #39,002
  • Jun 21, 2012 1:02pm Jun 21, 2012 1:02pm
GU and UCAD lookin like a hold as risk off sentiment is holding...

Will look to add on any confirmed retests of S/R with proper PA and momentum since the FA is already set for more broad
USD strength And oil has broken very strong support.
  • #39,003
  • Jun 21, 2012 1:03pm Jun 21, 2012 1:03pm
Quoting Cgb
Potential bear flag on the 15M chart...
Bear flag? That's not a bear flag... That's an uptrend
Those who say it cannot be done should not interrupt those who are doing it
  • #39,004
  • Jun 21, 2012 1:03pm Jun 21, 2012 1:03pm
Look at the highs for the recent daily bars. They are almost exact with the daily bollinger band
An opportunity lost is not a capital cost.
  • #39,005
  • Jun 21, 2012 1:04pm Jun 21, 2012 1:04pm
Quoting Cgb
Potential bear flag on the 15M chart...
What about this ???

Bear formation in Daily....
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 94 KB
  • #39,006
  • Jun 21, 2012 1:07pm Jun 21, 2012 1:07pm
Quoting FX Tsunami
What about this ???

Bear formation in Daily....
Nooo. That's an uptrend Just kidding.

The bear flag has reached maturity as price has broken through the lower channel line. Now should be down from here.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,007
  • Jun 21, 2012 1:08pm Jun 21, 2012 1:08pm
Quoting PipTrapper
Bear flag? That's not a bear flag... That's an uptrend
Sorry, I stand corrected. The teacher has spoken, and I always listen to my teacher!
Attached Image
I observe your reality but live my own.
  • #39,008
  • Jun 21, 2012 1:08pm Jun 21, 2012 1:08pm
Quoting BFSGcapital
Look at the highs for the recent daily bars. They are almost exact with the daily bollinger band
That depends on setting of period of your bollinger bands.
"I know one thing, that I know nothing." Sokrates
  • #39,009
  • Jun 21, 2012 1:09pm Jun 21, 2012 1:09pm
Quoting FX Tsunami
What about this ???

Bear formation in Daily....
Yup, you got it!
I observe your reality but live my own.
  • #39,010
  • Jun 21, 2012 1:12pm Jun 21, 2012 1:12pm
Out at 62 for -1, just not going to risk it!

Guessing that was the final stop hunt too before they let it retrace.
An opportunity lost is not a capital cost.
  • #39,011
  • Jun 21, 2012 1:13pm Jun 21, 2012 1:13pm
Quoting PipTrapper
Nooo. That's an uptrend Just kidding.

The bear flag has reached maturity as price has broken through the lower channel line. Now should be down from here.
Hope so.

However, I wait for the day close.
  • #39,012
  • Jun 21, 2012 1:15pm Jun 21, 2012 1:15pm
False breakouts often occur on flag (either bull or bear) where volume does not exceed 150% of previous volume bar. After breakout on low volume, they often return inside trend on same of following candle.
I observe your reality but live my own.
  • #39,013
  • Jun 21, 2012 1:16pm Jun 21, 2012 1:16pm
Quoting BFSGcapital
Out at 62 for -1, just not going to risk it!

Guessing that was the final stop hunt too before they let it retrace.
probably a wise move. Like I told Cgb earlier. I would personally prefer to short an actual retrace, rather than take a long and hope for a retrace.

ADD: The risk is heavily tilted to the downside right now as we have slightly broken the neckline of a double top formation. Target for the pattern to play out (theoretically) is 1.2380
Those who say it cannot be done should not interrupt those who are doing it
  • #39,014
  • Jun 21, 2012 1:16pm Jun 21, 2012 1:16pm
Quoting PipTrapper
Nooo. That's an uptrend Just kidding.

The bear flag has reached maturity as price has broken through the lower channel line. Now should be down from here.
It has faked out before as I have had to redraw the channel a couple times I believe.

But I dont think it will this time

Add: U/CAD just won't let up!
An opportunity lost is not a capital cost.
  • #39,015
  • Jun 21, 2012 1:16pm Jun 21, 2012 1:16pm
Quoting Cgb
Yup, you got it!
Anyway, waiting for the daily close mate.

Already I got fcuked taking a Long hoping for a retracement. I can't lose anymore.

ADD: Thanks for the warning about volume. I wasn't considering that now.
  • #39,016
  • Jun 21, 2012 1:18pm Jun 21, 2012 1:18pm
Quoting BFSGcapital
It has faked out before as I have had to redraw the channel a couple times I believe.

But I dont think it will this time
No bro.... No.... It will not fake this time.....

Hope so
  • #39,017
  • Jun 21, 2012 1:18pm Jun 21, 2012 1:18pm
imo this is no mans land and the next stop down there is ,2329. Bulls should press right now, or they are fooked and we are going heavy down. I hope they will, I would still like to reload at ,285 and it seems less and less likely.

edit: + minor stop at ,25
"I know one thing, that I know nothing." Sokrates
  • #39,018
  • Jun 21, 2012 1:23pm Jun 21, 2012 1:23pm
Quoting BFSGcapital
It has faked out before as I have had to redraw the channel a couple times I believe.

But I dont think it will this time

Add: U/CAD just won't let up!
Yep. That's why I chose it as a good trade. The fundamentals and overall market sentiment were perfectly lined up. It was only a matter of time before it took off. My first target is 1.0350 area where I will take 50% off and let the rest ride up to 1.05xx area with SL@BE
Those who say it cannot be done should not interrupt those who are doing it
  • #39,019
  • Jun 21, 2012 1:24pm Jun 21, 2012 1:24pm
Quoting FX Tsunami
Anyway, waiting for the daily close mate.

Already I got fcuked taking a Long hoping for a retracement. I can't lose anymore.

ADD: Thanks for the warning about volume. I wasn't considering that now.
No problem. And as PT said, I'm now waiting for the retrace to short again (b'cause I also got f&^ked on my attempt to play the retrace).
I observe your reality but live my own.
  • #39,020
  • Jun 21, 2012 1:28pm Jun 21, 2012 1:28pm
Quoting Cgb
No problem. And as PT said, I'm now waiting for the retrace to short again (b'cause I also got f&^ked on my attempt to play the retrace).
So am I. Will short on retrace.

But the question is, Will it ???

ADD: I was planning to short @ 1.2600. But it now looks like it would not come there. However, I ain't deciding anything before the day closes.
15 traders viewing now