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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,281
  • Jun 22, 2012 10:37am Jun 22, 2012 10:37am
I hate the way this market trades sometimes. Theoretically a move above 1.2555 should not have any chance of happening. As its a double top broken neckline.

But this market behaves like a 13 year old girl, so anything is possible.

A move up to the neckline and back down could form a H/S.
An opportunity lost is not a capital cost.
  • #39,282
  • Jun 22, 2012 10:39am Jun 22, 2012 10:39am
This is my USDX chart and keeping a close eye on the FIB numbers. We just hit the 38.2% (or 61.8% if you flip the FIB upsidedown) and we're now puling back from it. Would love to see it close above that level today.
Attached Image (click to enlarge)
Click to Enlarge Name: USDX_Jun22_1133.gif Size: 113 KB
I observe your reality but live my own.
  • #39,283
  • Jun 22, 2012 10:39am Jun 22, 2012 10:39am
Quoting changbachang
gpus ,well it reach that yesterday zone lvl
very nice..
Iam just A pips on the rode :nerd:
  • #39,284
  • Jun 22, 2012 10:43am Jun 22, 2012 10:43am
Quoting Cgb
This is my USDX chart and keeping a close eye on the FIB numbers. We just hit the 38.2% (or 61.8% if you flip the FIB upsidedown) and we're now puling back from it. Would love to see it close above that level today.
that would be fantastic

another look at the dxy
Attached Image (click to enlarge)
Click to Enlarge Name: dxy.gif Size: 27 KB
  • #39,285
  • Jun 22, 2012 10:49am Jun 22, 2012 10:49am
Quoting neuron
that would be fantastic

another look at the dxy
Let's hope that top line on your red FIB Fan breaks!
I observe your reality but live my own.
  • #39,286
  • Jun 22, 2012 10:55am Jun 22, 2012 10:55am
The 1.2520 midpoint( 1.2748- 1.2288) is really holding strong...

Will hold my position without a FA event forcing me out
  • #39,287
  • Jun 22, 2012 10:57am Jun 22, 2012 10:57am
Just talked to my father, he went long silver no less than hour ago.

He's not exactly a good trader, he just does it for the long term, but he did get a good entry. However once $26 handle goes, look out below.

I told him silver will likely fall to the low 20s and hes fine with it.

It's a long term play.
An opportunity lost is not a capital cost.
  • #39,288
  • Jun 22, 2012 11:00am Jun 22, 2012 11:00am
Quoting Cgb
The books say that a calculated target on a Flag formation is the length of the pole (highlighted in chart). This represents 166 pips. If retrace does occur (which it did), then calculated move down is from the retracement. In this case, down 166 pips from 1.2580 making the calculated move down to 1.2414.

Let's see if this plays out...
That will line us up with the 1.2420 support then.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,289
  • Jun 22, 2012 11:00am Jun 22, 2012 11:00am
i think this price action require one to play on the edges and anywhere else price will make once life miserable
Allah has permitted trade and has forbidden interest [koran]
  • #39,290
  • Jun 22, 2012 11:08am Jun 22, 2012 11:08am
Quoting PipTrapper
That will line us up with the 1.2420 support then.


Always nice to see so many different forces align to a specific number. I didn't check with my broker in Florida if the astrological charts also aligned, but I'm sure I'll be able to get a hold of him soon. There's no answer on his phone and the voice mail box seems to be full, so I can't leave a message.
I observe your reality but live my own.
  • #39,291
  • Jun 22, 2012 11:10am Jun 22, 2012 11:10am
Quoting Wulfgar
The 1.2520 midpoint( 1.2748- 1.2288) is really holding strong...

Will hold my position without a FA event forcing me out
Yes it's also the 23.6 fib from 1.3283-1.2288...today it hit my weekly pivot at 1.2582 & bounced back down....so it's trading in that range. gl
  • #39,292
  • Jun 22, 2012 11:10am Jun 22, 2012 11:10am
Quoting Cgb


Always nice to see so many different forces align to a specific number. I didn't check with my broker in Florida if the astrological charts also aligned, but I'm sure I'll be able to get a hold of him soon. There's no answer on his phone and the voice mail box seems to be full, so I can't leave a message.
An opportunity lost is not a capital cost.
  • #39,293
  • Jun 22, 2012 11:15am Jun 22, 2012 11:15am
So. Close. To. TP. One of you millionaires out there wanna bump it down for me?
  • #39,294
  • Jun 22, 2012 11:30am Jun 22, 2012 11:30am
Quoting DrFixit
My nickname is the Thread Killer.



phone the big boys at central banks.
  • #39,295
  • Jun 22, 2012 11:30am Jun 22, 2012 11:30am
Quoting PipTrapper
DJ reports the new Greek finance minister has been taken to the hospital after some sort of collapse
Been gone for a few hours. This seriously happened, or were you just joking?
  • #39,296
  • Jun 22, 2012 11:34am Jun 22, 2012 11:34am
I told you market acts like a 13y old girl

By the way, when gold hit 1530 sometime next week, that's when Euro will bounce probably. Somewhere in the low 1.24s makes sense for 1530 gold. Once 1530 goes E/U will really start to tank.
An opportunity lost is not a capital cost.
  • #39,297
  • Jun 22, 2012 11:36am Jun 22, 2012 11:36am
Quoting Polkm


phone the big boys at central banks.
I'll give it a shot, I'll tell them you sent me.
  • #39,298
  • Jun 22, 2012 11:42am Jun 22, 2012 11:42am
Quoting FXSwissTrader
Been gone for a few hours. This seriously happened, or were you just joking?
Seriously. There must be some voodoo shit going on in Athens.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,299
  • Jun 22, 2012 11:43am Jun 22, 2012 11:43am
http://www.motifake.com/image/demoti...1279771759.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #39,300
  • Jun 22, 2012 11:45am Jun 22, 2012 11:45am
Quoting PipTrapper
Seriously. There must be some voodoo shit going on in Athens.
Wow. That is some serious drama going on there in Greece. Maybe they want to play sympathy card with Merkel.
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