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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #40,241
  • Jun 28, 2012 8:28am Jun 28, 2012 8:28am
Quoting neuron





maybe just a good ol' shakeout http://www.forumsextreme.com/images2/sBo_bouncing.gif

How you do that?
  • #40,242
  • Jun 28, 2012 8:29am Jun 28, 2012 8:29am
Quoting FXSwissTrader
How you do that?
lol that one was from "bouncing" category

http://www.forumsextreme.com/Smilies.html
  • #40,243
  • Jun 28, 2012 8:32am Jun 28, 2012 8:32am
Quoting neuron
lol that one was from "bouncing" category

http://www.forumsextreme.com/Smilies.html
Learn something new in this forum everyday.
  • #40,244
  • Jun 28, 2012 8:32am Jun 28, 2012 8:32am
Quoting Cgb
Crude dropping like a rock here. Down a full $1 in the last 30 minutes....
Is there a reason for this? Not too familiar with trading oil but keep an eye since USDCAD is related. Is upcoming natural gas storage release of any importance?
  • #40,245
  • Jun 28, 2012 8:39am Jun 28, 2012 8:39am
Quoting PipTrapper
Hence your username
hey PT, any chance of U/C reversing at this point?
  • #40,246
  • Jun 28, 2012 8:43am Jun 28, 2012 8:43am
Quoting neuron
Is there a reason for this? Not too familiar with trading oil but keep an eye since USDCAD is related. Is upcoming natural gas storage release of any importance?
Not that I know. What was interesting was to see the US$ stay rock solid as crude dropped. This would indicate that they (whoever they are) were selling US$ in order to keep it at the same level. Or this is what I think...
I observe your reality but live my own.
  • #40,247
  • Jun 28, 2012 8:46am Jun 28, 2012 8:46am
Quoting D2tz
hey PT, any chance of U/C reversing at this point?
Sure there's always a chance, but with the current USD bullish sentiment, I'm not sure it would be a good idea to stand in the way just yet. Let's see how 1.0315 behaves first.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,248
  • Jun 28, 2012 8:47am Jun 28, 2012 8:47am
Its waiting to unleash the bear or bull. will be done within 1hour.

within next 30 minutes, market love to rocks.
  • #40,249
  • Jun 28, 2012 8:48am Jun 28, 2012 8:48am
Quoting D2tz
hey PT, any chance of U/C reversing at this point?
u/cad has been on a rising wedge and current price is resistance zone...
Wooooohooooo or Boooooohooooo
  • #40,250
  • Jun 28, 2012 8:48am Jun 28, 2012 8:48am
Quoting sisse
Well without knowing the exact details of "empty" I can only give you by TA/FA scenarios in play.
....
Great analysis man, as usual. Though thats not exactly what I was looking for. I think they will somewhat adress all issues. I am pretty sure, they will present comprehensive solution. In one press conference. By the word empty, I mean empty. They will promise to adress all issues you have pointed out but do nothing. Imo this is what caused that spike back in October. 450 pips man. And thats why I need to know the date of easing swap rates you and PT were talking about.

T
"I know one thing, that I know nothing." Sokrates
  • #40,251
  • Edited 9:04am Jun 28, 2012 8:50am | Edited 9:04am
Quoting D2tz
hey PT, any chance of U/C reversing at this point?
I'm not speaking for PT but I will add my observation.

With U/CAD breaking through the 23.6% fib(1.0295) retrace from April-June H/L, If we close above it, I don't see anything that will slow this pair down til maybe the 1.04/1.0420 level. There you run into an upper downtrend line. You also have the +2 overshoot of MML at 1.0406. Of course unless you may be talking about a scalp, then anything is possible.
  • #40,252
  • Jun 28, 2012 8:52am Jun 28, 2012 8:52am
Market talk of Asian central bank on the Bid in GPB.
  • #40,253
  • Jun 28, 2012 8:52am Jun 28, 2012 8:52am
So here's my bear flag (a new one) formed from today's action.

The pole length is 108 pips, so if we're a bear, you'll watch for a break of the flag to the down side on high volume (with a potential pullback like we saw last week). If it breaks at 1.2424, this would put the calculated target at 1.2316 ...

Now look at the second chart. This morning I mentioned that if we break the 1.2410 area, we'd have a next target of my daily down channel. If this bear flag pans out, it puts the target exactly at the lower trend line of that daily down channel.

Here's to hoping it works out!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Jun28_0940.gif Size: 142 KB
Click to Enlarge Name: EURUSD_Jun28_0948.gif Size: 175 KB
I observe your reality but live my own.
  • #40,254
  • Jun 28, 2012 8:57am Jun 28, 2012 8:57am
hi guys, thanks a lot for all your inputs for newbies like us... just a simple query for a trade in any pair.....what lot size do you guys trade..say 5 or 10 lot per trade, say assuming you have an account of USD 10k as principal fund lying there...i see you folks outting large SL & then putting long limits to close the trade...what do you suggest for newbies like me....thx...
  • #40,255
  • Jun 28, 2012 8:59am Jun 28, 2012 8:59am
Quoting gnomoneey
u/cad has been on a rising wedge and current price is resistance zone...
I don't see a rising wedge.. I see a rising channel.

USD/CAD H1
Attached Image (click to enlarge)
Click to Enlarge Name: uc-h1.gif Size: 70 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #40,256
  • Jun 28, 2012 9:02am Jun 28, 2012 9:02am
Quoting Cgb
So here's my bear flag (a new one) formed from today's action.

The pole length is 108 pips, so if we're a bear, you'll watch for a break of the flag to the down side on high volume (with a potential pullback like we saw last week). If it breaks at 1.2424, this would put the calculated target at 1.2316 ...

Now look at the second chart. This morning I mentioned that if we break the 1.2410 area, we'd have a next target of my daily down channel. If this bear flag pans out, it puts the target exactly at the lower trend line of that daily down...
Great T/A

http://www.seeklogo.com/images/T/The...eklogo.com.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #40,257
  • Jun 28, 2012 9:02am Jun 28, 2012 9:02am
Quoting PipTrapper
I don't see a rising wedge.. I see a rising channel.

USD/CAD H1
Attachment
maybe i'm looking at it wrong...
still a newbie
Attached Image (click to enlarge)
Click to Enlarge Name: ucadh4.gif Size: 25 KB
Wooooohooooo or Boooooohooooo
  • #40,258
  • Jun 28, 2012 9:03am Jun 28, 2012 9:03am
Quoting FXSwissTrader
I'm not speaking for PT but I will add my observation.

With U/CAD breaking through the 23.6% fib(1.0295) retrace from April-June H/L, If we close above it, I don't see anything that will slow this pair down til maybe the 1.04/1.0420 level. There you run into an upper downtrend line. Of course unless you may be talking about a scalp, then anything is possible.
Yep that's pretty much spot on but we have to break yesterday's high first.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,259
  • Jun 28, 2012 9:05am Jun 28, 2012 9:05am
Quoting gnomoneey
maybe i'm looking at it wrong...
still a newbie
No worries. This is how you learn. Post what you believe to be true and then the truth will come.

http://www.aboutcurrency.com/images/...isingwedge.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #40,260
  • Jun 28, 2012 9:07am Jun 28, 2012 9:07am
hello all how was thing going for PT and all see the previous info provided by PT has rock the room generally.

Today target of 1.2525 was reached( although i enter 1.2491 area shorting it at early Japan Time today. closed at 1.2429 with 62 pips green)

currently the hourly trend seem to be tracing back to a probably 1.248~1.250 area. then moving back down in another 6hrs before end of NY session generally.

the next entry is again 1.2470~1.490 range shorting again the session for today before a probable move done in rage tomorrow by end of the week session to 1.2320~1.2340 range.

that my opinion for today
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