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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #40,341
  • Jun 28, 2012 10:22am Jun 28, 2012 10:22am
Quoting Cgb
What kind of car is that Doc? I keep looking at where the car's emblem should be but just keep seeing your crotch!
.its toyota
Allah has permitted trade and has forbidden interest [koran]
  • #40,342
  • Jun 28, 2012 10:23am Jun 28, 2012 10:23am
Quoting Cgb
What kind of car is that Doc? I keep looking at where the car's emblem should be but just keep seeing your crotch!
That a horn between those legs lol
  • #40,343
  • Jun 28, 2012 10:25am Jun 28, 2012 10:25am
Quoting berky
Hi PT!

Itīs maybe a stupid question, but do you think itīs a good idea to still short EUR/USD here at this point...around ~1,242x, or would it better to wait for a possible retracement...maybe back to around 1,25 level (or higher) ?

Personally I do not feel very comfortable to short here at 1,242x, since anything coming out from the EU summit today or tommorow / or a general change in sentiment for whatever reason could let the pair go against me... but on the other side I would not want to miss out on a possible further downward move either...(and...
I'm in a similar situation. I took profit on my short from the beginning of the week this morning after it touched the lows and looked like it was getting ready to bounce. Still managed to lock in a nice profit.

Now I want to get back in, but the current tight range 1.242-1.244 does not offer an attractive entry. I am looking for a break to either side of the range before I make my next decision. If it goes up on low volume for the next few hours (I think this is very possible) I will look to get short again as close to 1.25 as I can get. If it breaks below 1.24, I will get short as close to 1.24 as possible. (I am biased to the down side based on longer term charts, so I am only taking short positions right now.)

It's difficult not to be in this thing, but in the long run, I make more money if I wait for these tight ranges to play themselves out.
  • #40,344
  • Jun 28, 2012 10:26am Jun 28, 2012 10:26am
Crude bear flag just broke to the down side. Now at 77.83, down 300 pips on the day. Wow!
I observe your reality but live my own.
  • #40,345
  • Jun 28, 2012 10:27am Jun 28, 2012 10:27am
Quoting sftyler
That a horn between those legs lol
hey both of u shut up,i didnt post that to admire my 2 inch dick
Allah has permitted trade and has forbidden interest [koran]
  • #40,346
  • Jun 28, 2012 10:29am Jun 28, 2012 10:29am
Quoting Cgb
Crude bear flag just broke to the down side. Now at 77.83, down 300 pips on the day. Wow!
Shoulda taken it on 15min TF tdi crossover break. Look how pretty it looks.
  • #40,347
  • Jun 28, 2012 10:29am Jun 28, 2012 10:29am
Quoting sftyler
That a horn between those legs lol
Always a nice accessory for a Toyota.. You from Texas 'ya say?
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I observe your reality but live my own.
  • #40,348
  • Jun 28, 2012 10:31am Jun 28, 2012 10:31am
Quoting FXSwissTrader
Shoulda taken it on 15min TF tdi crossover break. Look how pretty it looks.
I don't have crude as a feed in my MT5 platform It comes from another platform that doesn't have TDI as an indicator (and I'm too lazy to write one for it).
I observe your reality but live my own.
  • #40,349
  • Jun 28, 2012 10:32am Jun 28, 2012 10:32am
Quoting -er-
target?
According to PA rules as I understand them, the target of a bearish pennant formation is the length of the flag pole from the start of the down move to the highest point of the pennant, starting from the breakout point.

In this case it is 1.2523 - 1.2455 = 68 pips

If it breaks out of the pennant at 1.2425, then target would be:
1.2425 - 68 pips = 1.2357... theoretically of course

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Those who say it cannot be done should not interrupt those who are doing it
  • #40,350
  • Jun 28, 2012 10:32am Jun 28, 2012 10:32am
Quoting drzakir123
hey both of u shut up,i didnt post that to admire my 2 inch dick
I don't believe you Doc. I've seen pictures of your wife, she looks pretty happy to me!
I observe your reality but live my own.
  • #40,351
  • Jun 28, 2012 10:38am Jun 28, 2012 10:38am
Quoting Cgb
I don't believe you Doc. I've seen pictures of your wife, she looks pretty happy to me!
Some good things come on small packages
Those who say it cannot be done should not interrupt those who are doing it
  • #40,352
  • Jun 28, 2012 10:40am Jun 28, 2012 10:40am
Quoting Cgb
I don't have crude as a feed in my MT5 platform It comes from another platform that doesn't have TDI as an indicator (and I'm too lazy to write one for it).

Check your PM
  • #40,353
  • Jun 28, 2012 10:44am Jun 28, 2012 10:44am
Quoting Cgb
I don't believe you Doc. I've seen pictures of your wife, she looks pretty happy to me!
Allah has permitted trade and has forbidden interest [koran]
  • #40,354
  • Jun 28, 2012 10:47am Jun 28, 2012 10:47am
Quoting PipTrapper
Any time buddy.

PT you're in Malta? Whereabouts? A college buddy of mine lives in the Santa Maria's I think. I haven't spoken to him in a while but I'm overdue for a visit.
  • #40,355
  • Jun 28, 2012 10:48am Jun 28, 2012 10:48am
PT,

Would there be a NR from the summit at anytime soon?
Wooooohooooo or Boooooohooooo
  • #40,356
  • Jun 28, 2012 10:49am Jun 28, 2012 10:49am
Quoting DrFixit
PT you're in Malta? Whereabouts? A college buddy of mine lives in the Santa Maria's I think. I haven't spoken to him in a while but I'm overdue for a visit.
Nowhere close to Santa Maria Estates. That's too far away from the action.. But really Malta is so small, everywhere is close enough for occasional travel.

When you come for a visit, let me know.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,357
  • Jun 28, 2012 10:51am Jun 28, 2012 10:51am
Quoting gnomoneey
PT,

Would there be a NR from the summit at anytime soon?
There will be lots of comments coming out sporadically and without notice as there has already been today. The official statement will be out after it's over tomorrow.... Hopefully before the markets close for the weekend.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,358
  • Jun 28, 2012 10:52am Jun 28, 2012 10:52am
There's the move above 83.000 on low volume. Never the less, my stop loss on that long was going to be a move above that level, so closed position for a small loss of -5 pips.
I observe your reality but live my own.
  • #40,359
  • Jun 28, 2012 10:54am Jun 28, 2012 10:54am
Quoting Cgb
There's the move above 83.000 on low volume. Never the less, my stop loss on that long was going to be a move above that level, so closed position for a small loss of -5 pips.
At least you avoided any potential damage.
  • #40,360
  • Jun 28, 2012 10:55am Jun 28, 2012 10:55am
taken small short position for scalping purposes
Allah has permitted trade and has forbidden interest [koran]
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