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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #40,461
  • Jun 28, 2012 10:29pm Jun 28, 2012 10:29pm
Quoting ferndog
Price was right at 61.8 fib which was the recent high and low from 1.2747 high to low of 1.2288...so i was keeping an eye on this and had a feeling this was going to reverse and it sure did.
I should've listened to PT
  • #40,462
  • Jun 28, 2012 10:30pm Jun 28, 2012 10:30pm
Quoting Luis Carlos
Ty bro. That is what I call a BEAR TRAP!!!
when it settles we wait all day for retrace and summit info will be release after the market closes friday for an asian monday gap up....
luis,

how did this play with your ew?
Wooooohooooo or Boooooohooooo
  • #40,463
  • Jun 28, 2012 10:35pm Jun 28, 2012 10:35pm
Quoting ferndog
2611 is my weekly pivot and then comes the monthly at 2660...don't know if it goes throught all of that....i will let it come down and then buy it.
ferndog
it seems to be respecting 2611
let's see if this is all what's left of this rise...
Wooooohooooo or Boooooohooooo
  • #40,464
  • Jun 28, 2012 10:43pm Jun 28, 2012 10:43pm
Just banked a long from 1.2410 to 1.2600. Had the 2600 target there for a target next week hopefully. Phone vibrates in front of me saying it took profit.. was like what in the f... Short from 1.2610 with a very tight stop, looking for 40-50 pips.
  • #40,465
  • Jun 28, 2012 10:43pm Jun 28, 2012 10:43pm
we are now a reverse from this morning's flag...
we now have another one...
how many more of these flags...it's going to bankrupt or make millionaires..
Wooooohooooo or Boooooohooooo
  • #40,466
  • Jun 28, 2012 10:47pm Jun 28, 2012 10:47pm
Quoting forexboom
On 1D chart a bearish bat is forming. I'm entering now long with a sl below 1.2291 and a tp of 1.3170. This is just my trade idea.

forexBOOM
Hi
I just waked up I'm GREEN, 3 full lots!!! Here in Italy are 5:51am. Hope the bat to go to target, now sl be, taken 1/3 profit.

Forex BOOM
  • #40,467
  • Jun 28, 2012 10:49pm Jun 28, 2012 10:49pm
last post then sleep
something to think about
last three moves have been up then down 2x then up 2x last down.
would that mean that it'll be down 2x this move 400 pips or so?
hmmm interesting...
50% retrace is 1.2537 area....close to last retrace of down flag

good night all
Wooooohooooo or Boooooohooooo
  • #40,468
  • Jun 28, 2012 10:51pm Jun 28, 2012 10:51pm
Quoting gnomoneey
when it settles we wait all day for retrace and summit info will be release after the market closes friday for an asian monday gap up....
luis,

how did this play with your ew?
Man, I dont wanna think right now... But looking the chart fast. Downtrend should continue until market doesnt break the @jun 20 highs in all pairs...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #40,469
  • Jun 28, 2012 10:52pm Jun 28, 2012 10:52pm
looks like a good retracemnt point at
1.2574 actually a fib lvl 0.500 and a R2 pivot point. both lined out perfectly.
  • #40,470
  • Jun 28, 2012 10:56pm Jun 28, 2012 10:56pm
Wow, my head is spinning and I need to sleep.

Congrats to those who took a long from the lower levels and for those who are short, hope you not hurting too much.

G'Night all, see you tomorrow morning.
I observe your reality but live my own.
  • #40,471
  • Jun 28, 2012 11:00pm Jun 28, 2012 11:00pm
I was not expecting nor was I prepared for a move like this. It went through all three entry and stop orders I had all the way to 1.2600

I'm not usually surprised by moves in the market but 1.2600 in a split second???? I'm using FXCM and my orders got executed before any of the alerts I had in place made a sound. I went for juice in the fridge come on

I got clobbered, and now i'm left with one short position that i hope will help me recover. might as well become more of a position trader I'm gonna take a walk.

Can someone tell me who was the jerk that did it? Who opened their big mouth? I really want to know
  • #40,472
  • Jun 28, 2012 11:08pm Jun 28, 2012 11:08pm
Quoting Cgb
Wow, my head is spinning and I need to sleep.

Congrats to those who took a long from the lower levels and for those who are short, hope you not hurting too much.

G'Night all, see you tomorrow morning.
another good spike expected in european session !! what do u think guys ?
“Don't cry because it's over, smile because it happened.”
  • #40,473
  • Jun 28, 2012 11:20pm Jun 28, 2012 11:20pm
Quoting forexboom
Hi
I just waked up I'm GREEN, 3 full lots!!! Here in Italy are 5:51am. Hope the bat to go to target, now sl be, taken 1/3 profit.

Forex BOOM
forexboom, congratulation .
I just came back from the meeting open my terminal suprise to see such move ........ look at EJ may be BoJ also involed ...
  • #40,474
  • Jun 28, 2012 11:20pm Jun 28, 2012 11:20pm
Quoting gnomoneey
ferndog
it seems to be respecting 2611
let's see if this is all what's left of this rise...
Yup...i think it will be hard to get through here and then the monthly after that.
  • #40,475
  • Edited Jun 29, 2012 2:41am Jun 28, 2012 11:36pm | Edited Jun 29, 2012 2:41am
Quoting Desouza
I was not expecting nor was I prepared for a move like this. It went through all three entry and stop orders I had all the way to 1.2600

I'm not usually surprised by moves in the market but 1.2600 in a split second???? I'm using FXCM and my orders got executed before any of the alerts I had in place made a sound. I went for juice in the fridge come on

I got clobbered, and now i'm left with one short position that i hope will help me recover. might as well become more of a position trader I'm gonna take a walk.

Can someone tell me who...
IMO at this time Asian Session, other than the EU summit hopium , must be something to do with BoJ & CBs.... look at EJ pair . GU , UC
  • #40,476
  • Jun 28, 2012 11:41pm Jun 28, 2012 11:41pm
I have been moaning my balls off for days,up up please.
Last night i closed my longs,except for one.
This saved my ass,the small hedge.
Of course the long was taken out

Still what happened to the massive move down.
Still holding a small short
Is it going to crawl back down

Glad my trades are small so the biggest bulls ups usual pan out ok in the end
  • #40,477
  • Edited Jun 29, 2012 12:18am Jun 28, 2012 11:42pm | Edited Jun 29, 2012 12:18am
Quoting AlwaysLost
Hi Wulfgar, that good update .

I'm only trade EU. Waiting EU Summit official anouncement. If the PA move north am waiting to catch the high . Will short from there on reversal. Just expose 1% of my equity and ready with second and third line ammo. If the PA break 1.2525-1.2585 that good for my short. Depend on the momentum and review accordingly.
Right on. I hope you got short on that spike then!

Unfortunately I was afk and a few of my remaining positions were taken out at BE(namely EU 1.2499 and GU 1.5547/1.5599

From a fundie point of view this whole thing may fall apart is merkel says it's all a pipe dream. Btw can anyone tell me how Italy and Spain can renounce seniority on Loans? Did all 17 signitaries agree to a forever cramdown exchange offer? I doubt it. I hate to be bearish about all this but this band-aid reminds me of the October 2011 Greek bailout.... That ended well(not really)


The 1.2502-1.2520 is the breakout channel to the downside once more.. Above we have the 1.2667 and the big one at 1.2748

I'll reassess when London opens and merkel speaks.

Thanks a lot Von grumpy.... U cost me a nice position!
  • #40,478
  • Jun 28, 2012 11:49pm Jun 28, 2012 11:49pm
Quoting forexboom
Hi
I just waked up I'm GREEN, 3 full lots!!! Here in Italy are 5:51am. Hope the bat to go to target, now sl be, taken 1/3 profit.

Forex BOOM
I remember your original post and am happy for you!!!

... Happened to be at the computer during the spike and didn't get to my limit orders in time - good lesson for me as I scrambled to close them. Doing great on low buys though. German retail sales might add to strength of bulls tonight; due out in around an hour.
  • #40,479
  • Edited 2:37am Jun 29, 2012 12:40am | Edited 2:37am
Quoting Wulfgar
Right on. I hope you got short on that spike then!

Unfortunately I was afk and a few of my remaining positions were taken out at BE(namely EU 1.2499 and GU 1.5547/1.5599)

From a fundie point of view this whole thing may fall apart is merkel says it's all a pipe dream. Btw can anyone tell me how Italy and Spain can renounce seniority on Loans? Did all 17 signitaries agree to a forever cramdown exchange offer? I doubt it. I hate to be bearish about all this but this band-aid reminds me of the October 2011 Greek bailout.... That ended well(not really)

From...
I missed the move. I was in the meeting. When came back the price already at 23 fibo. I didn't set limit order because of EJ pairs.. BoJ any moment due for intervention and the hopium from EU summit. It is better to do it manually. Just put small short @ 1.2579 (0.1 % of my equity). See how PA behave during Tokyo closed and London open / NY session. Overall I'm still bearish.


I totally agreed with ur technical view. The spike just temporary . Considered as correction .
ADD : My short was hit at BE. Better to stay away let the hopium faded away first.
  • #40,480
  • Jun 29, 2012 12:49am Jun 29, 2012 12:49am
This Week +19.67% (-2.62%)
i am a happy man

using support resistance. 4hr. 1hr and usd index.

and ignore what others said about buy or sell.
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