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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #41,161
  • Jul 5, 2012 8:31am Jul 5, 2012 8:31am
Quoting D2tz
Good job Ken.
The 2 pairs are not correlating much anymore. Fundies and other factors have taken over.
Just cash out and break even rather than stay with you abnormal leverage and stand to lose more.
Daily candle on U/CAD doesn't look very bearish IMO.
  • #41,162
  • Jul 5, 2012 8:31am Jul 5, 2012 8:31am
Quoting Vtmn
US markets opening really soon
here we go
How to Win at Sports Betting: DON'T DO IT!
  • #41,163
  • Jul 5, 2012 8:32am Jul 5, 2012 8:32am
Quoting D2tz
Good job Ken.
The 2 pairs are not correlating much anymore. Fundies and other factors have taken over.
Just cash out and break even rather than stay with you abnormal leverage and stand to lose more.
Thanks.

Yeah I did cash out with change after BE. Never made green pip on UC pair. Don't know why
  • #41,164
  • Jul 5, 2012 8:33am Jul 5, 2012 8:33am
Quoting Vtmn
here we go
Welcome to the board Miss Estonia.
  • #41,165
  • Jul 5, 2012 8:35am Jul 5, 2012 8:35am
Quoting FXSwissTrader
Daily candle on U/CAD doesn't look very bearish IMO.
I agree.
I am very ready to close the position at any time.
If that time will come it's probably at my preset Stop loss @ 1.0154

Let's also remember that candle appearance is really not what will determine direction. If e/u just slows down a bit it will give u/c a dying chance to make new lows
  • #41,166
  • Jul 5, 2012 8:37am Jul 5, 2012 8:37am
Quoting Cgb
Any numbers below 1.2400???
yep 1.2399 and lower are all below 1.2400
Those who say it cannot be done should not interrupt those who are doing it
  • #41,167
  • Jul 5, 2012 8:38am Jul 5, 2012 8:38am
Quoting FXSwissTrader
Have you looked at the E/CAD pair? USD and CAD are of equal strength and is ranging today. Not a good match-up for intraday IMO.

hi..can you tell me any analyize n eur/cad plz...what do u think is the support..it has crossed all the suppot levels..when do u think it will time to buy? thankyou'
ash
  • #41,168
  • Jul 5, 2012 8:39am Jul 5, 2012 8:39am
Quoting FXSwissTrader
Welcome to the board Miss Estonia.
PS: ma ei ole tüdruk, see pilt on facebookist võetud "südamelähedane".

Google it
How to Win at Sports Betting: DON'T DO IT!
  • #41,169
  • Jul 5, 2012 8:39am Jul 5, 2012 8:39am
Quoting D2tz
Fo 25 basis points? Wouldn't the transactional fee exceed that difference?
Not when you're a big boy. Transaction fees are for us lowly retail traders... not institutions.
Those who say it cannot be done should not interrupt those who are doing it
  • #41,170
  • Jul 5, 2012 8:42am Jul 5, 2012 8:42am
Quoting Vtmn
PS: ma ei ole tüdruk, see pilt on facebookist võetud "südamelähedane".

Google it
ROFL
  • #41,171
  • Jul 5, 2012 8:43am Jul 5, 2012 8:43am
Quoting ash_k
hi..can you tell me any analyize n eur/cad plz...at do u think is the support..it has crossed all the suppot levels..when do u think it will time to buy? thankyou'
ash
Sorry but I don't trade that pair but by just looking at the daily chart, it looks as though it may have broken out of it's trading range last two days.
  • #41,172
  • Jul 5, 2012 8:44am Jul 5, 2012 8:44am
Quoting Vtmn
PS: ma ei ole tüdruk, see pilt on facebookist võetud "südamelähedane".

Google it
Then I take it all back. Back to E/U thread for you! Imposter.
  • #41,173
  • Jul 5, 2012 8:45am Jul 5, 2012 8:45am
Seems like Monthly S1 and Daily S3 are today's floor. Gold not holding below $1600 and crude back to yesterday's levels. US$ hit high of $83.050 (.005 above last spike) before pulling back.

TDI now clearly indicating a turnaround on all timeframes except daily.

Time to take an intraday long for 20-50 points?

OMG! I used the word long in EurAnalysis thread. Hope PT doesn't ban me for that!
I observe your reality but live my own.
  • #41,174
  • Jul 5, 2012 8:47am Jul 5, 2012 8:47am
Quoting Ken A
Thanks.

Yeah I did cash out with change after BE. Never made green pip on UC pair. Don't know why
Perhaps a slight lack of patience. U/CAD still has a very strong bullish structure... especially now that price has reached and bounced off the 200 day moving average and the 50% fibo.

When a major MA is breached, it is always retested before a continuation. As you can see from the daily chart, it was breached to the upside in May and this is now the retest. Expect an awesome bounce now.

Attached Image (click to enlarge)
Click to Enlarge Name: uc-d1.gif Size: 20 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #41,175
  • Jul 5, 2012 8:50am Jul 5, 2012 8:50am
Quoting Cgb
Seems like Monthly S1 and Daily S3 are today's floor. Gold not holding below $1600 and crude back to yesterday's levels. US$ hit high of $83.050 (.005 above last spike) before pulling back.

TDI now clearly indicating a turnaround on all timeframes except daily.

Time to take an intraday long for 20-50 points?

OMG! I used the word long in EurAnalysis thread. Hope PT doesn't ban me for that!
Looks pretty oversold on smaller Tf, but 4hr still has more downside to go. Probably not today. Just remember that on 4hr TF, it can continue to go hundreds of pips below 32 level before it actually shows any kind of reversal. Plus the slope is pretty severe. Just keep in mind.
  • #41,176
  • Jul 5, 2012 8:51am Jul 5, 2012 8:51am
Quoting PipTrapper
Perhaps a slight lack of patience. U/CAD still has a very strong bullish structure... especially now that price has reached and bounced off the 200 day moving average and the 50% fibo.

When a major MA is breached, it is always retested before a continuation. As you can see from the daily chart, it was breached to the upside in May and this is now the retest. Expect an awesome bounce now.

Attachment
  • #41,177
  • Jul 5, 2012 8:54am Jul 5, 2012 8:54am
Quoting FXSwissTrader
Looks pretty oversold on smaller Tf, but 4hr and daily still has more downside to go. Probably not today. Just remember that on 4hr TF, it can continue to go hundreds of pips below 32 level before it actually shows uptick. Just keep in mind.
Go baby go! Just seemed that we're forming a bottom here based on PA.

However, you are very right, this could only be a sideways correction which would have the effect of moving the trigger line sideways and perhaps a little upwards which the deviation line remains the same. I've seen this pattern several times and then the trigger line (green) takes another nose dive to finally hit the deviation line a second time.

This is where the grasshoper has difficulties... Patience
I observe your reality but live my own.
  • #41,178
  • Jul 5, 2012 8:58am Jul 5, 2012 8:58am
Quoting Cgb
Go baby go! Just seemed that we're forming a bottom here based on PA.

This is where the grasshoper has difficulties... Patience
Patience Grasshopper!
Attached Image
  • #41,179
  • Jul 5, 2012 8:58am Jul 5, 2012 8:58am
Quoting FXSwissTrader
Welcome to the board Miss Estonia.
Ehem.. I think that's MR. Estonia buddy
Those who say it cannot be done should not interrupt those who are doing it
  • #41,180
  • Jul 5, 2012 9:00am Jul 5, 2012 9:00am
Quoting PipTrapper
Perhaps a slight lack of patience. U/CAD still has a very strong bullish structure... especially now that price has reached and bounced off the 200 day moving average and the 50% fibo.

When a major MA is breached, it is always retested before a continuation. As you can see from the daily chart, it was breached to the upside in May and this is now the retest. Expect an awesome bounce now.

Attachment
But what if we get tomorrow good canadian data and bad us one?
still didn't enter any uc trades, waiting for tomorrow
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