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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #42,041
  • Jul 10, 2012 7:48am Jul 10, 2012 7:48am
Quoting PipTrapper


http://sphotos.xx.fbcdn.net/hphotos-...60514467_n.jpg
Darnit if it isnt my old sailing buddy from the BVI - all dressed up as a preacher-man.......I can testify that after 2 of his Absolute Cocktails, you'll believe anything.....and remember none of it later, when you wake up http://www.forexfactory.com/images/icons/icon11.gif

PS .....Sell Limit 1 pip below the MS 1 level of 1.2283
Trading Levels with WRBs
  • #42,042
  • Jul 10, 2012 7:53am Jul 10, 2012 7:53am
Quoting Cgb
WooHoo!

NOTE: Watch for potential retrace to lower channel of flag and reload there...
I re positioned the channel. Let's see if the redrawn support holds as resistance.

E/U M15
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Those who say it cannot be done should not interrupt those who are doing it
  • #42,043
  • Jul 10, 2012 8:00am Jul 10, 2012 8:00am
Quoting PipTrapper
I re positioned the channel. Let's see if the redrawn support holds as resistance.

E/U M15
Attachment
I have done the same but my angle is slightly different than yours. I used the bull flag formed on the USDX and breakout level on that to match my bear flag on E/U. So I now have resistance on E/U at about 1.2290 where I've place a sell limit.

Now comes the hardest part in trading... WAITING!

ADD: 1.2281 is Daily S1 which will offer some resistance...
I observe your reality but live my own.
  • #42,044
  • Jul 10, 2012 8:00am Jul 10, 2012 8:00am
Quoting PipTrapper
Cheers. The purpose of this thread is for sharing and learning. Submit what you know. Take what you need. Ignore what you don't like. An open mind has much more potential to learn something new. Once you believe that you are done learning, you will always see other methods as dumb.
PT if u keep doing that u will become a sufi and u will distribute ur wealth to poor ppl like us
Allah has permitted trade and has forbidden interest [koran]
  • #42,045
  • Jul 10, 2012 8:10am Jul 10, 2012 8:10am
Quoting Tom_D_Trader
PT, you are really great and patient leader of the thread. May I just twist the last sentence a little bit?

Once you believe that you are done learning, market will eat you within second.

T
Allah has permitted trade and has forbidden interest [koran]
  • #42,046
  • Jul 10, 2012 8:12am Jul 10, 2012 8:12am
Quoting drzakir123
PT if u keep doing that u will become a sufi and u will distribute ur wealth to poor ppl like us
Perhaps. That is not for me to determine... only to wish for. I leave the rest to fate
Those who say it cannot be done should not interrupt those who are doing it
  • #42,047
  • Jul 10, 2012 8:12am Jul 10, 2012 8:12am
Watch crude here... This could be another fear trade coming along.

"Interfax is reporting that Russia has dispatched warships to Syria today."
I observe your reality but live my own.
  • #42,048
  • Jul 10, 2012 8:14am Jul 10, 2012 8:14am
Quoting Cgb
Watch crude here... This could be another fear trade coming along.

"Interfax is reporting that Russia has dispatched warships to Syria today."
If that goes crazy over there what are the most likely FX impacts?
  • #42,049
  • Jul 10, 2012 8:16am Jul 10, 2012 8:16am
Quoting ERedRick
If that goes crazy over there what are the most likely FX impacts?
More risk aversion and a violent but temporary surge in energy commodities. (Oil and natural gas)
Those who say it cannot be done should not interrupt those who are doing it
  • #42,050
  • Jul 10, 2012 8:17am Jul 10, 2012 8:17am
oh damn it,price again missed my limit order by 20 pips this morning.
Allah has permitted trade and has forbidden interest [koran]
  • #42,051
  • Jul 10, 2012 8:18am Jul 10, 2012 8:18am
Quoting PipTrapper
More risk aversion and a violent but temporary surge in energy commodities. (Oil and natural gas)
Energy commodities, AUD & CAD... who else? Are USD & JPY still dominant risk aversion currencies?
  • #42,052
  • Jul 10, 2012 8:28am Jul 10, 2012 8:28am
Oghhh come on! Not again..
Just stopped out my 1.2300 short position at BE+1
69
  • #42,053
  • Jul 10, 2012 8:32am Jul 10, 2012 8:32am
gold at 1600
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  • #42,054
  • Jul 10, 2012 8:34am Jul 10, 2012 8:34am
Quoting Likerty
Oghhh come on! Not again..
Just stopped out my 1.2300 short position at BE+1
For the old timers out there. You know who you are.

Inserted Video
  • #42,055
  • Jul 10, 2012 8:35am Jul 10, 2012 8:35am
Quoting Likerty
Oghhh come on! Not again..
Just stopped out my 1.2300 short position at BE+1
I saw that one coming. I'm not trying to be a smarta$$. I have long observed that more often than not, the 55, 100 and 200 period moving averages act like magnets after price has sailed through them without stopping. So they are almost always retested in these situations.

E/U M15
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E/U M5
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Those who say it cannot be done should not interrupt those who are doing it
  • #42,056
  • Jul 10, 2012 8:40am Jul 10, 2012 8:40am
Quoting FXSwissTrader
For the old timers out there. You know who you are.

http://www.youtube.com/watch?v=kK62tfoCmuQ
Actualy this clip reminded me about NY sesion Forgot to take profit just in case before opening..
It's just a bit to early here to get wasted - got to wait a bit..
69
  • #42,057
  • Jul 10, 2012 8:42am Jul 10, 2012 8:42am
Quoting PipTrapper
I saw that one coming. I'm not trying to be a smarta$$. I have long observed that more often than not, the 55, 100 and 200 period moving averages act like magnets after price has sailed through them without stopping. So they are almost always retested in these situations.

E/U M15
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E/U M5
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But why 55 and not 50?:nerd:
69
  • #42,058
  • Jul 10, 2012 8:47am Jul 10, 2012 8:47am
Quoting Likerty
But why 55 and not 50?:nerd:
I don't know why. It just works better that way. 55 is also a Fibonacci number.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,059
  • Jul 10, 2012 8:51am Jul 10, 2012 8:51am
Quoting PipTrapper
I don't know why. It just works better that way. 55 is also a Fibonacci number.
am I mad if I use 56 fib?
69
  • #42,060
  • Jul 10, 2012 8:56am Jul 10, 2012 8:56am
Quoting PipTrapper
I saw that one coming. I'm not trying to be a smarta$$. I have long observed that more often than not, the 55, 100 and 200 period moving averages act like magnets after price has sailed through them without stopping. So they are almost always retested in these situations.

E/U M15
Attachment

E/U M5
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55 EMA was certainly the re-entry level. Missed top by 5 points. You can't always get them on the first try...
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I observe your reality but live my own.
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