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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #42,061
  • Jul 10, 2012 6:57am Jul 10, 2012 6:57am
Another +50 pips Crude short scalp. Bounce trade on 15min TF.
  • #42,062
  • Jul 10, 2012 6:58am Jul 10, 2012 6:58am
Quoting Likerty
am I mad if I use 56 fib?
no but u will just confirm it
Allah has permitted trade and has forbidden interest [koran]
  • #42,063
  • Jul 10, 2012 7:01am Jul 10, 2012 7:01am
We might hit a double bottom on the 15. So do we bounce again back up or do we break the low of today...
  • #42,064
  • Jul 10, 2012 7:01am Jul 10, 2012 7:01am
Quoting FXSwissTrader
Another +50 pips Crude short scalp. Bounce trade on 15min TF.


Going to stay away from crude for now. Ranging between 23.6% and 50% FIB levels from Sunday's low to yesterday's top. Going to wait for a better signal. My bias is to take a long because of building tension and a inverted H&S forming on the daily.
I observe your reality but live my own.
  • #42,065
  • Jul 10, 2012 7:05am Jul 10, 2012 7:05am
Quoting ferndog
We might hit a double bottom on the 15. So do we bounce again back up or do we break the low of today...
It took an hour for the price to retrace to the 55EMA and only 30 minutes to drop back down. I'd think bears are in control for now.

1.2255 might pose some resistance but if stops get triggered, we're going to move fast...
I observe your reality but live my own.
  • #42,066
  • Jul 10, 2012 7:06am Jul 10, 2012 7:06am
Quoting Cgb


Going to stay away from crude for now. Ranging between 23.6% and 50% FIB levels from Sunday's low to yesterday's top. Going to wait for a better signal. My bias is to take a long because of building tension and a inverted H&S forming on the daily.
Dang it. TP too soon. Should've let it run for +100 pip scalp. It's certainly on it's way. 84.50 area should offer good support.
  • #42,067
  • Jul 10, 2012 7:10am Jul 10, 2012 7:10am
Quoting FXSwissTrader
Dang it. TP too soon. Should've let it run for +100 pip scalp. It's certainly on it's way.
Ok, so I'm not the only one with that proplem!
I observe your reality but live my own.
  • #42,068
  • Jul 10, 2012 7:11am Jul 10, 2012 7:11am
Quoting Cgb
It took an hour for the price to retrace to the 55EMA and only 30 minutes to drop back down. I'd think bears are in control for now.

1.2255 might pose some resistance but if stops get triggered, we're going to move fast...
Sure did come down fast...Let's go bears!
  • #42,069
  • Jul 10, 2012 7:17am Jul 10, 2012 7:17am
Quoting Cgb
Ok, so I'm not the only one with that problem!
Yep... can't win for losing. When you're a young trader, you can't wait to get in. When you're experienced, you can't wait to get out.
  • #42,070
  • Jul 10, 2012 7:18am Jul 10, 2012 7:18am
Quoting PipTrapper
New Pip. We have a confirmed bear flag. Outlook is now negative, both technically and fundamentally.

E/U M15
Attachment
PT, I totally agreed with u ..... that it is still bearish.

Short @ 1.22779 and @ 1.22948
Move TP to @ 1.22779
No SL

Note : At the time I'm writing this post my TPs were hit. Even PA moves further south. Enough for my tomorrow breakfirst .
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 20120710 SHORT3.jpg Size: 160 KB
  • #42,071
  • Jul 10, 2012 7:19am Jul 10, 2012 7:19am
Swiss, watch Symmetrical Triangle on 15M crude chart. Continuation pattern occurring in an uptrend.
Attached Image (click to enlarge)
Click to Enlarge Name: Crude_Jul10_1015.gif Size: 112 KB
I observe your reality but live my own.
  • #42,072
  • Jul 10, 2012 7:21am Jul 10, 2012 7:21am
Quoting FXSwissTrader
Yep... can't win for losing. When you're a young trader, you can't wait to get in. When you're experienced, you can't wait to get out.
I observe your reality but live my own.
  • #42,073
  • Jul 10, 2012 7:22am Jul 10, 2012 7:22am
Is it just me trading EURUSD and S&P500 IDENTICALLY ?
  • #42,074
  • Jul 10, 2012 7:24am Jul 10, 2012 7:24am
There are lots of buyers at these levels. The bulls are really having a go at it for some reason. It might be due to market talk of a barrier option at 1.2200/10 area.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,075
  • Jul 10, 2012 7:25am Jul 10, 2012 7:25am
Quoting Cgb
Swiss, watch Symmetrical Triangle on 15M crude chart. Continuation pattern occurring in an uptrend.
  • #42,076
  • Jul 10, 2012 7:32am Jul 10, 2012 7:32am
Quoting PipTrapper
There are lots of buyers at these levels. The bulls are really having a go at it for some reason. It might be due to market talk of a barrier option at 1.2200/10 area.
Where do you get this info?

Right now I see Daily S2 as today's max but I hope I'm wrong. Range today is Daily R1 to Daily S2, three levels crossed and unless there's fundies to continue the move down, this is what I typically expect from technicals.
I observe your reality but live my own.
  • #42,077
  • Jul 10, 2012 7:32am Jul 10, 2012 7:32am
Quoting AlwaysLost
PT, I totally agreed with u ..... that it is still bearish.

Short @ 1.22779 and @ 1.22948
Move TP to @ 1.22779
No SL

Note : At the time I'm writing this post my TPs were hit. Even PA moves further south. Enough for my tomorrow breakfirst .
what for to cancel lot size when you already reveal your profit and loss, mb censor that as well ?
  • #42,078
  • Jul 10, 2012 7:50am Jul 10, 2012 7:50am
Quoting 5percent
what for to cancel lot size when you already reveal your profit and loss, mb censor that as well ?
Point noted .....
  • #42,079
  • Jul 10, 2012 8:04am Jul 10, 2012 8:04am
Quoting PipTrapper
I don't know why. It just works better that way. 55 is also a Fibonacci number.
That's amazing because I've always used the 55 EMA and wondered why others always use a 50 EMA. The 55 seems to work much better, not just on currencies either
  • #42,080
  • Jul 10, 2012 8:09am Jul 10, 2012 8:09am
Quoting tradercnx
That's amazing because I've always used the 55 EMA and wondered why others always use a 50 EMA. The 55 seems to work much better, not just on currencies either
Yep. It's just one of those things that we best not question... just go along with it.

It may also interest you to know that an alternative to the 200ema on close price is the 89smma on typical price. Almost dead nuts accurate on H1 and below TFs. 89 is the next Fibo number after 55. Another fact I don't question
Those who say it cannot be done should not interrupt those who are doing it
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