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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #42,261
  • Jul 11, 2012 4:20am Jul 11, 2012 4:20am
My forecasts for this week based on the underlying fundies and historical support/resistance are as follows:

EUR/USD: 1.2100/1.2090
USD/CAD: 1.0270/1.0280
AUD/USD: 1.0070/1.0100
WTI Crude 82.00/82.50
Gold: 1550/1560

These forecasts could change in an instant depending on how the fundie picture shapes up. Next scheduled risk event is the FOMC minutes. Next surprise risk event can be any minute

Take them or leave them. That's my view
Those who say it cannot be done should not interrupt those who are doing it
  • #42,262
  • Jul 11, 2012 4:21am Jul 11, 2012 4:21am
Closing out crude for +100 pips. Doesn't look like it has enough steam to get past 200ema on 15min TF. It had trouble with the 200EMA yesterday as well.
  • #42,263
  • Jul 11, 2012 4:25am Jul 11, 2012 4:25am
Quoting PipTrapper
My forecasts for this week based on the underlying fundies and historical support/resistance are as follows:

EUR/USD: 1.2100/1.2090
USD/CAD: 1.0270/1.0280
AUD/USD: 1.0070/1.0100
WTI Crude 82.00/82.50
Gold: 1550/1560

These forecasts could change in an instant depending on how the fundie picture shapes up. Next scheduled risk event is the FOMC minutes. Next surprise risk event can be any minute

Take them or leave them. That's my view
Glad I closed out that crude.
  • #42,264
  • Jul 11, 2012 4:25am Jul 11, 2012 4:25am
Quoting FXSwissTrader
Closing out crude for +100 pips. Doesn't look like it has enough steam to get past 200ema on 15min TF. It had trouble with the 200EMA yesterday as well.
Good plan. There is no will in the market today. FOMC minutes may change that.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,265
  • Jul 11, 2012 4:28am Jul 11, 2012 4:28am
Quoting PipTrapper
Good plan. There is no will in the market today. FOMC minutes may change that.
Well, how's the weather in Malta? Here not so good.
  • #42,266
  • Jul 11, 2012 4:29am Jul 11, 2012 4:29am
Quoting FXSwissTrader
Glad I closed out that crude.
you're slick
Those who say it cannot be done should not interrupt those who are doing it
  • #42,267
  • Edited 4:30am Jul 11, 2012 4:29am | Edited 4:30am
Quoting FXSwissTrader
Closing out crude for +100 pips. Doesn't look like it has enough steam to get past 200ema on 15min TF. It had trouble with the 200EMA yesterday as well.
You don't believe in my inverted head and shoulders on the daily? I also took a small position last night at 84.20 and will let this ride or BE on position.
I observe your reality but live my own.
  • #42,268
  • Jul 11, 2012 4:31am Jul 11, 2012 4:31am
Quoting FXSwissTrader
Well, how's the weather in Malta? Here not so good.
Still sunny and hot. I'm inside today. The heat got to me yesterday. Now in air conditioned comfort

http://www.3drivers.com/upload/ibloc...itioner-c1.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #42,269
  • Jul 11, 2012 4:35am Jul 11, 2012 4:35am
Quoting PipTrapper
Still sunny and hot. I'm inside today. The heat got to me yesterday. Now in air conditioned comfort
Lucky dog. Well it's been hot as hell here lately, and this has been my only air conditioning.....
Attached Image
  • #42,270
  • Jul 11, 2012 4:36am Jul 11, 2012 4:36am
Quoting Cgb
You don't believe in my inverted head and shoulders on the daily? I also took a small position last night at 84.20 and will let this ride or BE on position.
http://4.bp.blogspot.com/--PG87QhDvs...00/gravity.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #42,271
  • Jul 11, 2012 4:37am Jul 11, 2012 4:37am
Good morning/afternoon/evening Everybody, PT.

A question PT, if I may. Based on your forecast, and everything remaining the same - no last-minute houghmagandi by anybody that CAN move the market significantly - when do you forsee your targtes being reached?

Thanks

Chris

Quoting PipTrapper
My forecasts for this week based on the underlying fundies and historical support/resistance are as follows:

EUR/USD: 1.2100/1.2090
USD/CAD: 1.0270/1.0280
AUD/USD: 1.0070/1.0100
WTI Crude 82.00/82.50
Gold: 1550/1560

These forecasts could change in an instant depending on how the fundie picture shapes up. Next scheduled risk event is the FOMC minutes. Next surprise risk event can be any minute

Take them or leave them. That's my view
  • #42,272
  • Jul 11, 2012 4:38am Jul 11, 2012 4:38am
Hi All,
Been reading this thread and I'd like to thank PT for creating this awesome thread and others who are participating in it. It makes this thread so educative.

Permission to join this thread PT...

As for the EurUsd, I've just opened a buy position and trying not to be greedy targetting at fib ret 78.6 - 1.2310 area - as I pulled yesterday's Fib I'm with you CGB .... (But hoping it will go up to 1.2320 area - yesterday's HH area) .

I seldom post in forums, so please do tell me if I break any rules.
Looking forward to learn alot from all of you in this thread.

Cheers
  • #42,273
  • Jul 11, 2012 4:40am Jul 11, 2012 4:40am
Quoting FXSwissTrader
Lucky dog. Well it's been hot as hell here lately, and this has been my only air conditioning.....
Next time you can't handle the heat, take your laptop with a power inverter and an air card to your car...

http://www.seriouswheels.com/pics-20...-1920x1440.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #42,274
  • Jul 11, 2012 4:41am Jul 11, 2012 4:41am
Quoting Cgb
You don't believe in my inverted head and shoulders on the daily? I also took a small position last night at 84.20 and will let this ride or BE on position.
You may be right, but unless something develops over in Straight of Homuz, I think Obummer deal with Saudis will hold crude low through summer. Very well will just range. Although, I could be wrong. I'll continue to scalp though. For it to have steep upside, we have to break through 200ema on 15min TF convincingly.
  • #42,275
  • Jul 11, 2012 4:41am Jul 11, 2012 4:41am
Quoting PipTrapper
http://4.bp.blogspot.com/--PG87QhDvs...00/gravity.jpg
I observe your reality but live my own.
  • #42,276
  • Jul 11, 2012 4:41am Jul 11, 2012 4:41am
Quoting TraderChris
Good morning/afternoon/evening Everybody, PT.

A question PT, if I may. Based on your forecast, and everything remaining the same - no last-minute houghmagandi by anybody that CAN move the market significantly - when do you forsee your targtes being reached?

Thanks

Chris

By Friday close or before.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,277
  • Jul 11, 2012 4:44am Jul 11, 2012 4:44am
[quote=PipTrapper;5831012]Next time you can't handle the heat, take your laptop with a power inverter and an air card to your car...

/quote]

LOL. I've done that before.
  • #42,278
  • Jul 11, 2012 4:44am Jul 11, 2012 4:44am
Quoting FXSwissTrader
You may be right, but unless something develops over in Straight of Homuz, I think Obummer deal with Saudis will hold crude low through summer. Very well will just range. Although, I could be wrong. I'll continue to scalp though. For it to have steep upside, we have to break through 200ema on 15min TF convincingly.
Agreed. I'm looking at the 55 EMA on the hourly. Hasn't closed above it in the last 3 hours. A move above that would be the first good sign.
I observe your reality but live my own.
  • #42,279
  • Jul 11, 2012 4:44am Jul 11, 2012 4:44am
Quoting pipsme
Hi All,
Been reading this thread and I'd like to thank PT for creating this awesome thread and others who are participating in it. It makes this thread so educative.

Permission to join this thread PT...

As for the EurUsd, I've just opened a buy position and trying not to be greedy targetting at fib ret 78.6 - 1.2310 area - as I pulled yesterday's Fib I'm with you CGB .... (But hoping it will go up to 1.2320 area - yesterday's HH area) .

I seldom post in forums, so please do tell me if I break any rules.
Looking forward to learn...
Welcome pipsme... permission granted .
If you want to make sure you don't break any rules, just read page 1

Looking forward to your contributions.
Those who say it cannot be done should not interrupt those who are doing it
  • #42,280
  • Jul 11, 2012 4:47am Jul 11, 2012 4:47am
Thanks a lot. I see the H1 chart has honoured the 55MA as per your suggestion...

Quoting PipTrapper
By Friday close or before.
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