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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #42,521
  • Jul 12, 2012 8:03am Jul 12, 2012 8:03am
Quoting PipTrapper
We'll probably test daily S1 (1.2200 area) before next move down.
And thats close to the 15min 20sma - is that just coincidence or confluence.
  • #42,522
  • Jul 12, 2012 8:03am Jul 12, 2012 8:03am
Swiss, you checking out the 84.50 level on crude? Nice bounce from there. 50 pips so far...
I observe your reality but live my own.
  • #42,523
  • Jul 12, 2012 8:06am Jul 12, 2012 8:06am
Quoting CurrencyMan
A Prize will be awarded for the closest number to the loss.

My call is 10 Billion.

Prize - A Date with my Executive Assisant - Age 25 - Beautiful - Pictures to follow. Buffet Show over now...
7.6b
  • #42,524
  • Jul 12, 2012 8:06am Jul 12, 2012 8:06am
Quoting PipTrapper
Sorry to disappoint you (Or happy to excite you).. which ever the case is. That is not a falling wedge. The bottom trend line has to start after the high and not before it.

What we have here is two falling channels (Aqua and Blue).
You can use the Aqua resistance and the Blue support as a falling wedge guide if you wish... in which case we still have a little way to go before we hit bottom.

E/U W1
Attachment
thanks PT for the correction and insight always appreciated. off to pne day course.
happy trading n greens pips to all
Wooooohooooo or Boooooohooooo
  • #42,525
  • Jul 12, 2012 8:10am Jul 12, 2012 8:10am
Quoting Cgb
Swiss, you checking out the 84.50 level on crude? Nice bounce from there. 50 pips so far...
Was on it like white on rice. Looking to short @ daily pivot, if we get that high. First have to get through 220EMA.
  • #42,526
  • Jul 12, 2012 8:14am Jul 12, 2012 8:14am
Quoting FXSwissTrader
Was on it like white on rice. Looking to short @ daily pivot, if we get that high. First have to get through 220EMA.
I use the 55EMA and added your 220EMA to see where it's at... They are both the same right now! Coincidence!
I observe your reality but live my own.
  • #42,527
  • Jul 12, 2012 8:18am Jul 12, 2012 8:18am
Quoting Cgb
I use the 55EMA and added your 220EMA to see where it's at... They are both the same right now! Coincidence!
220EMA on the 15min TF is just equivalent to having the 55EMA on the 1Hr chart. Except you're seeing it on the 15min TF. This way you don't have to flip back and forth between TF's to see where a moving avg is. You can do that with any moving avg.
  • #42,528
  • Jul 12, 2012 8:18am Jul 12, 2012 8:18am
Lets see if that push of 1.2194 was enough to count for the test of 1.2200.

The open will determine my breakfast.

celery, cucumber, carrot, lettuce - green veggie juice - gross

or

strawberry, pineapple, blueberry- fruit juice yummy
  • #42,529
  • Jul 12, 2012 8:20am Jul 12, 2012 8:20am
hmmm
  • #42,530
  • Jul 12, 2012 8:28am Jul 12, 2012 8:28am
Quoting FXSwissTrader
220EMA on the 15min TF is just equivalent to having the 55EMA on the 1Hr chart. Except you're seeing it on the 15min TF. This way you don't have to flip back and forth between TF's to see where a moving avg is. You can do that with any moving avg.
I know, what I was saying is that I use the 55EMA on the 15M TF and tried adding your 220EMA (equivalent to the 55EMA hourly). And at the time of my post, both on the 15M were the same.

We are now below my green line on the USDX chart and I'm kicking myself for not taking profit at the Daily S2 line. The 38.2% FIB line on this drop is currently holding, let's see what the 10AM expiry brings us (I've put back in my TP at Daily S2) and sitting on my hands now. Which is making typing really hard with my toes ).
I observe your reality but live my own.
  • #42,531
  • Jul 12, 2012 8:31am Jul 12, 2012 8:31am
Quoting Cgb
This is my weekly chart. Weekly support is at 1.19 with a possivle extention (on the wick) to 1.17xx
i want 1.1875-1.1600
Attached Image (click to enlarge)
Click to Enlarge Name: euMonthly.jpg Size: 70 KB
  • #42,532
  • Jul 12, 2012 8:33am Jul 12, 2012 8:33am
Quoting FXSwissTrader
And for scalping on the 15min TF, I also have an 800EMA on the 15min TF. It is of course equivalent to a 200EMA on the hourly or 50EMA on the 4Hr chart. If you have both the 220EMA and 800EMA on the 15TF, all you have to do is take only shorts below the two MA's and long when PA is above the two MA's. Of course using whatever signal or indicator you prefer. This is for scalping the 15min TF.

Just a trading tip for my EurAnalysis friends!
Scalping??? We know your idea of scalping... 100+ points!
I observe your reality but live my own.
  • #42,533
  • Jul 12, 2012 8:33am Jul 12, 2012 8:33am
Quoting Cgb
I know, what I was saying is that I use the 55EMA on the 15M TF and tried adding your 220EMA (equivalent to the 55EMA hourly). And at the time of my post, both on the 15M were the same.

We are now below my green line on the USDX chart and I'm kicking myself for not taking profit at the Daily S2 line. The 38.2% FIB line on this drop is currently holding, let's see what the 10AM expiry brings us (I've put back in my TP at Daily S2) and sitting on my hands now. Which is making typing really hard with my toes ).
OK. For scalping on the 15min TF, I also have an 800EMA on the 15min TF. It is of course equivalent to a 200EMA on the hourly or 50EMA on the 4Hr chart. If you have both the 220EMA and 800EMA on the 15TF, all you have to do is take only shorts below the two MA's and long when PA is above the two MA's. Of course using whatever signal or indicator you prefer. This is for scalping the 15min TF.

Just a trading tip for my EurAnalysis friends!
  • #42,534
  • Jul 12, 2012 8:33am Jul 12, 2012 8:33am
Quoting Cgb
Scalping??? We know your idea of scalping... 100+ points!
  • #42,535
  • Jul 12, 2012 8:35am Jul 12, 2012 8:35am
Quoting catwoman
i want 1.1875-1.1600
Patience Kitty, patience... We won't get there in the next few days. That's a weekly chart and it won't go down in a straight line. Expect these levels perhaps in October/November.
I observe your reality but live my own.
  • #42,536
  • Jul 12, 2012 8:46am Jul 12, 2012 8:46am
Quoting Cgb
Patience Kitty, patience... We won't get there in the next few days. That's a weekly chart and it won't go down in a straight line. Expect these levels perhaps in October/November.
Don't u think that before more down (1.18....1.16) we might have a retrace up to 1.24....1.25..or even 1.26 .....it is what i think 1.2080/90 it is verry good place to have a long...
  • #42,537
  • Jul 12, 2012 8:56am Jul 12, 2012 8:56am
Quoting Cgb
Patience Kitty, patience... We won't get there in the next few days. That's a weekly chart and it won't go down in a straight line. Expect these levels perhaps in October/November.
Well, it seems to me that the drop is going faster. lets see when
  • #42,538
  • Jul 12, 2012 9:02am Jul 12, 2012 9:02am
Quoting aurel_79
Don't u think that before more down (1.18....1.16) we might have a retrace up to 1.24....1.25..or even 1.26 .....it is what i think 1.2080/90 it is verry good place to have a long...
can be... i dont know, to me retraces its a hard thing to preview
  • #42,539
  • Jul 12, 2012 9:03am Jul 12, 2012 9:03am
These are my trades today. Hopefully somebody could assist me to improve my trading technique. My final objective is to be in the 5 % group. I hope to reach there one day without my ac get burnt............hhhhhhhmmmmm

Placed 5th short @ 1.21932. No SL No TP are set.
6th short @ 1.21898. No SL No TP are set.
MM < 1%. (Chart attached).

My 3rd and 4th shorts closed with green pips.
My 1st and 2 nd short closed with -ve 4 pips. My mistake was I placed SL
too close to my short.
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5 20120712 0740PM 5 6 pg 2.jpg Size: 152 KB
  • #42,540
  • Jul 12, 2012 9:07am Jul 12, 2012 9:07am
Quoting andys0506
And thats close to the 15min 20sma - is that just coincidence or confluence.
Confluence. It's all connected. No coincidence
Those who say it cannot be done should not interrupt those who are doing it
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