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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #43,221
  • Jul 17, 2012 2:48pm Jul 17, 2012 2:48pm
Quoting Tom_D_Trader
And nice charts. I never got this correlation system precisely. KiwiTrada focuses a lot on this thing, I think you could find his posts usefull. I think he is pro in correlations of several pairs, but unfortunately I never had enough time to study it. But I still have those 50 years left.

T
thank you i will take a look
  • #43,222
  • Jul 17, 2012 2:49pm Jul 17, 2012 2:49pm
Quoting Ken A
A lady horse in Catwoman attires
LOLOL
  • #43,223
  • Jul 17, 2012 3:00pm Jul 17, 2012 3:00pm
Well, as usuall, I cant watch it . SL is set, so cya tomorrow @London.

T
"I know one thing, that I know nothing." Sokrates
  • #43,224
  • Jul 17, 2012 3:09pm Jul 17, 2012 3:09pm
Quoting Tom_D_Trader
Well, as usuall, I cant watch it . SL is set, so cya tomorrow @London.

T
Your limit entry at 2287 was patient and wise! Respect and..GL!
69
  • #43,225
  • Jul 17, 2012 4:33pm Jul 17, 2012 4:33pm
Hello Cats and Guys,

nobody seems to see those bullish power in this thread. why?
it is obvious in charts and we all know knoholyCurrencyMan must know it at first because of money flow (haha)

This is a correction in my view, and it will lead us to 2450.

reason: higher highs, lower lows in h1.
  • #43,226
  • Jul 17, 2012 5:03pm Jul 17, 2012 5:03pm
Hi,

the high timeframes are BULL. I push some BUY with pullback.

Objective: BUY for 1.2335, 1.2364 and 1.2637 in sight.

A stoploss with SELLSTOP at +/- 1.2260.

There is a macd divergence in D1, becareful.

Have fun.
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  • #43,227
  • Jul 17, 2012 6:04pm Jul 17, 2012 6:04pm
Quoting Likerty
Your limit entry at 2287 was patient and wise! Respect and..GL!
Thanks a lot for these kind words.

T
"I know one thing, that I know nothing." Sokrates
  • #43,228
  • Jul 17, 2012 6:09pm Jul 17, 2012 6:09pm
Quoting iak_fx
Hello Cats and Guys,

nobody seems to see those bullish power in this thread....
Well, its not that we dont see it. Everyone knows we are around 6 year lows and all this technical stuff, thats basic. Its just that I dont care , since Bubbles didnt deliver goods. And you know how it goes with crack addicts without crack. They are going down.

T
"I know one thing, that I know nothing." Sokrates
  • #43,229
  • Jul 17, 2012 6:14pm Jul 17, 2012 6:14pm
this is what I'm seeing right now, aiming for 1.22012

btw drew the cycle lines and trendlines yesterday on the 16th, pretty neat to see where price reached today
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  • #43,230
  • Jul 17, 2012 6:30pm Jul 17, 2012 6:30pm
Hey guys... just got done looking over the markets and wanted to share my review and trade reco's for the next 24 hour period

6 of 22 pairs moved 100+ overall pips during last 24-hour session.

The Bernank

Bernanke noted that the US economy has continued to recover but “activity appears to have decelerated somewhat during the first half of this year”. In a nutshell the markets failed to get a sincere QE3 go-sign from Bernanke initially. the E/U dropped to 2187 again and reversed. The markets reacted to Bernanke leaving the door open to additional easing, should US economic momentum continue to stutter.
Additional QE could be announced at the August or September meeting if the data between now and then remains lackluster.
Inflation is certainly no block to further easing. Next key event to watch is the 27th July preliminary Q2 US GDP figures. If these come in soft, markets will move to price QE3 and the USD will suffer (with elections in NOV, the Fed will do everything possible to HOLD OFF QE3, only drastic numbers in NFP may cause the alarms to go off).


Translation: Last session ebb and flow where pair closes back near 1.2300 should be short lived and Beige Book may bring next set of stats for markets to grasp upon.


E/U remains in 1.2400 to 1.2160 range – Last session High was 1.2316 and Low was 1.2187 before closing at +23 pips at 1.2294.




Trade recos and tech info

EUR/USD – current 1.2294 - I will let pair move past 1.2325/1.2335 area and reverse – Place a SELL STOP at 1.2299 using a 20-40 pip TP range this session.

If the market moves above 1.2340 I will find the next cluster of resistance and reasses. I will continue to SELL RALLIES

Strightaway entry is 1.2264 which I have pending now. I will use a TP range of 10-30 pips and monitor it carefully if the asian session triggers it as it has a higher liklihood of bouncing. Leverage will be 1% with a SL 30 pips above the HOD




Swing players range is 1.2460 / 1.2400 to 1.2219/1.2200 area
Need to close below 1.2200 for next move to 1.2019/1.2000 area as we stalled 4 times and reversed after breaking 1.2200 — Lowest close is 1.2202.




G/U – currently 1.5651 – 3 straight up sessions with a STRONG resistance coming at 1.5695

I have a BUY STOP at 1.5669 with smaller TP targets(10-30 pips)

If this happens I will also et pair move past 1.5705/1.5720 area and reverse – SELL STOP 1.5694 with Tp range from 20-50 pips depending on time of day/momentum/current market conditions




Good luck guys


Wulf
  • #43,231
  • Edited 10:42pm Jul 17, 2012 10:12pm | Edited 10:42pm
I posted this chart the other day and someone asked if I was suggesting the Euro would go to the upper parallel line. I said I didn't know but would be watching it close when and if it got there. Well it's there right now so everyone can see it. Amazing to see it have tiny ranges and not yet able to trade above this line.

Below is a 2 hour chart.
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  • #43,232
  • Jul 17, 2012 10:34pm Jul 17, 2012 10:34pm
Quoting Tsar
Can't Broke D1 Resistance 1.2280
EU will DROP again...

In my Country 1.28 AM
Time go Sleep... Now. Goodnight Everybody

G/L
Morning ALL,

EU Broken D1 Resistance.
But... Price can't Broke H4 Resistance.

EU will DOWN... Watch in Price 1.2267 as Daily Pivot.
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Always looking the GREAT, never left GOOD Point...
  • #43,233
  • Jul 18, 2012 1:17am Jul 18, 2012 1:17am
GM - I see I'm not the only one to post the nice APF on the 4 hr chart....

I just banked a few pips at the confluence of todays Daily Pivot and the 200 SMA, and now I'm watching to see how high Frankies Hour and the the London Open will go to allow me another sell.....
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Trading Levels with WRBs
  • #43,234
  • Jul 18, 2012 2:35am Jul 18, 2012 2:35am
Quoting Tom_D_Trader
Well, its not that we dont see it. Everyone knows we are around 6 year lows and all this technical stuff, thats basic. Its just that I dont care , since Bubbles didnt deliver goods. And you know how it goes with crack addicts without crack. They are going down.

T
Morning Tom,
i dont care too. but i will if we break 2317 and it looks like we will do that soon. thats the point i will close my shorts.
damn crackwhore seems to push more upside...
  • #43,235
  • Jul 18, 2012 2:45am Jul 18, 2012 2:45am
Quoting iak_fx
Morning Tom,
i dont care too. but i will if we break 2317 and it looks like we will do that soon. thats the point i will close my shorts.
damn crackwhore seems to push more upside...
The key level is a daily candle close above 1.2365 area which is the 38.2% retrace of the move down from June end. (1.2691 - 1.2161)

For me, this is the line in the sand. Above that we have 1.2400/20
Those who say it cannot be done should not interrupt those who are doing it
  • #43,236
  • Jul 18, 2012 2:53am Jul 18, 2012 2:53am
Good morning folks. No update required today as yesterday's update still stands as far as I am concerned.

Today Benny gets grilled again. The opening statement will be the same and his stance will also remain the same. However, today will bring a whole new set of questions. It will be interesting to see what questions he is asked and how he will answer them.

Hopium is in the air and add to that the equity bullish corporate earnings reports being released over the next couple of weeks, and that leads to a bit of volatility as the USD gets bashed and the Euro gets slaughtered on rallies for other obvious reasons. End result is a choppy market.

For more details on my outlook, read yesterday's update.

E/U Daily
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Those who say it cannot be done should not interrupt those who are doing it
  • #43,237
  • Jul 18, 2012 2:57am Jul 18, 2012 2:57am
Quoting PipTrapper
The key level is a daily candle close above 1.2365 area which is the 38.2% retrace of the move down from June end. (1.2691 - 1.2161)

For me, this is the line in the sand. Above that we have 1.2400/20
Good Morning PT,
i mentioned my 'key level' above. If i wait for 2365 the RRR to get to 24xx will be not worth talking bout it
  • #43,238
  • Jul 18, 2012 3:07am Jul 18, 2012 3:07am
Everyone is predicting that it will go up! We have a very difficult resistence in the range 1,2300-1,2310.

Also remember that big fish's are looking at us in other to catch our stop losses

Let's see what happens...
  • #43,239
  • Jul 18, 2012 3:09am Jul 18, 2012 3:09am
Quoting nunonuk
Everyone is predicting that it will go up! We have a very difficult resistence in the range 1,2300-1,2310.

Also remember that big fish's are looking at us in other to catch our stop losses

Let's see what happens...
I think most people are still predicting down (but looking for a place to sell)
"Don't Panic..."
  • #43,240
  • Jul 18, 2012 3:12am Jul 18, 2012 3:12am
Quoting iak_fx
Good Morning PT,
i mentioned my 'key level' above. If i wait for 2365 the RRR to get to 24xx will be not worth talking bout it
Ahh. I didn't realize you were looking for a long position. I though you were looking to cover shorts. So, right you are
Cheers
Those who say it cannot be done should not interrupt those who are doing it
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