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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #44,501
  • Jul 26, 2012 7:58am Jul 26, 2012 7:58am
Quoting Cgb
This is not looking good here. My short at 1.2195 got triggered and already I'm not comfortable with it having moved above 1.2300
Don't like the looks of it and we may be in for a serious correction here.
We could see 1.2400 which is the upper bear flag trend line.
I think we could see BULLS taking their profits soon.
Nice round level, I am preparing for shorting after whole day of waiting.
I was stooped out once...
If I go short, I don't wanna keep it open too long...
But remember, HOME SALES in an hour will give it a last kick
Read Charts - Not Papers
  • #44,502
  • Jul 26, 2012 7:58am Jul 26, 2012 7:58am
Quoting PipTrapper
Good to have you back in the saddle buddy.
Thx bud. I'm in long on U/CAD at 1.0070. 1.0065 is very tough support. If we break that, we'll head to par or .9980 area, where I will add another long position.
  • #44,503
  • Jul 26, 2012 8:00am Jul 26, 2012 8:00am
Quoting Gofer Pips
CLOSED ALL LONGS.

Short @1.2310 not triggered as I could not get all the shorts closed on time.

Sell limit 1.2310, 1.2360, 1.2420, and sell stop 1.2287.


We'll see!

ADD: It went up and sell limit triggered @1.2310
Nicely done
Trading Levels with WRBs
  • #44,504
  • Jul 26, 2012 8:03am Jul 26, 2012 8:03am
Quoting Tom_D_Trader
Shall I sell while boil? Fok yeah.

T
tom and also other in similar state of mind.please,please for God sake shut ur terminal for today and come tommorrow,this is not worth the price to pay.take ur family out and once Goal should be prolonging ur life as a trader than making money,and by doing that u will prove to everyone of us ur very very strong.please understand,i am not patronising.

actually i am very worried.now i have to leave will join u later in couple of hours.
Allah has permitted trade and has forbidden interest [koran]
  • #44,505
  • Jul 26, 2012 8:03am Jul 26, 2012 8:03am
Quoting PipTrapper
Since we have reached my second target to the upside, I have decided to join you on your quest to hammer the crap out of this pair.

I am in at 1.23000 right on the dot.

Let the games begin.

http://www.strangehistory.net/blog/w...4/jousting.jpg
Well, bulls are in full control here with the PA being clearly above the 55EMA, 100SMA and 200SMA on the hourly. It will take some very bad news from the Eurozone to counter the 275 pip move upwards from Tuesday low.
I observe your reality but live my own.
  • #44,506
  • Jul 26, 2012 8:03am Jul 26, 2012 8:03am
In short at 1.2291 gonna hold on to this till we hit 1.17
Cheers!!
  • #44,507
  • Jul 26, 2012 8:05am Jul 26, 2012 8:05am
I'm in too @ 1.2299

all we need is a little word from Merkel to push this down
  • #44,508
  • Jul 26, 2012 8:07am Jul 26, 2012 8:07am
sell stop triggered 1.2287, double your pleasure, double your fun!

buy usdcad 1.0077
  • #44,509
  • Jul 26, 2012 8:07am Jul 26, 2012 8:07am
Quoting drzakir123
.actually i am very worried.now i have to leave will join u later in couple of hours.
No need to worry doc, I have good MM. Worst thing that could happen is that I am going to get a heartattack .

edit: Btw, just compare Draghis speech to Bernankes. Draghi never had such an influence. His speech had such an impact only because we were so low, that everyone was short and it resulted it brutal short squeeze. Well played Draghi, you ...

T
"I know one thing, that I know nothing." Sokrates
  • #44,510
  • Jul 26, 2012 8:09am Jul 26, 2012 8:09am
Quoting FXSwissTrader
Thank you El Draghi. I would be surprise if American market push price much higher. Backing the truck up and ready to short ...............................

The truck is loaded, and has left the station. I am short E/U@ 1.23001, A/U@ 1.04, G/U@ 1.57 and long U/CAD@ 1.0070!
Attached Image
  • #44,511
  • Jul 26, 2012 8:09am Jul 26, 2012 8:09am
Take a look at EUR/JPY

EUR/AUD
  • #44,512
  • Jul 26, 2012 8:11am Jul 26, 2012 8:11am
I've also exited my long and decided to go short at 1.2300. To those also going short here, what's your target price?
  • #44,513
  • Jul 26, 2012 8:13am Jul 26, 2012 8:13am
Quoting PipsMaster23
In short at 1.2291 gonna hold on to this till we hit 1.17
Isn't a short like that kinda risky with all the important US data hitting tomorrow?
  • #44,514
  • Jul 26, 2012 8:16am Jul 26, 2012 8:16am
Quoting given2fly
I've also exited my long and decided to go short at 1.2300. To those also going short here, what's your target price?
1,14
"I know one thing, that I know nothing." Sokrates
  • #44,515
  • Jul 26, 2012 8:19am Jul 26, 2012 8:19am
the pull back was a spike down to the earlier high.....what will the NYSE bring to the party......as my 5 min chart is still all green, I expect another attempt on the 2300 level.....will it be to a new high?.....TWT
Trading Levels with WRBs
  • #44,516
  • Jul 26, 2012 8:20am Jul 26, 2012 8:20am
Quoting given2fly
I've also exited my long and decided to go short at 1.2300. To those also going short here, what's your target price?
1st TP@ 1.2050 area.
2nd TP@ 1.19 area.
3rd TP@ ZERO.
  • #44,517
  • Jul 26, 2012 8:21am Jul 26, 2012 8:21am
hi can i just ask what the best way to look for old news date 31-10-2011 for instance?
is there a callendar news database you use?

ta
If ask a silly question.. forgive me!i'm just confused again!
  • #44,518
  • Jul 26, 2012 8:23am Jul 26, 2012 8:23am
Quoting Cgb
Well, bulls are in full control here with the PA being clearly above the 55EMA, 100SMA and 200SMA on the hourly. It will take some very bad news from the Eurozone to counter the 275 pip move upwards from Tuesday low.
Yes very bad news will certainly do it, but there is something else that will do it.,, Just one word from Merkel that suggests she does not completely agree with any one of Draghi's hopium comments.

If you look back through ForexLive at all the times the Euro has gone through a short squeeze on hopium comments, it was always Merkel or Schauble that ruined the party with a one liner.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,519
  • Jul 26, 2012 8:26am Jul 26, 2012 8:26am
Quoting given2fly
I've also exited my long and decided to go short at 1.2300. To those also going short here, what's your target price?
1.1595
Those who say it cannot be done should not interrupt those who are doing it
  • #44,520
  • Jul 26, 2012 8:27am Jul 26, 2012 8:27am
Quoting MattD
Isn't a short like that kinda risky with all the important US data hitting tomorrow?
This business is all about risk. For example... being long Euro is a very large risk, yet traders and investors still buy it. So, it is not about whether or not you take risk, but rather how you manage it.
Those who say it cannot be done should not interrupt those who are doing it
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