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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #44,521
  • Jul 26, 2012 8:29am Jul 26, 2012 8:29am
Quoting FXSwissTrader
1st TP@ 1.2050 area.
2nd TP@ 1.19 area.
3rd TP@ ZERO.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,522
  • Jul 26, 2012 8:30am Jul 26, 2012 8:30am
Quoting PipTrapper
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.
Got their phone numbers so I can call them and politely ask them to make aa comment or two.
I observe your reality but live my own.
  • #44,523
  • Jul 26, 2012 8:30am Jul 26, 2012 8:30am
Definitely on the same page..


Quoting PipTrapper
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.
Quoting BrunargarFx

all we need is a little word from Merkel to push this down
  • #44,524
  • Jul 26, 2012 8:31am Jul 26, 2012 8:31am
it may be ,w e reach 12750!!!! before a full spin!
traffic is light for summer...will the maddness prevail!
Hopium may just keep going!

what do you think!
Attached Image (click to enlarge)
Click to Enlarge Name: eu1h-3.gif Size: 56 KB
If ask a silly question.. forgive me!i'm just confused again!
  • #44,525
  • Jul 26, 2012 8:34am Jul 26, 2012 8:34am
Next resistance 1.2340-47
Bulls Run. Bears Bite. We Profit.
  • #44,526
  • Jul 26, 2012 8:36am Jul 26, 2012 8:36am
Good morning guys

Looks like Draghi gave us a bit of a treat and risk a bit of a shot in the arm. Coupled with short covering and large players scaling out of their massive shorts in this downtrend. It proves to put on quite a show.

I took the session off and am currently waiting patiently. We are near the top of the 1.2041/1.2324 channel. the 1.2324 is certainly the breakout area to re open a visit to the 1.2460/1.2502 level. Intraday I see a high probability of an overshoot the the 1.2364/1.2374 area resistance cluster.


I am FLAT, these short covering markets know no mercy. I will be patient and allow price to reveal itself before placing any new positions.


Good luck
Trade safe

Wulf
  • #44,527
  • Jul 26, 2012 8:37am Jul 26, 2012 8:37am
Quoting afos
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
All depends what you're looking for.
If it's econ data, look at the historical FF Calendar at http://www.forexfactory.com/calendar.php?day=oct31.2011

If you want to see informational news, you may be out of luck unless you know exactly what you want to find, in which case you can search it here... http://www.forexlive.com/index.php?s...h+this+website...
Those who say it cannot be done should not interrupt those who are doing it
  • #44,528
  • Jul 26, 2012 8:39am Jul 26, 2012 8:39am
Quoting Cgb
Got their phone numbers so I can call them and politely ask them to make aa comment or two.
http://www.bundeskanzlerin.de/Webs/B...t/contact.html
Those who say it cannot be done should not interrupt those who are doing it
  • #44,529
  • Jul 26, 2012 8:40am Jul 26, 2012 8:40am
Quoting PipTrapper
All depends what you're looking for.
If it's econ data, look at the historical FF Calendar at http://www.forexfactory.com/calendar.php?day=oct31.2011

If you want to see informational news, you may be out of luck unless you know exactly what you want to find, in which case you can search it here... http://www.forexlive.com/index.php?s...h+this+website...
great thanks.
If ask a silly question.. forgive me!i'm just confused again!
  • #44,530
  • Jul 26, 2012 8:42am Jul 26, 2012 8:42am
Quoting afos
it may be ,w e reach 12750!!!! before a full spin!
traffic is light for summer...will the maddness prevail!
Hopium may just keep going!

what do you think!
I think that in order for the E/U pair to reach 1.2750 before 1.1750, I would have to be more than 75% wrong about everything I have typed into this thread for the last 10 months
Those who say it cannot be done should not interrupt those who are doing it
  • #44,531
  • Jul 26, 2012 8:46am Jul 26, 2012 8:46am
Quoting PipTrapper
I think that in order for the E/U pair to reach 1.2750 before 1.1750, I would have to be more than 75% wrong about everything I have typed into this thread for the last 10 months
That would certainly take some serious combined CB participation to pump risk up to that level

We would have a LOT of resistance to get through in order to reach the 2750... I have the 1.2460/1.2502 as the channel top here.... MAX
  • #44,532
  • Jul 26, 2012 8:46am Jul 26, 2012 8:46am
Quoting Wulfgar
Good morning guys

Looks like Draghi gave us a bit of a treat and risk a bit of a shot in the arm. Coupled with short covering and large players scaling out of their massive shorts in this downtrend. It proves to put on quite a show.

I took the session off and am currently waiting patiently. We are near the top of the 1.2041/1.2324 channel. the 1.2324 is certainly the breakout area to re open a visit to the 1.2460/1.2502 level. Intraday I see a high probability of an overshoot the the 1.2364/1.2374 area resistance cluster.


I am FLAT,...

Thanks for this post....I needed to hear that. Still licking my wounds unfortunately but at least I'm not revenge trading....that used to add insult to injury.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #44,533
  • Jul 26, 2012 8:47am Jul 26, 2012 8:47am
Quoting PipTrapper
http://www.bundeskanzlerin.de/Webs/B...t/contact.html
Thanks! I've left an email asking her to say something about how f*&ked her country is and if she doesn't get a move on it soon, her next question may be; "Would you like fries with that?".
I observe your reality but live my own.
  • #44,534
  • Jul 26, 2012 8:51am Jul 26, 2012 8:51am
Quoting Pipnosis
Thanks for this post....I needed to hear that. Still licking my wounds unfortunately but at least I'm not revenge trading....that used to add insult to injury.
This type of market tests the best traders emotional control... Many did not prepare for this. These moves are signs of liquidating markets and in my experience its really when you have to practice PATIENCE and discipline
  • #44,535
  • Jul 26, 2012 8:52am Jul 26, 2012 8:52am
Quoting afos
hi can i just ask what the best way to look for old news date 31-10-2011 for instance?
That depends on what sort of data you are looking for. For instance, results of FOMC meetings here, IMF data here, there is plenty of it, you need to know what are you looking for.

If you are skilled enough, you can use some metasearch engine.

T
"I know one thing, that I know nothing." Sokrates
  • #44,536
  • Jul 26, 2012 8:54am Jul 26, 2012 8:54am
Quoting Cgb
Thanks! I've left an email asking her to say something about how f*&ked her country is and if she doesn't get a move on it soon, her next question may be; "Would you like fries with that?".
You Sir need to go back to McDonalds School. You're supposed to up-sell an apple pie as well

http://www.treasurenet.com/forums/at...have-fried.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #44,537
  • Jul 26, 2012 8:56am Jul 26, 2012 8:56am
cmon, doji on H1, gogogo.
"I know one thing, that I know nothing." Sokrates
  • #44,538
  • Jul 26, 2012 9:01am Jul 26, 2012 9:01am
Pending home Sales a disappointing -1.4% vs +0.6% expected vs +5.9% last time.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,539
  • Jul 26, 2012 9:02am Jul 26, 2012 9:02am
Quoting PipTrapper
You Sir need to go back to McDonalds School. You're supposed to up-sell an apple pie as well

http://www.treasurenet.com/forums/at...have-fried.jpg
I did. Top of bear flag channel ... 1.2450
I observe your reality but live my own.
  • #44,540
  • Jul 26, 2012 9:02am Jul 26, 2012 9:02am
Bad US Home Sale data
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