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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #44,801
  • Jul 27, 2012 9:13am Jul 27, 2012 9:13am
Quoting Islander
agreed - if not today, then on Monday. but I keep banking at each level off my charts posted earlier.....this time, as R2 at 2368 didnt get hit by the close of the hourly candle, I clucked and closed manually a couple of pips below it......
PA has to get through 200EMA on 4HR chart to get to 1.2420 area though.
  • #44,802
  • Jul 27, 2012 9:16am Jul 27, 2012 9:16am
Quoting Tom_D_Trader
So, I ve got my ass raped pretty hard. If H1 closes above 2346, my next target 2664. Ty Draghi, I hope you have made some nice cash.

edit: look at H1 candle... So, I hope if I buy enough weed I will be fine.

Cya some other day,

T
I have it as a high volumed marubozo with bearish divergence, but I dont yet see the shorter TFs turning......so another spike up into the European closes is IMO still likely....
Trading Levels with WRBs
  • #44,803
  • Jul 27, 2012 9:16am Jul 27, 2012 9:16am
Quoting FXSwissTrader
Euro and NZD presently showing as strongest currencies today. Dollar and Yen getting hammered.

Such bullsh#t!
Maybe so, but one has to start wondering if there is substance to the notion of QE3. We're getting all the indications of it and if it comes, we're looking at the USD back into the '70 range.

The only thing that's not jiving in my mind is that commodities (crude and gold) are basically even from yesterday. They have not followed this last 100 point jump north.
I observe your reality but live my own.
  • #44,804
  • Jul 27, 2012 9:16am Jul 27, 2012 9:16am
I merely don't have that much idea regrading this pair which is Euro and Dollar. Pardon me but the only thing I know between this two is that they are the most high exchange and currency of today's market.
  • #44,805
  • Jul 27, 2012 9:18am Jul 27, 2012 9:18am
Can't watch this, going to get heart attack
  • #44,806
  • Jul 27, 2012 9:20am Jul 27, 2012 9:20am
Quoting FXSwissTrader
PA has to get through hourly 200EMA to get to 1.2420 area though.

.....as well as several different lines around the 2400 number....that's a 150 pip ranged day...
Trading Levels with WRBs
  • #44,807
  • Jul 27, 2012 9:21am Jul 27, 2012 9:21am
Quoting Cgb

The only thing that's not jiving in my mind is that commodities (crude and gold) are basically even from yesterday. They have not followed this last 100 point jump north.
Exactly. Market manipulations at it's best.
  • #44,808
  • Jul 27, 2012 9:21am Jul 27, 2012 9:21am
I see the EUR hitting 1.24 today
Good luck and may the odds be ever in your favor!
  • #44,809
  • Jul 27, 2012 9:31am Jul 27, 2012 9:31am
Quoting Islander
.....as well as several different lines around the 2400 number....that's a 150 pip ranged day...
6 straight 15m green candles now...no sellers in sight atm. It seems clear that Merkels comment/phone statement just added credibility to the Dragon's rally cry yesterday... everybody's drinking the lemonade now. This is going to be some kinda hangover for the Euro in the future. I will be keeping my eye out to continue my shorts in future.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #44,810
  • Jul 27, 2012 9:38am Jul 27, 2012 9:38am
Here I have to agree with Jamie... Sadly.
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I observe your reality but live my own.
  • #44,811
  • Jul 27, 2012 9:52am Jul 27, 2012 9:52am
Quoting Cgb
Here I have to agree with Jamie... Sadly.
Just curious as to if someone could provide me insight as to why some are bears and others are bulls. Thanks
Good luck and may the odds be ever in your favor!
  • #44,812
  • Jul 27, 2012 9:55am Jul 27, 2012 9:55am
PT!
Everytime you leave, the euro rises.
please take your laptop with you next time
  • #44,813
  • Jul 27, 2012 9:59am Jul 27, 2012 9:59am
sense will prevail

only loons and crazies would buy at these levels
TRADE FOR SWAP
  • #44,814
  • Jul 27, 2012 10:05am Jul 27, 2012 10:05am
Entered a 2nd short now at 1.2364 , still have my short from 1.2291 only a break of 1.2450 will negate my bearish outlook and will then squash my shorts. Till then im still bearish.
Cheers!!
  • #44,815
  • Jul 27, 2012 10:07am Jul 27, 2012 10:07am
Quoting dbutton1990
Just curious as to if someone could provide me insight as to why some are bears and others are bulls. Thanks
Europe is not getting any better economically = Bear
US hopes that Bennie will print more money = Bull

Monti shoots off his mouth = Bull
Merkel says "Nein, Nein" = Bear

I have a short position = Bear
Doc has a long position = Bull

Hope that answers your question
I observe your reality but live my own.
  • #44,816
  • Jul 27, 2012 10:08am Jul 27, 2012 10:08am
Quoting cgldsmth
sense will prevail

only loons and crazies would buy at these levels
or they are long time position traders closing out their shorts before the August holiday month......and thus they are buying to close....todays COT report should confirm this hypothesis....
Trading Levels with WRBs
  • #44,817
  • Jul 27, 2012 10:09am Jul 27, 2012 10:09am
I think we are done with up move, I was looking at 1.2382 number which is held so far. If we don't break above it today or earlier next week, then its time to go south and have another try at 1.2000. If we do break above it then it will range between 1.2300 - 1.2500 for a while before heading south.
  • #44,818
  • Jul 27, 2012 10:10am Jul 27, 2012 10:10am
Quoting Cgb
Europe is not getting any better economically = Bear
US hopes that Bennie will print more money = Bull

Monti shoots off his mouth = Bull
Merkel says "Nein, Nein" = Bear

I have a short position = Bear
Doc has a long position = Bull

Hope that answers your question
  • #44,819
  • Jul 27, 2012 10:12am Jul 27, 2012 10:12am
Quoting PipsMaster23
Entered a 2nd short now at 1.2364 , still have my short from 1.2291 only a break of 1.2450 will negate my bearish outlook and will then squash my shorts. Till then im still bearish.
Best of luck. I'm going to wait until my balls really hurt before going short again.

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I observe your reality but live my own.
  • #44,820
  • Jul 27, 2012 10:17am Jul 27, 2012 10:17am
Quoting Cgb
Europe is not getting any better economically = Bear

Merkel says "Nein, Nein" = Bear
Nein, Nein verdamt nochmal
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