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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #45,201
  • Jul 31, 2012 8:59am Jul 31, 2012 8:59am
Quoting Rag2RichesFX
My stop at 1.2304 just missed.. thankfully usually I have horrible luck with that. Then good PMIs and down we go again.
Looks like market wants to rally month end IMO. This b#tch won't go down.
  • #45,202
  • Jul 31, 2012 9:01am Jul 31, 2012 9:01am
Screw this volatility. I dont know who is selling and who is buying these dips. If my stop is taken out then I am done trying to go bearish for today and will wait for the monetary policy and unemployement numbers

1hr close above 2287 but my goodness those candles look bearish

edit: 2279 is tough to get through as it was the open price for the last 4hr candle
Be hopeful in a winning position, and fearful in a losing position.
  • #45,203
  • Jul 31, 2012 9:01am Jul 31, 2012 9:01am
Consumer confidence 65.9 overshooting estimate of 61.8. Watch equity markets and dollar index. It'll probably be risk on when NY equity market opens into NY close.
  • #45,204
  • Jul 31, 2012 9:15am Jul 31, 2012 9:15am
Quoting Rag2RichesFX
lmao at Aussie. This thing always takes so long to roll over.

There is no technical reason for buying it now and I am short from 105.30
Retracing ...... There is still room to go higher. Look at higher Tfs.
  • #45,205
  • Jul 31, 2012 9:16am Jul 31, 2012 9:16am
Good PMI and consumer confidence and a rallying Euro...makes sense...

Im done can't trade markets like this successfully unless scalping

Technicals and PA are also pointing down. Definitely can't trade when theres stealth intervention going on (plunge protection team..haha who knows whats going on)

Take care all, I'm just going to scalp, but still short Aussie
Be hopeful in a winning position, and fearful in a losing position.
  • #45,206
  • Jul 31, 2012 9:20am Jul 31, 2012 9:20am
Quoting AlwaysLost
Retracing ...... There is still room to go higher. Look at higher Tfs.
Yes there is maybe to 106 area. But the risk reward on the longside isn't there AT THIS MOMENT (for me anyway). We are overbought and have a daily bearish divergence (on CCI not RSI though which worries me a bit, I think RSI divergences are much stronger) and multiple 4hr.
Be hopeful in a winning position, and fearful in a losing position.
  • #45,207
  • Jul 31, 2012 9:20am Jul 31, 2012 9:20am
Quoting Rag2RichesFX
Screw this volatility. I dont know who is selling and who is buying these dips. If my stop is taken out then I am done trying to go bearish for today and will wait for the monetary policy and unemployement numbers

1hr close above 2287 but my goodness those candles look bearish

edit: 2279 is tough to get through as it was the open price for the last 4hr candle
I have been looking for a long time , who are the market movers. If u know don't mind to share here
  • #45,208
  • Jul 31, 2012 9:27am Jul 31, 2012 9:27am
Quoting FXSwissTrader
Month end is always unpredictable crazy PA. Really have to stay on higher TF to filter the noise.
agreeee...
AM Signal Provider
  • #45,209
  • Jul 31, 2012 9:27am Jul 31, 2012 9:27am
Im targeting 1.2340...

Cheers
aligater
born to speculate
  • #45,210
  • Edited 11:33am Jul 31, 2012 9:38am | Edited 11:33am
Quoting Rag2RichesFX
Yes there is maybe to 106 area. But the risk reward on the longside isn't there AT THIS MOMENT (for me anyway). We are overbought and have a daily bearish divergence (on CCI not RSI though which worries me a bit, I think RSI divergences are much stronger) and multiple 4hr.
For the past 2 months this pairs is bullish with three correction of +/- 250 pips each. 21 RSI indicating divergence on D1 between > 50 and < 70 . With proper MM u will be saved. GL and many green pips.

ADD : 21 RSI - D = 63 , H4 = 66
  • #45,211
  • Jul 31, 2012 9:47am Jul 31, 2012 9:47am
Quoting aligater
Im targeting 1.2340...

Cheers
aligater
You are probably right

I can see them taking out the stops at 2330

Hoping this holds... I expect at least a retest of 1.0440 sometime soon..

US data was nothing but a good way to fake out shorts.

AUDUSD 5m
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #45,212
  • Jul 31, 2012 10:11am Jul 31, 2012 10:11am
Always a bearish day for the dollar before FOMC.

Should have known. E/U 2287 short stopped out at 2304

Got some sell llimits 2328 and 2382 and big one at 2435
Be hopeful in a winning position, and fearful in a losing position.
  • #45,213
  • Jul 31, 2012 10:13am Jul 31, 2012 10:13am
Market is anticipating the +ve announcement on the 2 Aug 12 (8.30) during ECB press conference and US-IJC and 3 Aug 12 (Fri) - US-NFP. It will be a volatile days. As we can see some has been priced in ahead of 2 Aug 12.

I had closed my two shorts yesterday and today with few green pips. Wait for another good opportunity to short at higher price. GL to all.
  • #45,214
  • Jul 31, 2012 10:16am Jul 31, 2012 10:16am
2328 triggered, 4hr bollinger band at 2340 and 88 fib of June retracement at 2343

So many bearish divergences yet still this thing goes up.

I'm off to play some golf,

good luck and green pips for everyone
Be hopeful in a winning position, and fearful in a losing position.
  • #45,215
  • Jul 31, 2012 10:29am Jul 31, 2012 10:29am
Quoting PipTrapper


The pictures have been leaked.

http://3.bp.blogspot.com/_0rfzcsJ9uY..._threesome.jpg
I shoulda known

PT is the Milfhunter
  • #45,216
  • Jul 31, 2012 10:49am Jul 31, 2012 10:49am
Quoting AlwaysLost
Ben is good in twisting the words ...
when he cut interest rate,what it really mean is he is taking the real wealth out of ur pockets in daylight,and giving it to Fed.
Allah has permitted trade and has forbidden interest [koran]
  • #45,217
  • Jul 31, 2012 10:53am Jul 31, 2012 10:53am
Long @ 1.2320
  • #45,218
  • Jul 31, 2012 11:06am Jul 31, 2012 11:06am
Quoting Ken A
Long @ 1.2320

Careful

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Those who say it cannot be done should not interrupt those who are doing it
  • #45,219
  • Jul 31, 2012 11:10am Jul 31, 2012 11:10am
Quoting PipTrapper
Careful

Attachment
Yep
  • #45,220
  • Edited 12:19pm Jul 31, 2012 11:26am | Edited 12:19pm
Quoting drzakir123
when he cut interest rate,what it really mean is he is taking the real wealth out of ur pockets in daylight,and giving it to Fed.
No , I'm not talking about cutting the interest rate. What I meant was the way he answered to the questions posted by the Congress. The words that he used such as .... 'incentivizing the banks', 'discount window' and other banking and economics jargons.


ADD : All this while he's only protecting the interest of the 'FAT' and banking communities.
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