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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #45,521
  • Aug 2, 2012 8:07am Aug 2, 2012 8:07am
40 pips worth of longs at 1.2195 only to lose it all just as quick. That's some volatility..

Usually the blue exhaustion line is good for a sharp reversal (on 1m). But I never pay attention to these on days like this.

Here's a 1m chart. Added to shorts on both of the retraces.

Finding some support at 1.2170, almost longed it for a cover but I just cannot seem to press long on this pair even when its just a partial TP.
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Be hopeful in a winning position, and fearful in a losing position.
  • #45,522
  • Aug 2, 2012 8:08am Aug 2, 2012 8:08am
Quoting mka_78
OMG!
sell limit 1.2405 didn't trigger, why didn't i lowered it to 1.24?
and now 220 pips down........... missed alot
I guess I was more optimistic than you. My sell limit was at 1.2440
This is exactly why I scale in my sells. No regrets that way.
I'm in at 1.2360, 1.2314, 1.2236 and 1.2140... not to mention my long running shorts from 1.4647 and 1.3410

Let's see if I can double my target this year. I've already surpassed the initial target, so everything from here on is bonus.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,523
  • Aug 2, 2012 8:09am Aug 2, 2012 8:09am
El Draghi still ......................
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  • #45,524
  • Aug 2, 2012 8:09am Aug 2, 2012 8:09am
Just wake up, what a nice rollercoaster. 1.2175 0,618 fib level from 1.204 low
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #45,525
  • Aug 2, 2012 8:09am Aug 2, 2012 8:09am
Quoting rekon67
Sale orders triggered @ 1.2400, 1.2360
Excellent
Those who say it cannot be done should not interrupt those who are doing it
  • #45,526
  • Aug 2, 2012 8:10am Aug 2, 2012 8:10am
Quoting Rag2RichesFX
40 pips worth of longs at 1.2195 only to lose it all just as quick. That's some volatility..

Usually the blue exhaustion line is good for a sharp reversal (on 1m). But I never pay attention to these on days like this.

Here's a 1m chart. Added to shorts on both of the retraces.

Finding some support at 1.2170
Good work R2R.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,527
  • Aug 2, 2012 8:10am Aug 2, 2012 8:10am
Quoting FXSwissTrader
El Draghi still ......................


Backpeddler
Those who say it cannot be done should not interrupt those who are doing it
  • #45,528
  • Aug 2, 2012 8:16am Aug 2, 2012 8:16am
Quoting PipTrapper
Excellent
Pips goes to PT Fund
  • #45,529
  • Aug 2, 2012 8:16am Aug 2, 2012 8:16am
Quoting PipTrapper
I guess I was more optimistic than you. My sell limit was at 1.2440
This is exactly why I scale in my sells. No regrets that way.
I'm in at 1.2360, 1.2314, 1.2236 and 1.2140... not to mention my long running shorts from 1.4647 and 1.3410

Let's see if I can double my target this year. I've already surpassed the initial target, so everything from here on is bonus.
You have already achieved your annual target? Congrats PT
Be hopeful in a winning position, and fearful in a losing position.
  • #45,530
  • Aug 2, 2012 8:17am Aug 2, 2012 8:17am
[quote=Gofer Pips;5896954]HAHAHA!

[quote=PipTrapper;5896979]/quote]

Quoting FXSwissTrader
Love that clip everytime!

me too my favorite clip ...
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  • #45,531
  • Aug 2, 2012 8:17am Aug 2, 2012 8:17am
Sigh....

After my 2216 order was missed by 1 pip, I left my pending shorts up while I went out and they all got blown away.

Would have been fine if my original entry had worked, feeling a bit annoyed really, because I normally pull all my orders during these news events and then kick myself because my orders would have been fine. This time I leave them and they get smoked. lol....

Eh its about time I got my ass wooped because things were going swimmingly for this year

Hope you all have green pips
"Don't Panic..."
  • #45,532
  • Aug 2, 2012 8:21am Aug 2, 2012 8:21am
Quoting mka_78
OMG!
sell limit 1.2405 didn't trigger, why didn't i lowered it to 1.24?
and now 220 pips down........... missed alot
Yeah you should put it below the psych level. The initial spike to 1.2390 (eaI had a sell limit for 1.2393, right above 50 fib. Should have put it right below 50 fib. So this time I placed my sell limit at 1.2383.

Been there, know the feeling. In fact, that is me most of the time, just barely missing limit orders.
Be hopeful in a winning position, and fearful in a losing position.
  • #45,533
  • Aug 2, 2012 8:21am Aug 2, 2012 8:21am
OK I'm closed out of

E/U +300 pips Roundtrip!
U/CAD, A/U, N/U, G/U, E/J

700+ pips in under 45 minutes!

I think I may be done trading today. Thank you El Draghi!
  • #45,534
  • Aug 2, 2012 8:21am Aug 2, 2012 8:21am
Quoting PipTrapper
Well here we are. The balloon has been burst. Draghi's words no longer caerry the same credibility. Obviously the market expected more... much more.

So here's what we have.

The ECB MAY intervene in the bond markets by buying shorter term securities in the secondary market.
Such purchases will be done in the context of the ECB's mandate of maintaining price stability.
Debt seniority will be taken into consideration is such operations.
No decision yet as to whether such purchases will be sterilized.

In other words, Draghi has...
Oops. I misunderstood something in the official statement.

Apparently, the ECB will not conduct any bond purchases unless the targeted countries have applied for funding through the EFSF (to become ESM) and have met all the conditions for funding. It is only then that the ECB MAY engage in purchases of short dated bonds.

Obviously, this is even worse.

More down to come. We'll be testing 1.20 in no time.
Those who say it cannot be done should not interrupt those who are doing it
  • #45,535
  • Aug 2, 2012 8:22am Aug 2, 2012 8:22am
Quoting rekon67
Sale orders triggered @ 1.2400, 1.2360
Congrats Reckon.
  • #45,536
  • Aug 2, 2012 8:23am Aug 2, 2012 8:23am
Quoting FXSwissTrader
OK I'm closed out of

E/U +300 pips Roundtrip!
U/CAD, A/U, N/U, G/U, E/J

700+ pips in under 45 minutes!

I think I may be done trading today. Thank you El Draghi!
Those who say it cannot be done should not interrupt those who are doing it
  • #45,537
  • Aug 2, 2012 8:24am Aug 2, 2012 8:24am
Quoting Halifax
Sigh....

After my 2216 order was missed by 1 pip, I left my pending shorts up while I went out and they all got blown away.

Would have been fine if my original entry had worked, feeling a bit annoyed really, because I normally pull all my orders during these news events and then kick myself because my orders would have been fine. This time I leave them and they get smoked. lol....

Eh its about time I got my ass wooped because things were going swimmingly for this year

Hope you all have green pips
Way to look at the bright side
Be hopeful in a winning position, and fearful in a losing position.
  • #45,538
  • Aug 2, 2012 8:27am Aug 2, 2012 8:27am
Quoting PipTrapper
Not gonna get greedy!
  • #45,539
  • Aug 2, 2012 8:28am Aug 2, 2012 8:28am
Quoting FXSwissTrader
OK I'm closed out of

E/U +300 pips Roundtrip!
U/CAD, A/U, N/U, G/U, E/J

700+ pips in under 45 minutes!

I think I may be done trading today. Thank you El Draghi!
Truly outstanding! Did you close them all?



Just took a 1/3 partial profit at 1.2184.

Rest will be targetting 1.2050, then getting short on a retrace, then I am copying PTs target 1.16

Although will probably take profit again at 1.1850 and short retrace
Be hopeful in a winning position, and fearful in a losing position.
  • #45,540
  • Aug 2, 2012 8:28am Aug 2, 2012 8:28am
It's pointless to go against the euro, it's pointless to short the euro, draghi has just said in press conference . hahahaaaaaaaaaaaaaaa
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