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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,041
  • Aug 9, 2012 3:16pm Aug 9, 2012 3:16pm
Quoting PipTrapper
No.. Out on the town tonight. Out for coffee and desserts by the sea at night
Oh. Have fun.

Dam it. I must move to beach.
  • #47,042
  • Aug 9, 2012 3:22pm Aug 9, 2012 3:22pm
Quoting Ken A
Looks like U/CAD is heading to 0.98000
Wonder where I heard that before?
  • #47,043
  • Aug 9, 2012 3:30pm Aug 9, 2012 3:30pm
Quoting PipTrapper
Okay I've got my eye on a new potential trade. This one is probably something that some of you may go for because it actually has a stop loss and a 1:5.5 risk reward ratio

The pair is USD/JPY and the position is short

Sell limit order at 78.84
Stop Loss at 79.10
Take Profit at 77.50

Rationale
H4 rising wedge. Top of wedge resistance is at or near the 78.84 price which is also the top end of the 61.8 fibo level of the move up from the 75.55 low to the 84.17 high. Further resistance is offered by the falling trend line from the 84.17 high. Ultimate...
I like the idea of shorting the U/J but I would consider waiting to see how price will react to the daily 55EMA around the 79.00 level. There's also a trend line at that level. If it breaks both, we will head to the trend line around 79.80 area and near the psychological 80.00 level. GL. I hate trading U/J.
  • #47,044
  • Aug 9, 2012 3:34pm Aug 9, 2012 3:34pm
Quoting FXSwissTrader
Wonder where I heard that before?
That tl support didn't hold and was breached easily. Hate it
  • #47,045
  • Aug 9, 2012 3:44pm Aug 9, 2012 3:44pm
Quoting mka_78
That tl support didn't hold and was breached easily. Hate it
Yeah. Last couple of days I mentioned that I thought .98 would most likely be the next support for U/CAD. Hope you didn't get hurt too bad. It's a very stubborn pair as I have mentioned.
  • #47,046
  • Aug 9, 2012 3:49pm Aug 9, 2012 3:49pm
I will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BE
Attached Image (click to enlarge)
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  • #47,047
  • Aug 9, 2012 3:49pm Aug 9, 2012 3:49pm
Quoting PipTrapper
It's going to test 1.2300/10
End of day consolidation/profit taking
I mentioned a few times that this is a day trader's market until the real pros return in September. There is also very little follow through as a result.
At least that is my take on it anyway. I could be wrong, but by what I am seeing, I am not
PT,

Could you clarify that statement? Specifically, how different do you expect the September intraday (M30) chart to look from that of the current August intraday (M30) chart?
  • #47,048
  • Aug 9, 2012 3:56pm Aug 9, 2012 3:56pm
Quoting Gofer Pips
I will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BE
I have a sell limit at 1.2322 near the 800 EMA myself. Should PA break through that, 1.2330 should offer very good resistance, so I'm not worried. May move it down if the EMA drops. GL to us.
  • #47,049
  • Aug 9, 2012 3:59pm Aug 9, 2012 3:59pm
Quoting FXSwissTrader
Yeah. Last couple of days I mentioned that I thought .98 would most likely be the next support for U/CAD. Hope you didn't get hurt too bad. It's a very stubborn pair as I have mentioned.
I still remember your words and if i could vouch for you i would
I didn't get hurt and will double the position in the 98 level.
  • #47,050
  • Aug 9, 2012 5:11pm Aug 9, 2012 5:11pm
Hello.

I opened a third sell, sl in the BE of the second sell.

Health for all.
Attached Image (click to enlarge)
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Just for today ...
  • #47,051
  • Aug 9, 2012 5:19pm Aug 9, 2012 5:19pm
i gotta feeling!!!...
that tonight's gonna be a good night
that tonight's gonna be a good, good niiiiiight...

Inserted Video
  • #47,052
  • Aug 9, 2012 7:08pm Aug 9, 2012 7:08pm
Quoting Gofer Pips
I will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BE
How do you get that huge price text in MT4?

Thanks

I have limit at 2319 because I don't want it to get missed. It still might not get hit as its only a few pips off the highs.

Also added some at 1.23

I like your targets too
Be hopeful in a winning position, and fearful in a losing position.
  • #47,053
  • Aug 9, 2012 7:17pm Aug 9, 2012 7:17pm
I agree about the real pros returning in September.

30 year trader I know took off all of July and August.

Then it seems they take another 2 month break during December and January

I know exactly why, trading 12/5/365 makes you so burned out that even if you made great money you just don't want to trade anymore.

Taking breaks and balancing your life is very necessary to success in this business.
Be hopeful in a winning position, and fearful in a losing position.
  • #47,054
  • Aug 9, 2012 7:18pm Aug 9, 2012 7:18pm
Quoting Rag2RichesFX
How do you get that huge price text in MT4?

Thanks

I have limit at 2319 because I don't want it to get missed. It still might not get hit as its only a few pips off the highs.

Also added some at 1.23

I like your targets too
Here you go: Just go into inputs and edit font size to what you want

EDIT: Mine is set on 48
Attached File(s)
File Type: mq4 MMPrice THV.mq4   2 KB | 226 downloads
  • #47,055
  • Aug 9, 2012 7:52pm Aug 9, 2012 7:52pm
Quoting Gofer Pips
Here you go: Just go into inputs and edit font size to what you want

EDIT: Mine is set on 48
Thank you sir!

This will help me watch multiple pairs much easier if I just want to see the price but not the chart.

Be hopeful in a winning position, and fearful in a losing position.
  • #47,056
  • Aug 9, 2012 8:12pm Aug 9, 2012 8:12pm
Quoting Gofer Pips
I will add short @1.2321 SL 1.2344 Target 1 1.2287, Target 2 1.2220, ride the rest at BE
That good shorts.

Me, no trading and no charts for this few days, been busy with office works. Can't concentrate on the market. Just drop by few minutes. Closed 6 shorts took on Friday with green pips and left 3 shorts took on Wednesday at 1.2365.

GL to u and many green pips.
  • #47,057
  • Aug 9, 2012 8:27pm Aug 9, 2012 8:27pm
Quoting halkins
Here's a video of todays technical analysis summary...
I really like those guys,as they represent my trading style.
Mostly things we all discussed today, but nicely squeezed and packed into 4 min video.

Have a cup of tea and enjoy
http://www.youtube.com/watch?v=LtXaazfpRtI
Me too. Like his style will go through again this video . Thanks for the video
  • #47,058
  • Aug 9, 2012 9:32pm Aug 9, 2012 9:32pm
good morning
  • #47,059
  • Aug 9, 2012 9:37pm Aug 9, 2012 9:37pm
looking to complete the triangle
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  • #47,060
  • Aug 9, 2012 10:11pm Aug 9, 2012 10:11pm
Quoting neuron
looking to complete the triangle
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