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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #51,661
  • Aug 31, 2012 2:04pm Aug 31, 2012 2:04pm
Quoting mka_78
WOW WOW WOW What is happening? I mean what happened? I have just got online and saw the whole fight.
Have to read previous posts and get back to you
Don't forget to skip the cursing. Focus more on the humor
Those who say it cannot be done should not interrupt those who are doing it
  • #51,662
  • Aug 31, 2012 2:06pm Aug 31, 2012 2:06pm
Quoting FXSwissTrader
Alright, That's it for me. After all the freaky Friday action today I was only able to squeeze 100+ pips from the market with both E/U and G/U.

Have a great weekend guys. Please spend time with family, friends and loved one's this weekend. Kiss somebody. Even you Ken.


I leave you with a little bit of Switzerland. An example of precision and OCD in everything we do. The Swiss Top Secret Drum Corps........

http://www.youtube.com/watch?v=YJVdnMAGIt8
Only

On a day like this that's not a lot but you have to realize, most people would kill to make 100 pips a day! That's 1% with 1:1 leverage..
Be hopeful in a winning position, and fearful in a losing position.
  • #51,663
  • Aug 31, 2012 2:19pm Aug 31, 2012 2:19pm
Quoting Rag2RichesFX
Only

On a day like this that's not a lot but you have to realize, most people would kill to make 100 pips a day! That's 1% with 1:1 leverage..
Got that right.
I observe your reality but live my own.
  • #51,664
  • Aug 31, 2012 2:26pm Aug 31, 2012 2:26pm
Quoting Cgb
Got that right.
I third that

Today I managed to book 55 pips to balance. Oh well, next week should hopefully bring an end to this BS.
Those who say it cannot be done should not interrupt those who are doing it
  • #51,665
  • Aug 31, 2012 2:30pm Aug 31, 2012 2:30pm
Quoting PipTrapper
I third that

Today I managed to book 55 pips to balance. Oh well, next week should hopefully bring an end to this BS.
I fourth that! And with the above quote I guess it is time to say good bye and happy week-end to all.
  • #51,666
  • Aug 31, 2012 2:34pm Aug 31, 2012 2:34pm
Another week where the world is just beautiful and the trillions of dollars in debt just doesn't mean anything to the markets and it's up, up, up we go!

Maxwell, if you keep this up I will personally rip your belly open and make maple sirup bacon out of you ($12 milliion dollars worth of it was stolen today from Québec reverses).

I bid you all a great weekend, it's our last summer long holiday in North America and if i survive more kite flying exercises this weekend, I'll be here Tuesday.

Here's a line from a movie I love... It applies to both the bulls as it does the bears. Both could claim this at this point. (Please move forward to time index 2:04, the link didn't post the time mark).

Cheers!

Inserted Video


EDIT: Sorry, that's 2:04
I observe your reality but live my own.
  • #51,667
  • Aug 31, 2012 3:07pm Aug 31, 2012 3:07pm
here's an update on this beast, 31.76... i shorted 31.73 s/l 31.80, not looking for many pips here, just a few!

Good target for a decent pull back ($1-2) would be around $33, where I have circled. Good supply and also the 61.8 fib

sorry should have changed the text to black,

silver daily
Attached Image (click to enlarge)
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Be hopeful in a winning position, and fearful in a losing position.
  • #51,668
  • Aug 31, 2012 3:09pm Aug 31, 2012 3:09pm
Quoting PipTrapper
Okay you are talking about correlation. The correlation is that they are both risk assets in the context of the risk-on/risk-off paradigm.
Right now, the correlations are a bit off due to uncertainty over how the CBs are going to intervene in the markets.
Over time the market changes its personality and correlations break or deviate somewhat. That is the nature of the market. Very dynamic.
Will they be 100% correlated with each other again? Nobody knows.
again many thanks for taking time to explain this to me.....have a great weekend everyone
Wooooohooooo or Boooooohooooo
  • #51,669
  • Aug 31, 2012 3:11pm Aug 31, 2012 3:11pm
Quoting PipTrapper
I third that

Today I managed to book 55 pips to balance. Oh well, next week should hopefully bring an end to this BS.
Yes I hope we get some real ranges next week. Today was great but the rest of the week was awful.

55 pips is never anything to be ashamed of I'll take it any day.
Be hopeful in a winning position, and fearful in a losing position.
  • #51,670
  • Aug 31, 2012 3:42pm Aug 31, 2012 3:42pm
Quoting Rag2RichesFX
Yes I hope we get some real ranges next week. Today was great but the rest of the week was awful.

55 pips is never anything to be ashamed of I'll take it any day.
Take your pick;

1 pip = $x,xxx or 1 pip = $xx.

There you have the answer
  • #51,671
  • Aug 31, 2012 3:57pm Aug 31, 2012 3:57pm
Potential problem with gold here, although my eye sees 1920 again. And honestly if I had to predict, I think 1920 is double top, then we go down through 1530 and have SERIOUS deflation and market crash. E/U to 1.16 or lower. or Ben just keeps printing forever and keeps ZIRP going forever, and gold ignores all bearish technicals but almost never will bullish ones (because fundamentals will most certainly be in place)

But note the trendline on gold, its an old one since it broke but its still important. It's confluent with 1700 area as well which is heavy supply

So basically, this looks to be a very strong bull, but I think will have pull back at 1700, not much of one though, but it still needs to break this level and I think profit will be taken there. However once 1700 is gone, its 1764, then 1800! I'm getting excited

Have a great weekend everyone, next week should be great.

Gold Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: goldweekly8-31-2012.jpg Size: 95 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #51,672
  • Aug 31, 2012 4:02pm Aug 31, 2012 4:02pm
I have made up my mind to long most USD and JPY pairs, short Gold and Silver before the market close.

If what I am seeing today just simply fear and not inflation due to QE, next week/month should see the fruit. If it's inflation as shown in Gold and Silver, worst will be partial lost or break-even.
  • #51,673
  • Aug 31, 2012 4:19pm Aug 31, 2012 4:19pm
Quoting Rag2RichesFX
Potential problem with gold here, although my eye sees 1920 again. And honestly if I had to predict, I think 1920 is double top, then we go down through 1530 and have SERIOUS deflation and market crash. E/U to 1.16 or lower. or Ben just keeps printing forever and keeps ZIRP going forever, and gold ignores all bearish technicals but almost never will bullish ones (because fundamentals will most certainly be in place)

But note the trendline on gold, its an old one since it broke but its still important. It's confluent with 1700 area as well which...
I had stop loss at 1701 now 1707 on x100 trade short t/p 1669.
You dont think this is likely? You say if breaks 1700 - then 1764 is next, - what timeline for this. I'm currently heavy trading eur/.usd
( So stop loss, or hedge it - tricky - not on x100 if fast moves)
thanks VB
  • #51,674
  • Aug 31, 2012 4:50pm Aug 31, 2012 4:50pm
Quoting Rag2RichesFX
Potential problem with gold here, although my eye sees 1920 again. And honestly if I had to predict, I think 1920 is double top, then we go down through 1530 and have SERIOUS deflation and market crash. E/U to 1.16 or lower. or Ben just keeps printing forever and keeps ZIRP going forever, and gold ignores all bearish technicals but almost never will bullish ones (because fundamentals will most certainly be in place)

But note the trendline on gold, its an old one since it broke but its still important. It's confluent with 1700 area as well...

Gold has a long way to go, 1800 is a major supply level the word is that benny has his finger on the trigger and ready to give out free money well basically free money. The S&P 500 is at the major supply zone of 1420 and if the market doesnt get what it wants we wont break that and we'll come crashing down below 1300 before you know it! If we get QE i for one will certainly be going long on indices and gold and I actually am long on gold as it is I even see 2000 before year end, however that is completely subject to whether we get qe or not. The market has priced in that its a very strong option but until we get the go ahead we're in a stalemate I for one am hoping we do!
  • #51,675
  • Aug 31, 2012 6:53pm Aug 31, 2012 6:53pm
Quoting Ken A
Wulf, could you please look at E/AUD now @ 1.21760 what level is this one?
Watch the 1.2152.... its a major on the monthly/weekly/dailys... the break and close over it tells me it needs a confirmed retest of that level and a break of the new high to confirm a move to the next major channel.

For now though I expect it to oscillate or move up unless that 1.2152 gives way.... Def a good "line in the sand"
  • #51,676
  • Edited 8:34pm Aug 31, 2012 8:11pm | Edited 8:34pm
Quoting Wulfgar
Watch the 1.2152.... its a major on the monthly/weekly/dailys... the break and close over it tells me it needs a confirmed retest of that level and a break of the new high to confirm a move to the next major channel.

For now though I expect it to oscillate or move up unless that 1.2152 gives way.... Def a good "line in the sand"
Hey Wulfgar!

Hope you had a good week. I agree with your assessment of the EUR/AUD but I'm curious to hear what the next "major channel" would be assuming it keeps moving up? I am thinking it could reach up to 1.30 for various reasons. What are your thoughts?

I'm still long EUR/AUD and GBP/AUD Also have a few short AUD/USD positions which I hope will reach their TP targets before September 13 as I don't want to be very leveraged come the next FOMC.
  • #51,677
  • Aug 31, 2012 9:36pm Aug 31, 2012 9:36pm
Quoting Vikingbarde
I had stop loss at 1701 now 1707 on x100 trade short t/p 1669.
You dont think this is likely? You say if breaks 1700 - then 1764 is next, - what timeline for this. I'm currently heavy trading eur/.usd
( So stop loss, or hedge it - tricky - not on x100 if fast moves)
thanks VB
If you were short from 1700 you should have taken profit in the 1500s..

I'd be careful shorting the metals my friend.

I also primary trade Euro, for intraday. Metals are my buy and hold and 50% of my investment capital is cash, 50% in silver/gold. Thinking of making it 60/40 soon and maybe change the ratio to 25% gold 75% silver.

Here are two gold charts I spent a while working on, I hope you get something out of them. IMO the ranges are very clear on gold.

Daily zoomed out

Daily
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: golddaily8-31-2012.jpg Size: 144 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #51,678
  • Aug 31, 2012 10:37pm Aug 31, 2012 10:37pm
Hey traders,

August was a cruel mistress to me, my confidence is quite down. The result = not following plan due to fear of taking another loss.

Simple chart:

Attached Image (click to enlarge)
Click to Enlarge Name: doh.png Size: 21 KB
"Don't Panic..."
  • #51,679
  • Edited 10:08am Sep 1, 2012 1:49am | Edited 10:08am
Good Day All

We just have closed a quite uncertain month and specially yesterday we witnessed a lot of tug-of-war between bulls and bears (rather say whipsawing in the market )

However, in my opinion we as a trader need to survive on uncertainities.

September is a fresh month and sure we will be engaging ourselves with new plans to win the market.

So here is a start from my end having a consolidated report of past month.

Posted at Kindergarten
  • #51,680
  • Sep 1, 2012 2:30am Sep 1, 2012 2:30am
Quoting rekon67
Good Day All

We just have closed a quite uncertain month and specially yesterday we witnessed a lot of tug-of-war between bulls and bears (rather say whipsawing in the market )

However, in my opinion we as a trader need to survive on uncertainities.

September is a fresh month and sure we will be engaging ourselves with new plans to win the market.

So here is a start from my end having a consolidated report of past month.

Posted at Kintergarden...
Very nice post you created in the Kindergarten thread!
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