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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #52,561
  • Sep 5, 2012 9:11am Sep 5, 2012 9:11am
ok..almost at yesterdays high....

go speed racer, go speed racer, go speed racer goooooooooo !
  • #52,562
  • Sep 5, 2012 9:13am Sep 5, 2012 9:13am
Merkel tells lawmakers she OPPOSE unlimited bond buying! Can accept temporary short term bond buying but not permanent unlimited.
  • #52,563
  • Sep 5, 2012 9:14am Sep 5, 2012 9:14am
Gotta love that drop!
  • #52,564
  • Sep 5, 2012 9:19am Sep 5, 2012 9:19am
What a roller coaster. I'm so confused on entry points right now. Feels like this could go either way. Currently this is right on/around the 61.8 fib line at 1.2592, for a fib between the feb. high and july low.

Tempted to go short right here.
  • #52,565
  • Sep 5, 2012 9:21am Sep 5, 2012 9:21am
Quoting Dagoot
What a roller coaster. I'm so confused on entry points right now. Feels like this could go either way. Currently this is right on/around the 61.8 fib line at 1.2592, for a fib between the feb. high and july low.

Tempted to go short right here.
If you're confuse, don't trade.


Rule #4 - Never chase PA.
  • #52,566
  • Edited 9:37am Sep 5, 2012 9:23am | Edited 9:37am
Quoting FXSwissTrader
BOC talking about hiking rates soon. Very bullish BOC release. WTF?
You mean PBOC? Commodities seem to see that. Almost all red.

edit: P for People´s
edit again: ah, Canada. Forget I have said something.

T
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"I know one thing, that I know nothing." Sokrates
  • #52,567
  • Sep 5, 2012 9:30am Sep 5, 2012 9:30am
Quoting Dagoot
What a roller coaster. I'm so confused on entry points right now. Feels like this could go either way. Currently this is right on/around the 61.8 fib line at 1.2592, for a fib between the feb. high and july low.

Tempted to go short right here.
For me, as tempting as a short here is, i feel cautious about it.

The 1 HR MacD just turned bullish, and the price action just isnt backing of this R1 level, though it isnt going throught yet. The PA is near the highs for the past several weeks and the 1 HR, 4HR, and Daily RSI is still bullish...

a short is very much a crap shoot at this point......
  • #52,568
  • Sep 5, 2012 9:31am Sep 5, 2012 9:31am
Merkel's CDU Ally Barthle says Germany lucky if it sees GDP growth of 1% in 2013.
  • #52,569
  • Sep 5, 2012 9:33am Sep 5, 2012 9:33am
Markets were pricing in money printing as the option that was to be deployed. They didn't get it so far from Merkel, so austerity is still on line from the ones being asked to pay the bill.
USD/CAD has not really moved much and there are a bunch of shorts with some big stops above current levels.
Just a thought. it is late in the morning, but a strange kind of day.
  • #52,570
  • Sep 5, 2012 9:34am Sep 5, 2012 9:34am
Quoting nathan25x
For me, as tempting as a short here is, i feel cautious about it.

The 1 HR MacD just turned bullish, and the price action just isnt backing of this R1 level, though it isnt going throught yet. The PA is near the highs for the past several weeks and the 1 HR, 4HR, and Daily RSI is still bullish...

a short is very much a crap shoot at this point......
I always trade the high range. No matter what. It works out more than not and even then if you trade at a high range depending on your style I always trade with the thought of average down because the chances at at the next resistance level it is going to drop. On those trades I am about 99%. This is not a fast climb at all for the whole up trend and won't be likely a change in that until tomorrow most likely. Traded the low range of a 100.... Works more than not especially if you have at least one cost averaging into your system that won't hurt you. You just need to know the resistance levels real well and when to do it should it break the range.

Traders are looking to make money and fighting resistance is not a winning prop unless news and conditions are right to break it. Trading inside the range is always the safest bet unless you have a major trend that is strong unlike the one we have now.
  • #52,571
  • Sep 5, 2012 9:38am Sep 5, 2012 9:38am
Well I missed my sell limit by 3 pips after moving it from 1.2620 to 1.2625. Would've been a quick 30 pips.
  • #52,572
  • Sep 5, 2012 9:42am Sep 5, 2012 9:42am
Quoting FXSwissTrader
Well I missed my sell limit by 3 pips after moving it from 1.2620 to 1.2625. Would've been a quick 30 pips.
Don't you hate that. NOTHING more you want to scream about than that. KNOW THE FEELING!
  • #52,573
  • Sep 5, 2012 9:42am Sep 5, 2012 9:42am
Quoting TRMZXT
I always trade the high range. No matter what. It works out more than not and even then if you trade at a high range depending on your style I always trade with the thought of average down because the chances at at the next resistance level it is going to drop. On those trades I am about 99%. This is not a fast climb at all for the whole up trend and won't be likely a change in that until tomorrow most likely.
I got you...for me to short here i want to see some break down in PA and indicators on my 5M chart. I'm not seeing it and i dont want to get stuck in anything right before i go to bed...its almost 11 pm where i am..
  • #52,574
  • Sep 5, 2012 9:50am Sep 5, 2012 9:50am
Quoting k.k
Hi swiss trader, where do you live in Germany? last week I was in Hamburg.
Ask Microsoft Technical Support Department
  • #52,575
  • Sep 5, 2012 9:51am Sep 5, 2012 9:51am
well folks, i will put my +47 (35 and 12) pips into the bank now and go to bed...take care all and good trading
  • #52,576
  • Sep 5, 2012 9:55am Sep 5, 2012 9:55am
7.9 Earthquake near Costa Rica. Tsunami warning for central America, Caribbean and Mexico.
  • #52,577
  • Sep 5, 2012 9:56am Sep 5, 2012 9:56am
According to sources. No interest rate cut tomorrow by ECB. It is not up for discussion at this month's meeting.
  • #52,578
  • Sep 5, 2012 9:56am Sep 5, 2012 9:56am
price fluctuatin -+20 pips why?
Wooooohooooo or Boooooohooooo
  • #52,579
  • Sep 5, 2012 9:59am Sep 5, 2012 9:59am
Quoting gnomoneey
price fluctuatin -+20 pips why?
All you have to do is follow this thread and look above.
  • #52,580
  • Sep 5, 2012 10:01am Sep 5, 2012 10:01am
Quoting nathan25x
I got you...for me to short here i want to see some break down in PA and indicators on my 5M chart. I'm not seeing it and i dont want to get stuck in anything right before i go to bed...its almost 11 pm where i am..
I understand. I always trade off of quarters segments and range trading. I never trade on a short on a low MACD on the 3M or long on a High. It has to move down a bit for continuation. I had a HIGH 9M MACD which 80 of the time is going to reverse at least 25 pips against the top of the range with a 3M MACD showing weakness with a top range trend line. So... I have about a 90% of success straight off. So I take it. 22 pips.
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