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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #53,981
  • Sep 11, 2012 11:02am Sep 11, 2012 11:02am
Volume is down, just check this M15 close and then you guys can carry on shooting some Short on the Mofyu ;P
  • #53,982
  • Sep 11, 2012 11:04am Sep 11, 2012 11:04am
Quoting rekon67
Next Round figure is 1.2900 keep that in mind, it is now an open ground for buyers.
I certainly didn't expect another 100 pip north when I woke up this morning. Technically, continuation of Marubozu candle on Friday and now confortably above 200SMA and daily downtrend lines.

London buying into the close, no signs of trying to stop US dollar drop yet.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD_Sep11_1159.gif Size: 133 KB
Click to Enlarge Name: V2 Rocket.jpg Size: 101 KB
I observe your reality but live my own.
  • #53,983
  • Sep 11, 2012 11:06am Sep 11, 2012 11:06am
Quoting rekon67
Volume is down, just check this M15 close..
How about that NY h4 close which closed 5 minutes ago? Doesnt look very bearish to me.

T
"I know one thing, that I know nothing." Sokrates
  • #53,984
  • Sep 11, 2012 11:07am Sep 11, 2012 11:07am
Quoting Cgb
I certainly didn't expect another 100 pip north when I woke up this morning. Technically, continuation of Marubozu candle on Friday and now confortably above 200SMA and daily downtrend lines.

London buying into the close, no signs of trying to stop US dollar drop yet.

See I am not surprised because a perfect market overbought situation only comes when CCI 20 is around 200 level with RSI 14 / 20 above 80. Further more price should cross down 200 MA. So lets wait for few more days it is just going perfectly.
  • #53,985
  • Sep 11, 2012 11:09am Sep 11, 2012 11:09am
Quoting Tom_D_Trader
How about that NY h4 close which closed 5 minutes ago? Doesnt look very bearish to me.

T
Am doing some scalping with clear method shorted at 65.
  • #53,986
  • Sep 11, 2012 11:12am Sep 11, 2012 11:12am
Quoting Tom_D_Trader
How about that NY h4 close which closed 5 minutes ago? Doesnt look very bearish to me.

T
Nothing since August 3rd has looked bearish!
I observe your reality but live my own.
  • #53,987
  • Sep 11, 2012 11:14am Sep 11, 2012 11:14am
Quoting rekon67
Am doing some scalping with clear method shorted at 65.

How far south do do you think? I think no farther than 1.2815 at best. Probably bounce of 25-40
  • #53,988
  • Sep 11, 2012 11:14am Sep 11, 2012 11:14am
Quoting rekon67
Am doing some scalping with clear method shorted at 65.
I aint scalper, but it seems like a "brilliant idea" to short right after H4 broke quarterly highs. . Really, I dont understand to scalping, thats why I dont do it, but ...., right after H4 break mate.

Anyway, wish you luck.

T
"I know one thing, that I know nothing." Sokrates
  • #53,989
  • Sep 11, 2012 11:14am Sep 11, 2012 11:14am
Quoting kinky
Attachment
Looks bad for shorties.
  • #53,990
  • Sep 11, 2012 11:15am Sep 11, 2012 11:15am
Question. Does this look like strong resistance? going back to May 6 Price bounces off of this level before penitrating it. It is then retested May 11 before the big downtrend. Thoughts?
Attached Image (click to enlarge)
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I am keeing in mind the other techinicals. My oly goal is tosee whatother traders think of this level!

Good hunting!
Do what you are afraid to do -Emerson
  • #53,991
  • Sep 11, 2012 11:16am Sep 11, 2012 11:16am
Quoting Cgb
Nothing since August 3rd has looked bearish!
You have a point here. Well, as I said, I aint scalper. Cant find the top using indicators.
"I know one thing, that I know nothing." Sokrates
  • #53,992
  • Sep 11, 2012 11:18am Sep 11, 2012 11:18am
Quoting TRMZXT
How far south do do you think? I think no farther than 1.2815 at best. Probably bounce of 25-40
Hi, For Scalping I use the fib retracement points and for entry S/R.

Attached Image
  • #53,993
  • Sep 11, 2012 11:20am Sep 11, 2012 11:20am
Quoting Tom_D_Trader
I aint scalper, but it seems like a "brilliant idea" to short right after H4 broke quarterly highs. . Really, I dont understand to scalping, thats why I dont do it, but ...., right after H4 break mate.

Anyway, wish you luck.

T
Yep it is safe trade with H4. GL Mate
  • #53,994
  • Sep 11, 2012 11:21am Sep 11, 2012 11:21am
Quoting rekon67
Hi, For Scalping I use the fib retracement points and for entry S/R.

Attachment
That's really helpful! Could you sow how you plot your Fib lines Rekon? It looks like you are changing them as the day progresses.

Thanks!
Do what you are afraid to do -Emerson
  • #53,995
  • Sep 11, 2012 11:21am Sep 11, 2012 11:21am
Quoting rekon67
Hi, For Scalping I use the fib retracement points and for entry S/R.

Attachment

nice chart. IS that a automated chart? How does it work. I just look at PA S/R levels which pretty much was the same as what that chart gave as major point to to turn.
  • #53,996
  • Sep 11, 2012 11:23am Sep 11, 2012 11:23am
Quoting rekon67
See I am not surprised because a perfect market overbought situation only comes when CCI 20 is around 200 level with RSI 14 / 20 above 80. Further more price should cross down 200 MA. So lets wait for few more days it is just going perfectly.
Yup, slow stoch (39,9,9) on daily now reaching exhaustion levels. I'd still wait for confirmation of reversal before trying to pick any tops here. Right now I think it's better to wait and get confirmation then to risk any capital going short. If indeed we're all looking for a drop to 1.18xx (over one thousand points away), then waiting for confirmation and getting 80% of the drop is a good proposition.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_Sep11_1218.gif Size: 121 KB
I observe your reality but live my own.
  • #53,997
  • Sep 11, 2012 11:25am Sep 11, 2012 11:25am
Quoting Pip_Warrior
That's really helpful! Could you sow how you plot your Fib lines Rekon? It looks like you are changing them as the day progresses.

Thanks!


Quoting TRMZXT
nice chart. IS that a automated chart? How does it work. I just look at PA S/R levels which pretty much was the same as what that chart gave as major point to to turn.
Hi,

This is dynamic chart shows values in Excel, You can download a copy from PT's Kindergarten.

This is on Daily time frame and the levels works good in normal trading day.
  • #53,998
  • Sep 11, 2012 11:27am Sep 11, 2012 11:27am
Quoting Cgb
Yup, slow stoch (39,9,9) on daily now reaching exhaustion levels. I'd still wait for confirmation of reversal before trying to pick any tops here. Right now I think it's better to wait and get confirmation then to risk any capital going short. If indeed we're all looking for a drop to 1.18xx (over one thousand points away), then waiting for confirmation and getting 80% of the drop is a good proposition.
Yes!!! All set up for that only
  • #53,999
  • Sep 11, 2012 11:27am Sep 11, 2012 11:27am
Quoting rekon67
Hi,

This is dynamic chart shows values in Excel, You can download a copy from PT's Kindergarten.

This is on Daily time frame and the levels works good in normal trading day.

Thanks!!
  • #54,000
  • Sep 11, 2012 11:27am Sep 11, 2012 11:27am
I am going out for a while. Good luck with your shorts Rekon.

Will be back soon . I would miss you.

T
"I know one thing, that I know nothing." Sokrates
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