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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #55,581
  • Sep 20, 2012 10:10am Sep 20, 2012 10:10am
i hate 1.2960 really
  • #55,582
  • Sep 20, 2012 10:13am Sep 20, 2012 10:13am
Quoting Ken A
I think 1.2960 is a good resistance as 1.3072 yesterday.
The are offers at 1.2980/90 area. That is where I would probably add another short.

It makes sense too because it is yesterday's swing low.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,583
  • Sep 20, 2012 10:14am Sep 20, 2012 10:14am
Quoting rekon67
Wingou and PT congratulations for excellent trades

Now what I am expecting is one XXL size underwear.
Thanks Rekon. Did you get in the action today?
Those who say it cannot be done should not interrupt those who are doing it
  • #55,584
  • Sep 20, 2012 10:17am Sep 20, 2012 10:17am
Quoting wingou
Thank you.

And thanks to all for making this thread so usefull, it's a real pleasure to learn trading at your side.
I'm still bearish as lot of peoples here, and waiting a retrace to enter in a "long term" short (as I do a wrong manip @1.3163 )

BTW sorry for my bad english (yeah I'm french...)
Yep, that was an advantage point, and not able to make full profit out of it. That was indeed a Long Term Set Up. But this is Forex and all we need to do is wait for another perfect set up.
  • #55,585
  • Sep 20, 2012 10:19am Sep 20, 2012 10:19am
Quoting PipTrapper
Thanks Rekon. Did you get in the action today?
Am on Buy from 1.2920 .. waiting for my XXL
  • #55,586
  • Sep 20, 2012 10:24am Sep 20, 2012 10:24am
Quoting PipTrapper
The are offers at 1.2980/90 area. That is where I would probably add another short.

It makes sense too because it is yesterday's swing low.
Let's see where London close, perhaps NY will take it to 1.2980? I don't think Asian will take it any higher than London close considering the situations there. But who knows if there's big order waiting at 1.2980.
  • #55,587
  • Sep 20, 2012 10:35am Sep 20, 2012 10:35am
Quoting Ken A
Let's see where London close, perhaps NY will take it to 1.2980? I don't think Asian will take it any higher than London close considering the situations there. But who knows if there's big order waiting at 1.2980.
Or if Asia decides to take this opportunity to dump some USD at a good price.

Once the CBs start screwing with the market, nothing works the way it should.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,588
  • Sep 20, 2012 10:36am Sep 20, 2012 10:36am
Quoting rekon67
Am on Buy from 1.2920 .. waiting for my XXL
Excellent. I considered it, but it's too slow for me.
Those who say it cannot be done should not interrupt those who are doing it
  • #55,589
  • Sep 20, 2012 10:39am Sep 20, 2012 10:39am
[quote=PipTrapper;6029258]My butt is sticking to my chair and I want to walk around a bit without giving pips back to the market

Seriously, here are the reasons

1. Bullish divergence on M5 & M15
2. Already a 130 pip range for the day
3. Philly Fed Index was much better than expected so the bears have cooled off.


Thank you....I hadn't considered looking at the daily range as a factor..that is good to consider...(wish I had..missed my TP by 8 pips). Appreciate the answer, all your work here and congrats on a good trade!
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #55,590
  • Sep 20, 2012 10:40am Sep 20, 2012 10:40am
I must admit you guys are good to be able to catch every turns. I will learn from you all.
  • #55,591
  • Sep 20, 2012 10:43am Sep 20, 2012 10:43am
Quoting PipTrapper
Excellent. I considered it, but it's too slow for me.
Yep perfect Technical Set Up but not the Perfect Time. How this Market sentiment for all the countries changes so dynamically and overnight!
  • #55,592
  • Sep 20, 2012 10:46am Sep 20, 2012 10:46am
Quoting rekon67
Yep perfect Technical Set Up but not the Perfect Time. How this Market sentiment for all the countries changes so dynamically and overnight!
I have prepared myself for a whole long month to get some good cash on E/U sell. I got the point but was so confused about the Market sentiment. It is really hard.
  • #55,593
  • Sep 20, 2012 10:50am Sep 20, 2012 10:50am
Quoting rekon67
I have prepared myself for a whole long month to get some good cash on E/U sell. I got the point but was so confused about the Market sentiment. It is really hard.
Listen to CNBC or Bloomberg. It helps a lot to know the markets.
  • #55,594
  • Sep 20, 2012 10:55am Sep 20, 2012 10:55am
Quoting rekon67
I have prepared myself for a whole long month to get some good cash on E/U sell. I got the point but was so confused about the Market sentiment. It is really hard.
I'm waiting for the stoch downward cross on the weekly - think there may be a bit more dollar weakness before a definitive end to the EURUSD madness. Have taken some heavy shorts on EURTRY today and yesterday though, and plan to ride them down, scaling-in, for at least 1200 green ones. Very healthy turnaround from a very overbought position, and on better volume than the recent bull-run (as expected).
TRADE FOR SWAP
  • #55,595
  • Sep 20, 2012 10:58am Sep 20, 2012 10:58am
Quoting Ken A
Listen to CNBC or Bloomberg. It helps a lot to know the markets.
Good advice

All I have is one Laptop and pocket Internet. Relocated from my home more than two years and changed 5 companies in that period. So basically do not have a perfect set up till now but it is ok as I think I get enough knowledge from here only.

All I need is some more patience.
  • #55,596
  • Sep 20, 2012 11:00am Sep 20, 2012 11:00am
Quoting cgldsmth
I'm waiting for the stoch downward cross on the weekly - think there may be a bit more dollar weakness before a definitive end to the EURUSD madness. Have taken some heavy shorts on EURTRY today and yesterday though, and plan to ride them down, scaling-in, for at least 1200 green ones. Very healthy turnaround from a very overbought position, and on better volume than the recent bull-run (as expected).
Yep, agree totally
  • #55,597
  • Sep 20, 2012 11:01am Sep 20, 2012 11:01am
Quoting Ken A
Listen to CNBC or Bloomberg. It helps a lot to know the markets.
I have CNBC on all day. I am on a first name basis with all the anchors and most of their guests
Those who say it cannot be done should not interrupt those who are doing it
  • #55,598
  • Sep 20, 2012 11:04am Sep 20, 2012 11:04am
sp breaking 1450 again and gold near 1770 this should have carry eur/usd higher
  • #55,599
  • Sep 20, 2012 11:04am Sep 20, 2012 11:04am
Quoting cgldsmth
I'm waiting for the stoch downward cross on the weekly - think there may be a bit more dollar weakness before a definitive end to the EURUSD madness. Have taken some heavy shorts on EURTRY today and yesterday though, and plan to ride them down, scaling-in, for at least 1200 green ones. Very healthy turnaround from a very overbought position, and on better volume than the recent bull-run (as expected).
I was stopped out by trailing for about 100 pips for EUR/TRY. If I closed manually perhaps 200 or 300 pips.

Edit: Sorry, wrong capture. For EUR/TRY I think it was over 200 pips stopped out with trailing.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 5 KB
  • #55,600
  • Sep 20, 2012 11:05am Sep 20, 2012 11:05am
Quoting PipTrapper
I have CNBC on all day. I am on a first name basis with all the anchors and most of their guests
but have you seen Maria Bartiromo naked?
TRADE FOR SWAP
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