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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #57,321
  • Oct 2, 2012 10:16am Oct 2, 2012 10:16am
Quoting Ken A
Wait till the fat lady sings
she better sing south.
  • #57,322
  • Oct 2, 2012 10:18am Oct 2, 2012 10:18am
fxcode,
we are coming up on the London close, the daytraders will exit their longs.
If you want to get out and are short and price is not rocketing to new highs but only testing a prior high, well what you choose is up to you.
Most times with a final surge it is over for the near term.

But i have no way to know what your risk parameters are.

Just keep in mind that predator funds exploit short term price and feed on the retail trade. But 15 minute chart is a volatility trade not swing or position

add:The market has been fairly range bound so other then some unannounced backroom deal that only a few know about the range should hold today.
  • #57,323
  • Oct 2, 2012 10:22am Oct 2, 2012 10:22am
Quoting TRMZXT
she better sing south.
She has no southern accent so probably north east
  • #57,324
  • Oct 2, 2012 10:22am Oct 2, 2012 10:22am
Quoting Ken A
Wait till the fat lady sings

I think I hear Adele now.
  • #57,325
  • Oct 2, 2012 10:25am Oct 2, 2012 10:25am
Dow is dropping and the EUR is going north....... Dropped almost 100 points from its high.
  • #57,326
  • Oct 2, 2012 10:34am Oct 2, 2012 10:34am
thanks for the heads up...was actually trading off 15mins and as u said its volatile considering the low news circumstance of today..
so foto, if am right it means
1,look for your entries and exits on higher TF like 1hr
2, trade off lower TF.

AM I RIGHT?
Life is beautiful the way you dress it.
  • #57,327
  • Oct 2, 2012 10:37am Oct 2, 2012 10:37am
Quoting TRMZXT
I think I hear Adele now.
Looks like 1.2962 should be it for today or just spilled over from GBP.
  • #57,328
  • Oct 2, 2012 10:38am Oct 2, 2012 10:38am
Volume drying up...pump & dump..see u @ 2860...
Those that say do not know. Those that know do not say.
  • #57,329
  • Oct 2, 2012 10:41am Oct 2, 2012 10:41am
Quoting ohenry
Volume drying up...pump & dump..see u @ 2860...
I hope so. I freaking missed 22 pips I could have been higher. Oh wait I did add LOL
  • #57,330
  • Oct 2, 2012 10:43am Oct 2, 2012 10:43am
fxcode, all i can tell you is what i do. I look for major S/R on higher time frames, if and when price gets there, out come the short term charts to fine tune the entry. My stops are based upon the higher time frame.
maybe am not the worst scalper but that is not what is traded by me.

There are some fine scalpers on this thread if that is your game.
my brain works too slowly and doesn't function well on the small T.F's
  • #57,331
  • Oct 2, 2012 10:43am Oct 2, 2012 10:43am
200 % extension of the H1 downchannel offered brutal rejection so far:
Attached Image (click to enlarge)
Click to Enlarge Name: brutal rejection.jpg Size: 125 KB
69
  • #57,332
  • Oct 2, 2012 10:44am Oct 2, 2012 10:44am
Quoting ohenry
Volume drying up...pump & dump..see u @ 2860...
with the Dow crashing and everything else sucking I thought SURELY this will make a nice move down after hitting previous high and a little extra pump. You think it is south from here?
  • #57,333
  • Oct 2, 2012 10:47am Oct 2, 2012 10:47am
Quoting TRMZXT
with the Dow crashing and everything else sucking I thought SURELY this will make a nice move down after hitting previous high and a little extra pump. You think it is south from here?
keep the faith... EUR rally cools as Rajoy says bailout request not imminent
Those who say it cannot be done should not interrupt those who are doing it
  • #57,334
  • Oct 2, 2012 10:49am Oct 2, 2012 10:49am
Quoting TRMZXT
with the Dow crashing and everything else sucking I thought SURELY this will make a nice move down after hitting previous high and a little extra pump. You think it is south from here?
It never a sure thing. The last move up could be just to fill order. 1.2962 is previous strong resistance.
  • #57,335
  • Oct 2, 2012 10:49am Oct 2, 2012 10:49am
Let’s Assume Spain Asks For EU Aid Tomorrow

By Jamie Coleman || October 1, 2012 at 16:04 GMT

They won’t, but play along with me.

The assumption is that the euro would rally because peripheral spreads would narrow on buying by the ECB.

Would the rally be of the knee-jerk, reflex- variety or one with some legs?
Id anticipate the rally to be short-lived. Most rescue-rallies in the euro area are.

Why?

Because there is always someone left to rescue. After Spain it will be Italy, after Italy it will be France. Soon there will be as many countries receiving bailouts as there are countries financing the bailouts….

Only Greece has seen a debt restructuring as a result of its bailout program, so to my mind, there are only two outcomes. Failures of the bailout programs to solve the problem, or a true fiscal union in which all euro area countries share the debt of the others.

At present, Europe is not close to doing what is needed. It is unwilling to either bite the bullet and restructure or to swallow the debts of others. Until they do, it’s all “extend and pretend.”
Those who say it cannot be done should not interrupt those who are doing it
  • #57,336
  • Oct 2, 2012 10:50am Oct 2, 2012 10:50am
H1 200 CCI overbought zone, 1.2966 is the High and now lets have a ride down added 2nd Short @ 1.2960.
  • #57,337
  • Oct 2, 2012 10:50am Oct 2, 2012 10:50am
Quoting TRMZXT
with the Dow crashing and everything else sucking I thought SURELY this will make a nice move down after hitting previous high and a little extra pump. You think it is south from here?
Well my position cancellation point is @ 2970...so I think yes she has had her tantrum & south side here we come..probably a slow grind down thru the Asian session or maybe a quick reversal for the day? Better then I can get some sleep... TWT
Those that say do not know. Those that know do not say.
  • #57,338
  • Oct 2, 2012 10:52am Oct 2, 2012 10:52am
Quoting Ken A
It never a sure thing. The last move up could be just to fill order. 1.2962 is previous strong resistance.
yeah... but it still screams long confidence.
  • #57,339
  • Oct 2, 2012 10:52am Oct 2, 2012 10:52am
for the first time in weeks i'm trading eu
shorted at 1.29412 tp 1.2860
let's see if this will be profitable or a mistake...
sl will be manually
Wooooohooooo or Boooooohooooo
  • #57,340
  • Oct 2, 2012 10:53am Oct 2, 2012 10:53am
Quoting gnomoneey
for the first time in weeks i'm trading eu
shorted at 1.29412 tp 1.2860
let's see if this will be profitable or a mistake...
sl will be manually
Hope is not a strategy...
Those that say do not know. Those that know do not say.
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