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EurAnalysis Kindergarten 24 replies

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  • #59,181
  • Oct 24, 2012 9:47am Oct 24, 2012 9:47am
Quoting Likerty
No! Dount climb there - 2967 is a NO GO limit for you!:
http://www.youtube.com/watch?v=6utE5APd4wA
i'm pretty sure thats one of the signs of the apocalypse
  • #59,182
  • Oct 24, 2012 9:50am Oct 24, 2012 9:50am
Quoting lumesh
who cares, europe is behind them
I wonder - if Troika preparing report which practically would mean Grexit - some of the biggest speculators would know it already and probably we would see their actions in the capital flows isnt it?
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  • #59,183
  • Oct 24, 2012 10:08am Oct 24, 2012 10:08am
i have the euro going down to roughly 2860 based on a rising trendline (daily).

anybody have any other opinions ?

i ask because i currently hold a short position which may cloud my judgement.

thanks for any input
  • #59,184
  • Oct 24, 2012 10:27am Oct 24, 2012 10:27am
Quoting godrich
i have the euro going down to roughly 2860 based on a rising trendline (daily).

anybody have any other opinions ?

i ask because i currently hold a short position which may cloud my judgement.

thanks for any input
I have it going down to 2760, but I'm also short the Euro so my judgement may likewise be clouded.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,185
  • Oct 24, 2012 10:34am Oct 24, 2012 10:34am
Quoting godrich
i have the euro going down to roughly 2860 based on a rising trendline (daily).

anybody have any other opinions ?

i ask because i currently hold a short position which may cloud my judgement.

thanks for any input
Actually we bounced of that trendline today already.. I see 2885 as second intermediate stop (futher I see quite important levels every 20 pips till 2800)
H4 TL:
Attached Image (click to enlarge)
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  • #59,186
  • Oct 24, 2012 10:37am Oct 24, 2012 10:37am
Quoting PipTrapper
I have it going down to 2760, but I'm also short the Euro so my judgement may likewise be clouded.
2750 is the medium term target, yeah, and ultimately 2450 which is also the projection of this currently developing double top pattern. Attached is a daily chart


PS. as with always, longer term chart need the support from fundamentals...otherwise it's all just a visually designed theory.
Attached Image (click to enlarge)
Click to Enlarge Name: euro 1D.png Size: 29 KB
  • #59,187
  • Oct 24, 2012 10:43am Oct 24, 2012 10:43am
Now I've got 1.2840 from the first vertical count and 1.2890 from a horizontal one. The second vertical count yields 1.271.

Attached Image (click to enlarge)
Click to Enlarge Name: 1.PNG Size: 59 KB


Any thoughts would be appreciated.

Thanks.
  • #59,188
  • Oct 24, 2012 10:50am Oct 24, 2012 10:50am
thanks for the input everybody, good to get some other views besides just listening to the voices in my head

sorry che g, not too familiar with your chart style.

hopefully someone on here much wiser than myself, in other words everyone, will be able to give some feedback.
  • #59,189
  • Oct 24, 2012 11:16am Oct 24, 2012 11:16am
Quoting godrich
i have the euro going down to roughly 2860 based on a rising trendline (daily).

anybody have any other opinions ?

i ask because i currently hold a short position which may cloud my judgement.

thanks for any input
I agree with that, the only one before that worth mentioning is 1.2910 area where the trend line starting from the years low rises to (Two yellow trend lines)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-10-24 at 11.13.48 AM.png Size: 113 KB
Do what you are afraid to do -Emerson
  • #59,190
  • Oct 24, 2012 11:21am Oct 24, 2012 11:21am
Quoting CheG
Now I've got 1.2840 from the first vertical count and 1.2890 from a horizontal one. The second vertical count yields 1.271.

Attachment

Any thoughts would be appreciated.

Thanks.
Woah! What is that chart!? So awesome looking :nerd:
Do what you are afraid to do -Emerson
  • #59,191
  • Oct 24, 2012 11:40am Oct 24, 2012 11:40am
Quoting Pip_Warrior
Woah! What is that chart!? So awesome looking :nerd:
Awesome it is, indeed

It is called the Point and Figure chart.
  • #59,192
  • Oct 24, 2012 12:30pm Oct 24, 2012 12:30pm
DXY has been stuck in a range, I wonder if this upcoming FOMC statement will have enough weight to break it out (might be a little too much to ask )
Attached Image
  • #59,193
  • Oct 24, 2012 12:39pm Oct 24, 2012 12:39pm
Quoting neuron
DXY has been stuck in a range, I wonder if this upcoming FOMC statement will have enough weight to break it out (might be a little too much to ask )
Check Dow 15m chart...
  • #59,194
  • Oct 24, 2012 1:13pm Oct 24, 2012 1:13pm
Quoting tirmizi
i just want my number 6085 today or this number will expire
and i dont want euro$ to cross 2994
my upside target for cable is 6085 and 6094/95 should cap this move tight and euro$ 3005/06 and 3014/15 should cap it tight

i dont know the future just guessing with calculations

good luck all
Learning Requires Failure
  • #59,195
  • Oct 24, 2012 1:24pm Oct 24, 2012 1:24pm
times like these confuse me a little, so I'm curious to hear others point of view

USD is gaining strength*, and usually this results in weakening of EUR

however, the strength in USD also seems to indicate a movement towards more risk assets, so EUR could strengthen

how should one best weight each variable appropriately?


*edit, nevermind, too soon to tell how DXY will react
  • #59,196
  • Oct 24, 2012 1:31pm Oct 24, 2012 1:31pm
Quoting neuron
times like these confuse me a little, so I'm curious to hear others point of view

USD is gaining strength*, and usually this results in weakening of EUR

however, the strength in USD also seems to indicate a movement towards more risk assets, so EUR could strengthen

how should one best weight each variable appropriately?


*edit, nevermind, too soon to tell how DXY will react

You need to get the underlined correct. usd strength does not indicate a movement into risky assets. It could, but not in today's economic environment.
  • #59,197
  • Oct 24, 2012 1:33pm Oct 24, 2012 1:33pm
Quoting lumesh
You need to get the underlined correct. usd strength does not indicate a movement into risky assets.
okay thanks, i wasn't sure of that particular correlation, so would a move towards riskier assets stem mainly from a more global sentiment of improving economies
  • #59,198
  • Edited 2:06pm Oct 24, 2012 1:44pm | Edited 2:06pm
Why is E/U bullish suddenly? The Euro got hammered this morning and the FOMC statement seamed reasonably optimistic.

Anyone please?...
Do what you are afraid to do -Emerson
  • #59,199
  • Oct 24, 2012 2:24pm Oct 24, 2012 2:24pm
Quoting Pip_Warrior
Why is E/U bullish suddenly? The Euro got hammered this morning and the FOMC statement seamed reasonably optimistic.

Anyone please?...
don't chase every pip. The current movement between today's high and low are pretty much random because there's little to no incentive for traders to place a trade AT CURRENT PRICE. Plus it's day's end.

Incentives build when either the high or low (or the nearest trendline) is broken. See attached chart.

Right now, higher high is in place so those blue retangles become vulnerable. On the other hand when the up move fails to gain strength then the nearest trendline becomes important to constitute into a failed higher high movement.

Which way it'll play out ? I don't know. Noone knows AT THIS POINT. Even god doesn't. (And market makers desperately look for order clues).
Attached Image (click to enlarge)
Click to Enlarge Name: eurodull.png Size: 26 KB
  • #59,200
  • Oct 25, 2012 1:17am Oct 25, 2012 1:17am
Morning update will not be posted today as I will be travelling. Hope to be back before NY open.
Those who say it cannot be done should not interrupt those who are doing it
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