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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #59,561
  • Oct 31, 2012 3:31am Oct 31, 2012 3:31am
Quoting PipTrapper
Today may be a bit difficult to measure exhaustion because we're going to get 3 days of volume in one... not to mention month end flows.
Nothing move in a straight line as you said earlier.. there are always good CT opportunities available with tight stops that could turn into major exhaustion.. we are pausing infront of the figure as we speak.. bulls need to take-out 1.30 convincingly for another push up to higher grounds..
  • #59,562
  • Oct 31, 2012 3:41am Oct 31, 2012 3:41am
Quoting cdndollar
Nothing move in a straight line as you said earlier.. there are always good CT opportunities available with tight stops that could turn into major exhaustion.. we are pausing infront of the figure as we speak.. bulls need to take-out 1.30 convincingly for another push up to higher grounds..
True. 1.3010/20 should be the ceiling, but like I said earlier, today I don't expect the charts to behave. It's all about mayhem. Anyway, we'll see. I'll just sit on my hands until everything screams at me to jump in short.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,563
  • Oct 31, 2012 3:46am Oct 31, 2012 3:46am
PT is good.
  • #59,564
  • Oct 31, 2012 3:50am Oct 31, 2012 3:50am
Quoting PipTrapper
True. 1.3010/20 should be the ceiling, but like I said earlier, today I don't expect the charts to behave. It's all about mayhem. Anyway, we'll see. I'll just sit on my hands until everything screams at me to jump in short.
The catalyst here may be to tag dance between EURGBP & GBP.. both are up against good resist/supply zones here.. EURGBP need to push over .8070 & GBP hold at current levels for the mini Euro bull to probe higher.. a close below 1.30 this hour may be the bull trap bar..
  • #59,565
  • Oct 31, 2012 4:01am Oct 31, 2012 4:01am
Quoting cdndollar
.. a close below 1.30 this hour may be the bull trap bar..
Agreed, but don't forget NY. I think it starts with a face ripping rally, but then turn around later to make fresh lows. My strategy today is to try and gauge where that rally ends and I'm guessing somewhere around 1.3050/70 area. Of course it's only a guess coz that's the best I can do on a day like today.
Those who say it cannot be done should not interrupt those who are doing it
  • #59,566
  • Oct 31, 2012 4:08am Oct 31, 2012 4:08am
hi

as long as we dont have hourly close under 2955 then 3085 is min target

good luck!
Learning Requires Failure
  • #59,567
  • Oct 31, 2012 4:13am Oct 31, 2012 4:13am
Quoting tirmizi
hi

as long as we dont have hourly close under 2955 then 3085 is min target

good luck!
Agree with you but if R1 (1.3001) breaks
  • #59,568
  • Oct 31, 2012 4:17am Oct 31, 2012 4:17am
Quoting PipTrapper
Agreed, but don't forget NY. I think it starts with a face ripping rally, but then turn around later to make fresh lows. My strategy today is to try and gauge where that rally ends and I'm guessing somewhere around 1.3050/70 area. Of course it's only a guess coz that's the best I can do on a day like today.
the bolded part is pretty much the rule, not the exception. the only tricky part is picking the top. its been so thin that anything can happen
Any prices quoted are futures
  • #59,569
  • Oct 31, 2012 4:24am Oct 31, 2012 4:24am
Quoting PipTrapper
Agreed, but don't forget NY. I think it starts with a face ripping rally, but then turn around later to make fresh lows. My strategy today is to try and gauge where that rally ends and I'm guessing somewhere around 1.3050/70 area. Of course it's only a guess coz that's the best I can do on a day like today.
This area would be perfect area for a right shoulder on a H&S on the daily.
  • #59,570
  • Oct 31, 2012 4:26am Oct 31, 2012 4:26am
Sold Cable with 30 pip stop..
  • #59,571
  • Oct 31, 2012 4:29am Oct 31, 2012 4:29am
Quoting Gofer Pips
This area would be perfect area for a right shoulder on a H&S on the daily.
good observation, thanks.
Any prices quoted are futures
  • #59,572
  • Oct 31, 2012 4:34am Oct 31, 2012 4:34am
Quoting cdndollar
Sold Cable with 30 pip stop..
Sold euro 10 pip stop..
  • #59,573
  • Oct 31, 2012 4:34am Oct 31, 2012 4:34am
Quoting cdndollar
Sold Cable with 30 pip stop..

I'd support that idea
  • #59,574
  • Oct 31, 2012 4:35am Oct 31, 2012 4:35am
HAHA check this out

Inserted Video
Any prices quoted are futures
  • #59,575
  • Oct 31, 2012 4:36am Oct 31, 2012 4:36am
Quoting cdndollar
Sold euro 10 pip stop..
its consolidating for the next move up, beware
Any prices quoted are futures
  • #59,576
  • Oct 31, 2012 4:37am Oct 31, 2012 4:37am
Quoting redteamgo
HAHA check this out

http://www.youtube.com/watch?v=bKDNW...e_gdata_player
Those who say it cannot be done should not interrupt those who are doing it
  • #59,577
  • Oct 31, 2012 4:38am Oct 31, 2012 4:38am
Quoting redteamgo
its consolidating for the next move up, beware
Thanks.. only risking 10 pips..
still playing with left over house money from Monday..
  • #59,578
  • Oct 31, 2012 4:44am Oct 31, 2012 4:44am
Quoting wiseambition
I'd support that idea
stop lower to 10 pips..
  • #59,579
  • Oct 31, 2012 4:52am Oct 31, 2012 4:52am
10 minutes to candle change In my opinion if we dont get a close above the 50% fib we're heading south and right at 1.30 mark we're over bought on the hourly a slight downturn possibly at 11 I expect it to really come back to reality i.e 1.2930 or around there
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  • #59,580
  • Oct 31, 2012 4:53am Oct 31, 2012 4:53am
Quoting cdndollar
stop lower to 10 pips..
stop @+1..
The eccentric old fella now painting a nice H1 pin bar..
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