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EurAnalysis Kindergarten 24 replies

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  • #60,221
  • Nov 7, 2012 6:46am Nov 7, 2012 6:46am
Quoting PipTrapper
I take it you didn't read my morning update then. Sorry for your SL buddy. That's why I don't use them.
Didn't have time I'll know next time to read it just gotta regroup and look for a good opportunity to get back on the saddle.. As of now I expect a little consolidation and slightly to the upside, not immediately but perhaps through Asia for my sake I hope 1.2750 holds and we hit 1.28 I'll double up on position size gotta love martingales
  • #60,222
  • Nov 7, 2012 6:47am Nov 7, 2012 6:47am
Quoting RodMca
Fuck fuck fuckity fuck sl hit at 1.2883 come home from college and see red everywhere look at my trades and none there
you should change your broker. 1.2883 was never hit. I know cause i had a TP at 1.2880 and it was never hit so i managed to close at 1.2870 manually
  • #60,223
  • Nov 7, 2012 6:47am Nov 7, 2012 6:47am
Quoting PipTrapper
I take it you didn't read my morning update then. Sorry for your SL buddy. That's why I don't use them.
Man.. i don't use SL either, prefer to cut losses manually )))
  • #60,224
  • Nov 7, 2012 6:48am Nov 7, 2012 6:48am
Quoting RodMca
sl hit at 1.2883 come home from college and see red everywhere look at my trades and none there
don't worry young man.. just wait for another opportunity..
Patience +good MM will give you an edge in this never ending game..
  • #60,225
  • Nov 7, 2012 6:49am Nov 7, 2012 6:49am
Quoting PipTrapper

Thanks Draghi.. Please keep up the dovish tone and be sure to cut the rate on Thursday.

yeah, rate cut very likely tomorrow given the surprisingly weak data. Seriously, i didn't expect it to be that bad (today for example).

I don't know what can be the possible hold up...slash it to 0 and get the growth U.S. is getting
  • #60,226
  • Nov 7, 2012 6:51am Nov 7, 2012 6:51am
EUR/JPY target 101.08
  • #60,227
  • Nov 7, 2012 6:53am Nov 7, 2012 6:53am
Quoting lumesh
you should change your broker. 1.2883 was never hit. I know cause i had a TP at 1.2880 and it was never hit so i managed to close at 1.2870 manually
Agree. I have made similar expirience with nano4x some year ago. They hunted stops as hell and they were able to argue that they did not. Simply make the change and go to another broker. No other way. This would cause you headaches again and again.
  • #60,228
  • Nov 7, 2012 6:54am Nov 7, 2012 6:54am
Quoting RodMca
Fuck fuck fuckity fuck sl hit at 1.2883 come home from college and see red everywhere look at my trades and none there
It was never there. Mine highest was 1.2875 had to manually enter from pending 1.2880.
  • #60,229
  • Nov 7, 2012 6:59am Nov 7, 2012 6:59am
Historical Trivia: After Obama won in 2008, the EUR/USD, USD/JPY and S&P500 sold off for the next 10 sessions
Those who say it cannot be done should not interrupt those who are doing it
  • #60,230
  • Nov 7, 2012 7:01am Nov 7, 2012 7:01am
Quoting PipTrapper
Historical Trivia: After Obama won in 2008, the EUR/USD, USD/JPY and S&P500 sold off for the next 10 sessions
I am beginning to think EW count does make sense if history to repeat itself.
  • #60,231
  • Nov 7, 2012 7:02am Nov 7, 2012 7:02am
Quoting lumesh
you should change your broker. 1.2883 was never hit. I know cause i had a TP at 1.2880 and it was never hit so i managed to close at 1.2870 manually
That is true, the highest point i can see was 1.2878
  • #60,232
  • Nov 7, 2012 7:02am Nov 7, 2012 7:02am
Quoting PipTrapper
Historical Trivia: After Obama won in 2008, the EUR/USD, USD/JPY and S&P500 sold off for the next 10 sessions
you are comparing apples to oranges here.

Remember that AT THAT TIME we were in the midst of the worst panics out there. If Bernanke was elected as the president E/U would've still sold off.
  • #60,233
  • Nov 7, 2012 7:05am Nov 7, 2012 7:05am
Quoting lumesh
you are comparing apples to oranges here.

Remember that AT THAT TIME we were in the midst of the worst panics out there. If Bernanke was elected as the president E/U would've still sold off.
LOL I'm not comparing anything. I'm just pointing out history. However there is a similarity. No matter who got elected this time, the Euro still would have sold off... just like in 2008
Those who say it cannot be done should not interrupt those who are doing it
  • #60,234
  • Nov 7, 2012 7:11am Nov 7, 2012 7:11am
Quoting lumesh
you should change your broker. 1.2883 was never hit. I know cause i had a TP at 1.2880 and it was never hit so i managed to close at 1.2870 manually
I have as high as 1.28849 just under 1.2885

That is extremely weird I don't think that's happened before perhaps there was high volatility at that point?
  • #60,235
  • Nov 7, 2012 7:13am Nov 7, 2012 7:13am
Quoting PipTrapper
LOL I'm not comparing anything. I'm just pointing out history. However there is a similarity. No matter who got elected this time, the Euro still would have sold off... just like in 2008
that's one way to put it
  • #60,236
  • Nov 7, 2012 7:15am Nov 7, 2012 7:15am
Quoting RodMca
I have as high as 1.28849 just under 1.2885

That is extremely weird I don't think that's happened before perhaps there was high volatility at that point?

well, you can blame the spread then. Price never hit that level. If volatility really was high then perhaps your spread hit 10+ pips (assuming that you have variable spreads)
  • #60,237
  • Nov 7, 2012 7:18am Nov 7, 2012 7:18am
Quoting RodMca
I have as high as 1.28849 just under 1.2885

That is extremely weird I don't think that's happened before perhaps there was high volatility at that point?
Who's your broker Rod? PM me if you don't want to make it public.
Those who say it cannot be done should not interrupt those who are doing it
  • #60,238
  • Nov 7, 2012 7:19am Nov 7, 2012 7:19am
Quoting RodMca
I have as high as 1.28849 just under 1.2885

That is extremely weird I don't think that's happened before perhaps there was high volatility at that point?
Not really. This is from 30 mins.


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  • #60,239
  • Nov 7, 2012 7:21am Nov 7, 2012 7:21am
Look at that... Perfect pullback to test broken neckline as support and then off to the moon...

USDX Daily:
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Those who say it cannot be done should not interrupt those who are doing it
  • #60,240
  • Edited 7:37am Nov 7, 2012 7:22am | Edited 7:37am
Quoting RodMca
Fuck fuck fuckity fuck sl hit at 1.2883 come home from college and see red everywhere look at my trades and none there
this is exactly why i don't mess with spot much anymore. these market making OTC brokers are STEALING from you. futures brokers don't have this spread nonsense. there is a bid/offer and thats it. you can trade major events without a sudden 20 tick spread increase that destroys profitability of what is otherwise a great trade. the only advantage of spot is the unbeatable liquidity and low capital requirements

Quoting PipTrapper
I don't see any significant retrace today and we may not even get one till we hit first target of 1.2658

Draghi just hammered the last nail in the "over 1.28" Euro by saying that the economic situation in Europe is not good and not expected to improve any time soon.

Thanks Draghi.. Please keep up the dovish tone and be sure to cut the rate on Thursday.
hope you got some nice posiutions in PT. i only have 1 but I am looking to add 1.. not sure where yet but I am thinking a hourly close below 2750 should be good enough.
Any prices quoted are futures
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