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EurAnalysis Kindergarten 24 replies

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  • #60,381
  • Nov 8, 2012 11:25am Nov 8, 2012 11:25am
Quoting Ken A
Next support is 1.265xx. If PA goes to pick up bid there it might bounce or go lower because not expecting any good news from Euro Zone.

Or perhaps Draghi has realized strong EURO is not good for the countries hence the dovish statement.
the euro doesnt need news to go higher i dont know where that peak will be but it seems clear to me that it has found short term support around 2720
Any prices quoted are futures
  • #60,382
  • Nov 8, 2012 11:28am Nov 8, 2012 11:28am
Quoting redteamgo
the euro doesnt need news to go higher i dont know where that peak will be but it seems clear to me that it has found short term support around 2720
exactly... All it needs is a lack of bad news, but that's only for a corrective move up on profit taking. Regardless, I'm still aiming for a short term target of 1.2658... Then after a correction (possibly to 1.2800 again), all the way down to 1.20xx
Those who say it cannot be done should not interrupt those who are doing it
  • #60,383
  • Nov 8, 2012 11:39am Nov 8, 2012 11:39am
Quoting PipTrapper
All it will take is a faster decline in the AUD than in the EUR and I see that as a very real probability. Don't ask me when it starts though. However, I would be inclined to start building EUR/AUD long positions on a reversal confirmation with a long term target of 1.39/1.40
I am watching AUD closely. I don't mind the negative swap with target 1.39/1.40
  • #60,384
  • Nov 8, 2012 11:43am Nov 8, 2012 11:43am
Quoting redteamgo
the euro doesnt need news to go higher i dont know where that peak will be but it seems clear to me that it has found short term support around 2720
I still think big buyers are around 1.265xx then final push up before another big drop. 100-200 pips move for E/U is quite normal
  • #60,385
  • Nov 8, 2012 11:43am Nov 8, 2012 11:43am
Quoting Ken A
I am watching AUD closely. I don't mind the negative swap with target 1.39/1.40
but, really? weekly tells me that 1.21 breaks and 1.15 beckons. as always, see signature

sorry PT for the trade lines, don't know how to remove them.
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  • #60,386
  • Nov 8, 2012 11:47am Nov 8, 2012 11:47am
EA cracking now
next support 2060 easy money
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  • #60,387
  • Nov 8, 2012 11:47am Nov 8, 2012 11:47am
EUR/AUD 1.40 would take another 2008 Financial Crisis. Otherwise, it is probably smarter to play the weekly support/resistance.

Next target for E/A is 1.17 for me. At that time I will look to go long until 1.27. Then down again to 1.17. Unless something changes that is how I am going to play this.

Same thing with GBP/AUD: It has been in a 1,500 pip range for exactly 2 years now. Play the support and resistance.
Attached Image(s) (click to enlarge)
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  • #60,388
  • Nov 8, 2012 11:52am Nov 8, 2012 11:52am
guess we'll see in a few hours, but today's .eu daily candle looks like it will be the first one that is completely beneath the 200 DMA. it looks like a very, very looooooong fall from there
  • #60,389
  • Nov 8, 2012 11:53am Nov 8, 2012 11:53am
Quoting cgldsmth
but, really? weekly tells me that 1.21 breaks and 1.15 beckons. as always, see signature

sorry PT for the trade lines, don't know how to remove them.
I also see more down move before any real retrace because AUD just won't go down.
  • #60,390
  • Nov 8, 2012 11:59am Nov 8, 2012 11:59am
Quoting Ken A
I also see more down move before any real retrace because AUD just won't go down.
EA moving down now ladies and gentleman.

money goes where the country will do something with it, and that's not europe
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  • #60,391
  • Nov 8, 2012 12:03pm Nov 8, 2012 12:03pm
Quoting 100PipsADay
EUR/AUD 1.40 would take another 2008 Financial Crisis. Otherwise, it is probably smarter to play the weekly support/resistance.

Next target for E/A is 1.17 for me. At that time I will look to go long until 1.27. Then down again to 1.17. Unless something changes that is how I am going to play this.

Same thing with GBP/AUD: It has been in a 1,500 pip range for exactly 2 years now. Play the support and resistance.
I lost once on GBP/AUD as the correlation is beyond my understanding. I stay away from this pair now LOL.
  • #60,392
  • Nov 8, 2012 12:04pm Nov 8, 2012 12:04pm
Quoting cgldsmth
but, really? weekly tells me that 1.21 breaks and 1.15 beckons. as always, see signature

sorry PT for the trade lines, don't know how to remove them.
Yes I would say that a break below 1.20 would seriously delay my outlook, but not negate it. Below 1.15 would definitely negate it but then I would be a millionaire on my E/U shorts so I won't really give a hoot.

As for your trade lines...
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #60,393
  • Nov 8, 2012 12:04pm Nov 8, 2012 12:04pm
Quoting 100PipsADay
EUR/AUD 1.40 would take another 2008 Financial Crisis. Otherwise, it is probably smarter to play the weekly support/resistance.

Next target for E/A is 1.17 for me. At that time I will look to go long until 1.27. Then down again to 1.17. Unless something changes that is how I am going to play this.

Same thing with GBP/AUD: It has been in a 1,500 pip range for exactly 2 years now. Play the support and resistance.
Nice View..
let's see for the next move..
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  • #60,394
  • Nov 8, 2012 12:05pm Nov 8, 2012 12:05pm
EUR/JPY is moving to 101.1
  • #60,395
  • Nov 8, 2012 12:06pm Nov 8, 2012 12:06pm
Quoting PipTrapper
Yes I would say that a break below 1.20 would seriously delay my outlook, but not negate it. Below 1.15 would definitely negate it but then I would be a millionaire on my E/U shorts so I won't really give a hoot.

As for your trade lines...
Attachment
great, I have been educated! ty PT
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  • #60,396
  • Nov 8, 2012 12:07pm Nov 8, 2012 12:07pm
Quoting Ken A
I lost once on GBP/AUD as the correlation is beyond my understanding. I stay away from this pair now LOL.
It's pretty similar to EUR/AUD when it comes to the weekly trends. But doesn't move down quite as fast as E/A does...
  • #60,397
  • Nov 8, 2012 12:07pm Nov 8, 2012 12:07pm
Quoting Ken A
I also see more down move before any real retrace because AUD just won't go down.
I remember when you said "The U/CAD just won't go up"
Those who say it cannot be done should not interrupt those who are doing it
  • #60,398
  • Nov 8, 2012 12:08pm Nov 8, 2012 12:08pm
Quoting Ken A
EUR/JPY is moving to 101.1
That's it? I'm thinking 94.00...
  • #60,399
  • Nov 8, 2012 12:09pm Nov 8, 2012 12:09pm
taken some more EA, can't resist the retest of breakout
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  • #60,400
  • Nov 8, 2012 12:12pm Nov 8, 2012 12:12pm
Quoting 100PipsADay
It's pretty similar to EUR/AUD when it comes to the weekly trends. But doesn't move down quite as fast as E/A does...
I once thought I figured it out and smart enough with open positions AUD/USD, EUR/USD, EUR/AUD, GBP/USD and GBP/AUD. Got burnt by GBP/AUD and now I got British phobia.
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