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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #60,521
  • Nov 9, 2012 10:56am Nov 9, 2012 10:56am
Quoting RodMca
Well for my sake on gold I hope Obama gets up says hello and all hell breaks loose.. It's happened before but who knows it's been a slow day since we hit 1.27
I miss the days when Bush used to speak. It was the best time to short GBP/JPY
Those who say it cannot be done should not interrupt those who are doing it
  • #60,522
  • Nov 9, 2012 11:21am Nov 9, 2012 11:21am
Quoting redteamgo
A bad GDP number could just destroy this retrace. lets go recession!
covered my e-mini late. let a good profit fall to half before finally walking
covered euros at 2715.

a good week, covering at the right time is an art i have not mastered yet. take care all
Any prices quoted are futures
  • #60,523
  • Nov 9, 2012 11:56am Nov 9, 2012 11:56am
Quoting PipTrapper
I miss the days when Bush used to speak. It was the best time to short GBP/JPY
I wasn't in the game back then I was but a wee rebel without a cause! But I remember in 09-10 there was a few times when Obama stood up and looked at the press next thing equities sell off, same for bernanke then they brought in QE and that all changed!
  • #60,524
  • Nov 9, 2012 12:28pm Nov 9, 2012 12:28pm
Quoting RodMca
I wasn't in the game back then I was but a wee rebel without a cause! But I remember in 09-10 there was a few times when Obama stood up and looked at the press next thing equities sell off, same for bernanke then they brought in QE and that all changed!
and down go the markets. I guess Obama is short the Euro also
Those who say it cannot be done should not interrupt those who are doing it
  • #60,525
  • Nov 9, 2012 12:43pm Nov 9, 2012 12:43pm
Quoting PipTrapper
and down go the markets. I guess Obama is short the Euro also
I guess they wanted to hear of further stimulus and less about Obama's contractionary fiscal policy, I for one would not like to be in his shoes. The end is near PT



Oh look Gold is down gimme below 1720
  • #60,526
  • Nov 9, 2012 1:18pm Nov 9, 2012 1:18pm
Quoting RodMca
I guess they wanted to hear of further stimulus and less about Obama's contractionary fiscal policy, I for one would not like to be in his shoes. The end is near PT



Oh look Gold is down gimme below 1720
Just look at the SP500 chart I have posted below and you can clearly see a big bubble.

SP500 Daily:
http://www.executivecoach.be/attachm...age/bubble.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #60,527
  • Nov 9, 2012 1:54pm Nov 9, 2012 1:54pm
Quoting PipTrapper
Just look at the SP500 chart I have posted below and you can clearly see a big bubble.

SP500 Daily:
http://www.executivecoach.be/attachm...age/bubble.jpg

Would't that be bullish for gold?
  • #60,528
  • Nov 9, 2012 2:02pm Nov 9, 2012 2:02pm
Quoting Covux
Would't that be bullish for gold?
Nooo. A bearish USD in recessionary times is bullish for gold.
Those who say it cannot be done should not interrupt those who are doing it
  • #60,529
  • Nov 9, 2012 2:43pm Nov 9, 2012 2:43pm
Quoting PipTrapper
Nooo. A bearish USD in recessionary times is bullish for gold.
Yes that is what i meant i think i used the wrong word.

'Should that be bullish for gold?'
  • #60,530
  • Nov 9, 2012 2:46pm Nov 9, 2012 2:46pm
[quote=PipTrapper;6182387]Just look at the SP500 chart I have posted below and you can clearly see a big bubble.

PT, I have to confess...I've been watching your forum for awhile and never contribute. But I must say, you have been the most accurate on analysis and technical trading in comparison to all other forums I follow. I am grateful for your time and efforts in keeping those that know you exist updated and its all voluntary time on your part.

Your a total stud! Much appreciated!

That being said, I went short SP Monday when it was riding the possible Mitt high. I figured either I would be stoked Mitt wins and I lose my short or I am bummed he lost but profit from his loss. Either way, I win this week.

SP is indeed a bubble, thanks to Bernanke's printing press.
  • #60,531
  • Nov 9, 2012 3:33pm Nov 9, 2012 3:33pm
Quoting chodd22
PT, I have to confess...I've been watching your forum for awhile and never contribute. But I must say, you have been the most accurate on analysis and technical trading in comparison to all other forums I follow. I am grateful for your time and efforts in keeping those that know you exist updated and its all voluntary time on your part.

Your a total stud! Much appreciated!

That being said, I went short SP Monday when it was riding the possible Mitt high. I figured either I would be stoked Mitt wins and I lose my short or I am bummed he...
Cheers Chodd. Check your PM.
Those who say it cannot be done should not interrupt those who are doing it
  • #60,532
  • Nov 9, 2012 3:44pm Nov 9, 2012 3:44pm
here is a little view of daily tf their is no such thing as perfect in trading

click on chart for larger view
Attached Image (click to enlarge)
Click to Enlarge Name: mov.png Size: 48 KB
Learning Requires Failure
  • #60,533
  • Nov 9, 2012 3:46pm Nov 9, 2012 3:46pm
here is another view why i think today's lows can be a turning point in euro$

click on the chart for larger view
Attached Image (click to enlarge)
Click to Enlarge Name: mov1.png Size: 51 KB
Learning Requires Failure
  • #60,534
  • Nov 9, 2012 3:47pm Nov 9, 2012 3:47pm
here is the USDOLLAR chart which supp the euro$ bullish scenario with USDOLLAR bearish scenario in coming days

i believe USDOLLAR will fall in coming days very fast , i see capping around 9990

click on the chart for larger view
Attached Image (click to enlarge)
Click to Enlarge Name: move 3.png Size: 45 KB
Learning Requires Failure
  • #60,535
  • Nov 9, 2012 3:50pm Nov 9, 2012 3:50pm
Quoting tirmizi
here is the USDOLLAR chart which supp the euro$ bullish scenario with USDOLLAR bearish scenario in coming days

i believe USDOLLAR will fall in coming days very fast , i see capping around 9990

click on the chart for larger view
So you buy or sell EURO?
  • #60,536
  • Nov 9, 2012 3:52pm Nov 9, 2012 3:52pm
Quoting Ken A
So you buy or sell EURO?
i was stopped out at 2730

re entered at 2710 and 2695 if goes lower i will add to more longs with 1:1 leverage every long

i see another possibility to long around 2670ish zone for targets above 3400
Learning Requires Failure
  • #60,537
  • Nov 9, 2012 3:54pm Nov 9, 2012 3:54pm
happy week end to you all folks
Learning Requires Failure
  • #60,538
  • Nov 9, 2012 3:56pm Nov 9, 2012 3:56pm
Quoting tirmizi
i was stopped out at 2730

re entered at 2710 and 2695 if goes lower i will add to more longs with 1:1 leverage every long

i see another possibility to long around 2670ish zone for targets above 3400
I see more Dollar bullish and from what I have seen today, next week we could see 1.257xx.
  • #60,539
  • Nov 9, 2012 3:56pm Nov 9, 2012 3:56pm
Quoting tirmizi
here is the USDOLLAR chart which supp the euro$ bullish scenario with USDOLLAR bearish scenario in coming days

i believe USDOLLAR will fall in coming days very fast , i see capping around 9990

click on the chart for larger view
The EU just popped thru the 50 ma on wkly and the 200 ma on D1 though...thoughts?
  • #60,540
  • Nov 9, 2012 4:09pm Nov 9, 2012 4:09pm
Hi PT, thanks for sharing your experience with us on this forum, i currently have a real account in MB Trading, and i am thinking of either moving my account or opening a new account in FXCM, so i need advice on your side. Which platform is the best, Meta Trader 4 or Trading Station? I basically do some scalping, 3 to 6 transactions per day, and keep open a couple for a few days when i see the potential of a good trend.

Thanks in advance and good weekend to all,
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