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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #61,021
  • Nov 19, 2012 10:07am Nov 19, 2012 10:07am
Quoting builder
Whats moving market in this hour? Everything against usd is climbing higher....
Risk-on sentiment for a few "false hope" reasons

1. Obama and Boehner did the square dance and caused some short covering.
2. Greece "may" get €44 billion very soon (As if that would make any difference... it's already spent)... also caused short covering
3. US Housing Market Index higher than expected and caused some further short covering.
4. Baby bear pooped his diapers.
5. Papa bear wanted a better price to short from so he got Mama bear to squeezed baby bear out of his diapers.

Note that no bulls participated in this move.



Oh yeah... have you see the Obamas and the Boehners square dancing yet?

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #61,022
  • Nov 19, 2012 10:30am Nov 19, 2012 10:30am
Quoting PipTrapper
Risk-on sentiment for a few "false hope" reasons

1. Obama and Boehner did the square dance and caused some short covering.
2. Greece "may" get €44 billion very soon (As if that would make any difference... it's already spent)... also caused short covering
3. US Housing Market Index higher than expected and caused some further short covering.
4. Baby bear pooped his diapers.
5. Papa bear wanted a better price to short from so he got Mama bear to squeezed baby bear out of his diapers.

Note that no bulls participated in this move.



Oh...

its one of those days when market seems so counterintuitive its almost painful.
  • #61,023
  • Nov 19, 2012 10:44am Nov 19, 2012 10:44am
Quoting Kilgore T
its one of those days when market seems so counterintuitive its almost painful.
Yep.. What makes it even more painful is that it's been that way since July
Those who say it cannot be done should not interrupt those who are doing it
  • #61,024
  • Nov 19, 2012 10:55am Nov 19, 2012 10:55am
Quoting PipTrapper
Yep.. What makes it even more painful is that it's been that way since July
Did look like buying the dips was the way to go and I got a long on Eur Yen from the 103.60 level and TP 10388. Have just gotten short with sl at 104.05 looking to 103.60 but will be watching PA ;-)

Green pips to all :-D
@pawpaw1000 on Twitter
  • #61,025
  • Nov 19, 2012 11:00am Nov 19, 2012 11:00am
Quoting PipTrapper
Yep.. What makes it even more painful is that it's been that way since July
yeah, sort of... Although imo the giant fed driven short squeeze was hardly a surprise, the market was begging for it with all the euro doomandgloomers neatly lined up for execution. But ever since that's happened its pretty much chaos and weirdness. I presume many got wiped out and algos had to adjust to the new layout. Or so my systems tell me by losing most efficiency around end of july
  • #61,026
  • Nov 19, 2012 11:08am Nov 19, 2012 11:08am
Quoting pawpaw1000
Did look like buying the dips was the way to go and I got a long on Eur Yen from the 103.60 level and TP 10388. Have just gotten short with sl at 104.05 looking to 103.60 but will be watching PA ;-)

Green pips to all :-D
Watch 104.49. If this one break it's to the moon along with USD/JPY.
  • #61,027
  • Nov 19, 2012 11:10am Nov 19, 2012 11:10am
if (things goes well)
{
Resistance = 1.2820;
Sales are good;
}
{
fked up floating up for tomorrow;
}
  • #61,028
  • Nov 19, 2012 11:21am Nov 19, 2012 11:21am
Quoting rekon67
if (things goes well)
{
Resistance = 1.2820;
Sales are good;
}
{
fked up floating up for tomorrow;
}
if(Sell at 1.2820)
{
Move price up to 1.2880
}
else
{
Move price down to 1.1800
}


Muhahahahahahaha

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #61,029
  • Nov 19, 2012 11:28am Nov 19, 2012 11:28am
Quoting Ken A
Watch 104.49. If this one break it's to the moon along with USD/JPY.
Yeah, really close to my SL twice already and to make things worse, I worked out my risk in Dollars forgetting it should be in Euros. So in stead of risking 1.2% I'm risking almost 2%. MMM, silly boy. Still think this should work out, this is the last push in my books before dropping on M15. But we are levitating quite hard here :-D Fibre also normally spikes at London close and then retraces. Bit disappointed.
@pawpaw1000 on Twitter
  • #61,030
  • Nov 19, 2012 11:31am Nov 19, 2012 11:31am
Quoting pawpaw1000
Yeah, really close to my SL twice already and to make things worse, I worked out my risk in Dollars forgetting it should be in Euros. So in stead of risking 1.2% I'm risking almost 2%. MMM, silly boy. Still think this should work out, this is the last push in my books before dropping on M15. But we are levitating quite hard here :-D Fibre also normally spikes at London close and then retraces. Bit disappointed.
This is more about Yen weakness than fiber strength. EUR/JPY is in bullish mode and I don't see that changing soon.
Those who say it cannot be done should not interrupt those who are doing it
  • #61,031
  • Nov 19, 2012 11:32am Nov 19, 2012 11:32am
NY has gone to lunch and has left my trade hanging! Merde...
@pawpaw1000 on Twitter
  • #61,032
  • Nov 19, 2012 11:35am Nov 19, 2012 11:35am
Quoting PipTrapper
This is more about Yen weakness than fiber strength. EUR/JPY is in bullish mode and I don't see that changing soon.
Agree, but I have strong resistace at 104.00- 104.10 and don't see us breaking that after London close and with this light volume. Also trade using the daily motion of the market meaning that normally we get a nice spike at London close and then we retrace during NY and Asia.

I can't see us breaking 104.10 now but I am a bit scared looking at my chart edging higher one pip per hour!
@pawpaw1000 on Twitter
  • #61,033
  • Nov 19, 2012 11:37am Nov 19, 2012 11:37am
Quoting pawpaw1000
Agree, but I have strong resistace at 104.00- 104.10 and don't see us breaking that after London close and with this light volume. Also trade using the daily motion of the market meaning that normally we get a nice spike at London close and then we retrace during NY and Asia.

I can't see us breaking 104.10 now but I am a bit scared looking at my chart edging higher one pip per hour!
Here you go...
Attached Image (click to enlarge)
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@pawpaw1000 on Twitter
  • #61,034
  • Nov 19, 2012 11:39am Nov 19, 2012 11:39am
Quoting pawpaw1000
Here you go...
Better pic, sorry... This is the daily.

Like I said, i am also bearish on yen but that doesn't mean I won't short from strong resistance at certain time of day ;-)

SPX should also be done here at the 1380 level with sellers stepping in. It's all about time of day. The only thing that could bugger this trade now is NY coming back from lunch and smashing one more spike up before dropping...
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@pawpaw1000 on Twitter
  • #61,035
  • Nov 19, 2012 11:42am Nov 19, 2012 11:42am
Quoting pawpaw1000
Agree, but I have strong resistace at 104.00- 104.10 and don't see us breaking that after London close and with this light volume. Also trade using the daily motion of the market meaning that normally we get a nice spike at London close and then we retrace during NY and Asia.

I can't see us breaking 104.10 now but I am a bit scared looking at my chart edging higher one pip per hour!
EUR/JPY 104.49 is equivalent to USD/JPY 80.50 and look at where USD/JPY is at now. I have shorted @ 104.49 twice but I don't think it will hold this round because U/J has broken 80.50.

Also AUD/JPY has broken 83.50.
  • #61,036
  • Nov 19, 2012 11:47am Nov 19, 2012 11:47am
Quoting PipTrapper
if(Sell at 1.2820)
{
Move price up to 1.2880
}
else
{
Move price down to 1.1800
}


Muhahahahahahaha

http://www.youtube.com/watch?v=7edeOEuXdMU
Loading .................. Short Loading ............. hu hu hu
  • #61,037
  • Nov 19, 2012 12:01pm Nov 19, 2012 12:01pm
Quoting Ken A
EUR/JPY 104.49 is equivalent to USD/JPY 80.50 and look at where USD/JPY is at now. I have shorted @ 104.49 twice but I don't think it will hold this round because U/J has broken 80.50.

Also AUD/JPY has broken 83.50.
I'm at BE with EJ testing my 103.88 level ;-)
@pawpaw1000 on Twitter
  • #61,038
  • Nov 19, 2012 12:26pm Nov 19, 2012 12:26pm
Quoting builder
thanks guys for your healthy attitude, this time its for investing game that Admiral broker is making, so its more like just for fun. I usually dont use MT4 platform, I find it too complex for trading

aah, yeah, i know that competition. I participated one time too in the past. Nowadays, the competition is way more aggressive, most are EA's in action and the best are making around 1000% in a month. I wonder what the results are when live accounts are used


btw, what platform are you using if MT4 is too complicated ? I don't have this "complicated platform" issue. Whenever i find myself in trouble i go crying to PT
  • #61,039
  • Nov 19, 2012 12:37pm Nov 19, 2012 12:37pm
Quoting lumesh
aah, yeah, i know that competition. I participated one time too in the past. Nowadays, the competition is way more aggressive, most are EA's in action and the best are making around 1000% in a month. I wonder what the results are when live accounts are used


btw, what platform are you using if MT4 is too complicated ? I don't have this "complicated platform" issue. Whenever i find myself in trouble i go crying to PT
Yeah PT is strong shoulder to cry on... I am using Oanda charts, they are nice and easy, still I have a feeling that I am missing out on some good features. About those competitons, its more like a game of luck I agree, first place in the first day is 50% up on account, PT is happy with 20% pa I guess that tells us how are they doing in real accounts later...
  • #61,040
  • Nov 19, 2012 12:41pm Nov 19, 2012 12:41pm
Quoting lumesh
aah, yeah, i know that competition. I participated one time too in the past. Nowadays, the competition is way more aggressive, most are EA's in action and the best are making around 1000% in a month. I wonder what the results are when live accounts are used


btw, what platform are you using if MT4 is too complicated ? I don't have this "complicated platform" issue. Whenever i find myself in trouble i go crying to PT
I took a picture of Lumesh last time he cried

http://studentsfirstproject.org/wp-c...ng-toddler.jpg
Those who say it cannot be done should not interrupt those who are doing it
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