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EurAnalysis Kindergarten 24 replies

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  • #65,041
  • Jan 16, 2013 4:47am Jan 16, 2013 4:47am
Do you guys think 1.4000 is on card for E/U.
  • #65,042
  • Jan 16, 2013 4:48am Jan 16, 2013 4:48am
Quoting rekon67
Do you guys think 1.4000 is on card for E/U.
That's a very tough call Rekon. Anything is possible, but let's be realistic for a minute and ask a simple question. What would a 1.40 E/U do for the German exporters?
Those who say it cannot be done should not interrupt those who are doing it
  • #65,043
  • Jan 16, 2013 4:51am Jan 16, 2013 4:51am
Quoting rekon67
Do you guys think 1.4000 is on card for E/U.
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  • #65,044
  • Jan 16, 2013 4:56am Jan 16, 2013 4:56am
Quoting PipTrapper
That's a very tough call Rekon. Anything is possible, but let's be realistic for a minute and ask a simple question. What would a 1.40 E/U do for the German exporters?
Bad ofc, but thay had this rates in recents years > 1.40 so why not in 2013?
  • #65,045
  • Jan 16, 2013 5:17am Jan 16, 2013 5:17am
Quoting PipTrapper
Don't feel bad. I got stopped out 3 times today trying to establish long scalps. Cost me 25 pips in total. Fortunately I made them all back with that one long at 1.3285. Now hopefully this sucker keeps climbing so I can make some profit. If I get stopped out again, at least I'll be break-even.
Hi PT...
Does this sound like scaling out (adding) to a losing position?
Many times, if I am stopped out my next open entry is little bit bigger then initial one...
As far as now I haven't been hammered, but....
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  • #65,046
  • Jan 16, 2013 5:20am Jan 16, 2013 5:20am
Quoting PipTrapper
That's a very tough call Rekon. Anything is possible, but let's be realistic for a minute and ask a simple question. What would a 1.40 E/U do for the German exporters?
I guess exporters wont die if price spikes to these levels in the period of few weeks, but russian gas would be really cheap at that point - germans could fill every empty cistern on every corner there is (presumably reserves could be reduced after the winter)
69
  • #65,047
  • Jan 16, 2013 5:20am Jan 16, 2013 5:20am
Quoting rekon67
Do you guys think 1.4000 is on card for E/U.

Hi Rekon
I wouldn't look so high, but rather focus on 1.34800 (50% weekly fibo retracement) and see how price will dance at this level...
It's very likely to hit it.
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  • #65,048
  • Jan 16, 2013 5:31am Jan 16, 2013 5:31am
Quoting halkins
Hi PT...
Does this sound like scaling out (adding) to a losing position?
Many times, if I am stopped out my next open entry is little bit bigger then initial one...
As far as now I haven't been hammered, but....
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No it doesn't sound like "adding to a losing position" but it does have a slight scent of "revenge trading"
Those who say it cannot be done should not interrupt those who are doing it
  • #65,049
  • Jan 16, 2013 5:35am Jan 16, 2013 5:35am
Quoting Likerty
I guess exporters wont die if price spikes to these levels in the period of few weeks, but russian gas would be really cheap at that point - germans could fill every empty cistern on every corner there is (presumably reserves could be reduced after the winter)
You make a good point, but remember that Russians do not like hanging on to Euros too long, so they will probably sell them off (and possibly buy USD) and thereby offset the Euro gains.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,050
  • Jan 16, 2013 5:36am Jan 16, 2013 5:36am
Quoting rekon67
Bad ofc, but thay had this rates in recents years > 1.40 so why not in 2013?
Yes true, but during those times the economy was doing very well in Europe. Right now Germany is the only significant Euro nation with positive inflation adjusted GDP... and barely at that.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,051
  • Jan 16, 2013 6:04am Jan 16, 2013 6:04am
Thanks Halkins, PT and Likerty
  • #65,052
  • Jan 16, 2013 6:55am Jan 16, 2013 6:55am
Hey Guys...
We are now re-testing very important level 1.32700.
Hmm....Are you bullish or bearish now? Is it Break-It or Make-It?

I am watching the price on smaller time frames.
I am rather bullish, but this is the news to pull the trigger now I think.
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  • #65,053
  • Jan 16, 2013 7:05am Jan 16, 2013 7:05am
Quoting halkins
Hey Guys...
We are now re-testing very important level 1.32700.
Hmm....Are you bullish or bearish now? Is it Break-It or Make-It?

I am watching the price on smaller time frames.
I am rather bullish, but this is the news to pull the trigger now I think.
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1.32500 is a nice combination (38% Fibo)
Is this a potential rebounce area?
Watch closely

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  • #65,054
  • Jan 16, 2013 8:34am Jan 16, 2013 8:34am
NY opened just a pip lower TY closing and got rejected so far
69
  • #65,055
  • Jan 16, 2013 9:19am Jan 16, 2013 9:19am
Could this be another BULLISH sign for EURO I can see today?

IMF expected to approve 3.3 billion euro aid for Greece
http://www.forexfactory.com/news.php?do=news&id=405284
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  • #65,056
  • Jan 16, 2013 9:52am Jan 16, 2013 9:52am
Quoting halkins
Could this be another BULLISH sign for EURO I can see today?

IMF expected to approve 3.3 billion euro aid for Greece
http://www.forexfactory.com/news.php?do=news&id=405284
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good call.
  • #65,057
  • Jan 16, 2013 10:04am Jan 16, 2013 10:04am
The sense of the movement of this pair continues to confound many. If you would like you can see a result I had today by visiting the AG qualifier the fifth of my trade explorers. While I was waiting in a demand zone I was scalping 7 of them the smallest 5 pips then 5.6 then3@10 pips , 11 pips and the largest 16 pips The large size trade I continue is one bought at a broken demand 8 lots @ 1.3348 should be profitable today in about 30 minutes and another 10 lots @ 1.3278 bought in middle of demand currently $1900 profitable.

I will scalp again as soon as I can determine another clear demand zones forms I think one is forming now
1.3290 to 1.310 oops just executed stay tuned for update or follow the explorer referenced
Thanks to all who help me grow and prosper
Note the size gets smaller as I am not as sure of the new zones as the one I just managed to work ..... I would post a chart but at school and they do not allow uploads to sites from teacher com puters

Turtle
Trading Consultants Inc JJG
  • #65,058
  • Jan 16, 2013 10:14am Jan 16, 2013 10:14am
Quoting Turtle Man
The sense of the movement of this pair continues to confound many. If you would like you can see a result I had today by visiting the AG qualifier the fifth of my trade explorers. While I was waiting in a demand zone I was scalping 7 of them the smallest 5 pips then 5.6 then3@10 pips , 11 pips and the largest 16 pips The large size trade I continue is one bought at a broken demand 8 lots @ 1.3348 should be profitable today in about 30 minutes and another 10 lots @ 1.3278 bought in middle of demand currently $1900 profitable.
Sure, we will look there, Turtle, but $$$ profit does not tell anything.
The percentage gains is the key, as for me it's a big difference profiting $1000 on 10.000 account and 100.000 account...
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  • #65,059
  • Jan 16, 2013 10:28am Jan 16, 2013 10:28am
This pair is surely graduating to the most horrendous pair to trade.
  • #65,060
  • Jan 16, 2013 10:44am Jan 16, 2013 10:44am
Quoting rekon67
This pair is surely graduating to the most horrendous pair to trade.
Eeeeee.... you mean hilarious, hehehehe
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