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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #65,701
  • Feb 7, 2013 5:33am Feb 7, 2013 5:33am
Quoting PipTrapper
Crystal balls have a way of leading you in the wrong direction

My crystal ball tells me no rate cut today and Draghi will continue to blow sunshine up our a$$ets

http://www.cartoonstock.com/newscart...s/tnen649l.jpg


Perfect! Works for me and my EUR/AUD longs...

Hope you are having a good week PT!
  • #65,702
  • Feb 7, 2013 6:58am Feb 7, 2013 6:58am
Quoting 100PipsADay
Perfect! Works for me and my EUR/AUD longs...

Hope you are having a good week PT!
Every week is a good week for me. I only have a bad minute once in a while and once that minute is over, it's forgotten.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,703
  • Feb 7, 2013 7:18am Feb 7, 2013 7:18am
Quoting PipTrapper
Every week is a good week for me. I only have a bad minute once in a while and once that minute is over, it's forgotten.
Nice! That's what I like to hear

So what does Mr. Draghi have in store for us today... (patiently waiting )
  • #65,704
  • Feb 7, 2013 7:19am Feb 7, 2013 7:19am
Quoting 100PipsADay
Nice! That's what I like to hear

So what does Mr. Draghi have in store for us today... (patiently waiting )
fortune
How to Win at Sports Betting: DON'T DO IT!
  • #65,705
  • Feb 7, 2013 7:20am Feb 7, 2013 7:20am
Quoting 100PipsADay
Nice! That's what I like to hear

So what does Mr. Draghi have in store for us today... (patiently waiting )
Good kest-yin LOL
Those who say it cannot be done should not interrupt those who are doing it
  • #65,706
  • Feb 7, 2013 7:20am Feb 7, 2013 7:20am
For those of you who do not have CNBC or Bloomberg TV, you can watch the ECB press conference here >> http://www.ecb.int/press/tvservices/...130207.en.html
Those who say it cannot be done should not interrupt those who are doing it
  • #65,707
  • Feb 7, 2013 7:21am Feb 7, 2013 7:21am
Quoting Vtmn
fortune
  • #65,708
  • Feb 7, 2013 7:21am Feb 7, 2013 7:21am
Quoting PipTrapper
Good kest-yin LOL
LOL
  • #65,709
  • Feb 7, 2013 7:34am Feb 7, 2013 7:34am
A hammer formation exactly at daily pivot for Both EJ and EU in 15min chart.
and the Unemployment claims is not good for USD .I think the price will go up .
I have a Buy Stop order at 127.05.
  • #65,710
  • Feb 7, 2013 7:43am Feb 7, 2013 7:43am
Quoting zoomfire
A hammer formation exactly at daily pivot for Both EJ and EU in 15min chart.
and the Unemployment claims is not good for USD .I think the price will go up .
I have a Buy Stop order at 127.05.
OMG No,The price dropped like hell and it looks like it will go all the way till 126.Anyway i had a pending Sell Stop and it got executed .
I was ready for either side
  • #65,711
  • Feb 7, 2013 7:59am Feb 7, 2013 7:59am
Am I beginning to hear the faint squeal of the PT pig?
Trade smaller than rational because the market is irrational...
  • #65,712
  • Feb 7, 2013 8:03am Feb 7, 2013 8:03am
Well this has been disappointing...
  • #65,713
  • Feb 7, 2013 8:30am Feb 7, 2013 8:30am
Afternoon Fellow Traders....

Well Mr. Draghi was a delight to listen to and as soon as he mentioned fears of deflation risks i smiled from left to right ear... Have 2 short positions in the market as i type this, was short 2 days ago from 1.3697 and 1.3595.... Target for both positions will be 1.33

Green pips to all!!
  • #65,714
  • Feb 7, 2013 8:39am Feb 7, 2013 8:39am
http://lolosad.com/wp-content/upload...ll-sell-sm.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #65,715
  • Feb 7, 2013 9:02am Feb 7, 2013 9:02am
Quoting PipTrapper
http://lolosad.com/wp-content/upload...ll-sell-sm.jpg
lol
  • #65,716
  • Feb 7, 2013 9:47am Feb 7, 2013 9:47am
Clearly professionals and program trading did not pick the 1.3440-60 area up...

Failure levels:
- spot 1.3375
- Euro FX futures 1.3394

Below these levels euro price will need to be re-evaluated and shorts could bring price into the 1.2900 price.

A possible change in fundamentals? Euro joining the currency wars, we don't know.

Price is not respecting measured moves.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,717
  • Feb 7, 2013 9:53am Feb 7, 2013 9:53am
picked off some very nice trades e/u following your quality posts, fib.....also short ES this AM off the Evans comment that QE may end before 7%... took it as a verbal intervention to check price.

many thanks for your informed and balanced work

Quoting fibstalker
Clearly professionals and program trading did not pick the 1.3440-60 area up...

Failure levels:
- spot 1.3375
- Euro FX futures 1.3394

Below these levels euro price will need to be re-evaluated and shorts could bring price into the 1.2900 price.

A possible change in fundamentals? Euro joining the currency wars, we don't know.

Price is not respecting measured moves.
  • #65,718
  • Feb 7, 2013 1:03pm Feb 7, 2013 1:03pm
Hey roro,
how are things?

Very nice. As I said I will be wrong, meaning that the market will make me wrong. I would do and post the same things anyway. I am glad you did take good trades. Indeed the fact that the weekly setup failed means ongoing fundamental changes.

That's okay a door slams another opens... I will be probably looking for shorts now since supports are down at 1.3200 and 1.2900 and this will be reflected on the analysis. But there are two possible ways to look at price at the moment. I will share them in the next video and on FF.

Thank you

Cheers


Quoting roro53
picked off some very nice trades e/u following your quality posts, fib.....also short ES this AM off the Evans comment that QE may end before 7%... took it as a verbal intervention to check price.

many thanks for your informed and balanced work
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,719
  • Edited Feb 8, 2013 1:54am Feb 7, 2013 1:53pm | Edited Feb 8, 2013 1:54am
Quoting 100PipsADay
Well this has been disappointing...
Don't give up hope yet. The EUR/AUD has confirmed an inverted H/S pattern and the target is in the 1.40xx region.
I will be looking to take a long on either a retest of the neckline or a break of the top.

E/A Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: ea-w1.gif Size: 39 KB


The alternative is that this is an ABCD correction, in which case the target would be the 100 FE at 1.3376
Notice how price found support at the 61.8 FE

Attached Image (click to enlarge)
Click to Enlarge Name: ea-w1a.gif Size: 43 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #65,720
  • Feb 7, 2013 2:14pm Feb 7, 2013 2:14pm
Quoting PipTrapper
Don't give up hope yet. The EUR/AUD has confirmed an inverted H/S pattern and the target is in the 1.40xx region.
I will be looking to take a long on either a retest of the neckline or a break of the top.
PT, I'm playing in that pair currently. I locked it up today as I was thinking the same but that mid 1.31xx area has some solid resistance on the weekly and it hit pretty hard.

If this Euro continues to play out a weakness should continue on all crosses...even with all the AUD weak press.
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