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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #65,861
  • Feb 13, 2013 11:14am Feb 13, 2013 11:14am
Quoting PipTrapper
Come on you pig... show me how high you can fly... or did Draghi finally clip your wings?

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Go Pig go.....and you'll find me in the bar
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Trading Levels with WRBs
  • #65,862
  • Feb 13, 2013 11:24am Feb 13, 2013 11:24am
15min bulls back in control. Support at 1.3440s is confirmed with targets above at 1.3560s. Retest of 1.3440s still possible tomorrow.
GL
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,863
  • Feb 13, 2013 11:30am Feb 13, 2013 11:30am
Quoting Islander
Go Pig go.....and you'll find me in the bar
Closed for +22 pips. The day is pretty much over anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,864
  • Feb 13, 2013 11:30am Feb 13, 2013 11:30am
Quoting fibstalker
15min bulls back in control. Support at 1.3440s is confirmed with targets above at 1.3560s. Retest of 1.3440s still possible tomorrow.
GL

Hmm. I agree.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #65,865
  • Feb 13, 2013 12:04pm Feb 13, 2013 12:04pm
Glad I got out of the short before it hit 1.35...love alertfx.com...woke me up as it went above 1.347

didn't see the quick drop coming so missed it as i was snoring.

PT, if you manualed a 100 lot sell, you are my hero. Awesome!
  • #65,866
  • Feb 13, 2013 3:32pm Feb 13, 2013 3:32pm
With this head and shoulders currently forming, i think we just may see a drop to the monthly/s1 level around 1.3385 level within the next few hours...anyone else get this feeling, especially with the jump but retracement from this morning ?
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learn by failure,succeed by learning
Aim Small Return Today: -17.3%
  • #65,867
  • Feb 13, 2013 5:00pm Feb 13, 2013 5:00pm
Hello,
quick update for the Euro FX currency futures tomorrow (extracted from my free Newsletter):

The Euro found support in the 1.3360 area at the beginning of the week. It confirmed the support area in the 15min, 4-hour and finally on the daily chart today by violating the 1.3510 level on the upside. After this bears on the daily chart will not look to sell any more, but bulls pushed price lower into the next long setup at 1.3440. That area held in the afternoon but it's not said it will hold tomorrow as well.

http://www.forexfactory.com/attachme...1&d=1360795666

Picture - "Trading plan for the Euro moving forward (daily chart) - February 13th, 2013"

There are two scenarios for the Euro (please refer to the above chart):

Scenario 1. The 1.3440 is retested successfully and market can continue higher towards the larger target into the 1.3870 area

Scenario 2. Below 1.3418 the 1.3440 area of support fails and price can come back to retest the 1.3360 area. This area should be tested successfully.
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,868
  • Feb 14, 2013 12:19am Feb 14, 2013 12:19am
Hi PT. When is Katching?
  • #65,869
  • Feb 14, 2013 12:40am Feb 14, 2013 12:40am
Quoting rekon67
Hi PT. When is Katching?
In 20 minutes, German GDP data will be released. You may want to buckle your seat belt just in case.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,870
  • Feb 14, 2013 1:01am Feb 14, 2013 1:01am
Somebody dumped a bunch of EUR like 2 minutes before data was released...

Bunch of B.S.!
  • #65,871
  • Feb 14, 2013 1:16am Feb 14, 2013 1:16am
Quoting PipTrapper
In 20 minutes, German GDP data will be released. You may want to buckle your seat belt just in case.
Ka-Ching!!!
Those who say it cannot be done should not interrupt those who are doing it
  • #65,872
  • Feb 14, 2013 1:16am Feb 14, 2013 1:16am
Quoting 100PipsADay
Somebody dumped a bunch of EUR like 2 minutes before data was released...

Bunch of B.S.!
Sorry 'bout that...
Those who say it cannot be done should not interrupt those who are doing it
  • #65,873
  • Feb 14, 2013 1:24am Feb 14, 2013 1:24am
Quoting PipTrapper
Sorry 'bout that...
Out of my E/A longs for a pretty big loss. Damn it! Thought I had a good setup and a good entry... Too much manipulation these days!
  • #65,874
  • Feb 14, 2013 1:31am Feb 14, 2013 1:31am
Quoting 100PipsADay
Out of my E/A longs for a pretty big loss. Damn it! Thought I had a good setup and a good entry... Too much manipulation these days!
I do believe I mentioned to you last time that I would only be looking to enter long on a retest of the 1.2800 area. I beleve E/A needs a correction to that zone before more upside and that the next push up will be based more on AUD weakness than EUR strength.

ADD: By the way. I'm short A/U at 1.0352. Waiting for the Koala Bear to come down from the Eucalyptus tree.

http://us.123rf.com/400wm/400/400/mj...yptus-tree.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #65,875
  • Feb 14, 2013 1:37am Feb 14, 2013 1:37am
Quoting PipTrapper
I do believe I mentioned to you last time that I would only be looking to enter long on a retest of the 1.2800 area. I beleve E/A needs a correction to that zone before more upside and that the next push up will be based more on AUD weakness than EUR strength.
Yea I remember you posting that. I just saw good consolidation / support up at 1.293 and then further support at 1.298. After which we had higher lows forming from a 4 Hour perspective as well as a triangle forming.

I was sure we would break to the upside... Guess I was too early
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  • #65,876
  • Feb 14, 2013 1:46am Feb 14, 2013 1:46am
Nice chart 100pips, u r right about higher lows but notice the lower highs above as well. Also the RSI has not quite crossed into the OS area. All said though I like yr analysis and will watch what u post. I am not an expert and still learning ( I think we all keep learning each day) But thanks for the chart. Cheers.
  • #65,877
  • Feb 14, 2013 1:52am Feb 14, 2013 1:52am
Quoting 100PipsADay
Yea I remember you posting that. I just saw good consolidation / support up at 1.293 and then further support at 1.298. After which we had higher lows forming from a 4 Hour perspective as well as a triangle forming.

I was sure we would break to the upside... Guess I was too early
You hit the nail perfectly on the head HP. You were not wrong... just a bit too early.
What we have here is the formation of consolidation pattern which is not quite done yet.

We still have an inverted H/S to complete and my target still stands around 1.40

E/A Daily:
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Those who say it cannot be done should not interrupt those who are doing it
  • #65,878
  • Feb 14, 2013 1:52am Feb 14, 2013 1:52am
Quoting Jalby
Nice chart 100pips, u r right about higher lows but notice the lower highs above as well. Also the RSI has not quite crossed into the OS area. All said though I like yr analysis and will watch what u post. I am not an expert and still learning ( I think we all keep learning each day) But thanks for the chart. Cheers.
Hi Jalby,

Thank you. Yes you're right about not being completely over sold. Here is the triangle I was watching though and it was holding quite nicely until just this past hour. That is when I closed out my long positions and accepted my loss with these entries.

I was so sure that we would break to the upside after 12 days of consolidation... However, the market had something else in mind.
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_-_Triangle_(2-13).jpg Size: 131 KB
  • #65,879
  • Feb 14, 2013 1:54am Feb 14, 2013 1:54am
Quoting PipTrapper
You hit the nail perfectly on the head HP. You were not wrong... just a bit too early.
What we have here is the formation of consolidation pattern which is not quite done yet.
You're right, I was too early on this trade. We win some and we lose some...
  • #65,880
  • Feb 14, 2013 1:56am Feb 14, 2013 1:56am
Quoting PipTrapper
Ka-Ching!!!
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