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EurAnalysis Kindergarten 24 replies

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  • #65,901
  • Feb 15, 2013 6:09am Feb 15, 2013 6:09am
Quoting Islander
92 in UJ would be nice - as I'm now trading €J. IF € was down to its 1.3300 level, that would put €J ~ 122.40 - or its S2 level with a daily range of 190 pips (its 20 ADR is 213 pips)

As I just sold again at its recent 50% swing pull back at 123.33, the 122.40 area would make this a rather nice Friday TWT
I read some analysis, they are taking sale position on U/J till 90, so I think this will further rally down. Although, for this week I think 92 is a good no touch barrier.
  • #65,902
  • Feb 15, 2013 6:23am Feb 15, 2013 6:23am
Quoting rekon67
I read some analysis, they are taking sale position on U/J till 90, so I think this will further rally down. Although, for this week I think 92 is a good no touch barrier.
Very soon ...

Attached Image (click to enlarge)
Click to Enlarge Name: UJ.png Size: 25 KB
  • #65,903
  • Feb 15, 2013 6:30am Feb 15, 2013 6:30am
1.3305, dec's high, will this provide support?
  • #65,904
  • Feb 15, 2013 6:36am Feb 15, 2013 6:36am
Quoting rekon67
Very soon ...

Attachment
Actually I do not trade JPY pairs but it looks promising to you.
Bearish divergence plus SMA's generate SELL signal.
Though I would count for more then 90.50-90.00

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 24 KB
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  • #65,905
  • Feb 15, 2013 6:37am Feb 15, 2013 6:37am
Quoting 100PipsADay
Hey PT,

Would you mind keeping me posted once you decide to get long on EUR/AUD? Nothing worse then seeing where a trade is going in the near future but missing the ride.

I've got my eye on 1.28 but need confirmation at that point before placing trade. Looks like we might hit 1.28 tonight but probably best to wait to go long until next week.

Thanks buddy.
No need to worry. This is a daily/weekly chart formation so it's gonna take a few days. On Monday I will set some alerts.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,906
  • Feb 15, 2013 6:40am Feb 15, 2013 6:40am
Quoting 5percent
1.3305, dec's high, will this provide support?
Not for a long time, I think.
Round numbers are an excellent trap for retail traders.
When they start buying at 1.3300 big boys place they huge BUY orders 30-40pips below their support level,
harvesting they stop loss orders like wheat.
I don't know if this happen today, but have seen this many times before...

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  • #65,907
  • Feb 15, 2013 6:42am Feb 15, 2013 6:42am
Looks like we got a good old fashioned USD rally happening. So I'm long U/CAD and short E/U and G/U for the day.
Limits and stops are set and I'm heading out till NY opening bell. Back later.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #65,908
  • Feb 15, 2013 6:47am Feb 15, 2013 6:47am
Quoting PipTrapper
Looks like we got a good old fashioned USD rally happening. So I'm long U/CAD and short E/U and G/U for the day.
Limits and stops are set and I'm heading out till NY opening bell. Back later.

Attachment
Hey PT.... Are you on holidays?
If so, I bet you must spend it somewhere in Bermuda Triangle
You know, so many people disapeared there.
Same happened to you, hehehe
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  • #65,909
  • Feb 15, 2013 7:50am Feb 15, 2013 7:50am
looks like 1.3305 appears to be a good place for long after all, since it moved up more than 50 pips . As in opportunity set up, it may be override by bears later from higher.
  • #65,910
  • Feb 15, 2013 8:00am Feb 15, 2013 8:00am
Quoting 5percent
looks like 1.3305 appears to be a good place for long after all, since it moved up more than 50 pips . As in opportunity set up, it may be override by bears later from higher.
hmmm... yeah,,,, nice move.
I don't know why I feel now even more BEARISH then 3 hours ago, hehehe, seriously.
Maybe I need some holidays looking too much on charts everyday.
I am just waiting for some set ups to SELL, as this created nice opportunity.
If price manage to break lowest LOW, good, if not i will end up on breakeven.
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  • #65,911
  • Feb 15, 2013 8:06am Feb 15, 2013 8:06am
I actually bet on u/J 92.00 no touch barrier for 36 hours, seems I am going win some bucks ;-)
  • #65,912
  • Feb 15, 2013 8:17am Feb 15, 2013 8:17am
Quoting rekon67
I actually bet on u/J 92.00 no touch barrier for 36 hours, seems I am going win some bucks ;-)
hey rekon
Am I against everybody here on this thread?
I really need some hols
I was thinking to SELL right now USDJPY @93.50 and touching 92 seems to me very likely.
I'd rather go for ONE TOUCH, but this is what my Friday afternoon tired mind telling me....
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  • #65,913
  • Feb 15, 2013 8:20am Feb 15, 2013 8:20am
Quoting halkins
hey rekon
Am I against everybody here on this thread?
I really need some hols
I was thinking to SELL right now USDJPY @93.50 and touching 92 seems to me very likely.
I'd rather go for ONE TOUCH, but this is what my Friday afternoon tired mind telling me....
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It is fairly up and targeting 95 + . I would be happily selling it if I get 96 or more, remember 2008?
  • #65,914
  • Feb 15, 2013 8:30am Feb 15, 2013 8:30am
Quoting rekon67
It is fairly up and targeting 95 + . I would be happily selling it if I get 96 or more, remember 2008?
What time in Monday does your option expires?
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  • #65,915
  • Feb 15, 2013 8:32am Feb 15, 2013 8:32am
Quoting halkins
What time in Monday does your option expires?
Actually it closes today 21 GMT. Next week new calculation and hopefully some fun with win money this weekend.
  • #65,916
  • Feb 15, 2013 8:35am Feb 15, 2013 8:35am
Quoting rekon67
Actually it closes today 21 GMT. Next week new calculation and hopefully some fun with win money this weekend.
Okay I am back from my outing. We got some really good US data while I was out so obviously that softened the Yen a bit more and as such lent some support to the Euro... but not for long coz now the USD should get a nice boost.... hopefully.

I guess it now depends on US consumer sentiment due in 20 minutes.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,917
  • Feb 15, 2013 8:38am Feb 15, 2013 8:38am
Quoting PipTrapper
Okay I am back from my outing. We got some really good US data while I was out so obviously that softened the Yen a bit more and as such lent some support to the Euro... but not for long coz now the USD should get a nice boost.... hopefully.

I guess it now depends on US consumer sentiment due in 20 minutes.
Hi PT, what is your take on U/J, is that again targeting 100?
  • #65,918
  • Feb 15, 2013 8:38am Feb 15, 2013 8:38am
Quoting rekon67
Actually it closes today 21 GMT. Next week new calculation and hopefully some fun with win money this weekend.
Oh... wish you good luck.
I thought you need to keep it till Monday evening.
This is my last view on UJ
Looks like 61.8% keeps the price so far at 93.50

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.gif Size: 33 KB
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  • #65,919
  • Feb 15, 2013 8:43am Feb 15, 2013 8:43am
Quoting halkins
Oh... wish you good luck.
I thought you need to keep it till Monday evening.
This is my last view on UJ
Looks like 61.8% keeps the price so far at 93.50

Attachment

Ya, I do agree on the picture, I got couple of analysis from different companies and all are building sale positions, so I think we will see more volume and volatility on this pair. I am looking forward to see 96 and above for a secure position. TWT.
  • #65,920
  • Feb 15, 2013 8:51am Feb 15, 2013 8:51am
Quoting rekon67
Ya, I do agree on the picture, I got couple of analysis from different companies and all are building sale positions, so I think we will see more volume and volatility on this pair. I am looking forward to see 96 and above for a secure position. TWT.
Have a look on this:
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