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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #65,961
  • Feb 20, 2013 2:58am Feb 20, 2013 2:58am
E/G uptrend. Euro sky is the limit.

As I indicated earlier U/J is the pair to watch, bombing in lower TFs.
  • #65,962
  • Feb 20, 2013 3:59am Feb 20, 2013 3:59am
Both relative cross pairs have just lost their shirts & this dumb ass pair hasn't flinched.... WHATS UP!!!
Those that say do not know. Those that know do not say.
  • #65,963
  • Feb 20, 2013 4:05am Feb 20, 2013 4:05am
Quoting 100PipsADay
Could I get some input about EUR/GBP?

Looks as though GBP/USD has broken a 4-Year Symmetrical Triangle to the downside so we should be seeing a down trend for the coming weeks / months. So with that in mind we now look at the EUR/GBP chart and notice that a weekly descending TL has been broken and confirmed. However, price is still testing an area of resistance for the past 4 weeks or so.

Once resistance is broken does anybody else see significant upside with EUR/GBP? This obviously goes hand in hand with the recent break of the 4-year symmetrical...
The market just confirmed everything for you...hope you solid in the green on both...
Those that say do not know. Those that know do not say.
  • #65,964
  • Feb 20, 2013 5:25am Feb 20, 2013 5:25am
Good Morning Everyone

Quick morning update from fxboot, which I fully support, though I think we can get much higher then the guy on video say...
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  • #65,965
  • Feb 20, 2013 5:42am Feb 20, 2013 5:42am
Hey guys,,,,
Isn't my plan is too optimistic for today and tomorrow?
Any comments?
Are we gonna break resistance line?
Any bulls in this room?

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  • #65,966
  • Feb 20, 2013 6:00am Feb 20, 2013 6:00am
Same confusion, not sure what is happening.

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  • #65,967
  • Feb 20, 2013 8:06am Feb 20, 2013 8:06am
Quoting rekon67
Same confusion, not sure what is happening.

Attachment
Try here >> http://www.outlook.com
Those who say it cannot be done should not interrupt those who are doing it
  • #65,968
  • Feb 20, 2013 9:28am Feb 20, 2013 9:28am
Quoting PipTrapper
Try here >> http://www.outlook.com
Thanks PT, I think they are upgrading but not a clear message to public though

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  • #65,969
  • Feb 20, 2013 10:01am Feb 20, 2013 10:01am
Quoting rekon67
Thanks PT, I think they are upgrading but not a clear message to public though

Attachment
Typical Microsoft. First they break it and then they eventually tell you it's your fault.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,970
  • Feb 20, 2013 10:14am Feb 20, 2013 10:14am
Quoting halkins
Hey guys,,,,
Isn't my plan is too optimistic for today and tomorrow?
Any comments?
Are we gonna break resistance line?
Any bulls in this room?

Attachment
Heh...
First part of the plan executed ...
Then.... pssss... no steam
OUT on BE
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  • #65,971
  • Feb 20, 2013 10:15am Feb 20, 2013 10:15am
Quoting halkins
Heh...
First part of the plan executed ...
Then.... pssss... no steam
OUT on BE


My best trades today were the only 3 I took. Short E/U and A/U and long U/CAD
E/U was a bit tricky coz I let it go 20 pips underwater, but it paid off

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Those who say it cannot be done should not interrupt those who are doing it
  • #65,972
  • Feb 20, 2013 10:21am Feb 20, 2013 10:21am
Quoting PipTrapper
http://www.youtube.com/watch?v=XFxllgA32ug
Many times when trying to catch a "bigger move", like 150-250 pips market does make some stupid dance...
I am doing much better grabbing 3 times by 50-70 pips and go,,,
At least it does not hurt so much like giving back profits...
The saying let the profit run is shite :/
Any advise PT?
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  • #65,973
  • Feb 20, 2013 10:38am Feb 20, 2013 10:38am
Quoting halkins
Many times when trying to catch a "bigger move", like 150-250 pips market does make some stupid dance...
I am doing much better grabbing 3 times by 50-70 pips and go,,,
At least it does not hurt so much like giving back profits...
The saying let the profit run is shite :/
Any advise PT?
I always take partial profit on any trade after I grab the first leg. That way if it goes back to zero and stops at BE, at least I get something out of it. How much I take, depends on my ultimate target in relation to where I am at the time. However, usually on the first leg, I take at least 50%. Lately I have been taking 60% because the market has been quite choppy.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,974
  • Feb 20, 2013 10:45am Feb 20, 2013 10:45am
Quoting PipTrapper
I always take partial profit on any trade after I grab the first leg. That way if it goes back to zero and stops at BE, at least I get something out of it. How much I take, depends on my ultimate target in relation to where I am at the time. However, usually on the first leg, I take at least 50%. Lately I have been taking 60% because the market has been quite choppy.
Well, I do this, or my "EA software" does, and it works pretty well, but I mean how can you keep position open to get 400-500 pips?
Market does not go straight line on higher time frames and many times it dance around making many false signals.
I don't want to have my SL like 200pips, or... I have to play with much smaller positions, which does not make sense to me...
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  • #65,975
  • Feb 20, 2013 11:18am Feb 20, 2013 11:18am
Hello all,
Euro very iffy and dodgy, but still short imho.

Here's my updated view on the 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1361380460

The 1.3530 area of resistance and short selling never traded (too big of a front-run), but program trading participation has evidently pushed price lower. The 1.3540 area of setup has targets in the 1.3270 area (1st target) and the 1.3130 area (2nd target)

The 1.3276 level is a very important level to monitor. It being pierced on the downside would open up the possibility of a retrace all the way into the 1.2900 area of support, which I have been now anticipating since some time (find the reason in Feb 8th video). Notice that the first target of the current short setup in the 4-hour timeframe in the 1.3410 area is below that 1.3276 level. So if the current setup in the 4-hour chart reaches the already confirmed 1st target, we could continue much lower (into 1.2900).

With the violation of the 1.3350 level on the downside we should no longer see strong interest from bulls in the 4-hour timeframe. However we could still see a retrace onto the 1.3360-90 area. We can still have a retrace up to the 1.3380 area but the move lower should then resume.

If the move continues lower it could meet the 100-day SMA at the 1.3130 area. There we could get a bounce into the 1.3215-45 or even 1.3260 area before a continuation lower into the 1.29s.

I am going to publish a video review on the Euro-dollar later on.

Trade safe.
Cheers
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,976
  • Feb 20, 2013 11:44am Feb 20, 2013 11:44am
Quoting fibstalker
Hello all,
Euro very iffy and dodgy, but still short imho.

Here's my updated view on the 4-hour chart:

http://www.forexfactory.com/attachme...1&d=1361380460

The 1.3530 area of resistance and short selling never traded (too big of a front-run), but program trading participation has evidently pushed price lower. The 1.3540 area of setup has targets in the 1.3270 area (1st target) and the 1.3130 area...
On a break and hold below 1.3270 support, if that same 3270/80 area tests well as strong resistance, that will confirm a large H/S formation with a measured target in the 1.2850/1.2900 area
Those who say it cannot be done should not interrupt those who are doing it
  • #65,977
  • Feb 20, 2013 11:47am Feb 20, 2013 11:47am
Quoting halkins
Well, I do this, or my "EA software" does, and it works pretty well, but I mean how can you keep position open to get 400-500 pips?
Market does not go straight line on higher time frames and many times it dance around making many false signals.
I don't want to have my SL like 200pips, or... I have to play with much smaller positions, which does not make sense to me...
No need to take just one small position. Take several spread out over your reversal (supply/demand) zone. If only one small position is triggered before it reverses, scale in with more on each pullback along the measured move.

If you are targeting 400 pips profit, then a 100 to 200 pip SL is fine. Remember it is about risk/reward ratios and anything over 1:2 (1 risk / 2 reward) is a good thing. Of course I prefer the 1:5 trades
Those who say it cannot be done should not interrupt those who are doing it
  • #65,978
  • Feb 20, 2013 11:47am Feb 20, 2013 11:47am
Thanks pip, so traditional TA (which I don't follow) is putting wind on our back as they say...
nice! Thanks


Quoting PipTrapper
On a break and hold below 1.3270 support, if that same 3270/80 area tests well as strong resistance, that will confirm a large H/S formation with a measured target in the 1.2850/1.2900 area
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,979
  • Feb 20, 2013 11:52am Feb 20, 2013 11:52am
Quoting fibstalker
Thanks pip, so traditional TA (which I don't follow) is putting wind on our back as they say...
nice! Thanks
Traditional PA is often misunderstood. A failed formation often fails on retest of the breakout point. If it passes the retest, then you have a 95% chance that price will reach the measured target.
Those who say it cannot be done should not interrupt those who are doing it
  • #65,980
  • Feb 20, 2013 12:00pm Feb 20, 2013 12:00pm
Whats up GUys, I see at least 1.35 or more before resume the downtrend
Stocktwit: LuisCarlos - twitter: @lcparodi
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