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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #66,061
  • Feb 24, 2013 11:17pm Feb 24, 2013 11:17pm
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  • #66,062
  • Feb 24, 2013 11:24pm Feb 24, 2013 11:24pm
1.35101 is the first resistance point on EUR CAD.

But, from what I can see..it will probably go up before it goes down....so I'm just staying patient and watching...

I mentioned earlier in the week that i would be buying into the Euro...so just staying patent...watching....and willing to take a small loss....
  • #66,063
  • Feb 24, 2013 11:35pm Feb 24, 2013 11:35pm
re EUR CAD ... Didn't mention that you need to buy two units at the ideal price that I set......you should sell the first one now...
  • #66,064
  • Feb 24, 2013 11:51pm Feb 24, 2013 11:51pm
However, I sold both of my units....since I'm treating this as a counter trend....Counter trends are tricky...most of us are trading Euro as a short..while I'm shorting it as a counter trend..EUR CAD has a bit more flexibility than EUR USD, though.

Enjoying the feedback and hope to make a few friends. I've been a bit of a lone wolf and need to make friends and express myself...This seems like a good place to go for it..I have two friends now...that's really cool.
  • #66,065
  • Feb 25, 2013 12:07am Feb 25, 2013 12:07am
Something about EUR JPY doesn't seem right...BOJ manipulated it's currency and didn't get any flack at the recent G20 meeting...at least in public...but I don't think that the G20 was too happy about it...

We need to keep an eye on JPY.
  • #66,066
  • Feb 25, 2013 12:12am Feb 25, 2013 12:12am
Just entered EUR CAD again..short...
  • #66,067
  • Feb 25, 2013 12:40am Feb 25, 2013 12:40am
The daily chart is at a central point....and the 10 minute charts are pretty topped out...

That central point on the daily is based on a technical that I use.

I took profits at the bottom...hope you did too..Although, I'm questioning this top.....looks a bit iffy...might get in on another short.
  • #66,068
  • Feb 25, 2013 12:48am Feb 25, 2013 12:48am
cool cartoon reckon67....

Cartoons are great...

Would be great to get some feedback....Maybe you guys aren't day traders.....like me...
  • #66,069
  • Feb 25, 2013 1:02am Feb 25, 2013 1:02am
The feeling here is that we'll have an unrulable country after these elections, with no clear winner and 3 maybe 4 coalitions very close one another.
I'm gettin' ready for a time of social uneasyness.
Ladies and Gentlemen, heavy jackets on if you please.
  • #66,070
  • Feb 25, 2013 1:09am Feb 25, 2013 1:09am
Selling U/J from 94.40, target GAP close. Almost done ... and will exit the trade in some minute.

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  • #66,071
  • Feb 25, 2013 1:12am Feb 25, 2013 1:12am
Quoting Sailing Home
cool cartoon reckon67....

Cartoons are great...

Would be great to get some feedback....Maybe you guys aren't day traders.....like me...
E/U buy orders executed at 1.3190 target TP1 1.3280, TP2 1.3340. TWT.
  • #66,072
  • Feb 25, 2013 1:42am Feb 25, 2013 1:42am
"E/U buy orders executed at 1.3190 target TP1 1.3280, TP2 1.3340. TWT."

nice...
  • #66,073
  • Feb 25, 2013 5:18am Feb 25, 2013 5:18am
1.3300 looks like its been smashed! If we can break 13335/13340 area, we may well be on our way back to 1.3485, folks
  • #66,074
  • Feb 25, 2013 5:40am Feb 25, 2013 5:40am
Quoting lancedes
1.3300 looks like its been smashed! If we can break 13335/13340 area, we may well be on our way back to 1.3485, folks
Wait buddy, wait....
See if those levels confirm or break.
Now it's time to take a breath... (if no news heat up the air)

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Read Charts - Not Papers
  • #66,075
  • Feb 25, 2013 6:04am Feb 25, 2013 6:04am
Quoting Sailing Home
Something about EUR JPY doesn't seem right...BOJ manipulated it's currency and didn't get any flack at the recent G20 meeting...at least in public...but I don't think that the G20 was too happy about it...

We need to keep an eye on JPY.


You are very correct about watching USD JPY as it gets weaker it moves the Euro Cross up EUR JPY and that in turn helps EUR USD move up as well. Japan is now joining the FED and the ECB to weaken their currencies to help their export market.

Stay Tuned
  • #66,076
  • Feb 25, 2013 6:09am Feb 25, 2013 6:09am
Quoting lancedes
1.3300 looks like its been smashed! If we can break 13335/13340 area, we may well be on our way back to 1.3485, folks
I would not make that assumption. Watch the resistance level and watch for a change in the Risk On and Risk Off factor.

When the Equity markets are positive it usually brings EUR USD up with it. Please be advised that the World awaits Election results today from Italy. Stay Focused and ASSUME NOTHING. Watch the Price Action and Supply and Demand on your charts.
  • #66,077
  • Feb 25, 2013 6:26am Feb 25, 2013 6:26am
Quoting CurrencyMan
I would not make that assumption. Watch the resistance level and watch for a change in the Risk On and Risk Off factor.

When the Equity markets are positive it usually brings EUR USD up with it. Please be advised that the World awaits Election results today from Italy. Stay Focused and ASSUME NOTHING. Watch the Price Action and Supply and Demand on your charts.
  • #66,078
  • Feb 25, 2013 8:00am Feb 25, 2013 8:00am
Just closing short positons on EUR USD and EUR JPY. Got JPY at the top (lucky).

Interesting week, Kuroda nomination, Italian Elections and downgrade of UK by Moody's.

Will stayed glued to this thread for updates and insights. Really enjoy the thread.
  • #66,079
  • Feb 25, 2013 9:07am Feb 25, 2013 9:07am
Buying back into EUR USD. Will buy one more position at 1.31456, if it get's there.
  • #66,080
  • Feb 25, 2013 9:12am Feb 25, 2013 9:12am
Quoting Sailing Home
Just closing short positons on EUR USD and EUR JPY. Got JPY at the top (lucky).

Interesting week, Kuroda nomination, Italian Elections and downgrade of UK by Moody's.

Will stayed glued to this thread for updates and insights. Really enjoy the thread.
Hi Sailing,

Welcome the the EurAnalysis thread. You seem to be quite enthusiastic. I like that

My apologies for not posting much lately but I am on a long vacation right now until next week.

When I come back, you might get tired of reading my endless posts and throw me on your ignore list

Keep up the great posts.

Cheers
PipTrapper (aka PT)
Those who say it cannot be done should not interrupt those who are doing it
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