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EurAnalysis Kindergarten 24 replies

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  • #66,121
  • Feb 26, 2013 10:57pm Feb 26, 2013 10:57pm
And You are probably correct....100 pips..but I'm seeing some signs of one of those strange times when the dollar and Euro move up in tandem for a short time...Still working on the math...

Agree with you on the other two points...the market moves on released data...not manipulated figures.
  • #66,122
  • Feb 27, 2013 12:05am Feb 27, 2013 12:05am
If you look at a comparison chart of EUR USD and /DX...or any major dollar indicator...it is pretty much is a mirror image...however there are times when they move in tandem..but it's not significant to the major movement...Unless you are a day trader (that's me)....and end up getting blown out at tops and bottoms every once in a while.

My day trading chart uses a mirror image of price...It's skewed...and is based upon the swing trend...It helps me identify consistencies in price levels.

Every once in awhile I look at a comparison chart between EUR USD and /DX...but it's a bit of a hassle to set up.
  • #66,123
  • Feb 27, 2013 12:18am Feb 27, 2013 12:18am
I think we will be higher rangebound for the rest of this month around 1.3100.
  • #66,124
  • Feb 27, 2013 1:28am Feb 27, 2013 1:28am
Quoting 100PipsADay
I would think that a "looming USA budget concern" would actually be dollar positive due to it's safe haven status. Therefore, people would sell EUR (and other majors) to find safety in the USD until it "blows" over.
Agreed. We already saw this from the market last go around in Dec. As it appeared no deal would get done, the USD became a safe haven...as the uncertainty of what the "NO DEAL" brought wouldn't sit well with the markets.

So if no deal, USD strength...deal gets done...USD weakness

Again, an opinion from a newbie!

FYI, Draghi speaks later...so a possible Euro pump could come short term. He loves makin it look better than it is. And the markets eat it up.
  • #66,125
  • Feb 27, 2013 6:14am Feb 27, 2013 6:14am
looks like 15m chart in EJ is forming a ascending triangle .
i have a pending short position.hoping to break and go lower.
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  • #66,126
  • Feb 27, 2013 8:07am Feb 27, 2013 8:07am
went long usd cad a bit ago...


US credit rating at risk, warns Fitch

http://www.bbc.co.uk/news/business-21027323
  • #66,127
  • Feb 27, 2013 9:29am Feb 27, 2013 9:29am
as we expect// not much movement ..
  • #66,128
  • Feb 27, 2013 11:19am Feb 27, 2013 11:19am
Quoting Sailing Home
went long usd cad a bit ago...


US credit rating at risk, warns Fitch

http://www.bbc.co.uk/news/business-21027323
This news would obviously be bearish for the USDCAD...so its more of a guessing game with this news and a debt ceiling deal.
  • #66,129
  • Feb 27, 2013 11:23am Feb 27, 2013 11:23am
Quoting Sailing Home
went long usd cad a bit ago...


US credit rating at risk, warns Fitch

http://www.bbc.co.uk/news/business-21027323
Oh wait, that was mid Jan...yeah...too many good economic numbers have come out to offset this in my opinion. US looks healthier, (if dying on a deathbed with Dr Jekyll tending wonds is considered healthy) than most others economies at the moment...fueled by monopoly money.
  • #66,130
  • Feb 27, 2013 8:27pm Feb 27, 2013 8:27pm
The Fitch news was valid and timely...USD CAD rallied a bit before the trend change....which I was waiting for. Traded the rally and the trend change.

Thanks for the help that you guys have offered so far. It's helping me to understand some of the fundamental mistakes that I've been making.

That's why I'm here, to get your help...and perhaps make a few friends.
  • #66,131
  • Feb 27, 2013 9:22pm Feb 27, 2013 9:22pm
taking a stab a eur usd short
  • #66,132
  • Feb 27, 2013 9:47pm Feb 27, 2013 9:47pm
testing the level..
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  • #66,133
  • Feb 27, 2013 10:07pm Feb 27, 2013 10:07pm
a bit lonely trading at this time...low liquidity...but a level is a level and this dog must test it..

hello to all of the other lone wolves out there..
  • #66,134
  • Feb 27, 2013 10:18pm Feb 27, 2013 10:18pm
Yes its a bit slow tonight
  • #66,135
  • Feb 27, 2013 10:37pm Feb 27, 2013 10:37pm
When the trade reaches a price level...I'm out at least one position.

Will often get in again at the next level...just depends...
  • #66,136
  • Feb 27, 2013 11:30pm Feb 27, 2013 11:30pm
It is pretty slow...

At any rate...I was out at the lower level...and might trade the next high...sorry if I'm boring you guys...

You are the masters and I'm the student.
  • #66,137
  • Feb 28, 2013 2:59am Feb 28, 2013 2:59am
Quoting Sailing Home
It is pretty slow...

At any rate...I was out at the lower level...and might trade the next high...sorry if I'm boring you guys...

You are the masters and I'm the student.
€ in a 26 pip range for the past 13 hours.....even UJ has managed 50 pips....month's end, so let's hope that or some unexpected news kicks life into this
Trading Levels with WRBs
  • #66,138
  • Feb 28, 2013 8:07am Feb 28, 2013 8:07am
Good Morning

Are we still on Holiday ?

I am not being non PMA all I wanted to say is quiet time.

Let's get back to normal on Monday March 4, 2013 when everyone on the beach should report back to work. Soon in Canada the snow will go and spring will arrive.
  • #66,139
  • Feb 28, 2013 8:12am Feb 28, 2013 8:12am
Quoting CurrencyMan
Good Morning

Are we still on Holiday ?
I am not being non PMA all I wanted to say is quiet time.
Let's get back to normal on Monday March 4, 2013 when everyone on the beach should report back to work. Soon in Canada the snow will go and spring will arrive.
Hey Guys...., CM....
Yeah... bit quiet here

Anybody hungry for bulls meat? So let the bears out !!!!
I am trying to catch SHORT...
I am not quite sure if this is perfect entry zone, but I consider reenter SHORT at 1.31800- 1.3200 if we skip higher...
Hmmm.... Any ideas?

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Read Charts - Not Papers
  • #66,140
  • Feb 28, 2013 8:13am Feb 28, 2013 8:13am
Any good material we have to speculate U/J move? Any political event or critical news for the week which could move U/J significantly? Thanks.
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