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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #66,621
  • Apr 4, 2013 10:37am Apr 4, 2013 10:37am
Out of existing long @94 for +30

Next long is at 1.2940 and waiting for it to go ITM.
Trade smaller than rational because the market is irrational...
  • #66,622
  • Apr 4, 2013 10:40am Apr 4, 2013 10:40am
Quoting PipTrapper
Oh no. I don't want to be responsible for your heart stopping. Next time I'll sneak in
Brother just as long as you are in I can deal with the coronary issues.
Trade smaller than rational because the market is irrational...
  • #66,623
  • Apr 4, 2013 10:40am Apr 4, 2013 10:40am
Forex Flash: Short EUR/USD under 1.3020 – Westpac


FXstreet.com (Barcelona) - According to Global FX Strategist Sean Callow at Westpac, “We are short the EUR/USD at 1.3020. Key longer term moving averages around 1.2900 should stymie the topside but we are nevertheless inclined to tighten stops here (to 1.2950)” – EZ markets are proving resilient to both Italy’s political deadlock and the precedent set in Cyprus for higher levels of private sector risk ownership in the region’s banking system.

However, “Draghi struck a dovish tone this week and IP data next week more likely than not to disappoint, ultimately keeping EUR downside in focus. EUR/JPY and EUR/CHF still trading heavily, implying that recent EUR/USD stability is more a USD story.” Callow adds.
Trade smaller than rational because the market is irrational...
  • #66,624
  • Apr 4, 2013 10:40am Apr 4, 2013 10:40am
Quoting EuroTraderJD
EUR/USD rises above 200-day moving average Buy stops hit as the 200-day moving average breaks. EUR/USD quickly rallies to 1.2914.
I'm missing somthing, my 200 sma on the Daily chart is at 3070
Do what you are afraid to do -Emerson
  • #66,625
  • Apr 4, 2013 10:41am Apr 4, 2013 10:41am
welcome back PT!!!!!
  • #66,626
  • Apr 4, 2013 10:43am Apr 4, 2013 10:43am
Quoting Pip_Warrior
I'm missing somthing, my 200 sma on the Daily chart is at 3070
I am using the 200 MA on MT4 and it was around 1.2880.

Not sure what the news source was using.
Trade smaller than rational because the market is irrational...
  • #66,627
  • Apr 4, 2013 10:45am Apr 4, 2013 10:45am
Quoting PipTrapper
http://www.youtube.com/watch?v=XFxllgA32ug
That blessed pig is back. Boy I missed its squeal.

It needs a name.
Trade smaller than rational because the market is irrational...
  • #66,628
  • Apr 4, 2013 10:47am Apr 4, 2013 10:47am
if u have noticed weekly a potential double bottom has formed, i am long E/U from 1.2880, TP1 is at 1.3000.
  • #66,629
  • Apr 4, 2013 10:48am Apr 4, 2013 10:48am
Quoting EuroTraderJD
I am using the 200 MA on MT4 and it was around 1.2880. Not sure what the news source was using.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-04-04 at 12.45.24 PM.png Size: 100 KB
Do what you are afraid to do -Emerson
  • #66,630
  • Apr 4, 2013 10:48am Apr 4, 2013 10:48am
EURUSD +200 pips from the lows
Trade smaller than rational because the market is irrational...
  • #66,631
  • Apr 4, 2013 10:50am Apr 4, 2013 10:50am
Quoting Pip_Warrior
{image}
Wow I dont know what the difference is. Some platforms offer SMA and EMA averages.
Trade smaller than rational because the market is irrational...
  • #66,632
  • Apr 4, 2013 10:51am Apr 4, 2013 10:51am
What am I missing to see a 200 pip rally on the EurUsd?

The US data wasn't that bad was it...?

Anyone else see a fall back in the asia markets after this bump. I'm reloading some shorts by the way. I show it bouncing off my trendline of 1.2950

Thoughts?
  • #66,633
  • Apr 4, 2013 10:53am Apr 4, 2013 10:53am
Reversal at M5..good day for pips.
  • #66,634
  • Apr 4, 2013 10:56am Apr 4, 2013 10:56am

  1. EUR/CHF dip to 1.2155 & EUR/JPY dip to 123.50 bought
  2. Both near highs on the day & take EUR/USD to knew high of 1.2890
  3. Stops touted above the 200 DMA & more reported up to 1.2930
  4. Bullish engulfing candle in place if pair closes at current levels but care needed
  5. Action post Mar 7 ECB saw EUR squeeze up then reverse after US jobs data
  6. Chart: http://link.reuters.com/pah27t

Trade smaller than rational because the market is irrational...
  • #66,635
  • Apr 4, 2013 10:59am Apr 4, 2013 10:59am
Quoting chodd22
What am I missing to see a 200 pip rally on the EurUsd? The US data wasn't that bad was it...? Anyone else see a fall back in the asia markets after this bump. I'm reloading some shorts by the way. I show it bouncing off my trendline of 1.2950 Thoughts?
It was short covering on the backs of a stop run IMHO.

Will be joining you reloading some shorts but have to wait for the 5 x 15 first then confirmation with the RSI and 30M HSR and 30M Fibs to make sure I got the room to run.
Trade smaller than rational because the market is irrational...
  • #66,636
  • Apr 4, 2013 11:00am Apr 4, 2013 11:00am
Quoting rekon67
Reversal at M5..good day for pips.
no reversal, only pips


It’s International Landmine Awareness Day and the forex market is hell bent on reminding everyone.
If you stepped on 1.2750 and sold EUR/USD, your account exploded.
How to Win at Sports Betting: DON'T DO IT!
  • #66,637
  • Apr 4, 2013 11:04am Apr 4, 2013 11:04am
Ok, I need some advice

I am short, did not know we were above the 200 Day MA as my chart shows it at 3070 (Oanda). Can we expect a retrace, or is this technical move so strong that any shorts around current price will soon be under water and for some time? Just trying to exit. I would break even at 1.2909
Do what you are afraid to do -Emerson
  • #66,638
  • Apr 4, 2013 11:12am Apr 4, 2013 11:12am
Quoting Pip_Warrior
Ok, I need some advice I am short, did not know we were above the 200 Day MA as my chart shows it at 3070 (Oanda). Can we expect a retrace, or is this technical move so strong that any shorts around current price will soon be under water and for some time? Just trying to exit. I would break even at 1.2909
I am not one to give good advice...so theres my disclaimer.

I show a decent trendline at 1.2950 no broken yet and offered a little resistance.

My 4h 200 ma is 1.30 area as well...gotta break this trendline though before I will be worried about the 200 ma.

Again, I suck at trading...lol
  • #66,639
  • Apr 4, 2013 11:14am Apr 4, 2013 11:14am
Quoting chodd22
I am not one to give good advice...so theres my disclaimer. I show a decent trendline at 1.2950 no broken yet and offered a little resistance. My 4h 200 ma is 1.30 area as well...gotta break this trendline though before I will be worried about the 200 ma. Again, I suck at trading...lol
I appreciate it, and don't worry, my trading is my own for better or worse. Any one else?

PT, EurotraderJD, Reckon?
Do what you are afraid to do -Emerson
  • #66,640
  • Apr 4, 2013 11:14am Apr 4, 2013 11:14am
Quoting Pip_Warrior
Ok, I need some advice I am short, did not know we were above the 200 Day MA as my chart shows it at 3070 (Oanda). Can we expect a retrace, or is this technical move so strong that any shorts around current price will soon be under water and for some time? Just trying to exit. I would break even at 1.2909
i'm waiting for good stuff from US tomorrow(probably just me), depends on your account size and how much are you willing to risk
How to Win at Sports Betting: DON'T DO IT!
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