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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #66,761
  • Apr 5, 2013 11:45am Apr 5, 2013 11:45am
Quoting rekon67
Its a very good tool in deed, thanks for sharing.
No problem.

Curious to know how your EA is coming along? You making progress?
  • #66,762
  • Apr 5, 2013 11:52am Apr 5, 2013 11:52am
Quoting 100PipsADay
No problem. Curious to know how your EA is coming along? You making progress?
nah, I am stuck with my office and daily work. The script works excellent with small lots like 0.01 to increment upto 2.00 lots after that its a mess, so i am thinking to limit it upto 2.00 lots only and now need to check how it works with "Only with Trend Entries" and reverse on "potential exhaust" condition.
  • #66,763
  • Apr 5, 2013 11:53am Apr 5, 2013 11:53am
Short @ 17
Trade smaller than rational because the market is irrational...
  • #66,764
  • Apr 5, 2013 11:54am Apr 5, 2013 11:54am
Quoting rekon67
nah, I am stuck with my office and daily work. The script works excellent with small lots like 0.01 to increment upto 2.00 lots after that its a mess, so i am thinking to limit it upto 2.00 lots only and now need to check how it works with "Only with Trend Entries" and reverse on "potential exhaust" condition.
I see. Well keep us posted with the progress, from what I saw before it looks pretty cool!

Enjoy your weekend Rekon!
  • #66,765
  • Apr 5, 2013 11:57am Apr 5, 2013 11:57am
Quoting EuroTraderJD
Short @ 17
Good Call
  • #66,766
  • Apr 5, 2013 12:21pm Apr 5, 2013 12:21pm
Quoting rekon67
Good Call
Thanks reckon. Time will tell if I will be flying or dying....
Trade smaller than rational because the market is irrational...
  • #66,767
  • Apr 5, 2013 12:27pm Apr 5, 2013 12:27pm
Quoting chess king
wanted to make the target of 3200 .... starting from 2774 ... I'll wait to see the end of the month ...
3050 could be a strong R..
I closed all long.....
  • #66,768
  • Apr 5, 2013 12:35pm Apr 5, 2013 12:35pm
Quoting EuroTraderJD
Thanks reckon. Time will tell if I will be flying or dying....
I think it fits fine with your reverse pyramid 1.30 area is a good spot for selling price might fly higher but eventually will give lot of offer below 1.30.
  • #66,769
  • Apr 5, 2013 12:47pm Apr 5, 2013 12:47pm
Quoting chess king
3050 could be a strong R.. I closed all long.....
possible 1.3060-80 or even 1.3120 levels to test, presently it is safely back to 1.3020 which indicates further buy possibility over week-end.
  • #66,770
  • Apr 5, 2013 1:22pm Apr 5, 2013 1:22pm
Quoting rekon67
I think it fits fine with your reverse pyramid 1.30 area is a good spot for selling price might fly higher but eventually will give lot of offer below 1.30.
AGREED. The indos said sell and I did although not with 100% conviction. The liquidity is low now.

I am good. Got a long @ 31 and a short @ 17 Watch Ms Market do the lap dance tease by gyrating in between.
Trade smaller than rational because the market is irrational...
  • #66,771
  • Apr 5, 2013 1:48pm Apr 5, 2013 1:48pm
Have a great weekend everyone. Nice to see the Euro behaving as it should for a change.
I am aiming to look for selling opportunities over 1.3100... most likely closer to 1.3150 area. I'll let PA lead in on that. So let's get there first and then I'll see what gives.

Good night.

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #66,772
  • Apr 5, 2013 2:54pm Apr 5, 2013 2:54pm
Quoting PipTrapper
You and vtmn are quite hopeful. If we do get a figure above 200K, that USD index is gonna soar like an eagle... dragging down most other risk currencies... including the Euro.
Sorry for the late reply,
Yeah Maybe that's all I need to see

by the way, glad to see you back
and happy weekend to you all
  • #66,773
  • Apr 5, 2013 3:00pm Apr 5, 2013 3:00pm
Have a great weekend PT
Trade smaller than rational because the market is irrational...
  • #66,774
  • Apr 5, 2013 3:15pm Apr 5, 2013 3:15pm
Quoting PipTrapper
Have a great weekend everyone. Nice to see the Euro behaving as it should for a change. I am aiming to look for selling opportunities over 1.3100... most likely closer to 1.3150 area. I'll let PA lead in on that. So let's get there first and then I'll see what gives. Good night. {image}
thank you... Have a great weekend too..
  • #66,775
  • Apr 5, 2013 3:22pm Apr 5, 2013 3:22pm
[NEW YORK April 5, 2013 19:52 GMT] Overnight ranges were tight & NY walked in with the pair .2930 pre-US & Canadian jobs. Both nations’ jobs data missed big with Canada’s loss much bigger on a relative basis. EUR went bid against North America as the ECB isn't moving on rates soon. EUR/USD rallied from 1.2930 to 1.3040, EUR/CAD ran from 1.3100 to 1.3315 & even EUR/MXN spiked from 15.9250 to 16.14 before pulling back to 15.87. JPY crosses remained broadly bid. EUR/JPY rallied from pre-NFP levels of 124.30 to a new high of 127.29. Little pullback was seen & EUR/JPY sat near 127.20 into the close. EUR/USD drifted aimlessly in the afternoon & settled just below 1.3020. The March 25 high at 1.3050 is key res for now. Talk of a 1.3050 barrier & offers ahead of that level cap for now but it may only be a matter of time before the level is cracked. Daily & weekly RSIs have turned bullish & two consecutives closes above the 200 & 21DMAs emboldens bulls. The USD’s yield advantage wanes again & will likely aid to keep EUR firm against the greenback. Above 1.3050 will have the mkt target 1.3095/1.3110 where the upper 21d Bolli & March 15 high reside.
Trade smaller than rational because the market is irrational...
  • #66,776
  • Apr 5, 2013 3:23pm Apr 5, 2013 3:23pm
Quoting rekon67
possible 1.3060-80 or even 1.3120 levels to test, presently it is safely back to 1.3020 which indicates further buy possibility over week-end.
yes I think so too ... but 3051 R1 months !??.. looks also do not want to be greed,,, let's see if we can sell ..
  • #66,777
  • Apr 6, 2013 12:31am Apr 6, 2013 12:31am
Is that 100 pips drop overnight?

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  • #66,778
  • Edited 2:07am Apr 6, 2013 1:48am | Edited 2:07am
Quoting rekon67
Is that 100 pips drop overnight? {image}
It certainly looks that way. It happened immediately after the retail market closed.

I cannot find any news that would cause that kind of move other than maybe the discovery of fraud at the Bank of Cyprus.

ADD: Okay I think I found something.

Apparently the Portuguese Constitutional Court has ruled that the Portugal's austerity budget is unconstitutional. This may lead to a fall of the government, but worse than that is the fact that if the austerity program is derailed, then Portuguese bond yields will soar and Portugal will not be able to return to the market for funding, nor will the ECB consider them for the OMT program.

If this is the case, I think the 100 pip drop was more of a knee jerk reaction in very thin after hours trading and we should see those 100 pips regained Sunday night.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,779
  • Apr 6, 2013 6:21am Apr 6, 2013 6:21am
Quoting PipTrapper
It certainly looks that way. It happened immediately after the retail market closed. I cannot find any news that would cause that kind of move other than maybe the discovery of fraud at the Bank of Cyprus. ADD: Okay I think I found something. Apparently the Portuguese Constitutional Court has ruled that the Portugal's austerity budget is unconstitutional. This may lead to a fall of the government, but worse than that is the fact that if the austerity program is derailed, then Portuguese bond yields will soar and Portugal will not be able to return...
PORTUGUESE government has a meeting today ... to find alternatives ...
  • #66,780
  • Apr 6, 2013 11:54am Apr 6, 2013 11:54am
Bloomberg....18.52 gmt+2 e/u...12991...
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