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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #66,961
  • Apr 9, 2013 10:36am Apr 9, 2013 10:36am

  1. Booked profits on our 1.2905 long close to our 1.3090 target
  2. Upper 21-day Bolli, 38.2% of 2013's range & Mar 15 high are close to 1.3100
  3. Look for dip to today's lows if c1.3100 hurdles aren't cleared initially
  4. Dailies closer to overbought, but weekly have room to run
  5. For more see (More) . Chart: http://link.reuters.com/vac37t

Trade smaller than rational because the market is irrational...
  • #66,962
  • Apr 9, 2013 10:36am Apr 9, 2013 10:36am
Quoting EuroTraderJD
FX Live Fresh high at 1.3081. Those offers put up solid resistance on the first attempt but the second push broke through. Strong offers in the 1.3100/15 zone, which is a solid zone of technical resistance that I highlighted earlier.
Getting closer to my target. Come on 1.3150. Don't let me down now.
Those who say it cannot be done should not interrupt those who are doing it
  • #66,963
  • Apr 9, 2013 10:37am Apr 9, 2013 10:37am
Out of long @84 +11 Existing long @ 1.3131

Looking for a short (either a position or a skirt)
Trade smaller than rational because the market is irrational...
  • #66,964
  • Apr 9, 2013 10:41am Apr 9, 2013 10:41am
Quoting EuroTraderJD
Out of long @84 +11 Existing long @ 1.3131 Looking for a short (either a position or a skirt)
It's all your fault. You got me going.

Attached Image (click to enlarge)
Click to Enlarge Name: short_skirt_03.jpg Size: 62 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #66,965
  • Apr 9, 2013 10:47am Apr 9, 2013 10:47am
Quoting PipTrapper
It's all your fault. You got me going. {image}
weak resistence there
  • #66,966
  • Apr 9, 2013 11:06am Apr 9, 2013 11:06am
Quoting rekon67
weak resistence there
looks like a late upthrust is is testing that resistance zone at the round figure....will it break through......TWT
Trading Levels with WRBs
  • #66,967
  • Apr 9, 2013 11:18am Apr 9, 2013 11:18am
Quoting PipTrapper
It's all your fault. You got me going. {image}
WOW now that is some action!
Trade smaller than rational because the market is irrational...
  • #66,968
  • Apr 9, 2013 11:21am Apr 9, 2013 11:21am
To all my FX brothers who PM me about my MM pyramid.

Check your email as I just sent them out.

I have to leave to go to a client now and will be back in a few to resume the fun.

DAMN that work has a nasty way of getting in the way of my trading.

I am short now @ 89
Trade smaller than rational because the market is irrational...
  • #66,969
  • Apr 9, 2013 11:24am Apr 9, 2013 11:24am
Quoting rekon67
Your buy orders are going to get executed soon.
Hi rekon. That position I have had for a while. It was an existing long @1.3131.

Just put a short on @89 (wish it was the one PT posted) shhhh dont tell Hot Mama
Trade smaller than rational because the market is irrational...
  • #66,970
  • Apr 9, 2013 11:30am Apr 9, 2013 11:30am
With Europe gone home will there be anymore buying of EUR/USD ?

I went short 3 positions of EUR/USD and I will see where we are at 5:00 PM Rollover Time.

USD/JPY and it's effect on EUR/JPY is the new kid on the street that we need to watch.

Also read the item that I posted earlier. If USD/JPY reverses then EUR/JPY will come down and take EUR/USD with it.

A BIG drop in the Dow will give us Risk Off and Money will FLOW to US Bonds.

Be aware of the North Korea issue and Italy and Cyprus are still major issues.

Keep a close eye on the Price of Gold.

Good Trading
  • #66,971
  • Apr 9, 2013 12:13pm Apr 9, 2013 12:13pm
Quoting Islander
looks like a late upthrust is is testing that resistance zone at the round figure....will it break through......TWT
Those who say it cannot be done should not interrupt those who are doing it
  • #66,972
  • Apr 9, 2013 5:12pm Apr 9, 2013 5:12pm
a look at high E / J .. well he let in 3 months as major levels: 111.60, 117.67, 123.27, 127.97 .....
at this speed now .. just look 134.47 and 138.50 ..
  • #66,973
  • Apr 9, 2013 5:22pm Apr 9, 2013 5:22pm
week chart

to post charts to work ... linux is what I can .. but you can get an idea
what I was talking about ..
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File Type: pdf EJ.pdf   125 KB | 359 downloads
  • #66,974
  • Apr 9, 2013 6:34pm Apr 9, 2013 6:34pm
Quoting CurrencyMan
With Europe gone home will there be anymore buying of EUR/USD ? I went short 3 positions of EUR/USD and I will see where we are at 5:00 PM Rollover Time. USD/JPY and it's effect on EUR/JPY is the new kid on the street that we need to watch. Also read the item that I posted earlier. If USD/JPY reverses then EUR/JPY will come down and take EUR/USD with it. A BIG drop in the Dow will give us Risk Off and Money will FLOW to US Bonds. Be aware of the North Korea issue and Italy and Cyprus are still major issues. Keep a close eye on the Price of Gold....
Great observation CM. I am short was well @89
Trade smaller than rational because the market is irrational...
  • #66,975
  • Apr 9, 2013 6:44pm Apr 9, 2013 6:44pm
Quoting EuroTraderJD
Great observation CM. I am short was well @89
I also agree with those points all except the fact that the US dollaryen does not appear to be weakening anytime soon the 99.00 mark has held strong and I only see this continuing past 100.
  • #66,976
  • Apr 9, 2013 6:47pm Apr 9, 2013 6:47pm

  1. Short covering and broad USD weakness pushed the EUR/USD as high as 1.3103
  2. The pullback from 1.3103 has validated 1.3110/15 as key short-term resistance
  3. The 38.2 fibo of the 1.3711/1.2740 at 1.3111 with break targeting 1.3145/55
  4. This window contains the 55-day and 100-day moving averages
  5. Hourly support formed at .13075 with break targeting 1.3025/55
  6. EUR/JPY flows should be main driver of price action in Asia today

Trade smaller than rational because the market is irrational...
  • #66,977
  • Apr 9, 2013 6:49pm Apr 9, 2013 6:49pm

  1. 38.2% fib of decline from Feb high coincides with 50 day MA circa 1.3115
  2. Prior daily highs from early March also match this level - key resistance
  3. Look for pullback or sideways consolidation to begin soon
  4. Holding above 1.3115 will confirm that bulls have strength to continue higher
  5. Chart: http://link.reuters.com/ned37t

Trade smaller than rational because the market is irrational...
  • #66,978
  • Apr 9, 2013 7:59pm Apr 9, 2013 7:59pm
Long @ 84

Short @ 89 (initiated this afternoon)
Trade smaller than rational because the market is irrational...
  • #66,979
  • Apr 9, 2013 8:02pm Apr 9, 2013 8:02pm
Quoting chodd22
I also agree with those points all except the fact that the US dollaryen does not appear to be weakening anytime soon the 99.00 mark has held strong and I only see this continuing past 100.
It may bro in the near term but all good things must come to end and when it does.....

The boat seems a little crowded on one side.
Trade smaller than rational because the market is irrational...
  • #66,980
  • Apr 9, 2013 8:13pm Apr 9, 2013 8:13pm
Pipnography
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Trade smaller than rational because the market is irrational...
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