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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #67,001
  • Apr 10, 2013 2:01am Apr 10, 2013 2:01am
Thanks manga,
chat to you soon.
good luck.
G.

Quoting mangaradja
Hello FibStalker, nice to see you back and read your scenario
"markets traded by programs/HFT offer a significant trading edge..."
  • #67,002
  • Edited 2:26am Apr 10, 2013 2:10am | Edited 2:26am
Quote: still looking for its 130.50 level to be tested today ......it was and I'm finished for this morning.

However, a couple of observations....

@DannyMania...a slow start in the week for the EUR/USD after quite a move last week.
looking to go long on the close above 1.3135 level.

Mmmm - last week we had ~+ 200 pips on the whole week......so far at this morning's high € was ~+ 155 pips - hardly as slow start. IF you are looking for € to go higher, why not buy the pull backs - like the one to 1.3170 S&R zone earlier this morning?

@fxcode : Market talk of offers in GBP/USD at 1.5350/65 - Unconfirmed; trades 1.5330 (+6pips) last

We can all see that you like copy & paste, but this is the EURO ANALYSIS thread.....
Trading Levels with WRBs
  • #67,003
  • Apr 10, 2013 2:23am Apr 10, 2013 2:23am
out of long @84 for +16
Trade smaller than rational because the market is irrational...
  • #67,004
  • Apr 10, 2013 2:24am Apr 10, 2013 2:24am
EUR/USD rejected from 1.3120

FXstreet.com (Barcelona) - The single currency is trading back around the key mark at 1.3100 on Wednesday, after comments by Luxemburg PM, J.C.Juncker, saying that the euro area would remain stuck into recession have undermined the ongoing upside.

“Recent spread tightening on the European bond market justifies EUR/USD at current levels and with trading accounts most likely still fairly short, potential remains for a further correction higher”, added S.Holbek, Senior Analyst at Danske Bank.

As of writing, the cross is up 0.13% at 1.3100 with the next hurdle at 1.3135 (high Mar.8) ahead of 1.3163 (high Feb.28) and then 1.3229 (50% of Feb-Apr slide).
On the downside, a dip beyond 1.3006 (low Apr.9) would then target 1.2963 (low Apr.8) en route to 1.2928 (MA10d).
Trade smaller than rational because the market is irrational...
  • #67,005
  • Apr 10, 2013 2:33am Apr 10, 2013 2:33am
Euro Techs

 

  1. Key resist breached and the bias remains with the bulls.
  2. Upper Bolli @ 1.3107/38.2% fibo of Feb/Apr slide @ 1.3111 hit. 1.3115 tops
  3. Stick with buying dips until clearer signals a end to the bull run are seen
  4. Below 1.2926/28 MAs re-evaluates

Trade smaller than rational because the market is irrational...
  • #67,006
  • Apr 10, 2013 2:39am Apr 10, 2013 2:39am
Quoting EuroTraderJD
Euro Techs Key resist breached and the bias remains with the bulls. Upper Bolli @ 1.3107/38.2% fibo of Feb/Apr slide @ 1.3111 hit. 1.3115 tops Stick with buying dips until clearer signals a end to the bull run are seen Below 1.2926/28 MAs re-evaluates
ET how far do you think bulls can go?
am thinking 320
Life is beautiful the way you dress it.
  • #67,007
  • Apr 10, 2013 3:52am Apr 10, 2013 3:52am
Slovenia says What? The new prime minister, Alenka Bratusek, stressed that Slovenia does not need a bailout, as well as emphasizing that the country is not a tax haven such as Cyprus.


What markets say? They are concerned, the publication points, but the situation is still not panic. The cost of insuring the debt of Slovenia against a possible default through credit default swaps, were $ 250 thousand per year. This just before the announcement of the bailout of Cyprus, in March. He is currently at $ 328,000.
  • #67,008
  • Apr 10, 2013 4:24am Apr 10, 2013 4:24am
Quoting fxcode
ET how far do you think bulls can go? am thinking 320
Bro I dont know. PT mentioned 3150 and that seems like a good target.

Although I greatly respect those who do I dont try to predict how high or how low the price might go. IMO that does not build wealth and is more entertainment value. No one can tell with great certainty a future price level at a specific time on a consistent basis.

I read several FF forums with everyone giving their diverse tech approach and to me it is like group dart throwing. The same for those tech news releases I post.

The most important is following the trend. So I will say up in the near term, use my short term indos to get in and out, and monitor the news.
Trade smaller than rational because the market is irrational...
  • #67,009
  • Apr 10, 2013 4:26am Apr 10, 2013 4:26am
And sorry for the delay in getting back to you I got up to check my trades, posted a few articles and went back to bed.
Trade smaller than rational because the market is irrational...
  • #67,010
  • Apr 10, 2013 4:33am Apr 10, 2013 4:33am
JK on FX video and commentary

http://www.jkonfx.com/
Trade smaller than rational because the market is irrational...
  • #67,011
  • Apr 10, 2013 4:37am Apr 10, 2013 4:37am
Quoting EuroTraderJD
And sorry for the delay in getting back to you I got up to check my trades, posted a few articles and went back to bed.
no probs man!!
i respect your views too.u know in this biz, ur working strategy is always ur best tool.
Life is beautiful the way you dress it.
  • #67,012
  • Apr 10, 2013 4:39am Apr 10, 2013 4:39am
"ECB's Provopoulos says EUR 50bln set aside for Greek bank recaps adequate"

long @310 and 309
i think its time for yankees to touch "options" level AKA the magnet zones.
Life is beautiful the way you dress it.
  • #67,013
  • Apr 10, 2013 4:50am Apr 10, 2013 4:50am
USD to benefit from less-dovish FOMC minutes - DailyFX

FXstreet.com (Córdoba) - The greenback struggled to hold its ground on Tuesday, but according to David Song, Currency Analyst at DailyFX, "the weakness is likely to be short-lived as the Federal Reserve strikes an improved outlook for the world's largest economy".

In the analyst's view, the FOMC Minutes highlights the biggest event risk for the next 24-hours of trading, "and the fresh batch of central bank rhetoric may increase the appeal of the reserve currency as a growing number of Fed officials show a greater willingness to adjust the asset purchase program", he says.

"As the economic recovery gradually gathers pace, we should see the FOMC slowly move away from its easing cycle, and the shift in the policy outlook should prop up the greenback over the near to medium-term as the central bank drops its dovish tone for monetary policy", Song concludes.
Trade smaller than rational because the market is irrational...
  • #67,014
  • Apr 10, 2013 4:51am Apr 10, 2013 4:51am
Quoting fxcode
no probs man!! i respect your views too.u know in this biz, ur working strategy is always ur best tool.
AMEN brother!
Trade smaller than rational because the market is irrational...
  • #67,015
  • Apr 10, 2013 4:57am Apr 10, 2013 4:57am
Quoting EuroTraderJD
Bro I dont know. PT mentioned 3150 and that seems like a good target. Although I greatly respect those who do I dont try to predict how high or how low the price might go. IMO that does not build wealth and is more entertainment value. No one can tell with great certainty a future price level at a specific time on a consistent basis. I read several FF forums with everyone giving their diverse tech approach and to me it is like group dart throwing. The same for those tech news releases I post. The most important is following the trend. So I will...
i love your thinking/trading process.
  • #67,016
  • Apr 10, 2013 5:04am Apr 10, 2013 5:04am
Quoting Kaptain Ahab
i love your thinking/trading process.
Thanks brother. I wanted to be successful in the markets and to reach this end I do my best to use common sense with an open mind. I also never forget where I came from. This keeps the painful lessons I learned fresh in my mind so that I do not give into greed, chase price, ect.

I also appreciate everyone here. I have learned and prospered because of all of you.

One last thing you name cracks a smile on me everytime I read it. "Kaptain Ahab"...heheh
Trade smaller than rational because the market is irrational...
  • #67,017
  • Apr 10, 2013 5:05am Apr 10, 2013 5:05am
UMMHHH
Life is beautiful the way you dress it.
  • #67,018
  • Apr 10, 2013 5:10am Apr 10, 2013 5:10am
Short @ 89 now ITM
Trade smaller than rational because the market is irrational...
  • #67,019
  • Apr 10, 2013 5:11am Apr 10, 2013 5:11am
USDJPY Plunges As BOJ's Kuroda Says Has "Done What Is Necessary And Possible For Now"
Trade smaller than rational because the market is irrational...
  • #67,020
  • Apr 10, 2013 5:13am Apr 10, 2013 5:13am
E breaks resistance and bulls charge

 

  1. EUR/USD +0.1%; USD/JPY +0.2%; EUR/JPY 0.3%; USD/CAD -0.2%
  2. EUR breaks key resistance, bulls charge
  3. USD/JPY closes in on 100.00, aiming for 61.8% retrace of 2007-11 drop
  4. USD/CAD heads south; techs favour the bears
  5. Fed FOMC minutes, 18.00GMT; Dallas Fed's Fisher speaks, 21.00GMT
  6. Charts: http://link.reuters.com/qag37t, http://link.reuters.com/keg37t

Trade smaller than rational because the market is irrational...
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