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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #67,061
  • Apr 10, 2013 2:13pm Apr 10, 2013 2:13pm
Quoting kuroro001
I'm not a fan of shorting the lows. I'll wait for a higher move to short the pair. Or a lower move to buy again
I hear ya brother.

But how do we know for sure this is the low? It could be consolidating her for a break lower or drift lower

No one knows for sure it could head higher. This is why I have said many times the only sure thing is MM it will forgive a lot of bad entries entries if done properly
Trade smaller than rational because the market is irrational...
  • #67,062
  • Apr 10, 2013 2:15pm Apr 10, 2013 2:15pm
Quoting EuroTraderJD
I hear ya brother. But how do we know for sure this is the low? It could be consolidating her for a break lower or drift lower No one knows for sure it could head higher. This is why I have said many times the only sure thing is MM it will forgive a lot of bad entries entries if done properly
True, you can take a position anywhere, if you know when/where/how to exit it, you have nothing to worry about...well almost nothing.
COT: The precious data ignored
  • #67,063
  • Apr 10, 2013 2:18pm Apr 10, 2013 2:18pm
Short @52 the indos gave the green light and my MM is strong so what will be will be.

5X15 sma
PA below both
PA broke below support (when I executed the trade)
RSI3 under 50 (although low)

30M PA near bottom fib (not ideal for an entry but not a deal killer either)
30M PA is not near any demand zones or larger support (more emphasis on that)
Trade smaller than rational because the market is irrational...
  • #67,064
  • Apr 10, 2013 2:19pm Apr 10, 2013 2:19pm
And the USDJPY ramp is here this should help my short
Trade smaller than rational because the market is irrational...
  • #67,065
  • Apr 10, 2013 2:21pm Apr 10, 2013 2:21pm
The euro has dropped to a session low of $1.3054 after failing to rally much above its 50-day average of $1.3120 overnight. The euro's recent strength on the back of yen weakness is running out of steam, says Brad Bechtel at Faros Trading, but big Japanese buyers could still help stem the common currency's declines. He says euro inflows from big Japanese institutions will move slowly, and technical traders betting against the euro will take over in the meantime. EUR/USD last at 1.3055, down 0.2%.
Trade smaller than rational because the market is irrational...
  • #67,066
  • Apr 10, 2013 2:24pm Apr 10, 2013 2:24pm
Good luck with your short mate.

Too risky to me, i'll watch the show
COT: The precious data ignored
  • #67,067
  • Apr 10, 2013 2:38pm Apr 10, 2013 2:38pm
Quoting EuroTraderJD
Short @52 the indos gave the green light and my MM is strong so what will be will be. 5X15 sma PA below both PA broke below support (when I executed the trade) RSI3 under 50 (although low) 30M PA near bottom fib (not ideal for an entry but not a deal killer either) 30M PA is not near any demand zones or larger support (more emphasis on that)
I'm with you and SL @71
  • #67,068
  • Apr 10, 2013 2:39pm Apr 10, 2013 2:39pm
Quoting kuroro001
Good luck with your short mate. Too risky to me, i'll watch the show
Thanks Bro I am confident it will go into the money at some point.
Trade smaller than rational because the market is irrational...
  • #67,069
  • Apr 10, 2013 2:40pm Apr 10, 2013 2:40pm
Quoting mangaradja
I'm with you and SL @71
Good luck brother
Trade smaller than rational because the market is irrational...
  • #67,070
  • Apr 10, 2013 2:42pm Apr 10, 2013 2:42pm
Quoting EuroTraderJD
A word about patience. As I am doing that now waiting on Ms Market to make up her mind or just wake up. It is far better IMO to sit holding my "pip pip" then to get in and later holding my head regretting a bad entry thinking why did I fall to greed again...


AMEN
Those who say it cannot be done should not interrupt those who are doing it
  • #67,071
  • Apr 10, 2013 2:44pm Apr 10, 2013 2:44pm
Quoting EuroTraderJD
Good luck brother
Come on....you guys bring the market to my pending long sitting @ 19...need her to get thru all those mid 30/20 choke levels..
Those that say do not know. Those that know do not say.
  • #67,072
  • Apr 10, 2013 2:46pm Apr 10, 2013 2:46pm
Quoting kuroro001
Good luck with your short mate. Too risky to me, i'll watch the show
Same here. Want some of my popcorn?

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #67,073
  • Apr 10, 2013 2:48pm Apr 10, 2013 2:48pm
Quoting ohenry
Come on....you guys bring the market to my pending long sitting @ 19...need her to get thru all those mid 30/20 choke levels..
have you been spying on me? I have a buy limit at 19 too
Those who say it cannot be done should not interrupt those who are doing it
  • #67,074
  • Apr 10, 2013 2:50pm Apr 10, 2013 2:50pm
Quoting PipTrapper
have you been spying on me? I have a buy limit at 19 too
Damn...busted.......

PT whats ur stop...mine's @ 03..looking @ 3150 TP
Those that say do not know. Those that know do not say.
  • #67,075
  • Apr 10, 2013 2:52pm Apr 10, 2013 2:52pm
Quoting PipTrapper
Same here. Want some of my popcorn? {image}
Cheers mate, i'll grab some

Looks like it's heading for the 1,3067-69.
COT: The precious data ignored
  • #67,076
  • Apr 10, 2013 2:55pm Apr 10, 2013 2:55pm
Long @67

Short @52
Trade smaller than rational because the market is irrational...
  • #67,077
  • Apr 10, 2013 2:57pm Apr 10, 2013 2:57pm
Quoting ohenry
Damn...busted....... PT whats ur stop...mine's @ 03..looking @ 3150 TP
No stop. I don't use hard stops. However I have a mental stop below the figure.
TP is also mental. I'm figuring around 3150/70 area where I plan on also shorting again.

ADD. Just to clarify, I take my profits and losses based on daily closes above/below key pivots.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,078
  • Apr 10, 2013 2:59pm Apr 10, 2013 2:59pm
The euro has been the best performing G10 currency since the Bank of Japan announced its aggressive easing plan on April 4. One factor behind the currency's nearly 2% rise since is due to expectations that euro assets will be bought by Japanese investors seeking yield while, Citi says. Perception of the so-called currency wars play a role as well, with the BoJ seen as much more likely to expand its balance sheet in the next few months than the European Central Bank. Finally, a good part of the market was short euros at the time, and has been forced to cover to avoid getting trampled by buyers. Citi sees the euro's run continuing in the very near term, but reminds readers that their analysis still shows a fair value of $1.26. Euro at $1.3056, down 0.2%.
Trade smaller than rational because the market is irrational...
  • #67,079
  • Apr 10, 2013 3:02pm Apr 10, 2013 3:02pm
67-69 done now.
Ideally a move above 70 to clear some stops and resume the move down.

But way too ranging for now.
COT: The precious data ignored
  • #67,080
  • Apr 10, 2013 3:03pm Apr 10, 2013 3:03pm
Quoting PipTrapper
No stop. I don't use hard stops. However I have a mental stop below the figure. TP is also mental. I'm figuring around 3150/70 area where I plan on also shorting again.
I was years ago hehe..
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