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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #67,341
  • Apr 16, 2013 10:15pm Apr 16, 2013 10:15pm
Quoting chess king
My target was hit ..
  • #67,342
  • Apr 16, 2013 10:46pm Apr 16, 2013 10:46pm

  1. Tues saw daily close above 1.3150 structural resistance level
  2. Strength suggests higher resistance levels will be tested
  3. 50% fib at 1.323 is next level, then 1.3300 - more structural resistance
  4. Last major resistance is at 61.8% fib at 1.3345
  5. Daily close above 1.3345 would suggest new highs above Feb 1 high
  6. Chart: http://link.reuters.com/zap47t

Trade smaller than rational because the market is irrational...
  • #67,343
  • Apr 16, 2013 10:47pm Apr 16, 2013 10:47pm

  1. The EUR/USD is hanging in close range in Asia as all of the action in JPY
  2. EUR/JPY demand providing support while sell orders 1.3000/05 capping for now
  3. EUR/USD resistance at 50% of 1.3711/1.2740 move at 1.3225
  4. Hourly support formed around 1.3170/key support at 100-day MA at 1.3155

Trade smaller than rational because the market is irrational...
  • #67,344
  • Apr 16, 2013 10:49pm Apr 16, 2013 10:49pm
Pipnography for Pip Pervs
Attached Image
Trade smaller than rational because the market is irrational...
  • #67,345
  • Apr 16, 2013 11:15pm Apr 16, 2013 11:15pm
Today's observation: Prices fell to the bottom of our channel and quickly moved higher. Watch for a consolidation at this level before another pullback. George

http://www.forex-trading-made-ez.com.../fx041613D.jpg
Trade smaller than rational because the market is irrational...
  • #67,346
  • Apr 17, 2013 12:11am Apr 17, 2013 12:11am
Quoting PipTrapper
1375
Bang On!
  • #67,347
  • Apr 17, 2013 6:29am Apr 17, 2013 6:29am
Pipnography for Pip Pervs


http://www.forexfactory.com/attachme...1&d=1366198119
Trade smaller than rational because the market is irrational...
  • #67,348
  • Apr 17, 2013 6:41am Apr 17, 2013 6:41am
Morning traders,

I am glad to see the euro heading in the right direction lol. Although yesterday was a tradable day, I tend to void those out in regards to an overall direction. The euro likes to move 100 pips out of the blue, or in this case almost 150ish, and than make a sizable retrace. I have daily support at 1.3050 (lower-middle of market profile) and 1.2962. 1.32008 was the high and didn't show much enthusiasm to break it. I have a target of 1.3073 (50-day SMA; blue) and eventually 1.275/70 which should be a sizable demand zone.

Markets have been in a wee bit of chaos lately. Anyone notice the S&P? Monday it was down about 35 pts, yesterday up 22 pts and SPX futures indicate an open -13 points. It's becoming a traders market. This could get fun.

Happy pips
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-04-17-TOS_CHARTS.png Size: 147 KB
When the facts change I change my mind, what do you do sir
  • #67,349
  • Apr 17, 2013 6:46am Apr 17, 2013 6:46am
JK on FX video and commentary

http://www.jkonfx.com/
Trade smaller than rational because the market is irrational...
  • #67,350
  • Apr 17, 2013 6:54am Apr 17, 2013 6:54am
Long @34
Reason PA went over 5 SMA
RSI3 +50
30M PA not near HSR or Fibs / Supply zone

Existing short @99 so its pips for me today
Trade smaller than rational because the market is irrational...
  • #67,351
  • Apr 17, 2013 6:56am Apr 17, 2013 6:56am
Quoting Pip Anon
This could get fun. Happy pips {image}
I always have fun with Ms Market. She provides the best entertainment.
Trade smaller than rational because the market is irrational...
  • #67,352
  • Apr 17, 2013 7:18am Apr 17, 2013 7:18am
Quoting EuroTraderJD
I always have fun with Ms Market. She provides the best entertainment.
Ms. Market can get down right naaaaaaasty lol
When the facts change I change my mind, what do you do sir
  • #67,353
  • Apr 17, 2013 7:28am Apr 17, 2013 7:28am
Quoting Pip Anon
Ms. Market can get down right naaaaaaasty lol
Oh yes never forget she is a woman.
How I deal with her is the MM pyramid and trade long and short. It converts her sassy ways into sweet sweet pips.

I will say it until I retire in FX and am on my way.

It is proven a MM pyramid with the right set of indos will generate wealth consistently regardless of up or down PA.

My long @34 is now ITM
The 5 & 15 SMA in relation to PA plus the RS3 on the 10M chart is the bomb. with confirmation on the 30M HSR and fibs of course.
Trade smaller than rational because the market is irrational...
  • #67,354
  • Apr 17, 2013 7:33am Apr 17, 2013 7:33am
Jamie Sattlie EW analysist

http://charts.stocktwits.net/product...jpg?1366201771
Trade smaller than rational because the market is irrational...
  • #67,355
  • Apr 17, 2013 8:19am Apr 17, 2013 8:19am

  1. Asian sellers ~ 1.3200 keep large stops 1.3205-20 safe for now
  2. Sov downgrade rumors & weak EU equity mkts add weight & it breaks 1.3150
  3. Short-term double top looks to be in place & pair tests solid bids 1.3115-00
  4. Daily RSI rolls over from o/b & USD gains some yield advantage to add weight
  5. Large stops touted through 1.3090, if no rally soon they will attract
  6. No US econ data to spur mkt so cues may come from Fed speak & equities
  7. Chart: http://link.reuters.com/pus47t

Trade smaller than rational because the market is irrational...
  • #67,356
  • Apr 17, 2013 8:31am Apr 17, 2013 8:31am
EUR Tech trader

LONG 1.3170
Target 1.3310
Stop 1.3110


Scope for a retest of the 50% fibo of the Feb/Apr fall at 1.3229 despite intraday easing. This following the break and close above the 38.2% yday. The upper Bollinger provides resistance ahead and could see some stalls intraday. Spot trades off the highs at present but hrlies are threatening to bounce again. Stops raised to reduce risk.
Trade smaller than rational because the market is irrational...
  • #67,357
  • Apr 17, 2013 8:36am Apr 17, 2013 8:36am
Out of long @34 for +2

Reason PA dropped below 5SMA and RSI3 under 50

Will renter at some point when indos say buy

Still have short @1.3099
Trade smaller than rational because the market is irrational...
  • #67,358
  • Apr 17, 2013 8:37am Apr 17, 2013 8:37am
Its 930 and the DOW is opening always gyrations to be expected.

Dow is going down.
Trade smaller than rational because the market is irrational...
  • #67,359
  • Apr 17, 2013 8:53am Apr 17, 2013 8:53am
Quoting Pip Anon
Ms. Market can get down right naaaaaaasty lol
Quoting EuroTraderJD
Oh yes never forget she is a woman. How I deal with her is the MM pyramid and trade long and short. It converts her sassy ways into sweet sweet pips. I will say it until I retire in FX and am on my way. It is proven a MM pyramid with the right set of indos will generate wealth consistently regardless of up or down PA. My long @34 is now ITM The 5 & 15 SMA in relation to PA plus the RS3 on the 10M chart is the bomb. with confirmation on the 30M HSR and fibs of course.
Ms. Market loves to tease, but never delivers till she's good and ready

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Those who say it cannot be done should not interrupt those who are doing it
  • #67,360
  • Apr 17, 2013 8:58am Apr 17, 2013 8:58am
Quoting PipTrapper
Ms. Market loves to tease, but never delivers till she's good and ready {image}
LOL pretty good PT.

This is why I refer to the market as MS instead of MR.

"Fear no man and only one woman" To me that is either Ms Market or Hot Mama
Trade smaller than rational because the market is irrational...
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