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EurAnalysis Kindergarten 24 replies

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  • #68,021
  • Jul 10, 2013 6:23pm Jul 10, 2013 6:23pm
Quoting halkins
{quote} Hey... it's not the end of this month yet... I was "underwater" yesterday, but regained my lose today. If I only took the risk and have left my LONGs opened, I would be very very very happy. But I didn't
Too bad Halkins ! You was able to predict floor & bounce and deserved these 400 pips for that !
  • #68,022
  • Jul 10, 2013 6:26pm Jul 10, 2013 6:26pm
Quoting BoringIsGood
Bear market rallies are always the worst. Or in the fortunate ones case, the best. That weekly bar that is shaping up on the euro is not pleasant for the bears, no doubt. But it'll actually take more than that to shake me out. I guess I'm a "true believer". LOL
This is what happened to most Euro bears today...
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But not me (apparently not you either)
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,023
  • Jul 10, 2013 6:28pm Jul 10, 2013 6:28pm
Quoting Delta1One
{quote} Hi Halkins, Did you trade your initial plan? that one with a bounce from low to high before the wheee ? In that initial move plan, I see 401 pips in my D1 chart from low 1.27636 to current H 1.31648: 401 pips in 24 hours, that's a rally, more, a U turn. BB has definitely more power than Draghi chart moving game. Looking closer to my charts, 1.27636 seems to match with CNY less good Trade Balance release, only 0.7B less than expected. Less business, less USD demand, so USD weaked against EUR ? Looks like a doji on that release.
Yes,,, I did, but I closed my trades before Ben Bernanke.
You never know which direction it goes.
Sometimes it starts rallying NORTH when he starts his speech, and then fall down like hell when he's finished.
Today's movement is really strange. I can't see many of them, so powerful, on my charts.
Wait until dust settle, probably until tomorrow, London opening ...
Read Charts - Not Papers
  • #68,024
  • Jul 10, 2013 6:30pm Jul 10, 2013 6:30pm
Quoting PipTrapper
{quote} This is what happened to most Euro bears today... But not me (apparently not you either) {image}



  • #68,025
  • Jul 10, 2013 6:31pm Jul 10, 2013 6:31pm
Quoting Delta1One
{quote} Too bad Halkins ! You was able to predict floor & bounce and deserved these 400 pips for that !
No... Even if I stayed in the trade I would have jumped OFF much earlier, as it would be so hard for me to believe price can go so high in one go...
Read Charts - Not Papers
  • #68,026
  • Jul 10, 2013 6:31pm Jul 10, 2013 6:31pm
Quoting halkins
{quote} Yes,,, I did, but I closed my trades before Ben Bernanke. You never know which direction it goes. Sometimes it starts rallying NORTH when he starts his speech, and then fall down like hell when he's finished. Today's movement is really strange. I can't see many of them, so powerful, on my charts. Wait until dust settle, probably until tomorrow, London opening ...
I've seen this before. Admittedly its not common, but short coverings on the Euro (or stop hunts) can be quite wild.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,027
  • Jul 10, 2013 6:36pm Jul 10, 2013 6:36pm
Quoting PipTrapper
{quote} I've seen this before. Admittedly its not common, but short coverings on the Euro (or stop hunts) can be quite wild.
Yeeeeeeeeehhhhh.... This BULL must be on VIAGRA...
Look on 4H chart
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Read Charts - Not Papers
  • #68,028
  • Jul 10, 2013 6:42pm Jul 10, 2013 6:42pm
Quoting PipTrapper
{quote} . Hi Delta, The weak China trade data (at least in exports anyway) would only help the USD and not weaken it. The reason for the weakening of the USD is the market's perception that the Fed is not going to taper off QE in the near future. They base this perception on a comment taken out of context in an answer to a question he was asked at a conference. It actually worked out very well because the bullish trade on the USD was crowded and needed some relief. So now that we've got a nice correction, in a few days (possibly next week, or maybe...
Hi TP, okay I see. However, I was thinking anyone willing to buy goods from China would need to buy USD to pay, rather than holding CNY accounts....and this demand would go down with less business. So I went trough a few CNY news on this website and looking closer on H4 found a doji on that particular release. This is how I came up with this. Wanted to find out a bit more about the initial signal of this move. I also remember someone in one of the threads here talking about his CNY release to go long...that also why
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  • #68,029
  • Jul 10, 2013 7:06pm Jul 10, 2013 7:06pm
? Is PT's trading station fully automated ? I see his "Return this month" slightly picking-up while he said he was packing up for the night ? Seems to be a correlation with EURUSD slightly heading south atm....
  • #68,030
  • Jul 10, 2013 7:25pm Jul 10, 2013 7:25pm
Quoting Delta1One
? Is PT's trading station fully automated ? I see his "Return this month" slightly picking-up while he said he was packing up for the night ? Seems to be a correlation with EURUSD slightly heading south atm....

Open positions
  • #68,031
  • Jul 10, 2013 8:45pm Jul 10, 2013 8:45pm
SPX 500 is really BULL shit... !
  • #68,032
  • Edited 3:18am Jul 11, 2013 3:06am | Edited 3:18am
Quoting andan
SPX 500 is really BULL shit... !
I hear you. I am short at 1642.9 and 1660.0
Both are underwater, but I am holding them and targeting 1475 area with a stop on a weekly close basis above 1700
Those who say it cannot be done should not interrupt those who are doing it
  • #68,033
  • Jul 11, 2013 3:09am Jul 11, 2013 3:09am
Quoting Delta1One
? Is PT's trading station fully automated ? I see his "Return this month" slightly picking-up while he said he was packing up for the night ? Seems to be a correlation with EURUSD slightly heading south atm....
When I pack it in, I don't close my trades. I use very sound money management techniques that allow me to leave open positions without worry.
I use the sleep test to determine if I should leave a trade open. If I can't sleep, I get up and close it

Last night, I left all my trades open and today I am only 1.1% underwater compared to as high as 3.3% yesterday.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,034
  • Jul 11, 2013 3:35am Jul 11, 2013 3:35am
Quoting PipTrapper
{quote} I hear you. I am short at 1642.9 and 1660.0 Both are underwater, but I am holding them and targeting 1475 area with a stop on a weekly close basis above 1700
but i will hold on my short @1650 because my equity very very very strong to fight the BULL shit.
  • #68,035
  • Jul 11, 2013 3:38am Jul 11, 2013 3:38am
Quoting andan
{quote} but i will hold on my short @1650 because my equity very very very strong to fight the BULL shit.
If we get a good US unemployment claims number today (below 345K), we should see the USD regain some ground and maybe cap this SPX500 BULLshit train.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,036
  • Jul 11, 2013 4:49am Jul 11, 2013 4:49am
Quoting PipTrapper
{quote} If we get a good US unemployment claims number today (below 345K), we should see the USD regain some ground and maybe cap this SPX500 BULLshit train.
thanks PT,
i know you are a very good fundamental analysis
  • #68,037
  • Jul 11, 2013 5:12am Jul 11, 2013 5:12am
PT Hi! I wonder this EURNZD are able to continue to go down to the base price of 1.49 xxx and I attach a picture here!
Sincerely Nappenbir

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  • #68,038
  • Jul 11, 2013 5:47am Jul 11, 2013 5:47am
Hi guys...
Anybody else seeing a bullish continuation flag pattern forming ?
Hmmm... Is this only me?

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  • #68,039
  • Jul 11, 2013 6:02am Jul 11, 2013 6:02am
Quoting halkins
Hi guys... Anybody else seeing a bullish continuation flag pattern forming ? Hmmm... Is this only me? {image}
Price bounced off the 50% of the Bernake move (12843-13205). Break of descending TL might be good for retest near highs, mental stops below fib.
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  • #68,040
  • Jul 11, 2013 7:11am Jul 11, 2013 7:11am
Wow, what a move made by the EURO.... any idea why a 400 pip move so sharpish? Was it all to do with the FOMC and BB or something else I'm missing?
Cheers!!
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