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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #69,921
  • Sep 19, 2013 5:45am Sep 19, 2013 5:45am
Hello D H T

Man the EUR/YEN Beast been running a riot tonight.

Hope we get a retrace soon:nerd:
  • #69,922
  • Sep 19, 2013 5:54am Sep 19, 2013 5:54am
Quoting eliteincome
Hello D H T Man the EUR/YEN Beast been running a riot tonight. Hope we get a retrace soon:nerd:
You and me both buddy! Lol
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,923
  • Sep 19, 2013 6:02am Sep 19, 2013 6:02am
Heads up stan druckenmiller about to come on cnbc now, worth paying attention to his comments on fed actions....
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,924
  • Sep 19, 2013 6:02am Sep 19, 2013 6:02am
E/U short 1,3557 TP 1.3470
Per aspera ad astra
  • #69,925
  • Sep 19, 2013 6:09am Sep 19, 2013 6:09am
Quoting eliteincome
Hello D H T Man the EUR/YEN Beast been running a riot tonight. Hope we get a retrace soon:nerd:

hi Elite and friends,

EJ is now at a major high but not done yet... I've got 134.50 as a target but this wave could easily go beyond. Have a look at the 1-2 base built since the 14th. Now in wave 3 and more upside to come. If this instrument wasn't so maxed out to the upside I'd have longed it since June, yet somehow it keeps pushing higher. The fact that BoJ clearly are adding Yen to the money base by the minute doesn't help...

reminds me of the Dow or S&P that make 5 clear waves up then pull back a little to get some indicator room and do it all over again.

I used to have a good account balance before I got involved with these Yen pairs... now it's all revenge trading which doesn't promote profits either...
cryptocurrency everytime
  • #69,926
  • Sep 19, 2013 6:13am Sep 19, 2013 6:13am
Quoting venzen
{quote} hi Elite and friends, EJ is now at a major high but not done yet... I've got 134.50 as a target but this wave could easily go beyond. Have a look at the 1-2 base built since the 14th. Now in wave 3 and more upside to come. If this instrument wasn't so maxed out to the upside I'd have longed it since June, yet somehow it keeps pushing higher. The fact that BoJ clearly are adding Yen to the money base by the minute doesn't help... reminds me of the Dow or S&P that make 5 clear waves up then pull back a little to get some indicator room and...
I used to have a good account balance before I got involved with these Yen pairs... now it's all revenge trading which doesn't promote profits either...
time to head west....
  • #69,927
  • Sep 19, 2013 6:14am Sep 19, 2013 6:14am
Quoting jpadvisor
E/U short 1,3557 TP 1.3470
this is the chart
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 23 KB
Per aspera ad astra
  • #69,928
  • Sep 19, 2013 6:18am Sep 19, 2013 6:18am
Quoting jpadvisor
E/U short 1,3557 TP 1.3470

hi jp, what influenced your decision to short EU?
cryptocurrency everytime
  • #69,929
  • Sep 19, 2013 6:19am Sep 19, 2013 6:19am
Quoting theDHT
Heads up stan druckenmiller about to come on cnbc now, worth paying attention to his comments on fed actions....
Druckenmiller bitch slapping bernanke!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,930
  • Sep 19, 2013 6:20am Sep 19, 2013 6:20am
Quoting TraderPablo
{quote} I used to have a good account balance before I got involved with these Yen pairs... now it's all revenge trading which doesn't promote profits either... time to head west....

TP, i think so too. I now scalp XAU and XAG for a living. And one pro-trend position: long GU
cryptocurrency everytime
  • #69,931
  • Sep 19, 2013 6:23am Sep 19, 2013 6:23am
Quoting theDHT
{quote} Druckenmiller bitch slapping bernanke!
Bernanke's prayer before the conference
"I'm just a man who's intentions are good, oh lord! Please don't let me be misunderstood"

... I think the lord was out playing golf at that moment in time.... Lol
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,932
  • Sep 19, 2013 6:24am Sep 19, 2013 6:24am
Quoting jpadvisor
{quote} this is the chart {image}
reason to go south?
  • #69,933
  • Edited 8:49am Sep 19, 2013 6:25am | Edited 8:49am
Quoting venzen
{quote} hi jp, what influenced your decision to short EU?

The bearish engulfing followed by an inverted hammer. Also fundamental considerations.
Per aspera ad astra
  • #69,934
  • Sep 19, 2013 6:29am Sep 19, 2013 6:29am
Quoting venzen
{quote} hi Elite and friends, EJ is now at a major high but not done yet... I've got 134.50 as a target but this wave could easily go beyond. Have a look at the 1-2 base built since the 14th. Now in wave 3 and more upside to come. If this instrument wasn't so maxed out to the upside I'd have longed it since June, yet somehow it keeps pushing higher. The fact that BoJ clearly are adding Yen to the money base by the minute doesn't help... reminds me of the Dow or S&P that make 5 clear waves up then pull back a little to get some indicator room and...

hold on... that's not a 1-2 base in EJ... that's A-B and the wave up is C.... EJ may be done for now. Confirmation will be dropping below the TL connecting the last two minor tops currently around 133.85

Doing that would initiate an insightful correction. Failure to do that means continuation.
cryptocurrency everytime
  • #69,935
  • Sep 19, 2013 6:30am Sep 19, 2013 6:30am
Quoting venzen
{quote} TP, i think so too. I now scalp XAU and XAG for a living. And one pro-trend position: long GU

V, i personally just trade one pair for the time being eu/usd..... keeps me busy all day....n night = applies to day n night...
  • #69,936
  • Sep 19, 2013 6:30am Sep 19, 2013 6:30am
Quoting venzen
{quote} hi jp, what influenced your decision to short EU?
may be consolidation followed to GU?
  • #69,937
  • Sep 19, 2013 6:31am Sep 19, 2013 6:31am
Quoting venzen
{quote} hold on... that's not a 1-2 base in EJ... that's A-B and the wave up is C.... EJ may be done for now. Confirmation will be dropping below the TL connecting the last two minor tops currently around 133.85 Doing that would initiate an insightful correction. Failure to do that means continuation.
It also seems to be stalling out at the 127 ext
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,938
  • Sep 19, 2013 6:36am Sep 19, 2013 6:36am
Quoting theDHT
{quote} Just wanna chime in here with a couple of points to add to your excellent analysis, and add a little more color on some of your points " Without QE the 10 year rates would be hovering between 4 and 6%" - the fed has tried extremely hard to keep a lid on the interest rates bu deploying a zero interest rate policy, but if one looks back through history, it is plain to see, that the fed exercises almost zero influence on far end of the yield curve (7+ years)... I expect that with Bens recent actions, the yield curve will start to steepen...


good interpretation.....
Bismillah
  • #69,939
  • Sep 19, 2013 6:43am Sep 19, 2013 6:43am
Druckenmiller: Fed lost chance for a 'freebie' in not tapering

http://www.cnbc.com/id/101046576
Those who say it cannot be done should not interrupt those who are doing it
  • #69,940
  • Sep 19, 2013 6:44am Sep 19, 2013 6:44am
Quoting jpadvisor
{quote} The bearish engulfing followed by an inverted hammer. Aldo fundamental considerations.

ok, thanks for saying. I see it is making a correction and you have shorted into wave C to the downside (which is a good entry, BTW). Your target also matches the EW target (1.618 extention of wave A to 1.3470) if my count is correct. Hopefully the monthly R2 at 1.3500 doesn't bounce the decline.
cryptocurrency everytime
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