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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #71,321
  • Dec 6, 2013 6:36am Dec 6, 2013 6:36am
Quoting tradercnx
{quote} around the 1.3770 area if it can get through 1.3710 and show good momentum. Thoughts on this? But I do think very soon it's going to top out and go much lower. I think around mid Jan it will top out.
My thoughts are that if we break and hold above the 3830 highs, we're heading for 1.42/1.44 area... maybe even higher before the big fall comes.
But yeah absolutely. I agree that next year should be very USD bullish and not so good for Euro across the board either.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,322
  • Dec 6, 2013 6:38am Dec 6, 2013 6:38am
GBP seems to be less manipulated than overconfident euro and seems to be already starting to correct this upmove. At least on m5 chart.
"I know one thing, that I know nothing." Sokrates
  • #71,323
  • Dec 6, 2013 6:40am Dec 6, 2013 6:40am
Quoting Tom_D_Trader
GBP seems to be less manipulated than overconfident euro and seems to be already starting to correct this upmove. At least on m5 chart.
GBP is in the Twilight zone. The strength has come to an end. However, if USD weakens, then obviously we will see new GBP highs.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,324
  • Dec 6, 2013 6:43am Dec 6, 2013 6:43am
What is Twilight zone? Thought that is some gayish vampire movie. . Chach. Yep, if we get another dose of hopium out of disappointed data, GU will get hit twice more than EU. Hope that wont happen, as I got positions even there. Low leverage though, I aint watching that pair much.
"I know one thing, that I know nothing." Sokrates
  • #71,325
  • Dec 6, 2013 6:46am Dec 6, 2013 6:46am
Good day.

PT note Euro Vix
interesting not sure what to make of it yet but will begin monitoring to see if it shows any sign of being a signal.
Attached Image (click to enlarge)
Click to Enlarge Name: EU Volatility Index (DEC-13).png Size: 13 KB
  • #71,326
  • Dec 6, 2013 6:50am Dec 6, 2013 6:50am
VIX is volatility index. It is even written there. Nothing more, nothing less. If I were faster, would be using it for scalping. The higher the index, the better scalping paradise. You can see we are in chop whole week like 1,353 - 1,362 (till Draghi yesterday) and that is why your index is bullish. If you can scalp, you can see using index, we are about to get chop and start your trading plan.

edit: btw, that GBP correction is really starting.
"I know one thing, that I know nothing." Sokrates
  • #71,327
  • Dec 6, 2013 6:55am Dec 6, 2013 6:55am
once again, all the action is in UJ. LOL. Only 35 minutes left!
Twitter: @TrendersGame
  • #71,328
  • Dec 6, 2013 6:56am Dec 6, 2013 6:56am
You still hold 101,8? I was waiting for 99,95. Silly, I know.
"I know one thing, that I know nothing." Sokrates
  • #71,329
  • Dec 6, 2013 6:57am Dec 6, 2013 6:57am
EU 4H

Looking to swing low to 1.36 / 1.358 area before it goes up

Lets see what NFP brings us
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H.png Size: 27 KB
  • #71,330
  • Dec 6, 2013 6:58am Dec 6, 2013 6:58am
Quoting Tom_D_Trader
You still hold 101,8? I was waiting for 99,95. Silly, I know.


yea I did a minor strategy shift, trying to diversify more by dollar longs. so cut back eur shorts and added jpy and aud shorts.

really want to add to usdcad on pull back
Twitter: @TrendersGame
  • #71,331
  • Dec 6, 2013 7:00am Dec 6, 2013 7:00am
Whoa, now this is starting to be wild. Think am gonna make loads of coffee and delete SL. Do not do this at home.
edit: I mean GBP, it is very fast moving.
"I know one thing, that I know nothing." Sokrates
  • #71,332
  • Dec 6, 2013 7:01am Dec 6, 2013 7:01am
Quoting Tom_D_Trader
VIX is volatility index. It is even written there. Nothing more, nothing less. If I were faster, would be using it for scalping. The higher the index, the better scalping paradise. You can see we are in chop whole week like 1,353 - 1,362 (till Draghi yesterday) and that is why your index is bullish. If you can scalp, you can see using index, we are about to get chop and start your trading plan.


So what’s your plan? Are you going to hedge or move SL? Data can be tricky but for overall good it better is 200K as some predictions. I’m short and also wondering what to do:
1) 1.3641
2) 1.3643
3) 1.3670

I’m moving everything to close at 1.3650 and then re-enter if NFP good, however it may happen the same as it did yesterday with move downside and then huge spike up. So I target 1.3650 for all three to close.
  • #71,333
  • Dec 6, 2013 7:04am Dec 6, 2013 7:04am
no NFP numbers game ?
  • #71,334
  • Dec 6, 2013 7:07am Dec 6, 2013 7:07am
Quoting mario83
So what’s your plan? Are you going to hedge or move SL?
Am 40:1, deleted SL and no hedge. Am just gonna analyze data and decide after release. I can mentally survive spikey up to 1,37, but that will be the case very very close to heartattack. As I ve said, do not do this at home and just watch me burn .
edit: btw Mario, if we get like 200NFP, me thinks 1,365 TP is too close, as this could very well tank. Just saying.
"I know one thing, that I know nothing." Sokrates
  • #71,335
  • Dec 6, 2013 7:07am Dec 6, 2013 7:07am
Scenario 1: Bad data, yen strong, indexes weak, dollar weak then strong.

Scenario 2: good data, yen weak, indexes strong,dollar strong

Scenario 3: no changes, Holy Molly
Don't believe me just watch!
  • #71,336
  • Dec 6, 2013 7:16am Dec 6, 2013 7:16am
EURUSD possible huge level 1.3705.
Don't believe me just watch!
  • #71,337
  • Dec 6, 2013 7:22am Dec 6, 2013 7:22am
I don't know what is the reason, but my opinion by looking at price action, it will same with yesterday. Good news for US, EU drop down but flying up after that...hehehe
  • #71,338
  • Dec 6, 2013 7:24am Dec 6, 2013 7:24am
Quoting JimmyC
Good day. PT note Euro Vix interesting not sure what to make of it yet but will begin monitoring to see if it shows any sign of being a signal. {image}
It's normal for VIX to tremble a bit before event risks. Anything over 20 and I would start watching, but where it is now is not out of the ordinary IMO.
Those who say it cannot be done should not interrupt those who are doing it
  • #71,339
  • Dec 6, 2013 7:30am Dec 6, 2013 7:30am
Whoa that 7%.
edit: and rofl GBP - do you see that TANK? Quite a big one. Oh, why do I have such low leverage there.... Could be sweet.
edit: I wonder who the feck is still buying it. Should be like ,358 now.
edit: and GZ Mario
"I know one thing, that I know nothing." Sokrates
  • #71,340
  • Dec 6, 2013 7:31am Dec 6, 2013 7:31am
Quoting Tom_D_Trader
{quote} Am 40:1, deleted SL and no hedge. Am just gonna analyze data and decide after release. I can mentally survive spikey up to 1,37, but that will be the case very very close to heartattack. As I ve said, do not do this at home and just watch me burn . edit: btw Mario, if we get like 200NFP, me thinks 1,365 TP is too close, as this could very well tank. Just saying.
closed them at 3640 nice nice good numbers, taper-on!
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