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EurAnalysis Kindergarten 24 replies

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  • #1,221
  • Oct 9, 2011 4:08am Oct 9, 2011 4:08am
Quoting PipTrapper
Good Euro-Sunday morning to all.

Let's see what hype Mer-k-ozy have for us today. If it's not decisive and convincing, we see a nice big gap on market open. If it is, we start to see stability till the naysayers start spewing their drivel.

Now, I am not 100% sure how this works (I'll have to do some research), but if Slovakia and Malta do not approve the EFSF expansion to €440 Bln, does that mean that the agreement is DOA, or does it mean that they don't have to contribute to it and it goes forward anyway?
If anybody knows the...
Good morning

How is the weather over there?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,222
  • Oct 9, 2011 4:12am Oct 9, 2011 4:12am
Quoting Blobik
Hello duyk20 I am not sure how to read the statement - you sounded bullish on AUDUSD to me. Am I correct, or my poor English is to blame ? I do not see strenghtening AUD without major risk-on, and I guess the markets will get truly relieved only after Greek default. Until that happens, I think the atmosphere will be rather nervous and biased towards risk-off. AUDUSD is not our main toppic, but I sometimes put my hands on it, so I got curious about your opinion
Hi Blobik, your english is totally fine I don't use guess or could or should though because I'm pretty bad at fundamental analysis. I use volume in my trading and I see volume being supported which make a temporary reversal move as we see in the last week.

My trading is pretty short-term though, unless I see some climatic action during the upmove, then, I'm still in the mood of buying on dips like what I did last week
  • #1,223
  • Oct 9, 2011 4:15am Oct 9, 2011 4:15am
Quoting PipTrapper
Interesting call duyk20, but I fail to see any rationale behind your statement.
Care to elaborate?
Ya, I care But to be honest I don't have any reason for it. Just because the big players buy it, so do I
  • #1,224
  • Oct 9, 2011 4:17am Oct 9, 2011 4:17am
Quoting duyk20
Hi Blobik, your english is totally fine I don't use guess or could or should though because I'm pretty bad at fundamental analysis. I use volume in my trading and I see volume being supported which make a temporary reversal move as we see in the last week.

My trading is pretty short-term though, unless I see some climatic action during the upmove, then, I'm still in the mood of buying on dips like what I did last week
Volume? I do you do that in forex?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,225
  • Oct 9, 2011 4:17am Oct 9, 2011 4:17am
Quoting tatul
As a medical doctor I can state that urine analysis is much more informative, precise than any analysis in the market, so I could be a billionaire if EUR/USD analysis were that easy as urine analysis is.
You can compare & contrast something like this may be easy for you :

Specific gravity : mometum of euro towards the earth , zero point/centre.

Blood/red blood cells , hemolysed or not : stop hunt with random at sr levels & where people thought not to suck blood from most traders.

Pus cells : Infective activities of the random news effects & all spikes as a result to demoralise & mental cloudiness to comatose state .

Bilirubin : The colurfull dreams while it apparently trending

Urobiligen : The dream fades away as entries too late at support levels for the rally & reverse with a false breakout .

Protein : The macro-economics interacting on the background for the movements .

Glucose : fresh stimuli injected at different times with interventions time to time .

caste : The noise of the lower tf as seen always .

water : continuous running market restless .
etc .

may be more many things to fit each other & precise & for easy informations.

Anyway , glad to meet you .
I am also in the same industry .
thanks ,
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,226
  • Oct 9, 2011 4:18am Oct 9, 2011 4:18am
Quoting mla
I do you do that in forex?
What do you mean LOL
  • #1,227
  • Oct 9, 2011 4:18am Oct 9, 2011 4:18am
Quoting PipTrapper
Now, I am not 100% sure how this works (I'll have to do some research), but if Slovakia and Malta do not approve the EFSF expansion to €440 Bln, does that mean that the agreement is DOA, or does it mean that they don't have to contribute to it and it goes forward anyway? If anybody knows the answer to that, I wold appreciate a post with a reference link.
EMU member voting has to be unanimous, but I can't find a link spelling that out. Everybody expects these holdouts to come through. It's the interbank storm abrew liable to really start to piss on the parade, imho.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,228
  • Oct 9, 2011 4:23am Oct 9, 2011 4:23am
Quoting fontu
Pus cells : Infective activities of the random news effects & all spikes as a result to demoralise & mental cloudiness to comatose state .
fontu, you are like the Paracelsus of Forex. Genius. Maybe need to get out more, just guessing, but still...thanks for that.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,229
  • Oct 9, 2011 4:23am Oct 9, 2011 4:23am
Quoting duyk20
What do you mean LOL
Never mind.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,230
  • Oct 9, 2011 4:23am Oct 9, 2011 4:23am
Quoting duyk20
Ya, I care But to be honest I don't have any reason for it. Just because the big players buy it, so do I
Considering you trade in the now, I suppose that's a good enough reason.
Everybody has their own style and as long as it works for you, that's all that matters.
Cheers
Those who say it cannot be done should not interrupt those who are doing it
  • #1,231
  • Oct 9, 2011 4:34am Oct 9, 2011 4:34am
Quoting The Fool
fontu, you are like the Paracelsus of Forex. Genius. Maybe need to get out more, just guessing, but still...thanks for that.
Thanks for the comment , yeah no more euro or urine analyses now , waiting actually for kid back home from school & a little for now . getting out......
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #1,232
  • Oct 9, 2011 4:36am Oct 9, 2011 4:36am
Quoting AaronWard
Market does not price value, only the relationship between supply and demand. Air is far more valuable than gold, but supply is abundant. So it is free.

When the demand for something increases, the supply will also increase. But supply always lags behind demand. But almost always supply will expand to meet demand, exceed it, and then the price falls.

This is the basis of bubbles. So when you look at the price of something, it is always important to look at the cost of increasing supply. And when you try to figure out the time frame this...
100% true, all depends when supply catches demand. Gold goes back to 1200 if economic conditions don't change or get better and supply and demand balances. I think it's wrong to say it is too over sold or over bought by only looking it's price, all depends what is the situation in the world. Gold has thousands of years of human trust, people always run for it if things look bad, it only can be in a bubble if people think that crisis are over and we have brighter future (demand decrease), if supply mostly comes from gold miners then we can't say it is in a bubble. Mostly it depends what people think (hold, sell or buy more?). It's a mind game.
  • #1,233
  • Oct 9, 2011 4:37am Oct 9, 2011 4:37am
Quoting duyk20
Hi Blobik, your english is totally fine I don't use guess or could or should though because I'm pretty bad at fundamental analysis. I use volume in my trading and I see volume being supported which make a temporary reversal move as we see in the last week.

My trading is pretty short-term though, unless I see some climatic action during the upmove, then, I'm still in the mood of buying on dips like what I did last week
Do you use the default volume indicator from your charts (your broker) or do you have some global forex volume indicator?
Those who say it cannot be done should not interrupt those who are doing it
  • #1,234
  • Oct 9, 2011 4:38am Oct 9, 2011 4:38am
Quoting PipTrapper
Considering you trade in the now, I suppose that's a good enough reason.
Everybody has their own style and as long as it works for you, that's all that matters.
Cheers
mm.. consider the big money that moving that market, why not track them? When we see high volume, if it's futures vol, then it's real volume, but even if it's tick volume, then it's mean there's a lot of activity. When big smart involves in the market actively which cause high volume, then we are...
My 2 cents..
  • #1,235
  • Oct 9, 2011 4:41am Oct 9, 2011 4:41am
Quoting PipTrapper
Do you use the default volume indicator from your charts (your broker) or do you have some global forex volume indicator?
I use futures volume, but I watch out spot vol in 5m, 15m tf from broker as well. Some have good volume but most are horrible ones.
  • #1,236
  • Oct 9, 2011 4:45am Oct 9, 2011 4:45am
Quoting fontu
You can compare & contrast something like this may be easy for you :

Specific gravity : mometum of euro towards the earth , zero point/centre.

Blood/red blood cells , hemolysed or not : stop hunt with random at sr levels & where people thought not to suck blood from most traders.

Pus cells : Infective activities of the random news effects & all spikes as a result to demoralise & mental cloudiness to comatose state .

Bilirubin : The colurfull dreams while it apparently trending

Urobiligen : The dream fades away as entries too late at support...
Hi Fontu,
pleased to meet you too... Of course there are many similarities between medicine and trading, and the need to analyze a huge amount of information and make quick decisions (that can be fatal for a patient or your account), use of statistics, among others, and I believe that the experience we have in medicine can be very useful in trading... We have skills that many other traders don't...

So good luck to healthcare specialists in Forex!!!

Best,
  • #1,237
  • Oct 9, 2011 4:48am Oct 9, 2011 4:48am
Quoting duyk20
mm.. consider the big money that moving that market, why not track them? When we see high volume, if it's futures vol, then it's real volume, but even if it's tick volume, then it's mean there's a lot of activity. When big smart involves in the market actively which cause high volume, then we are...
My 2 cents..
I do watch tick volume but only as a gauge to validate the credibility of harmonic patterns. However, I never counter trend and I trade mostly in H1 and forecast in H4 and above with fundamental confluence. That's my style

Anyway, welcome to EurAnalysis.
If you haven't already done so, please read page 1 of this thread in order to better familiarize yourself with the objectives and rules.
Looking forward to more posts from you if you care to participate.
If not, thanks for your comments thus far and best of luck.
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #1,238
  • Oct 9, 2011 4:54am Oct 9, 2011 4:54am
Quoting tatul
Hi Fontu,
pleased to meet you too... Of course there are many similarities between medicine and trading, and the need to analyze a huge amount of information and make quick decisions (that can be fatal for a patient or your account), use of statistics, among others, and I believe that the experience we have in medicine can be very useful in trading... We have skills that many other traders don't...

So good luck to healthcare specialists in Forex!!!

Best,
Yes, this breed of trader is actually a troubleshooter and analyst. It doesn't have to be a medical pro, but rather any profession that employs similar methods of analysis.

If a patient were to walk in to your clinic with an ailment, the patient's description of what is wrong would be very vague. It is up to you to ask the right questions and conduct the appropriate tests.

Same applies to forex. Current price is the patient's condition. Now you just need to know why and if it is going to get worse or better. The only difference is that you cannot prescribe any medicine to the patient. LOL

ADD: By the way tatul. Welcome to EurAnalysis.
Obviously you have already read page 1 so that's great.
Looking forward to your future participation.
Cheers
PT

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,239
  • Oct 9, 2011 5:09am Oct 9, 2011 5:09am
Quoting GoldMan.
100% true, all depends when supply catches demand. Gold goes back to 1200 if economic conditions don't change or get better and supply and demand balances. I think it's wrong to say it is too over sold or over bought by only looking it's price, all depends what is the situation in the world. Gold has thousands of years of human trust, people always run for it if things look bad, it only can be in a bubble if people think that crisis are over and we have brighter future (demand decrease), if supply mostly comes from gold miners then we can't say...
I agree. you can't really call anything a bubble until it bursts. And really, who cares. If you can sell it for more than you bought it, or if you are a happy owner at the price you paid...

Gold is a safe haven with one key Achilles heel...it is also a commodity. When things are pretty bad, people buy. When things are really bad, they sell.

Many trends show very similar patterns when they reverse or correct sharply. The movement becomes very sharp (in the direction of the trend), and then it becomes very volatile. This perfectly describes gold between 1700 and 1900.

And yes, PT, this is relevant because the most important question we need to ask ourselves is...Has the downward trend of the Euro ended.
Kill the ego, or it will kill the mission.
  • #1,240
  • Oct 9, 2011 5:10am Oct 9, 2011 5:10am
Quoting PipTrapper
Yes, this breed of trader is actually a troubleshooter and analyst. It doesn't have to be a medical pro, but rather any profession that employs similar methods of analysis.

If a patient were to walk in to your clinic with an ailment, the patient's description of what is wrong would be very vague. It is up to you to ask the right questions and conduct the appropriate tests.

Same applies to forex. Current price is the patient's condition. Now you just need to know why and if it is going to get worse or better. The only difference is that you cannot...
Thanks, Pip Trapper!
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