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  • #494,821
  • Jul 20, 2011 10:25am Jul 20, 2011 10:25am
Quoting pipper
Midleton Rare Irish Whiskey - stuff grows hair on your chest

Bushmills single malt is my Irish choice.
  • #494,822
  • Jul 20, 2011 10:28am Jul 20, 2011 10:28am
Yes, another nice drink on a coolish evening

Quoting cloggie
Bushmills single malt is my Irish choice.
Disclaimer: Check your 1m charts
  • #494,823
  • Jul 20, 2011 10:28am Jul 20, 2011 10:28am
Thanks Cloggie.....appreicate all the info you give me...

I love this stuff but am not as profitable from it....just have not found the right tool to tweak my trading to being more successful than failing....

You get the CDS periphery on Germany on Bloomburg?
  • #494,824
  • Jul 20, 2011 10:36am Jul 20, 2011 10:36am
Quoting IMARICH1
Yea you are right sissie....

I'm trying to put this all together....with levels and ES, DOW, Gold....sigh.....cloggie has been helping me some too....

I know this isnt simple...but there is a formula to this and if you know it...you are more likly to be successful....

thanks for your help and comment.....always are welcomed!
Well mate thats a long way to go and will require a lot of work and time.

IMO first, you need to learn to crawl before you learn to walk. It sounds tempting to jump in with all this correlated market information and start trading but is not realistic or useful if you don't know what you are doing or what are you looking for..

Look Cloggie has probably been trading all these markets for years and is not shortcut to trading experience. However, if you want to have a more well-rounded approach to trading (doesn't mean that you can't make money without this or you need it for trading) you need to stop thinking in a linear way. There is not ES here therefore euro there ....it doesn't work like that.

The key issue is differentiating the different aspect that affect a currency. There are so many variables that is impossible for a retail trader to have and process all this information for trading. The best shot is diving in 3 major categories: macro numbers on each side of a pair, risk issues and others.

Only after that you can divide which factor (instruments) affect each category so finally you can have a general view on what is ruling what. For example ES (stock markets) can be leading a particular side in a particular moment or gold or oil can be leading in others, or bond markets in others and etc, etc, etc....

Well that a very broad overview, but surely we can follow later if you are interested ....

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #494,825
  • Jul 20, 2011 10:36am Jul 20, 2011 10:36am
Quoting cloggie
They are so deep underwater they need a boatload of Irish pastors and a tanker of whisky.


Not as bad as Brown's bottom though

Edit: no JP is worse by a double amount.
  • #494,826
  • Jul 20, 2011 10:36am Jul 20, 2011 10:36am
Link for CDS info. Not just the countries. Not sure if this is everything we need. It is free. Any take Cloggie?

http://www.cmavision.com/market-data
Do your time and enjoy the ride...
  • #494,827
  • Jul 20, 2011 10:36am Jul 20, 2011 10:36am
Like Father JAck?
Quoting cloggie
Make sure you get an Irish one and keep him in a good supply of whisky
  • #494,828
  • Jul 20, 2011 10:37am Jul 20, 2011 10:37am
let's get some more market predictions with alex jones...

Inserted Video
  • #494,829
  • Jul 20, 2011 10:39am Jul 20, 2011 10:39am
Defo, u can't get wrong with Bushmills
Quoting cloggie
Bushmills single malt is my Irish choice.
  • #494,830
  • Jul 20, 2011 10:43am Jul 20, 2011 10:43am
Quoting cloggie
es 1328 to the top and 1320 again, as it has been in the last few days is key for risk appetite on the dollar half of the pair, eyeballing the CDS (the cost of insuring sovereign EU debt) will show you the risk of the euro half of the pair.


Trading correlation and fundamentals is not as easy as it first seems, that's why just about every retailer here just ignores it.

It will take time to get your head around it.
cloggie iwould like to ask you what kind of instruments ( gold,es,s&p usd index ...) you watching if you are tading eur usd ? I was asking tday on threat but nobody has idea what Im asking . I mean watching corelation of instruments are very important if you trading seriously .

thanks
  • #494,831
  • Jul 20, 2011 10:48am Jul 20, 2011 10:48am
Following usdx mofu test ltl & so eu up towards 4270, gu 6174.
fontu
Attached Image (click to enlarge)
Click to Enlarge Name: eu3.gif Size: 10 KB
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,832
  • Jul 20, 2011 10:49am Jul 20, 2011 10:49am
Quoting fontu
Following usdx mofu test ltl & so eu up towards 4270, gu 6174.
fontu
Looks like we may have a potential bat forming on the 15m as well. Got to get the right wing completed though.
  • #494,833
  • Jul 20, 2011 10:55am Jul 20, 2011 10:55am
Quoting FibbinArchie
let's get some more market predictions with alex jones...

http://www.youtube.com/watch?v=zGH00MsbMV8
let's just discredit the freak a little bit more...

Inserted Video
  • #494,834
  • Edited 11:10am Jul 20, 2011 10:57am | Edited 11:10am
Quoting Venice
Looks like we may have a potential bat forming on the 15m as well. Got to get the right wing completed though.
Ok , so 4216 now +15 (usdx) x2 =4246 possible range , ok , will take care for that today & short . if works before that limited . may be a bearish butterfly then.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #494,835
  • Jul 20, 2011 10:58am Jul 20, 2011 10:58am
My new LOVE,.... EUR/NZD....
  • #494,836
  • Jul 20, 2011 11:04am Jul 20, 2011 11:04am
Quoting fontu
Following usdx mofu test ltl & so eu up towards 4270, gu 6174.
fontu
I guess not for today. We had enough move up and down.
At least it goes 4237 but not more than that.
  • #494,837
  • Jul 20, 2011 11:07am Jul 20, 2011 11:07am
Quoting kolz
I guess not for today. We had enough move up and down.
At least it goes 4237 but not more than that.
Challenge accepted!

Maybe pre-asia though. One of these nice stopout-moves
  • #494,838
  • Jul 20, 2011 11:09am Jul 20, 2011 11:09am
Quoting fontu
Ok , so 4216 now +15 (usdx) x2 =4246 possible range , ok , will take care for that today & short . if works before that limited .
fontu
mmm, I've got 1.4215 +5 (usdx) x 2 = 1.4225
maybe another level...

Attached Image
Don't be a hero. Don't have an ego. Always question yourself
  • #494,839
  • Jul 20, 2011 11:12am Jul 20, 2011 11:12am
Quoting USD-Bear
mmm, I've got 1.4215 +5 (usdx) 2 2 = 1.4225
maybe another level...

Attachment
There is a rising TL in USDX on daily. Gives 14ish pips to downside.
  • #494,840
  • Jul 20, 2011 11:12am Jul 20, 2011 11:12am
http://dixonhomestead.com/Jacque/wp-...ray-batman.JPG
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