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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #941
  • Oct 7, 2011 4:19am Oct 7, 2011 4:19am
Quoting mla
What time does come out?

mla
8:30am New York time
1:30pm London time
2:30pm Frankfurt time
Those who say it cannot be done should not interrupt those who are doing it
  • #942
  • Oct 7, 2011 4:20am Oct 7, 2011 4:20am
Quoting mla
A possible double bottom bull flag forming.

mla
broke it
Those who say it cannot be done should not interrupt those who are doing it
  • #943
  • Oct 7, 2011 4:23am Oct 7, 2011 4:23am
If we break below 1.3395 and hold there, we are back in bear territory.

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Those who say it cannot be done should not interrupt those who are doing it
  • #944
  • Oct 7, 2011 4:23am Oct 7, 2011 4:23am
Quoting PipTrapper
broke it
not yet.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #945
  • Oct 7, 2011 4:27am Oct 7, 2011 4:27am
Summer of Banking Delusion Brings Crisis to Europe’s Core: View

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Those who say it cannot be done should not interrupt those who are doing it
  • #946
  • Edited 4:28am Oct 7, 2011 4:27am | Edited 4:28am
Quoting mla
A possible double bottom bull flag forming.

mla
IMO patterns in lower time frames are not very reliable.

Unless used for scalping
  • #947
  • Oct 7, 2011 4:28am Oct 7, 2011 4:28am
Quoting PipTrapper
If we break below 1.3395 and hold there, we are back in bear territory.

.
gold levels broken.

oil double top.
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Have I got something on my face, SOLDIER?
  • #948
  • Oct 7, 2011 4:29am Oct 7, 2011 4:29am
Quoting Gofer Pips
IMO patterns in lower time frames are not very reliable.
sorry disagree

mla
"The Heart is the hub of all dances; go there and chill out"
  • #949
  • Oct 7, 2011 4:29am Oct 7, 2011 4:29am
Quoting PipTrapper
If you want to trade a pair which is more closely correlated to Oil, take a look at USD/CAD. As Oil gains, so does CAD. I am not sure because I haven't looked but I believe the same applies to the AUD
Actually, AUD seems to follow oil more and CAD to act more as EUR/USD for me. But its just me.

I am noticing the same "risk on risk off phenomenon". The problem is, I can't find anything that would not follow this too easily. USD/JPY is somewhat resisting to follow EUR/USD, and some minor currencies sometimes change things too. And CHF pairs, since they are artificially manipulated.

But, truly, something that would have small correlation with risk-on, risk-off would be appreciated...

edit: Or, maybe I spotted sth - corn and wheat seem somewhat resistant, since they just keep falling most of the time But I guess I spotted sth too lately as usually...
  • #950
  • Oct 7, 2011 4:37am Oct 7, 2011 4:37am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
Summer of Banking Delusion Brings Crisis to Europe’s Core: View

.
Problem is that even AAA-rated countries in EU has a bad economy and negative budjet. Now EU wants to keep Greece, Ireland and Portugal in EURO and also there is a big risk about Spain and Italy as well.

They are trying to solve problem by creating an emergency fund for countries in trouble, what is formed from budgets of AAA-rated members - which will raise their dept as well and bring their economies to same situation as current problem countries.

This is not a way to solve problem. According to EU law - every member has an responsability about their own economy. They should tighten up belt instead of loaning more money.
  • #951
  • Oct 7, 2011 4:48am Oct 7, 2011 4:48am
Quoting Gofer Pips
IMO patterns in lower time frames are not very reliable.

Unless used for scalping
mla does a great job trading the 5m

I guess you can call it scalping but he often manages to grap 50 to 100 pips per trade.

I've seen him do it in Buma's thread.

I have to say, it's not for me. I'd have anxiety attacks all day. My health is more important than money
Those who say it cannot be done should not interrupt those who are doing it
  • #952
  • Oct 7, 2011 4:51am Oct 7, 2011 4:51am
Quoting PipTrapper
mla does a great job trading the 5m

I guess you can call it scalping but he often manages to grap 50 to 100 pips per trade.

I've seen him do it in Buma's thread.

I have to say, it's not for me. I'd have anxiety attacks all day. My health is more important than money
Just drink Laphroaig whisky, I am sure Bill can help you with that.

Bears are pushing down and gaining ground to test the low extreme.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #953
  • Oct 7, 2011 4:53am Oct 7, 2011 4:53am
Quoting Blobik
Actually, AUD seems to follow oil more and CAD to act more as EUR/USD for me. But its just me.

I am noticing the same "risk on risk off phenomenon". The problem is, I can't find anything that would not follow this too easily. USD/JPY is somewhat resisting to follow EUR/USD, and some minor currencies sometimes change things too. And CHF pairs, since they are artificially manipulated.

But, truly, something that would have small correlation with risk-on, risk-off would be appreciated...

edit: Or, maybe I spotted sth - corn and wheat seem...

EUR/JPY is a perfect risk-on/risk-off trade
Especially when Europe is under high risk

ADD: At the end of every risk-on period, short the EUR/JPY
Check out the daily.

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Those who say it cannot be done should not interrupt those who are doing it
  • #954
  • Oct 7, 2011 4:56am Oct 7, 2011 4:56am
Here is the ichimoku view:
FAT kumo gone on m15, still fat on m30, but below pa, chikou span not giving up yet... h4 is a resistance kumo, h1 is support.

To me it looks like a sell.
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Have I got something on my face, SOLDIER?
  • #955
  • Oct 7, 2011 5:00am Oct 7, 2011 5:00am
Quoting PipTrapper
mla does a great job trading the 5m

I guess you can call it scalping but he often manages to grap 50 to 100 pips per trade.

I've seen him do it in Buma's thread.

I have to say, it's not for me. I'd have anxiety attacks all day. My health is more important than money
That's great. My day may only last 15 minutes of trading/day if I can open and close 3 positions!

More time to play!
  • #956
  • Oct 7, 2011 5:02am Oct 7, 2011 5:02am
Quoting Gofer Pips
That's great. My day may only last 15 minutes of trading/day if I can open and close 3 positions!

More time to play!
... and in that 15 mins I may have a stroke
Those who say it cannot be done should not interrupt those who are doing it
  • #957
  • Oct 7, 2011 5:06am Oct 7, 2011 5:06am
Prices are going no where, she is waiting for the news release.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #958
  • Oct 7, 2011 5:08am Oct 7, 2011 5:08am
Hey guys,

"The ECB said yesterday it will reintroduce yearlong loans, giving banks access to unlimited cash through January 2013"

http://www.bloomberg.com/news/2011-1...t-default.html

Any idea of how they came up with this interpretation?
Kill the ego, or it will kill the mission.
  • #959
  • Oct 7, 2011 5:12am Oct 7, 2011 5:12am
Time to take a nap and trade after NFP dust settles
  • #960
  • Oct 7, 2011 5:19am Oct 7, 2011 5:19am
Quoting PipTrapper
... and in that 15 mins I may have a stroke
Every one should trade the way that relates to his own personality. If I have to trade a TF larger then 5m, I definitely will loose money because I will be sleeping.


mla
"The Heart is the hub of all dances; go there and chill out"
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