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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #1,501
  • Oct 10, 2011 7:25am Oct 10, 2011 7:25am
Quoting GoldMan.
Let's see what NY does, bull has some weakness but too soon to get all excited and wet.
Hi GoldMan

Good to have your input, you should do it often.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,502
  • Oct 10, 2011 7:26am Oct 10, 2011 7:26am
Quoting GoldMan.
Let's see what NY does, bull has some weakness but too soon to get all excited and wet.
Bam
  • #1,503
  • Oct 10, 2011 7:28am Oct 10, 2011 7:28am
Quoting GoldMan.
Bam
Do you see what I mean, You should have more input. Tell us why did you have that perception?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,504
  • Oct 10, 2011 7:28am Oct 10, 2011 7:28am
Quoting Pbh
What's you expection of the commodity market now? I've seen a strong correlation between EURUSD, XUAUSD, and S&P500, I've never seen something like that before. I am well aware of the fundamentals and that's why I think more falls should be nonsensical (commodities).

I'd like to know your opinion as long as it's fundamental it is well recieved. You and PT are the kind of traders I'm looking up to be.

Pbh
When it comes to the subject of Gold there are many out there that have no real idea about the nature of Gold.

Bernake told Ron Paul that Gold is not a currency. He also told the world many other things. One of his best quotes was the USA has a secret weapon and that is we have a printing press.

Since 1999 Gold has been moving up and finally some are waking up and putting their faith in Gold as a true store of wealth along with Silver.

There are real experts out there concerning Gold. For my money there is Jim Sinclair of WWW.JSMINESET.COM one of the best there is on this subject.

I have met and know the Founder of Gata along with his partner Chris Powell. Gata has been trying to tell the world for the last 12 years how the FED and other central banks try to keep Gold down in value.

That game is coming to a end and the only way Gold can go now is up. James Turk of Gold Money is another prominent expert on Gold.

We can see today how Gold is moving up and that is because of the new plans for the debt crisis in Europe. They are going to use a form of QE by printing money out of thin air. As they do that they debase their fiat currencies and in compensation hard goods such as Gold and Silver go up in value to compensate.

Gold is not in a bubble and in 2012 in Asia there will be a new Gold exchange that will put Comex in a difficult position since we will move away from the paper market along with it's derivatives and have a Gold exchange backed by real Gold just like it was in the USA until Richard Milhous Nixon on August 15, 1971 told France keep your US Dollars since we are keeping our Gold. That was what caused the US Dollar to reach the stage it is at now.

The US Dollar is backed by the FED and the trust in the US Government. I think people are starting to see the Emperor has no clothes.

Fiat currencies are in a race to the bottom and one day in the Future Gold will be trading over $2000 and much higher.

I will be glad to hear comments about my post.
  • #1,505
  • Oct 10, 2011 7:34am Oct 10, 2011 7:34am
Quoting PipTrapper
Flows out of US bonds have stabilized but they haven't reversed yet.

http://www.finviz.com/futures_charts.ashx?t=BONDS&p=m5

Be careful

.
Its ok Mate,Just tested the water with 10 risk pips as am gain enough for NFP short and today long.Hopes you are going well also
If there was easy money lying around,no one would be forcing it into your
  • #1,506
  • Oct 10, 2011 7:36am Oct 10, 2011 7:36am
Quoting mla
Do you see what I mean, You should have more input. Tell us why did you have that perception?

mla
We had bull weakening (M1 - M5) before NY, it was very clear trend weakening but when NY opened there was no strong bearish movement, even a littel bullish price movement hints so that made me a bit cautious.
  • #1,507
  • Oct 10, 2011 7:38am Oct 10, 2011 7:38am
Quoting GoldMan.
We had bull weakening (M1 - M5) before NY, it was very clear trend weakening but when NY opened there was no strong bearish movement, even a littel bullish price movement hints so that made me a bit cautious.
Very refreshing as usual, are you in?

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,508
  • Edited 7:43am Oct 10, 2011 7:43am | Edited 7:43am
Quoting msood
sold one lot - trig @1.3595
Second lot sold - trig @1.3636

Buy Stop set at 1.3655 (2 lots) as potential hedge
  • #1,509
  • Oct 10, 2011 7:43am Oct 10, 2011 7:43am
Quoting mla
Very refreshing as usual, are you in?

mla
No, i did not catch that jump, stayed away.
  • #1,510
  • Oct 10, 2011 7:48am Oct 10, 2011 7:48am
Quoting GoldMan.
No, i did not catch that jump, stayed away.
So you mostly trade the 1 and 5 m charts, do you also look at the bigger TF?
You can articulate if you wish. I am interested.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,511
  • Oct 10, 2011 7:52am Oct 10, 2011 7:52am
Quoting GoldMan.
Let's see what NY does, bull has some weakness but too soon to get all excited and wet.
There is no NY today Goldman
Those who say it cannot be done should not interrupt those who are doing it
  • #1,512
  • Oct 10, 2011 7:53am Oct 10, 2011 7:53am
Quoting FXMindset
Its ok Mate,Just tested the water with 10 risk pips as am gain enough for NFP short and today long.Hopes you are going well also
I am flat today. Just a long term position short which I am monitoring. Took my profits last night.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,513
  • Oct 10, 2011 7:57am Oct 10, 2011 7:57am
Quoting PipTrapper
There is no NY today Goldman
Does not matter, he got it right,

You are such a perfectionist.

mla
"The Heart is the hub of all dances; go there and chill out"
  • #1,514
  • Oct 10, 2011 7:58am Oct 10, 2011 7:58am
Quoting mla
So you mostly trade the 1 and 5 m charts, do you also look at the bigger TF?
You can articulate if you wish. I am interested.

mla
I usually have 2 charts side by side, one is always M1 and other is most of the time M5 or H1 (sometimes something else also, depends on situation. /Also I watch MN, W1,D1 etc to determine S&D zones etc.)

This is the current look on my charts:
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  • #1,515
  • Oct 10, 2011 8:02am Oct 10, 2011 8:02am
Quoting PipTrapper
There is no NY today Goldman
Yes but strange thing is that it still works in bank holidays, it's like some kind of emotional thing that people have. That's why I don't care much about bank holidays and news, can see everything in my charts.
  • #1,516
  • Oct 10, 2011 8:08am Oct 10, 2011 8:08am
Quoting GoldMan.
Yes but strange thing is that it still works in bank holidays, it's like some kind of emotional thing that people have. That's why I don't care much about bank holidays and news, can see everything in my charts.
Finally I found somebody who thinks alike, I feel much better.
Now I can go to bed, is midnight here.
I covered 1/4 at + 32 pips and I leave the 1/4 left with my SL to BE.

All the Best.

mla
Attached Image (click to enlarge)
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"The Heart is the hub of all dances; go there and chill out"
  • #1,517
  • Oct 10, 2011 8:09am Oct 10, 2011 8:09am
Quoting mla
Finally I found somebody who thinks alike, I feel much better.
Now I can go to bed, is midnight here.
I covered 1/4 at + 32 pips and I leave the 1/4 left with my SL to BE.

All the Best.

mla
good night mla. Sleep well. Rocky week ahead
Those who say it cannot be done should not interrupt those who are doing it
  • #1,518
  • Oct 10, 2011 8:10am Oct 10, 2011 8:10am
For those of you new to this trading strategy I am sharing it here for education purposes. We each have our own style of trading that suits our personality.

The good thing about this strategy is that there is logic and real facts that go along with it.

I watch CNBC while I trade in order to follow the following Asset Classes.

At the moment the Dow Futures are UP 118

Oil is Up to $84.47 and Gold is UP to $1,665.00 and now to the most important numbers that allows us to see where the money is flowing. I choose to use the 2 Year US Bonds and the 10 Year US Bonds as they tell the picture for me. There is also 5 Years and 30 Years however I only use the 2 Year US Bonds and the 10 Year US Bonds.

Right now the Yield on the 2 Year US Bonds is .29% and the Yield on the 10 Year US Bonds is 2.07%

The spread is 178 basis points.

As the Yields go up it means that the US Bonds are going down in price.

Here is a chart of the 10 Year US Bond.

http://quotes.ino.com/chart/index.ht...t=&a=&w=&v=d12

When risk is back on as it is now the US Bonds are sold off and the US Dollars are used to buy other Asset Classes such as Euro, Oil, Gold and other currencies.

When the Dow sells off and it always does the money flow reverses as does the value of the other Asset classes. There are sometimes exceptions to the rule when major events take effect like a Swiss Bank intervention or a G-7 Intervention into the Yen.

You can watch things on Bloomberg TV from the internet if you do not have CNBC.

I will be glad to answer questions on this subject if anyone is interested in learning more.

Good trading Fellow Trader's

EUR/USD at 1.3620 and EUR/JPY is at 1.0441

Watch the Europe close near 11:00 AM to Noon as there well could be profit taking on the longs.

Watch the Dow market open to see if the Dow matches the Futures or if it sells off. These are all what I call the Fundamentals aside from news that comes out.
  • #1,519
  • Oct 10, 2011 8:11am Oct 10, 2011 8:11am
Quoting mla
Finally I found somebody who thinks alike, I feel much better.
Now I can go to bed, is midnight here.
I covered 1/4 at + 32 pips and I leave the 1/4 left with my SL to BE.

All the Best.

mla
Good night mla
  • #1,520
  • Oct 10, 2011 8:11am Oct 10, 2011 8:11am
Quoting PipTrapper
good night mla. Sleep well. Rocky week ahead
We both going to make a lot of money this week ahead, I am sure about it.

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