EurAnalysis | Page 127 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #2,521
  • Oct 13, 2011 10:59am Oct 13, 2011 10:59am
Quoting drtorque
Y'all went long then?
nah, im no longer biased with direction,

i trade the hell thats there, and turn it into paradise

both long and short,

HEY, dont let ANY of us get into your bias or non-bias or bias your thoughts about bias, coz bias is destructive, and coz bias is bad... and destructive... and bad... and destructive.

Do what YOU think is best for YOUR needs
Have I got something on my face, SOLDIER?
  • #2,522
  • Oct 13, 2011 11:00am Oct 13, 2011 11:00am
Would leaving tomorrow morning @ Tokyo Open,So am share the daily outlook progress so far..hopes this help,I wont going Long now..Prepare my short limit @ 13880 and Stop @ 13895

Good Luck all & Trade Safe
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily White Version.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #2,523
  • Oct 13, 2011 11:01am Oct 13, 2011 11:01am
Quoting drtorque
Y'all went long then?
Not me. I won't be looking for long positions this far up. I buy low and sell high. This is high.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,524
  • Oct 13, 2011 11:09am Oct 13, 2011 11:09am
Quoting AaronWard
So I have two questions

1. Do you think we can safely discount these predictions?

2. How much of the market is driven by speculation and how much of it is driven by commerce?
I make predictions about where I think the rate will move: the shorter the horizon, the more I care about those numbers. Since I am a scalper mostly, predictions for anything over a day are pretty much academic.

re: speculation - spot fx is almost all speculation. I have seen various experts say anywhere from 60% to 99% (latter case Ashraf Laidi, who I think is very very sharp)

in futures, its the same. Spot oil? probably almost no oil is delivered from spot transactions, statistically speaking. If you are a big refinery you are negotiating with a supplier for bulk deliveries at a competitive price....said price based on discovery from spot & futures markets.

http://en.wikipedia.org/wiki/Foreign_exchange_market

This is old (2007) information, but it has not changed very much proportionally, I bet:

"The $3.98 trillion break-down is as follows:

  1. $1.490 trillion in spot transactions
  2. $475 billion in outright forwards
  3. $1.765 trillion in foreign exchange swaps
  4. $43 billion Currency swaps
  5. $207 billion in options and other products"

The banks deal directly with each other with swaps - note that is the biggest part of the fx market. The spot fx market exists for speculation and price discovery.

"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,525
  • Oct 13, 2011 11:10am Oct 13, 2011 11:10am
I am in short at 1.3776 small position in hope to pick up alot of pips, will move to BE when we clear 1.3741, SL at 1.3800. If it hits SL will chum waters with another short
  • #2,526
  • Oct 13, 2011 11:19am Oct 13, 2011 11:19am
Attached some chart pattern and Bar chart Indication for knowledge which am using for approach the market also..not so much but hopes thats can be help,Just try my best to contribute in piptrapper thread
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 247189_1386200393234_1778785924_666922_6373694_n.jpg Size: 45 KB
Click to Enlarge Name: 247189_1386200553238_1778785924_666926_6178810_n.jpg Size: 41 KB
Click to Enlarge Name: 251163_1386206193379_1778785924_666956_8075258_n.jpg Size: 39 KB
Click to Enlarge Name: 341230_1531200498146_1778785924_800644_2117241241_o.jpg Size: 40 KB
Click to Enlarge Name: 341230_1531200538147_1778785924_800645_779712431_o.jpg Size: 40 KB
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #2,527
  • Oct 13, 2011 11:23am Oct 13, 2011 11:23am
Quoting PipTrapper
Not me. I won't be looking for long positions this far up. I buy low and sell high. This is high.
There're no overbought in an uptrend

I expect uptrend to continue. Goodluck with all the fundi analysis
Hope that noone is a few hindered pips underwater
  • #2,528
  • Oct 13, 2011 11:26am Oct 13, 2011 11:26am
Quoting FXMindset
Attached some chart pattern and Bar chart Indication for knowledge which am using for approach the market also..not so much but hopes thats can be help,Just try my best to contribute in piptrapper thread
Thanks Mindset. This will be a valuable resource for novice traders.
Oh, and the pros who have forgotten some of it
Those who say it cannot be done should not interrupt those who are doing it
  • #2,529
  • Oct 13, 2011 11:30am Oct 13, 2011 11:30am
Quoting duyk20
There're no overbought in an uptrend

I expect uptrend to continue. Goodluck with all the fundi analysis
Hope that noone is a few hindered pips underwater
Hi Duyk, Perhaps you might be able to upload a chart with how you propose to take advantage of the uptrend.

I am sure it would be beneficial to those on here who are not as experienced.

I ask you this because it is one of the rules of this thread.
Allow me to quote from the rules.

2. If you are going to make a bold statement and represent it as fact, please back it up with authoritative references. This could be a chart or a link to a reputable news source. Otherwise please make it clear that you are expressing an opinion.


Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #2,530
  • Oct 13, 2011 11:30am Oct 13, 2011 11:30am
Quoting duyk20
There're no overbought in an uptrend

I expect uptrend to continue. Goodluck with all the fundi analysis
Hope that noone is a few hindered pips underwater
We might be form a small long nose from here but we need close it higher than today open In order to confirm the move up..secondly we need break the greenlines as picture attached,if the greenlines hold and the price stay below that then am might starting short for tomorrow..not for today,standing aside now..Good Luck
Attached Image (click to enlarge)
Click to Enlarge Name: EU Daily White Version.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #2,531
  • Edited 11:50am Oct 13, 2011 11:31am | Edited 11:50am
Quoting PipTrapper
Thanks Mindset. This will be a valuable resource for novice traders.
Oh, and the pros who have forgotten some of it
You are welcome piptrapper as long you dont mind
If there was easy money lying around,no one would be forcing it into your
  • #2,532
  • Oct 13, 2011 11:37am Oct 13, 2011 11:37am
Want to share a trade with you guys. Mid-term I'm still bullish, in my opinion, we just saw some good profit taking. Let's see how far this trade takes me SL at BE.

Pbh
Attached Image (click to enlarge)
Click to Enlarge Name: nice.jpg Size: 86 KB
  • #2,533
  • Oct 13, 2011 11:39am Oct 13, 2011 11:39am
Quoting Pbh
Want to share a trade with you guys. Mid-term I'm still bullish, in my opinion, we just saw some good profit taking. Let's see how far this trade takes me SL at BE.

Pbh
Excellent trade Pbh. Congrats
Those who say it cannot be done should not interrupt those who are doing it
  • #2,534
  • Oct 13, 2011 11:39am Oct 13, 2011 11:39am
Here's my chart:

http://img690.imageshack.us/img690/8652/adsd.gif

Like I said last week, the big boys buy it, so should we. Who's moving the market: the people with big money. They create order flows, not some economists, not the fundamental sentiment crap,...

And today close has no sense in forex, each broker has different daily close, each trader has different interpretion of the daily close.
  • #2,535
  • Oct 13, 2011 11:40am Oct 13, 2011 11:40am
Quoting FXMindset
We might be form a small long nose from here but we need close it higher than today open In order to confirm the move up..secondly we need break the greenlines as picture attached,if the greenlines hold and the price stay below that then am might starting short for tomorrow..not for today,standing aside now..Good Luck
and if this is truly valid rising wedge,according the chart pattern laws then 1388 must be fill tomorrow

Good night all
If there was easy money lying around,no one would be forcing it into your
  • #2,536
  • Oct 13, 2011 11:40am Oct 13, 2011 11:40am
Thank you for this amazingly useful info Fxmindset.
I love your annalysis.

Kind regards
  • #2,537
  • Oct 13, 2011 11:55am Oct 13, 2011 11:55am
Quoting duyk20
Here's my chart:

http://img690.imageshack.us/img690/8652/adsd.gif

Like I said last week, the big boys buy it, so should we. Who's moving the market: the people with big money. They create order flows, not some economists, not the fundamental sentiment crap,...

And today close has no sense in forex, each broker has different daily close, each trader has different interpretion of the daily close.
Thanks for the chart Duyk. It really doesn't tell me much other than what has already happened.

I've also taken the liberty of "bolding" a statement you made in your post.

Nobody here bashes anyone else's trading strategy and boasts about his own
Here we share trading ideas.

If you don't want to live up to the spirit of sharing ideas rather than just condescendingly imposing yours, that's fine. However, over here these kinds of posts are not tolerated because they are of no value and are considered abrasive.

Perhaps you would like to read the rules again and maybe just follow the lead of all the other posters in this thread. Contributing ideas and encouraging each other.

I hope I have made myself clear on the above points. No disrespect intended. I just have to enforce the rules to maintain the integrity of this thread.
Those who say it cannot be done should not interrupt those who are doing it
  • #2,538
  • Oct 13, 2011 12:00pm Oct 13, 2011 12:00pm
Quoting duyk20
They create order flows, not some economists, not the fundamental sentiment crap,...
i tend to agree. order flow there on the charts: big buy orders make the 10-20 pip jumps, then no comparable counter and theres a consolidation range beyond that, rinse/repeat. At times theres a steady period (ie, 20 minutes, an hour, whatever) between these big moves...

red day in stocks, except the NAZ, oil down, bonds flat to red, but the e/u up 100+ pips off its low in NY - can you say decoupled?

the rate moves where the biggest orders move it
"If The Fool persists in his Folly he will become wise." - William Blake
  • #2,539
  • Oct 13, 2011 12:14pm Oct 13, 2011 12:14pm
Quoting duyk20
not the fundamental sentiment crap,...
Friend.. watch out. This can cost you the subscription. It's better to respect each others ideas and ways of trading. After reading post #1 for about 10 times I finally got it.

I hope you do the same

Pbh

PS: I'm bullish since 1.3150... Mid-term fundamental sentiment has given me the opportunity to do that. And I'm posting at least 2 times a day what's my idea which has been buy buy buy buy lately. So please.. don't make me feel useless to this thread
  • #2,540
  • Oct 13, 2011 12:18pm Oct 13, 2011 12:18pm
I do not understand the euro, it should be going down. Were is there any positive news from Europe. France and Germany cannot even agree on how to recapitalize the banks. The stress test showed that 66 out of 90 banks would fail. They cant even say that the etsf fund would not get downgraded. The euro is so frustrating right now.
70 traders viewing now