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EurAnalysis Kindergarten 24 replies

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  • #5,281
  • Oct 26, 2011 9:01am Oct 26, 2011 9:01am
Us home sales 315k vs 300k previous.

all the better for my gold short
Have I got something on my face, SOLDIER?
  • #5,282
  • Oct 26, 2011 9:06am Oct 26, 2011 9:06am
I play for a fall, I watch over
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  • #5,283
  • Oct 26, 2011 9:08am Oct 26, 2011 9:08am
Quoting Tom_D_Trader
And weddings mainly happen during autumn and winter and so are some of those festivals.
I found it somewhere. But the main drop occured at the beginning of the wedding season, according to the info I found. So it seems, that speculation caused the gold to be 300$ overvalued. Of course, the price still is much higher, than mining costs. But it goes similar to silver, I once found info, that real cost of producing 1 ounce (coin, bar, whatever) is below 20$, or around 20$ (individual costs vary, depending on labor costs development and so on). Yet silver seems to be unwilling to break 30$. So it seems, that precious metals tend to be at least 50% overvalued (compared to "production costs").

I am sorry for my poor English on this one.
  • #5,284
  • Oct 26, 2011 9:08am Oct 26, 2011 9:08am
Quoting Smart man
I play for a fall, I watch over
Attention, attention, margin call ahead.

No seriously man. GL, but 3 lots with this account at this stage. no way
"I know one thing, that I know nothing." Sokrates
  • #5,285
  • Oct 26, 2011 9:14am Oct 26, 2011 9:14am
Read that Italian Parliament suspended because of fist fights and throat grabbing today, anyone truth to that? lol
Yay! Pips for everyone!
  • #5,286
  • Oct 26, 2011 9:16am Oct 26, 2011 9:16am
Quoting Tom_D_Trader
Attention, attention, margin call ahead.

No seriously man. GL, but 3 lots with this account at this stage. no way
traders like me you, redlion, mla, piptrapper and basically 90% are cowards. but we are more safe in MM POV most of the time...seriously we are cowards. lol people who can actually trade profitably with leverage are the true pros. not gamblers. they are the ones getting filthy rich.

i mean if you can trade silver with profit at 1.00 standard lot, you can make $50 per pip. meaning 10 is $500. you can make that easily in less than a minute.

thing is to MM lovers, its not safe. but whos stopping him from trading like that? i would do that too on another account.

i find it very interesting.
Have I got something on my face, SOLDIER?
  • #5,287
  • Oct 26, 2011 9:16am Oct 26, 2011 9:16am
Quoting LearninForex
@FXMindset, I saw your daily chart but could not conclude what you are trying to understand as I am still learning to read the chart. please help me understanding you daily chart you just shared here.


Thanks,
LF
Hello

How can I help you
Based on the daily chart am short @ 1.3945 with stop 1.3980 and now my short being set at BE its Free Trade now
Looking orange mark for yesterday daily low's @ 1.3847 which have been form a support now,breaking there will point another lower
If there was easy money lying around,no one would be forcing it into your
  • #5,288
  • Oct 26, 2011 9:20am Oct 26, 2011 9:20am
Quoting bumapatria
traders like me you, redlion, mla, piptrapper and basically 90% are cowards.....
Well I find it totally, I mean totally different. I aint coward, I am pro, he is gambler.

It is for much longer discussion which doesnt belong in this thread, but I strongly disagree.

T.
"I know one thing, that I know nothing." Sokrates
  • #5,289
  • Oct 26, 2011 9:23am Oct 26, 2011 9:23am
Quoting Tom_D_Trader
Well I find it totally, I mean totally different. I aint coward, I am pro, he is gambler.

It is for much longer discussion which doesnt belong in this thread, but I strongly disagree.

T.
http://www.forexfactory.com/showthread.php?t=315144

talk here

i wanna here your side of the story.
i also am like you, trading based on account size and MM standpoint. i can take a 1000 pip loss with ease, and little to no fuss ..... financially speaking...

yeah tom, lets talk over at my thread bout it
Have I got something on my face, SOLDIER?
  • #5,290
  • Oct 26, 2011 9:26am Oct 26, 2011 9:26am
so are we thinking this bad boy will continue to drop after noon or will it bull back? Think I might hang out of this one
Lets do this...
  • #5,291
  • Oct 26, 2011 9:29am Oct 26, 2011 9:29am
Anyone listen to this Andy Busch on CNBC, a currency analyst, he's a great contrarian indicator, it should be illegal for him to give his picks on TV. lol
Yay! Pips for everyone!
  • #5,292
  • Oct 26, 2011 9:30am Oct 26, 2011 9:30am
Quoting jcminvest
so are we thinking this bad boy will continue to drop after noon or will it bull back? Think I might hang out of this one
I don't know, but we got a major key reversal sign on the 1 hr chart, a huge bearish outside bar off big resistance.
Yay! Pips for everyone!
  • #5,293
  • Oct 26, 2011 9:33am Oct 26, 2011 9:33am
there are certainly a lot of stops below 1.3850 level still 30 minutes to go on the overlap.

Should see the 1.3800 before it ends

If not then Euro bullish sentiment runs deep.
  • #5,294
  • Oct 26, 2011 9:34am Oct 26, 2011 9:34am
Quoting Pipsforall
I don't know, but we got a major key reversal sign on the 1 hr chart, a huge bearish outside bar off big resistance.
I only watcvh 4 hour and I was short for this candle but it took out my sl before she dropped. Bummer. If this candle goes through my 0 on MACD I will look to short it again. 1.38170 looks to be next support for a bear
Lets do this...
  • #5,295
  • Edited 9:46am Oct 26, 2011 9:34am | Edited 9:46am
Quoting jcminvest
so are we thinking this bad boy will continue to drop after noon or will it bull back? Think I might hang out of this one
Heavy USD buying right now. Stocks dropping futures turning towards risk off.

No telling really what's next.

Edit:

I'm done for now. Do best work during London, last couple hrs NY close and first couple hrs in Tokyo.

Killed the Loonie today. +3.7% for today on 1% risk. Goals exceeded. Account +12.9% for this week.
I don't care which way the market is going as long as it's going my way
  • #5,296
  • Oct 26, 2011 9:37am Oct 26, 2011 9:37am
yeah it might be good to wait and watch some patterns to show up. I dont really like 50 50. which is what this might end up being at lunch time.
Lets do this...
  • #5,297
  • Oct 26, 2011 9:45am Oct 26, 2011 9:45am
probably best pic of the day. a rampage of red candles... hehehe

little bull candle on demand is how this looks long term.

picture this as a monthly chart.
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Have I got something on my face, SOLDIER?
  • #5,298
  • Oct 26, 2011 9:48am Oct 26, 2011 9:48am
Vacuum drop
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Kill the ego, or it will kill the mission.
  • #5,299
  • Oct 26, 2011 9:53am Oct 26, 2011 9:53am
Finally...

Good things come to those who wait...
Observation is the path to discovery.
  • #5,300
  • Oct 26, 2011 9:57am Oct 26, 2011 9:57am
This is very encouraging.
If this keeps up I will short on the next H1 swing high.

However, we still have the press conference later. I have seen situations like this many times only for it to do a 180 degree turn the other way.

Use caution in any direction until the market properly digests everything... after the press conference.

.
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Those who say it cannot be done should not interrupt those who are doing it
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