EurAnalysis | Page 552 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #11,021
  • Nov 21, 2011 4:24pm Nov 21, 2011 4:24pm
Quoting sftyler
PT can I ask u what platform u use to have such a range of colors ?
Seems like an ordinary MT4 to me. There is a plethora of colours. Hmmm, plethora, what a nice word.
"I know one thing, that I know nothing." Sokrates
  • #11,022
  • Nov 21, 2011 4:28pm Nov 21, 2011 4:28pm
Might be stupid, but on the M1 chart I see a clear difference in volume in favor of bullish candles, something like twice or so, compared to the bearish ones. Does that means that there are more buyers than sellers at this moment?

Sorry if this sounds stupid.
  • #11,023
  • Nov 21, 2011 4:28pm Nov 21, 2011 4:28pm
Quoting Tom_D_Trader
Ok, I may be stupid, but I didnt exactly get the point of decoupling of EUR/USD from Dow. Did you wanted to point out the fact, that it is intervention in the currency market and has nothing to do with capital flows in equity market, therefore - ECB strikes again?

Btw, I really prefered that Big Foot version .

T
I am writing it off as an anomaly. It was probably a EuroZone bank liquidating some more US assets... or maybe Mercedes-Benz repatriated some US funds from America. Hard to say. Either way it was temporary so nothing to worry about.

Oh wait... I think Berlusconi paid off one of his Bunga Bunga girls in USD and she went to the bank to exchange them to Euros
Those who say it cannot be done should not interrupt those who are doing it
  • #11,024
  • Nov 21, 2011 4:31pm Nov 21, 2011 4:31pm
Quoting michaelnew
Might be stupid, but on the M1 chart I see a clear difference in volume in favor of bullish candles, something like twice or so, compared to the bearish ones. Does that means that there are more buyers than sellers at this moment?

Sorry if this sounds stupid.
All depends when you saw it. Right now there are more buyers than sellers as US equity futures are very slowly pushing a bit upwards. In M1 you only get a micro view so it means nothing in the bigger picture.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,025
  • Nov 21, 2011 4:32pm Nov 21, 2011 4:32pm
Quoting PipTrapper
All depends when you saw it. Right now there are more buyers than sellers as US equity futures are very slowly pushing a bit upwards.
So, that was truly the meaning of those bars, thanks for shedding the light on this one. I'm learning each and every day from this thread and your efforts are highly appreciated.
  • #11,026
  • Nov 21, 2011 4:32pm Nov 21, 2011 4:32pm
Quoting michaelnew
Might be stupid, but on the M1 chart I see a clear difference in volume in favor of bullish candles, something like twice or so, compared to the bearish ones. Does that means that there are more buyers than sellers at this moment?

Sorry if this sounds stupid.
No need to sorry Michael. And yes, but only partially, because those bullish candles can be lesser than bearish . But generally, if it goes up, there are more buyers, if down, more sellers.

For these basic stuff, I suggest you check www.babypips.com It is a great site for overall information and I am going there as well from time to time, because it keeps information compressed. And it is also funny, which i like.

T
"I know one thing, that I know nothing." Sokrates
  • #11,027
  • Nov 21, 2011 4:33pm Nov 21, 2011 4:33pm
I'm off to bed. Be back for London open
Good night...

.
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #11,028
  • Nov 21, 2011 4:36pm Nov 21, 2011 4:36pm
Quoting PipTrapper
I'm off to bed. Be back for London open
Good night...
Good night
"I know one thing, that I know nothing." Sokrates
  • #11,029
  • Nov 21, 2011 4:37pm Nov 21, 2011 4:37pm
Ok, boss is gone, shall we ruin the thread with porn?





... No, I just couldnt do this.
"I know one thing, that I know nothing." Sokrates
  • #11,030
  • Nov 21, 2011 4:39pm Nov 21, 2011 4:39pm
Quoting Tom_D_Trader
No need to sorry Michael. And yes, but only partially, because those bullish candles can be lesser than bearish . But generally, if it goes up, there are more buyers, if down, more sellers.

For these basic stuff, I suggest you check www.babypips.com It is a great site for overall information and I am going there as well from time to time, because it keeps information compressed. And it is also funny, which i like.

T
Thanks, Tom, appreciated. I went through the babypips school as well and also read a few books (Astro Cycles and Trade What You See, by Larry Pesavento, among others) but when it comes to really put it to work, I can always use some advice from people who are more experienced than I am.

I see a M1 candle being bullish even if it's a red doji, it means to me that it was more pressure upwards than downwards. That's because of the smaller timeframe. Usually, a red doji means there is a downwards pressure (starting with M5, M15, etc). It is my personal observation, I don't think Steve Nison will agree to that
  • #11,031
  • Nov 21, 2011 4:39pm Nov 21, 2011 4:39pm
Bear is already getting naked.
Attached Image
"I know one thing, that I know nothing." Sokrates
  • #11,032
  • Nov 21, 2011 4:40pm Nov 21, 2011 4:40pm
[quote=Tom_D_Trader;5154243]Ok, boss is gone, shall we ruin the thread with porn?





Hurry, Dad's gone...
  • #11,033
  • Nov 21, 2011 4:43pm Nov 21, 2011 4:43pm
Quoting Tom_D_Trader
Ok, boss is gone, shall we ruin the thread with porn?





... No, I just couldnt do this.
Speaking of dad being gone, it seems to me that it's much simpler to run any speculative tricks on EURUSD on the Asian session, especially since the volumes are small and you could do a lot more with a lot less. If I would be one of the "deep pocket" guys, I'd put my tricks when everybody is asleep, so to speak
  • #11,034
  • Nov 21, 2011 4:46pm Nov 21, 2011 4:46pm
Quoting michaelnew
Thanks, Tom, appreciated. I went through...
No, he probably wouldnt. But he aint trading, or is he? Anyway, this thread is really great place to learn. There are many experienced traders here sharing their knowledge.

Not me, I am not skilled, just theoretical stuffing his head with more and more knowledge.

But lots of guys here are helpfull and we discuss fundamentals here a lot, so it is very usefull.

Regarding m1 charts, I use them only to place trades. I see candle patterns there as absolutely useless. Candle patterns have some value for me from h1 timeframe above. But well, you can look at series of candle patterns and 12x 5m create one H1, so it is probably possible to use em some way.

T.
"I know one thing, that I know nothing." Sokrates
  • #11,035
  • Nov 21, 2011 4:49pm Nov 21, 2011 4:49pm
Quoting michaelnew
Speaking of dad being gone, it seems to me that it's much simpler to run any speculative tricks..
Yes, I was thinking about this topic and I think the same. I think someone intervenes regularly strenghtening EUR during Asian session and I think this someone is China, as EU is their main exporting partner, so they need stable Europe and strong EUR. But thats just a speculation.
"I know one thing, that I know nothing." Sokrates
  • #11,036
  • Nov 21, 2011 4:52pm Nov 21, 2011 4:52pm
Quoting Tom_D_Trader
Yes, I was thinking about this topic and I think the same. I think someone intervenes regularly strenghtening EUR during Asian session and I think this someone is China, as EU is their main exporting partner, so they need stable Europe and strong EUR. But thats just a speculation.
Might be as well be true... On the other hand, isn't a weak EUR a very good thing for the European exports? And by European I mean German (I don't have numbers, but I don't think the rest of EuroZone is doing as well as Germany). I mean, politically they'll pretend to want to strengthen it, but economically, they need it weak. Is there a flaw in my rationale?
  • #11,037
  • Nov 21, 2011 4:52pm Nov 21, 2011 4:52pm
Quoting Tom_D_Trader
Yes, I was thinking about this topic and I think the same. I think someone intervenes regularly strenghtening EUR during Asian session and I think this someone is China, as EU is their main exporting partner, so they need stable Europe and strong EUR. But thats just a speculation.
Are you guys making a theory there will be a bump up during Asia session tonight?
  • #11,038
  • Nov 21, 2011 4:53pm Nov 21, 2011 4:53pm
Quoting chodd22
Are you guys making a theory there will be a bump up during Asia session tonight?
not necessarily tonight, I don't see it in the candles. It's just theory.
  • #11,039
  • Nov 21, 2011 4:55pm Nov 21, 2011 4:55pm
Quoting michaelnew
Might be as well be true... On the other hand, isn't a weak EUR a very good thing for the European exports? And by European I mean German (I don't have numbers, but I don't think the rest of EuroZone is doing as well as Germany). I mean, politically they'll pretend to want to strengthen it, but economically, they need it strong. Is there a flaw in my rationale?
No, I agree 100% with this...its smoke in mirrors. In fact, the bigger issue is the US wants a weaker Dollar as well. So who can hurt their currency quick enough without making it appear to be so obvious. Exports are the only thing keeping the US economy afloat. If you see the Euro tank, the Dollar rises, US economy falls into worst case scenario...again, this is just my opinion which is not saying much!
  • #11,040
  • Nov 21, 2011 4:59pm Nov 21, 2011 4:59pm
on that note, I'll follow the lead of the leader and decouple myself from this forum, just as the EUR decoupled form the DOW. Good night
22 traders viewing now