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EurAnalysis Kindergarten 24 replies

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  • #14,041
  • Dec 8, 2011 6:46pm Dec 8, 2011 6:46pm
Quoting ingmarforex
Looking to buy some hopium around the 1.3367 wanna see test there then target 1.3450s area where i might short if it shows me a sign there again for some retrace or hold will see the volume. If huge supply comes in would be nice

Charts dont lie


update so far selling rallies till 1.3175 1.3230s could give bounce


Getting all exicted inside of the fed hmmm little tinkly inside.
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  • #14,042
  • Dec 8, 2011 7:27pm Dec 8, 2011 7:27pm
EU Summit agenda and video feed

Agenda

Video
I don't care which way the market is going as long as it's going my way
  • #14,043
  • Dec 8, 2011 8:11pm Dec 8, 2011 8:11pm
Quoting PipKiller
EU Summit agenda and video feed

Agenda

Video
I wonder... If I always see you online, at what time do you sleep?
  • #14,044
  • Dec 8, 2011 8:34pm Dec 8, 2011 8:34pm
Quoting Pbh
I wonder... If I always see you online, at what time do you sleep?
What's sleep

Usually somewhere around midnight and 6 am. I sleep about 4-5 hrs a night on average. If I doze off and take a nap during the day, I'm screwed, I'll be up all night.

I'm momentum trading off daily charts almost exclusively now and ajusting positions when needed so even though you see me online all the time, I'm probably goofing off watching TV, playing video games on the Xbox with my kid, shooting one of my guns, playing with my dogs, chasing the old lady, working on my N scale model railroad, fixing something around the house or messing with my toys out in the shop. I pop in the office and peek at the charts and news whenever I feel like it.

This computer is used almost exclusivly for trading and it's on almost 24 hrs a day running 2 platforms and the same 6 web pages. I have another old computer and a beat up old laptop to goof off on.
I don't care which way the market is going as long as it's going my way
  • #14,045
  • Dec 8, 2011 8:38pm Dec 8, 2011 8:38pm
Quoting PipKiller
What's sleep

Usually somewhere around midnight and 6 am. I sleep about 4-5 hrs a night on average. If I doze off and take a nap during the day, I'm screwed, I'll be up all night.

I'm momentum trading off daily charts almost exclusively now and ajusting positions when needed so even though you see me online all the time, I'm probably goofing off watching TV, playing video games on the Xbox with my kid, shooting one of my guns, playing with my dogs, chasing the old lady, working on my N scale model railroad, fixing something around...
i got 2 laptops and 2 lcds running in my office

i trade off the tick, look at the 5min/1hr, and browse at the daily
AVT INVENIAM VIAM AVT FACIAM
  • #14,046
  • Dec 8, 2011 9:13pm Dec 8, 2011 9:13pm
Quoting the redlion
i got 2 laptops and 2 lcds running in my office

i trade off the tick, look at the 5min/1hr, and browse at the daily
OMG, I wouldn't even attempt to trade off a tick chart, hell I don't like anything under 5 minutes. I'd end up smoking 10 packs of cigarrettes a day trying to do that.

If I feel like scalping the 5 minute, I'll use both LED monitors for the 2 platforms I use, throw Forex live on the laptop and Finviz on the old computer with an LCD. Have a 32" LED TV on the wall right above my LED monitors so I can sit back with my feet up on the desk and watch CNBC.

I keep this computer, 2 Monitors, the router, phone and modum on a UPS battery backup that gives me about 1/2 hr if I have the computer running. Have a small 1500 watt generator in the shop if I need more.

When I finally get finished with my weekend office remodeling project in this office I'm moving in my old beat up very comfy recliner in place of this desk chair.


Oh my.... Just glanced at my platforms and it's definatly risk off right now... Cha-ching
I don't care which way the market is going as long as it's going my way
  • #14,047
  • Dec 8, 2011 9:29pm Dec 8, 2011 9:29pm
This is what just hit the news wires with this lastest "risk off" blast



EU fails to agree on treaty change among 27 states: diplomats
I don't care which way the market is going as long as it's going my way
  • #14,048
  • Dec 8, 2011 9:29pm Dec 8, 2011 9:29pm
How can you trade off the tick? I trade mainly on the 15 seconds candles and I think it's too much, now moving to 1M. You use the tick TF to time your entries or you actually see PA & SR off it?

I use lower TF to mainly measure volatility and momentum of current moves but entries are set based on higher TF.

Quoting the redlion
i got 2 laptops and 2 lcds running in my office

i trade off the tick, look at the 5min/1hr, and browse at the daily
  • #14,049
  • Edited 10:40pm Dec 8, 2011 10:27pm | Edited 10:40pm
So no reefrendum but a great deal of head way, and greater inegration which is postive for the recovery of the euro????

ADD: Its more that there are 23 countries that are on board and of the four opt outs, two on the side dont realy matter the euro persay, UK that is still realy sterling and one other that can opt out anyway.
  • #14,050
  • Dec 8, 2011 11:17pm Dec 8, 2011 11:17pm
The stock and bond markets are gearing up to celebrate the EU's approval this Friday of "fiscal union," the necessary surrender of sovereignty that's needed to seal the bondage of the EU's hapless citizenry to the banks and the lapdog bureaucrats slavishly devoted to their dominance.

http://www.oftwominds.com/blogdec11/...fdom12-11.html
  • #14,051
  • Dec 8, 2011 11:25pm Dec 8, 2011 11:25pm
Quoting amr10000
So no reefrendum but a great deal of head way, and greater inegration which is postive for the recovery of the euro????
Integration schmintegration. Its a debt cisis, not an integration crisis. What are they gonna do to fight off the bond vigilantes? That is the question the markets need an answer for. Show us the money. Otherwise, epic fail.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,052
  • Dec 8, 2011 11:25pm Dec 8, 2011 11:25pm
Quoting jeff_b
How can you trade off the tick? I trade mainly on the 15 seconds candles and I think it's too much, now moving to 1M. You use the tick TF to time your entries or you actually see PA & SR off it?

I use lower TF to mainly measure volatility and momentum of current moves but entries are set based on higher TF.
I do the same, I pick a direction, then look for big orders around support/resistance, and a few tests to get in. Big orders are easier to spot on tick.

I'm nto sure but I read theres a difference between speculate buying orders and physical buying. Physical is respected more by big players and PA acts differently around these type of orders.
  • #14,053
  • Dec 8, 2011 11:28pm Dec 8, 2011 11:28pm
Jim sinclair:
“Well, the story this morning is we have it but we’re not going to spend it. We are not going to buy our own bonds, we’re not going to cap the rates, but we have it and we might use it. It’s like that every day. Those guys can’t get their story together for more than fifteen minutes."

http://kingworldnews.com/kingworldne...hat_to_Do.html
  • #14,054
  • Edited 12:28am Dec 9, 2011 12:16am | Edited 12:28am
...too little too late?

http://consilium.europa.eu/uedocs/cm.../ec/126658.pdf

Strengthening the stabilisation tools


11. Longer term reforms such as the ones set out above must be combined with immediate action to forcefully address current market tensions.


12. The European Financial Stability Facility (EFSF) leveraging will be rapidly deployed, through the two concrete options agreed upon by the Eurogroup on 29 November. We welcome the readiness of the ECB to act as an agent for the EFSF in its market operations.


13. We agree on an acceleration of the entry into force of the European Stability Mechanism (ESM) treaty. The Treaty will enter into force as soon as Member States representing 90 % of the capital commitments have ratified it. Our common objective is for the ESM to enter into force in July 2012.


14. Concerning financial resources, we agree on the following:


-• the EFSF will remain active in financing programmes that have started until mid-2013 as provided for in the Framework Agreement; it will continue to ensure the financing of the ongoing programmes as needed;


•

- we will reassess the adequacy of the overall ceiling of the EFSF/ESM of EUR 500 billion (USD 670 billion) in March 2012;


•

- during the phasing in of the paid-in capital, we stand ready to accelerate payments of capital in order to maintain a minimum 15% ratio between paid-in capital and the outstanding amount of ESM issuances and to ensure a combined effective lending capacity of EUR 500 billion;


• - euro area and other Member States will consider, and confirm within 10 days, the provision of additional resources for the IMF of up to EUR 200 billion (USD 270 billion), in the form of bilateral loans, to ensure that the IMF has adequate resources to deal with the crisis. We are looking forward to parallel contributions from the international community.

"If The Fool persists in his Folly he will become wise." - William Blake
  • #14,055
  • Dec 9, 2011 12:32am Dec 9, 2011 12:32am
Is it safe to assume that the "big movement" won't occur until the press conference, which isn't scheduled to take place until at least 9:00 EST (seven and a half hours from now)?
  • #14,056
  • Dec 9, 2011 12:45am Dec 9, 2011 12:45am
Quoting kibescorp
Is it safe to assume that the "big movement" won't occur until the press conference, which isn't scheduled to take place until at least 9:00 EST (seven and a half hours from now)?
That means I'll sleep enough
  • #14,057
  • Dec 9, 2011 12:53am Dec 9, 2011 12:53am
Quoting Pbh
That means I'll sleep enough
I have no idea, I'm just speculating (and wondering if someone who actually DOES know can confirm this).
  • #14,058
  • Dec 9, 2011 1:13am Dec 9, 2011 1:13am
Quoting kibescorp
I have no idea, I'm just speculating (and wondering if someone who actually DOES know can confirm this).
me, me,

10.40 Exchange of views with the President of the European Parliament
Tour-de-table before the meeting
(host broadcaster + photo/TV - Group C)
11.00 – 13.30 Working session
13.30 – 15.00 Working lunch
At the end Press conference by the President of the European Council
the meeting and the President of the European Commission
(Press room - press centre, level 00)
  • #14,059
  • Dec 9, 2011 1:14am Dec 9, 2011 1:14am
Last summit was preceded by a rally of epic proportions. The likely outcome of that summit was that nothing would be fixed, and the rally was nonsensical, but obviously traders were positioning for a 'sell the fact' event.

This summit has been preceded by a decline in risk currencies (strong USD), which leads me to believe that the reaction might be very positive in late trading or on Monday. It's not something I'd bet blindly on though.

Because... the other possibility is that the market finally accepts that nothing can be done to save the Euro, the US, Japan, China and the entire debt addicted world, which is the outcome I'd prefer, and is my internal bias, but as ever I'll let the market decide.

So I'm open, but the positioning pre-summit points to a rally in my eyes.
"Don't Panic..."
  • #14,060
  • Dec 9, 2011 1:20am Dec 9, 2011 1:20am
Quoting Halifax
So I'm open, but the positioning pre-summit points to a rally in my eyes.
I think my biggest problem is trusting people.. I do trust this meeting for at least 100 pis, but I'm not trading the sentiment... Because I've been proven wrong this morning -.-

And the bonds are screwed
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