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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #14,361
  • Dec 12, 2011 5:58am Dec 12, 2011 5:58am
Quoting the redlion
i apologize for my interjections but i am bored and i need to keep awake
LOL Keep it up. Nobody minds.
Kill the ego, or it will kill the mission.
  • #14,362
  • Dec 12, 2011 6:00am Dec 12, 2011 6:00am
Quoting AaronWard
Ok, let me know if I am wrong...

You wait until price is in the Supply zone before you sell. However once you are in the supply zone you use price action to decide when exactly you will sell.
Well, price action is always first and if it shows me sell or buy then I don't care if it's in supply or in demand zone. S/D are just there to show me that this is the zone that I should be awere of but there are times when price completely ignores them. I don't really wait if it's in supply zone and only sell when it's there. PA is the key, others are just little helpers just like lion said.
  • #14,363
  • Dec 12, 2011 6:03am Dec 12, 2011 6:03am
Quoting Tyoon
I view supply and demand zones as interest for buying and selling. This historical open orders graph shows this quite well I believe.

Darker colours indicate areas of strong interest. They are zones that traders place their S/R and plan to enter the market long or short. Every trader has slightly different levels they place their S/R lines so that's why it creates a zone.

Please debate this view if you disagree.

Where did this chart come from?
Kill the ego, or it will kill the mission.
  • #14,364
  • Dec 12, 2011 6:04am Dec 12, 2011 6:04am
looks like a brokers COT
AVT INVENIAM VIAM AVT FACIAM
  • #14,365
  • Dec 12, 2011 6:04am Dec 12, 2011 6:04am
Quoting GoldMan.
Well, price action is always first and if it shows me sell or buy then I don't care if it's in supply or in demand zone. S/D are just there to show me that this is the zone that I should be awere of but there are times when price completely ignores them. I don't really wait if it's in supply zone and only sell when it's there. PA is the key, others are just little helpers just like lion said.
It may be a bit confusing to many, you may say so what's the pont of S/D at all, full understanding comes with experience.
  • #14,366
  • Dec 12, 2011 6:06am Dec 12, 2011 6:06am
looks like euro will correct, selling pressure has diminished, i am not buying though will await safe re entry on a short once bullish corrective wave has lost momentum
AVT INVENIAM VIAM AVT FACIAM
  • #14,367
  • Dec 12, 2011 6:08am Dec 12, 2011 6:08am
Quoting AaronWard
Yup. We get up every day and go to sleep every night. Basic cyclical behavior. Once every 365 day cycle known as the year (or the sun cycle) we celebrate Christmas, and every quarter companies report on their earnings.

As for the moon cycle... the government reports their latest statistics once every moon. Well to be sure, we call it the month cycle, and is typically couple days longer than the moon cycle, but it is pretty close. And incidentally the word month comes from the word moon.
i smell potential cycle trader
Have I got something on my face, SOLDIER?
  • #14,368
  • Dec 12, 2011 6:08am Dec 12, 2011 6:08am
Quoting AaronWard
Where did this chart come from?
I think I discovered it from PT.

Oanda Open Orders
  • #14,369
  • Dec 12, 2011 6:08am Dec 12, 2011 6:08am
Quoting GoldMan.
Well, price action is always first and if it shows me sell or buy then I don't care if it's in supply or in demand zone. S/D are just there to show me that this is the zone that I should be awere of but there are times when price completely ignores them. I don't really wait if it's in supply zone and only sell when it's there. PA is the key, others are just little helpers just like lion said.

Yeah, I do about 2 dozen types of TA and spend about 3 hours on FA day but then I forget about them and just trade price.
Kill the ego, or it will kill the mission.
  • #14,370
  • Dec 12, 2011 6:10am Dec 12, 2011 6:10am
Quoting bumapatria
i smell potential cycle trader
Maybe a cycle trader, but not one that uses astrology.

What is your definition of a cycle trader?
Kill the ego, or it will kill the mission.
  • #14,371
  • Dec 12, 2011 6:10am Dec 12, 2011 6:10am
Quoting the redlion
looks like euro will correct, selling pressure has diminished, i am not buying though will await safe re entry on a short once bullish corrective wave has lost momentum
i still wont buy for big if 3220 is not reached.
Have I got something on my face, SOLDIER?
  • #14,372
  • Dec 12, 2011 6:11am Dec 12, 2011 6:11am
Quoting Tyoon
I think I discovered it from PT.

Oanda Open Orders
I use this to check where retail stops are positioned.
Inflation in things we need, Deflation in things we want.
  • #14,373
  • Dec 12, 2011 6:12am Dec 12, 2011 6:12am
Quoting AaronWard
Maybe a cycle trader, but not one that uses astrology.

What is your definition of a cycle trader?

a trader who trades cyclical behaviour in the market.


above all a trader who uses time and is there before the eventuality.
uses price + time to meet the x axis of time to meet the y axis of price to trade.

a trader who uses time as a powerful tool in his arsenal.

no need for astrology, but using TIME can make you a cycle trader.
Have I got something on my face, SOLDIER?
  • #14,374
  • Dec 12, 2011 6:14am Dec 12, 2011 6:14am
tell me what do you guys see in this chart?
i see
1- loss in selling pressure,
2- below (2) standard deviations
3- a probable accumulation for a potential bullish corrective wave

Attached Image (click to enlarge)
Click to Enlarge Name: chart.PNG Size: 29 KB
AVT INVENIAM VIAM AVT FACIAM
  • #14,375
  • Dec 12, 2011 6:14am Dec 12, 2011 6:14am
Short term up channel broken, price still contained in the short term down channel. Price is very close to demand zone from about 1.3220 - 1.3145. A break of this demand zone see very little in the way for a drop to 1.3000 and through the big round number is the next demand zone from 1.2955 - 1.2860.

A glance at Futures markets shows it is clearly "risk off" this morning.

Attached Image (click to enlarge)
Click to Enlarge Name: Daily Candle.jpg Size: 122 KB


Attached Image (click to enlarge)
Click to Enlarge Name: futures0710.jpg Size: 97 KB
I don't care which way the market is going as long as it's going my way
  • #14,376
  • Dec 12, 2011 6:20am Dec 12, 2011 6:20am
Quoting Thijs
I use this to check where retail stops are positioned.
I'm soon going to be trying out a service that feeds the majority of brokers's open orders like a NASDAQ level 2 quotes. I'm sceptical but it's worth a try.
  • #14,377
  • Dec 12, 2011 6:21am Dec 12, 2011 6:21am
Quoting the redlion
tell me what do you guys see in this chart?
i see
1- loss in selling pressure,
2- below (2) standard deviations
3- a probable accumulation for a potential bullish corrective wave

Attachment
I see all that, but I see one other factor. It is sitting smack on a major psychological resistance 1.3250 and it has no bounce. this is extremely bearish.

The market is waiting for something. My guess is that it is NY.

I have a number of shorts in play. I have closed some of them. I will short again on any decent bounce.

We have several key attractors down there. One is the gap at 1.3230. Another is the double bottom at 1.3145. Yet another is the nice round number of 1.300. And of course there is the years low at 1.2873.
Kill the ego, or it will kill the mission.
  • #14,378
  • Dec 12, 2011 6:23am Dec 12, 2011 6:23am
Quoting bumapatria
a trader who trades cyclical behaviour in the market.


above all a trader who uses time and is there before the eventuality.
uses price + time to meet the x axis of time to meet the y axis of price to trade.

a trader who uses time as a powerful tool in his arsenal.

no need for astrology, but using TIME can make you a cycle trader.
Well I watch opens at certain times and I pay a lot of attention events that are tied to a specific time such as the NFP...so I definitely trade some sorts of cyclical behavior.

The thing I wonder about you and your astrology is this... can you come to the same quality of decisions without using astrology?
Kill the ego, or it will kill the mission.
  • #14,379
  • Dec 12, 2011 6:25am Dec 12, 2011 6:25am
Quoting AaronWard
Well I watch opens at certain times and I pay a lot of attention events that are tied to a specific time such as the NFP...so I definitely trade some sorts of cyclical behavior.

The thing I wonder about you and your astrology is this... can you come to the same quality of decisions without using astrology?
Yes he can.

he just started with this astrology thing, before that he was trading like a hybrid of me and goldman, and mla
AVT INVENIAM VIAM AVT FACIAM
  • #14,380
  • Dec 12, 2011 6:28am Dec 12, 2011 6:28am
Quoting bumapatria
a trader who trades cyclical behaviour in the market.


above all a trader who uses time and is there before the eventuality.
uses price + time to meet the x axis of time to meet the y axis of price to trade.

a trader who uses time as a powerful tool in his arsenal.

no need for astrology, but using TIME can make you a cycle trader.
Yes, I particularly like Time (especially for intra-day trading) - it is predictable (we know that at given times there will be an increase in volumes). I find it a great way to enter/exit a trade...

Combine Time with VSA and you get get some very nice trades :-)
patience is a virtue
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