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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #16,001
  • Dec 22, 2011 3:12am Dec 22, 2011 3:12am
Quoting knoholygrail
We will meet one day so help me God. You are a treasure and you NEVER forget it. We are here to help each other and you help me by allowing me to help you now when you need some encouragement. My word is my Bond and you have my word that I will be in your life for as long as I am here on this earth. You can PM me and I will give you my name and email address. I am watching CNN now and just heard LIVE explosions in Iraq.

I monitor news while I trade. One event can change the world. We all together will change the world. Together we stand divided...
Thank you Sir
Since I dont have anything - here for your birthday presents - am giving you my treasure lovely duck
http://i150.photobucket.com/albums/s...tully/thme.gif
If there was easy money lying around,no one would be forcing it into your
  • #16,002
  • Dec 22, 2011 3:12am Dec 22, 2011 3:12am
Good morning all.
The Eur/Usd is still grinding away on the current bear flag as it is far from done yet unless we get some news to the contrary.
My sell limit is still parked at 1.3210 and I have no intention of moving it at this point.
I have adjusted the limits of the rising channel based on yesterday's spike up to 1.3198 and as it stands now, my limit order falls close to the intersection between the rising channel and the larger falling channel. Good enough for me.
Now we wait and see.
Like I have said earlier, if we don't get a correction to 1.3210, I will not have confidence in a continuation southbound.

Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 44 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #16,003
  • Dec 22, 2011 3:15am Dec 22, 2011 3:15am
Quoting farzadinio
just pay attention to the boxes^^
you got the price right. did time match thouhg?

guys how is liquidity in christmas time?

im thinking of holding these trades.
Have I got something on my face, SOLDIER?
  • #16,004
  • Dec 22, 2011 3:17am Dec 22, 2011 3:17am
Quoting PipTrapper
Good morning all.
The Eur/Usd is still grinding away on the current bear flag as it is far from done yet unless we get some news to the contrary.
My sell limit is still parked at 1.3210 and I have no intention of moving it at this point.
I have adjusted the limits of the rising channel based on yesterday's spike up to 1.3198 and as it stands now, my limit order falls close to the intersection between the rising channel and the larger falling channel. Good enough for me.
Now we wait and see.
Like I have said earlier, if we don't get a correction...
Morning Mate - Lets exercise warming up first
http://i1186.photobucket.com/albums/...rrjio1_500.gif
If there was easy money lying around,no one would be forcing it into your
  • #16,005
  • Dec 22, 2011 3:19am Dec 22, 2011 3:19am
Quoting FXMindset
Morning Mate
http://i1186.photobucket.com/albums/...rrjio1_500.gif
haha Zumba for birds.
Good morning FXM
Those who say it cannot be done should not interrupt those who are doing it
  • #16,006
  • Dec 22, 2011 3:20am Dec 22, 2011 3:20am
Quoting bumapatria
you got the price right. did time match thouhg?
Buma here
http://i165.photobucket.com/albums/u...lation/041.gif
If there was easy money lying around,no one would be forcing it into your
  • #16,007
  • Dec 22, 2011 3:20am Dec 22, 2011 3:20am
Quoting Islander
There are many different ways to trade forex profitably and mine is to look to bank regular pips by trading around the European Opens for 3 or 4 hours - the most liquid time of the day with the Asian Markets closing and Europe opening.

Today is no exception, with activity picking up in the hour before the frankfurt Open - 7am GMT and then putting on a further 53 pips from the London Open at 8am GMT, allowing me to bank my daily quota

I find the Daily Pivots THE most useful dynamic levels - set from the US close at 5pm NY and watching...
I can explain why it happens as I made a study of it. It is no coincident.

Watch the 5 minutes before each hour starts so in this case 2:00 AM EST and 3:00 AM EST and 4:00 AM EST and again 7:00 AM EST and 8:00 AM EST and 9:00 AM EST

GMT plus five for me in Montreal.

It has to do with new large traders coming to their trading desk as they arrive to work and they clean up and place their orders and eat some little fish along the way.

This is clearer to see during the North American open which for me is 7:00 AM EST and 8:00 AM EST and 9:00 AM EST as ALL New York Traders are at work and so are the Europe ones.

The Open of the Dow is another point to watch as well as 10:00 AM EST which is Option Expiry and 11:00 AM EST when prices are set and finally NOON when ALL of Europe closes positions and goes home.

There is more logic to these events than most people realize and so I REVEAL another of my EDGES !!!

Good Day as now I am getting tired and need my rest to be fresh for the rest of the day.

Thanks for your interesting post and your charts.

Think and Grow Rich and Trade Well !!!
  • #16,008
  • Dec 22, 2011 3:20am Dec 22, 2011 3:20am
Quoting Gofer Pips
I have been trading a few trades when opportunity presents itself, but this is not my first rodeo with end of year liquidity. I have been lurking on my bro's and several things I have noticed.....

6. Rekon....Bro, I love your calls on PA. I get you, but you need to let others know more info. Sorta like my bro FX... he doesn't explain well because he is in tune with market.
...
Well that's all I got right now. I could make calls, but in this market any calls I have would be history by the time they post.

Trade safe all!
Thank you Gofer to honor me in this Hall of Fame I know I am not doing justice to me or to this forum ... I only sneaking around from my office system and try ... but one of my new year resolution is posting atleast one observation for the day with backed up by proper observation.

Always with u .. have a happy x-mas and prosperous new year ahead..
  • #16,009
  • Dec 22, 2011 3:21am Dec 22, 2011 3:21am
Quoting Islander
I find the Daily Pivots THE most useful dynamic levels - set from the US close at 5pm NY and watching the price action around each level is a worthwhile exercise - as is the way price moves between these levels
Your pivot and fibs work well together. I'm looking at the same things now. I find some days pivots work very well... other days they are a pile of sh!t.

Quoting knoholygrail
In the new year I would very much like to suggest some charts for you to post on some of the Asset Classes that are correlated.

That would help all of us see the patterns between them. I wish you a Happy New Year and thanks for your input to our thread.
How do you mean? Are you suggesting I post some correlated instruments?
  • #16,010
  • Dec 22, 2011 3:30am Dec 22, 2011 3:30am
Quoting Tyoon
Your pivot and fibs work well together. I'm looking at the same things now.



How do you mean? Are you suggesting I post some correlated instruments?
A Chart on the 2 Year US Bonds and 10 Year US Bonds should correlate with the Dow 30

That is Risk On and Risk Off

Then a Chart on Dow 30

That should correlate to EUR/USD

The US Dollar Index will correlate to Dow UP or Dow Down.

I think you start to get the point.

We know the Correlation between EUR/USD and EUR/JPY however movement in USD/JPY causes that movement at times that USD/JPY is active.

GBP/USD can move EUR/USD along with it.

Charts make the picture clearer and we can see divvergences.

Some Food for Thought. Others here may have some other suggestions on this topic.
  • #16,011
  • Dec 22, 2011 3:33am Dec 22, 2011 3:33am
Quoting knoholygrail
A Chart on the 2 Year US Bonds and 10 Year US Bonds should correlate with the Dow 30

That is Risk On and Risk Off

Then a Chart on Dow 30

That should correlate to EUR/USD

The US Dollar Index will correlate to Dow UP or Dow Down.

I think you start to get the point.

We know the Correlation between EUR/USD and EUR/JPY however movement in USD/JPY causes that movement at times that USD/JPY is active.

GBP/USD can move EUR/USD along with it.

Charts make the picture clearer and we can see divvergences.

Some Food for Thought....
Thanks for that I will study this post and get back to you with my conclusion.

I am starting to see some divergence with the SP500 and EURUSD. SP500 is moving up in past 40 mins while EURUSD is moving down.
  • #16,012
  • Dec 22, 2011 3:34am Dec 22, 2011 3:34am
Quoting Islander

Again, I have read many more great posts here this morning and here's a pdf of Napoleon Hill's great book mentioned earlier by PipKiller from his new locked office.....LOL, I do hope his wife isn't out buying heavy duty super glue to seal him in......

Wishing you all a very Happy Christmas and a Prosperous New Year http://www.forexfactory.com/images/icons/icon7.gif

Islander

Cheers Islander, a free book, I have saved the pdf!

Got a copy of that Technical Analysis by Murphy coming for xmas, my wife has bought it, £48 though, pretty steep, even though she classes forex as `gambling`, i`ll show her (when I make it pay!)
  • #16,013
  • Dec 22, 2011 3:40am Dec 22, 2011 3:40am
i wouldnt really trust on any correlation except on USD index. the forex market's majors corroborate around USD's value. correlations can really get messed up in messed up times like these

each instrument has its own vibration and ebb and flow (least what i believe) therefore i treat a pair as its own in exception of usd index.

just my thoughts
Have I got something on my face, SOLDIER?
  • #16,014
  • Dec 22, 2011 3:42am Dec 22, 2011 3:42am
Quoting FXMindset
Buma here

thats one badass 'chick'
Have I got something on my face, SOLDIER?
  • #16,015
  • Dec 22, 2011 3:42am Dec 22, 2011 3:42am
Quoting stubbys
my wife has bought it, £48 though, pretty steep, even though she classes forex as `gambling`, i`ll show her (when I make it pay!)
The great thing is that UK gov sees forex as gambling aswell... that's why we don't get taxed on it

I believe forex is gambling if you don't know what your doing. If you know what you are doing and your an making consistent profits, then it is a business.
  • #16,016
  • Dec 22, 2011 3:47am Dec 22, 2011 3:47am
Quoting Tyoon
Thanks for that I will study this post and get back to you with my conclusion.

I am starting to see some divergence with the SP500 and EURUSD. SP500 is moving up in past 40 mins while EURUSD is moving down.
Some other factors at work now are the unique problems in Europe. The liquidation of MF Global assets.

Purchase of Gold and the issue of the Euro itself.

Risk On and Risk off so money might flow into US Dollar even if markets are closed.

Intervention by BOJ who know might Sell Yen and buy Gold instead of Euro because of Debt problem with Greece and others.

During 2012 Focus probably will shift to MESS in the USA.

I hope these helps you follow my logic and I leave you to think about it using your skills and knowledge.

Have a good day and now I will try once again to stop posting and start sleeping. I just do not to put things off so I reply.

Now I will log off so I can get up by 7:00 AM EST and continue with my day.

You are appreciated by myself. Thanks for your input. We are a team here and hopefully the team will improve during 2012.

We have a great Coach in PipTrapper.
  • #16,017
  • Dec 22, 2011 3:48am Dec 22, 2011 3:48am
Quoting FXMindset
Buma here
http://i165.photobucket.com/albums/u...lation/041.gif
fx got a poultry farm or what? There are various species available in that firm i guess...
  • #16,018
  • Dec 22, 2011 3:52am Dec 22, 2011 3:52am
Quoting knoholygrail
I can explain why it happens as I made a study of it. It is no coincident.

Watch the 5 minutes before each hour starts so in this case 2:00 AM EST and 3:00 AM EST and 4:00 AM EST and again 7:00 AM EST and 8:00 AM EST and 9:00 AM EST

GMT plus five for me in Montreal.

It has to do with new large traders coming to their trading desk as they arrive to work and they clean up and place their orders and eat some little fish along the way.

This is clearer to see during the North American open which for me is 7:00 AM EST and 8:00 AM EST and 9:00...
AH - so now more of our secrets are out......I only stay in front of my screen around FO / LO and then I use a timer alarm to remind me to look at my charts to see if I need to make a trading decision - naturally its set for a little before the hour closes http://www.forexfactory.com/images/icons/icon12.gif......and I also have NYO 1 - 8am EST - set on my trading v lines indy.....IMO timing is a little understood and underused tool that helps greatly with trading....and allows us time to do other things...
Trading Levels with WRBs
  • #16,019
  • Dec 22, 2011 3:52am Dec 22, 2011 3:52am
Quoting knoholygrail
Some other factors at work now are the unique problems in Europe. The liquidation of MF Global assets.

Purchase of Gold and the issue of the Euro itself.

Risk On and Risk off so money might flow into US Dollar even if markets are closed.

Intervention by BOJ who know might Sell Yen and buy Gold instead of Euro because of Debt problem with Greece and others.

During 2012 Focus probably will shift to MESS in the USA.

I hope these helps you follow my logic and I leave you to think about it using your skills and knowledge.

Have...
Thanks Grail, your input is highly valued. I will be focusing on this topic today.

I am struggling trying to find a decent chart of price and yield for US bonds. Can anybody help me out here?
  • #16,020
  • Dec 22, 2011 3:55am Dec 22, 2011 3:55am
Quoting Tyoon
Your pivot and fibs work well together. I'm looking at the same things now. I find some days pivots work very well... other days they are a pile of sh!t.



How do you mean? Are you suggesting I post some correlated instruments?
LOL - nothing works ALL of the time, that's why I also have the 0050 and 0100 levels and I import S&R areas from my hourly chart......
Trading Levels with WRBs
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