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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #16,141
  • Dec 23, 2011 1:19am Dec 23, 2011 1:19am
Quoting FXMindset
here - some of you which interested to learn chart patterns may try this book
Encyclopedia of Chart Patterns - Thomas Bulkowski's
Plus there's some candles that you need familiar to trade these patterns
....downloaded the book...will read it on sat and sun ... will discuss then...
  • #16,142
  • Dec 23, 2011 1:19am Dec 23, 2011 1:19am
Hi
its been a while since i post something here on a forum, its been a while since my last trade also, probably almost a month or so, since time doesnt alow me to trade. And if i have time i spend it here reading your excelent posts. I wont be trading today neither, i am not in the mood and the spread is to high anyway.

This bubles by Hans Rosling are interesting, you probably seen a version of it before, howewer you can play with these boubles on your own with his program. It's free.

Wish you all Marry Christmas and good analysing of the past, present and future.
  • #16,143
  • Dec 23, 2011 1:47am Dec 23, 2011 1:47am
Quoting GoldMan.
Can't believe I slept almost 11 hours.

Trying this filter that Tyoon gave me, feeling good right now, hope it brings my chart reading in to a new level but can really say it in couple of months, just testing it.
Shorting dax:
I'm joining you with some christmas pippin. BTW, cheers bro, learning a lot from you.

..
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  • #16,144
  • Dec 23, 2011 1:56am Dec 23, 2011 1:56am
Quoting Tyoon
I'm joining you with some christmas pippin. BTW, cheers bro, learning a lot from you.

..


Sitting in resistance right now but would like to see at least 35 pip fall to this gray demand zone.
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  • #16,145
  • Dec 23, 2011 2:00am Dec 23, 2011 2:00am
Quoting GoldMan.


Sitting in resistance right now but would like to see at least 35 pip fall to this gray demand zone.
Nice work on holding it. This would have made me close the position, I get real suspicious of those pins... along with hitting an EMA:

..
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  • #16,146
  • Dec 23, 2011 2:08am Dec 23, 2011 2:08am
yeah lol i tped too fast as well on DAxx on those barrage of pins...


was one hell of a a short. was usuing smaller lots that equal to my usual one so it was fine mm wise lol its not gamblng... just saw exploitable facts on the chart.

volume.
but i chickend out at 3 pins in a row lol

6 sell orders x 0.01 = 0.06 net lots... its quite tiny...

and exited due to falling volume on falling price and the reverse upthrust. and gaps usually are demand zones so TP i guess for me..
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Have I got something on my face, SOLDIER?
  • #16,147
  • Dec 23, 2011 2:09am Dec 23, 2011 2:09am
Quoting Tyoon
Nice work on holding it. This would have made me close the position, I get real suspicious of those pins... along with hitting an EMA:

..
It's just little correction doji, now it's in decision point, more move down or direction up. H1 candle formed doji and that can be good for bulls.
  • #16,148
  • Dec 23, 2011 2:11am Dec 23, 2011 2:11am
Quoting bumapatria
yeah lol i tped too fast as well on DAxx on those barrage of pins...


was one hell of a a short. was usuing smaller lots that equal to my usual one so it was fine mm wise lol its not gamblng... just saw exploitable facts on the chart.

volume.
but i chickend out at 3 pins in a row lol

6 sell orders x 0.01 = 0.06 net lots... its quite tiny...
Wow buma, your chart and execution look radically different. Congrats mate, merry christmas.
  • #16,149
  • Dec 23, 2011 2:13am Dec 23, 2011 2:13am
Quoting Tyoon
Wow buma, your chart and execution look radically different. Congrats mate, merry christmas.
well its NOT a gap trade for sure LOL

yeah its no problem i need to learn to stack because i never did before and too scared too. i believe i can do so with normal lot size but just divide it.

of course, i need to close em out fast as well....
Have I got something on my face, SOLDIER?
  • #16,150
  • Dec 23, 2011 2:32am Dec 23, 2011 2:32am
USDX got some support there and preparing for heading up again.... 1+1 = 2?
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  • #16,151
  • Dec 23, 2011 2:43am Dec 23, 2011 2:43am
Stocks going good ... compare to yesterday. Follow the Red Line for comparing yesterday.
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  • #16,152
  • Dec 23, 2011 2:54am Dec 23, 2011 2:54am
Quoting bumapatria
well its NOT a gap trade for sure LOL

yeah its no problem i need to learn to stack because i never did before and too scared too. i believe i can do so with normal lot size but just divide it.

of course, i need to close em out fast as well....
Rule for thumb for me; scale in on top of minor retracements (which it looks like you did on the last order).
  • #16,153
  • Dec 23, 2011 2:56am Dec 23, 2011 2:56am
Greens are ahead than Reds....but both of the figures shows a fight continuation..
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  • #16,154
  • Dec 23, 2011 2:57am Dec 23, 2011 2:57am
anyone trade now?
If there was easy money lying around,no one would be forcing it into your
  • #16,155
  • Dec 23, 2011 3:02am Dec 23, 2011 3:02am
Quoting FXMindset
anyone trade now?
Scalping bro.
  • #16,156
  • Dec 23, 2011 3:05am Dec 23, 2011 3:05am
Bonds & Interest Rates: US data is good
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  • #16,157
  • Dec 23, 2011 3:06am Dec 23, 2011 3:06am
Quoting rekon67
Greens are ahead than Reds....but both of the figures shows a fight continuation..
Does your broker feed you other asset data other than forex? You can look at the charts in mt4 instead of looking a percent gains/loss.
  • #16,158
  • Dec 23, 2011 3:08am Dec 23, 2011 3:08am
Call for QE to Stave Off Euro Deflation

http://media.cnbc.com/i/CNBC/Section...l_bank_200.jpg

A top European Central Bank policymaker has called for “quantitative easing” to be used to boost the euro zone economy if deflation risks emerge across the 17-country region.

The comments by Lorenzo Bini Smaghi, ECB executive board member, are the strongest indication yet that the central bank would expand its policy tools to prevent a possible disastrous economic slump in continental Europe.

In an interview with the Financial Times, Mr Bini Smaghi also hinted at frustration over the UK’s reluctance to join efforts to strengthen the euro zone. The euro’s success was in the City of London’s interest, he said. “The European Union, and ECB, would certainly contribute to help Britain if London was in difficulty. I would thus expect a reciprocal attitude.”

Speaking in Frankfurt on Thursday, Sir Mervyn King, governor of the Bank of England, said swift implementation of measures to shore-up the euro zone was of “utmost importance”, warning that “stressed financial conditions are passing through to the real economy”.

The Italian Mr Bini Smaghi steps down at the end of the year to make way for a Frenchman on the ECB board. So far, ECB policymakers have been wary about commenting on using “quantitative easing” – creating money and buying assets – if necessary to boost growth prospects. But his comments indicated its possible use had been debated within the central bank.

Mario Draghi, ECB president, sidestepped a question on quantitative easing in an interview with the FT published earlier this week, saying his priority was to restore trust in Europe. “We won’t achieve that by destroying the credibility of the ECB,” Mr Draghi said.

Mr Bini Smaghi said: “I do not understand the quasi-religious discussions about quantitative easing.” Such steps had been taken in the US and UK, where the central bank had seen deflation risks. Currently, the ECB did not see deflation risks for the euro zone. “But if conditions changed … I would see no reason why such an instrument, tailor-made for the specific characteristics of the euro area, should not be used.”

Mr Bini Smaghi stressed the importance of central bankers acting decisively. He did not rule out the ECB stepping up its intervention in euro zone government bond markets – perhaps by announcing a limit for yields or the spread between the yield on German and other governments’ bonds. Germany’s Bundesbank has opposed such a step, saying it would breach a European Union ban on central banks funding governments. Highlighting the splits at the ECB, Germany’s Jürgen Stark is also leaving the ECB board this month after opposing goverment bond buying.

The ECB had a “duty of action” to ensure financial markets transmitted its interest rate decisions to the real economy, Mr Bini Smaghi argued. In an apparent dig at his German colleagues, he said policymakers should not “hide behind lawyers to avoid taking action.”

On Wednesday, the ECB provided 489 billion euros in three-year loans to more than 500 banks as part of its efforts to relieve tensions in the euro zone financial system. Mr Bini Smaghi said the strong demand for ECB funds “may be a sign of confidence gradually returning”.

Many in the markets think the ECB will have to take further action to bring down yields on euro zone sovereign bonds.

David Owen, chief European financial economist at Jefferies, said: “The European Central Bank has helped settle nerves and boost sentiment with its three-year liquidity tender this week. But I don’t expect the fragile truce in the markets will last long. The ECB will surely have to launch QE at some point. I suspect it might be sooner, rather than later.”
Those who say it cannot be done should not interrupt those who are doing it
  • #16,159
  • Dec 23, 2011 3:09am Dec 23, 2011 3:09am
Quoting Tyoon
Does your broker feed you other asset data other than forex? You can look at the charts in mt4 instead of looking a percent gains/loss.
I am building overall idea for the day..not scalping....also I think all top brokers feed and allow trading other than Forex.
  • #16,160
  • Dec 23, 2011 3:14am Dec 23, 2011 3:14am
Quoting Tyoon
Scalping bro.
Find a bit hard scalp for today - see no clear direction - how about you mate
If there was easy money lying around,no one would be forcing it into your
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