EurAnalysis

i would be careful with e/u it may suddenly explode but then again it may go in your favour . it looks like it'll go down after hitting on the inside bar of 2 hours ago plus it may follow g/u

Zoom In ...

Is there any rival of mine joined here in FF ... who increased the number with plus one!!!!

One and four-hour charts are being used more often in setting trend and momentum reads in place of daily and weekly reviews which cannot keep track of new-generation momentum flows.

The chaos of the last 3 years has fostered a crisis view point which is by necessity short term. My favorite chart is the 4 hour chart. However, I still find the daily, weekly and monthly essential viewing. This gives me a full picture of what is possible and the "real" trends.

Price action has shown as much sustainable movement happening in Futures market trade as it does in the live cash session for each region, which is a pattern that will only get stronger.

Recently I have found that movement on the futures markets can be greater than the cash market. I also bear in mind that the two are in fact different markets and the futures market is far more subject to manipulation due to its lower liquidity.

a new world of 24-hour market access.

All we need to do now is to clone ourselves and then draw straws. The loser gets the Asian markets.

This point will lead into my conclusion of trading patterns not related to the charts however related to the money flow between asset classes.

I agree conditionally. Chart patterns still work, but the trick is to differentiate between leaders and followers. For example I believe that the US equities are leaders during their market hours and I may well trade the Euro or the CAD based upon chart patterns from the equity markets.

There are pattens that repeat most of the time during specific time periods. I have pointed this out before and this knowledge helps me make good profits. It even happened earlier this morning in low liquidity.

More on this if you please.

sorry bud 67 it is

Lol
Nice pic

i mention the 1 and 4 hour charts using inside bars, but they are good referance points especially to beginners or people trying to make a system. Like i always say i trade a different way but to follow ibs does have merit. your basically following a trend and actually sometimes they replicate fib levels

Zoom More ...

Bunch of Pin Bars are forming in H4 ... explosion is very near ..fasten your seat-belt (Btw...not today ... maybe not tomorrow as well..)

My logic is based on the following information.

(1) The retail market including black box trading is getting larger everyday as witnessed by the increase in volume to about four trillion dollars a day.

We start with Asia and since it is the slowest market and news from the Europe arena is not out as yet the news flow is at a minimum except for unexpected news events that can occur in minutes.

There is a tendency for the retail trader's to go with the momentum rather than the fundamentals which in this case means very short term news or just price action.

(2) At 2:00 AM one hour before Europe opens news start coming out in many forms or at a minimum as traders retail and other wake up it gets digested. The markets are still not open and at 3:00 AM EST as they open and a different type of trader is now in the market the asset classes start moving around and normal large orders are placed.

As the LFB article pointed out there is a different type of envirement for trading now.

I watch for news and a change of direction against the ealier flow just like happened this morning. This happens more often than not.

Then the same process starts about 6:00 AM to 7:00 AM EST and I watch news and comments coming out from North America. There are then other factors entering as both markets soon will trade and different time zones start trading. I think you follow my drift.

Watch these pattens or go back and look at the charts for that time zone. I trade against the retail trader's and join up with the stronger force. I look for momentum while watching the 15 minute charts. Since 5:30 AM the 15 minute Oanda chart has had continuous red dots on the SAR that I use. Getting on board that pattern would have put you in profit mode as it keeps moving down towards 1.2900.

It works fine for me.

Your comments will be welcome and anyone else who wants to enter this important discussion.

we had an ib marked 1 and then a second marked 2, what is happening right now should be a continuation from 2

Any Prediction?

Likely 1...

I can see the 2nd IB closed in lower rate of 1st IB ... so by continuation are u indicating more down for this pair?

Some Important Lessons
All of these experiences helped guide my investment strategies for the rest of my life, and I think you can learn from them too.
First, I learned that the best time to buy anything — stocks, bonds, real estate — is when no one else wants it.
Wait until people's emotions are so powerful they forget the original reasons they started selling in the first place. Wait until people are selling just for the sake of selling. Don't trust the public mood. When everything looks the blackest, it could be the time for a real recovery.
Second, gold can play a very special role in crises — especially monetary crises. Its behavior reflects more than just ordinary supply and demand forces, or even crowd behavior. It's also a mirror of the madness of government.
Third, I learned that it's a mistake to fly by the seat of your pants. Use a benchmark — an indicator you can rely on. Back then, we used the currency in circulation. Today, the world is more complex and you may need an advisor you can trust and follow. Just make sure he's a contrarian and does not follow the crowd!
Fourth, the big pay-off from a crash is not just betting on the decline. It's having the cash — and the courage — to buy the shares when they've reached a bottom and no one else wants to buy. It's by having the stamina and patience to wait for the right time to buy real values. Let the other guy chase the market up. You can afford to wait for a better price.
Fifth, don't be fooled by old, supposedly "foolproof theories," such as the theory that interest rates only go up with inflation. A lot of other things can cause interest rates to soar, such as bond ratings downgrades and the fear of defaults. Another theory — that the Great Depression was a one-time event that can never be repeated — is also flawed. And
several other theories about government intervention, such as those developed by Keynes and other modern economists, are also full of holes.
Sixth, Joe Kennedy's missed opportunity to buy silver — at a dime and some pennies per ounce — is also something you should never forget. He himself wanted to buy silver. He was convinced. But it was too much to convince his advisers, and he missed a great opportunity.
To protect your wealth or to make real money, you have to be your own man. You have to be willing to ignore what everyone else is saying. Listen to their facts and opinions. Then draw your own conclusions — and once you've done that, don't look back.
The more you know, the better. But the more you rely on others to agree with you, the more likely it is you're going to miss your best shots, because those always come when just about everyone else thinks it's "a long shot."
If you ever find yourself in a majority, watch out. The market is too small for a crowd.

Irving Weiss 1908-1997

I first went to work on Wall Street as a typist in 1924 when I was only 16 years old.

I made $25 a week, which was good money. I knew very little about the stock market. But I found it so exciting that I went back four years later as a trader.

I traded some stocks for myself and a few clients. When the '29 crash hit, I was as surprised as everyone else by the utter fury of the decline. But my portfolio was clean. Neither I nor any of my clients had one share of stock.

My good fortune was due to a combination of skepticism, naiveté and just plain poverty.

I saw that real estate prices were plunging. I saw commodities falling. Yet, all around me, investors were going wild over stocks.

If people bought stocks with their own money, it might have been OK. But they were doing it on margin, with broker loans.

These loans, which normally totaled around a half a billion or a billion dollars, surged to a total of $8 billion. That was huge in those days! The entire Gross National Product (GNP) was only a bit over $100 billion.
The rest of the country was sinking. Why should Wall Street be any different? I couldn't understand the discrepancy. I wasn't about to risk my meager savings on something as uncertain as a surging stock market in the midst of sick economy.

Link...

http://www.moneyandmarkets.com/the-t...nvesting-48652

Excellent Share ... Kno

2 wave down..should be...

Part of a Trade Plan should include NO TRADES. We have noise out there and the money flow is at a minimum. If I would even consider a trade it would be short EUR/USD and not before it moved back towards 1.3000 again.

Be careful for Wednesday as it starts in Asia and then Europe and then North America. There will be new facts and new data.

There is a political risk event on Tuesday of great importance after North America is closed. The Iowa voting. This might give us a real initial pulse.

Donald Trump will be watching as well. After May 12, 2012 he might be the wild card if he runs as an independent. The next vote is in New Hampshire on January 10, 2012.

Congress comes back on the 17TH and the Debt Ceiling and the USA gets more attention again. Everyone understands Europe for now. Have a good day and I will return towards the late evening around 10:00 PM EST.

Where ... What ... How ... When ... ? ... Whak!!!!!!!?

Yeah, Thanks knoholygrail