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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #17,281
  • Jan 2, 2012 8:25am Jan 2, 2012 8:25am
Quoting rekon67
Where ... What ... How ... When ... ? ... Whak!!!!!!!?
?
If there was easy money lying around,no one would be forcing it into your
  • #17,282
  • Jan 2, 2012 8:34am Jan 2, 2012 8:34am
First please read this article...

http://www.marketwatch.com/story/gol...mas-2012-01-02

Then follow the movement of Gold and US Dollar Index in first 15 days of January especially.

Have a great day. I have a birthday supper with 10 others tonight at 6:00 PM at Moishe's. Three of us had our birthdays on December 31 so my nice wealthy friend is taking us all out. It should cost me about $1000 however that is petty cash for him. The thought and intent is the key. We all will have new experiences and meet new people. I got to invite myself, 3 friends and my younger sister.

Steak for me tonight and so it goes.
  • #17,283
  • Jan 2, 2012 8:42am Jan 2, 2012 8:42am
Quoting knoholygrail
First please read this article...

http://www.marketwatch.com/story/gol...mas-2012-01-02

Then follow the movement of Gold and US Dollar Index in first 15 days of January especially.

[b]Have a great day. I have a birthday supper with 10 others tonight at 6:00 PM at Moishe's. Three of us had our birthdays on December 31 so my nice wealthy friend is taking us all out. It should cost me about $1000 however that is petty cash for him. The thought and intent is the key. We all will have new experiences and...
Happy Birthday Sir
If there was easy money lying around,no one would be forcing it into your
  • #17,284
  • Jan 2, 2012 8:43am Jan 2, 2012 8:43am
Quoting FXMindset
2 wave down..should be...
Doesnt mean it go down...
If there was easy money lying around,no one would be forcing it into your
  • #17,285
  • Jan 2, 2012 8:47am Jan 2, 2012 8:47am
Quoting FXMindset
Doesnt mean it go down...
So,Do you mean usually it will go up ?
If there was easy money lying around,no one would be forcing it into your
  • #17,286
  • Jan 2, 2012 8:57am Jan 2, 2012 8:57am
Quoting FXMindset
So,Do you mean usually it will go up ?
Its Holiday
If there was easy money lying around,no one would be forcing it into your
  • #17,287
  • Jan 2, 2012 9:05am Jan 2, 2012 9:05am
break this point euro tend to test lower again....!!
Bismillah
  • #17,288
  • Jan 2, 2012 9:06am Jan 2, 2012 9:06am
Merkel and Sarkozy to Mee in Berlin on Jan 9 to Prepare for Eu Talks- French Govt
Bismillah
  • #17,289
  • Jan 2, 2012 9:07am Jan 2, 2012 9:07am
Quoting knoholygrail

(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.
Good stuff. I actually find 1:00AM more significant than 2:00AM. I think of it as the early bird market. At 6:00 in the UK and 7:00 in Europe, it is when the Europeans wake up and start placing their trades. I also find that the time of greatest volatility is usually after the NYSE opens at 9:30.
Kill the ego, or it will kill the mission.
  • #17,290
  • Jan 2, 2012 9:17am Jan 2, 2012 9:17am
Anybody else watching the cac, could be some serious profit taking before the european close could be nice short.. But could be very wrong also but all techicals are at the roof last time we saw buying like this we saw a massive sell off before the close.. Could be interesting
  • #17,291
  • Jan 2, 2012 9:21am Jan 2, 2012 9:21am
First, I learned that the best time to buy anything — stocks, bonds, real estate — is when no one else wants it.

This is an extremely dangerous strategy which yields one, maybe 2 great trades in a decade. In order to trade this you first need a market crash, and then the ability to identify a trend reversal. In other words you are counting on the reversal of a major (1-20 year) trend. Of course, if you get it right, you can become wildly wealth.

If you ever find yourself in a majority, watch out. The market is too small for a crowd.

I completely disagree. There is one way and only one way to make money in a market-- be on the side spending the most money. If there are more buyers than sellers (measured in dollars) then the market will go up. Ditto the reverse. This is probably the only immutable law of markets.

Dont be confused by the talkers-- people who only observe the market or those that have already spent their wad. They are as significant as the crowd at a sporting event. When you notice that the guys actually talking about buying greatly outnumber the people actually buying, it is a good sign to sell.
Kill the ego, or it will kill the mission.
  • #17,292
  • Jan 2, 2012 9:34am Jan 2, 2012 9:34am
break red point should be DT...till lows
Attached Image (click to enlarge)
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Bismillah
  • #17,293
  • Jan 2, 2012 10:52am Jan 2, 2012 10:52am
Quoting krunfx
break red point should be DT...till lows
Those levels are almost identical to fibs. Gee, I have been going on about fibs a lot recently.
  • #17,294
  • Jan 2, 2012 11:11am Jan 2, 2012 11:11am
Quoting FXMindset
Trying Long UC @ 0.9390 Stop @ 0.9350 TP Target : 0.9500
Even a bit slow,still looking good
If there was easy money lying around,no one would be forcing it into your
  • #17,295
  • Jan 2, 2012 11:30am Jan 2, 2012 11:30am
Quoting FXMindset
Even a bit slow,still looking good
Only forecast
might be wrong
Attached Image (click to enlarge)
Click to Enlarge Name: UC4H.png Size: 39 KB
If there was easy money lying around,no one would be forcing it into your
  • #17,296
  • Jan 2, 2012 11:37am Jan 2, 2012 11:37am
Quoting AaronWard
Good stuff. I actually find 1:00AM more significant than 2:00AM. I think of it as the early bird market. At 6:00 in the UK and 7:00 in Europe, it is when the Europeans wake up and start placing their trades. I also find that the time of greatest volatility is usually after the NYSE opens at 9:30.
Have you seen this excellent video ?

Well worth watching

http://broadcast.ino.com/education/t...eboard_6/?blog

Feedback Welcome
  • #17,297
  • Jan 2, 2012 11:39am Jan 2, 2012 11:39am
Quoting FXMindset
Only forecast
might be wrong
That's saying your forecasting EURUSD to go up outside the UTL. USDCHF is inversely correlated.
  • #17,298
  • Jan 2, 2012 11:45am Jan 2, 2012 11:45am
Quoting Tyoon
That's saying your forecasting EURUSD to go up outside the UTL. USDCHF is inversely correlated.
Maybe only,but temporarly
If there was easy money lying around,no one would be forcing it into your
  • #17,299
  • Jan 2, 2012 11:48am Jan 2, 2012 11:48am
Couldn't agree more. Always go with the majority (in trading that is).


Quoting AaronWard
First, I learned that the best time to buy anything — stocks, bonds, real estate — is when no one else wants it.

This is an extremely dangerous strategy which yields one, maybe 2 great trades in a decade. In order to trade this you first need a market crash, and then the ability to identify a trend reversal. In other words you are counting on the reversal of a major (1-20 year) trend. Of course, if you get it right, you can become wildly wealth.

[color=Navy]If you ever find yourself in a majority, watch out. The...
  • #17,300
  • Jan 2, 2012 11:53am Jan 2, 2012 11:53am
Quoting FXMindset
Maybe only,but temporarly
If the third wave complete and valid then we should go down and form ABC wave before going up while EU need to form the fifth wave before going upside which might be Top @ 1.32 area and settle the ABC wave before turn downside

Disclaimer:
Only a stupid forecast
If there was easy money lying around,no one would be forcing it into your
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