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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #17,461
  • Jan 3, 2012 8:18pm Jan 3, 2012 8:18pm
Morning2 So cute all
If there was easy money lying around,no one would be forcing it into your
  • #17,462
  • Jan 3, 2012 8:21pm Jan 3, 2012 8:21pm
your correct, i was battered yesterday and i can only assume it was due to the holiday period. i normally have a loss one in five which is expected and so far today i am back on track. happy trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,463
  • Jan 3, 2012 8:22pm Jan 3, 2012 8:22pm
Quoting FXMindset
Morning2 So cute all
"Pippin aint easy"
  • #17,464
  • Jan 3, 2012 8:23pm Jan 3, 2012 8:23pm
hi bud how are you
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,465
  • Jan 3, 2012 8:25pm Jan 3, 2012 8:25pm
Quoting Buitragojl
My ultimate Bias on E/U is short but im long currently as i feel this is a retracement. the Daily Trendline (as shown in red line on attachment) has been broke and i expect a 3 wave correction to 1.33 (as it being a pychological number) although i will be protecting profits and watching price action around 1.32/1.325

The upper trendline is what i believe will cap this rally. Just my view good luck to all
We can see things many ways. Your views are welcome and respected. If I can be helpful without being judgemental it will be my pleasure.

Follow my posts on money flow. It is about Risk On and Risk Off and now I will give you a real example. If you already know this that is fine. If not it can only help you.

Let's talk about correlation.

Right now EUR/JPY is at 100.00 If it breaks 100.00 and goes to say 99.50 it will bring EUR/USD down. Watch USD/JPY at 76.65 which causes EUR/JPY to move. There is reasons for every movement. Put up a parralel chart of EUR/JPY and USD/JPY and you will see what I mean.

When the Dow goes up and IT IS NOT SHOWN IN ANY CHART IN THE WORLD NOW then what happens is the US Bonds are sold off and the Yields Go up and the US Dollar Index usually goes down. This causes money to be parked in USD/JPY until the BOJ intervenes.

This will give you a quick idea of what I mean. This bis NOT Rocket Science.

It is trading knowledge and experience.
  • #17,466
  • Jan 3, 2012 8:26pm Jan 3, 2012 8:26pm
Quoting billytt
hi bud how are you
am fine
how about you mate?

Would be back later during London open


Many thanks and God bless
If there was easy money lying around,no one would be forcing it into your
  • #17,467
  • Jan 3, 2012 8:32pm Jan 3, 2012 8:32pm
Thanks to Trade The News !!!

Wednesday, Jan 4th

02:45 EUR French Consumer Spending

04:30 GBP Construction; Net Lending to Individuals

05:00 EUR CPI Flash Estimate

10:00 USD Factory Orders

17:30 AUD AIG Services Index

19:30 AUD Trade Balance

Thursday, Jan 5th

02:00 EUR German Retail Sales

Tentative CHF Foreign Currency Reserves

04:30 GBP Services PMI; BOE Credit Conditions Survey

05:00 EUR Industrial New Orders

08:15 USD ADP Non-Farm Employment Change

08:30 CAD RMPI

08:30 USD Unemployment Claims

10:00 CAD Ivey PMI

10:00 USD ISM Non-Manufacturing PMI

10:30 USD Natural Gas Storage

11:00 USD Crude Oil Inventories
Friday, Jan 6th

03:15 CHF CPI

05:00 EUR
Retail Sales; Unemployment Rate

06:00 EUR
German Factory Orders
07:00 CAD
Employment Change; Unemployment Rate

08:30 USD Non-Farm Employment Change; Unemployment Rate; Average Hourly Earnings
  • #17,468
  • Jan 3, 2012 8:34pm Jan 3, 2012 8:34pm
Quoting knoholygrail
Of course the answer is yes. In my own words here is what every winning trader needs to have.

First of all before everything else you need to have the interest and desire to trade forex. Then you need to have the time and energy to invest in learning the tools of your trade.

Then you require a sound mind and common sense and good learning skills.

Learning how to deal with your fears, your greed and your ego is next in my list.

The TRADING is the easy part.

You need to know what moves the markets and the various asset classes....
Great breakdown! I totally agree with you. I believe that trading requires great analysis, precise timing, and proper capital. Now, to understand what that details you need proper education. I'm an advocate for price action. I use fundies to inform me on when price will move and how strong. Technicals are a great tool,but can be confusing if you dont know how to interpret them. I use S & R lines, RSI indicator, Parabolic SAR, and volume indicators. I keep it very simple. I have a question for you. What do deem as a more effective entry, awaiting confirmation at a psychology level or placing limit/ stop orders?
I have multiple personalities... Bull today Bear tomorrow!
  • #17,469
  • Jan 3, 2012 8:36pm Jan 3, 2012 8:36pm
i am fine thanks. i am just in process of smashing a/u. that pair gave me a headache yesterday but i am now back on track only thing is i see it nearing a support level. what i should do is go to bed and let the trades go lol. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,470
  • Jan 3, 2012 8:43pm Jan 3, 2012 8:43pm
A/U, E/U, and E/J all moving down pretty good. This will be a very profitable evening.
Mark ... Everything you have been told is a LIE
  • #17,471
  • Jan 3, 2012 8:43pm Jan 3, 2012 8:43pm
Quoting knoholygrail
We can see things many ways. Your views are welcome and respected. If I can be helpful without being judgemental it will be my pleasure.

Follow my posts on money flow. It is about Risk On and Risk Off and now I will give you a real example. If you already know this that is fine. If not it can only help you.

Let's talk about correlation.

Right now EUR/JPY is at 100.00 If it breaks 100.00 and goes to say 99.50 it will bring EUR/USD down. Watch USD/JPY at 76.65 which causes EUR/JPY to move. There is reasons for every movement. Put up a parralel...

Right now EUR/JPY is at 99.85 and EUR/USD is at 1.3025 and that was simple was it not.

It took me 8 years to reach this point so I have paid my dues.
  • #17,472
  • Jan 3, 2012 8:49pm Jan 3, 2012 8:49pm
indeed you are correct. i have waited for for a/u to drop for what seems ages. i normally chase 40 pips thats all. but today my main trade took 40 pips and my other trades i made compounding more or less every 5 pip drop i hit 160 pips so hey ho happy days i am back to normal.
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,473
  • Edited 8:52pm Jan 3, 2012 8:49pm | Edited 8:52pm
Quoting BullsVsBears
Great breakdown! I totally agree with you. I believe that trading requires great analysis, precise timing, and proper capital. Now, to understand what that details you need proper education. I'm an advocate for price action. I use fundies to inform me on when price will move and how strong. Technicals are a great tool,but can be confusing if you dont know how to interpret them. I use S & R lines, RSI indicator, Parabolic SAR, and volume indicators. I keep it very simple. I have a question for you. What do deem as a more effective entry, awaiting...
The cost is your time to learn it. My reward is your success. There is more to life than just money. I am a giver and in return I get back more than I give in my happiness.

I think you understand.

Follow my posts here and I will explain. It is about patterns that repeat along with support and resistance and a few other things I have learned on my own over the years.

Trading Forex is my life and my passion and my desire is to become the best there was, the best there is.

Was that Brett Hart's line of WWE ? Smile !!!

http://en.wikipedia.org/wiki/Bret_%2...e_Ever_Will_Be
  • #17,474
  • Jan 3, 2012 8:50pm Jan 3, 2012 8:50pm
Quoting knoholygrail
We can see things many ways. Your views are welcome and respected. If I can be helpful without being judgemental it will be my pleasure.

Follow my posts on money flow. It is about Risk On and Risk Off and now I will give you a real example. If you already know this that is fine. If not it can only help you.

Let's talk about correlation.

Right now EUR/JPY is at 100.00 If it breaks 100.00 and goes to say 99.50 it will bring EUR/USD down. Watch USD/JPY at 76.65 which causes EUR/JPY to move. There is reasons for every movement. Put up a parralel...
Correlation is something that ive recently been intrested in and have taken into consideration into my personal trading plan. Coincendentially BOJ intervention is what caused my previous accounts to bust . Intresting enough as i type this Eur/jpy has broken 100.00!!! This is a great help to me as i will be studying correlations so thanks Knoholy. Ill be outing my longs if 99.50 and or / 1.2995 are broken for possibly a small loss but it will be ok because i have used good M/M. This is the beauty in trading. Although the price has fallen right now rapidly i hold. In past i would of exited my trade impulsivly. thanks again and best wishes
"Pippin aint easy"
  • #17,475
  • Jan 3, 2012 8:54pm Jan 3, 2012 8:54pm
Quoting billytt
indeed you are correct. i have waited for for a/u to drop for what seems ages. i normally chase 40 pips thats all. but today my main trade took 40 pips and my other trades i made compounding more or less every 5 pip drop i hit 160 pips so hey ho happy days i am back to normal.
Took 55 from A/U and 35 each from E/U and E/J. 125 total. Can't complain. And like you, I don't try to hit those 150+ pip trades. Anything between 25 and 60 at 2 standard lots does me just fine.
Mark ... Everything you have been told is a LIE
  • #17,476
  • Jan 3, 2012 8:54pm Jan 3, 2012 8:54pm
following the break of the 4 hour ib on e/u i see we could of made approx 20 pips. i did not trade this as i was more concerned with a/u
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,477
  • Jan 3, 2012 8:56pm Jan 3, 2012 8:56pm
Quoting Buitragojl
Correlation is something that ive recently been intrested in and have taken into consideration into my personal trading plan. Coincendentially BOJ intervention is what caused my previous accounts to bust . Intresting enough as i type this Eur/jpy has broken 100.00!!! This is a great help to me as i will be studying correlations so thanks Knoholy. Ill be outing my longs if 99.50 and or / 1.2995 are broken for possibly a small loss but it will be ok because i have used good M/M. This is the beauty in trading. Although the price has fallen right...
You are very welcome. It is my pleasure to share my knowledge.
  • #17,478
  • Jan 3, 2012 9:01pm Jan 3, 2012 9:01pm
thats good, i assume you know how you made the pips. I am not being nasty i have good intentions lol. even though i dont use indies but i am liable to contradict myself i will sometimes look at the average daily range and if it looks in my favour i will let the trade carry and yes i have made 100 + pip gain. and like today i mentioned a/u nearing a support level. Happy trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,479
  • Jan 3, 2012 9:07pm Jan 3, 2012 9:07pm
Quoting billytt
thats good, i assume you know how you made the pips. I am not being nasty i have good intentions lol. even though i dont use indies but i am liable to contradict myself i will sometimes look at the average daily range and if it looks in my favour i will let the trade carry and yes i have made 100 + pip gain. and like today i mentioned a/u nearing a support level. Happy trading
Yes. I use a combination of the system I trade and supply/demand zones. The system uses indies, but they're set up different. It uses linear regression and the indies are based off that. Rather complicated. The supply/demand zones have really enhanced this system.

I would strongly suggest to everyone, no matter what type of system you use, to incorporate supply/demand zones into it.
Mark ... Everything you have been told is a LIE
  • #17,480
  • Jan 3, 2012 9:12pm Jan 3, 2012 9:12pm
have you ever tried trading with just supply/demand zones. i am only asking as the way i trade i keep it so simple and it isnt supply/demand
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
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