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EurAnalysis Kindergarten 24 replies

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  • #17,541
  • Jan 4, 2012 5:04am Jan 4, 2012 5:04am
Quoting krunfx
now watching it can test n break 1.3 lvl with high power or not after auction result...if not we have a potential rebound there
What are you using to dtermine that ? What does power have to do with it ? The auction result on a scale of one to hundred is at most a 5.

Do not ASSUME ANYTHING. Watch the Price Action.

Does that help you understand ?

Take care...
  • #17,542
  • Jan 4, 2012 5:06am Jan 4, 2012 5:06am
Quoting krunfx
now watching it can test n break 1.3 lvl with high power or not after auction result...if not we have a potential rebound there
thats probably the 1,000,000,000,000th time uve said that

its useless to repost things and go about with the same thign again and again and post "ok" such things.
hope u understand, dont waste space.
Have I got something on my face, SOLDIER?
  • #17,543
  • Jan 4, 2012 5:06am Jan 4, 2012 5:06am
Quoting knoholygrail
If there is anyone and I mean anyone that does not follow EUR/USD with EUR/JPY as a leading indicator THEN you trade with less information then you need and lose an edge. I will explain this again if anyone does not understand.
This is great stuff kno. I enjoyed your excerpt earlier regarding psychology.

Why have you chosen to watch EURJPY and what do you watch out for (patterns etc.)?
  • #17,544
  • Jan 4, 2012 5:08am Jan 4, 2012 5:08am
Quoting bumapatria
thats probably the 1,000,000,000,000th time uve said that

bhahahha.....because....for me 1.3 as the reference level.....and tend to be a psycho level......

if u dont like nevermine..hehe
Bismillah
  • #17,545
  • Edited 5:12am Jan 4, 2012 5:10am | Edited 5:12am
Quoting bumapatria
and the after effect of the supply...


support should be somewhere at em...

2950s. at approximately one more day from now if it does flow that way. if it doesnt then bye bye support me thinks...

had to short it was too many signals to go short
path of no support. should flow freely south
Can you tell me where the Dow will be one day from now ? Do you know the numbers now for NFP on Friday ?

If the answer is NO which it has to be unless Astrology can tell what sign Bernake is (Joke) do not make that assumption. Demand and supply is determined by fundamentals.

What if I told you France will be downgraded two notches on Friday because I have a relationship with someone at Moody's which I do not.

Your comments are welcome.
  • #17,546
  • Jan 4, 2012 5:20am Jan 4, 2012 5:20am
Quoting knoholygrail
Can you tell me where the Dow will be one day from now ? Do you know the numbers now for NFP on Friday ?

If the answer is NO which it has to be unless Astrology can tell what sign Bernake is (Joke) do not make that assumption. Demand and supply is determined by fundamentals.

What if I told you France will be downgeaded two notches on Friday because I have a relationship with someone at Moody's which I do not.

Your comments are welcome.
LOL LOL LOL

id love to se that happen B


and btw im just saying what i am observing on my chart. those angles are my s/r levels. supply and demand are (yeah fundamentally affected) BUT they are the forces of volume and what makes price go up or downwhat moves price is volume of contracts of bids and asks. what causes it is fear and greed.

i dont say will be by the way. i just assume a possibility of an event happening. i m a time trader and hell no do i say "THIS WILL HAPPEN" its just about reacting right and being prepared IF the eventuality happens you know?

anyways.. im not much of a fundies dude u all know that pretyt well by now. Kno and piptrapper might see it as a interest rate going lower or higher and i might see it as volume sentiment changing or time going to be in the topic or some crud like that LOL...

going back to the argument, (friendly one ) supply and demand is determined when they do happen, and by using PPA past price action or a more volume typed POC point of control we can determine a possible rise or fall of an asset or instrument. just like support resistance

using the past and present to possibly and logically predict the future, and IF it happens, we know what to act.

thats my .... concluding sentence?


im basically saying if price and time was at that corner, thats my signal to go long.

i pick a place to trade (more of a point due to x axis of price and y axis of time) so yeah i tend to go here and there.

no harm done kno, just a friendly trader2trader argument right?



take care

and sh$t im ranting lol (like redlion {he taught me well on ranting lol})
Have I got something on my face, SOLDIER?
  • #17,547
  • Edited 5:30am Jan 4, 2012 5:20am | Edited 5:30am
guys and gals.. another thing to keep in mind for the weeks to come:

i retract my opinion, bloomberg thinks something completely different. just have to wait and see

http://biz.yahoo.com/research/earncal/20120109.html

some of the big ones next week: alcoa, JPM
Any prices quoted are futures
  • #17,548
  • Jan 4, 2012 5:21am Jan 4, 2012 5:21am
Quoting Tyoon
This is great stuff kno. I enjoyed your excerpt earlier regarding psychology.

Why have you chosen to watch EURJPY and what do you watch out for (patterns etc.)?
I started trading Demo during September 2003. I Demo traded only until March 9, 2006 and by October 2, 2007 I was managing my FIRST $100,000 US Dollars Real Funds account for a Hong Kong company.

I traded it for only 35 days and had a Net Profit over $19,000 US

I made 1502 FX Trades in 35 days. I did not know then that by having trades in EUR/USD and EUR/JPY long that I was trading almost the same currency pair. When I finally learned that I became a better FX trader.

So I speak with hands on experience and knowledge.

Here is WHY !!!

Last night I posted and pointed out that EUR/JPY was at 100.00

I said that IF EUR/JPY went to 99.50 then EUR/USD would come down with it and NOW you can see EUR/JPY is at 99.68 and EUR/USD is at 1.3002

Simple isn't it ?

The movement is caused by there being more sales in EUR/JPY and the USD/JPY comes into play here along with certain other factors.

Any more questions on this ?
  • #17,549
  • Jan 4, 2012 5:21am Jan 4, 2012 5:21am
Quoting knoholygrail
What are you using to dtermine that ? What does power have to do with it ? The auction result on a scale of one to hundred is at most a 5.

Do not ASSUME ANYTHING. Watch the Price Action.

Does that help you understand ?

Take care...
hehehe....ok2.....i like to speculate like that that my style for analyzing market with my FATA..hehe
Bismillah
  • #17,550
  • Jan 4, 2012 5:27am Jan 4, 2012 5:27am
bank
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If there was easy money lying around,no one would be forcing it into your
  • #17,551
  • Jan 4, 2012 5:30am Jan 4, 2012 5:30am
Quoting krunfx
hehehe....ok2.....i like to speculate like that that my style for analyzing market with my FATA..hehe
Krunfx...do u think it is retest of 1.3 level or retest of 1.28 level ?

Edit: Not able to see him ....
Edit2 : Now I can see him....
  • #17,552
  • Jan 4, 2012 5:31am Jan 4, 2012 5:31am
Quoting knoholygrail
I started trading Demo during September 2003. I Demo traded only until March 9, 2006 and by October 2, 2007 I was managing my FIRST $100,000 US Dollars Real Funds account for a Hong Kong company.

I traded it for only 35 days and had a Net Profit over $19,000 US

I made 1502 FX Trades in 35 days. I did not know then that by having trades in EUR/USD and EUR/JPY long that I was trading almost the same currency pair. When I finally learned that I became a better FX trader.

So I speak with hands on experience and knowledge.

Here is WHY !!!

Last...
Ok Kno, I understand what you are saying, the question on my mind is how?
How do you pick the figure of 99.50? Why is that significant is it an area of supply, important support?
  • #17,553
  • Jan 4, 2012 5:31am Jan 4, 2012 5:31am
how to trade fundamentals:

i dont know how to.

i think its a systemic process of first: analyzing crowd sentiment from the release

then trading the news.

well how do u trade and analyze as it goes?

or do u plan ahead?



need views fundies masters and punks

i dont hate fundies i just cant get myself around it so any comment is well appreciated in advance
Have I got something on my face, SOLDIER?
  • #17,554
  • Jan 4, 2012 5:34am Jan 4, 2012 5:34am
Quoting knoholygrail
Any more questions on this ?
Actually, I am going to be going through your posts today and studying them.

If you have the time, I will most probably have more than one question for you if you will be so kind to answer.

Thank you
  • #17,555
  • Jan 4, 2012 5:35am Jan 4, 2012 5:35am
CHART after german auction result...
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Bismillah
  • #17,556
  • Jan 4, 2012 5:36am Jan 4, 2012 5:36am
Quoting Tyoon
Actually, I am going to be going through your posts today and studying them.

If you have the time, I will most probably have more than one question for you if you will be so kind to answer.

Thank you
If there was easy money lying around,no one would be forcing it into your
  • #17,557
  • Jan 4, 2012 5:37am Jan 4, 2012 5:37am
Quoting knoholygrail
I started trading Demo during September 2003. I Demo traded only until March 9, 2006 and by October 2, 2007 I was managing my FIRST $100,000 US Dollars Real Funds account for a Hong Kong company.

I traded it for only 35 days and had a Net Profit over $19,000 US

I made 1502 FX Trades in 35 days. I did not know then that by having trades in EUR/USD and EUR/JPY long that I was trading almost the same currency pair. When I finally learned that I became a better FX trader.

So I speak with hands on experience and knowledge.

Here is WHY...
trading eur/usd and eur/jpy is not the same. the only reason they trace so closely is because they are both perceived to be safe havens from risk. they are independent countries. if economic catastrophe occurs in one, what happens to the other? surely there will be a deviation.
Any prices quoted are futures
  • #17,558
  • Jan 4, 2012 5:40am Jan 4, 2012 5:40am
and more supply....

watch the green line.
could really create a havoc. or not.

would need to see the angle price hits it
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Have I got something on my face, SOLDIER?
  • #17,559
  • Jan 4, 2012 5:43am Jan 4, 2012 5:43am
Quoting RodMca
Ok Kno, I understand what you are saying, the question on my mind is how?
How do you pick the figure of 99.50? Why is that significant is it an area of supply, important support?
All I need to know is the CORRELATION. That is the SECRET. Please do not tell anyone in case they steal it. (JOKE)

I pointed out last night that if EUR/JPY went below 100.00 the CORRELATION would bring EUR/USD with it.

Now Look at EUR/USD at 1.2975 and EUR/JPY at 99.53

Do a chart. Keep the two next to each other. Use EUR/JPY as a leading indicator.

Learn why this is so.

I have other business now and will not be back until about 7:00 PM EST so enjoy your day.

My closing comment to some other posts.

Your only PURPOSE in trading FX should be to make money.

It is NOT or should not be about your EGO or being right about your misinformed views.

Have an open mind and learn new things.

Otherwise please put on the Dunce Cap and go stand in the corner. This comment is only directed to my lovely Grandson Buma.

Make Money Grandson and the Women will follow close behind. Business first of course and then the young girls only until you reach 18 and then you can move up to ladies.

I hope everyone knows I like to tease only if I like someone.

I once tried to tease Cloggie and it did no go well. He took away my vouchers. Patience will understand.

Good Day Folks... Good Trading !!!
  • #17,560
  • Jan 4, 2012 5:45am Jan 4, 2012 5:45am
Well my TL setups worked out but there was no clear sign of risk off so I didn't enter the trade. I need to get back to my research.

..
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