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EurAnalysis Kindergarten 24 replies

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  • #17,801
  • Jan 5, 2012 4:30am Jan 5, 2012 4:30am
like i said earlier, on chart No1 was a 4 hour ib,,,No2 was 1 hour ib,,,No3 was were i entered tradeafter it was triggered on the 1 hour bar and finally No4 was the 4 hour trigger which i never took as i was hammering the a/u. But it is an example of ib trading. Which i say again doesnt always work
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,802
  • Jan 5, 2012 4:34am Jan 5, 2012 4:34am
sorry last post but one i said e/u down to 12934 that was obviously a mistake it should of read 12800 then see what happens
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,803
  • Jan 5, 2012 4:37am Jan 5, 2012 4:37am
In my in-decision zone...last time we fell and hit a new low...let's see what happens this time
  • #17,804
  • Jan 5, 2012 4:44am Jan 5, 2012 4:44am
Quoting Tyoon
If I am correct in saying; positive NFP will give us a correction, possibly even start an overdue retracement?

I remember you saying that a lot of the focus will be on the US this year, so the NFP will have a large affect tomorrow?

I don't use MACD that much but there are three divergence swings that have developed.

..
A positive NFP will be good for risk assets and therefore supposedly USD negative as capital flows from the USD safe havens to riskier high yield assets. However, I will not underestimate the power of the Euro crisis to put a cap on any such risk appetite. Trying to decide how certain econ news will impact the Euro right now amounts to Chinese water torture. So, we just have to see how things play out.

Another thing to consider it that a positive NFP number is probably already baked in to the price, so the released number has to be much better than expected in order to bring on risk appetite. Also, most economists feel the the 8.6% unemployment figure from December's NFP will be revised upwards closer to 8.8% or so. Therefore, that is probably priced in also. As such if the figure is not revised and January's figure remains at the low 8.6% level, or drops even more, then we may just get a nice rally, albeit capped.

... and that's my 2 cents worth
Those who say it cannot be done should not interrupt those who are doing it
  • #17,805
  • Jan 5, 2012 4:46am Jan 5, 2012 4:46am
Some like to see it in picture
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  • #17,806
  • Jan 5, 2012 4:49am Jan 5, 2012 4:49am
Quoting billytt
like i said earlier, on chart No1 was a 4 hour ib,,,No2 was 1 hour ib,,,No3 was were i entered tradeafter it was triggered on the 1 hour bar and finally No4 was the 4 hour trigger which i never took as i was hammering the a/u. But it is an example of ib trading. Which i say again doesnt always work
No strategy "always" works Bill. We just have to go for the ones that give us the best odds of working.
It would be nice to see how you conducted the trade on a chart. That would be enlightening for everybody reading your posts.
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #17,807
  • Jan 5, 2012 4:52am Jan 5, 2012 4:52am
Quoting oceanis
Some like to see it in picture
Those who say it cannot be done should not interrupt those who are doing it
  • #17,808
  • Jan 5, 2012 4:57am Jan 5, 2012 4:57am
Fresh new 1hr bar should give us a new picture to trade on...still ranging in my in-decision zone with support@the low.....patience patience patience
  • #17,809
  • Jan 5, 2012 4:59am Jan 5, 2012 4:59am
Quoting oceanis
Some like to see it in picture
I like this EMA Waterfall..btw..which EMA(s) u r using for decision taking?
  • #17,810
  • Jan 5, 2012 4:59am Jan 5, 2012 4:59am
The Supervolcano That Can Devastate Europe Is Showing Signs of Awakening

Every ten to 12 thousand years, there's a volcano in the heart of Europe that goes boom. And not any boom, but a let's-kill-everyone-with-billions-of-tonnes-of-magma boom that would cover everything in ash from England and Denmark to the north of Italy.

Now, the supervolcano that can destroy bad teeth, rude waiters, overpriced wine, olive oil, smelly camping sites, disco music, nudist beaches, pasta, David Hasselhoff and Oktoberfest is awakening

It's been 12,900 years since the last eruption. The supervolcano is located under the Laacher See, a caldera lake in the Eifel mountain range, 15 miles from Koblenz and 30 miles from Bonn, the old capital of West Germany.

Some scientists are saying that the volcano can go now at any time, although there are no official alerts. They are just watching for now. Seismological activity started in 2010, with the latest movements happening last February, when a series of seven earthquakes ranging from 2.0 to 4.5 magnitude were registered in the area.

The lake has been bubbling since with with carbon dioxide gas that comes from the magma under the lake's bed. Maybe this is what Europe needs to get out of the Euro crisis.

http://cache.gizmodo.com/assets/imag...57fbc68123.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #17,811
  • Jan 5, 2012 5:00am Jan 5, 2012 5:00am
i always say they dont always work lol, its like a disclaimer[ATTACH]
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SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,812
  • Jan 5, 2012 5:02am Jan 5, 2012 5:02am
I heard today france auction done because france still fear about their rating by S&P
Bismillah
  • #17,813
  • Jan 5, 2012 5:03am Jan 5, 2012 5:03am
in the last post No1 had a low of 12928 and once the following inside bar/s broke this low it triggered the sell. Please note i didnt enter on the low of the 4 hour candle ib
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #17,814
  • Jan 5, 2012 5:11am Jan 5, 2012 5:11am
Quoting theIEguy9_09
Just a little FYI....easiest trades to make are when price bounces off a new low or high...if you wait till the right time a 10-15pip swing will be @play at a high percentage of the time after the bounce...I did not trade it because as a trader u will get your account blasted trying to trade every bounce and formation you might see so i only trade the extremely sexy formations I see from lows and highs
+5 long.....I entered a min after the new low was reached....my entry was a little early but in the short term I profited but will not make that choice again because it made me nervous...that no trade zone is ruthless and has no soul...trust me it will drain you
  • #17,815
  • Jan 5, 2012 5:14am Jan 5, 2012 5:14am
Quoting PipTrapper
Anybody know a resource, where we could obtain yearly charts. If there would be a yearly candle on eu, then it is a bearish pinbar on 2011. Right?
And if there is such a pinbar, than this lady has to fall. Right?
Not that i give much to pinbars, but yearly charts would be nice to see the biger picture nice and clean.
  • #17,816
  • Jan 5, 2012 5:20am Jan 5, 2012 5:20am
Quoting PipTrapper
Maybe this is what Europe needs to get out of the Euro crisis.
I always enjoy your pro-Euro attitude PT
  • #17,817
  • Jan 5, 2012 5:22am Jan 5, 2012 5:22am
Quoting oceanis
Anybody know a resource, where we could obtain yearly charts. If there would be a yearly candle on eu, then it is a bearish pinbar on 2011. Right?
And if there is such a pinbar, than this lady has to fall. Right?
Not that i give much to pinbars, but yearly charts would be nice to see the biger picture nice and clean.
You will sure get an answer in this thread; j16. They love talking about pinbars ect. There is even a member called 'Pinbar'... ask them.

ADD: yes it is a yearly pinbar but it is not at a top of a range/swing. We are in monthly flag.
  • #17,818
  • Jan 5, 2012 5:23am Jan 5, 2012 5:23am
Quoting PipTrapper
No strategy "always" works Bill. We just have to go for the ones that give us the best odds of working.
It would be nice to see how you conducted the trade on a chart. That would be enlightening for everybody reading your posts.
Cheers
PT
I guess that this might also apply to my earlier comments too.....so here, after a high volumed bullish harami pattern with bullish divergence, I put on a small long in case € took off before the US data later.

My stop quickly went to BE+1 and thus I got +1 after the tweezers pull back from the red S1 pivot level.

Now being lunchtime in Europe, I'll wait for the early US traders...
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Trading Levels with WRBs
  • #17,819
  • Jan 5, 2012 5:30am Jan 5, 2012 5:30am
In-decision zone once again...if we hit a new low expect me to play the bounce.....if price decides to go upward I will formulate entrys based on how money is moving
  • #17,820
  • Jan 5, 2012 5:33am Jan 5, 2012 5:33am
who long's?
If there was easy money lying around,no one would be forcing it into your
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