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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #18,341
  • Jan 8, 2012 11:06pm Jan 8, 2012 11:06pm
Quoting knoholygrail
The day that I leave this earth as your friend. Take care and be well.
If there was easy money lying around,no one would be forcing it into your
  • #18,342
  • Jan 8, 2012 11:07pm Jan 8, 2012 11:07pm
Quoting samdani786
I am just trying to cheer you guys and no offence intended.
Still, if anyone feels offended, I apologize

http://www.forexfactory.com/showthre...0676&page=3050
If there was easy money lying around,no one would be forcing it into your
  • #18,343
  • Jan 8, 2012 11:52pm Jan 8, 2012 11:52pm
Here's a S/D indicator I stumbled across. It's MTF. The only change I made to the default settings was to set use.narrow.bands to TRUE. Through it on a chart and see what you think.
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File Type: ex4 SupDem.ex4   13 KB | 276 downloads
Mark ... Everything you have been told is a LIE
  • #18,344
  • Jan 9, 2012 12:21am Jan 9, 2012 12:21am
Quoting spzd
Here's a S/D indicator I stumbled across. It's MTF. The only change I made to the default settings was to set use.narrow.bands to TRUE. Through it on a chart and see what you think.
Sorry spz .. for sneaking in ... why not you feel the yellow highlighted area also capable of creating some Buy pressure? Thx.
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  • #18,345
  • Jan 9, 2012 12:28am Jan 9, 2012 12:28am
FXMindset
If there was easy money lying around,no one would be forcing it into your
  • #18,346
  • Edited 12:35am Jan 9, 2012 12:30am | Edited 12:35am
Quoting rekon67
Sorry spz .. for sneaking in ... why not you feel the yellow highlighted area also capable of creating some Buy pressure? Thx.

I think that area is legitimate.

This S/D thing is very similar to S/R except that to me it seems to use more logical (sound) levels. I'm still in the process of working it out and will keep everyone updated as I go along.

The indicator is not even 100% accurate, but it does draw out some decent areas. It also misses some areas that I would possibly consider. Until I can observe it for awhile I will with hold final judgement, but it seems to have potential.

edit: BTW your not sneaking in and no reason to be sorry. I should have titled that post "Anyone interested".
Mark ... Everything you have been told is a LIE
  • #18,347
  • Jan 9, 2012 12:31am Jan 9, 2012 12:31am
Quoting FXMindset
FXMindset
Hello Fx,

A new week! I understand you will be busy with Philips project ... but please do find time to post the lines whenever you find time in tea-break, lunch-break ..
  • #18,348
  • Jan 9, 2012 12:33am Jan 9, 2012 12:33am
Quoting spzd
I think that area is legitimate.

This S/D thing is very similar to S/R except that to me it seems to use more logical (sound) levels. I'm still in the process of working it out and will keep everyone updated as I go along.

The indicator is not even 100% accurate, but it does draw out some decent areas. It also misses some areas that I would possibly consider. Until I can observe it for awhile I will with hold final judgement, but it seems to have potential.
It is very good indi buddy do appreciate your time and work on this
  • #18,349
  • Jan 9, 2012 12:33am Jan 9, 2012 12:33am
Quoting rekon67
Hello Fx,

A new week! I understand you will be busy with Philips project ... but please do find time to post the lines whenever you find time in tea-break, lunch-break ..
Connection limited
If there was easy money lying around,no one would be forcing it into your
  • #18,350
  • Jan 9, 2012 12:38am Jan 9, 2012 12:38am
Quoting rekon67
It is very good indi buddy do appreciate your time and work on this
I didn't code it. I found it doing a search. It is kind of a neat indi.
Mark ... Everything you have been told is a LIE
  • #18,351
  • Jan 9, 2012 12:41am Jan 9, 2012 12:41am
Quoting FXMindset
Connection limited
Wait untill London Open to confirm the formation valid or not
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If there was easy money lying around,no one would be forcing it into your
  • #18,352
  • Jan 9, 2012 1:48am Jan 9, 2012 1:48am
Quoting FXMindset
Wait untill London Open to confirm the formation valid or not
“Self-disciplined begins with the mastery of your thoughts. If you don't control what you think, you can't control what you do. Simply, self-discipline enables you to think first and act afterward.” - Napoleon Hill

“…A trader can have the best strategies and market knowledge and still get kicked around in the markets if s/he doesn’t apply those tools in a disciplined way.”

“When I talk to people who have blown up their accounts, positions that were too big for the account size have almost always entered into the conversation. Again, people have many reasons why they put on positions that are too big: they want their accounts to grow faster, they want to make up for past losses, or they want to hit a weekly or monthly profit goal after going through a drawdown. It is actually fairly difficult to blow up an account if you use proper position sizing methods—that’s actually a main part of the idea. Implementing proper position sizing models is a discipline that, when followed, grants you the gift of time: time to make mistakes in other areas and learn from them while keeping losses small enough so that you can live long in the markets.”
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If there was easy money lying around,no one would be forcing it into your
  • #18,353
  • Jan 9, 2012 1:49am Jan 9, 2012 1:49am
Quoting spzd
Here's a S/D indicator I stumbled across. It's MTF. The only change I made to the default settings was to set use.narrow.bands to TRUE. Through it on a chart and see what you think.
I'll give that a go.

Here are my levels to watch.

..
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  • #18,354
  • Jan 9, 2012 1:53am Jan 9, 2012 1:53am
Quoting Tyoon
I'll give that a go.

Here are my levels to watch.

..
Lol, it agrees with my second two zones of supply. I will be refining and retuning them when I get back later on.

ADD: I'l keep the indi on another chart and keep an eye on it too.

..
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  • #18,355
  • Jan 9, 2012 1:56am Jan 9, 2012 1:56am
Quoting FXMindset
“Self-disciplined begins with the mastery of your thoughts. If you don't control what you think, you can't control what you do. Simply, self-discipline enables you to think first and act afterward.” - Napoleon Hill

“…A trader can have the best strategies and market knowledge and still get kicked around in the markets if s/he doesn’t apply those tools in a disciplined way.”

“When I talk to people who have blown up their accounts, positions that were too big for the account size have almost always entered into the conversation. Again, people have...
Very sound bits of advice.
Mark ... Everything you have been told is a LIE
  • #18,356
  • Edited 2:27am Jan 9, 2012 2:24am | Edited 2:27am
http://www.actionforex.com/action-in...0120109156910/

Snippet:

German Chancellor Angela Merkel and French President Nicolas Sarkozy are set to meet in Berlin today on details of the fiscal compact agreed in December's EU summit. The will also be discussion on French promoted financial transaction tax, the "Tobin Tax". Such "Tobin Tax" would be applied across EU including UK. But British Prime Minister David Cameron has already expressed his opposition unless the tax is imposed globally. Italian prime minister Mario Monti said that no additional austerity measures are needed to meeting the goal of eliminating deficit in 2013. Italian 10 year yield breached the "unsustainable" 7% level last week and attention would be on whether yield would move farther higher in near term. Bond auction of Spain and Italy on Thursday and Friday will be closely watched, along with ECB meeting.

Dollar index edged higher to 81.47 today as recent rally continues. The medium term outlook remains bullish for the moment. As discussed before, medium term decline from 88.70 should be finished at 72.69 on a head and shoulder bottom pattern. Current rally should target 61.8% retracement from 88.70 to 72.69 at 82.58 and above. In any case, we'll stay near term bullish as long as last week's low of 79.51 holds.
  • #18,357
  • Jan 9, 2012 2:44am Jan 9, 2012 2:44am
gold is quite the bull atm + my long gold bounce at weekly pivot and daily s1 with a pin and venus trine pluto was a nice bull call for gold. 1630 break? we are above monthly pivot atm on gold maintaind hold would mean bullishness and high potential to break 1630 selling wall
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euro longs - price last time made the strong retrace up was around 180 pips range therefore we can expect similar momentum here
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squares indicate targets for longs and possible selling entreis
Have I got something on my face, SOLDIER?
  • #18,358
  • Jan 9, 2012 2:45am Jan 9, 2012 2:45am
I am hesitant to add any shorts until at least 2800 with evidence of a top. we have some event risk today that could drive to retest the 2925 zone. i would hesitate far less to sell there.
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Any prices quoted are futures
  • #18,359
  • Jan 9, 2012 2:49am Jan 9, 2012 2:49am
if any of u remeber this chart i posted a day ago i think - we mgiht have nailed the bottom well from this perspective
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Have I got something on my face, SOLDIER?
  • #18,360
  • Jan 9, 2012 2:58am Jan 9, 2012 2:58am
Quoting bumapatria
if any of u remeber this chart i posted a day ago i think - we mgiht have nailed the bottom well from this perspective
I do remember you calling it mirror image, question is do you really believe it already hit the bottom? This retracement up is likely since EUR got buyers @ 1.266x ... but now it is important to watch how long EUR could keep up this momentum .. may be this is another 'hopium' before summit?
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