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  • #18,501
  • Jan 9, 2012 8:54pm Jan 9, 2012 8:54pm
Quoting knoholygrail
Do you know what news comes out during Tuesday, January 10, 2012 ?

Can any of those news items move the markets ?

What if we get a down day on Tuesday of 150 points on the Dow ?

Where do you think the money will go by the sale of the Dow stocks ? Do you think it will go into the Euro or into US Treasuries ?
  • #18,502
  • Jan 9, 2012 8:55pm Jan 9, 2012 8:55pm
Quoting knoholygrail
As you well know I trade first using fundamentals then technicals.

However for the sake of this discussion I have a question for you ?

I have NO IDEA where EUR/USD will be at this same time on Tuesday nor does it matter to me. However I do know that certain things are constant MOST OF THE TIME !!!

Do you know what news comes out during Tuesday, January 10, 2012 ?

Can any of those news items move the markets ?

What if we get a down day on Tuesday of 150 points on the Dow ?

Where do you think the money will go by the sale of the Dow stocks...
Thanks Kno for stepping in. You are right Fundamentals can change the entire pictures of technicals. My little understanding for today is we do not have any major news's which could consider major move for this pair.

Monthly trend almost set up by the NFP where we find US data good, so eventually if EUR rise today or through-out this week we will get more and more good sale points (that is my tech view).

My chart can not project stock market up n downs in that case we need to take the flow and go by with it.

May be looking at the chart and projection before the day start has no sense but I feel it do sense when at the days end you try to compare both of the picture ... in longer term it helps, I believe.
  • #18,503
  • Jan 9, 2012 8:56pm Jan 9, 2012 8:56pm
Lately there has been a disconnect at times between Risk On and Risk Off as relates to EUR/USD and the SP500

Perhaps a Daily Chart or 4 Hour Chart to show the Correlation between SP500 and EUR/USD...

Thanks for considering this request.
  • #18,504
  • Jan 9, 2012 8:57pm Jan 9, 2012 8:57pm
Quoting bumapatria
the volumes in mt4-base indicator is real-time.

there are other ones like better volume and BW MFI + volumes if ure into bill williams but if u want simplicity go ahead with metatrader's base.

if u like VSA - go with better volume. i have the 1.3 version its old but i like it - not sure u wil so give a search for 1.5 or 1.4 version
I am looking for something a little more appealing to the eye than the MT4 volumes. I would rather see volume indicator that can paint at price levels of interest if that is possible. I hope you understand what I'm asking. Hell, I hope I understand what I'm asking!
  • #18,505
  • Jan 9, 2012 9:03pm Jan 9, 2012 9:03pm
Quoting rekon67
Thanks Kno for stepping in. You are right Fundamentals can change the entire pictures of technicals. My little understanding for today is we do not have any major news's which could consider major move for this pair.

Monthly trend almost set up by the NFP where we find US data good, so eventually if EUR rise today or through-out this week we will get more and more good sale points (that is my tech view).

My chart can not project stock market up n downs in that case we need to take the flow and go by with it.

May be looking at the chart and...

They are very valuable tools and they show pictures of what is going on in a very clear way. I just suggest that you look at other factors as well.

Here is January 10, 2012 Data ...

Jan 10Filter http://www.forexfactory.com/images/misc/menu_open.gifDate9:58pmCurrencyImpact DetailActualForecastPreviousChartTue
Jan 10 2:45am EUR
French Industrial Production m/m

0.1%0.0%

http://www.forexfactory.com/images/misc/ic_chart.png 8:15am CAD
Housing Starts

186K181K

http://www.forexfactory.com/images/misc/ic_chart.png 10:00am USD
IBD/TIPP Economic Optimism

45.342.8
http://www.forexfactory.com/images/misc/ic_chart.png 10:00am USD
Wholesale Inventories m/m

0.5%1.6%
http://www.forexfactory.com/images/misc/ic_chart.png 10:30am USD
FOMC Member Williams Speaks


11:10am USD
FOMC Member Pianalto Speaks


7:01pm GBP
BRC Shop Price Index y/y
2.0%
  • #18,506
  • Jan 9, 2012 9:05pm Jan 9, 2012 9:05pm
Quoting Gofer Pips
I am looking for something a little more appealing to the eye than the MT4 volumes. I would rather see volume indicator that can paint at price levels of interest if that is possible. I hope you understand what I'm asking. Hell, I hope I understand what I'm asking!
this indicator from mql4 code base ...this is a volume indicator which is eye catchy ... may be you can just have a look?
Attached File(s)
File Type: mq4 TVI_v2.mq4   9 KB | 349 downloads
  • #18,507
  • Jan 9, 2012 9:11pm Jan 9, 2012 9:11pm
Quoting knoholygrail
They are very valuable tools and they show pictures of what is going on in a very clear way. I just suggest that you look at other factors as well.

Here is January 10, 2012 Data ...

Jan 10Filter http://www.forexfactory.com/images/misc/menu_open.gifDate9:58pmCurrencyImpact DetailActualForecastPreviousChartTue
Jan 10 2:45am EUR
French Industrial Production m/m

0.1%0.0%...

Thanks kno ...

Just for my better understanding on the impact need your help further .

last news for GBP i am putting away since it is not for today.
I do need to understand if it is a 186K news which means how many pips up/down ..please?
  • #18,508
  • Jan 9, 2012 9:12pm Jan 9, 2012 9:12pm
With continued volatility in both gold and silver, King World News wanted to speak with James Turk to get his take on the situation. Turk described what is currently taking place in the gold market as a war and he believes investors, like soldiers in a battle, must keep a cool head: “There is a war going on with regard to gold and people are lined up on both sides. The central planners want gold to disappear, but gold is not going to disappear because it’s been money for 5,000 years. What the central planners and the manipulators and government agents and everybody else are doing is they are putting out a lot of anti-gold propaganda.”
http://kingworldnews.com/kingworldne...ld_Market.html

Snippet:

Eventually that erodes people’s emotions and causes them to turn negative. In the early 1980s I worked with one of the top commodity traders in the world. The things that (Jesse) Livermore talked about, this guy used to put together. It was just holding those positions for the long-term bull market and that’s how you make the really big money. The reason so few people make the big money, when it comes to the markets, is they let the emotion and the noise, that comes from day to day, interfere with their long-term focus.



You know, Eric, the main thing is the problems that have been plaguing the international monetary system for the past several years, they haven’t gone away. They haven’t been solved. In fact, they are not even being properly addressed with solutions to solve these problems. So we have to assume we are going to continue down this same road we’ve been on, which ultimately means currency debasement and consequently higher metals prices.



As I’m fond of saying, ‘We always have to be focusing on the big picture.‘ Particularly now when emotions run wild six months after a correction in both of the precious metals prices. We cannot lose sight of the big picture. The reasons for owning gold and silver now are probably just as good as they were when gold and silver were half the price they are today. They are still very undervalued and we still have a long way to go in this bull market.



This is exactly what you see during these deep corrections in bull markets. Apple had 5 deep corrections and it shook out a lot of people and then the market moved up without them getting back in. Once you are out, it’s very difficult to jump back in on the buy side....
  • #18,509
  • Edited 9:17pm Jan 9, 2012 9:15pm | Edited 9:17pm
Quoting rekon67
Thanks kno ...

Just for my better understanding on the impact need your help further .

last news for GBP i am putting away since it is not for today.
I do need to understand if it is a 186K news which means how many pips up/down ..please?
8:15am CAD
Housing Starts
http://www.forexfactory.com/images/m...etail_star.gif
186K181K

181 K is previous and 186 K is Consensus

If it is 225 K it is good and 150,000 is not so good. USD/CAD is a small part of US Dollar Index... Oil up or down has more effect. Watch Gold and Oil...
http://www.forexfactory.com/images/misc/ic_chart.png
  • #18,510
  • Jan 9, 2012 9:18pm Jan 9, 2012 9:18pm
Quoting knoholygrail
Lately there has been a disconnect at times between Risk On and Risk Off as relates to EUR/USD and the SP500

Perhaps a Daily Chart or 4 Hour Chart to show the Correlation between SP500 and EUR/USD...

Thanks for considering this request.

I am teasing however the charts would help us all...
  • #18,511
  • Jan 9, 2012 9:19pm Jan 9, 2012 9:19pm
Quoting rekon67
this indicator from mql4 code base ...this is a volume indicator which is eye catchy ... may be you can just have a look?
Thanks, I tried it, but I am looking more for something that might show volumes at price levels in the right or left margin of chart in main chart, not in an indicator window.

EDIT: TOP OF PAGE
  • #18,512
  • Jan 9, 2012 9:19pm Jan 9, 2012 9:19pm
Quoting bumapatria
..PS - whats the fibs for then? just a q. an obserrvation of price behaviour at 2x the past swing? 3x 4x etc - i know its an experiment but what kind of results are u expecting? price reaching them as targets? least thats what i saw on wavesurfers thread u sent me.
In the thread I did not get any ready made set up but since the author is using fib levels by noticing the levels I assumed those are 100, 200, 300 and 400 fibs (wired is n't it?)

Edit: for the result, if price stays above 100 then the target would be reaching 200 and securing the profit for further move to 300 .. 400 is likely a over bought zone and price will start retracing back or major sale will happen..
  • #18,513
  • Edited 9:22pm Jan 9, 2012 9:21pm | Edited 9:22pm
You are invited to post and share your thoughts.

No Biting Allowed here. Just Hugs and Kisses ...

members) rekon67http://www.forexfactory.com/images/misc/7kt.gif, zamri, mydien01, spzdhttp://www.forexfactory.com/images/misc/4kt.gif, happygiraffe

members) rekon67http://www.forexfactory.com/images/misc/7kt.gif, Gofer Pipshttp://www.forexfactory.com/images/misc/10+kt.gif, zamri, mydien01, spzdhttp://www.forexfactory.com/images/misc/4kt.gif, happygiraffe
  • #18,514
  • Jan 9, 2012 9:22pm Jan 9, 2012 9:22pm
Quoting Gofer Pips
Thanks, I tried it, but I am looking more for something that might show volumes at price levels in the right or left margin of chart in main chart, not in an indicator window.
Yeah I get your point will do more search on this then ... I believe it is something which almost of all MT4 traders searched for a long time but no solution yet since we yet to get such technically supported data center from our broker ..
  • #18,515
  • Jan 9, 2012 9:22pm Jan 9, 2012 9:22pm
Your post was not directed towards me, but I feel a need to answer. As I have stated before, I am mostly a technical trader, but since spending time here have come to use more fundamental analysis in my trading. Here are my answers (they're in blue as I'm not completely forum literate so I just copy and pasted your post):
_______________________________________________________________

As you well know I trade first using fundamentals then technicals.
However for the sake of this discussion I have a question for you ?
I have NO IDEA where EUR/USD will be at this same time on Tuesday nor does it matter to me. However I do know that certain things are constant MOST OF THE TIME !!!

Do you know what news comes out during Tuesday, January 10, 2012 ?

This is one area I do pay attention to. For tomorrow there are no significant economic releases that will directly affect the Euro. Because of this for price to move with any significance I will have to consider other things.

Can any of those news items move the markets ?

See above for the answer.

What if we get a down day on Tuesday of 150 points on the Dow ?

If a down day comes tomorrow, it will be because of two things. One is what the Euro does in the London session and two earnings reports.

Where do you think the money will go by the sale of the Dow stocks ? Do you think it will go into the Euro or into US Treasuries ?

My thinking on this is by the time New York opens assuming a down move in the DOW that the money will go to US Treasuries.

If it goes into US Bonds specifcally the 2 Year US Bonds and the 10 Year US Bonds will the Bond Yields go up or down ?

This I cannot answer as I am not that informed on this matter. It is something I am still educating myself on.

If you cannot answer some of these questions I would not be too concerned what the charts show other than SUPPORT and RESISTANCE.
These questions were asked to show you certain factors that the CHARTS cannot tell you.
What do you think ?
Respectfully submitted for your consideration.

I attempted in the past to predict where price would move, but it was a futile exercise. So now I just do my best based on my small, but growing knowledge of fundamentals combined with the technicals on my charts to get into moves that will reward me with 30 or 40 pips. Anything more is a bonus.

I'm hoping this adds a bit of warmth to your heart in knowing some of us are taking what you, PT, and others have offered in ways of using fundamental knowledge to improve our trading.
Mark ... Everything you have been told is a LIE
  • #18,516
  • Jan 9, 2012 9:26pm Jan 9, 2012 9:26pm
http://www.hindecapital.com/docs/hil...d%20I%20Go.pdf

On a Serious Note Please Read This. The Author has great insight and your knowledge base will move up and it is topical on Euro Zone.

Feedback is welcome...

Snippet:

It is not the purpose of this piece to debate Cameron's decision or even his diplomacy skills;
we were not party to the discussions, and cannot be too swayed by a cacophony of
conflicting views on the subject. Has he scored a huge own-goal or the European Final
winning penalty? Time will tell. Cameron's veto garnered more attention than whether or
not the EU Summit put together any initiatives that can actually prevent a disorderly breakup
of the union.

The purpose of this piece is to re-examine the viability of the European Union one full year
on from when we wrote our

HindeSight Letter December 2010 - The Euro Brady Bunch. It
would be fair to say that you could sum up that piece with the quote we gave from the
economist Herbert Stein, "If something cannot go on forever, it will stop."
So this is where we still stand today. We believe the structural integrity of the eurozone is
broken irrevocably, as a complex web of cross-border funding of sovereign nations vis a vis
each other and also their respective banks has imperilled their viability and (?). Something
has to give and the question of to exit or not to exit may well be rephrased as "How Will I
Go and When Will I Go?"

The self-reinforcing feedback mechanism brought about by austerity will lead to a higher
debt burden which mathematically predisposes several if not many European member states
to undergo a hard default. This outcome is more likely should member states try for, and
then fail, at greater fiscal integration. We suggest when push comes to shove the very


'power of the purse' - the very core of national sovereignty
  • #18,517
  • Jan 9, 2012 9:33pm Jan 9, 2012 9:33pm
Quoting spzd
Your post was not directed towards me, but I feel a need to answer. As I have stated before, I am mostly a technical trader, but since spending time here have come to use more fundamental analysis in my trading. Here are my answers (they're in blue as I'm not completely forum literate so I just copy and pasted your post):
_______________________________________________________________

As you well know I trade first using fundamentals then technicals.
However for the sake of this discussion I have a question for you ?
I have NO IDEA where EUR/USD...

I will reply to this for you and anyone else who wants to learn.

My thinking on this is by the time New York opens assuming a down move in the DOW that the money will go to US Treasuries.

If it goes into US Bonds specifcally the 2 Year US Bonds and the 10 Year US Bonds will the Bond Yields go up or down ?

This I cannot answer as I am not that informed on this matter. It is something I am still educating myself on.

As The Us Bonds Go Up In Price It Means That Money FIRST flows into US Dollars from other Asset Classes and then the US Dollars BUY the 2 Year and 10 Year and others of course so as the US Bonds rise in price the Yields are ALWAYS INVERSE so the Yields GO DOWN.

By Following JUST the US Bond Yiels on the 2 Year and the 10 Year US Bonds you can SEE THE MONEY FLOW !!!

I hope I explained it so it is understood.

I am here for you anytime you need me...


If you cannot answer some of these questions PLEASE ASK ME !!!
  • #18,518
  • Jan 9, 2012 9:38pm Jan 9, 2012 9:38pm
Quoting knoholygrail
I will reply to this for you and anyone else who wants to learn.

My thinking on this is by the time New York opens assuming a down move in the DOW that the money will go to US Treasuries.

If it goes into US Bonds specifcally the 2 Year US Bonds and the 10 Year US Bonds will the Bond Yields go up or down ?

This I cannot answer as I am not that informed on this matter. It is something I am still educating myself on.

[color=#0000ff]As The Us Bonds Go Up In Price It Means That Money FIRST flows into...
That helped quite a bit. Will pay more attention to this in the future.
Mark ... Everything you have been told is a LIE
  • #18,519
  • Jan 9, 2012 9:38pm Jan 9, 2012 9:38pm
Swiss central bank chairman quits over wife's currency trade

http://www.gata.org/themes/gata/imag...ting_small.gifSubmitted by cpowell on 08:23AM ET Monday, January 9, 2012. Section: Daily Dispatches

By Catherine Bosley and Caroline Copley
Reuters
Monday, January 9, 2012
http://www.reuters.com/article/2012/...and-idUSL6E...

BERNE, Switzerland -- Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect today, saying he could not prove he had been unaware of a controversial currency trade made by his wife and wanted to protect the integrity of the central bank.

Hildebrand's decision to relinquish one of the top 10 central banking jobs in the world came as Swiss parliamentarians met to discuss the scandal, which erupted last week after Sarasin bank sacked an employee who leaked details of the trade to a political opponent of the central banker.
Until now, Hildebrand had resisted calls to step down, saying he learned of his wife's trade the day only after she made it and rejecting claims by Swiss magazine Weltwoche that he had personally authorised the currency deal.

But he told a media conference on Monday he could not provide final evidence that he had been unaware of the trade and had decided to step down to protect the credibility of the Swiss bank, especially given the difficult economic situation.
... Dispatch continues below ...
  • #18,520
  • Jan 9, 2012 9:45pm Jan 9, 2012 9:45pm
http://www.wallstreetexaminer.com/blogs/winter/?p=4355

Snippet:

The Coming Privatization Scam

January 9, 2012
By Russ Winter

All the discourse about deregulation or regulation is a diversion from the real fact that the vehicles to steal keep being put into place. The criminal oligarchs are going to set the stage through the back door while everybody is talking about Dodd-Frank, consumer regulatory side shows, etc. Since the big banks were not busted up, these side shows are nothing more than smoke screens and diversions! How does one “regulate” a trillion dollar bankster? And is it really necessary to put more regulations on a $100 million banker?


Meanwhile, the LTRO exchange debt for assets mechanism in Europe, (discussed in my article Peak Heist) is a shocking model of how it will work, yet nobody has seen through it. When the debt crisis arrives in the US, (I think this year), a version of this will be rolled out. In fact without shrinking the power and size of banksters before shrinking government, this sets the stage for abusive privatization transactions. The notorious parking meter scam in Chicago is an example. I also fear tax farming will be employed. These are up front payments in the form of debt exchanges in return for future tax revenues. Although I have no strong objections to shrinking government this is not the way to do it.

The Republicans are so champing at the bit to shrink government that it is easy to visualize them literally giving away government assets to bankster cartels for a song. The Democrats are every bit as cynical and corrupt, but their real motivation is to allow the same process under the guise of fiscal crisis to “save programs” and “save the financial sector”.

So the end game here will be abusive privatizations in exchange for government debt. The assets will be given away in exchange for fictitious capital debt securities. US Treasuries are the most overpriced security imaginable to use as currency for this. The theory of privatization in itself is not necessarily bad, but what will be appalling is that the kleptocrats are going to grab this bone to once again loot and raid in a major way. The real solution would be to force the banksters to absorb much of the the debt. But instead the prevailing ideology is to privatize away public assets in yet another debt swap scam.

The only difference between puppets like Romney (Romney’s role in private equity) and Obama, is in determining which of these criminal kleptocrats feed the most at the tar pit. To the average American it will matter little , the end result is yet another enormous wealth transfer. This scheme effectively combines the debt slave model with eliminating the remaining benefits citizens get from public ownership. Imagine a world where there are both high taxes to pay for debt service and a toll at every corner.
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