EurAnalysis

Top left is the pattern I am referring to (on 5M). If this plays out I will go heavy on the small corrections on the way down.

https://sites.google.com/site/rtp505...s_diag_001.gif

Just stop being sarcastic,focus on your trade and be respect with other members

Beautiful,where did you got these mate,any website?


Thanks

One resource for anyone serious about learning PA.

Gracias

Message body

By Yigal Grayeff and the Market Currents team
Fitch threatens Italy but reassures France. Fitch has warned that it could downgrade a number of eurozone countries, including Italy, by one or two notches by the end of the month. The agency called Italy the greatest risk to the euro amid the sovereign-debt crisis. However, Fitch said it won't cut France's AAA credit rating during 2012 unless there's a major economic shock.
Alcoa swings to net loss. Alcoa (AA) got the Q4 earnings off to a disappointing start, missing expectations with an adjusted EPS loss of $0.03 vs. a profit of $0.24 last year despite revenue rising to $6B from $5.65B. Nonetheless shares were +1.9% premarket. The company, a bellwether for the economy, suffered from falling aluminum prices, and higher energy and transport costs. Looking ahead, CEO Klaus Kleinfeld predicted that production cutbacks would lead to an aluminum supply shortage, while demand would increase 7%.
BBVA may take €1B hit on U.S. unit. Spain's BBVA (BBVA) may need to take a goodwill adjustment for its U.S. unit, with a possible negative impact of €1B, because of the deteriorating macroeconomic outlook and the new regulatory framework.
Siemens warns on results. Siemens (SI) has called its full-year guidance "very ambitious" and warned it may miss its earnings target as global weakness throttles investment by its customers. Siemens expects industrial demand to remain slow in H1 2012 but sees a significant rebound starting in H2. Shares were -1.7% premarket.
Philips also warns on earnings. Philips (PHG) will take a Q4 charge because of weak European markets, particularly at its lighting division, and warns its healthcare unit will report lower sales growth due to delays in delivering orders. The company is due to report results on January 30.
And Q4 guidance sends Juniper lower. Juniper (JNPR) dropped 3.6% in post-market trading after warning it expects Q4 revenue of $1.1B-$1.2B and EPS of $0.26-$0.28, largely below consensus of $1.19B and $0.34 respectively. In what appears to be a vindication of negative comments made last month by UBS, Juniper blames the shortfall on weak service provider demand, particularly in the U.S.
Geithner set for fruitless trip to China. Timothy Geithner arrives in Beijing today as part of a trip to Asia, and not only are his hosts unlikely to heed any calls for faster yuan appreciation, they also aren't expected to be too enthusiastic about any plea to cut back on Iranian oil. "China will be less OK with it than Japan," says Near East Policy's Matthew Levitt, "But neither wants to be seen as rogue."
China's imports slow. China's import growth fell to a two-year low in December with an annual rise of 11.8%. Exports increased 13.4%, causing the trade surplus to widen to $16.5B.
DOJ seeks to extend mortgage deal with banks. The Justice Department is reportedly reaching out to various banks to gauge their interest in joining a wide-ranging mortgage settlement that is in the works with five major mortgage servicers. The banks probably include HSBC (HBC), PNC (PNC), MetLife (MET), SunTrust (STI) and U.S. Bancorp (USB).
MF Global Treasurer seeks protection. MF Global (MFGLQ.PK) Treasurer Edith O’Brien, who is central to the search for the missing client money, is reportedly refusing to meet with investigators and has asked first for immunity from prosecution. O’Brien has often testified as an expert at the CFTC; her specialty: the protection of customer money at futures firms.
Wither CES? The CES officially kicks off today, although Farhad Manjoo argues on Slate that for all the breathless headlines, the year's marquee consumer electronics show now turns up few product launches worthy of excitement. Major announcements from Apple (AAPL), Amazon (AMZN) and others happen elsewhere, and reporters are left to talk up "bogus trends" involving products consumers aren't crazy about. Still, Nokia (NOK) last night introduced its new flagship device, the Lumia 900 smartphone. See Market Currents here for more news.
Tim Cook in the money. While Steve Jobs' total compensation in 2011 was a mere $1, that for CEO Tim Cook was $378M. Most of Cook's compensation was made up of restricted Apple (AAPL) stock that vests over the next ten years.

Today's Markets:
In Asia, Japan +0.4% to 8422. Hong Kong +0.7% to 19004. China +2.7% to 2286. India +2.2% to 16165.
In Europe, at midday, London +1.1%. Paris +2.3%. Frankfurt +2.4%.
Futures at 7:00: Dow +0.8%. S&P +0.9%. Nasdaq +0.85%. Crude +1.5% to $102.86. Gold +1.6% to $1633.30.

Tuesday's economic calendar:
7:30 NFIB Small Business Optimism Index
7:45 ICSC Retail Store Sales
8:55 Redbook Chain Store Sales
10:00 Wholesale Trade
1:00 PM Results of $32B, 3-Year Note Auction

That's Me...

Considering that Gold is at $1635 US Spot now and EUR/USD is at 1.2786 with EUR/JPY at 98.26 and Dow Futures Up now 115, I would say EUR/USD is quite weak for the moment. The High today is 1.28197 and now US Bond Yields on the 2 Year is .25% and the 10 Year is 1.99% with the spread 174 basis point. If Dow stays below 100 Up and EUR/USD is weak watch Europe Close at 11:30 AM EST Plus 30 minutes for everyone to leave.

There was many PIPS today shorting EUR/USD everytime it neared 1.2800

Again, time price and pattern at NYO 1 showed a sell and again at the Lower High.....now pips locked in as we wait for the NYSE to open.....

To confirm the sell on this TF, we need to see the last two higher lows broken.

The closed hourly candle was a small red doji - indecision

NB so far today,only a 75 pip range

Indeed there were .....and many thanks for your other posts with their excellent information

thank you - good site.

LP

Looks like Gold is running out of Viagra. Might still have some hidden in his draw.

If EU tops out here, these are my 'stumbling blocks' to watch out for and get in on.

The line is the daily TL.

..

It's this guy's site. Legend.

I use my 15 Minute and 5 Minute Charts watch SAR and Short at Top of Bollinger Band always keeping my RESISTANCE Number at 1.2820
If It goes OVER that My Current Trade Plan ends and I count up my profits and probably stop trading for the day.

Hungry ...

oh yeah. ken's one hell of a guy - i had many talks with him on skype - very interesting perspecctive. its really not that hard the way he trades. observe hsi charts ull know that he trades certain plays (dont even look at those dots - he told me those are to signify highs and lows when hes busy and dont have time to fuly analyze). think s/r think retests, think high probability low risk setups. he told me he does lose but is minimized . he has a standard 20 pips stop as he told me.

when i was quite the beginner in Pa he told me to buy with willing buyers sell with wiling sellers - iwas like wtf... but it made sense now. and more..

he told me scalping is profitable - especially when he lets some run for long runs... guy is a mad man. he trades bank holidays! he doesnt have a holiday!in christmas he was posting his trades away at RTP!

if anyone is into PA go to his profile link go rape his attachments - they are sexy

ty im sure u know where and how he enters. he is legend and my inspiration to PA. even though i still use other methods - PA is still one of my romances i ll never let go..

LOL buddy...
are u fasting for today... ? lol so hungry eh hahhaa nice one

..btw..Having Sell running?

Cheers for that Buma. I would love to chat with him one day like you have done. I have noticed you post your trades on his thread. Saw some good trades from you the other day.

I'm not completely certain how he enters and when. I still need to spend more time studying his charts.

those are my PA trades. i dont wanna go ruin it and post all spacy and timy things lol...

but trust me ty go back to basics about retests - momentum, and higher probability. its not just trading zones - forget candlestick patterns, try to just think about probability as well.

as he said: "its about taking the lower risk setup against the riskier one".

if u see his scalps are the countertrend fast and get out of there trades. he wants to profit from retraces AND then get on the momentum run again and so on..

im sure ur head is boilign with my weird words but u will find the way when u just explore it also on ur own!

all the best ty!!