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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #18,741
  • Jan 10, 2012 12:06pm Jan 10, 2012 12:06pm
Quoting PipTrapper
Today's market action

http://www.youtube.com/watch?v=kjMlkl5az4w

Market action I prefer

http://www.youtube.com/watch?v=nZ_cfnUvleI
I observe your reality but live my own.
  • #18,742
  • Jan 10, 2012 12:07pm Jan 10, 2012 12:07pm
consolidation is so boring on this pair. might last the rest of the week if nothing happens by london on thursday
Any prices quoted are futures
  • #18,743
  • Jan 10, 2012 12:08pm Jan 10, 2012 12:08pm
Quoting PipTrapper
Today's market action

http://www.youtube.com/watch?v=kjMlkl5az4w

Market action I prefer

http://www.youtube.com/watch?v=nZ_cfnUvleI
http://3.bp.blogspot.com/-kTVYwKcaRm...1600/dizzy.gif
If there was easy money lying around,no one would be forcing it into your
  • #18,744
  • Jan 10, 2012 12:16pm Jan 10, 2012 12:16pm
recomending a sell against 1.2830, the weekly pivot. TP @ 1.2450
  • #18,745
  • Jan 10, 2012 12:41pm Jan 10, 2012 12:41pm
Quoting redteamgo
consolidation is so boring on this pair. might last the rest of the week if nothing happens by london on thursday
Inactivity breeds Volativity and vice versa, so pop one of Karmo's famous pills
Attached Image
Trading Levels with WRBs
  • #18,746
  • Jan 10, 2012 12:47pm Jan 10, 2012 12:47pm
Quoting Islander
Inactivity breeds Volativity and vice versa, so pop one of Karmo's famous pills
Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #18,747
  • Jan 10, 2012 12:48pm Jan 10, 2012 12:48pm
Quoting knoholygrail
The markets trade on Risk On and Risk Off.

A Good Example of that is when last year the USA went from AAA to AA.

Normally most would think that was a bad thing for the USA. It is however here is what actually happened in the markets with Risk Off since many started parking the funds they had as the markets sold off along with Oil and Gold.

Since the US Dollar is STILL the Reserve Currency of the World then incredible amounts of money went into the safety of US Bonds.

Short Term is 2 Year and 10 Year and longer term is the 30 Year US Bonds....
Hi Kno,

As always am right with you again on the above..but what really caught my attention is the ones UNDERLINED above.
A lot of people don't see what is going on...and it makes me laugh(sometimes i don't blame them really,).As someone once told me many years ago....'' You can't grow beyond your level''
A lot of powers that be are benefiting from all these shits happening and they will block Obama from doing so many things he wants to do to change it.To them it is all about making money,and if anyone stay in their paths,just as you mentioned JFK,they will do away with him or her.
Look at this scenario,if he continues to cross their path (s),
a) they will continue to give him problems.
b) they will make sure he doesn't come back.
c) they will put in one of their own.
d) they will go back to Afghan and Iraq
e) they will invade Iran.
Again to buttress your point and PipTrapper as been saying.
look at Euro,why is it that it goes down and down,then Merkel and Cozy,opens their mouth and it shoots up,and afterwards it goes back down.
It as no better outcome than Down...it is totally messed up.(it is like and old woman putting so many make up to cover her wrinkles,even with that,it is still obvious the face is messed up)..Apologies to the old ladies pls..
It is just a game they are playing.BUT some people are behind controlling and making their money.
It is all but POLITICS.

But a lot of us don't just get it.

Pls continue sharing your good knowledge,it is highly appreciated.

Cheers.
It Is Well With My Soul..(Amen)
  • #18,748
  • Jan 10, 2012 12:50pm Jan 10, 2012 12:50pm
Failed to close below support at 1.27650 and closed position at 1.27675 for a small profit. Price action has broken down trend (blue line) and has returned into original ascending triangle. If it continues, it will have resistance (again) at 1.28000

I'll wait for a confirmation of price reversal.

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I observe your reality but live my own.
  • #18,749
  • Jan 10, 2012 12:57pm Jan 10, 2012 12:57pm
If there was easy money lying around,no one would be forcing it into your
  • #18,750
  • Edited 1:02pm Jan 10, 2012 1:01pm | Edited 1:02pm
Quoting PipTrapper
Sorry haven't been posting much today. I am working on a new strategy on the M5 charts. I was getting bored watching candles rise and fall without going anywhere. Still running my longer term strategy (short E/U at 1.3410) but this morning I completed 3 trades on G/U and clocked some pips.

Here they are:
Attachment

Currently nursing another long opened at 1.54575 @ 11:50am GMT (in the green).

Attachment
I have also been working on a M5 strategy. This is not unique, but does do fairly well. I use stochastic set at 8,3,3 and two sets of Bollinger Bands set at 12, one with 2 sd and the other 3 sd. The reason I use the stoch vs the CCI is it gives me entry and exit signals. A short trade comes at the downturn of the stoch with price at the upper BBs. A long is just the opposite. The reson for the two BBs is to get a feel for what price is doing when it hits them. When price penetrates the outer BB that is usually an indication that it will reverse. They also give an indication of when price has neared the top or bottom of it's move.

So using a combination of the stoch crossing combined with the BBs gives fairly good signals for entry and exit. As with all oscillator systems it works best in a more ranging market, but it is possible to use it to get better entry's in a trending market.
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Mark ... Everything you have been told is a LIE
  • #18,751
  • Jan 10, 2012 1:03pm Jan 10, 2012 1:03pm
So today didnt end up quite as well as I had hoped but still came out with a decent long on Eur/Usd, in my opinion any gain whilst away from the computer is a good gain..
So approaching tomorrow I'm looking for slightly more upside but not much. i don't think I'll open a long as I have been doing the past two nights I think my luck in that sense might have run out.. Here's my support and resistance levels and aims for tomorrow..

Charts show EUR/USD and EUR/JPY M15

Sorry for the delay PT my mind is overloaded with useless accounting information

Here are my charts!

ADD: At the moment price is contained below the 50 ema on both charts.. If we get a retest of daily support I may enter a small long and look for my take profit area to bit hit by tomorrow.. Still holding long on EUR/JPY from last night
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  • #18,752
  • Jan 10, 2012 1:08pm Jan 10, 2012 1:08pm
Quoting spzd
I have also been working on a M5 strategy. This is not unique, but does do fairly well. I use stochastic set at 8,3,3 and two sets of Bollinger Bands set at 12, one with 2 sd and the other 3 sd. The reason I use the stoch vs the CCI is it gives me entry and exit signals. A short trade comes at the downturn of the stoch with price at the upper BBs. A long is just the opposite. The reson for the two BBs is to get a feel for what price is doing when it hits them. When price penetrates the outer BB that is usually an indication that it will reverse....

I have a similar M1 scalper strategy using 3 different bollinger band periods with odd deviations. Can't reveal it though as I swore to the person who gave it to me that I would not divulge it. I don't use it as it requires full time monitoring with a quick finger and I'm too lazy to work that hard. I tried to create a robot from it but it doesn't work that well.
For the new M5 strategy, I just need to perfect the limits and stops. Once I get it, I will create an EA from it and see how it performs. If it does well, I will make it available to anyone who wants to give it a try. That's a big IF though as I have no idea what the outcome will be at this point.
Those who say it cannot be done should not interrupt those who are doing it
  • #18,753
  • Jan 10, 2012 1:11pm Jan 10, 2012 1:11pm
Do u guys think we could end up today's candle closed as a hammer ? In that case tomorrow will have another high ....
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  • #18,754
  • Jan 10, 2012 1:21pm Jan 10, 2012 1:21pm
Quoting PipTrapper
I have a similar M1 scalper strategy using 3 different bollinger band periods with odd deviations. Can't reveal it though as I swore to the person who gave it to me that I would not divulge it. I don't use it as it requires full time monitoring with a quick finger and I'm too lazy to work that hard. I tried to create a robot from it but it doesn't work that well.
For the new M5 strategy, I just need to perfect the limits and stops. Once I get it, I will create an EA from it and see how it performs. If it does well, I will make it available...
awesome PT
If there was easy money lying around,no one would be forcing it into your
  • #18,755
  • Jan 10, 2012 1:36pm Jan 10, 2012 1:36pm
Hi, people i have just joined the forum.

Great analysis in this thread.

Pip Trapper you mentioned that you are working on a 1.34 longer term short position in eur/usd.

At this current time my analysis shows me that an ideal short position to hold is 1.28100 until Spanish Bond Auction Results and Italian Bond Auction Results on Friday. I don't expect the results to be good seeing that the latest French auction was worst than expected. And i would deem France being a much more stable economy than both Italy and Spain put together.

(Looking at the 1 day 15 minute chart)
The European trading session struggled to push the euro past 1.28182 today. Yes, a higher high had been made but a lower high was made on the RSI signalling divergence and a weakening in bullish momentum, hence the retracement all the way back down to 1.27637 (a price which has been tested twice today, but has suprisingly held) and has now rebounded. Im guessing traders are anxiously anticipating the news on thursday and friday.

Like wise on January 9th euro/usd refused to break through the 1.27207 price.

The 14 year chart 21 day ema's and 55 day emas are coming close to crossing, which will certify the continuation of a bearish trend in eur/usd.

Please give me your thoughts

Regards

Alexander
  • #18,756
  • Jan 10, 2012 1:40pm Jan 10, 2012 1:40pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
I have a similar M1 scalper strategy using 3 different bollinger band periods with odd deviations. Can't reveal it though as I swore to the person who gave it to me that I would not divulge it. I don't use it as it requires full time monitoring with a quick finger and I'm too lazy to work that hard. I tried to create a robot from it but it doesn't work that well.
For the new M5 strategy, I just need to perfect the limits and stops. Once I get it, I will create an EA from it and see how it performs. If it does well, I will make it available...
Creating a robot is quite hard job (as you know, I speak by experience). We got our robot running after 3 years of testing and tinkering, but out come is quite nice.

Major breakthroughs were skipping unreliable indicators and idea that robot could adjust it's trading way depending on market situation (not just trend, but how trades are and whole situation). It is purely based on price action and makes 1-2% a day depending on volatility.

Once you program something it easiest to work with "yes" and "no", but when there is maybe, you end up into endless chain of decisions which becomes quite soon unpredictable and unreliable.

Our robot is currently analyzed by one of the worlds top analyzes company and we are waiting their input for this.
  • #18,757
  • Edited 1:58pm Jan 10, 2012 1:45pm | Edited 1:58pm
when things get boring - choose something more volatile - like gold and oil


heres the trade update btw on oil. i closed the lower ones though now for +75 left upper running with profit stop atm at +90.

target is the homerunner which is at the trendline yellow and 1x1. if its any ratio that makes me take profit from a countertrend trade its the 38.2 adn the 61.8.

23.6 i just dump orders there - that barely holds. it does then gets consumed of the trend's orders then price just falls through.

again - eu barely moved.
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Have I got something on my face, SOLDIER?
  • #18,758
  • Jan 10, 2012 2:20pm Jan 10, 2012 2:20pm
Thx Piptrapper. Your voucher is an honor.
  • #18,759
  • Jan 10, 2012 2:40pm Jan 10, 2012 2:40pm
It's only scalpworthy but when in doubt see what another correlated pair is doing.

Ohh, flag.

..
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  • #18,760
  • Jan 10, 2012 2:44pm Jan 10, 2012 2:44pm
Quoting Tyoon
It's only scalpworthy but when in doubt see what another correlated pair is doing.

Ohh, flag.

..
nice Pa spotting there ty

gosh i cant sleep its 3:42 am!


cant sleep - cant play guitar - already read coupla my leisure reads - already analyzed markets for tommorow - cant play my electric guitar - cant watch tv parents would wake up - cant thsi cant that LOL

must wait for 5 am before chaos enters again! (aka sleep)
Have I got something on my face, SOLDIER?
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