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EurAnalysis Kindergarten 24 replies

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  • #18,941
  • Jan 11, 2012 3:43pm Jan 11, 2012 3:43pm
hi every one billys back, hope your trading is going good.i actually traded e/u yesterday and today following a call off my mate {which is rare). the house refurb has been put on hold as i had to come home to place some serious trades on later tonight.And a word of advice i am informed that a lot of unnecassary info is being put into the room and this can be misleading rid yourselves of who said this who said that (rumours) and get on and trade and keep your eyes on the chinese, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,942
  • Jan 11, 2012 3:45pm Jan 11, 2012 3:45pm
good to see you bud, like my last post says, i came home to place some trades. Trying to do it on the blackerry would of been difficult plus i needed to finalise my info
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,943
  • Jan 11, 2012 3:53pm Jan 11, 2012 3:53pm
Quoting billytt
good to see you bud, like my last post says, i came home to place some trades. Trying to do it on the blackerry would of been difficult plus i needed to finalise my info
Nice to have u back Bill, hope will continue questions with candle stick patterns, IBs etc. but seems you are still busy with unfinished work so will take some more time to give you time for settling down.

Mobile trading is pretty tricky I found as this week I am also trying it from my windows mobile.

What abt the Chinese are they buying EUR ?
  • #18,944
  • Jan 11, 2012 3:53pm Jan 11, 2012 3:53pm
Quoting Tyoon
I would be careful mate. Your selling at support/demand. The news that sent EU down was a rumour and was denied by France.
It wasn't a decisive move as well so I ignored it and took Cable instead.
The road to pipland is arduous and fraught with challenge.
  • #18,945
  • Jan 11, 2012 4:04pm Jan 11, 2012 4:04pm
a few weeks ago i lost about £2000 english pounds trading using the blackberry lol and it was human error (me) due to bad eye sight.As for the chinese i believe we have 2 scenarios i honestly think the people are going to kick off these being the peasants whether its down to themselves or maybe with the help of others.and yes even though we cannot trade the rmb/cny/yuan or what ever its called its going to try and catch the dollar once they get a grip or europe. But i reckon something dirty is going to happen
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,946
  • Jan 11, 2012 4:08pm Jan 11, 2012 4:08pm
Quoting billytt
a few weeks ago i lost about £2000 english pounds trading using the blackberry lol and it was human error (me) due to bad eye sight.As for the chinese i believe we have 2 scenarios i honestly think the people are going to kick off these being the peasants whether its down to themselves or maybe with the help of others.and yes even though we cannot trade the rmb/cny/yuan or what ever its called its going to try and catch the dollar once they get a grip or europe. But i reckon something dirty is going to happen
  • #18,947
  • Jan 11, 2012 4:12pm Jan 11, 2012 4:12pm
Quoting billytt
a few weeks ago i lost about £2000 english pounds trading using the blackberry lol and it was human error (me) due to bad eye sight.As for the chinese i believe we have 2 scenarios i honestly think the people are going to kick off these being the peasants whether its down to themselves or maybe with the help of others.and yes even though we cannot trade the rmb/cny/yuan or what ever its called its going to try and catch the dollar once they get a grip or europe. But i reckon something dirty is going to happen
I didn't find the mobile platforms very user friendly a few years back. You couldn't rearrange the assets you wanted to trade and I was having to plough through a long list to get to where I wanted to go. Has that improved?
The road to pipland is arduous and fraught with challenge.
  • #18,948
  • Jan 11, 2012 4:16pm Jan 11, 2012 4:16pm
Quoting traider
I didn't find the mobile platforms very user friendly a few years back. You couldn't rearrange the assets you wanted to trade and I was having to plough through a long list to get to where I wanted to go. Has that improved?
Only the Android mobile you will find it almost perfect ... trading terminal, charts, news section etc ... I use my old windows 6.1 mobile which is pretty bad though.
  • #18,949
  • Jan 11, 2012 4:18pm Jan 11, 2012 4:18pm
yes indeed
and traider.my broker has an excellent platform to trade with, the main trouble comes from me lol. i carry all my trades in a note book (on paper) and when i am out i will trade using the mobile at the specific times. i must admit it is difficult to try and gather data using the mobile
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,950
  • Jan 11, 2012 4:21pm Jan 11, 2012 4:21pm
Quoting rekon67
Only the Android mobile you will find it almost perfect ... trading terminal, charts, news section etc ... I use my old windows 6.1 mobile which is pretty bad though.
Thanks. Sitting here with my laptop waiting on 5 minute charts is almost like a ball and chain. Being able to trade on the hoof would be a real improvement.
The road to pipland is arduous and fraught with challenge.
  • #18,951
  • Jan 11, 2012 4:26pm Jan 11, 2012 4:26pm
Quoting billytt
yes indeed
and traider.my broker has an excellent platform to trade with, the main trouble comes from me lol. i carry all my trades in a note book (on paper) and when i am out i will trade using the mobile at the specific times. i must admit it is difficult to try and gather data using the mobile
I tend to trade off the candles exclusively so I barely use other inputs in my decisions. I hate being chained to my laptop though. It's a tricky one but I will have to have a look at this Android.
The road to pipland is arduous and fraught with challenge.
  • #18,952
  • Jan 11, 2012 4:37pm Jan 11, 2012 4:37pm
using candles on the blackberry is so easy to trade with the only problem being is if you want to see actual prices inbetween the whole numbers, i do recommend it though but like i said earlier i do have a lot of info in a book
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #18,953
  • Jan 11, 2012 4:46pm Jan 11, 2012 4:46pm
Quoting billytt
using candles on the blackberry is so easy to trade with the only problem being is if you want to see actual prices inbetween the whole numbers, i do recommend it though but like i said earlier i do have a lot of info in a book
Aaah. The numbers. I go down to minute sub-numbers. The Android tablet looks big enough to cater for those miniscule trading styles...I wonder? Will have to look into it. I tend to use my own grid in MT4 which may well be the limiting factor here.
The road to pipland is arduous and fraught with challenge.
  • #18,954
  • Jan 11, 2012 5:05pm Jan 11, 2012 5:05pm
today monetery policy eyed!

BOE
expect on hold at 0.50%
bond program expect hold

if bond prog hike for 25-50..gbp could tumble

ECB
expect to cut 25bps to 0.75%(maybe due to ez crisis widen n eco uncertainty)

Dovish Draghi comment expect ..if he give a hawkish euro can get the support there n if still dovish euro absolutely will test the new low level!

just my forecast only
Bismillah
  • #18,955
  • Jan 11, 2012 5:13pm Jan 11, 2012 5:13pm
Quoting TheSwede
Don't get it

Why do you draw the 4H drawn from there?
The reason is because I have multiple time frames on my screen at all times.

I have M5, M15, H1, H4 and D1 always visible. Plus I alternate between W1 and MN on another chart. All the different times frames have different fibs based on what I perceive to be the swings specific to those time frames.

I do this mostly to look for confluence of fib levels in order to help more precisely identify which support/resistance levels are the strongest. For example if the same general price zone is a 38.2 on the H4 and the 61.8 on H1 and a double top/bottom on M15, then I can prepare myself to expect a stronger bounce than if it only coincided with a fib level on one time frame and was between fib levels on the other time frames.
Those who say it cannot be done should not interrupt those who are doing it
  • #18,956
  • Jan 11, 2012 5:33pm Jan 11, 2012 5:33pm
Quoting PipTrapper
The reason is because I have multiple time frames on my screen at all times.

I have M5, M15, H1, H4 and D1 always visible. Plus I alternate between W1 and MN on another chart. All the different times frames have different fibs based on what I perceive to be the swings specific to those time frames.

I do this mostly to look for confluence of fib levels in order to help more precisely identify which support/resistance levels are the strongest. For example if the same general price zone is a 38.2 on the H4 and the 61.8 on H1 and a double...
This is a nugget for everyone. Embrace it. Thanks PT.
  • #18,957
  • Jan 11, 2012 6:43pm Jan 11, 2012 6:43pm
PT, thank you for the vouch, it's an honor sir.

BTW, the CS report I sent was acted upon.
Mark ... Everything you have been told is a LIE
  • #18,958
  • Jan 11, 2012 8:13pm Jan 11, 2012 8:13pm
http://news.goldseek.com/GoldenJackass/1326306021.php

Snippet:

The USDollar is due for some extreme shocks. Some might not think so, given the Euro depression in sentiment and the rattling of big European banks. Word has come that in late February and late March, some important adjustment events are due to kick in, enough to knock over the tables in the temple. Conjecture is wide open and ripe for imagination.

For the USDollar to continue its catbird post in global trade is inconceivable. The elite controllers will do their best to keep the USDollar in its dominant post. But the rest of the world, especially on its Eastern locales, is working in the other direction.

As a sage contact told me last week, "There is a clear swing in power to the East, not to return Westward in our lifetime." The primary victim of that pendulum swing, a powerful Paradigm Shift, is the USDollar. The consequent beneficiary will be Gold, and its squire Silver. A complete list of forecasts will not be given here, since too dangerous and ugly. The world financial system will not survive in its current form. A collapse is due probably by late 2012, or early 2013 after the US presidential elections, another controlled event subject to outsourcing.
  • #18,959
  • Jan 11, 2012 8:24pm Jan 11, 2012 8:24pm
Quoting knoholygrail
http://news.goldseek.com/GoldenJackass/1326306021.php

Snippet:

The USDollar is due for some extreme shocks. Some might not think so, given the Euro depression in sentiment and the rattling of big European banks. Word has come that in late February and late March, some important adjustment events are due to kick in, enough to knock over the tables in the temple. Conjecture is wide open and ripe for imagination.

[font=Verdana]For the USDollar to continue its catbird post in global trade...
I respectfully disagree. The East is essentially a manufacturing machine, like Germany, the West, specifically London and NY are financial services engines for this machine. That lies largely in the fact that capitalism's assetising roots lie in Anglo-Saxon law and explains the sharp divide between these skills, at their most acutely visible in the financial separation between the European mainland and Britain.

This will never change which explains why the Anglo centres of London and NY continue to lead the way in geo-political affairs despite the prognostications of many analysts, past and present.
The road to pipland is arduous and fraught with challenge.
  • #18,960
  • Jan 11, 2012 8:38pm Jan 11, 2012 8:38pm
Quoting traider
I respectfully disagree. The East is essentially a manufacturing machine, like Germany, the West, specifically London and NY are financial services engines for this machine. That lies largely in the fact that capitalism's assetising roots lie in Anglo-Saxon law and explains the sharp divide between these skills, at their most acutely visible in the financial separation between the European mainland and Britain.

This will never change which explains why the Anglo centres of London and NY continue to lead the way in geo-political affairs despite...
I highlight this part of Willie's Editorial...

Some shock waves are coming to the FOREX markets, where the USDollar is still seen as king in official circles. The year 2012 will prove to be highly disruptive to such a perception. The primary motive behind the bilateral trade deal is to reduce currency risks and trading costs. Currently, about 60% of trade transactions between the two nations are currently settled in USDollars, a practice to be reduced. China is largest trade partner to Japan, bigger than the United States, thanks to colossal direct foreign investment by American and European firms for a full decade. China already purchases Japanese debt securities. In turn, Japan holds $1.3 trillion of FX reserves, the world's second largest war chest. They wish to purchase Chinese debt securities. Nothing will stop this movement.

The list of imminent investors in Chinese debt is growing, from Austria to Thailand to Nigeria. The ultra-low USTreasury Bond yields, corrupted by Interest Rate Swap applications, fails to reward investors for risk.

The USGovt deficits are chronically over $1.5 trillion annually. The growth in cumulative debt assures continued 0% bond yields and artificially low borrowing costs, a new constant for foreign investors to turn more toward China. The United States is fast losing its dominance, which when abused is called hegemony. The hegemony has been ripe and fierce since 2005. The volume of Chinese Govt Bonds denominated in Yuan has tripled up to 2011, with volume of $18 billion. Funds are moving away from the West, where sovereign debt has turned toxic and government deficits have grown like vast weeds and austerity plans are more like designer suicide pills.
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