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EurAnalysis Kindergarten 24 replies

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  • #19,681
  • Jan 17, 2012 1:14am Jan 17, 2012 1:14am
Quoting rekon67
PT,

Can we add auto-exit for the bot when CCI crosses down -100 or is this possible to determine through code the format of the last closed candle, whether it was an evening star?

ure already jumpin to a new system?


watch out about "changing systems" because thats a sign of a weakening and a desperate trader. One can always improve his methodology and tweaking it here and there, adding this new technique or maneuver - but a whole makeover is another page of the story



Just saying man with politeness and care
Have I got something on my face, SOLDIER?
  • #19,682
  • Jan 17, 2012 1:19am Jan 17, 2012 1:19am
Have you guys ever tried to shut down all the news sources and just look at the charts? Many here buy into their own BS, searching answers from the news etc.... What a muppet show.
Don't make your life too hard.
  • #19,683
  • Jan 17, 2012 1:23am Jan 17, 2012 1:23am
Quoting GoldMan.
Have you guys ever tried to shut down all the news sources and just look at the charts? Many here buy into their own BS, searching answers from the news etc.... What a muppet show.
Don't make your life too hard.
cloggie is possessing goldman.....

hi cloggie how r ya?




true enough.. goldman taught me that everything such as sentiment - reaction - supply demand and buying and selling happens with price ; which oh-so happens to be visualized with candlesticks , bar charts or line charts. (in the modern world..)

at first i REALLY wondered if goldman traded with inside info.. really. but he said "No i just look at the charts - no news $#$#". History from my thread sometime ago. over time i also learnt that news is ... not my thing.


but then again.... i dont know anything. im just a lame kid who uses lame stuff like Supply demand zones - support resistance - time analysis - NASA secret astro info - and some volume analysis.




just my opinion! no harm meant
Have I got something on my face, SOLDIER?
  • #19,684
  • Jan 17, 2012 1:30am Jan 17, 2012 1:30am
Quoting bumapatria
cloggie is possessing goldman.....

hi cloggie how r ya?




true enough.. goldman taught me that everything such as sentiment - reaction - supply demand and buying and selling happens with price ; which oh-so happens to be visualized with candlesticks , bar charts or line charts. (in the modern world..)

at first i REALLY wondered if goldman traded with inside info.. really. but he said "No i just look at the charts - no news $#$#". History from my thread sometime ago. over time i also learnt that news is ... not my thing.


but then again.......
I only need news when market is really hardly manipulated by the central banks, rumors etc. And even then I can jump in because I can see it in charts before I get my news.
  • #19,685
  • Jan 17, 2012 1:37am Jan 17, 2012 1:37am
http://www.gold-eagle.com/editorials...een011612.html

Snippet:

I'll tell you how, the Federal government is using inflationary funding from the Federal Reserve, which is diverted to the big banks, to prop up valuations in the stock market when the financial markets are in a decline. Small wonder the Dow Jones is having problems with taking out its highs of October 2007, or even making a new credit-crisis high; the rising volume we've seen since 2000 isn't from bullish sentiment in the market, rather it's due to "market management" as a covert official "policy" to avert economic crisis. The "policy makers" goal is not to reignite the bull market, but to sooth the frayed nerves of voters when the major indexes decline.

That is quit a theory Mark; accusing the US government of conspiracy in a giant market manipulation scheme, and the New York banking establishment of trading on insider information. Well, all I know is what I hear on TV, and on 17 September 2001, George Stephanopoulos said the following on Good Morning America.

"Well, what I just want to talk about for a few minutes is the various efforts that are going on in public and behind the scenes by the Fed and other government officials to guard against a free-fall in the markets...perhaps most important, there's been--the Fed in 1989 created what is called a plunge protection team, which is the Federal Reserve, big major banks, representatives of the New York Stock Exchange and the other exchanges, and there--they have been meeting informally so far, and they have kind of an informal agreement among major banks to come in and start to buy stock if there appears to be a problem. They have, in the past, acted more formally"

- George Stephanopoulos, former Clinton adviser September 17, 2001 on ABC Good Morning America

Now George may have broken this news in September 2001, but if you go back and look at my last chart above, it's very obvious that the price fixing scheme he informed the public of, actually began twenty months before in January 2000. And the "Plunge Protection Team", * as Mr Stephanopoulos called them * has continued managing price declines in the stock market ever since. Geeze Louise, the April to August decline in the Dow Jones did so on an up-spike in trading volume, and after the Dow Jones was once again managed upwards, trading volume once again declined.

How long will this fraud last? I don't know, except that it certainly can't go on forever. Since before the October 2007 top, I've been predicting that the stock market was going to see another Great Depression era decline as a result of intrusive market "policies" by the best and brightest in government, banking and academia. One thing for sure, thanks to the inflationary "monetary policies" of the managers of the World's reserve currency, America's financial markets no longer serve as a price discovery mechanism, but as tools for manipulating the price of financial assets for political purposes. When the rig on the stock market finally falls apart, the lows of March 2009 will be taken out pretty damn quickly.

The elimination of gold from the world's money supply will prove to be the most devastating social development of the past forty years. Before 1971, banks used credit to foster profitable capital formation and inventory management. This system of a restricted money supply (the gold standard) forced banks to share their profits with savers, on whose deposits the banks depended for their working capital. The gold standard had its problems as all human institutions do, but the steady growth of the American economy, and the true prosperity for the average citizen in the United States from its founding up until 1971, was in good measure due to the honest banker's skill in managing other people's money for the benefit of all. Unfortunately, after two decades of Alan Greenspan's chronic "injections of liquidity" to save the criminals now in charge of the global economy, the honest banker is as rare as the Dodo bird.

http://www.gold-eagle.com/editorials...een011612h.png


Banks no longer have any beneficial function in society; not when they offer savers a measly 0.50% or less on deposits. Today, the only use banks have for human contact is when people apply for a mortgage, auto loan or a credit card account. The unavoidable fact is that ever since the banking system began funding their operations with inflation from the Federal Reserve System, and not from the thrift of the general public; our world began changing for the worse. The public's continued participation in the casino known as the stock market is based on the reality that there is no other option. Depositing one's savings in a bank makes no economic sense, if one's goal is to create future wealth!



Mark J. Lundeen
[email protected]
16 January 2012

  • #19,686
  • Jan 17, 2012 1:49am Jan 17, 2012 1:49am
http://www.reuters.com/article/2012/...80E0RN20120116

Snippet:

LOSERS TO PAY?
Italian Prime Minister Mario Monti, whose debt-laden country was downgraded by two notches along with Spain, called last week during a visit to Berlin for the EFSF to be increased to ward off attacks on his country's bonds.

But a senior politician in Merkel's conservative CDU party, Michael Meister, said it was the downgraded countries that should increase their guarantees for the fund.

"Germany was not downgraded so our contribution should not be changed. Countries that were affected must contribute more to the guarantees," Meister told Reuters.

Sources familiar with Greece's talks with its private creditors said EU paymaster Germany was pressing for new bonds to be given to banks in the planned swap to carry a low coupon of less than four percent that would increase the banks' effective losses to 75 percent.

The IMF was also weighing on the talks by warning that the Greek economy and the euro zone's economic outlook have worsened since the bailout package was agreed in October, raising Athens' funding needs to make its debt sustainable by 2020, they said.

Greece put a brave face on the standoff. "There is a little pause in these discussions," Greek Prime Minister Lucas Papademos told CNBC television. "But I am confident they will continue and we will reach an agreement that is mutually acceptable in time."

(Additional reporting by Lefteris Papadimos in Athens, Steve Slater and Richard Hubbard in London, Jan Strupczewski in Brussels and Fiona Ortiz in Madrid; Writing by Paul Taylor; Editing by Tim Pearce)
  • #19,687
  • Jan 17, 2012 1:54am Jan 17, 2012 1:54am
Quoting bumapatria
ure already jumpin to a new system?


watch out about "changing systems" because thats a sign of a weakening and a desperate trader. One can always improve his methodology and tweaking it here and there, adding this new technique or maneuver - but a whole makeover is another page of the story



Just saying man with politeness and care
There are thousands of systems thousands of methodologies one life is not enough for learning and mastering all these ... but there are few which you find good to be curious about ... that's it buddy. One day I will find out some time to understand the system you use as well.

Take care and best of luck for the day.
  • #19,688
  • Jan 17, 2012 2:00am Jan 17, 2012 2:00am
Quoting GoldMan.
I only need news when market is really hardly manipulated by the central banks, rumors etc. And even then I can jump in because I can see it in charts before I get my news.
This debate of fundi vs tech never ends. I just enter a trade when my cat farts, done.
  • #19,689
  • Jan 17, 2012 2:05am Jan 17, 2012 2:05am
It seems we are again come back to the Risky Zone , where we used to take position for Sales 1.2780 - 1.2810 ... Beyond that needs a watchful pair of eyes.
  • #19,690
  • Jan 17, 2012 2:06am Jan 17, 2012 2:06am
Quoting Tyoon
This debate of fundi vs tech never ends. I just enter a trade when my cat farts, done.
http://www.fiatforum.com/gallery/dat...ing-kitten.jpg
  • #19,691
  • Jan 17, 2012 2:07am Jan 17, 2012 2:07am
Quoting GoldMan.
kitten fart
Haha, if it's high pitch it goes up, low pitch it goes down. Never fails.
  • #19,692
  • Edited 2:11am Jan 17, 2012 2:07am | Edited 2:11am
Quoting bumapatria
cloggie is possessing goldman.....

hi cloggie how r ya?




true enough.. goldman taught me that everything such as sentiment - reaction - supply demand and buying and selling happens with price ; which oh-so happens to be visualized with candlesticks , bar charts or line charts. (in the modern world..)

at first i REALLY wondered if goldman traded with inside info.. really. but he said "No i just look at the charts - no news $#$#". History from my thread sometime ago. over time i also learnt that news is ... not my thing.


but then...
Whatever works for each trader here is all that counts.

It can be only technicals with price action. It can be Black Magic.

HOWEVER it requires honesty by everyone using whatever they use.

If you consistently make a profit each month and you do that for at least 6 months then you have an edge.

If you have trouble making profits in any month then it is just not working unless losing money is the goal in trading forex. That seems to be the goal of 95% of all retail forex traders. That sure is not the goal just the result.

If you cannot be honest with yourself then who can ?

A clear mind, A Good Trade Plan, Proper Money Management with Excellent Risk Management and a good understanding of fundamentals, technicals and the realization that the markets are manipulated more now than ever before and pattens might not repeat. Have an EDGE someway as I do using Money Flow between the Aseet Classes.

Look at Gold now at $1664 USA SPOT... It is clear for whatever reason the US Dollar Index is weak at the moment.

The news has been awful in the last few days and it is getting worse.

A clear mind, a good understanding, patience, mental stability and hey if it works for you with technicals and price action then you have it all worked out and keep making those big bucks. That is my informed opinion.
  • #19,693
  • Jan 17, 2012 2:19am Jan 17, 2012 2:19am
Got some things to do today but I'll stick around for the Spanish and Greek auction results that's all tied in with some European reports.
  • #19,694
  • Jan 17, 2012 2:23am Jan 17, 2012 2:23am
Quoting knoholygrail
Whatever works for each trader here is all that counts.

It can be only technicals with price action. It can be Black Magic.

HOWEVER it requires honesty by everyone using whatever they use.

If you consistently make a profit each month and you do that for at least 6 months then you have an edge.

If you have trouble making profits in any month then it is just not working unless losing money is the goal in trading forex. That seems to be the goal of 95% of all retail forex traders. That sure is not the goal just the result.

If you...

thats trading pops
Have I got something on my face, SOLDIER?
  • #19,695
  • Jan 17, 2012 2:29am Jan 17, 2012 2:29am
This is probably the messiest chart I have ever posted. It has almost all the info I use on it. Might just start my meditation soon

..
Attached Image (click to enlarge)
Click to Enlarge Name: levels2.gif Size: 54 KB
  • #19,696
  • Jan 17, 2012 2:35am Jan 17, 2012 2:35am
61.8 level must be watch closely......hopefully fundamental not spoil this trend..
Attached Image (click to enlarge)
Click to Enlarge Name: euro21.JPG Size: 84 KB
Bismillah
  • #19,697
  • Jan 17, 2012 2:43am Jan 17, 2012 2:43am
Traders who find interest in Live data and Charts ... may have a look at this interactive site

Edit : (Not promotional)
  • #19,698
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting krunfx
61.8 level must be watch closely......hopefully fundamental not spoil this trend..
ur 61.8 will more likely than less "continue" the downtrend. why? that ratio is all magic blablabla but if u see the pole on the left price dropped heavy there - thats a shift in supply/demand force - a sort of a hidden supply might be waiting there.
Have I got something on my face, SOLDIER?
  • #19,699
  • Jan 17, 2012 2:45am Jan 17, 2012 2:45am
Quoting krunfx
61.8 level must be watch closely......hopefully fundamental not spoil this trend..
The news has been terrible all morning as I read it on Oanda FX Trade news. Let;s see where the markets trade in New York. The rise was stops being hit and short covering. Now we see where we are at 6:00 AM EST and news out of Europe shortly.
  • #19,700
  • Jan 17, 2012 2:47am Jan 17, 2012 2:47am
Quoting knoholygrail
The news has been terrible all morning as I read it on Oanda FX Trade news. Let;s see where the markets trade in New York. The rise was stops being hit and short covering. Now we see where we are at 6:00 AM EST and news out of Europe shortly.
i hope that zew event not spoil this trend ..huhu....
Bismillah
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