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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #20,981
  • Jan 26, 2012 10:54pm Jan 26, 2012 10:54pm
http://www.financialsense.com/contri...ke-goes-all-in

Snippet:

I think there is enough monetary juice in the global [COLOR=blue !important][COLOR=blue !important]system[/color][/color] for there to be a risk of inflation north of 2%. We shall see. I think Bernanke is going to get his balls squeezed. He deserves that fate, he put them in a vise. As of today, he no longer has choices. He’s made himself a slave to a single dopey statistic.

The markets are the best measures of how people perceived today's announcements from the Fed. The dollar pissed on the Fed in general, the gold market hit Bernanke square in the face with an ingot.

Graphic Picture Below This Text - Mature 16 Warning
  • #20,982
  • Jan 26, 2012 10:58pm Jan 26, 2012 10:58pm
Quoting bumapatria
as kno says money flow moves price. supply and demand (no not the zones) move price. ORDERS move price. what creates orders? global macro events - and the market's participants' reaction to news.


id like to share a short i have atm on the dow - US home sales depreciated yet again correct? Dow jones is a US stock index - and that would cause it to drop BUT it isnt that simple. i saw some stop hunting - i didnt join in on that but i faded the stop run the big money did and used my usual cycle timing and cool voila.

but in the end though...
Keep up the good work. You soon will be 15 and wise beyond your years. I am very proud of you Young Man. Please take care of yourself.
  • #20,983
  • Jan 26, 2012 11:00pm Jan 26, 2012 11:00pm
well done
  • #20,984
  • Jan 26, 2012 11:00pm Jan 26, 2012 11:00pm
Quoting knoholygrail
Keep up the good work. You soon will be 15 and wise beyond your years. I am very proud of you Young Man. Please take care of yourself.
i hope being 15 marks a new period of being better - smarter - wiser , and everythig for the better than this year (or was it previous...?) and you too man wishing u all the best through all the years to come

thank you Bruce for the wishes

you too man - take care of yourself and sleep enough!

friday prayin time for me - off to da mosque
Have I got something on my face, SOLDIER?
  • #20,985
  • Jan 26, 2012 11:38pm Jan 26, 2012 11:38pm
Quoting bumapatria
as kno says money flow moves price. supply and demand (no not the zones) move price. ORDERS move price. what creates orders? global macro events - and the market's participants' reaction to news.


id like to share a short i have atm on the dow - US home sales depreciated yet again correct? Dow jones is a US stock index - and that would cause it to drop BUT it isnt that simple. i saw some stop hunting - i didnt join in on that but i faded the stop run the big money did and used my usual cycle timing and cool voila.

but in the end...
one of your best post!!! i am proud those are tears of joy lol
AVT INVENIAM VIAM AVT FACIAM
  • #20,986
  • Jan 26, 2012 11:45pm Jan 26, 2012 11:45pm
Quoting the redlion
one of your best post!!! i am proud those are tears of joy lol
oh so cute

thanks red who kept on ranting the good stuff so far
u man - taught me "trading" overall
Have I got something on my face, SOLDIER?
  • #20,987
  • Jan 27, 2012 12:31am Jan 27, 2012 12:31am
Quoting RodMca
Cheers for that pt I'll give it a try on demo.. Have you had any look coding it or is it best to leave it as a manual?
Yes I have in fact coded an EA for it but it is still being tested. An EA will never really do it as well as you and I as it doesn't consider market sentiment. As I said in my post, it is not meant as a complete trading system, but rather an execution assistant.

Anyway, the EA is running on a 50K demo account at Oanda with a 50:1 leverage account with no hedging allowed. (that's why it didn't take any buy orders which would have added about 2% return to the capital so far). I have it up on my trade explorer. It's not doing as well as it would had it been allowed to buy and sell simultaneously but since it's a demo account, it's fine. I'm doing it to test its risk limits. I back tested it all the way back from 2007 on a 200:1 leveraged account with hedging allowed and it generated an avg of 5% per month using the MM parameters I mentioned in my post 0.01 lots per $1,000 of capital per position. The max draw down was around 10%... Not bad at all.

Once the EA is fully tweaked, I will post it for all. In the meantime you can observe its performance in the trade explorer. http://www.forexfactory.com/piptrapper/51
Those who say it cannot be done should not interrupt those who are doing it
  • #20,988
  • Jan 27, 2012 12:39am Jan 27, 2012 12:39am
Quoting ByteJuggler
What do you use the MA(60) for? Just a reference point and/or perhaps a get-out/stop level if you're trailing, or what? (Thanks for posting BTW.)
The MA(60) used in the template is a 60 period simple moving average on typical price. I have it on the chart as a representation of what the CCi is using to calculate it's index. It also offers a visual clue on the current trend based on it's position relative to the 89 smma

One thing I forgot to mention was that I have found it works best when used between 7am GMT and 4pm GMT
Those who say it cannot be done should not interrupt those who are doing it
  • #20,989
  • Edited 2:16am Jan 27, 2012 12:52am | Edited 2:16am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting knoholygrail
I left out Pyschology on purpose since it is at least 50% of the puzzle.

NO PERSON myself included can make money trading anything if they have not learned to deal with FEAR of LOSS. GREED which means BAD DECISIONS on taking profits and last however not least, "EGO"
Colleague of mine describes those features together as "Nerves of a Cow".
  • #20,990
  • Jan 27, 2012 2:13am Jan 27, 2012 2:13am
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 151 KB
  • #20,991
  • Jan 27, 2012 2:44am Jan 27, 2012 2:44am
Quoting SlyQsx
Attachment
Pre-mature H/S on H1 ...
Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 14 KB
  • #20,992
  • Jan 27, 2012 2:48am Jan 27, 2012 2:48am
I'll second that. Taking a short today then?

Quoting PipTrapper
That's exactly what I called for earlier today. Here's the post --> http://www.forexfactory.com/showthre...81#post5328281

I've been waiting for this correction since mid December. Glad it's finally here and I'm pretty sure it has run out of significant gas. Maybe one last push up for effort but the reality of the EZ will soon hit. Tomorrow is Friday. Let's see if we get a sell-off or further buying.

I vote for a bid up in the morning followed by a sell-off into the close.
  • #20,993
  • Jan 27, 2012 2:52am Jan 27, 2012 2:52am
This is my first post in this great thread. Here is my chart and analysis regarding possible EU setup. Price is approaching 1.31158 area (which it did as I was posting) which could act as resistance then price could fall down to first area of support at 1.30788 area.
Attached Image (click to enlarge)
Click to Enlarge Name: pic 2.gif Size: 22 KB
Trading can't be taught but it can be learned
  • #20,994
  • Jan 27, 2012 2:53am Jan 27, 2012 2:53am
Quoting TheSwede
I'll second that. Taking a short today then?
Based on hourly chart My positions would be

Buy Stop: 1.3135, Target Tp1 1.3175, TP 2 1.3230, SL 1.3120
Sell: SL 1.3135, TP1 1.3045 , TP2 - 1.2980
  • #20,995
  • Jan 27, 2012 3:06am Jan 27, 2012 3:06am
Spain Fin min "Eurozone will solve every potential problem"

"the worst of the crisis is gone".

gold is rising - silver too from fomc euro did as well. so current market sentiment is bullish from those fed raates and schtuff



market is pricing this in as bullish and people long some of them i think took profits as u can see price dropped. - but with equities with already global macro traders profit taking at resistance levels and with the indecisive outlook on the euro - the money flow in equities may give an inefficiency in euro if it still holds levels.

Gold fomc buyers as well - very bullish for 2000 and testing 1920 highs.

now if we can conclude by end of day and week - we can possibly tell an inefficiency in the markets.

but hard to tell - what are the market's expectations?
i think we're already distributing right at the moment.
Have I got something on my face, SOLDIER?
  • #20,996
  • Jan 27, 2012 3:06am Jan 27, 2012 3:06am
http://finviz.com/fut_image.ashx?rel...32339365468750
  • #20,997
  • Jan 27, 2012 3:13am Jan 27, 2012 3:13am
Quoting rekon67
Pre-mature H/S on H1 ...
H&S or abc: B: (Z)
  • #20,998
  • Jan 27, 2012 3:22am Jan 27, 2012 3:22am
Quoting SlyQsx
H&S or abc: B: (Z)
I said Premature "H&S" ..looks you have used couple of keyboard shortcuts which did not come well
Quote
B: (Z)
..or I am not able to understand correctly
  • #20,999
  • Jan 27, 2012 3:28am Jan 27, 2012 3:28am
Quoting rekon67
I said Premature "H&S" ..looks you have used couple of keyboard shortcuts which did not come well ..or I am not able to understand correctly
EW
  • #21,000
  • Jan 27, 2012 3:31am Jan 27, 2012 3:31am
Quoting SlyQsx
EW
Got It Brother! ... Can you please direct me to some good online link or some good post in FF where I can read about it more ...since I found some time today in my office may be utilize reading some good stuff
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