EurAnalysis

I took some photos as I promised yesterday, weather is not so wondrous as yesterday but at lest you get some idea. Best place to get your head clear and be with yourself.

http://www.ekathimerini.com/4dcgi/_w...02/2012_428484

Seven arrested at German embassy protest in Athens

Police say seven people have been detained following an anti-austerity protest outside the German embassy in central Athens.

The protesters were detained Friday after eggs were thrown at the building.

Greek President Karolos Papoulias this week publicly criticized German Finance Minister Wolfgang Schaeuble over comments he made in a radio interview appearing critical of Greek politicians as talks continue between the crisis-hit country and eurozone partners for a second major bailout deal.

Some reports suggest there are German citizens among those arrested.
ekathimerini.com , Friday February 17, 2012 (14:35)

Cool Bro!Like it very much...btw,where is you?

I live in Estonia

http://upload.wikimedia.org/wikipedi..._Union.svg.png

cool...why dont you take also along yourself picture and lemme see how hot you are

is it you really seriously promisely.Just you easily show to me ?

The operative word is NOW as things can change quickly. You are doing good and posting the chart of the flow into Asset Classes is very useful. I will now tell you what facts that I can gather from the flow of funds.

As the Yields on the 10 Year US Bonds went up to 2.02% it means that those US Bonds are being sold as the Price goes down in the Bonds as they are sold and the Yields go up. Seeing the Yields go up is all you need to watch for the moment. The money is paid in US Dollars and then the exercise is to try to see where the money is flowing. Gold going up might mean some money is going into Gold. There is a correlation between the currencies and now that we see that USD/JPY is getting weaker as in going up past the 75.50 INTERVENTION number where it is now at 79.31, that in turns brings up EUR/JPY as you can see by where it is now at 1.0453.

Japan is probably selling Yen and Buying Euro. As that happens it helps EUR/USD go up. This is NOT always the case since the other factor is the possible collapse of the Euro because of the Greece Debt problem. Therfore you can see that there is two issues here. The selling of Yen and the buying of Euro by Japan (AND SPECULATORS AS WELL) and caution with regard to the EUR/USD Pair.

Now we return to the SELL OFF in US Bonds since Risk is back on for the moment. By understanding what I just explained which is not that hard once it is pointed out, you get an EDGE over those that JUST WATCH the lines on the Charts Go Up and Down. Technical Trading should not be used for more than 25% of your tools in your toolbox unless you want to input false data as it does NOT PREDICT where it will go. The MONEY FLOW always MOVES the Charts and it cannot be any other way.

Let's look at where we are now compared to my earlier post this morning.

EUR/USD 1.3177
EUR/JPY 104.51
USD/JPY 79.30

The Yield on the 2 Year US Bonds are now at .30% and on the 10 Year US Bonds it is now at 2.04% with the spread now 174 Basis Points. Gold is Up and Oil is Up and All Europe is UP and the Dow Futures are now UP at 35.

Gold now trades at $1,733.95 US Spot.

We can see that MONEY is leaving the US Bonds and being converted into other Asset Classes with Risk On again for the MOMENT !!!

Just in case some reading my post think I might be knocking those who do not accept my views on Technicals I just want to state that Technicals are needed without question. They are needed to know where Support and Resistance appears to be. However EVERY CHART in the World will CHANGE if the Dow goes down 500 Points. The danger in looking at charts alone is it gives misleading information.

Could you as a Doctor do a Heart Operation if All You could do is see that the Patient is DEAD by watching the Heart Monitor all the while not knowing what to do once you CUT the Patient open ?

Now back to Technicals and I see that EUR/USD is at 1.3183 so where is FIRST RESISTANCE. Since I am not as skilled as others are here on Technicals I do know that for me the first Resistance is at Round Number 1.3200. Are There Option Expiry's at 10:00 AM EST at 1.3200 ?

The IFR Charts or Number Calls show Resistance is at 1.3216 which is the Daily High of February 14, 2012. Then we have the next at 1.3292.

NOW back to Fundamentals and Money Flow. Where will the Dow be at 10:00 AM EST ? What about the closing of the Europe Equity Markets at 11:30 AM EST ?

Will Profits be taken and Longs closed ? Will there be some Short Covering ?

What will happen with the Dow between 2:00 PM EST and 4:00 PM ?

Will it reverse and the MONEY go back into the US Bonds ?

Do You Know Why The US Dollar Index Is Down now and Why This is so with The Dow Up now at 35 ?

Do You Know Why the Dow is Approaching 13,000 ? Do You Know Who Helped That Be The Case ? HINT ...HINT They Are Called the PRINTERS AKA The Federal Reserve...

When you can answer some of these questions you will be a much better currency trader.

I really appreciate Questions since it helps me focus and by sharing my knowledge it also enforces my views which result in my success as a forex trader.

Have a Good Trading Day. Use a Trade Plan and Control your Risk. Part of a Good Trade Plan sometimes is NOT TO TRADE just to be in the action.

That is gambling and we all know the results there.

Yes it's me, now it's your turn, don't be shy, we are all one big family

Well,here I am...coincidence am in my parents computer and found my picture..when am 3 years old ^^

goldman,

very nice pictures with snow,

haha we have much more now here in slovakia , there were some records in snow amounts per day, there is 0,5m of new snow in last days in average and much more in the north, where im going in 20 minutes for a weekend - i was born there....so i hope i will not be stucked somewhere haha

kno,

nice explanations, what ussually do me a problems with market sentiment is that eur/usd is reacting very very quickly to sentiment shifts, i mean for example treasuries go up in yield eurusd go up almost in the same moment, the same when it reverse or the same with equity indices comparison, but finally that extreme correlations between fx and indices broken in last few days a little bit...its really very fast and im sure that also trading robots are doing its work in this. So it looks to me its quite important to not only check wheter bonds/equities/swap points are up/down but also to forecast its next movements....

i think we may see some unwinds and profit takings today, market is heavily expecting greek deal which is okay, but i think that part of them will not go exposed to the weekend, what do you think??

i shorted some small at 1.3185 and will add at 1.32 and 1.3220 with 1.3240 SL, i will leave orders here and will go for a trip

so have a nice weekend guys.

Hey guys, Does anyone have a a file which pinpoint pivot points on metatrader that i could download?

Thanks,

Finally I saw your face bro

Here you go pips..

Time for yours now

Here you go : All pivots !

Very simple, do what it says: pivot, s1, s2, s3, r1, r2, r3.