EurAnalysis

By following the Money Flow you avoid thinking you know where the charts will go. The charts are Instant and show many things. One thing that they DO NOT SHOW is where the money will flow.

This is not a debate since what I state is what it is.

When there is Risk On the money flows to more riskier Asset Classes. When Risk is OFF there is only a FEW places the Money can go.

The main one for the moment is the US Bonds. When Asset Classes are sold they are left in US Dollars most of the time. Most of this Money however NOT ALL of it is used to get Safety and Yield.

That is why I watch the movements of the 2 Year US Bonds and the 10 Year US Bonds and the 30 Year US Bonds.

My Forex Trading Results improved once I started following Money Flow about 5 years ago.

The charts are needed however NOT to tell you which way things will go although at times they do show you important facts as relates to Supply and Demand and Support and Resistance. I use technicals for about 25% of all my tools in my toolbox.

I only share this information to be helpful.

If charts are making you money then do not change anything. I strive for perfection and consistent results of 5% ROI.

That is my Job...

lol neither m i its eur/chf i was talkn abt

She walks the talk !!!!!

Yada Yada Yada .... Things are under control. We have things well managed. As he speaks EUR/USD spikes up to 1.32758 and again ALL is Well again and again.

Now let us see where things stand at the moment.

EUR/USD 1.3265
EUR/JPY 1.0814
USD/JPY 81.53 NO MOVEMENT

Dow Futures Up 64 down from earlier

Gold again near $1,700 US Spot

Europe All Green for the moment.

Risk Is On at the moment. Greece at 3:00 PM EST...

Gold is Up $16 so far.

2 Year US Bond Yields - .31% and 10 Year US Bonds still at 2.00%

Some Money is Flowing Out Of The 2 Year US Bonds now...

Next is BOC at 9:00 AM EST and Option Expiry at 10:00 AM EST


Then Europe Goes Home at 11:30 AM EST however Currency Traders might hang arould until 3:00 PM EST when PSI comes out or NOT ???

All Is Great. USA GDP will go to 4% Europe Will Go To 3%

No person will lose money. Everything is perfect.

Why did the Dow Go Down Plus 200 Points on Tuesday ? It was Profit Taking....

Where is EUR/USD now ?

EUR/USD is at 1.3246

We had short covering to move it up and watch that again towards 11:00 AM and Noon...


Over And Out... Go Bank Of Canada...

http://quotes.ino.com/chart/index.ht...=s&t=c&a=2&w=5


Thursday, March 8, 2012 8:42:59 AM

8:42 AM Draghi press conference: The euro shorts get fired early as Drahi comes out talking about inflation. He says it is likely to stay over 2% for the rest of 2012, and constitutes a key downside risk for the EU economy. The euro jumps to the day's high, +0.9% at $1.3270.

I don't entirely agree with you Kno. You're not taking into account that over 70% of trading is done by computers that are following algorithms based on numbers, not news headlines.

In the two months that I have participated in this group, not once have I seen you post your entry and exits or where money is going to flow in the next 15 minutes or next day. All info has been after the fact. This would lead me to believe you are trading as a scalper and going for the few pips as opposed to movement swings which is what I am trying to achieve.

Please don't take this the wrong way, just pointing out what I have observed thus far.

http://www.smileyvault.com/albums/CB...imated-025.gif

The 3:00 PM EST is the Deadline to submitt. The Results then will be announced at 1:00 AM EST...

Odds favor Default as 66 2/3 % only allows them to enforce default on ALL which will be a disaster longer term. Litigation and the end of CDS if not in principal then in effect. The end is not even close.

Of course there still remains NFP at 8:30 AM on Friday.

Where will you be at 1:00 AM EST on Friday or 6:00 GMT ?

Sleeping or Trading Or Just Watching and waiting for the BIG ONE in the USA which is NFP and UI Rate. Will it be 8.3% again or maybe 8.0% this time or perhaps 8.5%. How will the markets react. Will the Equity Markets open Positive on Friday at 3:00 AM EST ?

Why is EUR/USD now trading at 1.3236 and where is US Dollar Index now ?

MONEY FLOW....

Made any pips or sitting back today?

Try observe the JPY pair mate these days...the price behaviour getting weird,would appreciate if you can take a look mate...btw,any trade today?

I take your post as positive. The reason that I do not post results is that is not my purpose here. I have posted results in the past and it only leads to conflicts. I am a professional currency trader and teacher.

I earn my living doing this. I share my information here in order to be helpful.

When you come to Montreal I will be glad to invite you to my home/office and show you actual results.

I do Plus 5% ROI and more each and every month that I trade. My results are based on my investment of 8 plus years of study and trading.

Everyone needs to make their own calls on what to trade and when.

As for your comments about computer trading and 70% as that might be true it does not apply to the Forex Market.

That factor adds to Money Flow Issues and as Dow and Gold and Oil Change in value the money flows in and out of the various currencies.

http://mises.org/daily/5941/HighFreq...nger-vs-Walras

Snippet:

Perhaps the best way to illustrate these two thinkers' differences on price is to use as our example the modern-day phenomenon of high-frequency traders (HFTs) and the digital tracks they leave as they operate in electronic equity markets.
High-Frequency Trading

High-frequency trading is the use of computer algorithms to guide trading decisions in securities markets. HFTs will hold securities for no longer than a few seconds, and for as little as microseconds. It is estimated that they now account for anywhere from 50–70 percent of all equity trades in North America.
Nanex charts

Nanex, a market data firm, provides a number of hauntingly strange charts showing the behavior of HFTs operating on the microsecond level. We provide a few of these charts below.


Now let's bring this back to the HFTs in Nanex's charts. The odd patterns exhibited by trading algorithms are little more than graphical representations of Mengerian price duels. In these duels, the final price at which stock is transacted depends on each algorithm's respective talent and the "greater or smaller knowledge" of all duelers involved. Bidding algorithms may make quick feints up into the spread by issuing a sudden stream of new bid quotes, either hoping to goad other buying algorithms into following them, or to instigate algorithms on the sell side to respond. Algorithms providing offer quotes hope to do the same by making quick plunges down into the spread. These submitted quotations are meant to provide false information to other algorithms so as to confuse them, or to gather information from reacting algorithms so as to take advantage of them. By gleaning tidbits about their competitors, or providing them with false knowledge, algorithms and those who deploy them hope to gain for themselves a favorable spot in the bid-ask spread. [4]

Conclusions...

Conclusion

In a Walrasian market, HFTs simply have nothing to do. Walrasian prices don't hover in an indeterminate range bounded by bids and offers, as they do in a Mengerian market, but are singular and given. There is no reason for price duels, because the auctioneer removes both the psychological motivation for their emergence and the physical capacity for any sort of spread to arise. In short, Walrasian pricing can't explain the wondrous patterns that Nanex has isolated, but Mengerian pricing can.
Comment on this article.
John Paul Koning is researcher at Pollitt & Co., a brokerage based in Toronto, Canada. He also designs wall charts, available at Financial Graph & Art. Send him mail. See John Paul Koning's article archives.
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Notes

[1] There are dozens of equity exchanges in the United States. Traders submit bids and offers for a given equity to whichever exchange they desire. The exchanges consolidate these quotes into the "consolidated tape" — the combined range of bids and offers over all exchanges for a given equity. The "best bid" and "best offer" is that bid or offer that is the best across all exchanges. The more prevalent exchanges (and their Nanex codes) include the NASDAQ (NSDQ), the BATS Exchange (BATS), the Boston Stock Exchange or NASDAQ OMX BX (BOST), Direct Edge (EDGE), and the Pacific Exchange or NYSE ARCA (PACF).
[2] "Crop Circle of the Day," Nanex.
[3] The example begins on page 177 of Principles of Economics.
[4] According to Hülsmann, Mises: Last Knight of Liberalism (2007), Menger's early experience as a journalist writing market surveys at the Wiener Zeitung, a government controlled newspaper that reported on business and stock markets, influenced the content of the Principles of Economics. No wonder Menger's thought applies so well to modern stock markets.


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Look at EUR/USD now at 1.3229 and EUR/JPY at 107.79 and Gold at $1,694 US Spot and the Markets have NOT OPENED as yet...

Stay Well and Trade Well...

E/U, G/U and dax30 are my playmates. JPY not my thing. Nah, no trades today, too much of a turd today.

nah...3 instrument focused ?

Yep, and if I hit my 100 pip weekly target then i'm probably done for the week. Maybe only taking a trade if it look very very good.

Thats the spirit - Business have a plan and trading also same,Yes we Can!

N1 explanation.

Edit: Whole article at http://mises.org/ seems nice.

I guess it's just my way of learning. I like to challenge things because it makes people state their position in a different way and more often then not, it clarifies things for me. Seeing the same opinion from different angles.

I am by far no expert in Forex and I'm striving to make a living from it.

Our meeting I am sure will be one of many topics and of a pleasent nature. I look forward to it (once I get over this damn pneumonia which is dragging on).

Cheers!

E/J Hammer time? H4

Target 105,80!

I am thinking of closing a portion in 30 M Supply Zone ...

So here we are in the key zone. However I am not ready to fade this move as it will probably still go higher. We have reached this zone even before we have the Greek PSI results so it has compelled me to re-think the whole call.
If price pops in to the 33xx zone, then all bets are off. I'll just sit by and watch for now.

Buy the hope,the sell facts later...
http://www.myadultimages.com/images/...se-picking.gif