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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #24,561
  • Mar 16, 2012 2:40am Mar 16, 2012 2:40am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
I tried to pm you but it seems you have blocked the world
Please shoot me a PM as I have a question for you.
I sent you a PM and put you to buddylist. Hit it!.
  • #24,562
  • Mar 16, 2012 2:44am Mar 16, 2012 2:44am
Quoting AFXFin
No - I don't mind. The Horn of Plenty interest everybody

Me and my partners are running own developed trading platform enabling several strategies in several accounts. Also it enables several different broker connections - FIX, MT, MBTrading etc. I've worked as a project manager since 2008 in this project and currently I'm making my living on concentrating to trading myself (minor results) and tending platform (better results).

System is quite heavy duty MS SQLServer based system and running online 24/7 and do not fit for home trader. Also...

The way it is written seems a lot of work has already been put into the system and seems a "Safe-Heaven" in a high volatile market.

Since the system is claimed that it can judge the changing environment of the Market or Price Action, it drives more attention!

Q1. So, how this system judge an intervention?

Q2. Since this system is a business or a profession for living and able to judge the changing conditions, is it also able to take advantage of the Market or condition? e.g. placing high quantity order for low risk?

Q3. Is the system also able to take decision of cut-loss and resist itself for not trading in a particular day? e.g. it did 2 continuous wrong trades.

As you said you are not suppose to advertise or say more about the system to keep the integrity, and I can understand that but since you are also a part of EurAnalysis Team so just provide the picture logically.

  • #24,563
  • Mar 16, 2012 2:50am Mar 16, 2012 2:50am
Quoting rekon67
In Forex you'll often see indication candles. All you need to do is wait for a high volume critical News like US NFP, lower your TF to M5 or M15 and take the trade by reading indication candle (Optional).

But, this is very tricky, when the candle started forming in M5 it goes to the direction with Trend so many people lose money by doing contra action ... then the Actual volume feed-in the system and only few able to pick the Extreme point!
They are very tricky to play. I've tried in Forex a few times and had mixed results with them. The indication candles I was talking about had to have a tail at least 2.5 times longer than the body of the candle. Those in your example chart did not. So I would not consider them indication candles.

Cheers!
I observe your reality but live my own.
  • #24,564
  • Mar 16, 2012 2:56am Mar 16, 2012 2:56am
Good night everyone
If there was easy money lying around,no one would be forcing it into your
  • #24,565
  • Mar 16, 2012 2:58am Mar 16, 2012 2:58am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Q1. So, how this system judge an intervention?
- VERY PROBLEMATIC - I have some hedging systems and stop losses. Also there is option which slows trading down if price moves too quickly.
Only 100% safe way is to trade with instruments which are not easily manipulated = EURUSD.

Q2. Since this system is a business or a profession for living and able to judge the changing conditions, is it also able to take advantage of the Market or condition? e.g. placing high quantity order for low risk?
- Depends on strategy. How do you verify "low risk" for computer? I do have different settings for London, NY and Tokio.

Q3. Is the system also able to take decision of cut-loss and resist itself for not trading in a particular day? e.g. it did 2 continuous wrong trades.

- There is a settings for limits when to stop trading. Also I have a manual swiches to run current trades down and rest for risky days. System cannot read news and fundamental analysis must be done by people tending system.


As you said you are not suppose to advertise or say more about the system to keep the integrity, and I can understand that but since you are also a part of EurAnalysis Team so just provide the picture logically.

- Though I'm not giving source codes, I can give guidelines for development of such systems.
  • #24,566
  • Mar 16, 2012 3:10am Mar 16, 2012 3:10am
http://theeconomiccollapseblog.com/a...four-years-ago

Snippet:

Yes, the stock market is doing really well for the moment, but the truth is that more than 50 percent of all stocks and bonds are owned by just 1 percent of the U.S. population.

Good for them. It looks like the trillions of dollars that the Federal Reserve poured into the big Wall Street banks is really paying off nicely for the financial community.

Meanwhile, much of the rest of the country is deeply suffering.
It was recently reported that 1.5 million American families live on less than two dollars a day (before counting government benefits).
That is horrifying.

According to the U.S. Census Bureau, the percentage of Americans living in "extreme poverty" is now sitting at an all-time high.
  • #24,567
  • Mar 16, 2012 3:11am Mar 16, 2012 3:11am
Quoting Cgb
They are very tricky to play. I've tried in Forex a few times and had mixed results with them. The indication candles I was talking about had to have a tail at least 2.5 times longer than the body of the candle. Those in your example chart did not. So I would not consider them indication candles.

Cheers!
You mean ... The picture I posted with the marked candles.

So both of the Candles having a thin body and long tail ... are you agree on that?

Now lets measure the tails ... you wanted the tail should be atleast 2.5 times higher than the body? ..right?

Now zoom the picture ... is the tail more than 2.5 x ?

If all the above lines are incorrect to you then You can bring a fresh candle and point out the missing link.

  • #24,568
  • Mar 16, 2012 3:11am Mar 16, 2012 3:11am
Quoting rekon67
Bum..ba..Boom ..what is that!

Attached Image
Looks like the Jews invaded the Pentagon demanding cheaper dollars.


I'm holding long @ 1.3029
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4b1.jpg Size: 68 KB
I don't care which way the market is going as long as it's going my way
  • #24,569
  • Mar 16, 2012 3:27am Mar 16, 2012 3:27am
Quoting PipKiller
Looks like the Jews invaded the Pentagon demanding cheaper dollars.


I'm holding long @ 1.3029
Attachment
Good one PK...

I see you've been MIA for a while. Hope all is well
Those who say it cannot be done should not interrupt those who are doing it
  • #24,570
  • Mar 16, 2012 3:29am Mar 16, 2012 3:29am
Sorry for intruding on the conversation but I'm just looking for a website that gives you month by month bond yields for eu countries so I cam graph it on excel.. I need it for the 10y bond on any eu country.. It's important that I get the figures not the graph..
Id be grateful if anybody knows where I could find it..
Sorry for posting here just I can't find it anywhere, thanks!
  • #24,571
  • Mar 16, 2012 3:32am Mar 16, 2012 3:32am
Quoting RodMca
Sorry for intruding on the conversation but I'm just looking for a website that gives you month by month bond yields for eu countries so I cam graph it on excel.. I need it for the 10y bond on any eu country.. It's important that I get the figures not the graph..

Sorry for posting here just I can't find it anywhere, thanks!
Best of luck with that and if you find it, please let me know as I need it too. I like to draw my own graphs in Excel. Actually the more granular the better. I would love to have minute by minute data but I'll take what I can get.
Those who say it cannot be done should not interrupt those who are doing it
  • #24,572
  • Mar 16, 2012 3:33am Mar 16, 2012 3:33am
Orderboard

Written by Joe Brown
March 16, 2012 at 10:15 GMT

EUR/USD: Bids 1.3000/20 ahead of a 1.3000 barrier. Offers 1.3100/20 stops above

GBP/USD: Offers 1.5730/40, larger 1.5745/50, stops above. Bids 1.5690/00 possible stops down through 1.5690

EUR/GBP: Good bids 0.8295/00. Offers 0.8325/30 and 0.8345/50

USD/JPY: Offers 83.80/85 and layered up to 84.25 (barrier). Buy stops above. Bids 83.45/50 and 83.20/25 and 83.00/10. Stops just below 83.00

EUR/JPY: Offers 109.60/65 and 109.90/00 (110=barrier) Bids 109.00/20 and 108.60/70, stops likely through 108.50

AUD/JPY: Bids 87.50/60. large expiries today at 88.00. Tech res 88.50/55

AUD/USD: Offers 1.0550/55, Bids 1.0500/10, sell stops now building down through 1.0495

GOLD: Tech support 1640 and 1534.50. Resistance 1666.50 and 1682.25 (200 day MA)

EUR/CHF: offers 1.2100/10, Bids 1.2050/60
Those who say it cannot be done should not interrupt those who are doing it
  • #24,573
  • Mar 16, 2012 3:35am Mar 16, 2012 3:35am
Today is Quadruple Witching Friday


Definition of 'Quadruple Witching'
A day on which contracts for stock index futures, stock index options, stock options and single stock futures (SSF) all expire.

Investopedia explains 'Quadruple Witching'
This is similar to the triple witching hour, except that the quadruple witching hour sees also the expiry of SSFs.

Quadruple witching days occur on the third Friday of March, June, September and December.


Read more: http://www.investopedia.com/terms/q/...#ixzz1pH6EdKIU
Those who say it cannot be done should not interrupt those who are doing it
  • #24,574
  • Mar 16, 2012 3:36am Mar 16, 2012 3:36am
Quoting rekon67
You mean ... The picture I posted with the marked candles.

So both of the Candles having a thin body and long tail ... are you agree on that?

Now lets measure the tails ... you wanted the tail should be atleast 2.5 times higher than the body? ..right?

Now zoom the picture ... is the tail more than 2.5 x ?

If all the above lines are incorrect to you then You can bring a fresh candle and point out the missing link.

Sorry, you are right. I was looking at the candle before that. Mind is still asleep as I'm working on first cup of coffee. Those I would consider indication candles but it look like in Forex, those are clearly reversal (I think they are called pin bar) candles.

Cheers!
I observe your reality but live my own.
  • #24,575
  • Mar 16, 2012 3:42am Mar 16, 2012 3:42am
Quoting PipTrapper
Best of luck with that and if you find it, please let me know as I need it too. I like to draw my own graphs in Excel. Actually the more granular the better. I would love to have minute by minute data but I'll take what I can get.
I didn't think it would be difficult no website has it that I've checked a lot of my peers say euro stat may have it but I can't find anything useful there I'll ask my lecturer and hopefully she knows somewhere and I'll get back to you! Thanks!
  • #24,576
  • Mar 16, 2012 3:50am Mar 16, 2012 3:50am
Quoting Cgb
Sorry, you are right. I was looking at the candle before that. Mind is still asleep as I'm working on first cup of coffee. Those I would consider indication candles but it look like in Forex, those are clearly reversal (I think they are called pin bar) candles.

Cheers!

If we are able to Mastering on these candles we are good in this market
  • #24,577
  • Mar 16, 2012 3:53am Mar 16, 2012 3:53am
@ Daily we opened below the Pivot,while it engulf the previous candle but I cant consider it bullish engulf as the volume didnt cover all the previous candle and also we have the Tail shadow rejected from the price 1.3120 level and its 50% from the 2 days ago candle
@ 4H we have bearish Pinbar and bearish engulfing

Still Flat and Possible looking for short
If there was easy money lying around,no one would be forcing it into your
  • #24,578
  • Mar 16, 2012 4:01am Mar 16, 2012 4:01am
Quoting RodMca
I didn't think it would be difficult no website has it that I've checked a lot of my peers say euro stat may have it but I can't find anything useful there I'll ask my lecturer and hopefully she knows somewhere and I'll get back to you! Thanks!
Yes I've checked the ECB website too and there's loads of data there but the only bond info I found was a 10Y consolidated benchmark

In case you're not familiar with the site, here's the link http://sdw.ecb.europa.eu/

It may come in handy for other data you may be seeking.
Those who say it cannot be done should not interrupt those who are doing it
  • #24,579
  • Mar 16, 2012 4:09am Mar 16, 2012 4:09am
I have mixed feelings about today. On the one had we have the hourly that has clealy turned south from yesterday's high. The 4H chart hovering at my 23% FIB line (just below) the 15M chart just moved up above daily pivot at 1.3065 and my short which was green a few moments ago has turned red.
I observe your reality but live my own.
  • #24,580
  • Mar 16, 2012 4:13am Mar 16, 2012 4:13am
Quoting PipTrapper
Good one PK...

I see you've been MIA for a while. Hope all is well
We are all OK here, thank you. Just been extremely busy around the house doing some landscaping, remodeling and setting up my new workshop to restore old cars that finally has power after waiting 5 - 6 months for power to be connected

I have way too many projects going on right now to really focus on market macros and news and really have barely even touched my main Forex accounts with MB Trading this year. All I've been doing is playing with my $100 IBFX mini account and testing stuff looking for something purely mechanical I like and am comfortable with before I commit more money.
I don't care which way the market is going as long as it's going my way
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