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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #31,241
  • May 17, 2012 3:30pm May 17, 2012 3:30pm
Quoting BFSGcapital
I'm betting it will get pumped and dumped. Although who knows when, but buying stocks with a rallying dollar would kind of just show how bad of a stock investor you are, imo.
Yeah most retail stock traders don't even pay attention to dollar index.
  • #31,242
  • May 17, 2012 3:31pm May 17, 2012 3:31pm
Quoting oceanis
For that kind of money, a lot of people would be nice, even though i expected a price around $1600.
Did you try Reuters platform, it is also blody expansive, but i think it is much cheaper around half the price, howewer Bloomberg is the norm, would be wise to try them both.

You are a pro, and trading is your bussiness, if you would need to hire someone to do some work for you, you would probably have to pay more then for this Bloomberg "boy".
If you take it, how many people can use it, only you or more? just curious
The licensing is available on a per terminal basis (One terminal, multiple users) or on a per user basis (One user, any terminal, anywhere)
Those who say it cannot be done should not interrupt those who are doing it
  • #31,243
  • May 17, 2012 3:34pm May 17, 2012 3:34pm
the original trendline/channel was better

im obsessed with posting charts if you haven't noticed
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart2.jpg Size: 218 KB
An opportunity lost is not a capital cost.
  • #31,244
  • May 17, 2012 3:36pm May 17, 2012 3:36pm
Quoting BFSGcapital
the original trendline/channel was better

im obsessed with posting charts if you haven't noticed
Original -vs- ?
  • #31,245
  • May 17, 2012 3:36pm May 17, 2012 3:36pm
Quoting FXSwissTrader
Sounds like the link I posted for you to check out. I believe it's similar info.
Thanks for that link by the way. I will be checking it out and comparing.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,246
  • May 17, 2012 3:40pm May 17, 2012 3:40pm
Quoting FXSwissTrader
Original -vs- ?
I changed the bottom trendline to the new bottom that broke below the original. But i dont think thats correct to do. so i changed it back

Whats going to happen now?

I say we double bottom here and break through the down trend But not putting money on it, only on those channel scalps
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart2.jpg Size: 237 KB
An opportunity lost is not a capital cost.
  • #31,247
  • May 17, 2012 3:41pm May 17, 2012 3:41pm
Have a good night everyone. Til tomorrow.
  • #31,248
  • May 17, 2012 3:47pm May 17, 2012 3:47pm
Quoting BFSGcapital
I changed the bottom trendline to the new bottom that broke below the original. But i dont think thats correct to do. so i changed it back

Whats going to happen now?

I say we double bottom here and break through the down trend But not putting money on it, only on those channel scalps
A valid trend line has 3 anchor points
Also a trend line can be anchored to the tip of the candle wick on all three points, or the tip of the candle body on all three points, but not a mixture of wicks and bodies.

Translation: Your bottom trend line is invalid.

Now speaking of bottom trend lines in a down trend (or top trend lines in an up trend), they don't really serve any purpose as a bounce point in a trend... only in consolidation patterns such as flags, wedges, etc.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,249
  • May 17, 2012 3:58pm May 17, 2012 3:58pm
Quoting PipTrapper
A valid trend line has 3 anchor points
Also a trend line can be anchored to the tip of the candle wick on all three points, or the tip of the candle body on all three points, but not a mixture of wicks and bodies.

Translation: Your bottom trend line is invalid.

Now speaking of bottom trend lines in a down trend, they don't really serve any purpose as a bounce point in a trend... only in consolidation patterns such as flags, wedges, etc.
Thanks

So how do I draw it then?

Looks like a bottom here

Broke through down trend
An opportunity lost is not a capital cost.
  • #31,250
  • May 17, 2012 4:02pm May 17, 2012 4:02pm
WTF just happened to the orders? Anyone else get lag for a fwe seconds then like 30 orders. Oh lol, its 2pm pst..i always get weird spread around this time
An opportunity lost is not a capital cost.
  • #31,251
  • May 17, 2012 4:08pm May 17, 2012 4:08pm
Off to bed. My wife is calling and I never ignore that call
Good night all.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,252
  • May 17, 2012 4:22pm May 17, 2012 4:22pm
night PT and everyone

I'm offline as well
An opportunity lost is not a capital cost.
  • #31,253
  • May 17, 2012 4:44pm May 17, 2012 4:44pm
Quoting drzakir123
harpe eagle,i think u have natural flair for trading.congrat.
Thanks a lot I hope and pray that you are right zakir but honestly speaking I am working really hard for it and thanks to ALLAH (GOD) he is rewarding me
Bulls Run. Bears Bite. We Profit.
  • #31,254
  • May 17, 2012 4:46pm May 17, 2012 4:46pm
Quoting PipTrapper
The benefit of the software is that it gives you the same data that institutional traders and investors have. However, more important than the data is how it is compiled/analysed/presented. Bloomberg Professional is all about analytics. It shows how the big boys are positioned in the markets and also shows true market (spot and forward) volumes from all the major players. There is a lot more I need to familiarize myself with. I am not yet convinced it is for me, but now I have till the end of June to find out without any cost to me whatsoever....

Are you talking about Reuters feed ?

May i ask you to give an example of that bold part ?
  • #31,255
  • May 17, 2012 8:01pm May 17, 2012 8:01pm
USDX set to down may be next week , E/U touched 1.2666 again. This is it in my opinion we are set for retracing up in the next week with points 1.2827, 1.3005.
Attached Image (click to enlarge)
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  • #31,256
  • May 17, 2012 8:10pm May 17, 2012 8:10pm
i shorted the daily pivot but of course it moved a little against me and i got out at BE.

i should have waited for 61.8 and see if it would hold like it did

i hope we get to 1.267 again if we do I'm going long, mainly because DXY seems like it has to retrace here, but it may make new highs before it does?
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart2.jpg Size: 232 KB
An opportunity lost is not a capital cost.
  • #31,257
  • May 17, 2012 8:40pm May 17, 2012 8:40pm
And it's still going down.... Wow!

I wonder what would happen if it dropped below 1.262 tonight? Do you think it would keep falling?

Technicals don't mean squat right now!
  • #31,258
  • May 17, 2012 9:05pm May 17, 2012 9:05pm
Quoting 100PipsADay
And it's still going down.... Wow!

I wonder what would happen if it dropped below 1.262 tonight? Do you think it would keep falling?

Technicals don't mean squat right now!
1.2654 is the mother support.
  • #31,259
  • May 18, 2012 12:13am May 18, 2012 12:13am
Not even a pre-G8-pro-bailout-party-poll rally ?

come oon...time to reverse
  • #31,260
  • May 18, 2012 12:27am May 18, 2012 12:27am
a huge bullish daily formation,waiting 4H confirmation
If there was easy money lying around,no one would be forcing it into your
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