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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,221
  • Jun 4, 2012 1:56am Jun 4, 2012 1:56am
Good morning everyone.

The market looks very boring

http://www.motifake.com/image/demoti...1276622988.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #34,222
  • Jun 4, 2012 1:58am Jun 4, 2012 1:58am
PT: don't know why it's taking me a while to get it but...need a little more help. I'm looking at indicator now. Here's an example I think I do understand: a cascade of red bars on the chart gets taller and taller green bars on the indicator - I bet this means more and more volume which shows more people climb on a trend later and later.

Q. How does the color of the bar on the indicator relate to the volume which I can see relative to previous bar by the size of the bar alone. That might be a way to put the question, and thank you.
  • #34,223
  • Jun 4, 2012 2:06am Jun 4, 2012 2:06am
Today's Euro FX Option expiries at 14:00 GMT

1.2650
1.2400
1.2350
1.2250
Those who say it cannot be done should not interrupt those who are doing it
  • #34,224
  • Jun 4, 2012 2:11am Jun 4, 2012 2:11am
Quoting Greenstar
PT: don't know why it's taking me a while to get it but...need a little more help. I'm looking at indicator now. Here's an example I think I do understand: a cascade of red bars on the chart gets taller and taller green bars on the indicator - I bet this means more and more volume which shows more people climb on a trend later and later.

Q. How does the color of the bar on the indicator relate to the volume which I can see relative to previous bar by the size of the bar alone. That might be a way to put the question, and thank you.
Correct. It is based solely on the size of the bar relative to the previous one.

When a new bar starts, it is red until (if) it grows bigger than the previous bar. Then it turns green (unless it stays smaller than the previous bar).

To see what I mean, hover your mouse pointer on the bars to get the "volume" reading and you will see that a red bar has a lower number than the preceding bar. Likewise a green bar has a higher number than the preceding bar.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,225
  • Jun 4, 2012 2:25am Jun 4, 2012 2:25am
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http://www.cartoonstock.com/lowres/hsc1721l.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #34,226
  • Jun 4, 2012 2:29am Jun 4, 2012 2:29am
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #34,227
  • Jun 4, 2012 2:30am Jun 4, 2012 2:30am
Morning every one,

It seems we will have boring morning. To me it hovers just above the days pivot.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #34,228
  • Jun 4, 2012 2:36am Jun 4, 2012 2:36am
hi everyone, i am on a bank holiday here in uk so today is a no trade day. i do have a couple of triggers ready just incase something big happens.Luis if you read this ,,,, do you trade using the A B C as your chart shows i am only asking as if you remove all the lines you can see lots of trading entries. like i say to the students keep it simple. But if it works for you go for ir. The only thing i have trouble with and to be honest is i am bad at getting out of a trade lol. i do not normally let them run i just take 20- 40 pips and compound a lot but i do catch the occassional spike. Happy tradxing guys and take care, billy
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #34,229
  • Jun 4, 2012 2:58am Jun 4, 2012 2:58am
Quoting hjs69
Morning every one,

It seems we will have boring morning. To me it hovers just above the days pivot.
Do you mean you are bore like this
Attached Image
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #34,230
  • Jun 4, 2012 2:59am Jun 4, 2012 2:59am
Quoting PipTrapper
Good morning everyone.

The market looks very boring

http://www.motifake.com/image/demoti...1276622988.jpg
Morning PT and everyone. Hope everyone had a great weekend. Couldn't believe how many post were made over the weekend.

I will probably sit out next two days til London opens back up Wednesday. PA looks horribly slow. May not be too much different when NY opens. If I hear some news that I feel can be beneficial to the board, I'll post it. Other then that, happy trading. Don't get greedy trading in a thin market. C u Wednesday.
  • #34,231
  • Jun 4, 2012 3:16am Jun 4, 2012 3:16am
Quoting FXSwissTrader
Morning PT and everyone. Hope everyone had a great weekend. Couldn't believe how many post were made over the weekend.

I will probably sit out next two days til London opens back up Wednesday. PA looks horribly slow. May not be too much different when NY opens. If I hear some news that I feel can be beneficial to the board, I'll post it. Other then that, happy trading. Don't get greedy trading in a thin market. C u Wednesday.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,232
  • Jun 4, 2012 3:22am Jun 4, 2012 3:22am
Quoting Luis Carlos
I think nobody needs to know EW to see this: Break, Retest, Go
u r right retrospectively but they need to know what time frame they are looking at.say to a 10 sec and 1 min time framer at the point of retest the momentum will be so great to the upside that he will be long or the on the side and for the yearly time framer like buffett or soros/jim rogers he will not even consider it and will laughing why people are so excited about this little wiggle.my point is different time framer have different psychological profile which will be in conflict with each other and very hard for them to initiate position for that reason.
Allah has permitted trade and has forbidden interest [koran]
  • #34,233
  • Jun 4, 2012 3:42am Jun 4, 2012 3:42am
Danske Bank - EUR/USD buy at 1.2361 for 1.2495; EUR/JPY sell at 97.95 for 95.59

Mon, Jun 04 2012, 10:25 CET | Interbank Talk
source: Danske Bank

EUR/USD BUY AT 1.2361 FOR 1.2495 OBJECTIVE, STOP 1.2285

EUR/JPY SELL AT 97.95 FOR 95.59 OBJECTIVE, STOP 98.70"

Danske Bank Research Team.
  • #34,234
  • Jun 4, 2012 3:45am Jun 4, 2012 3:45am
What's the effect of another LTRO on the Euro? As I understand it LTRO is not as dramatic as QE...however, if the ECB decides to go another round of LTRO (while the "mess" is sorted out) what's your guys' call on short-term effect on the currency?
  • #34,235
  • Jun 4, 2012 3:57am Jun 4, 2012 3:57am
Quoting quidproquo
What's the effect of another LTRO on the Euro? As I understand it LTRO is not as dramatic as QE...however, if the ECB decides to go another round of LTRO (while the "mess" is sorted out) what's your guys' call on short-term effect on the currency?
Before I answer:

LTRO is a liquidity providing exercise for "solvent" banks.

If a bank is holding "toxic" assets, they cannot be used as collateral to gain access to LTRO funds.

The above has to be taken into consideration in order to understand my answer.

My Answer:

Another round of LTRO funding will make more liquidity available to banks which they will be able to use to:

1. Purchase sovereign debt
2. Loan out to consumers and businesses
3. Invest in other securities
4. Place on deposit with the ECB for use when needed.
5. Any combination of (or all) the above

If the majority of the Spanish and Greek banks have eligible collateral to take advantage of such a scheme, then that would probably cause some short covering on the Euro short positions. If not, then no effect.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,236
  • Jun 4, 2012 4:08am Jun 4, 2012 4:08am
Quoting PipTrapper
Before I answer:

LTRO is a liquidity providing exercise for "solvent" banks.

If a bank is holding "toxic" assets, they cannot be used as collateral to gain access to LTRO funds.

The above has to be taken into consideration in order to understand my answer.

My Answer:

Another round of LTRO funding will make more liquidity available to banks which they will be able to use to:

1. Purchase sovereign debt
2. Loan out to consumers and businesses
3. Invest in other securities
4. Place on deposit with the ECB for use when needed.
5....
Good response as usual PT....good to know it may have a muted effect...considering some institutions may not qualify and, btw, isn't it sovereign debt that started this infection in the first place (lol) ...funny they can qualify for LTRO and then use those funds to purchase more sovereign debt
  • #34,237
  • Jun 4, 2012 4:13am Jun 4, 2012 4:13am
Good Morning Everybody.
I was very busy last three weeks but finally I can have a full week ahead just for trading... whoooohaaaaa!!!
I have also learnt how hard is to trade during your lunch break

OK. Today instead of chart I'd like to attach a video.
Jason Stapleton. This is the guy I've learnt a lot from...
Here's analysis for today:

Inserted Video
Read Charts - Not Papers
  • #34,238
  • Jun 4, 2012 4:20am Jun 4, 2012 4:20am
Quoting quidproquo
Good response as usual PT....good to know it may have a muted effect...considering some institutions may not qualify and, btw, isn't it sovereign debt that started this infection in the first place (lol) ...funny they can qualify for LTRO and then use those funds to purchase more sovereign debt
The LTRO funds they borrow are backed by collateral that the ECB values as "non-toxic" according to its guidelines. What the bank does with the funds afterwards is entirely up to them according to their own risk management system.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,239
  • Jun 4, 2012 4:26am Jun 4, 2012 4:26am
Hey,

did you compared what exact low was printed on friday yet?

I have 1.2287
69
  • #34,240
  • Jun 4, 2012 4:36am Jun 4, 2012 4:36am
Quoting Likerty
Hey,

did you compared what exact low was printed on friday yet?

I have 1.2287
u will short untill 1.2287
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