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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,481
  • Jun 25, 2012 3:05am Jun 25, 2012 3:05am
Quoting -er-
its very nice...
can u explain in simple words how does it work?
thise is "hs"?(h@S + double top?)
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Iam just A pips on the rode :nerd:
  • #39,482
  • Jun 25, 2012 3:06am Jun 25, 2012 3:06am
eurgbp
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,483
  • Jun 25, 2012 3:07am Jun 25, 2012 3:07am
Quoting balanced2012
welcome mate !! i have a nice e liberary if your interested i can send you more ... just let me know

cheers
hi tanks for book....do u heve samthing on pivot points

cheers
Iam just A pips on the rode :nerd:
  • #39,484
  • Jun 25, 2012 3:08am Jun 25, 2012 3:08am
Cyprus has been further downgraded... http://www.reuters.com/article/2012/...LA912220120625

Not that will affect much on the EURUSD, but i thought since i live in Cyprus i will post it
Cheers!!
  • #39,485
  • Jun 25, 2012 3:10am Jun 25, 2012 3:10am
Quoting -er-
its very nice...
can u explain in simple words how does it work?
.........-.........._-_..........-...........
left shoulder|head|right shoulder = pullback as high as the 'head' , same vice versa
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,486
  • Jun 25, 2012 3:11am Jun 25, 2012 3:11am
Guys, is here some expert on commodities who could expand on my basic thoughts? I still didnt have enough time to fully study this subject, yet I am aware of the fact that since major commodities are denominated in USD it has heavy impact on our pair.

Lets say we have major importer - US
They import Oil and since it is their currency, which is the reserve one, they dont need to buy in order to pay for invoice. So they buy oil, USD will stay somewhere in Africa or Asia as an FX reserve and part of these "exported bucks" would be coming back into US economy via Treasuries once foreign entity rebalances portfolio. This creates deflation pressure on USD and therefore, FED has to ease.
Is this, what I have just written BS? If it is not, do you have any clue of how much of world production US buys? And btw, why is US so fixated on crude and aint buying Brent? And most importantly - how much of "exported bucks" could come back via Treasuries, Equities, etc.

To make it more simple, we have more importers of Oil than US.
Those guys need to buy USD first, in order to pay for their Oil. They dont necessarily have to buy it on the US market, they can buy it anywhere in the world. So if they buy it somwhere else than US, this amount (which can be huge) doesnt create deflation pressure and moreover, part of this sum is again returned to US via Treasuries etc.

Well, that is the base for debate. I could probably go on, but I am not sure that what I write is correct and dont want to humiliate myself more than necessarry. I will be glad if someone expands, especially if he posts some numbers or links.

Thx,

T
"I know one thing, that I know nothing." Sokrates
  • #39,487
  • Jun 25, 2012 3:13am Jun 25, 2012 3:13am
Quoting balanced2012
welcome mate !! i have a nice e liberary if your interested i can send you more ... just let me know

cheers
I need some book about commodities, you have any?

T
"I know one thing, that I know nothing." Sokrates
  • #39,488
  • Jun 25, 2012 3:15am Jun 25, 2012 3:15am
Quoting changbachang
.........-.........._-_..........-...........
left shoulder|head|right shoulder = pullback as high as the 'head' , same vice versa
thanks,,,,

so were is the entery ? on the nek line? or on the pulback?
Iam just A pips on the rode :nerd:
  • #39,489
  • Jun 25, 2012 3:16am Jun 25, 2012 3:16am
Quoting -er-
thise is "hs"?(h@S + double top?)
the picture too small , cant see the bars on the left , Hs usually exist after long(i mean long,not buy) bull/bear moves

babypips.com/school , for complete and clear explanation and other (i recommend read it all from very beginning to end without jumping to other page/chapter)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,490
  • Jun 25, 2012 3:16am Jun 25, 2012 3:16am
hey bro never you mind about humiliating yourself!!

Im about to ask what is PST?? haha

Quoting Tom_D_Trader
Guys, is here some expert on commodities who could expand on my basic thoughts? I still didnt have enough time to fully study this subject, yet I am aware of the fact that since major commodities are denominated in USD it has heavy impact on our pair.

Lets say we have major importer - US
They import Oil and since it is their currency, which is the reserve one, they dont need to buy in order to pay for invoice. So they buy oil, USD will stay somewhere in Africa or Asia as an FX reserve and part of these "exported bucks" would be coming back into...
"Millionaires don't use astrology, billionaires do"
  • #39,491
  • Jun 25, 2012 3:17am Jun 25, 2012 3:17am
Quoting -er-
thanks,,,,

so were is the entery ? on the nek line? or on the pulback?
my entry based from what price action tell me.. soo.. i cant tell
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,492
  • Jun 25, 2012 3:19am Jun 25, 2012 3:19am
Quoting changbachang
my entry based from what price action tell me.. soo.. i cant tell

basically it should be after breaking the neck line !!!
“Don't cry because it's over, smile because it happened.”
  • #39,493
  • Jun 25, 2012 3:24am Jun 25, 2012 3:24am
Quoting changbachang
the picture too small , cant see the bars on the left , Hs usually exist after long(i mean long,not buy) bull/bear moves

babypips.com/school , for complete and clear explanation and other (i recommend read it all from very beginning to end without jumping to other page/chapter)
i thinke thets ok,,,what do say?
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Iam just A pips on the rode :nerd:
  • #39,494
  • Jun 25, 2012 3:24am Jun 25, 2012 3:24am
Quoting Tom_D_Trader
Guys, is here some expert on commodities who could expand on my basic thoughts? I still didnt have enough time to fully study this subject, yet I am aware of the fact that since major commodities are denominated in USD it has heavy impact on our pair.

Lets say we have major importer - US
They import Oil and since it is their currency, which is the reserve one, they dont need to buy in order to pay for invoice. So they buy oil, USD will stay somewhere in Africa or Asia as an FX reserve and part of these "exported bucks" would be coming back...
You are talking major leagues mate. Maybe you want to start simplifying the equation (for currencies trading purposes) and link oil via inflation first. The basic premise, cheaper oil, push inflation lower. And second, lower oil prices via economic slowdown push inflation pressures even lower via economic output contraction.

What you mentioned is not BS at all but it maybe way too complex and "irrelevant" for just trading currencies. Of course, if you want to explore OIL and Treasuries trading independently you may need to add not only this but a whole bunch of other interrelated factors in the equation...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #39,495
  • Jun 25, 2012 3:25am Jun 25, 2012 3:25am
Quoting forex_growth
hey bro never you mind about humiliating yourself!!

Im about to ask what is PST?? haha
Pacific Standart Time. Pst, dont tell anybody.
"I know one thing, that I know nothing." Sokrates
  • #39,496
  • Jun 25, 2012 3:28am Jun 25, 2012 3:28am
Quoting balanced2012
basically it should be after breaking the neck line !!!
so thise is ordinery h&s i thouth there is samthig new changbachang formtion,,,well now i gess no ,,,nothing new.

nevermind all good
Iam just A pips on the rode :nerd:
  • #39,497
  • Jun 25, 2012 3:28am Jun 25, 2012 3:28am
yeah thought so - was just wondering why people were saying they hated trading it - figured it was some weird fancy bank holiday or something hahahaha

and Sisse is a hugely knowledgeable guy - good answer by him


Quoting Tom_D_Trader
Pacific Standart Time. Pst, dont tell anybody.
"Millionaires don't use astrology, billionaires do"
  • #39,498
  • Jun 25, 2012 3:29am Jun 25, 2012 3:29am
eur/jpy looking bullish here.
  • #39,499
  • Jun 25, 2012 3:35am Jun 25, 2012 3:35am
PT is think we have reached a big level on your USDCAD trade.
10290 looks like it's going to be hard to crack again.
  • #39,500
  • Jun 25, 2012 3:37am Jun 25, 2012 3:37am
Quoting -er-
i thinke thets ok,,,what do say?
nope its not hs for me
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
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