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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #43,021
  • Jul 16, 2012 8:44am Jul 16, 2012 8:44am
Quoting Harpe Eagle
The remaining long on gu closed for 220pips
Nice going Harpe!
I observe your reality but live my own.
  • #43,022
  • Jul 16, 2012 8:44am Jul 16, 2012 8:44am
always feels good knowing PT is on your side of the battle lines
  • #43,023
  • Jul 16, 2012 8:45am Jul 16, 2012 8:45am
Quoting neuron
always feels good knowing PT is on your side of the battle lines
Ditto
  • #43,024
  • Jul 16, 2012 8:51am Jul 16, 2012 8:51am
Quoting PipTrapper
Yep. 1.2235 for me. Same as Friday. My magic number
Is that a long term trade or a short trade?
  • #43,025
  • Jul 16, 2012 8:52am Jul 16, 2012 8:52am
Well folks, I'm heading out soon. Gotta go see some houses with my real estate agent. Wifey wants a new pad. Damn I knew I shouldn't have closed those shorts
Those who say it cannot be done should not interrupt those who are doing it
  • #43,026
  • Jul 16, 2012 8:53am Jul 16, 2012 8:53am
Quoting nunonuk
Is that a long term trade or a short trade?
Short term if it reverses up. Long term if it heads down.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,027
  • Jul 16, 2012 8:56am Jul 16, 2012 8:56am
Quoting PipTrapper
Well folks, I'm heading out soon. Gotta go see some houses with my real estate agent. Wifey wants a new pad. Damn I knew I should have closed those shorts
Good luck brother... Im just gonna continue living with my parents as long as humanly possible.
  • #43,028
  • Jul 16, 2012 8:58am Jul 16, 2012 8:58am
Quoting Wulfgar
Good luck brother... Im just gonna continue living with my parents as long as humanly possible.
arrghh No way for me. My mother would drive me nuts. Do this, do that, take me here, there everywhere. That's more along the lines of my sister's job.

Okay I'm outta here. Be back in a few hours.
Those who say it cannot be done should not interrupt those who are doing it
  • #43,029
  • Jul 16, 2012 9:10am Jul 16, 2012 9:10am
Quoting PipTrapper
Yep. 1.2235 for me. Same as Friday. My magic number
Yes... Correct.
EU moved UPWARD because News
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Always looking the GREAT, never left GOOD Point...
  • #43,030
  • Jul 16, 2012 9:41am Jul 16, 2012 9:41am
Quoting Cgb
Actually, without volume it makes it impossible to confirm or validate breakouts of chart patterns. Volume is an integral component of TA
i think its should be liquidity which is more important than the volume,usually really move start when liquidity is above 100% of average.tick volume is not the same as normal volume say for example u can take 1 unit trade for one lakh time that will give good tick volume.but its not the same as real liquidity which is a function of tick volume and spread,atleast in forex.
Allah has permitted trade and has forbidden interest [koran]
  • #43,031
  • Jul 16, 2012 9:43am Jul 16, 2012 9:43am
Quoting PipTrapper
Me.. Muhahahahahaha
"I know one thing, that I know nothing." Sokrates
  • #43,032
  • Jul 16, 2012 9:50am Jul 16, 2012 9:50am
Quoting CurrencyMan
I Know That I Know You Which Means That I Know Something As You Teach Me Goodness.

Have A Nice Day. I Love Real People.
Allah has permitted trade and has forbidden interest [koran]
  • #43,033
  • Jul 16, 2012 9:53am Jul 16, 2012 9:53am
From time to time, I gaze on the chart and pick out ressistances I couldnt find out using my ordinary methods. Those numbers can be anything and I dont have any clue where do they come from. I dont enter trades here, but am watching these places with interest. One such a place is 22476. Dunno, where it came from, but it appeares to be ressistance. Anyone knows why price stopped here? Btw, it is that grey paused line.

T
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"I know one thing, that I know nothing." Sokrates
  • #43,034
  • Jul 16, 2012 9:55am Jul 16, 2012 9:55am
Quoting Tom_D_Trader
Well, odin, its very weird question you know? Everyone has his own methods how to explore the market. I think that there are so many external variables influencing the price that one can understand this system only with heavy study. Lets say 50 years.

I think you should start with basics, which are three:

Fundamentals: You need to know how money flows, how it seeks yield between different asset classess. What CBs do. What is a liquidity. How OTC market works, his size, who can influence it. How international market works, how goods flow. Generally,...
Allah has permitted trade and has forbidden interest [koran]
  • #43,035
  • Edited 9:56am Jul 16, 2012 9:55am | Edited 9:56am
Quoting qube
Originally Posted by PipTrapper


Good afternoon Guys,
I 've been reading your thread For some time now , it's great, bees and honey!
I fully agree with Tom and his conspiracy theory, on friday they pushed it circa 90 pis on the thin air. So today just before the news I entered my long at 2184 with tight SL betting on the bounce from the linear regression channel upper band and with the little help of my friends in retail they began pushing it higher for no apparent reason. I think to stick with m long with b/e sl for some time. What do you...
Could you kindly tell me what do you think of setting the TP for the long@2184 at DR1@2282?
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  • #43,036
  • Jul 16, 2012 9:57am Jul 16, 2012 9:57am
Quoting Tom_D_Trader
From time to time, I gaze on the chart and pick out ressistances I couldnt find out using my ordinary methods. Those numbers can be anything and I dont have any clue where do they come from. I dont enter trades here, but am watching these places with interest. One such a place is 22476. Dunno, where it came from, but it appeares to be ressistance. Anyone knows why price stopped here? Btw, it is that grey paused line.

T
1.22463 is the current Weekly Pivot level. Could be a reason why.
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I observe your reality but live my own.
  • #43,037
  • Jul 16, 2012 9:59am Jul 16, 2012 9:59am
Quoting Tom_D_Trader
From time to time, I gaze on the chart and pick out ressistances I couldnt find out using my ordinary methods. Those numbers can be anything and I dont have any clue where do they come from. I dont enter trades here, but am watching these places with interest. One such a place is 22476. Dunno, where it came from, but it appeares to be ressistance. Anyone knows why price stopped here? Btw, it is that grey paused line.

T
2247 is the weekly pivot...that seems to be a good stopping point for the longs so far.
  • #43,038
  • Jul 16, 2012 10:00am Jul 16, 2012 10:00am
Quoting Cgb
1.22463 is the current Weekly Pivot level. Could be a reason why.
Damn those pivots. I usually add them when we are in uncharted zone, after major break. Imo when people have nothing to hold to, they stick to fibo and pivots.

Thx for the answer man, I think I should add them. But ahhh, I have so many lines in my charts, I dont want to add pivots, buuhuu .

T
"I know one thing, that I know nothing." Sokrates
  • #43,039
  • Jul 16, 2012 10:07am Jul 16, 2012 10:07am
Quoting Tom_D_Trader
Damn those pivots. I usually add them when we are in uncharted zone, after major break. Imo when people have nothing to hold to, they stick to fibo and pivots.

Thx for the answer man, I think I should add them. But ahhh, I have so many lines in my charts, I dont want to add pivots, buuhuu .

T
They more often than not indicate turning points and limits.

ADD: But don't worry, just follow the money flow between asset classes they lead the charts.
I observe your reality but live my own.
  • #43,040
  • Jul 16, 2012 10:07am Jul 16, 2012 10:07am
Quoting Cgb
Explain to me how you follow the money flow beforeit's displayed on any chart, because what you're stating is that the flow occurs prior to being posted on any charts and the chart is nothing but a lagging indicator.

So what are you using to follow these asset classes?
u follow the fundamentals which give u the highest probability of where the money going to go and then confirm that with charts.chart are just a tool to help u with what u r thinking fundamentally correct or not. serious money really looks at the fundamental if they able to justify that thier money is safe then they will take it thier and what u see on chart are just thier footsteps.if i understand correctly in this enviornment serious money is not even looking for yield but safety of waht they got.
Allah has permitted trade and has forbidden interest [koran]
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