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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #43,041
  • Jul 16, 2012 10:10am Jul 16, 2012 10:10am
we immediately know simply that tom is the farting man
Quoting Tom_D_Trader
If I fart, once you smell it, is it present or future?

T
Allah has permitted trade and has forbidden interest [koran]
  • #43,042
  • Jul 16, 2012 10:11am Jul 16, 2012 10:11am
and we will know turbulance of tom farting can be best explain by chaos theory
Quoting Cgb
Past and Future. It is a lagging indicator showing the amount of gas being created by the decomposition of digested foods. However, knowing what was eaten before the decomposition process began is a leading indicator as to the amount of gas that's going to be produced.
Allah has permitted trade and has forbidden interest [koran]
  • #43,043
  • Jul 16, 2012 10:17am Jul 16, 2012 10:17am
Quoting drzakir123
u follow the fundamentals which give u the highest probability of where the money going to go and then confirm that with charts.
And thats the answer for farting riddle. Charts are lagging. Ofc they are. But there is one big BUT. Which is the point of CMan. I you see some lagging chart of an asset move, with sufficient fundamental background, you can use it to determine, where the money will be flowing. In that case, chart becomes leading indicator.

So guys, imo you are both right. Charts are lagging, but if you have sufficient knowledge, they can be leading.

T
"I know one thing, that I know nothing." Sokrates
  • #43,044
  • Jul 16, 2012 10:20am Jul 16, 2012 10:20am
paradise is under the feet of ur mother.i wonder how nuts she might of gone when she had to change ur dirty nappy in the middle of night just to keep u comfortable.
Quoting PipTrapper
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.
Allah has permitted trade and has forbidden interest [koran]
  • #43,045
  • Jul 16, 2012 10:21am Jul 16, 2012 10:21am
To wrap it up in an example:

Dow is going down = investors at NYSE are gaining USD for selling their stocks. When regarding to Dow, chart is already lagging. But I know, those investors now have loads of USD for their sold assets and they are going to park those money somwhere, for example treasuries. In this case, Dow chart becomes leading indicator for price of treasuries.

T
"I know one thing, that I know nothing." Sokrates
  • #43,046
  • Jul 16, 2012 10:26am Jul 16, 2012 10:26am
Quoting drzakir123
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.
I don't disagree with you Doc. Fundamentals, I have learnt the hard way, is what drives Forex more often than not. What I was asking CMan (CurrencyMan) was what he was looking at in order to determine where the money was going in his statement "Follow the money flow between asset classes they lead the charts".

There is only one thing you can look at. And that's a chart. He still has not replied to both PT's question and mine.

Based on your fundamental belief of where you think the market is going, you typically look at a chart to determine your entry and exit points. I say typically because not everybody does so, like in the case of Wolf. I am a visual type of guy and need to see the charts. Wolf is probably an auditory type person and doesn't need visual confirmation of something he already sees in his mind's eyes.

I still believe the Euro will go down, but I think we need a 200+ point correction before heading south. Based on this view, I am playing the formation I saw on the chart this morning. I choked my trade at 25 pips and took profit because after reviewing my last week's trades, I noticed that had I taken profit where I thought I should be taking my profits (stated TP levels with the charts I've posted), I would be up a whoping 60% of where I closed my trades. So I was leaving more money on the table than I wanted to. This week I plan on correcting that

I am current long again from 1.2225 and plan on taking 1/2 profits when it hits 1.2281 as this is today's S1 level or if it hesitates at 1.2273 which is the 138% extension of this morning's pop after retracing to the 50% level.

Anyways, I'm still waiting for CMan's answer.
I observe your reality but live my own.
  • #43,047
  • Jul 16, 2012 10:41am Jul 16, 2012 10:41am
Chaos here right now as we have a mid sized forest fire started up behind our development, so 3 helicopters and a spotter plane whilst we wait for the Canadair Water-Bombers.......so not the best enviroment for trading!!

I took the same sell as PT and others earlier at 2238, but without a coloured volume bar, later, I took profit at the lower edge of the ribbon - the 34 SMA. IF I'd been able to think more clearly, I'd have picked up on the lack of serious selling volume after the 2 wide ranged high volumed green candles after the data and taken a buy.....

Now, higher volume IS coming in as price stalls at the days open level and as its coming to the European Close, so IMO some profit taking.......what will the afternoon US Session bring??.....either way, I'm having a cold San Miguel whilst watching the whirly birds.....
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Trading Levels with WRBs
  • #43,048
  • Jul 16, 2012 10:41am Jul 16, 2012 10:41am
USDX near the H1 sma200. again
  • #43,049
  • Jul 16, 2012 10:51am Jul 16, 2012 10:51am
Hesitation here at the 123% after peaking at 138% extension.

Out +40 on this trade. I may have choked it again, but the TDI on both the 5M and 15M chart is overbought. The hour chart still has room to go though...
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I observe your reality but live my own.
  • #43,050
  • Jul 16, 2012 10:53am Jul 16, 2012 10:53am
Quoting catwoman
USDX near the H1 sma200. again
83.255 is pivital and it has moved below it. I expect 83.000 next.
I observe your reality but live my own.
  • #43,051
  • Jul 16, 2012 10:53am Jul 16, 2012 10:53am
Well guys, I have made my decision and I am going to listen to my paranoid me. Someone is intervening in the market to prevent breakdown before Bubbles testifies. That beeing said, I wont enter any trade untill I know how market reacts tomorrow. I think, that no matter what he says, market will be bullish after his speech . So cya tomorrow, I am going to get drunk.

ressistances on the way:
22876 - swing weekly low
23283 - Aftermath low
23459 - 05/2012 - monthly close

T
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"I know one thing, that I know nothing." Sokrates
  • #43,052
  • Jul 16, 2012 10:57am Jul 16, 2012 10:57am
Quoting catwoman
the time is now, i hope. shorted @ 87,30
wasn't. stopped out
  • #43,053
  • Jul 16, 2012 10:57am Jul 16, 2012 10:57am
Crude seems poised to breakout to the upside on the inverted head and shoulders formation.
Attached Image (click to enlarge)
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I observe your reality but live my own.
  • #43,054
  • Jul 16, 2012 11:13am Jul 16, 2012 11:13am
Quoting Cgb
I don't disagree with you Doc. Fundamentals, I have learnt the hard way, is what drives Forex more often than not. What I was asking CMan (CurrencyMan) was what he was looking at in order to determine where the money was going in his statement "Follow the money flow between asset classes they lead the charts".

There is only one thing you can look at. And that's a chart. He still has not replied to both PT's question and mine.

Based on your fundamental belief of where you think the market is going, you typically...
I am watching the Dow go down from 30 to down 100 though now it is holding at 30 and as I continue to see it go down with occasional exceptions the money flows in good part to the US Bonds.

The momentum is set and so EUR/USD will go down most of the time as it makes up 57.2% of the US Dollar Index.

Now if all of a sudden like on Friday ALL is GOOD with the World in the USA and then we have Risk On we see how on Friday ALL boats moved up including EUR/USD.

I think you get my point by now.

I smell a FART and I know I need to get away from the STINK so my Momentum is heading out the door. The CHART if there is one of me leaving the room will soon record my movement.

The less it STINKS the more it goes UP. Then we have which Currency STINKS less.

Do You Like My STINKY Explanation ?

Thanks for asking.
  • #43,055
  • Jul 16, 2012 11:20am Jul 16, 2012 11:20am
Quoting Cgb
Hesitation here at the 123% after peaking at 138% extension.

Out +40 on this trade. I may have choked it again, but the TDI on both the 5M and 15M chart is overbought. The hour chart still has room to go though...
Nice one, that's the 40 I missed watching the fire planes and deciding if I needed to think about loading up my cars.....whilst I agree, there's still room to go up, I guess we might have to wait until the European Session to find out.....
Trading Levels with WRBs
  • #43,056
  • Jul 16, 2012 11:22am Jul 16, 2012 11:22am
Quoting CurrencyMan
I am watching the Dow go down from 30 to down 100 though now it is holding at 30 and as I continue to see it go down with occasional exceptions the money flows in good part to the US Bonds.

The momentum is set and so EUR/USD will go down most of the time as it makes up 57.2% of the US Dollar Index.

Now if all of a sudden like on Friday ALL is GOOD with the World in the USA and then we have Risk On we see how on Friday ALL boats moved up including EUR/USD.

I think you get my point by now.

I smell a FART and I know I need to get away from...
oh noo,how i am going track the turbulance of ur non stinking fart. if i somehow manage to solve then i am going to claim myself to be master of chaosj/k
Allah has permitted trade and has forbidden interest [koran]
  • #43,057
  • Jul 16, 2012 11:25am Jul 16, 2012 11:25am
Quoting Cgb
Crude seems poised to breakout to the upside on the inverted head and shoulders formation.
thank u Cgb for that chart,appreciated
Allah has permitted trade and has forbidden interest [koran]
  • #43,058
  • Jul 16, 2012 11:45am Jul 16, 2012 11:45am
Quoting CurrencyMan
http://news.goldseek.com/GoldenJackass/1342123200.php

This economist and newsletter author has been ahead of the curve for the last 5 years. His article of July 12, 2012 is quite revealing. Others that I follow like Grant Williams Hmmmm that PipTrapper posts a link to each week says the same thing. Read his piece and see if you get the same sense of things that I do.

Snippet:


LABOR MARKET IN TATTERS
[font=Verdana][b]The USEconomy requires around 140 thousand jobs to stay neutral, as population growth...
thanks
  • #43,059
  • Jul 16, 2012 11:46am Jul 16, 2012 11:46am
Quoting drzakir123
paradise is under the feet of ur mother.i wonder how nuts she might of gone when she had to change ur dirty nappy in the middle of night just to keep u comfortable.
She never did. She was a "hands off" mother. I had nannies raising me, feeding me, cleaning me, dressing me, taking me shopping for clothes and shoes. Yup, most say I was pampered but in reality, I was dragged around, abused and hated. It was my mother that was pampered. How's that for a paradigm shift?
Those who say it cannot be done should not interrupt those who are doing it
  • #43,060
  • Jul 16, 2012 11:51am Jul 16, 2012 11:51am
Quoting Islander
Chaos here right now as we have a mid sized forest fire started up behind our development, so 3 helicopters and a spotter plane whilst we wait for the Canadair Water-Bombers.......so not the best enviroment for trading!!

I took the same sell as PT and others earlier at 2238, but without a coloured volume bar, later, I took profit at the lower edge of the ribbon - the 34 SMA. IF I'd been able to think more clearly, I'd have picked up on the lack of serious selling volume after the 2 wide ranged high volumed green candles after the data and taken...
Nice play Bro. I stepped out so I left the trade unattended and it is now slightly underwater. No worries though. I'll keep it coz the Euro is going to hell anyway.
Those who say it cannot be done should not interrupt those who are doing it
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