EurAnalysis

Once again, it's time for me to head out and enjoy some sun and fresh air.
I'll be back for NY

http://stonemole.files.wordpress.com...mino_malta.jpg

havent had any summer in Estonia this year, last year we had 3 months 30C+ ALL-DAY-LONG, it was painful

hi guys i am back. Did i hear compounding mentioned. That is the best way to trade. It is newbie talk to talk about investing 2% or what ever of your bank roll but i can see the logic. you are acknowledging defeat before you begin. and its idiotic to think if you invest 2% of say 50 000 and then do the same with 1000 000. Try and read on how pros do it IF they are willing to share. Take care everyone, i got trading to do.

I read your very interesting post just now and the following caught my attention;

let me give u a holygrail which is a secret and that is smaller the account one has,smaller should be ur leverage and bigger the time frame one should be concentrating on.u know what, it took about five yrs of hard knocks to realise the above sentence in red and there is lot of pain and sweat and hours of hardwork behind it.i will insist to u and all the noobs and suckers here to give the above in red a very serious consideration and think over it with different angles.

Would you then agree with the following which is the other side of your excellent observations ?

The Larger The Account One Has, Larger Should Be Ur Leverage And Smaller The Time Frame One Should Be Concentrating On.

The time frame being 5 minutes, 15 minutes and 4 Hour to see Trend short term.

This in effect is the way that I trade with success because of larger capital available to me.

I always enjoy reading your posts and your views on life.

Here we go....

Seems to be working... Moving the stop lower to 1,2259

One of the most important keys for success, Patient!

Everybody has their own comfort zone and they should stick with it. No two traders are alike and just because you see someone here suggesting a more conservative approach than yours, it does not mean that they are admitting defeat, nor that they are idiots. No offence intended, but I feel your last post shows nothing but ignorance on your part.

Daily Forex Brief

London: Monday 20th August 2012 Greece is the word Greece is back in the spotlight this week with a number of high profile meetings between PM Samaras and various European leaders. Angela Merkel meets with the Greek leader on Friday; she is also due to sit down with French President Hollande the same day. Greece is seeking to prolong the timeframe of its adjustment program. For their part, Merkel's CDU seem in no mood for any further compromise – for instance, the parliamentary leader of the CDU-CSU stated over the weekend that there was no room for any more latitude, and that if Greece were to fall into bankruptcy then it would be expensive but manageable. Ahead of these meetings and discussions, the euro is simply marking time, although on Friday there was a remarkably rapid descent to below 1.23 before some buyers re-emerged. Elsewhere, the Aussie still looks a bit fragile – it recovered somewhat overnight to the 1.0450 region, but has had a few looks at the 1.04 level over the past couple of days. Tonight's RBA Minutes from the most recent meeting will be critical for the AUD in the short term. Cable is still perched around the 1.57 area, unmoved by a report from Rightmove overnight which showed that house prices dropped a further 2.4% this month after a 1.7% decline in July.
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Absolutely. It is worth more than your account.

Hi Guys.

Thanks for your today's analysis.
I would like to point out one more very important technical factor.
As EURUSD is strongly corelated to what's happening on stock market, please have a closer look on indecies today.
All of them are aproaching their very, very important long time technical resistance zone.
And just to make it simple, if they break the resistance, EURO goes UP,
if they hold, then bye bye... EURO goes down...

Just as an example SP500, DowJones & EUROstoxx....

http://www.actionforex.com/action-in...0120820172444/

Daily Report: Euro Steady on ECB's Plan to Set Yield Limits, Yen Weakens

The Japanese yen edged lower against dollar in Asian session in otherwise quite markets. As mentioned before, recent weakness in yen was primarily driven by sharp jump in US treasury yield, which reflected receding expectation on additional easing from Fed in near term. The FOMC minutes due Wednesday will be the key for this week as these would a gauge on the Fed's next action. As policymakers decided to leave the monetary stance unchanged at the last week, we expect they mainly discussed main options if further easing is need. Possible measures they considered include extending the earliest date of the first rate hike, providing "exit guidance" on asset sales, cutting interest rates on reserves and QE3. The minutes, together with the Beige Book and the Fed Chairman Bernanke's speech at the Jackson Hole Symposium (both due next week), might give the public a better picture about the Fed's action in September. Or in more accurate description, these events will likely show that Fed won't do anything in September.

According to the German newspaper Der Spiegel, the ECB would decide at the September meeting on setting limits on yields of Eurozone sovereign debts through unlimited bond purchases. For this plan to materialize, the central bank would need to prepare to buy all of Spain and Italy's present and future debt. Therefore, this would only be the last resort for the ECB. We caution that discussion about the matter does not mean members would agree on it. Meanwhile, we have received mixed messages from Germany's officials concerning assistance to Greece. While Finance Minister Wolfgang Schaeuble stated that there were limits to the aid that could be granted to Greece, Chancellor Angela Merkel said the country would consider easing the debt-ridden Greece's bailout terms.

Before that, Luxembourg prime minister Jean-Claude Juncker will fly to Athens on Wednesday to meeting Greek Prime Minister Samaras on the request for two-year extension on fiscal adjustment. Samaras would then meet French President Francois Hollande and German Chancellor Angela Merkel later in the week. Juncker emphasized that a Greece exit "will not happen, unless Greece were to violate all requirements and not to stick to any agreement." ECB Executive Board Member Joerge Asmussen also said that it's not preferred even though Grexit is " manageable.

Asian equity markets are mixed today but with some notable weakness seen in China and Hong Kong stocks. Latest data fro China showed rebound in new home prices, with advance in 49 of 70 cities in July.

Overall home prices rose 0.1% mom, dropped -1.5% yoy. And, it's reported that China won't cut the reserve-requirement ratios again in near term to prevent property markets from being overheat again.

Latest CFTC data showed that speculators increased net Euro short again to 137.8k contracts on August 14. But that was still way better than the 167k contracts largest net short level in July. Despite recent selloff in yen, net yen long did rose slightly from 27.5k to 30.7k contracts. And, Aussie long continued its march and rose from 52.9k to 66.7k contracts. Canadian long also jumped from 19.1k to 28.6k contracts. Sterling net positions was nearly flat though. The data highlighted a possibility that speculators are adding to their Euro commodity cross short positions during recent recovery/consolidations. But we're a cautious though, as EUR/AUD showed sign of near term reversal. Let's see how it goes this week.

Make arrangement with your bank and the broker. I only have to transfer something like 25 or 35 % to broker account to make 100% full amount transaction.

Unless the bank and the broker collapse, my max risk with broker is 25 or 35 %.

Monday, August 20, 2012 6:41:57 AM


6:41 AM Germany's Bundesbank warns that moves to share "solvency risks" in the eurozone should be decided by governments and not the ECB. The comments follow speculation that the ECB is considering intervention to cap the spreads between peripheral and German bond yields by buying unlimited amounts of government debt. It's a plan that Germany's finance ministry denies any knowledge of but says would be "very problematic."

Congratulation.

http://www.finviz.com/fx_image.ashx?...10429586992500

I am a bit confused about account size and the leverage level and time frame to work on.

Say you use 1:10 leverage on;
100,000 account size you can make transaction up to 1,000,000.
1,000,000 account size up to 10,000,000.

Why should it be of any difference regardless of account size?

Thanks Ken.

Not sure if it works that way. After I made an e-payment is there anything my bank can do to retrieve it back?

Another trading song. This one is for 2287.