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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #48,801
  • Aug 21, 2012 9:05am Aug 21, 2012 9:05am
Quoting RodMca
May I ask what the reason is for 1.2480 as the first line of defence, or is it the talk on the floor?
No comment
Those who say it cannot be done should not interrupt those who are doing it
  • #48,802
  • Aug 21, 2012 9:06am Aug 21, 2012 9:06am
Quoting FXSwissTrader
BTW- what is POC. For the life of me, I can't seem to remember.
Point of Control in Market Profile speak.....
Trading Levels with WRBs
  • #48,803
  • Aug 21, 2012 9:06am Aug 21, 2012 9:06am
Quoting PipTrapper
No comment
Exactly what I thought
  • #48,804
  • Aug 21, 2012 9:07am Aug 21, 2012 9:07am
The weed is growing in here PT. You should consider eliminating them.
  • #48,805
  • Aug 21, 2012 9:07am Aug 21, 2012 9:07am
Quoting PipTrapper
I know what you are looking at on the weekly, but according to my interpretation, that does not count because you are supposed to measure it from one swing to the other. The last two weekly swing lows were on 27th May and 22nd July and there is clearly no bullish divergence there.

If I am not mistaken, you are looking at the lows of 15th January and 22nd July. If so, you are not looking at it correctly. For that kind of spread in time, you have to look at the monthly chart and there you will not find any bullish divergence either.
This is the way I see the weekly chart and that is why i have been buying EU. Whether DNT level or not, 1.26 is under attack.

1.2473 may be difficult to break for now. We need pull back to d the job
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THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #48,806
  • Aug 21, 2012 9:07am Aug 21, 2012 9:07am
Quoting Islander
Point of Control in Market Profile speak.....
Thx
  • #48,807
  • Aug 21, 2012 9:08am Aug 21, 2012 9:08am
Quoting iak_fx
Sorry,
i am retail, the euros or oil or whatever i am buying is just nothing.
There is no "market" for retailers. It's just not there. Oh you got an ECN account and think you are trading interbank rates now? No way.
I hear about "big guys" all the time, here, on so cooool websites like Forexlive and so on.. you know how these big guys make money? Spread. With our money. Smart isnt it?

Try to buy a real oil future. Did you ever try?
Buddy go back to wherever you came from.
contribute properly without bashing anyone.
Wooooohooooo or Boooooohooooo
  • #48,808
  • Aug 21, 2012 9:08am Aug 21, 2012 9:08am
Quoting Tom_D_Trader
You know I dont understand to that correlation mumbo jumbo, but I dont think it is US sellof, but more of a EU buy.

DJIA -0,03%, SaP 0%,
Stoxx 50 +0,63%, FTSE 100 +0,33%, Dax +0,43%

That beeing said, hop hop hop, hopium. This is ECB money we are running on, still the same money we are running on whole month. And they aint infinite, they are only trying to prevent break before Sept Bundestag vote.

T
I beg to differ

The fall from 1.33 has been panicked investors pulling their investments out of Europe. At a certain point they slow down and then the Euro snaps like a rubber band back to 700-1200 points off of bottom much like in May 2011, July 2011, October 2011 and Feb 2012.

the recoil on this pair is something awesome.
Kill the ego, or it will kill the mission.
  • #48,809
  • Aug 21, 2012 9:09am Aug 21, 2012 9:09am
So, I am out to get drunk, as I want to get to corner of street as fast as possible. There is nothing for me waiting here and imo this move is not a fake. Spanish yields at 6,21, Italy 5,68. Not a joke, dont short here.

Thank you very much for your insight Medici, I have somethink to think about this week, as unfortunately, I see this conspiration theory pretty viable. Now it can be, ECB couldnt do it alone till September and asked GS and bros. to participate, via easing the rules. Contract with the devil. Quite possible scenario, if you ask me.

Gl rest of the day,

T
"I know one thing, that I know nothing." Sokrates
  • #48,810
  • Aug 21, 2012 9:09am Aug 21, 2012 9:09am
Quoting gnomoneey
Buddy go back to wherever you came from.
contribute properly without bashing anyone.
Ok, sorry.
I am off. Have a nice one.
Btw, i am not your buddy.
  • #48,811
  • Aug 21, 2012 9:09am Aug 21, 2012 9:09am
Quoting iak_fx
Sorry,
i am retail, the euros or oil or whatever i am buying is just nothing.
There is no "market" for retailers. It's just not there. Oh you got an ECN account and think you are trading interbank rates now? No way.
I hear about "big guys" all the time, here, on so cooool websites like Forexlive and so on.. you know how these big guys make money? Spread. With our money. Smart isnt it?

Try to buy a real oil future. Did you ever try?
Let's move on with the discussion where this pair is going. Let's not compare account size. Deal?
  • #48,812
  • Aug 21, 2012 9:11am Aug 21, 2012 9:11am
Quoting foto
Ken A
My take on the economy of Nations is that gdp growth remains entirely based upon credit growth and destruction(deleveraging)
Nowhere does any economy run on a cash basis any longer. It is on cashflow.
The business cycle grows theoreticaly when C.B.'s apply no standards and gun liquidity in an effort to stimulate credit growth. As credit growth increases, the perchant of borrowers to spend likewise increases. This is the much ballyhooed pump priming that CB's engage in. When coupled with government deficit spending the Keynesian package arrives....
well done,i totally agree with u
Allah has permitted trade and has forbidden interest [koran]
  • #48,813
  • Aug 21, 2012 9:12am Aug 21, 2012 9:12am
Quoting iak_fx
Sorry,
i am retail, the euros or oil or whatever i am buying is just nothing.
There is no "market" for retailers. It's just not there. Oh you got an ECN account and think you are trading interbank rates now? No way.
I hear about "big guys" all the time, here, on so cooool websites like Forexlive and so on.. you know how these big guys make money? Spread. With our money. Smart isnt it?

Try to buy a real oil future. Did you ever try?
I have no idea what the point is that you are trying to make. Perhaps it is the language barrier (Asian English). I understand the words, but not the context or the emotion/intent behind it. I am very well aware of how the markets work. I am also a retail trader but I have my education from the so called "Big Boys". The only difference between them and us is the size of their wallet and the information they have access to (which we generally don't) because they pay big bucks for it. Otherwise, they are traders and investors just like us. Speculating and hoping they are right. Yes I agree that most of the money they make is from the retail market in more ways than one, but if you are suggesting that retail traders don't stand a chance, I respectfully have to disagree with you. We retail traders just have to know how to survive in a sea full of sharks. That's all.
Those who say it cannot be done should not interrupt those who are doing it
  • #48,814
  • Aug 21, 2012 9:13am Aug 21, 2012 9:13am
Quoting AaronWard
I beg to differ
My love, I am very sorry tell you I have found a new boyfriend here. His name is Ken and he is not arguing that great as you, but he is long.

.

Sry mate, I would like to talk to you but I ve got some job to do. Btw, I agree, volatility made by massive inflows of money when market is about to crack is terrible and it will be occuring in the future more and more. The question is, where does the liquidity come from?

T
"I know one thing, that I know nothing." Sokrates
  • #48,815
  • Aug 21, 2012 9:13am Aug 21, 2012 9:13am
Quoting Islander
....or as our Thread Leader so ably put it....the 1,2450 barrier got buggered without a condom.........so having taken partials, I got back in again on the pull back before the NYSE Open.

Now after a good look and thinking on both ST and PT's comments and as I have a level at 2478 I'll set that as this afternoon's TP - unless we get a Lower High - the high so far is 2473 - in which case I'll exit PDQ
not a LH but an equal high BUT with lower TVI readings on several TFs so I'm out and finished for today.

As its now 41ºC I'll head for my pool.....perhaps with my loofa and plastic duck
Trading Levels with WRBs
  • #48,816
  • Aug 21, 2012 9:14am Aug 21, 2012 9:14am
Quoting Ken A
Let's move on with the discussion where this pair is going. Let's not compare account size. Deal?
Ok, cut my head, here is what i see. Red ones are targets.
Attached Image (click to enlarge)
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But i don't trade these, just to know where the trend is heading and for risk management.

Comments welcome
  • #48,817
  • Aug 21, 2012 9:16am Aug 21, 2012 9:16am
Quoting FXSwissTrader
The weed is growing in here PT. You should consider eliminating them.
No worries. I've got my finger on the trigger and it's set to go off very soon.

http://www.homehardware.ca/products/300/50486001.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #48,818
  • Aug 21, 2012 9:16am Aug 21, 2012 9:16am
Quoting Islander
Point of Control in Market Profile speak.....

Check your PM.
  • #48,819
  • Aug 21, 2012 9:17am Aug 21, 2012 9:17am
Quoting Tom_D_Trader
My love, I am very sorry tell you I have found a new boyfriend here. His name is Ken and he is not arguing that great as you, but he is long.

.

Sry mate, I would like to talk to you but I ve got some job to do. Btw, I agree, volatility made by massive inflows of money when market is about to crack is terrible and it will be occuring in the future more and more. The question is, where does the liquidity come from?

T
Now this is getting really weird and awkward
  • #48,820
  • Aug 21, 2012 9:17am Aug 21, 2012 9:17am
I have been learning a lot from all of you and this thread so thanks for that. My short last night didn't work out so well but maybe some of these will. Best of luck to all!
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