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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #50,501
  • Aug 28, 2012 10:19am Aug 28, 2012 10:19am
Entering in my conventional way with last candle close + spike + strong supply, All the best.
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  • #50,502
  • Aug 28, 2012 10:21am Aug 28, 2012 10:21am
Quoting Tom_D_Trader
No offence intended mate. Its just, you ve told me (Actually I ve googled it, coz you got pissed of) VWAP uses volume from FX to count the price. Volume in FX is nothing more than momentum. If you ask me, thats indicator. I know you are more skilled trader than me, but nevertheless, from what I have learned so far, volume in FX simply is indicator. It is needed to say, that I really dont understand to your approach, so I may be wrong, but mate, momentum = indicator.

T
OK. We will just agree to disagree. Obviously you have no desire to understand the concept for which I use to trade. I don't want to discuss this any further.
  • #50,503
  • Aug 28, 2012 10:21am Aug 28, 2012 10:21am
Quoting Cgb
I picture says a thousand words. My feeling today (again).
Wooooohooooo or Boooooohooooo
  • #50,504
  • Aug 28, 2012 10:21am Aug 28, 2012 10:21am
Quoting Gofer Pips


Learned from leader of thread!
At least you're learning something
Those who say it cannot be done should not interrupt those who are doing it
  • #50,505
  • Aug 28, 2012 10:22am Aug 28, 2012 10:22am
So nobody thinks there will be another stimulus package QE or by other name will be announced at Jackson Hole? The market seems to think otherwise or it's just pure hopium before the fact or somebody knows something of Jackson Hole?
  • #50,506
  • Aug 28, 2012 10:24am Aug 28, 2012 10:24am
Quoting Ken A
So nobody thinks there will be another stimulus package QE or by other name will be announced at Jackson Hole? The market seems to think otherwise or it's just pure hopium before the fact or somebody knows something of Jackson Hole?
Please, let's not beat a dead horse.
  • #50,507
  • Aug 28, 2012 10:28am Aug 28, 2012 10:28am
Quoting Ken A
So nobody thinks there will be another stimulus package QE or by other name will be announced at Jackson Hole? The market seems to think otherwise or it's just pure hopium before the fact or somebody knows something of Jackson Hole?
It's called Jackson Hole because Jack S**t will come out of it.
Nothing will happen there on Friday. Benny will not confirm or deny anything other than saying that the committee is prepared to act should the economy take a drastic turn for the worst... just like he's been saying all year.

The only excitement that was scheduled to come out of JackA$$Hole was Draghi's speech on Sarturday which has now been cancelled.
Those who say it cannot be done should not interrupt those who are doing it
  • #50,508
  • Aug 28, 2012 10:30am Aug 28, 2012 10:30am
Quoting PipTrapper
It's called Jackson Hole because Jack S**t will come out of it.
Nothing will happen there on Friday. Benny will not confirm or deny anything other than saying that the committee is prepared to act should the economy take a drastic turn for the worst... just like he's been saying all year.

The only excitement that was scheduled to come out of JackA$$Hole was Draghi's speech on Sarturday which has now been cancelled.
So we can expect more US$ weakness and strength in E/U. Great.
I observe your reality but live my own.
  • #50,509
  • Aug 28, 2012 10:31am Aug 28, 2012 10:31am
I got a wonderful view
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  • #50,510
  • Aug 28, 2012 10:33am Aug 28, 2012 10:33am
I am long U/Cad as it has bounced off a previous naked POC at .9842.
  • #50,511
  • Aug 28, 2012 10:34am Aug 28, 2012 10:34am
Quoting PipTrapper
Attention all posters.

I started a new thread 5 minutes ago.

It is called EurAnalysis Kindergarten.

If anyone wants to post anything educational, that is where you should post it and then just post a link to it in this thread. This ensures that the bulk of the content in this thread is related to trading and not education.

It is still a thread for all of us to share and learn, but I am starting to see far too...

While I understand your reasoning for starting a new thread, I think it a bit demeaning to refer to those who seek to continuously learn about the markets from fellow traders perspectives as Kindergartners. Unnecessarily judgmental in my opinion.

I for one appreciate those that not only claim success but also share their methodology. Usually you get one but not the other.

Currencyman is a prolific poster, there is no argument there. Many of his posts are information that he receives elsewhere..but I am grateful as it certainly saves me time from going out to a gazillion sources and gathering the information myself...and because of his efforts, I only go out to a bazillion and not a gazillion external sources. His posts are in part why I keep reading this thread every day.

Some small % of his posts as far as I can see are educational. One person whines about it (and says how he would like to shoot both the poster and the responder) and is catered too. Hmm. I would think more offense and action would be taken by someone saying they want to shoot someone, than for someone giving of their time and energy to share their success in the market.

If CurrencyMan and others are accommodating lots of requests with high frequency by people to teach them how to be successful, then more power to him and the other willing teachers. It appears to me however a relatively minor occurrence.

I also like that the (educational) info is coming from someone that I "know"..that has established his credibility in my mind from his time and effort on this thread..rather than go find some random joe schmoe pretending to teach on some other thread.

Now maybe this is all a joke..I actually didn't go check to see if there is in fact there is a new thread or not. If not, then shame on me for my knee jerk reaction. If there is however I hope PT you would consider my points. I hope this thread.... "is still a thread for all of us to share and learn". I enjoy this thread immensely.
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #50,512
  • Aug 28, 2012 10:34am Aug 28, 2012 10:34am
Quoting Cgb
So we can expect more US$ weakness and strength in E/U. Great.
Buy the rumor, sell the news.
Question for you to answer for yourself is "Will Benny hit the Print button?"
Those who say it cannot be done should not interrupt those who are doing it
  • #50,513
  • Aug 28, 2012 10:37am Aug 28, 2012 10:37am
Quoting Cgb
So we can expect more US$ weakness and strength in E/U. Great.
If it turns out to be a disappointment then we can expect the whole things to make a U-Turn. Hence why I keep beating the dead horse Mostly lack of knowledge on my part.
  • #50,514
  • Aug 28, 2012 10:42am Aug 28, 2012 10:42am
Quoting irfandbl
So you're about to short at 2690? But I thought Mario told us not to short Euro the other day?

p.s. And I got the second top of the page
At this price, the SNB will think very hard about the 80+ billions of EU in need to be recycled....
  • #50,515
  • Aug 28, 2012 10:49am Aug 28, 2012 10:49am
Quoting Pipnosis
While I understand your reasoning for starting a new thread, I think it a bit demeaning to refer to those who seek to continuously learn about the markets from fellow traders perspectives as Kindergartners. Unnecessarily judgmental in my opinion.

I for one appreciate those that not only claim success but also share their methodology. Usually you get one but not the other.

Currencyman is a prolific poster, there is no argument there. Many of his posts are information that he receives elsewhere..but I am grateful as it certainly saves me...
Just to clarify, the new thread was set up as a repository for educational info so that the contributors of such educational information don't have to post the same information multiple times while answering the same question over and over again. All they have to do is refer the person asking the question to the explanation already posted in the new thread.

I am a very patient person but there comes a point where answering the same question over and over is a drain on my time which I should be spending on my own trading as well as maybe answering new questions which have not been asked here before. I refuse to allow myself to become a slave. I give out my views and knowledge freely so I get to choose how and when I do it. If you were paying me for an education, I'd say you have a point... but you're not.

As for the name, I'm sorry if it offends you. It is what it is because I named it with a touch of humor... much like the name of this thread which sounds like urinalysis (a medical diagnosis term for the analysis of piss). It was not in any way meant to suggest that traders who are still learning belong in kindergarten. I still learn something new everyday. In fact I believe those who believe they know everything are the ones who should really go back to kindergarten.

I hope the above addresses your concerns and clarifies my intentions.
Those who say it cannot be done should not interrupt those who are doing it
  • #50,516
  • Aug 28, 2012 10:51am Aug 28, 2012 10:51am
Quoting PipTrapper
Buy the rumor, sell the news.
Question for you to answer for yourself is "Will Benny hit the Print button?"
The answer is; No I don't think he will hit the print button. But that doesn't mean the US$ will gain in strength. The 'Fiscal Cliff' is now a big concern for the US, I believe this will continue to pressure the US$ down.

With gold now firmly above the $1625 level, we're seeing it again as the safe haven, not the US$. 10Y US Bond yields is going down today and yet, the US$ is also falling. Perhaps you, or somebody else, can explain to me why we are seeing this? Kind of puts a hole in the money flow theory thingy.

Obviously the tone of my post is of one that is hurting right now but I'm still in the game and what I'm seeing today just f'ing doesn't make sense. It's going against what we've all been talking about since I joined this thread.
I observe your reality but live my own.
  • #50,517
  • Aug 28, 2012 10:54am Aug 28, 2012 10:54am
Quoting FXSwissTrader
OK. We will just agree to disagree. Obviously you have no desire to understand the concept for which I use to trade. I don't want to discuss this any further.
Quoting Tom_D_Trader
Mate, I dont dismiss it. I would like to understand it, as well as to that correlation mumbo jumbo and much more things. It is already on my schedule. But I am just chaotic and there is so much to analyze here. Right now, I am on run to correlation of a "few" macroeconomical variables as well as of several capital markets and I think this analysis will take like one more month before I finish it. Then, if you will be that kind, you can write a guide in Kindergarten for me and I will happily study your approach to price.
Mate please, I really would like to know more. I just dont have time right now.

T
"I know one thing, that I know nothing." Sokrates
  • #50,518
  • Aug 28, 2012 11:02am Aug 28, 2012 11:02am
Quoting Cgb
The answer is; No I don't think he will hit the print button. But that doesn't mean the US$ will gain in strength. The 'Fiscal Cliff' is now a big concern for the US, I believe this will continue to pressure the US$ down.

With gold now firmly above the $1625 level, we're seeing it again as the safe haven, not the US$. 10Y US Bond yields is going down today and yet, the US$ is also falling. Perhaps you, or somebody else, can explain to me why we are seeing this? Kind of puts a hole in the money flow theory thingy.

Obviously the tone...
Nothing ever makes sense in the days leading up to what is perceived to be a major risk event.

As long as you are within your risk limit, I don't think you have much to worry about.

As for the fiscal cliff, that was partially neutralized a few weeks ago through a deal reached to greatly minimize any impact (or at least delay it till well into 2013). Besides that, the fiscal cliff (or what's left of it) trigger date is still 4 months away. Markets do not usually look that far ahead. If they did, the Euro would be at parity by now.
Those who say it cannot be done should not interrupt those who are doing it
  • #50,519
  • Aug 28, 2012 11:02am Aug 28, 2012 11:02am
Like H4 close? I wonder why we still aint spiking up. But maybe that daily close at 25606 wasnt that important after all. Nevertheless, H4 looks quite bullish right now.

T
"I know one thing, that I know nothing." Sokrates
  • #50,520
  • Aug 28, 2012 11:05am Aug 28, 2012 11:05am
Quoting Cgb
The answer is; No I don't think he will hit the print button. But that doesn't mean the US$ will gain in strength. The 'Fiscal Cliff' is now a big concern for the US, I believe this will continue to pressure the US$ down.

With gold now firmly above the $1625 level, we're seeing it again as the safe haven, not the US$. 10Y US Bond yields is going down today and yet, the US$ is also falling. Perhaps you, or somebody else, can explain to me why we are seeing this? Kind of puts a hole in the money flow theory thingy.

Obviously the...
I noticed that too yesterday but according to PT the flow went into EURO zone bonds. But still, better to know the other side of the coin imho.
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