EurAnalysis

I want to answer but I never used it, Rekon

Seems U play Long

I am interested, interested to know the answers from other users I mean

Well my guess in terms of Daily is 20, there are 20 trading days in a month
H1 = 24
H4 = 6
W1 = 4

just a wild guess

Gr8! So let me ask you again since U r the Human Calculator @ EA.


What I am trying to understand is for default setting CCI and RSI both use 14 day as default.

But if I change the settings from 14 to 20 in CCI it seems better because the lagging or consolidation periods (if any) seems filtered out and we get a more clear projection on reversal.

doing the same in RSI is good or we will be missing any potential signal? Is there anybody tried 20 RSI settings?

20 CCI

20 Day SMA on TP
20 Day Mean Deviation
20 Day CCI
200 Day SMA on TP

14 RSI

Avg Gain
Avg Loss
RS
RSI 14

I am more an opportunist rather than a trader. I don't have the skills of a trader

Now they think Obama is of India descent? What are they thinking?

Rekon, was busy with taking my OCD medicine (house now vacuumed, dishes cleaned. 1/2 way there now. Still need to do laundry and prepare dinner).

I would put a longer RSI value on the daily to smooth out the whipsaw effect of the shorter period. 21 days maybe?

Hi Cgb, thanks for the great analysis, I'm caught in a similar situation as you with a losing SELL order.

Please keep us updated with your actions, I'm still seeking advise for my -360 pips order.

Details:
SELL EURUSD @ 1.2450

Although I do see you and Piptrader holding it out in your profile!

Any advise?

Yeah it is on Daily only, I think present market condition is best for optimizing these reversal settings. I will check 20, 21 both.

guys i want to ask what about stochastic full indicator ?
is it helpfull or what ?
and what is the percentage of its accuracy ?

Hmmm, I set > 80 as overbought RSI seems only with 21 Days it is yet to confirm

http://www.wallstreetinsightsandindi...t-save-europe/

Snippet:

Why the ECB’s Plan Can’t Save Europe

Sep 9th, 2012 | By Shah Gilani


So, Thursday was a big deal. Did you get that?

Markets rallied around the globe, especially European markets and U.S. markets.

But did you get what really happened?

I know you saw the rally, and I’m sure it lifted your spirits. It lifted mine for about a day – that is, until I lifted up the ECB’s skirt to see if their provocative language would leave Europe’s knickers in a twist or not.

If you’re not the kind of person to look at such intimate things too closely, don’t worry. I love all that stuff and am driven to know how all the bits and pieces come together or apart. So, I’ll tell you what I saw up there.
Europe’s knickers certainly are twisted. So much so that if an ill wind blows, everyone is going to see the naked truth.

The ECB’s head hemline determinator, Mario Draghi, announced that the cobbled-together central bank (it’s cobbled together with spit and promises of the European nations that backstop its paper-lion balance sheet) would buy unlimited amounts of one- to three-year sovereign paper obligations (some of it eventually could prove to be toilet paper) of the poor nations in the Union. The same nations whose interest rates have been rising because real investors have been demanding a risk premium on their purchases of b-list government bonds.

And, of course, because the contemplated action is essentially illegal under the Maastricht Treaty that governs the Union of euro currency playmates, they’re not going to buy the bonds in the primary market. No, they’re not going to buy them directly from issuing governments (that would be illegal, did I say that?). They’re going to buy bonds (technically they’re “notes,” not bonds, because govies with less than a 10-year maturity are notes, and 10-year and longer paper are bonds) in the secondary market.


That’s right. They are going to break their own laws by not really breaking them; it’s “sanitized” you know.

Sanitize – that’s also what they’re telling the world they’re going to do when they buy bonds (notes, did I say that?) in the secondary market from everyday investors, like the hedge funds that have been shorting the you-know-what out of them.

When they print money, euros, to buy the bonds (credit cards aren’t allowed), which will increase the money supply and eventually trigger inflation (Achtung Baby), they’re going to offset that fear by taking an equal amount of money out of the system on the back-end of the field.

The idea being that it’s going to be a zero-sum kind of equation.

How are they going to sanitize this scheme? They are going to pay banks a nice chunk of interest when they deposit money with the central bank, thus taking money out of circulation. Banks, of course, like collecting interest. So theoretically, they will rush to deposit all their unlent money into the ECB, and that money coming out of circulation will offset the printed paper the ECB will shell out of the front door to buy bonds in the secondary market.

Sanitize the purchases of bonds? That’s a great idea. But it means nothing.

It won’t happen that way.

You see, banks that deposit money at the ECB can still use those deposits as collateral for – you guessed it – loans from the ECB.

That’s funny, right? We, meaning the Germans mostly, are supposed to believe that this new, illegal scheme (no, wait, it’s not illegal if they buy in the secondary market, yeah, right) won’t eventually become the engine of roaring inflation? That’s ridiculous.

The amount of bonds to be purchased to keep beleaguered nations from having to pay unsustainable interest rates on the money they borrow from the investors who buy their promise paper will be staggering. As in, staggering the balance sheet of the ECB. And who backs the ECB’s balance sheet? The same countries, a lot of them beleaguered, that are slipping into continental recession.

Oh yeah, and the ECB’s help will come with a price. The countries whose bonds are to be bought to help lower their costs will first have to agree to austerity measures that they aren’t doing now because they can’t afford the austerity.

This plan will not work well enough or fast enough to fix what ails Europe.

Enjoy the rally, folks. It’s got a ways to go. But remember, what goes up…

That's called honesty !!!

Back on time . And already lagging down on Oanda.

So here I am wondering if the price will actually head back up to 1.3xx and whether I should close my shorts at the lowest point possible because I don't think I will be able to hold it past 1.3. And it would be better to go long and recoup some losses anyway.

But the market seems really messy right now that I don't even know if going long or going short is the right thing to do.

I suggest you shoot yourself .

T

That would help a lot wouldn't it?

eu

we have resistance at 1.2820 area
then 1.2885-1.2905
then 1.304x - 1.306x
then 1.3275

on the support side
a retracement to 1.2666 area
to weekly pivot 1.3557

how was everyone's weekend?

Mine sure was great. i have been thinking through methods of dodging van full of hippies. Got a few tips I will try .

Otherwise, I stay out (what a surprise when I just got spanked) and am preparing to enter @31. Market is clearly overshot and all indicators must be screaming overbought, so we may get a technical correction. Nevertheless, this was major break, marubozu week etc, so those indicators may remain overbought for quite some time and we may keep on rallying. I am more pro rally.

T