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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #56,021
  • Sep 24, 2012 6:54am Sep 24, 2012 6:54am
Quoting Likerty
It just spiked and I dount know - is it because of some news or is it technical.. Who knows good and free (at least for a tryout) news feed services..??
Money flows in and out of USD. If you watch USDX and all USD pairs they all move at the same time.
  • #56,022
  • Sep 24, 2012 6:54am Sep 24, 2012 6:54am
about the contest, i must bow out. With the upcoming US election my posts will inevitably become very political. Which is not what this thread is for.
Thanks to rekon for the thumbs up.

I do use geopolitics as a basis in macro analysis, and the results and my political bias will taint the thread.
  • #56,023
  • Sep 24, 2012 6:57am Sep 24, 2012 6:57am
Quoting foto
about the contest, i must bow out. With the upcoming US election my posts will inevitably become very political. Which is not what this thread is for.
Thanks to rekon for the thumbs up.

I do use geopolitics as a basis in macro analysis, and the results and my political bias will taint the thread.
If nobody had any bias, everyone would be walking around with a fence post up their a$$ets. Your biased posts are needed here so as to be able to see both sides of the fence.
Those who say it cannot be done should not interrupt those who are doing it
  • #56,024
  • Sep 24, 2012 6:59am Sep 24, 2012 6:59am
And God help you PT if you listen to me
You are definitely on your own.
  • #56,025
  • Sep 24, 2012 7:00am Sep 24, 2012 7:00am
alright U.S. session. Since the euro didn't depreciate all the way into your session, and actually, it spiked up ahead of you, is it time to continue today's sentiment and take out 2885 along with Morgan Stanley stops ?
  • #56,026
  • Sep 24, 2012 7:00am Sep 24, 2012 7:00am
Oh by the way. In case you hadn't noticed, I'm back from lunch...

http://www.thesmilies.com/smilies/silly/burp.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #56,027
  • Sep 24, 2012 7:03am Sep 24, 2012 7:03am
Quoting foto
Likerty, anyone who can consistently make money scalping has reached the highest level of trading competence there is. Pure Genius.
To overcome random volatility, bid/ask spread house take (vigorous), doing it with tight stops and tight profit targets, enough said.

Step One: Determine the Weekly Trend. "The Trend Is Your Friend"

Step Two: Know the Support and Resistance on a 5 Minute Chart and a 15 Minute Chart.

Step Three: Know when there is prescheduled news releases like the German IFO.

Step Four: Understand Risk Off and Risk On.

Step Five: If shorting do it on Top of the Bollinger Band (15 Minute and 5 Minute chart)

Step Six: Have a Trade Plan knowing your Exit Point and ALWAYS set a Stop.

Scale in your shorts and never risk more than 5% of your capital on any Trade Plan.

Use MONEY FLOW as your Edge.

I do NOT need the Chart to tell me that EUR/USD will go below 1.2900 if the Dow goes down over 100...

Understand The North American Retail Trade EFFECT...

NAIR !!!

Be Patient and control your fear, greed and ego. That takes discipline, not genius.

We have Risk Off now and yet EUR/USD has gone up. Try to find out why and if it is not backed by fundamental news or is nothing more than the shorts being squeezed or a large buy order then the odds are that it will reverse.

Dow Futures down 47 now and the Yield on the 2 Year US Bonds are .26% and 1.72% for the 10 Year US Bonds with the SPREAD 146 Basis Points...

Gold is down $17 and it is Risk Off. Watch the Money Flow to set the Momentum for the start of the day.
  • #56,028
  • Sep 24, 2012 7:15am Sep 24, 2012 7:15am
Quoting foto
And God help you PT if you listen to me
You are definitely on your own.
Don't worry foto. I'm a big boy and I can filter through what is biased sentiment and what is reality. Just submit your sentiment because clearly it is along the same lines as almost half of the US population... and that is a significant driver behind overall market sentiment.
Those who say it cannot be done should not interrupt those who are doing it
  • #56,029
  • Sep 24, 2012 7:21am Sep 24, 2012 7:21am
Hope you are correct about being aligned with 50% of US population, otherwise it is going to get expensive for me early November.

The october debates should be marked Red in everyones calender.
  • #56,030
  • Sep 24, 2012 7:31am Sep 24, 2012 7:31am
IS it Iphone sales results that move the markets now or is it CHicago Fed Index??
69
  • #56,031
  • Sep 24, 2012 7:32am Sep 24, 2012 7:32am
C Man,
counter trend spikes is the only trade i will take to fade for the short term trade. So much CB support that distorts the market. But that is the only way for me, shorting the CB's.

I do know someone who trades US equities with 25 cent to 1 dollar profit targets where a trade can last from 5 minutes to maybe 1/2 hour. So it is possible. Mostly in Apple.

Was not suggesting that it was impossibly difficult, but not an easy thing to achieve.

Since am a fish out of water with the topic, other scalpers can pick up the discourse.
  • #56,032
  • Sep 24, 2012 7:36am Sep 24, 2012 7:36am
Quoting PipTrapper
1.2900 is toast. 1.2880 has to break for a bearish continuation.
I suspect we may see a move up to correct at 1.2920/30 before 1.2888 breaks... and then, get your hammers ready
Okay here we go.
Those who say it cannot be done should not interrupt those who are doing it
  • #56,033
  • Sep 24, 2012 7:43am Sep 24, 2012 7:43am
Quoting PipTrapper
Okay here we go.
The move is not very convincing.
  • #56,034
  • Sep 24, 2012 7:44am Sep 24, 2012 7:44am
Quoting Likerty
IS it Iphone sales results that move the markets now or is it CHicago Fed Index??

It's definitely the dissapointing Iphone 5 sales that is hitting the euro. Market expected a trillion but they only got a measly 5 million...I guess next year when i come out with Iphone 6 they'll get 6 million.
  • #56,035
  • Sep 24, 2012 7:44am Sep 24, 2012 7:44am
Quoting nathan25x
go to www.fxknight.com

click on "news radio"

they have a free feed for "RANsquak" which is very good. its a pay service, but for some reason it is free on the site. It covers FX markets only, not stock, etc (though they will cover something if it affects FX.

you can run the print newsfeed, or the audio, your choice.........
Thanks!
69
  • #56,036
  • Sep 24, 2012 7:45am Sep 24, 2012 7:45am
Quoting CurrencyMan
Step One: Determine the Weekly Trend. "The Trend Is Your Friend"

Step Two: Know the Support and Resistance on a 5 Minute Chart and a 15 Minute Chart.

Step Three: Know when there is prescheduled news releases like the German IFO.

Step Four: Understand Risk Off and Risk On.

Step Five: If shorting do it on Top of the Bollinger Band (15 Minute and 5 Minute chart)

Step Six: Have a Trade Plan knowing your Exit Point and ALWAYS set a Stop.

Scale in your shorts and never risk more than 5% of your capital on any Trade Plan.

Use MONEY FLOW...

Nice... though I have never paid any attention to other markets. Good stuff to know.
  • #56,037
  • Sep 24, 2012 7:48am Sep 24, 2012 7:48am
Quoting PipTrapper
Okay here we go.
I think you may need to pop a patience pill.....my read of the 5 min action is that some buyers have just stepped in......

The retrace over lunchtime - Europewise - was 50 % of the fall from Fridays high into a S&R zone - so a good place to sell again.

Now, the new low was in a smallish high volume spinning top - so I closed my latest shorts and will now wait for the NYSE open
Trading Levels with WRBs
  • #56,038
  • Sep 24, 2012 7:50am Sep 24, 2012 7:50am
Quoting Ken A
The move is not very convincing.
Weekly is convincing for bears, however Monthly is suggesting otherwise so lets go where the money flows.

I am still skeptic about this move without properly retesting 1.31 zone. So may be 1.2820 is a weekly possible bottom?
  • #56,039
  • Sep 24, 2012 7:51am Sep 24, 2012 7:51am
Quoting lumesh
It's definitely the dissapointing Iphone 5 sales that is hitting the euro. Market expected a trillion but they only got a measly 5 million...I guess next year when i come out with Iphone 6 they'll get 6 million.
Yea - new phone is deffinetly more important!
Why in the world someone estimated 10 mil sales if all I-stores are still composted with waiting lines of new buyers!? How that is disappointing??
69
  • #56,040
  • Sep 24, 2012 7:53am Sep 24, 2012 7:53am
Quoting Islander
I think you may need to pop a patience pill.....my read of the 5 min action is that some buyers have just stepped in......

The retrace over lunchtime - Europewise - was 50 % of the fall from Fridays high into a S&R zone - so a good place to sell again.

Now, the new low was in a smallish high volume spinning top - so I closed my latest shorts and will now wait for the NYSE open
Market is flirting with 2885 stops that are being defended. But make no mistake that those are on top of agenda right now
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