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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #57,201
  • Oct 2, 2012 6:40am Oct 2, 2012 6:40am
Quoting salt
Is there any chance that ECB raise rate this Thursday? And in what situation a central bank raise their interest rate? I just want to know...
Central banks raise their interest rates when there is a high risk of core inflation and the economy is doing well.

Eurozone does not have a high risk of inflation and the economy is very far from well.

It is more likely that they will cut rather than raise, although my feeling is that it will remain unchanged this time.
Those who say it cannot be done should not interrupt those who are doing it
  • #57,202
  • Oct 2, 2012 6:43am Oct 2, 2012 6:43am
Der Spiegel reports that concerns are mounting that the ECB bond purchase plan may be illegal. No significant reaction in $EURUSD trading.

Tuesday, October 02, 2012 ⌚07:05 AM

Der Spiegel reports that concerns are mounting that the ECB bond purchase plan may be illegal. No significant reaction in $EURUSD trading.

CurrencyMan:

I just read this and have now posted it here. Is this positive or negative if it is true ? Will the concerns be positive or negative ?

We will see. For the moment being aware of this is the only issue.

Now with no bias just a Trade Plan to SHORT EUR/USD if it does not get through 1.2935 and we have Risk Off today.

Now on to studying all of the data that I need to start watching MONEY FLOW !!!

Dow Futures UP 49 at the moment. No US News due out today.

We have Risk On at the moment.

Oil is up and Gold is down now. ($1780.30 US ... Down $3.00) ($92.51 US)


The Yield on the 2 Year US Bonds is .24% and the Yield on the 10 Year US Bonds are 1.64% with the spread at 140 Basis Points.

Europe is All in the Green at the moment.

I am ALL in CASH and just waiting for a trading opportunity.
  • #57,203
  • Oct 2, 2012 6:46am Oct 2, 2012 6:46am
Quoting PipTrapper
I used to think like that after my first year of trading when I got a margin call. That was many years ago. Since then I have been significantly enlightened on how the market actually works. Your comments show your inexperience in this market, but don't fret because if you keep it up and make an effort to understand, you will eventually get it.
It is the candy of the day. The words chosen reveal were the person is on his/her life journey. Most wannabee traders often try to impose with force their belief on others. Real traders have found their inner self after many years of search and understanding and have no such needs. With that said - you're doing a great job PT - gently pushing potentials in the right direction.
  • #57,204
  • Oct 2, 2012 6:51am Oct 2, 2012 6:51am
Quoting Likerty
If now would be one of the first hours of London sesion and with momentum - why not!? But now... My fear is that any breakout can be faded lower then 10 pips, or 15 pips or wathever target is.. I dount like three Daily highs in a range of 40 pips.
Rekon, did you longed that?
69
  • #57,205
  • Oct 2, 2012 6:57am Oct 2, 2012 6:57am
http://www.finviz.com/fx_image.ashx?...47613716193750
  • #57,206
  • Oct 2, 2012 6:57am Oct 2, 2012 6:57am
Quoting Likerty
Rekon, did you longed that?
I have a Long on Monthly Candle @ 1.2825 and target 1.3145. Now I am looking for a Shorting opportunity.
  • #57,207
  • Oct 2, 2012 7:00am Oct 2, 2012 7:00am
Quoting rekon67
I have a Long on Monthly Candle @ 1.2825 and target 1.3145. Now I am looking for a Shorting opportunity.
Aaa... You're the patient one..
69
  • #57,208
  • Oct 2, 2012 7:01am Oct 2, 2012 7:01am
Quoting rekon67
I have a Long on Monthly Candle @ 1.2825 and target 1.3145. Now I am looking for a Shorting opportunity.
1.2938, 1.2990,1.3045 topside.
  • #57,209
  • Oct 2, 2012 7:02am Oct 2, 2012 7:02am
Quoting tinypip
It is the candy of the day. The words chosen reveal were the person is on his/her life journey. Most wannabee traders often try to impose with force their belief on others. Real traders have found their inner self after many years of search and understanding and have no such needs. With that said - you're doing a great job PT - gently pushing potentials in the right direction.
Very well said Tiny.

Disheartened traders always want to find some reason for their failures. When they cannot, they sometimes resort to bashing others in order to make themselves feel that they do not stand alone or that they are even better. Psychology 101

Reminds me of Bernanke's comments yesterday in his speech. He said that the disappointing growth in the US is mainly due to the Eurozone problems. What he failed to mention is that the lame duck congress is the real culprit. The Euro crisis in fact was exacerbated by the relaxation of banking regulations in the US. Where do you think all those triple A MBS came from?
Those who say it cannot be done should not interrupt those who are doing it
  • #57,210
  • Oct 2, 2012 7:02am Oct 2, 2012 7:02am
Quoting rekon67
I have a Long on Monthly Candle @ 1.2825 and target 1.3145. Now I am looking for a Shorting opportunity.
Impressive patience, I took the same but get out with 50 pips profit.
  • #57,211
  • Oct 2, 2012 7:06am Oct 2, 2012 7:06am
Quoting gordonfx
This is not my first go around with the forum, so I can speak with experience the IE guy is correct, I seen many Traders banned because they didn't trade the way others thought MP1640 was one of them. Banned because he and others traded a method and his thread was becoming popular. bullied by AK4X and others that now lurk in the back ground lol

BTW: possible bullish divergence on Daily
There is a SIMPLE SOLUTION to this issue. I have used this SOLUTION myself.

We state our very STRONG VIEWS just once. The other person replies and then we move on.

If we do not do this then it starts to go down the hill. I know because my friend Tom put me on his ignore list. I NEVER EVER put anyone on my IGNORE list.

That does not solve the problems.

Respect and Common Sense will solve these issues.

Just make your position known ONCE at this level and Move On !!!

I RESPECT everyone who shows me respect.

This is my clear view on this subject and now back to making money trading in forex.

I will offer my own opinion on this subject just ONCE !!!

I think we all should agree that 90% to 95% of ALL Forex traders lose money.

Do Gamblers qualify as Gamblers if they lose 90% to 95% of the time ?

Life is a gamble and on that note life is also a game.

Einstein is credited with saying "Whoever Plays The Game Better Is The WINNER"

I have said my piece and will NOT REPLY to anyone however I will read with interest views posted.
  • #57,212
  • Oct 2, 2012 7:09am Oct 2, 2012 7:09am
Quoting wingou
Impressive patience, I took the same but get out with 50 pips profit.
If I am successful in this business, all credit goes to my Master.

Attached Image
  • #57,213
  • Oct 2, 2012 7:11am Oct 2, 2012 7:11am
SO MANY PEOPLE TALK OF MONEY FLOW AS AN ABSTRACT UN IDENTIFYABLE NUMBER....

I HAVE JUST SEEN THIS ... NOT POSTED PREVIOUSLY.


JUST NEED TO DIGEST
SO HOW DO WE USE IT IF AT ALL?

HELP? http://online.wsj.com/mdc/public/pag...moneyflow.html
If ask a silly question.. forgive me!i'm just confused again!
  • #57,214
  • Oct 2, 2012 7:12am Oct 2, 2012 7:12am
Quoting afos
SO MANY PEOPLE TALK OF MONEY FLOW AS AN ABSTRACT UN IDENTIFYABLE NUMBER....

I HAVE JUST SEEN THIS ... NOT POSTED PREVIOUSLY.


JUST NEED TO DIGEST
SO HOW DO WE USE IT IF AT ALL?

HELP? http://online.wsj.com/mdc/public/pag...moneyflow.html
Dow Up = E/U UP
  • #57,215
  • Oct 2, 2012 7:16am Oct 2, 2012 7:16am
Quoting rekon67
dow up = e/u up
but how do gold and oil measure themselves into the ballance?
If ask a silly question.. forgive me!i'm just confused again!
  • #57,216
  • Oct 2, 2012 7:19am Oct 2, 2012 7:19am
Quoting afos
SO MANY PEOPLE TALK OF MONEY FLOW AS AN ABSTRACT UN IDENTIFYABLE NUMBER....

I HAVE JUST SEEN THIS ... NOT POSTED PREVIOUSLY.


JUST NEED TO DIGEST
SO HOW DO WE USE IT IF AT ALL?

HELP? http://online.wsj.com/mdc/public/pag...moneyflow.html
All trading instruments are money flow indicators. The link you provided only shows a very small subset of the entire market. As such you cannot use it to help you determine how capital is flowing from one currency to another.

Here is how I do it...

I watch all the majors against the Euro, USD and JPY
I also watch the sovereign bonds that are of importance in today's markets... mainly US, Germany and the stressed EZ periphery countries including Greece, Spain, Portugal and Italy.
On top of that I closely watch the major equity indices, oil and gold.

All the above tells me pretty much all I need to know.
Those who say it cannot be done should not interrupt those who are doing it
  • #57,217
  • Oct 2, 2012 7:20am Oct 2, 2012 7:20am
Quoting afos
but how do gold and oil measure themselves into the ballance?
You can not take absolute but you can take it as a Group and you need to consider the relative Strength.

The Moment one Group turned "Green" you can expect the positive effect on the co-related pair and vice versa.

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  • #57,218
  • Oct 2, 2012 7:24am Oct 2, 2012 7:24am
Quoting PipTrapper
Here is how I do it...

I watch all the majors against the Euro, USD and JPY
I also watch the sovereign bonds that are of importance in today's markets... mainly US, Germany and the stressed EZ periphery countries including Greece, Spain, Portugal and Italy.
On top of that I closely watch the major equity indices, oil and gold.

All the above tells me pretty much all I need to know.
sorry to draw you back PT, do you do all these while trading or before 00:00EST(4:00GMT)?
Life is beautiful the way you dress it.
  • #57,219
  • Oct 2, 2012 7:24am Oct 2, 2012 7:24am
Quoting CurrencyMan
There is a SIMPLE SOLUTION to this issue. I have used this SOLUTION myself.

We state our very STRONG VIEWS just once. The other person replies and then we move on.

If we do not do this then it starts to go down the hill. I know because my friend Tom put me on his ignore list. I NEVER EVER put anyone on my IGNORE list.

That does not solve the problems.

Respect and Common Sense will solve these issues.

Just make your position known ONCE at this level and Move On !!!

I RESPECT everyone who shows me respect.

This is my...
Always the diplomat
Those who say it cannot be done should not interrupt those who are doing it
  • #57,220
  • Oct 2, 2012 7:26am Oct 2, 2012 7:26am
Quoting fxcode
sorry to draw you back PT, do you do all these while trading or before 00:00EST(4:00GMT)?
All day while planning and managing my trades.
I have multiple monitors.
Those who say it cannot be done should not interrupt those who are doing it
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