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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #57,281
  • Oct 2, 2012 9:02am Oct 2, 2012 9:02am
Quoting rekon67
1.2940 is a good point to Short, The Candle Pattern in my M15 it is not confirmed, so I want to wait for a Short.
target? 1.2880 for me.
  • #57,282
  • Oct 2, 2012 9:09am Oct 2, 2012 9:09am
Quoting rekon67
1.2940 is a good point to Short, The Candle Pattern in my M15 it is not confirmed, so I want to wait for a Short.
I waited for the hourly to close- the highest volume of the day and a shooting star type, so I sold half a postion after the 2938 area held.....now I'll see what happens into the UK & European closes....
Trading Levels with WRBs
  • #57,283
  • Oct 2, 2012 9:14am Oct 2, 2012 9:14am
fxcode
Your analogy of gears in a machine is appropriate. Over time you will even see the collisions of institutions as one pair gets run up such as (EURO/USD) and then a second pair ie. (EURO/CAD) starts to reverse as risk on/off reverses the order flows in secondary pairs.

But these things reveal over time and you can observe and decide for yourself what is happening.

We all look for the turn to set a low risk trade in place. my method just happens to be very visual while others use their own ideas to be relied upon.

When you get the big spikes and are on the wrong side it can help to choose whether it is a climax move or the pair will keep running against you. Multiple charts is how i decide.

While we are in a period of currency wars and countries distort market forces to punish one another, when the country being attacked responds in defence it shows in the p.a.


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  • #57,284
  • Oct 2, 2012 9:15am Oct 2, 2012 9:15am
Quoting ohenry
When u say session are u referring to a given Time Frame or Trading Session & what is the percentage probability wrt positive = HH / negative = LL?

What are the units required to make this calculation? Again what is the percentage probability of the desired outcome?

Thx
Session as in H4.

Session Intersection as in UK-US cross

EUR OverAll Strength Presently I am using one Excel and MT4 based Tool for the calculation (in development).

Desired Outcome Not Sure, but useful to filterout noisy entries and rather concentrate on more safe and high R/R.
  • #57,285
  • Oct 2, 2012 9:16am Oct 2, 2012 9:16am
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...
If someone is reading tea leaves and finding consistent profits I'll happily read a couple posts about it. If it goes beyond that, it might be time to start up their own thread.

Our "map of the terrain" is not the terrain. If we insist too strongly that it is, sooner or later we'll fall in a hole that's not on the map.
  • #57,286
  • Oct 2, 2012 9:16am Oct 2, 2012 9:16am
EUROPE is going to close RED !!
if so, bad for EURO that could drop during asian session
and tomorrow arrive to 1,275
IMO
  • #57,287
  • Oct 2, 2012 9:17am Oct 2, 2012 9:17am
Quoting Islander
I waited for the hourly to close- the highest volume of the day and a shooting star type, so I sold half a postion after the 2938 area held.....now I'll see what happens into the UK & European closes....
It is indeed a good entry. Looking at Weekly and Daily and considering a Low News Day I suspect a sideways movement.
  • #57,288
  • Oct 2, 2012 9:19am Oct 2, 2012 9:19am
I am sure CM will confirm this is he is reading my post.
This is a perfect example of risk off sentiment.

1. USD gaining across the board
2. JPY gaining across the board (even against USD)
3. US 10 Year Bonds rallying.
4. Dow and SP500 dropping

Welcome to negative risk sentiment (unless somebody is manipulating my data feed)
Those who say it cannot be done should not interrupt those who are doing it
  • #57,289
  • Oct 2, 2012 9:24am Oct 2, 2012 9:24am
Quoting rekon67
Session as in H4.

Session Intersection as in UK-US cross...
rekon do u have a few practical examples that I can use as a benchmark for back testing? Thanks 4 ur efforts...
Those that say do not know. Those that know do not say.
  • #57,290
  • Oct 2, 2012 9:24am Oct 2, 2012 9:24am
Quoting PipTrapper
I am sure CM will confirm this is he is reading my post.
This is a perfect example of risk off sentiment.

1. USD gaining across the board
2. JPY gaining across the board (even against USD)
3. US 10 Year Bonds rallying.
4. Dow and SP500 dropping

Welcome to negative risk sentiment (unless somebody is manipulating my data feed)

and we know how manipulation goes.
  • #57,291
  • Oct 2, 2012 9:25am Oct 2, 2012 9:25am
Quoting rekon67
It is indeed a good entry. Looking at Weekly and Daily and considering a Low News Day I suspect a sideways movement.
Thanks, and I agree that its looking like sideways for a bit - it was already late for me to take a trade, so after the 5 min doji and then a spinning top, I called it a day and banked a few.....time for some afternoon sun in the garden BFN....
Trading Levels with WRBs
  • #57,292
  • Oct 2, 2012 9:26am Oct 2, 2012 9:26am
Slightly Risk-Off. When coffee is cheap total risk off


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  • #57,293
  • Oct 2, 2012 9:29am Oct 2, 2012 9:29am
Quoting chess king
I still have one eye on the 2960 and 2981 .. for today ..!
2960 could be the best for a Short, we witnessed Sellers position @ 2940 now if 2925 holds we could have a retest. But I can see the futures and commodities are negative now so not so sure about that move before UK close.
  • #57,294
  • Oct 2, 2012 9:30am Oct 2, 2012 9:30am
Quoting TRMZXT
target? 1.2880 for me.
Yes, I agree with you. There's a regular divergence in training on my slow stochastic and price has difficulty to break the supply zone.. now I'm waiting for a bearish signal..


Next target 1.2880 - 1.2825 - 1.2740 (.382 Fibo)


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  • #57,295
  • Oct 2, 2012 9:31am Oct 2, 2012 9:31am
Quoting ohenry
rekon do u have a few practical examples that I can use as a benchmark for back testing? Thanks 4 ur efforts...
I will try. Thanks for your interest.
  • #57,296
  • Oct 2, 2012 9:36am Oct 2, 2012 9:36am
Quoting Islander
Thanks, and I agree that its looking like sideways for a bit - it was already late for me to take a trade, so after the 5 min doji and then a spinning top, I called it a day and banked a few.....time for some afternoon sun in the garden BFN....
  • #57,297
  • Oct 2, 2012 9:37am Oct 2, 2012 9:37am
Quoting Nick35
EUROPE is going to close RED !!
if so, bad for EURO that could drop during asian session
and tomorrow arrive to 1,275
IMO
Not a sure thing if the money flows out of equities to Euro Bonds that would be Euro positive.
  • #57,298
  • Oct 2, 2012 9:38am Oct 2, 2012 9:38am
Quoting Islander
Thanks, and I agree that its looking like sideways for a bit - it was already late for me to take a trade, so after the 5 min doji and then a spinning top, I called it a day and banked a few.....time for some afternoon sun in the garden BFN....
Enjoy buddy.
Those who say it cannot be done should not interrupt those who are doing it
  • #57,299
  • Oct 2, 2012 9:40am Oct 2, 2012 9:40am
Quoting rekon67
I will try. Thanks for your interest.
No sir...thank u..I'm always looking to expand my systems & the elusive 4H can be a beast if one mistimes an entry...which inevitably can result in equity lock down for up to a week...and even after that there is no guarantee that it wont end in a crane kick!
Those that say do not know. Those that know do not say.
  • #57,300
  • Oct 2, 2012 9:41am Oct 2, 2012 9:41am
Quoting Ken A
Not a sure thing if the money flows out of equities to Euro Bonds that would be Euro positive.
In my post I tried to explain the direct correlation between EURO - USD and EUROPE MARKET
EURO UP = MARKET UP AND VICEVERSA
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