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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #62,281
  • Dec 4, 2012 2:46pm Dec 4, 2012 2:46pm
[quote=prosiak;6262121]
Quoting magicgate

not so much...30pips yet?...50?...

I thought the same like Luis Carlos...but with other kind of chart ( more or less like Piptrader! ). ( less value EUR/USD...+- 1.2980 )
Very aggressive 1:50 leverage should have strong discipline, IMO this account is almost dead, you may take good Red advice to cut part of losses and look at the show later, but it is difficult to take your cake when you do not have any positions in green or the opportunity to open them
  • #62,282
  • Dec 4, 2012 2:49pm Dec 4, 2012 2:49pm
Quoting prosiak
1. I'm short by 1.2995 and i use 1:50.
2. Moj plan was short until + 30-40pips.
3. I can lose max 30 pips ( +- 1.3030 )
5. I think market is full...like when a boy see a nice girl...all perfet, all good but then the first problem. I see in the market in these last days, not so much with real. Overestimated. I think it must to come back if then all think a long LONG. I don't think it'll start by sunday and close at 1.32/1.35 only in LONG. I believe in short...for that i'm in these situations.
if ur using 1:50 leverage and ur position to the maximum ur probably if i guess correctly ur about 35%down on ur equity.take half the loss now and see where it take and then every now and then if opportunity allows cut down the position further.regards
Allah has permitted trade and has forbidden interest [koran]
  • #62,283
  • Dec 4, 2012 2:53pm Dec 4, 2012 2:53pm
[quote=magicgate;6262141]
Quoting prosiak

Very aggressive 1:50 leverage should have strong discipline, IMO this account is almost dead, you may take good Red advice to cut part of losses and look at the show later, but it is difficult to take your cake when you do not have any positions in green or the opportunity to open them
not say kot if not in the sak ! aaha...anyway...not dead yeat!
I learn a little strong discipline,but i'm human, sometimes some mistake! anyway, problem is not to lost "all" and re-start...but I'm so sure of a short before or later but I'm a little sure of a little long too.

Ok, I've to think in those days.

Anyway, I stay in wait today...little confused.
  • #62,284
  • Dec 4, 2012 2:55pm Dec 4, 2012 2:55pm


Quoting drzakir123
if ur using 1:50 leverage and ur position to the maximum ur probably if i guess correctly ur about 35%down on ur equity.take half the loss now and see where it take and then every now and then if opportunity allows cut down the position further.regards
  • #62,285
  • Dec 4, 2012 3:08pm Dec 4, 2012 3:08pm
[quote=prosiak;6262172]
Quoting magicgate

not say kot if not in the sak ! aaha...anyway...not dead yeat!
I learn a little strong discipline,but i'm human, sometimes some mistake! anyway, problem is not to lost "all" and re-start...but I'm so sure of a short before or later but I'm a little sure of a little long too.

Ok, I've to think in those days.

Anyway, I stay in wait today...little confused.
Does your broker allow hedging = open short and long positions at the same time?
Then open a long in the same size than your short. First to say: THIS IS NOT AN APPROPRIATE WAY OF TRADING!!! It is only a measure in your momentary situation, which is more or less helpless anyway.
If the E/U grinds higher, your equity will not shrink further. But you MUST NOT take profit from this long position!! When it goes down again later, you cancel the long pos. at BE. When it goes down immediately, cancel the long position immediately also. Good luck to you. I know your situation, because I made the same mistake nerly one year ago.
  • #62,286
  • Dec 4, 2012 3:12pm Dec 4, 2012 3:12pm
i thought this...i can't . I dispose with Oanda.
Thanks for help !
  • #62,287
  • Dec 4, 2012 3:19pm Dec 4, 2012 3:19pm
You´re welcome, sorry for you, but in my humble opinion you are not yet lost completely. I don´t see 1.35xx or so in the near future. By and by the thrust upward looses power.
  • #62,288
  • Dec 4, 2012 3:20pm Dec 4, 2012 3:20pm
Quoting mahogany
You´re welcome, sorry for you, but in my humble opinion you are not yet lost completely. I don´t see 1.35xx or so in the near future. By and by the thrust upward looses power.
I think Euro has viagra od sunday!!...no upward?
  • #62,289
  • Dec 4, 2012 3:23pm Dec 4, 2012 3:23pm
Quoting redteamgo
i will counter that analysis with my own chart, which I have slaved over for weeks
You are the best!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #62,290
  • Dec 4, 2012 4:33pm Dec 4, 2012 4:33pm
Quoting redteamgo
i will counter that analysis with my own chart, which I have slaved over for weeks
Quoting Luis Carlos
You are the best!
Sorry guys... I like my chart the best. I've been working on it for just over 18 months

E/U Weekly:
Attached Image (click to enlarge)
Click to Enlarge Name: eu-w1.gif Size: 25 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #62,291
  • Dec 4, 2012 4:42pm Dec 4, 2012 4:42pm
wasn't it just up 1.3075?...I hope with you than your chart work!!....i had trust in my in something similar...you too....but price is oversize!

Quoting PipTrapper
Sorry guys... I like my chart the best. I've been working on it for just over 18 months

E/U Weekly:
Attachment
  • #62,292
  • Dec 4, 2012 4:48pm Dec 4, 2012 4:48pm
Quoting PipTrapper
Sorry guys... I like my chart the best. I've been working on it for just over 18 months

E/U Weekly:
Attachment
Hey PT, may I ask you a TA question. What happens if wave 5 ticks above wave 3 (and 1). Does it invalidate the setup (very rigid TA approach) or something like a wick only above in the monthly will still validate the setup (or the opposite with a close above) for a more "flexible" TA approach.... this question only in the context of TA btw not the FA underlying on your view...

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #62,293
  • Edited 5:48pm Dec 4, 2012 5:35pm | Edited 5:48pm
http://news.goldseek.com/GoldSeek/1354636888.php

Snippet:

So what implications for gold would a collapse of the U.S. dollar have? The next chart will aid us to analyze such an occurrence.


http://67.19.64.18/news/2012/12-4pr/...12_12_04_4.png

This chart presents the already mentioned relation of U.S. debt to Treasury gold reserves – the amount of debt per one ounce of gold – up to 2012. The red line represents U.S. Treasury gold reserves in metric tonnes, while the yellow line denotes the amount of U.S. debt in dollars per ounce of gold. The debt per ounce has visibly increased since 1971, accelerating around 2000 and even more around 2008. In 2012, there were $61,796.11 of debt per one ounce of gold owned by the U.S. government.


Now, if a new gold standard is introduced and the agreement works like the Bretton Woods system, the dollar (or whatever other currency) would be tied to gold. As noted earlier in this essay, at the introduction of the Bretton Woods agreement in 1944 the debt coverage for the U.S. stood at 10.9% (or $319.90 of debt per one troy ounce of gold). If the new system were based on similar assumptions with debt coverage at 10%, this would imply a fixed price of $6,179.61 per ounce of gold ($6,179.61 per ounce of gold divided by $61,796.11 of debt per one ounce of gold gives us coverage of 10%).


But is the dollar collapse all that likely? Or let us restate the question: if the dollar doesn’t collapse, does it still make sense to be invested in gold and silver? Bear with us until next week when we publish the second part of this commentary. Until then you can gain some more insight into why holding on to precious metals might keep you on the safe side by reading our essays on gold and silver as insurance and on gold and silver portfolio structure.


Thank you for reading. Have a great and profitable week!


Przemyslaw Radomski, CFA
Founder, Editor-in-chief

CurrencyMan:

Just In Case You Do Not Accept The Above...

James Turk STATES...

http://kingworldnews.com/kingworldne...ver_Today.html

Snippet:

The public sector has also become too large compared to the private sector, or to put it more colorfully, there is an imbalance between tax-eaters and taxpayers. Government has expanded way too far in nearly all sectors of the economy, and history has shown there is a harsh consequence for such expansion.



I have just finished reading a study published by New York University which shows the median net worth of American households has dropped to the same level as 1969. And they reach this conclusion using the government’s CPI calculation, so it is safe to say that average Americans are poorer now than in 1969.



In short, the central planners are decimating the American middle class with government and central bank policies, which is frightening because the middle class is the backbone of capitalism. It is the middle class that accumulates the savings and drives the production which raises standards of living.



The same thing is happening all over the world, Eric. Greece went over the fiscal cliff five times, and is still falling. And just about every other industrial country in Europe, as well as Asia, is teetering on the edge of the precipice. The US situation has particular significance because the dollar is the world’s reserve currency. So we need to watch the US situation carefully over the next few weeks.



On a day like today when the metals are getting pounded by the cartel, it’s important to step back and look at the big picture. And the bottom line here is that we have some tough times coming. We need to prepare for it, and of course the best way to do that is by accumulating physical gold and silver.



The reason they are attempting to make gold and silver look weak here is because these monetary metals will provide the foundation when the monetary system is eventually re-constructed, and the price of gold and silver will be far higher than the numbers they are painting the tape with today. But before that day comes, they need to shake as many people out of these markets as possible so they are victims of the greatest wealth transfer in history, not beneficiaries.”



2012 by King World News. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.



The interviews with Eric Sprott, Gerald Celente, Stephen Leeb, James Turk, Egon von Greyerz, Michael Pento, Wilbur Ross, Don Coxe (BMO $538 billion) and Ben Davies are available now. Also, be sure to listen to other recent KWN interviews which included Art Cashin (UBS $612 billion), and Nigel Farage by CLICKING HERE.

CurrencyMan:

And Now The Best Of The Best from WWW.JSMINESET.COM



The Answers To Today’s Most Common Questions


December 4, 2012, at 12:32 pm

by Jim Sinclair in the category General Editorial |

My Dear Extended Family,

This should serve as an answer to more than 300 emails:

1. There is no top in place for the gold price. Absolutely none.

2. This reaction is an operation using the MSM multitude of reports on the Fiscal Cliff sure to occur in order to scream unopposed deflation (wrong).

3. The US Dollar and Gold are under pressure by the operators screaming Fiscal cliff, deep depression, no additional stimulation will be provided.

4. As usual since $248 Gold, they are dead wrong as to the result.

5. The fact that the Fed is the primary buyer of US Treasuries is the common denominator of all the reasons why gold is going to $3500 and above. This common denominator is simply not going to change for years.

6. The Administration proposes as part of a Fiscal Cliff compromise that the debt Ceiling be permanently removed. That means debt to infinity.
7. This is nothing more than noise.

It has finally happened. I am buried by your emails. I apologize, but there simply are too many people emailing the same question for me to reply.
Respectfully,
Jim
  • #62,294
  • Edited 5:50pm Dec 4, 2012 5:38pm | Edited 5:50pm
Quoting sisse
Hey PT, may I ask you a TA question. What happens if wave 5 ticks above wave 3 (and 1). Does it invalidate the setup (very rigid TA approach) or something like a wick only above in the monthly will still validate the setup (or the opposite with a close above) for a more "flexible" TA approach.... this question only in the context of TA btw not the FA underlying on your view...

sisse
Beats me Sisse. I am only looking at a similarity and all other times I have seen this kind of topping pattern, it has always had 3 successive lower tops. So, if wave 5 breaches the top of wave 3, it's no longer similar to the others... but that doesn't mean it won't still head down.

I'm not sure if you are familiar with Wyckoff market phases, but in the re-distribution phase, the last wave does sometimes breach the preceding ones. In this case I guess it all depends where the market makers have their offers.

http://stockcharts.com/school/data/m...2-markdown.png

Attached Image (click to enlarge)
Click to Enlarge Name: eu-w1.gif Size: 31 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #62,295
  • Dec 4, 2012 5:47pm Dec 4, 2012 5:47pm
As Mr. Buffet Said " Patience is a virtue, you acquire in life", 100% true!

Quoting EuroTraderJD
Patience is one of my BIG tools in my trader's tool box. In real estate its location location. In trading its the same thing. Funny how life imitates trading.
  • #62,296
  • Dec 4, 2012 5:53pm Dec 4, 2012 5:53pm
Quoting drzakir123
hi there,dont u think ur taking position against weekly momentum,also on weekly chart u have a higher low,and oh yes this monkey can jump upto 135.
for the moment i dont feel the correction is over yet and i dont feel very safe and dont forget its year end and for political reason no one want a crisis during christmas period and that means dollar weakness.regards.
Hi Doc, My Weekly view. Am not arguing with bullish momentum it may keep its pace throughout the week but as a trader I see the best opportunity.

Attached Image (click to enlarge)
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  • #62,297
  • Dec 4, 2012 5:56pm Dec 4, 2012 5:56pm
Quoting sisse
Hey PT, may I ask you a TA question. What happens if wave 5 ticks above wave 3 (and 1). Does it invalidate the setup (very rigid TA approach) or something like a wick only above in the monthly will still validate the setup (or the opposite with a close above) for a more "flexible" TA approach.... this question only in the context of TA btw not the FA underlying on your view...

sisse
PT is not using ew. He is using W pattern
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #62,298
  • Dec 4, 2012 6:01pm Dec 4, 2012 6:01pm
Quoting PipTrapper
Sorry guys... I like my chart the best. I've been working on it for just over 18 months

E/U Weekly:
Attachment
My guide is pound. When IT gets 1.64 1.645 i Will sell euro. If IT doesnt get that level i am screw...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #62,299
  • Dec 4, 2012 6:02pm Dec 4, 2012 6:02pm
Quoting prosiak
yes, i understand this...I agree. But i was quite sure than a little downroll was in wait...but sunday nothing ( little and I didn't have time to close ).Monday tragedia, tuesday tragedia and know what?
I close and follow the "trend"?...and if tomorrow will be back in a little down?
Many times I saw people so sure than something will happen...and then nothing. A day after, it was!

So, know question is...how many people think it'll go up or down?
I can accept to lose a little but when market is so much "manipulated" I really don't...
Hi prosiak, trading is a psychological game and your trading style must suit with your personality to become successful as a trader. I would suggest review your trading style and choose between going with shorter term trend (20,50) or longer term (100,200).

All I can suggest is if you only want to trade with technical then choose the best tool for you. GL.
  • #62,300
  • Dec 4, 2012 6:14pm Dec 4, 2012 6:14pm
Quoting Luis Carlos
My guide is pound. When IT gets 1.64 1.645 i Will sell euro. If IT doesnt get that level i am screw...
Hi Luis,

Why 1.64 for Cable? What is significant about that number?

I don't see it as being of any significance in the past when looking at weekly/monthly resistance. Also, is above the "triple top" which could potentially form at 1.627.

Just curious... Thank you in advance.
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