Welcome to EurAnalysis
Yes I know it sounds like urinalysis but in a way the purpose of this thread is to do more or less the same thing. The only difference is that instead of urine, we are analyzing the Euro against its most major counterpart; the US Dollar.
I invite all participants to contribute what they know about the EUR/USD as well as any other Euro related currency pairs.
Before I get started with submitting my first post, I want to lay down the ground rules of this thread. I only have a few rules but they will be strictly enforced.
1. During market hours, please keep the discussions strictly on issues directly related to trading the Euro and any other instrument which influences (or is influenced by) the Euro. This can be technical analysis of charts and indicators, Fundamental analysis of political and economic factors which directly or indirectly affect the Euro, or any other information you wish to exchange with others that you feel will be of help in determining general market sentiment or providing trade ideas. During off-market hours, you are free to engage in any discussion that you feel the other thread participants would find of interest. Just keep it clean please
2. If you are going to make a bold statement and represent it as fact, please back it up with authoritative references. This could be a chart for a trade call or technical analysis, or a link to a reputable news source for fundamental analysis.
3. Vulgarity, personal attacks, name calling or bullying of any kind for any reason will not be tolerated here. Neither will any posts claiming that the poster's trading methods are the only ones that work, and everybody else's is crap. Generally the only acceptable posts are the ones that offer value to other posters and I will determine whether any such posts meet that criteria at my sole discretion. Obviously healthy and clean debate is always welcome and encouraged.
Furthermore, any poster who ignores any instructions given by the thread starter & moderator (that's me), will be immediately blocked without notice or explanation. This is done in order to allow me to maintain focus on my trades and other posters. If I have found reason to issue a fair warning to you, it means you have already gone too far so it is time for you to listen up and take notice.
4. In the interest of privacy and security for everyone who posts here, divulging your capital balance, profits or losses in any live trading account is very strongly discouraged. I cannot prevent you from doing it but it is not wise of you to do so on any public forums. If you want to tell other traders your profits and losses booked to balance, you may use aggregate pips based on the 4 decimal place system, or you may express it as a percentage of your capital. The same applies to floating profits and losses... pips or percentage of capital. Obviously this rule does not apply if you are trading in a demo account as long as you make that fact clear to others while posting your numbers.
Please note that failure to adhere to the rules of this thread by any member or visitor will result in a warning the first time and a possible suspension (at my sole discretion) on a repeat offence.
That's it for now but I reserve the right to add more rules as I see fit. If you have any ideas to share about some rules that will keep this thread clean and resourceful for others, please feel free to submit them.
Peace
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SOME POSTING GUIDELINES:
(Added 23 October 2011)
I have noticed that at certain times, there was some discussion about certain posts made by certain members wherein text from linked articles was copied and pasted in line with the post. More specifically, the comments were more directed at these members making several such posts in succession and thereby "spamming" the thread.
While I agree that any such successive posts seem somewhat abusive, I cannot agree that they do not meet the requirements or that they violate any current rules or guidelines in this thread.
However, I would like to point out that in the interest of fairness to all, I would prefer to see less successive long postings from any one individual. If you feel a need to make a long post, please allow some time after your post for others to post their views before making another long post. The alternative would be to keep your posts short, or if you have much to say on a variety of topics, then please include them all in one post.
I must stress that these are guidelines and not rules.
I want to encourage everyone to post their views as they see fit and if an external article or news item describes it better than they can, I see no harm in quoting excerpts from any such external links.
One more thing though, which I believe I have made clear in the past and is also a rule.
During peak market hours, especially from Europe open to US close, I would like to see all philosophical, speculative and historical discussions kept to a minimum as this is the time for fundamental/technical analysis and trade calls.
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DISCLAIMER:
Any trade or analysis related comments made in this thread by myself or any other person should not be interpreted as anything other than a point of view by the respective poster. It is your responsibility as a trader to decide what information to use and what to disregard and you do so at your own risk.
Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all traders or investors. Before deciding to trade the foreign exchange (Forex) markets, you should carefully consider your objectives, financial situation, needs and level of experience. The possibility exists that you could sustain a loss of some or all of your funds and therefore, you should not speculate with capital that you cannot afford to lose.
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FF EMAIL SETTINGS:
(Added 12 October 2011)
Here are some instructions regarding emails you receive from this thread.
Once you post to this thread, depending on your current profile settings regarding email notification, you may start receiving an email for every post that is made on here after yours.
In order to change those option, you have to perform the following steps.
1. Go to your profile and click on the subscriptions link in the left hand column. That will give you a list of all the threads and news items you have posted in.
2. Put a check mark in the far right column of the ones you want to change.
3. At the bottom of the list you will find a pull-down menu. There you will find the subscription action options. Just select the option you want.
4. Click GO
You're done.
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RESOURCES:
(Added 14 October 2011)
This is a new section which will list a variety of resources for new and seasoned traders alike. I will organize it and build on it as I see fit but welcome suggestions any time.
EDUCATIONAL:
1. Baby Pips School
2. Raghee Horner's 'Best of the daily trading edge" e-book
3. Chart School from stockcharts.com
4. Explains by cnbc.com
5. John Murphy's Ten Laws of Technical Trading
6. Forex trading systems collection revealed!
7. Martin J. Pring’s 19 Trading Rules to Beat the Markets
MARKET CHARTS:
1. Futures from Finviz.com
2. Major Currency Pairs from finviz.com
MARKET NEWS:
1. Yahoo Finance Currency News
2. RTT News Earnings Calendar
3. Forex Factory Events Calendar
ANALYSTS:
1. Marc Chandler @ SeekingAlpha
2. John Mauldin @ JohnMauldin.com - Frontline Thoughts
FF THREADS OF INTEREST:
1. Twelve widely believed forex myths
2. Trading with Deadly Accuracy
OTHER LINKS:
1. World Clocks
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SEARCH FOR KEYWORDS:
If you would like to search this thread for a particular post you previously saw that is of interest to you, you don't need to go through all the pages looking for it. The folks at Forex Factory have provided us with a good keyword search tool which you will find in the left hand column of every page as a small box called "
Search Forums". Just place a checkmark in "Only This Thread", type in your keyword and search. Try it, it's easy.
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EU Crisis (Key Dates):
--Monday, Nov 21: IMF board meets to discuss disbursement of Greece's sixth aid tranche. New Greek Prime Minister Lucas Papademos visits Brussels to discuss aid disbursement
--Tuesday, Nov 22: Spanish T-bill auction.
--Thursday, Nov. 24: General strike in Portugal.
--Friday, Nov. 25: Italian T-bill/zero-coupon bond auction.
--Tuesday, Nov. 29: Italian bond auction. Final Portuguese budget vote. Euro-zone finance ministers meeting.
--Wednesday, Nov. 30: European Union finance ministers meeting.
--Thursday, Dec. 1: Spanish and French bond auctions. Europe-wide manufacturing purchasing managers index.
--Monday, Dec. 5: Europe-wide service-sector PMI data.
--Tuesday, Dec. 6: Third-quarter euro-zone gross-domestic-product report, second estimate.
--Wednesday, Dec. 7: Portuguese T-bill auction. European People's Party meeting in Marseilles, France.
--Thursday, Dec. 8: ECB interest-rate decision, press conference. Second day of European People's Party meeting.
--Friday, Dec. 9: EU leaders summit.
--Monday, Dec. 12: Italian T-bill auction.
--Tuesday, Dec. 13: First meeting of new Spanish parliament after election. A new prime minister must be elected by Dec. 28. Spanish T-Bill auction.
--Wednesday, Dec. 14: Italian bond auction.
--Thursday, Dec. 15: Spanish bond auction.
--Friday, Dec. 16: Greek T-bill auction.
--Monday, Dec. 19: EUR1.22 billion of Greek debt falls due.
--Tuesday, Dec. 20: Spanish T-bill auction.
--Wednesday, Dec. 21: Portuguese T-bill auction.
--Thursday, Dec. 22: EUR980 million of Greek debt falls due.
--Wednesday, Dec. 28: Italian T-bill, zero-coupon bond auction.
--Thursday, Dec. 29: EUR5.23 billion of Greek debt falls due. Italian bond auction.
--Friday, Dec. 30: EUR750 million of Greek debt falls due.
--Saturday, Dec. 31: Date by which Greek parliament votes on final 2012 budget.
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Recent Euro Crisis analysis
Rome Burns, Greece Dawdles, China Fizzles 9 Nov 2011
A Beginner’s Guide to the European Debt Crisis 10 Nov 2011
Where is the ECB Printing Press? 11 Nov 2011
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Links to Spanish bond yields (15 minute delayed)
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Links to Greek bond yields (15 minute delayed)
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YOU MUST READ THIS:
Don't get trapped in a marriage you cannot handle.
Always use sound money management techniques.
It will save your account and your emotional well being.
