Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

hey PT... since you didn't mind my last "out of thread" link...I hope you won't mind this one.

seems to be garnering some interest from the community, and you've got a nice friendly group here.... for anyone that is struggling to learn how to trade and make a full time income with, this thread might help them understand how not to suck at trading

http://www.forexfactory.com/showthread.php?t=369985

at very least, it seems some find it entertaining, maybe it'll be good for a laugh or two ::::

X
The following extract from Charles Gave's (of GaveKal ) latest letter to clients is a must read for all, especially for the central planning members of the FOMC. The punchline is this statement which is so simple and obvious, it is no wonder virtuall...
everyonehttp://www.zerohedge.com/news/one-cannot-operate-capitalist-system-if-state-can-borrow-negative-cost?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Trading Consultants Inc JJG
Quoting forextraderx
hey PT... since you didn't mind my last "out of thread" link...I hope you won't mind this one.

seems to be garnering some interest from the community, and you've got a nice friendly group here.... for anyone that is struggling to learn how to trade and make a full time income with, this thread might help them understand how not to suck at trading

http://www.forexfactory.com/showthread.php?t=369985

at very least, it seems some find it entertaining, maybe it'll be good for a laugh or two ::::

X
Just skimmed through the thread. Excellent... I am sure many will positively benefit from the content so far. Looking forward to more "reasons why I suck at trading"
Those who say it cannot be done should not interrupt those who are doing it
Quoting drzakir123
...these are just like tsunami,which go very well with my idea of trading.
Ou yeah, tsunami beats everything.
"I know one thing, that I know nothing." Sokrates
Quoting forexboom
Hi,

here MY PERSONAL plan:

I forecast that market will retrace upward till weekly pivot (1.261x)/major trendline at 4H (1.2288, 1.2441). To do this "probably" the market on monday morning (Asia) will go back down till 1.2530, kiss it, forming right shoulder (1H, 4H) of the inverse HS. This will produce the waited upward move to 100% extension of the inverted HS, 1.2620 area, that will be my TP. How to play this: on monday morning I'll open 1/3 my pos at market (no more than 1.258x), then 2/3 at 1.2530. TP 1.2620, SL 1.2510.

Repeat, PERSONAL...
How do you know now what the markets will do on Sunday?

Are your technicals predictive of where the EUR/USD will go next ?

I am not challenging your views just wondering how you develop confidence before the movements of the markets ?
Earlier I accidentally deleted my Periodicity Bar from my MT4 platform. Could somebody help me add it back to my toolbar?
Quoting 100PipsADay
Earlier I accidentally deleted my Periodicity Bar from my MT4 platform. Could somebody help me add it back to my toolbar?
Select View menu then Toolbars | Periodicity
I observe your reality but live my own.
Quoting Cgb
Select View menu then Toolbars | Periodicity
Thanks Cgb! Man, I couldn't figure it out for the life of me! Thanks again.
Quoting 100PipsADay
Thanks Cgb! Man, I couldn't figure it out for the life of me! Thanks again.
You can also toggle any toolbar on and off by right-clicking any other remaining toolbar or toolbar button and selecting/deselecting the desired/undesired toolbar from the resulting pop-up menu.
Those who say it cannot be done should not interrupt those who are doing it
Quoting PipTrapper
You can also toggle any toolbar on and off by right-clicking any other remaining toolbar or toolbar button and selecting/deselecting the desired/undesired toolbar from the resulting pop-up menu.
Thanks PT for the heads up!
http://www.forexpros.com/analysis/go...in-2012-127307



In the monthly chart above, it is obvious that the last real Descending Triangle was a successful bearish aspect and one that caused a more than 20% drop in gold back in 2008 while the current pattern, and a larger pattern on an absolute and percentage basis, is promising a nearly 30% drop from Friday’s close and a more than 40% decline from last August.

Supporting the Descending Triangle is a monthly Pipe Top that confirms at $1,525 per ounce for nearly the exact target at $1,136 per ounce with the two patterns being entirely different, and thus providing confirmation around the likelihood of gold’s big drop unless it stages a miraculous comeback back above its record nominal high at $1,912 per ounce and something that should be considered only if gold closes back above its 150 DMA.

Otherwise, it is quite fair and really very generous to say that gold is going to $1,200 in 2012.

This is the best example that I have seen in a long time about the problem of using technicals in a vacum.

If I was not educated to the true nature og Gold which is money and a store of wealth for the last 5000 years I would really buy the call of $1200.00 US.

There is missing from this analysis any form of reality.

The reasons are as follows;

(1) There is manipulation in the price of Gold by the shorting of it in the paper market.

(2) Gold has no debt attached to it.

(3) Gold is the enemy of the fiat currencies and by extension the Central Banks of the world especially the Federal Reserve.

Without going into many other issues here the charts in this situation are misleading since they do not reflect the true price of Gold or the incredible amount of uncovered short positions in Gold.

All commentary is welcome.
Good morning guys,

I shall start with one of my favourite pictures. It is already 2010, but still good view on size of cash.

http://cobb.typepad.com/.a/6a00d8345...cbf9eca970d-pi


T
"I know one thing, that I know nothing." Sokrates
Quoting drzakir123
my account increase by 5% this month ...http://www.forexfactory.com/images/m...ading_dark.gif
Doc I like your style. You know yourself and your goals and imo this is the best way to make it on the markets.

I wont be commenting in all your points, I think you can sort it out by yourself and you have set the right goals. Most of these points are written in every single trading book. Just to point 10. Imo this rule is often underestimated. To have a fkin break. While you are trying to become fundamental analyst, information overflow is your worst enemy. To have break, relax and sort it all out, is a great way to deal with it.

Overall, I have found two things, which I see you may be doing wrong.
1) Target. Dont be misguided with kids around FF, scammers etc. Sure you can make double per year. Imo 5% per month is a lot. Right now, my yearly target is set at 20%. If you lower your target, you will also cure your volatility issue and I highly recommend that. How much they give you in bank per year? 5%? I say, that if you make 10% in year trading FX, you are good trader.
2) Fact that you made most money as contrarian. In current enviroment this means you can better evaluate when panic stops and not when panic starts. Or otherwise, you can define the point when path could be unsustainable and market has to reverse to avoid running into oblivion. In both occasions, you can see your patient (the market) at a final stage. Imo that may be, because you do right fundamental analysis, but too slow, so you know when the illness finishes or when it enters new stage, but you cant identify it from start. Imo this comes with experience.

Good luck,

T
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
Doc I like your style. You know yourself and your goals and imo this is the best way to make it on the markets.

I wont be commenting in all your points, I think you can sort it out by yourself and you have set the right goals. Most of these points are written in every single trading book. Just to point 10. Imo this rule is often underestimated. To have a fkin break. While you are trying to become fundamental analyst, information overflow is your worst enemy. To have break, relax and sort it all out, is a great way to deal with it.

Overall,...


what a load of tripe!
rat
What a lame insult.
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
What a lame insult.
don't get me started
rat
Ok, It is Sunday. I think PT wont mind if you insult me once more. Bring it on pls. I promise you I wont feel offended and wont be replying to anything you write. I would simply like to know what are my weaknesess.

Thx,

T
"I know one thing, that I know nothing." Sokrates
Quoting rattyo


what a load of tripe!
Oh come on. If you're going to bother commenting on somebody else's post because you don't agree with it, you might as well keep going and say why... unless you don't have the ability to form a complete paragraph, in which case I understand
Those who say it cannot be done should not interrupt those who are doing it
Quoting Tom_D_Trader
Ok, It is Sunday. I think PT wont mind if you insult me once more. Bring it on pls. I promise you I wont feel offended and wont be replying to anything you write. I would simply like to know what are my weaknesess.

Thx,

T
I can't speak for PT but I know I've had enough of these kinds of post last week. Let's not add to them.
I observe your reality but live my own.
This is a great day and PMA is KEY to being a winning forex trader.

Positive Mental Attitude
2 traders viewing now