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EurAnalysis Kindergarten 24 replies

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  • #14,601
  • Dec 13, 2011 1:26am Dec 13, 2011 1:26am
Quoting Tyoon
I wonder if UK's CPI/CCPI can bring force to this decision point. Deflation = bullish retracement, inflation = break the support.

I am not that experienced with news so that's just my broad estimation.
Dale is pretty damn dovish.... he was yappin away about expanding to more QE and what not..
  • #14,602
  • Dec 13, 2011 1:27am Dec 13, 2011 1:27am
http://www.actionforex.com/action-in...0111212155364/

There is no press conference today. There is only a FOMC Rate decision. The points made are good so we might have a Non Event. It makes some sense.

Snippet:

The December FOMC meeting will likely be a non-event. With operation twist started and recent economic data improved, policymakers would prefer to stand on the sideline and monitor the developments. The meeting would again focus on tools to improving communication with the market. However, we do not expect any material outcome at least until January when Chairman Ben Bernanke holds a press conference and when the latest economic projections are released.
  • #14,603
  • Dec 13, 2011 1:33am Dec 13, 2011 1:33am
Quoting Tyoon
I wonder if UK's CPI/CCPI can bring force to this decision point. Deflation = bullish retracement, inflation = break the support.

I am not that experienced with news so that's just my broad estimation.
Nope... not a nudge.
  • #14,604
  • Dec 13, 2011 1:40am Dec 13, 2011 1:40am
http://armstrongeconomics.com/

All Free And Clear...

http://armstrongeconomics.com/martin_armstrong/

The ZEW comes at 5:00 AM EST I Think...
  • #14,605
  • Dec 13, 2011 1:46am Dec 13, 2011 1:46am
http://armstrongeconomics.files.word...ent-112311.pdf
  • #14,606
  • Dec 13, 2011 1:52am Dec 13, 2011 1:52am
I don't agree 5% loss on a trade is way too much I loose 1 or 0,5%. Its all in the entry. Other than that I totally agree.

Quoting knoholygrail
Put these rules in place and NEVER change them. We then start. Forget the charts alone. Forget price action alone. Forget fundamentals alone.

First NEVER trade EVER without a Trade Plan that you understand.

Your Trade Plan was to go long expecting a retrace.

MISTAKE ONE - Expect Nothing !!!

Solution One - Never lose more than 5% of your Trade Capital on any one Trade Plan. You should ALWAYS put in a STOP LOSS at the 5% level and that's it.

Last night I called things when the EUR/USD was at 1.3300

I was waiting for support...
  • #14,607
  • Dec 13, 2011 1:53am Dec 13, 2011 1:53am
Quoting knoholygrail
http://armstrongeconomics.files.word...ent-112311.pdf
Xie xie yah for the link
If there was easy money lying around,no one would be forcing it into your
  • #14,608
  • Dec 13, 2011 1:56am Dec 13, 2011 1:56am
http://news.goldseek.com/GoldSeeker/1323752400.php
  • #14,609
  • Dec 13, 2011 1:59am Dec 13, 2011 1:59am
http://news.goldseek.com/BullionVault/1323698520.php
  • #14,610
  • Dec 13, 2011 2:16am Dec 13, 2011 2:16am
Quoting TheSwede
I don't agree 5% loss on a trade is way too much I loose 1 or 0,5%. Its all in the entry. Other than that I totally agree.
I will reveal for you and others my trading model.

I will explain based on a $50,000 US Dollars Trading Account.

You can test my model by trying it on a $50,000 Demo Trading Account.

It only works with certain platforms. I use the platform from FXCM UK

Right now I see EUR/USD at 1.3187

My Trade Plan is to GO SHORT over the next 5 days.

I decide to short EUR/USD at 1.3187 and I am now short one position of 100K using $800 of capital.

My STOP is on at 1.3212 so my Maximum Loss is $250.00 US

It goes over 1.3200 and I scale in a second position at 1.3215 as part of my Trade Plan.

I am scaling in my shorts.

If my second position at 1.3215 starts to head down I lock in at least 15 PIPS in profits and have a second Position probably at 1.3205 and my STOP at 1.3230 so I had 3 Positions and my MAXIMUM EXPOSURE is less than 75 PIPS.

I never have more than 20% of my capital in the market at anyone time.

I hope this explains it a little better.

Have a good trading day.

P.S. I win over 75% of all my FX Trades.

That is how I achieve my Minimum of 5% a month in trading profits.
  • #14,611
  • Dec 13, 2011 2:25am Dec 13, 2011 2:25am
Quoting knoholygrail
I will reveal for you and others my trading model.

I will explain based on a $50,000 US Dollars Trading Account.

You can test my model by trying it on a $50,000 Demo Trading Account.

It only works with certain platforms. I use the platform from FXCM UK

Right now I see EUR/USD at 1.3187

My Trade Plan is to GO SHORT over the next 5 days.

I decide to short EUR/USD at 1.3187 and I am now short one position of 100K using $800 of capital.

My STOP is on at 1.3212 so my Maximum Loss is $250.00 US

It goes over 1.3200 and...
How many trades per month? How do you exit a trade, i.e. how much profit do you have to make before taking profit?
  • #14,612
  • Dec 13, 2011 2:26am Dec 13, 2011 2:26am
http://bullmarketthinking.com/exclus...-towards-asia/

Jim Willie is the Man.

Go for it !!!

http://bullmarketthinking.com/exclus...ts-are-stolen/

I am off to shave,shower, dress, go for breakfast and read the morning papers. That is my routine and it is all part of my trading day. Sleep at Midnight. Wake up early in Europe and have fun and enjoy my day.

FOMC at 2:15 PM

Watch for it...

Good Morning Ladies and Gentleman
  • #14,613
  • Dec 13, 2011 2:27am Dec 13, 2011 2:27am
Possible scenario
Attached Image (click to enlarge)
Click to Enlarge Name: EU15.png Size: 34 KB
If there was easy money lying around,no one would be forcing it into your
  • #14,614
  • Dec 13, 2011 2:36am Dec 13, 2011 2:36am
Don't really get it

Your first short is stopped out for a loss of 250$, .5%
The you go short again (according to your tradeplan), but not scaling in because your first was stopped out?
Then you enter again but only have 2 positions open.

I can see why you use this approach because it prevents you from picking tops. Is sort of the same as mine but I scale in only on winners and with less and less size. As soon as I scale in i move stop loss to keep loss at be or EDIT (initial) maximum risk.

Quoting knoholygrail
I will reveal for you and others my trading model.

I will explain based on a $50,000 US Dollars Trading Account.

You can test my model by trying it on a $50,000 Demo Trading Account.

It only works with certain platforms. I use the platform from FXCM UK

Right now I see EUR/USD at 1.3187

My Trade Plan is to GO SHORT over the next 5 days.

I decide to short EUR/USD at 1.3187 and I am now short one position of 100K using $800 of capital.

My STOP is on at 1.3212 so my Maximum Loss is $250.00 US

It goes over 1.3200 and...
  • #14,615
  • Dec 13, 2011 2:36am Dec 13, 2011 2:36am
Quoting smallstep
How many trades per month? How do you exit a trade, i.e. how much profit do you have to make before taking profit?
For every $50,000 US that I trade I average about 25 FX Trades a day. In 20 trading days I do about 500 FX Trades winning over 75% of them.

I have such a high number of winning trades because of my selective entry. I only trade in one direction which for the moment is short EUR/USD.

I can take profits of as little as 15 PIPS and as it moves in my favor I lower my stops each 10 or 15 PIPS to lock in more profits.

If I had done the Trade at 1.3187 I would be about even right now. I am out of the market today waiting for FOMC at 2:15 PM EST.

That is called DISCIPLINE and a Trade Plan.

A Trade Plan includes NOT DOING ANY TRADES.

Please feel free to ask as many questions as you want. If you decide to try my trading model I suggest you open a demo account and if you like I can guide you along.

I am off now for at least 5 hours or so. I won't even be near a computer.

Take care and trade well.
  • #14,616
  • Edited 2:52am Dec 13, 2011 2:37am | Edited 2:52am
Quoting FXMindset
Possible scenario
Thanks FX, I'll keep an eye on that one.

Also keeping an eye on this diamond set-up.
Attached Image (click to enlarge)
Click to Enlarge Name: eurdiamond2.gif Size: 18 KB
  • #14,617
  • Dec 13, 2011 2:40am Dec 13, 2011 2:40am
Im hoping for a correction towards the 1.3260-80 area in order to short the pair again... technically the pair needs a correction in order to break support of 1.3155 This scenario would provide a perfect "IF REACH" scenario and I will definitely feel more confident then to short. Waiting game now
Cheers!!
  • #14,618
  • Dec 13, 2011 2:40am Dec 13, 2011 2:40am
Quoting knoholygrail
For every $50,000 US that I trade I average about 25 FX Trades a day. In 20 trading days I do about 500 FX Trades winning over 75% of them.

I have such a high number of winning trades because of my selective entry. I only trade in one direction which for the moment is short EUR/USD.

I can take profits of as little as 15 PIPS and as it moves in my favor I lower my stops each 10 or 15 PIPS to lock in more profits.

If I had done the Trade at 1.3187 I would be about even right now. I am out of the market today waiting for FOMC at 2:15 PM EST....

only a true trader can say thigns such as these
Have I got something on my face, SOLDIER?
  • #14,619
  • Dec 13, 2011 2:40am Dec 13, 2011 2:40am
Sitting out, no clean signal yet. Same with the Eurusd.
Dax more bullish than bearish today but even if it break above it does not have much of a breathing room.

Chart says it all:
Attached Image (click to enlarge)
Click to Enlarge Name: dax30 H1 and H4.png Size: 42 KB
  • #14,620
  • Dec 13, 2011 2:44am Dec 13, 2011 2:44am
as long as usdx is oversold and at supply i will be shorting USD

will be awaiting old resistance retest to short eurusd
Attached Image (click to enlarge)
Click to Enlarge Name: x.gif Size: 29 KB
Have I got something on my face, SOLDIER?
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