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EurAnalysis Kindergarten 24 replies

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  • #1,941
  • Oct 11, 2011 7:09am Oct 11, 2011 7:09am
Quoting PipTrapper
equities have been trading in a very tight range all day, yet the euro has been dropping. That shows a bullish slant on the USD index

look here and click on the 1D chart--> http://www.bloomberg.com/quote/DXY:IND/chart

.
I might be wrong mate...
If there was easy money lying around,no one would be forcing it into your
  • #1,942
  • Oct 11, 2011 7:09am Oct 11, 2011 7:09am
Quoting PipTrapper
I am short at 1.3661 on that double top premise and I have a stop loss at 1.3710
if the vote comes out yet, I may have enough time to close before 1.3710
If it comes out no, it may spike up a bit before heading down so that is why I put my stop above the zone. My loss will amount to only 0.3% of my capital so it's fine. My position is a small one. I plan on scaling in below 1.3520 if we get a no vote.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,943
  • Oct 11, 2011 7:09am Oct 11, 2011 7:09am
FXMindset,
Thanks for the reply. I believe the one in the.3940 area would be stronger line due to your analysis of trend line break. I just wondered what you thought about the last one as a possibility as we are only one candle away from it.
  • #1,944
  • Oct 11, 2011 7:10am Oct 11, 2011 7:10am
Quoting FXMindset
I might be wrong mate...
no worries, I've been short since yesterday.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,945
  • Oct 11, 2011 7:14am Oct 11, 2011 7:14am
Quoting PipTrapper
if the vote comes out yet, I may have enough time to close before 1.3710
If it comes out no, it may spike up a bit before heading down so that is why I put my stop above the zone. My loss will amount to only 0.3% of my capital so it's fine. My position is a small one. I plan on scaling in below 1.3520 if we get a no vote.
Thats it...the most powerful weapon when trading is Good MM not those indicators or whatever and the best protection is your SL..we know Its Kinda Hurt when hit the SL but one day we will lovin it.. this is how Mr.Van K Tharp Teach me one
If there was easy money lying around,no one would be forcing it into your
  • #1,946
  • Oct 11, 2011 7:15am Oct 11, 2011 7:15am
Quoting PipTrapper
if the vote comes out yet, I may have enough time to close before 1.3710
If it comes out no, it may spike up a bit before heading down so that is why I put my stop above the zone. My loss will amount to only 0.3% of my capital so it's fine. My position is a small one. I plan on scaling in below 1.3520 if we get a no vote.
Good job, I will be scaling in with you and the Swede with a break and will move SL to BE if I get some room as I got in lower than you after closing my .3668 earlier at .3630 stall.
  • #1,947
  • Oct 11, 2011 7:16am Oct 11, 2011 7:16am
Quoting Gofer Pips
FXMindset,
Thanks for the reply. I believe the one in the.3940 area would be stronger line due to your analysis of trend line break. I just wondered what you thought about the last one as a possibility as we are only one candle away from it.
Thanks for the questions and appreciation also bro
Yupe,I am not clear yet about that last one possibility..how about you mate? Lets share together..as I'm still have a lot thing to learn yet,I am trade with just a simple and poor chart only

Once again,Thank you for taking a time to take a look my poor chart..hahahaha
If there was easy money lying around,no one would be forcing it into your
  • #1,948
  • Oct 11, 2011 7:21am Oct 11, 2011 7:21am
The 15 and 30 minute charts on EURUSD are not showing signs of heading south to my eye. It looks like there is strong resistance to a southern move at 1.3572 daily pivot. Three tries at breaking, all failed, and the 15 and 30 minute chart look like a hammer factory. If this vote goes yes look out to the upside.
  • #1,949
  • Oct 11, 2011 7:21am Oct 11, 2011 7:21am
Quoting FXMindset
Thanks for the questions and appreciation also bro
Yupe,I am not clear yet about that last one possibility..how about you mate? Lets share together..as I'm still have a lot thing to learn yet,I am trade with just a simple and poor chart only

Once again,Thank you for taking a time to take a look my poor chart..hahahaha
If the tool serves the farmer of pips, it matters not if it is simple, only that it provides a crop!

As far as the double top, my thoughts were with PT on the .3710, but he has crystal ball just no time machine!
  • #1,950
  • Oct 11, 2011 7:22am Oct 11, 2011 7:22am
I'm Trade Crazy "Chart Pattern" for over 2 years with tight stoploss 20 pips,I'm will try share it here when I found an valid one..the rest is probabilities only and hopes you guys dont mind..honestly am feel a bit weird with some members here,quite warm
If there was easy money lying around,no one would be forcing it into your
  • #1,951
  • Oct 11, 2011 7:24am Oct 11, 2011 7:24am
Quoting FXMindset
Thanks for the questions and appreciation also bro
Yupe,I am not clear yet about that last one possibility..how about you mate? Lets share together..as I'm still have a lot thing to learn yet,I am trade with just a simple and poor chart only

Once again,Thank you for taking a time to take a look my poor chart..hahahaha
Your chart is not poor. It is clean.

Poor charts look like christmas trees with so many indicators that wherever the price moves it is on a line. Then you never take trades because support/resistance is only 5 pips away
Those who say it cannot be done should not interrupt those who are doing it
  • #1,952
  • Oct 11, 2011 7:30am Oct 11, 2011 7:30am
Quoting PipTrapper
Your chart is not poor. It is clean.

Poor charts look like christmas trees with so many indicators that wherever the price moves it is on a line. Then you never take trades because support/resistance is only 5 pips away

Starting out I traded like that, and you're right. I never knew when to pull the trigger, and got out of trades too quickly or stayed in too long!
  • #1,953
  • Oct 11, 2011 7:33am Oct 11, 2011 7:33am
Setting Up the Greek Default

"The inspectors sent to Athens by Greece’s top creditors have recommended that the Greeks get the next payment of €8 billion from its 2010 bailout agreement. The decision was never in doubt because there wasn’t any other choice."

.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,954
  • Oct 11, 2011 7:38am Oct 11, 2011 7:38am
Oh snap! Took 1/2 off profit at .3579, and moved SL to BE! It got me but
it's okay, there are better entries north of here! or on a break lower. It looks like alot of candles on the hourly.
  • #1,955
  • Oct 11, 2011 7:41am Oct 11, 2011 7:41am
For those of you who are novice traders and lack enough fundamental knowledge of how the global economy works, here is an excellent resource for you.

It's also great for those of you who are seasoned but would like to brush up on the details. I have certainly learned a few new things and also corrected some misconceptions I had.

Enjoy

Welcome to CNBC Explains, where we dissect the complicated economics of our world — everything from stocks and corporate balance sheets, to international trade and government policy.
Those who say it cannot be done should not interrupt those who are doing it
  • #1,956
  • Edited Oct 12, 2011 3:11am Oct 11, 2011 7:44am | Edited Oct 12, 2011 3:11am
Quoting PipTrapper
Your chart is not poor. It is clean.

Poor charts look like christmas trees with so many indicators that wherever the price moves it is on a line. Then you never take trades because support/resistance is only 5 pips away
really mate? see where am long before (Orange Mark) and see how simple my chart is ..but you know ya,sometimes emotion kick in so I cant hold till 136

However thank for the appreciation
If there was easy money lying around,no one would be forcing it into your
  • #1,957
  • Oct 11, 2011 7:46am Oct 11, 2011 7:46am
Quoting PipTrapper
For those of you who are novice traders and lack enough fundamental knowledge of how the global economy works, here is an excellent resource for you.

It's also great for those of you who are seasoned but would like to brush up on the details. I have certainly learned a few new things and also corrected some misconceptions I had.

Enjoy

[url="http://explains.cnbc.com"]Welcome to CNBC Explains, where we dissect the complicated economics of our world — everything from stocks and corporate balance sheets, to international trade and government...
Thanks!
  • #1,958
  • Oct 11, 2011 7:50am Oct 11, 2011 7:50am
ZURICH -(Dow Jones)- Swiss exporters face stagnating sales and shrinking profit margins heading into year-end as the strength of the Swiss franc and a slowing global economy start to take their toll, according to a survey released Tuesday.
Nearly three-quarters of Swiss small- and medium-sized companies expect their sales abroad to slow in the fourth quarter due to the appreciation of the franc against the euro, according to an export outlook indicator compiled by Credit Suisse (CS) and the business group Osec.
"A high 83% of the companies surveyed said the strong franc was adversely affecting margins, with the ratio deteriorating from 73% in the preceding quarter," the compilers said. "Pressure on margins was especially pronounced in the Swiss pharmaceutical, electrical engineering and precision instrument sectors."
The Swiss government and central bank have warned that gross domestic product growth will slow significantly in the second half of the year as the country's key export sector suffers under the weight of the franc's relentless appreciation in the past couple of years.

Thus, EURCHF is off to the races again pulling EURUSD with it.
  • #1,959
  • Oct 11, 2011 7:52am Oct 11, 2011 7:52am
Quoting FXMindset
really mate? see where am long before (Orange Mark) and see how simple my chart is ..but you know ya,sometimes emotion kick in so I cant hold till 136

However thank for the appreciation
As long as you make green pips, that's what counts
Those who say it cannot be done should not interrupt those who are doing it
  • #1,960
  • Oct 11, 2011 7:53am Oct 11, 2011 7:53am
Quoting PipTrapper
It's also great for those of you who are seasoned but would like to brush up on the details. I have certainly learned a few new things and also corrected some misconceptions I had.

Enjoy
Thanks a lot PT, I always wanted to find an easier way to understand "the complicated economics of our world"

Pbh
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