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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #4,241
  • Oct 20, 2011 10:54am Oct 20, 2011 10:54am
Its not Euro Getting Stronger But...
Its our Thread getting stronger Because we have a solid members here

Keep it up friends
If there was easy money lying around,no one would be forcing it into your
  • #4,242
  • Oct 20, 2011 10:54am Oct 20, 2011 10:54am
Seems many of us have done that today
Quoting Alorente
Just bent one of my rules and added to my short.
It's easy to be humbled but hard to be humble.
  • #4,243
  • Oct 20, 2011 10:57am Oct 20, 2011 10:57am
Quoting FXMindset
Its not Euro Getting Stronger But...
Out Thread getting stronger Because we have a solid members here

Keep it up friends
Most contribute here.
All learn here.
The trouble makers run away.
Those who say it cannot be done should not interrupt those who are doing it
  • #4,244
  • Oct 20, 2011 10:59am Oct 20, 2011 10:59am
Quoting Alorente
Just bent one of my rules and added to my short.
For me to do this with my Box System, I had to transfer extra funds to the Euro account from the main account. Donīt usually do that, but the opportunity was enticing. Weīll see what happens. I had sold yesterday at 1.3810. Now my average cost is 1.3785.
Observation is the path to discovery.
  • #4,245
  • Oct 20, 2011 11:00am Oct 20, 2011 11:00am
Quoting Alorente
Just bent one of my rules and added to my short.
Spike on rumour allowed me to move my entry higher... I did it the way it should not be done: added two entries on top of the spike and quit one when its profit was equal to the loss of the premature one (and killed the low one ofc). But, when you got margin level 1300%... then this crazy method may work If the retrace breaks this fib, well... then there is still 50% retracement to try to jump. And the higher one. If they all get defeated, then I will admit the failure... And start waiting to see if we are getting a bullish flag or not.

EDIT: Oh, forgot to say the most important: short on 1.374, just as I said I expected.
  • #4,246
  • Oct 20, 2011 11:00am Oct 20, 2011 11:00am
M15 - Entered short @ 137.35 200 SMA
  • #4,247
  • Oct 20, 2011 11:03am Oct 20, 2011 11:03am
Sorry, meant took my profit at M15 200 SMA, took short at M5 200 SMA once retraced.
  • #4,248
  • Oct 20, 2011 11:04am Oct 20, 2011 11:04am
I hope all of you are right about shorting theres no worse feeling than knowing you had the chance to take major profit but wait it out to see if it goes lower but instead reverses i sure hope it continues lower!
  • #4,249
  • Oct 20, 2011 11:05am Oct 20, 2011 11:05am
Quoting PipKiller
Glad to see I'm not the only one hedging this whippy bugger with EURCHF today.
It seems to be a good hedge. When EUR rallies up, EURCHF is pushed up too. If EURUSD crashes, then EURCHF starts to get pushed up on fears that SNB may raise the floor

I like these guys, they have balls to act. Unfortunately, I missed their great announcement... I was expecting that they will announce it on Wednesday, not Tuesday...

ADD: if we move again up to 1.374 and back to 1.372, we will get sort of HS on M5. Yeah, I know the short TF formations are unreliable. But it certainly is not a bad sign.
  • #4,250
  • Oct 20, 2011 11:07am Oct 20, 2011 11:07am
Quoting RodMca
I hope all of you are right about shorting theres no worse feeling than knowing you had the chance to take major profit but wait it out to see if it goes lower but instead reverses i sure hope it continues lower!
If any time your not sure, instead of hoping, take your profit and look for another entry.
Mark ... Everything you have been told is a LIE
  • #4,251
  • Oct 20, 2011 11:09am Oct 20, 2011 11:09am
Quoting fxrising
Seems many of us have done that today
The ECB is doing it, why can't we.
I don't care which way the market is going as long as it's going my way
  • #4,252
  • Oct 20, 2011 11:10am Oct 20, 2011 11:10am
Quoting RodMca
I hope all of you are right about shorting theres no worse feeling than knowing you had the chance to take major profit but wait it out to see if it goes lower but instead reverses i sure hope it continues lower!
Rod,
I am in short because I believe in it.
I get the impression from your comment that you are doing it on hope.
Hope and belief are not the same.
If hope is all you have, take profit and sit on the sidelines. You can short or long again when you believe
Cheers
PT
Those who say it cannot be done should not interrupt those who are doing it
  • #4,253
  • Oct 20, 2011 11:10am Oct 20, 2011 11:10am
That is wise counsel! It's never short or long
Quoting spzd
If any time your not sure, instead of hoping, take your profit and look for another entry.
It's easy to be humbled but hard to be humble.
  • #4,254
  • Oct 20, 2011 11:13am Oct 20, 2011 11:13am
http://www.forexlive.com/blog/2011/1...th-papandreou/
  • #4,255
  • Oct 20, 2011 11:13am Oct 20, 2011 11:13am
Quoting RodMca
I hope all of you are right about shorting theres no worse feeling than knowing you had the chance to take major profit but wait it out to see if it goes lower but instead reverses i sure hope it continues lower!
It all depends on what your trading strategy is. If you are scalping all the time, then taking small profits I guess is OK, but the big bucks are made when you hang on for the big moves. No doubt you can make small profits swing trading along the way, but you may be out when the big move develops. It happened to me a lot years ago. I would see a clear potential big move and ended up missing the train when I sold to take profits on a small swing. I felt like a fool many times, actually seeing the move but not participating in it. Thatīs when I decided to change my focus. I now make much more with much less stress. All systems are valid though.
Observation is the path to discovery.
  • #4,256
  • Oct 20, 2011 11:13am Oct 20, 2011 11:13am
For people who are doubt for short might try short below 1.3650
If there was easy money lying around,no one would be forcing it into your
  • #4,257
  • Oct 20, 2011 11:14am Oct 20, 2011 11:14am
Quoting spzd
If any time your not sure, instead of hoping, take your profit and look for another entry.
I think everyone would sign under this statement. Trade only based on your own knowledge and experience, we are bunch of strangers. Well, I am not that much anymore, but you aint gonna see my face! Maybe.

T
"I know one thing, that I know nothing." Sokrates
  • #4,258
  • Oct 20, 2011 11:18am Oct 20, 2011 11:18am
This market is ridiculous! The Europeans keep failing on promises, kicking the can down the street, continue to reduce the numbers that the market wants for an answer, it was $2 trillion, now I read $1.3 trillion, which is leveraged and going to cause more problems, and the euro continues to rally. lol
Yay! Pips for everyone!
  • #4,259
  • Oct 20, 2011 11:19am Oct 20, 2011 11:19am
Quoting PipKiller
The ECB is doing it, why can't we.
I believe the big move will come tomorrow. In the meantime, it will be ranging with a bearish bias. If it goes higher from here, I shall add to my short.

Now I shall walk away from my terminal and let it do its thing in my absence.
I have placed a sell limit order at 1.38 which is 88.6% fib retracement level of this wave.

Since I will be leaving the trades unattended, I will place an out of reach stop loss just in case the world blows up.

Good evening everybody.

ADD: Oops I meant 1.3820
Those who say it cannot be done should not interrupt those who are doing it
  • #4,260
  • Oct 20, 2011 11:20am Oct 20, 2011 11:20am
This market is ridiculous! The Europeans keep failing on promises, kicking the can down the street, continue to reduce the numbers that the market wants for an answer, it was $2 trillion, now I read $1.3 trillion, which is leveraged and going to cause more problems, and the euro continues to rally. lol I'm staying short, I don't believe anything coming out of Europe and I don't think whatever they come up with will really solve anything. Plus, whatever they come up with is going to need to be voted on by 17 countries, more delay.
Yay! Pips for everyone!
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