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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #4,261
  • Oct 20, 2011 11:21am Oct 20, 2011 11:21am
Quoting Pipsforall
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
In order to fall harder the ball need to jump higher
If there was easy money lying around,no one would be forcing it into your
  • #4,262
  • Oct 20, 2011 11:22am Oct 20, 2011 11:22am
i am flat in this zone, the floor is too slippy
As Above, So Below
  • #4,263
  • Oct 20, 2011 11:22am Oct 20, 2011 11:22am
Quoting Alorente
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...
Lately my strategy is just out the window i've been finding it quite difficult to manage a full week of gains its either huge profit or i get it completely wrong several times in the one day. I had hope to reach my yearly figure that i had set out at the start of the year by the end of this month and from then on in trade micro lots. I think PT is right when he says I'm trading on hope more so than fundamentals its just a matter of me realising it. It seems as though it may be time to take a brief break from trading and regroup and re-gather my thoughts!
  • #4,264
  • Oct 20, 2011 11:23am Oct 20, 2011 11:23am
Quoting Pipsforall
This market is ridiculous!
There is some sanity in insanity. Market has its own will, it is a living entity. If you trust that quantum physics energetical mumbo jumbo.

T.

Edit:
Quoting tashkent
i am flat in this zone, the floor is too slippy
I am flat for two weeks . But it has to break down soon.
"I know one thing, that I know nothing." Sokrates
  • #4,265
  • Oct 20, 2011 11:26am Oct 20, 2011 11:26am
Greek Parliament Gives Final Approval to Austerity Law Cutting Wages and Hiking Taxes (Story Developing)
I don't care which way the market is going as long as it's going my way
  • #4,266
  • Oct 20, 2011 11:28am Oct 20, 2011 11:28am
Quoting Tom_D_Trader
There is some sanity in insanity. Market has its own will, it is a living entity. If you trust that quantum physics energetical mumbo jumbo.

T.

Edit:


I am flat for two weeks . But it has to break down soon.
looks like you caught some big moves and now time to have some fun
As Above, So Below
  • #4,267
  • Oct 20, 2011 11:30am Oct 20, 2011 11:30am
Quoting Pipsforall
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.
100% agree. That's why I'm loading my cannon.

If she comes a little higher I'll add more powder.

Inserted Video
I don't care which way the market is going as long as it's going my way
  • #4,268
  • Oct 20, 2011 11:36am Oct 20, 2011 11:36am
Quoting PipKiller
100% agree. That's why I'm loading my cannon.

If she comes a little higher I'll add more powder.

http://www.youtube.com/watch?v=46GBjlUOROY
I want my milk!
If there was easy money lying around,no one would be forcing it into your
  • #4,269
  • Oct 20, 2011 11:40am Oct 20, 2011 11:40am
1.38 is not too far away. another chance to short
As Above, So Below
  • #4,270
  • Oct 20, 2011 11:47am Oct 20, 2011 11:47am
Quoting tashkent
1.38 is not too far away. another chance to short
I didn't wait, I put my toe in at 1.377, got 3 more positions I can add if it climbs higher.
  • #4,271
  • Oct 20, 2011 11:48am Oct 20, 2011 11:48am
Quoting ntrprz
I didn't wait, I put my toe in at 1.377, got 3 more positions I can add if it climbs higher.
i am waiting. at least 1.378, and watch it there how it behaves
As Above, So Below
  • #4,272
  • Oct 20, 2011 11:49am Oct 20, 2011 11:49am
Those last three H4 candles are quite scarry. I think the breakpoint is very close. But NY session is almost over and Asia seems to be buying. As usual, I dunno what to do. But I dont mind, as these moves are still following my plan (kind of, as I expected doubletop to 1,4, which may not occur). Daily pivot aint working at all today. I think NY will try to bring it down to those aqua lines down there. Then asia last spike up, hopefully to 1,39x and Friday doomsday.

T.
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"I know one thing, that I know nothing." Sokrates
  • #4,273
  • Oct 20, 2011 11:55am Oct 20, 2011 11:55am
Quoting Tom_D_Trader
Those last three H4 candles are quite scarry. I think the breakpoint is very close. But NY session is almost over and Asia seems to be buying. As usual, I dunno what to do. But I dont mind, as these moves are still following my plan (kind of, as I expected doubletop to 1,4, which may not occur). Daily pivot aint working at all today. I think NY will try to bring it down to those aqua lines down there. Then asia last spike up, hopefully to 1,39x and Friday doomsday.

T.
i think so too. it is time to short until Asia open, and then just wait if asia comes with a surprise
As Above, So Below
  • #4,274
  • Oct 20, 2011 12:13pm Oct 20, 2011 12:13pm
Quoting tashkent
i think so too. it is time to short until Asia open, and then just wait if asia comes with a surprise
When does it open?
  • #4,275
  • Edited 12:41pm Oct 20, 2011 12:21pm | Edited 12:41pm
It is written down there on the home site of forexfactory, Sydney opens in 1h 40 mins.

T.

Edit: Hmhm, is Australia still Asia? Dont think so . Damn this geography, I should get back to mathematics.

And one more Edit: Seems to me FF has wrong times since it put opening hours at 8:00 AM of Sydney time and they open at 7:00. I need to check it out. Untill then, dont listen to me.

http://www.asx.com.au/products/ASX-T...ket-phases.htm
"I know one thing, that I know nothing." Sokrates
  • #4,276
  • Oct 20, 2011 12:25pm Oct 20, 2011 12:25pm
Japan 8 pm NY time
As Above, So Below
  • #4,277
  • Oct 20, 2011 12:34pm Oct 20, 2011 12:34pm
Quoting Tom_D_Trader
It is written down there on the home site of forexfactory, Sydney opens in 1h 40 mins.

T.
That I haven't seen before , it's very good to know, thanks
  • #4,278
  • Oct 20, 2011 12:36pm Oct 20, 2011 12:36pm
After some time of thought I have decided to close all positions and take all equity out of my account. I feel my "luck" as a novice has run out I've been hoping rather than knowing exactly what was happening I focused too much on the analysis of others rather than on my own intuition. I suppose I am lucky in a way that i didnt recieve a margin call but infact have taken it upon myself to take what I have and run! To anybody else in this forum who is finding it difficult I would suggest the same. For the next month or maybe the rest of the year I will be in study mode both for college and Forex. Work over the Christmas will give me extra financial backing and I can resume trading without being in the mindset of having to trade no matter what just to make money. Finally I would like to thank Piptrapper and anyone else along the way that has shared their advice with me it has been greatly appreciated. I wish all of you a prosperous trading year and hope you can all see 2011 in the green . Just to add if anyone has any questions or advice or book recommendations for me feel free to pm me I'll gladly reply! http://www.forexfactory.com/images/icons/icon10.gif
Focker out!
  • #4,279
  • Oct 20, 2011 12:37pm Oct 20, 2011 12:37pm
Quoting tashkent
i think so too. it is time to short until Asia open, and then just wait if asia comes with a surprise
early asia has been awfully thin lately, definitely not worth my time. tokyo open is worth a peek, then an eye on asian mid-day into FO. I am not perturbed if I miss any of that either. a guys got to sleep sometime, anyway...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,280
  • Edited 12:56pm Oct 20, 2011 12:45pm | Edited 12:56pm
Quoting The Fool
early asia has been awfully ...
Pls Fool do you know the deal with FF times of opening hours? It seems to me they are all moved 1 hour back.

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