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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #4,301
  • Oct 21, 2011 12:02am Oct 21, 2011 12:02am
Watch out !!!!

http://blogs.telegraph.co.uk/finance...imposes-terms/
  • #4,302
  • Oct 21, 2011 12:37am Oct 21, 2011 12:37am
Quoting FX Tsunami
Watch out !!!!

http://blogs.telegraph.co.uk/finance...imposes-terms/
Thanks. I learn more from Ambrose than from anybody else. What he does just tastes so much better than anything else because he knows how to season his work with the right amount of history.
Kill the ego, or it will kill the mission.
  • #4,303
  • Oct 21, 2011 12:48am Oct 21, 2011 12:48am
Quoting FX Tsunami
Watch out !!!!

http://blogs.telegraph.co.uk/finance...imposes-terms/
If I read this correctly, short is on the way? Currently it's continuing the previous trend which is long?

Cheers..
BC
  • #4,304
  • Oct 21, 2011 12:51am Oct 21, 2011 12:51am
Anyway, i suspect even this leakage was a planned act

So better not rely on this .
  • #4,305
  • Oct 21, 2011 12:52am Oct 21, 2011 12:52am
Quoting blackcat2
If I read this correctly, short is on the way? Currently it's continuing the previous trend which is long?

Cheers..
BC
BC

Current trend is sideways, and has been for 8 days. The 8 days before that it was trending up... but that was really a counter trend of the direction since May which is down.

In otherwords, we are stuck, but a break south is more likely than a break north.
Kill the ego, or it will kill the mission.
  • #4,306
  • Oct 21, 2011 12:55am Oct 21, 2011 12:55am
Quoting AaronWard
Thanks. I learn more from Ambrose than from anybody else. What he does just tastes so much better than anything else because he knows how to season his work with the right amount of history.
ya, he's good. Readers' comments good too sometimes.

On the other hand, he gets paid to write articles. No article - no paycheck. Even when there ain't much new to say, gotta keep churning it out...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #4,307
  • Oct 21, 2011 12:59am Oct 21, 2011 12:59am
Quoting blackcat2
If I read this correctly, short is on the way? Currently it's continuing the previous trend which is long?

Cheers..
BC
My guess is towards South as Aaron said which is more likely to happen.

I already went for a short at 1.3773 with a tight stop loss (absolutely foolish).... Now you know the result of that...

Now in a dilemma whether to short that again or just pack up with that slap.

Happy trading guys !!!
  • #4,308
  • Oct 21, 2011 1:06am Oct 21, 2011 1:06am
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  • #4,309
  • Oct 21, 2011 1:09am Oct 21, 2011 1:09am
Quoting FX Tsunami
My guess is towards South as Aaron said which is more likely to happen.

I already went for a short at 1.3773 with a tight stop loss (absolutely foolish).... Now you know the result of that...

Now in a dilemma whether to short that again or just pack up with that slap.

Happy trading guys !!!
Are you using real money or a demo? If you are using real money open a secondary demo account to experiment with. That way you have a third option when you get hit by a loss.
Kill the ego, or it will kill the mission.
  • #4,310
  • Oct 21, 2011 1:15am Oct 21, 2011 1:15am
Quoting AaronWard
Are you using real money or a demo? If you are using real money open a secondary demo account to experiment with. That way you have a third option when you get hit by a loss.
That was actually real money

I have a demo, but you know i find it hard to trade on it. If something get right in demo i become more greedy coming in to Live with a bigger size. Usual will get hit by a blow, then i go again to demo. Trading cycle of mine
  • #4,311
  • Oct 21, 2011 1:23am Oct 21, 2011 1:23am
Quoting FX Tsunami
That was actually real money

I have a demo, but you know i find it hard to trade on it. If something get right in demo i become more greedy coming in to Live with a bigger size. Usual will get hit by a blow, then i go again to demo. Trading cycle of mine
Knowing the problem is half the solution. Greed, fear, know them, love them, welcome it the darkside where the money is at. You rule, not them, or you get your ass kicked. Life on forex is simple...simple and hard.

Quitting with a loss is a psychological mistake. So go back to your demo and practice entries, exits and self mastery.

Remember, any size live is infinitely bigger than any size on a demo. Also, always count your loss first. Ie when placing a live entry, think "I could lose x", not "I'm going to make Y."
Kill the ego, or it will kill the mission.
  • #4,312
  • Oct 21, 2011 1:24am Oct 21, 2011 1:24am
Quoting The Fool
ya, he's good. Readers' comments good too sometimes.

On the other hand, he gets paid to write articles. No article - no paycheck. Even when there ain't much new to say, gotta keep churning it out...
Always some cream with this guy, regardless of the Churn. He is a bit like PT in that aspect.
Kill the ego, or it will kill the mission.
  • #4,313
  • Oct 21, 2011 1:29am Oct 21, 2011 1:29am
France Likely to Lose Top Rating: S&P

Fed debate about more easing heats up
Those who say it cannot be done should not interrupt those who are doing it
  • #4,314
  • Oct 21, 2011 1:33am Oct 21, 2011 1:33am
Quoting AaronWard
Knowing the problem is half the solution. Greed, fear, know them, love them, welcome it the darkside where the money is at. You rule, not them, or you get your ass kicked. Life on forex is simple...simple and hard.

Quitting with a loss is a psychological mistake. So go back to your demo and practice entries, exits and self mastery.

Remember, any size live is infinitely bigger than any size on a demo. Also, always count your loss first. Ie when placing a live entry, think "I could lose x", not "I'm going to make Y."
True true. When i am filled with those emotions i find FX more and more interesting. And as you said, i always count the loss. That made me to go for tighter stop. My mind said no to go for that trade. I should have obeyed. But that was really a much needed experience. And i am going back to demo for sometime atleast. And i believe we cant make money before losing some especially in FX(i may be wrong from your perspective).

Anyway, thank you for the tips.
  • #4,315
  • Oct 21, 2011 1:37am Oct 21, 2011 1:37am
It is 14:30 local time. I have decided not to trade anymore today. Now leaving for a good lunch. May be back for US session.

Bye bye. Happy Trading for all
  • #4,316
  • Oct 21, 2011 1:37am Oct 21, 2011 1:37am
France, Germany May Lose AAA Rating, Grant Says

Oct. 20 (Bloomberg) -- Mark Grant, a managing director at Southwest Securities Inc., talks about the outlook for resolution of Europe's sovereign debt crisis and the possibility that France and Germany may lose their AAA ratings. Grant also discusses a Bloomberg report that European governments may unleash as much as 940 billion euros ($1.3 trillion) to fight the crisis. He speaks with Lisa Murphy on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Those who say it cannot be done should not interrupt those who are doing it
  • #4,317
  • Oct 21, 2011 1:40am Oct 21, 2011 1:40am
Quoting AaronWard
Always some cream with this guy, regardless of the Churn. He is a bit like PT in that aspect.
Good day Aaron.
Glad I produce the right amount of cream for you
Those who say it cannot be done should not interrupt those who are doing it
  • #4,318
  • Oct 21, 2011 1:40am Oct 21, 2011 1:40am
This could spell trouble for the Euro today:

http://www.bloomberg.com/apps/quote?ticker=GBTPGR10:IND

Over 6% is a deathknell for Italian debt.
Observation is the path to discovery.
  • #4,319
  • Oct 21, 2011 1:43am Oct 21, 2011 1:43am
Quoting FX Tsunami
True true. When i am filled with those emotions i find FX more and more interesting. And as you said, i always count the loss. That made me to go for tighter stop. My mind said no to go for that trade. I should have obeyed. But that was really a much needed experience. And i am going back to demo for sometime atleast. And i believe we cant make money before losing some especially in FX(i may be wrong from your perspective).

Anyway, thank you for the tips.
One more tip. Write down everything you see as an important rule and then take five deep breaths before you place a trade, read the rules, and then place the trade (or not). Seriously, this will help you more than almost anything you can do.

Basic math says that if you have an SL of 10, and a TP of 1000, you are 99% more likely to hit your SL. The reverse is also true. So next time you use a tight SL, think about this.
Kill the ego, or it will kill the mission.
  • #4,320
  • Oct 21, 2011 1:44am Oct 21, 2011 1:44am
Quoting PipTrapper
Good day Aaron.
Glad I produce the right amount of cream for you
Its a good morning isn't it, PT...You have managed to find a few more dead bodies for us to enjoy...
Kill the ego, or it will kill the mission.
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