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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #6,981
  • Nov 1, 2011 2:01pm Nov 1, 2011 2:01pm
Don't trust this down move....Waiting for 1,378x....but definitely 1,395x-7x (hopefully this week)
COT: The precious data ignored
  • #6,982
  • Nov 1, 2011 2:02pm Nov 1, 2011 2:02pm
Quoting FXMindset
always try to understand why and how,then I'm believe you will achieve a greater result later mate
Hope so... Right now I feel quite wrecked (mentally). Perhaps will go to bed & get some sleep.... Goodnight.
  • #6,983
  • Nov 1, 2011 2:03pm Nov 1, 2011 2:03pm
Quoting kuroro001
Can't say i'm sorry though...cause your loss turned into my gain...
It'll probably be the other way tomorrow so no worries!
Hohoo, no need to feel sorry for me. I kinda like to get burned. I deserve that and take that as a punishment for beeing greedy. My last h4 chart shows zone was actually not broken. I just got fooled by H1 candles, coz I have one great mess in charts while at work. Unfortunately, I have all my stats and predictions at home and am unable to use MT4 at work, blah, blah, blah. So I do mistakes while there. And burn.

Well, I shall short this bitch into oblivion once I get propper correction.

T.
"I know one thing, that I know nothing." Sokrates
  • #6,984
  • Nov 1, 2011 2:05pm Nov 1, 2011 2:05pm
Quoting Blobik
Hope so... Right now I feel quite wrecked (mentally). Perhaps will go to bed & get some sleep.... Goodnight.

I'm going this road thru all the blood,tears and money
In the end I am found that the only thing that can kill us In the market its not located in our system,but Its in our Mind,Attitude,Behaviour etc such : Fear,Greed,Proud,etc
Keep posting your chart and ask PT the advise Slowly you will gain in this market


Good night
If there was easy money lying around,no one would be forcing it into your
  • #6,985
  • Nov 1, 2011 2:06pm Nov 1, 2011 2:06pm
Quoting Blobik
And I screwed today. I mean, I had some winning trades and let the day turn into losing one, cause I entered some bad trades. Maybe I need a break?

I guess I will try to calm down now and get ready for Bernanke. This is the event after which I expect the most movement. If I manage to get a good short there and get some profit, then maybe I will continue struggling. If not, then I will stick to demo perhaps....

Feel myself like a complete moron.
Blobik I've been in your exact same position before! If you think about it you were going in blind or trying to catch a trend! I'm pretty sure thats what you were doing? If so you need to take a step back, re-group! you have to understand what you are doing and why price is going that way! look for a price that you want to enter at and when it reaches that and all fundamentals and technicals are in your favour the take your trade! We all get it wrong sometimes but thats why we practice strict money management! Maximise your gains and minimise your losses! That for me is the key to trading everything else falls into place money management is the most important part! PM me if you want some advice as to what I did!
  • #6,986
  • Nov 1, 2011 2:06pm Nov 1, 2011 2:06pm
Hmmmm aren't they out of hopium by now. Where does it come from? Surely not South America. Maybe a new export product from Greece?

Quoting PipKiller
Time for a rally on hopium. I like that area. Bottom of supply zone on 240 minute, Resistance level and just above the 50% fib of this latest move down. Couple areas I'm looking at for a short. Will post some charts later when I have a little more time. Right now messing around with the ongoing remodeling of my office.

Not what I was expecting to happen today. All good, didn't get burned.

I'm flat exept for a $cad short @ 1.0170. I'm not going long on E$ right now.

Really, really good day yesterday that pretty much met my goals...
  • #6,987
  • Nov 1, 2011 2:08pm Nov 1, 2011 2:08pm
darn, lol, had to chance to short in the 3750 area but was scared of the 3820 area above :=) oh well, as I learned the hard way the last week and a half of losing almost 75% of my account value, better too have missed a trade than to lose on them.

EDIT: And also better to have been stopped out at breakeven for protection even if a potential profit was missed than to lose on them

Quoting tashkent
it is trying hard the break 1.3760 resistance with no luck. but i share your sentiment, we are possibly back to down.
  • #6,988
  • Nov 1, 2011 2:08pm Nov 1, 2011 2:08pm
Quoting kuroro001
Don't trust this down move....Waiting for 1,378x....but definitely 1,395x-7x (hopefully this week)
maybe tomorrow's meeting of Merkozy and Draghi will do something
As Above, So Below
  • #6,989
  • Nov 1, 2011 2:11pm Nov 1, 2011 2:11pm
Quoting nyfx718
darn, lol, had to chance to short in the 3750 area but was scared of the 3820 area above :=) oh well, as I learned the hard way the last week and a half of losing almost 75% of my account value, better too have missed a trade than to lose on them.
there are some support lines below now, shorting may work for scalping, catch a few pips and run away
As Above, So Below
  • #6,990
  • Nov 1, 2011 2:11pm Nov 1, 2011 2:11pm
You H&S guys is it invalidated now?
  • #6,991
  • Nov 1, 2011 2:12pm Nov 1, 2011 2:12pm
Lot of cross currents after this morning, Although we had a break of the downtrend line on the 4 hour it is proving a test, rather then a break.
Am waiting to see the close, if the US equity markets think there is anything left the Fed can do.
Everybody knows the calender, so weakness into the close says something.

We did have selling at 1.3750.

USD/Cad traded above the daily 20 sma indicating risk off
AUD/USD was supported by the daily 20 sma indicating there are still some risk on bulls
  • #6,992
  • Nov 1, 2011 2:18pm Nov 1, 2011 2:18pm
i will long again if the current 4H candle holds above today's low..
As Above, So Below
  • #6,993
  • Nov 1, 2011 2:26pm Nov 1, 2011 2:26pm
True true, I noticed for this entire day, shorting based on 5 minute charts offered almost perfect scalping opportunities. I am not read to risk scalping long side as the overall trend is down.

Quoting tashkent
there are some support lines below now, shorting may work for scalping, catch a few pips and run away
  • #6,994
  • Nov 1, 2011 2:31pm Nov 1, 2011 2:31pm
unable to sustain a drive below 1.3700
  • #6,995
  • Nov 1, 2011 2:47pm Nov 1, 2011 2:47pm
Yep, anyone that was short from the 3750/60 level should have closed based on the 5 minute charts woulda easily pocketed 50 or so pips. The way this is looking, wondering if Japan will be buying USD come 7pm EST.

Quoting foto
unable to sustain a drive below 1.3700
  • #6,996
  • Nov 1, 2011 2:48pm Nov 1, 2011 2:48pm
Greek referendum is on guys....
As Above, So Below
  • #6,997
  • Nov 1, 2011 2:53pm Nov 1, 2011 2:53pm
Any reference?

Edit; Other than the charts?

Quoting tashkent
Greek referendum is on guys....
  • #6,998
  • Nov 1, 2011 2:55pm Nov 1, 2011 2:55pm
Quoting TheSwede
Any reference?

Edit; Other than the charts?
forexfactory news has the link
As Above, So Below
  • #6,999
  • Nov 1, 2011 2:55pm Nov 1, 2011 2:55pm
You being the thread starter and well known guru in these parts, I like it when you posts your stats, shows leadership When anyone else does it, it feels forced and ego driven, but like you said everyone is different.

Quoting PipTrapper
That's excellent FxRising. That's the way to do it.
As for sharing stats, everybody is different. Some might say they don't understand why you wouldn't. I say to each his own.
It's easy to be humbled but hard to be humble.
  • #7,000
  • Nov 1, 2011 2:58pm Nov 1, 2011 2:58pm
Quoting TheSwede
Hmmmm aren't they out of hopium by now. Where does it come from? Surely not South America. Maybe a new export product from Greece?

Simple really. Greed.

Money seeks yield. Investors don't want money parked in low yield currencies and bonds or just sitting in the bank making next to nothing in interest. When they get a glimpse of hope they move into higher yielding currencies and other riskier investments hoping for a better ROI.
I don't care which way the market is going as long as it's going my way
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