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EurAnalysis Kindergarten 24 replies

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  • #7,401
  • Nov 3, 2011 11:42am Nov 3, 2011 11:42am
Quoting PipTrapper
^^^^^^^^^^^^^^^^
Jokes are one thing. But, If I ever start building own house, then It will be built on top of a shelter for sure. Will be probably 4x more expensive than normal house, but will do everything to make it tornado-flooding-earthquake-war resistant. I just like things that are tough and 'unbreakable'.
  • #7,402
  • Nov 3, 2011 11:44am Nov 3, 2011 11:44am
Quoting ntrprz
I wish I were an economist and had loads of time to do nothing but spend time researching my theories and putting the facts and figures to them that I feel would bolster my argument.

But this is where I think Benny and all the central bankers are really screwing it up and it should be right in front of them. But they are so married to multipliers and theories that they can't see what should be obvious.

Are you really going to make a business decision to expand, or build, or do anything based on .25%? .50%? It is possible that the interest...
That was very long winded. Makes sense and I believe you hit the nail right on the head on all points.

The CBs and governments are driving us towards sovereign bankruptcy. I have seen this coming for years and the closer it comes, the more glad I am that I trade currencies for a living and I don't depend on a full time job that may not be there tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,403
  • Nov 3, 2011 11:46am Nov 3, 2011 11:46am
Quoting Blobik
Jokes are one thing. But, If I ever start building own house, then It will be built on top of a shelter for sure. Will be probably 4x more expensive than normal house, but will do everything to make it tornado-flooding-earthquake-war resistant. I just like things that are tough and 'unbreakable'.
Excellent. Once it is built, let me know where it is so I can come and hide there with you when the poop hits the fan
Those who say it cannot be done should not interrupt those who are doing it
  • #7,404
  • Nov 3, 2011 11:47am Nov 3, 2011 11:47am
I enjoy watching this forum and getting lots of input. I appreciate being able to "listen in" on all the thoughts. It helps give different angles of perspective on how others look at the market. We all need that especially me cause I tend to wear a rut in the road.
Up 60 pips ......a good day for me!


Thanks to all and have a good day or night where ever you are.
  • #7,405
  • Nov 3, 2011 11:48am Nov 3, 2011 11:48am
Hi,
what are the xx? May be 1.3980?
How did you get this number? Elliott may be?
Thanks


Quoting PipTrapper
Nooooooooooo

1.39xx

ADD: We'll probably get it tonight or tomorrow. As such I will probably go into the weekend with a short position unless some G20 development scares me off.
  • #7,406
  • Nov 3, 2011 11:48am Nov 3, 2011 11:48am
Quoting Blobik
Oh wait a minute. Anything governments and CBs do, world is doomed... wow. Better start digging my private anti-nuclear shelter then.
Now you got it .

Inserted Video
"I know one thing, that I know nothing." Sokrates
  • #7,407
  • Nov 3, 2011 11:56am Nov 3, 2011 11:56am
Ok, I arrived home, here is a chart.

Grey zone is mofo heavy ressistance. Just look at H1 candles around 24th on the left side of chart. I dont believe it will be broken.

T.
Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 22 KB
"I know one thing, that I know nothing." Sokrates
  • #7,408
  • Nov 3, 2011 11:57am Nov 3, 2011 11:57am
Quoting marcb
Hi,
what are the xx? May be 1.3980?
How did you get this number? Elliott may be?
Thanks
Unfinished business is at 1.3970/80 area but it may not make it that far.
It was Monday's broken support and price never went back up to test it as resistance. Usually that is a sign that price will re-visit in the short term. It doesn't always though.

However, even if it doesn't reach it, it has to at least make an attempt, so I wrote 1.39xx to leave the target open. In order to create a right shoulder on the daily chart, we need to see the 1.3910 area and I would be satisfied with that.

Here's the daily chart...

.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-d1.gif Size: 23 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #7,409
  • Nov 3, 2011 11:58am Nov 3, 2011 11:58am
Quoting Tom_D_Trader
Ok, I arrived home, here is a chart.

Grey zone is mofo heavy ressistance. Just look at H1 candles around 24th on the left side of chart. I dont believe it will be broken.

T.
That is the right shoulder I am looking for dude. You have a good eye.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,410
  • Nov 3, 2011 12:05pm Nov 3, 2011 12:05pm
Lets Make It Simple
Long term outlook - EU Still bearish Targeting 1.26 unless break the white trendlines
Attached Image (click to enlarge)
Click to Enlarge Name: EU Monthly.png Size: 40 KB
If there was easy money lying around,no one would be forcing it into your
  • #7,411
  • Nov 3, 2011 12:17pm Nov 3, 2011 12:17pm
Quoting PipTrapper
There are benefits to remaining flat after you earn your week's gains in one day.

Confucius says: "Man with hole in pocket feel cocky all day"

ROFLMAO

All good though. I'm still up $8.79 for the week Flat right now.

My income is my pension and we live within those modest means. I trade to be able to enjoy some of the finer things in life and leave something behind for my kids.

I was trying something new on a 5 minute chart (not Rods system)........ and it didn't work LOL. I don't test on demo. Nothing like real money to get the blood pumping.
I don't care which way the market is going as long as it's going my way
  • #7,412
  • Nov 3, 2011 12:22pm Nov 3, 2011 12:22pm
Quoting PipKiller
ROFLMAO

All good though. I'm still up $8.79 for the week Flat right now.

My income is my pension and we live within those modest means. I trade to be able to enjoy some of the finer things in life and leave something behind for my kids.

I was trying something new on a 5 minute chart (not Rods system)........ and it didn't work LOL. I don't test on demo. Nothing like real money to get the blood pumping.
I hear you PK. I have no pension. I only have Forex and a few small IT contracts here and there. That kind of teaches me to be diligent. As such I even get my blood pumping with solid confident trades. It's part of the rush. No pain. no gain
Those who say it cannot be done should not interrupt those who are doing it
  • #7,413
  • Nov 3, 2011 12:24pm Nov 3, 2011 12:24pm
Quoting FXMindset
Lets Make It Simple
Long term outlook - EU Still bearish Targeting 1.26 unless break the white trendlines
I agree 100%
Those who say it cannot be done should not interrupt those who are doing it
  • #7,414
  • Nov 3, 2011 12:31pm Nov 3, 2011 12:31pm
Quoting PipTrapper
I hear you PK. I have no pension. I only have Forex and a few small IT contracts here and there. That kind of teaches me to be diligent. As such I even get my blood pumping with solid confident trades. It's part of the rush. No pain. no gain
You still have a small IT considered very good - I'm only have forex for continue living - I hate forex but I got no choice - because I am hate business interact with human - many hidden agenda - thats why I choice forex

Send me a congratulations flowers later attached with your name below when am successfully achieve a million in forex and married
If there was easy money lying around,no one would be forcing it into your
  • #7,415
  • Nov 3, 2011 12:33pm Nov 3, 2011 12:33pm
Quoting PipTrapper
Unfinished business is at 1.3970/80 area but it may not make it that far.
It was Monday's broken support and price never went back up to test it as resistance. Usually that is a sign that price will re-visit in the short term. It doesn't always though.

However, even if it doesn't reach it, it has to at least make an attempt, so I wrote 1.39xx to leave the target open. In order to create a right shoulder on the daily chart, we need to see the 1.3910 area and I would be satisfied with that.

Here's the daily chart...

.
If given more thought to it,it makes sense since gbp/usd has been a$$ frozen to the 159-60 area this week,as usually one pair follows another in number,so its a big chance we are getting there.
  • #7,416
  • Nov 3, 2011 12:38pm Nov 3, 2011 12:38pm
Quoting PipTrapper
I hear you PK. I have no pension. I only have Forex and a few small IT contracts here and there. That kind of teaches me to be diligent. As such I even get my blood pumping with solid confident trades. It's part of the rush. No pain. no gain
I'm generally not too good with low time frame charts and scalping but it never stops me from trying new ideas for at least 30 trades.

Always go back to what I do best. Supply and demand on the 60 and 240 and try to ignore the noise.

I see an opportunity with this pair bouncing between 2 supply and demand levels I've had marked most of the week. While the stock markets are rallying. Euro futures, while up a bit, havn't rallied like stocks, oil and precious metals.

Limit order hit. Short @ 1.3825
SL 1.3876
T1 1/2 position @ 1.3757 and move SL to BE+2
T2 1/2 position @ 1.3670

Attached Image (click to enlarge)
Click to Enlarge Name: 60.jpg Size: 172 KB
I don't care which way the market is going as long as it's going my way
  • #7,417
  • Nov 3, 2011 12:40pm Nov 3, 2011 12:40pm
Quoting PipKiller
ROFLMAO

All good though. I'm still up $8.79 for the week Flat right now.

My income is my pension and we live within those modest means. I trade to be able to enjoy some of the finer things in life and leave something behind for my kids.

I was trying something new on a 5 minute chart (not Rods system)........ and it didn't work LOL. I don't test on demo. Nothing like real money to get the blood pumping.
Try being a student with no income and wants to do nothing but trade Forex for a living! If it doesnt go right I cannot see myself as an accountant or economist! Much prefer the thrill of the forex
  • #7,418
  • Nov 3, 2011 12:50pm Nov 3, 2011 12:50pm
Quoting PipKiller
I'm generally not too good with low time frame charts and scalping but it never stops me from trying new ideas for at least 30 trades.

Always go back to what I do best. Supply and demand on the 60 and 240 and try to ignore the noise.

I see an opportunity with this pair bouncing between 2 supply and demand levels I've had marked most of the week. While the stock markets are rallying. Euro futures, while up a bit, havn't rallied like stocks, oil and precious metals.

Limit order hit. Short @ 1.3825
SL 1.3876
T1 1/2 position @ 1.3757 and...
Possible might target the left wave 1.39 bro - but thats my opinion
If there was easy money lying around,no one would be forcing it into your
  • #7,419
  • Nov 3, 2011 12:53pm Nov 3, 2011 12:53pm
[quote=PipKiller;5100163
Limit order hit. Short @ 1.3825
SL 1.3876
[/QUOTE]

Hmmm I wouldn't have done that.

Perhaps you know something I don't.
Those who say it cannot be done should not interrupt those who are doing it
  • #7,420
  • Nov 3, 2011 1:00pm Nov 3, 2011 1:00pm
Quoting RodMca
Try being a student with no income and wants to do nothing but trade Forex for a living! If it doesnt go right I cannot see myself as an accountant or economist! Much prefer the thrill of the forex
Try to be a student studying 2 full courses, having a job AND trading. You will learn to squeeze the time to pack up to 48hrs in one day. + some time for sleeping . But, unfortunately, I need to find a way to readjust my timetable to be able to trade london/NY session. Cannot work less, as my employer does not like part-time... 4/5 is the absolute minimum, if you want to work for them you need to pick 4/5.

But I personally would prefer to build own company. Don't have necessary resources yet, though. So I keep trying to increase my capital every possible way.
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