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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #8,101
  • Nov 7, 2011 9:00am Nov 7, 2011 9:00am
One thing is certain, the longer I manage to survive in the market the better chance I eventually develop good mindset, system and experience to win.

If I loose the account, well:

1) demos still exist!
2) there is a lot other ways to make some money.

Thanks for all the guidelines and hints . Hope I will manage to make good use of them.
  • #8,102
  • Nov 7, 2011 9:07am Nov 7, 2011 9:07am
Quoting Blobik
One thing is certain, the longer I manage to survive in the market the better chance I eventually develop good mindset, system and experience to win.

If I loose the account, well:

1) demos still exist!
2) there is a lot other ways to make some money.

Thanks for all the guidelines and hints . Hope I will manage to make good use of them.
Hopefully the Euro will still exist by the time you've developed a good system.
  • #8,103
  • Nov 7, 2011 9:13am Nov 7, 2011 9:13am
Quoting Gofer Pips
get your pips and get the H-E- double toothpicks out of dodge.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,104
  • Nov 7, 2011 9:18am Nov 7, 2011 9:18am
Quoting Inphi
Hopefully the Euro will still exist by the time you've developed a good system.
No biggie. If the Euro is gone, we'll have 17 new currencies to trade.
I'll be the first to go long on DM/GRD (Deutsche Mark / Greek Drachma)
ADD: Or perhaps the Neuro/Seuro lol
Those who say it cannot be done should not interrupt those who are doing it
  • #8,105
  • Nov 7, 2011 9:21am Nov 7, 2011 9:21am
Quoting PipTrapper
No biggie. If the Euro is gone, we'll have 17 new currencies to trade.
I'll be the first to go long on DM/GRD (Deutsche Mark / Greek Drachma)
ADD: Or perhaps the Neuro/Seuro lol
Mr. PeePants , again!
  • #8,106
  • Nov 7, 2011 9:28am Nov 7, 2011 9:28am
Well today was just another one of those low volume directionless days.
I'm disappointed that price didn't get my short entry target at my projected wave 5 (see chart), but hey that's the market for you.
I suspect nobody is too motivated to enter the markets until after tomorrow's EcoFin meetings. In the meantime, we're range bound. Not my kind of market.

ADD: I forgot I still made 86 pips today so really I cannot complain

.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 17 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #8,107
  • Edited 10:31am Nov 7, 2011 10:05am | Edited 10:31am
Quoting PipTrapper
Well today was just another one of those low volume directionless days.
I'm disappointed that price didn't get my short entry target at my projected wave 5 (see chart), but hey that's the market for you.
I suspect nobody is too motivated to enter the markets until after tomorrow's EcoFin meetings. In the meantime, we're range bound. Not my kind of market.

ADD: I forgot I still made 86 pips today so really I cannot complain

.
Should be punish - you dont let us know your trading signal
Btw,In 4H we just complete two wave upside only - Personaly I am believe we might going to test third wave before going down
Attached Image (click to enlarge)
Click to Enlarge Name: EU 4H.png Size: 41 KB
If there was easy money lying around,no one would be forcing it into your
  • #8,108
  • Edited 10:45am Nov 7, 2011 10:34am | Edited 10:45am


Price missed re-adjusted (closer!) TP by a pip or less when I was writing the exam...

How do you think, will she make at least an attempt to get lower? She moves neither way now...

Oh, whatever. Readjusted TP a little bit closer. Either she will come to the level once more, or get killed herself at my BE.
  • #8,109
  • Nov 7, 2011 10:37am Nov 7, 2011 10:37am
I think the patient needs life support, she stopped breathing
I don't care which way the market is going as long as it's going my way
  • #8,110
  • Nov 7, 2011 10:39am Nov 7, 2011 10:39am
Flatline she is...suspect what we are seeing now will be the order of the day.
learn by failure,succeed by learning
Aim Small Return Today: -42.9%
  • #8,111
  • Nov 7, 2011 11:41am Nov 7, 2011 11:41am
Hmm, 30 pip spike.. cannot find any potential reason. Maybe just "sick of flatness" spike?
  • #8,112
  • Nov 7, 2011 11:45am Nov 7, 2011 11:45am
Quoting FXMindset
Should be punish - you dont let us know your trading signal
Btw,In 4H we just complete two wave upside only - Personaly I am believe we might going to test third wave before going down
I did give my signal... right here --> http://www.forexfactory.com/showthre...61#post5108361

I agree wave 4 just completed and now we need wave 5

.
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h4.gif Size: 17 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #8,113
  • Nov 7, 2011 11:45am Nov 7, 2011 11:45am
Quoting Blobik
Hmm, 30 pip spike.. cannot find any potential reason. Maybe just "sick of flatness" spike?
prolly major wire ran story of potential increase of eur/chf floor
"If The Fool persists in his Folly he will become wise." - William Blake
  • #8,114
  • Nov 7, 2011 11:46am Nov 7, 2011 11:46am
That and just to irk me for not catching it...riding it down though.
learn by failure,succeed by learning
Aim Small Return Today: -42.9%
  • #8,115
  • Nov 7, 2011 11:53am Nov 7, 2011 11:53am
breaking news CNBC TV new Greek prime minister will be announced tomorrow.

Was supposed to be today
I don't care which way the market is going as long as it's going my way
  • #8,116
  • Nov 7, 2011 11:54am Nov 7, 2011 11:54am
PT, how'd u pull off the 86 pips? Shorted from 10am-ish EST this morning? Or longed from the overnight low of 3680? Trying to figure out how to get in and out of this market that seems unable to make up its mind.

Quoting PipTrapper
Well today was just another one of those low volume directionless days.
I'm disappointed that price didn't get my short entry target at my projected wave 5 (see chart), but hey that's the market for you.
I suspect nobody is too motivated to enter the markets until after tomorrow's EcoFin meetings. In the meantime, we're range bound. Not my kind of market.

ADD: I forgot I still made 86 pips today so really I cannot complain

.
  • #8,117
  • Nov 7, 2011 11:59am Nov 7, 2011 11:59am
general question, since we adjusted our clocks here in the states sunday morning, how is that going to affect our trading if we were looking at particular times? For example, if I noticed certain patterns at 10:10am, do I now have to look at 9:10am EST? Or it doesn't matter, or only matters when we overlap with with Europe or Japan?
  • #8,118
  • Nov 7, 2011 12:07pm Nov 7, 2011 12:07pm
I will like very much Mr. Senator to ride that wave!

Quoting PipTrapper
I did give my signal... right here --> http://www.forexfactory.com/showthre...61#post5108361

I agree wave 4 just completed and now we need wave 5

.
It's easy to be humbled but hard to be humble.
  • #8,119
  • Nov 7, 2011 12:09pm Nov 7, 2011 12:09pm
Quoting nyfx718
PT, how'd u pull off the 86 pips? Shorted from 10am-ish EST this morning? Or longed from the overnight low of 3680? Trying to figure out how to get in and out of this market that seems unable to make up its mind.
It all started with a short position of 1.37676 5 minutes before NY close on Friday.

This morning as price was falling and broke the 1.3750 support, I opened another short on pullback at 1.37389. I closed both positions at 1.3710 area as the tweezer reversal bars were being formed on the M15 chart. Good thing too coz it shot right up after that.

Since then I have been waiting for price to climb up as close to 1.39 as possible in order to try and get a nice position trade in place. No luck today. Perhaps tomorrow.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,120
  • Nov 7, 2011 12:12pm Nov 7, 2011 12:12pm
Quoting nyfx718
general question, since we adjusted our clocks here in the states sunday morning, how is that going to affect our trading if we were looking at particular times? For example, if I noticed certain patterns at 10:10am, do I now have to look at 9:10am EST? Or it doesn't matter, or only matters when we overlap with with Europe or Japan?
It only matters when we overlap.
Now Europe and America are back in Sync so only last week was an oddball.
Next oddball will be for two weeks next spring, unless Europe changes its timeshift to match America's
Those who say it cannot be done should not interrupt those who are doing it
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