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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #11,481
  • Nov 23, 2011 9:30am Nov 23, 2011 9:30am
Quoting RodMca
Hi all, just a question for anyone using MT4 platform. price has frozen on all charts I cant open or close orders. I can do everything else though anyone got any ideas why this happened?
close the platform and re-open.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,482
  • Nov 23, 2011 9:30am Nov 23, 2011 9:30am
missed the train, patiently waiting for an entry point.. hope it gives 3450..did manage few pips from 3520 area

btw PT you rock
  • #11,483
  • Nov 23, 2011 9:31am Nov 23, 2011 9:31am
Quoting Blobik
If Tom keeps his profitability till the end of the month, half of the forum will start considering to use "Short-Like-A-Moron" system. Tom, if you could get paid for others using your SLAM system, you would be rich soon
I am glad you guys like it. I hope you will enjoy once I will be burning in hell when I hit 3% loss . I certainly will, it is getting cold in Czech.
"I know one thing, that I know nothing." Sokrates
  • #11,484
  • Nov 23, 2011 9:33am Nov 23, 2011 9:33am
Quoting PipTrapper
close the platform and re-open.
Tried that PT even tried shutting down the computer and re-starting it but no luck. Sorry to be asking it here but no other thread has this much activity.
  • #11,485
  • Nov 23, 2011 9:34am Nov 23, 2011 9:34am
NEW YORK (CNNMoney) -- The Federal Reserve wants to know: could America's largest banks endure another shock like the one in 2008?

http://money.cnn.com/2011/11/22/news...conomy+News%29
  • #11,486
  • Nov 23, 2011 9:35am Nov 23, 2011 9:35am
Quoting PipTrapper
Just checked on the ECB's SMP ad-hoc communication.....
Hehe. You know, I have been really missing this sterilization. And you know what time I consider the most suitable. My shorts are waiting at 361 Draghi. Bring it on.
"I know one thing, that I know nothing." Sokrates
  • #11,487
  • Nov 23, 2011 9:36am Nov 23, 2011 9:36am
Quoting RodMca
Tried that PT even tried shutting down the computer and re-starting it but no luck. Sorry to be asking it here but no other thread has this much activity.
Then call your broker. It's a server problem.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,488
  • Nov 23, 2011 9:37am Nov 23, 2011 9:37am
Quoting Gofer Pips
RESPECTFULLY,

Remember, there are many ways to skin a cat.

STRICTLY technical trades DO serve well when scalping a market.

As you just said, the market determines whether your strategy is correct or not. I think it is wonderful you are in cash, however, I have increased my account by 10% this month alone, and make choices to get in or get out based on my analysis, not on anything someone else decides is right for them or feel is right for me.

I traded back in 2008, and a bastard it was, but proper money management, sound fundamental and...
Equally excellent post. Technical analysis does not only give you a snap shot of price action in any particular instant, instead, it gives you a solid indication of momentum and the likelihood of price direction in the time frame that is being analyzed. It is ideal for shorter term trades or scalping and it is also invaluable for longer term positions. I also agree with AaronWard´s opinion that you can get most of the information from the price action itself, but among other things, I am an instrument rated pilot. When in the clouds I can and probably would survive flying by the seat of my pants, but I am most likely to survive if I fly by the instruments. The indicators are the instruments of a technical analyst.
Observation is the path to discovery.
  • #11,489
  • Nov 23, 2011 9:37am Nov 23, 2011 9:37am
Quoting Tom_D_Trader
That is a good one technique.
Glad you like it. I started doing it just so I could create a framework for price every week... replacing old assumptions with new ones. But then I discovered that certain of these lines became extremely important. Price would hit and bounce like a ball hitting a wall.

The key problem with S/R is that some work and others don't. But this way I can wait for price confirmation that they are important and then exit/enter as appropriate. Also, what used to look like random price movement is starting to make a lot of sense. For example, right now we are bouncing off of the year's open.
Kill the ego, or it will kill the mission.
  • #11,490
  • Nov 23, 2011 9:39am Nov 23, 2011 9:39am
Quoting Alorente
I also agree with AaronWard´s opinion that you can get most of the information from the price action itself, but among other things, I am an instrument rated pilot. When in the clouds I can and probably would survive flying by the seat of my pants, but I am most likely to survive if I fly by the instruments. The indicators are the instruments of a technical analyst.
Well said alorente
Those who say it cannot be done should not interrupt those who are doing it
  • #11,491
  • Nov 23, 2011 9:43am Nov 23, 2011 9:43am
OhBummer is speaking on TV.

"Not a good day to be a turkey unless your name is Liberty"

Hmmm that sounds like a poke at Europe
Those who say it cannot be done should not interrupt those who are doing it
  • #11,492
  • Nov 23, 2011 9:45am Nov 23, 2011 9:45am
Quoting Alorente
Equally excellent post. Technical analysis does not only give you a snap shot of price action in any particular instant, instead, it gives you a solid indication of momentum and the likelihood of price direction in the time frame that is being analyzed. It is ideal for shorter term trades or scalping and it is also invaluable for longer term positions. I also agree with AaronWard´s opinion that you can get most of the information from the price action itself, but among other things, I am an instrument rated pilot. When in the clouds I can and probably...
It takes a real man to come back from a trade that didn't work so well and give a balanced and objective opinion. Serious kudos to you. Yet one more reason to look up to you.
Kill the ego, or it will kill the mission.
  • #11,493
  • Nov 23, 2011 9:46am Nov 23, 2011 9:46am
Oh god... I don't know if I should feel happy or sorry for EZ's economy.
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  • #11,494
  • Nov 23, 2011 9:49am Nov 23, 2011 9:49am
Quoting Pbh
Oh god... I don't know if I should feel happy or sorry for EZ's economy.
It's a sad state of affairs but it's not as bad as it could be. Europe is still very strong. It just needs some structural changes to get it back on its feet. In the meantime, it is getting a well deserved spanking.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,495
  • Nov 23, 2011 9:54am Nov 23, 2011 9:54am
US rating unaffected by 'super committee' failure-Moody's

Moody's Investors Service said on Wednesday the credit rating of the United States was not affected by the failure of a U.S. congressional committee to reach an agreement on deficit reduction.

Moody's has the U.S. rating at the highest level, Aaa, but with a negative outlook.

"Although the committee could have proposed considerably more than $1.2 trillion in deficit reduction measures, which would have been positive for the government's creditworthiness, its failure to do so does not decrease the amount of deficit reduction already legislated," Moody's said in a statement.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,496
  • Nov 23, 2011 9:59am Nov 23, 2011 9:59am
Quoting AaronWard
It takes a real man to come back from a trade that didn't work so well and give a balanced and objective opinion. Serious kudos to you. Yet one more reason to look up to you.
Thanks, I appreciate your comments. I still am long and expect to make a solid profit in the end. I was stopped out but reopened long positions at support. I still expect a strong rebound before Friday that will break the upper wall of the wedge and return price to the 200SMA at around 1.37 in the next two weeks. Only if the lower wedge wall breaks or the RSI makes a new low will I move to the short side again. It is important to continue to believe in what has worked for you for 25 years.
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Observation is the path to discovery.
  • #11,497
  • Nov 23, 2011 9:59am Nov 23, 2011 9:59am
Quoting PipTrapper
US rating unaffected by 'super committee' failure-Moody's
Ofc, Moodys are shorting EUR.
"I know one thing, that I know nothing." Sokrates
  • #11,498
  • Nov 23, 2011 10:02am Nov 23, 2011 10:02am
Quoting PipTrapper
I feel that 1.3340 (161.8% Fibo) is more likely and eventually 1.3310 or wherever the falling channel support lands.

See M30 chart

Attachment

Technically, sure

i just wonder how much of those little spikes we are left in the lows before we start squeezing them
  • #11,499
  • Nov 23, 2011 10:02am Nov 23, 2011 10:02am
Previous Trend Support not valid and looking 1.332 area now - USD Strong - UJ profits long since 77.00 and so far 2% profits - keep Open

I am remember my little brother Buma scream long earlier @ EU and am hope he's ok
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If there was easy money lying around,no one would be forcing it into your
  • #11,500
  • Nov 23, 2011 10:06am Nov 23, 2011 10:06am
Quoting lumesh
Technically, sure

i just wonder how much of those little spikes we are left in the lows before we start squeezing them
The squeeze will probably start tomorrow. US holiday = low volume = historically bullish.
Those who say it cannot be done should not interrupt those who are doing it
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