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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #11,521
  • Nov 23, 2011 10:52am Nov 23, 2011 10:52am
Quoting FX Tsunami
Do you mean a pull back???
yes. there was a break of a low and the break point was not re-tested. (yet)
Those who say it cannot be done should not interrupt those who are doing it
  • #11,522
  • Nov 23, 2011 10:53am Nov 23, 2011 10:53am
Quoting Wulfgar
Seems the general consensus on FF is that the EU will spike up between 1.38- 1.42 then drop

That being said... I'm short now... Before the rug gets pulled out...

This IMF thing is a joke IMO... Just watch the bond markets...
*Yawn*

Posted 21 hrs ago
  • #11,523
  • Nov 23, 2011 10:54am Nov 23, 2011 10:54am
Quoting PipTrapper
yes. there was a break of a low and the break point was not re-tested. (yet)
Got that
  • #11,524
  • Nov 23, 2011 11:01am Nov 23, 2011 11:01am
Quoting Wulfgar
*Yawn*

Posted 21 hrs ago
I'm with you on that
Those who say it cannot be done should not interrupt those who are doing it
  • #11,525
  • Nov 23, 2011 11:03am Nov 23, 2011 11:03am
Looks like only USDs and Coffee are in demand right now. Oh and steaks for the bbq

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Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #11,526
  • Nov 23, 2011 11:04am Nov 23, 2011 11:04am
Quoting PipTrapper
It's the EBA (European Banking Association) so the implication here is that there is a funding freeze between banks. They have no confidence in each other.
They will still do short term funding though. Overnight and intraweek.
ah got it. ye olde credit crunch...
Kill the ego, or it will kill the mission.
  • #11,527
  • Nov 23, 2011 11:05am Nov 23, 2011 11:05am
I really don't understand this of course people are right or wrong.
Its not like flipping a coin.


Quoting michaelnew
that was fun, indeed one more buy, then I'm going home. I know that feeling As I said, nobody is right or wrong in his predictions, and the market is always right
  • #11,528
  • Nov 23, 2011 11:05am Nov 23, 2011 11:05am
Quoting AaronWard
ah got it. ye olde credit crunch...
Yup!!
Those who say it cannot be done should not interrupt those who are doing it
  • #11,529
  • Nov 23, 2011 11:07am Nov 23, 2011 11:07am
Quoting TheSwede
I really don't understand this of course people are right or wrong.
Its not like flipping a coin.
You're not right or wrong until the market says you are.
Those who say it cannot be done should not interrupt those who are doing it
  • #11,530
  • Nov 23, 2011 11:09am Nov 23, 2011 11:09am
Quoting PipTrapper
You're not right or wrong until the market says you are.
...and you have closed your position
Kill the ego, or it will kill the mission.
  • #11,531
  • Nov 23, 2011 11:09am Nov 23, 2011 11:09am
We are best in Europe, don't count the swiss because if I do we won't be best


Quoting PipTrapper
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Attachment
  • #11,532
  • Nov 23, 2011 11:11am Nov 23, 2011 11:11am
Quoting knoholygrail
I respect your post and your thoughts. I can add to it on the weekend during quiet time. Have a good day and thanks for your intelligent post.

Thanks for your support, Kno

Truly appreciate it !
  • #11,533
  • Nov 23, 2011 11:17am Nov 23, 2011 11:17am
Just a small piece of advice. Always set a fixed or mental sl and NEVER scale into loosers. If not this will eventually kill you account. I know what I'm talking about

Quoting michaelnew
agreed. And looking forward to it
  • #11,534
  • Nov 23, 2011 11:19am Nov 23, 2011 11:19am
Quoting PipTrapper
It's the EBA (European Banking Association) so the implication here is that there is a funding freeze between banks. They have no confidence in each other.
They will still do short term funding though. Overnight and intraweek.
Isn't this precisely what happened after 2008. Banks just didn't lend to each other or trust each other.
  • #11,535
  • Nov 23, 2011 11:20am Nov 23, 2011 11:20am
Well of course but if you keep saying to yourself that you are not wrong it you are many pips underwater then you are in fact lying to yourself and that can never be any good.

Quoting PipTrapper
You're not right or wrong until the market says you are.
  • #11,536
  • Nov 23, 2011 11:22am Nov 23, 2011 11:22am
Quoting TheSwede
Just a small piece of advice. Always set a fixed or mental sl and NEVER scale into loosers. If not this will eventually kill you account. I know what I'm talking about

Thanks for the advice, appreciated. And yes, I've been there too, so I know pretty well what you're talking about.
  • #11,537
  • Nov 23, 2011 11:23am Nov 23, 2011 11:23am
Quoting TheSwede
Well of course but if you keep saying to yourself that you are not wrong it you are many pips underwater then you are in fact lying to yourself and that can never be any good.
Spot-on
  • #11,538
  • Nov 23, 2011 11:23am Nov 23, 2011 11:23am
Quoting TheSwede
Just a small piece of advice. Always set a fixed or mental sl and NEVER scale into loosers. If not this will eventually kill you account. I know what I'm talking about
yep me too - in the past I added to losing positions, sometimes it works but when it doesn't you're doomed!!
patience is a virtue
  • #11,539
  • Nov 23, 2011 11:24am Nov 23, 2011 11:24am
Quoting TheSwede
Well of course but if you keep saying to yourself that you are not wrong it you are many pips underwater then you are in fact lying to yourself and that can never be any good.
obviously if you buy at the top of a swing and then keep buying it as it drops, that is a wrong entry and you are wrong for even making the first buy. However, if market turns around, you can still be a winner
Those who say it cannot be done should not interrupt those who are doing it
  • #11,540
  • Nov 23, 2011 11:26am Nov 23, 2011 11:26am
Quoting FX Tsunami
i'm going long in demo.... Solely based on this trend line support... EUR seems to be oversold to me...

ADD: i could see a good buy @ 1.3275 if this trend line broken

A good strategy is to open two positions at a point like this. Then, when you get about 20 pips, close one and set the SL on the other to zero. usually it is also best to wait for confirmation with a reversal signal of some sort such as a pin bar or tweezer bars.
Kill the ego, or it will kill the mission.
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