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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #13,681
  • Dec 7, 2011 6:19am Dec 7, 2011 6:19am
Quoting FXMindset
Exit : Target short term with RR 1:2 so even the prices keep going my favour am still will target 1:2 RR
will hold my long/short based on daily only,my Daily indicates breakdown now,but am not short yet,like to see how thing progress
Yes,entry the trendline break
Sometimes am see how the bar/candles reacts in certain levels and how each wave/patterns form
If there was easy money lying around,no one would be forcing it into your
  • #13,682
  • Dec 7, 2011 6:22am Dec 7, 2011 6:22am
No time to watch. Have also scalped AUDUSD up and down for 48 pips
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  • #13,683
  • Dec 7, 2011 6:25am Dec 7, 2011 6:25am
Quoting Gofer Pips
No time to watch. Have also scalped AUDUSD up and down for 48 pips
Great trail. Just above 1.3385 daily pivot and known resistance.
Those who say it cannot be done should not interrupt those who are doing it
  • #13,684
  • Dec 7, 2011 6:26am Dec 7, 2011 6:26am
Quoting FXMindset
Nice Chart
hey mindset do u practice trade? i used to do that too like put a line to 'practice trade' and see how i would do using a new methodology or tool and see price reaction to my practice trade, coz i dont see buy/sell line.

i used to pracctice trade a lot back in the days
Have I got something on my face, SOLDIER?
  • #13,685
  • Dec 7, 2011 6:28am Dec 7, 2011 6:28am
Quoting bumapatria
hey mindset do u practice trade? i used to do that too like put a line to 'practice trade' and see how i would do using a new methodology or tool and see price reaction to my practice trade, coz i dont see buy/sell line.

i used to pracctice trade a lot back in the days
Good way to learn new techniques without risking anything while still trading your regular strategy in a live account... rether that trying to track your live trades and practice trades in two separate accounts. Easier to keep focus that way.
I've done it and I still do it sometimes.
Those who say it cannot be done should not interrupt those who are doing it
  • #13,686
  • Edited 6:43am Dec 7, 2011 6:31am | Edited 6:43am
Quoting bumapatria
hey mindset do u practice trade? i used to do that too like put a line to 'practice trade' and see how i would do using a new methodology or tool and see price reaction to my practice trade, coz i dont see buy/sell line.

i used to pracctice trade a lot back in the days
been trade daily for some years and just apply it a smaller TF over a month now and gain 30% over
a few years ago,learn this cant believe simple technique from one of the Singapore trader which work in DB (Deustche Bank) but am learn from him using Daily TF - he gain million of dollar for trade USDJPy pair only

Btw,Goldman is the Master,he is explain and guide me well in smaller TF


Thanks Goldman
If there was easy money lying around,no one would be forcing it into your
  • #13,687
  • Dec 7, 2011 6:32am Dec 7, 2011 6:32am
Quoting Tyoon
I am simply screen-shooting my charts and news feeds and compiling them onto a wall. This helps keep all my current thoughts and previous analysis together in one picture. The section I posted up was just a small snippet.
Good work indeed Bro! Nice to see new concepts
  • #13,688
  • Dec 7, 2011 6:33am Dec 7, 2011 6:33am
Quoting bumapatria
hey mindset do u practice trade? i used to do that too like put a line to 'practice trade' and see how i would do using a new methodology or tool and see price reaction to my practice trade, coz i dont see buy/sell line.

i used to pracctice trade a lot back in the days
I spend a couple hours a day going through old charts. I simulate "live" by identifying trade set ups, "deciding" on them and then using the Arrow button to move the chart to show the success or failure of my trade.
Kill the ego, or it will kill the mission.
  • #13,689
  • Dec 7, 2011 6:43am Dec 7, 2011 6:43am
Quoting PipTrapper
Good way to learn new techniques without risking anything while still trading your regular strategy in a live account... rether that trying to track your live trades and practice trades in two separate accounts. Easier to keep focus that way.
I've done it and I still do it sometimes.
absolutelly
If there was easy money lying around,no one would be forcing it into your
  • #13,690
  • Dec 7, 2011 6:45am Dec 7, 2011 6:45am
Quoting AaronWard
PK

Really first rate post. I gave up using the BB because although it was easy to read a pierce, the problem always was momentum. If there was a lot of momentum behind the pierce, you would get badly burned trading against it.

With the Heikin Ashi candle that problem is solved. very nice. I will have to take another long and serious look at BB.

BTW, using the Heikin Ashi candles for exits has help me with my premature ejection seat problem.
Thank you Aaron. I like the bands best for using the mean as a dynamic trendline for determining exit on short term trades when I let them run.



Quoting rekon67
I am bookmarking this one..may be someday when I will be eligible for vouching will vouch for this.

This is an excellent guidance, traders who are only trying on technical indicators and set up can refer to this guidance.

Just one more question I have, many times I heard this "Closing the first half and letting the 2nd half run.." what does this means exactly? Are we opening two trades at the same time..closing one when price got support but since the trade is with the trend we close one and let the other one run with SL @ BE?

Many thanks....
Thank you Rekon

Yes, you are opening more than one position but it can be done so you are not risking larger position size than you already do if you are trading standard or mini lots. Trading 1 standard lot, open 10 mini lots instead. Trading 1 mini lot, open 10 micro lots instead. This way you can peel off part of your position at you first target, move stop to BE on the rest and let it run.
I don't care which way the market is going as long as it's going my way
  • #13,691
  • Dec 7, 2011 6:47am Dec 7, 2011 6:47am
Quoting FXMindset
been trade daily for some years and just apply it a smaller TF over a month now and gain 30% over
a few years ago,learn this cant believe simple technique from one of the Singapore trader which work in DB (Deustche Bank) but am learn from him using Daily TF - he gain million of dollar for trade USDJPy pair only

Btw,Goldman is the Master,he is explain and guide me well in smaller TF


Thanks Goldman
"Overall Its still depend our mindset and attitude
he is the one that show me a several traders which consistently profits for some years finished in several days only"
If there was easy money lying around,no one would be forcing it into your
  • #13,692
  • Dec 7, 2011 6:51am Dec 7, 2011 6:51am
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  • #13,693
  • Dec 7, 2011 6:58am Dec 7, 2011 6:58am
Quoting PipKiller
...

Yes, you are opening more than one position but it can be done so you are not risking larger position size than you already do if you are trading standard or mini lots. Trading 1 standard lot, open 10 mini lots instead. Trading 1 mini lot, open 10 micro lots instead. This way you can peel off part of your position at you first target, move stop to BE on the rest and let it run.
..Another excellent input !!!..will remember this when I trade
  • #13,694
  • Dec 7, 2011 7:01am Dec 7, 2011 7:01am
Quoting FXMindset
been trade daily for some years and just apply it a smaller TF over a month now and gain 30% over
a few years ago,learn this cant believe simple technique from one of the Singapore trader which work in DB (Deustche Bank) but am learn from him using Daily TF - he gain million of dollar for trade USDJPy pair only

Btw,Goldman is the Master,he is explain and guide me well in smaller TF


Thanks Goldman
okay cool keep it up looks like ure doing great
Have I got something on my face, SOLDIER?
  • #13,695
  • Dec 7, 2011 7:16am Dec 7, 2011 7:16am
Quoting PipTrapper
Just blame it on Tom. He's the one shorting like a moron
Thank you tom, in 15 mins I'm going long I just couldn't see myself shorting yesterday, I don't regret it (yet) hahaha
  • #13,696
  • Dec 7, 2011 7:18am Dec 7, 2011 7:18am
Quoting Gofer Pips
Yes it is. Got in a little late on this one as I took the trade in my main acount first. Took my signals off the 5

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I don't care which way the market is going as long as it's going my way
  • #13,697
  • Dec 7, 2011 7:18am Dec 7, 2011 7:18am
This is the "supply" I drew yesterday, and the "excuse" I've just drawn
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  • #13,698
  • Dec 7, 2011 7:19am Dec 7, 2011 7:19am
Quoting Pbh
Thank you tom, in 15 mins I'm going long I just couldn't see myself shorting yesterday, I don't regret it (yet) hahaha
Np man. But I aint shorting right now. If I were shorting, we would already be going down . I was waiting to 3582 since monday. There I wanted to short like moron. Now I lowered my target to 3495. But, well, in fact it depends on Draghi tomorrow. I hope he will give me some nice short opportunity.

T
"I know one thing, that I know nothing." Sokrates
  • #13,699
  • Dec 7, 2011 7:22am Dec 7, 2011 7:22am
Quoting Tom_D_Trader
Np man. But I aint shorting right now. If I were shorting, we would already be going down . I was waiting to 3582 since monday. There I wanted to short like moron. Now I lowered my target to 3495. But, well, in fact it depends on Draghi tomorrow. I hope he will give me some nice short opportunity.

T
By nice shorting opportunity, do you mean good expectations so you can sell them after? or the "so about-to-become-usual" crisis is coming to town comments ?
  • #13,700
  • Dec 7, 2011 7:26am Dec 7, 2011 7:26am
BRING IN THE DESTRUCTIon!!!


closed for +106
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Have I got something on my face, SOLDIER?
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