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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #14,441
  • Dec 12, 2011 9:35am Dec 12, 2011 9:35am
Decision point.
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  • #14,442
  • Dec 12, 2011 9:40am Dec 12, 2011 9:40am
flat

Oh well... just went flat. no positions open. I am just a waste of trading space. I so want to jump back in... oh well...this is time to exercise self control... and start looking at other things to trade.
Kill the ego, or it will kill the mission.
  • #14,443
  • Dec 12, 2011 9:55am Dec 12, 2011 9:55am
Quoting PipKiller
Please don't take this out of context, it's not meant to belittle or berate you. Like Goldman said, I also have made almost every mistake you can trading and have used losses and mistakes as a learning tool.

Before even entering a trade you need to calculate how much you ARE willing to lose, calculate your maximim risk in $$$, pips and then calculate you maximum position size based on that. A 300 pip loss for me is comfortable with small position size trading off the daily charts could be catastrophic for you. Trade in YOUR comfort level, not...
your strong demand @ 1.3210 mate ?


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #14,444
  • Dec 12, 2011 10:01am Dec 12, 2011 10:01am
Quoting FXMindset
your strong demand @ 1.3210 mate ?


Thanks

mine at 20 but no reaction yet.
Have I got something on my face, SOLDIER?
  • #14,445
  • Dec 12, 2011 10:04am Dec 12, 2011 10:04am
Quoting FXMindset
your strong demand @ 1.3210 mate ?


Thanks
I'm not going long here, might be worth a couple quick scalps but I am not going long here.

I'm still holding my short off the daily from 1.3388 for a break lower on this momentum +175 pips right now.
I don't care which way the market is going as long as it's going my way
  • #14,446
  • Dec 12, 2011 10:05am Dec 12, 2011 10:05am
am @ 1.3209 - based on the current PA and pattern it should breaking down
If there was easy money lying around,no one would be forcing it into your
  • #14,447
  • Dec 12, 2011 10:07am Dec 12, 2011 10:07am
Quoting bumapatria
mine at 20 but no reaction yet.
A quick glance at the 1 minute shows she is bouncing between the 10 and 20, but that's not my game.
I don't care which way the market is going as long as it's going my way
  • #14,448
  • Dec 12, 2011 10:11am Dec 12, 2011 10:11am
Quoting FXMindset
am @ 1.3209 - based on the current PA and pattern it should breaking down
Even a new downtrend
If there was easy money lying around,no one would be forcing it into your
  • #14,449
  • Dec 12, 2011 10:13am Dec 12, 2011 10:13am
This advice might be a bit strange... but right now you should watch the chart patterns on the Dow. If the Dow doesn't go up then the euro wont either nor will gold. They are taking their lead from the Dow.

Watch the dow 5 min and you will see what I mean.
Kill the ego, or it will kill the mission.
  • #14,450
  • Dec 12, 2011 10:14am Dec 12, 2011 10:14am
Quoting PipKiller
A quick glance at the 1 minute shows she is bouncing between the 10 and 20, but that's not my game.
i havenever been so unsure of a cycle.

it is a bearish one for dow but sounds bullish to Eu.

see how f--- that sounds?


well r/r seems better for an eu long
Have I got something on my face, SOLDIER?
  • #14,451
  • Dec 12, 2011 10:18am Dec 12, 2011 10:18am
Long at 1.3212. Keeping my fingers crossed. oversold conditions on the 5 min, 10 min, 1 hr, and 4 hr.
  • #14,452
  • Dec 12, 2011 10:22am Dec 12, 2011 10:22am
Quoting PipKiller
I'm not going long here, might be worth a couple quick scalps but I am not going long here.

I'm still holding my short off the daily from 1.3388 for a break lower on this momentum +175 pips right now.
Yes,even its oversold - I'm also wont long - At my Daily Outlook not support for long at all
If there was easy money lying around,no one would be forcing it into your
  • #14,453
  • Dec 12, 2011 10:47am Dec 12, 2011 10:47am
Quoting FXMindset
Yes,even its oversold - I'm also wont long - At my Daily Outlook not support for long at all
Always more oversold than overbought signals in a downtrend. Daily momentum is down and it's not oversold on TRIX.

1.32 broken If 1.3145 breaks it might get really ugly really fast for the bulls. She is deep into the demand zone.


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I don't care which way the market is going as long as it's going my way
  • #14,454
  • Dec 12, 2011 10:54am Dec 12, 2011 10:54am
Quoting PipKiller
Always more oversold than overbought signals in a downtrend. Daily momentum is down and it's not oversold on TRIX.

1.32 broken If 1.3145 breaks it might get really ugly really fast for the bulls.


Attachment
I have draw complete mid and longterm outlook so believe we might see 1.29 once we break 1.321 ( Believe another new downtrend might be create ) - I might be wrong but am just trade what am see for many years -

the key is when we wrong then admitted it,there is no need prove to Mr.market we are right and learn from it - because the prize is real expensive
If there was easy money lying around,no one would be forcing it into your
  • #14,455
  • Dec 12, 2011 10:54am Dec 12, 2011 10:54am
Guys, in case you aint using candles. very important h4 closing in 5 mins and possibly creting marubozu down.

T
"I know one thing, that I know nothing." Sokrates
  • #14,456
  • Dec 12, 2011 10:55am Dec 12, 2011 10:55am
Quoting Tom_D_Trader
Guys, in case you aint using candles. very important h4 closing in 5 mins and possibly creting marubozu down.

T

might be a whipsaw.

who knows.

or not.
Have I got something on my face, SOLDIER?
  • #14,457
  • Dec 12, 2011 11:05am Dec 12, 2011 11:05am
Quoting FXMindset
I have draw complete mid and longterm outlook so believe we might see 1.29 once we break 1.321 ( Believe another new downtrend might be create ) - I might be wrong but am just trade what am see for many years -

the key is when we wrong then admitted it,there is no need prove to Mr.market we are right and learn from it - because the prize is real expensive
October 4th swing low of 1.3145 will be important level. Not much to stop it on daily charts below this level except the phycologically important 1.3000

I don't like expensive surprises that I had to pay for.
I don't care which way the market is going as long as it's going my way
  • #14,458
  • Dec 12, 2011 11:11am Dec 12, 2011 11:11am
Quoting PipKiller
October 4th swing low of 1.3145 will be important level. Not much to stop it on daily charts below this level except the phycologically important 1.3000

I don't like expensive surprises that I had to pay for.
one of the last swing level @ 2011 to pay attention
If there was easy money lying around,no one would be forcing it into your
  • #14,459
  • Dec 12, 2011 11:17am Dec 12, 2011 11:17am
It's forming today's 8th uptick. Be careful guys (if you plan to go long), it has repeated the same pattern over and over today.

Drawing I did on previous uptick.

..
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  • #14,460
  • Dec 12, 2011 11:18am Dec 12, 2011 11:18am
Quoting FXMindset
one of the last swing level @ 2011 to pay attention
You taught me well master.

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