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EurAnalysis Kindergarten 24 replies

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EurAnalysis

Quoting TheSwede
Don't really get it

Your first short is stopped out for a loss of 250$, .5%
The you go short again (according to your tradeplan), but not scaling in because your first was stopped out?
Then you enter again but only have 2 positions open.

I can see why you use this approach because it prevents you from picking tops. Is sort of the same as mine but I scale in only on winners and with less and less size. As soon as I scale in i move stop loss to keep loss at be or EDIT (initial) maximum risk.
I have NO IDEA if it will at the moment so I am trading IF I WAS to see if it will break 1.3200 and hold above and move past 1.3225 or go back down.

If it goes UP and away I am out of everything and wait until it goes much higher before a new Trade Plan.

I have seen the movement many times as shorts cover as it goes over 1.3200 and as that ends it resumes back down below 1.3200 and I have winning Trades except for the first loss. If I am more confident I will have on more than 3 positions. It could be 5 positions.

I answered you in order to explain the 5% loss per Trade Plan.

I have a MAXIUMUM STOP LOSS of 100 PIPS however when I was less experienced I used 50 PIPS and still do at times. I scale in after a rise of 25 PIPS and if I see it intends to go much higher based on Money Flow I get out.

I hope that explains it for you. I trade very much like PipTrapper.
Sorry I think we are talking about different things. It was just that I really didn't understand the use of the term scaling in when you had no open position. Closing a looser (when you understand you are wrong) is really the key to success.

Quoting knoholygrail
I have NO IDEA if it will at the moment so I am trading IF I WAS to see if it will break 1.3200 and hold above and move past 1.3225 or go back down.

If it goes UP and away I am out of everything and wait until it goes much higher before a new Trade Plan.

I have seen the movement many times as shorts cover as it goes over 1.3200 and as that ends it resumes back down below 1.3200 and I have winning Trades except for the first loss. If I am more confident I will have on more than 3 positions. It could be 5 positions.

I answered you in order...
Quoting TheSwede
Sorry I think we are talking about different things. It was just that I really didn't understand the use of the term scaling in when you had no open position. Closing a looser (when you understand you are wrong) is really the key to success.
whether its a level u need to get out on, or a stop loss, yes one must bail when one is wrong.

Hope shouldn never be a trigger to hold or release a trade
Have I got something on my face, SOLDIER?
Quoting Tyoon
Thanks FX, I'll keep an eye on that one.

Also keeping an eye on this diamond set-up.
Welcome mate
If there was easy money lying around,no one would be forcing it into your
Quoting FXMindset
Welcome mate
Seem 1.33 gonna touch today
If there was easy money lying around,no one would be forcing it into your
good morning, : 4,25% versus 5% (1 year note):

below full new (in spanish):

http://www.invertia.com/noticias/art...oticia=2612897
Quoting FXMindset
Seem 1.33 gonna touch today
Yeah I say that's possible. Got some fibs indicating it. Got a few resistance points to test on the way up.

EDIT: Possible news spike. Price is weakening.
Quoting bumapatria
whether its a level u need to get out on, or a stop loss, yes one must bail when one is wrong.

Hope shouldn never be a trigger to hold or release a trade
very true Buma - I just killed losing trades and I feel so much better :-)
patience is a virtue
Quoting PipKiller
I thought you said you were flat..... Liar, Liar pants on fire. What did you do, cash in an old position or "Short like an idiot" again.
Err, I may be using the term flat in a wrong manner. When I say I am flat I mean I dont enter any new positions.

I was still holding four shorts from "short like a moron" times . And I still hold three more. 2x 3767 + 1x3843. 3843 is my "Lucky". I aint closing this one, untill we hit the bottom.

T
"I know one thing, that I know nothing." Sokrates
USDX Support...
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just cleared it harp...

id wait for old res retest.

also got some random harmonic somethign majigger here
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Have I got something on my face, SOLDIER?
Quoting AaronWard
...In English cute has a number of meanings. One is somewhat like the Chinese when applied to small children and puppies...
I thought that they eat puppies in China . Hmm, yummy Chow chow puppies.

T
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
I thought that they eat puppies in China . Hmm, yummy Chow chow puppies.

T
was watching a documentary on it once on some town in china they round up dogs and cats for their meat to eat.

i am very weak when it comes to animals. they dont deserve to be killed for meat. they were treated like... dirt. thrown around and fitted in a cage and they squeal and oh god... its just so distrubing.

i am an animal person, and to see that is just so insulting and distrubing.
Have I got something on my face, SOLDIER?
Quoting bumapatria
just cleared it harp...

id wait for old res retest.

also got some random harmonic somethign majigger here
I have not looked too much into harmonics yet. Is this a pattern?
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Quoting bumapatria
was watching a documentary...
I have already noticed that. I have seen you spilling some hate at MCDonalds and KFC already.

Well, thats just evolution. I would like to taste a dog . But in Europe it is a nono. If it wasnt for proteins in meat our brain wouldnt evolve that much. It is thanks to meat that people are where they are right now. I dont agree with suffering of animals ofc, but hell there is no other way. There are just too many people. There is no such place where animals could freely live in a big pasture to be peacefully killed. There is no time, I am rushing to work and need MCDonalds coz other ways I would be starving. Ofc it is right there are some organizations who take care about methods these corporations use. For me, as a customer, I know that when animal suffers during death or isnt properly feeded, meat is worse. So I am trying to buy meat from bio farms, as it is more healthy for me. But anyway, even in biofarms, animals dont have a cheerfull life.

T
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
I thought that they eat puppies in China . Hmm, yummy Chow chow puppies.

T
puppies, not so much. There is a lot more meat on a fully grown dog...
Quoting Tyoon
I have not looked too much into harmonics yet. Is this a pattern?
Nope, it doesn't look like a harmonic. Also, on this volatility and headline-driven market, harmonics aren't... well, aren't harmonic at all. I wouldn't pay too much attention to them on such environment.
Btw, back to trading. Is anyone trading here? I am kinda afraid. We are too low and Bernie speaks today. I am afraid of faceripping short squeeze.

Edit: I am thinking of short from 3282. Just thinking.

T
"I know one thing, that I know nothing." Sokrates
Quoting Tom_D_Trader
Btw, back to trading. Is anyone trading here? I am kinda afraid. We are too low and Bernie speaks today. I am afraid of faceripping short squeeze.

T
I'm scalping up, looking to enter at psychological levels, 1.3200 is a good example, and targeting 10-20 pips up. So far, so good.


EDIT: Also, I tried to short the EURNZD over the weekend, still waiting to take profit on this one
Quoting Tom_D_Trader

Edit: I am thinking of short from 3282. Just thinking.

T
1.3289 is my target for a few longs. Dunno if we're going to see 1.3280 today. Maybe 1.3260. Will see.
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