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EurAnalysis Kindergarten 24 replies

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  • #18,141
  • Jan 6, 2012 11:41am Jan 6, 2012 11:41am
Just a quick question red, do you trade correlated pairs at the same time I.e eur/usd eur/jpy and sp500, if you were to do that would you risk 1.86% on each trade or risk .6% on each trade?
  • #18,142
  • Jan 6, 2012 11:42am Jan 6, 2012 11:42am
now keep in mind i will either take LONGS or SHORTS according to what is the most likely scenario for today--------> above or below open

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fxmindset i do not believe in risk reward, my money management is purely RISK MANAGEMENT, i can let it ride for days or till i feel it will turn, REWARD is never known, but this ensures if i let it ride my stop wont get hit.

edited the charts because it is easier when labeled the top is hourly the bottom is five minute
AVT INVENIAM VIAM AVT FACIAM
  • #18,143
  • Jan 6, 2012 11:44am Jan 6, 2012 11:44am
Quoting RodMca
Just a quick question red, do you trade correlated pairs at the same time I.e eur/usd eur/jpy and sp500, if you were to do that would you risk 1.86% on each trade or risk .6% on each trade?
i used to but its all the same thing

the USD

gbp,eur,aud
jpy,chf,cad

they move in tune with the USD, and i would have to run statistics and stuff, so to answer your question, i look at it to gauge the movement of the Dollar but i trade the euro, as of lately
AVT INVENIAM VIAM AVT FACIAM
  • #18,144
  • Jan 6, 2012 11:46am Jan 6, 2012 11:46am
risk 10%?


ive doen that. today.

LOL.

heres the data

for the crude shorts and eur short..

will not do so ever again.
crazy trading = crazy profits OR crazy losses.

one thing i learnt is that the closer u think of being successful, u are closer to failure. i said that before i think. nevertheless, always think u are an uknowledgable bastard who can always be better.
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Have I got something on my face, SOLDIER?
  • #18,145
  • Jan 6, 2012 11:50am Jan 6, 2012 11:50am
Quoting the redlion
i used to but its all the same thing

the USD

gbp,eur,aud
jpy,chf,cad

they move in tune with the USD, and i would have to run statistics and stuff, so to answer your question, i look at it to gauge the movement of the Dollar but i trade the euro, as of lately
Intereseting approach, do you use the movement of the dollar to trade gold and other commodities or do you only trade currencies?
  • #18,146
  • Jan 6, 2012 11:53am Jan 6, 2012 11:53am
Quoting the redlion
i used to but its all the same thing

the USD

gbp,eur,aud
jpy,chf,cad

they move in tune with the USD, and i would have to run statistics and stuff, so to answer your question, i look at it to gauge the movement of the Dollar but i trade the euro, as of lately
master the movmeent of the dollar u can master fx pretty easily.
red couldve seen positive signals for dollar and went long on usdchf, short eurusd, short cable for max risk for 1.86% i think was his risk parameter, each wold be about 0.6% risk - but it would be easier to manage one trade and 1 instrument i think..
Have I got something on my face, SOLDIER?
  • #18,147
  • Jan 6, 2012 11:56am Jan 6, 2012 11:56am
Quoting RodMca
Intereseting approach, do you use the movement of the dollar to trade gold and other commodities or do you only trade currencies?
i think im high jacking pip trappers thread but the thing is that all asset classes are correlated

positive correlated gbp,eur,aud,nzd, gold,oil, commodities,equities,bond yields
negative correlated jpy,chf,cad,

however all correlations are not perfect but the USD being the reserve currency is a measure for all instruments traded around the world

positive correlated= dollar weakness they all move up
negative correlated= dollar weakness they all move down

on USD strength the inverse happens

i will stop high jacking PT thread, i just wanted a peer review on My MM lol
AVT INVENIAM VIAM AVT FACIAM
  • #18,148
  • Jan 6, 2012 11:59am Jan 6, 2012 11:59am
Quoting bumapatria
master the movmeent of the dollar u can master fx pretty easily.
red couldve seen positive signals for dollar and went long on usdchf, short eurusd, short cable for max risk for 1.86% i think was his risk parameter, each wold be about 0.6% risk - but it would be easier to manage one trade and 1 instrument i think..
While I agree on a broader outlook but if you look at the smaller picture at eur/usd and eur/jpy the correlation is as perfect as you'll get in my opinion.. If you're shorting one you may aswell be shorting the other unless there's massive dollar buying and massive yen selling which in my opinion will only come from intervention.. But each to there own at the end of the day
  • #18,149
  • Jan 6, 2012 12:06pm Jan 6, 2012 12:06pm
Quoting RodMca
While I agree on a broader outlook but if you look at the smaller picture at eur/usd and eur/jpy the correlation is as perfect as you'll get in my opinion.. If you're shorting one you may aswell be shorting the other unless there's massive dollar buying and massive yen selling which in my opinion will only come from intervention.. But each to there own at the end of the day
well the EUR/JPY is the only other official pair so that is completely true.

in forex EVERYTHING IS MEASURED BY THE DOLLAR.

gpb/usd vs usd/jpy = gbp/jpy
AVT INVENIAM VIAM AVT FACIAM
  • #18,150
  • Jan 6, 2012 12:11pm Jan 6, 2012 12:11pm
Btw ... did anybody noticed krunfx ... where he gone after his last speculation
  • #18,151
  • Jan 6, 2012 12:17pm Jan 6, 2012 12:17pm
Quoting the redlion
i used to but its all the same thing

the USD

gbp,eur,aud
jpy,chf,cad

they move in tune with the USD, and i would have to run statistics and stuff, so to answer your question, i look at it to gauge the movement of the Dollar but i trade the euro, as of lately
Lion, I use this site everyday. If you don't know of this site already I have a feeling you'll like it.
  • #18,152
  • Jan 6, 2012 12:39pm Jan 6, 2012 12:39pm


so now that i gave all info regarding entrances, exits, trading method and money management....................any reviews that would challenge my views or is it pretty solid?
AVT INVENIAM VIAM AVT FACIAM
  • #18,153
  • Jan 6, 2012 12:51pm Jan 6, 2012 12:51pm
Quoting the redlion


so now that i gave all info regarding entrances, exits, trading method and money management....................any reviews that would challenge my views or is it pretty solid?
Nothing can be said top performance as always
  • #18,154
  • Jan 6, 2012 12:57pm Jan 6, 2012 12:57pm
http://www.financialsense.com/contri...es-but-quietly

http://www.financialsense.com/contri...read-signaling
Bulls Run. Bears Bite. We Profit.
  • #18,155
  • Jan 6, 2012 1:34pm Jan 6, 2012 1:34pm
Previous SR from 2010. 1.26 is very key.

..
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  • #18,156
  • Jan 6, 2012 3:20pm Jan 6, 2012 3:20pm
Quoting Harpe Eagle
http://www.financialsense.com/contri...es-but-quietly

http://www.financialsense.com/contri...read-signaling
excellent and factual
Kill the ego, or it will kill the mission.
  • #18,157
  • Jan 6, 2012 3:39pm Jan 6, 2012 3:39pm
Quoting Harpe Eagle
http://www.financialsense.com/contri...es-but-quietly

http://www.financialsense.com/contri...read-signaling
"What's happening is an obscure form of quantitative easing, aka money printing; but it is a type of money printing nonetheless. Central bank balance sheets...and future generations' debt burdens continue to grow. "

So if the FED are printing money for EU to provide some liquidity for EU banks, if Europe somehow fails to pay the interest on the swaps, the US will not be affected because it's not 'real' money. However if EU does pay back the interest the US has benefited from this EU crisis for 'free'?
  • #18,158
  • Jan 6, 2012 8:44pm Jan 6, 2012 8:44pm
Quoting the redlion
well the EUR/JPY is the only other official pair so that is completely true.

in forex EVERYTHING IS MEASURED BY THE DOLLAR.

gpb/usd vs usd/jpy = gbp/jpy
If there was easy money lying around,no one would be forcing it into your
  • #18,159
  • Jan 7, 2012 1:10am Jan 7, 2012 1:10am
I've been thinking about it, and.........I will start an experimental Live Journal

there are 2 methods i want to try, i will open 1,000 usd account for this purpose.

1-method one ( strategic positioning to catch the daily movement)
2-day trading the intraday oscillations


it is my theory that i must know method 1 to be good at method 2 but it might not even matter, i would have actually carry this out.

using the MM outlined, (so for those that are interested, can participate and criticise and contribute.

http://www.forexfactory.com/showthre...35#post5275135
AVT INVENIAM VIAM AVT FACIAM
  • #18,160
  • Jan 7, 2012 1:22am Jan 7, 2012 1:22am
Quoting the redlion
I've been thinking about it, and.........I will start an experimental Live Journal

there are 2 methods i want to try, i will open 1,000 usd account for this purpose.

1-method one ( strategic positioning to catch the daily movement)
2-day trading the intraday oscillations


it is my theory that i must know method 1 to be good at method 2 but it might not even matter, i would have actually carry this out.

using the MM outlined, (so for those that are interested, can participate and criticise and contribute.

http://www.forexfactory.com/showthre...35#post5275135...
Just opinion for the addition for ur method,hehe

method
1.eyed on candle patten
2. Eyed on OS(under 20) n OB(Above 80).

U also can add rsi 14 n put horizontal line at 50..hehe
Bismillah
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