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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #21,041
  • Jan 27, 2012 7:50am Jan 27, 2012 7:50am
sell stops tripped i guess.

profit taking possible at daily pivot s1 - and retest broken range before resuming down momentum.
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Have I got something on my face, SOLDIER?
  • #21,042
  • Edited 8:06am Jan 27, 2012 8:00am | Edited 8:06am
Quoting spzd
kno your comments are in blue, my response is in black

I want to compliment you on your reply. It allowed me to think about why I posted my strong reply about technicals.

It has to be clear by now that my interest as is the interest of PipTrapper who put in the work and effort starting on September 25, 2011 by starting this unique thread on Forex Factory, that we want to share and give something back and be helpful to others that join us here on this thread.

[color=royalblue][color=black]When...
Well said spzd!

If you've traded purely on technicals this morning (going from pivot lines) you would have done well. This has been my best day so far with 155 pips since 4am EST. Its true that fundamentals do play a good part in trading (the current 50 point drop is a good example) but many traders use these pivot points and FIB numbers.

Anyways, I'm off for a map as I'm not used to getting up at 3am to play this fun game called Forex.

Catch you later.
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I observe your reality but live my own.
  • #21,043
  • Jan 27, 2012 8:04am Jan 27, 2012 8:04am
kiwi at 8200. defense?

or a break?


this trade is also timed with cycles bbut the news and reaction confirmed it.

it changed sentiment and order flow created drop in price.

what to see now....

eurusd filled the hidden gaps already btw.
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Have I got something on my face, SOLDIER?
  • #21,044
  • Jan 27, 2012 8:07am Jan 27, 2012 8:07am
Quoting rekon67
It is worth to watch when different set up of technicals confirms same result.

20 ZIGZAG is working as a clear roof for the PA ...
Although I am not too excited about the fall until daily close ... todays candle close will tell me if I need to wait for a better set up for the next week or so .. A clear direction change to catch is what I am looking for.
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  • #21,045
  • Jan 27, 2012 8:10am Jan 27, 2012 8:10am
Quoting Tyoon
It's funny how frequently the news coincides with technicals (like S/D for example). It makes you ask yourself a few questions.
That's especially true on the daily levels


Futures this morning are what I call ugly. It's slightly risk off.

US GDP headline number came in slightly worse than expected.

E$ daily is still in the supply zone. 38.2 fib is just above it too.

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I don't care which way the market is going as long as it's going my way
  • #21,046
  • Jan 27, 2012 8:13am Jan 27, 2012 8:13am
Quoting knoholygrail
I always have an open mind and look and consider all points of view. No one person knows it all and when you start to think that then all is lost. Call that EGO !!!

I found this interesting day in the life of a trader that also teaches. He knows his stuff and I learn from him as I can learn from everyone.

Since GDP is now out and since I have no link as it came in my email I think we all will enjoy reading the following article.

A Review Of One Day In The Life Of Trader Nial Fuller


http://cdn1.ltttmstatic.com/wp-conte...r-picture2.pngIn...
Nials the man!
I have multiple personalities... Bull today Bear tomorrow!
  • #21,047
  • Jan 27, 2012 8:13am Jan 27, 2012 8:13am
Quoting Cgb
Well said spzd!

If you've traded purely on technicals this morning (going from pivot lines) you would have done well. This has been my best day so far with 155 pips since 4am EST. Its true that fundamentals do play a good part in trading (the current 50 point drop is a good example) but many traders use these pivot points and FIB numbers.

Anyways, I'm off for a map as I'm not used to getting up at 3am to play this fun game called Forex.

Catch you later.
Excellent with your pips today. Yes, from a purely technical standpoint, pivots do work wonders. I agree that fundies play an important part, but IMO one does not have to use them for intraday trading decisions. For longer term outlook yes you need to be aware of whats going on.
Mark ... Everything you have been told is a LIE
  • #21,048
  • Jan 27, 2012 8:14am Jan 27, 2012 8:14am
If I fail as a trader I will start teaching too and sell to people trivia like this.
  • #21,049
  • Jan 27, 2012 8:17am Jan 27, 2012 8:17am
Quoting andrew93
If I fail as a trader I will start teaching too and sell to people trivia like this.
Spot on
  • #21,050
  • Jan 27, 2012 8:18am Jan 27, 2012 8:18am
Quoting PipKiller
That's especially true on the daily levels
Tell me about it. I remember a week or two back When GoldMan and you were pointing out the daily demand level. At demand fundamental sentiment changed, coincidence?

..
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  • #21,051
  • Jan 27, 2012 8:22am Jan 27, 2012 8:22am
the arguement goes on ,,which is best way to trade? well guys you start off with money management because without money you cannot trade. and should you lose you shouldnt lose it all lol. the only other option is to use fundamentals and this does have to be studied as it uses many countries info , it is like a chain. KNOHOLYGRAIL i see you put in a post from my pal nial and i find that rather odd because if he ever came in here he would have a laughing fit at all of the overload information that is thrown about.So guys, like me keep it simple and dont be biased,i dont actually care which way the market is going i am heartless that way i trade for a living and as i dont have inside info i still have to be careful. happy trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,052
  • Jan 27, 2012 8:26am Jan 27, 2012 8:26am
So I ended up getting that long opportunity around the 7pm-ish EST mark last night and it was good for about 60 pips with a close this morning a little before 6am EST. ... Looks like I might be waiting for another long setup now? As I missed that short opportunity when I closed the trade this morning and didn't think of flipping over to the short side.

Quoting nyfx718
So looks like buy opportunity at 5pm EST time did not come to fruition. Looking next to the 6:30 to 7pm EST time frame and if it doesn't set up in there, then I look onto 8:30 to 9pm EST time frame. I would be real surprised if it didn't set up by there. ... I think that is a good time for it the latest to test the 1.3080 support PT mentioned based on the current price and the percieved price action or lack thereof ...
  • #21,053
  • Jan 27, 2012 8:26am Jan 27, 2012 8:26am
Quoting billytt
the arguement goes on ,,which is best way to trade? well guys you start off with money management because without money you cannot trade. and should you lose you shouldnt lose it all lol. the only other option is to use fundamentals and this does have to be studied as it uses many countries info , it is like a chain. KNOHOLYGRAIL i see you put in a post from my pal nial and i find that rather odd because if he ever came in here he would have a laughing fit at all of the overload information that is thrown about.So guys, like me keep it simple and...
A couple good points billytt. Money management is very important, since without capital preservation your trading career will end rather abruptly.
Mark ... Everything you have been told is a LIE
  • #21,054
  • Jan 27, 2012 8:29am Jan 27, 2012 8:29am
Quoting billytt
like me keep it simple and dont be biased,i dont actually care which way the market is going i am heartless that way i trade for a living and as i dont have inside info i still have to be careful. happy trading
couldn't agree with you more!
  • #21,055
  • Edited 8:51am Jan 27, 2012 8:35am | Edited 8:51am
Quoting billytt
the arguement goes on ,,which is best way to trade? well guys you start off with money management because without money you cannot trade.
Agree completely. Best quote of the day!

Quote
..from my pal nial and i find that rather odd because if he ever came in here he would have a laughing fit at all of the overload information that is thrown about.
Do not agree. Because this is a Forum where individuals come and share their different thoughts. It is not information overload. I do not agree traders are biased here ... at least traders who regular read this thread are not biased .. but now they have an edge so they know what would be the best long term decision for trading a pair.

If Nial comes here by any chance he would be impressed rather than fooling himself by self-laughing.

  • #21,056
  • Jan 27, 2012 8:56am Jan 27, 2012 8:56am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Tyoon
IMO these 'proper signals' are subjective. Your interpretation of fundamentals can be skewed, biased, obscured or mislead. The boys who move price (trading houses, HFs, ect.) have all the info and move price with their interpretation, intentions and objectives. I believe as retailers we must learn to piggy-back on the money flow - ride on the back's of the large orders. These orders cannot be hidden on the chart.

Brian is a great contributer to this thread and teaches a lot - he is obviously doing well educating traders here. I need to work more...
Ty, If signals are subjective, they are not 'proper signals' I'm talking about...
  • #21,057
  • Jan 27, 2012 8:57am Jan 27, 2012 8:57am
Quoting Cgb
Well said spzd!

If you've traded purely on technicals this morning (going from pivot lines) you would have done well. This has been my best day so far with 155 pips since 4am EST. Its true that fundamentals do play a good part in trading (the current 50 point drop is a good example) but many traders use these pivot points and FIB numbers.

Anyways, I'm off for a map as I'm not used to getting up at 3am to play this fun game called Forex.

Catch you later.
Nice! Good old techs...lol
I have multiple personalities... Bull today Bear tomorrow!
  • #21,058
  • Jan 27, 2012 8:58am Jan 27, 2012 8:58am
my friend, you are missing the point re nial, he would say it is overload info not me. i showed you a very simple method of trading using inside bars which can be successful using proper money management and without any other info and there are others. People are biased not too long ago one of the members actually had DIE EURO under his name and how many people berate the euro politicians here, its all a game. i have made £50 000+ within last 11 months and the same the year before and off a bank roll of less than £100 000 and i have no idea why i'm telling you this. This week the e/u is letting me down lol but i am sticking to my trading way and will not be trading until next week. ps did you see the ib at 13-00, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,059
  • Jan 27, 2012 9:00am Jan 27, 2012 9:00am
billy dont go overboard dude about ur gains or what u are or whatever bro - stay humble.
just my 2 cents - can eve be called crap if ud like



i still cant get around ur IBS lol
Have I got something on my face, SOLDIER?
  • #21,060
  • Jan 27, 2012 9:08am Jan 27, 2012 9:08am
Quoting billytt
my friend, you are missing the point re nial, he would say it is overload info not me. i showed you a very simple method of trading using inside bars which can be successful using proper money management and without any other info and there are others. People are biased not too long ago one of the members actually had DIE EURO under his name and how many people berate the euro politicians here, its all a game. i have made £50 000+ within last 11 months and the same the year before and off a bank roll of less than £100 000 and i have no idea...
I always understand you lately Bill

I meant to say in a online thread there will be different infos, different perspective , I understand by bias what you meant to say

but at the days end we need to filter it by our judgment .. otherwise

btw .. Your simple trading technique is very helpful
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