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EurAnalysis Kindergarten 24 replies

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  • #21,061
  • Jan 27, 2012 9:11am Jan 27, 2012 9:11am
thats your trouble, said nicely. inside bar is simple. trade simple. and who said earlier they trade using 1000000 lol if i did that i'd be mega rich. I think a few weeks ago pip trapper said something like a lot of info is stored sub consciously and with a lot of traders this is true and for some reason they think when they make gains it is because of some fancy line work. Just my thoughts. i want you guys to win big time and with real money. keep it simple and dont forget we are lagging traders. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #21,062
  • Jan 27, 2012 9:18am Jan 27, 2012 9:18am
I'm missing FxMindset big time

What happened to him? Is he still fighting with that crap internet line? Or busy with project? Or got a date finally in the Friday evening?
  • #21,063
  • Jan 27, 2012 9:24am Jan 27, 2012 9:24am
Reckon, hows the day? hows trading? Am trying a new PA system on the H1 took a short on e/j 40 mins before the news cause I got the signal, went for lunch came back 60 pips in the green. I should hold as its used for longer term trades but closed out for that 60 pip gain!
  • #21,064
  • Jan 27, 2012 9:28am Jan 27, 2012 9:28am
Quoting RodMca
Reckon, hows the day? hows trading? Am trying a new PA system on the H1 took a short on e/j 40 mins before the news cause I got the signal, went for lunch came back 60 pips in the green. I should hold as its used for longer term trades but closed out for that 60 pip gain!
Only one trade executed @ E/U close it with 10 pips thats it for the day since I do not trade other pairs.

Now in the coming weeks I'll be using the followings strategies.

1. Long Term: Catch a Direction : Will try to post it if I able to detect it.
2. Short Term H1, H4 : As usual will try posting it.
  • #21,065
  • Jan 27, 2012 9:32am Jan 27, 2012 9:32am
Quoting RodMca
Am trying a new PA system on the H1 took a short on e/j 40 mins before the news cause I got the signal, went for lunch came back 60 pips in the green. I should hold as its used for longer term trades but closed out for that 60 pip gain!
... Only thing is biting me ... and not able to devote myself fully with Trading and learning new techniques is my office.

Since there is no back up for myself I have to continue like this ... would love to see the technique and result of yours
  • #21,066
  • Jan 27, 2012 9:36am Jan 27, 2012 9:36am
I'm trying something similar myself with H4 and H1 trying to catch bigger moves let them ride and use my other system for intraday trading.

For bigger moves I'm just using fibo lines my TL's and 50sma and 200sma and I have to give credit to redlion he brought my attention to using the 24sma on H1 charts has worked like a charm so far!
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  • #21,067
  • Jan 27, 2012 9:38am Jan 27, 2012 9:38am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting rekon67
I'm missing FxMindset big time

What happened to him? Is he still fighting with that crap internet line? Or busy with project? Or got a date finally in the Friday evening?
According to his profile, he was online 6 hours ago in USDJPY. PM him?
  • #21,068
  • Jan 27, 2012 9:40am Jan 27, 2012 9:40am
Now that we have a perfectly formed rising channel (RC-1), who is going to mess it up today?
Is it possible that we get a bit of a sell-off before the European markets close?
This is what I bet on early this morning while most of you were still sleeping, and I'm still looking at it as a possibility. However, one must consider that until such time that there is a feasible deal between the banks and Greece, nobody seems to be making any moves. If there is no deal by end of day today, we might see some long positions taking profit before the close.

Anyway, I still have my eye on the 1.3200/1.3250 area. Let's see if it plays out. Hammer is ready.

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Those who say it cannot be done should not interrupt those who are doing it
  • #21,069
  • Jan 27, 2012 9:40am Jan 27, 2012 9:40am
Quoting AFXFin
Ty, If signals are subjective, they are not 'proper signals' I'm talking about...
What are the 'proper signals' your talking about?
  • #21,070
  • Jan 27, 2012 9:43am Jan 27, 2012 9:43am
Quoting RodMca
I'm trying something similar myself with H4 and H1 trying to catch bigger moves let them ride and use my other system for intraday trading.

For bigger moves I'm just using fibo lines my TL's and 50sma and 200sma and I have to give credit to redlion he brought my attention to using the 24sma on H1 charts has worked like a charm so far!

Gr8 Rod! Before exploring it further can you guide me how the 24 SMA on CLosing Price is playing here on H1 E/U?

I need to understand the usage.
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  • #21,071
  • Jan 27, 2012 9:45am Jan 27, 2012 9:45am
Quoting AFXFin
According to his profile, he was online 6 hours ago in USDJPY. PM him?
Ahh ... is he killing his own currency being invisible?
  • #21,072
  • Jan 27, 2012 9:46am Jan 27, 2012 9:46am
Quoting rekon67
Gr8 Rod! Before exploring it further can you guide me how the 24 SMA on CLosing Price is playing here on H1 E/U?

I need to understand the usage.
bro - it averages a day's movements as 24 hourly bars is a day.

i think....
Have I got something on my face, SOLDIER?
  • #21,073
  • Jan 27, 2012 9:49am Jan 27, 2012 9:49am
Quoting bumapatria
bro - it averages a day's movements as 24 hourly bars is a day.

i think....
Ok..just need to know how do i use this as my trading decision?
  • #21,074
  • Jan 27, 2012 9:52am Jan 27, 2012 9:52am
Quoting rekon67
Ok..just need to know how do i use this as my trading decision?
time to pause and stop.

indicators INDICATE and DO NOT give trading signals .

http://orderflowforex.com/trader-dev...-trader-cycle/

beginner trader cycle.

dont be like that
Have I got something on my face, SOLDIER?
  • #21,075
  • Jan 27, 2012 9:56am Jan 27, 2012 9:56am
Quoting rekon67
Gr8 Rod! Before exploring it further can you guide me how the 24 SMA on CLosing Price is playing here on H1 E/U?

I need to understand the usage.
Looks like we could get a short entry on e/u after the close of this candle PT's sell off could be coming right on time!

I'm still trying to come up with an exit strategy right I'm just trailing stop of 30 pips maybe take 50% profit at 100 pip gain. I'm still finding what works best might try I might use pivot points or s/r levels I'm still working on it I'll let you know though. If you have an idea do tell
  • #21,076
  • Jan 27, 2012 9:56am Jan 27, 2012 9:56am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Tyoon
What are the 'proper signals' your talking about?
LOL

Ty, Kno is trying to teach us to read signals what affect markets and price. If you think signal is subjective, then you are either misreading it or it is irrelevant. Proper signals are the ones that you as a trader should understand and which trader should use to make right decisions.

Sincerely I believe you have enough experience on trading to understand what I mean. If you are asking this to test if I recognize the signals and trying to force me to write you an comprehensive study of fundamental trading, I believe you are asking wrong person - ask Kno to do that or just read his posts carefully.

Trade well, my friend.
  • #21,077
  • Jan 27, 2012 9:56am Jan 27, 2012 9:56am
Quoting bumapatria
time to pause and stop.

indicators INDICATE and DO NOT give trading signals .

http://orderflowforex.com/trader-dev...-trader-cycle/

beginner trader cycle.

dont be like that
Properly understood and used, indicators do give trading signals. As far as a simple 24 period MA, no that would not be sufficient to make trades off of.
Mark ... Everything you have been told is a LIE
  • #21,078
  • Jan 27, 2012 9:58am Jan 27, 2012 9:58am
Quoting spzd
Properly understood and used, indicators do give trading signals. As far as a simple 24 period MA, no that would not be sufficient to make trades off of.

ok agreed.

BUT does price move because of indicators?
no it doesn't.

but then again Sp is quite correct on the topic as well.

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i actually want to code a cycle into like wavy form like an oscillator that goes OB and OS BUT like i want to set where it starts and the period of that cycle - and i see a wavy sort of frequency... wee.... oooo... wee o... up and down regardless of price.

that would be a cool code.. anyone knows how?
somethin like this
http://zonalandeducation.com/mstm/ph...Wave/wave1.gif
Have I got something on my face, SOLDIER?
  • #21,079
  • Jan 27, 2012 10:00am Jan 27, 2012 10:00am
Quoting bumapatria
time to pause and stop.

indicators INDICATE and DO NOT give trading signals .

http://orderflowforex.com/trader-dev...-trader-cycle/

beginner trader cycle.

dont be like that
Good guidance. But since I still have a hour time before logging off .. I'll continue my quest of learning!

I guess you follow the posts from where my questioning starts, I am not a guy who have managed account which grows by full-time traders, I do not have a vps where I have EAs running, I am not chasing for any Holy Grails, I am not chasing for each free indicator found on site or from fellows...

...rather I am excited to see if somebody is experimenting technicals, creating systems with logic ... then I find myself curious to know ... not chasing pips or money only good friends and knowledge.

  • #21,080
  • Jan 27, 2012 10:04am Jan 27, 2012 10:04am
Quoting rekon67
Good guidance. But since I still have a hour time before logging off .. I'll continue my quest of learning!

I guess you follow the posts from where my questioning starts, I am not a guy who has managed account which grows by full-time traders, I do not have a vps where I have EAs running, I am not chasing for any Holy Grails, I am not chasing for each free indicator found on site or from fellows...

...rather I am excited to see if somebody is experimenting technicals, creating systems with logic ... then I find myself curious to know ... not chasing...
good to know that .

cool
Have I got something on my face, SOLDIER?
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