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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #25,581
  • Mar 29, 2012 3:10am Mar 29, 2012 3:10am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting FXMindset
price going no where
price going now where?
  • #25,582
  • Mar 29, 2012 3:10am Mar 29, 2012 3:10am
Quoting FXMindset
price going no where
Like sitting in tandem toilets?
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  • #25,583
  • Mar 29, 2012 3:14am Mar 29, 2012 3:14am
I am LONG on EU ,... it looks like it's going to RUN up !
  • #25,584
  • Mar 29, 2012 3:17am Mar 29, 2012 3:17am
We need some news or twitter rumors to get the party started
"Don't Panic..."
  • #25,585
  • Mar 29, 2012 3:19am Mar 29, 2012 3:19am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting august21
I am LONG on EU ,... it looks like it's going to RUN up !
Yep, over the hill and down again...

Inserted Video
  • #25,586
  • Mar 29, 2012 3:21am Mar 29, 2012 3:21am
Quoting august21
I am LONG on EU ,... it looks like it's going to RUN up !
Ever thought of watching 8-bit Movie posters?
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  • #25,587
  • Mar 29, 2012 3:59am Mar 29, 2012 3:59am
Quoting august21
I am LONG on EU ,... it looks like it's going to RUN up !

In this business, it is advisable to be reactive than to be proactive
  • #25,588
  • Mar 29, 2012 4:05am Mar 29, 2012 4:05am
11 more pips and I am stopped out..hanging on....
  • #25,589
  • Mar 29, 2012 4:10am Mar 29, 2012 4:10am
I am defeated,....next round....will be back..
  • #25,590
  • Mar 29, 2012 4:12am Mar 29, 2012 4:12am
Quoting Bydyke
In this business, it is advisable to be reactive than to be proactive
Allow me to expand and clarify because your statement is too generalized. Hence vague.

I agree that execution of trades carries less risk when you react to market sentiment after you see it. However, this means that your rewards are much less because once the train leaves the station, it's hard to jump on.

In my opinion, being proactive in this business is what makes money. Proactive in your analysis and therefore proactive in your execution. All you need to do in order to have a favorable risk reward ratio is to sell at strong resistance and buy at strong support. Doing this with tight stops a few pips on the other side of the support/resistance line (plus a few more pips to account for any spread widening) is all you need in order to minimize risk, yet the potential reward is many times more. If you're good at picking strong support and resistance (or well structured virgin supply and demand zones), you will do very well in this business.
Those who say it cannot be done should not interrupt those who are doing it
  • #25,591
  • Mar 29, 2012 4:17am Mar 29, 2012 4:17am
Hi guys,

I just wanted to ask, WTF is a support, I dont have any such lines in my chart.

Quoting PipTrapper
...
In my opinion, being proactive in this business is what makes money. Proactive in your analysis and therefore proactive in your execution. All you need to do in order to have a favorable risk reward ratio is to sell at strong resistance and buy at strong support. ...
T
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"I know one thing, that I know nothing." Sokrates
  • #25,592
  • Mar 29, 2012 4:22am Mar 29, 2012 4:22am
Quoting august21
I am defeated,....next round....will be back..
That's a good attitude

http://www.deviantart.com/download/2...ab-d4hr3vu.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #25,593
  • Mar 29, 2012 4:23am Mar 29, 2012 4:23am
Quoting august21
I am defeated,....next round....will be back..
no worries...
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  • #25,594
  • Mar 29, 2012 4:23am Mar 29, 2012 4:23am
Quoting Tom_D_Trader
Hi guys,

I just wanted to ask, WTF is a support, I dont have any such lines in my chart.



T
Those who say it cannot be done should not interrupt those who are doing it
  • #25,595
  • Mar 29, 2012 4:27am Mar 29, 2012 4:27am
Quoting PipTrapper
Yes there is definitely flow. Remember we are now at week end, month end and quarter end. More specifically, end of Q1. Also consider that it is Asian Year end.

So, there will be lots of flow today and tomorrow.
1. Probable repatriation of capital from USD to JPY
2. Probable massive profit taking in equities and commodities.

Expect a wild ride. Which way the EUR will go is hard to say at this point because against the profit taking and book closing flows we may also see repatriation of capital into Euros. That should make it choppy and...
It has started... 1.3275 needs to break for more downside.

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Those who say it cannot be done should not interrupt those who are doing it
  • #25,596
  • Mar 29, 2012 4:27am Mar 29, 2012 4:27am
arghhttt...my short
If there was easy money lying around,no one would be forcing it into your
  • #25,597
  • Mar 29, 2012 4:37am Mar 29, 2012 4:37am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting Tom_D_Trader
Hi guys,

I just wanted to ask, WTF is a support, I dont have any such lines in my chart.



T
It is between that green and light green line.
  • #25,598
  • Mar 29, 2012 4:40am Mar 29, 2012 4:40am
Quoting FXMindset
arghhttt...my short
theres more pairs u play only eur usd ?
Iam just A pips on the rode :nerd:
  • #25,599
  • Mar 29, 2012 4:41am Mar 29, 2012 4:41am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
It has started... 1.3275 needs to break for more downside.
I totally miscalculated. I was expecting raise till 1.338 before this downhill.

Good I didn't hit yet. And I had short waiting just in case - well, it's a small case, but it is short so it fits...
  • #25,600
  • Mar 29, 2012 4:45am Mar 29, 2012 4:45am
Quoting -er-
theres more pairs u play only eur usd ?
Example:
am long EU - Took Profit
am short GU - Loss

am would quite regret with that
am rather loss on pair than one pair won/other loss
am trade other pair before but this year am train myself tp focus one pair only whatever how good the setup it is at other pair

Many great trader am know only focused one pair and make money also
Focus is the Key
If there was easy money lying around,no one would be forcing it into your
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