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EurAnalysis Kindergarten 24 replies

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  • #30,421
  • May 14, 2012 3:35am May 14, 2012 3:35am
Quoting FXSwissTrader
Looks like a slow crawl down today.
Slow but steady. I prefer this than quick and snappy.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,422
  • May 14, 2012 3:41am May 14, 2012 3:41am
Quoting PipTrapper
Slow but steady. I prefer this than quick and snappy.
True.
  • #30,423
  • May 14, 2012 4:20am May 14, 2012 4:20am
Got Long at 2865 (when price went to 2860, 50 mins ago)
An opportunity lost is not a capital cost.
  • #30,424
  • May 14, 2012 4:24am May 14, 2012 4:24am
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Patient Euro-bear is not alone...

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  • #30,425
  • May 14, 2012 4:31am May 14, 2012 4:31am
1.2860, check the support from January 2011. Yeah it was breached last time when we went to 1.2624, but its still decent support.
An opportunity lost is not a capital cost.
  • #30,426
  • May 14, 2012 4:32am May 14, 2012 4:32am
Quoting AFXFin
Patient Euro-bear is not alone...

Attachment
Those who say it cannot be done should not interrupt those who are doing it
  • #30,427
  • May 14, 2012 4:32am May 14, 2012 4:32am
Quoting BFSGcapital
Got Long at 2865 (when price went to 2860, 50 mins ago)
Great job. I was going to do the same. Couldn't pull the trigger though. Still haven't learned how to remove emotions and bias from scalping. Too much going on with Greece. Feel better selling rallies. Would've been a quick 10-20 pips.
  • #30,428
  • May 14, 2012 4:33am May 14, 2012 4:33am
Greek Syriza requests president meeting with all parties

Written by Gerry Davies
May 14, 2012 at 09:08 GMT

Requests meeting to exclude Golden Dawn
Bloomberg reporting.

What’s this then?

EUR/USD touch firmer on the headlines, presently at 1.2873 from session low 1.2861.

UPDATE: Syriza statement says “Syriza’s leader does not intend to participate in selective meetings with political leaders summoned by the Greek president”

“However he is at the president’s disposal to meet him either on an individual basis or meet with all parliamentary parties, with the exception of Golden Dawn”

What a load of happy horseshit…..

Time for these people to get a grip.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,429
  • May 14, 2012 4:35am May 14, 2012 4:35am
Quoting FXSwissTrader
Great job. I was going to do the same. Couldn't pull the trigger though. Still haven't learned how to remove emotions and bias from scalping. Too much going on with Greece. Feel better selling rallies.


In my many years of trading, I have always stayed away from contra trades. My reasoning is that there are far too many in-trend opportunities to take advantage of with much less associated risk. Of course scalping is a totally different dog.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,430
  • May 14, 2012 4:56am May 14, 2012 4:56am
Quoting FXSwissTrader
Great job. I was going to do the same. Couldn't pull the trigger though. Still haven't learned how to remove emotions and bias from scalping. Too much going on with Greece. Feel better selling rallies. Would've been a quick 10-20 pips.
I honestly could just tell, they kept stop hunting lower by 2 pips throughout 2870 and 2860, very slowly inching it down to an even number like 28600. It took so long to get down there because of the bids that came in before 28600. IMO.


Got out for +16 and went short, but sold the short for +3, definitely did not expect a retrace back down to the lows.

Or perhaps just temporary shorts by big money, driving the price back down so they can get their share at 2860ish. Thats kind of what I think it is... but we could go to 1.281 like PT thinks I just dont think we will today.
An opportunity lost is not a capital cost.
  • #30,431
  • May 14, 2012 4:57am May 14, 2012 4:57am
Quoting PipTrapper


In my many years of trading, I have always stayed away from contra trades. My reasoning is that there are far too many in-trend opportunities to take advantage of with much less associated risk. Of course scalping is a totally different dog.
completely agree, its very stupid and poor risk reward most of the time
An opportunity lost is not a capital cost.
  • #30,432
  • May 14, 2012 5:01am May 14, 2012 5:01am
just look how much easier it is to go short (going with the trend), everyone scalps short. easy pips if you short exactly on this trendline, although the reward is not very great, so use low leverage and just do this to keep yourself occupied
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An opportunity lost is not a capital cost.
  • #30,433
  • May 14, 2012 5:02am May 14, 2012 5:02am
Quoting BFSGcapital
I honestly could just tell, they kept stop hunting lower by 2 pips throughout 2870 and 2860, very slowly inching it down to an even number like 28600. It took so long to get down there because of the bids that came in before 28600. IMO.


Got out for +16 and went short, but sold the short for +3, definitely did not expect a retrace back down to the lows.

Or perhaps just temporary shorts by big money, driving the price back down so they can get their share at 2860ish. Thats kind of what I think it is... but we could go to 1.281 like PT thinks...
Might take some high impact news or some politician to start yapping to move the market. There isn't any fundies coming out the rest of the day. Guess we have to keep an eye on what transpire with the meeting in Greece. Being patient is really hard for someone with ADHD.
  • #30,434
  • May 14, 2012 5:05am May 14, 2012 5:05am
Quoting BFSGcapital
... but we could go to 1.281 like PT thinks I just dont think we will today.
That's not what the bond yields are suggesting. Mind you, things could change, but I go with what I see now.

Attached Image (click to enlarge)
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Those who say it cannot be done should not interrupt those who are doing it
  • #30,435
  • May 14, 2012 5:13am May 14, 2012 5:13am
Quoting PipTrapper
That's not what the bond yields are suggesting. Mind you, things could change, but I go with what I see now.

Attachment
True, its only 50 pips away. Market has to go somewhere and there is no reason for it to go up, other than the fact that it hasn't really done any ebb and flow
An opportunity lost is not a capital cost.
  • #30,436
  • May 14, 2012 5:16am May 14, 2012 5:16am
Quoting FXSwissTrader
Might take some high impact news or some politician to start yapping to move the market. There isn't any fundies coming out the rest of the day. Guess we have to keep an eye on what transpire with the meeting in Greece. Being patient is really hard for someone with ADHD.
Don't worry about your ADHD problem. There are many people out there with far bigger problems than that

http://farm1.static.flickr.com/182/4...9c3c3f4107.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #30,437
  • May 14, 2012 5:18am May 14, 2012 5:18am
Quoting BFSGcapital
True, its only 50 pips away. Market has to go somewhere and there is no reason for it to go up, other than the fact that it hasn't really done any ebb and flow
Actually we did get ebb and flow today but it was more like ripples. Most likely the calm before the storm.
Those who say it cannot be done should not interrupt those who are doing it
  • #30,438
  • May 14, 2012 5:20am May 14, 2012 5:20am
Quoting PipTrapper
Don't worry about your ADHD problem. There are many people out there with far bigger problems than that

http://farm1.static.flickr.com/182/4...9c3c3f4107.jpg
  • #30,439
  • May 14, 2012 5:22am May 14, 2012 5:22am
Quoting FXSwissTrader
Might take some high impact news or some politician to start yapping to move the market. There isn't any fundies coming out the rest of the day. Guess we have to keep an eye on what transpire with the meeting in Greece. Being patient is really hard for someone with ADHD.
LOL

Always keep in mind I don't know what I'm talking about. But if you like my charts, thats great too.

There has been a major change in the algorithm I use. I will take the time to explain it sometime later on, if anyone is interested. But the new one is very good imo, because the stop losses are twice as tight as before (in general)
An opportunity lost is not a capital cost.
  • #30,440
  • May 14, 2012 5:23am May 14, 2012 5:23am
Quoting PipTrapper
Actually we did get ebb and flow today but it was more like ripples. Most likely the calm before the storm.
Yeah when I see action like that I know the market is exhausted, or waiting for something like major news... but yeah I meant over the last two weeks there hasn't been much ebb and flow, today it hasn't been bad, just poor range
An opportunity lost is not a capital cost.
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