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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #31,361
  • May 18, 2012 1:11pm May 18, 2012 1:11pm
Quoting BFSGcapital
+8 on exhaustion scalp, but i agree with you PT, i got out at the 5m, 8EMA, which we just bounced off of. but i still think it needs to pull back here, 2735 is a good target
2735..

my exhaustion scalp before i napped was good for 25 pips I just didn't hold it

but that's okay, i got 2% today. what a huge difference in compound leverage. as long as you keep your risk the same, shoot for the moon!

1% compound per day = 10x starting bal in 1 year
2% = ~70x
3% = ~1600x.
An opportunity lost is not a capital cost.
  • #31,362
  • May 18, 2012 1:11pm May 18, 2012 1:11pm
  •  AFXFin
  • | Joined Oct 2011 | Status: Price don't have a mind of it's own | 915 Posts
Quoting PipTrapper
HaHa. An ex-girlfriend of mine once pleaded with me to get a "real" job and she even went as far as to get me an interview with a bank (The HR manager was her cousin) to work in their MasterCard anti-fraud division as their director of IT. The job paid a little more than I was earning as a self-employed consultant but it meant that I would be at their beck and call 24/7. "No thanks" I said. That is why she is my ex-girlfriend.
Inserted Video
  • #31,363
  • May 18, 2012 1:12pm May 18, 2012 1:12pm
Nice discussion guys....

Quoting PipTrapper
HaHa. An ex-girlfriend of mine once pleaded with me to get a "real" job and she even went as far as to get me an interview with a bank (The HR manager was her cousin) to work in their MasterCard anti-fraud division as their director of IT. The job paid a little more than I was earning as a self-employed consultant but it meant that I would be at their beck and call 24/7. "No thanks" I said. That is why she is my ex-girlfriend.
Hahahah.....
Bulls Run. Bears Bite. We Profit.
  • #31,364
  • Edited 1:23pm May 18, 2012 1:13pm | Edited 1:23pm
Quoting PipTrapper
HaHa. An ex-girlfriend of mine once pleaded with me to get a "real" job and she even went as far as to get me an interview with a bank (The HR manager was her cousin) to work in their MasterCard anti-fraud division as their director of IT. The job paid a little more than I was earning as a self-employed consultant but it meant that I would be at their beck and call 24/7. "No thanks" I said. That is why she is my ex-girlfriend.
Ex-girlfriend No way I'd put up with that BS either

Were you trading FX at the time?? If you were, she's not very bright I never tell women what I do for a living, at least to start. What business is it of theirs? I'll just say "If it's that important to you to know, I work in the financial industry"
An opportunity lost is not a capital cost.
  • #31,365
  • May 18, 2012 1:25pm May 18, 2012 1:25pm
Quoting BFSGcapital
Ex-girlfriend No way I'd put up with that BS either

Were you trading FX at the time?? I never tell women what I do for a living, at least to start. What business is it of theirs? I'll just say "If it's that important to you to know, I work in the financial industry"
No, I was still involved in the IT industry back then. That was 1996. I started trading FX part time in 2002 and slowly migrated to full time from there. I still do occasional IT projects plus I develop and host business process applications for small and medium business, but as you can see from all my posts here, the majority of my time is dedicated to FX
Those who say it cannot be done should not interrupt those who are doing it
  • #31,366
  • May 18, 2012 1:26pm May 18, 2012 1:26pm
Quoting AFXFin
I've been independent since 1995 now and I cannot think of anything else - though my wife once suggested that why don't I take a "real job" for once - I just took a haircut...

5 years and counting for me.
  • #31,367
  • May 18, 2012 1:27pm May 18, 2012 1:27pm
Quoting PipTrapper
No, I was still involved in the IT industry back then. That was 1996. I started trading FX part time in 2002 and slowly migrated to full time from there. I still do occasional IT projects plus I develop and host business process applications for small and medium business, but as you can see from all my posts here, the majority of my time is dedicated to FX
PT. Are you in Canada or an expat?
  • #31,368
  • May 18, 2012 1:34pm May 18, 2012 1:34pm
Low leveraged short 0.2% risk at the trend line, trying to squeak out 1% more today
Attached Image (click to enlarge)
Click to Enlarge Name: eurochart2.jpg Size: 232 KB
An opportunity lost is not a capital cost.
  • #31,369
  • May 18, 2012 1:36pm May 18, 2012 1:36pm
Quoting AFXFin
http://www.youtube.com/watch?v=QOCDoKsXjP0
Since we're sharing our favorite music vids, here's one of mine

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #31,370
  • May 18, 2012 1:38pm May 18, 2012 1:38pm
Quoting FXSwissTrader
PT. Are you in Canada or an expat?
expat

Add: I'm here now

Attached Image (click to enlarge)
Click to Enlarge Name: europe_malta_map_location.gif Size: 29 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #31,371
  • May 18, 2012 1:38pm May 18, 2012 1:38pm
Quoting PipTrapper
No, I was still involved in the IT industry back then. That was 1996. I started trading FX part time in 2002 and slowly migrated to full time from there. I still do occasional IT projects plus I develop and host business process applications for small and medium business, but as you can see from all my posts here, the majority of my time is dedicated to FX
What type of business process applications? Sounds like something I could use in the near future, maybe (want to start a small business someday)

Gotta do what you love! And yeah, you trade like 12-16 hours a day (with breaks im sure). At least it seems that way. I'm on at least 10 hours a day, lol

I still work part time at a restaurant, but mostly for fun so I can see people throughout the week and still have a social life. Only like 15-20 hours a week
An opportunity lost is not a capital cost.
  • #31,372
  • May 18, 2012 1:40pm May 18, 2012 1:40pm
Quoting PipTrapper
Since we're sharing our favorite music vids, here's one of mine

http://www.youtube.com/watch?v=bRgtofyvUIA
hahaha

haven't heard this in years
An opportunity lost is not a capital cost.
  • #31,373
  • May 18, 2012 1:40pm May 18, 2012 1:40pm
Quoting PipTrapper
HaHa. An ex-girlfriend of mine once pleaded with me to get a "real" job and she even went as far as to get me an interview with a bank (The HR manager was her cousin) to work in their MasterCard anti-fraud division as their director of IT. The job paid a little more than I was earning as a self-employed consultant but it meant that I would be at their beck and call 24/7. "No thanks" I said. That is why she is my ex-girlfriend.
wow...
Did I miss an interesting topic here?
I think each one of us has experienced so called "real job drama"

All women think traders play only stupid games on their comps.
They do nothing, just sitting in front of the screen.
Only their best mates' husbands have real jobs.
So guys, you need to put on suit&tie, go around the corner to your neighbour's house and trade from there.
You can always ring her to inform you need to stay longer in THE OFFICE

Attached Image
Read Charts - Not Papers
  • #31,374
  • May 18, 2012 1:41pm May 18, 2012 1:41pm
Quoting PipTrapper
Since we're sharing our favorite music vids, here's one of mine

http://www.youtube.com/watch?v=bRgtofyvUIA

This vid brings back so many memories. Great selection.
  • #31,375
  • May 18, 2012 1:42pm May 18, 2012 1:42pm
Quoting PipTrapper
expat

Add: I'm here now

Attachment
Oh, good for you m8. I was wondering how you were getting up so early to post before L/O.
  • #31,376
  • May 18, 2012 1:44pm May 18, 2012 1:44pm
Quoting halkins
wow...
Did I miss an interesting topic here?
I think each one of us has experienced so called "real job drama"

All women think traders play only stupid games on their comps.
They do nothing, just sitting in front of the screen.
Only their best mates' husbands have real jobs.
So guys, you need to put on suit&tie, go around the corner to your neighbour's house and trade from there.
You can always ring her to inform you need to stay longer in THE OFFICE

Attachment
  • #31,377
  • May 18, 2012 1:46pm May 18, 2012 1:46pm
Quoting BFSGcapital
What type of business process applications? Sounds like something I could use in the near future, maybe (want to start a small business someday)

Gotta do what you love! And yeah, you trade like 12-16 hours a day (with breaks im sure). At least it seems that way. I'm on at least 10 hours a day, lol

I still work part time at a restaurant, but mostly for fun so I can see people throughout the week and still have a social life. Only like 15-20 hours a week
Any administrative process that can be automated. Accounting, asset management & maintenance, order & inventory management, logistics control, call center management, production tracking, timesheets and payroll, Business intelligence reporting, Customer relationship management, Job costing & estimating systems, etc. Mostly browser based applications though. Not many clients want to be restricted to their desktops any more.
Those who say it cannot be done should not interrupt those who are doing it
  • #31,378
  • May 18, 2012 1:50pm May 18, 2012 1:50pm
Quoting FXSwissTrader
And to be more serious...
For me trading is consuming loads of time.
I spoke to one trader and he told me he needs not more then 20min a day to trade sucessfully!
Probably he's looking for his entries on Monthly charts
Read Charts - Not Papers
  • #31,379
  • May 18, 2012 1:51pm May 18, 2012 1:51pm
Quoting FXSwissTrader
Oh, good for you m8. I was wondering how you were getting up so early to post before L/O.
The top three reasons for being here in order of importance.

1. My lovely wife lives here
2. The weather is warmer
3. I don't like trading in the dark
Those who say it cannot be done should not interrupt those who are doing it
  • #31,380
  • May 18, 2012 1:51pm May 18, 2012 1:51pm
Well im out for +5 (0.1%) idk what just happened lol
An opportunity lost is not a capital cost.
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