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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #32,341
  • May 25, 2012 3:22am May 25, 2012 3:22am
Quoting Esssex
Faith and confidence in your own analysis.

Self-doubt and arrogance will kill you in trading. You need to find that balance.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,342
  • May 25, 2012 3:23am May 25, 2012 3:23am
the bottom cannot be becouse the crisis are playng away and the good news are farr away..2-3 weeks far away.. so what mult be that reversal?? i cannot explaine to me.. that rush up....must came with a rush down....??!!
  • #32,343
  • May 25, 2012 3:23am May 25, 2012 3:23am
Quoting Likerty
Iv got fooled by m15 pattern.. Now have two shorts underwater...Hmz..
Same to me, closed my long and reversed to short, have one underwater now, added at 1.2592. This thing looks strong now. So stupid I am!
  • #32,344
  • May 25, 2012 3:23am May 25, 2012 3:23am
Quoting BFSGcapital
Whats 20 pips to you?

1.2615/20 will probably cap it because of the 1000000 lots that went through at that level yesterday.
It's not the 20 pips. I know 1.2640 is the pivot. Since I am not scalping or intraday trading. It is pointless for me to short at 1.2620 just for price to come back and put me underwater after a small move down.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,345
  • May 25, 2012 3:27am May 25, 2012 3:27am
Quoting aurel_79
the bottom cannot be becouse the crisis are playng away and the good news are farr away..2-3 weeks far away.. so what mult be that reversal?? i cannot explaine to me.. that rush up....must came with a rush down....??!!
No it is not the bottom but this pair (and the Euro in general) is heavily net short. Furthermore, in the last two days price has failed to break 1.25. So this is an indication that we are due for a correction (traders close their shorts and some also go long). When price reaches a supply zone and the oversold status is eased, the down trend will resume.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,346
  • May 25, 2012 3:28am May 25, 2012 3:28am
Another reversal m15 pattern in play - I'm getting back my 20 pips
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  • #32,347
  • May 25, 2012 3:29am May 25, 2012 3:29am
PT: We is your protected stop loss on our EJ Trade? Do u still have it at 101.12 or you have move it further down
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #32,348
  • May 25, 2012 3:42am May 25, 2012 3:42am
Quoting PipTrapper
I guess in a way I do trade option.

I set a sell limit order at 1.2640. That means that until price reaches 1.2640 I have the option of cancelling it
GM all.


That's where I've had mine set for a few days.
  • #32,349
  • May 25, 2012 3:42am May 25, 2012 3:42am
Quoting ejiexe
PT: We is your protected stop loss on our EJ Trade? Do u still have it at 101.12 or you have move it further down
Two days ago I took half the profit and then set a stop loss at BE + 40 pips I think. Anyway, I have since moved the SL back up to BE. I still believe we will reach the 98.7/9 target and maybe even lower, so I am leaving the trade in place. If you are feeling nervous about the trade, take some more profit from it and let the rest ride with an SL at BE or where ever you feel comfortable.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,350
  • May 25, 2012 3:44am May 25, 2012 3:44am
Quoting FXSwissTrader
GM all.


That's where I've had mine set for a few days.
I guess we'll be patiently waiting together then

Side note: If things get a bit wild today, this pair could extend the short covering rally up to 1.2660, but even if it does, I believe it will be very quickly faded.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,351
  • Edited 1:46pm May 25, 2012 3:48am | Edited 1:46pm
Shortest trading day of my life. Net of about +55 with the mixed TPs

Still only 1:30 am here so I'm going to take advantage and get good sleep.

Plus, after making good pips for the day, if you try to make more you will likely lose it back. No matter how good you are at picking your spots, it's just the way it is

Green pips and great weekend to all, haven't forgot about the few who wanted the algorithm, if you send me your email address i will email it to you when i wake up

Here is todays short cover rally on the algorithm. I got long on the first test of the yellow line, at 2532.

Still trying to hold the bull in 1m, but seems to finally rolling over now. Which means if it rolling over and not just a pullback, the 1m purple line will take over the same role as the 1m yellow line did for the longs.

Take care!
An opportunity lost is not a capital cost.
  • #32,352
  • May 25, 2012 3:51am May 25, 2012 3:51am
Quoting BFSGcapital
Shortest trading day of my life. Net of about +55 with the mixed TPs

Still only 1:30 am here so I'm going to take advantage and get good sleep.

Plus, after making good pips for the day, if you try to make more you will likely lose it back. No matter how good you are at picking your spots, it's just the way it is

Green pips and great weekend to all, haven't forgot about the few who wanted the algorithm, if you send me your email address i will email it to you when i wake up

Here is todays short cover rally on the algorithm. I...
Good show buddy. Sleep well.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,353
  • May 25, 2012 4:00am May 25, 2012 4:00am
Quoting PipTrapper
Two days ago I took half the profit and then set a stop loss at BE + 40 pips I think. Anyway, I have since moved the SL back up to BE. I still believe we will reach the 98.7/9 target and maybe even lower, so I am leaving the trade in place. If you are feeling nervous about the trade, take some more profit from it and let the rest ride with an SL at BE or where ever you feel comfortable.
Waoo. This is the type of phychology war fair I am facing. I usually look at it as not been nimble to let a trade of over 200 pips go back to BE. But in the true sense of it that is how positional trader does(Cut your loss short and let your profit run). I knew you have already move to 40+ so I was wondering if you have still move it further down to protect as you said earlier that you will trail with a logical level. Is allowing over 200 pips going to BE despite you have taken 50% of profit part of initial plan or a thought aftermath? Just been curious to know how you plan a trade ahead.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #32,354
  • May 25, 2012 4:09am May 25, 2012 4:09am
Quoting ejiexe
Waoo. This is the type of phychology war fair I am facing. I usually look at it as not been nimble to let a trade of over 200 pips go back to BE. But in the true sense of it that is how positional trader does(Cut your loss short and let your profit run). I knew you have already move to 40+ so I was wondering if you have still move it further down to protect as you said earlier that you will trail with a logical level. Is allowing over 200 pips going to BE despite you have taken 50% of profit part of initial plan or a thought aftermath? Just been...
I am not worried that BE will be reached. In fact I am confident that the trade will reach profit target. I only moved the SL because I do not want to be taken out by a rogue spike. Today is freaky Friday. On Monday I will place the SL back at +40 pips or more depending on PA at the time.

ADD: I have already taken lots of profit from it. I am not greedy. If it stops out I will still be very happy with the results.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,355
  • May 25, 2012 4:22am May 25, 2012 4:22am
Quoting PipTrapper
My apologies. That's how I learned it in Canada. Must be the Quebecois version.
I was sent to French boarding school from the age of 9 at the time but it does serve me well sometimes theses day
  • #32,356
  • May 25, 2012 4:28am May 25, 2012 4:28am
Quoting PipTrapper
I am not worried that BE will be reached. In fact I am confident that the trade will reach profit target. I only moved the SL because I do not want to be taken out by a rogue spike. Today is freaky Friday. On Monday I will place the SL back at +40 pips or more depending on PA at the time.

ADD: I have already taken lots of profit from it. I am not greedy. If it stops out I will still be very happy with the results.
Thanks. Well manage trade.

Patience - Greed - Fear = Success
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #32,357
  • May 25, 2012 4:31am May 25, 2012 4:31am
If 2573 lets then it could test london opening level (along with daily pivot) near mid of that viagra H4 candle for upwards continuation..
Attached Image (click to enlarge)
Click to Enlarge Name: h4 continuation.jpg Size: 107 KB
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  • #32,358
  • May 25, 2012 4:45am May 25, 2012 4:45am
Danske Bank - EUR/USD short at 1.2560 for 1.2300; AUD/USD short at .9814 for .9664

Fri, May 25 2012, 11:36 CET | Interbank Talk
source: Danske Bank


"EUR/USD SHORT AT 1.2560 FOR 1.2300 OBJECTIVE, STOP 1.2692
  • #32,359
  • May 25, 2012 4:51am May 25, 2012 4:51am
Quoting FXSwissTrader
Danske Bank - EUR/USD short at 1.2560 for 1.2300; AUD/USD short at .9814 for .9664

Fri, May 25 2012, 11:36 CET | Interbank Talk
source: Danske Bank


"EUR/USD SHORT AT 1.2560 FOR 1.2300 OBJECTIVE, STOP 1.2692
Nice target. A bit optimistic but possible. However, lousy entry.
Those who say it cannot be done should not interrupt those who are doing it
  • #32,360
  • May 25, 2012 4:56am May 25, 2012 4:56am
Quoting FXSwissTrader
Danske Bank - EUR/USD short at 1.2560 for 1.2300; AUD/USD short at .9814 for .9664

Fri, May 25 2012, 11:36 CET | Interbank Talk
source: Danske Bank


"EUR/USD SHORT AT 1.2560 FOR 1.2300 OBJECTIVE, STOP 1.2692
I always wonder why they do this..??? What is the point of letting know what you do or dount do (bluff) ??
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