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EurAnalysis Kindergarten 24 replies

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  • #34,821
  • Jun 7, 2012 5:43am Jun 7, 2012 5:43am
Quoting PipTrapper
I always close on green pips simply because of my averaging methods. Any short trades I take below 1.46 and recently below 1.34 are scale-in trades which are smaller in size than the master shorts at the two above noted levels. I also take partial profit several times from each entry.

As for profits being eaten up by swap, on the contrary, I earn swap from my E/U shorts.

Also I have never had 10 to 20 positions opened simultaneously. The most I have ever had was 8 and currently I have 5 shorts on E/U ranging from 1.4647 to 1.2773
Think I do the same, though it's all based on everyday trades, averaging my winners and loosers during the day, I book them all into account at the end of the day...
Read Charts - Not Papers
  • #34,822
  • Jun 7, 2012 5:45am Jun 7, 2012 5:45am
Quoting FXSwissTrader
According to EU official there is no rescue plan for Spanish banks. Direct payments to banks using ESM/EFSF is NOT possible.
Is that all the text from it or is there more detail?

From what I understand, the plan they are working on (which is not a plan yet, just an idea) is that the ESM will capitalize the banks directly, but it will be charged to the Spanish government. Therefore the Spanish government will in fact be borrowing from the ESM to capitalize its own banks.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,823
  • Jun 7, 2012 5:47am Jun 7, 2012 5:47am
Quoting PipTrapper
(...) Any short trades I take below 1.46 and recently below 1.34 are scale-in trades which are smaller in size than the master shorts at the two above noted levels. I also take partial profit several times from each entry.
Anyway PT, you should change your nick name to MOP; Master of Patience.
I can't imagine myself keeping open position form 1.4600(!) experiencing all those ups and downs, political disturbances, NFP, GDP etc etc, all small and big hurdles on it's way to where we are now,
Read Charts - Not Papers
  • #34,824
  • Jun 7, 2012 5:48am Jun 7, 2012 5:48am
G/U dropping after hitting 23.6% fibo for second time in two days. ahead of BOE rate decision. Dollar index strengthening.
  • #34,825
  • Jun 7, 2012 5:49am Jun 7, 2012 5:49am
Quoting PipTrapper
Is that all the text from it or is there more detail?

From what I understand, the plan they are working on (which is not a plan yet, just an idea) is that the ESM will capitalize the banks directly, but it will be charged to the Spanish government. Therefore the Spanish government will in fact be borrowing from the ESM to capitalize its own banks.
That was all that came out from EU just a few minutes ago on the wire. It was very specific.
  • #34,826
  • Jun 7, 2012 5:49am Jun 7, 2012 5:49am
is that head and shoulders forming on 15m ??

could anyone confirm please ??
“Don't cry because it's over, smile because it happened.”
  • #34,827
  • Jun 7, 2012 5:49am Jun 7, 2012 5:49am
Quoting halkins
Think I do the same, though it's all based on everyday trades, averaging my winners and loosers during the day, I book them all into account at the end of the day...
and there is the fundamental difference between us. Still works the same. I just do it on a more long term basis. However, I don't average winners and losers. I average winners only. Okay so maybe I take a small loss here and there of maybe a few pips but most of them are winners by hundreds of pips. The last time I took a big loss on a trade was last summer for 100 pips on the massive short squeeze to 1.42xx. That of course was averaged in to the winners at the time though.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,828
  • Jun 7, 2012 5:52am Jun 7, 2012 5:52am
Quoting PipTrapper
I always close on green pips simply because of my averaging methods. Any short trades I take below 1.46 and recently below 1.34 are scale-in trades which are smaller in size than the master shorts at the two above noted levels. I also take partial profit several times from each entry.

As for profits being eaten up by swap, on the contrary, I earn swap from my E/U shorts.

Also I have never had 10 to 20 positions opened simultaneously. The most I have ever had was 8 and currently I have 5 shorts on E/U ranging from 1.4647 to 1.2773

Attachment ...
Hehe, we can see your lot size if we know your entry and current profit
An opportunity lost is not a capital cost.
  • #34,829
  • Jun 7, 2012 5:53am Jun 7, 2012 5:53am
Quoting balanced2012
is that head and shoulders forming on 15m ??

could anyone confirm please ??
I see a completed h/s pattern on M1, but that's completed now.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,830
  • Jun 7, 2012 5:54am Jun 7, 2012 5:54am
Quoting BFSGcapital
got my sell limits in

one at 1.2595 , stop 1.271

and a bigger one at 1.2615 with tight stop at 1.2650

largest at 1.2680, stop at 1.2671

edit: might remove the 2595 and enter if price action starts showing down
i swear they read my posts (they meaning those who are moving the market,lol..) ....95 sell limit missed by 1 pip, and i was going to set it to 93... i swear the thought came into my head that 95 would miss just barely

intuition, intuition, intuition, i need to believe in mine more.
An opportunity lost is not a capital cost.
  • #34,831
  • Jun 7, 2012 5:54am Jun 7, 2012 5:54am
Those are nice trades!

but, if you keep the volume hidden, you should keep the profit too.

Based on your SELL limits , are you expecting the EU to go back to 1.27?

Regards,
Vlad

Quoting PipTrapper
I always close on green pips simply because of my averaging methods. Any short trades I take below 1.46 and recently below 1.34 are scale-in trades which are smaller in size than the master shorts at the two above noted levels. I also take partial profit several times from each entry.

As for profits being eaten up by swap, on the contrary, I earn swap from my E/U shorts.

Also I have never had 10 to 20 positions opened simultaneously. The most I have ever had was 8 and currently I have 5 shorts on E/U ranging from 1.4647 to 1.2773

Attachment ...
  • #34,832
  • Jun 7, 2012 5:55am Jun 7, 2012 5:55am
Quoting BFSGcapital
Hehe, we can see your lot size if we know your entry and current profit
True, but you don't know my current profit. the numbers under the profit column are displayed in pips, not Euros
Those who say it cannot be done should not interrupt those who are doing it
  • #34,833
  • Jun 7, 2012 5:56am Jun 7, 2012 5:56am
Quoting vladrac
Those are nice trades!

but, if you keep the volume hidden, you should keep the profit too.


Regards,
Vlad
Profit is shown in pips not currency amount.
  • #34,834
  • Jun 7, 2012 5:56am Jun 7, 2012 5:56am
Quoting balanced2012
is that head and shoulders forming on 15m ??

could anyone confirm please ??
nope
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #34,835
  • Edited 6:00am Jun 7, 2012 5:56am | Edited 6:00am
Quoting PipTrapper
I see a completed h/s pattern on M1, but that's completed now.


appreciated !!!
“Don't cry because it's over, smile because it happened.”
  • #34,836
  • Jun 7, 2012 5:58am Jun 7, 2012 5:58am
Quoting halkins
Anyway PT, you should change your nick name to MOP; Master of Patience.
I can't imagine myself keeping open position form 1.4600(!) experiencing all those ups and downs, political disturbances, NFP, GDP etc etc, all small and big hurdles on it's way to where we are now,
Nahh. I prefer PipTrapper. A trapper's main attribute is in fact patience.
Those who say it cannot be done should not interrupt those who are doing it
  • #34,837
  • Jun 7, 2012 5:59am Jun 7, 2012 5:59am
Quoting PipTrapper
True, but you don't know my current profit. the numbers under the profit column are displayed in pips, not Euros
Oh really?

I figured those were all 1 lot trades.
An opportunity lost is not a capital cost.
  • #34,838
  • Jun 7, 2012 5:59am Jun 7, 2012 5:59am
Hitting the wire, China just cut interest rate! Details coming.
  • #34,839
  • Jun 7, 2012 6:00am Jun 7, 2012 6:00am
BOE unchanged and no QE increase!
  • #34,840
  • Jun 7, 2012 6:01am Jun 7, 2012 6:01am
lovely spike and up @eur n gold
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
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