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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #35,781
  • Jun 12, 2012 1:55am Jun 12, 2012 1:55am
Quoting siforex
Hikk...hikk.....hikk....
how bout u? ever trapped?
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,782
  • Jun 12, 2012 1:57am Jun 12, 2012 1:57am
2477, 5m bullish divergence, looks to be two 15m pin bars forming here too (i give two some respect)

to be honest it still feels over sold, although there is room for more down today definitely.
An opportunity lost is not a capital cost.
  • #35,783
  • Jun 12, 2012 1:58am Jun 12, 2012 1:58am
Quoting changbachang
how bout u? ever trapped?
I am 99.99% sure that everybody here has had at least 1 losing trade. Don't let it get to you. I had a few losing trades last week...had to sit on the side lines and regroup my thoughts. And even after that, I left a few sell limit orders open over the weekend. Luckily for me the gap was closed and I am now in profit.

Just figure out what you did wrong, and try your best not to do it again.

Remember, there's no better way of learning than experiential learning!
  • #35,784
  • Jun 12, 2012 2:02am Jun 12, 2012 2:02am
Any trader who says they have never had a losing trade is either A) a liar or B) only been trading for a week or so and it's beginners luck
An opportunity lost is not a capital cost.
  • #35,785
  • Jun 12, 2012 2:05am Jun 12, 2012 2:05am
Quoting BFSGcapital
Any trader who says they have never had a losing trade is either A) a liar or B) only been trading for a week or so and it's beginners luck
Exactly! LOL
  • #35,786
  • Jun 12, 2012 2:07am Jun 12, 2012 2:07am
lmao at london open... 2504 s/l hit at BE, but at least i took partial profit.

why does it happen EXACTLY as london opens? where does all the liquidity come from in comparison to say, 2 minutes before London open? or 30 minutes? how come its exactly at the open when we get a large increase in liquidity?
An opportunity lost is not a capital cost.
  • #35,787
  • Jun 12, 2012 2:08am Jun 12, 2012 2:08am
Quoting 100PipsADay
I am 99.99% sure that everybody here has had at least 1 losing trade. Don't let it get to you. I had a few losing trades last week...had to sit on the side lines and regroup my thoughts. And even after that, I left a few sell limit orders open over the weekend. Luckily for me the gap was closed and I am now in profit.

Just figure out what you did wrong, and try your best not to do it again.

Remember, there's no better way of learning than experiential learning!
Morning all,

I do agree on this, with respect to new comers that think that it is easy money. I was on a course on Sunday. That is why I do keep a trading journal up to date so I can learn from every trade I do. Profit or loss.
He who fears being conquered is sure of defeat - Napoleon Bonaparte
  • #35,788
  • Jun 12, 2012 2:10am Jun 12, 2012 2:10am
Quoting 100PipsADay
I am 99.99% sure that everybody here has had at least 1 losing trade. Don't let it get to you. I had a few losing trades last week...had to sit on the side lines and regroup my thoughts. And even after that, I left a few sell limit orders open over the weekend. Luckily for me the gap was closed and I am now in profit.

Just figure out what you did wrong, and try your best not to do it again.

Remember, there's no better way of learning than experiential learning!
well of course , never lose = either paranormal,or from the future(that back to this time) ahaha , nope never get to meh , losing winning its just money (of course first feel angry/stupid/etc lol), not life or what , got lot of experience tou.. so its cool
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,789
  • Jun 12, 2012 2:11am Jun 12, 2012 2:11am
Quoting BFSGcapital
Any trader who says they have never had a losing trade is either A) a liar or B) only been trading for a week or so and it's beginners luck
y (fast n simple answer..lol)
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,790
  • Jun 12, 2012 2:18am Jun 12, 2012 2:18am
Quoting BFSGcapital
lmao at london open... 2504 s/l hit at BE, but at least i took partial profit.

why does it happen EXACTLY as london opens? where does all the liquidity come from in comparison to say, 2 minutes before London open? or 30 minutes? how come its exactly at the open when we get a large increase in liquidity?

Yeah I'd love to know this too, preferably from someone who has worked in a bank!

Surely sometimes people come in to work a bit early and put a trade on , and why can't bank's branch in Tokyo put on a trade for the guys in London?

What is the mechanism of the session opening or is it simply to coincide with the FTSE/DAX open and that no one wants to put on a trade before seeing how the market is acting?
"Don't Panic..."
  • #35,791
  • Jun 12, 2012 2:19am Jun 12, 2012 2:19am
RSI 20- or 80+ its almost like a guaranteed scalp... pretty much the only thing that can stop it from not pulling back is a consolidation to bring it back to normal condition and not over bought
An opportunity lost is not a capital cost.
  • #35,792
  • Jun 12, 2012 2:19am Jun 12, 2012 2:19am
ho eur usd suddenly got quite strong support
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,793
  • Jun 12, 2012 2:23am Jun 12, 2012 2:23am
Quoting changbachang
ho eur usd suddenly got quite strong support
That's what im wondering, why do dramatic moves happen exactly at London open?

FX is open 24/5 so I don't see what causes it, bond market perhaps?

1m bearish divergence at 2516, after RSI hit 83ish. my goodness these are powerful.
An opportunity lost is not a capital cost.
  • #35,794
  • Jun 12, 2012 2:24am Jun 12, 2012 2:24am
Quoting BFSGcapital
That's what im wondering, why do dramatic moves happen exactly at London open?

FX is open 24/5 so I don't see what causes it, bond market perhaps?
anything, i enter short now(but in demo account) lol
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,795
  • Jun 12, 2012 2:28am Jun 12, 2012 2:28am
Quoting BFSGcapital
That's what im wondering, why do dramatic moves happen exactly at London open?

FX is open 24/5 so I don't see what causes it, bond market perhaps?

1m bearish divergence at 2516, after RSI hit 83ish. my goodness these are powerful.
Middle east sovereign buy, if they want they can do everything.... even move 30 pips EU at London open.....
  • #35,796
  • Jun 12, 2012 2:30am Jun 12, 2012 2:30am
Quoting changbachang
anything, i enter short now(but in demo account) lol
good luck, but 15m candle closed pretty full, i think it might be a scalp a scalp at most, i missed that 1m bearish divergence that was good for 15 pips.

2510 is 23.6 fib of yesterdays down move and now acting as support
An opportunity lost is not a capital cost.
  • #35,797
  • Jun 12, 2012 2:30am Jun 12, 2012 2:30am
Quoting forexboom
Middle east sovereign buy, if they want they can do everything.... even move 30 pips EU at London open.....
if they didn't do that, then we wouldn't get more opportunities to short.
Those who say it cannot be done should not interrupt those who are doing it
  • #35,798
  • Jun 12, 2012 2:31am Jun 12, 2012 2:31am
Middle east bus, next stop 1.254x
  • #35,799
  • Jun 12, 2012 2:33am Jun 12, 2012 2:33am
Someone talking about a 10% possibility, last stop for middle east bus will be 1.2651!!!!
  • #35,800
  • Jun 12, 2012 2:35am Jun 12, 2012 2:35am
Quoting PipTrapper
if they didn't do that, then we wouldn't get more opportunities to short.
Would larger players want to kind of hang back this week since most of the event risk is next week and the following week, particularly SUnday? I mean, avoid taking a stand, and letting the retail traders take center stage (possibly greater volatility) this week...
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