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EurAnalysis Kindergarten 24 replies

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  • #35,821
  • Jun 12, 2012 3:08am Jun 12, 2012 3:08am

2477 key area for me too bro!!



Quoting BFSGcapital
Lol its funny for the market makers, sometimes to get the short price you want, you have to go long first Completely faded, bull trap.

Closed half of short at 2482 for +37 will add other half back on a break of 2477 with a tight stop loss.
"Millionaires don't use astrology, billionaires do"
  • #35,822
  • Jun 12, 2012 3:16am Jun 12, 2012 3:16am
Quoting 100PipsADay


Man you seem to do pretty well. You said you are only 22 right?

Kudos to you BFSG!
Thank you, I'm on fire today for some reason... it helps that I don't use leverage anymore, almost never.

100 pips a day with 1x leverage is the name of the game

Also i watch PA 50-70 hours I week, I don't have a social life, hah

Added otehr half short at 2477, stop loss 2492 (so if it gets stopped out I don't lose much profit from earlier)

Edit: Yes im 22
An opportunity lost is not a capital cost.
  • #35,823
  • Jun 12, 2012 3:16am Jun 12, 2012 3:16am
Quoting forex_growth

2477 key area for me too bro!!
break break break *alarm
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,824
  • Jun 12, 2012 3:19am Jun 12, 2012 3:19am
Quoting BFSGcapital
Thank you, I'm on fire today for some reason... it helps that I don't use leverage anymore, almost never.

100 pips a day with 1x leverage is the name of the game

Also i watch PA 50-70 hours I week, I don't have a social life, hah

Added otehr half short at 2477, stop loss 2484 (so if it gets stopped out I don't lose much profit from earlier)
LOL

100PipsADay is the name of the game!

That is also my target, however, sometimes I fall short. Other times I do much better!

Keep up the good work!
  • #35,825
  • Jun 12, 2012 3:19am Jun 12, 2012 3:19am
Quoting changbachang
break break break *alarm
15 min close below here would be good - and then a new low for the week...
"Millionaires don't use astrology, billionaires do"
  • #35,826
  • Jun 12, 2012 3:20am Jun 12, 2012 3:20am
Read "trading in the zone"

I found it really helpful to overcome challenges in trading

Quoting changbachang
my problem maybe is im often go blank when its live , do very little analysis and scared to enter trade(turns out to be profitable)
  • #35,827
  • Jun 12, 2012 3:21am Jun 12, 2012 3:21am
The name of teh game is risk management.

So you are right, depending on your account size, trade with whatever leverage is comfortable for you.

Quoting BFSGcapital
Thank you, I'm on fire today for some reason... it helps that I don't use leverage anymore, almost never.

100 pips a day with 1x leverage is the name of the game

Also i watch PA 50-70 hours I week, I don't have a social life, hah

Added otehr half short at 2477, stop loss 2492 (so if it gets stopped out I don't lose much profit from earlier)

Edit: Yes im 22
  • #35,828
  • Jun 12, 2012 3:25am Jun 12, 2012 3:25am
Quoting 100PipsADay
LOL

100PipsADay is the name of the game!

That is also my target, however, sometimes I fall short. Other times I do much better!

Keep up the good work!
haha thats why I said that

Just bounced off 5m bollinger bottom, and i didn't notice earlier, but we had a 30m bear div as well.
An opportunity lost is not a capital cost.
  • #35,829
  • Jun 12, 2012 3:25am Jun 12, 2012 3:25am
Quoting BrunargarFx
Read "trading in the zone"

I found it really helpful to overcome challenges in trading
by Mark Douglas? ok thx
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,830
  • Jun 12, 2012 3:26am Jun 12, 2012 3:26am
Quoting forex_growth
15 min close below here would be good - and then a new low for the week...
well it close below that

edit 1 : now bounce up again
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,831
  • Jun 12, 2012 3:28am Jun 12, 2012 3:28am
1.24700 support getting killed
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,832
  • Jun 12, 2012 3:29am Jun 12, 2012 3:29am
2 minutes left on mine...

see how she fairs.. slowing a little now

Quoting changbachang
well it close below that
"Millionaires don't use astrology, billionaires do"
  • #35,833
  • Jun 12, 2012 3:32am Jun 12, 2012 3:32am
Quoting forex_growth
2 minutes left on mine...

see how she fairs.. slowing a little now
to me that bull moves is looks like take profit move
edit 1 : or not lol
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #35,834
  • Jun 12, 2012 3:32am Jun 12, 2012 3:32am
Quoting BrunargarFx
The name of teh game is risk management.

So you are right, depending on your account size, trade with whatever leverage is comfortable for you.
Yes this is what I meant really. If you trade an amount that is uncomfortable for you, you won't have the confidence to make trades or hold trades

But 100 pips a day with 1x leverage is ~1000% a year

My daily goal is about 0.5%, and I have already hit it today, but letting this short play out and will probably close it around 2460

2477 isnt the greatest spot to short because of the support we have below it (although i did it anyway) A break of 2450 would be a better spot.

We did just get 1m bull div so a bounce here isn't unexpected, not to mention first test of 5m bollinger
An opportunity lost is not a capital cost.
  • #35,835
  • Jun 12, 2012 3:38am Jun 12, 2012 3:38am
Bastards kissed my stop loss at 2492, Knew I should not have shorted 77 (after the fact lol) as there was support under there anyway.

S/L hit so -15, now only +22 from 1/2, and the other half is riding sitting at +35 with S/L at BE -5 (2524)
An opportunity lost is not a capital cost.
  • #35,836
  • Jun 12, 2012 3:39am Jun 12, 2012 3:39am
Still no electricity and my laptop battery will be drained soon.
Si I guess I'll just have to monitor price from my Blackberry... for as long as that battery lasts
Those who say it cannot be done should not interrupt those who are doing it
  • #35,837
  • Jun 12, 2012 3:42am Jun 12, 2012 3:42am
that sucks!!

good luck with the battery bro!

Quoting PipTrapper
Still no electricity and my laptop battery will be drained soon.
Si I guess I'll just have to monitor price from my Blackberry... for as long as that battery lasts
"Millionaires don't use astrology, billionaires do"
  • #35,838
  • Jun 12, 2012 3:42am Jun 12, 2012 3:42am
Quoting BFSGcapital
Bastards kissed my stop loss at 2492, Knew I should not have shorted 77 (after the fact lol) as there was support under there anyway.

S/L hit so -15, now only +22 from 1/2, and the other half is riding sitting at +35
DON"T be pissed of.. u r green ... with few small red... we do not see that red .. so keep traiding.. have faith trust in ur skils.....!!!!!!!!
we all have red...so keep traiding...
  • #35,839
  • Jun 12, 2012 3:43am Jun 12, 2012 3:43am
Gee, it's getting worst and worst
Sorry to hear that It's pretty irirtating.

You could go elsewhere and plug your laptop...
Quoting PipTrapper
Still no electricity and my laptop battery will be drained soon.
Si I guess I'll just have to monitor price from my Blackberry... for as long as that battery lasts
  • #35,840
  • Jun 12, 2012 3:43am Jun 12, 2012 3:43am
Can I ask a question pls. When will you say a level is break? A close of 5min, 15min or 1hr? or is it when price just move pass through it?
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
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