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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #36,601
  • Jun 13, 2012 7:53am Jun 13, 2012 7:53am
Quoting aurel_79
us bad news and ... still down....!!!!!!!!!!!???????????why"s that
Because Europe has worse conditions than US. News trades are very jerky, as in knee-jerk reactions driven by fear and greed. That's why a good understanding of market psychology and loads of patience are key to success in this business. The markets move on trader and investor reactions... not on fundamentals or technicals alone.
Those who say it cannot be done should not interrupt those who are doing it
  • #36,602
  • Jun 13, 2012 7:54am Jun 13, 2012 7:54am
Quoting PipTrapper
Good play
Dang it. PA still stuck in twilight zone. Price is also boucing off the lower rising channel from 4 hr chart of last L/H.
  • #36,603
  • Jun 13, 2012 7:54am Jun 13, 2012 7:54am
Quoting Chika Kure
That fear is real, let me tell you that. Who was short - well, they got a very "nice" slippage on top of SL. Only on best setups on larger TF. And even then, use smaller lot than on currencies. I use only 1/3 of my currencies standard lot for Gold.
my biggest loss is 20% (now already covered) and its just with 1 single gold trade 0.05 lot.. lol ,live
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #36,604
  • Jun 13, 2012 7:55am Jun 13, 2012 7:55am
Quoting PeepPeep
Skynet,

Other than 1.2449 being low for 3 days, what made you enter that long? What was SL in Pips?

Btw today is very choppy day... Again bad for test of my new strategy

why did i go long? sentiment analysis. there is soo much negative mojo about the eur/usd that is time for a rally. even if it is a shortlived one. so, i look for the right technical levels to put that hypothesis to the test.

In so doing--going LONG--i was pretty much going against popular crowd beliefs....but you need the courage of your convictions....you need to be able to stand alone and trade your plan.

my SL with eur/usd varies with the setups....it can be as small as 25 pips to as large as 50pips...the 1st long position at 1.2489 used 50pips SL (the S/R level wasnt the strongest.)...the second entry at 1.2449(used 25 pips SL)....there is a special kind of london open breakout that i trade...where i tends to use roughly -10pips SL....where i use as my TP = 100 pips = average daily range of the eur/usd.


Quoting PipTrapper
Congrats
Are you short now?
thanks, mr. landlord,
am i short? Not yet....looking for a good area....prime spot will be 1.2644(dont know if eur/usd will even rise that far up)....otherwise, i will be looking for shorts on the downside....

Quoting afos
skynet how about a buy above 12545?
i was thinking about one as this has been a significant barrier , and once broken well possibly to 126.2?
I honestly dont know. Like i said in one of my earlier post about my long entry, after 1.2540ish...it is anybody's guess what will happen. Price getting to 1.2540ish--that, i was confident about...anything after that? i have no idea.


Quoting Cgb
Nice going
thanks, man.

Quoting billytt
hi everyone, SKYNET how was your long? i managed a small 20 pip long earlier and at present i am awaiting to be triggered. BFSGCAPITAL did you say yesterday you scalp
my long did fine. closed it out now for +100pips. thanks for asking. Still waiting for it to trigger? what is your entry point?
" It may mean something. It may mean nothing at all "
  • #36,605
  • Jun 13, 2012 7:56am Jun 13, 2012 7:56am
Quoting FXSwissTrader
Dang it. PA still stuck in twilight zone. Price is also boucing off the lower rising channel from 4 hr chart of last L/H.
http://cdn103.iofferphoto.com/img/it...n7KN9Aha7L.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #36,606
  • Jun 13, 2012 7:56am Jun 13, 2012 7:56am
Quoting mk77ch
if price will really not close higher, i see this as a very bearish sign.
but lets wait, maybe its just taking a nap before the run.
12550...manny traders have placed here sell pendings.. and a little higher 12560.. and that way .. but lets see..
  • #36,607
  • Jun 13, 2012 7:57am Jun 13, 2012 7:57am
Quoting Cgb
Keep 1625.05 as resistance level. Now at 1620.13 ....
just gonna watch the movement, but i think that resistance is weak, i think the real resis @ 1628.00
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #36,608
  • Jun 13, 2012 8:01am Jun 13, 2012 8:01am
Quoting PipTrapper
http://cdn103.iofferphoto.com/img/it...n7KN9Aha7L.jpg
Potential bearish divergence forming on 4 hr TF. Keep an eye. Stochs getting ready to go into overbought.
  • #36,609
  • Jun 13, 2012 8:03am Jun 13, 2012 8:03am
How do you like that H1 candle right in..what apears to be a bullflag(!?) hmm?
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  • #36,610
  • Jun 13, 2012 8:03am Jun 13, 2012 8:03am
Quoting changbachang
just gonna watch the movement, but i think that resistance is weak, i think the real resis @ 1628.00
What's a buck or two betweens friends
I observe your reality but live my own.
  • #36,611
  • Jun 13, 2012 8:04am Jun 13, 2012 8:04am
the big boys get into their long positions at much lower prices and the best moment to take profit is on a breakout after news, pushing prices higher to sell to the public.

never buy/sell the breakout itself, buy/sell the retracement.
.:: your stop loss is another trader's first target ::.
  • #36,612
  • Jun 13, 2012 8:04am Jun 13, 2012 8:04am
nope its not abullflag .. its a vagina formation
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  • #36,613
  • Jun 13, 2012 8:04am Jun 13, 2012 8:04am
Attached Image (click to enlarge)
Click to Enlarge Name: Futures.jpg Size: 74 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #36,614
  • Edited 8:18am Jun 13, 2012 8:05am | Edited 8:18am
Quoting Cgb
Keep 1625.05 as resistance level. Now at 1620.13 ....
what i am seeing on my end: each touch of that trendline is a potential short...the best one, in my humble opinion, is when price gets to 1.2624(if price ever gets there....)

ADDENDUM: OF COURSE, can price choose to disrespect that line subsequently? absolutely. market is imprecise. price might hug that line? yes...market is imprecise. However, it market behaves the way i outline...when it gets to 1.2624...i will short it.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-06-13_09-10_OANDA.jpg Size: 55 KB
" It may mean something. It may mean nothing at all "
  • #36,615
  • Jun 13, 2012 8:09am Jun 13, 2012 8:09am
Quoting Cgb
What's a buck or two betweens friends
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #36,616
  • Jun 13, 2012 8:09am Jun 13, 2012 8:09am
Quoting Likerty
nope its not abullflag .. its a vagina formation


http://images2.wikia.nocookie.net/__..._Formation.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #36,617
  • Jun 13, 2012 8:09am Jun 13, 2012 8:09am
Quoting Skynet
what i am seeing on my end: each touch of that trendline is a potential short...the best one, in my humble opinion, is when price gets to 1.2624(if price ever gets there....)
I'm looking at the daily for gold. This is my chart from last week where 1625.05 (on the daily close) held.
Attached Image (click to enlarge)
Click to Enlarge Name: Gold_Jun13_0906.gif Size: 133 KB
I observe your reality but live my own.
  • #36,618
  • Jun 13, 2012 8:09am Jun 13, 2012 8:09am
Quoting Skynet
what i am seeing on my end: each touch of that trendline is a potential short...the best one, in my humble opinion, is when price gets to 1.2624(if price ever gets there....)
every second touch of these lines will be less precise..
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  • #36,619
  • Jun 13, 2012 8:12am Jun 13, 2012 8:12am
Today could be the day for confirmation!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #36,620
  • Jun 13, 2012 8:13am Jun 13, 2012 8:13am
Quoting PipTrapper


http://images2.wikia.nocookie.net/__..._Formation.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: Nuotrauka0338.jpg Size: 160 KB
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