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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #37,921
  • Jun 18, 2012 2:56pm Jun 18, 2012 2:56pm
Quoting PipTrapper
Yes they do.
All US residents are subject to these rules

1. Maximum 50:1 leverage
2. No hedging on same pair allowed
3. All positions have to be executed FIFO
FIFO sucks, you can sort of go around the second two rules with Oanda, I enter my positions so they differ by 1 oanda unit (equal to 0.00001 lot) so the rules don't apply and I can close them in whatever order I want since they are positions of different sizing

and I *think* if you have sub accounts setup you can take a "hedge" but you have to switch between the two (haven't tested myself, never found a hedge strategy i like)
  • #37,922
  • Jun 18, 2012 3:27pm Jun 18, 2012 3:27pm
Quoting neuron
and I *think* if you have sub accounts setup you can take a "hedge" but you have to switch between the two (haven't tested myself, never found a hedge strategy i like)
Let's say you have a long term short position from 1,42 on E/U and you also want to take advantage of some intraday trades (long and short)

FIFO and no hedge rule ruins it. True you can get around the FIFO rule but it's a pain regardless. By the way, I never quite got the point of the FIFO rule, but then hardly any of the NFA & CFTC rules make any sense anyway.
Those who say it cannot be done should not interrupt those who are doing it
  • #37,923
  • Jun 18, 2012 3:30pm Jun 18, 2012 3:30pm
i think i find a new pattern, i name it N Pattern (dont know if someone already named/find it), check this , the 'rule' is the bar inside the 'N' body is 3 or 4 that close inside the 'N' wall and have same color or have 1 other color (i.e 2 bull 1 bear) but small size and still make N shape, and the N wall (left and right) must be 90% same in height ,have same color , if the next price bar(1 bar after the right 'N' wall) close below 60% of the right 'N' wall, its not valid
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redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #37,924
  • Jun 18, 2012 3:39pm Jun 18, 2012 3:39pm
Back awake, I closed my 64 long at 78, it just was not moving and I love profits Perhaps Asia will take it back to 1.26 which was my profit target originally, but not going to let them wipe out those profits.

There are some really great demo trading contests around the world (5000 euros a month) but because I am from U.S. I cannot participate. Maybe I shall do what you recommend PT and get a place in Canada. I actually was looking into getting an out of country residence regardless.

Add: lmao, the range of the last 5m bar was less than 1 pip... 707 to 715 on my chart, liquidity is dead for today lol
An opportunity lost is not a capital cost.
  • #37,925
  • Jun 18, 2012 3:40pm Jun 18, 2012 3:40pm
Quoting changbachang
i think i find a new pattern, i name it N Pattern (dont know if someone already named/find it), check this , the 'rule' is the bar inside the 'N' body is 3 or 4 that close inside the 'N' wall and have same color or have 1 other color (i.e 2 bull 1 bear) but small size and still make N shape, and the N wall (left and right) must be 90% same in height ,have same color , if the next price bar(1 bar after the right 'N' wall) close below 60% of the right 'N' wall, its not valid

Hi Chang,

it's "Shita banare sanpoo hodatekomi" and it's "Uwa banare sanpoo ohdatekomi" familly patterns.

regards.

S.T
  • #37,926
  • Jun 18, 2012 3:40pm Jun 18, 2012 3:40pm
There is no way they are going to make it without more EU concessions.

FUBAR I say... FUBAR!!!!!

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Those who say it cannot be done should not interrupt those who are doing it
  • #37,927
  • Jun 18, 2012 3:46pm Jun 18, 2012 3:46pm
Quoting PipTrapper
There is no way they are going to make it without more EU concessions.

FUBAR I say... FUBAR!!!!!

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And this week on "As the World Turns"

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  • #37,928
  • Jun 18, 2012 3:50pm Jun 18, 2012 3:50pm
Quoting sharteel
Hi Chang,

it's "Shita banare sanpoo hodatekomi" and it's "Uwa banare sanpoo ohdatekomi" familly patterns.

regards.

S.T
wew weird names.. oh well , must search patterns (just for knowledge) , ok thx a lot
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #37,929
  • Jun 18, 2012 3:56pm Jun 18, 2012 3:56pm
Sometimes I forget we are living in unprecedented times. All that matters is debt to GDP. We got a tiny deflation in 2008, but nothing compared to what we saw in great depression.

Markets will force this again, its obvious.

It's a long spiral but those who says gold will be in the 10 thousands are not being unrealistic by any standards. It will just take until the year 2020 until you see gold that much.

But people would be call you nuts if you said gold could increase 6 fold in 2000. Why can't it increase 6 fold again? We haven't even seen the BIG liquidity injections yet, but they are coming no doubt about it.

Personally you want to know what I do (for my personal investments) . I hold 4/5 of my trading cash in gold and silver (say I had $500 in trade cash, i would keep 200 in silver, 200 in gold and 100 in the trading account) and then trade by using more leverage. If I am going to use 1x leverage on a trade, I will trade 5x the amount of capital in the account (which is still 1x). This allows me to keep as much of my wealth out of electric/digital currency, as possible, as well as capitalize on the metals bull market (which is correcting right now and probably won't be resuming until 2013)
An opportunity lost is not a capital cost.
  • #37,930
  • Jun 18, 2012 4:12pm Jun 18, 2012 4:12pm
Quoting changbachang
wew weird names.. oh well , must search patterns (just for knowledge) , ok thx a lot
Chang,
Check this book ==> http://books.google.com/books?id=SgNMpK7uWJIC

PT

http://fx7days.com/Files/school/10_2...%20method1.png
Those who say it cannot be done should not interrupt those who are doing it
  • #37,931
  • Jun 18, 2012 4:17pm Jun 18, 2012 4:17pm
Bed time. Good night.

http://2.bp.blogspot.com/-kYaGGFwu2V...600/sleepy.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #37,932
  • Jun 18, 2012 4:26pm Jun 18, 2012 4:26pm
Quoting PipTrapper
Bed time. Good night.

http://2.bp.blogspot.com/-kYaGGFwu2V...600/sleepy.jpg
Lol, goodnight PT, see you tomorrow.
An opportunity lost is not a capital cost.
  • #37,933
  • Jun 18, 2012 4:26pm Jun 18, 2012 4:26pm
Quoting PipTrapper
Chang,
Check this book ==> http://books.google.com/books?id=SgNMpK7uWJIC

PT

http://fx7days.com/Files/school/10_2...%20method1.png
oki doki thx thx thx
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #37,934
  • Jun 18, 2012 4:44pm Jun 18, 2012 4:44pm
Quoting Luis Carlos
I think the market doesnt like me anymore. I hate FLAT corrections. Still waiting retest 1.256.. Maybe a GAP down...

I need a vacations..
Maybe the pullback is over and we going just down. Look perfect dollar target took it.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,935
  • Jun 18, 2012 5:07pm Jun 18, 2012 5:07pm
Did you remember? Red one wins!
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Click to Enlarge Name: spx5001.PNG Size: 65 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #37,936
  • Jun 18, 2012 7:50pm Jun 18, 2012 7:50pm
such a chicken for not holding my 2564 entry i knew we were going to retrace at least to 1.26, just needed the patience for some more liquidity to show up (and it usually does a couple hours after NY close)

i love fx trading because it cannot be perfected, it cannot even really be mastered, but it can always be improved upon and there is no trader in the world who can say that isnt true for them

not letting my winners run as much as i'd like but bright side is that my entries have been really good lately
An opportunity lost is not a capital cost.
  • #37,937
  • Jun 18, 2012 7:55pm Jun 18, 2012 7:55pm
Quoting BFSGcapital
such a chicken for not holding my 2564 entry i knew we were going to retrace at least to 1.26, just needed the patience for some more liquidity to show up (and it usually does a couple hours after NY close)

i love fx trading because it cannot be perfected, it cannot even really be mastered, but it can always be improved upon and there is no trader in the world who can say that isnt true for them

not letting my winners run as much as i'd like but bright side is that my entries have been really good lately
I wish I was as chicken as you. I wouldn't STILL be holding long U/C with 50:1 leverage
  • #37,938
  • Jun 18, 2012 8:02pm Jun 18, 2012 8:02pm
Quoting BFSGcapital
such a chicken for not holding my 2564 entry i knew we were going to retrace at least to 1.26, just needed the patience for some more liquidity to show up (and it usually does a couple hours after NY close)

i love fx trading because it cannot be perfected, it cannot even really be mastered, but it can always be improved upon and there is no trader in the world who can say that isnt true for them

not letting my winners run as much as i'd like but bright side is that my entries have been really good lately
such a chicken = not a pig = not slaughtered =
  • #37,939
  • Jun 18, 2012 8:11pm Jun 18, 2012 8:11pm
you me both bro - it seems like everytime I decide to let it run - it craps me out at BE = and that happens alot - which is fine but when weigh up all the times it costs.. VS yesterday, one of very few times I decide to take profit - drops another 60 pips HAHA

like you say - its awesome

Quoting BFSGcapital
such a chicken for not holding my 2564 entry i knew we were going to retrace at least to 1.26, just needed the patience for some more liquidity to show up (and it usually does a couple hours after NY close)

i love fx trading because it cannot be perfected, it cannot even really be mastered, but it can always be improved upon and there is no trader in the world who can say that isnt true for them

not letting my winners run as much as i'd like but bright side is that my entries have been really good lately
"Millionaires don't use astrology, billionaires do"
  • #37,940
  • Jun 18, 2012 8:26pm Jun 18, 2012 8:26pm
hey my friends

after reviewing the markets Ive decided today is not a good day to trade... gotta wait for the markets to settle...

So Im goin to bed early...lol
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