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EurAnalysis Kindergarten 24 replies

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  • #38,161
  • Jun 19, 2012 11:25am Jun 19, 2012 11:25am
Quoting ERedRick
changbachang, I have been intrigued by your tag line (or whatever they call it) for quite some time. Do you have a strategy where you're implementing that idea? I know there have been times when it seemed like someone was playing me that way
Since I occassionally ask folks for strategy explanations, as I did a few minutes ago, perhaps I should share what I do. Not that anybody would want it ... Currently I do a martingale kind of hedge, mainly E/U short vs. A/U long & N/U long.

A few years ago I had a British account that allowed full hedging, & would open a full hedged position, wait for it to move significantly, take the profit one way, & then close out the other side when it moved enough to make the whole trade profitable. Worked great when I had not a clue as to direction! I tripled an account in 4 months with this.

Unfortunately, being US, Dodd-Frank bill forced repatriation of foreign forex accounts, no hedging allowed here - though I imagine the banks can! "Land of the free"...

So that's why I use A/U & N/U now. Sucks when the correlations fall apart! But it's the best I can do with US rules. Requires much more margin to, so slows everything down. I'm still floundering with figuring out how to make it work, that's why I ask folks what they're doing to see how I might improve what I'm doing.

For what it's worth...
  • #38,162
  • Jun 19, 2012 11:31am Jun 19, 2012 11:31am
Quoting changbachang
think like stupid...
I like that! Sometimes I'll try to grab a quick scalp, & if I could actually make myself think opposite to the way I think I would take the correct position, which means the one OPPOSITE of the one I actually took!
  • #38,163
  • Jun 19, 2012 11:33am Jun 19, 2012 11:33am
Quoting ERedRick
Since I occassionally ask folks for strategy explanations, as I did a few minutes ago, perhaps I should share what I do. Not that anybody would want it ... Currently I do a martingale kind of hedge, mainly E/U short vs. A/U long & N/U long.

A few years ago I had a British account that allowed full hedging, & would open a full hedged position, wait for it to move significantly, take the profit one way, & then close out the other side when it moved enough to make the whole trade profitable. Worked great when I had not a clue as to direction!...
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #38,164
  • Jun 19, 2012 11:34am Jun 19, 2012 11:34am
Quoting ERedRick
I like that! Sometimes I'll try to grab a quick scalp, & if I could actually make myself think opposite to the way I think I would take the correct position, which means the one OPPOSITE of the one I actually took!
dont forget to bring back the smart side after think like stupid
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #38,165
  • Jun 19, 2012 11:39am Jun 19, 2012 11:39am
trying long @ current level
stop @ 1.2556 risk 2% Tp : 1.31


Good nitez
If there was easy money lying around,no one would be forcing it into your
  • #38,166
  • Jun 19, 2012 11:50am Jun 19, 2012 11:50am
Quoting FXMindset
trying long @ current level
stop @ 1.2556 risk 2% Tp : 1.31


Good nitez
Quite the low R/R trade.. at least with low leverage though

Good luck to you, but no way gas is going to $5.00 on election year (QE3, only way I can see 1.31)

An opportunity lost is not a capital cost.
  • #38,167
  • Jun 19, 2012 11:53am Jun 19, 2012 11:53am
Quoting BFSGcapital
Quite the low R/R trade.. at least with low leverage though

Good luck to you, but no way gas is going to $5.00 on election year (QE3, only way I can see 1.31)

Everyone have different trade and what am see is you should learn more
If there was easy money lying around,no one would be forcing it into your
  • #38,168
  • Jun 19, 2012 11:55am Jun 19, 2012 11:55am
Quoting FXMindset
Everyone have different trade and what am see is you should learn more
Everyone is so defensive on these forums, that's why I never say anything about peoples trades. I guess I could have put it more politely??

I just think its a bit cocky to go for a profit target that far away. It's just not happening without QE or some other version of EZ bailout, I don't care what you think

Why not set target at 1.282 which will surely stop it temporarily even if it was going to 1.31. Just don't understand your thinking behind such a far profit target and contra trend... that's all.

often you say your position but never why

add: 1.31 would be 100 pips above weekly bear channel
An opportunity lost is not a capital cost.
  • #38,169
  • Jun 19, 2012 11:57am Jun 19, 2012 11:57am
Quoting BFSGcapital
Everyone is so defensive on these forums, that's why I never say anything.

I just think its a bit cocky to go for a profit target that far away. It's just not happening without QE or some other version of EZ bailout, I don't care what you think
Then stop comment,

you dont know anything bout swing and scalp aint you ? am open anytime for trade call if you wants prove TA skills


Good Luck
If there was easy money lying around,no one would be forcing it into your
  • #38,170
  • Jun 19, 2012 11:59am Jun 19, 2012 11:59am
EW count 4h chart with measures!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu4h.PNG Size: 55 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #38,171
  • Jun 19, 2012 12:03pm Jun 19, 2012 12:03pm
Quoting FXMindset
Then stop comment,

you dont know anything bout swing and scalp aint you ? am open anytime for trade call if you wants prove TA skills


Good Luck
What are you talking about??

Why are you so egotistic?

You haven't even given a reason, technical or fundamental why you made the trade (or profit target), yet you are asking me to prove TA skills ?

What is this the 5th grade???

I honestly just think you are trying to pick a fight. You said you were going to bed and then immediately responded to me in a negative way.

Get some sleep,
An opportunity lost is not a capital cost.
  • #38,172
  • Jun 19, 2012 12:07pm Jun 19, 2012 12:07pm
Quoting BFSGcapital
What are you talking about??

Why are you so egotistic?

You haven't even given a reason, techincal or fundmental why you made the trade, yet you are asking me to prove TA skills ?

What is this the 5th grade???

I honestly just think you are trying to pick a fight. You said you were going to bed and then immediately responded to me in a negative way.

Get some sleep,
you are still new in here and like to talk shit with me ? ask other members how many thousands chart am post till now and how many members learnfrom my chart

people who are short would never agreed with people who are long and people who are long wouldnt be agreed with people who are short

Dont talk to much and I dont need it
am always available for your trade call
am waiting and will always watching it

see u tomorrow
If there was easy money lying around,no one would be forcing it into your
  • #38,173
  • Jun 19, 2012 12:14pm Jun 19, 2012 12:14pm
Quoting FXMindset
you are still new in here and like to talk shit with me ? ask other members how many thousands chart am post till now and how many members learnfrom my chart

people who are short would never agreed with people who are long and people who are long wouldnt be agreed with people who are short

Dont talk to much and I dont need it
am always available for your trade call
am waiting and will always watching it

see u tomorrow
lol seriously... you are the one who started the shit by saying i should go learn.

what are you talking about trade call? who cares if i am new?? i gave my opinion and then ask you a quesiton, thats it

you are acting so entitled it is ridiculous... i don't care if you have helped other people, that doesnt mean anything about your trade and why you took it, and more importantly the reasoning behind such a ridiculous take profit (imo)

if you want to do the 5th grade BS..ill put my monthly average gain and drawdown against yours anytime...


and i am not short so i have no bias.. i am flat.


hope we can put this behind us and next time dont insult someone, just kindly explain why you made the trade or say "i do not wish to tell you why i made this trade"

night

add: PT is right, should not pour gasoline on fire, should never have responded
An opportunity lost is not a capital cost.
  • #38,174
  • Jun 19, 2012 12:19pm Jun 19, 2012 12:19pm
Quoting BFSGcapital
lol seriously... you are the one who started the shit by saying i should go learn.

what are you talking about trade call? who cares if i am new?? i gave my opinion and then ask you a quesiton, thats it

you are acting so entitled it is ridiculous... i don't care if you have helped other people, that doesnt mean anything about your trade and why you took it, and more importantly the reasoning behind such a ridiculous take profit (imo)

if you want to do the 5th grade BS..ill put my monthly average gain and drawdown against yours anytime......
this is hard game hard arena
I dont need to much talk
I dont see any Insult here,Just a thread for show chart,learn,study,etc
just show me your chart and I can know you truly can trade or not

as i said see you tomorrow and am will show u what is "Swing " and "Scalp" since u said it low RR or QE3 whatever,heck some chartist never care bout that,we are only trade what we are see..we swing and we ride and close when there is a sign and sometimes we scalp

since you wants why behind the call then am will see u tomorrow,give me your chart for every trade and am will give to you ? fair ? yes,absolutely..for others can learn also


see you
If there was easy money lying around,no one would be forcing it into your
  • #38,175
  • Jun 19, 2012 12:21pm Jun 19, 2012 12:21pm
Between BFSGcapital and FXMindset / Tom D and Skynet, I must say this thread is turning into a bitch fight not worth reading anymore.

Sorry to say, but that's how I feel.
I observe your reality but live my own.
  • #38,176
  • Jun 19, 2012 12:22pm Jun 19, 2012 12:22pm
My morning Plan Played out well and i captured almost entire move of the day, closed my long from 2570 at 2717. . 2marrow is another day and a big day. People interested in short should wait for reaction at 2750 before jumping in. R:R doesn't offer a good long position right now with FOMC at horizon.
Good day everyone tc
Quoting JollyJoker
Too Much divergence between eurusd,gbpusd, audusd while nothing significant have changed...
What does that mean to me is that this big bearish daily candle is not something of high significance.
Sentiments are also equally poised with 50-50 for both short and long on almost all pairs except usd jpy.
USA yield is already very low so i dont expect FED to launch QE3 , however we can expect a variation of operation twist. I believe FED will like to keep QE3 in their pocket for year end.
Combining all the things into perspective i think that eurusd...
There are no right and wrong decisions......Only timely decisions
  • #38,177
  • Jun 19, 2012 12:23pm Jun 19, 2012 12:23pm
PT was right about 2nd mini short squeeze, and i added short at 25 s/l at 32
An opportunity lost is not a capital cost.
  • #38,178
  • Jun 19, 2012 12:24pm Jun 19, 2012 12:24pm
A drop in 400 basis point on the USD resulting in a pop of 40 pips for the Euro, yet U/C barely moving.

I big wet kiss to whom ever can explain that
I observe your reality but live my own.
  • #38,179
  • Jun 19, 2012 12:26pm Jun 19, 2012 12:26pm
Quoting Cgb
Between BFSGcapital and FXMindset / Tom D and Skynet, I must say this thread is turning into a bitch fight not worth reading anymore.

Sorry to say, but that's how I feel.
Hey, leave me out of this. I just made one post, didnt get the answer I was looking for and immediately quit discussion since it was leading nowhere. I am doing my best not to spam this thread with crap. Cant do any better.

T
"I know one thing, that I know nothing." Sokrates
  • #38,180
  • Jun 19, 2012 12:27pm Jun 19, 2012 12:27pm
Quoting Cgb
Between BFSGcapital and FXMindset / Tom D and Skynet, I must say this thread is turning into a bitch fight not worth reading anymore.

Sorry to say, but that's how I feel.
Never had any problems before.

I'm done responding to him though.
An opportunity lost is not a capital cost.
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