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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #38,821
  • Jun 21, 2012 7:55am Jun 21, 2012 7:55am
Quoting Tom_D_Trader
Ok, I have chosen the fastest way and went to Oanda live help. And you were right PT. You can not set MT4 timezone. I thought I did it, since I have both platforms at NY, but I was setting only Java. Sry for confusion.

T
Thanks for checking. You got my hopes up, but really I already knew it couldn't be done.
Those who say it cannot be done should not interrupt those who are doing it
  • #38,822
  • Jun 21, 2012 7:55am Jun 21, 2012 7:55am
Quoting forex_growth
yep you me both bro - and a ton of gold... well several ounces HAHAHAHAHHA
Yeah , ounces.. 1/10 of ounces, lol.

Thing is I bought at $27 in early 2011. So I would be coming out break even from this, but if I can get 25% more silver before we finally get QE3, it's worth it.

If I knew anything about markets and economics back then (apart from knowing all currencies will fail inevitably), I would have sold my silver in high 40s when E/U was also in high 40s
An opportunity lost is not a capital cost.
  • #38,823
  • Jun 21, 2012 7:55am Jun 21, 2012 7:55am
Quoting BFSGcapital
Okay just making sure. No wonder this area is so tough to get through.
Guys, ofc monthly pivot is important, but thats only calculation. So only technical analysts use it. I am telling you these numbers for quite some time and I will give it one more shot: ,2666 - 02/2009 monthly close. ,26803 - 11/2008 monthly close. Imo this is the zone we are fighting for right now on a daily basis.
"I know one thing, that I know nothing." Sokrates
  • #38,824
  • Jun 21, 2012 7:56am Jun 21, 2012 7:56am
Quoting PipTrapper
are these American or Canadian? Can't tell.

http://www.therepublica.com/2009/02/18/fundies.jpg
  • #38,825
  • Jun 21, 2012 7:57am Jun 21, 2012 7:57am
ahhhh preaching to the choir my friend.. Also learning alot in the metals!!

it will all work out in the end though

Quoting BFSGcapital
Yeah , ounces.. 1/10 of ounces, lol.

Thing is I bought at $27 in early 2011. So I would be coming out break even from this, but if I can get 25% more silver before we finally get QE3, it's worth it.

If I knew anything about markets and economics back then, I would have sold my silver in high 40s when E/U was also in high 40s
"Millionaires don't use astrology, billionaires do"
  • #38,826
  • Jun 21, 2012 7:57am Jun 21, 2012 7:57am
Quoting PipTrapper
Thanks for checking. You got my hopes up, but really I already knew it couldn't be done.
I know you are much better than me in using MT4, so as soon as you asked, I was like: Wtf I remember I was setting it. Right? Right? Right?
"I know one thing, that I know nothing." Sokrates
  • #38,827
  • Jun 21, 2012 7:59am Jun 21, 2012 7:59am
Quoting Tom_D_Trader
I know you are much better than me in using MT4, so as soon as you asked, I was like: Wtf I remember I was setting it. Right? Right? Right?


How's the swing Hi/Lo macro coming along?
Those who say it cannot be done should not interrupt those who are doing it
  • #38,828
  • Jun 21, 2012 8:00am Jun 21, 2012 8:00am
Trading ranges today. 2 trades=2wins +60 G/U.
  • #38,829
  • Jun 21, 2012 8:01am Jun 21, 2012 8:01am
Charts of 2 trades. Will not make commentary for reason as seems there are several here that may want to argue and I do not need negative energy in my space.

Both are SL at BE+
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 1A_USDCAD_6-21.png Size: 50 KB
  • #38,830
  • Jun 21, 2012 8:04am Jun 21, 2012 8:04am
Quoting Gofer Pips
Charts of 2 trades. Will not make commentary for reason as seems there are several here that may want to argue and I do not need negative energy in my space.

Both are SL at BE+
  • #38,831
  • Jun 21, 2012 8:06am Jun 21, 2012 8:06am
Quoting Gofer Pips
Charts of 2 trades. Will not make commentary for reason as seems there are several here that may want to argue and I do not need negative energy in my space.

Both are SL at BE+
Nice play on the U/CAD buddy
Welcome to the Cad-Bear Club

http://www.freakingnews.com/pictures...cub--21049.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #38,832
  • Jun 21, 2012 8:07am Jun 21, 2012 8:07am
Quoting PipTrapper


How's the swing Hi/Lo macro coming along?
Well since I am analyst and not a programmer, I got stuck as usuall. My favourite stuck is - cycle within cycle within cycle within cycle - if this than this if that than that and maybe that and in this case do that. And then I pray to get desired outcome. But I am close now .
"I know one thing, that I know nothing." Sokrates
  • #38,833
  • Jun 21, 2012 8:07am Jun 21, 2012 8:07am
Monthly Pivot and 100 SMA on hourly acting as support. Looking to close short from near top of bull flag to bottom. +40 right now on trade.
I observe your reality but live my own.
  • #38,834
  • Jun 21, 2012 8:10am Jun 21, 2012 8:10am
Quoting Cgb
Monthly Pivot and 100 SMA on hourly acting as support. Looking to close short from near top of bull flag to bottom. +40 right now on trade.
interesting that bull flag.. as looking at an older chart and I was checking out a bear flag actually...

will try post
"Millionaires don't use astrology, billionaires do"
  • #38,835
  • Jun 21, 2012 8:11am Jun 21, 2012 8:11am
Quoting Cgb
Monthly Pivot and 100 SMA on hourly acting as support. Looking to close short from near top of bull flag to bottom. +40 right now on trade.
I did the same, but on G/U. Closed out at 100 EMA.
  • #38,836
  • Jun 21, 2012 8:12am Jun 21, 2012 8:12am
not the prettiest LOL

Quoting Cgb
Monthly Pivot and 100 SMA on hourly acting as support. Looking to close short from near top of bull flag to bottom. +40 right now on trade.
Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 126 KB
"Millionaires don't use astrology, billionaires do"
  • #38,837
  • Jun 21, 2012 8:13am Jun 21, 2012 8:13am
Some encouragement for the CAD-Bear club

Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #38,838
  • Jun 21, 2012 8:15am Jun 21, 2012 8:15am
Quoting forex_growth
interesting that bull flag.. as looking at an older chart and I was checking out a bear flag actually...

will try post
there is also the 200 sma on the M30 chart
  • #38,839
  • Jun 21, 2012 8:15am Jun 21, 2012 8:15am
Quoting Tom_D_Trader
Well since I am analyst and not a programmer, I got stuck as usuall. My favourite stuck is - cycle within cycle within cycle within cycle - if this than this if that than that and maybe that and in this case do that. And then I pray to get desired outcome. But I am close now .
Tom, this is a dilema many traders have, including myself... Over analysing. When you find the solution to it, please share.

Some say the solution is to look at a larger time frame. Larger time frames means your stop area will be futher awat to give your trade some breathing room. But as you've pointed out, you're going to go back to a lower time frame and try to justify why the price is now going in the wrong way and more often than not, close the trade.

A solution to that as PT has pointed out many times in this thread is to reduce your lot size and scale in as the trade goes in the right direction.

I observe your reality but live my own.
  • #38,840
  • Jun 21, 2012 8:16am Jun 21, 2012 8:16am
Quoting ferndog
Today has been bouncing between daily pivot at 1.2695 & monthly at 1.2660
i see that bouncing between daily pivot(12692) and daily s1(12642)good place for litlle scalping...
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