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EurAnalysis Kindergarten 24 replies

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  • #39,241
  • Jun 22, 2012 8:48am Jun 22, 2012 8:48am
Quoting PipTrapper
DJ reports the new Greek finance minister has been taken to the hospital after some sort of collapse
This is Greek theater at it best!
I observe your reality but live my own.
  • #39,242
  • Jun 22, 2012 8:49am Jun 22, 2012 8:49am
Quoting PipTrapper
If price makes it that far, I'll add another position.
if price goes there.... Im stopped out.... lol

stops at 2597 for me...
  • #39,243
  • Edited 8:55am Jun 22, 2012 8:52am | Edited 8:55am
For those watching crude, Inverse H&S on hourly. A close above $79 could signal a reversal.
I observe your reality but live my own.
  • #39,244
  • Jun 22, 2012 8:53am Jun 22, 2012 8:53am
Quoting Wulfgar
if price goes there.... Im stopped out.... lol

stops at 2597 for me...
1.2608 is the 50% fibo.
Perhaps you should reconsider your stop, but then you're the one who knows your risk limits best. I'm just sayin'
Those who say it cannot be done should not interrupt those who are doing it
  • #39,245
  • Jun 22, 2012 8:54am Jun 22, 2012 8:54am
Quoting Cgb
For those watching crude, Inverse H&S on hourly. A close above $80 could signal a reversal.
That's a very tight ranged H/S pattern. The completion of that pattern will still fall below $80.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,246
  • Jun 22, 2012 8:58am Jun 22, 2012 8:58am
Quoting PipTrapper
That's a very tight ranged H/S pattern. The completion of that pattern will still fall below $80.
Corrected post, I meant to type $79

I noticed it on the 15M chart (which extends the shoulder length) but still, top range would be limited. $81.10 would return it to be bottom of the May to June FIB line. We're below that now of course.
I observe your reality but live my own.
  • #39,247
  • Jun 22, 2012 8:58am Jun 22, 2012 8:58am
Quote
Spain said to weigh imposing losses on junior bank bondholders

13 min later...

Quote
Spain econ minister: no plans to apply losses on junior bank bondholders


wtf
  • #39,248
  • Jun 22, 2012 9:02am Jun 22, 2012 9:02am
Good morning all, did not feel like trading London so I slept instead, and it looks like I didn't miss anything besides tight range.

First trade of the day is short scalp at 1.2580 (on exhaustion) and I got lucky with the downgrade data coming out right after I got short. so I banked 20 pips on that one

I would like to add a short at 1.2590 (as im currently flat) but I don't usually hold for the weekend so I don't think there is much point to that.
An opportunity lost is not a capital cost.
  • #39,249
  • Jun 22, 2012 9:17am Jun 22, 2012 9:17am
Quoting neuron
13 min later...



wtf
Rumors! It's how the big players make so much money That and options.

Market has a pretty small range but its still quite volatile right now. 10-15 pip swings every 5 minutes. I wish markets could move like this all the time.
An opportunity lost is not a capital cost.
  • #39,250
  • Jun 22, 2012 9:19am Jun 22, 2012 9:19am
Quoting BFSGcapital
Rumors! It's how the big players make so much money
Yep. Somebody missed their long entry so they start a rumor. That gives them time to jump in before the rumor is denied.

http://2.bp.blogspot.com/-AqNPHLrqYU...600/denied.gif
Those who say it cannot be done should not interrupt those who are doing it
  • #39,251
  • Jun 22, 2012 9:21am Jun 22, 2012 9:21am
Quoting BFSGcapital
Rumors! It's how the big players make so much money That and options.

Market has a pretty small range but its still quite volatile right now. 10-15 pip swings every 5 minutes. I wish markets could move like this all the time.
and in a consistent/predictable fashion. Then you could all get a copy of PT-Scalper 3000 trading robot for $999
Those who say it cannot be done should not interrupt those who are doing it
  • #39,252
  • Jun 22, 2012 9:29am Jun 22, 2012 9:29am
Quoting PipTrapper
and in a consistent/predictable fashion. Then you could all get a copy of PT-Scalper 3000 trading robot for $999
Yeah they aren't exactly predictable, but with EMAs its much, much easier.

Such as 1hr 34 EMA, at 1.2578/82

Add: Only $999? What a steal!
An opportunity lost is not a capital cost.
  • #39,253
  • Jun 22, 2012 9:32am Jun 22, 2012 9:32am
Quoting BFSGcapital
Rumors! It's how the big players make so much money That and options.

Market has a pretty small range but its still quite volatile right now. 10-15 pip swings every 5 minutes. I wish markets could move like this all the time.
well, the rumors only push the market into the "preset" orders for the most part.

Frankly, I like the news a great deal. don't often "trade the news"... but it'll often push the market into fill an order I have waiting for it, and then it helps me TP faster too.

thanks goodness for the news.

X
  • #39,254
  • Jun 22, 2012 9:32am Jun 22, 2012 9:32am
eujp , lets see..
Attached Image (click to enlarge)
Click to Enlarge Name: rcz1.jpg Size: 102 KB
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,255
  • Jun 22, 2012 9:36am Jun 22, 2012 9:36am
Bounced exactly off 5m bollinger bands.

I used to not think BBs were that important, but it seems all the market makers use them a lot more than I thought.
An opportunity lost is not a capital cost.
  • #39,256
  • Edited 9:45am Jun 22, 2012 9:38am | Edited 9:45am
http://www.amazon.com/Time-Compressi...ession+trading

This book has helped me better understand the "person" component of what we do.

Small retail traders are deciding when to make their decision . As the day gets shorter their decision is harder so as they short here they are faced with their decision of when to close. So the sell has to have a "close" ( Buy ) for most of us right! So when will they exercise that buy. If they have been successful with their process their mindset is different than those on the wrong side today. Maybe several times.
Trading Consultants Inc JJG
  • #39,257
  • Jun 22, 2012 9:41am Jun 22, 2012 9:41am
Quoting Cgb
For those watching crude, Inverse H&S on hourly. A close above $79 could signal a reversal.
i always not sure about pattern like that in cfd, i must see bloomberg/cnbc before trade cfd xD
redsword11, IfMyante, KennyZ, bumapatria, JohnPaul77 made my trading style.
  • #39,258
  • Jun 22, 2012 9:42am Jun 22, 2012 9:42am
PT made a point a few days ago about watching the difference in E/U price action once SAMA stopped bidding it up.

It's definitely obvious by PA alone that this thing is going much, much lower. It's a Friday after a 160 pip down day, and we are still selling off
An opportunity lost is not a capital cost.
  • #39,259
  • Jun 22, 2012 9:42am Jun 22, 2012 9:42am
taken a small short position for sort of scalping at 1.2551. if 520 break and we r looking at flood gates
Allah has permitted trade and has forbidden interest [koran]
  • #39,260
  • Jun 22, 2012 9:43am Jun 22, 2012 9:43am
Quoting changbachang
eujp , lets see..
hi

why u taking short from there?(pin bar?lower low?)
Iam just A pips on the rode :nerd:
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