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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #39,821
  • Jun 26, 2012 12:18pm Jun 26, 2012 12:18pm
Quoting Gofer Pips
If I understand correctly, this would violate FIFO. No?
I never had problems closing whatever whenever before, so I am just asking so I understand where the issue is with your broker.
Some brokers will let you close them in whatever order you want and then they make adjustments on your official statement afterwards. Check your online official statement through your web login... not the statement on your MT4 platform.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,822
  • Jun 26, 2012 12:25pm Jun 26, 2012 12:25pm
Quoting PipTrapper
Some brokers will let you close them in whatever order you want and then they make adjustments on your official statement afterwards. Check your online official statement through your web login... not the statement on your MT4 platform.
I think fxdd does this...
  • #39,823
  • Jun 26, 2012 12:29pm Jun 26, 2012 12:29pm
Quoting drzakir123
...nothing working out today try some scalping ...
Pardon me my rudeness. Do you have scalping trading plan doc? This is not something you should "try".

Dont mind me bugging.

T
"I know one thing, that I know nothing." Sokrates
  • #39,824
  • Jun 26, 2012 12:31pm Jun 26, 2012 12:31pm
Quoting PipTrapper
Excellent

I am glad the information posted in this thread has helped you.

Keep it up.

Congrats on your many wins

Now you need to start posting your trades with the reasons why you take them.
PT is a hard task master,dont go by the smiley here.now start posting ur trades otherwise...
Allah has permitted trade and has forbidden interest [koran]
  • #39,825
  • Jun 26, 2012 12:34pm Jun 26, 2012 12:34pm
Quoting PipTrapper
Some brokers will let you close them in whatever order you want and then they make adjustments on your official statement afterwards. Check your online official statement through your web login... not the statement on your MT4 platform.
Checked statement and there was no adjustment.

  • #39,826
  • Jun 26, 2012 12:34pm Jun 26, 2012 12:34pm
Quoting Cgb
Me too Doc, I took that 1.2475 short and now I feel like I'm being punished for it
now market turning me into sadist.
Allah has permitted trade and has forbidden interest [koran]
  • #39,827
  • Jun 26, 2012 1:07pm Jun 26, 2012 1:07pm
Quoting Cgb
Me too Doc, I took that 1.2475 short and now I feel like I'm being punished for it
C'mon brother. You're still holding the position? If you are, don't worry. There's no volume accompanying the uptick=No demand. Just ranging. Will probably fall back down to your entry level.
  • #39,828
  • Jun 26, 2012 1:11pm Jun 26, 2012 1:11pm
Quoting Tom_D_Trader
Pardon me my rudeness. Do you have scalping trading plan doc? This is not something you should "try".

Dont mind me bugging.

T
yes i do have a plan.usually i do this while waiting for the price to come and trigger my long term trade.unfortunately my trades didnt trigger as all my orders are above 1.2760, and all the way up to 1.2950 in crescendo fashion,so its sort of side business to keep myself entertain and also understand my emotions with price action.

for scalping purpose i usually use 15min and i hr charts with 50,100 150 and 200 EMA,i take position in the direction of slope of moving average.i usually i enter market when price retrace and touch the moving avg.and also play between different moving avg which is really depend on once feeling and intuition which one develop if u spend long hours infront of monitor.
for scalping purpose i use high leverage(like 1:10 to 1:20} with very tight stop loss and position ought to move in my direction immediately otherwise i am out of the market.and i am looking for 15 to 30 pips targets to book profit.

i used to play a lot with this and i think in late 2010 i made about 600% on a small account but difficult to do the same on bigger accounts as psychologically one is not ready to take loses because our minds thinks in hard numbers rather than in terms of percentages and in scalping u have to think in terms of percentages.and now i am not as flexible mentally as before hence my trades are usually longer term.also my family life was suffering and life is more than just trading.

if one want to learn trading and patterns then short term trading is best but money is in catching the bigger fundamental wave which is difficult to capture if ones perspective is scalping all the time.
Allah has permitted trade and has forbidden interest [koran]
  • #39,829
  • Jun 26, 2012 1:16pm Jun 26, 2012 1:16pm
Quoting Gofer Pips
Checked statement and there was no adjustment.

that's coz both were closed on the same day so no adjustment would be required. Look for an instance where you only closed the last one on that day and the older one the next day. Then you will see an adjustment.
Those who say it cannot be done should not interrupt those who are doing it
  • #39,830
  • Jun 26, 2012 1:32pm Jun 26, 2012 1:32pm
Quoting drzakir123
yes i do have a plan...
Thx for the answer doc. My post was more of a prod as I felt outraged by the combination of words scapling+try .

I am not good scalper, so I cant give you any hints. All I can say is, I have tried scalping and burned my account within 7 months or so. That was in late 2008. I have tested my scalping plan on data before the storm and massive fundamental tsunami (as you have precisely called it) simply beats all plans.

Just regarding tight SL. I dunno if you have read conversation about DD brokers we had here about three days ago. I think that almost any broker can manipulate price up to 2 pips and hit your SL. If you choose some thief as a broker, he can manipulate it even more.

I think you are right with your point about different mentality with handling different accounts. I saw you focus on this topic pretty often and I am with you. Many people think it is the same and they will be compounding till the rest of their lives. They wont, they will burn. One needs to get used to manipulate with bigger numbers.

GL,

Tom
"I know one thing, that I know nothing." Sokrates
  • #39,831
  • Jun 26, 2012 1:42pm Jun 26, 2012 1:42pm
bless my wife,today she prepare briyani,one of the best dishes of hyderabad.the idea behind this dish is eating lamb with rice rather than eating rice with lamb todays briyani is one of finest i ever tasted.
its very hard to understand women one minute they make u feel like ur the worst thing happen ever on planet earth and next minute they make u feel on cloud seven
Allah has permitted trade and has forbidden interest [koran]
  • #39,832
  • Jun 26, 2012 1:48pm Jun 26, 2012 1:48pm
Quoting Tom_D_Trader
Thx for the answer doc. My post was more of a prod as I felt outraged by the combination of words scapling+try .

I am not good scalper, so I cant give you any hints. All I can say is, I have tried scalping and burned my account within 7 months or so. That was in late 2008. I have tested my scalping plan on data before the storm and massive fundamental tsunami (as you have precisely called it) simply beats all plans.

Just regarding tight SL. I dunno if you have read conversation about DD brokers we had here about three days ago. I think that...

Hope you May find them useful and helpful
Attached File(s)
File Type: pdf Jack Schwager - Market Wizards.pdf   4.8 MB | 440 downloads
File Type: pdf Jack Schwager - The New Market Wizards.pdf   1.1 MB | 476 downloads
“Don't cry because it's over, smile because it happened.”
  • #39,833
  • Jun 26, 2012 1:49pm Jun 26, 2012 1:49pm
Aaa, someone break my fingers pls. I want to short it.

I need to go out. Bye guys.

T
Attached Image (click to enlarge)
Click to Enlarge Name: m5.gif Size: 22 KB
"I know one thing, that I know nothing." Sokrates
  • #39,834
  • Jun 26, 2012 1:50pm Jun 26, 2012 1:50pm
Quoting PipTrapper
Excellent

I am glad the information posted in this thread has helped you.

Keep it up.

Congrats on your many wins

Now you need to start posting your trades with the reasons why you take them.
Thank you PT.

Next time I'll try to post my chart and briefly give my reasoning. At the moment the time is not on my side . I have other primary job but for the benefit of sharing the knowledge and experience , I'll try my best.

May Allah (God) give you and your family health, prosperity , happiness and long live and many... many +ve pips. If you come down to Kuala Lumpur please do let me know.
  • #39,835
  • Jun 26, 2012 1:51pm Jun 26, 2012 1:51pm
Quoting drzakir123
now market turning me into sadist.
I don't think there is any need to panic. Though PA is looking bullish at the moment (see H4), the trend is still bearish. Meanwhile have u noticed that for all the bravado the bulls have shown today, PA is yet to up-end EMA 200 on M15 all day
  • #39,836
  • Jun 26, 2012 1:53pm Jun 26, 2012 1:53pm
Quoting PipTrapper
that's coz both were closed on the same day so no adjustment would be required. Look for an instance where you only closed the last one on that day and the older one the next day. Then you will see an adjustment.

Not on my statements

Sorry for the rant on the attachment. Time for me to find another place to live!
Attached Image (click to enlarge)
Click to Enlarge Name: FIFO2.jpg Size: 114 KB
  • #39,837
  • Jun 26, 2012 1:57pm Jun 26, 2012 1:57pm
Quoting drzakir123
bless my wife,today she prepare briyani,one of the best dishes of hyderabad.the idea behind this dish is eating lamb with rice rather than eating rice with lamb todays briyani is one of finest i ever tasted.
its very hard to understand women one minute they make u feel like ur the worst thing happen ever on planet earth and next minute they make u feel on cloud seven
briyani?? Yummmi, I ate this yesterday
My wife also knows how to cook it
  • #39,838
  • Jun 26, 2012 1:58pm Jun 26, 2012 1:58pm
Quoting drzakir123
bless my wife,today she prepare briyani,one of the best dishes of hyderabad.the idea behind this dish is eating lamb with rice rather than eating rice with lamb todays briyani is one of finest i ever tasted.
its very hard to understand women one minute they make u feel like ur the worst thing happen ever on planet earth and next minute they make u feel on cloud seven
Same here Doc, except I'm two clouds up from you on cloud nine. Next time I'm there I'll holler over to you

http://www.cartoonstock.com/newscart...s/mgtn288l.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #39,839
  • Jun 26, 2012 2:02pm Jun 26, 2012 2:02pm
Quoting PipTrapper
Same here Doc, except I'm two clouds up from you on cloud nine. Next time I'm there I'll holler over to you

http://www.cartoonstock.com/newscart...s/mgtn288l.jpg
Allah has permitted trade and has forbidden interest [koran]
  • #39,840
  • Jun 26, 2012 2:04pm Jun 26, 2012 2:04pm
Quoting Gofer Pips
Not on my statements

Sorry for the rant on the attachment. Time for me to find another place to live!
That's why I don't deal with those cockroaches any more. They are a major ripoff. I really don't understand why they don't impose the rule on the MT4 platform when most other brokers do. It's not like there is a technical limitation. They just want to hide it all from you so you stay with them instead of migrating to a foreign broker.
Those who say it cannot be done should not interrupt those who are doing it
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