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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #41,901
  • Jul 9, 2012 11:40am Jul 9, 2012 11:40am
Quoting Cgb
Looks like you got out just at the right time. Just dropped 60 points. Would it surprized you if I shorted 86.40 after failing to hit 86.50?
I actually got out when my 100 pips TP got filled @ 86.25. I didn't get up to the high. Looks like it could go higher base on what I'm seeing on 4hr Tf though. But as you know, I'm not greedy and when scalping, I set a hard cash out at 100 pips.
  • #41,902
  • Jul 9, 2012 11:40am Jul 9, 2012 11:40am
Quoting PipTrapper
Yeah I know, but it was too good of a pun to waste
Yeah it was a good one.
  • #41,903
  • Jul 9, 2012 11:44am Jul 9, 2012 11:44am
I've got a current short from 1.231 and two sell limits set at 1.2360 and 1.2400 to match up with fib levels, T/P in the 1.21xx range. For now I'm going to get my prescription. Trading in California has it's perks.
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  • #41,904
  • Jul 9, 2012 11:44am Jul 9, 2012 11:44am
Quoting FXSwissTrader
I actually got out when my 100 pips TP got filled @ 86.25. I didn't get up to the high. Looks like it could go higher base on what I'm seeing on 4hr Tf though. But as you know, I'm not greedy and when scalping, I set a hard cash out at 100 pips.

Hmm, don't think 100 pips and scalping should be in the same sentence! Most people scalp for 5 to 10 points. You have high standards Swiss!
I observe your reality but live my own.
  • #41,905
  • Jul 9, 2012 11:45am Jul 9, 2012 11:45am
Quoting Cgb
Nice trades AlwaysLost. Looks like you found your way after all!
Thank you Cgb. This is as a result of following through EuroAnalysis thread , PT , your posts, and other experienced traders posts i.e Tom D Trader, Wulfgar, FXSwissTrader, rekon67, currencyman , drzakir123 , luis carlos (EW) and few others. Wish u many green pips .
  • #41,906
  • Jul 9, 2012 11:46am Jul 9, 2012 11:46am
Quoting Cgb
Hmm, don't think 100 pips and scalping should be in the same sentence! Most people scalp for 5 to 10 points. You have high standards Swiss!
Very true... otherwise I could say that I recently closed a 2400 pip scalp
Those who say it cannot be done should not interrupt those who are doing it
  • #41,907
  • Jul 9, 2012 11:48am Jul 9, 2012 11:48am
Quoting Cgb
Hmm, don't think 100 pips and scalping should be in the same sentence! Most people scalp for 5 to 10 points. You have high standards Swiss!
Dozens of trades for 5 pips here and there is like playing the slot machine. That's not trading IMO.
  • #41,908
  • Jul 9, 2012 11:48am Jul 9, 2012 11:48am
Quoting DrFixit
I've got a current short from 1.231 and two sell limits set at 1.2360 and 1.2400 to match up with fib levels, T/P in the 1.21xx range. For now I'm going to get my prescription. Trading in California has it's perks.
Doesn't it make it hard to look at charts???
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I observe your reality but live my own.
  • #41,909
  • Jul 9, 2012 11:50am Jul 9, 2012 11:50am
Quoting PipTrapper
Very true... otherwise I could say that I recently closed a 2400 pip scalp
Seriously? I was in the trade for like no time at all.
  • #41,910
  • Jul 9, 2012 11:50am Jul 9, 2012 11:50am
Quoting PipTrapper
Very true... otherwise I could say that I recently closed a 2400 pip scalp
I guess if your time line is measured in months, then that could be considered scalping!
I observe your reality but live my own.
  • #41,911
  • Jul 9, 2012 11:53am Jul 9, 2012 11:53am
Quoting PipTrapper
Congrats on your 4 trades

Now that's what I call the 4 pillars of success... not some lousy book.

http://raisingceokids.com/wp-content...1-4pillars.png
Thank u PT and EuroAnalysis Thread. You r my mentor & 'GURU'.
  • #41,912
  • Jul 9, 2012 11:53am Jul 9, 2012 11:53am
Quoting FXSwissTrader
Dozens of trades for 5 pips here and there is like playing the slot machine. That's not trading IMO.
Very true, but you can still win

http://iowagirleats.com/wp-content/u.../005_thumb.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #41,913
  • Jul 9, 2012 11:54am Jul 9, 2012 11:54am
Quoting FXSwissTrader
Seriously? I was in the trade for like no time at all.
I'm a very slow scalper
Those who say it cannot be done should not interrupt those who are doing it
  • #41,914
  • Jul 9, 2012 11:57am Jul 9, 2012 11:57am
Quoting PipTrapper
I'm a very slow scalper
That's what she said.

Don't worry, Cgb was just inquiring with Doc about 1000mg Viagra. Maybe he will share prescription with you.
  • #41,915
  • Jul 9, 2012 11:58am Jul 9, 2012 11:58am
Quoting FXSwissTrader
That's what she said.

Don't worry, Cgb was just inquiring with Doc about 1000mg Viagra. Maybe he will share prescription with you.
1000mg is a bit too much. I want 1.2400 not 1.4200
Those who say it cannot be done should not interrupt those who are doing it
  • #41,916
  • Jul 9, 2012 12:05pm Jul 9, 2012 12:05pm
Quoting PipTrapper
1000mg is a bit too much. I want 1.2400 not 1.4200
The 100mg didn't push it above the 2315 level. Just a teaser. Maybe a double doze?
I observe your reality but live my own.
  • #41,917
  • Jul 9, 2012 12:14pm Jul 9, 2012 12:14pm
For those interested, here's the earning calendar for the next few days. These along with the ECOFIN and FOMC minutes will be setting the tone for the market over the next while.

http://biz.yahoo.com/research/earncal/today.html
I observe your reality but live my own.
  • #41,918
  • Jul 9, 2012 12:20pm Jul 9, 2012 12:20pm
Great new video on top down market structure analysis for new traders.

http://www.protradenetwork.com/category/videos/
  • #41,919
  • Jul 9, 2012 12:24pm Jul 9, 2012 12:24pm
Quoting Cgb
The 100mg didn't push it above the 2315 level. Just a teaser. Maybe a double doze?
250mg should do it. Hopefully it doesn't stay up there longer than 4 hours
Those who say it cannot be done should not interrupt those who are doing it
  • #41,920
  • Jul 9, 2012 12:25pm Jul 9, 2012 12:25pm
Quoting Cgb
Doesn't it make it hard to look at charts???
I never smoke when I'm studying charts or doing any research, because it's just a waste of time. I'm a swing trader so when I put on my trades I generally just walk away because I'm confident that my positions were made in the right mindset with proper MM and it does me no favors to stare at the screen.
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