EurAnalysis | Page 2206 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

EurAnalysis Kindergarten 24 replies

Attachments: EurAnalysis
Exit Attachments

EurAnalysis

  • #44,101
  • Jul 25, 2012 2:27am Jul 25, 2012 2:27am
Quoting New Pip
What happened? My sell trigger at 1.2115 got almost activated. Some news or .... ?
this just start of bottoming process,if my reading of price action correct then the spike we are seeing is just some serious money covering thier shorts or let say going flat.serious money is already position and prices going to be very volatile.ppl going short need to be very very careful at these level .. the main difficulty for me start now,now i am very worried becos my position is above water and its ten time more difficult to sit on profit than loses.i just want to sell my brain and be a dumb person.as jesse says'' its sitting tight and not ur thinking which make ur money''
now the question is and the fact is it is bear market,and prices are in downtrend.the usual tecnique is to book ur profit early if one is long and if short let the profit run and vice versa.and i think i need some guidance from PT,to eloborate how i should be stance myself.GL and green pips to all
Allah has permitted trade and has forbidden interest [koran]
  • #44,102
  • Jul 25, 2012 2:31am Jul 25, 2012 2:31am
Quoting billytt
What a beautiful morning it is here in uk,and to make it even better look how the markets opened e/u g/u a/u and e/g all beautiful movers up and now i will set triggers for any nice little drops and compound theem to death lol. Take care happy trading . i used simple directional cross overs to trade .
yes morning,keep compounding as thats magic for getting wealth
If there was easy money lying around,no one would be forcing it into your
  • #44,103
  • Jul 25, 2012 2:32am Jul 25, 2012 2:32am
Quoting drzakir123
this just start of bottoming process,if my reading of price action correct then the spike we are seeing is just some serious money covering thier shorts or let say going flat.serious money is already position and prices going to be very volatile.ppl going short need to be very very careful at these level .. the main difficulty for me start now,now i am very worried becos my position is above water and its ten time more difficult to sit on profit than loses.i just want to sell my brain and be a dumb person.as jesse says'' its sitting tight...
Hey Doc, I am not in a position to offer you any guidance on this because it is outside the limits of my trading system/style. Remember I don't do counter trend trades. However, if I ever did do a counter trend trade, I would trail it tightly once in profit. Mind you, it is your trade, your style and your money. So, it should be your decision how to manage the trade. Unfortunately for obvious reasons I cannot tell you what I would do in your situation simply because I would never intentionally be in such a situation myself.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,104
  • Jul 25, 2012 2:34am Jul 25, 2012 2:34am
morning bud, i didnt see you there .I wish i could advise you on whether to let profit run or not as like i said in past this is not my forte.I trade for a living and i like to take and run.Money is better in my bank once i have it and then i wait for next triggers. Because i compound a lot i soon make up for any pips lost if i sell during the trend. take care happy trading
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,105
  • Jul 25, 2012 2:35am Jul 25, 2012 2:35am
German ifo Business Climate index in approx half an hour @ 08:00 GMT

UK q/q Preliminary GDP at 08:30 GMT
Those who say it cannot be done should not interrupt those who are doing it
  • #44,106
  • Jul 25, 2012 2:37am Jul 25, 2012 2:37am
Quoting drzakir123
this just start of bottoming process,if my reading of price action correct then the spike we are seeing is just some serious money covering thier shorts or let say going flat.serious money is already position and prices going to be very volatile.ppl going short need to be very very careful at these level .. the main difficulty for me start now,now i am very worried becos my position is above water and its ten time more difficult to sit on profit than loses.i just want to sell my brain and be a dumb person.as jesse says'' its sitting...
I am self admittedly not a good enough trader to recognize what a bottoming process really is or be able to accurately quantify one.

Generally I know with a major trend type market that the reversal typically begins with a massive capitulation move( Think of the CHF pairs when they bottomed) that was literally hundreds of points of capitulation in a very very short period of time before the market shifted its bias, with some central bank interventions)

Anyhow, good luck doc.
  • #44,107
  • Jul 25, 2012 2:39am Jul 25, 2012 2:39am
Quoting PipTrapper
Hey Doc, I am not in a position to offer you any guidance on this because it is outside the limits of my trading system/style. Remember I don't do counter trend trades. However, if I ever did do a counter trend trade, I would trail it tightly once in profit. Mind you, it is your trade, your style and your money. So, it should be your decision how to manage the trade. Unfortunately for obvious reasons I cannot tell you what I would do in your situation simply because I would never intentionally be in such a situation myself.
i agree with u.even when u dont say anything u say so much.advice taken thanks for the kind words.i didnt see ur earlier post when i wrote the above post.my apologies for putting u in an awkard situation.
Allah has permitted trade and has forbidden interest [koran]
  • #44,108
  • Jul 25, 2012 2:39am Jul 25, 2012 2:39am
Quoting drzakir123
this just start of bottoming process,if my reading of price action correct then the spike we are seeing is just some serious money covering thier shorts or let say going flat.serious money is already position and prices going to be very volatile.ppl going short need to be very very careful at these level .. the main difficulty for me start now,now i am very worried becos my position is above water and its ten time more difficult to sit on profit than loses.i just want to sell my brain and be a dumb person.as jesse says'' its sitting tight...
I assume you have multiple possitions, some are already in Plus and some are still in Minus.

My plan in this scenario would be closing the middle level positions you have as soon as price reach there.

Taking / securing profit in levels such as 1.2120, 1.2180, 1.2220 so on..
  • #44,109
  • Jul 25, 2012 2:40am Jul 25, 2012 2:40am
Attached Image (click to enlarge)
Click to Enlarge Name: ForexLive.jpg Size: 131 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #44,110
  • Jul 25, 2012 2:41am Jul 25, 2012 2:41am
wow buddy fancy seeing you here, i missed your banter. i normally only visit here now at the end of trading week. Yes indeed Fx compounding is the way thats why i always see 1000+ pips per week.Stick to a plan and keep it SIMPLE actually i wouldnt even look at any news its so off putting, that is not my advice to you but just my thought. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,111
  • Jul 25, 2012 2:47am Jul 25, 2012 2:47am
Quoting billytt
morning bud, i didnt see you there .I wish i could advise you on whether to let profit run or not as like i said in past this is not my forte.I trade for a living and i like to take and run.Money is better in my bank once i have it and then i wait for next triggers. Because i compound a lot i soon make up for any pips lost if i sell during the trend. take care happy trading
thank u billy for ur comment.i used to play like that but now i am trying to change my style toward the long term.for me the best and fastest way to learn is by mistakes and already know to my bones that trend is ur friend.the other thing i gain from this thread how fundamental and price interacting on longer term charts and mechanic of jumping onto the major trend
Allah has permitted trade and has forbidden interest [koran]
  • #44,112
  • Jul 25, 2012 2:49am Jul 25, 2012 2:49am
Quoting rekon67
I assume you have multiple possitions, some are already in Plus and some are still in Minus.

My plan in this scenario would be closing the middle level positions you have as soon as price reach there.

Taking / securing profit in levels such as 1.2120, 1.2180, 1.2220 so on..
great advice,thank u reckon and ur right on target with ur comments.
Allah has permitted trade and has forbidden interest [koran]
  • #44,113
  • Jul 25, 2012 2:52am Jul 25, 2012 2:52am
Spain 10Y
Attached Image


Italy 10Y
Attached Image


Greece 10Y
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #44,114
  • Jul 25, 2012 2:54am Jul 25, 2012 2:54am
Quoting Wulfgar
I am self admittedly not a good enough trader to recognize what a bottoming process really is or be able to accurately quantify one.

Generally I know with a major trend type market that the reversal typically begins with a massive capitulation move( Think of the CHF pairs when they bottomed) that was literally hundreds of points of capitulation in a very very short period of time before the market shifted its bias, with some central bank interventions)

Anyhow, good luck doc.
when i said bottoming process i dont mean its a change of trend but rather correction in prices and long time seller going flat.and that activity causes prices to very volatalie.ya i see ur point,thanks wulfgar[i dont think i miss 'f' in ur name]
Allah has permitted trade and has forbidden interest [koran]
  • #44,115
  • Jul 25, 2012 2:55am Jul 25, 2012 2:55am
Quoting PipTrapper
German ifo Business Climate index in approx half an hour @ 08:00 GMT

UK q/q Preliminary GDP at 08:30 GMT
5 minutes to German ifo. This could be a mover.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,116
  • Jul 25, 2012 3:00am Jul 25, 2012 3:00am
GERMAN IFO BUSINESS CLIMATE (JUL) COMES IN AT 103.3 VERSUS 104.5 EXPECTED AND 105.3 PRIOR.
25 Jul 10:00:19
  • #44,117
  • Jul 25, 2012 3:01am Jul 25, 2012 3:01am
Quoting Chika Kure
GERMAN IFO BUSINESS CLIMATE (JUL) COMES IN AT 103.3 VERSUS 104.5 EXPECTED AND 105.3 PRIOR.
25 Jul 10:00:19
long
  • #44,118
  • Jul 25, 2012 3:02am Jul 25, 2012 3:02am
Quoting Playboy
Nice Price to Buy...
Yes. I myself am a day trader but looking at a bigger picture you can see fresh structurally good demand zone that formed on june 2010 @ 1.1978 - 1878.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4 Jun 2010.png Size: 12 KB
  • #44,119
  • Jul 25, 2012 3:03am Jul 25, 2012 3:03am
Quoting Chika Kure
GERMAN IFO BUSINESS CLIMATE (JUL) COMES IN AT 103.3 VERSUS 104.5 EXPECTED AND 105.3 PRIOR.
25 Jul 10:00:19
Not much below expectations.

UK GDP is next up at 08:30 GMT
Those who say it cannot be done should not interrupt those who are doing it
  • #44,120
  • Jul 25, 2012 3:04am Jul 25, 2012 3:04am
Quoting GoldMan.
Yes. I myself am a day trader but looking at a bigger picture you can see fresh structurally good demand zone that formed on june 2010 @ 1.1978 - 1878.
Hey GMan. Welcome back. Were you on holiday?
Those who say it cannot be done should not interrupt those who are doing it
12 traders viewing now