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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #44,121
  • Jul 25, 2012 3:12am Jul 25, 2012 3:12am
Quoting PipTrapper
Hey GMan. Welcome back. Were you on holiday?
No, not at all. Been working hard on my trading. Getting extra money from one of my relative and I want to be 100% ready then. Then I have enough money to manage my risk and make big enough trades as i want. 15 000€ a month is a minimum I want to make.
  • #44,122
  • Jul 25, 2012 3:12am Jul 25, 2012 3:12am
i agree 100% with you, trend is your friend AND stick to your plan, i commend you on that.Everything you just posted to me is correct and true.The way i trade is take and bank. If i could see into the future and see that a trend of 1000 pips was to be made i would still trade the way i do and would take over many thousands of pips. Pips pay my bills. take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,123
  • Jul 25, 2012 3:16am Jul 25, 2012 3:16am
Quoting GoldMan.
No, not at all. Been working hard on my trading. Getting extra money from one of my relative and I want to be 100% ready then. Then I have enough money to manage my risk and make big enough trades as i want. 15 000€ a month is a minimum I want to make.
Excellent. Best of luck. I am sure you will do very well.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,124
  • Jul 25, 2012 3:21am Jul 25, 2012 3:21am
I am just wondering how news has been factored into technical or would I say technical is factored into news. I knew EU can't just continue droping without a bounce from my zone. Though the zone is wide and that is why i was looking for good point to reduce the stop lost. 1.199x - 1.2019 is also within the zone. The bounce of 200 - 300 pips which can take up to 3 weeks is not impossible before Eu finally reach the projected target of 1.18xx or there about. Well, I blame myself again for closing when someone said his sell trigger hit @ 1.2115. Though, I still reenter my long @ 1.2094 and I think it is still good overall to trade what someone can see on his chart.


ADD: My TP hit 1.2126 and my sell triger @ 1.2127 so let see how it goes.
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #44,125
  • Jul 25, 2012 3:32am Jul 25, 2012 3:32am
Wow!!! UK q/q prelim GDP -0.7% vs -0.2% expected.

However, I suspect they knew it was going to be this low.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,126
  • Jul 25, 2012 3:33am Jul 25, 2012 3:33am
Quoting billytt
i agree 100% with you, trend is your friend AND stick to your plan, i commend you on that.Everything you just posted to me is correct and true.The way i trade is take and bank. If i could see into the future and see that a trend of 1000 pips was to be made i would still trade the way i do and would take over many thousands of pips. Pips pay my bills. take care
in honour of u ,reckon and PT i took profit on my bigger position down from 1.2040 and now only 20% of my position in play.now i can take these positions anytime i want.anyway i have leava now as few beauties waiting for me,see u all in next few hours
Allah has permitted trade and has forbidden interest [koran]
  • #44,127
  • Jul 25, 2012 3:37am Jul 25, 2012 3:37am
Quoting ejiexe
ADD: My TP hit 1.2126 and my sell triger @ 1.2127 so let see how it goes.

I have a sell limit order at 1.2140 (previously at 1.2160 but I moved it down). Let's see what happens. I am hopeful that it will be triggered.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,128
  • Jul 25, 2012 3:48am Jul 25, 2012 3:48am
Quoting drzakir123
in honour of u ,reckon and PT i took profit on my bigger position down from 1.2040 and now only 20% of my position in play.now i can take these positions anytime i want.anyway i have leava now as few beauties waiting for me,see u all in next few hours


Excellento! Am waiting for 1.2150 to break and stay for my 1.2060 long
  • #44,129
  • Jul 25, 2012 3:55am Jul 25, 2012 3:55am
hi bud, i am away now. i have many pips today so i will leave some for you lol. taking my daughter on boat. Take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #44,130
  • Jul 25, 2012 3:56am Jul 25, 2012 3:56am
Quoting rekon67


Excellento! Am waiting for 1.2150 to break and stay for my 1.2060 long
it has 15 min to hit 2150 if not - no chance for today...Thats according to a very fat descending TL in my charts Piptrappers 2140 getting less chance every few minutes too.. - max 2.5 hours
69
  • #44,131
  • Jul 25, 2012 3:58am Jul 25, 2012 3:58am
Quoting Likerty
it has 15 min to hit 2150 if not - no chance for today...Thats according to a very fat descending TL in my charts Piptrappers 2140 getting less chance every few minutes too.. - max 2.5 hours
Not sure about M15, H4 and H8 has the potential for today.
  • #44,132
  • Jul 25, 2012 4:00am Jul 25, 2012 4:00am
Quoting PipTrapper
I have a sell limit order at 1.2140 (previously at 1.2160 but I moved it down). Let's see what happens. I am hopeful that it will be triggered.
I really hope you don't get there (my s/l triggered at 1.2148....don't plan to move it up)
Good luck anyway :-)
  • #44,133
  • Jul 25, 2012 4:02am Jul 25, 2012 4:02am
Quoting micder
I really hope you don't get there (my s/l triggered at 1.2148....don't plan to move it up)
Good luck anyway :-)
2148 is the 38.2% fibo of the move down from last week's high. Perhaps your SL is a tad low? Just sayin
Those who say it cannot be done should not interrupt those who are doing it
  • #44,134
  • Jul 25, 2012 4:03am Jul 25, 2012 4:03am
Quoting micder
I really hope you don't get there (my s/l triggered at 1.2148....don't plan to move it up)
Good luck anyway :-)
Move it up and don't worry - the more the price goes up , the weaker supports becomes ! Its very common for a larger dive to take a hike long like this and many people were expecting it BTW
"It's the Margin, Stupid."
  • #44,135
  • Jul 25, 2012 4:04am Jul 25, 2012 4:04am
Quoting Likerty
it has 15 min to hit 2150 if not - no chance for today...Thats according to a very fat descending TL in my charts Piptrappers 2140 getting less chance every few minutes too.. - max 2.5 hours
I agree it's not looking too good right now but I have hopium on my side
Those who say it cannot be done should not interrupt those who are doing it
  • #44,136
  • Jul 25, 2012 4:05am Jul 25, 2012 4:05am
Quoting Vachus
Move it up and don't worry - the more the price goes up , the weaker supports becomes ! Its very common for a larger dive to take a hike long like this and many people were expecting it BTW
Good point.

However, micder has to make that decision for himself. It all depend on his risk management. He can always re-enter if he gets stopped out.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,137
  • Jul 25, 2012 4:07am Jul 25, 2012 4:07am
Thanks guys
Sitting firmly on the fence right now.
Ouch!
  • #44,138
  • Jul 25, 2012 4:08am Jul 25, 2012 4:08am
Quoting billytt
hi bud, i am away now. i have many pips today so i will leave some for you lol. taking my daughter on boat. Take care
Enjoy the day Bill
  • #44,139
  • Jul 25, 2012 4:09am Jul 25, 2012 4:09am
Quoting PipTrapper
Good point.

However, micder has to make that decision for himself. It all depend on his risk management. He can always re-enter if he gets stopped out.
Valid point and i totally agree ...
"It's the Margin, Stupid."
  • #44,140
  • Jul 25, 2012 4:12am Jul 25, 2012 4:12am
Scaled in additional long position on U/CAD 1.0194

1. Bullish Hidden Divergence
2. Oversold RSX
3. Hammer reversal candle pattern
4. 55 hour ema/sma support
5. Failure to reach rising channel support
6. Rejection at daily S1 support.

Wish me luck.

U/CAD H1
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Those who say it cannot be done should not interrupt those who are doing it
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