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EurAnalysis Kindergarten 24 replies

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  • #44,161
  • Jul 25, 2012 4:54am Jul 25, 2012 4:54am
Cant help but think that the US session will bring fibre even higher...

Quoting PipTrapper
Hopium and patience have paid off. Sell limit at 1.21407 triggered.

Now we see if that was a stupid move or not
  • #44,162
  • Jul 25, 2012 4:55am Jul 25, 2012 4:55am
Quoting Vachus
Good work man , can you please post the Chart picture to have a look on your analyses ... if you don't mind of course
1. 38.2% of decline fibo from last week's high to this week's low
2. 100 hour ema/sma area resistance
3. Daily mid point pivot DM5 resistance
4. Weekend gap fill.

E/U H1
Attached Image (click to enlarge)
Click to Enlarge Name: eu-h1.gif Size: 64 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #44,163
  • Jul 25, 2012 4:56am Jul 25, 2012 4:56am
You need to stop thinking about a Gap, there is none. Its just the opening and closing of retail traders. Trading is going on over the whole weekend, just not for us retailers.

Quoting tashkent
it is trying to close the gap, trigger stop losses at 1.2160, add some longs there and reach 1.2190. i am waiting, lets see.
  • #44,164
  • Jul 25, 2012 4:57am Jul 25, 2012 4:57am
Quoting TheSwede
Cant help but think that the US session will bring fibre even higher...
Anything is possible and if it happens, then it's just more opportunity to add fresh shorts at higher prices.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,165
  • Jul 25, 2012 4:58am Jul 25, 2012 4:58am
Quoting PipTrapper
2148 is the 38.2% fibo of the move down from last week's high. Perhaps your SL is a tad low? Just sayin
touched to the pip...
  • #44,166
  • Jul 25, 2012 4:59am Jul 25, 2012 4:59am
Quoting TheSwede
You need to stop thinking about a Gap, there is none. Its just the opening and closing of retail traders. Trading is going on over the whole weekend, just not for us retailers.
i do not care about gaps, you right. but when there are ppl who does, one needs to consider such option too
As Above, So Below
  • #44,167
  • Jul 25, 2012 5:00am Jul 25, 2012 5:00am
Quoting PipTrapper
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.
Hi PT...
It's funny how different views we have looking on the same charts, though we both end up in some green pips anyway.
I wish you luck buddy, but my view on USDCAD this morning is a bit different, and I'd go into LONG 70-100 pips lower.
However my "entries" make me risk of missing my entries, and the train can leave without me onboard.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 35 KB
Read Charts - Not Papers
  • #44,168
  • Jul 25, 2012 5:01am Jul 25, 2012 5:01am
mmh, you'll have a stronger resistance in the 2175 - 218 area (UTL - just to be safe), but looks like this spike up is running out of steam atm.

Quoting micder
You made it - took ages.
I moved s/l up to 1.2168 - won't push it up further, though
  • #44,169
  • Jul 25, 2012 5:02am Jul 25, 2012 5:02am
Quoting TheSwede
You need to stop thinking about a Gap, there is none. Its just the opening and closing of retail traders. Trading is going on over the whole weekend, just not for us retailers.
That's a controversial issue Swede. There are just as many who believe in it as there are who don't... as as long as it is seen as a valid trade by a large percentage, then it becomes a self-fulfilling prophecy when it is in confluence with other indicators... just like all other technical indicators.

Many don't believe in MAs, yet price always pauses at them.
Same applies to Fibo, MacD divergences, Daily pivots etc.
However, when you see a confluence of at least 3 indicators that suggest resistance or support combined with historical areas of resistance and support, I think it makes it valid... very valid.
Those who say it cannot be done should not interrupt those who are doing it
  • #44,170
  • Jul 25, 2012 5:04am Jul 25, 2012 5:04am
Yes, but only if the people with enough money to move price, thinks about them, and in this case I'm not to sure.

Quoting tashkent
i do not care about gaps, you right. but when there are ppl who does, one needs to consider such option too
  • #44,171
  • Jul 25, 2012 5:10am Jul 25, 2012 5:10am
Quoting halkins
Hi PT...
It's funny how different views we have looking on the same charts, though we both end up in some green pips anyway.
I wish you luck buddy, but my view on USDCAD this morning is a bit different, and I'd go into LONG 70-100 pips lower.
However my "entries" make me risk of missing my entries, and the train can leave without me onboard.

Attachment
Show a chart to two different traders and they will never come up with the same analysis.

However, I do also see a possible move down from here, but that will probably not start without some form of reversal pattern like a H/S formation. Since I already have existing long positions down at 1.0104 and 1.0135, my average will still be way in the green if price manages to break through my rising channel support. Nonetheless, I still expect to hit my 1.0250 target area

U/CAD H1
Attached Image (click to enlarge)
Click to Enlarge Name: uc-h1.gif Size: 57 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #44,172
  • Jul 25, 2012 5:13am Jul 25, 2012 5:13am
Quoting TheSwede
Yes, but only if the people with enough money to move price, thinks about them, and in this case I'm not to sure.
DrZakir is the one with the money. He started this rally when his buy limit order was triggered this morning
Those who say it cannot be done should not interrupt those who are doing it
  • #44,173
  • Jul 25, 2012 5:13am Jul 25, 2012 5:13am
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.
Nice trade level. I was eyeing it too. 100pip retrace off of the recent low.
  • #44,174
  • Jul 25, 2012 5:14am Jul 25, 2012 5:14am
Quoting PipTrapper
I have a perfect weapon for that... Patience

http://yourdailyenlightenment.crochi...7/patience.gif
It seems that patience is the devil and its the number one thing to master if one is to become successful.

My question to you is what do you do to avoid boredom and to stay focused whilst waiting (or waiting for the perfect trade setup).
I still find myself jumping in instead of waiting....
  • #44,175
  • Jul 25, 2012 5:15am Jul 25, 2012 5:15am
Aha that explains it all, when will he load more longs?

Quoting PipTrapper
DrZakir is the one with the money. He started this rally when his buy limit order was triggered this morning
  • #44,176
  • Jul 25, 2012 5:17am Jul 25, 2012 5:17am
Quoting EmeraldEyes
Nice trade level. I was eyeing it too. 100pip retrace off of the recent low.
Did you get in?
Those who say it cannot be done should not interrupt those who are doing it
  • #44,177
  • Jul 25, 2012 5:17am Jul 25, 2012 5:17am
Does anybody have WORKING script or something else, that will allow me to close multiple positions on Live acc. MT4 with 5-digit broker?

If so, please leave here, ty.
  • #44,178
  • Jul 25, 2012 5:20am Jul 25, 2012 5:20am
Quoting andys0506
It seems that patience is the devil and its the number one thing to master if one is to become successful.

My question to you is what do you do to avoid boredom and to stay focused whilst waiting (or waiting for the perfect trade setup).
I still find myself jumping in instead of waiting....
I search for funny pictures on Google and post them on EurAnalysis

http://motivational-ish.com/files/20...-yes-it-do.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #44,179
  • Jul 25, 2012 5:22am Jul 25, 2012 5:22am
May be this
Attached File(s)
File Type: ex4 close_all.ex4   2 KB | 206 downloads
File Type: mq4 close_all.mq4   1 KB | 222 downloads
  • #44,180
  • Jul 25, 2012 5:22am Jul 25, 2012 5:22am
Quoting andys0506
It seems that patience is the devil and its the number one thing to master if one is to become successful.

My question to you is what do you do to avoid boredom and to stay focused whilst waiting (or waiting for the perfect trade setup).
I still find myself jumping in instead of waiting....
Learn how to play Chess and play often ... it will help you to control yourself and think under pressure ! Also, better to read or listen to a lecture or read something of your interest ! The reason people get emotional , is because they enter a trade with no knowledge or any calculation of what is expected. Also, Looking at charts for long time makes you forget the big picture or taking a precises decision..

This is why most of Chess players they go to walk around or get out of the room to consider winning moves or reducing loses.

Piptrader : Thanks for the post, really appreciated it. You made me realize i made a mistake in my chart Fibo
"It's the Margin, Stupid."
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