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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #46,421
  • Aug 7, 2012 9:34am Aug 7, 2012 9:34am
Quoting drzakir123
what happen tom,long time,do drop by some time.give ur reason for what went wrong ,u play very conservative .regards
Yo doc, I have always played conservative. Thats why I was quite angry when my SL got hit. I am usually waiting for like 2-3 months and then enter berserk mode once I feel market is about to break . I will drop by more often if this baby tanks down. Untill then, I am out of cash and have to work.

Reason for what went wrong? Easy. I am trying to trade like a full time trader but I dont have enough time to sit in front of computer. It is a bit of transoformation period for me.

T
"I know one thing, that I know nothing." Sokrates
  • #46,422
  • Aug 7, 2012 9:36am Aug 7, 2012 9:36am
Quoting drzakir123
yes its broken on oanda
the index you can see here
http://stockcharts.com/h-sc/ui?c=$spx

(on oanda you see CFD, i think)
  • #46,423
  • Aug 7, 2012 9:44am Aug 7, 2012 9:44am
CFD is type of cash settlement between broker and client. Or you may call it financial instrument. There is no such thing as CFD price. For example Oanda can sell CFD on SaP ETF fund. And this ETF fund can have different price than the actual SaP.

T
"I know one thing, that I know nothing." Sokrates
  • #46,424
  • Aug 7, 2012 9:48am Aug 7, 2012 9:48am
i wasnt needed today so i spent most of the day scalping, but as you all know its all rather slow today.
DrZak i may of misread your post yesterday i am going to post some small trades i have made specially for you to show you how compounding works and how the account grows, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,425
  • Aug 7, 2012 9:50am Aug 7, 2012 9:50am
Maybe Piptrapper can do a poll: Is the Euro bottom formed for the year ?
Inflation in things we need, Deflation in things we want.
  • #46,426
  • Aug 7, 2012 9:57am Aug 7, 2012 9:57am
IMO, G/U has been a much better pair to scalp last two days compared to others. E/U is crap!
  • #46,427
  • Aug 7, 2012 10:01am Aug 7, 2012 10:01am
Quoting Thijs
Maybe Piptrapper can do a poll: Is the Euro bottom formed for the year ?
Rofl. The most useless poll ever .
"I know one thing, that I know nothing." Sokrates
  • #46,428
  • Aug 7, 2012 10:03am Aug 7, 2012 10:03am
i made about 90 pips today on e/u scalping and thats with compounding at a low level. I dont think g/u would of been any better the way i trade lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,429
  • Aug 7, 2012 10:09am Aug 7, 2012 10:09am
Quoting billytt
i made about 90 pips today on e/u scalping and thats with compounding at a low level. I dont think g/u would of been any better the way i trade lol
I'm not comfortable scalping on the long side of E/U. At least with G/U, you know it's trading within a bigger zone.
  • #46,430
  • Aug 7, 2012 10:15am Aug 7, 2012 10:15am
Well maybe it will be interesting for some ppl here:

CFDs Trading vs Futures
http://www.contracts-for-difference....rsus-cfds.html
  • #46,431
  • Aug 7, 2012 10:15am Aug 7, 2012 10:15am
Quoting Tom_D_Trader
Rofl. The most useless poll ever .
Well from a strictly TA perspective (I am talking Yearly and Quarterly charts and not FA) was an open question until last month close. The Q roll wasn't enough. The bottom is too feeble now to call a low and a break below 1.233x will be enough to take the yearly lows.

1.183x looks almost unavoidable yearly chart and TA wise. Because the yearly low is still open, fast and wide volatility is expected later especially if we manage to make a confirmed pullback this month close (reference 1.236x).

In simple words, IMO the OP wasn't t that "crazy" to ask that question as it defines the direction and TA flows for the rest of the year....for now we have 100% confirmed profit taking from (Y)/Q/M and W this year leg down.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #46,432
  • Aug 7, 2012 10:16am Aug 7, 2012 10:16am
Quoting balanced2012
Draghi Says Dont short euro !!! what do you say PT ??
Say wait till the fat lady sings then go short. Scalping is entirely different story.
  • #46,433
  • Aug 7, 2012 10:21am Aug 7, 2012 10:21am
i made almost equal amounts of trades buying and selling e/u, i just followed the directional movement on different time frames plus i was chasing approx 10 pips per trade and hopefully catching any spikes ( i am still waiting )lol and then compounding part of the gains
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #46,434
  • Aug 7, 2012 10:30am Aug 7, 2012 10:30am
Hi sisse.

I was only joking, as usuall. From a monthly perspective, I am watching ,2295 to show the way. On the road to this number, there is strong zone @ ,233 - ,235. But as I said already, I am expecting choppy month. Draghi wont give up soon. So for me 2295 key and expecting "Doji" monthly, maybe a bit bullish with close @ ,234.

T
"I know one thing, that I know nothing." Sokrates
  • #46,435
  • Aug 7, 2012 10:30am Aug 7, 2012 10:30am
Quoting FXSwissTrader
I'm not comfortable scalping on the long side of E/U. At least with G/U, you know it's trading within a bigger zone.
Bearish divergence on E/U and E/J on hourly. patiently!
  • #46,436
  • Aug 7, 2012 10:34am Aug 7, 2012 10:34am
Quoting Chika Kure
Well maybe it will be interesting for some ppl here
I wonder if this was supposed to be pointed towards me. But dont listen to internet, listen what Tom says . CFD - contract for difference. Difference in what? In price of an underlying asset. How do you trade index made of 500 stocks? Via ETF.

T
"I know one thing, that I know nothing." Sokrates
  • #46,437
  • Aug 7, 2012 10:40am Aug 7, 2012 10:40am
Daily close above 1.2450 should alarm sellers Weekly and Monthly pretty bullish technically and opens 1.264x area reachable.

Weekly so far healthy bull.

Failing the above scenario should continue long term bearish trend where we could locate the higher point of this unfinished swing at 1.2440 area.

or else we wait more to have shorts @ 1.26xx level (not in between) for low risk swinging.
  • #46,438
  • Aug 7, 2012 10:43am Aug 7, 2012 10:43am
Trianguloidsomething coming to an end. Watch H1 close below 24266 to confirm road to retest 2406.

T
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"I know one thing, that I know nothing." Sokrates
  • #46,439
  • Aug 7, 2012 10:51am Aug 7, 2012 10:51am
Quoting rekon67
Daily close above 1.2450 should alarm sellers Weekly and Monthly pretty bullish technically and opens 1.264x area reachable.

Weekly so far healthy bull.

Failing the above scenario should continue long term bearish trend where we could locate the higher point of this unfinished swing at 1.2440 area.

or else we wait more to have shorts @ 1.26xx level (not in between) for low risk swinging.
Sale Trigger: TF H4: CCI under 100, Stoch RSI: overbought and Divergence cross down.

Not now, not in this H4.
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  • #46,440
  • Aug 7, 2012 10:54am Aug 7, 2012 10:54am
Quoting Tom_D_Trader
I wonder if this was supposed to be pointed towards me. But dont listen to internet, listen what Tom says ...
Now when I think of it, dont listen to what I say, I may be wrong. I am, from time to time. Nevertheless, I just cant imagine how could it work and will be glad if somene tells me how.

So lets say you want to go long on some index and your counterpart wants to go short. So it pairs you and this moves price of the "CFD instrument" tracked by broker away from SaP original price. And then what? Price is different, so reaction of investors will be different again, untill the instrument makes bubble and crashes. Imo for this kind of instrument to be tradable, it must have exposure to the actual index, in other words, to own shares of those companies. And thats ETF.

T
"I know one thing, that I know nothing." Sokrates
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