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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #46,621
  • Aug 8, 2012 6:03am Aug 8, 2012 6:03am
Quoting Cgb
Screen capture from WindAlert... Very sad! There's no winds anywhere!
Eat some cabbage with onions and mushroom. Then you can make your own wind
Those who say it cannot be done should not interrupt those who are doing it
  • #46,622
  • Edited 6:17am Aug 8, 2012 6:06am | Edited 6:17am
Quoting FXSwissTrader
+85 pips E/U from yesterday open short at top.
Me too +85 , took it at 2350 (only 2/3 of short actually)

You always seem to have 100s of pips in one day, you're good Swissy...very good indeed.
Be hopeful in a winning position, and fearful in a losing position.
  • #46,623
  • Aug 8, 2012 6:06am Aug 8, 2012 6:06am
Quoting PipTrapper
Eat some cabbage with onions and mushroom. Then you can make your own wind
  • #46,624
  • Aug 8, 2012 6:08am Aug 8, 2012 6:08am
Quoting CurrencyMan
When I first started trading money during early 2006 I was often holding positions for as much as 30 days. During 2007 trading a $100,000 US account with PFG Best in Chicago (Now KAPUT) in a 30 day period I had rollover costs of $17,000 US so you can see I was buying and holding. I was trading EUR/USD long at the time.

During 2008 just after EUR/USD hit the HIGH of just over 1.6000 (September 2008) and we had it meltdown to 1.2500 by November 2008, I changed my trading style to rarely keeping positions for more than 3 days.

The bottom line...
Agree, agree ...
Just one more thing to add: PATIENCE
When I am playing short term, I know within two or three hours whether I was right or wrong. That suits me... that's my style.
I can be bull in the morning, and bear in the evening, hehehehe.
I started trading with FX options, but it was a torture to me waiting for my SELL option strategy to "grow" dorp by drop, cent by cent for weeks...
Even I have developed many strategies myself, I even created unique software to analyse and I made some profits, it was so damn painful doing nothing but WAITING
---
Read Charts - Not Papers
  • #46,625
  • Aug 8, 2012 6:09am Aug 8, 2012 6:09am
Quoting PipTrapper
Eat some cabbage with onions and mushroom. Then you can make your own wind
Then I'll need a much smaller kite than I have!
I observe your reality but live my own.
  • #46,626
  • Aug 8, 2012 6:10am Aug 8, 2012 6:10am
Quoting PipTrapper
I think you are absolutely correct from a day trader's perspective. A day trader should trade both ways if he/she wants to leverage as many opportunities as possible. However, that doesn't stop one from also taking advantage of positional opportunities (with the appropriate leverage) over and above one's day trading activities.

What do YOU think?
Couldn't agree more
Read Charts - Not Papers
  • #46,627
  • Aug 8, 2012 6:12am Aug 8, 2012 6:12am
E/U is melting ice cream
Attached Image
  • #46,628
  • Aug 8, 2012 6:12am Aug 8, 2012 6:12am
ECB is waiting for German Constitutional Court to make decision on ESM before further decision on monetary actions. Does not rule out further rate cuts.
  • #46,629
  • Aug 8, 2012 6:13am Aug 8, 2012 6:13am
Took small Long in E/J @ 96.79
RSI and stoch oversold @1H
tried to get to 200 MA last hour and went back up
SL @ 96.30
TP @ 97.00 1/2 rest at break even if we get there.
  • #46,630
  • Aug 8, 2012 6:13am Aug 8, 2012 6:13am
Quoting Rag2RichesFX
Me too +85 , took it at 2450 (only 2/3 of short actually)
  • #46,631
  • Aug 8, 2012 6:17am Aug 8, 2012 6:17am
Quoting FXSwissTrader
lol, *2350

Way to copy the talking forex guy word for word. I can never remember what he says so I never post the rumors, but you're always on it
Be hopeful in a winning position, and fearful in a losing position.
  • #46,632
  • Aug 8, 2012 6:17am Aug 8, 2012 6:17am
Quoting halkins
Couldn't agree more
You know in a way I do day trade, but I don't consider it so. I'll explain and you be the judge.

When I jump in to a position trade, it is always (or at least almost always) pre-planned with my targets for profit set. However, I rarely keep the entire position all the way to target. At some point when price hits the next major support/resistance area and I expect a corrective pullback, I take partial profits (Usually 50% or more) and let the rest ride as a positional trade. So I suppose that partial profit can be considered my day trade
Those who say it cannot be done should not interrupt those who are doing it
  • #46,633
  • Aug 8, 2012 6:17am Aug 8, 2012 6:17am
Quoting Covux
Took small Long in E/J @ 96.79
RSI and stoch oversold @1H
tried to get to 200 MA last hour and went back up
SL @ 96.30
TP @ 97.00 1/2 rest at break even if we get there.

Unless this is a longer term trade just be aware that you're going long against the Japanese Yen which is strongest currency so far today -vs- the Euro, which is weakest. GL though.
  • #46,634
  • Aug 8, 2012 6:20am Aug 8, 2012 6:20am
Quoting Rag2RichesFX
lol, *2350

Way to copy the talking forex guy word for word. I can never remember what he says so I never post the rumors, but you're always on it
I only post what I feel is relevant and confirmed. No rumours unless it's a juicy one. I have great memory and fast fingers.
  • #46,635
  • Aug 8, 2012 6:22am Aug 8, 2012 6:22am
Quoting FXSwissTrader
I only post what I feel is relevant and confirmed. No rumours unless it's a juicy one. I have great memory and fast fingers.
True, that wasn't a rumor was it... I wasn't listening too well as usual
Be hopeful in a winning position, and fearful in a losing position.
  • #46,636
  • Aug 8, 2012 6:23am Aug 8, 2012 6:23am
Quoting FXSwissTrader
+75 pips scalp on G/U.
+50 pip scalp on E/J

So far this morning.
Congrats FXSwiss. I thought you gonna scalp 100 pips for each pair.
  • #46,637
  • Aug 8, 2012 6:26am Aug 8, 2012 6:26am
Quoting Tom_D_Trader
Those are not my theories, I have found it somwhere, but I find the pyramid valid. Well, I am somwhere between semiproductivity and finding fails . Most of the time, I am relaxing here, as if I want to be productive, I need to sit and read and read and read ..... or program and program and program. Both of these is very time consuming.

T
  • #46,638
  • Aug 8, 2012 6:30am Aug 8, 2012 6:30am
Quoting AlwaysLost
Congrats FXSwiss. I thought you gonna scalp 100 pips for each pair.
I take what the market gives. I set 50 pips hard TP or 100 pips base on trend strength. If PA stalls and is OB/OS, banging against key S&R or where heavy market orders sits, I will manually TP before the market takes it back. I very rarely scalp for under 50 pips. In other words, don't enter a position unless you're confident. Don't enter just to be in the market.
  • #46,639
  • Aug 8, 2012 6:32am Aug 8, 2012 6:32am
Agreement struck in Japan Gov't between opposition leaders on bill to raise the sales tax.
  • #46,640
  • Aug 8, 2012 6:35am Aug 8, 2012 6:35am
23464 rejected on first attempt. PA would need fast momentum to breach the zone. It is very thick. Now we are climbing up and I hope to reload at last weeks close.

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