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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,081
  • Aug 10, 2012 3:26am Aug 10, 2012 3:26am
m5 looks like he is ready to retest 2287

edit: m15 fails
"I know one thing, that I know nothing." Sokrates
  • #47,082
  • Aug 10, 2012 3:33am Aug 10, 2012 3:33am
Quoting Tom_D_Trader
I have such a fund, I have diversified my assets. But I hate to live from my reserves, they should be growing, because they are not that big. In fact they are pretty small, as I am still young. I am really glad you are here. I ve got noone else to talk to about my problems, since my "living" friends dont know what a fcking stress this is. Thanks for beeing here guys.

T
Tom,

I know it can be hard to dip into those funds, especially since they're small. However, you need to be realistic about the harm and damage you can do to your non-reserves by NOT tapping into them.

If you lose a substantial portion of your trading funds because of a poor mental state... is that really worth it? My suggestion is to do the math on the potential lose you think you might realize because of your current mindset and then do the math on how much it would "cost" you from your reserves to take some time off and get the head straight.

I'm betting that once you quantify it that way, the choice will be quite clear.

I'm headed to be, bro. But if you need to chat, just PM me.
check out my blog: forexmademillionaire dot com
  • #47,083
  • Aug 10, 2012 3:37am Aug 10, 2012 3:37am
Thank you for your kind words. And for willingness to listen to my whining .

Edit: And for good advices.

T
"I know one thing, that I know nothing." Sokrates
  • #47,084
  • Aug 10, 2012 3:40am Aug 10, 2012 3:40am
Quoting Islander
that got hit in a high volumed semi marubozo.....does that imply a pull back....
and so it did - first to the 38% retrace, but then yesterday's low held and given the higher volumes showing on the 15m and hourly charts and that its a Freaky Friday I banked my pips and called it a morning.....

for now, the 61.8 / MS 1 level is acting as resistance....
Trading Levels with WRBs
  • #47,085
  • Aug 10, 2012 3:48am Aug 10, 2012 3:48am
Good morning everyone.

For intraday traders, E/U will probably range til NY open. Look to trade G/U and A/U as they are the weakest currency against U.S dollar so far today. I would look to trade on retrace. GL today.
  • #47,086
  • Aug 10, 2012 4:00am Aug 10, 2012 4:00am
Quoting Tom_D_Trader
I have such a fund, I have diversified my assets. But I hate to live from my reserves, they should be growing, because they are not that big. In fact they are pretty small, as I am still young. I am really glad you are here. I ve got noone else to talk to about my problems, since my "living" friends dont know what a fcking stress this is. Thanks for beeing here guys.

T
Hello Tom. I'm sorry for your recent troubles my friend. We as traders go through hills and valleys throughout our chosen profession. You just need to know when it would be beneficial to just step away for a few to reflect and to clear your mind. Once you have done that, will you be able to think more clearly. I'm sorry you are fighting with your sibblings as well. Just remember that family is most important and having disharmony enter your life does no one any good. Especially a full time trader. Please clear things up internally and externally so your mind is at peace, and you can return to your prosper way of trading. I wish you the best my friend.
  • #47,087
  • Aug 10, 2012 4:00am Aug 10, 2012 4:00am
Quoting FXSwissTrader
Good morning everyone.

For intraday traders, E/U will probably range til NY open. Look to trade G/U and A/U as they are the weakest currency against U.S dollar so far today. I would look to trade on retrace. GL today.
GM ST - agreed, cable was the better - and clearer - to trade this morning.....and I'm already finished till the early East Coast guys wake up.....
Trading Levels with WRBs
  • #47,088
  • Aug 10, 2012 4:04am Aug 10, 2012 4:04am
Quoting Islander
GM ST - agreed, cable was the better - and clearer - to trade this morning.....and I'm already finished till the early East Coast guys wake up.....
Hey buddy. I was able to bank 100+ pips myself between the two pairs, as I had open positions last night before going to bed. Great to wake up to green pips.
  • #47,089
  • Aug 10, 2012 4:17am Aug 10, 2012 4:17am
Quoting Tom_D_Trader
... since my "living" friends dont know what a fcking stress this is.
Only traders know that. Keep stressing myself for 8 years now... since Aug. 2004. Learning, adjusting myself constantly to the market(s), living my life beside trading, personal issues... overwelming sometimes. But sitting in my underpants at home, without a boss over my head - priceless.
  • #47,090
  • Aug 10, 2012 4:19am Aug 10, 2012 4:19am
Quoting Chika Kure
Only traders know that. Keep stressing myself for 8 years now... since Aug. 2004. Learning, adjusting myself constantly to the market(s), living my life beside trading, personal issues... overwelming sometimes. But sitting in my underpants at home, without a boss over my head - priceless.
Make yourself rich, instead of the asshole you work for.
  • #47,091
  • Aug 10, 2012 4:21am Aug 10, 2012 4:21am
Aaaghhh ... had heavy Lunch .. now feeling sleepy .. can't work.
Attached Image
  • #47,092
  • Aug 10, 2012 4:22am Aug 10, 2012 4:22am
Quoting FXSwissTrader
Good morning everyone.

For intraday traders, E/U will probably range til NY open. Look to trade G/U and A/U as they are the weakest currency against U.S dollar so far today. I would look to trade on retrace. GL today.
Short GU @1.5618 where the 61.8 fib and 2400ema on the 5min tf
great ema's
  • #47,093
  • Aug 10, 2012 4:24am Aug 10, 2012 4:24am
Quoting mka_78
Short GU @1.5618 where the 61.8 fib and 2400ema on the 5min tf
Good for you buddy. Did you take profit down below?

Btw- I took the trade last night at the 660EMA.
  • #47,094
  • Aug 10, 2012 4:24am Aug 10, 2012 4:24am
Could someone comment on this?

Last three spikes are very clear, but also in the past this is noticable - each 26 trading days or each 35 calendar days and about 156 4h bars (or 10 times a year?) - anyway it does'n seem to be very round number...

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_26.png Size: 23 KB
  • #47,095
  • Aug 10, 2012 4:25am Aug 10, 2012 4:25am
Quoting FXSwissTrader
Hello Tom. I'm sorry for your recent troubles my friend. We as traders go through hills and valleys throughout our chosen profession. You just need to know when it would be beneficial to just step away for a few to reflect and to clear your mind. Once you have done that, will you be able to think more clearly. I'm sorry you are fighting with your sibblings as well. Just remember that family is most important and having disharmony enter your life does no one any good. Especially a full time trader. Please clear things up internally and externally...
Well said .............
  • #47,096
  • Aug 10, 2012 4:26am Aug 10, 2012 4:26am
Quoting FXSwissTrader
Good for you buddy. Did you take profit down below?

Btw- I took the trade last night at the 660EMA.
I still didn't enter the trade, but I am looking for.
I shorted gold @ 1617.7 yesterday before going to bed but tp @ 1605.3 didn't hit, 2 pips missed. really hate that, could've banked 126 pips
  • #47,097
  • Aug 10, 2012 4:29am Aug 10, 2012 4:29am
Quoting mka_78
I still didn't enter the trade, but I am looking for.
I shorted gold @ 1617.7 yesterday before going to bed but tp @ 1605.3 didn't hit, 2 pips missed.
Oh I misunderstood. GL

Edit: Sucks when TP doesn't hit. Gold has such huge swings, I would be careful placing any open positions before going to bed. Just my advice.
  • #47,098
  • Edited 5:11am Aug 10, 2012 4:40am | Edited 5:11am
Another Tip for my intra daytrading Friends:

Once you have place the appropriate EMA's on the lower TF, as I recommended in the past. Next, place an MTF bollinger band on the 5min Tf and set it to read the 15 MIN TF. When price is trending, it will more often then none retrace to the mid band of bollinger. That IMO would be a great place to re enter a position.

If you would rather not use an MTF bollinger band, then place a 60SMA on the 5min chart. This will represent the middle band of the BB from the 15min chart. MTF BB works better though.

See how E/U confirms all of this.

Happy trading.
  • #47,099
  • Aug 10, 2012 4:42am Aug 10, 2012 4:42am
Quoting FXSwissTrader
Oh I misunderstood. GL

Edit: Sucks when TP doesn't hit. Gold has such huge swings, I would be careful placing any open positions before going to bed. Just my advice.
I know that, that's why I only place tiny orders.
In my opinion, Gold is the best account killer if there is no proper mm
  • #47,100
  • Aug 10, 2012 4:45am Aug 10, 2012 4:45am
Quoting FXSwissTrader
Another Tip for my intra daytrading Friends:

Once you have place the appropriate EMA's on the lower TF, as I recommended in the past. Next, place an MTF bollinger band on the 5min Tf and set it to read the 15 MIN TF. When price is trending, it will more often then none retrace to the mid band of bollinger. That IMO would be a great place to re enter a positions.

If you would rather not use an MTF bollinger band, then place a 60SMA on the 5min chart. This will represent the middle band of the BB from the 15min chart.

Do it now...
Is it possible to set (show) specific ema's in only specific tf in mt?
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