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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #47,781
  • Aug 15, 2012 9:22am Aug 15, 2012 9:22am
Quoting Likerty
Its easy for you with 99% of equity to spare
haha. Exactly. It's called risk control.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,782
  • Aug 15, 2012 9:24am Aug 15, 2012 9:24am
you are doing fine, the quote from pt you just posted says it all. Trading is easy if you stick to your plan do not get involved with politics or room chit chat.Strange things in trading do happen but we are outsiders so let them times roll by. Take care buddy ask questions if you want
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,783
  • Aug 15, 2012 9:24am Aug 15, 2012 9:24am
Quoting Cgb
I closed mine for a whopping +5 yesterday. No patience for it.
I had a few chances to scalp it too but managed to force myself in to patient bull and now sitting with hanging 60 red pips.. Waiting for 9870'ties to add more
69
  • #47,784
  • Aug 15, 2012 9:32am Aug 15, 2012 9:32am
Look at that nice pop from .80 on crude and it hit my target of .40

Question now is will it continue to move up and will it be capped at the top trendline?
I observe your reality but live my own.
  • #47,785
  • Aug 15, 2012 9:33am Aug 15, 2012 9:33am
Quoting Likerty
I had a few chances to scalp it too but managed to force myself in to patient bull and now sitting with hanging 60 red pips.. Waiting for 9870'ties to add more
Patience is what this business is about unless you like to get in and out the same day, in which case taking a U/CAD long is not the right trade.

Many will say, "Trade what you see and not what you think". Most traders take that to mean that you should only trade based on what your charts say. While that works very well for intraday trading combined with a system of probabilities and a 1:2 and greater risk/reward ratio, when it comes to swing and position trading, if you only trade what you see on the charts, you have to be prepared to endure some underwater trades for an extended period of time. A 20 to 30 pip target with a 10 pip stop will work very well on the M5 or M15 chart, but if you try that on an H4 chart, you might as well send a cheque to your broker and save yourself the trouble of waiting to get stopped out every time.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,786
  • Aug 15, 2012 9:33am Aug 15, 2012 9:33am
1st spike on oil lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,787
  • Aug 15, 2012 9:35am Aug 15, 2012 9:35am
Quoting Cgb
Look at that nice pop from .80 on crude and it hit my target of .40

Question now is will it continue to move up and will it be capped at the top trendline?
hmmm
I don't usually trade oil, but once I wanted to enter a trade, TRADE IS DISABLED by my broker.
  • #47,788
  • Aug 15, 2012 9:35am Aug 15, 2012 9:35am
Quoting billytt
you are doing fine, the quote from pt you just posted says it all. Trading is easy if you stick to your plan do not get involved with politics or room chit chat.Strange things in trading do happen but we are outsiders so let them times roll by. Take care buddy ask questions if you want
i am foxing on the forex market for coupel of years now, i heve learnd alot,
and all ways willing to learn more(i think i heve lot to learn more about the fundamental news and so, white thechnichall analasis i am super no problem at all).

Iam just A pips on the rode :nerd:
  • #47,789
  • Aug 15, 2012 9:43am Aug 15, 2012 9:43am
Quoting PipTrapper
Patience is what this business is about unless you like to get in and out the same day, in which case taking a U/CAD long is not the right trade.

Many will say, "Trade what you see and not what you think". Most traders take that to mean that you should only trade based on what your charts say. While that works very well for intraday trading combined with a system of probabilities and a 1:2 and greater risk/reward ratio, when it comes to swing and position trading, if you only trade what you see on the charts, you have to be prepared to endure...
The problem is that my charts shows many lines BELOW that could send this pair up
In my trades I risk my profits. So if UCad goes wrong - it will eat profits made by scalping E/U for last two weeks.
69
  • #47,790
  • Aug 15, 2012 9:50am Aug 15, 2012 9:50am
try trading just one pair unless you are super confident and have the mentality to trade more than one, but with this you are entering a totally different trading world, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,791
  • Edited 9:53am Aug 15, 2012 9:52am | Edited 9:53am
Quoting PipTrapper
Patience is what this business is about unless you like to get in and out the same day, in which case taking a U/CAD long is not the right trade.

Many will say, "Trade what you see and not what you think". Most traders take that to mean that you should only trade based on what your charts say. While that works very well for intraday trading combined with a system of probabilities and a 1:2 and greater risk/reward ratio, when it comes to swing and position trading, if you only trade what you see on the charts, you have to be prepared...
AMEN! Perfect post!

I am building my positions on USD/CAD and they are underwater. I have one more to add @.9873 and I will shake and let marinate. I believe when reality of slow to non-existent world growth finally sinks in, and QE3 bugs finally give up, oil drops like a rock and I take final profits @ 1.0380

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Attached Image (click to enlarge)
Click to Enlarge Name: 8-15-12_usdcad.png Size: 76 KB
  • #47,792
  • Aug 15, 2012 9:55am Aug 15, 2012 9:55am
Quoting Gofer Pips
AMEN! Perfect post!

I am building my positions on USD/CAD and they are underwater. I have one more to add @.9873 and I will shake and let marinate. I believe when reality of slow to non-existent world growth finally sinks in, and QE3 bugs finally give up, oil drops like a rock and I take final profits @ 1.0380

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Why do you believe oil will drop like a rock?
I observe your reality but live my own.
  • #47,793
  • Edited 10:03am Aug 15, 2012 10:01am | Edited 10:03am
Quoting Cgb
Why do you believe oil will drop like a rock?
isn't there a lot of talk about invading Syria?
wouldn't that create a rise on oil prices?
Wooooohooooo or Boooooohooooo
  • #47,794
  • Aug 15, 2012 10:04am Aug 15, 2012 10:04am
any attack will be after ramadan, my triggers will be set attack or no attack
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,795
  • Aug 15, 2012 10:06am Aug 15, 2012 10:06am
Quoting billytt
any attack will be after ramadan, my triggers will be set attack or no attack
of course ...
no war during ramadan
Wooooohooooo or Boooooohooooo
  • #47,796
  • Aug 15, 2012 10:25am Aug 15, 2012 10:25am
Quoting Cgb
Why do you believe oil will drop like a rock?
I think I have posted this earlier but I'm too lazy to find it.

Slow growth in China, Europe, US = lower demand.

Technically on monthly chart of USDCAD we are 800+ pips away from lowest spike and 400+ from lowest close.

I just believe we are carving out a higher monthly low.

If that doesn't work then..................
Attached Image
  • #47,797
  • Aug 15, 2012 10:29am Aug 15, 2012 10:29am
Quoting gnomoneey
isn't there a lot of talk about invading Syria?
wouldn't that create a rise on oil prices?
Who?

Nobody has any money to fund that!

But hey, it's never stopped them before!

Temporarily
  • #47,798
  • Aug 15, 2012 10:33am Aug 15, 2012 10:33am
me and pt can fund it lol
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,799
  • Aug 15, 2012 10:35am Aug 15, 2012 10:35am
Quoting billytt
me and pt can fund it lol
You go!
  • #47,800
  • Aug 15, 2012 10:36am Aug 15, 2012 10:36am
Stubborn ass 1.2287 again! I hope it holds as ressistance. If not, another short opportunity!
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