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EurAnalysis Kindergarten 24 replies

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  • #47,801
  • Aug 15, 2012 8:38am Aug 15, 2012 8:38am
Page 3187.....is the ignorant ass Gofer Pip spammy page!
  • #47,802
  • Aug 15, 2012 8:39am Aug 15, 2012 8:39am
Quoting gnomoneey
isn't there a lot of talk about invading Syria?
wouldn't that create a rise on oil prices?
Talk is cheap. Where have you heard this talk?
If Syria is invaded, it will not be by the bankrupt US, I can assure you. Maybe Iran will invade them, in which case the US will be more than happy to lift the sanctions against Iranian oil in return for them doing the dirty work. The result... higher global supply of oil = lower oil prices.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,803
  • Aug 15, 2012 8:41am Aug 15, 2012 8:41am
Quoting Gofer Pips
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..................
I think you said that when I called $96 on the inverted H&S at $84
I observe your reality but live my own.
  • #47,804
  • Aug 15, 2012 9:01am Aug 15, 2012 9:01am
Quoting Cgb
I think you said that when I called $96 on the inverted H&S at $84
I believe he did, and I agree with him. I also agree with your technical call, but once the inverted H/S pattern has played out, what then?

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #47,805
  • Aug 15, 2012 9:09am Aug 15, 2012 9:09am
Quoting PipTrapper
I believe he did, and I agree with him. I also agree with your technical call, but once the inverted H/S pattern has played out, what then?

http://www.youtube.com/watch?v=_d8ROhH3_vs


OR...............



Inserted Video
  • #47,806
  • Edited 9:13am Aug 15, 2012 9:10am | Edited 9:13am
Quoting PipTrapper
I believe he did, and I agree with him. I also agree with your technical call, but once the inverted H/S pattern has played out, what then?

http://www.youtube.com/watch?v=_d8ROhH3_vs
You take a nice long holiday having bagged 1200 pips in a few weeks and short the sucker because you don't want to come back from said vacation
I observe your reality but live my own.
  • #47,807
  • Aug 15, 2012 9:18am Aug 15, 2012 9:18am
Quoting Cgb
You take a nice long holiday having bagged 1200 pips in a few weeks and short the sucker because you don't want to come back from said vacation
  • #47,808
  • Aug 15, 2012 9:21am Aug 15, 2012 9:21am
Quoting PipTrapper
Talk is cheap. Where have you heard this talk?
If Syria is invaded, it will not be by the bankrupt US, I can assure you. Maybe Iran will invade them, in which case the US will be more than happy to lift the sanctions against Iranian oil in return for them doing the dirty work. The result... higher global supply of oil = lower oil prices.
Heres some reports I've read

http://rt.com/usa/news/pentagon-syria-us-forces-923/

http://www.infowars.com/libyan-terro...nvading-syria/

Hope that comes out properly. Sending thru iPhone while sitting having coffee at krispy Kreme.
Wooooohooooo or Boooooohooooo
  • #47,809
  • Aug 15, 2012 9:22am Aug 15, 2012 9:22am
Shorted ucad from 1.0040

Currently convincingly broke downtrend channel support. Target price 97.8 to take half profits. Outlook bearish.
  • #47,810
  • Aug 15, 2012 9:30am Aug 15, 2012 9:30am
Quoting PipTrapper
... and that's exactly the key Billy. Just follow the major trend.
In a down trend, sell the rallies.
In an up trend, buy the dips.
Never over leverage yourself
Use technical indicators as your guide for entries and partial/full exits.
Try and plan every trade.
Know your exits (profit targets and risk limits).
It's that simple.
That usd:jpn trade you highlighted was simple , thank you very much for the heads up ok i lost a third of it by closing 2 thirds and moving my stop loss to break even . but as you often say take partial proifits off the table.

oh and congrats on a great thread
  • #47,811
  • Aug 15, 2012 9:39am Aug 15, 2012 9:39am
Quoting gnomoneey
Heres some reports I've read

http://rt.com/usa/news/pentagon-syria-us-forces-923/

http://www.infowars.com/libyan-terro...nvading-syria/

Hope that comes out properly. Sending thru iPhone while sitting having coffee at krispy Kreme.
Well it's all talk as far as I can tell. Reality is a different dog altogether.
When you see phrases like "On condition of anonymity" and "contingency plans", none of it is official. Unless you hear it coming out of Obama's mouth, it's all speculation. I do believe preparations are in place. The US military subscribes to the boy scout motto... "Be prepared". So that's all this is. Speculation of action solely based on the US military following their motto. Nothing more.

P.S. Not to mention that another war mission paid for by the US taxpayers will spell certain political doom for Obama.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,812
  • Aug 15, 2012 9:47am Aug 15, 2012 9:47am
Please I need a hammer here to break that trendline support
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #47,813
  • Aug 15, 2012 9:47am Aug 15, 2012 9:47am
usd/jpy enter short limit order at 79.10 serious resistance as per my cloud charts. added more positions to my usd/cad trade at the present levels.
Allah has permitted trade and has forbidden interest [koran]
  • #47,814
  • Aug 15, 2012 9:47am Aug 15, 2012 9:47am
Quoting Prosac_100Mg
That usd:jpn trade you highlighted was simple , thank you very much for the heads up ok i lost a third of it by closing 2 thirds and moving my stop loss to break even . but as you often say take partial proifits off the table.

oh and congrats on a great thread
That was an excellent grab.
Now take this and digest it well... You did NOT lose 1/3 of it. You made your profit goal. The 1/3 was never yours to lose. It belonged to the market. It's just that you didn't manage to make it. That's all. Forget about it. If you had taken it all instead of partial and price kept going down, you would have lost the opportunity to grab a bonus. It's all about opportunity in this business. It just didn't work out this time. Next time, you never know. That extra 1/3 you left on the table could have easily turned into another 2/3.
So, again. Excellent trade and well done.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,815
  • Aug 15, 2012 9:49am Aug 15, 2012 9:49am
i wouldnt bother too much what obama says, its the people running the country you ought to listen too like our civil service. Apart from a couple of trades this morning i havent touched e/u but have been scalping oil, i am glad its been a slow day but 11 trades and 1 loss but the funny thing is 2 min and 5 min then 15 its been so good,Thanks cgb for putting me onto oil, take care
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.
  • #47,816
  • Aug 15, 2012 9:52am Aug 15, 2012 9:52am
Quoting PipTrapper
Patience is what this business is about unless you...

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...
Once in a great while I come across a post that hits me smack in the face. This is that post PT! I've recently learned (the hard way of course), that I was trying to do too much in being successful in both intraday and swing trading. However, they take a different mindset and money management for each. For now I've focused on intraday and it's profitable for me.....maybe later on I will build up my swing skills. For now though I'll stick with what is bringing in the money.

Thanks again for the post!
Pipnosis "Mistakes are the portal of discovery." - James Joyce
  • #47,817
  • Aug 15, 2012 9:53am Aug 15, 2012 9:53am
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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You are also dying softly with that cad, I am too. Cad is amazing hard is winning in all pairs...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #47,818
  • Aug 15, 2012 9:59am Aug 15, 2012 9:59am
Quoting Luis Carlos
You are also dying softly with that cad, I am too. Cad is amazing hard is winning in all pairs...
Once oil reverses it's nonsensical rally, CAD and AUD will follow. It's just a matter of time.
Those who say it cannot be done should not interrupt those who are doing it
  • #47,819
  • Aug 15, 2012 9:59am Aug 15, 2012 9:59am
Goldamn Sucks saying no balance sheet expansion until end of 2012!

That damn Ben Bernutty better be listening! Freakin' lap dogs!


http://www.forexfactory.com/news.php?do=news&id=379091
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  • #47,820
  • Aug 15, 2012 10:02am Aug 15, 2012 10:02am
Quoting billytt
i wouldnt bother too much what obama says, its the people running the country you ought to listen too like our civil service. Apart from a couple of trades this morning i havent touched e/u but have been scalping oil, i am glad its been a slow day but 11 trades and 1 loss but the funny thing is 2 min and 5 min then 15 its been so good,Thanks cgb for putting me onto oil, take care
No problem.

I just closed another trade for +64 pips.
I observe your reality but live my own.
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