EurAnalysis

If you're in at that level already, then a SL @ BE is a no risk trade. Just let that sucker ride!

Pretty boring watching sucker swimming.

H1 IB Trading, although not a good time for trading but today is holiday for me ;D

nothing wrong with ur calculations,the problems is with the volatality one will have to face near ur stop loss levels and the time market going to spend in that area affecting ur confidence when the market take u out of the position so many time that by the time a real move start u will be so exhausted defending ur position that the first time u see some profits and sitting on it and market dont move in ur favour further u take a small profit and run and then market again start to move and u cant take a position becos the point where risk and reward is favourable will be way above the market and it will be very difficult to jump back in the market,u see its all to do with u psycholgy and markets are not just number with very neat edges as ur calculation are showing,there is lot more to it,my love.
consider this, becos of volatality market has this nasty habit of covering its tract so many time that when ur in a position with serious money it feel like market is not moving at all becos, the way market move is in multiple direction with the effective direction which is a vector of it all will move so slowly impercetbly that one will never know when that happen and do rememeber fundamental take longer time to set in and also its horizon is different than the technical suggest and also do understand the difference between time frame and time horizon which are totally different kettle of fish.
let me give u a holygrail which is a secret and that is smaller the account one has,smaller should be ur leverage and bigger the time frame one should be concentrating on.u know what, it took about five yrs of hard knocks to realise the above sentence in red and there is lot of pain and sweat and hours of hardwork behind it.i will insist to u and all the noobs and suckers here to give the above in red a very serious consideration and think over it with different angles.

Super Like.

Closed all sales from morning. Sale Limit at 1.2380 till that some buy positions.

2% daily thats equal to >700% yearly which i think is unsustanable and once ur account grow to certain size it will become more and more difficult to achieve that becos ur percentage of risk will be same but the real money u will lose will be very high for ur comfort level psychologically.mathematics are very neat but not emotions

Good morning to all. I hope you all had a great weekend. I did

We are now in the final stretch of the corporate earnings season in what has been so far a very thin low liquidity market. The equity indices have seen 6 straight weeks of gains and the E/U pair has played in a 400 pip range between 1.2040 and 1.2440. In the last two weeks the range has become much tighter as volume has dropped even more and the news headline front has become rather quiet and no significant econ data from Europe has hit the wires (yet). The early part of this week should be no exception as there is not much scheduled for release until Thursday when we are due to see how well the EuroZone Manufacturing and Services PMI numbers have done. So, barring any further verbal diarrhea other than the latest focus on a possible Grexit, I anticipate that this pair will continue to range.

I have been scanning all the usual media hype (both printed and aired) and I have noticed that the market and media seem to be pretty well split down the middle when it comes to sentiment. If I had to rely on what I read and hear in the news, I would have to toss a coin to decide which way to trade this pair. I am still maintaining my bearish bias for reasons that are quite obvious to me. The debt crisis has not been addressed. The EZ economy is shrinking. Greece has a very serious solvency problem which they do not have the ability or political will to solve. Italy and Spain have a very significant funding cost problem which the ECB alone cannot address due to treaty restrictions. Of course, regardless of my sentiment and the rationale behind it, we all know that it is the market sentiment that counts rather than our individual sentiments, no matter whether or not it makes sense. If one looks purely at price action in this pair, it becomes quite obvious that sentiment (just like in the media) is pretty much split down the middle. In other words, neutral. So what is the market waiting for? Anything between a big bazooka from the ECB and another typical EZ face plant from the politicians. Which one will we get? Your guess is as good as mine. However, whatever we get, I'm still leaning to the bearish side. Until such time as I am convinced that the debt crisis has been adequately addressed with more than just can-kicking measures, there is still much room on the downside with possible limited upside corrections of a technical nature.

Looking once more at my H4 chart, as was the case last week, price is still bouncing within the compressing range flanked from both directions by the H4 rising channel support and the larger falling channel resistance (also referred to as the longer term falling trend line). An inevitable break of one of the above two lines early this week (possibly today) will certainly show some promise, but with the low volume (which will become even lower as earnings season comes to an end), I just do not see any significant momentum building behind any break, but rather it will just set the stage for a new short term range. Considering my bearish bias, I am more inclined to believe that we shall see the rising channel support broken with a target of 1.2240 (50% fibo of move up from 1.2041 to 1.2442) with a possible extension to 1.2195 (61.8% fibo of same range). If we do get a break to the upside, I fully expect it to be a fake-out as any price above 1.2380 will surely attract official and semi-official offers. Of course I am not psychic (I'll never get tired of saying that) so I may be dead wrong. However, in a market where one is forced to toss a coin, I choose the follow the underlying fundamentals that ultimately drive the market in the mid to long term.

Best of luck to all of you today. Trade safe and choose your entries and exits for the best risk/reward and watch your leverage. As my favorite motto goes "Pigs get slaughtered. Don't be one"

E/U H4

Today’s orderboard

Written by Pete Jackson
August 20, 2012 at 06:09 GMT

EUR/USD: Bids, 1.2320/30 and 1.2290/00, sell stops just below through 1.2285 ahead of larger bids down at 1.2240/60, (1.2242 strong Fibonacci supp), sell stops through 1.2240. Offers start 1.2380/00 (55 day MA 1.2392) buy stops above and again through 1.2450

GBP/USD: Bids 1.5675/85 and 1.5635/40 weak sell stops through 1.5635. Offers 1.5700/10 and 1.5740/5o, (tech res 100 day MA 1.5748). Strong offers above ahead of 1.5800 (barrier).

EUR/GBP: Offers 0.7865/70 and 0.7880/85. Bids 0.7835/40 and 0.7810/15, likely sell stops below.

USD/JPY: Offers 79.60/70 (exporters, also tech res 79.63 -100 day MA) more offers 79.80/00 and large buy stops above. Bids 79.40/50, sell stops down through 79.20 (200 day MA 79.22) ahead of bids 79.00/10 (55 day MA 79.08) and 78.75/85 with sell stops through 78.75

EUR/JPY: Sell stops on a break of bids at 97. 70/80 ahead of more bids 98.50/60 and 97.00/10, sell stops below. Large offers 98.40/50 and 98.90/00 possible buy stops above

AUD/JPY: Strong bids 82.70/80 stronger at 82.50/60 sell stops below and again through 82.20. Offers 83.40/50, buy stops just above ahead of more offers 83.90/00

EUR/CHF: Bids 1.2000/10(SNB), Offers 1.2025/30 buy stops up through 1.2040

AUD/USD: Bids 1.0400/10, and good tech support 1.0380/90. Offers 1.0445/55 and stronger offers start from 1.0500/10 and 1.0530/50

EUR/AUD: Offers 1.1840/50 buy stops up through 1.1856 (Jul 27 highs). Bids 1.1790/00, 1.1740/50 and 1.1690/00

NZD/USD: Strong offers 0.8130/40 buy stops above. Some tech support 0.8080/85 ahead of bids 0.8040/50, sell stops below through 0.8035 and psychological 0.8000 level

Today's Euro FX option expiries at 14:00 GMT

1.2250
1.2400
1.2450

I have not mentioned the compounding method. It should read as "Straight Line Method" as I do not believe in compounding it add extra stress in my opinion.

You can easily make 20$ with 1000$ equity is that stressfull? Only 20 $ in a trading day is good pocket money for 3rd tier country people, agreed?

I agree with the non-compounding method.
I always skim my profits after I close out positions. That way, at any given time, my account capital is hardly ever any more than the original capital.
I have been fortunate enough to have doubled my capital several times over the years so I have been working with the market's money for quite a few years now. The best method in my opinion

Best attribute in any human being is the "patience" which I am in process of inheriting, which was only a word to me before E/A and PT.

Lotsa shorts now stopped out after push above last night high spike of 1,2357.

Let's see if this morning high holds at 1,2368.

I'm in short target 1,2240 , stop 1,2368 (for now)

Closed buy, Short position added.

Not Sure it will go down that easily...it has to create double top on 15 min or any other reversal signal in order to keep on the down trend...
anyway waiting for another SL shakers in order to join the ride
great week guys...

So, I ve felt asleep for 3 hours. Market waited in still the same triangulouidwtf. Thank you Mr. Market,

T

EU and EJ Daily/H4

Lol, I never realized how great are those lyrics. I bet Mc Hammer was trader .

T