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EurAnalysis Kindergarten 24 replies

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  • #63,081
  • Dec 12, 2012 3:04pm Dec 12, 2012 3:04pm
thanks...i thought vice versa, green EUR and red USD.

Quoting EuroTraderJD
I try to not let a columnist or analyst dictate my bias. I trade what I see. But if you had to gleam something from the article I would say it was USD bullish and EUR negative.

But I am no economist.
  • #63,082
  • Dec 12, 2012 3:06pm Dec 12, 2012 3:06pm
Quoting Ken A
Money is going back to YEN.

good call

im making a kill on LG from 78.50


will be time to close 50% position very soon here, looking at 83.50
Be hopeful in a winning position, and fearful in a losing position.
  • #63,083
  • Dec 12, 2012 3:08pm Dec 12, 2012 3:08pm
Quoting Thijs
For what it is worth I think I have won the poll :-)
Yes you did. Great call.

So, here's your pole... complete with accessories

http://images4.fanpop.com/image/phot...-2560-1493.jpg
Those who say it cannot be done should not interrupt those who are doing it
  • #63,084
  • Dec 12, 2012 3:12pm Dec 12, 2012 3:12pm
Quoting Ken A
Money is going back to YEN.
Depends who wins the elections
http://en.m.wikipedia.org/wiki/Japan...election,_2012

Better to wait till Friday
  • #63,085
  • Dec 12, 2012 3:12pm Dec 12, 2012 3:12pm
Quoting EuroTraderJD
I try to not let a columnist or analyst dictate my bias. I trade what I see. But if you had to gleam something from the article I would say it was USD bullish and EUR negative.

But I am no economist.
You still got it though coz you're absolutely right. The suggestion is bullish USD
Those who say it cannot be done should not interrupt those who are doing it
  • #63,086
  • Dec 12, 2012 3:13pm Dec 12, 2012 3:13pm
hey PT, been a few since I dropped by here


hope all is well with you and your trades.


i feel bad, i need to stop by and post here more. i just dont want to fill it up with analysis of where the price will be headed in the next 20 minutes the other threads seem more for intraday


but i will try to post a chart a few times a week here (with intraweek/month analysis)
Be hopeful in a winning position, and fearful in a losing position.
  • #63,087
  • Dec 12, 2012 3:14pm Dec 12, 2012 3:14pm
Quoting Rag2RichesFX
good call

im making a kill on LG from 78.50


will be time to close 50% position very soon here, looking at 83.50
Hey R2R. Any comments on Fed policy from your mentor?

ADD: My trades are fantastic. Long U/J and USD as a whole.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,088
  • Dec 12, 2012 3:17pm Dec 12, 2012 3:17pm
Quoting PipTrapper
Hey R2R. Any comments on Fed policy from your mentor?
no have not contacted him yet

im sure he is more bullish on gold then ever now


my personal opinion is that when Ben says rates will stay low until at least mid 2015, i think he means more like MINIMUM 2017

especially when he says they will not tighten once they see an improvement in the economy, because they do not want to immediately slip back into recession, imo this is kind of scary talk


the next 4 years are going to be one hell of a ride
Be hopeful in a winning position, and fearful in a losing position.
  • #63,089
  • Dec 12, 2012 3:19pm Dec 12, 2012 3:19pm
Quoting PipTrapper
Hey R2R. Any comments on Fed policy from your mentor?

ADD: My trades are fantastic. Long U/J and USD as a whole.
great! glad to hear it

i remember you went heavy long in the lower 77 area of UJ, still holding that full position? any idea on partial TP area? or will you wait for PA (instead of just closing near 83.80/90 with the last weekly swing high @ 84)
Be hopeful in a winning position, and fearful in a losing position.
  • #63,090
  • Dec 12, 2012 3:37pm Dec 12, 2012 3:37pm
Quoting Rag2RichesFX
good call

im making a kill on LG from 78.50


will be time to close 50% position very soon here, looking at 83.50
Congrats. Nice trade
  • #63,091
  • Dec 12, 2012 3:37pm Dec 12, 2012 3:37pm
Quoting Rag2RichesFX
great! glad to hear it

i remember you went heavy long in the lower 77 area of UJ, still holding that full position? any idea on partial TP area? or will you wait for PA (instead of just closing near 83.80/90 with the last weekly swing high @ 84)
Yep 77.16 and also scaled in at 79.39 and 79.6 with equally heavy positions. around 1400 pips total so far. May take partial if I see a lower high formation, otherwise trying to hold out till 90
Those who say it cannot be done should not interrupt those who are doing it
  • #63,092
  • Dec 12, 2012 3:42pm Dec 12, 2012 3:42pm
I've been reflecting a bit about my latest trades. I think it's always good to look back and refocus, especially when what I'm doing isn't working as well as I'd like it to.

Obviously, my idea of trying to pinpoint a reversal wasn't viable. Perhaps in other situations it will be, but that's not the point. The point is that the act of trying to call a reversal inherently requires to trade counter the latest movement, which on a small time frame is simply the current trend. In retrospect, this wasn't very smart. Also, I've come to conclude that I'm mixing up strategies and time frames, meaning, I'm sometimes trading on a lower time frame while using fundamental reasons that only work on a higher time frame. For example, shorting on the M15, H1, H4 because I've got a bearish outlook on the daily or weekly and am expecting a reversal.

I'm a short-term trader and I love day-trading, and daily and weekly charts have their place in that, but they shouldn't influence my perspective of my intra-day plan as much as I'm currently allowing. So I'm sending myself back to the drawing board. The best days I've had I was usually trading a lot and quickly, almost entirely focusing just on the action at hand. If that's my style, so be it, but I'll have to revise my strategies to match it first. Regardless, it feels good to find out how I like to trade.
  • #63,093
  • Dec 12, 2012 3:54pm Dec 12, 2012 3:54pm
Quoting Feldrin
I've been reflecting a bit about my latest trades. I think it's always good to look back and refocus, especially when what I'm doing isn't working as well as I'd like it to.

Obviously, my idea of trying to pinpoint a reversal wasn't viable. Perhaps in other situations it will be, but that's not the point. The point is that the act of trying to call a reversal inherently requires to trade counter the latest movement, which on a small time frame is simply the current trend. In retrospect, this wasn't very smart. Also, I've come to conclude...
excellent post.
Kill the ego, or it will kill the mission.
  • #63,094
  • Dec 12, 2012 4:01pm Dec 12, 2012 4:01pm
Quoting Feldrin
I've been reflecting a bit about my latest trades. I think it's always good to look back and refocus, especially when what I'm doing isn't working as well as I'd like it to.

Obviously, my idea of trying to pinpoint a reversal wasn't viable. Perhaps in other situations it will be, but that's not the point. The point is that the act of trying to call a reversal inherently requires to trade counter the latest movement, which on a small time frame is simply the current trend. In retrospect, this wasn't very smart. Also, I've come to conclude...
We need more posts like this. They bring immense value to this thread. Thank you Feldrin for your candor.
Those who say it cannot be done should not interrupt those who are doing it
  • #63,095
  • Edited 11:10pm Dec 12, 2012 4:11pm | Edited 11:10pm
Quoting Feldrin
I've been reflecting a bit about my latest trades. I think it's always good to look back and refocus, especially when what I'm doing isn't working as well as I'd like it to.

Obviously, my idea of trying to pinpoint a reversal wasn't viable. Perhaps in other situations it will be, but that's not the point. The point is that the act of trying to call a reversal inherently requires to trade counter the latest movement, which on a small time frame is simply the current trend. In retrospect, this wasn't very smart. Also, I've come to conclude...



I find it difficult to switch from TF to TF. Below 30 mins and 15 mins the candle is moving too fast either making me nervous if against the position or excited in my favor
  • #63,096
  • Dec 12, 2012 4:27pm Dec 12, 2012 4:27pm
For those of you who missed any parts of the Fed pressie or missed it altogether, brought to you by YouTube...

Inserted Video
Those who say it cannot be done should not interrupt those who are doing it
  • #63,097
  • Dec 12, 2012 4:38pm Dec 12, 2012 4:38pm
Thanks guys. I almost didn't press post because it was just about my attempts to understand and improve on my errors and not about the Euro or my current perspective of the market, so I wasn't sure whether it'd be appropriate. Back when I started trading a year ago or so, I used to barely reflect on any of my mistakes which was doubly harmful; I lost money, and I didn't learn anything. Nowadays I don't mind making some losses once in a while, as long as those losses can teach me something. And writing about it just forces me to think clearly.

And now I need a drink. I wish I still had some 16 year old Lagavullin left, but a dram of Laphroaig will have to do. I love peaty whiskies.
  • #63,098
  • Dec 12, 2012 4:46pm Dec 12, 2012 4:46pm
This will do while waiting the reaction in Asian session.


http://blogs.trb.com/features/consum...2520McCafe.jpg

  • #63,099
  • Dec 12, 2012 4:50pm Dec 12, 2012 4:50pm
Ken,
its seem sun after tornado. Maybe back hot at 3030/3050
  • #63,100
  • Dec 12, 2012 4:54pm Dec 12, 2012 4:54pm
Quoting prosiak
Ken,
its seem sun after tornado. Maybe back hot at 3030/3050
I think it's better to watch if you don't have open position because I honestly don't know how Asian session will react to the decision made by the Fed. 1.3062 is a strong support, historically.
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