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EurAnalysis Kindergarten 24 replies

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  • #64,781
  • Jan 10, 2013 10:23pm Jan 10, 2013 10:23pm
Quoting EuroTraderJD
Not EA automated MM. Again this is beyond you Lord and Master because it doesnt fit your market mold or level of intelligence. Talk about trading & thinking inside the box.

I could pull my trading records from my broker to show a 100% win rate over time but you would dispute that. That is why you are Lord and Master . Nothing is possible unless you say its so.
to the contrary, why would i dispute an account statement?

throw it into excel and send it over via pm or something. ill gladly retract my statement and you will be the only exception i have ever even heard of.

sounds like your feelings are hurt pretty badly, i'm sorry -- it wasnt intended to be a personal attack as much as a simple observation of price and how it operates. quite frankly, its an observation of the shortcomings therein. that doesn't really change anything, though. if you can read raw price, you should never be down more than 5-10 ticks.
Any prices quoted are futures
  • #64,782
  • Jan 10, 2013 10:23pm Jan 10, 2013 10:23pm
It looks like the lack of volatility in the markets is compensated for in this thread.
  • #64,783
  • Jan 10, 2013 10:24pm Jan 10, 2013 10:24pm
Quoting redteamgo
blaa blaa blaa youre reaching pretty hard right now trying to find weakness where there is none. i will remind you that you have already reverted to personal attacks demonstrating how little substance you have in an objective critique. i surely will never ever let something go more than 10 ticks against me because i know where support and resistance is. if that level fails, why would i hold? stubborn bias? its one thing to be early on a trade on calendar spread. on the other hand, timing is the kiss of death w options and flat pricing....
I actually use an automated Expert Advisor (robot) on quite a few currency pairs along with my own manual trading and I am loving the results! Remember, there are all kinds of ways to trade and none is better than the other. Its all about personal preference.

This particular system requires a larger SL then 10 pips... Take a look at the screen shot for example of the past 12 months statistics:

I'll post another one... Between the two Expert Advisors there was a combined total of over 16,000 pips with very minimal draw down. However, this would not have been achieved using 10 pip Stop Losses...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 12 Month EA History.jpg Size: 54 KB
Click to Enlarge Name: CJ 12 Month Trade Statistics.jpg Size: 46 KB
  • #64,784
  • Jan 10, 2013 10:33pm Jan 10, 2013 10:33pm
Quoting Halifax
Hey guys, relax .

If PT was on I'm sure he would ask you to move the discussion to private messages. Please respect the thread and each other.
Ditto

You guys have both been great to read posts from. Lets not tarnish you records.

Lets talk PIPS dudes!!!
  • #64,785
  • Jan 10, 2013 10:34pm Jan 10, 2013 10:34pm
Quoting redteamgo
to the contrary, why would i dispute an account statement?

throw it into excel and send it over via pm or something. ill gladly retract my statement and you will be the only exception i have ever even heard of.

sounds like your feelings are hurt pretty badly, i'm sorry -- it wasnt intended to be a personal attack as much as an apparent observation of price and how it operates and, quite frankly, the shortcomings therein. that doesn't really change anything, though. if you can read raw price, you should never be down more than 5-10 ticks.
No problem I will get a statement tomorrow and contact you. My feelings are not hurt at all I do not take unsubstantiated attacks laying down.

Again not all of us take losses. What may work for you may not be suitable for others.
Trade smaller than rational because the market is irrational...
  • #64,786
  • Edited 11:13pm Jan 10, 2013 10:43pm | Edited 11:13pm
Quoting EuroTraderJD
No problem I will get a statement tomorrow and contact you. My feelings are not hurt at all I do not take unsubstantiated attacks laying down.

Again not all of us take losses. What may work for you may not be suitable for others.
very well. i find it pretty strange that you think 100% win is normal. I would further ask why you have sold the house, sold the car, sold the wife, sold the kids and gone all in with a 100% ratio. regarding your comment on futures vs spot. your OTC brokers are stealing from you with the market making and the lack of education is apparent. not only that, you are trading blindly. here are two examples. one is a very simple read on price from yesterday. the other is order flow w a decent gain from a week or two ago. i wish i knew i was going to be questioned and i would have screencapped my euro.

i wont explain. you claim to be a smart guy so you should immediately grasp the incredible potential from such information and realize how easy it should be to never face drawdowns for more than a handful of ticks and a superb strategy for day trading.
Any prices quoted are futures
  • #64,787
  • Jan 10, 2013 11:01pm Jan 10, 2013 11:01pm
I use a 4 tick stop trading eurfx futures. but no use in arguing with those that want to defend their trading methods. For me it is simple if trade goes against me then I am out and start looking for the next trade. from my experience this cannot be done in cash [forex] market due to constantly changing spreads

bigest fraud in forex is when all the retail forex brokers went to 5 decimal price quotes. I do look at cash prices. both markets are closely tied together. the march futures contract trades +8 to +9 to forex bid price.

so if 3200 is going to be resistance in forex then resistance in futures is going to be 3208/ 3209.
  • #64,788
  • Jan 10, 2013 11:06pm Jan 10, 2013 11:06pm
Quoting Eurfx954
I use a 4 tick stop trading eurfx futures. but no use in arguing with those that want to defend their trading methods. For me it is simple if trade goes against me then I am out and start looking for the next trade. from my experience this cannot be done in cash [forex] market due to constantly changing spreads

bigest fraud in forex is when all the retail forex brokers went to 5 decimal price quotes. I do look at cash prices. both markets are closely tied together. the march futures contract trades +8 to +9 to forex bid price.

so if 3200 is...
best second post ever. this is the post i never read when first learning to trade outrights and hits the nail on the head. OTC brokers are stealling from you. you get what you pay for with retail FX. the only decent broker imo is citiFX. everyone else has massive commissions and shitty PA. most, of course, don't really understand the implied commission ratio in the spread. i pay 50 cents in and 50 cents out per contract which, on eurfx, is equal to a 125,000 units in spot.
Any prices quoted are futures
  • #64,789
  • Jan 10, 2013 11:10pm Jan 10, 2013 11:10pm
Quoting redteamgo
and if you learn to do it right, here is an example of the toys you can buy. i dont need an EA or a piece of software to tell me what to do. all of the tools are already freely available.


Sorry I posted... Just showing that there are other ways to make money trading currencies then your way. I'll stay out of this fight as it looks like my d*c* isn't big enough... One day I wish to be as good as you Mr. RedTeamGo.

To be honest, I have lost all respect for you in just the past few hours alone. You are arrogant and you have a condescending tone when talking "down" to others.

It's one thing to be good at what you do, but if you don't show common courtesy or respect to others then it is meaningless. Just the opinion of a humble forex trader who is still learning.
  • #64,790
  • Edited 11:24pm Jan 10, 2013 11:11pm | Edited 11:24pm
Quoting 100PipsADay


Sorry I posted... Just showing that there are other ways to make money trading currencies then your way. I'll stay out of this fight as it looks like my d*c* isn't big enough... One day I wish to be as good as you Mr. RedTeamGo.

To be honest, I have lost all respect for you in just the past few hours alone. You are arrogant and you have a condescending tone when talking "down" to others.
that wasnt directed at you. i was referring to the fact that order flow tells you everything in re: to ET. not trying to diminish the success you are having with your EA in any way. i'm embarassed, sorry, it was a very poorly phrased response largely to an accusation that i dont have the ability to write custom risk excel VBA (which is completely untrue) applications by eurotrader. obviously i dont like being questioned either. ill pull them
Any prices quoted are futures
  • #64,791
  • Jan 10, 2013 11:41pm Jan 10, 2013 11:41pm
Great traders with different trading styles are in this thread. Let's have only fun and learning here
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  • #64,792
  • Edited 1:23am Jan 11, 2013 1:06am | Edited 1:23am
WTH??? I wake up to read a pile of posts that violate the rules of this thread in almost every way.

Can't say I'm impressed at all.

Please let's stop with the d**k size contests and instead focus on the context of this thread.

Thank you.

Quote
4. This thread is not a signal service or a trading school. Information and opinions are given freely by the participants for many varying reasons. If you notice that other posters are trading in a way that does not match your own trading style, or you do not agree with the information they post, it is not your place to criticize or try to "re-educate" them unless they have specifically asked you to do so. Everybody has a different style. It is fine to make suggestions to the general audience, but it is not appropriate to single out any one trading method or poster in a condescending manner. There are almost just as many personalities and language barriers in this thread as there are trading methods. As such you never know how your communication may be interpreted. Therefore, when posting anything about trading methods, only state how you do it and not how you believe others should.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,793
  • Jan 11, 2013 1:17am Jan 11, 2013 1:17am
Quoting PipTrapper
WTH??? I wake up to read a pile of posts that violate the rules of this thread in almost every way.

Can't say I'm impressed at all.

Please let's stop with the d**k size contests and instead focus on the context of this thread.

Thank you.
My apologies PT.
  • #64,794
  • Jan 11, 2013 1:24am Jan 11, 2013 1:24am
Quoting 100PipsADay
My apologies PT.
Apology accepted, but not necessary.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,795
  • Jan 11, 2013 1:30am Jan 11, 2013 1:30am
Guys may I ask what you think, could it be a Descending Triangle 15m? trying to learn all the chart patterns at present thanks in adv!
Tracking the Specialists.
  • #64,796
  • Jan 11, 2013 1:37am Jan 11, 2013 1:37am
PT,

You mind me asking what your take is on EUR/USD now? Seems as though we had a pretty bullish candle yesterday although it hasn't really made any new highs.

Being that it's Friday after such a large move is it safe to say we should see some profit taking?

Still trying to wrap my head around this last move...
  • #64,797
  • Jan 11, 2013 1:43am Jan 11, 2013 1:43am
Quoting 100PipsADay
PT,

You mind me asking what your take is on EUR/USD now? Seems as though we had a pretty bullish candle yesterday although it hasn't really made any new highs.

Being that it's Friday after such a large move is it safe to say we should see some profit taking?

Still trying to wrap my head around this last move...
In order to answer that question, one has to understand yesterday's move. To put it simply, I don't understand it at all. Draghi said he's not doing any more to help the economy and it is now up to the politicians to sort it out. Okay, I understand that implies there will be no rate cut, but I hardly see why that would be positive for the mid term outlook of the EZ economies. Whilst Draghi did say that the ECB expects the economy to start improving this year, he also said that there are still significant downside risks. Even if it is only a rate differential trade, Draghi also said that inflation is well anchored and expected to fall this year. To me that means that a rate cut is not completely off the table.

So my take from all this is that the market is very hungry for yield and they will look for any excuse to chase it... bubble or not.

For that, you can rightfully blame Benny and Co.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,798
  • Jan 11, 2013 1:46am Jan 11, 2013 1:46am
Quoting Connected
Guys may I ask what you think, could it be a Descending Triangle 15m? trying to learn all the chart patterns at present thanks in adv!
I only see a sideways consolidation pattern. More of a box trade than anything else.
Those who say it cannot be done should not interrupt those who are doing it
  • #64,799
  • Jan 11, 2013 1:46am Jan 11, 2013 1:46am
Quoting PipTrapper
In order to answer that question, one has to understand yesterday's move. To put it simply, I don't understand it at all. Draghi said he's not doing any more to help the economy and it is now up to the politicians to sort it out. Okay, I understand that implies there will be no rate cut, but I hardly see why that would be positive for the mid term outlook of the EZ economies. Whilst Draghi did say that the ECB expects the economy to start improving this year, he also said that there are still significant downside risks. Even if it is only...
Well I guess that makes two of us!

I think I'll just stick with the JPY cross pairs at the moment as even EUR/AUD and GBP/AUD are not moving quite as nice as it was most of 2012. Lot of chop...
  • #64,800
  • Jan 11, 2013 1:49am Jan 11, 2013 1:49am
Thank you PT think we may break out to the upside shortly

Quoting PipTrapper
I only see a sideways consolidation pattern. More of a box trade than anything else.
Tracking the Specialists.
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