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EURUSD

  • #752,721
  • Jan 31, 2013 10:31am Jan 31, 2013 10:31am
In @75 SL 63
Disclaimer: I'm still new to forex
  • #752,722
  • Jan 31, 2013 10:32am Jan 31, 2013 10:32am
Quoting sharovegas
I've entered at 83, at 75 just another adding. I don't calculate profit in pips but in money it's just my vision, it suits for my style.
Ok.. i think I understand now. No worries. But a tip a trader gave me, cos I was doing the same thing as you - ie counting money - is... learn NOT to. Count in pips, otherwise you get used to money figures to influence your trading decisions, whereas pips lets you become mechanical..... otherwise, could you ever handle larger stakes or lot sizes? If you consistently make 20 pips a day.... why wouldn't you load up knowing that you have a 75% or better strike rate at 20 pips as opposed to just making $100 a day? What if you made $100 in one trade... would you stop or keep going (and hence risk losing)?

Just passing on some advice - it ain't my own
A pip is only worth it if you know how much you risked to earn it
  • #752,723
  • Jan 31, 2013 10:32am Jan 31, 2013 10:32am
Quoting Schickeria
Ich meinte, daß er Recht hat, sich nicht mir Dir zu unterhalten und keine Zeit in Dich zu investieren. Ob Du ein Super D..... Trader bist, daß ist Deine bzw. seine Sache. Es geht um die Neulinge hier, die sollen verstehen was gemacht wird.
I mean he is right for not talking to you and invest any time with you. Whether you are a super trader or not, it is your / his thing. Hier is about newbies, they should understand what is being done.

  • #752,724
  • Jan 31, 2013 10:34am Jan 31, 2013 10:34am
Quoting math_GB
Pretty good mate, thanks. I was surprised to hear that you were banned. WTF...! I tought you took a day or two off. Today was a good day pips wise. It seems I can make pips only when I long the cripple. I have not made up my mind for tomorrow. Initially my plan was to short above 1.3600s but NY left this at a level which I don2t really like. I may not trade at all tomorrow. This thing went beyond my plan. We'll see...! Stop bitching this guy mate, put him on iggy and move on... Have a good one...!
Glad to know.
I've had a good day too but I longed geppy and ej.
Ej seems to just be able to go up.
I don't like trading the nfp its casino trading.
If we had reached 38xx then I would short it with confidence but I'm not sure.
Perhaps if we miss the 3600 then shorts could still be ok.
But fell bad to give any wins away
  • #752,725
  • Jan 31, 2013 10:35am Jan 31, 2013 10:35am
Quoting math_GB
When the f***k did you post this...? And how did I miss it...! Blimey...! Some guys here keep amazing me!
Thanks man haven't been on this thread much but it was from around 6 weeks ago, I'm still relatively new at this game but plugging away picking up a few new tools from these forums and keep adding them to the box!

Edit - Just noticed the vouch, thanks!!

Vlady - THanks alot. Glad to see there is someone with likeminded analysis! Thought it would be tougher to get through the 50% of that big swing, expecting a pullback. Perhaps it will touch the 50% fib or somewhere in that 1.3490-1.3515 zone. Will make a good place for resistance turned support. Good luck!
  • #752,726
  • Jan 31, 2013 10:35am Jan 31, 2013 10:35am
Quoting vlady1974
Ok.. i think I understand now. No worries. But a tip a trader gave me, cos I was doing the same thing as you - ie counting money - is... learn NOT to. Count in pips, otherwise you get used to money figures to influence your trading decisions, whereas pips lets you become mechanical..... otherwise, could you ever handle larger stakes or lot sizes? If you consistently make 20 pips a day.... why wouldn't you load up knowing that you have a 75% or better strike rate at 20 pips as opposed to just making $100 a day? What...
That is so important...!
  • #752,727
  • Jan 31, 2013 10:35am Jan 31, 2013 10:35am
EU rejected 1.36, not ready to go there yet.

Anyway look at this picture, just a screenshot from the news i get.

I BELIEVE IT IS DEPENDENT ON A RETRACE ON THE EU BACK DOWN TO 1.2XXX

BUT COULD BE A YEN-BASED ISSUE
Attached Image (click to enlarge)
Click to Enlarge Name: EJ FORECASTS.PNG Size: 20 KB
Even the worst trade can close with profit. Just give it time.
  • #752,728
  • Jan 31, 2013 10:36am Jan 31, 2013 10:36am
Quoting uksnowman
Thanks man haven't been on this thread much but it was from around 6 weeks ago, I'm still relatively new at this game but plugging away picking up a few new tools from these forums and keep adding them to the box!

Drop by any time, we need talented, real people here...!
  • #752,729
  • Jan 31, 2013 10:38am Jan 31, 2013 10:38am
Quoting math_GB
I mean he is right for not talking to you and invest any time with you. Whether you are a super trader or not, it is your / his thing. Hier is about newbies, they should understand what is being done.

Thanx Math_GB. Sorry my english is not so good. Google translator works..... or not works.

google sometimes translated incorrectly and some user feel attacked. sorry......
  • #752,730
  • Jan 31, 2013 10:38am Jan 31, 2013 10:38am
Quoting uksnowman
Thanks man haven't been on this thread much but it was from around 6 weeks ago, I'm still relatively new at this game but plugging away picking up a few new tools from these forums and keep adding them to the box!
Snowman, that was really impressive analysis for someone relatively new! Need you around. I echo Math's sentiment!
A pip is only worth it if you know how much you risked to earn it
  • #752,731
  • Jan 31, 2013 10:39am Jan 31, 2013 10:39am
Quoting math_GB
That is so important...!
BTW, congrats on the 10 vouches!
A pip is only worth it if you know how much you risked to earn it
  • #752,732
  • Jan 31, 2013 10:40am Jan 31, 2013 10:40am
Quoting Schickeria
Thanx Math_GB. Sorry my english is not so good. Google translator works..... or not works.

google sometimes translated incorrectly and some user feel attacked. sorry......
No need to aplogise mate, here is an international forum. As long as your heart is true, people will understand
  • #752,733
  • Jan 31, 2013 10:43am Jan 31, 2013 10:43am
Quoting vlady1974
BTW, congrats on the 10 vouches!

Thanks mate, I feel a little weird tough. I am a newbie, I hope new members do not have the wrong idea that I am some kind of Max Doom or attila I know about this shite half of as much I don't know about it
  • #752,734
  • Jan 31, 2013 10:50am Jan 31, 2013 10:50am
Quoting vlady1974
Snowman, that was really impressive analysis for someone relatively new! Need you around. I echo Math's sentiment!
Not that new but thanks! Still don't consider I have put enough screen time in - They say 10,000 hours is required to become proficient at something, that is a lot of candle watching Still getting to grips with analysis on the daily TF's as I want to hold my positions for longer, it is definitely helping to put the lower TF analysis in perspective.
  • #752,735
  • Jan 31, 2013 10:52am Jan 31, 2013 10:52am
Hello Everyone.

What do you think about EUR/USD will break the 136?
  • #752,736
  • Jan 31, 2013 10:55am Jan 31, 2013 10:55am
I like your work, math. Encouraging for the rest of us newbies to know there will be light at the end of the tunnel. Am thoroughly enjoying reading your analysis.
and thanks to the rest of you for your continued support and quality opinions.
  • #752,737
  • Jan 31, 2013 10:57am Jan 31, 2013 10:57am
Quoting Ken A
I will summarize it for ya:

1. Even a blind pig can find an acorn.

2. A broken clock is always right twice a day.

point of information here .... that would have to be a blind gourmet pig (ie: an "acorn-finished"pig. regular pigs don't get acorns... i checked )
  • #752,738
  • Jan 31, 2013 10:59am Jan 31, 2013 10:59am
Quoting vlady1974
Ok.. i think I understand now. No worries. But a tip a trader gave me, cos I was doing the same thing as you - ie counting money - is... learn NOT to. Count in pips, otherwise you get used to money figures to influence your trading decisions, whereas pips lets you become mechanical..... otherwise, could you ever handle larger stakes or lot sizes? If you consistently make 20 pips a day.... why wouldn't you load up knowing that you have a 75% or better strike rate at 20 pips as opposed to just making $100 a day? What if you made $100 in one trade......
Thank you, dear friend! )
  • #752,739
  • Jan 31, 2013 11:15am Jan 31, 2013 11:15am
Have an EURJPY long I placed earlier.
It's a bit more lively I'm finding than EURUSD
to boring today
rat
  • #752,740
  • Jan 31, 2013 11:30am Jan 31, 2013 11:30am
Quoting vlady1974
Ok.. i think I understand now. No worries. But a tip a trader gave me, cos I was doing the same thing as you - ie counting money - is... learn NOT to. Count in pips, otherwise you get used to money figures to influence your trading decisions, whereas pips lets you become mechanical..... otherwise, could you ever handle larger stakes or lot sizes? If you consistently make 20 pips a day.... why wouldn't you load up knowing that you have a 75% or better strike rate at 20 pips as opposed to just making $100 a day? What if you made $100 in one trade......
Good advise, but...what if 1 pip = $1(thats if you are using a minilot A/C with a lot size of 0.1). Isn't it the same thing as counting money!!!
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