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EurAnalysis Kindergarten 24 replies

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  • #65,741
  • Feb 8, 2013 7:26am Feb 8, 2013 7:26am
Quoting rekon67
Hi JD, how r ya? What is your pyramid system says?
Hey Rekon thanks for asking. The system is working great.

Due to the strong MM I am a player both long and short (shorts from1.21 up through the range) just like a bankster. I have several small longs (remember E has been near the top) and am increasing buy sizes.

Generally I like to scalp but if my hand is caught in the Euro jar MM saves me till the market takes out the positions

If you are not riding the shark you are shark food.
Trade smaller than rational because the market is irrational...
  • #65,742
  • Feb 8, 2013 7:28am Feb 8, 2013 7:28am
Parco,
I cannot promote my blog on FF.
But if you look on the net with my nickname you should find something

Cheers
G.


Quoting parco
Buongiorno signore, excuse me,
where can I find the video you're talking about? :nerd:
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,743
  • Feb 8, 2013 7:32am Feb 8, 2013 7:32am
Quoting ingmarforex
Feb will grind down to sideways italian elections come up rest is irrelevant probaaly bottom out around 1,3250 for initial new longs till 1.40 whe will take out the highs 1 more time i think then after the german election coming end 2nd quarter or 3rd quarter date isnt set yet europe problems will comeback also i expect the stockmarket to top out around then. political driven rest irrelevant imo

http://www.youtube.com/watch?v=TEms-Za-S4s
1.3150 i meaned
  • #65,744
  • Feb 8, 2013 7:36am Feb 8, 2013 7:36am
Quoting parco
Buongiorno signore, excuse me,
where can I find the video you're talking about? :nerd:
http://elitefive.wordpress.com/2013/...lish-language/
Those who say it cannot be done should not interrupt those who are doing it
  • #65,745
  • Feb 8, 2013 8:01am Feb 8, 2013 8:01am
Thanks Pip, I was very cautious seen the recent suspension.

Thanks for that.

Cheers
G.


Quoting PipTrapper
[link here...]
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,746
  • Feb 8, 2013 8:06am Feb 8, 2013 8:06am
Quoting EuroTraderJD
Hey Rekon thanks for asking. The system is working great.

Due to the strong MM I am a player both long and short (shorts from1.21 up through the range) just like a bankster. I have several small longs (remember E has been near the top) and am increasing buy sizes.

Generally I like to scalp but if my hand is caught in the Euro jar MM saves me till the market takes out the positions

If you are not riding the shark you are shark food.
Sorry I was away for couple of hours so late reply. Do you get positive interest from your broker for holding long / short positions?

* How many lots you keep open? (kindly answer in %)
* How do you take profit by closing positions and keep the payout running?
* What do you think reasonable profit taking (%) on continuous basis based on your equity?
* Do you want to keep your free margin level continuous up in positive or you utilize it upto a certain level, in case of additional free margin do you want to utilize it by opening new position(s)?

  • #65,747
  • Feb 8, 2013 8:09am Feb 8, 2013 8:09am
Quoting fibstalker
Thanks Pip, I was very cautious seen the recent suspension.

Thanks for that.

Cheers
G.
If I get suspended, you owe me a limousine tour of Sora and surrounding area
Those who say it cannot be done should not interrupt those who are doing it
  • #65,748
  • Feb 8, 2013 8:12am Feb 8, 2013 8:12am
Are you sure you want to get suspended just for that? LOL


Quoting PipTrapper
If I get suspended, you owe me a limousine tour of Sora and surrounding area
"markets traded by programs/HFT offer a significant trading edge..."
  • #65,749
  • Feb 8, 2013 8:16am Feb 8, 2013 8:16am
Quoting fibstalker
Are you sure you want to get suspended just for that? LOL
I won't get suspended. I'm a good boy
Those who say it cannot be done should not interrupt those who are doing it
  • #65,750
  • Feb 8, 2013 8:19am Feb 8, 2013 8:19am
Quoting rekon67
Hi JD, how r ya? What is your pyramid system says?
Remember the Pryamid system is only for MM. My entries are based on a combination indos, HSR, and fundos.

Since I have started using my proprietary MM software I have not blown up an account in 16 months. Before that it was every few months while I was developing the program. From that I learned MM is KEY KEY KEY!

Overall since 10/2011 I have had 10 losses and over 1000+ wins. (discloser my type of trading does not use SL which I got ridiculed for by more than 1 trader who shall remain nameless and one of them is no longer a part of this forum)

I am coming up on the anniversary of my last loss on 2/14/2012 that occurred a hotel room with Hot Mama. This was due to my laptop touch pad executing a close order before I was ready while I was being tempted to be elsewhere in the room (no I am not addicted to FX) . Needless to say I now use a mouse and take care of other things beforehand.

My thought on the way to produce excellence is:

1. Expect and demand it of yourself.

2. Have some skin in the game and feel the pain. Nothing like the thrill of victory (WINNING) and the agony of defeat (Margin Call) to get your mind going. If you are truly dedicated to success you will never never quit improving yourself.

Some observations IMHO WITH NO DISRESPECT TO ANYONE ANYWHERE. Now this is coming from a natural born fool in the USA. I am no expert but I am a thinker. I have no market credentials but have common sense with a wining track record.

From analysts to bloggers to traders who post their positions that I found are no better than me most of the time than predicting where the price might go. Without inside information I might as well forecast the weather and at least get paid for being wrong.

For me I have learned to watch the PA with a eye on techs and a mind on the fundos. MM is KEY above all.

Respectfully submitted - Your humble FX comrade.
Trade smaller than rational because the market is irrational...
  • #65,751
  • Feb 8, 2013 8:23am Feb 8, 2013 8:23am
Reckon I am preparing an answer to your questions now. Give me a few min.
Trade smaller than rational because the market is irrational...
  • #65,752
  • Feb 8, 2013 8:29am Feb 8, 2013 8:29am
Quoting EuroTraderJD
Remember the Pryamid system is only for MM. My entries are based on a combination indos, HSR, and fundos.

Since I have started using my proprietary MM software I have not blown up an account in 16 months. Before that it was every few months while I was developing the program. From that I learned MM is KEY KEY KEY!

Overall since 10/2011 I have had 10 losses and over 1000+ wins. (discloser my type of trading does not use SL which I got ridiculed for by more than 1 trader who shall remain nameless and one of them is no longer a part of this forum)...
  • #65,753
  • Feb 8, 2013 8:30am Feb 8, 2013 8:30am
Quoting EuroTraderJD
Reckon I am preparing an answer to your questions now. Give me a few min.
  • #65,754
  • Feb 8, 2013 8:46am Feb 8, 2013 8:46am
E/U kicking.
  • #65,755
  • Feb 8, 2013 8:48am Feb 8, 2013 8:48am
Quoting rekon67
Sorry I was away for couple of hours so late reply. Do you get positive interest from your broker for holding long / short positions?
No my 25 underwater shorts have been costing me a little everyday. I am not worried I more than make up for it with winning trades.

Quoting rekon67
* How many lots you keep open? (kindly answer in %)
I dont use lots since OANDA uses units.

Currently I have 2053 Long units over 3 pos from 1.367ish (pyramided) Damn Draghi!

Short 172736 units over 25 positions (pyramided) from 1.21 ish Good Draghi!

Quoting rekon67
* How do you take profit by closing positions and keep the payout running?
When the indos say get out I get out since I am a scalper. Since the sizes are pyramid formation Larger shorts at the top of the price range while small longs and the reverse of that at the lower end of the price range. The software tells me how much and where (to avoid a price plop that is independent of my entries). If the indos say get in and the price plop range says "too close to other open underwater positions" I pass.

Please remember my MM is the good King over evil greed.

Quoting rekon67
* What do you think reasonable profit taking (%) on continuous basis based on your equity?
My average is anywhere from 0% a day (I dont have to trade everyday just for the sake of trading) to 0.5%. Usually its 0.1% to 0.5% a day. Again I must stress I prefer a "Walk to wealth rather than a race to riches (ruin)"


Quoting rekon67
* Do you want to keep your free margin level continuous up in positive or you utilize it upto a certain level, in case of additional free margin do you want to utilize it by opening new position(s)?

I am a scalper so I like to get in and get out to hopefully hit the same range again milking it like a big titty with a big open mouth...LOL I saw the stats on making money and those who can execute quickly over and over have a much higher return over the long haul vs. hold em a long time.

Now I would consider adding to a wining trade on a day like yesterday BUT BUT BUT it must be outside of the price plop range (too much position at a certain price level). Its a "long roll day" (from George Smith) rather than a range day.

I consider being in the market like a snake, lion, or hand grenade with the pin pulled. It is wild and unpredictable. What some traders dont get is time of exposure. Since the market is volatile the longer you are in increases the odds it may move against you at some point. That is another reason why I like the short TFs (Look at the 1D, 4H, 1H to get market direction). Use the 30 min for current direction. Time off of the 10 min SLOW & RSI with respect to BB and execute on the 1 min.

Also consider the 18 MA on the 10 min. If its above then consider buying. If below then consider selling. I get out when the price X's the 18 or use a 1M finger trap if I am trading against the trend. Those are sin trades where I trade small enough (pyramided) to satisfy the smaller prospects of profit.

I hope this wasnt too confusing. We all know FX is the easiest, hardest money you will ever make.

What a way to LIVE!
Trade smaller than rational because the market is irrational...
  • #65,756
  • Feb 8, 2013 8:58am Feb 8, 2013 8:58am
Quoting EuroTraderJD
No my 25 underwater shorts have been costing me a little everyday. I am not worried I more than make up for it with winning trades.



I dont use lots since OANDA uses units.

Currently I have 2053 Long units over 3 pos from 1.367ish (pyramided) Damn Draghi!

Short 172736 units over 25 positions (pyramided) from 1.21 ish Good Draghi!



When the indos say get out I get out since I am a scalper. Since the sizes are pyramid formation Larger shorts at the top of the price range while small longs and the reverse of that at the lower end of...
an excellent read. Thank you
  • #65,757
  • Feb 8, 2013 8:58am Feb 8, 2013 8:58am
One thing I forgot to mention is a built in circuit breaker. If my draw down exceeds a certain percentage of my equity then I quit trading in the long or short account.

I have to stress I would rather live to trade another day with a larger account rather than add to positions where obviously I have gotten caught with my hand in the Euro cookie jar too many times.

Even the best of entry systems fail often or we would all be rich hence MM is KEY. One too many times dippin may be the last time.

Since my software is DDE linked to MT4 prices its in real time so position sizing is based on the price of E, account size, and where my last open position is and at what size.
Trade smaller than rational because the market is irrational...
  • #65,758
  • Feb 8, 2013 9:02am Feb 8, 2013 9:02am
I have said I am working on creating a web based version of this program developed in .NET. I work on it when I dont have other database, software, Internet projects to work on.

When I am done I will let the forum know just in case anyone is interested.

BTW thank you Reckon for the compliment. I always read your posts and are one of the ones here who are not full of S**T
Trade smaller than rational because the market is irrational...
  • #65,759
  • Feb 8, 2013 9:06am Feb 8, 2013 9:06am
S&P and Dow soaring, EU languishing ... don't they usually move in tandem ...any ideas anyone?
The spoken word is your master, the unspoken word your slave.
  • #65,760
  • Feb 8, 2013 9:17am Feb 8, 2013 9:17am
Quoting CommercialB
S&P and Dow soaring, EU languishing ... don't they usually move in tandem ...any ideas anyone?
I think E is struggling due to the recent Draghi Call and not Put.

From hearing between the words (like reading between the lines) he is aware of the higher price of E and its implications for Euroland recovery.

He has to walk a fine line ole Super Mario and his words have market meaning (is that why he is Super?).

Enough confidence to keep bond yield lower and not too much to kill the economies which IMHO is a lagging situation being bigger and more important.

The money is just flowing into US equities while the Dollar and PMs are holding their own. Damn yield chasers.
Trade smaller than rational because the market is irrational...
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