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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #67,541
  • Apr 29, 2013 2:03am Apr 29, 2013 2:03am
Quoting PipTrapper
{quote} I don't think that is a proper wave count. I am not an EW expert, but from what I do know, you cannot call it until wave 1 is breached to the downside... if it is in fact a wave 1... which I doubt. To me it looks more like it is still in consolidation. If you want an accurate current wave count, ask Luis Carlos in his Elliott Wave Outlook thread
Thanks PT
  • #67,542
  • Apr 29, 2013 2:04am Apr 29, 2013 2:04am
Quoting FX Tsunami
{quote} Oh okay. But I'm sorry for wrong values. He actually placed at 1.29916 and it got executed at 1.29906. Now, as you said he has got the right to demand. Will the broker directly adjust the entry price (I dont think that is possible ) or the broker adjusts it with the spread he gained??
Usually the broker will award a monetary compensation for the difference.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,543
  • Apr 29, 2013 2:11am Apr 29, 2013 2:11am
Quoting PipTrapper
{quote} Usually the broker will award a monetary compensation for the difference.
Well. That's cool. I'll ask him to check with the broker.
  • #67,544
  • Apr 29, 2013 5:42am Apr 29, 2013 5:42am
Is it possible to set up an alert in MT4 if our order hits TP or S/L ??
  • #67,545
  • Apr 29, 2013 5:52am Apr 29, 2013 5:52am
Quoting FX Tsunami
Is it possible to set up an alert in MT4 if our order hits TP or S/L ??
1) You have on the platform an "Alert"tab
2) You can use an EA for audio signals
Look like a girl, act like a lady, think like a man and work like a dog.
  • #67,546
  • Apr 29, 2013 5:54am Apr 29, 2013 5:54am
Quoting Simonik
{quote} 1) You have on the platform an "Alert"tab 2) You can use an EA for audio signals
I could set up only price alert from that Alert tab. But I think we can set up alert for T/P or S/L through that.

Thanks
  • #67,547
  • Apr 29, 2013 9:40am Apr 29, 2013 9:40am
Quoting FX Tsunami
{quote} I could set up only price alert from that Alert tab. But I think we can set up alert for T/P or S/L through that. Thanks
I don't think it works that way without an EA of some indicator.
The price alert is all you've got.
You should use that anyway because it gives the same result. You can even get it to message you via sms or email.

Oops sorry. It's not via sms, but via remote terminal notification if you have MT4 on an iPhone, iPad or Android device.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,548
  • Edited 10:05am Apr 29, 2013 9:51am | Edited 10:05am
Looking kind of Head and shoulder like on the M15 E/U. Anyone agree?

EDIT: Never mind, price is breaking out of that shape. Looking bullish to me now. I have much to learn XD

EDIT: And now it looks like a head and shoulders pattern (to me). I'm just leaving this alone until the market and I can make up our minds
Do what you are afraid to do -Emerson
  • #67,549
  • Apr 29, 2013 4:48pm Apr 29, 2013 4:48pm
Quoting Pip_Warrior
Looking kind of Head and shoulder like on the M15 E/U. Anyone agree? EDIT: Never mind, price is breaking out of that shape. Looking bullish to me now. I have much to learn XD EDIT: And now it looks like a head and shoulders pattern (to me). I'm just leaving this alone until the market and I can make up our minds
The market will make up its mind when Draghi once again says "We will do whatever it takes to preserve the Euro.... and believe me it will be enough"
Those who say it cannot be done should not interrupt those who are doing it
  • #67,550
  • Apr 30, 2013 12:00am Apr 30, 2013 12:00am
Quoting PipTrapper
{quote} I don't think it works that way without an EA of some indicator. The price alert is all you've got. You should use that anyway because it gives the same result. You can even get it to message you via sms or email. Oops sorry. It's not via sms, but via remote terminal notification if you have MT4 on an iPhone, iPad or Android device.
Oh.... Thanks PT. I will try to do that.

And while I was looking at the settings, I found SMTP server details to be entered. Is it the only way or is there any other alternative??

Thanks !!!
  • #67,551
  • Apr 30, 2013 10:27am Apr 30, 2013 10:27am
How is this EATREE software? It claims that you can easily create EAs without knowing MQL?
  • #67,552
  • Apr 30, 2013 4:08pm Apr 30, 2013 4:08pm
Quoting rekon67
How is this EATREE software? It claims that you can easily create EAs without knowing MQL?
Creating EAs without knowing MQL is like creating bombs without knowing about bombs. Can you trust it to not blow up in your hands?
Those who say it cannot be done should not interrupt those who are doing it
  • #67,553
  • Apr 30, 2013 4:14pm Apr 30, 2013 4:14pm
Quoting fibstalker
.... Scenario 2. If the resistance at 1.3100-05 sees participation on the short side, this could help price breaking the 1.3000 level and bring price slighly lower into the next area of support and long participation starting at the 1.2980. There price could also find the retail participation buying the test of the 20-day SMA. We could see a bounce towards new highs or at least towards the next resistance area starting at 1.3240.... The second scenario of my last review (see related video on my blog as well) took place and price never...
Attached Image (click to enlarge)
http://www.forexfactory.com/attachme...1&d=1367355901



The two scenarios going forward are (please refer to the above picture):


Scenario 1. The 1.3230 is a very important area and it could show participation on the downside. Notice that price held the 1.2990 area of support with a first target in the 1.3310 area, well above the 1.3230. If price is capable of piearcing the 1.3230 area I anticipate a continuation higher with a move into 1.3310 and a continuation to and above 1.3354. If the 1.3354 level is broken on the upside the 1.41 final swing target will be confirmed.

Scenario 2. If the 1.3230 important area holds and offer significant resistance, we could see a move lower due to the “sell in May and go away” effect, as well as, a reaction to BCE lowering interest rates to 0.5% on Thursday. In that case we price could move lower to retest the 1.2980 area (or lower).

As usual I am interested in your thoughts and ideas and you can watch the video related to the explanation of the above scenarios on my blog.

Cheers
-fibstalker
"markets traded by programs/HFT offer a significant trading edge..."
  • #67,554
  • Apr 30, 2013 8:50pm Apr 30, 2013 8:50pm
Quoting PipTrapper
{quote} Creating EAs without knowing MQL is like creating bombs without knowing about bombs. Can you trust it to not blow up in your hands?
lol ..nice example
  • #67,555
  • May 1, 2013 4:02am May 1, 2013 4:02am
What is GBP/USD outlook? It seems in a bull run? Any range or target you have?
  • #67,556
  • May 1, 2013 4:31am May 1, 2013 4:31am
Quoting rekon67
What is GBP/USD outlook? It seems in a bull run? Any range or target you have?
I went short at 1.5589 against the resistance of the 50% mark of the January high to March low.
If this doesn't work and it keeps going up, my next target is 1.5764 (61.8 fibo) where I will try and short again.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,557
  • May 1, 2013 7:57am May 1, 2013 7:57am
Quoting PipTrapper
{quote} I went short at 1.5589 against the resistance of the 50% mark of the January high to March low. If this doesn't work and it keeps going up, my next target is 1.5764 (61.8 fibo) where I will try and short again.
What's up PT, glad to see you back. I was nervous when I popped in to check on things and you were missing. I'm glad the aliens returned you to Earth.
I have multiple personalities... Bull today Bear tomorrow!
  • #67,558
  • May 1, 2013 10:21am May 1, 2013 10:21am
Quoting BullsVsBears
{quote} What's up PT, glad to see you back. I was nervous when I popped in to check on things and you were missing. I'm glad the aliens returned you to Earth.
Actually they didn't. I went to their planet and abducted a couple of them and brought them back to Earth. They are now trading my account for me and I'm raking in the big bucks. They really know what they are doing. They tell me there will not be an ECB rate cut tomorrow, but Draghi will appear open to the idea in the press conference.
Those who say it cannot be done should not interrupt those who are doing it
  • #67,559
  • May 1, 2013 10:27am May 1, 2013 10:27am
Quoting PipTrapper
Okay this is starting to look very interesting. Seeing as I fully expect the Euro to attempt another push to the upside, plus the fact that the Aussie has overextended its bullish bias once more, and because the EUR/AUD has fallen much further than I originally anticipated, I am ramping up my bullish EUR/AUD campaign

I currently have an underwater long EUR/AUD position from last month at 1.2622 and I added two more this month in the lower regions at 1.2332 and 1.2393. I also plan on scaling in more buy positions as price progresses towards my first target in the low 1.28xx region... and then hopefully on to 1.32+ {image}
Bingo!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurauddaily.png Size: 95 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #67,560
  • May 1, 2013 11:57am May 1, 2013 11:57am
Some reading for thought as we await the already known outcome in 60min...

http://www.rollingstone.com/politics...425?print=true
Those that say do not know. Those that know do not say.
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