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EurAnalysis Kindergarten 24 replies

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  • #69,621
  • Sep 11, 2013 4:51am Sep 11, 2013 4:51am
Quoting theDHT
{quote} ive been holding a half size short for a couple of days... was up 120 pips on the top, now around 90 cant say im convinced re the bull
agreed - a"buy the rumour, sell the news" move - or, given the continuing good news out of the UK, will the old resistance area hold to complete another 600+ up? TWT
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Trading Levels with WRBs
  • #69,622
  • Sep 11, 2013 4:53am Sep 11, 2013 4:53am
Quoting venzen
{quote} Lirbig, if PA goes below 133.00, closes and opens there in M15 and then does the same closes and reopens below the Daily Pivot, then you may have a case for targeting S1. Zoom your chart out a bit so you get an idea of the bigger picture... Also, you will benefit looking at MACD and RSI for clues. Have a look at babypips.com for help with those.
Thanks Venzen. ( Khap Khun Kap)

This is my simple set up. ( Still learning from you guy here).

I'm following most of the post here to understand EJ.

I will look for those indicators as you've suggested.

Appreciate your kind works helping newbie
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May the force with Arjun
  • #69,623
  • Sep 11, 2013 4:56am Sep 11, 2013 4:56am
Quoting venzen
{quote} hhehehe, same... try crossing the street in Ho Chi Mihn city - go on i dare ya!

Lol

I learned to do it the local way:

step out in-front of moving traffic while waving them down with your hands at knee level!!


surprisingly, it works well cuz everyone does it (and no one cares about pedestrian crossings)

it took me a couple of days to man up to the task tho!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,624
  • Sep 11, 2013 4:58am Sep 11, 2013 4:58am
Kiwi
Intra

H4:
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90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,625
  • Sep 11, 2013 5:01am Sep 11, 2013 5:01am
Quoting Islander
{quote} agreed - a"buy the rumour, sell the news" move - or, given the continuing good news out of the UK, will the old resistance area hold to complete another 600+ up? TWT {image}

this is a very interesting and critical point

I know there are a lot of cable bears out there

but from a purist view, it looks like it may have completed a valid reversal pattern and is now looking for more upside (significantly more)

the fibos relationships also seem to imply this..., still its a high risk situation until we get some visibility or a proper break
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,626
  • Sep 11, 2013 5:02am Sep 11, 2013 5:02am
Quoting Lirbig Nubee
{quote} Thanks Venzen. ( Khap Khun Kap) This is my simple set up. ( Still learning from you guy here). I'm following most of the post here to understand EJ. I will look for those indicators as you've suggested. Appreciate your kind works helping newbie {image}

you're welcome Lirbig, but remember that we can only help so much, because we are also trading, so time is precious and everyones's style is different. It is possible to say to someone "short now!" but if it goes wrong they end up losing money and you feel bad for the bad call.

You have to find a method that works for you. You're correct to put pivots on your chart. Also consider Stochastics, RSI and MACD. I would start with a slow Stochastic and study it - read on the internet and see how to use it to enter trades. Then add RSI, learn about "over-bought" and "over-sold" and "RSI divergence". Those are powerful tools and when combined with your Pivots and Trendlines - you'll start to develop your method.

If you want to understand how price moves you must study Fibonacci ratios and learn how to put them on your chart. This is the most important thing for a trader, but he or she must first learn the how to use the "tools" - the indicators that show trend momentum - learn how to interpret Stochastic, RSI and MACD and then move on to Fibonacci ratios. Practice these things in Demo.

Yin dee krab (you're welcome)
cryptocurrency everytime
  • #69,627
  • Sep 11, 2013 5:03am Sep 11, 2013 5:03am
Quoting theDHT
{quote} Adamantium... not really though, as i said, its a half size position because at the time of entry, the risk was too high for me a full size position is 0.5% risk to my portfolio in the event of a stop out... some pairs/instruments are even smaller due to high volatility (example crude oil) I will not be posting entries and exits in real time (all the time), so please trade on your own discretion! good luck
I am happy to earn 100 pips per week.

That is equivalent to 500 pips if you live in New York.

Cost of living cheap in Vhun Tau ( Vietnam). Stress free & fresher food.

Tell me when you're moving, we ( the village folks) will prepare a farm house for you with an acre land facing rice fields with fresh goat and cow milk for you to do your own milking everyday..............

Sound like a plan.....lol
May the force with Arjun
  • #69,628
  • Edited 5:21am Sep 11, 2013 5:10am | Edited 5:21am
theDHT

Hybrid RTS

09.11.13
European Mid Morning
Position Summary
(entry, stop, target)

Longs:
NZD/USD: 7894, 8017, 8363
AUD/USD: 91662, 92518, 95449
GBP/USD: 56824, 56931, 59489
USD/JPY: 99.627, 99.902, 101.6
NZD/CHF: 7497, 7492, 7986
CAD/CHF: 9011, 9001, 9272

Shots:
GOLD: 1382.92, 1377.41, 1316
USD/CAD: 0372, 0378, 0156
USD/SGD: 2678, 2714, 2644
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,629
  • Sep 11, 2013 5:12am Sep 11, 2013 5:12am
Quoting Lirbig Nubee
{quote} I am happy to earn 100 pips per week. That is equivalent to 500 pips if you live in New York. Cost of living cheap in Vhun Tau ( Vietnam). Stress free & fresher food. Tell me when you're moving, we ( the village folks) will prepare a farm house for you with an acre land facing rice fields with fresh goat and cow milk for you to do your own milking everyday.............. Sound like a plan.....lol

the mrs (actually shes my girlfriend) travels to Hanoi (in addition to Bangkok and Jakarta) 5-6 times a year for business (she works with Asian Central Banks)

I may join her on one of these trips and come say hi
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,630
  • Sep 11, 2013 5:14am Sep 11, 2013 5:14am
Quoting theDHT
{quote} Lol I learned to do it the local way: step out in-front of moving traffic while waving them down with your hands at knee level!! surprisingly, it works well cuz everyone does it (and no one cares about pedestrian crossings) it took me a couple of days to man up to the task tho!

exactly, you gain a strengthening of the nuts that can only be gotten by stepping (with a pounding heart) into that stream of scooters and miraculously emerging alive on the other side!

baptism of moto-cy!
cryptocurrency everytime
  • #69,631
  • Sep 11, 2013 5:15am Sep 11, 2013 5:15am
Quoting theDHT
{quote} the mrs (actually shes my girlfriend) travels to Hanoi (in addition to Bangkok and Jakarta) 5-6 times a year for business (she works with Asian Central Banks) I may join her on one of these trips and come say hi
you're welcome DHT

I'm in Southern Thailand on the Andaman coast close to PhiPhi Island - let me know when the possibility comes up and we arrange from there
cryptocurrency everytime
  • #69,632
  • Sep 11, 2013 5:16am Sep 11, 2013 5:16am
Quoting venzen
{quote} exactly, you gain a strengthening of the nuts that can only be gotten by stepping (with a pounding heart) into that stream of scooters and miraculously emerging alive on the other side! baptism of moto-cy!

honestly it was a little embarrassing the first time, cuz a 4 year old was my crossing guard!

90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,633
  • Sep 11, 2013 5:19am Sep 11, 2013 5:19am
Quoting venzen
{quote} you're welcome DHT I'm in Southern Thailand on the Andaman coast close to PhiPhi Island - let me know when the possibility comes up and we arrange from there
will prolly go again over Xmas

thinkin about Macau, Slingapore, and Koh Samui this year over Xmas
(last year was HCMC followed by Phuket including phiphi, followed by Maldives over a 3 week Xmas break)
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,634
  • Sep 11, 2013 5:21am Sep 11, 2013 5:21am
Quoting theDHT
{quote} the mrs (actually shes my girlfriend) travels to Hanoi (in addition to Bangkok and Jakarta) 5-6 times a year for business (she works with Asian Central Banks) I may join her on one of these trips and come say hi
Sure will glad to meet you. We get together and meet Venzen in Ko Samui,........ no trading but just sun enjoy the beach.
May the force with Arjun
  • #69,635
  • Sep 11, 2013 5:25am Sep 11, 2013 5:25am
Quoting venzen
{quote} you're welcome DHT I'm in Southern Thailand on the Andaman coast close to PhiPhi Island - let me know when the possibility comes up and we arrange from there

Im super jealous btw

I would kill to live in southeast asia

life is simpler, people are awesome, the beach is right there, the food is superb... and (for the capitalist in me) cost of living including taxes, is a fraction of what im currently paying...

but i love my time zone, i can work from Asian closing (1 hour before japan closes) to ny closing...
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,636
  • Sep 11, 2013 5:28am Sep 11, 2013 5:28am
Quoting theDHT
{quote} will prolly go again over Xmas thinkin about Macau, Slingapore, and Koh Samui this year over Xmas (last year was HCMC followed by Phuket including phiphi, followed by Maldives over a 3 week Xmas break)

i hear good things about Koh Samui. I'm building a house in the deep south of Thailand since all the tourist spots have now become passe for me... I like to be in the rice and palm groves with the slow easy (sabai) of daily farming life. The south (despite the Malaysian/Thai territorial dispute which is a hangover from colonial days) is really easy-going and rural with good country people and the tastiest food (and ladies - i caught me a "Dah Ling" from there ) in all of Asia!
cryptocurrency everytime
  • #69,637
  • Sep 11, 2013 5:35am Sep 11, 2013 5:35am
Quoting venzen
{quote} i hear good things about Koh Samui. I'm building a house in the deep south of Thailand since all the tourist spots have now become passe for me... I like to be in the rice and palm groves with the slow easy (sabai) of daily farming life. The south (despite the Malaysian/Thai territorial dispute which is a hangover from colonial days) is really easy-going and rural with good country people and the tastiest food (and ladies - i caught me a "Dah Ling" from there ) in all of Asia!

i need to work on convincing the mrs to give up this city life and move to the hills with me...

... hasnt worked so far sadly... shes a city kinda gal
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,638
  • Sep 11, 2013 5:37am Sep 11, 2013 5:37am
Quoting theDHT
{quote} Im super jealous btw I would kill to live in southeast asia life is simpler, people are awesome, the beach is right there, the food is superb... and (for the capitalist in me) cost of living including taxes, is a fraction of what im currently paying... but i love my time zone, i can work from Asian closing (1 hour before japan closes) to ny closing...

you can live here if you want, DHT. The main consideration is family that become suddenly distant but the internet and telecoms are good.

I initially came to Thailand on an unresolved family matter... enjoyed the country and went back to Johannesburg. Now Joburg is a goldtown gone Boom! and it has a crazy energy and I like that city, but one winter's morning i was sitting at my tradestation, freezing hands and heating turned full... i thought: "I'd rather be doing this in Thailand" and6 weeks later i'd relocated. Evrything costs half - even though i stay in a resort.

Like you, I've always liked Asia - the people are very similar to us Africans but without the underdevelopment and subsequent broken economies and crushing poverty and everything that goes with that. Buddhism as a national religion, combined with centuries of benevolent monarchy has made Thailand a relatively comfortable place and everything is just so abundant! I can't remember the last time I paid for coconut, fruit or vegetables... my wife and I just pick them from the trees around the bungalow - and were in a resort!
cryptocurrency everytime
  • #69,639
  • Sep 11, 2013 5:52am Sep 11, 2013 5:52am
Quoting venzen
{quote} you can live here if you want, DHT. The main consideration is family that become suddenly distant but the internet and telecoms are good. I initially came to Thailand on an unresolved family matter... enjoyed the country and went back to Johannesburg. Now Joburg is a goldtown gone Boom! and it has a crazy energy and I like that city, but one winter's morning i was sitting at my tradestation, freezing hands and heating turned full... i thought: "I'd rather be doing this in Thailand" and6 weeks later i'd relocated. Evrything costs half -...

sounds awesome!

btw, i love Joburg (and capetown), was there for the 2010 WC, you guys did your country proud!
90% of people, are wrong about 90% of everything, 90% of the time...
  • #69,640
  • Sep 11, 2013 5:54am Sep 11, 2013 5:54am
Quoting theDHT
{quote} sounds awesome! btw, i love Joburg (and capetown), was there for the 2010 WC, you guys did your country proud!

glad you got to see South Africa! The WC was a real buzz, we enjoyed that so much. Joburg cold eh?
cryptocurrency everytime
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