Sad day hope he will be back. Cloggie that is.

EurAnalysis

Think somebody (Redsword11 ?) calls it the empire state pattern. EDIT: Went outside my knowledge here and confused both the pattern and where i got it from. Redsword should be KenFen and here is a ref url

EurAnalysis

To me it means that we have to have a daily close over 1.425 to confirm a double bottom, Thats a long way....

EurAnalysis

Sorry I think we are talking about different things. It was just that I really didn't understand the use of the term scaling in when you had no open position. Closing a looser (when you understand you are wrong) is really the key to success.

EurAnalysis

Don't really get it Your first short is stopped out for a loss of 250$, .5% The you go short again (according to your tradeplan), but not scaling in because your first was stopped out? Then you enter again but only have 2 positions open. ...

EurAnalysis

I don't agree 5% loss on a trade is way too much I loose 1 or 0,5%. Its all in the entry. Other than that I totally agree.

EurAnalysis

Yepp my bad. At least we haven't breached it today.

EurAnalysis

This beeing a slow day I thought we could pick up the conversation on EAs. I guess you have tried "everything" and that nothing worked in the long run, but what approach did you think was the most promissing and why did it fail? I have some ...

EurAnalysis

First of all Year lowes is at 1.314x something so we are not below that. Second what do you mean by 'significant'? History is all we have.

EurAnalysis

Nice one. Had a bad day yesterday when I was off on a couple of trades. This made me trade today even if its friday. Short from where you entered but TP:ed at 1.342. Have a great weekend

EurAnalysis

And this is the difference between a good and a bad trade. Take it on confirmation and not on the first break. Hope you rode this one all the way.

EurAnalysis

Trading the gap and thus closing it is in my opinion nothing to rely on. The GAP only exists on retail feeds. The trading is never closed during the weekend for the big players (even thought the volumes are much lower).

EurAnalysis

Seem like you have had a rough week. Now go over the week in paper format over the weekend and "trade" it again. Good luck.

EurAnalysis

I think that we will get a descent bounce once we get there (propably today if noone comes up with some wonderfull news). The bounce will be because there will be shorts covered there and also because the bulls have hidden for some days now. EDIT: ...

EurAnalysis

To everyone that is buying now. Ask yourself that if you sat on a bucket load of money would you buy here or 100 PIPS lower?

EurAnalysis

You might want to hold that vouch. I'm good at talking but not very good at cleaning pools

EurAnalysis

But I guess you dont like it and try to learn from those entries.

EurAnalysis

I agree and if I could vouch for you I would.

EurAnalysis

I don't know about you all and I know its a matter of trading styles, but I don't like to be 100 PIPS under water even if its with the trend. Thats just a bad entry and something you can and should work on improving. I have had trades coming back ...

EurAnalysis

Well of course but if you keep saying to yourself that you are not wrong it you are many pips underwater then you are in fact lying to yourself and that can never be any good.

EurAnalysis