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Spider's Den

Quoting kalyan
Sorry I m little lazy. will post my POV immediately if my orders get filled. {image}
​audjpy +30.
Today our focus is on ECB meeting and EURUSD is expected to reach new lows if fundamentals are aligned with technicals. EURUSD currently stands at L3 level and in order to sell higher we need a pullback as we dont want to sell into support. EQUIDISTANT CHANNEL has been formed after a CONSOLIDATION breakout ( indicated by the blue rectangle on the chart ) and the lower border of the channel is making a good confluence with H3, DPP, 38.2 fib. The POC zone is 1.1100-1.1110 and pullbacks in the zone could be good for new intraday shorts. The target is 1.1000 then 1.0955 if the pair breaks through 1.1000.

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very nice webbinar in chanel that wase one of my favorits since a like trent lines and chanels puting more weppans to my arsenal .
i´m using stocastic works better for me then macd at the moment.
gbp jpy whaiting for retest tha previus range then down ma 100 200 just cross as well they aren´t in the chart becouse i like them clean .
5% to 10% montly on my acount gowing no pressure just trade and recive what market give tu us max 2% risk .
once more thank´s for thee help
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be calm be patient and logic
Quoting [email protected]
Today our focus is on ECB meeting and EURUSD is expected to reach new lows if fundamentals are aligned with technicals. EURUSD currently stands at L3 level and in order to sell higher we need a pullback as we dont want to sell into support. EQUIDISTANT CHANNEL has been formed after a CONSOLIDATION breakout ( indicated by the blue rectangle on the chart ) and the lower border of the channel is making a good confluence with H3, DPP, 38.2 fib. The POC zone is 1.1100-1.1110 and pullbacks in the zone could be good for new intraday shorts. The target...
+30 pip now. Trailing activated!
+55
100 pips im out.
Quoting [email protected]
100 pips im out.
Congrats. Didn't took the trade eventhough I was considering it, but the volatility was too much for me, plus it didn't provide me some nice entry so decided to let it be. Would be nice trade but I feel good about doing what I did.
I trade to win/profit.
Quoting [email protected]
100 pips im out.
Nicely done

Took the day off trading today had 5 losses yesterday so I took today off let the other 3 I had going reach their targets but other than that stayed out of the market today.... wish I had at least looked now though if I had read your post earlier and been here when it pulled back I would have entered there.... I have an order placed at 1.13 but doesn't look like we will see that level again too soon....
Hi [email protected] ​

I like your trading style very much,trade the pullback,
I have a question puzzled me for a long time，how to determine end of pullback ?

sometime the pullback is fib 38.6，sometime is fib 61.8，sometimes is fib 78.6

I have try the the pivot 2 indi,.but the situation is similar,
Whether you also have this problem，for example, in one trade，I think the pullback is fib 38.6，then you are in,but the price did not stop，it go to fib 61.8 or fib 78.6.

I want to ask how do you set up stop loss?

Sorry for my English.

thx a lot.
Quoting blueface
Hi [email protected] ​ I like your trading style very much,trade the pullback, I have a question puzzled me for a long time，how to determine end of pullback ? sometime the pullback is fib 38.6，sometime is fib 61.8，sometimes is fib 78.6 I have try the the pivot 2 indi,.but the situation is similar, Whether you also have this problem，for example, in one trade，I think the pullback is fib 38.6，then you are in,but the price did not stop，it go to fib 61.8 or fib 78.6. I want to ask how do you set up stop...
Thats a thing about trade management. Thats why we need to find good Supply/Demand zones. We need to pay attention to last swing H/L or important levels. If range is too big, then we use ATR also. But usually intraday stops are app 30-40 pips.

Quoting plukin
{quote} Congrats. Didn't took the trade eventhough I was considering it, but the volatility was too much for me, plus it didn't provide me some nice entry so decided to let it be. Would be nice trade but I feel good about doing what I did.
Exactly. If you wasnt sure about the trade then re evaluate it and re analyse it again. Volatility was high idd, that was why i paid attention to the first rejection.
Quoting TessiaFx
{quote} Nicely done Took the day off trading today had 5 losses yesterday so I took today off let the other 3 I had going reach their targets but other than that stayed out of the market today.... wish I had at least looked now though if I had read your post earlier and been here when it pulled back I would have entered there.... I have an order placed at 1.13 but doesn't look like we will see that level again too soon....
5 losses? Scalps or? 1.13, i am not seeing that soon. 1250 is the big hurdle now.
EURUSD is close to weekly support, i am waiting for NFP for further analysis of USD basket currencies. I would like to see some nice pullback now.
Hi T, do you suggest closing USD CHF long before NFP?
What a fall by aud..
Quoting margin_stop
Hi T, do you suggest closing USD CHF long before NFP?
Haha, id have prolly said yes, but ur in a good profit now
Quoting kalyan
What a fall by aud..
Look at USDJPY
Quoting [email protected]
{quote} Look at USDJPY
Yes. 119.90 is a entry point. But I felt audusd good for today. A weekly resistance at 7812 and rejection of 38.2 after flag formation gave me confidence on ths. but exited for +30 even I have 776 as my target.
EURUSD is in a strong momentum and even though it should reach 1.0850 i dont recommend catching a falling knife. EOD ( End of Day ) trading could give us another shot to short it higher but we need a loss of momentum and a retracement towards 1.0930 or 1.0950 region. 1.0930 shows a good confluence of channel bordrer + 23.6 fib and it is still 65 pip pullback so if the pair pullbacks this should be the first entry zone. Higher pullback should be limited to 1.0950 ( L4, 38.2, breaakout-retest) towards 1.0850

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Quoting [email protected]
EURUSD is in a strong momentum and even though it should reach 1.0850 i dont recommend catching a falling knife. EOD ( End of Day ) trading could give us another shot to short it higher but we need a loss of momentum and a retracement towards 1.0930 or 1.0950 region. 1.0930 shows a good confluence of channel bordrer + 23.6 fib and it is still 65 pip pullback so if the pair pullbacks this should be the first entry zone. Higher pullback should be limited to 1.0950 ( L4, 38.2, breaakout-retest) towards 1.0850 {image}
How do you see 1060 chief? Do you see any possibility to that level? May not be today definitely.
Quoting kalyan
{quote} How do you see 1060 chief? Do you see any possibility to that level? May not be today definitely.
Hmm, where did I mention 1060?
Quoting [email protected]
{quote} Hmm, where did I mention 1060?
sorry,I dint sound clear..... I m asking do you see any chance to 1060? Do u see any importance here even later this week
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