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EURUSD

  • #370,021
  • Jan 21, 2011 7:14am Jan 21, 2011 7:14am
buy limit @1.3520, sl 13505, tp 1.3550
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We're all stories in the end. Just try to make it a good one.
  • #370,022
  • Jan 21, 2011 7:17am Jan 21, 2011 7:17am
Quoting T@rantula
I actually meant the profit taking for longs have already happened @ 3550, 3449 I could say directed thats why I said scale out.

Profit taking= retracement

TP=Target price

Not to be confused.
yep, scalped long with 3550 target. 1:3 rr. sl hit.

thats it for me this week.

see you on monday guys !

kindest regards
Hero calls followed by margin calls...
  • #370,023
  • Jan 21, 2011 7:20am Jan 21, 2011 7:20am
Quoting PhAnTi'
yep, scalped long with 3550 target. 1:3 rr. sl hit.

thats it for me this week.

see you on monday guys !

kindest regards

U made profit and thats good. Going with the trend. Smart. Friday is actually preparation and positioning for the next week.

PA is evasive. Market is not perfect. We dont need a single pip TP ( although I joke sometimes on my behalf) The best is usually a few, 3-5 pips below TP. Just in case.
  • #370,024
  • Edited 7:35am Jan 21, 2011 7:22am | Edited 7:35am
Price still below 50% fib , bull set up active at top , lets see if it works or range become greater or not .

Ok in plain pa also so far within same ranges .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #370,025
  • Jan 21, 2011 7:25am Jan 21, 2011 7:25am
Take a look at the trendline.
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  • #370,026
  • Jan 21, 2011 7:26am Jan 21, 2011 7:26am
Quoting T@rantula
I actually meant the profit taking for longs have already happened @ 3550, 3449 I could say directed thats why I said scale out.

Profit taking= retracement

TP=Target price

Not to be confused.

Tarantula,

A few posts back you & Cloggie were talking about the London Opening and how important that was for you both.. my question to you is what is the main aspect that I should be looking at for the London pre-opening which is around 6.30am GMT?

You guys also talk about TY Opening.. what is TY?

Thank you.
A
  • #370,027
  • Jan 21, 2011 7:26am Jan 21, 2011 7:26am
Quoting T@rantula
Selling resistance is approved. Thats how I do. There are 2 approaches- aggressive and conservative.

Aggressive is selling w/o a confirmation. Conservative is a retest or BPC pattern.

Example above is for downtrend. Same is for an uptrend where I wait for BPC entry a few pips above the peak of pullback trendline or level.
Attachment
I am very thankful to you T@rantula. Today 40 pips i have with your guide.

Best Regards to you.

VjjK
  • #370,028
  • Jan 21, 2011 7:31am Jan 21, 2011 7:31am
  •  Vilgax
  • | Joined Aug 2010 | Status: Lack of money is root of most evil | 466 Posts
short closed for +12 pips...
The forex market has its own life and takes its own time.
  • #370,029
  • Jan 21, 2011 7:35am Jan 21, 2011 7:35am
Quoting Arona
Tarantula,

A few posts back you & Cloggie were talking about the London Opening and how important that was for you both.. my question to you is what is the main aspect that I should be looking at for the London pre-opening which is around 6.30am GMT?

You guys also talk about TY Opening.. what is TY?

Thank you.
A

For intraday trading ( my strategy) it is very important. I usually make entries on Frankfurt opening thats 1 hour prior to London or 30 minutes after.

Thats where I usually spot trend consolidation and pick entries.

The biggest movement in Forex better to say, the most of the volume 35-37 % of Forex trading is made IN LONDON SESSION. Thats London when u can make a good amount of pips just in one session.

Frankie gives me good entry spots and is usually fake, but I exploit those fakes and actually profit from oit.
  • #370,030
  • Jan 21, 2011 7:35am Jan 21, 2011 7:35am
3600 guys/gals
  • #370,031
  • Jan 21, 2011 7:36am Jan 21, 2011 7:36am
Quoting T@rantula
Selling resistance is approved. Thats how I do. There are 2 approaches- aggressive and conservative.

Aggressive is selling w/o a confirmation. Conservative is a retest or BPC pattern.

Example above is for downtrend. Same is for an uptrend where I wait for BPC entry a few pips above the peak of pullback trendline or level.
Attachment
I see 3504 to be the yellow line and to go on to test 3465.which i have as the open asia
making green pips large and red pips small this is my goal.
  • #370,032
  • Jan 21, 2011 7:36am Jan 21, 2011 7:36am
Quoting vjkk
I am very thankful to you T@rantula. Today 40 pips i have with your guide.

Best Regards to you.

VjjK
Thanks.
  • #370,033
  • Jan 21, 2011 7:37am Jan 21, 2011 7:37am
Quoting paul1
I see 3504 to be the yellow line and to go on to test 3465.which i have as the open asia
Yes <3504 first 3485. Remember- technicals can be invalidated after London profit taking as there is no real market to defend it.
  • #370,034
  • Jan 21, 2011 7:37am Jan 21, 2011 7:37am
Oil started to drop 45 minutes ago shorts for now
making green pips large and red pips small this is my goal.
  • #370,035
  • Jan 21, 2011 7:42am Jan 21, 2011 7:42am
Quoting okh
Take a look at the trendline.
strange, mine has a huge gap, then.
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  • #370,036
  • Jan 21, 2011 7:48am Jan 21, 2011 7:48am
Quoting T@rantula
For intraday trading ( my strategy) it is very important. I usually make entries on Frankfurt opening thats 1 hour prior to London or 30 minutes after.

Thats where I usually spot trend consolidation and pick entries.

The biggest movement in Forex better to say, the most of the volume 35-37 % of Forex trading is made IN LONDON SESSION. Thats London when u can make a good amount of pips just in one session.

Frankie gives me good entry spots and is usually fake, but I exploit those fakes and actually profit from oit.
T@rantula, thanks for sharing all this information with us, when best to trade, how to trade in some cases and what to look for....it can only help ....especially for me, I still strugle to find the right timing for my entries and I'm almost alway late...waiting to long for confirmation and then it turn an hit my SL. But it's something I need to work on.
  • #370,037
  • Jan 21, 2011 7:50am Jan 21, 2011 7:50am
Quoting T@rantula
For intraday trading ( my strategy) it is very important. I usually make entries on Frankfurt opening thats 1 hour prior to London or 30 minutes after.

Thats where I usually spot trend consolidation and pick entries.

The biggest movement in Forex better to say, the most of the volume 35-37 % of Forex trading is made IN LONDON SESSION. Thats London when u can make a good amount of pips just in one session.

Frankie gives me good entry spots and is usually fake, but I exploit those fakes and actually profit from oit.
Ok.. understood.

Still not sure what you & Cloggie said about TY Opening.. or you meant NY Opening..

Thank you.

A
  • #370,038
  • Jan 21, 2011 7:52am Jan 21, 2011 7:52am
Quoting Traderji
buy limit @1.3520, sl 13505, tp 1.3550

closed trade @ 1.3545 +25 pips
We're all stories in the end. Just try to make it a good one.
  • #370,039
  • Jan 21, 2011 7:53am Jan 21, 2011 7:53am
Quoting Arona
Ok.. understood.

Still not sure what you & Cloggie said about TY Opening.. or you meant NY Opening..

Thank you.

A
TY is Tokio. I dont trade Tokio range. I can tell you this. After London and NY, Tokio is the strongest Asian market. Sometimes there are good pre-setups for London but ONLY if the Tokyo IS NOT TRENDING. Thats when u can exploit London breakout strategy.

I wouldnt go far with this...just a few infos for something to think about it.
  • #370,040
  • Jan 21, 2011 7:56am Jan 21, 2011 7:56am
Quoting JokerCPT
T@rantula, thanks for sharing all this information with us, when best to trade, how to trade in some cases and what to look for....it can only help ....especially for me, I still strugle to find the right timing for my entries and I'm almost alway late...waiting to long for confirmation and then it turn an hit my SL. But it's something I need to work on.
Impossible to tell straightforwardly. Try to pick good traders and look at the setups for intraday trading. Thats how u can figure it out by yourself.

Not everything works for everyone.

With every setup I make I post a chart. I intend to continue with doing that.
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