Spider's Den

Hi T and BW,

I was in EU tread a while ago but left due to too much chatting and noise over there. I read some of your posts, and they are real good.

Thanks for starting this new tread. I am fairly new and I trade intraweek.

Welcome.

We will always post reasoning for our entries.

Dear fellow traders..

Please if u have any question regarding TA and a personal question for me or BW or anyone else > RJ, Munal, Navin and all senior traders feel free to PM.

Dont clog the thread with post like this : We dont want this to be another EU thread. Clear Concise entries and stops with LOGIC behind those posts.

I will kindly answer any PM u send me, but pls dont post similar above mentioned questions.

Thanx

T

I will answer in PM.

We need to keep this thread professional.

Dear fellow traders and newbies.

Again...any question non related to trades we post here should be answered in PM.

I intend to make this as most professional thread on ALL Forex Factory. All posts should be before the fact or at least 3-4 mins after the trade has been opened as for to let some time to manage the post.

ENTRY

STOP LOSS

TARGET PRICE

And REASON behind the posts. I dont want this thread to turn into another EU thread. No noise here. Just trades.

We are professionals and we want to help others make the profits also.

T

Thanx ... and fully in line with our views ...

One of our real rare ones amongst us here - reliable, serious and authentic, true trader ...

Hope this place will keep that way ... clean from bigmouthed farting pumpkins ...


http://www.forexfactory.com/attachme...3&d=1310558772



;-|

Hi Guys,

The Are two Charts and posts Prior to time that Defined the trend
The first is a long from 1.3840
The seconed is a long from 1.4044

Both Trades have worked on a very minimal Stoploss...

Did we get it right yes why because of all the rules stated on the forum
These forums are not for bragging and saying i made 300 pips and 400 pips after the event they are about calling the shots before any given momment in time..

I am very happy with the trading this week so far and me and tarantuala
are going to carry on in the similar way till we find that we have achieved our goal...

One main thing I have learnt in trading is DO NOT FOLLOW Trade calls blindly we all get it wrong...I had a trader that used to work for me who is a prolific trader but he could call trades but never make them...

We want to make money together everyone is a newbie in this proffesion its all about the amount for screen time given to the trades...

Take care

Black Widow

thank u for the vouch bro!!..coming for u means a lot
i simplied the chart so its easier on the eyes..lol

thanks again pal

The BrickWall Stratergy is based on 15 1 hour candles...
In the last 4 weeks this has become more and more relevant to the type of trading volatility we have seen and There has been several occasions where this has worked perfectly...small stop massive profits...

I will try and post charts but the basis of this theory is very simple
If you 14-15 one hour candles at the same level short or go long on the market how simple can it be the problem lies in entry Patience...
the Process of accumalation and distribution is the proper technical term but will explain this in my ongoing posts

You have to wait for the 14th candle to take entry..Will try and post some charts later...

So You can see exactly what I mean

I will post a total of 8 Stratergies on here which will help all traders in a very very big way and hopefully you can profit from them in time

Regards Black Widow

Speculate to accumulate on Forex but watch those patterns.
Forex Trading Profits From Calendar Patterns by: John Forman
Most traders have heard of seasonal patterns, something which is mostly associated with commodities. The foreign exchange market also has calendar patterns which influence trading, and just like in commodities, traders can take advantage of them
to improve their odds for success and profits.

Monthly Patterns

Nearly all currency pairs have one or more months during which they have a directional tendency. There are three pairs in particular which have traded in the same direction during a particular month at least seven years in a row. AUD/JPY has risen in January, while USD/CAD has fallen in June and USD/JPY has dropped in August. In each case, the moves have been significant. Let’s take a look at USD/JPY as an example.

On average, USD/JPY has declined over 325 points each year since 1999 in the month of August, which translates to 2.80%. While the percentage does not seem extraordinary, when one takes leverage in to consideration, it is a different story. Had one shorted 100,000 USD/JPY at the start of each August and closed that position out at the end of the month, the total profit would have been in excess of $20,000 (not taking in to account interest carry). That is an outstanding return considering the margin requirement for a position like that is only $2,000. And this does not even consider compounding!

Weekday Patterns

For the short-term trader, there are also patterns of behavior which are based on weekdays. It is a little more complicated, however, than just saying buy or sell on Monday, for example. A secondary condition must be applied, which can be accomplished using the month. The result is patterns which take place on certain weekdays during a given month.

An example of this kind of pattern is GBP/USD on Mondays in December. The pound has risen 73% of the time on Monday during the last month of the year since 1999 (31 observations). The average move has been 40 pips. Assuming a 5 pip spread, a trader who entered traded this pattern over the last seven years would have booked over 1000 pips in profits, which translates to more than $10,000 if one took positions of 100,000 GBP/USD each time.

Trading the Patterns

The examples outlined above are just a couple of the patterns which can be found in the Forex market. There are many worth incorporating in to one’s trading. Obviously, one strategy which could be employed is a simple enter-and-hold based on the pattern for a given month or weekday. That, however, does leave one open to the both in-trade draw downs, some of which can be substantial, and the simple fact that patterns do not always repeat every time, and sometimes change.

An alternative to enter-and-hold is to use calendar patterns to bias one’s trading. For example, a day trader could look for opportunities to buy in to weakness in GBP/USD on Mondays in December. Similarly, a swing trader could use short-term breakdowns to enter in to short trades in USD/JPY during August.

The trader looking to employ Forex calendar patterns must utilize the same good risk procedures as are always necessary. This applies regardless of the strategy employed.

There is, of course, no such thing as a 'certainty' in speculation of any sort. Never gamble what you cannot afford to lose and take professional advice or abstain if in doubt.

I have been personally trading John Formans Stratergies for 8 Years in long term trades..
Will explain these to you when they arise..
PS I had a team of guys that have done an actual report for these stratergies and studied daily charts over 5 years so the credit goes to them for actually backtesting..

Regards
BlackWidow

Very Common Questions :
1. Why Me ?
2.Why does it always go in the other direction when I trade ?
3. Why do I let my losses run so high and let my Profits run too low ?
4. Why does it always hit my stop loss and turn around?
5. Why does my Trade always go in loss as soon as I enter my position
6. Why does trading feel like a burden ?
7. Am I just really unlucky ?
8. God Hates me ?
9. Is it my Karma....What have I done to deserve this.
10.How I am going to recover ?

All these questions have an answer in short the answer is Strategy Plan and Action
A lot of People forget that Trading is not like a trip to the casino where you win you loose and you have pint and go to sleep..NO WAY....

You have to Plan all you trades well in advance
You have to understand and question all you entries.
You have to understand the fundamentals for the week
You have to understand the Market Psychology for the week
You have to understand your targets for the week

Most Important understand that you loved ones need you too for the week. In Trading we spend so much time that we forget about the most important things in our life..One thing is inevitable and that is death.If you are 30 you only have another 30 years of your life left to really enjoy it if you can and remember time never comes back once its gone its gone...

So always ensure that you plan all you trading on the Sunday so you now how you can organise your spare time for you family.....

I hope this tip helps you ..
Regards
Black Widow

I Hope all of you had a lovely Trading day.

I sincearly hope all of you make it in the forex industry.
We shall see you tommorow morning.

Once again thank you all the members that have abided by the rules and put in the hardwork to makes this thread a great success.

Regards
Black Widow

Nice, you opened your own thread.

Just a quick congrats and good luck here and in your trading.

sisse

Okay Guys had some alarms going off so had a look seems like we have a 15 min bull channel in play and for tonight we should be capped around 1.4250 ish....Reason are given in the chart..

Regards
Black Widow

Keep up the good work guys!

Subscribed

Good morning fellow traders!

Asian Session ahead ...


Upside capped soon ...

Sell the rallies at first ...

Maybe over and done between 1.4249 - 1.4269 ...

Retrace towards 1.4136 expected ...

Near term stops above 1.4277 or 1.4303 zone ... depends on your trading style ... I do not like tight stops for example ...

Major stop at 1.4403 ... 1.4403 is a stop on daily closing basis ... for position trades ...

Description : We are in a corrective upmove in a prevailing major downtrend on weekly basis ...



;-|

Thanx and welcome aboard mates!

RSI analysis by Tarantula:

EU confirmed trend change> range shift. White borders are bearish, Blue is bull.

Again I state that RSI IS NOT OB/OS indicator...Look 20>60 and 40>80 shift where we have upchannel in RSI.

EU switched back to OLD channel targeting 4385 where TY might give us a retest of 4285

Everything is on the chart. Plain and simple.

4281 HIGH until this moment.

See u tommorow