Spider's Den

Yes mate and a possible W 1 2 3 bullish pattern.

Well spotted.

1. They dont have a system or they dont believe in their own system.
2. Bad MM
3. Psychology- FEAR

When u trade u know that only 5-8 times out of 10 u will get a WIN. Those percentages are very consistent if ur psychology doesnt involve when u score a loss.

What does fear make u do? Fear makes u not getting into a trade when u should and vice versa and make ur trade u get out of too early.
Fear makes u do all sort of uncommon things.

When you had 3 losers in a row, u will probably change ur system that gave u earlier 6 wins or more in a row...Dont do that. Belive in ur system and urself.

If u have a good robust system which is simple with s/r lines, BB and couple of MAs u will surely win. A bad one is a cluttered one with 2 many infos.

Trust in a law of probabilities. If u lose ur ACCOUNT that is probably why u were overleveraged and u took premature exits when trades were profitable, nothing more. If u had traded without s/l ur account would have been completely ruined so far.

Believe in yourself.
Believe in your system.
Proper MM can beat the market.
Dont overleverage.
Dont overtrade.
Respect trading hours ( I posted this earlier).
Bad trade is not always a bad decision. Bad trade is just a losing trade nothing more.
Never ever do REVENGE trades, that will kill ur account.
ALWAYS use a stop loss.

Hi,

One have to consider that all todays move up is due EURCHF rally. EURUSD is up on lowest volume in long time ( checked on 3 differnent brokers). All SL were above 1.4280, 1.4350 and 1.4444 and all were triggered today on low volume.

Another hint: take a look at oil price: on this level we shuld be much lower in price of EURUSD.

And last one: more S&P500 and DOW selling is comming.Why? They have not finished yet: is not done until it is done.

This is so called bullsh!t move to catch stops.

Tomorrow fundies might provide more reasons for selling if Merkel/Sarkozy will not deliver.


Well, what the hell do I know anyway....

Seb

Hello everyone.

I'll try a repeat of last week and short gold on rollover expecting another Asian share markets rally today.
My first trade for this week btw.

Sell: 1765.88
SL: 1769.50
TP: 1749.00

Probably...........Bull FLAG..........

And the easy pips.........

Today we could see a dip down to 4350-40 if 4438 remains firm.

We are going to retrace all yesterday's move up, test 1.4280.
With a help of negative Merkel/Sarkozy meeting output and resuming of EURCHF sell off we gonna dip more by the end of day.

Fundamentals are far more important than TA.
What the hell do I know anyway...

Seb

German GDP only 0.1%, big slowdown and a nice initial drop in EUR/CHF, almost 100 pips in half an hour.

Shorted some after retrace at 1.12207
SL 1.1238
Looking for 30-40 pips.

Covering with Aussie long.

August is a bit tricky, today we have a major news. Technicals say down, yet be careful.

Ill be shorting on rallies below 4420-38

Today target is 4300 unless news spoil it.

Tricky indeed, neither of mine worked out well. Staying aside for now

E:4397
S:4422
TP:4300 ( open)

Intraday trade, meanwhile ill be looking for scalps

Blue are 10-15 pips price magnets for scalping long

red is crucial.

AUDUSD

At a glance some interesting pairs in a three hours chart view ...

Strategies are easy to read ... with our own auto-preset system ...

Moreover ... our EURO strategicals as shown in TABLE ...



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4400 is holding so far but those bad news out of Europe make me think we might see some stop hunting on the fake upside, maybe 4412 4437 or even higher, then down properly?

We could see 4437 indeed if the stops close to 4365 remain untouched.

Yes ... first up ... then down again ...

Somewhat around those levels you mentioned are possible ...

Maybe even higher ...

But should soon run out of steam again ...

Two types of strategies may fit at its best ...

1.) Boris Becker like "Schmetterball" smash down into the right corner ... if they do us the favour to play it too high again ... Bumm und Zack ! ! !

2.) Or an Entry stop at those mentioned acceleration key-points ...



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