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Spider's Den

  • #2,541
  • Sep 6, 2011 2:46am Sep 6, 2011 2:46am
I don't trade gold but when looking to it and depends on my own chart
There a sell @1920 target 1810
  • #2,542
  • Sep 6, 2011 2:56am Sep 6, 2011 2:56am
1.4170 is holding pretty well.

M15:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M15.png Size: 64 KB
  • #2,543
  • Sep 6, 2011 2:59am Sep 6, 2011 2:59am
LTL 4172, if broken we will dip down 4160 good support.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.png Size: 33 KB
  • #2,544
  • Sep 6, 2011 3:00am Sep 6, 2011 3:00am
@ egkid
did you take the Gbp Chf Long?

cheers
aligater
born to speculate
  • #2,545
  • Sep 6, 2011 3:05am Sep 6, 2011 3:05am
No ... I cannot explain every step ...

No time for such things ... I am a trader ...

And I did short it from 1.4225 - 32 area ...

And now I cashed some parts near 1.4177 ... and did A REVERSO near 1.41736 ... for a small bounce ...

And so on and so on ...

I do make so many trades ... that there is no time to report all mini steps ...

But I do post here mostly a survey ... which shows on which stages you can expect some action ... and you can see what it is about and behind ... when you observe it for a longer time ...

The Daily Key is always known as the "MASTER KEY" ...

Stay to play with these rules within the mentioned key-points ... and don't muddle up with some poor charting views based thoughts ...

Then you will see it works ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,546
  • Sep 6, 2011 3:16am Sep 6, 2011 3:16am
Quoting aligater
@ egkid
did you take the Gbp Chf Long?

cheers
aligater
No bro I prefer to concentrate more with e/u and g/u they r 50% of currency trading and i enjoy them beside no much time to used to other pair
Thanks for care
  • #2,547
  • Sep 6, 2011 3:19am Sep 6, 2011 3:19am
Quoting egkid
No bro I prefer to concentrate more with e/u and g/u they r 50% of currency trading and i enjoy them beside no much time to used to other pair
Thanks for care
Ok bro GL.


aligater
born to speculate
  • #2,548
  • Sep 6, 2011 3:21am Sep 6, 2011 3:21am
Quoting BrunargarFx
Hi mercy and all
Could you expain your reason to short this?
Shouldn't we start building on it instead? I have a pennant forming on M15 which shows potential to the upside.
Commitment from SNB to keep the 1.2 level should favour the Euro no?
PS: I'm not saying that you are wrong, just trying to understand.

Thanks for any feedback
Yes ... pennant ... fine ...

But this is a move caused by some action from SNB ... regarding the EUR/CHF mainly ...

SNB is quite mighty ... not a BANANA REPUBLIC INSTITUTION ...

But some action is some action ... not less ... but not much more as well ...

And even they will not have the power to stem something against the PRINCIPAL MAJOR CURRENCY PAIR ...

So the overall music plays down later again ...

Now we are playing one octave higher ...

But not at the castrates opera festival lounge we are singing ... mi mi mi lo lo lo ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,549
  • Sep 6, 2011 3:43am Sep 6, 2011 3:43am
Current situation in USD/CHF ...

Trendchannel still valid ... and I started to calculate and post this channel here in this place more than two weeks ago ...



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Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-08-17_23h09_ USDCHF _ min180 _ (200) candle + TL + MA.PNG Size: 41 KB
Click to Enlarge Name: 2011-08-19_08h21_ USDCHF _ min180 _ (200) candle + TL + MA.PNG Size: 41 KB
Click to Enlarge Name: 2011-09-06_12h28_ USDCHF _ min180 _ (200) candle + TL + MA.PNG Size: 43 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,550
  • Sep 6, 2011 4:15am Sep 6, 2011 4:15am
Quoting T@rantula
LTL 4172, if broken we will dip down 4160 good support.

Attachment
DOne.
  • #2,551
  • Sep 6, 2011 4:21am Sep 6, 2011 4:21am
Quoting T@rantula
DOne.
Exactly ... and now it can bounce a little again ...

While supported between 1.4160 (former daily pivotal resistance no. 1) and 1.4142 (former Écart resistance no. 1) ... it can bounce one more time again ...

http://www.forexfactory.com/attachme...4&d=1315261010

As shown in TABLE above ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,552
  • Sep 6, 2011 4:51am Sep 6, 2011 4:51am
We are already pretty much where we were before the intervention, except that some of us had some pretty promising trades open which went up in smoke.
My e/u 4126 short from yesterday had SL set at BE but closed at 4176 with -50 pips.
Luckily after I rang broker decided to reimburse the loss for that one.
Other one was my Aussie short from last Friday 1.0744 which would've been safe, but I panicked and closed right near the top of spike at 1.0620.

So all in all not a very profitable intervention for me. I have however heavily reloaded shorts on e/u 1.42225 and I don't think this will be in danger till tomorrow at least, if at all this week.
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #2,553
  • Sep 6, 2011 4:55am Sep 6, 2011 4:55am
In other news a once-in-lifetime experience to see a chart like this
Attached Image (click to enlarge)
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Don't get mad, get even!
  • #2,554
  • Sep 6, 2011 5:20am Sep 6, 2011 5:20am
Quoting stulic
I'm eyeing the Ninja, BOJ will be looking at the results of this SNB move very closely and USD/JPY could be still very cheap at 77.100.
Not unreasonable to expect at least a fear driven rally of this pair before and during the Asian trading session?
Will BOJ just sit and watch the Swissie artificially weakened with success while the Greenback still hovers around or below 77 Yen?
I don't know the answer but I'm betting on a rally and if there is any movement we could see spikes piercing above 80.

I'll be gradually building up my longs, first bought at 77.298

Eu and Sterling, as expected nose diving.. again F##$@$ SNB !!!
Attached Image (click to enlarge)
Click to Enlarge Name: uj06091.gif Size: 17 KB
Don't get mad, get even!
  • #2,555
  • Sep 6, 2011 5:25am Sep 6, 2011 5:25am
1.4060 again ...

This move looks to me over and done as well ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,556
  • Sep 6, 2011 5:38am Sep 6, 2011 5:38am
This can give us a bounce to above 1.4117 - 30 again ...



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2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,557
  • Sep 6, 2011 5:41am Sep 6, 2011 5:41am
First time trade E/CHF
Anyone have experience with it will b nice to share his view with mine
Already in trade with it
  • #2,558
  • Sep 6, 2011 5:45am Sep 6, 2011 5:45am
1.4038 to the pip.

Looking veeeeery vulnerable if you ask me.
Don't get mad, get even!
  • #2,559
  • Sep 6, 2011 5:51am Sep 6, 2011 5:51am
Quoting stulic
In other news a once-in-lifetime experience to see a chart like this
Yes, I have never seen such a move, scrolling back couldnt see it in past 10 years.

GBPCHF 1200+ pips in few hours
  • #2,560
  • Sep 6, 2011 5:54am Sep 6, 2011 5:54am
Quoting egkid
First time trade E/CHF
Anyone have experience with it will b nice to share his view with mine
Already in trade with it
I have been trading that pair matey. Its a volatile pair and it is very susceptible to chf movements also corellated to EU . I wouldnt dare to enter now as SNB will keep it above 1.2000 so it is susceptible to interventions. EU has been falling last 2h while eurchf is steady above 1.2000. It is very fundamentally driven at the moment.
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