Spider's Den

Need to be careful, switching to m5 chart.

I reg 5m QUAD activated. Scalping from 3758 Be in place, and yet again BE hit.

Highest been 1.3771 until now ...

As things has been changed with this move ...

I will provide a new ZigZag probabilities survey for you traders ...

Sorry ... but it will need a few minutes ...



;-|

Is that 3755 turned into support. LOL, where are you sellers protecting it?

Still on -24 pips today. If someone has lost on counters/fades patience. Wait for the right setup. No revenge trades.

Hi Raza,
Yes, 1.3889 that's what I have too but I don't think today.
Above 1.39 that I will consider shorting again

Yes, this was pretty unexpected. TBH im little surprised as 3755 proved no resistance at all, i mean just slight, small, fragile resistance....ATR also failed, 3750 was confluence..

Well lets wait fir the right setup. 3800 reaction would be interesting.

Trying to break it...still waiting...

Stops & Triggers Range (12. Oct 2011, 11:30 CET)
ZigZag A-B-C Bandwidth

1.3852 1.3717
1.3826 1.3691
1.3800 1.3665
1.3775 1.3633

1.3762 1.3621 <= intersection

1.3749 1.3608
1.3717 1.3582
1.3691 1.3556
1.3665 1.3530

UPS and DOWNS
1.3800 1.3582


I will try to explain later ... as I have written a long explanation ... and when pushed that submit reply button ... those FF servers had trobles ... arrrg!

Always play for the opposite side ... most important keys are highlighted by typical colors ... levels below are enhancements ... levels above are higher probability retracements ...

Mehr gibts aber erst später ... ich muss jetzt handeln ...



;-|

(@_@) And i can only watch.

Sitting on needles, hope you made good pips

Good morning fellow traders,

3856 may be a very good target for today.

In such powerful moves like the last few days it is better to switch to bigger TF for perspective or trade on 5 min TF or below.

Shorting at around 3750 was not a wise decision when one would have respected wave counts in conjunction with momentum considerations.

Lately I discarded the solely attempt to trade levels (what is very popular in FF). I found, that most of the even well respected traders have really no clue about direction at that levels, ot to answere the question, which level one has to choose.

It is a much better attempt (out of my sight), to look for channels and certain trendlines (I call them momentum lines) and to watch out, what price and momentum do at that lines.

To that add EW.

It can not hurt to kow where S/D-levels are, but most of the time, I am sure, I will reach better results in judging turning points with Murrey Math.

When you believe in Fibs, you should believe in Murrey Math.


See my 12h chart for "priority" channels.

3848 is the 50% retracement of the move 1,45x to 1.31x and the upper channel line.

I have taken shorts here for scalping at 3805 with SL behind 3848

I will go more heavy short at around 3848

3794 sold. will post a chart stops on BE

Re entry, watching it closely. Scalped AU for 10 pips so this will be 10 pips s/l for this one. Risking 10 pip profit from AU trade.

Closed for 2, just didnt want to let it come to BE again.

Lets see next step

3820?

Moin Fini!

Schön ... ok ok ... 1.3852 bei mir 1.3856 bei Dir ...

Scheißegal ... spätestens da sitzt der obere Totpunkt ... retracements might be limited for now firstly ...



;-|

Cable has made a double top m5 5784

Stops to BE now ( 5766)

Closed +10. Taking a break now. Couldnt wait and consolidation time now. Will be back around 13 gmt.

Total -13 for today.

Although counter trend ...

I am short now again ... with 25 times bigger amounts than previous entries ...

MY BE short is at 1.3805 total sum aggregated atm ...

2011-10-12 _ (12h27 CET) EUR-USD _ 030min _ 000 barchart 240-500-40

And prices will remain in near-term bullish territory as long as we are traveling above 1.3768 - 1.3747 limits ...

In other words ... you should be able to trade profitable even then ... in case you jumped in too early (as I did today as well) by the use of a clean
re-entry strategies at much higher levels again ...

I'm fed up to trade with platforms that does not provide elaborated facillities for such reasons ...

Currently I'm prepairing a re-newed relationship to a former companion who is a owner of very well known company in trading and providing rare raw materials for products in military branches purposes all over the world ... China ... USA ... even with Sovjet Union in former days they were in business with ... they do have spot points in more than 100 countries ...

They have a kind of monopol status in these things ... and of course they do trade in all major principal currencies since more than 50 years ...

It is quite sure that they will not accept any trading with finance services which can not suit up to their demands ...

More than 30 years ago ... I can remember a meeting with them and some leaders of the DEUTSCHE BANK who tried to come in contact with them ... they did quit that relationship abruptly with a smile ... as they never did not need any credits from them ... and there were only a very few small things that they found as being not sufficient for them ...

Only a few stupid remarks ... a few really stupid and clumsy questions ... and they switched over to another theme ... and those CEOs from DEUTSCHE BANK never got a shoe behind their doors anymore until nowadays.

Sorry ... hat mit allem hier nichts zu tun ... aber das mußte jetzt mal so gesagt sein ...



;-|

Because of.....?

Inquiring minds want to know!