Spider's Den | Page 192 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Spider's Den
Exit Attachments

Spider's Den

  • #3,821
  • Oct 13, 2011 3:21am Oct 13, 2011 3:21am
Quoting mercy seat
Limit-Orders and Stop-Orders are made for that ...

Anyway ... it is always better to make much more use of those facillities ...

Not ... too much baby-sitting ... make use of LIMITS ...

That's why they are made for ...

FOREX is nothing for people who are concerned on other kind of working ...

And I do feel who is really a trader ... or only an occasionally "Plapperhannes" ... but mostly a long-term boring amateur ...

Theoretiker etcetera pp ...



;-|

Im sure EG will make it, he knows his job, many times he's been excellent. This movement support his account. As i said 3773..now we had a retest and its valid we go down more, unless 60 proves a hard NUT to crack. ( Look at my levels posted above)
  • #3,822
  • Oct 13, 2011 3:26am Oct 13, 2011 3:26am
Quoting T@rantula
After 30 pips ill put it on BE

ah sorry.. my entries were:

1/2 position at 1.3716
1/4 position at 1.3715 - upon retest
1/4 position at 1.3704...

stops all at BE... all to be cashed at 1.3716.. this should support for a move higher imo.. otherwise we walk back onto bear territory
  • #3,823
  • Oct 13, 2011 3:27am Oct 13, 2011 3:27am
Quoting jaylovin
ah sorry.. my entries were:

1/2 position at 1.3716
1/4 position at 1.3715 - upon retest
1/4 position at 1.3704...

stops all at BE... all to be cashed at 1.3716.. this should support for a move higher imo.. otherwise we walk back onto bear territory
You mean 3816 etc.. Vgood
  • #3,824
  • Oct 13, 2011 3:27am Oct 13, 2011 3:27am
Quoting T@rantula
Ok guys this is getting interesting...3823 failed first time. No continuation yet.
Genau ...

I sold there ... 1.3817 and 1.3825 ... both with LIMIT orders ...

And covered again at 1.3677 and here at 1.3762 ...

Now a small starter A REVERSO from 1.3753 ...

Ja ja ... so machen wir das ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,825
  • Oct 13, 2011 3:28am Oct 13, 2011 3:28am
Good morning all,

if the move up from 31x is counted as an impulse (a shitty one),

we might see another high, since on e.g. daily and hourly TF a wave 5 is missed so far.

Would not be surprised to see a new high around 385x, maybe overshoot to 3916


But since the impulse is very messy we might have seen the top already.

If the top was not in, then we are in an C wave impulse of a wave 4 which should conclude ideally around min. 3734, 3671 or 3610.

Remember: a wave 4 normally goes back to the wave 4 of one lesser degree.

This one lesser degree wave 4 was between 3697 and 3564
  • #3,826
  • Oct 13, 2011 3:29am Oct 13, 2011 3:29am
Scaling out 2/3. Stops on BE now. +30
  • #3,827
  • Oct 13, 2011 3:32am Oct 13, 2011 3:32am
Quoting T@rantula
Go for it mate. Been concentrating mostly on EURUSD and CABLE, only did few scalps on AUSSIE yesterday.
Could't help it and sold AUDUSD small one @ 1.0215.
+55 already
Waiting for much more, it might bounce now from green rectangle area, but if Italian auction goes bad/not that good i will add at retreacments.
Breake below 1.0143 support and I 1ill see parity first.

Let's see,
Seb
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.gif Size: 40 KB
  • #3,828
  • Oct 13, 2011 3:35am Oct 13, 2011 3:35am
Quoting infinitus
Good morning all,

if the move up from 31x is counted as an impulse (a shitty one),

we might see another high, since on e.g. daily and hourly TF a wave 5 is missed so far.

Would not be surprised to see a new high around 385x, maybe overshoot to 3916


But since the impulse is very messy we might have seen the top already.

If the top was not in, then we are in an C wave impulse of a wave 4 which should conclude ideally around min. 3734, 3671 or 3610.

Remember: a wave 4 normally goes back to the wave 4 of one lesser degree.

This...


When we asume that we are in a wave 4 we have to look at its corresponding wave 2 to know what we have to await:

The wave 2 was a simple ABC flat correction which consumed 40h and was not a deep correction

The wave 4 now should therefore be a complex correction or a triangle. Since wave 2 was shallow, wave 4 should retrace fairly deep. This is normally done with an WXY correction or an ABC-x-ABC correction.
Both options are time consuming. Maybe no high before monday.
  • #3,829
  • Oct 13, 2011 3:37am Oct 13, 2011 3:37am
Quoting mercy seat
Limit-Orders and Stop-Orders are made for that ...

Anyway ... it is always better to make much more use of those facillities ...

Not ... too much baby-sitting ... make use of LIMITS ...

That's why they are made for ...

FOREX is nothing for people who are concerned on other kind of working ...

And I do feel who is really a trader ... or only an occasionally "Plapperhannes" ... but mostly a long-term boring amateur ...

Theoretiker etcetera pp ...



;-|
Mercy
Everyone has his own way of trading bro
I use only mental SL and doing very good since years

I have been working since years and trading since years but there are sometime market make u tense
  • #3,830
  • Oct 13, 2011 3:39am Oct 13, 2011 3:39am
Quoting infinitus
When we asume that we are in a wave 4 we have to look at its corresponding wave 2 to know what we have to await:

The wave 2 was a simple ABC flat correction which consumed 40h and was not a deep correction

The wave 4 now should therefore be a complex correction or a triangle. Since wave 2 was shallow, wave 4 should retrace fairly deep. This is normally done with an WXY correction or an ABC-x-ABC correction.
Both options are time consuming. Maybe no high before monday.
Hi Markus,
How are You mate? I hope You are doing well.
Can I ask You to post a chart with current wave count when You have a while?

Green pips,
Seb
  • #3,831
  • Oct 13, 2011 3:41am Oct 13, 2011 3:41am
Quoting Flynchenberg
Could't help it and sold AUDUSD small one @ 1.0215.
+55 already
Waiting for much more, it might bounce now from green rectangle area, but if Italian auction goes bad/not that good i will add at retreacments.
Breake below 1.0143 support and I 1ill see parity first.

Let's see,
Seb
Res. Gone?
Will see...
+75
Attached Image (click to enlarge)
Click to Enlarge Name: audusd2.gif Size: 37 KB
  • #3,832
  • Oct 13, 2011 3:41am Oct 13, 2011 3:41am
Quoting egkid
Mercy
Everyone has his own way of trading bro
I use only mental SL and doing very good since years

I have been working since years and trading since years but there are sometime market make u tense
Same here,

trading and working can be combined.

But I think that it is sometimes better (when working) not to hold a position but to trade for the smaller moves with more leverage.

But to each his own......
  • #3,833
  • Oct 13, 2011 3:43am Oct 13, 2011 3:43am
Quoting mercy seat
Genau ...

I sold there ... 1.3817 and 1.3825 ... both with LIMIT orders ...

And covered again at 1.3677 and here at 1.3762 ...

Now a small starter A REVERSO from 1.3753 ...

Ja ja ... so machen wir das ...



;-|

Now it is pretty shure ... that it will drift into 1.3736 - 1.3708 zone ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,834
  • Oct 13, 2011 3:44am Oct 13, 2011 3:44am
Quoting T@rantula
You mean 3816 etc.. Vgood
yes sorry 1.3816... i am still sick

the punch above 1.3821 last night still implies a move above to 1.3905 initally...lets see how we react at 1.3716..
  • #3,835
  • Oct 13, 2011 3:44am Oct 13, 2011 3:44am
Quoting Flynchenberg
Hi Markus,
How are You mate? I hope You are doing well.
Can I ask You to post a chart with current wave count when You have a while?

Green pips,
Seb


Hi Seb,

hope you are doing fine too. :-)

Sorry, no chart at the moment since I am on smartphone (but not smart enough to put numbers and colours on chart without breaking my fingers) :-)
  • #3,836
  • Oct 13, 2011 3:46am Oct 13, 2011 3:46am
Quoting egkid
Mercy
Everyone has his own way of trading bro
I use only mental SL and doing very good since years

I have been working since years and trading since years but there are sometime market make u tense
Ohh ... please excuse me ...

Did not want to cause troubles with that ...

I know sometimes I'm a little bit sarcast ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,837
  • Oct 13, 2011 3:53am Oct 13, 2011 3:53am
FOREX HIGHLIGHTS chapter definitely this week.

Good job guys on managing trades
  • #3,838
  • Oct 13, 2011 3:55am Oct 13, 2011 3:55am
Quoting infinitus
Same here,

trading and working can be combined.

But I think that it is sometimes better (when working) not to hold a position but to trade for the smaller moves with more leverage.

But to each his own......
This defo is a part of QUAD I have been implementing last 3 months. Scalp moves with a slighly bit higher leverage then intraday trades.

Well its ok if you can afford it but its hard when you are not sitting close to your computer.
  • #3,839
  • Oct 13, 2011 3:56am Oct 13, 2011 3:56am
Quoting T@rantula
Bounce QUAD entry:

E:3785
S:3817
TP:3720

Attachment

Stops moves to 3798
Closed at 35. Done. +50 overall
  • #3,840
  • Oct 13, 2011 4:16am Oct 13, 2011 4:16am
Quoting T@rantula
Closed at 35. Done. +50 overall

1.3735 strong fib level... if no break then move back higher... atm 1.3762 should cap.. closed and reversed at 1.3738
5 traders viewing now