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Spider's Den

  • #4,441
  • Oct 21, 2011 5:18am Oct 21, 2011 5:18am
Quoting Raza
...

All week E/U has been stop hunting!

That's the reason why I don't trade with a stop loss majoritarian and go in the trades with cascading trades only a small proportion (one or several 1/10), but I hedge then these positions and wait at higher timeframe for a profit liquidation or trade at M15/M30 /H1/H4 the global direction and the at M1 Level the countermovements or so.
  • #4,442
  • Oct 21, 2011 5:19am Oct 21, 2011 5:19am
Quoting Raza
I still believe there should be a sell off across the board..

All week E/U has been stop hunting!
I think week will close around 3900.
Don't get mad, get even!
  • #4,443
  • Oct 21, 2011 5:20am Oct 21, 2011 5:20am
Quoting raza
i still believe there should be a sell off across the board..

All week e/u has been stop hunting!

check 15tf wave ..the down move in london open was abc correction ...i am not good in wave but looking at swing high and low of those move i think today is bullish imho...
Yesterday hammer demand for 50% retrace ...nothing is clear yet..
MY OPINION NOT FINANCIAL ADVISE
  • #4,444
  • Oct 21, 2011 5:24am Oct 21, 2011 5:24am
Quoting stulic
I think week will close around 3900.

...and then I would go down with 1/10 till 1.3265 or so (longer term).
  • #4,445
  • Oct 21, 2011 5:27am Oct 21, 2011 5:27am
Quoting Raza
I still believe there should be a sell off across the board..

All week E/U has been stop hunting!
We need to see 3788>3808 reaction. If this was profit taking for short traders we may have another sell off now or later in the day. But my charts show bulls only above 3817 ( m15/intraday). So for breakout/trend based trades only valid confirmation is needed. m5 scalping till then.

Quoting egkid
I will not b greedy for Friday , I was thinking not to trade today but daily take my attention any way I lock my profit here 3770 my key point
And chances never end because "Tomorrow never dies"

4h Consolidation not clear i prefer to wait when daily and 4h on same direction that best Bet
Nicely done
  • #4,446
  • Oct 21, 2011 5:29am Oct 21, 2011 5:29am
Guess 10 hrs from now we will know what happened...
Markets are not Random, they are designed!
  • #4,447
  • Oct 21, 2011 5:29am Oct 21, 2011 5:29am
Quoting donfriday
looking for a test on 1.5755 as retracement.. Daily pin bar could be a warning for seller.
i post this last night..
Attached Image
MY OPINION NOT FINANCIAL ADVISE
  • #4,448
  • Oct 21, 2011 5:40am Oct 21, 2011 5:40am
Bearish continuation below 3759
  • #4,449
  • Oct 21, 2011 5:56am Oct 21, 2011 5:56am
I'm waiting for the H4 close

I have GU likely up ?!?
Not sure about EU -> I thought we could have seen 3675 this morning...


Quoting T@rantula
Bearish continuation below 3759
  • #4,450
  • Oct 21, 2011 6:00am Oct 21, 2011 6:00am
Quoting BrunargarFx
I'm waiting for the H4 close

I have GU likely up ?!?
Not sure about EU -> I thought we could have seen 3675 this morning...
Cable definitely looking for higher grounds.
Don't get mad, get even!
  • #4,451
  • Oct 21, 2011 6:01am Oct 21, 2011 6:01am
Quoting T@rantula
Bearish continuation below 3759
My 4h chart
Between yellow line suffocation zone ,It's really hard to tell where it go from here
Attached Image (click to enlarge)
Click to Enlarge Name: w.gif Size: 20 KB
  • #4,452
  • Oct 21, 2011 6:07am Oct 21, 2011 6:07am
Quoting donfriday
i post this last night..
15tf this look like we in wave 3.......daily is up...1.5915
MY OPINION NOT FINANCIAL ADVISE
  • #4,453
  • Oct 21, 2011 6:08am Oct 21, 2011 6:08am
I went long on GU, SL at BE:5817 TP: 1.5883 (if we break 585x). I have 1.611 - 1.613 long term before going down again (1.53 would be long term support)

EU still not sure, I was expecting more down again... Had a short position opened earlier this week (after experincing a few losses at SL) and did not manage to capitalize on the way down. Missed 200pips but got a 100pips this morning. Pity I can't fully trade intra day -> this was a brilliant week for it.
  • #4,454
  • Oct 21, 2011 6:10am Oct 21, 2011 6:10am
Hi Don, there is a pb with your attachement
Quoting donfriday
15tf this look like we in wave 3.......daily is up...
  • #4,455
  • Oct 21, 2011 6:12am Oct 21, 2011 6:12am
EU is very difficult atm, I can't figure it out. I think I'll trade the break out either way but where we are right now is no man's land for me. Focusing on GU instead



Quoting egkid
My 4h chart
Between yellow line suffocation zone ,It's really hard to tell where it go from here
  • #4,456
  • Oct 21, 2011 6:16am Oct 21, 2011 6:16am
TP hit: +66
Quoting BrunargarFx
I went long on GU, SL at BE:5817 TP: 1.5883 (if we break 585x). I have 1.611 - 1.613 long term before going down again (1.53 would be long term support)

EU still not sure, I was expecting more down again... Had a short position opened earlier this week (after experincing a few losses at SL) and did not manage to capitalize on the way down. Missed 200pips but got a 100pips this morning. Pity I can't fully trade intra day -> this was a brilliant week for it.
  • #4,457
  • Oct 21, 2011 6:17am Oct 21, 2011 6:17am
Quoting BrunargarFx
. Focusing on GU instead
5883
Don't get mad, get even!
  • #4,458
  • Oct 21, 2011 6:18am Oct 21, 2011 6:18am
Quoting brunargarfx
hi don, there is a pb with your attachement
sorry...can you see now
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-10-20 at 8.32.16 PM.png Size: 314 KB
MY OPINION NOT FINANCIAL ADVISE
  • #4,459
  • Oct 21, 2011 6:20am Oct 21, 2011 6:20am
Thinking of re-entering after the retracement on GU...


Quoting BrunargarFx
TP hit: +66
  • #4,460
  • Oct 21, 2011 6:23am Oct 21, 2011 6:23am
Perfect Don,
Thanks for posting
Sorry I cant post my own charts, but we are looking at the same levels
I had 1.5883 as R2 today and I have missed closing a few good trades on EU this week by 10 pips so preferred to cash in this time )
All the best


Quoting donfriday
sorry...can you see now
5 traders viewing now