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Spider's Den

  • #7,681
  • Nov 23, 2011 7:22am Nov 23, 2011 7:22am
Quoting T@rantula
Hey guys u miss me?



Here I am. Yes Consolidation between 12 gmt- 13.30 gmt is not my favourite time. Usually i make a break then and I trade afterwards.
Good idea,,,

I never thought about it...going to keep that in mind.

See you/ all later.
Markets are not Random, they are designed!
  • #7,682
  • Nov 23, 2011 7:29am Nov 23, 2011 7:29am
News in a minute.
Don't get mad, get even!
  • #7,683
  • Nov 23, 2011 7:31am Nov 23, 2011 7:31am
Dodgy count, we will see if it works.

Seb
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  • #7,684
  • Nov 23, 2011 7:36am Nov 23, 2011 7:36am
Well well well...
Bye Bye Euro
LOL

Seb
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  • #7,685
  • Nov 23, 2011 7:40am Nov 23, 2011 7:40am
Quoting Flynchenberg
Well well well...
Bye Bye Euro
LOL

Seb
Twist and turn, fish for H&S's... whatever tool you wanna use I agree with the 2900 target
Don't get mad, get even!
  • #7,686
  • Nov 23, 2011 7:57am Nov 23, 2011 7:57am
made +22 on this one left higher one to run.

reason to long? price seem to cap and take arest and make possible SL hunt for sellers who sold the fake bear engulfing resolved north.

added more on fake PB but closed it to bank

if it hunts those SL's double bottom might play out. give it 3 mins maybe or maybe inverted h/s would work too
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Have I got something on my face, SOLDIER?
  • #7,687
  • Nov 23, 2011 8:27am Nov 23, 2011 8:27am
Quoting T@rantula
Just scalped some 3390 long.

On the next dip ( till 14 gmt) I will probably buy swing trade with stops 3365 target 3430 then I may sell it again.

Lets see
Closed something which was needed to be scalp turned into intraday...I did some pips, had 2 longs, this was intended to be 3401 and I got 3405.
Again I got worse price then i asked for from OANDA. It seems when price is moving rapidly there is a BIG LAG in execution.


Soon ill move this account to EU brokerage.

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  • #7,688
  • Nov 23, 2011 8:27am Nov 23, 2011 8:27am
Quoting Flynchenberg
Hi Markus,
Since my blue wave 2 top: I would love to count the rest as 1-2, 1-2, but so far it does not fit on lower time frames or my count is wrong.

Seb



Hi Seb,

yes, so far counting sucks. Mr. Market must give us a bit more for a clue :-)
  • #7,689
  • Nov 23, 2011 8:36am Nov 23, 2011 8:36am
Quoting Flynchenberg
Dodgy count, we will see if it works.

Seb


Hi Seb,

momentum so far says, that your black wave 5 is not a wave 5 but a wave 3


It may be 1-2, 1-2, 1-2-3-now 4
  • #7,690
  • Nov 23, 2011 8:47am Nov 23, 2011 8:47am
No clear direction still. Closed all my longs, maybe I shouldnt have but price may go for 3440. Lets see h1 close in 10.
  • #7,691
  • Nov 23, 2011 9:02am Nov 23, 2011 9:02am
Missed this short.

Well because of that ill be making a break 1h. Ill be back in 1h. For those who took shorts 3440 is resistance, 3345 should be target and provide some support.

If it breaks down look for 3320.
  • #7,692
  • Nov 23, 2011 9:13am Nov 23, 2011 9:13am
Quoting infinitus
Hi Seb,

momentum so far says, that your black wave 5 is not a wave 5 but a wave 3


It may be 1-2, 1-2, 1-2-3-now 4
This is bearish as f@ck...
LOL

Seb
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  • #7,693
  • Nov 23, 2011 9:20am Nov 23, 2011 9:20am
Quoting Flynchenberg
This is bearish as f@ck...
LOL

Seb
still looking for that long eh?
Have I got something on my face, SOLDIER?
  • #7,694
  • Nov 23, 2011 9:25am Nov 23, 2011 9:25am
Quoting bumapatria
still looking for that long eh?
I never buy Euro, Buma.
No longs for me.


Seb
  • #7,695
  • Nov 23, 2011 9:39am Nov 23, 2011 9:39am
Quoting Flynchenberg
I never buy Euro, Buma.
No longs for me.


Seb


Haaaaaaaahaaaaaaaa, best answer ever.


I say: Euro to parity, if that breaks 0.85 around, after that Euro to Zero
  • #7,696
  • Nov 23, 2011 9:41am Nov 23, 2011 9:41am
Quoting infinitus
Haaaaaaaahaaaaaaaa, best answer ever.


I say: Euro to parity, if that breaks 0.85 around, after that Euro to Zero
Business idea: sell T-Shirts with that.

BTW: EURCHF slide 100 pips and we have Bullish Crab on H1.
EDIT: on H4 chart we can see nice bullish levels to go long. In case of break down through this levels we will wait for SNB to come in for another lift up I guess...

Seb
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  • #7,697
  • Nov 23, 2011 9:49am Nov 23, 2011 9:49am
Covered shorts here, small long @ 3352 with tight SL
  • #7,698
  • Nov 23, 2011 9:50am Nov 23, 2011 9:50am
The possibility of a spike up remains high as we approach a number of fibonacci overlap zones:

1.382 price extension of 3816-3426 is 3277
1.382 price extension of 4247-3600 is 3354
78.6 retracement of 3140-4250 is 3377

Also I have mentioned my suspicion about further down move here:
http://www.forexfactory.com/showthre...56#post5160556
  • #7,699
  • Nov 23, 2011 9:52am Nov 23, 2011 9:52am
Quoting Flynchenberg
Business idea: sell T-Shirts with that.

BTW: EURCHF slide 100 pips and we have Bullish Crab on H1.
EDIT: on H4 chart we can see nice bullish levels to go long. In case of break down through this levels we will wait for SNB to come in for another lift up I guess...

Seb

Hi Seb,


nice observation. Question is: is the SNB able to defend it again? But maybe some spending with a lot of verbals will do the trick again
  • #7,700
  • Nov 23, 2011 9:59am Nov 23, 2011 9:59am
Quoting infinitus
Hi Seb,


nice observation. Question is: is the SNB able to defend it again? But maybe some spending with a lot of verbals will do the trick again
Well,
I realise I know sh!t, but as I said just after interwention in September: SNB will eventually lose this battle for a peg and everyone and his dog will buy CHF with their hands and legs.

Verbals often do the trick, but I guess R/R right now is so attractive that some people are just can't wait to try SNB "put your money where your mouth is" attitude.

Seb
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