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Spider's Den

  • #8,141
  • Nov 29, 2011 3:41am Nov 29, 2011 3:41am
GU clears this supply we're up for good stop hunt
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Have I got something on my face, SOLDIER?
  • #8,142
  • Nov 29, 2011 3:43am Nov 29, 2011 3:43am
Quoting bumapatria
to me its a massive bull call last weekend...

screw mercury , and the moon, and the sun, and venus!

they all showed bullish signs and well it is... but so annoying when its slow. i carried a GU trade that was dunno 70+? but again im a chicken i banked profits.

yes i blame the skies for this LAGGING nature

no dates till december 1st. that is a gold cycle day

i should shutup ill get spanked by tarantula and stulic
..

Laughter is good for the mind .
Markets are not Random, they are designed!
  • #8,143
  • Nov 29, 2011 3:45am Nov 29, 2011 3:45am
Quoting Raza
It had been a bad week for me ..cause I had a heavy sell on friday and then market opened missed my stop which was only 15pips and kicked me out on opening price for 100 pip loss x many multiple lots....Luckily I did some revenge trading yesterday ..of course double the size of lots and took every penny back from them last night...

Now its not so bad.
Yes, and you know revenge trades are dangerous but...

If you have the confidence in your trades, then why not? I mean, there must be a drawdown...in order to make up for the losses drawdown is necessary. Last week I also had a drawdown ( Friday ) but the Monday was made it all up. As long as you are confident no need to worry about drawdown. Ofcourse, you must keep an eye on it and dont let it exceeds your maximum tolerance.
  • #8,144
  • Nov 29, 2011 3:49am Nov 29, 2011 3:49am
Quoting Raza
It seems price does not wanna go to 1.34s..cause of the range drama we had last month..(if it does it will just go right thru it to 1.35 level...)

On the other hand price does not wanna go make a new low it seems...wonder why?... Is it because of the book closing season and they have a capped price for E/U for this year..if so Range is the name of the game till next year...and Scalp is the way to go wherever it makes sense at.

It had been a bad week for me ..cause I had a heavy sell on friday and then market opened missed my stop which was only...
more like strategic rescue.

good work
Have I got something on my face, SOLDIER?
  • #8,145
  • Nov 29, 2011 3:52am Nov 29, 2011 3:52am
locking with a sell.
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Have I got something on my face, SOLDIER?
  • #8,146
  • Nov 29, 2011 3:53am Nov 29, 2011 3:53am
Quoting T@rantula
Yes, and you know revenge trades are dangerous but...

If you have the confidence in your trades, then why not? I mean, there must be a drawdown...in order to make up for the losses drawdown is necessary. Last week I also had a drawdown ( Friday ) but the Monday was made it all up. As long as you are confident no need to worry about drawdown. Ofcourse, you must keep an eye on it and dont let it exceeds your maximum tolerance.
Revenge trading is dangereous period! No matter how good you know the game....market has its own way of playing games with you...What I did was stupid... I could had lost even more...cause when you loose it messes your mindset and you are angry and not in the right state of mind...best to leave it alone take a loss and come back another day.

Here is what happened.

Well I dont usually go out of my MM....I risked 50% that day to make a fast profit with a gap of 100 pips down from 1.3232...instead it gapped UP!!!...did not think of that in my wildest dream cause price had already retraced up to 1.3296 that day...and was hovering around 1.3232.. going to 1.3140s was the ideal scenario...

Well whatever I usually dont do that...so covering 50% was very intense..

I will never do that again......

Saying all this openly cause I have nothing to hide I am only a human.
Markets are not Random, they are designed!
  • #8,147
  • Nov 29, 2011 3:53am Nov 29, 2011 3:53am
Ok intraday trade

E:1.3336
S:1.3315
TP: open ( 3438 max)

It will be either profit or stop.

Attached Image (click to enlarge)
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Scaling out some

+30
  • #8,148
  • Nov 29, 2011 3:56am Nov 29, 2011 3:56am
Quoting Raza
Well I dont usually go out of my MM....I risked 50% that day to make a fast profit with a gap of 100 pips down from 1.3232...instead it gapped UP!!!...did not think of that in my wildest dream cause price had already retraced up to 1.3296 that day...

Well whatever I usually dont do that...so covering 50% was very intense..

I will never do that again......

Saying all this openly cause I have nothing to hide I am only a human.
yeah i risked 1% for gap up. im so lame. chicken go chicken!




where is mercy seat?

U made it raza, u deserve honor
Have I got something on my face, SOLDIER?
  • #8,149
  • Nov 29, 2011 4:02am Nov 29, 2011 4:02am
Quoting stulic
with FTSE and DAX in red there wont be any Aussie parity today.
DAX and FTSE back in green and here we go up again...
Don't get mad, get even!
  • #8,150
  • Nov 29, 2011 4:02am Nov 29, 2011 4:02am
Quoting Raza
Here is what happened.

Well I dont usually go out of my MM....I risked 50% that day to make a fast profit with a gap of 100 pips down from 1.3232...instead it gapped UP!!!...did not think of that in my wildest dream cause price had already retraced up to 1.3296 that day...

Well whatever I usually dont do that...so covering 50% was very intense..

I will never do that again......

Saying all this openly cause I have nothing to hide I am only a human.
And yes I support u. There will be times when our human nature will prevail, after all we are concerned about our money. As long as we know what our weaknesses are we can control our fears.
  • #8,151
  • Nov 29, 2011 4:05am Nov 29, 2011 4:05am
Quoting T@rantula
Ok intraday trade

E:1.3336
S:1.3315
TP: open ( 3438 max)

It will be either profit or stop.

Attachment

Scaling out some

+30
Good entry...

where you entered I B.E at that point earlier........would had been in profit by now...frustrating....now it should be a runaway train..of course!

And going up after breaking 1.3323 ...LOL..
Markets are not Random, they are designed!
  • #8,152
  • Nov 29, 2011 4:12am Nov 29, 2011 4:12am
Quoting Raza
Good entry...

where you entered I B.E at that point earlier........would had been in profit by now...frustrating....now it should be a runaway train..of course!
It seems EU had a false breakout to the downside. What happens is...

If we touch a bearish continuation level ( 3322) and we fail to subsequrntly close below next profit level ( 3307) we usually may see either a retrace to our original bearish level ( 3332) and down again. That was happening. On 3rd rejection ( momentum candels signal this) we saw price penetrating just above 3332 and by looking at h1 chart we see that trendline hasnt failed.

Then I opened a long position.
  • #8,153
  • Nov 29, 2011 4:16am Nov 29, 2011 4:16am
EUR/USD FIRMS ON TALK OF “GOOD” Italian auction

Written by Gerry Davies
November 29, 2011 at 10:15 GMT


HAHAHHAHAHAAHHAHA
on hopes again!


Seb

EDIT: Just noted Bearish Gartley on H1.
Levels are pretty clear:
IDEAL short is @ 1.3431
second IDEAL short is @ 1.3490.
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  • #8,154
  • Nov 29, 2011 4:16am Nov 29, 2011 4:16am
Still opened

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  • #8,155
  • Nov 29, 2011 4:17am Nov 29, 2011 4:17am
closed my fail lock -50 and now up +100

stop hunting 101 and also getting stop hutned 101!


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Have I got something on my face, SOLDIER?
  • #8,156
  • Nov 29, 2011 4:18am Nov 29, 2011 4:18am
Quoting T@rantula
Ok intraday trade

E:1.3336
S:1.3315
TP: open ( 3438 max)

It will be either profit or stop.

Attachment

Scaling out some

+30
Done +84 pips taken.
  • #8,157
  • Nov 29, 2011 4:22am Nov 29, 2011 4:22am
EURUSD, M15, 2011 November 29

I take the risk over with a

Short @ 1.3416 (mR2).

The Daily seems also looking long enough.
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  • #8,158
  • Nov 29, 2011 4:22am Nov 29, 2011 4:22am
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  • #8,159
  • Nov 29, 2011 4:25am Nov 29, 2011 4:25am
Quoting danc
EURO.. UD 4 hr picture..Cable looks same same..also at weekly PPXEUUD
EUUD Closed for 65.. as per previous picture..
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  • #8,160
  • Nov 29, 2011 4:27am Nov 29, 2011 4:27am
Quoting T@rantula
Done +84 pips taken.
I love this kind of trades when rumours came out of nowhere and suddenly you are up 100 pips trading bullsh!t LOL
Well done

Seb
EDIT:
The all important Italian auction of EUR7.5 bln bonds have come at levels that have not dampened enthusiasm for the EUR. The 3-yr came at a yield of 7.89%; the 10-yr came at 7.56%, eurozone era highs. The euro's positive reaction to the results shows that even at the high yields suggests that as opposed to the German situation last week, the Italians were successful at placing their bonds. Equities have also sided with those that believe a "successful" auction at any yield level is "positive" by extending their gains. Germany's DAX is up 53 points to 5798 and the US's S&P Futures touched intraday highs of 1205+, up about 15 points. Equities are taking back more of last week's post German bund auction declines. Now the question is whether the initial EUR reaction will be sustainable. M.B.
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