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  • #8,721
  • Dec 7, 2011 10:16am Dec 7, 2011 10:16am
Quoting T@rantula
Now many would say: "T@ta isnt it wronf to close the trade not letting the winners run?"

I would say....

Look at the time..Its 16 gmt. Profit taking is taking place usually between 15-16 GMT. SO if you close the trade just prior to sessions end it ALWAYS OK.

I would say that its not ok if you close the good WINNING trade which has an excellent potential for further gains in the MOMENTUM peak and that is usually between 9.30-11.30 GMT( especially) and 14.00-15.30 GMT.
wisely said, the market DOES have a cycle in time. opens and closes into trending environments. my friend pedro talks about it alll the time.... duh...

hes good at it too.

profit is profit
Have I got something on my face, SOLDIER?
  • #8,722
  • Dec 7, 2011 10:17am Dec 7, 2011 10:17am
Quoting T@rantula
Yes i saw it on your thread. Sometimes it happens to me. Wrong button.

Good,well always good to admit you are wrong. Because telling to yourself and admitting t publicly will only make u look more professional.

hey man, it was a joke the wrong button went long but the order got filled too high..

anyways i can cover
Have I got something on my face, SOLDIER?
  • #8,723
  • Dec 7, 2011 10:20am Dec 7, 2011 10:20am
Quoting bumapatria
hey man, it was a joke the wrong button went long but the order got filled too high..

anyways i can cover
Yes i know Just remember that we are humans and we make mistakes. And the thing is, we can learn from our mistakes.

Not a big thing, cutting a loser is always a good option.
  • #8,724
  • Dec 7, 2011 10:31am Dec 7, 2011 10:31am
closed +1 on oil..

what now oil? whatcha got on me?!

hahaha
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #8,725
  • Dec 7, 2011 10:33am Dec 7, 2011 10:33am
Quoting bumapatria
closed +1 on oil..

what now oil? whatcha got on me?!

hahaha
Good, and now, dont play devil. Enough for the day
  • #8,726
  • Dec 7, 2011 10:35am Dec 7, 2011 10:35am
Quoting T@rantula
Good, and now, dont play devil. Enough for the day
just one more trade.....

well too late already went on a trade...

NOw WHY tell me NOW?

hhaahaha

okay last one buddy
Have I got something on my face, SOLDIER?
  • #8,727
  • Dec 7, 2011 10:36am Dec 7, 2011 10:36am
Quoting bumapatria
just one more trade.....

well too late already went on a trade...

NOw WHY tell me NOW?

hhaahaha

okay last one buddy
Trading outside the trading hours can be dangerous. No momentum and momentum is all
  • #8,728
  • Dec 7, 2011 10:41am Dec 7, 2011 10:41am
Quoting T@rantula
Trading outside the trading hours can be dangerous. No momentum and momentum is all
momentum is key - Tarantula



dont mess with him or he'll poison ur ass to paralysis
Have I got something on my face, SOLDIER?
  • #8,729
  • Dec 7, 2011 10:44am Dec 7, 2011 10:44am
Quoting bumapatria
momentum is key - Tarantula



dont mess with him or he'll poison ur ass to paralysis
HAha yes, those who do not listen always get burnt
  • #8,730
  • Dec 7, 2011 10:48am Dec 7, 2011 10:48am
SO that is...

We are waiting for tomorrow's decision..

Levels on daily/4h TF...


Bulls need to close above 3435, bears would like to hold 3385, in between is no mans land.
  • #8,731
  • Edited 12:42pm Dec 7, 2011 11:54am | Edited 12:42pm
Few of the setups for education purpose only........
this type of setup appears frequently........... matter to master it.....
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  • #8,732
  • Dec 7, 2011 4:59pm Dec 7, 2011 4:59pm
Quoting T@rantula
Attachment

Attachment

Here Dance. Your blue trendline-resistance line should be tested. If it closes above, you can try to go long with smaller leverage due to h4 timeframe chart trading.

Daily also suggests move north.
Thanks.. T....
  • #8,733
  • Dec 7, 2011 5:03pm Dec 7, 2011 5:03pm
Quoting Munal
Few of the setups for education purpose only........
this type of setup appears frequently........... matter to master it.....
Very good and clear charts with nicely drawn trendlines. Keep it up mate!
  • #8,734
  • Dec 7, 2011 5:04pm Dec 7, 2011 5:04pm
Quoting danc
Thanks.. T....
No problem, tomorrow and Friday are important days. Stay alert!
  • #8,735
  • Dec 7, 2011 5:12pm Dec 7, 2011 5:12pm
Quoting T@rantula
Yes Aussie proved good for shorting. This chart shows where I would have posted If i took the trade. Clear chart with MACD retracement trading.

Meanwhile i may workout levels on Aussie each morning as I do for EURUSD.

Attachment
That would be good..
  • #8,736
  • Dec 7, 2011 5:15pm Dec 7, 2011 5:15pm
Quoting danc
Cable 30 min... looking to buy above trendline.. note above weekly mid.. candle pins and vol spikes..

I did trade this on 15 and 5 min charts..
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  • #8,737
  • Dec 7, 2011 5:25pm Dec 7, 2011 5:25pm
Quoting danc
I did trade this on 15 and 5 min charts..
Good. Its classic BPC pattern. Well done.

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  • #8,738
  • Dec 7, 2011 7:17pm Dec 7, 2011 7:17pm
Tomorrow we got Bid rate decision, so Ill be up at 8.15 GMT.

Tomorrow and next days Ill post same levels for aussie as I have been posting for EU.

Also expect new tutorials and live calls as always

T
  • #8,739
  • Dec 8, 2011 2:59am Dec 8, 2011 2:59am
Hello guys,

As today is bid decision rate day, volatility is a bit thin. Notice the levels are somehow "clustered". I included AUDUSD levels too and Ill be doing that from now on every day

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  • #8,740
  • Dec 8, 2011 3:02am Dec 8, 2011 3:02am
We will have a range until rate decision, possibility is to short 3415-20 with stops 3445 targeting 3385
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