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Spider's Den

  • #9,741
  • Jan 19, 2012 6:00pm Jan 19, 2012 6:00pm
Quoting AlexC
This thread is the one to read if you want to see what's unfolding. Thanks for the great explanation on why the market didn't drop and the difference between Retracement & Reversal. You Tarant, are an observant trader and everyone can learn from you. This thread is much better without the chatter it use to have. More focused now. That's what traders need to do. Be more focused on the interday interworkings of price movements and the reasons behind the moves. Keep up the good work your doing T@rant.
oh yeah - i second alex's comment!
Have I got something on my face, SOLDIER?
  • #9,742
  • Jan 19, 2012 10:44pm Jan 19, 2012 10:44pm
Quoting T@rantula
2.30h hours later

Price NEVER reversed. Why? Because 2875 hasnt been taken out. That was a minor retracement prior to new HH. Simple.

Attachment
thanks a lot ,
i dit some stupid trades yesterday, selling new highs.
But , thanks to your postings and my very agressive stoploss and trademanagement i lost only 11 pips.
  • #9,743
  • Jan 19, 2012 11:02pm Jan 19, 2012 11:02pm
There is some reasons to think reaction shorts around where we are now - however I am looking for the small intraday channel to first break down (not shown here)
Attached Image (click to enlarge)
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  • #9,744
  • Jan 19, 2012 11:05pm Jan 19, 2012 11:05pm
Hello all.

Another position trade attempt. I am long at 2967. Will post a chart soon showing reasons.
  • #9,745
  • Jan 19, 2012 11:33pm Jan 19, 2012 11:33pm
Here is the chart. Nice tight consolidation and strong breakout. Entered on brown line, resistance to become support.

http://img42.imageshack.us/img42/2315/postrade.png
  • #9,746
  • Jan 19, 2012 11:41pm Jan 19, 2012 11:41pm
Hello guys, interesting views today early morning. And gz to longs here.

This is the levels table

Attached Image (click to enlarge)
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Early PA suggests continuation of Bullish projection. If 3013 is broken 3020 is next.
  • #9,747
  • Jan 19, 2012 11:45pm Jan 19, 2012 11:45pm
Enter long on on BPC 5501

Enter short on BPC 5481

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  • #9,748
  • Jan 19, 2012 11:50pm Jan 19, 2012 11:50pm
Maybe a late entry, not risking much

E:2976
S:2950
TP:3020+

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  • #9,749
  • Jan 20, 2012 12:02am Jan 20, 2012 12:02am
I could b wrong but in my view All the PA moves to UP impulsively to kill shorts
Patience and MM
  • #9,750
  • Jan 20, 2012 12:07am Jan 20, 2012 12:07am
Quoting egkid
I could b wrong but in my view All the PA moves to UP impulsively to kill shorts
Patience and MM
It may be m8, i made position due to bullish alignment on the chart and PA retesting support. However I put 1/3 of normal entry and only 27 pips loss that equals 9 pips of my standard lot size. My advice is ALWAYS to lower lot size for ANY trade that has a SL > 20.

If i get stopped out i may reverse the position going with levels.
  • #9,751
  • Jan 20, 2012 12:09am Jan 20, 2012 12:09am
Aussie usd..4 hr chart.. looks to be setting its self up to run to me.. similsr picture day... 1 hr 30 min..note caught between .618 and day ppx.. worth watching.. nice bullish slant on river..same on others down to 30 min.. looks tradible on 30 min off..34 low line
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  • #9,752
  • Jan 20, 2012 12:15am Jan 20, 2012 12:15am
Quoting T@rantula
It may be m8, i made position due to bullish alignment on the chart and PA retesting support. However I put 1/3 of normal entry and only 27 pips loss that equals 9 pips of my standard lot size. My advice is ALWAYS to lower lot size for ANY trade that has a SL > 20.

If i get stopped out i may reverse the position going with levels.
Waiting to see this 1H close under 2950 this will b nice for my sell trade
  • #9,753
  • Jan 20, 2012 12:18am Jan 20, 2012 12:18am
Quoting Agro
Hello all.

Another position trade attempt. I am long at 2967. Will post a chart soon showing reasons.
Stopped. Could be a london fake out but gotta draw the line somewhere. Was going to take profits at 2980 but as PA looked strong I did not. Maybe I should have stuck with the plan.
  • #9,754
  • Jan 20, 2012 12:21am Jan 20, 2012 12:21am
still a while for my bar to close, but juicy looking h4 reacting as suspected for the moment
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  • #9,755
  • Jan 20, 2012 12:29am Jan 20, 2012 12:29am
Quoting T@rantula
Maybe a late entry, not risking much

E:2976
S:2950
TP:3020+

Attachment
Stopped out on this. Watching it ready to trigger on confirmation. Switching to river m1. Wont short it yet.
  • #9,756
  • Jan 20, 2012 12:32am Jan 20, 2012 12:32am
Quoting Agro
Stopped. Could be a london fake out but gotta draw the line somewhere. Was going to take profits at 2980 but as PA looked strong I did not. Maybe I should have stuck with the plan.
Lets see, maybe the stop was too tight. I still need confirmation to reverse position. If this goes higher It would mean only 1- Weak stop hunt was in the play.

Patience.
  • #9,757
  • Jan 20, 2012 12:35am Jan 20, 2012 12:35am
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  • #9,758
  • Jan 20, 2012 12:36am Jan 20, 2012 12:36am
Quoting T@rantula
Attachment
12 pips done normal lot size

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  • #9,759
  • Jan 20, 2012 12:38am Jan 20, 2012 12:38am
consolidation false breakout - reason enough to take the short, the renko makes it clear and easy to see
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  • #9,760
  • Jan 20, 2012 12:40am Jan 20, 2012 12:40am
Quoting pipmyride
consolidation false breakout - reason enough to take the short, the renko makes it clear and easy to see
Nice chart. Thought u might remove the wicks. For me its a lot easier to read it w/o any wicks.
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