Spider's Den | Page 583 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Spider's Den
Exit Attachments

Spider's Den

  • #11,641
  • Feb 22, 2012 2:51am Feb 22, 2012 2:51am
closed my position longs yesterday @ 1.323: +200pips on each trade open, 400 in total.
Today I was contemplating to be flat, watch and see but put a short on pullback at 1.325, SL @ BE now, TP 1.318
  • #11,642
  • Feb 22, 2012 3:03am Feb 22, 2012 3:03am
Quoting T@rantula
Ill be taking a short.

E:3233
S:3263
TP:3180

Just a bit scaling out 3220, as this needs to be broken for further continuation.
  • #11,643
  • Feb 22, 2012 3:07am Feb 22, 2012 3:07am
Yes,
I saw the pattern on M5, had a pending order at 1.325 but it went down too fast and only got triggered on the retest of neckline
my LTL is at 1.322

Quoting T@rantula
Attachment
  • #11,644
  • Feb 22, 2012 3:18am Feb 22, 2012 3:18am
Quoting BrunargarFx
Yes,
I saw the pattern on M5, had a pending order at 1.325 but it went down too fast and only got triggered on the retest of neckline
my LTL is at 1.322
U had a very good entry.

I prefer to go countertrend using a combination of indies ( Bollinger bands+MAs) and price action methods ( Equidistant channel, Trendline break).
  • #11,645
  • Feb 22, 2012 3:20am Feb 22, 2012 3:20am
Quoting BrunargarFx
closed my position longs yesterday @ 1.323: +200pips on each trade open, 400 in total.
Today I was contemplating to be flat, watch and see but put a short on pullback at 1.325, SL @ BE now, TP 1.318
Very good! Imagine that now with 1:10 leverage
  • #11,646
  • Feb 22, 2012 3:40am Feb 22, 2012 3:40am
Would be nice.

So far so good, i'm definitely getting more consistent in bigger wins and smaller losses.


Closed my short - not confident about it

Quoting T@rantula
Very good! Imagine that now with 1:10 leverage
  • #11,647
  • Feb 22, 2012 3:48am Feb 22, 2012 3:48am
Quoting BrunargarFx
Would be nice.

So far so good, i'm definitely getting more consistent in bigger wins and smaller losses.


Closed my short - not confident about it

Quoting T@rantula
Just a bit scaling out 3220, as this needs to be broken for further continuation.
Hmmmm...me 2 ...

Total of +13 points for me too. If we were not so range bound and if it wasnt for German auction I may have let it run further, dont like when price is SO stuck in 20 pip range.
  • #11,648
  • Feb 22, 2012 3:49am Feb 22, 2012 3:49am
I am just going to play the breakout of symmetrical triangle on H1:

Break of 1.322: I go short (TP 1.318 but it will go deeper in that case, possibly 1.314) if bounce back up, I'll take a long.
Break of 1.326, I go Long (won't take another short as counter trade TP: 1.332, possibly 1.338
  • #11,649
  • Feb 22, 2012 4:00am Feb 22, 2012 4:00am
Quoting T@rantula
Ill be taking a short.

E:3233
S:3263
TP:3180
..yeah me 2..3235
  • #11,650
  • Feb 22, 2012 4:02am Feb 22, 2012 4:02am
Quoting danc
..yeah me 2..3235
I have scaled out at 3220 and closed the 2nd part at BE for total of 13 pips.

Still if it wasnt so range bound and prone to auction news I would have hold it more.

It still might work out to the TP though, just b careful.
  • #11,651
  • Feb 22, 2012 4:06am Feb 22, 2012 4:06am
Yes,
For me it's no man's land right now
Quoting T@rantula
I have scaled out at 3220 and closed the 2nd part at BE for total of 13 pips.

Still if it wasnt so range bound and prone to auction news I would have hold it more.

It still might work out to the TP though, just b careful.
  • #11,652
  • Feb 22, 2012 4:14am Feb 22, 2012 4:14am
I would like to suggest something...
Wait for the break out unless you are a 1 min scalper...

Let it break the zone between 1.3260 and 1.3220 it may be a long wait..
We dont know where it is going why be in 50/50 mode..

We have to be in atleast 20/80 mode
German bond auction...awaited...

I am not even charting this...
Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,653
  • Feb 22, 2012 4:29am Feb 22, 2012 4:29am
Quoting T@rantula
I have scaled out at 3220 and closed the 2nd part at BE for total of 13 pips.

Still if it wasnt so range bound and prone to auction news I would have hold it more.

It still might work out to the TP though, just b careful.
out for 4 points cause IndexUd.come back
  • #11,654
  • Edited 5:13am Feb 22, 2012 4:42am | Edited 5:13am
Quoting BlackWid0w
I would like to suggest something...
Wait for the break out unless you are a 1 min scalper...

Let it break the zone between 1.3260 and 1.3220 it may be a long wait..
We dont know where it is going why be in 50/50 mode..

We have to be in atleast 20/80 mode
German bond auction...awaited...

I am not even charting this...
Regards
BW
Slightly lower then expected result of German bonds auction.

Its the battle between bears and bulls. Bears know that below 3220 and very important 3200 PA is prone to target 3120.Bulls are struggling to keep 3220 intact.

3260 breakout is indeed important for bulls as it will cancel short term shorts. Break of 3260 targets 3320 where 3290 is important resistance zone.
  • #11,655
  • Feb 22, 2012 4:47am Feb 22, 2012 4:47am
Quoting BlackWid0w
I would like to suggest something...
Wait for the break out unless you are a 1 min scalper...

Let it break the zone between 1.3260 and 1.3220 it may be a long wait..
We dont know where it is going why be in 50/50 mode..

We have to be in atleast 20/80 mode
German bond auction...awaited...

I am not even charting this...
Regards
BW
Agree , Still no trade for me today
how can i trade if my chart say 50% - 50% direction!
  • #11,656
  • Feb 22, 2012 4:53am Feb 22, 2012 4:53am
Quoting BrunargarFx
closed my position longs yesterday @ 1.323: +200pips on each trade open, 400 in total.
Today I was contemplating to be flat, watch and see but put a short on pullback at 1.325, SL @ BE now, TP 1.318
great entry on the long, great entry on the short
  • #11,657
  • Feb 22, 2012 4:54am Feb 22, 2012 4:54am
Thanks Husky
But I closed the shot at 1.322 as it wasnt breaking
I am now flat, playing the breakout either side
Quoting huskyboy
great entry on the long, great entry on the short
  • #11,658
  • Feb 22, 2012 5:09am Feb 22, 2012 5:09am
short 3236 sl be
  • #11,659
  • Feb 22, 2012 5:10am Feb 22, 2012 5:10am
Quoting egkid
Agree , Still no trade for me today
how can i trade if my chart say 50% - 50% direction!
Absolutely correct...No trade for me either...wait for the money to be on the table instead of trying to pick it up from the floor :-)

Wise decision..

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #11,660
  • Feb 22, 2012 5:12am Feb 22, 2012 5:12am
Quoting huskyboy
short 3236 sl be

Huskyboy
No trades like this please on forum.. If it is an update please quote the post
Thank you very much for your co-operation

When I start a live trading room may be will give entries like this


Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
8 traders viewing now