Spider's Den | Page 587 | Forex Factory

Options

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

Spider's Den

  • #11,721
  • Feb 23, 2012 5:27am Feb 23, 2012 5:27am
Quoting T@rantula
Attachment

Will manage the trade accordingly.
3296 closing 80 %, i wont be here ill come back in 2h.
  • #11,722
  • Feb 23, 2012 6:09am Feb 23, 2012 6:09am
wheres everyone? T seems to be out on his own...

heres my current short taken.. bit early so had to endure DD also almost hit stop for some pips
30mi nand 5min outlook...

it was a setup to fade the 3300 stops after it rose but was still too realy most stops triggered where i entered lol
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sold_euro_usd.png Size: 17 KB
Click to Enlarge Name: BE+1.png Size: 11 KB
Have I got something on my face, SOLDIER?
  • #11,723
  • Feb 23, 2012 6:17am Feb 23, 2012 6:17am
trade concluded - closed for +26
looks flaggy
Have I got something on my face, SOLDIER?
  • #11,724
  • Feb 23, 2012 6:40am Feb 23, 2012 6:40am
Quoting T@rantula
Here simple naked range bar chart.

There is major W 1 2 3 reversal pattern and sub W a b c which was formed during the acculmulation phase in Asia

I have marked 3 main phases of a market cycle. Yesterday when I talked to Black Widow I said this is horrible....but this is CALM BEFORE THE STORM.

The market has prepared for cycle 1-accumulation.

Four main market phases ( market cycle) 1. accumulation 2.markup 3. distribution 4.markdown

If u remember 3200 was the end of previous market cycle . The new market cycle has started ( explained in the...
I'm not sure if i was clear in previous post because was very busy making Balance sheet in my work LOL here it's what i mean
I don't enter a trade for just a gap it's sign for me and i wait my signal
W and N shape sign for bearish pattern like M bullish pattern that's how i play but after confirmation
In my previous chart i didn't sell w shape because it closed above the top of first leg of W and it already go higher about 50 pip
  • #11,725
  • Feb 23, 2012 7:07am Feb 23, 2012 7:07am
Quoting T@rantula
Attachment

Will manage the trade accordingly.
Im back guys. Closed completely @ 87. +20 total.

I will wait for another setup. Crucial numbers 3320 3330. DAILY CLOSE above 3320 will target 3450.

Lets see NY session.
  • #11,726
  • Feb 23, 2012 7:09am Feb 23, 2012 7:09am
Quoting egkid
I'm not sure if i was clear in previous post because was very busy making Balance sheet in my work LOL here it's what i mean
I don't enter a trade for just a gap it's sign for me and i wait my signal
W and N shape sign for bearish pattern like M bullish pattern that's how i play but after confirmation
In my previous chart i didn't sell w shape because it closed above the top of first leg of W and it already go higher about 50 pip
Yep, i understand now what u mean

I have 2 possible scenarios now. Short as close as to 3320 with stops close to 3330. Above we could see 3350+.

Another scenario is to buy on pullbacks per trend.

If daily closes above 3320, no shorts for me except some small pullback scalps.
  • #11,727
  • Feb 23, 2012 7:31am Feb 23, 2012 7:31am
Quoting T@rantula
Yep, i understand now what u mean

I have 2 possible scenarios now. Short as close as to 3320 with stops close to 3330. Above we could see 3350+.

Another scenario is to buy on pullbacks per trend.

If daily closes above 3320, no shorts for me except some small pullback scalps.
Interested to see US session
  • #11,728
  • Feb 23, 2012 8:33am Feb 23, 2012 8:33am
If 3320 stands firm ( 3330 ultimately) i see 3250 even 3180. Refer to my post and chart above. That is when the movement was initiated. If that is the case 3250 is touched break of it targets 3180, that will be phase 4 mark down-downtrend.

Bollinger bands were pierced, MA crossed along with intraday trendline broken.
  • #11,729
  • Feb 23, 2012 8:44am Feb 23, 2012 8:44am
rejection upper tl, second tl broken, just one to go, bearish cross KS, short @ 3293 sl 3330, tp open
sl at BE
tp 3263
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 2302 4.png Size: 49 KB
  • #11,730
  • Feb 23, 2012 8:52am Feb 23, 2012 8:52am
Quoting huskyboy
rejection upper tl, second tl broken, just one to go, bearish cross KS, short @ 3293 sl 3330, tp open
sl at BE
If i hadnt closed my short trade earlier ( 3307>3287), id go for 3250. If it breaks, call me crazy id target 3180.
  • #11,731
  • Feb 23, 2012 8:56am Feb 23, 2012 8:56am
Quoting T@rantula
If i hadnt closed my short trade earlier ( 3307>3287), id go for 3250. If it breaks, call me crazy id target 3180.
ok fine with me tp 3250, sl BE

thanks
  • #11,732
  • Feb 23, 2012 9:11am Feb 23, 2012 9:11am
Quoting huskyboy
rejection upper tl, second tl broken, just one to go, bearish cross KS, short @ 3293 sl 3330, tp open
sl at BE
tp 3263
second time today market takes me out with a nice profit, its suerely not my day

like i said entering is one, beeing in the trade .....

finished here
  • #11,733
  • Feb 23, 2012 9:21am Feb 23, 2012 9:21am
Quoting huskyboy
second time today market takes me out with a nice profit, its suerely not my day

like i said entering is one, beeing in the trade .....

finished here
Are u in profit? Ur ok then. I could have got more but well, going short ( counter trend now ) is vs overall daily trend.

There are 3 things a trader can do in these situations.

Scale out put a SL at BE, or scale out and leave SL intact or going for a full TP after putting the trade at BE after +20,30 pips.
  • #11,734
  • Feb 23, 2012 9:47am Feb 23, 2012 9:47am
Bearish sentiment in play on the H4 RSI

Quoting Kambooj
Here are the targets from H4, based on the move from H1. Reason for choosing H4, is because on H1 after 3186 on February 20th the structure resembels a triangle, and I am taking this to be a strong thrust upwards, so H4 is the better time frame for target.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_H4.jpg Size: 153 KB
  • #11,735
  • Feb 23, 2012 9:54am Feb 23, 2012 9:54am
Quoting Kambooj
Bearish sentiment in play on the H4 RSI
All below 3320 is bearish. DAILY NEEDS to close above 3320 for next wave of bulls.

London is closing soon, i need additional confirmation to go short again
  • #11,736
  • Feb 23, 2012 10:01am Feb 23, 2012 10:01am
3270 is intraday support. Last swing has made it definitely.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 93 KB
  • #11,737
  • Feb 23, 2012 10:03am Feb 23, 2012 10:03am
Ok based on what I see, i am shorting this.

E:3308
S:3330
TP:3250
TP2:3180

Taking the trade with only 22 pips stop.
  • #11,738
  • Feb 23, 2012 10:21am Feb 23, 2012 10:21am
NO Rush
Let PA time Take it's time to UP.
Next Ranging zone till Asia 1.33 - 1.3360
Again Watch 1.3420 Yearly PVT Carefully.

I could b wrong but this how i see it.
  • #11,739
  • Feb 23, 2012 10:25am Feb 23, 2012 10:25am
Quoting egkid
NO Rush
Let PA time Take it's time to UP.
Next Ranging zone till Asia 1.33 - 1.3360
Again Watch 1.3420 Yearly PVT Carefully.

I could b wrong but this how i see it.
EOD trade for me. Overall 30 pips today, if I lose this it will be around 10, so am not bothered.

However if it comes to final TPs, that would be a huge bonus for this month.
  • #11,740
  • Feb 23, 2012 12:01pm Feb 23, 2012 12:01pm
Quoting dbfusion
keep your longs

just keep swimming , just keep swimming

Inserted Video
Attached Image (click to enlarge)
Click to Enlarge Name: swimming.jpg Size: 62 KB
I SEE YOU !!
1 trader viewing now