Spider's Den | Page 614 | Forex Factory

Options

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

Spider's Den

  • #12,261
  • Mar 6, 2012 4:20am Mar 6, 2012 4:20am
Got filled a bit late, as I made MARKET ORDER not PENDING but still good for fast tenner, could have been 15 pips but ok

Hope u have played out this as suggested above.

Attached Image (click to enlarge)
Click to Enlarge Name: eu1.jpg Size: 66 KB


Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 66 KB
  • #12,262
  • Mar 6, 2012 4:23am Mar 6, 2012 4:23am
U see....what happened when 3165 broke....Price @ 3135 currently..Fast drop, stops collected.
  • #12,263
  • Mar 6, 2012 4:32am Mar 6, 2012 4:32am
Gap Closed.
http://www.forexfactory.com/attachme...8&d=1330690047
  • #12,264
  • Mar 6, 2012 4:34am Mar 6, 2012 4:34am
EU Long from yesterday in some DD -22 atm for eu long but not yet at SL.

went long EURJPYbased on fib bar count and 45 degrees of price and divergnece
Attached Image (click to enlarge)
Click to Enlarge Name: LONG_EJ_2.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Long_EJ.png Size: 42 KB

Distance is 90 pips (2 pips away from fib number 88)
Have I got something on my face, SOLDIER?
  • #12,265
  • Mar 6, 2012 5:12am Mar 6, 2012 5:12am
Hourly pivots:

EURUSD 3150 USDCHF 0.9170 AUDUSD 1.0591 GBPUSD 1.5774

BB later.
  • #12,266
  • Mar 6, 2012 5:21am Mar 6, 2012 5:21am
3115 in sight. possible good support here.
  • #12,267
  • Mar 6, 2012 5:28am Mar 6, 2012 5:28am
close 2/3 at +15
left rest running at BE+1

looks double bottom-ish
Attached Image (click to enlarge)
Click to Enlarge Name: current_EJ.png Size: 24 KB
Have I got something on my face, SOLDIER?
  • #12,268
  • Mar 6, 2012 5:35am Mar 6, 2012 5:35am
Aha
reached my target and +31 on last 1/3
Attached Image (click to enlarge)
Click to Enlarge Name: reached_final_.png Size: 31 KB
Have I got something on my face, SOLDIER?
  • #12,269
  • Mar 6, 2012 7:00am Mar 6, 2012 7:00am
Just came back.

I will make a long entry countertrend again with 1/2 normal position size.

E: 1.3145
S: 1.3113
TP: 1.3240 ( projected London top)
  • #12,270
  • Mar 6, 2012 7:10am Mar 6, 2012 7:10am
EGkid's Pm is off - but i promised him some analysis on the AUD and what i think about it

http://timingthemarket.weebly.com/2/...se-is-the.html

It is pretty long to be posted here.. but its at my blog above. For EG and anyone else interested.

on top of that - i went long on aud 1.0597
and gold on 1690.75
Have I got something on my face, SOLDIER?
  • #12,271
  • Mar 6, 2012 7:20am Mar 6, 2012 7:20am
Quoting bumapatria
EGkid's Pm is off - but i promised him some analysis on the AUD and what i think about it

http://timingthemarket.weebly.com/2/...se-is-the.html

It is pretty long to be posted here.. but its at my blog above. For EG and anyone else interested.

on top of that - i went long on aud 1.0597
and gold on 1690.75
Buma, pls dont post links to external blogs. Thank you
  • #12,272
  • Mar 6, 2012 7:33am Mar 6, 2012 7:33am
apologies T.. not trying to commercialize my blog or anything - has no ads or moneymaking evil scheeme etc...
ok ill post my view here as briefly as i can here
There is a TL and that is where price is currently, and ive put up some Fib bar counts and it points to the time of around today or tommorow. And Price seems right for a rise..
ive posted before about the 1.0600 level being important broken penetrated north-side by bulls and retested. BPC of a level u can call it i guess.

Bar count chart + TL
Attached Image (click to enlarge)
Click to Enlarge Name: AUd_bar_count.png Size: 65 KB


Levels + Hidden divergence of the trend sighted
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_Sq9.png Size: 42 KB


Square of 144. For those unfamiliar with this tool, its a geometric tool for price and time to gauge "price and time" spots of where turns are most likely. the 1x1 line (Red) is the balancing line of the trend and also u can see some time divisions (verticals) showing a low possbily in the creation around the "Trendline"
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_Square_of_144.png Size: 48 KB







again sorry Tata bout the earlier post. and sorry to make it extremely long this one. dont mean to clutter your thread either... but i want to post it so that it could be understood so i added a few explanations.
my intentions at the den was never to junk, clutter or reverse its purpose..
Have I got something on my face, SOLDIER?
  • #12,273
  • Mar 6, 2012 7:48am Mar 6, 2012 7:48am
Ok, the reasons I took a long trade are explained in the chart. I usually go with the trend. I use Bollinger Bands with MA and TL solely for COUNTERTREND intraday swings. That is what I have learned from Mr.John Bollinger himself.

U need to apply MM always. Today I got 20 pips mostly by scalping EU ( break of 3165) and USDCHF.

I am risking 32 pips with 1/2 standard entry size for this particular trade and that gives me a total risk of 16 full entry size 1/1 pips. So even if it hits SL i will still be in a small profit for this day. The target is precalculated London top.

Attached Image (click to enlarge)
Click to Enlarge Name: eeea.png Size: 153 KB


The positive sides of BB counter trend trades are good r:r and a very good w/l ratio in ranging / full ATR market conditions.

The downside is that it fails when it comes to trend. Still markets are mostly ranging and many times I have got good trades with it.
  • #12,274
  • Mar 6, 2012 8:01am Mar 6, 2012 8:01am
Hi T.
Very good explanations and levels, thanks for sharing.
Also see ranging coming up (LTL @ 1.3118). If USDX is rejected from 79.8 then we may have a DT forming in USDX with neckline @ 79.68 (at the time of writing this).

We haven't reached the aTR with Euro atm and 1.3115 would be a great place for a rejection too.

NY in 30mins.


Quoting T@rantula
Ok, the reasons I took a long trade are explained in the chart. I usually go with the trend. I use Bollinger Bands with MA and TL solely for COUNTERTREND intraday swings. That is what I have learned from Mr.John Bollinger himself.

U need to apply MM always. Today I got 20 pips mostly by scalping EU ( break of 3165) and USDCHF.

I am risking 32 pips with 1/2 standard entry size for this particular trade and that gives me a total risk of 16 full entry size 1/1 pips. So even if it hits SL i will still be in a small profit for this day. The target...
  • #12,275
  • Mar 6, 2012 8:03am Mar 6, 2012 8:03am
Quoting BrunargarFx
Hi T.
Very good explanations and levels, thanks for sharing.
Also see ranging coming up (LTL @ 1.3118). If USDX is rejected from 79.8 then we may have a DT forming in USDX with neckline @ 79.68 (at the time of writing this).

We haven't reached the aTR with Euro atm and 1.3115 would be a great place for a rejection too.

NY in 30mins.
yes LTL 3118, also BW confirmed. May add long to cover at 3118. But my 7 days ATR has been overshot..
  • #12,276
  • Mar 6, 2012 8:09am Mar 6, 2012 8:09am
Same here.
Will put a long @ 1.312

Quoting T@rantula
yes LTL 3118, also BW confirmed. May add long to cover at 3118. But my 7 days ATR has been overshot..
  • #12,277
  • Mar 6, 2012 8:09am Mar 6, 2012 8:09am
Long EJ once more.
Attached Image (click to enlarge)
Click to Enlarge Name: LONG_EURJPY.png Size: 32 KB
Have I got something on my face, SOLDIER?
  • #12,278
  • Mar 6, 2012 8:23am Mar 6, 2012 8:23am
Someone stop Gold from Falling
  • #12,279
  • Mar 6, 2012 8:28am Mar 6, 2012 8:28am
Quoting egkid
Someone stop Gold from Falling
my view about gold
100$ drop since it
http://www.forexfactory.com/attachme...3&d=1330022609
  • #12,280
  • Mar 6, 2012 8:29am Mar 6, 2012 8:29am
Last line of demand..
Long @ 1.312, SL 1.311, TP: 1.3238
Below this level it will tank albeit 1.305 may prove a stronger support than 1.315.
5 traders viewing now