Spider's Den

Cant believe it...again...entry missed by 5 pips...

As if they knew i was gonna sell at 3280

Sir buy my lucky fish and u will b fine

haha, give one bro....really it looks market is out of sync...i mean...5 pips???

It's most Tricky sneaky PA today
Not easy chess game today
I try Drive as safer as i can
Take care bro

Thanx mate...cant undone what has happened...at least it would have been 30 pip trade..safe bet..

Seems like it.

If 3245 break we will go further up, stops should be placed just below 25. Reverse for break of 25...stops just a bit above 45

Here is my view...

Im so bored by the range, im done for the day. Nothing to trade last few hours as 3280 was missed by mere 5 pips.

For those who are trading pay attention to 45 and 25 breakouts/retests

Just got back.


Well the potential trade was valid.

Mate, it seems circles are false...dunno if should rely on it...Most of it are wrong..

Hi guys, other positions closed automatically at 1.325: +110
flat now (still not at my trading desk but would have not entered anyway). Was thinking this may reverse but we passed my levels and if 1.3289 is taken, I will wait for pullback to reload long.

If you dont constantly draw them as the market moves, they can cause confusion, and frustration

Just like straight trendlines can be confusing if one is stubborn to accept only 1 view.

Because circles have regions, as opposed to straight lines, then it makes it much more difficult to analyze. (West, East, North, South, NW,NE,SW,SE, Plus a Center Area=9 Regions)

So what you are looking at when you use circles is to draw as many as you can, and each would tell you part of the story, if you have 75% of the circles giving you the same direction, then you can use that.

Yesterday I said that its gonna drop to 2950, today it went the other way to 3280, but still within the resistance of another circle on the hourly time frame. Direction is still down at this point, but I am not trading it, since I need more confirmation from my lines and circles.

At 3480 level, they were definetly telling the end of a move.

Hi folks,

I'm back to my trading desk. Had a good day overall. Entered Long yesterday @ 1.3146 and reloaded at 1.318. Covered the latter @ 1.323 for +50 and closed the first trade @ 1.325: +104 for the second. Not bragging, but happy to share since I rarely experience that.



Now like most of you, i was hoping to be able to fade this upmove but it's not happening.

So I have been mulling over today's move with the view to plan my next setup (dont want to jump the gun and loose any hard earned pips). I also wanted to know why we did not reach 1.3075 or 1.3054 before a rebound.

So I came up with the following chart on daily. As you can see there may be a H&S pattern forming... (within a down trend - channel between red lines, which is also within another downtrend channel but you cant see that on that chart).


For as long as 1.332 holds (1.333 is a stronger res but then it's not a H&S, is it?) we could have more downside.

May be further continuation north overnight and NFP bringing the whole thing down? (since Bearish move is still preferred R:R)


So, I'm wondering how to plan this (given that i won't Long at this level without confirmation or short now as we've broken 1.328 without greeks news)


Option 1: wait for 1.332 to be reached and sell upon rejection
Option 2: Sell on break of neckline (1.312?)
Option 3: wait for break of 1.332 - 1.333 and buy on retrace

Let me know if this makes sense to you.

I am short the EU/UD at 13275.. my stop is 35 points above hi at 13330.. reason and chart later

Tommorow is nfp,so i wont trade before it.

Morning T
IF you can post your points today for G/U will b cool
Thanks

Morning all,
Good catch, What's your TP?

Tentative long at 1.323, SL 1.322, TP:1.3310
May close it on retest of 1.3225 (and revert to a short)

Although we broke the LTL of yesterday's move, momentum should have gone through 1.3225. Not convinced of further move down, at least not yet. Looks like an expected pullback from yesterday's move. But need clean break of 1.324 for further continuation North

Just touched the LTL of yesterday's upmove.
SL amended to BE

S/O @ BE