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  • #2,981
  • Aug 27, 2012 8:52am Aug 27, 2012 8:52am
Quoting xmzhang
There were very nice traps in play though, had the 1st beartrap on my radar but missed my entry due to work obligations
Despite what I said, I'm in short EURUSD 10m Bull trap in search of financial independence:
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  • #2,982
  • Aug 27, 2012 9:07am Aug 27, 2012 9:07am
Quoting 5.25
Despite what I said, I'm in short EURUSD 10m Bull trap in search of financial independence:
you .................
Pipcrawler
  • #2,983
  • Aug 27, 2012 9:12am Aug 27, 2012 9:12am
Quoting 5.25
Despite what I said, I'm in short EURUSD 10m Bull trap in search of financial independence:
watch it my friend, now a beartrap setup in play and price is compressed
Attached Image (click to enlarge)
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Pipcrawler
  • #2,984
  • Aug 27, 2012 9:19am Aug 27, 2012 9:19am
Quoting Balhana
Sold EA at 1.2051
Closed 2/3 1.2041 for +20 pips. Maybe add one more short depending on PA.
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  • #2,985
  • Aug 27, 2012 9:24am Aug 27, 2012 9:24am
Quoting 5.25
Despite what I said, I'm in short EURUSD 10m Bull trap in search of financial independence:
  • #2,986
  • Aug 27, 2012 9:24am Aug 27, 2012 9:24am
Quoting xmzhang
watch it my friend, now a beartrap setup in play
Thanks fo the heads up

Already took 3/4 profit at 1.2510, would have been a good FTB setup too although the previous swing low at around 10:30 made me think it wouldn't be worth playing as the FLR would have been too close.

Remaining 1/4 was 0.8 pips close to getting stopped... still in but will probably get hit.
  • #2,987
  • Aug 27, 2012 10:11am Aug 27, 2012 10:11am
Quoting Balhana
Closed 2/3 1.2041 for +20 pips. Maybe add one more short depending on PA.
Added one short at the same price (1.2051).
Attached Image (click to enlarge)
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  • #2,988
  • Aug 27, 2012 11:04am Aug 27, 2012 11:04am
Quoting Balhana
Added one short at the same price (1.2051).
Snail pace today because of bank holiday in the UK....
  • #2,989
  • Aug 27, 2012 11:18am Aug 27, 2012 11:18am
Quoting xmzhang
you .................
Quoting Balhana
Well, I can just sit here and do nothing...
  • #2,990
  • Aug 27, 2012 11:35am Aug 27, 2012 11:35am
FTB

Can anybody tell me the reasoning behind these types of occurances (Chart)?

I was planning to take a FTB short on the DAX at 7,008 only for price to sail through. This level was later respect when it was tested as support and was good for a FTB long. Why did the short entry fail?

I remember discussing this long ago but obviously need reiterating.
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  • #2,991
  • Aug 27, 2012 12:08pm Aug 27, 2012 12:08pm
Quoting 5.25
FTB

Can anybody tell me the reasoning behind these types of occurances (Chart)?

I was planning to take a FTB short on the DAX at 7,008 only for price to sail through. This level was later respect when it was tested as support and was good for a FTB long. Why did the short entry fail?

I remember discussing this long ago but obviously need reiterating.
I don't know how you discussed this. Just my thought.

EDIT: Maybe you could draw more defined zones in lower time frames... I can't see DAX chart.
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  • #2,992
  • Aug 27, 2012 12:22pm Aug 27, 2012 12:22pm
Quoting Balhana
Snail pace today because of bank holiday in the UK....
Toooo slow. Closed the rest (2 lots) at 1.2044 for +14 pips (+34 pips in total). Calling it a day...
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  • #2,993
  • Aug 27, 2012 9:13pm Aug 27, 2012 9:13pm
Sold EN at 1.5460
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  • #2,994
  • Aug 27, 2012 10:57pm Aug 27, 2012 10:57pm
Quoting Balhana
Sold EN at 1.5460
The powerful typhoon called Bolaven hit the Korean peninsula today.... The storm is expected to pass near Seoul a few hours later...

A strong wind and heavy rain.... but I'm trading.

EN is still hovering near my entry.
Attached Image (click to enlarge)
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  • #2,995
  • Aug 27, 2012 11:01pm Aug 27, 2012 11:01pm
A similar bull trap setup on GN. Go short? Hmmm....
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  • #2,996
  • Aug 28, 2012 1:47am Aug 28, 2012 1:47am
Quoting Balhana
A similar bull trap setup on GN. Go short? Hmmm....
GN - short at 1.9530 on possible bull trap.
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  • #2,997
  • Aug 28, 2012 2:12am Aug 28, 2012 2:12am
Quoting Balhana
The powerful typhoon called Bolaven hit the Korean peninsula today.... The storm is expected to pass near Seoul a few hours later...

A strong wind and heavy rain.... but I'm trading.

EN is still hovering near my entry.
Closed 2/3 at 1.5440 for +40 pips.
Attached Image (click to enlarge)
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  • #2,998
  • Aug 28, 2012 2:54am Aug 28, 2012 2:54am
Quoting Balhana
Closed 2/3 at 1.5440 for +40 pips.
Rest of EN got stopped out at 1.5475 for -15 pips (+25 pips in total).
  • #2,999
  • Aug 28, 2012 3:21am Aug 28, 2012 3:21am
Quoting Balhana
GN - short at 1.9530 on possible bull trap.
GN got stopped out at 1.9545 for -15 pips (-45 pips in total).
  • #3,000
  • Aug 28, 2012 5:09am Aug 28, 2012 5:09am
sold fiber for a scalp, PB @ demand and RSI waaay overbought
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Pipcrawler
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