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Spider's Den

  • #15,521
  • Aug 31, 2012 4:55am Aug 31, 2012 4:55am
Morning ..
Just woke up and see this ah.. Well have to wait for a drop to buy some...
  • #15,522
  • Aug 31, 2012 5:01am Aug 31, 2012 5:01am
Quoting Vladimir1987
Morning ..
Just woke up and see this ah.. Well have to wait for a drop to buy some...
8 am gmt +1 was the time when uptrend started. Thats good for positional traders. For trend following traders it wasnt good as there was NO retracement so we couldnt have bought it on time.

Positional trading and trend following is not the same in core because we ( trend followers) tend to enter on retracement. When there is no retracement ( 2nd swing) no trade. So i missed the move althou as u already know my analysis showed 2600+
  • #15,523
  • Aug 31, 2012 7:48am Aug 31, 2012 7:48am
Quoting T@rantula
Hello guys and Vladimir,

As I explained yesterday, price still looks it might touch 2600+ and the dips have been bought.

4h turned bullish but the main thing is, when 2530 has been broken ( Asia session) it hasnt retraced much and the dip has been bought. This gives me a bullish outlook of EURUSD price action and if the price goes above 2590 2635-40 is a target.
Quoting T@rantula
Good morning guys.


Again we have a range bound PA, but the problem is the bears also dont have strength for closing below 2440 which is very important for a continuation of market bearish bias.

I would have said it again about 2600 if 2530 had held. But it was broken yesterday and now upward continuation is in question. 2575 is major intraday resistance.

Again...if 2575 breaks then 2600 and 263 are targets where monthly and weekly resistances are.

Weekly bullish target has been done. And im glad analysis was accurate.
  • #15,524
  • Aug 31, 2012 7:53am Aug 31, 2012 7:53am
Quoting T@rantula
8 am gmt +1 was the time when uptrend started. Thats good for positional traders. For trend following traders it wasnt good as there was NO retracement so we couldnt have bought it on time.

Positional trading and trend following is not the same in core because we ( trend followers) tend to enter on retracement. When there is no retracement ( 2nd swing) no trade. So i missed the move althou as u already know my analysis showed 2600+
The great respect for the word = leverage would be the key for today .

Sitting back and commenting is easy but today all the big guns here specially in FF are having a great test i would say . as said above [leverage [/b]would be the key because at some point in time EU has to turn down side . but till which point this rally may extend , may be merkel and draghi would have a better Idea . be carefull
finding A M S
  • #15,525
  • Aug 31, 2012 8:46am Aug 31, 2012 8:46am
Quoting prashant7
The great respect for the word = leverage would be the key for today .

Sitting back and commenting is easy but today all the big guns here specially in FF are having a great test i would say . as said above [leverage [/b]would be the key because at some point in time EU has to turn down side . but till which point this rally may extend , may be merkel and draghi would have a better Idea . be carefull
What do u mean by leverage? The point is I always do my analysis before I trade, then I mark up the levels I have calculated and enter when time is right.

The leverage vs risk shouldnt be more then 2 % overall total.
  • #15,526
  • Aug 31, 2012 8:53am Aug 31, 2012 8:53am
Quoting T@rantula
What do u mean by leverage? The point is I always do my analysis before I trade, then I mark up the levels I have calculated and enter when time is right.

The leverage vs risk shouldnt be more then 2 % overall total.
The simple meaning is risk and money management . As i said leverage would be the key because many traders are shorting it and averaging this pair so you know if the leverage is more than 1:50 or 100 then with this volatility coming may blow the account and then go down creating great frustrations . i was referring to other great and main traders who also are shorting this pair from 1.22 all the way till 1.26 and averaging okay and not about your analysis i know you never go with more than 1:33 .
finding A M S
  • #15,527
  • Aug 31, 2012 9:08am Aug 31, 2012 9:08am
I dont know if i should post after a trade but here it is.
Went short since it was so much buying around. The reason i took this candle was because of the level- above the R2.
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-31_1604.jpg Size: 72 KB
  • #15,528
  • Sep 1, 2012 12:54am Sep 1, 2012 12:54am
Quoting Vladimir1987
I dont know if i should post after a trade but here it is.
Went short since it was so much buying around. The reason i took this candle was because of the level- above the R2.
Attachment
Here we go . coming levels would be as the monthly candle closed bullish .

the pair may fill those gaps left around 1.29 and 1.3... also. so first of all

PA should break and hold 1.2626 to 1.266.. levels . which is not at all easy . then if it managed to do so ( with a retrace ) then comes the main TL of the downtrend around 1.27.. to the edge of 1.28 . while this has a good control some news or any funny statement from likes of draghi can take the pair to 1.28 also so there comes the 50% fib . and i can't go further because some news may bring this down by that time ( any ways will mention the strong levels - 1.2857 and 1.295.. ) Dow and other index are set to fly high and make new highs so every thing is possible . coming to the down side of the pair . there is a possibility of testing 1.243.. and 1.24.. also in the coming week such that if it holds and bounces to the new high then no hopes until 1.3.. But if 1.244 becomes resistance and we move to the down side then we may see the continuation of bearish move further as 1.225.. would interrupt for some reason but not for long time . have to see that this bullish candle is sign for further move up or its just a trap to web the noobs who fall into it .
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDailyh.png Size: 35 KB
finding A M S
  • #15,529
  • Sep 3, 2012 4:01am Sep 3, 2012 4:01am
Be very cautious, todays is not real day for trading due to US holiday ( Labor day).
  • #15,530
  • Sep 4, 2012 2:50am Sep 4, 2012 2:50am
Until 6th of September we will have ranging market. My advise is to buy pullbacks. Potential target is 2660 where 2636 is first resistance.

For selling setups potential trade is to short 2620 with 25 pips stop loss and target 2580-2560.

Afterwards we should buy the dip.
  • #15,531
  • Sep 4, 2012 8:34am Sep 4, 2012 8:34am
Quoting T@rantula
Until 6th of September we will have ranging market. My advise is to buy pullbacks. Potential target is 2660 where 2636 is first resistance.

For selling setups potential trade is to short 2620 with 25 pips stop loss and target 2580-2560.

Afterwards we should buy the dip.
First setup target has been hit. Good for 40 + pips, now watch for buy setups if any.

Traders who got 40 and more are finished for this day.

I wont be able to post much until the beginning of October, but I will update analysis and free trade setups on daily basis each morning.
  • #15,532
  • Sep 6, 2012 7:54am Sep 6, 2012 7:54am
Quoting T@rantula
Until 6th of September we will have ranging market. My advise is to buy pullbacks. Potential target is 2660 where 2636 is first resistance.

For selling setups potential trade is to short 2620 with 25 pips stop loss and target 2580-2560.

Afterwards we should buy the dip.
The target has been hit as per analysis.
  • #15,533
  • Sep 6, 2012 8:20am Sep 6, 2012 8:20am
Quoting T@rantula
The target has been hit as per analysis.
you have been rare here in this thread . still on with the vacation
finding A M S
  • #15,534
  • Sep 7, 2012 3:05am Sep 7, 2012 3:05am
Quoting prashant7
you have been rare here in this thread . still on with the vacation
I will be absent till app. 5th of October .I will be doing my apartment renovation, it takes time to do it right. Until 15 of September ill be posting setups and analysis, and around 5th-10th of October I will be back posting as usual.
  • #15,535
  • Sep 7, 2012 3:09am Sep 7, 2012 3:09am
We have a possible continuation to 2750 level, buy the dip is ok @ 2650-2637
Selling could be done anywhere between 2680, 2700 for a limited amount of pips as a countertrend/ retracement trade.

Stops shouldnt be more then 20 pips. Be aware of NFP today.
  • #15,536
  • Sep 7, 2012 7:42am Sep 7, 2012 7:42am
Quoting T@rantula
We have a possible continuation to 2750 level, buy the dip is ok @ 2650-2637
Selling could be done anywhere between 2680, 2700 for a limited amount of pips as a countertrend/ retracement trade.

Stops shouldnt be more then 20 pips. Be aware of NFP today.
2750 has been touched 2835 is next target
  • #15,537
  • Oct 1, 2012 8:26am Oct 1, 2012 8:26am
Hi Guys,
Hope you are keeping all well. I've been away from FF for a while. I have refocused my efforts on gold atm.
Will be back when T. returns
B.
  • #15,538
  • Oct 1, 2012 4:18pm Oct 1, 2012 4:18pm
Hey guys

Ill be back in 10 days approximately. Levels, Signals, setups, we will cover everything. I appreciate your patience and hope we will have excellent communication as always.

See you soon

T
  • #15,539
  • Oct 10, 2012 8:06am Oct 10, 2012 8:06am
Hello guys,

All has been set and done now, i'll resume trading tomorrow, and we start as usual. Trades, Trade setups, Levels, all will be provided as usual.

T
  • #15,540
  • Oct 10, 2012 8:11am Oct 10, 2012 8:11am
GOOD....
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