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  • #20,701
  • Jan 28, 2015 2:53am Jan 28, 2015 2:53am
Quoting EternalNewB
T. do you mind if I have a go on an analysis ? It will help me know if am learning anything EUR-JPY trend is down & we have a confluence between 61.8 fib & H3 Short @ 134.6 with SL @ 135.05 thank you
Could u pls post a chart?
  • #20,702
  • Jan 28, 2015 2:57am Jan 28, 2015 2:57am
Quoting T@rantula
{quote} Could u pls post a chart?

sure

my entry was missed by 3 pips
Attached Image (click to enlarge)
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  • #20,703
  • Jan 28, 2015 3:43am Jan 28, 2015 3:43am
Is there any EA for this blockbuster strategy?
  • #20,704
  • Jan 28, 2015 4:43am Jan 28, 2015 4:43am
AUD being sold off against USD.
  • #20,705
  • Jan 28, 2015 7:09am Jan 28, 2015 7:09am
AU sold, but EU got rejected from POC. It went 60 pips in a profit then it was rejected. Lets see. AU could jump off 7970 region
  • #20,706
  • Jan 28, 2015 7:09am Jan 28, 2015 7:09am
Quoting anuj20jain
Is there any EA for this blockbuster strategy?
Which strategy?
  • #20,707
  • Jan 28, 2015 7:18am Jan 28, 2015 7:18am
Hey T,
Are you saying you think AU will jump above the 7970 area or do you think it will sell there? I am thinking sell with previous price action and the intraday downtrend, and 38.2% fib, but not sure. thoughts?
  • #20,708
  • Jan 28, 2015 7:24am Jan 28, 2015 7:24am
Quoting Pipoholic1
Hey T, Are you saying you think AU will jump above the 7970 area or do you think it will sell there? I am thinking sell with previous price action and the intraday downtrend, and 38.2% fib, but not sure. thoughts?
I think it should jump above 7970. RBA has no reasons for rate cut as trimmed mean went surprisingly above the average and AUD is doing good IMO concerning latest reports.

Now its what it should do, but because the general trend is to the downside it could be also sold off. Take care with this pair.
  • #20,709
  • Jan 28, 2015 7:29am Jan 28, 2015 7:29am
Thanks T!
  • #20,710
  • Jan 28, 2015 8:02am Jan 28, 2015 8:02am
Quoting T@rantula
AU sold, but EU got rejected from POC. It went 60 pips in a profit then it was rejected. Lets see. AU could jump off 7970 region
Hi T,
Would it be reasonable to say that if price comes back to POC that it may try again to reach the target for the move of 1465- bottom of the flat bottom triangle?
I had got out of it at 20 points.
Thanks again for your time,
Kind regards,
Marty
It's not about how much you make, it's about how much you don't lose
  • #20,711
  • Jan 28, 2015 8:05am Jan 28, 2015 8:05am
Quoting martyhype
{quote} Hi T, Would it be reasonable to say that if price comes back to POC that it may try again to reach the target for the move of 1465- bottom of the flat bottom triangle? I had got out of it at 20 points. Thanks again for your time, Kind regards, Marty
Sorry - EURUSD
It's not about how much you make, it's about how much you don't lose
  • #20,712
  • Jan 28, 2015 9:05am Jan 28, 2015 9:05am
Quoting martyhype
{quote} Hi T, Would it be reasonable to say that if price comes back to POC that it may try again to reach the target for the move of 1465- bottom of the flat bottom triangle? I had got out of it at 20 points. Thanks again for your time, Kind regards, Marty
1300-10 could be good for longs but stop should be 50 pips. I recommend 0.5 % risk per trade.
  • #20,713
  • Jan 28, 2015 9:28am Jan 28, 2015 9:28am
@ tarantula: i am requesting for ea of the spider den strategy that people are trading and refering to in this thread.
Is there ny ea that you have developed for this?
  • #20,714
  • Jan 28, 2015 9:40am Jan 28, 2015 9:40am
Quoting anuj20jain
@ tarantula: i am requesting for ea of the spider den strategy that people are trading and refering to in this thread. Is there ny ea that you have developed for this?
No. There is no EA for this method. Its not automated and it cannot be automated.
  • #20,715
  • Jan 28, 2015 9:40am Jan 28, 2015 9:40am
Quoting T@rantula
{quote} 1300-10 could be good for longs but stop should be 50 pips. I recommend 0.5 % risk per trade.
Another rejection.
  • #20,716
  • Jan 28, 2015 9:52am Jan 28, 2015 9:52am
Quoting T@rantula
{quote} Another rejection.
hello how are you ? just want to ask you one question. Is there any indicator that will draw HL auto in any TF ? thanks.
Trend Is Friend
  • #20,717
  • Jan 28, 2015 9:54am Jan 28, 2015 9:54am
Quoting T@rantula
{quote} Another rejection.
Can you please explain how do you manage such trades ? I mean when do you move to BE or trail your stops etc... ? (for scalps)
  • #20,718
  • Jan 28, 2015 9:55am Jan 28, 2015 9:55am
Quoting polatok
{quote} hello how are you ? just want to ask you one question. Is there any indicator that will draw HL auto in any TF ? thanks.
High/Low or?
  • #20,719
  • Jan 28, 2015 9:56am Jan 28, 2015 9:56am
Quoting EternalNewB
{quote} Can you please explain how do you manage such trades ? I mean when do you move to BE or trail your stops etc... ? (for scalps)
I use trail stop most of the time. For example first POC rejection went 60 pips in a profit, I was trail stopped for +40. This second trade now I have my stops on BE+10. I always use manual trailing stop.
  • #20,720
  • Jan 28, 2015 10:00am Jan 28, 2015 10:00am
Quoting T@rantula
{quote} I use trail stop most of the time. For example first POC rejection went 60 pips in a profit, I was trail stopped for +40. This second trade now I have my stops on BE+10. I always use manual trailing stop.
tx ...

really hard to believe I'm still having troubles taking a decent trade with all your help

Thanks T. Highly appreciated
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