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Attachments: Spider's Den
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Spider's Den

Quoting [email protected]
USDJPY has been put in a heavy range waiting for FOMC. H1 chart shows no obvious movement , but watching H4 we can spot Higher Lows near the support of both intra month and intra week trend lines along with 78.6-88.6 deep retracement. 118.40 (L3) is interim support and as long as it holds USDJPY could bounce to 119.75 region ( H4, 23.6, upper trend line ). Only the break of 118.40 could tank the pair down to 117.90. So there is a possibility that USDJPY will be bought from current levels. {image}
This is going as planned, bought on dips as presumed
Quoting [email protected]
{quote} This is going as planned, bought on dips as presumed
you are the man T thank´s
be calm be patient and logic
As the recent FOMC statement was neutral to dovish, the strong US employment data overnight edges the US closer to a rate hike.

For those interested in understanding what a rate hike has done to US Equities in the past, please refer to my earlier post below in another thread:
http://www.forexfactory.com/showthre...21#post8165321

The key message during US rate hikes - US Equities became choppy, but they still went up over the following months.
For those interested in seeing the negative correlation effects of the EUR/USD on the Dax, please refer to the following:


http://www.forexfactory.com/showthread.php?p=8238915#post8238915
Quoting PariCovek
For those interested in seeing the negative correlation effects of the EUR/USD on the Dax, please refer to the following: http://www.forexfactory.com/showthread.php?p=8238915#post8238915
Quoting PariCovek
As the recent FOMC statement was neutral to dovish, the strong US employment data overnight edges the US closer to a rate hike. For those interested in understanding what a rate hike has done to US Equities in the past, please refer to my earlier post below in another thread: http://www.forexfactory.com/showthre...21#post8165321 The key message during US rate hikes - US Equities became choppy, but they still went up over the following months.
Thanks !
Morning all
i wanna share a lesson i have learn in last 3 weeks

1 psychological situation really effect the trader and make him emotional and less concentrate

2 to have a plan / idea / view for ur trading is great but always keep in mind "market = Change"
all about change so don't let ur plan holding and control u Always b ready for change and possibility 4 this

watch out 1340 , 1450 e/u
Quoting egkid
Morning all i wanna share a lesson i have learn in last 3 weeks 1 psychological situation really effect the trader and make him emotional and less concentrate 2 to have a plan / idea / view for ur trading is great but always keep in mind "market = Change" all about change so don't let ur plan holding and control u Always b ready for change and possibility 4 this watch out 1340 , 1450 e/u
Exactly , i agree with you. Psychological profile is very important. You might have a great method/system but if you fail to deliver that psychological moment, it will be hard to manage the drawdown. Money management / Risk management is of utmost importance
USDJPY is continuing its uptrend and latest breakout of the trend line which sits at W 1 2 3 pattern has confirmed strong bullish momentum. Going long on pullbacks seems viable option now and we can see 2 possible zone. POC ( previous buyers-blue rectangle, 50.0, DPP ) at 119.20 could be next level for long positions but also POC2 (intra week inner trendline, L3, 61.8 ) at 119.00 could provide long opportunity in the case 119.20 breaks to the downside. 120.10 is te region where USDJPY should be heading towards.

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Thanks for info! Creating order now
EURUSD is making head and shoulders variant 2 pattern and judging from historical price action vs now moment price action 1.1145 seems to be crucial for both bulls and bears. 1.1145 ( L4, previous buyers-break out, neckline ) if taken out , might lead the price down to 1.1030-1.1015 region. While the price holds above 1.1145 there is still possibility for price to touch 1.1230 and 1.1270. MACD shows neutral to bearish bias but right now 1.1145 stands as support.

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Quoting nolimitz
Thanks for info! Creating order now
Hey Tarantula, I’ve been trying various trading strategies last month, and I came across this one http://forexbonuslab.com/forex-1-min...ping-strategy/, which seems working fine for me. What do you think of it? How it can be improved?
Quoting nolimitz
Hey Tarantula, Ive been trying various trading strategies last month, and I came across this one http://forexbonuslab.com/forex-1-min...ping-strategy/, which seems working fine for me. What do you think of it? How it can be improved?
Hi Nolimitz...Hmm, i need to check it. It looks ok but it is for newbie traders.
Be wary of CASH rate announcement later this night. AUDUSD will be experiencing a huge volatility. I might try to fade the move - upspike if it happens 0.7900 short with 40 pip SL.
Quoting [email protected]
Be wary of CASH rate announcement later this night. AUDUSD will be experiencing a huge volatility. I might try to fade the move - upspike if it happens 0.7900 short with 40 pip SL.
Successful news trade

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Quoting [email protected]
EURUSD is making head and shoulders variant 2 pattern and judging from historical price action vs now moment price action 1.1145 seems to be crucial for both bulls and bears. 1.1145 ( L4, previous buyers-break out, neckline ) if taken out , might lead the price down to 1.1030-1.1015 region. While the price holds above 1.1145 there is still possibility for price to touch 1.1230 and 1.1270. MACD shows neutral to bearish bias but right now 1.1145 stands as support. {image}
Break of 1.1145 was fruitful. EURUSD behaved well.
EURUSD 1.1070-1.1015 is the zone for longs. If we get a daily/H4 close below 1.1010 the bias would change.
GBPUSD broke above 1.5165 and currently it stands in bullish territory. Services PMI data release ( 8:30 GMT ) will provide additional momentum and volatility to the pair. We need to look for specific zones in this occasion. 1.5105-1.5160 is NEUTRAL territory. If GBPUSD drops to DPP - 1.5160 and rejects it could reach 1.5265 and 1.5300 subsequently. Trend line which we also see on the chart give additional room to potential bullish development -1.5400 but from intraday perspective we should pay attention to above mentioned levels. Between 1.5160 and 1.5105 in NEUTRAL territory and if the pair drops below 1.5105 it could tank down to 1.5050.

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Quoting [email protected]
GBPUSD broke above 1.5165 and currently it stands in bullish territory. Services PMI data release ( 8:30 GMT ) will provide additional momentum and volatility to the pair. We need to look for specific zones in this occasion. 1.5105-1.5160 is NEUTRAL territory. If GBPUSD drops to DPP - 1.5160 and rejects it could reach 1.5265 and 1.5300 subsequently. Trend line which we also see on the chart give additional room to potential bullish development -1.5400 but from intraday perspective we should pay attention to above mentioned levels. Between 1.5160...
70 pip jump from DPP
green T ; ) send to you an email whit the discricion of the indicator i woul like for you to send me ; )
as y have told you you have show it on the seminar 15 1pril 2015 sow we can see the strong weak correncie thank´s
be calm be patient and logic
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