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Spider's Den

NEW EURUSD analysis READ IT HERE
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just passing by to say thankīs T y have my ome startegy (keep an eye on yours as wel ) good results as a said before y will low my risk as the acount is growing .
y can make 100% eatch eyar if market moves , man same mastakes have been made because as a truck driver y donīt have internet all the time .
keep on caming T very big hug to you and all the people thaīt have corage to put free stuff here .
be calm be patient and logic
Hi guys, I have just made a blog entry - "7 Awesome Trading Movies You Need to See". Check it- I have also reviewed my favourite - The Wolf of Wall Street
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Quoting T@rantula
Hi guys, I have just made a blog entry - "7 Awesome Trading Movies You Need to See". Check it- I have also reviewed my favourite - The Wolf of Wall Street {image}
Margin call was my favorite. its just got Lehman written all over it....
We live in a finite world with infinite possibilities.
Quoting fxtyrant
{quote} Margin call was my favorite. its just got Lehman written all over it....
Exactly....Lehman associated But, the humor in Wall Street, sarcasm ...was so good to watch
Hi respected fellow traders,

New interview with FXstreet has been posted

'Expect a slow Fed rate hike pace, EURUSD may experience bi-directional move' - Nenad Kerkez, Admiral Markets
The GBPUSD has made another upside bullish swing and is currently in retracement towards POC.FED's meeting on Wednesday is the most important meeting this week and we might see huge volatility on Wednesday. We should focus on intraday setups now and we should manage the trades with Profit Stops. The GBPUSD has been more resilient than EURUSD so we might see some opposite correlation. Be sure to always check current correlation with Admiral Markets Supreme Edition tool.
Technically the pair has made a bullish swing after a bearish move and its getting close to POC zone. POC zone is 1.5090-1.5105 (Bullish order block, historical buyers, E89, 50.0) and the rejection might target 1.5150 and 1.5200. H3 camarilla weekly PP -1.5300 could be reached only on high volatility. However if the pair drops below L4 confluence 1.5055- it could create a breakout setup towards 1.5000 again
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Quoting T@rantula
The GBPUSD has made another upside bullish swing and is currently in retracement towards POC.FED's meeting on Wednesday is the most important meeting this week and we might see huge volatility on Wednesday. We should focus on intraday setups now and we should manage the trades with Profit Stops. The GBPUSD has been more resilient than EURUSD so we might see some opposite correlation. Be sure to always check current correlation...
+30 now!
Last week - more than 150 pips combined . Trades of the week EURUSD GBPUSD

Sign up for today's session recap
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Hey Tarantula,

I would love your expert opinion on the immediate price targets for the EURUSD under the following scenario's and ahead of the US Fed Funds rate decision later tonight:
1. No rate hike, and no hint of rate hike in near future.
2. No rate hike, but a hint of a rate hike in near future.
3. 25Bps rate hike, but no future guidance of further rate hikes.
4. 25Bps rate hike, and some guidance on step by step rate hikes in near future.
5. 50Bps rate hike, and some guidance on step by step rate hikes in near future.

What do you think would be the immediate price targets (even a range) on EURUSD under each of those scenarios?

Your thoughts appreciated, difficult question, but I'm sure the Best FX trader has a good view on this.

Cheers
PC
Quoting PariCovek
Hey Tarantula, I would love your expert opinion on the immediate price targets for the EURUSD under the following scenario's and ahead of the US Fed Funds rate decision later tonight: 1. No rate hike, and no hint of rate hike in near future. 2. No rate hike, but a hint of a rate hike in near future. 3. 25Bps rate hike, but no future guidance of further rate hikes. 4. 25Bps rate hike, and some guidance on step by step rate hikes in near future. 5. 50Bps rate hike, and some guidance on step by step rate hikes in near future. What do you think would...
Hi Pari

My opinion is:

1.1.1250 soon and 1.15-1.2000 near future
2. 1.1250 soon 1.15 near future
3. Bi-Directional move 1.0850-1.1050
4. 1.0850 possible and a drop below
5. 1.0462 and parity in 2016
Quoting T@rantula
{quote} Hi Pari My opinion is: 1.1.1250 soon and 1.15-1.2000 near future 2. 1.1250 soon 1.15 near future 3. Bi-Directional move 1.0850-1.1050 4. 1.0850 possible and a drop below 5. 1.0462 and parity in 2016
Excellent thanks T!
Quoting PariCovek
{quote} Excellent thanks T!
You are welcome G
Please note that these moves should happen just before,during and after the actual announcement as well as during the conference itself. We expect HUGE volatility and risks are much higher than usual.

As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap webinar provided a 100 pip+ rejection as we saw the perfect drop from 1.1050 zone. Today we will witness a historical FOMC meeting where we could see the first change of rates since the end of 2008 and the first increase in official rates since mid 2006.
Technical levels have been very clear and today we should also pay attention to important zones/levels. As we can see in the chart the pair has been trapped within a slightly sloped upward channel with a mini channel inside it which has been broken to the downside. The pair is sitting at support while EMA89 is holding it from further upside. There are 2 scenarios which could happen JUST BEFORE, DURING and AFTER the announcement as well as during the conference itself. Please not that I expect HUGE volatility and that we might see a bi-directional movement again.
If EURUSD breaks 1.1060 to the upside we could see 1.1125 and 1.1240. The downside break below 1.0920 could expose 1.0850 and 1.0740. Intraday positioning is not advised this time. Markets are expecting 25 bps rate hike, and some guidance on step by step rate hikes in near future. But there are also other options such as: No rate hike, and no hint of rate hike in near future, 25 bps rate hike, but no future guidance of further rate hikes which are less likely but MAY happen. The volatility will probably fade pre FOMC and will resume just before the announcement.
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Hey T,

First of all thank you for drafting a great analysis on EUR/USD and hosting an amazing webinar earlier today, it was very useful.

However, I have a slightly unrelated question to the current market moves.
As the holidays are approaching, many traders won't be able to work at their "regular" desks and, hence, to me it seems that I'd need to review a few web trading platforms. I have stumbled upon a platform that is not so common - UTIP​, and so far I am quite happy with it.

While it allows some technical analysis, it also fully runs in your web browser. I feel that it is a great platform for the starters as you don't need to download and install an app, but you can still have a some indicators without feeling drawn in 100+ of the options.

Have you ever tried this platform?
Do you use web traders at all?
How do you trade when you are away from your regular trading machine?
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Quoting T@rantula
Please note that these moves should happen just before,during and after the actual announcement as well as during the conference itself. We expect HUGE volatility and risks are much higher than usual. As I have already explained in the article and my last EURUSD analysis the EURUSD has been bi-directional without any clear trend except some range bound trading and selling on rallies. Last Session Recap...

The first target has been hit!
Quoting T@rantula
{quote} Hi Pari My opinion is: 1.1.1250 soon and 1.15-1.2000 near future 2. 1.1250 soon 1.15 near future 3. Bi-Directional move 1.0850-1.1050 4. 1.0850 possible and a drop below 5. 1.0462 and parity in 2016
Very accurate suggestions, looks like we got a mix of outcome 3 and 4, and your projections are spot on of course
The GBPUSD failed to make a sustained move higher after a good UK data which indicates that the bearish trend is intact and that there are interests to sell the pair on rallies. Technically the pair is in downtrend and we can see a bullish divergence at L4 camarilla DPP so we could see a retrace for next leg of selling. First POC is BR POC which stands for Breakout-Retest Point Of Confluence. 1,4955-65 is the zone which could reject the pair towards daily lows and ultimately towards L5 daily support - 1.4855.
If the pair proceeds higher than BR POC and we see a 4 hour close above L3 zone- 1.4965 we could see a retracement towards positional POC ( DPP.H3,E89,historical sellers) - 1.5015-35. Positional POC is used for intraday swings and if the price gets there another leg of selling should tank the pair towards 1.4955 and 1.4855.
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Quoting PariCovek
{quote} Very accurate suggestions, looks like we got a mix of outcome 3 and 4, and your projections are spot on of course
Thanks mate!! Was indeed a spot on
Hi Nenad,

I have been following you for a while and I must say you are doing a great job here. I see that you are using an accu pivot point indicator. Can you please share it? Thank you.

Andrei
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