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Spider's Den

Hey Mate

Great 2 see you in your own home, finally you have open the thread, best of luck mate, will be watching this very closely.....
Quoting Munal
Hey Mate

Great 2 see you in your own home, finally you have open the thread, best of luck mate, will be watching this very closely.....
Yes, thanx mate. Feel free to post here and discuss the trades. Black Widow is also here and we both will do the best we can.
Nice to see you starting your own thread. Wishing you much success and I hope it becomes a great resource for newbies to learn how it is done properly.
  • Post #44
  • Quote
  • Edited 6:38pm Jul 6, 2011 5:48pm | Edited 6:38pm
Quote
RSI range between 60 and 20 is considered BEARISH and between 80 and 40 is bullish. We had a range shift yesterday, Ill post that later.
As [email protected] has mention of RSI Shifting between 60 and 20 is considered BEARISH and between 80 and 40 is bullish

When price moves from 80 to 20 its called a shift changing...... n

One of the chart of shift changing...........

I hope [email protected] will come with much much more concept with RSI ....
Attached Image (click to enlarge)
Click to Enlarge Name: shiftchange.jpg Size: 153 KB
Quoting bbakker
Nice to see you starting your own thread. Wishing you much success and I hope it becomes a great resource for newbies to learn how it is done properly.
Thanx. Newbies and experienced traders. All are welcome. We will do it properly.
Quoting Munal
As [email protected] has mention of RSI Shifting between 60 and 20 is considered BEARISH and between 80 and 40 is bullish

When price moves from 80 to 20 its called a shift changing...... n

One of the chart of shift changing...........

I hope [email protected] will come with much much more concept with RSI ....
Exactly...we will talk about RSI also. As a leading indicator it gives us early calls, but also we need to know how to apply it correctly.
Here is the chart Attatched...

Euro Sell Zone is between 1.4350-1.4360 with a stop at 1.4375
The Chart is attatched..
Bear Flag still in play
Regards Black Widow
Attached Image (click to enlarge)
Click to Enlarge Name: euro sell.gif Size: 22 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
Quoting BlackWid0w
Here is the chart Attatched...

Euro Sell Zone is between 1.4350-1.4360 with a stop at 1.4375
The Chart is attatched..
Bear Flag still in play
Regards Black Widow
Great chart and entry point BW.

I agree RSI also says down, as we have 2 negative reversals followed by a positive divergence which has made some retracement
Here as Black Widow said. My RSI chart also support the shorts. Red lines are negative reversals while blue ones are divergences. In downtrend im looking for negative reversals.

We are + 27 pips currently. I will scale out securing the profit and put 1/3 to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: eu6.png Size: 28 KB


Projected PA is 4300 and 4255
+ 37 atm. Bear flag which Black Widow posted was supported by RSI reversal in downtrend.
Low was 4294, retest of 4300 in play, closed partially at 95 for + 46. I will let just one tiny part running as stops are at BE
Nice won Tarantula...
Trade Update:
I am holding this one booked and scaled out on the way ...as we have ecb...
But not really saying much ...Went on the eu thread 70% were long ..
Scary..very scary..

Next point 58 we should be contained by that ....

Regards
Black Widow
Be sensitive to subtle differences between 'intuition' and 'into wishing.
great work on the thread tarantula... will allow everyone to follow your methods closely... thanks for the opportunity
Quote
Rules:
1. Charts
2. Logic
or no posting..

subscribed
Hero calls followed by margin calls...
good morning and happy birthday for your forum...very good idea
Quoting jaylovin
great work on the thread tarantula... will allow everyone to follow your methods closely... thanks for the opportunity
You are welcome Jay...Feel free to post here.. We will discuss every trade we can.
Bravo Majstore

congrat. on your new thread.. mate..

all the best
Good day friends!

And welcome...

We are having bid rate decision today. My opinion is also...No rate hike...

Why? We had a bad PPI number. As you already know good PPI number counts for higher inflation thus CB need to raise the rates in order to keep price and currency stability. We have had a set of bad data for EUR also PPI...

Market may already have that priced in so...there is no rate hike IMHO.

Just to make sure as we dont know it yet, keep all of your intraday trades on BE.
Quoting Piters
Bravo Majstore

congrat. on your new thread.. mate..

all the best
Thanks bro! Welcome and have a beer
Quoting [email protected]
Good day friends!

And welcome...

We are having bid rate decision today. My opinion is also...No rate hike...

Why? We had a bad PPI number. As you already know good PPI number counts for higher inflation thus CB need to raise the rates in order to keep price and currency stability. We have had a set of bad data for EUR also PPI...

Market may already have that priced in so...there is no rate hike IMHO.

Just to make sure as we dont know it yet, keep all of your intraday trades on BE.
pewpew....hard to comment on... i guess we will see a nice sell-off if they dont gonna hike it because all are heavy ''rate hike to 0,50 biased'' .....
anyway actually they need to hike it soon or later....

lets c
Hero calls followed by margin calls...
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