Spider's Den | Page 77 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Spider's Den
Exit Attachments

Spider's Den

  • #1,521
  • Aug 5, 2011 4:26am Aug 5, 2011 4:26am
Quoting stulic
The 50% fibo of 1.4577-1.3836 hi-lo sits at 1.4206 and conveniently, yesterday's 1.4371 high to today's 1.4055 low 50% retracement points to 1.4213
Those two might mean something to some
Thanx - lemmy looky looky ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,522
  • Aug 5, 2011 4:30am Aug 5, 2011 4:30am
4195 should cap the upside. 4110 below that is valid again.
  • #1,523
  • Aug 5, 2011 4:40am Aug 5, 2011 4:40am
Quoting T@rantula
4195 should cap the upside. 4110 below that is valid again.
Yes ... yesterdays break-point ... 1.4195 ... and has been previous days DPS-1 ... still some influence on a day after ...

That's the reason why my tables do show both pivotal rows ... intraday currently and previous day ...

Both do have some merits ...

And yes Stulic ... 50% level sits there ... at 1.4208 with mine as you can see ...

Here in an eight hours chart view ...

Moreover 1.4208 is an extention in my Elliott projection as well ...

Therfore as a kind of second RES considered ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-05 _ (11h30 CET) EUR-USD _ 480min _ 000 candle 140-500-30.GIF Size: 79 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,524
  • Edited 4:58am Aug 5, 2011 4:45am | Edited 4:58am
1.4130-40 is the support on H1...a close above it and we might go above 1.4200...ideally the next big resistance 1.4260-70
COT: The precious data ignored
  • #1,525
  • Aug 5, 2011 5:02am Aug 5, 2011 5:02am
There are many ways ... we can look at it ...

Here is a four hour chart with some trend channel and other kind of fib-lines ...

This makes it so interesting ...

At least I do not trade with charts based models ...

But I like to play with them a little ...

"Human beings" like to watch the mkts with TWO EYES ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-05 _ (11h56 CET) EUR-USD _ 240min _ 000 candle 119-500-20.GIF Size: 70 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,526
  • Aug 5, 2011 6:21am Aug 5, 2011 6:21am
Quoting kuroro001
1.4130-40 is the support on H1...a close above it and we might go above 1.4200...ideally the next big resistance 1.4260-70
Hey Kuroro, welcome aboard ) I agree with u
  • #1,527
  • Aug 5, 2011 6:23am Aug 5, 2011 6:23am
Brilliant work T@rantula. Well done

SHold we include the Gold fixes to it?


Quoting T@rantula
Europe- The main trading session and the HUB of Forex trading.

FRANKFURT opens at 7 AM. Strategy: Exploit the main ASIA direction. If Asian trend was up we can consider long trades, if it was down then look for short trades.

LONDON opens at 8 AM. It is the HUB of Forex trading. 33-35 % of all Forex volume is traded in London. That makes London the highest volume trading central - 33 % of all FX trading... Breakout strategy is exploited.

!!!PROFIT TAKING!!! 11 AM -12 PM. This is important in my trading strategy. London noon...
  • #1,528
  • Aug 5, 2011 6:25am Aug 5, 2011 6:25am
agree with 1.42 but lots of obstacules on my book at that area (195, 202, 208, 212 (big one)).

1.4245-50 is the next big area for me but i still don't think we will get there IMHO

i am long and have tp at 1.42 and was thinking of turning there. too soon?

green pips, K, T and everyone else

Quoting T@rantula
Hey Kuroro, welcome aboard ) I agree with u
dreams do come true.
  • #1,529
  • Aug 5, 2011 6:26am Aug 5, 2011 6:26am
Quoting stulic
What scenarios can we expect after NFP?

If ADP is confirmed and we see some slight improvement (90-100K), this would put some pressure on troubled Euro.

Above 100K which is highly unlikely, would definitely be the signal to long the greenback across all pairs except precious metals. In that case E/U could end the week below 1.3840

Anything between 80-90K would give us the usual jittery-jattery yakady-juck with hundreds of pips up and down until emergence of a clear direction hours later. Could go either way but repeat of yesterday is more...

Ill be waiting for the volatility to settle. Wont trade NFP now in August. Then I might catch a trend and place entries accordingly.
  • #1,530
  • Aug 5, 2011 6:31am Aug 5, 2011 6:31am
Quoting BrunargarFx
Brilliant work T@rantula. Well done

SHold we include the Gold fixes to it?
TBH just play the levels and put stops accordingly. I really never watch gold as USDx is the main DRIVE of all price action where USD is one of the pairs. Most of forex trading is based in USD so USD is calculated in every pair.

I dont need gold.
  • #1,531
  • Aug 5, 2011 6:43am Aug 5, 2011 6:43am
Quoting wannaberich
agree with 1.42 but lots of obstacules on my book at that area (195, 202, 208, 212 (big one)).

1.4245-50 is the next big area for me but i still don't think we will get there IMHO

i am long and have tp at 1.42 and was thinking of turning there. too soon?

green pips, K, T and everyone else
Hmm need to see NFP, as volatility will fade until NFP.
  • #1,532
  • Aug 5, 2011 6:58am Aug 5, 2011 6:58am
Even better.
Thanks for your posts - they are very useful
Quoting T@rantula
TBH just play the levels and put stops accordingly. I really never watch gold as USDx is the main DRIVE of all price action where USD is one of the pairs. Most of forex trading is based in USD so USD is calculated in every pair.

I dont need gold.
  • #1,533
  • Aug 5, 2011 7:00am Aug 5, 2011 7:00am
just hope that this doesn't happen AT nfp. now i am expecting 70 then Fakie up to 4200 or beyond some, then resume downer but BEWARE this is just guess work LOL.

so, as a proper trader, i am sidelines for now

Edit: got sled at be on the long. that's why i am on the side lines now...

Quoting T@rantula
Hmm need to see NFP, as volatility will fade until NFP.
dreams do come true.
  • #1,534
  • Aug 5, 2011 7:08am Aug 5, 2011 7:08am
Quoting wannaberich
just hope that this doesn't happen AT nfp. now i am expecting 70 then Fakie up to 4200 or beyond some, then resume downer but BEWARE this is just guess work LOL.

so, as a proper trader, i am sidelines for now

Edit: got sled at be on the long. that's why i am on the side lines now...
We will see. The price may violently spike UP then down on good NFP numbers.
  • #1,535
  • Aug 5, 2011 7:09am Aug 5, 2011 7:09am
Adjust your stops within latest minute ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-05 _ (14h06 CET) EUR-USD _ 015min _ 001 candle 190-504-30.GIF Size: 67 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,536
  • Aug 5, 2011 7:13am Aug 5, 2011 7:13am
question is how high!

Let's make a bet: if you get the fakie number i will pay the beers when you come to Portugal. if i get the number you pay the beer when i visit Serbia!

my bet on a fakie up is 1.4212 and a fakie down is 4110.

what's yours?

Quoting T@rantula
We will see. The price may violently spike UP then down on good NFP numbers.
dreams do come true.
  • #1,537
  • Aug 5, 2011 7:15am Aug 5, 2011 7:15am
ok M,

so we got your bets: 4119 and 4186 (DPP, right)

guess that either we will get a visit from you or we will also have to go to germany!

Quoting mercy seat
Adjust your stops within latest minute ...



;-|
dreams do come true.
  • #1,538
  • Aug 5, 2011 7:24am Aug 5, 2011 7:24am
Faites vos jeux!




;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-08-05_00h00 - ZigZag + Pivot Survey _ EURUSD _ REOPEN _ W-31.PNG Size: 126 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #1,539
  • Aug 5, 2011 7:27am Aug 5, 2011 7:27am
Quoting wannaberich
question is how high!

Let's make a bet: if you get the fakie number i will pay the beers when you come to Portugal. if i get the number you pay the beer when i visit Serbia!

my bet on a fakie up is 1.4212 and a fakie down is 4110.

what's yours?
Dunno mate now, I cant predict, Ill react accordingly.

I was never good in gambling, but reasoning is my stronger side; )

Ill pay a beer or 10 lol no problems.
  • #1,540
  • Aug 5, 2011 7:28am Aug 5, 2011 7:28am
Sterling with an early move broke through 1.6300
Don't get mad, get even!
11 traders viewing now