Spider's Den

Details as shown in TABLE

Triangle config with break-points above 1.4332 - 1.4402 zone or below 1.4106 - 1.4036 zone ...

Stops above 1.4427 zone ...

Daily Trend = Bearish

3 Day Trend = Bearish

Weekly Trend = Neutral



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Yep I'd hold onto all shorts, this is not going to stop anywhere soon.

Will watch China CPI for a possible retracement in the Aussie and Kiwi, else all supports gone, next is parity.

ASX open now, it's crazy, Asian markets should start leading now and not following EU-US bloodbath...

At first they will follow negative stance from NYSE ...

They do have panic because of possible recession in USA ...

Obama will have to take some decisions tomorrow ...

Und ich persönlich glaube nicht, dass hier ein EUR/USD-Blutbad vorliegt ...

Ebensowenig fürchte ich mich vor weiteren ernsthaften Kursverlusten beim Aussie oder Kiwi !

Wenn die Nacht am schwärzesten ist ... dann ist der nächste Morgen bereits nah ...



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Yeah I meant EU-US markets, not the pair. It's unreal to see RIO Tinto shares plummet after posting record profits in astronomic figures. This has to stop, my pension is on the line

Ahh ... ok ok ...

Agreed then ...

We do have higher projections for Aussie and Kiwi btw ...

Within next 24 - 48 hours 1.03 or even higher in AUD ...

Even better outlook in NZD ...

Take care ...



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Parity has been hit, slightly rejected at 0.9999 but only 40 pips retrace, double tested... Kiwi slipped below 0.80

If Aussie slips below $1 next big level to watch 0.9813

Nice 200 pips on gold after ASX reversed losses and closed positive.

Hey guys im a little bit late. Sorry but overslept a bit.

E: 4240
S: 4272
TP: 4150

+ 30 stops at BE now

BE hit. +30 final.

Morning,

my levels for today:

1,44750 - 1,44625
1,42875 - 1,42750 <-- Most important
1,41500 - 1,41375
1,40500 - 1,40375

4150 could be done today

Good morning fellow traders!

Normally I do not post here what I have got from somewhere else ... specially then if the provider doesn't want that his premium material is being shared with you guys. And they did complain about sharing here. But this is an exeption only ... and only a small part of his work is shown here ... nothing else ...

But today I do make an exeption and show a partial remark from Francis Bray referring EUR/USD pair ... as he obviously uses similar methods than we use ... for estimations of daily situations ...

He wrote as follows:

Intraday EUR/USD: Further gains towards 1.4290 are expected, as the market becomes trapped between 1.4055 and 1.4432. The immediate focus will be to the upside, and a break above resistance at 1.4250 would open the 1.4290 area initially, then 1.4358 thereafter. A setback below Monday's 1.4129 low is required to put EUR bears in control, exposing 1.4055 and the 1.4000 level.


Weekly chart EUR/USD trend: Range.




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fucking boring....

right now i favor the upside but a couple of my tools say we might be capped above so... waiting...

Hi Everybody,

I am back after a decent break and now seems like the volatility at an all time high.

I have seen a lot of posts and plenty of new traders...join the thread and would like to say thanks a lot for your participation...

We would like to once again repeat ....

A post which does not follow the rules of

The Main three components ie
1.Chart
2.Logic
3.Entry,Exit and Stop loss

Will be deleted and banned from further posting on this thread..
I am totally against any random posting...

I appreciate your hard work and want this thread to be an example..

Regards
Black Widow

yup, Daily, weekly and monthly Pivot points just above us. could be fun, with this accumulation below, if we break higher... monitoring closely

Trends in Euro-zone yield spreads, especially for Italy, Spain, Belgium and France will continue to be extremely important for the Euro.

ECB action on peripheral bonds will again be watched very closely

Comments from German politicians will need to be monitored very closely

Wider trends in risk appetite and equity markets will also be extremely important for currency markets

Markets will continue to be on alert over further intervention to weaken the yen and Swiss franc

Wider G7 comments on currencies will need to be monitored during the day

Long

now monitoring if it was a failed break above. will change side imediatly if we come back inside the 2SD channel.

Morning FX Ray.....

Hope all is well my friend....
Is this a stratergy what does this mean to us.....
This thread if for Trading buddy so place your trade with the rules as discussed as we spend a lot of time explaining every entry and exit....

Appreciated have a good day