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  • #2,401
  • Sep 3, 2011 10:58am Sep 3, 2011 10:58am
Hello Everybody,

Here are my thoughts on the current situation on the euro..
Now we have an overall Picture we should be able to trade without any fear knowing what the expected range should be.

Intraday and 4 hourly charts to be posted with entries and exits..

Have a lovely weekend
Black Widow.

P.s Thank you very much to all the dedicated spiders den posters for keeping up the hard work..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdweekly.gif Size: 33 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,402
  • Sep 3, 2011 11:31am Sep 3, 2011 11:31am
Quoting BlackWid0w
Hello Everybody,

Here are my thoughts on the current situation on the euro..
Now we have an overall Picture we should be able to trade without any fear knowing what the expected range should be.

Intraday and 4 hourly charts to be posted with entries and exits..

Have a lovely weekend
Black Widow.

P.s Thank you very much to all the dedicated spiders den posters for keeping up the hard work..

Good stuff here!
Do your time and enjoy the ride...
  • #2,403
  • Edited 5:43am Sep 4, 2011 5:30am | Edited 5:43am
My Explanation and view:

Here we go.. I have explained my Weekly view already:
Now lets zoom into the 4 hourly Chart:
The main things that stand out to me:
1. It took 8 days to fall 400 pips-Box 1
2.It took 16 days to build up 400 pips-Box 2
3.It took 3 days to fall 400 pips
( Clearly a bearish market)
4.Where do we sell next cant get much clearer Sell all rallies to the 4 hour trendline..ie about 1.4300 ish
5.Where do we buy as close to the 4 hourly Lower trendline..
Have created the buy and sell zones to give indication..

Below is the chart to explain it all

Regards
Black Widow
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hourly euro.gif Size: 32 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,404
  • Sep 4, 2011 5:46am Sep 4, 2011 5:46am
Quoting BlackWid0w
My Explanation and view:

Here we go.. I have explained my Weekly view already:
Now lets zoom into the 4 hourly Chart:
The main things that stand out to me:
1. It took 8 days to fall 400 pips-Box 1
2.It took 16 days to build up 400 pips-Box 2
3.It took 3 days to fall 400 pips
( Clearly a bearish market)
4.Where do we sell next cant get much clearer Sell all rallies to the 4 hour trendline..ie about 1.4300 ish
5.Where do we buy as close to the 4 hourly Lower trendline..
Have created the buy and sell zones to give indication..

Below...

No comment. Everything is said. Excellent work buddy.
  • #2,405
  • Sep 4, 2011 7:11am Sep 4, 2011 7:11am
really informative .................
Quoting BlackWid0w
Dear all,

All in all we have started the month of september and now the trading resumes..

My first chart on GU

Good Luck to all the members that have posted and traded through august..personally august not for me..

Regular Posting from Monday

Regards

BlackWidow
not euphoria follower
  • #2,406
  • Edited 7:44am Sep 4, 2011 7:15am | Edited 7:44am
just a quick view on euro..here goes..lol

i think it very tricky..i support long looking at the chart..its very range bound at the moment..we sitting on a major support zone

4hr is showing this support is being respected

see charts

edit typo..on dailly retest hasnt occurred..lol
typo :-on monthly last month candle, indecision bar
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: chart3.jpg Size: 126 KB
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  • #2,407
  • Sep 4, 2011 7:28am Sep 4, 2011 7:28am
Quoting nAVIN2007
just a quick view on euro..here goes..lol

i think it very tricky..i support long looking at the chart..its very range bound at the moment..we sitting on a major support zone

4hr is showing this support is being respected

see charts
Good Work Navin...Cable and Aussie chart to follow..
Clean and simple views nice one

1qu5an..Thanks for your comments..we strive to achieve perfection..(the most important word "Together")

Have a lovely Week ..

Thanks T for your comments...Let this be the killer week
Spidersden is now open...for Business

Regards
BlackWidow
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,408
  • Sep 4, 2011 7:33am Sep 4, 2011 7:33am
Quoting BlackWid0w
Good Work Navin...Cable and Aussie chart to follow..
Clean and simple views nice one

1qu5an..Thanks for your comments..we strive to achieve perfection..(the most important word "Together")

Have a lovely Week ..

Thanks T for your comments...Let this be the killer week
Spidersden is now open...for Business

Regards
BlackWidow
thanks bro!!
  • #2,409
  • Edited 7:53am Sep 4, 2011 7:35am | Edited 7:53am
Here is cable 4 hourly on cable...

Regards

Black Widow
Attached Image (click to enlarge)
Click to Enlarge Name: 4 hourly cableNew.gif Size: 30 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,410
  • Sep 4, 2011 7:37am Sep 4, 2011 7:37am
Quoting BlackWid0w
My Cable Chart is in progress please bear with me another 10 mins...:-)
  • #2,411
  • Sep 4, 2011 8:06am Sep 4, 2011 8:06am
Dear all,

I would like to make a few comments about my charts..
As you all know we place entries and exits on live trading days but for this it is neccessary for us to do our homework..so that we dont have to do hopework in the trading days..

Most of the entries for intraday trades are taken close to Trendline and at the end or the beginning of the bearish or bullish zones to gain maximum risk reward..

Also We have different type of traders here (Scalpers, Swing,Seasonal etc etc)

A very good example is Navin here can wait upto several days to a couple of weeks for his trades to come through but he risks 50-100 pips to gain 300 pips where as I use sl of upto 20 to gain 40 pips..on scalps, Tarantula has 3 trades a day and plays intra-day trend swings,
so he uses 40 pip sl to gain 100 pips or +..

If you decide to follow any trades Understand the way a trader trades before jumping on to the individual trades...
Learn the attributes of the traders that post here and it will help you add to your collection of trading stratergies..
At the end of this month
We will try and consolidate our trading stratergies as per the differnent traders and post them on here.

Have a lovely day

Regards
Black Widow
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,412
  • Sep 4, 2011 8:14am Sep 4, 2011 8:14am
Quoting BlackWid0w
Dear all,

I would like to make a few comments about my charts..
As you all know we place entries and exits on live trading days but for this it is neccessary for us to do our homework..so that we dont have to do hopework in the trading days..

Most of the entries for intraday trades are taken close to Trendline and at the end or the beginning of the bearish or bullish zones to gain maximum risk reward..

Also We have different type of traders here (Scalpers, Swing,Seasonal etc etc)

A very good example is Navin here can wait upto several...
absolutely bro!! 100% agree

Quoting BlackWid0w
Here is cable 4 hourly on cable...

Regards

Black Widow
100 in agreement..this really is fantastic analysis, very clear and logical..u simply cannot debate it!!
  • #2,413
  • Sep 4, 2011 8:15am Sep 4, 2011 8:15am
I will update this post itself with entries and exits if i can.

Good luck for the trading week
Will see you all later tonight or tommorow morning

Thanks for all the positive feed back ..

Regards Black widow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Current Situation on GU.gif Size: 37 KB
Click to Enlarge Name: 4 hourly cableNew.gif Size: 30 KB
Click to Enlarge Name: eurusdweekly.gif Size: 33 KB
Click to Enlarge Name: 4 hourly euro.gif Size: 32 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,414
  • Edited 8:55am Sep 4, 2011 8:32am | Edited 8:55am
thinking similar thing and tried to post here ( if it's ok )

============================================
Monthly :
Stay below 50 hi low fibo of August

Weekly
Close : few pips above low of week 3 august
Sentiment :
bearish
once we get lower TF candle close below low of week 3 august and stay below the blue box,this baby's trying to go to 6100 ish / red box area

Daily
Close : above blue range area
Sentiment :
daily candle tried hard to stop bear.Once we break green area, the light blue area is promising to visit

Blue Area
Top :50 hi low fib of sept- 2
Bottom :50 hi low fib of sept-1

Green Area : little gap sept -1 ( at least in my enemy's candle ... other broker may show spikes etc etc )

=====================================================

hopefully market open in next 7-8 hours will make it clear

Quoting BlackWid0w
Here is cable 4 hourly on cable...

Regards

Black Widow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: weekly sept1.gif Size: 18 KB
Click to Enlarge Name: daily sept2.gif Size: 20 KB
Click to Enlarge Name: 4H gu.GIF Size: 18 KB
not euphoria follower
  • #2,415
  • Sep 4, 2011 8:52am Sep 4, 2011 8:52am
Cable dailly trendline has broken which i think gives an opportunity to long..4hr used to refine entery + targets

Quoting BlackWid0w
I will update this post itself with entries and exits if i can.

Good luck for the trading week
Will see you all later tonight or tommorow morning

Thanks for all the positive feed back ..

Regards Black widow
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart3.gif Size: 59 KB
Click to Enlarge Name: cable1.gif Size: 98 KB
  • #2,416
  • Sep 4, 2011 9:19am Sep 4, 2011 9:19am
Brilliant work BW.


I am looking at 1.415 (my next support to Load some longs on EUR/USD.


Quoting BlackWid0w
I will update this post itself with entries and exits if i can.

Good luck for the trading week
Will see you all later tonight or tommorow morning

Thanks for all the positive feed back ..

Regards Black widow
  • #2,417
  • Sep 4, 2011 10:44am Sep 4, 2011 10:44am
Quoting BrunargarFx
Brilliant work BW.


I am looking at 1.415 (my next support to Load some longs on EUR/USD.
Thanks mate..

Just getting my very easy scalping stratergy together any meta trader gurus here ?

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,418
  • Sep 4, 2011 11:21am Sep 4, 2011 11:21am
Quoting BlackWid0w
Thanks mate..

Just getting my very easy scalping stratergy together any meta trader gurus here ?

Regards
BW
ready to serve sir


aligater
born to speculate
  • #2,419
  • Sep 4, 2011 1:59pm Sep 4, 2011 1:59pm
All clear. h1 chart.

Bearish channel. 4350-has been broken. Watch the big blue candle. It has been responded to. Sell off or maybe stop hunt due to the end of august.

M pattern confirmed bearish reversal. Below 4350 BULLS have no chance.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 163 KB
  • #2,420
  • Sep 4, 2011 4:20pm Sep 4, 2011 4:20pm
Quoting T@rantula
All clear. h1 chart.

Bearish channel. 4350-has been broken. Watch the big blue candle. It has been responded to. Sell off or maybe stop hunt due to the end of august.

M pattern confirmed bearish reversal. Below 4350 BULLS have no chance.

Attachment
Welcome back Home...
I hope you had fun


aligater
born to speculate
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