Spider's Den | Page 164 | Forex Factory

Options

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

Spider's Den

  • #3,261
  • Sep 29, 2011 1:53am Sep 29, 2011 1:53am
Can bounce one more time again ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,262
  • Sep 29, 2011 1:56am Sep 29, 2011 1:56am
For all GBPUSD traders:
Inverted H&S formation with a neck line false break out?
H1 chart.
If it is the we drop hard.
Short @ 1.5681
TP: 1.5545 min
SL: 1.5701
min.6:1 R/R worth a try?

Hope it helps,
Seb
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd-h1hs.jpg Size: 63 KB
Click to Enlarge Name: gpbusd h1 div.jpg Size: 71 KB
  • #3,263
  • Sep 29, 2011 1:58am Sep 29, 2011 1:58am
Quoting Flynchenberg
Confirmed, even commodities are up and oil as well.
Suckers game prior to vote.
Fxflow Boris Schlossberg



#forex $EURUSD fading a bit as Schaueble comments that EFSF wont be expanded any further weigh on the unit. 3650 support is key.

So buy the rumour, sell the news strategy.




Seb
The vote is a no-event anyway, I know you're hoping for but there wont be any NO vote.
Don't get mad, get even!
  • #3,264
  • Sep 29, 2011 2:09am Sep 29, 2011 2:09am
Quoting stulic
The vote is a no-event anyway, I know you're hoping for but there wont be any NO vote.
LOL
It is forex, anything is possible lol


Seb
  • #3,265
  • Sep 29, 2011 2:30am Sep 29, 2011 2:30am
Quoting stulic
The vote is a no-event anyway, I know you're hoping for but there wont be any NO vote.
Nun ... das ist wiederum nicht ganz Richtig so ...

During the whole night in Asian Session this move up has been reported by Reuters as being a buying interest by large funds due to the expectations on German voting for the EURO in Greece ...

So voting results will be not unimportant therfore ... as it has been their reason to buy since 8 hours ago ... so if disapointed they will take it from the table ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,266
  • Sep 29, 2011 2:54am Sep 29, 2011 2:54am
General assumption is ... that "Bundestag" will vote for further helping Greece ... yes ... keine Frage ...

But more important is ... if MERKEL FERKEL will keep on getting the "Kanzler-Mehrheit" ... 311 Stimmen werden dazu benötigt ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,267
  • Sep 29, 2011 3:00am Sep 29, 2011 3:00am
Quoting T@rantula
Similar setup on Keltner Dynamics + STO, we could see a dip soon, 1 more confirmation needed.

Attachment

Quoting T@rantula
Ok lets see the pips in bag now
3656>3625 + 31 pips
  • #3,268
  • Sep 29, 2011 3:03am Sep 29, 2011 3:03am
There are a lot of hurdles to take out ...

This last push / wave to the upside has been conducted by the musicians of Italian Bond Auctions ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,269
  • Sep 29, 2011 3:14am Sep 29, 2011 3:14am
Quoting mercy seat
There are a lot of hurdles to take out ...

This last push / wave to the upside has been conducted by the musicians of Italian Bond Auctions ...



;-|
They are playing with the techs lol
  • #3,270
  • Sep 29, 2011 3:20am Sep 29, 2011 3:20am
Quoting T@rantula
They are playing with the techs lol
And now a dip again

I will write another article about trading as many traders asked me for advice as we are not in "NORMAL" trading conditions. That will be as always under:

"FOREX HIGHLIGHTS"
  • #3,271
  • Sep 29, 2011 3:27am Sep 29, 2011 3:27am
Quoting T@rantula
And now a dip again

I will write another article about trading as many traders asked me for advice as we are not in "NORMAL" trading conditions. That will be as always under:

"FOREX HIGHLIGHTS"
Yes ... nice idea ...

We stay tuned for ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,272
  • Sep 29, 2011 3:34am Sep 29, 2011 3:34am
Anything is important ...

All kinds of views do have their significance ...

But at least we do must decide for one of them at a specific stage ...

2011-09-29 _ (12h26 CET) EUR-USD _ 010min _ 000 candle 170-514-30

This is mine for this point of time ...

Still in a "sell all these rallies mode" ... as long as mentioned IMM stop (1.3748) has not been crossed ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-29 _ (12h26 CET) EUR-USD _ 010min _ 000 candle 170-514-30.GIF Size: 81 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,273
  • Sep 29, 2011 3:44am Sep 29, 2011 3:44am
Quoting Flynchenberg
For all GBPUSD traders:
Inverted H&S formation with a neck line false break out?
H1 chart.
If it is the we drop hard.
Short @ 1.5681
TP: 1.5545 min
SL: 1.5701
min.6:1 R/R worth a try?

Hope it helps,
Seb
+45 so far.....
  • #3,274
  • Sep 29, 2011 3:50am Sep 29, 2011 3:50am
Quoting stulic
All rebounded into positive territory, actually US futures have been up since early morning Asian session, hence the Nikkei closed in black.
Yes ... exactly ...

You are rrrright ...

DAX up
Euro Stoxx up

US futures up as well ...

Midday in good old Europe ...

This move is still not over and done in our beloved principal major currencies pair ...

Although there are some early indications of weakness looming at the horizon ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,275
  • Sep 29, 2011 4:03am Sep 29, 2011 4:03am
Elliott: Projizierung > 1.3488 oder 1.3444 sofern unter 1.3690
Elliott: flat correction down 1.3488 or elongated flat correction down 1.3444


Stops & Triggers Range (29. Sep 2011, 12:55 CET)
ZigZag A-B-C Bandwidth

1.3716 1.3618
1.3697 1.3599
1.3679 1.3580
1.3660 1.3557

1.3650 1.3547 <= intersection

1.3641 1.3538
1.3618 1.3519
1.3599 1.3500
1.3580 1.3481

UPS and DOWNS
1.3679 1.3519


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #3,276
  • Sep 29, 2011 4:39am Sep 29, 2011 4:39am
Quoting Flynchenberg
+45 so far.....
very good! well spotted
  • #3,277
  • Sep 29, 2011 4:42am Sep 29, 2011 4:42am
Quoting mercy seat
Nun ... das ist wiederum nicht ganz Richtig so ...

During the whole night in Asian Session this move up has been reported by Reuters as being a buying interest by large funds due to the expectations on German voting for the EURO in Greece ...

So voting results will be not unimportant therfore ... as it has been their reason to buy since 8 hours ago ... so if disapointed they will take it from the table ...



;-|
So it was, YES vote was of course priced in so the confirmation caused a bit of profit taking, but as you said the move higher up ist nicht ausgeschlossen... I'm not convinced of major moves down unless 3600 gives in, otherwise I think 3750+ tonight should be no surprise to anybody.
Don't get mad, get even!
  • #3,278
  • Edited 5:16am Sep 29, 2011 5:01am | Edited 5:16am
Hi,
According to my EW count we should complete wave A of ABC correction of big wave 2: grey rectangle area is typical 50-61% of retracement of a wave of lesser degree.
Now we should reterace like 50-61% of wave A blue, which is just below wave B of lesser degree area:50% is 1.3520, 61% is 1.3483.
However, if we break through 78% retracement of wave A we should seriusly consider signals that it is probably not a corrective wave B and the prior trend should continue. So the line in the sand is 1.3430. If we break through that means wave A blue is the top of fast and simple ABC correction of wave 2 and there is more downside to come.

Nevertheless, if 50 or 61% retracement holds, we might see an impulsive wave C that targets up to 1.3939 max. Break of this level means more upside to come.

Other wave C targets are:

in case of 50% of retracement of wave B - 1.3754 as 1.618%Exp

in case of 61% of retracement of wave B - 1.3777 as 1.618%Exp



Hope this elaboration help someone,

Seb

EDIT: Just spoted mercy_seat levels: Elliott: flat correction down 1.3488 or elongated flat correction down 1.3444 ( mine level is 1.3483 lol)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1 ew.jpg Size: 128 KB
  • #3,279
  • Sep 29, 2011 5:32am Sep 29, 2011 5:32am
Fairly good US numbers... all pointing up tonight...
Don't get mad, get even!
  • #3,280
  • Sep 29, 2011 6:18am Sep 29, 2011 6:18am
Quoting stulic
Fairly good US numbers... all pointing up tonight...
From this perspective yes, we could see higher grounds later in the day
44 traders viewing now