Spider's Den | Page 438 | Forex Factory

Options

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

Spider's Den

  • #8,741
  • Dec 8, 2011 3:03am Dec 8, 2011 3:03am
Quoting T@rantula
Hello guys,

As today is bid decision rate day, volatility is a bit thin. Notice the levels are somehow "clustered". I included AUDUSD levels too and Ill be doing that from now on every day

Attachment

Attachment
thanks mate will keep these on my chart
Have I got something on my face, SOLDIER?
  • #8,742
  • Dec 8, 2011 3:07am Dec 8, 2011 3:07am
Quoting bumapatria
thanks mate will keep these on my chart
No problem. Just bear in mind, thin volatility with bearish divergence means a bit of a range where the best option is to sell tops.
As I said 3415-20 are good to sell ( 3400 now).

Volatility will rise prior to bid rate decision report.
  • #8,743
  • Dec 8, 2011 3:17am Dec 8, 2011 3:17am
Here is h4 setup where the break of 3369 has a clear potential to 3320 > 3280 with 3350 being good support. The break of first T
Attached Image (click to enlarge)
Click to Enlarge Name: h4.jpg Size: 91 KB
L is in play supported by daily bearish and 2nd trendline formed due to narrow range and low volatility.

For this range to break strong fundie trigger is needed.
  • #8,744
  • Dec 8, 2011 3:23am Dec 8, 2011 3:23am
Quoting T@rantula
We will have a range until rate decision, possibility is to short 3415-20 with stops 3445 targeting 3385
Scale out now 1/2. 3385 final target stops to BE
  • #8,745
  • Dec 8, 2011 3:28am Dec 8, 2011 3:28am
Cable 1 hr..watching again for possible hi side break..
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 20 KB
  • #8,746
  • Dec 8, 2011 3:29am Dec 8, 2011 3:29am
Quoting danc
Cable 1 hr..watching again for possible hi side break..
Notice the lowest low 3 last wicks, draw a trendline there( s/r horizontal line) and notice the reaction
  • #8,747
  • Dec 8, 2011 3:42am Dec 8, 2011 3:42am
my strong bias for bearish move in dow and crude

we broke an important angle on dow, and this seems the next support. current levels just rejected supply, and this is the possible target

ignore the indicators was just seeing what on earth that was in my library


oil... just finished corrective wave 4 up and now rejected 61.8 and looks to move down into demand zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dj oone thosund.gif Size: 40 KB
Click to Enlarge Name: i will tank.gif Size: 32 KB
Have I got something on my face, SOLDIER?
  • #8,748
  • Dec 8, 2011 3:47am Dec 8, 2011 3:47am
Quoting bumapatria
my strong bias for bearish move in dow and crude

we broke an important angle on dow, and this seems the next support. current levels just rejected supply, and this is the possible target

ignore the indicators was just seeing what on earth that was in my library


oil... just finished corrective wave 4 up and now rejected 61.8 and looks to move down into demand zone.
Huh mate, my eyes are hurting

HAving separated indis from PA prints, its viable to go down but the targets need more momentum id say. Thats why monitoring any of the trades now is strongly advised.
  • #8,749
  • Dec 8, 2011 3:50am Dec 8, 2011 3:50am
Quoting T@rantula
Huh mate, my eyes are hurting

HAving separated indis from PA prints, its viable to go down but the targets need more momentum id say. Thats why monitoring any of the trades now is strongly advised.

yes, am doing so for careful monitoring

lets kill
Have I got something on my face, SOLDIER?
  • #8,750
  • Dec 8, 2011 3:59am Dec 8, 2011 3:59am
okay eurusd h4

last resort line for bears. these are broken im dead.



this is the first chart view
Attached Image (click to enlarge)
Click to Enlarge Name: eu h4.gif Size: 31 KB
Have I got something on my face, SOLDIER?
  • #8,751
  • Dec 8, 2011 4:05am Dec 8, 2011 4:05am
i will die if this resistance breaks
Attached Image (click to enlarge)
Click to Enlarge Name: death on the undertore.gif Size: 34 KB
Have I got something on my face, SOLDIER?
  • #8,752
  • Dec 8, 2011 4:07am Dec 8, 2011 4:07am
Quoting bumapatria
okay eurusd h4

last resort line for bears. these are broken im dead.



this is the first chart view
Keep your positions leveraged 1:2 the most as on bid rate decisions and summit days volatility will rise. Today and tomorrow are important days.

3280 or 3500. For the time being all PA PRINTS are indicating bearish movement. Thats reflected in Daily and H4 bearish divergence. Those are the earliest signs of continuation/reversals.

Now...Just go with scalps. As i said When u have a divergence on higher Timeframes, of you are afraid to scalp counter trades ( 5-10 pips) go with shorting the tops, pick your level according to TF. 3515-20 was good to sell.

Now, when momentum is low traders are waiting...scalping. Join the fray and keep yourself out of PREDICTING.
  • #8,753
  • Dec 8, 2011 4:09am Dec 8, 2011 4:09am
Quoting T@rantula
Keep your positions leveraged 1:2 the most as on bid rate decisions and summit days volatility will rise. Today and tomorrow are important days.

3280 or 3500. For the time being all PA PRINTS are indicating bearish movement. Thats reflected in Daily and H4 bearish divergence. Those are the earliest signs of continuation/reversals.

Now...Just go with scalps. As i said When u have a divergence on higher Timeframes, of you are afraid to scalp counter trades ( 5-10 pips) go with shorting the tops, pick your level according to TF. 3515-20 was good...

okay
Have I got something on my face, SOLDIER?
  • #8,754
  • Dec 8, 2011 4:15am Dec 8, 2011 4:15am
h4 trendline/channel analysis.

Ok, now look h4 channel. There is main channel and channel inside the main channel that has a potential for head and shoulders variant 2.

When u notice a consolidation channel on higher Timeframe, that usually indicates the price is preparing for a good and wild momentum. So this is what i call SILENCE before the STORM.

The traders' sentiment is reflected on charts. Divergences and Pattern formations indicate the general traders sentiment.

Believe me, no Elliot or any other method cannot give you the earliest hint of MAJORITY SENTIMENT as Simple channels, Pattern Formations and Divergences. That is the most obvious and simple.

Attached Image (click to enlarge)
Click to Enlarge Name: h4a.jpg Size: 48 KB
  • #8,755
  • Dec 8, 2011 4:45am Dec 8, 2011 4:45am
Cable out with a loss ........
Attached Image (click to enlarge)
Click to Enlarge Name: cable.gif Size: 17 KB
  • #8,756
  • Dec 8, 2011 5:00am Dec 8, 2011 5:00am
It may only be me, but When I look at the PA, I would say that this market is desperate for a little bit of news to bring things up...
Look at the reaction to 3361 yesterday and 3392 today...
This is no man's land for me. Technically I would favor the short side but fundamentally I would favor the upside...

And If I were German I would love a weak Euro...
  • #8,757
  • Dec 8, 2011 5:02am Dec 8, 2011 5:02am
Let see what 3376 (LTL) will bring us...
  • #8,758
  • Dec 8, 2011 5:04am Dec 8, 2011 5:04am
eurfutures scalp of 11 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eurfutures.gif Size: 12 KB
Have I got something on my face, SOLDIER?
  • #8,759
  • Dec 8, 2011 5:04am Dec 8, 2011 5:04am
Let see what 3376 (LTL) will bring us...If breaks, we could be looking at 1.3296 (S2 but also LTL of bullflag formation)...
  • #8,760
  • Dec 8, 2011 5:07am Dec 8, 2011 5:07am
Quoting T@rantula
Scale out now 1/2. 3385 final target stops to BE
Closed 3385 +30
12 traders viewing now