Spider's Den

hey tarantula

here are my thoughts on gbp:

we are below daily pivot at the moment - daily range is bounced and pingponged at too many times on the lower sectioni expect a violent break south due to the consumption of buyers at the d1 support

suggested play is to short at daily pivot rejections aiming for daily s1.

Closing at 2708 reason:




Fast range breakout H1 timeframe cable + triple rejection of 2715 w/o printing a new high. The price may be stuck or go to 2680.

Levels are coming in 5mins

Levels are narrow due to accumulation per Asian session range.

Scaling out cable +26

The movement was so fast that I didnt have time to post levels for cable range trade

Notice the median point action So good s/r level.

Lets see what EURGBP has do now................ Multi Resistance

GBPCHF as expected tested the trendline break and now looking 78.6 fib and s2 what is has to do ................

euud..i am long now 2..30 min..12718..4 hr index looks like it may go lower..now..

Need a good Momentum in EURUSD

out at enter.. will wait

Excellent PA setups Munal, this way you help us spot other crosses.

Profit taking or buyers around 1.27 Fib level the below red line is the low of Oct 6 2011 expected to test it though........ and nice bounce for some healthy pips...........

That is what i thought. I stopped my long trade as we had multiple rejections of 3715. It missed my next level 3733 by 2 pips so the reaction was also due to a narrow accumulation in Asia. Mind you all that level calculations are based on Asia accumulation range/phase.

Looking at SpiderNet trend capturing chart we are still in an intraday downtrend so we may have a range which is corresponding to levels I have posted.

Level calculation i have been posting in the morning correspond to EU/London session, we may have a break of levels in cross session EU/NY then new levels are usually printed out.

Good decision Danc, when the market is grinding slowly in both directions in first 2 hours of London session ,the good option is to stay flat.

Lets see what Aussie has to do........... keep in mind the flag......

if it gets valid check the pole........

Notice the choppiness, judging by PA we may see 2780 again.

This is for m1 scalping only, higher timeframes are still untradable.

Main intraday trend is down while momentum on m1 is switching to up, with retracements afterwards.

Long 2725.. mainly on mor strong greens on 30/15/5/

Boom Spain

Better picture..Index 4 hr moves down