Spider's Den | Page 740 | Forex Factory

Options

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

Spider's Den

  • #14,781
  • May 30, 2012 5:43pm May 30, 2012 5:43pm
Quoting T@rantula
Longing EU today is risky if its not scalp or swing scalp, the best is to concentrate on levels then put stop just around there and short. Selling rallies is the name of the game. 2380-50 is important zone.
The move has been done as planned.
  • #14,782
  • May 31, 2012 2:50am May 31, 2012 2:50am
Good morning traders!

Today levels are:

MEDIAN 2382

BULLS 2395 2405 2411 2420 2436 (LPH)

BEARS 2369 2353 2343 2333 2327 (LPL)

Suggestion is to sell close to LPH, or to sell the rallies.
  • #14,783
  • May 31, 2012 3:23am May 31, 2012 3:23am
Difficult so far, slow motion... bigger retrace is needed, but at the same time bearish momentum and fear prevails... still waiting. Tuesday and Wednesday was far clearer to me... (except for that mofo spike yesterday)
  • #14,784
  • May 31, 2012 3:35am May 31, 2012 3:35am
Quoting Chika Kure
Difficult so far, slow motion... bigger retrace is needed, but at the same time bearish momentum and fear prevails... still waiting. Tuesday and Wednesday was far clearer to me... (except for that mofo spike yesterday)
Yes, 2360 has been reached as planned, now we are having a retracement. The spike yesterday was real money buying but also some stops were cleared.
  • #14,785
  • May 31, 2012 4:31am May 31, 2012 4:31am
Quoting T@rantula
Good morning traders!

Today levels are:

MEDIAN 2382

BULLS 2395 2405 2411 2420 2436 (LPH)
Perfectly for scalping longs or playing breakouts. 2436-40 may b good for shorts with small stops.
  • #14,786
  • May 31, 2012 5:39am May 31, 2012 5:39am
Quoting T@rantula
Perfectly for scalping longs or playing breakouts. 2436-40 may b good for shorts with small stops.
Actually it was 2426, but still a nice swing drop. Following the trend perfectly
  • #14,787
  • May 31, 2012 8:59am May 31, 2012 8:59am
Quoting T@rantula

MEDIAN 2382

BEARS 2369 2353 2343 2333 2327 (LPL)

Suggestion is to sell close to LPH, or to sell the rallies.
Notice the reaction to 2382. Ofcourse sell into rallies
  • #14,788
  • May 31, 2012 10:06am May 31, 2012 10:06am
Quoting T@rantula
Good morning traders!

BEARS 2369 2353 2343 2333 2327 (LPL)

Suggestion is to sell close to LPH, or to sell the rallies.
Done. Next what i see is 2220.
  • #14,789
  • May 31, 2012 5:03pm May 31, 2012 5:03pm
Thinking long this above red trend line..USDJY 4 hr
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 161 KB
  • #14,790
  • Jun 1, 2012 4:37am Jun 1, 2012 4:37am
Euro.. long 2315.. stop 2309
Attached Image (click to enlarge)
Click to Enlarge Name: euud 5 min.gif Size: 49 KB
  • #14,791
  • Jun 1, 2012 5:36am Jun 1, 2012 5:36am
Quoting danc
Euro.. long 2315.. stop 2309
Hey Danc take care, downward momentum is strong, fading the trend is very risky.

Scalping into support is ok, just dont exaggerate .

My charts show 2220 as the target of this move. Intraday levels are:

MEDIAN 2353

BEARS 2340 2325 2313 2300 2285 2270

Bulls only above 2366
  • #14,792
  • Jun 1, 2012 6:54am Jun 1, 2012 6:54am
Quoting T@rantula
MEDIAN 2353

BEARS 2340 2325 2313 2300 2285 2270

Bulls only above 2366
Perfect trend following

Attached Image (click to enlarge)
Click to Enlarge Name: es.jpg Size: 40 KB
  • #14,793
  • Jun 1, 2012 6:58am Jun 1, 2012 6:58am
Quoting T@rantula
Hey Danc take care, downward momentum is strong, fading the trend is very risky.

Scalping into support is ok, just dont exaggerate .

My charts show 2220 as the target of this move. Intraday levels are:

MEDIAN 2353

BEARS 2340 2325 2313 2300 2285 2270

Bulls only above 2366
Long ago out with 15..Tra
  • #14,794
  • Jun 1, 2012 9:08am Jun 1, 2012 9:08am
Quoting danc
Long ago out with 15..Tra
Well done 2290 has been reached, those are CB buying EU. Its Friday and banks are doing their job.

Still I advise a caution for all who are trading longs.
  • #14,795
  • Jun 1, 2012 9:21am Jun 1, 2012 9:21am
Quoting T@rantula
Well done 2290 has been reached, those are CB buying EU. Its Friday and banks are doing their job.

Still I advise a caution for all who are trading longs.
You see what i have been talking about. 2455 strong rejection. EU @ 2395 again.

That upmove is one of standard bank actions caused by balancing currency reserves.
  • #14,796
  • Jun 1, 2012 10:00am Jun 1, 2012 10:00am
Quoting T@rantula
You see what i have been talking about. 2455 strong rejection. EU @ 2395 again.

That upmove is one of standard bank actions caused by balancing currency reserves.
100 pip drop. Hope that traders who read the thread are not sucked in false moves.
  • #14,797
  • Edited 1:23am Jun 4, 2012 1:10am | Edited 1:23am
Based on week and other pivot resistance.. on UDx and EUx.. i am going to watch for short trade..30m.. 15m and 5 m

Fail area on EUUD looks to me to be 2440/55.. just my opn of course..
  • #14,798
  • Jun 4, 2012 1:35am Jun 4, 2012 1:35am
Quoting danc
.... Fail area on EUUD looks to me to be 2440/55.. just my opn of course..
Could be nice if price get there... Looking for short also, thinking maybe smaller lots because London is closed today (and tomorrow also).
  • #14,799
  • Jun 4, 2012 2:28am Jun 4, 2012 2:28am
Good morning guys and good start of the week!

We have UK bank holiday today and tomorrow so we may not have volatility we want but still there are opportunities to make money.

Looking on hourly charts we may have inverted h&s pattern in making, price has opened above DPP, and we may have a retracement.

2408 is median point and i have 2466 as LPH. 2350 is LPL.

Ill be looking to buy into dips today as long as EU is above DPP.

2435 is level to watch for also as the break of 2435 could accelerate move to the upside and give a possible bigger retracement.
  • #14,800
  • Jun 4, 2012 2:43am Jun 4, 2012 2:43am
Quoting T@rantula
Good morning guys and good start of the week!


Ill be looking to buy into dips today as long as EU is above DPP.

2435 is level to watch for also as the break of 2435 could accelerate move to the upside and give a possible bigger retracement.
Easy 12 pips on breakout, missed 2408

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 53 KB
13 traders viewing now