Spider's Den | Page 787 | Forex Factory

Options

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

Spider's Den

  • #15,721
  • Nov 5, 2012 10:02am Nov 5, 2012 10:02am
hi T@rantula,

I would be interested to know which RangeBar indicator/script you use ... I tested a couple and some of them plot different things..

Cheers
Ati
Money is important, Love is essential.
  • #15,722
  • Nov 5, 2012 3:57pm Nov 5, 2012 3:57pm
Quoting infinitus
I have the 2850-2860 on my screens too, with a maximum of around 2890


mainly due to EW considerations as well as fib-fans and channels



sorry, am on smartphone and not able to post charts


so my plan:


short the DPP at 2867 SL 2897 TP around 2815, but will watch wave structure to fine tune it


OK, with the downward action we got a new set of cards


first upwards target now is around 2814, second 2843, third 2854 to 2880


Highest probability for a short we have at 2814 and 2843, but SL is difficult, tend to say behind 2880.

I see targets down to 2740
  • #15,723
  • Nov 5, 2012 5:45pm Nov 5, 2012 5:45pm
Quoting Ati Baia
hi T@rantula,

I would be interested to know which RangeBar indicator/script you use ... I tested a couple and some of them plot different things..

Cheers
Ati
Hello Ati,

Ill post it tomorrow

T
  • #15,724
  • Nov 5, 2012 5:47pm Nov 5, 2012 5:47pm
Quoting infinitus
OK, with the downward action we got a new set of cards


first upwards target now is around 2814, second 2843, third 2854 to 2880


Highest probability for a short we have at 2814 and 2843, but SL is difficult, tend to say behind 2880.

I see targets down to 2740
Hey Markus,

Its best to wait for late Asia session, then decide where the cards should be put

You analysis is fine and yes SL should be put above 2880 but for first few entries we will calculate a tighter stop. Tomorrow is election day in USA, have that in mind also.

Lets see tomorrow

T
  • #15,725
  • Nov 6, 2012 1:48am Nov 6, 2012 1:48am
Good morning,

I doubt we will see 2860 today. 2802 serves as a resistance now, we can sell close to it with stops just above. COunter trend trades should be traded around 2740.
  • #15,726
  • Nov 6, 2012 2:46am Nov 6, 2012 2:46am
Rejections from 2760 zone. 2745-40 is better but if we dont see break in a few hours, this could start intraday trend change.
  • #15,727
  • Nov 6, 2012 3:01am Nov 6, 2012 3:01am
T just as matter of interest.. I am watchingEUx 4 hr chart if it gets above 2 broken red lines.. week pivot resistance .. i would think hi side order of day.. Just my opn of course..same same EUUD.. doesnt seem to really want down side to me..
Attached Image (click to enlarge)
Click to Enlarge Name: eurx.gif Size: 24 KB
  • #15,728
  • Nov 6, 2012 3:46am Nov 6, 2012 3:46am
Quoting danc
T just as matter of interest.. I am watchingEUx 4 hr chart if it gets above 2 broken red lines.. week pivot resistance .. i would think hi side order of day.. Just my opn of course..same same EUUD.. doesnt seem to really want down side to me..
Agreed mate.

Quoting T@rantula
Rejections from 2760 zone. 2745-40 is better but if we dont see break in a few hours, this could start intraday trend change.
This is what i have been telling you. Lets see 2805 reaction, seems to be the first target, a sort of megaphone pattern forming on m5.
  • #15,729
  • Nov 6, 2012 4:08am Nov 6, 2012 4:08am
Quoting T@rantula
Agreed mate.



This is what i have been telling you. Lets see 2805 reaction, seems to be the first target, a sort of megaphone pattern forming on m5.
2805 first target 2840 intraday resistance. Megaphone may give us bullish PA with big downside range. Its tricky.

To the upside pay attention to 2805 ( 2810 on high momentum) and 2840 ,where 2820 acts as interim resistance. 2840 is strong intraday level.

To the downside, 2975 and 2960 are dips where EU has been bought. Judging from current PA, this looks bullish.
  • #15,730
  • Nov 6, 2012 5:08am Nov 6, 2012 5:08am
Perfect rejections of m5 megaphone

Attached Image (click to enlarge)
Click to Enlarge Name: me.jpg Size: 158 KB
  • #15,731
  • Nov 6, 2012 5:44am Nov 6, 2012 5:44am
Quoting T@rantula
Perfect rejections of m5 megaphone

Attachment
Respecting it to the pip.

http://clip2net.com/s/2tpyC
  • #15,732
  • Nov 6, 2012 7:53am Nov 6, 2012 7:53am
Rising wedge. If it breaks we go down, pay attention to that traders.

5m TF.

Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 106 KB
  • #15,733
  • Nov 6, 2012 1:58pm Nov 6, 2012 1:58pm
Upwards movement looks a bit tired now. Would like to see it reaching 2841, but maybe DR1 at 2831 will stop it for now.


Elliott wise it looks now like a wave 4 correction. 2841 is the high of the wave 4 of wave 3.

I suspect we get here a more complex correction. Wave 2 was kind of simple ABC-flat. So rule of alternation calls probably for complex correction (maybe until we know if Obama is reelected or not)


When 2841 gives way, we will most likely target the 2860-2880 area.

Daily chart EW wise may call for a new low. I would like to see this whole wave down terminate around 2695 to 2634 over the next days. I marked the last days the 2660 area, but can not remember right now why. Have to take a look at all my charts :-)


When we short here around 2820 area, target would be 2787 to 2772


Should now not go higher than 2924. That would invalidate the count
  • #15,734
  • Nov 6, 2012 5:37pm Nov 6, 2012 5:37pm
Quoting infinitus
Upwards movement looks a bit tired now. Would like to see it reaching 2841, but maybe DR1 at 2831 will stop it for now.


Elliott wise it looks now like a wave 4 correction. 2841 is the high of the wave 4 of wave 3.

I suspect we get here a more complex correction. Wave 2 was kind of simple ABC-flat. So rule of alternation calls probably for complex correction (maybe until we know if Obama is reelected or not)


When 2841 gives way, we will most likely target the 2860-2880 area.

Daily chart EW wise may call for a new low. I would...
Thanks for the insight mate, i would like to see rejection off 2840. If momentum is TOO high, we will see 2860-80, and I agree with u again. We should short this as soon as its confirmed.
  • #15,735
  • Nov 6, 2012 7:23pm Nov 6, 2012 7:23pm
Quoting T@rantula
Thanks for the insight mate, i would like to see rejection off 2840. If momentum is TOO high, we will see 2860-80, and I agree with u again. We should short this as soon as its confirmed.
MMMMMMMMMMM.................... Thank You to both of U
  • #15,736
  • Nov 7, 2012 2:06am Nov 7, 2012 2:06am
We are bullish intraday. Buy the dips, stops should be just below 2840. Targets should be 2910 even 2930.
  • #15,737
  • Nov 7, 2012 2:38am Nov 7, 2012 2:38am
Quoting T@rantula
We are bullish intraday. Buy the dips, stops should be just below 2840. Targets should be 2910 even 2930.
For now i'm still bullish as well...same targets.
But i'll put my stop around 1,2920 to give it more space.

But 1,2880 may be a brick to crack.
COT: The precious data ignored
  • #15,738
  • Nov 7, 2012 5:09am Nov 7, 2012 5:09am
Quoting T@rantula
We are bullish intraday. Buy the dips, stops should be just below 2840. Targets should be 2910 even 2930.
Bullish patterns failed. 35 has been broken.

I will be flat till afternoon.
  • #15,739
  • Nov 7, 2012 5:22am Nov 7, 2012 5:22am
Quoting T@rantula
Bullish patterns failed. 35 has been broken.

I will be flat till afternoon.
Surprised with this down move to be honest.
Still eyeying a move back towards today's top though.

Waiting for a new entry
COT: The precious data ignored
  • #15,740
  • Nov 7, 2012 8:12am Nov 7, 2012 8:12am
Quoting kuroro001
Surprised with this down move to be honest.
Still eyeying a move back towards today's top though.

Waiting for a new entry
Im also very surprised about the move as H4 patterns completely failed. I stopped when i saw 2835 level broken.

I will do the analysis later in the day when things settle a bit.

Remember not having a position is sometimes as equal as having it.
45 traders viewing now