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Spider's Den

  • #16,161
  • Dec 24, 2012 6:13am Dec 24, 2012 6:13am
Quoting T@rantula
i wish a happy christmas and a happy new year to all traders and good people. Good health and many many pips next year.
Thank u and a happy Crismas to you and all the members here who helped making this thread so great
  • #16,162
  • Dec 29, 2012 2:23pm Dec 29, 2012 2:23pm
JUST A BRIEF UPDATE.

I will resume trading and posting around the 3rd of January so keep an eye for that!
  • #16,163
  • Jan 2, 2013 9:58pm Jan 2, 2013 9:58pm
Levels for today

best scenario: first down to around 3090-3062, then up
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  • #16,164
  • Jan 3, 2013 8:05am Jan 3, 2013 8:05am
Quoting infinitus
Levels for today

best scenario: first down to around 3090-3062, then up
Hello Markus,

Yes we have a potential shift from bullish to bearish context so we may see it. By the time I write this it has already happened. 3080 was rejected, the price is currently 3110. We have had a triple bottom which has been broken and that could mean a trend shift.

From this point we have a potential SELL at 3145-3165 with 3180 as SL. If the price goes above I wouldnt recommend sell. For SELL positions target should be 3040.

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  • #16,165
  • Jan 3, 2013 9:05am Jan 3, 2013 9:05am
Scalpers should also watch 3130 area when reached as that is 4h channel TOP.
  • #16,166
  • Jan 3, 2013 11:02am Jan 3, 2013 11:02am
Quoting T@rantula
Hello Markus,

Yes we have a potential shift from bullish to bearish context so we may see it. By the time I write this it has already happened. 3080 was rejected, the price is currently 3110. We have had a triple bottom which has been broken and that could mean a trend shift.

From this point we have a potential SELL at 3145-3165 with 3180 as SL. If the price goes above I wouldnt recommend sell. For SELL positions target should be 3040.

Attachment


Hi T.,

am completely with you :-)
  • #16,167
  • Jan 3, 2013 1:13pm Jan 3, 2013 1:13pm
Here we go. 3060 touched, we need to pay attention to 3040.
  • #16,168
  • Jan 3, 2013 4:26pm Jan 3, 2013 4:26pm
3040 hit. Target has been reached.
  • #16,169
  • Jan 4, 2013 1:15am Jan 4, 2013 1:15am
EU weakness would probably extend. 2995 should be next target. USD strength later in the day ( on NFP results) could extend to 2970 region and 2925 subsequently. Resistance is 3050 now.

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  • #16,170
  • Jan 4, 2013 3:58am Jan 4, 2013 3:58am
Slide continues. 3020 was also very good for a scalp trade. Break of 3002 could be exploited as a MOMENTUM trade.
  • #16,171
  • Jan 4, 2013 4:15am Jan 4, 2013 4:15am
1 2 3 on possible 3002 break has faded. We might see a range play till NFP. 3002-00 breaks > 2995 > 2972-0> 2940 Those are supports and TARGETS which should be achieved on BAD NFP result.
  • #16,172
  • Jan 4, 2013 4:30am Jan 4, 2013 4:30am
Here is how 1 2 3 can be played out.

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  • #16,173
  • Jan 4, 2013 4:37am Jan 4, 2013 4:37am
outstanding work here T@rantula congratulations
just do it
  • #16,174
  • Jan 4, 2013 4:39am Jan 4, 2013 4:39am
Range 1.3000 to 1.3026 break above 1.3026 1.3049x area..... or as T says 2972-----2940
  • #16,175
  • Jan 4, 2013 4:39am Jan 4, 2013 4:39am
2972 coincides with 161.8 fib, so its a confluence. So if we break 3002-00 2972 should be next.
  • #16,176
  • Jan 4, 2013 4:41am Jan 4, 2013 4:41am
Quoting thodie
outstanding work here T@rantula congratulations
Thanx Thodie.

We also need to watch 3026>49 to the upside as Munal says. I doubt it will be pre NFP. Risk aversion > BAD NFP numbers would be good for further continuation.
  • #16,177
  • Jan 4, 2013 4:44am Jan 4, 2013 4:44am
Quoting T@rantula
3040 hit. Target has been reached.
Would have been nice,if the entry would have presented itself T
  • #16,178
  • Jan 4, 2013 4:48am Jan 4, 2013 4:48am
Quoting FOURX
Would have been nice,if the entry would have presented itself T
You had entries all day long. Early morning it was 3165, then U had 3100 then 3075. You could have made it following 1 2 3 trending pattern or short it on retracement.
  • #16,179
  • Jan 4, 2013 4:49am Jan 4, 2013 4:49am
2 pics.. 5 min charts watching for break down EUUD.. and break out USDX..
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  • #16,180
  • Jan 4, 2013 4:53am Jan 4, 2013 4:53am
Quoting danc
2 pics.. 5 min charts watching for break down EUUD.. and break out USDX..
Yes u charted it right. Market is still waiting and I guess NFP result would contribute to that. So far 3025 rejections work good.
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