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Spider's Den

Trading range is 3031-3050 this hour. Remember its Monday and remember 3030 is important number. 3025-3050 is channel now so we can get some confluence low and high.
This is H1 current chart pic. We have a bullish engulfer with a double bottom, h4 still forming a potential hammer. Bulls are still in charge.

Attached Image
If 3061 is not taken out in 1h-2h we might see another drop. H4 closes as a spinning top which indicates indecision. EU is bullish but today's action can be a slight correction/retracement.

I personally would like to see 3125-30 where I would look for short as we have a good confluence there.
Quoting [email protected]
Trading range is 3031-3050 this hour. Remember its Monday and remember 3030 is important number. 3025-3050 is channel now so we can get some confluence low and high.
Here. We can see 78.6 initial reaction was heavily bought. Below 2990 bulls need to worry as it cancels upper 1 2 3.

Those who have initially bought into 78.6 support have a great r:r ratio.


Attached Image
Quoting [email protected]
Here. We can see 78.6 initial reaction was heavily bought. Below 2990 bulls need to worry as it cancels upper 1 2 3.

Those who have initially bought into 78.6 support have a great r:r ratio.


Attachment 1111336
Yeah, comon lets go! Follow the technicals! 3061 being tested atm
Happy New Year to all the visitors of this thread.
I thank you on behalf of The spiders den for your continued support.
Tarantula has done an amazing job on this thread to maintain the quality posting and this appreciated by all members
Thanks you
My First chart for the new year.

Regards
BW
Attached Image (click to enlarge)
Click to Enlarge Name: euro 4 hour chart.jpg Size: 116 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
Do u know how this H1 pattern is called?
Attached Image
Quoting BlackWid0w
Happy New Year to all the visitors of this thread.
I thank you on behalf of The spiders den for your continued support.
Tarantula has done an amazing job on this thread to maintain the quality posting and this appreciated by all members
Thanks you
My First chart for the new year.

Regards
BW
Thanks Bw ! Great chart!
Quoting [email protected]
Do u know how this H1 pattern is called?
Attachment 1111382
Yep Mine is bigger than yours pattern :-)
We basically that is a bullish reversal pattern my friend.
Simply based on the hourly stops below the hourly candle targeting 1.3125

Regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
Quoting [email protected]
Do u know how this H1 pattern is called?
Attachment 1111382

Quoting BlackWid0w
Yep Mine is bigger than yours pattern :-)
We basically that is a bullish reversal pattern my friend.
Simply based on the hourly stops below the hourly candle targeting 1.3125

Regards
BW
here it comes. BW is the fastest. Indeed mate. Thats BULLISH BHL ( Belt Hold Lines )+ MAT HOLD
BHL and MH in play. 3075 now 3090 next one. Hope to see 3125 today. Scale out you who hold the trade around 3080-90.
Quoting [email protected]
BHL and MH in play. 3075 now 3090 next one. Hope to see 3125 today. Scale out you who hold the trade around 3080-90.
I agree my friend if this gives way here we go to 1.3125 for 16:30 GMT
Be sensitive to subtle differences between 'intuition' and 'into wishing.
Here we are 3105 reached Perfect day today.
Quoting BlackWid0w
Happy New Year to all the visitors of this thread.
I thank you on behalf of The spiders den for your continued support.
Tarantula has done an amazing job on this thread to maintain the quality posting and this appreciated by all members
Thanks you
My First chart for the new year.

Regards
BW
Hi BW,

nice chart :-)


Btw, basically sharing your view to the pip.

What bothers me is 3187 - that is a virgin point of control (weekly) (market profile analysis)

There is a high chance that this point is traded again.........
Smart Money had been covering their long & mid term shorts with a gradual shift in sentiment from bearish to bullish since May 2012..
Sentiment have cross over from net bearish to net bullish for the 1st time since January 2011 when Euro climb another 10+ figures from 1.32 to 1.49.

Attached Image (click to enlarge)
Click to Enlarge Name: Euro CFTC COT-20130104-4 years.png Size: 123 KB


Medium Term, Looks like the Smart Money crowd are calling for 1.35~1.46 again..

Near Term, we have Daily & H4 "GO" Buy the Dips for retest of 1.33+ with potential pop up to 1.35..

Attached Image (click to enlarge)
Click to Enlarge Name: EU D1-20130108-BOD GO.png Size: 29 KB


"Follow the Trail of Smart Money"
http://a1.ec-images.myspacecdn.com/i...843cc84e/l.jpg
Happy New Year!
Nice to watch 1.3082 level.......... for buying dips...... (previous SR level 61.8 Fib Level and Daily Pivot)
Attached Image (click to enlarge)
Click to Enlarge Name: eur8th-4hr.gif Size: 29 KB
Quoting cdndollar
Smart Money had been covering their long & mid term shorts with a gradual shift in sentiment from bearish to bullish since May 2012..
Sentiment have cross over from net bearish to net bullish for the 1st time since January 2011 when Euro climb another 10+ figures from 1.32 to 1.49.

Attachment 1111889

Medium Term, Looks like the Smart Money crowd are calling for 1.35~1.46 again..

Near Term, we have Daily & H4 "GO" Buy the Dips for retest of 1.33+...


Hi CDN,

hope you had a good start into 2013 as well :-)



Regarding the smart-money:


the non-commercials are not the "right" smart money, because they are speculators like you and me (only with more many in their bags - unfortunately :-) )


The real smart money are the Commercials and they are now net-short


Attached Image (click to enlarge)
Click to Enlarge Name: cot_image001.png Size: 11 KB
Quoting infinitus
Hi CDN,

hope you had a good start into 2013 as well :-)



Regarding the smart-money:


the non-commercials are not the "right" smart money, because they are speculators like you and me (only with more many in their bags - unfortunately :-) )


The real smart money are the Commercials and they are now net-short


Attachment 1112016

see it this way:

the non-commercials, most of the time, are late in their decisions. When they were net long in January 2011, for example, the move to the north in EURUSD was already done.
GOOD chart.. GOOD post..and i am thinking that way.. but at this point in time i think hier ground.. have taken long positions based on reluctance to go lower and what i am seeing in usdx.. i think it will go 7980 at least.. enclosed is picture of EUUD 1 hr i am long at 3105..12..18
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 155 KB
Also here is picture of EUROX.. 4 hr.. note at this point in time quite a strong 4 hr bar.. quite diffrent to the EUUD 4 hr.. i have noticed quite often the EURX leads the EUUD.. if you look at the last 6 bars of the 4 hr EUROX to me quite bullish.. another reason why i am long side.. all just my opnion of course i may be totaly wrong
Attached Image (click to enlarge)
Click to Enlarge Name: eurox.gif Size: 29 KB
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