Spider's Den | Page 854 | Forex Factory

Options

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

Spider's Den

  • #17,061
  • Apr 9, 2013 8:06am Apr 9, 2013 8:06am
Seems EURUSD is going up w/o any retracement. 3085 is interim resistance, im watching 3070-85 zone for a short scalp swing, break of 3085 and no 2790 to buy

MY TA is pointing to 3140, but its hard to position on buying resistance, a good PB today on London open would have been excellent, now scalps and breakouts are only tradable strategies.
  • #17,062
  • Apr 9, 2013 8:38am Apr 9, 2013 8:38am
3072-3057 locking on 15 pips, scaling 70 % out.
  • #17,063
  • Apr 9, 2013 8:42am Apr 9, 2013 8:42am
Quoting T@rantula
3072-3057 locking on 15 pips, scaling 70 % out.
i took sell@3069
when back home will review where it standing
  • #17,064
  • Apr 9, 2013 9:16am Apr 9, 2013 9:16am
Quoting egkid
i took sell@3069 when back home will review where it standing


Right on time!
  • #17,065
  • Apr 10, 2013 5:37am Apr 10, 2013 5:37am
Yesterdays retracement from 3074-3028 was a retest of 3030 level which is now intraday support. 3122 is the top for the day and that is close to 3140 target. 3110 is now resistance and in next couple of hours it will be thrust above 3120 or retracement. Im watching candle formations.
If 3090 breaks to the downside 3065 is possible.
  • #17,066
  • Apr 10, 2013 7:44am Apr 10, 2013 7:44am
You see, 3090 broken 3075 reached. That was a breakout trade at least 10 pips of it. Breakout trades can also be used when there is low volatility in the market such as now. If DPP is tested id like to see a reversal to the upside.
  • #17,067
  • Apr 10, 2013 7:59am Apr 10, 2013 7:59am
Quoting egkid
i took sell@3069 when back home will review where it standing
OUT@BE
  • #17,068
  • Apr 10, 2013 7:59am Apr 10, 2013 7:59am
DPP has been reached!
  • #17,069
  • Apr 10, 2013 8:01am Apr 10, 2013 8:01am
Quoting egkid
OUT@BE
I closed some at 3057 it was subsequently 3028 but same..30 % stopped @ BE
  • #17,070
  • Apr 10, 2013 8:24am Apr 10, 2013 8:24am
Quoting T@rantula
You see, 3090 broken 3075 reached. That was a breakout trade at least 10 pips of it. Breakout trades can also be used when there is low volatility in the market such as now. If DPP is tested id like to see a reversal to the upside.

Perfect bounce off of DPP ( 3065) , 20 pips cached in.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 391 KB
  • #17,071
  • Apr 11, 2013 3:11am Apr 11, 2013 3:11am
Morning all
I review my chart and finished my plan for next weeks.
let's go step by step 1.3160 will b in play in 24h and 3230 next.
My play will b Long target previous points.
  • #17,072
  • Apr 11, 2013 3:50am Apr 11, 2013 3:50am
Quoting egkid
Morning all I review my chart and finished my plan for next weeks. let's go step by step 1.3160 will b in play in 24h and 3230 next. My play will b Long target previous points.
Hey EG I agree with you. 3140 > 3160 > 3230. I also have the levels. Cable and aussie are going relentlessly up, while EURUSD has been rejected by 3090 multiple times.

3040 is MAJOR intraday support. Id like for some pullback, if not...well patience then.
  • #17,073
  • Apr 11, 2013 3:54am Apr 11, 2013 3:54am
Today me and mr. Chris Svorcik will be hosting a COMPLETELY FREE WEBINAR about Money Management and how to PROTECT the profits. We will talk about leverage, position size etc.

Webinar is completely free and I invite you to join. The registration LINK IS HERE.

Webinar starts at 17:00 GMT ( 18:00 CEST)
  • #17,074
  • Apr 11, 2013 3:56am Apr 11, 2013 3:56am
Quoting T@rantula
Hey EG I agree with you. 3140 > 3160 > 3230. I also have the levels. Cable and aussie are going relentlessly up, while EURUSD has been rejected by 3090 multiple times. 3040 is MAJOR intraday support. Id like for some pullback, if not...well patience then.
good we have same view
  • #17,075
  • Apr 11, 2013 4:13am Apr 11, 2013 4:13am
Quoting egkid
good we have same view
SO far 3090 has been heavily protected, no real PB today just a small breakout. NZDUSD,GBPUSD,AUDUSD are very strong, still EURUSD is lagging heavily. This might lead to a drop in price and we can buy it later @ better price.

If not...its hard for me to buy it now. 3085 has been struggling with a breakout, 3100 is 00 resistance , i reckon there are some sell orders there. Then we have 3108, 3120..multiple resistance there.
  • #17,076
  • Apr 11, 2013 5:07am Apr 11, 2013 5:07am
here we go,

The best price i could get is 3090 after 3075 rejection..well..
  • #17,077
  • Apr 11, 2013 5:33am Apr 11, 2013 5:33am
Quoting T@rantula
EURUSD current analysis We can see as shown on the chart that EURUSD broke the channel upwards and I have shown a fork last week where 3 rising methods drove the price upward. Now notice ( marked in blue) a doji candle just at the channel top, after it broke the channel upward. BUY into retracement is suggested as possible targets are 3140 region and 3250 as a stronger pullback. 2980 2955 and 2930 are support levels and should provide a buying opportunities on retracements. {image} You can also read the analysis on my [url="http://www.forextrade.rs/forextrade_blog/analiza-eurusd-08042013"]Forex...
Analysis - 8th of April. Time to TP. 3090-3130 need to prepare myself for the webinar.
  • #17,078
  • Apr 11, 2013 5:51am Apr 11, 2013 5:51am
Quoting T@rantula
Analysis - 8th of April. Time to TP. 3090-3130 need to prepare myself for the webinar.
  • #17,079
  • Apr 12, 2013 4:44am Apr 12, 2013 4:44am
We are nearing a crossroads.

There can be no doubt about that. With Japan and Cyprus and Italy and North Korea and Syria, Egypt and Gold and New High in Dow and Bad NFP and EUR/JPY moving with USD/JPY
Then it is into the home stretch for a Black Swan Event.

Jim Sinclair is doing a presentation in Toronto today.

It is recommended you read his daily comments BS Free at WWW.JSMINESET.COM at least once a day.

Check WWW.FINVIZ.COM for great visulals on Risk Off and Risk Off.

Have a Great Weekend and go with Price Action, Supply and Demand and MONEYFLOW.

Have a Great Weekend and always remember to smell the roses and be positive and happy.

Take care and be well and always use a Trade Plan with a proper Risk Management Plan.

Money Management will keep you in the game.

Trading Forex is a Business and also a game since we do not trade in FREE markets.
  • #17,080
  • Edited 6:12am Apr 12, 2013 6:01am | Edited 6:12am
Hey guys,

Here is what I see now:

EURUSD has broken 3040 but hasnt closed below it. There is a potential M 1 2 3 reversal pattern which was made by the channel break but to be confirmed it needs to close below 3040 or retest it before continuation. Targets are 2970-2950 on M confirmation. The channel will be valid again if EURUSD gets above 3100 where it may test YS highs.

We need to see US data release scheduled for 13:30 GMT, to gain additional momentum.

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.jpg Size: 291 KB


You can also read the analysis on my FX Blog.
31 traders viewing now