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Spider's Den

EURUSD.. day short at 3512.............................
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usdx day picture......................................
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Quoting infinitus
{quote} Hi T., hope all is well. Just wrote in my thread, that I see good targets @ around 3580 and 3620. Pretty close with your assessment. :-) Right now the retail shorts seem to start to covering their large short positions, as can be seen here: http://fxtrade.oanda.com/analysis/historical-positions A pullback towards 34660 would be great, and most possible a good buying opportunity {image}

Are we done with downside?
EURUSD day.. looks down to me.. and usdx looks up..just my opnion of course.. not that I would know..
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I have this ATM... Had a bad week and bad Monday Tuesday..
Hope we go further north
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Quoting infinitus
{quote} Are we done with downside?
Damn, I had a long @ 3487, wanted to hold it overnight. Stop loss was set at 3460 but the trade was a bit leveraged. My gut feeling told me that i could be pipped out so I closed with 10 pip loss. If i had waited I would have been stopped out to the pip ! (3461 overnight low). As we could see EURUSD surged to 3515. I think we are still in a range, so PB towards 3470 could be bought. I may be focused more on cable ATM as dips are to be bought too.


Quoting danc
EURUSD day.. looks down to me.. and usdx looks up..just my opnion of course.. not that I would know.. {image}
Daily is bearish, H4 is bullish. Still...if you are counter trend trader 3515 has been rejected..If u want to go with a higher TF trend then again, dip towards 3470-50 could be bought. So far it looks like a channel, until 3515 is clearly broken we will be in a range. We need a strong break of 3515 + retest to go outside the channel boundaries..
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Quoting T@rantula
{quote} Damn, I had a long @ 3487, wanted to hold it overnight. Stop loss was set at 3460 but the trade was a bit leveraged. My gut feeling told me that i could be pipped out so I closed with 10 pip loss. If i had waited I would have been stopped out to the pip ! (3461 overnight low). As we could see EURUSD surged to 3515. I think we are still in a range, so PB towards 3470 could be bought. I may be focused more on cable ATM as dips are to be bought too. {quote} Daily is bearish, H4 is bullish. Still...if you are counter trend trader 3515 has been...

I have a long down there but dont know if i want to close it now, thats my problem leting a trade be profitable...
Probably it should be a good idea to wait for hour close to see how it forms up here..
Quoting Vladimir1987
I have this ATM... Had a bad week and bad Monday Tuesday.. Hope we go further north {image}
SO far im not happy with Monday and Tuesday too. The problem is that retracements have been VERY choppy.
Hope it gets retained here..
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Quoting Vladimir1987
Hope it gets retained here.. {image}
I have the exact same level.
A patten is starting to form on 15 min USDX.. even better patten on UDCHF.. break above 20EMA on these pattens and I will add to my EUUD possie.. short of course.. just my opn.. red line is week pivot mid
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Quoting danc
A patten is starting to form on 15 min USDX.. even better patten on UDCHF.. break above 20EMA on these pattens and I will add to my EUUD possie.. short of course.. just my opn.. red line is week pivot mid {image}
Yep i can see it. Wait for the news in 5 mins just to avoid the possible spike
I am gonna try a pending short at 1.3540 looking for a stop for today. Daily pivot there.

PS: cancelled didnt get hit
I might be wrong this time, but my analysis show 3560-70 region as the target for the move prior to a possible retrace. PA looks very choppy.3470 needs to hold ( and it was strong last few days) and we should see 3570. I based my analysis on intraweek trendline, fibs and broken channel line. The price has also been rejected off 3515 multiple times. If this move goes below 3470, we clearly have stop grabbers in place.

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The target has almost been hit. For all who are in the trade, you can exit now or scale out.
After reaching 3564 as my analysis suggested, we have seen a sharp slide at the market open creating a "gap". I will do the analysis but pre-analysis tells me we should sell the rallies tomorrow. H4 forming a bearish pattern so I will probably look to sell rallies to 3540-60 tomorrow.

Also last 3 weeks I have been working on my personal WEBSITE which will be live in 14 days app.
With all the debt ceiling issues here in the US don't you think that selling into it might not be the route?
Quoting kodflakes
With all the debt ceiling issues here in the US don't you think that selling into it might not be the route?
So far today, "gap" has been closed and selling into 3515 has proved fruitful. Still because of possible USA goverment shutdown investors and traders might b looking for safe heaven currencies (especially USD). The exception is cable where trend is steady and strong. For GBPUSD is buy the dips towards 6130-00 at the moment.
EURUSD is still trapped in a range and by a clear technical look I will explain why Ill be looking to sell into rallies. As i previously stated USA gov shutdown might lead to safe heaven buying. Now, we have notice that FRIDAY PA lead to 3464 NOT breaking the pre-high at 3568. Moderate selling lead to 3477 thus proving that bulls are still indeed weak. NFP this week could be answer to the question about possible QE tapering and economy. Notice the pins marked on the chart showing buying weakness but still 3470 is very important. ID like to sell around 3550 IF we get there for 3420-3386 making it a swing positional trade. For intraday setups 3520 stands as DAILY PP along with 50.0 fib retracement confluence so it might b also a good level to try a short trade.

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Finally a good day... Hope we go up for a retest to get it cheap and with lower risk.
Strong sell from weekly R1 this should hold it..
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