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  • #18,161
  • Jan 10, 2014 7:43am Jan 10, 2014 7:43am
Quoting T@rantula
very bad results that don't go together witH Adp so euro usd is jumping we will see what will happen in the next few hours possibly there will be good setups for new shorts

Unemployment better than expected: 6,7%
  • #18,162
  • Jan 10, 2014 7:44am Jan 10, 2014 7:44am
Quoting infinitus
{quote} Unemployment better than expected: 6,7%

bull case will weaken, when we touch 3619; in this case an impulse up will be less likely
  • #18,163
  • Jan 10, 2014 9:05am Jan 10, 2014 9:05am
Watching 3690-3700 as first POC to the upside. Lets see if it will hold it and give some shorting opportunities. NFP results were disastrous, thats why we have dollar sell off.

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  • #18,164
  • Jan 10, 2014 11:32am Jan 10, 2014 11:32am
Quoting infinitus
{quote} bull case will weaken, when we touch 3619; in this case an impulse up will be less likely
Exactly Markus, I have shorted 3680, but closed it at 3659 as I dont want to carry over the trade I agree with u completely.
  • #18,165
  • Jan 13, 2014 3:51am Jan 13, 2014 3:51am
Hello guys. We traders call this day NFP Monday as this is the first Monday after NFP. Usually NFP Mondays are not so good for trading. Sometimes when we spot a good opportunity we may take exceptions but with proper MM. GBPUSD is retracing now giving us the chance to place longs on retracements with good r:r. I marked POC (Points of Confluence) on the chart and we see that those present nice buying opportunities. 61.8 can also spike the price. 78.6 is protected by multiple trendlines above it so 61.8 and 88.6 are stronger zones then 78.6 alone.

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  • #18,166
  • Jan 13, 2014 5:11am Jan 13, 2014 5:11am
Everything goes as planned. 61.8 was tested twice after the analysis. Trailing the stop now.
  • #18,167
  • Jan 13, 2014 9:45am Jan 13, 2014 9:45am
Quoting T@rantula
Everything goes as planned. 61.8 was tested twice after the analysis. Trailing the stop now.
got 15 pips overall although prior to drop it was 6432-6466 jump.

Today I will be holding a session recap webinar where we I will show new potential setups on 4 currency pairs. Feel free to join HERE.
  • #18,168
  • Edited 10:06am Jan 14, 2014 3:55am | Edited 10:06am
ALmost 100 pips after my webinar from yesterday on GBPUSD and 30 on EURUSD. This slide I used to present setup on GBPUSD Ill be making new analysis in next 20 mins.
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  • #18,169
  • Jan 14, 2014 4:45am Jan 14, 2014 4:45am
Today its possible to see upward continuation on EURUSD to 3715-25, where we can start looking for short trades. Yesterday on webinar I have projected BPC @ 3670 to 3740, but it seems that we might get a rejection around 3715-25 as it is the first POC. We have a 2nd chance BPC at 3670 for longs so if the target is 3715-25, would start searching for shorts there.

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  • #18,170
  • Jan 14, 2014 6:47am Jan 14, 2014 6:47am
If you watch the chart you can see potential Bearish wedge forming. Thats why 3715-25 looks logical to me and it stands as a target for that inverted head and shoulder variant inside of it
  • #18,171
  • Jan 15, 2014 3:10am Jan 15, 2014 3:10am
As i promised here is the analysis for USDCAD. As we can see the pair is really picking up the pace. Rising wedge has been formed which is a bearish sign and short trades can be taken only at the break of the wedge. I have marked the point of confluence, but still action needs to be observed prior to any position. Watch out for break of the wedge and then trail the stop to L3 level.
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  • #18,172
  • Jan 15, 2014 3:23am Jan 15, 2014 3:23am
Just noticed that I can now post to this thread, so will take the chance to say thank you for all that info
  • #18,173
  • Jan 15, 2014 3:58am Jan 15, 2014 3:58am
EURUSD analysis:

As we can see EURUSD fell from 3699-90 levels ( i was waiting 3715-25 ). As it looks like EURUSD is targeting 3585 as the first target but the price may be contained around 3607 as that is the lowest ATR stop. On the break of it we should see 3585 where we could search for long positions. For short trades id like to see a retracement to 3630-40 or even better 3650-55 as both are DEMAND POC zones. If that resists EURUSD could drop again to 3585 and 3550 levels subsequently.
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  • #18,174
  • Jan 15, 2014 4:05am Jan 15, 2014 4:05am
Quoting EternalNewB
Just noticed that I can now post to this thread, so will take the chance to say thank you for all that info
Yes welcome and feel free to post, comment and analyse. I will always strive to give best suggestions and answers. The thread is not just about EURUSD, EVERY currency pair can be analysed and discussed.
  • #18,175
  • Jan 15, 2014 4:34am Jan 15, 2014 4:34am
Thanx T, for analysis and insights specially for usd/cad. But still looking forward to 1.1 -Lau-
Enter Signature
  • #18,176
  • Edited 6:06am Jan 15, 2014 4:35am | Edited 6:06am
Thank you Tarantula. Your analysis look so simple, but extremely good. Keep going.

Brate, stvarno si car!
  • #18,177
  • Jan 15, 2014 6:14am Jan 15, 2014 6:14am
Quoting jovladan
Thank you Tarantula. Your analysis look so simple, but extremely good. Keep going. Brate, stvarno si car!

Thanks very much! Hahha, hvala Vladane!

Quoting dalauris
Thanx T, for analysis and insights specially for usd/cad. But still looking forward to 1.1 -Lau-
No problem You could have shorted it around POC 1 for good r:r. it dropped 30 pips.
  • #18,178
  • Jan 15, 2014 6:30am Jan 15, 2014 6:30am
I invite you to todays FREE webinar "MOMENTUM IN FX". I will be talking about momentum, momentum divergence and indicators that hint us the current and past momentum. Register HERE.
  • #18,179
  • Jan 15, 2014 7:02am Jan 15, 2014 7:02am
No problem You could have shorted it around POC 1 for good r:r. it dropped 30 pips.[/quote]


Yeah, I c, unfortunately was out at that time, waiting for the new opportunities to come. If usd/cad reach 1.1 and overcome it, Canada should think about some stimulus from a side, then we can expect for real and fast downfall, don't we?
Enter Signature
  • #18,180
  • Jan 15, 2014 8:08am Jan 15, 2014 8:08am
Quoting T@rantula
EURUSD analysis: As we can see EURUSD fell from 3699-90 levels ( i was waiting 3715-25 ). As it looks like EURUSD is targeting 3585 as the first target but the price may be contained around 3607 as that is the lowest ATR stop. On the break of it we should see 3585 where we could search for long positions. For short trades id like to see a retracement to 3630-40 or even better 3650-55 as both are DEMAND POC zones. If that resists EURUSD could drop again to 3585 and 3550 levels subsequently. {image}
Nice jump off the 3585 per analysis.
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