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  • #18,201
  • Jan 20, 2014 5:33am Jan 20, 2014 5:33am
What the session and how to Sign in for SESSION RECAP TODAY? Thanks
  • #18,202
  • Jan 20, 2014 6:31am Jan 20, 2014 6:31am
Hi... Chief,3580 wud be ideal for the low of 3465.I personally doubt even somewhere near to 3615.I may be wrong. so I go with you.
  • #18,203
  • Jan 20, 2014 8:49am Jan 20, 2014 8:49am
Quoting Igil
What the session and how to Sign in for SESSION RECAP TODAY? Thanks
http://www.admiralmarkets.com/education/webinars/
  • #18,204
  • Jan 20, 2014 8:50am Jan 20, 2014 8:50am
Quoting kalyan
Hi... Chief,3580 wud be ideal for the low of 3465.I personally doubt even somewhere near to 3615.I may be wrong. so I go with you.
Lets see, i would like to see more up prior to shorting
  • #18,205
  • Jan 20, 2014 5:04pm Jan 20, 2014 5:04pm
As i promised in the last session recap, here is the analysis of GBPAUD pair. As we can see there is a bearish wedge spotted on H4 chart and there is a retracement underway whcih is also signaled as MACD momentum loss. That means that H4 chart is under retracement and technically I have marked 8569 zone and 8455 zone for a potential long setups. Both are confluenced by historical levels of support and resistance and double fibs from the last most prominent swings. 8840 stands as the target prior to a possible breakout continuation up.

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  • #18,206
  • Jan 21, 2014 2:16am Jan 21, 2014 2:16am
Quoting T@rantula
As i promised in the last session recap, here is the analysis of GBPAUD pair. As we can see there is a bearish wedge spotted on H4 chart and there is a retracement underway whcih is also signaled as MACD momentum loss. That means that H4 chart is under retracement and technically I have marked 8569 zone and 8455 zone for a potential long setups. Both are confluenced by historical levels of support and resistance and double fibs from the last most prominent swings. 8840 stands as the target prior to a possible breakout continuation up. {image}
As you can see GBPAUD has hit POC1 during the night and its almost 100 pips up
  • #18,207
  • Jan 21, 2014 9:06am Jan 21, 2014 9:06am
Hello, Tarantula! give advice for EUR/USD, GBP/USD, USD/JPY. what are your predictions for the next few hours?
  • #18,208
  • Jan 22, 2014 3:43am Jan 22, 2014 3:43am
had been waiting from monday for 1.3575, had two short setups at the ready.
They were hit last night. I'm not waiting for new low though.. got out at 1.3535 because i won't have the time today to follow price action
Thanks again T!
  • #18,209
  • Jan 22, 2014 3:46am Jan 22, 2014 3:46am
Hello guys everything was said about EURUSD and other pairs on the last webinar. As for EURUSD you could see that 3580 has been sold out but we still wait for that 3475.

I see potential chance on USDJPY pair where we can see that the pair didnt manage to break the neckline of Head and Shoulders and I expect USDJPY to reach 104.70-105.00 soon. POC is the level where we can search for long trades and Target confluence is clearly seen on the chart. 104.25-104.05 are levels for a potential long trades as shown on the chart.


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  • #18,210
  • Jan 22, 2014 4:13am Jan 22, 2014 4:13am
Quoting ampburner
had been waiting from monday for 1.3575, had two short setups at the ready. They were hit last night. I'm not waiting for new low though.. got out at 1.3535 because i won't have the time today to follow price action Thanks again T!
You are welcome
  • #18,211
  • Jan 22, 2014 4:25am Jan 22, 2014 4:25am
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  • #18,212
  • Jan 23, 2014 6:00am Jan 23, 2014 6:00am
What I see today we can get new SELL trades on aussie. I will look for short positions on retracements. POC levels are marked on chart and we can see 2 inner trendlines that perfectly suit bearish trend.

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  • #18,213
  • Jan 23, 2014 6:12am Jan 23, 2014 6:12am
I will update EURUSD analysis after 13:30 gmt.
  • #18,214
  • Jan 23, 2014 6:39am Jan 23, 2014 6:39am
Quoting T@rantula
I will update EURUSD analysis after 13:30 gmt.

Hi T... I am back for a couple of weeks - shoot got delayed cause of some really unfortunate family crisis... nice spike on EU... I am still bearish but I would not short here... 1.3684 is key... I would prefer somewhere above 1.3730 to short... up to 1.3790... after that then its a bullish breakout imo.. at the moment I have a target down to 1.34 but i am thinking we go lower to 1.3180... lets see.. i have not traded at all this year! i am being good with patience so far but will take my first swing trade in the mid 1.37 with a reasonable stop in case i am wrong..
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  • #18,215
  • Jan 23, 2014 7:18am Jan 23, 2014 7:18am
Quoting jaylovin
{quote} Hi T... I am back for a couple of weeks - shoot got delayed cause of some really unfortunate family crisis... nice spike on EU... I am still bearish but I would not short here... 1.3684 is key... I would prefer somewhere above 1.3730 to short... up to 1.3790... after that then its a bullish breakout imo.. at the moment I have a target down to 1.34 but i am thinking we go lower to 1.3180... lets see.. i have not traded at all this year! i am being good with patience so far but will take my first swing trade in the mid 1.37 with a reasonable...
Hey Jay..hope all will be good.
As for EU, I still think it should drop to 3475-3420 but yet again you saw what happened. we had 2 days of a range, where 3580 was sold into. Today good numbers kicked in, lifting the pair. I agree with u, but i am not sure we will see 3730 soon. Will post the analysis in couple of mins
  • #18,216
  • Jan 23, 2014 7:40am Jan 23, 2014 7:40am
Quoting T@rantula
{quote} Hey Jay..hope all will be good. As for EU, I still think it should drop to 3475-3420 but yet again you saw what happened. we had 2 days of a range, where 3580 was sold into. Today good numbers kicked in, lifting the pair. I agree with u, but i am not sure we will see 3730 soon. Will post the analysis in couple of mins

3620 was previous support and we gotta break that again... as i say 3684 is key to breaking upside but there are bigger gates involved in the 1.3720 through to 1.3780 area...

3650 also being a tough level... i would prefer downside like you... 3507 was a good demand area but temporary i suspect so we will break it on next two attempts i reckon
  • #18,217
  • Jan 23, 2014 7:40am Jan 23, 2014 7:40am
As we can see EUR has broken 3585 with a strong momentum to the upside after the news. The spike is probably caused by short covering. If 3650-55 fails we could see 3680-3700 and by looking at upside momentum its strong. Prior to short entry watch for specific bearish reversal pattern around important levels. The thing is that 3585 broke with a strong momentum and it wasnt retested so pay attention to that level when retracement starts.

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  • #18,218
  • Jan 23, 2014 8:08am Jan 23, 2014 8:08am
Quoting T@rantula
As we can see EUR has broken 3585 with a strong momentum to the upside after the news. The spike is probably caused by short covering. If 3650-55 fails we could see 3680-3700 and by looking at upside momentum its strong. Prior to short entry watch for specific bearish reversal pattern around important levels. The thing is that 3585 broke with a strong momentum and it wasnt retested so pay attention to that level when retracement starts. {image}


World Class analysis by best trader of FF.......
  • #18,219
  • Jan 23, 2014 8:17am Jan 23, 2014 8:17am
Quoting T@rantula
As we can see EUR has broken 3585 with a strong momentum to the upside after the news. The spike is probably caused by short covering. If 3650-55 fails we could see 3680-3700 and by looking at upside momentum its strong. Prior to short entry watch for specific bearish reversal pattern around important levels. The thing is that 3585 broke with a strong momentum and it wasnt retested so pay attention to that level when retracement starts. {image}

Hi T., hi Jay,

hope all is well :-)


Looking at volume profiles, price has now room to reach the 3695 to 3720 "no business" area. Here I suspect at least the rejection of the recent upmove.

From an Elliott Wave point of view I have argued for days, if the majority of EW-analysts may be wrong suspecting a 1-2, 1-2 move (down) from the top at 389x.

I thought from the beginning, that we would have a nice chance, that the recent low of 3507 was the end of the first wave 1 down, and that the subwave 4 of this impulse down was an ABC-flat (where many pundits thought, that the B-wave down of the flat was the subwave 5 of the first impulse down.


Sorry, am on mobile right now, so no chart.


If I am right, we are now in a wave 2 up.

This wave 2 up may evolve as an ABC zigzag or flat.

If flat, we are now in C-wave impulse up.

If zigzag, then we have seen a leading diagonal 1, now in wave 3 up of the A-wave impulse.


Since leading diagonals are rare, chances are, that we are in an ABC-flat. The c-wave impulse should be finnished soon.

Question then is: is the wave 2 done after that, or do we have to expect more?

I would like to see more of this wave two, because time-wise it is a bit short.

Maybe the recent whole move up is only wave A of 2.

Ideal targets for a wave 2 up are:

3700 (50% retracement)
3744 (62% retracement)

3790-3810 resistance shelf (around 76% retracement)


From volume perspective, 3756 is high volume area, whereas low volume (no-business-area) starts then around 3800
  • #18,220
  • Jan 23, 2014 9:14am Jan 23, 2014 9:14am
Probably 3725 on the way.
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