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Spider's Den

  • #19,261
  • May 12, 2014 3:43am May 12, 2014 3:43am
EUUD.. long 3762.. Cable long 6858
  • #19,262
  • May 12, 2014 3:46am May 12, 2014 3:46am
Hi spiders... how goes it? sorry i have been away, just got back yesterday and haven't traded at all but looks like my 1.3180 post from a couple of months back before 1.4140 may become a reality...

i shan't be trading i leave town again on friday for a few months.... good luck
  • #19,263
  • May 12, 2014 3:49am May 12, 2014 3:49am
1 hr euud.. diverges on 2 CCIs.... if she can break 20 ema reckon I will get some points.. long way to 4 hr 20 ema
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  • #19,264
  • May 12, 2014 3:51am May 12, 2014 3:51am
took the monie this one Cable 5 min
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  • #19,265
  • May 12, 2014 4:02am May 12, 2014 4:02am
usdx 4 hr as per this chart I got EUUD hier..must break white line current sit on.. just my opnion of course.. fingers and legs crossed
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  • #19,266
  • May 12, 2014 4:12am May 12, 2014 4:12am
Quoting T@rantula
{quote} {quote} Here, bro. EURUSD looks interesting. We have a bullish divergence and double bottom ( 3745 ) and price suggest a PB towards POC1 ( 3802-3810 ) and POC 2 ( 3840-45). I would personally like to see POC2 pullback as that is a bigger and more valid retracement- technically speaking. However POC1 could also give some scalps at least. H5 is rarely broken in pullbacks ( after substantial movement on intraday charts ) and 38.2 is making a confluence also. Regular bullish divergence is currently in play. {image}
Hi Chief,

How are you?
Do you see any importance at 3870. I doubt it may retrace till that level.
  • #19,267
  • May 12, 2014 8:52am May 12, 2014 8:52am
jus missed an entry on CADJPY by 2pips. But still if there is a rejection at 93.82, 93.64 could give an entry. If previous high is broken I look for 94.20
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  • #19,268
  • May 12, 2014 11:08am May 12, 2014 11:08am
Quoting egkid
{quote} As my teacher says: The key to understanding how an imbalance can occur is to recognize that the other timeframe buyer does not deal directly with the other timeframe seller. Recall that the local, or scalper, acts as a middleman between these two longer-term participants. Thus, the other timeframe buyer generally buys from a local, and the other timeframe seller typically sells to a local. Imbalance occurs when there are more other timeframe buyers than sellers or more other timeframe sellers than buyers, leaving the local with an imbalance....
Market still CLOSED

Low volume typically represents other timeframe directional conviction. Therefore, it is more likely to see low-volume
areas occurring in unbalanced, trending markets.
  • #19,269
  • May 13, 2014 4:01am May 13, 2014 4:01am
Quoting jaylovin
Hi spiders... how goes it? sorry i have been away, just got back yesterday and haven't traded at all but looks like my 1.3180 post from a couple of months back before 1.4140 may become a reality... i shan't be trading i leave town again on friday for a few months.... good luck
Welcome back Jay!
  • #19,270
  • May 13, 2014 4:02am May 13, 2014 4:02am
Quoting egkid
{quote} Market still CLOSED Low volume typically represents other timeframe directional conviction. Therefore, it is more likely to see low-volume areas occurring in unbalanced, trending markets.
Quoting danc
usdx 4 hr as per this chart I got EUUD hier..must break white line current sit on.. just my opnion of course.. fingers and legs crossed {image}
I was waiting for 3800 to sell into rally. News came out, bad numbers. Now it seems we cannot get into retracement.
  • #19,271
  • May 13, 2014 4:17am May 13, 2014 4:17am
Hi T,
EURUSD has its weighted price rising for a 24-day look back period.
The bands for one day also show a squeeze.
Normal play out for band squeeze is:
first direction price moves to is false.
In this case, first direction is DOWN therefore I suggest buying this pair once and if it forms a degree 2 swing low on 5 mins tf.
This should take us to 1.3840 and above.
Happy trading!
  • #19,272
  • May 13, 2014 4:28am May 13, 2014 4:28am
I'm in!!
Expecting 1.3840 and above.
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  • #19,273
  • May 13, 2014 4:40am May 13, 2014 4:40am
Quoting T@rantula
{quote} {quote} I was waiting for 3800 to sell into rally. News came out, bad numbers. Now it seems we cannot get into retracement.
We got bullish Cypher pattern on 4h SL@ 3730 AND us index as my previous post wait down move from 80 to 79.50
not bad R:R
I'm long@3745
  • #19,274
  • May 13, 2014 4:53am May 13, 2014 4:53am
if next week shows a decent swing down i shall trade it otherwise i will wait around 1.3180 or lower to long for new highs... 1.4450...

possibly 1.55 is another scenario i have... lets see
  • #19,275
  • May 13, 2014 4:57am May 13, 2014 4:57am
Quoting jaylovin
if next week shows a decent swing down i shall trade it otherwise i will wait around 1.3180 or lower to long for new highs... 1.4450... possibly 1.55 is another scenario i have... lets see
How u got this number J
3180?
  • #19,276
  • May 13, 2014 5:05am May 13, 2014 5:05am
Quoting pipcenturion
I'm in!! Expecting 1.3840 and above. {image}
Technically it can be achieved if H4 closes above 3745. The price is making N pattern at the bottom. This would be great as we could sell into retracement. WPP is 3840

Attached Image
  • #19,277
  • May 13, 2014 5:06am May 13, 2014 5:06am
Quoting egkid
{quote} We got bullish Cypher pattern on 4h SL@ 3730 AND us index as my previous post wait down move from 80 to 79.50 not bad R:R I'm long@3745
It seems we are all long here, lets see 3747. 18 pip stop. If it breaks thru, well we would need to wait for another potential setup. R:R is good, although is counter trend so the price can be stop grabbed.
  • #19,278
  • May 13, 2014 5:11am May 13, 2014 5:11am
Quoting T@rantula
{quote} It seems we are all long here, lets see 3747. 18 pip stop. If it breaks thru, well we would need to wait for another potential setup. R:R is good, although is counter trend so the price can be stop grabbed.
Well it is happening while I was writing the post. I got -18 on this one, lets see if next setup will be more rewarding. The risk im using is 1/3 normal position size.
  • #19,279
  • May 13, 2014 5:21am May 13, 2014 5:21am
Bad trade for me too.
Daily tf support at 1.3701
I will watch for bullish candle patterns around 1.3701 or lower and buy again.
i still am expecting 1.3840
Happy trading guys!
  • #19,280
  • May 13, 2014 5:26am May 13, 2014 5:26am
Im concerned with USDJPY at the moment as EURUSD has not any valid setups for me at this moment.. USDJPY is affected by Ukraine situation so we also should pay attention to that. W pattern is in play and retracement towards 102.20-102.15 should provide buying opportunity towards 102.60 and 103.00. Steep trendline keeps the pair from falling below 102.00 so we can have nice r:r here. We can also see historical buyers in the region.
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