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  • #19,321
  • May 21, 2014 3:50am May 21, 2014 3:50am
Today a very important meeting will be held. - FOMC-. Because of that we must pay attention to important levels and EURUSD wil have much greater volatility then. 3735 and 3675 are crucial levels. I expect 1 of them to break during FOMC. If 3735 breaks to the upside EURUSD is targeting 3780 and if 3675 breaks 3620-00 should be targets. We can see intraweek and intraday consolidation and congestion represented by huge triangular PA. It is a clear sign that market has been waiting for FOMC.

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  • #19,322
  • May 21, 2014 5:52am May 21, 2014 5:52am
Quoting T@rantula
Today a very important meeting will be held. - FOMC-. Because of that we must pay attention to important levels and EURUSD wil have much greater volatility then. 3735 and 3675 are crucial levels. I expect 1 of them to break during FOMC. If 3735 breaks to the upside EURUSD is targeting 3780 and if 3675 breaks 3620-00 should be targets. We can see intraweek and intraday consolidation and congestion represented by huge triangular PA. It is a clear sign that market has been waiting for FOMC. {image}
interesting, how similar our analyses are


OK, let us look at the near term options for EU with FOMC looming
Volume analysis (past 160 days)
the divisor for bull or bear may be the 3666 level
bears: no business zones looming around 3650 and 3630; when we are able to overjump them with a momentum move, then we seem to be in just another distribution, which may have a POC near 3600 and a no business zone near 3533

bulls: no business zones near 3742 (strong) and around 3725 (weak); if price overcomes this obstacles, next stopping point is either 3795 (POC) or 3802 (no business zone) or 3807 (stronger POC); watch even for around 3780, since this is a near-term no-business zone, which got established in the past 32 days

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  • #19,323
  • May 21, 2014 7:13am May 21, 2014 7:13am
Quoting infinitus
{quote} interesting, how similar our analyses are OK, let us look at the near term options for EU with FOMC looming Volume analysis (past 160 days) the divisor for bull or bear may be the 3666 level bears: no business zones looming around 3650 and 3630; when we are able to overjump them with a momentum move, then we seem to be in just another distribution, which may have a POC near 3600 and a no business zone near 3533 bulls: no business zones near 3742 (strong) and around 3725 (weak); if price overcomes this obstacles, next stopping point is either...
Excellent analysis Markus!
  • #19,324
  • May 21, 2014 8:39am May 21, 2014 8:39am
Quoting T@rantula
Today a very important meeting will be held. - FOMC-. Because of that we must pay attention to important levels and EURUSD wil have much greater volatility then. 3735 and 3675 are crucial levels. I expect 1 of them to break during FOMC. If 3735 breaks to the upside EURUSD is targeting 3780 and if 3675 breaks 3620-00 should be targets. We can see intraweek and intraday consolidation and congestion represented by huge triangular PA. It is a clear sign that market has been waiting for FOMC. {image}
Breakout-retest trade entry and Breakout-Pullback-Continuation trade entry

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  • #19,325
  • May 22, 2014 4:35am May 22, 2014 4:35am
EURJPY shows a retracement and 139.40-45 is the next zone where we could start searching for short entries. We have a history of sellers there, 61.8 intraweek fibonacci retracement and previous breakout retest pattern. EURJPY targets are 139.05 and 138.60. Of course, use of trailing stop is recommended.

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  • #19,326
  • May 22, 2014 5:47am May 22, 2014 5:47am
GBPUSD is in uptrend. 1.6845-60 zone should provide buying opportunities though the stops should be placed around 6790 level. First target if technicals is respected is 6945-50. Trendline , fib and h4 confluence have been spotted in the zone.

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  • #19,327
  • May 22, 2014 8:17am May 22, 2014 8:17am
Quoting T@rantula
Of course, use of trailing stop is recommended.
Hello T@arantula i use Parabollic SaR for trailing the stop, do you have a recomended trailing stop method? There are many trailing stop methods could you give me an advice on this matter? Wich trailing fits better for your CAMMACD method?

Thanks a lot.

Best regards!
  • #19,328
  • May 22, 2014 9:13am May 22, 2014 9:13am
Quoting Incanus
{quote} Hello T@arantula i use Parabollic SaR for trailing the stop, do you have a recomended trailing stop method? There are many trailing stop methods could you give me an advice on this matter? Wich trailing fits better for your CAMMACD method? Thanks a lot. Best regards!

I use different method for trailing stop. it depends of the currency pair traded. I may write an article, concerning trailing stop. Usually after the prices moves 12-15 pips i put the trade on BE or if the momentum is strong, i make it BE+20 effectively locking 20 pips. Then for each 12 pips move my SL for +10. Since i trade 24 different pairs and my stop is 30 pips 95 % of the time its pretty good. CAMMACD is 75-80 % successful picking initial POC entries.
  • #19,329
  • May 22, 2014 10:40am May 22, 2014 10:40am
¿what do you thing about the place of GBP/USD now? ¿would you buy or would you wait for some signal???
  • #19,330
  • May 22, 2014 8:44pm May 22, 2014 8:44pm
Quoting T@rantula
{quote} I use different method for trailing stop. it depends of the currency pair traded. I may write an article, concerning trailing stop. Usually after the prices moves 12-15 pips i put the trade on BE or if the momentum is strong, i make it BE+20 effectively locking 20 pips. Then for each 12 pips move my SL for +10. Since i trade 24 different pairs and my stop is 30 pips 95 % of the time its pretty good. CAMMACD is 75-80 % successful picking initial POC entries.
Just new here what do you mean BE or BE+20?
  • #19,331
  • May 22, 2014 9:28pm May 22, 2014 9:28pm
Quoting sunstar5
{quote} Just new here what do you mean BE or BE+20?
He means that you should move your stop loss to break even or break even plus 20 pips.
  • #19,332
  • May 22, 2014 9:54pm May 22, 2014 9:54pm
Thanks calderone....got it
  • #19,333
  • May 23, 2014 2:23am May 23, 2014 2:23am
Quoting T@rantula
{quote} I use different method for trailing stop. it depends of the currency pair traded. I may write an article, concerning trailing stop. Usually after the prices moves 12-15 pips i put the trade on BE or if the momentum is strong, i make it BE+20 effectively locking 20 pips. Then for each 12 pips move my SL for +10. Since i trade 24 different pairs and my stop is 30 pips 95 % of the time its pretty good. CAMMACD is 75-80 % successful picking initial POC entries.
Hi, I have a two questions.

1. What is CAMMACD , I mean it is some modified MACD, but don't know

2. What is POC?

Thank you
  • #19,334
  • May 23, 2014 3:03am May 23, 2014 3:03am
Quoting x46x
{quote} Hi, I have a two questions. 1. What is CAMMACD , I mean it is some modified MACD, but don't know 2. What is POC? Thank you
CAMMACD - that T@rantula`s trading method with Camarilla pivots and MACD

POC - point of confluence....those are points/zones where we are looking to enter the trade
  • #19,335
  • May 23, 2014 3:28am May 23, 2014 3:28am
Quoting FX MiG
{quote} CAMMACD - that T@rantula`s trading method with Camarilla pivots and MACD POC - point of confluence....those are points/zones where we are looking to enter the trade
Thank you, is there any indicator for Camarilla pivots?
  • #19,336
  • May 23, 2014 3:28am May 23, 2014 3:28am
Quoting FX MiG
{quote} CAMMACD - that T@rantula`s trading method with Camarilla pivots and MACD POC - point of confluence....those are points/zones where we are looking to enter the trade
In order not to read 9xx pages, which pages can I find the explanations about this? Because I read tarantula statements, but I would like to read about it???
  • #19,337
  • May 23, 2014 4:14am May 23, 2014 4:14am
Quoting x46x
{quote} Thank you, is there any indicator for Camarilla pivots?
Yes there is, you can find it on forex factory.
  • #19,338
  • May 23, 2014 4:16am May 23, 2014 4:16am
Quoting Lavanda
{quote} In order not to read 9xx pages, which pages can I find the explanations about this? Because I read tarantula statements, but I would like to read about it???
This is a link(one of it) where T explains about POC a bit - http://www.forexfactory.com/showthre...ce#post7425042

Try to use search option on top of the paige on the left and try to find pages and posts
  • #19,339
  • May 23, 2014 5:41am May 23, 2014 5:41am
gbp/usd --> buy limit 6825 + spread?
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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
  • #19,340
  • May 23, 2014 5:57am May 23, 2014 5:57am
Rarely a trend to recover from 1x1. But see daily chart. Until now only two inside bars. I expect a low below 6830 - that means NeutralSlope. But I also expect the Bulls to close the day above Lo -> 6827.

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"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
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