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  • #19,381
  • Jun 2, 2014 3:29am Jun 2, 2014 3:29am
On 5th of June there will be a very important meeting where it will be decided about EUR minimum bid rate. Bid rate is expected to be cut to 0.10 %. That gives us implication that EURUSD will be ranging till 5th of June and that all rallies possibly will be sold. From technical standpoint 1.3735-50 is the zone where we might find sellers towards 1.3585. Double bottom around 3585 will form FLAT BOTTOM DESCENDING triangle which is a sign of Bearish Congestion > Continuation so bear in mind that EURUSD is bearish in all sense. Only a clear break of 3650 may lead towards 3685 and 3700.

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  • #19,382
  • Jun 2, 2014 3:30am Jun 2, 2014 3:30am
Quoting guguxpto
y have to say very very nace forum clean charts reason to entry reason so stop everithing logical simple . thanks tarantura
Thanks and you are welcome
  • #19,383
  • Jun 2, 2014 4:45am Jun 2, 2014 4:45am
i make 10 pib it was possibili to make more but as a truck driver i canīt live positions to mutch time open iīm limited in inetrnet tarantula is this a h s
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Scalping
  • #19,384
  • Jun 2, 2014 7:37am Jun 2, 2014 7:37am
Quoting guguxpto
i make 10 pib it was possibili to make more but as a truck driver i canīt live positions to mutch time open iīm limited in inetrnet tarantula is this a h s {image}
Markets are ranging. 10 pips on 2 or 3 pairs today is equal to 30 pips . No strong intraday trend. Its Monday and this week will be heavy with fundamentals.
  • #19,385
  • Jun 3, 2014 3:11am Jun 3, 2014 3:11am
USDJPY has formed zig zag uptrend. From the intraday pint of view retracement may come around POC ( 102.10-102.00 ) and it seems the price is trying to reach 102.55 and 102.80 zone subsequently. Bullish Zig Zag goes in favor of USDJPY and for a proper trend entry retracement is needed. MACD is currently in retracement so we need to pay attention to important confluence zones ( POC - Points of confluence ).

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  • #19,386
  • Jun 3, 2014 4:18am Jun 3, 2014 4:18am
Quoting T@rantula
{quote} Markets are ranging. 10 pips on 2 or 3 pairs today is equal to 30 pips . No strong intraday trend. Its Monday and this week will be heavy with fundamentals.
yes a long this time y have learn somethings big traders loking to smal targets and grow they acaunt . my goal is at leass 10 pibs a day sometimes a get it some times not 95% acurate is a very good percentage .
do you look for relacion betwen pairs to see whitc currenci is stronger and whitch is weekness ? sow tou can buy the strong and sell da week ?
Scalping
  • #19,387
  • Jun 3, 2014 5:09am Jun 3, 2014 5:09am
Quoting T@rantula
Today is the trading month's end and we have a possibility to search for a possible short entries on gbpusd. 6770-6780 is POC region where we see intraweek fib confluence along with previous double bottom and h5 cam level. As long as 6805 isnt broken GBPUSD might be trading towards 6710-6695. {image}
Hi T!

Have you sold GBPUSD?
It reached POC region that you mentioned, great as always!

Bravo!
  • #19,388
  • Jun 3, 2014 7:53am Jun 3, 2014 7:53am
Quoting FX MiG
{quote} Hi T! Have you sold GBPUSD? It reached POC region that you mentioned, great as always! Bravo!
HI!

Thanks. Its all done by my CAMMACD ™ proprietary method.
yes. Sold it and I was stopped for +22 pips
  • #19,389
  • Jun 3, 2014 8:00am Jun 3, 2014 8:00am
Quoting guguxpto
{quote} yes a long this time y have learn somethings big traders loking to smal targets and grow they acaunt . my goal is at leass 10 pibs a day sometimes a get it some times not 95% acurate is a very good percentage . do you look for relacion betwen pairs to see whitc currenci is stronger and whitch is weekness ? sow tou can buy the strong and sell da week ?
Sometimes I look for correlations. But only when i trade 2-5 pair simultaneously. All analysis and trading is done by my CAMMACD .
  • #19,390
  • Jun 3, 2014 9:17am Jun 3, 2014 9:17am
Quoting T@rantula
On 5th of June there will be a very important meeting where it will be decided about EUR minimum bid rate. Bid rate is expected to be cut to 0.10 %. That gives us implication that EURUSD will be ranging till 5th of June and that all rallies possibly will be sold. From technical standpoint 1.3735-50 is the zone where we might find sellers towards 1.3585. Double bottom around 3585 will form FLAT BOTTOM DESCENDING triangle which is a sign of Bearish Congestion > Continuation so bear in mind that EURUSD is bearish in all sense. Only a clear break of...


EU volume profiles

see commentary on chart

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  • #19,391
  • Jun 3, 2014 10:28am Jun 3, 2014 10:28am
Quoting infinitus
{quote} EU volume profiles see commentary on chart {image}
Thanks Markus! Great job!
  • #19,392
  • Jun 4, 2014 3:50am Jun 4, 2014 3:50am
GBPUSD is trying to reach support zone at 6700-6695 and that level may provide buying opportunities. The thing is we have Head and Shoulders pattern and generally GBPUSD is in UPTREND on HIGHER TFs but it is bearish on lower TFs. We can use that as retracement to get into position for a long trade. In case of potential levels for long 6700-6695 could be used for short term positioning targeting 6800-6820 but have in mind that 6650 NEEDS to hold . In case of break through 6650 level, GBPUSD will target 6580.

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  • #19,393
  • Jun 4, 2014 8:10am Jun 4, 2014 8:10am
EURCAD has shown bullish divergence ( positive divergence ) at bottom coupled with inverted head and shoulders pattern. The zone at 4860-70 will possibly provide another buying opportunities towards 4955. We can see CAM levels also and historical buyers in the region.With 4955 touched EURCAD will complete rounded bottom pattern.
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  • #19,394
  • Jun 4, 2014 8:15am Jun 4, 2014 8:15am
Hey T.

Is the GBP/JPY setup from webinar still valid?

lp

dragan
fxkeys
  • #19,395
  • Jun 4, 2014 8:33am Jun 4, 2014 8:33am
Quoting dragan9
Hey T. Is the GBP/JPY setup from webinar still valid? lp dragan
Hello Dragan.

I would be very careful with that one as the setup was activated at 08:00 GMT+3 time today and was good for 25-50 pips (Depending on your entry ).
  • #19,396
  • Jun 4, 2014 9:03am Jun 4, 2014 9:03am
Quoting T@rantula
EURCAD has shown bullish divergence ( positive divergence ) at bottom coupled with inverted head and shoulders pattern. The zone at 4860-70 will possibly provide another buying opportunities towards 4955. We can see CAM levels also and historical buyers in the region.With 4955 touched EURCAD will complete rounded bottom pattern. {image}
+30 pips!
  • #19,397
  • Jun 4, 2014 9:29am Jun 4, 2014 9:29am
Quoting T@rantula
{quote} Hello Dragan. I would be very careful with that one as the setup was activated at 08:00 GMT+3 time today and was good for 25-50 pips (Depending on your entry ).
Thanks T.

I already took two trades for 60p combined, and i was thinking what now...thanks very much for your advice.

lpd
fxkeys
  • #19,398
  • Jun 4, 2014 9:31am Jun 4, 2014 9:31am
Quoting dragan9
{quote} Thanks T. I already took two trades for 60p combined, and i was thinking what now...thanks very much for your advice. lpd
I am very glad it helped!
  • #19,399
  • Jun 4, 2014 2:03pm Jun 4, 2014 2:03pm
hi tarantula i reajust my descending triangulo 1 new line whit better top 2 estocastic oversold on trend line down i think wil be loking down
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Scalping
  • #19,400
  • Jun 5, 2014 5:17am Jun 5, 2014 5:17am
Quoting guguxpto
hi tarantula i reajust my descending triangulo 1 new line whit better top 2 estocastic oversold on trend line down i think wil be loking down {image}
Today there is ECB bid rate/conference. Be careful. I dont advise any positional trading prior to announcements.
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