Spider's Den

Quoting T@rantula

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GBPUSD has broken through 6540 important zone without any proper retest. On the chart we can see POC zone 6535-45 zone which is very important. That was last week support now resistance. Also its L5 zone. If it pullbacks to POC we might get another short trade to 6500 and if it breaks 6500 then 6465 is the next target. 6465 is the target for 6650 pullback which has already happened. {image}

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Quoting egkid

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{quote} It will b back to it "1.6540"

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Quoting x46x

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{quote} Yes, but trades is not activated for me..

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Quoting T@rantula

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{quote} Yes the price didnt pullback to POC but still general target was hit. The purpose of analysis is to provide a) Accurate movement of the price ( trend direction where price will go to ) b) Potential targets c) Potential entries (POC) d) Reasons for the a) b) and c) POC entries are generally 80 % accurate, but proper pullback is needed.

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Quoting egkid

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{quote} 30 min close above 6497 confirm my view we will c

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Quoting x46x

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{quote} Thanks for explain, so you didn't jump to trade too or you find a different entry?

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Quoting T@rantula

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Has anyone ever told you that you can trade H & S to the long side? This the setup for GBPJPY. I use H & S pattern to actually exploit the retracement which will give me a better price for long entry. It seems GBPJPY is targeting 173.30-173.50 region. POC comes around 172.55. We can see historical seller which turned as buyers after successful breakout of L4 level. Also POC stands for L4/61.8/historical buyers confluence. Once GBPJPY breaks 172.75 we could see deeper retracement towards 172.55 region {image}

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Quoting guguxpto

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this is new for mi . very good work men hope you have charge well your bateries ; )

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Quoting T@rantula

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Has anyone ever told you that you can trade H & S to the long side? This the setup for GBPJPY. I use H & S pattern to actually exploit the retracement which will give me a better price for long entry. It seems GBPJPY is targeting 173.30-173.50 region. POC comes around 172.55. We can see historical seller which turned as buyers after successful breakout of L4 level. Also POC stands for L4/61.8/historical buyers confluence. Once GBPJPY breaks 172.75 we could see deeper retracement towards 172.55 region {image}

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Quoting guguxpto

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i make same pibs today wy ? correlacion aud very strong eur very week . leave my open posicions . could be luck but i have this way of seing correlacion for mi aud buy eur sell . can you give to me your opinion T can 1d 1 week 1yeat 3years {image}

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Quoting T@rantula

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This is PRE NFP SETUP As we could see EUR crosses have dropped pretty much after yesterday's ECB rate cut. Today we have NFP and judging by fundamental and technical reasoning ( which are in confluence ) we could take short EURUSD setup. Now as you already know NFP volatility can be high so the most logical action would be to short into retracement. I am not saying EURUSD couldnt straight-drop to below 2920 but its much safer ( both for your account and your nerves ) to trade professionally and logically- shorting when the price has retraced or...

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Quoting kalyan

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It needs guts to show this trading performance.Hope novice traders learn more out of this.SALUTE T.

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Quoting x46x

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Hi T, can you send me setups from yesterday recaps please? My internet was broken so I can't watch on it.

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