Spider's Den | Page 1008 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: Spider's Den
Exit Attachments

Spider's Den

  • #20,141
  • Nov 6, 2014 8:12am Nov 6, 2014 8:12am
I can't see anything but bulls for USDJPY today. Wall Street opens with higher values. TP at 115.40. GL!
  • #20,142
  • Nov 6, 2014 9:43am Nov 6, 2014 9:43am
Quoting T@rantula
USDJPY is trapped in a strong ascending channel and even fundamentals are aligned with techs. Thats why we should not expect any big retracement prior to NFP results. From technical standpoint USDJPY has 3 important POCs. The first POC is the 114.20 to 114.30 zone and it marks L3, DPP and 50.0 fib of the last swing. Also POC1 is very close to the channel bottom, making up for additional confluence. POC2 should only be touched if channel gets broken to the downside where we see deeper retracement level 88.6 % fib and previous buyers. POC2 comes around...
115.00 was hit so +50 pips could be made.
  • #20,143
  • Nov 6, 2014 12:50pm Nov 6, 2014 12:50pm
2nd chance trade : rejection from POC1 + 60 pips .
  • #20,144
  • Nov 6, 2014 1:18pm Nov 6, 2014 1:18pm
115 is very hard to crack so far. Fundamentals don't weigh in enough.
  • #20,145
  • Nov 6, 2014 1:24pm Nov 6, 2014 1:24pm
Quoting GoldenCaviar
115 is very hard to crack so far. Fundamentals don't weigh in enough.
Lets be happy with 50 pips at the moment
  • #20,146
  • Nov 6, 2014 2:35pm Nov 6, 2014 2:35pm
Quoting T@rantula
{quote} Lets be happy with 50 pips at the moment
Thanks for the great tips! Got a bit late there, but still riding the yen train and eyes on the next levels after 115 was cracked.
  • #20,147
  • Nov 7, 2014 6:51am Nov 7, 2014 6:51am
Quoting GoldenCaviar
{quote} Thanks for the great tips! Got a bit late there, but still riding the yen train and eyes on the next levels after 115 was cracked.
You are welcome! NFP is in 30 mins, so pay attention!
  • #20,148
  • Nov 7, 2014 8:00am Nov 7, 2014 8:00am
Any thoughts on the fundamentals from 30 minutes ago? Mixed, but I still think they are more in favour of a bullish USD.
  • #20,149
  • Nov 7, 2014 8:55am Nov 7, 2014 8:55am
GBPUSD has finally broken out of rectangle range and it resumed downtrend. After NFP spike showed that GBPUSD could retrace to 5870-85 region where we could start searching for fresh selling opportunities. We have a confluence of previous buyers - now sellers, H3 , DPP and 38.2/50.0 fib. Rectangle low above serves as resistance. GBPUSD is expected to reach 5790 and 5740 on fresh selling.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-07_15-40-28.png Size: 63 KB
  • #20,150
  • Nov 10, 2014 8:05am Nov 10, 2014 8:05am
I have shown this couple of times with CAMMACD ™. Its called high volatility trading. AUDCAD is showing nice High Volatility candle setup and we could see that on first attempt to sell it around 78.6, the trade was pretty successful, as there are also historical sellers around the level.2nd chance sell trade might come around 9835 at 88.6 fib retracement towards 9760 and 9735. Stop is pretty much close ( around 9855 ). High volatility candle is also trapped in the range, so for 9735 and lower 9760 needs to break first.

Attached Image (click to enlarge)
Click to Enlarge Name: 2014-11-10_14-55-48.png Size: 56 KB
  • #20,151
  • Nov 11, 2014 2:04am Nov 11, 2014 2:04am
Quoting T@rantula
I have shown this couple of times with CAMMACD . Its called high volatility trading. AUDCAD is showing nice High Volatility candle setup and we could see that on first attempt to sell it around 78.6, the trade was pretty successful, as there are also historical sellers around the level.2nd chance sell trade might come around 9835 at 88.6 fib retracement towards 9760 and 9735. Stop is pretty much close ( around 9855 ). High volatility candle is also trapped in the range, so for 9735 and lower 9760 needs to break first. {image}
That's a wonderful trade... This is something new for me, High Volatility Candle Trading. Thanks chief..
  • #20,152
  • Nov 11, 2014 2:45am Nov 11, 2014 2:45am
Quoting T@rantula
I have shown this couple of times with CAMMACD . Its called high volatility trading. AUDCAD is showing nice High Volatility candle setup and we could see that on first attempt to sell it around 78.6, the trade was pretty successful, as there are also historical sellers around the level.2nd chance sell trade might come around 9835 at 88.6 fib retracement towards 9760 and 9735. Stop is pretty much close ( around 9855 ). High volatility candle is also trapped in the range, so for 9735 and lower 9760 needs to break first. {image}
Quoting kalyan
{quote} That's a wonderful trade... This is something new for me, High Volatility Candle Trading. Thanks chief..
yes this one is good +45 pips
  • #20,153
  • Nov 11, 2014 4:06am Nov 11, 2014 4:06am
Quoting T@rantula
GBPUSD has finally broken out of rectangle range and it resumed downtrend. After NFP spike showed that GBPUSD could retrace to 5870-85 region where we could start searching for fresh selling opportunities. We have a confluence of previous buyers - now sellers, H3 , DPP and 38.2/50.0 fib. Rectangle low above serves as resistance. GBPUSD is expected to reach 5790 and 5740 on fresh selling. {image}
bro gbp usd trade is still valid or not?????
  • #20,154
  • Nov 11, 2014 5:27am Nov 11, 2014 5:27am
Quoting jone3
{quote} bro gbp usd trade is still valid or not?????
Yes!

Also today is Veterans day, so there might be some false spikes in the market.
  • #20,155
  • Nov 11, 2014 6:40am Nov 11, 2014 6:40am
Quoting T@rantula
I have shown this couple of times with CAMMACD . Its called high volatility trading. AUDCAD is showing nice High Volatility candle setup and we could see that on first attempt to sell it around 78.6, the trade was pretty successful, as there are also historical sellers around the level.2nd chance sell trade might come around 9835 at 88.6 fib retracement towards 9760 and 9735. Stop is pretty much close ( around 9855 ). High volatility candle is also trapped in the range, so for 9735 and lower 9760 needs to break first. {image}
Bro Aud CAd still valid or not for short????
  • #20,156
  • Nov 11, 2014 11:24am Nov 11, 2014 11:24am
Quoting jone3
{quote} Bro Aud CAd still valid or not for short????
As target is almost given, 0.9855 can give another short entry. But it could turn into scalp also because it may have a bigger retracement now.
  • #20,157
  • Nov 11, 2014 1:20pm Nov 11, 2014 1:20pm
Quoting T@rantula
GBPUSD has finally broken out of rectangle range and it resumed downtrend. After NFP spike showed that GBPUSD could retrace to 5870-85 region where we could start searching for fresh selling opportunities. We have a confluence of previous buyers - now sellers, H3 , DPP and 38.2/50.0 fib. Rectangle low above serves as resistance. GBPUSD is expected to reach 5790 and 5740 on fresh selling. {image}
bro now what u say about gbp usd pattren is still valid or not?????
  • #20,158
  • Edited 3:24pm Nov 11, 2014 3:13pm | Edited 3:24pm
Trying out that free divergence indicator Tarantula presented a few days ago. Is the bearish divergence signal for 1H EUR strong enough?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 56 KB
  • #20,159
  • Nov 12, 2014 12:39am Nov 12, 2014 12:39am
115.99 on USDJPY worked fine. there were already 3 entries.
  • #20,160
  • Nov 12, 2014 6:31am Nov 12, 2014 6:31am
Quoting GoldenCaviar
Trying out that free divergence indicator Tarantula presented a few days ago. Is the bearish divergence signal for 1H EUR strong enough? {image}
2510 needs to hold for 2280. Before 2280 is reached 2350 will be tested. NY will give us answer.
11 traders viewing now