Spider's Den | Page 1032 | Forex Factory

Options

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

Spider's Den

  • #20,621
  • Jan 23, 2015 7:58am Jan 23, 2015 7:58am
I expect next surge of intraday sellers at 1245-70 region. This region should provide good interim selling opportunities. The price is volatile now, this is a correction now, so we might see fresh surge of sellers soon.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-01-23_14-54-50.png Size: 52 KB
  • #20,622
  • Jan 23, 2015 8:07am Jan 23, 2015 8:07am
very strong buying atm...
  • #20,623
  • Jan 23, 2015 8:09am Jan 23, 2015 8:09am
Quoting PariCovek
very strong buying atm...
yes...first rejection in the zone happening now, lets see.
  • #20,624
  • Jan 23, 2015 8:33am Jan 23, 2015 8:33am
Quoting T@rantula
{quote} yes...first rejection in the zone happening now, lets see.
Target?
  • #20,625
  • Jan 23, 2015 8:35am Jan 23, 2015 8:35am
35-50 pips depending on the entry. Trail stopped for 35.
  • #20,626
  • Jan 23, 2015 8:37am Jan 23, 2015 8:37am
Good one...
  • #20,627
  • Jan 23, 2015 8:38am Jan 23, 2015 8:38am
Quoting PariCovek
{quote} Target?
1.1180 first one, but i was trail stopped in 35 pip profit. I mean taking the profits on leveraged trades when volatility is high after 300 pip drop and 150 pip PB is ok.
  • #20,628
  • Jan 23, 2015 8:55am Jan 23, 2015 8:55am
Quoting PariCovek
Good one...
@Pari,

still think RBA will reduce rates? IMO, the velocity is very high, will be keen to look at where a/u close weekly....
Fall in love with the process, and the outcome takes care of itself.
  • #20,629
  • Jan 23, 2015 8:58am Jan 23, 2015 8:58am
Quoting T@rantula
{quote} 1.1180 first one, but i was trail stopped in 35 pip profit. I mean taking the profits on leveraged trades when volatility is high after 300 pip drop and 150 pip PB is ok.
Looks like another correction coming up again if it cracks 1.1260 again...
  • #20,630
  • Jan 23, 2015 8:59am Jan 23, 2015 8:59am
Quoting PariCovek
{quote} Looks like another correction coming up again if it cracks 1.1260 again...
Then i will be looking to sell 1350.
  • #20,631
  • Jan 23, 2015 9:01am Jan 23, 2015 9:01am
Quoting RelaxRay
{quote} @Pari, still think RBA will reduce rates? IMO, the velocity is very high, will be keen to look at where a/u close weekly....
We are going to have a lot of fun with the AUD.

RBA hawkish - its going back to 8200
RBA rate cut - its going to 7700

If it stays around 7900 we are in the sweep spot.
  • #20,632
  • Jan 23, 2015 9:17am Jan 23, 2015 9:17am
This correction is called profit taking. Each close of Sell position is automatic buy into the market. Profit taking is inspired by Friday as usual and uncertainty of Greek election results on Sunday.
  • #20,633
  • Jan 23, 2015 9:20am Jan 23, 2015 9:20am
T I am in EU and EG short on both and both are 100 pips in profit..... they have been steadily rising the last few hours though..... if it were you would you TP and get back in Sun Mon or would you hold those trades as they are a long way from entry?
  • #20,634
  • Jan 23, 2015 9:20am Jan 23, 2015 9:20am
Quoting PariCovek
{quote} We are going to have a lot of fun with the AUD. RBA hawkish - its going back to 8200 RBA rate cut - its going to 7700 If it stays around 7900 we are in the sweep spot.
interesting, imo i feel rba would be looking to talk down again with its 'fair level' and 'ideal pricing'
gosh, what a start to this year, so many risk events.
Fall in love with the process, and the outcome takes care of itself.
  • #20,635
  • Jan 23, 2015 9:26am Jan 23, 2015 9:26am
Spot Gold (USD) selloff has begun today.... Once Greek Elections are over, and as I like to say "part of the furniture" (outcomes are more certain) then Gold will retreat.
  • #20,636
  • Jan 23, 2015 9:36am Jan 23, 2015 9:36am
Quoting RelaxRay
{quote} interesting, imo i feel rba would be looking to talk down again with its 'fair level' and 'ideal pricing' gosh, what a start to this year, so many risk events.
RBA has not done a thing and the markets have done the job for them to date. RBA has the 7500 target. This will stimulate investment into manufacturing that we lost due to strong AUD during resources boom. House prices is a concern to them, no doubt, can't see them dropping more than 50bp in the next 1-2 years. If anything they will try to keep the cash rate in the 2.5% range so its in line with inflation targets.

Either way, get ready to pull the trigger on the AUD/USD pair upon RBA meeting.
  • #20,637
  • Jan 23, 2015 9:39am Jan 23, 2015 9:39am
Quoting PariCovek
Spot Gold (USD) selloff has begun today.... Once Greek Elections are over, and as I like to say "part of the furniture" (outcomes are more certain) then Gold will retreat.
Haha, a flight from gold, an entry to ?? .. we'll see..

Im interested in CPI on wednesday.
AUD holiday on mon, interesting to see if they get attacked.. well we'll see
Fall in love with the process, and the outcome takes care of itself.
  • #20,638
  • Jan 23, 2015 10:02am Jan 23, 2015 10:02am
Quoting RelaxRay
{quote} Haha, a flight from gold, an entry to ?? .. we'll see.. Im interested in CPI on wednesday. AUD holiday on mon, interesting to see if they get attacked.. well we'll see
CPI will be under 2% with oil/petrol easing... Gives RBA room to cut rates, but no certainty. The weaker the CPI figure (Eg <1%) expect some selling of AUD.
  • #20,639
  • Jan 23, 2015 10:04am Jan 23, 2015 10:04am
Quoting PariCovek
{quote} CPI will be under 2% with oil/petrol easing... Gives RBA room to cut rates, but no certainty. The weaker the CPI figure (Eg <1%) expect some selling of AUD.
yes i agree, a pump on the aud.. lets see where it goes.
Fall in love with the process, and the outcome takes care of itself.
  • #20,640
  • Jan 23, 2015 10:05am Jan 23, 2015 10:05am
Quoting T@rantula
{quote} Then i will be looking to sell 1350.
1.1350 on the cards now... here we go

35 pips? i'm not greedy
4 traders viewing now