Spider's Den | Page 1055 | Forex Factory

Options

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

Spider's Den

  • #21,081
  • Mar 16, 2015 11:22am Mar 16, 2015 11:22am
Quoting T@rantula
{quote} Im up for that. Got a short at 1.0550 which was stopped out for 40 pips, then I got 1.0610 short for some 30 pips. The price is trying to switch momentum on Daily chart ( possible railway/piercing line)
I doubt 1.0705 will be printed before down. Bt 1.0625 is definately a short level. But this sluggish market..............
Nzd shld back off from here imo.. If not 7445 is on the way even a spike to 7477 can also be.
  • #21,082
  • Mar 16, 2015 11:31am Mar 16, 2015 11:31am
Quoting kalyan
{quote} I doubt 1.0705 will be printed before down. Bt 1.0625 is definately a short level. But this sluggish market.............. Nzd shld back off from here imo.. If not 7445 is on the way even a spike to 7477 can also be.
Yes...not a good day for trend based setups. The problem is when V shape reversals happen, the only trend setup is shorting at the previous top of the "V". ( eurusd as close to 1.6035 for example ) and the same goes for all other pairs. First trade on V shape reversal usually goes wrong so there is only that second trade where we might get some profits later on.

The best is to wait for the price to settle and consolidate. For EURUSD i am sure that if 1.0550 had rejected the price it would have tested sub 1.0500 levels ( 1.0450-1.0400 )
  • #21,083
  • Mar 16, 2015 11:43am Mar 16, 2015 11:43am
Quoting T@rantula
{quote}The problem is when V shape reversals happen, the only trend setup is shorting at the previous top of the "V". ( eurusd as close to 1.6035 for example ) and the same goes for all other pairs. First trade on V shape reversal usually goes wrong so there is only that second trade where we might get some profits later on.
Thanks for this tip chief.
  • #21,084
  • Mar 16, 2015 11:48am Mar 16, 2015 11:48am
Quoting T@rantula
This is the worst nightmare of trend traders. V shape reversal {image}
at day 12 we have a v shape as well false reverse ?
Scalping
  • #21,085
  • Mar 16, 2015 1:22pm Mar 16, 2015 1:22pm
Quoting guguxpto
{quote} at day 12 we have a v shape as well false reverse ?
Which 12 day?
  • #21,086
  • Mar 16, 2015 1:35pm Mar 16, 2015 1:35pm
i watch Penguins of Madagascar

drop nzd don't b silly i waited all the day
  • #21,087
  • Mar 16, 2015 1:42pm Mar 16, 2015 1:42pm
Quoting egkid
i watch Penguins of Madagascar https://www.youtube.com/watch?v=retX8Wj7JdM drop nzd don't b silly i waited all the day
Lets see if ECB president can move the market in these late hours..
  • #21,088
  • Mar 17, 2015 2:44am Mar 17, 2015 2:44am
My tip for the rest of the week.

USD to weaken as "patience" is used in FOMC statement later today. This will lift SP and Dow Jones with some modest gains, despite Oil price slumping and dragging their Energy Sector.

Modest gains on Dax also, but slower than previous couple of weeks.
  • #21,089
  • Mar 17, 2015 3:18am Mar 17, 2015 3:18am
Quoting PariCovek
My tip for the rest of the week. USD to weaken as "patience" is used in FOMC statement later today. This will lift SP and Dow Jones with some modest gains, despite Oil price slumping and dragging their Energy Sector. Modest gains on Dax also, but slower than previous couple of weeks.
Im currently monitoring USDJPY, as presumed its gaining strength pre FOMC. 121.70 is interim resistance. It depends much on statement.
  • #21,090
  • Mar 17, 2015 3:22am Mar 17, 2015 3:22am
USD CAD has nice ascending triangle
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.png Size: 15 KB
  • #21,091
  • Mar 17, 2015 3:36am Mar 17, 2015 3:36am
Quoting T@rantula
{quote} Which 12 day?
take the liberty to use your image T that is what i´m asking
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-16_14-55-02.png Size: 25 KB
Scalping
  • #21,092
  • Mar 17, 2015 3:57am Mar 17, 2015 3:57am
EURJPY has formed an inverted head and shoulders pattern which can become inverted three buddha bottom on next swing down. POC1 comes at 128.10-05 zone ( 38,2. ,DPP, bottom of right shoulder ) and POC2 is at 127.80 zone (L3, 50.0, previous buyers aligned with left shoulder and potentially 3 buddha bottom right shoulder ). The price could reject from there but also if neckline is broken it could reject towards 129.15. Neckline is inclined with an angle and it stands at 129.00, but until H4 level is cleared it can be treated only as a scalp trade. Only if H4 breaks price can proceed towards 129.90 which is actually H5 and inverted 3 buddha/head and shoulders target.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-17_9-38-15.png Size: 62 KB
  • #21,093
  • Mar 17, 2015 5:05am Mar 17, 2015 5:05am
Quoting T@rantula
EURJPY has formed an inverted head and shoulders pattern which can become inverted three buddha bottom on next swing down. POC1 comes at 128.10-05 zone ( 38,2. ,DPP, bottom of right shoulder ) and POC2 is at 127.80 zone (L3, 50.0, previous buyers aligned with left shoulder and potentially 3 buddha bottom right shoulder ). The price could reject from there but also if neckline is broken it could reject towards 129.15. Neckline is inclined with an angle and it stands at 129.00, but until H4 level is cleared it can be treated only as a scalp trade....
3 buddha rejecting now
  • #21,094
  • Mar 17, 2015 6:29am Mar 17, 2015 6:29am
Quoting T@rantula
EURJPY has formed an inverted head and shoulders pattern which can become inverted three buddha bottom on next swing down. POC1 comes at 128.10-05 zone ( 38,2. ,DPP, bottom of right shoulder ) and POC2 is at 127.80 zone (L3, 50.0, previous buyers aligned with left shoulder and potentially 3 buddha bottom right shoulder ). The price could reject from there but also if neckline is broken it could reject towards 129.15. Neckline is inclined with an angle and it stands at 129.00, but until H4 level is cleared it can be treated only as a scalp trade....
Strange....Things are way different on my chart. Much bigger wick , deeper retracement etc...How come ?
Attached Image (click to enlarge)
Click to Enlarge Name: rsz_capture_d’écran_14.jpg Size: 84 KB
  • #21,095
  • Mar 17, 2015 6:33am Mar 17, 2015 6:33am
Hello onof,
T upload EUR/JPY pair or you upload EUR/USD pair. Therefore it`s different
  • #21,096
  • Mar 17, 2015 6:34am Mar 17, 2015 6:34am
Quoting evuuka
Hello onof, T upload EUR/JPY pair or you upload EUR/USD pair. Therefore it`s different
LOL..
  • #21,097
  • Mar 17, 2015 7:27am Mar 17, 2015 7:27am
Quoting T@rantula
EURJPY has formed an inverted head and shoulders pattern which can become inverted three buddha bottom on next swing down. POC1 comes at 128.10-05 zone ( 38,2. ,DPP, bottom of right shoulder ) and POC2 is at 127.80 zone (L3, 50.0, previous buyers aligned with left shoulder and potentially 3 buddha bottom right shoulder ). The price could reject from there but also if neckline is broken it could reject towards 129.15. Neckline is inclined with an angle and it stands at 129.00, but until H4 level is cleared it can be treated only as a scalp trade....
1st target hit!
  • #21,098
  • Mar 17, 2015 7:27am Mar 17, 2015 7:27am
Quoting onoff
{quote} LOL..
Quoting evuuka
Hello onof, T upload EUR/JPY pair or you upload EUR/USD pair. Therefore it`s different
  • #21,099
  • Mar 17, 2015 9:29am Mar 17, 2015 9:29am
1st breakout target reached

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-17_9-38-15.png Size: 62 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-17_15-26-46.png Size: 42 KB
  • #21,100
  • Mar 17, 2015 10:12am Mar 17, 2015 10:12am
Quoting egkid
what i c i sell nzs/u now @ 7355
position in play but will close soon"depends on watch it now" and let my other position i sell @74 in play and sl@be
13 traders viewing now