Spider's Den | Page 1086 | Forex Factory

Options

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

Spider's Den

  • #21,701
  • Aug 17, 2015 4:18am Aug 17, 2015 4:18am
Quoting fxtyrant
hi Tarantula, so nice to see you finally in the commercial zone. how was your vacation?
Hey Brian,

Was good, i have recharged my batteries and im ready to do a full rock on the markets. Yes, the change is for the better. How are you?
  • #21,702
  • Aug 17, 2015 4:24am Aug 17, 2015 4:24am
Quoting T@rantula
{quote} Hey Brian, Was good, i have recharged my batteries and im ready to do a full rock on the markets. Yes, the change is for the better. How are you?
im good, ive started my twitter account for my follower to keep track of my open trades.
that's why im put in commercial member too.

any sights on EURUSD and EURJPY??
im still targeting 1.0780 and 134.80 for those....
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,703
  • Aug 17, 2015 4:31am Aug 17, 2015 4:31am
Quoting fxtyrant
{quote} im good, ive started my twitter account for my follower to keep track of my open trades. that's why im put in commercial member too. any sights on EURUSD and EURJPY?? im still targeting 1.0780 and 134.80 for those....
EURUSD - yes long term is targeting 1.03 if 1.1550 stands firm. Watch the weekly.
  • #21,704
  • Edited 4:55am Aug 17, 2015 4:39am | Edited 4:55am
Quoting T@rantula
{quote} EURUSD - yes long term is targeting 1.03 if 1.1550 stands firm. Watch the weekly.
lol ur gona piss of a lot of people in EURUSD thread whos largely disregarding long term fundamentals and still thinking EURUSD is bullish.... 1.03 wow.... but my LT target is 0.88 for EURO. that's if FED hikes to 3%
im bored as hell though... btw I followed your twitter, do you mind to follow mine as well??
its @fxtyrant,
you remember paulguy from yngwie chat right?? he and I are partners now.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,705
  • Aug 17, 2015 5:04am Aug 17, 2015 5:04am
Quoting fxtyrant
{quote} lol ur gona piss of a lot of people in EURUSD thread whos largely disregarding long term fundamentals and still thinking EURUSD is bullish.... 1.03 wow.... but my LT target is 0.88 for EURO. that's if FED hikes to 3% im bored as hell though... btw I followed your twitter, do you mind to follow mine as well?? its @fxtyrant, you remember paulguy from yngwie chat right?? he and I are partners now.
haha, sure! and i remember him ...long time ago. I wish you both GL!

RE EU - failed inverted 3 buddha bottom ( variant on inv h & s ) and inner trendline rejecting the price. Bearish long term

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-17_12-06-37.jpg Size: 205 KB
  • #21,706
  • Aug 17, 2015 5:29am Aug 17, 2015 5:29am
Quoting T@rantula
Hi guys, due to FF policy some things have changed but not much and it is for the better as I can share all free stuff i have been working with. Nothing will be changed in the way how we have been doing things here. Everything i post here is free and now I have the possibility to post links to my webinars and all stuff which is of course as always free. You can ask for indicators which i present on my webinars and stuff, and I will be glad to send you. The company where i work as the Head analyst and educator - Admiral...
Hi Tarantula,

Welcome back, thank you for this great support man really appreciate it. Hope you had a rejuvenating holiday. Will be going through all your webinars coming over the following month.
  • #21,707
  • Aug 17, 2015 7:46am Aug 17, 2015 7:46am
Quoting AyushAtts
{quote} Hi Tarantula, Welcome back, thank you for this great support man really appreciate it. Hope you had a rejuvenating holiday. Will be going through all your webinars coming over the following month.
Thank you! Feel free to go through all webinars and pay special attention to Price Action Trading School

All are welcome, I will start from scratch and will go from basic to advanced levels. It will be held each second Wednesday and of course its free

You can sign up HERE
  • #21,708
  • Aug 18, 2015 2:52am Aug 18, 2015 2:52am
For all who are in profit, protect your trade now

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-18_9-44-05.jpg Size: 116 KB
  • #21,709
  • Aug 18, 2015 3:25am Aug 18, 2015 3:25am
Last week NZDUSD dropped by a huge percent after PBOC devalued Yuan. Usually soft commodities ( AUD ) perform better then hard commodities ( NZD ), but this time NZD also dropped by a volatilty caused by devaluation. The pair is correcting itself now, and technically it shows Regular Bearish Divergence on H1 chart.
V Shaped Reversal that happened has retraced the pair to the level where it was sold instantly ( 0.6650 ), Next wave of sellers is showing up at POC ( H4, historical sellers, 61.8, regular bearish divergence ) at 0.6600 zone. Pullbacks towards 0.6600 could be used for further shorts towards 0.6550-40 and only a momentum break or 4H close below L4 ( 0.6540 ) would target 0.6510-00. Pay attention to the triangle as vortex of the triangle is close so, if the pair rejects from POC it still needs to pass below DPP/L3/Triangle lower TL ( 0.6550-40 )

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-18_9-55-42.jpg Size: 255 KB
  • #21,710
  • Aug 18, 2015 8:19am Aug 18, 2015 8:19am
Hi guys, i have published USDJPY analysis via Fxstreet. The exclusive analysis policy doesnt allow me to post on other websites but i am able to share the link

USDJPY Bearish pennant on H4 chart

Feel free to comment
  • #21,711
  • Aug 18, 2015 8:34am Aug 18, 2015 8:34am
Quoting T@rantula
Two weeks ago, I have warned that GBPUSD will start to move in a sideways formation and that was to be expected due to low volatility month. Inflation data from UK is due on Tuesday and most important thing BoE is focused at this point is improving labor and inflation data. Technically we see a rectangle formation on H4 time frame, and there is a host of historical sellers up there. 1.5690-1.5705 ( rectangle top sellers, historical sellers, H3 ) POC could be good for shorts towards 1.5580 and 1.5530. 1.5530-50 region could show some buyers as we...
Hi Tarantula,

I was wondering if this GBPUSD scenario for short is still valid or not. After the positive CPI data release yesterday prices skyrocketed back to the resistance area, considering strong CPI data release the prices shouldn't fall anymore is that correct? or do you think it is perfect time to sell as per your previous analysis on Cable before the CPI data release?
Attached Image (click to enlarge)
Click to Enlarge Name: gbp.jpg Size: 291 KB
  • #21,712
  • Aug 18, 2015 8:54am Aug 18, 2015 8:54am
Quoting AyushAtts
{quote} Hi Tarantula, I was wondering if this GBPUSD scenario for short is still valid or not. After the positive CPI data release yesterday prices skyrocketed back to the resistance area, considering strong CPI data release the prices shouldn't fall anymore is that correct? or do you think it is perfect time to sell as per your previous analysis on Cable before the CPI data release? {image}
Hey Ayush

IF you are in the trade treat it as a scalp swing trade. Primarily we had a BUY position which was slightly above my level ( 5530-40). So there is a possibility it might jump to test 5700-10 again. If you are in the trade, protect it.

The thing is we will have FOMC tomorrow and I guess GBPUSD might drop prior to release and during the day. However strong CPI could be a sign for a possible rate hike so this is the reaction which I have been talking about on yesterday's webinar.
  • #21,713
  • Aug 18, 2015 10:54am Aug 18, 2015 10:54am
Quoting T@rantula
{quote} Hey Ayush IF you are in the trade treat it as a scalp swing trade. Primarily we had a BUY position which was slightly above my level ( 5530-40). So there is a possibility it might jump to test 5700-10 again. If you are in the trade, protect it. The thing is we will have FOMC tomorrow and I guess GBPUSD might drop prior to release and during the day. However strong CPI could be a sign for a possible rate hike so this is the reaction which I have been talking about on yesterday's webinar.
BTW tarantula, is there any tool that indicates market volume?? i dont need to know which direction....
or we can simply have a look at options on the day to have an indication for the volumes in the FX market??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,714
  • Aug 18, 2015 11:08am Aug 18, 2015 11:08am
Protect the trade

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-18_14-55-12.jpg Size: 129 KB
  • #21,715
  • Aug 18, 2015 11:12am Aug 18, 2015 11:12am
Quoting fxtyrant
{quote} BTW tarantula, is there any tool that indicates market volume?? i dont need to know which direction.... or we can simply have a look at options on the day to have an indication for the volumes in the FX market??
Very hard to detect real tick volume. It depends of the broker liquidity providers. There is no real volume in forex ( as in stock markets ) as FX is not centralized. Thus we can only rely on tick volume.
There is a tool called market bias which takes something similar into account. I will show you tomorrow.
  • #21,716
  • Aug 18, 2015 11:02pm Aug 18, 2015 11:02pm
hey nenad, just gone short EURGBP 0.7050
got target around 0.6960

also. where exactly do you give out your trade ideas? to go long and short on pairs and stuff??
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,717
  • Aug 19, 2015 2:23am Aug 19, 2015 2:23am
Quoting fxtyrant
hey nenad, just gone short EURGBP 0.7050 got target around 0.6960 also. where exactly do you give out your trade ideas? to go long and short on pairs and stuff??
Hi Brian,

EURGBP is always better to trade on strong days like this. Here is THE LINK to Session Recap webinar registration page.
  • #21,718
  • Aug 19, 2015 2:52am Aug 19, 2015 2:52am
Very intersting article

http://www.bloomberg.com/news/articl...ck-devaluation
  • #21,719
  • Aug 19, 2015 3:16am Aug 19, 2015 3:16am
Quoting T@rantula
{quote} Hi Brian, EURGBP is always better to trade on strong days like this. Here is THE LINK to Session Recap webinar registration page.
Curious, do you have recordings of your webinars? The timing's kinda out for me.
Luck shines on the positive.
  • #21,720
  • Aug 19, 2015 3:26am Aug 19, 2015 3:26am
EURUSD Weekly outlook

Waiting for FOMC meeting minutes and report which is due on Wednesday, EURUSD has dropped after 4h closed below 1.1070. Fundamentally economic growth in Germany looks strong as we know that lower EUR fits exporters such as Germany. But still. Every FED meeting minutes is important as we might get a clue on rate hike timing
Technically the pair shows strong confluence at 1.1070 and 1.1000 zone. 1.1070 is showing the battle between buyers and sellers ,indicated by wicks, but also weekly PP. We know that PP are used for placing new orders , so traders should always pay attention to both Daily and Weekly PP. If we get H4 close ( presumably with stronger body ) above 1.1070, the pair could proceed to test 1.1185 and 4h close above 1.1185 will target 1.1250-65 the confluence zone of ascending upper trend line and H4 camarilla pivot.
Looking the downside we can spot lower ascending trend line, previous lows and inner trend line thrust. It is clear that 1.1000 is very important. Below EURUSD is targeting 1.0940 and if we get 4h close below it should target 1.0820-10.
Looking at the whole picture it looks like EURUSD is setting up for a Rising wedge ( upper ascending and lower ascending TL ) which is bearish. As the main trend is bearish, adding the forming of a bearish wedge, EURUSD could be traded both ways but selling into rallies is the better option at the moment.

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-19_eurw.jpg Size: 255 KB
7 traders viewing now