Spider's Den | Page 1089 | Forex Factory

Options

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

Spider's Den

  • #21,761
  • Aug 20, 2015 5:02am Aug 20, 2015 5:02am
Quoting T@rantula
{quote} Sure. Weekly Recap webinars- https://www.youtube.com/watch?v=wqah...D1yl4nRAm9vuG_ usually more then 150+ pips/avg Educational webinars: https://www.youtube.com/channel/UCeu...7OL05_bNrblyOA
very nice idea to put webbinar here T find my way there you talk about indicator to psicology maney manegement . i learn in there that y canīt fight my personalaty put all together make a profitable trader my way . scalper 10 to 20 pibs use 1 day to find sup res fib and ma 1h to entry just on a 10 20 ma simple as that .
very good stuff as allways thanks for the all suport you give to me here .
the only mastake is yīm using hadging that y think i will eliminate by the end of this eyar
yīve being in this for 4 eyars finaly a get there thankīs
sorry my inglis big hug
Scalping
  • #21,762
  • Aug 20, 2015 7:01am Aug 20, 2015 7:01am
The GBPUSD pair surprised with higher then expected CPI ( 0.1 actual vs 0.0 forecast ) but still the number is not good enough to justify a rate hike. Today Retail sales dropped by 0.5 % ( -0.1 % actual vs 0.4 % ) forecast and we know that retail sales is one of the primary gauges of consumer spending. Adding to that a member of MPC committee implied that inflation is still not close to 2 % target.
Technically GBPUSD was bought after strong CPI release but was quickly rejected from 1.5700 levels. After the rejection GBPUSD showed LH and LL with one weak HH after FOMC report yesterday. Still unable to recover above 1.5700, the pair looks bearish at the moment and 1.5645 is very important level to watch for. Below 1.5645 the pair could target 1.5600 and 1.5535. We can also spot a rising Equidistant channel but the pair has not confirmed uptrend unless 1.5700 is taken out.1 5645 shows history of buying which was strongly broken after bad retail sales. Although CPI number came better then expected , it shows that GBP needs more stimuli for a justified rate hike.
However any strong H4 candle above 1.5645 will aim for 1.5700 and 1.5750 as correlation between EURUSD and GBPUSD is strong while USDx has weakened.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-20_12-48-32.jpg Size: 247 KB
  • #21,763
  • Aug 20, 2015 7:02am Aug 20, 2015 7:02am
Quoting guguxpto
{quote} very nice idea to put webbinar here T find my way there you talk about indicator to psicology maney manegement . i learn in there that y cant fight my personalaty put all together make a profitable trader my way . scalper 10 to 20 pibs use 1 day to find sup res fib and ma 1h to entry just on a 10 20 ma simple as that . very good stuff as allways thanks for the all suport you give to me here . the only mastake is ym using hadging that y think i will eliminate by the end of this eyar yve being in this for 4 eyars finaly a get there thanks...
Thanks a lot ! Psychology is most important part of trading once you have mastered your technical and fundamental understanding
  • #21,764
  • Aug 20, 2015 7:25am Aug 20, 2015 7:25am
Quoting T@rantula
Also UJ and EU are highly negatively correlated . This is AM Correlation Matrix. Very useful tool. Also FOMC always has a big impact on market. Some days are not meant for trading. Relax and cherry pick. {image} {image}
Greetings Tarantula, may I know where can I get that table on the correlation matrix? Thanks
  • #21,765
  • Aug 20, 2015 9:28am Aug 20, 2015 9:28am
Quoting fx-anew
{quote} Greetings Tarantula, may I know where can I get that table on the correlation matrix? Thanks
Hi, its a tool provided by Admiral markets platform. It is free for all account holders, for all others its 30 days demo. You can try it free on DEMO. Open a demo acc with AM then download - Mt4 supreme edition as its a part of Supreme edition MT4
  • #21,766
  • Aug 20, 2015 9:29am Aug 20, 2015 9:29am
Quoting fxtyrant
{quote} yea 1.1150 short triggered though. anyways I don't think we go any higher than 1.11713 today. H1 has all sorts of divergence signals. so we're probably gona slow down now. and H4 might close back below 1.1140 to make this whole move a fake breakout.
its even touch 11205 now and keep going up... lol
  • #21,767
  • Aug 20, 2015 9:32am Aug 20, 2015 9:32am
Quoting T@rantula
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...
Technicals + Fundies aligned speak for itself

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-19_eurw.jpg Size: 255 KB
  • #21,768
  • Aug 20, 2015 9:35am Aug 20, 2015 9:35am
Quoting YvetteTeo
{quote} Or we can see my 1.12 resistance tested and get a clear rejection. Lol. P.s. so i can load another short
Time for some stop hunts and we should be back down range.
P.S. and short at 1.12 loaded.
Luck shines on the positive.
  • #21,769
  • Aug 20, 2015 9:52am Aug 20, 2015 9:52am
Quoting YvetteTeo
{quote} Time for some stop hunts and we should be back down range. P.S. and short at 1.12 loaded.
Same, good luck.

Andrew From SG also
  • #21,770
  • Aug 20, 2015 10:17am Aug 20, 2015 10:17am
Quoting dna9179
{quote} Same, good luck. Andrew From SG also
Oh hello there Good luck! More importantly though, do remember risk and money management.
Luck shines on the positive.
  • #21,771
  • Aug 20, 2015 11:01am Aug 20, 2015 11:01am
Quoting T@rantula
I warned about this. {quote} {image} {image}
Referring back to this chart, looking at how things are panning out, it feels like USD weakness across the board will persist.
Luck shines on the positive.
  • #21,772
  • Aug 20, 2015 8:52pm Aug 20, 2015 8:52pm
Quoting YvetteTeo
{quote} Referring back to this chart, looking at how things are panning out, it feels like USD weakness across the board will persist.
And there it hits my last short load at 1.125. The next hard resistance is 1.132 on my chart, it shouldn't get there though.
Luck shines on the positive.
  • #21,773
  • Aug 20, 2015 9:55pm Aug 20, 2015 9:55pm
Quoting YvetteTeo
{quote} And there it hits my last short load at 1.125. The next hard resistance is 1.132 on my chart, it shouldn't get there though.
Perhaps this pair can reach highest 1.128, provided if usd index can reach 95.50,
the lowest point on 10/July.
  • #21,774
  • Aug 20, 2015 9:57pm Aug 20, 2015 9:57pm
Quoting fx-anew
{quote} Perhaps this pair can reach highest 1.128, provided if usd index can reach 95.50, the lowest point on 10/July.
Well, we have it right there now, we will soon know the answer.
This EUR strength against most other currencies is a curious sight.
Luck shines on the positive.
  • #21,775
  • Aug 20, 2015 10:46pm Aug 20, 2015 10:46pm
Quoting YvetteTeo
{quote} Well, we have it right there now, we will soon know the answer. This EUR strength against most other currencies is a curious sight.
That is because EUR is in QE now.
A stronger euro price does not born well for euro zone economy, fundamentally.
I wonder will ECB do anything on its currency value if the euro continue to rise against the usd.
However, currently my view is same as yours, it should not reach 1.13 as we are seeing strong resistance on usd index by the price of 95.40
  • #21,776
  • Aug 21, 2015 4:58am Aug 21, 2015 4:58am
It might go to 1.1350. 1.1289 is next resistance if it breaks...
  • #21,777
  • Aug 21, 2015 5:46am Aug 21, 2015 5:46am
Quoting T@rantula
It might go to 1.1350. 1.1289 is next resistance if it breaks...
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-08-21_12-44-23.jpg Size: 10 KB
  • #21,778
  • Aug 21, 2015 6:09am Aug 21, 2015 6:09am
Quoting T@rantula
{quote} {image}
we poked above it for a minute, maybe a false break.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #21,779
  • Aug 21, 2015 6:52am Aug 21, 2015 6:52am
Quoting fxtyrant
{quote} we poked above it for a minute, maybe a false break.
We need to wait for a final profit taking later today..Make it or break it. Shorting GU and AU is better option.
  • #21,780
  • Aug 21, 2015 6:59am Aug 21, 2015 6:59am
Quoting T@rantula
{quote} We need to wait for a final profit taking later today..Make it or break it. Shorting GU and AU is better option.
LINK to the analysis is HERE
19 traders viewing now