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Spider's Den

Hello T, just checking in on you. I try to keep up but have been busy. I'm done for the year, I'll be starting back again in January (futures contracts). Just wanted to thank you for all of the good content and webinars, I always enjoy them and learn something new each time. Keep up the hard work and I look forward to any new stuff.

Mike
USDJPY is consolidating in a bullish pennant as investors are eagerly awaiting tomorrow's ECB decision and NFP report on Friday. The pair is congested within the bullish pennant and logically it should break to the upside which will confirm the validity of the pattern. If it fails the patter will be unsuccessful.
Target for the bullish breakout is determined by adding the height of the flagpole to actual breakout point. We can also see that H3 WPP is making a confluence with the actual pennant which is telling us that it is preferred that we see H1 strong candle or H4 close above H3 which could be a breakout/continuation move. Due to the nature of a bullish pennant the only valid setup is to the upside. The target is 124.10 zone. Any drop below the pennant (or continuation to the downside) will negate the bullish outlook.

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Quoting calderone
Hello T, just checking in on you. I try to keep up but have been busy. I'm done for the year, I'll be starting back again in January (futures contracts). Just wanted to thank you for all of the good content and webinars, I always enjoy them and learn something new each time. Keep up the hard work and I look forward to any new stuff. Mike
Hey Calderone,

Great to see you again! I hope that I will be seeing you here more often. Thanks for your comments! Always good to hear something new indeed!
Don't worry all new stuff will be updated here. Cheers!
Quoting nolimitz
Hey T@rantula! Thanks for a reply about demo competitions, probably I will go for Forexball in the beginning of 2016, but we will see Anyway, how many Forex books did you you read before you started trading? And how is your overall impression about Forex education, is it required for the beginning or should I just go into trading and see how it goes? I was thinking about reading this book: http://forex-library.com/steve-nison...arting-basics/, what is your opinion about it, or should I read something else? Thanks
Yes FXball is a good option. I think books are not important except for some. The best education is live and you can visit our webinars with Admiral Markets. Free stuff taken from my PNT method!

Price Action Trading School link
Quoting T@rantula
USDJPY is consolidating in a bullish pennant as investors are eagerly awaiting tomorrow's ECB decision and NFP report on Friday. The pair is congested within the bullish pennant and logically it should break to the upside which will confirm the validity of the pattern. If it fails the patter will be unsuccessful. Target for the bullish breakout is determined by adding the height of the flagpole to actual breakout point. We can also see that H3 WPP is making a confluence with the actual pennant which is telling us that it is preferred that we see...
Breakout in progress + 35 pips
Today we expect a huge volatility as we have ECB decision and press conference scheduled for 13:45 GMT. As I have stated many times regarding USD, there is a strength in USDx and there is a scope for EURUSD to proceed more down. However, due ti the nature of ECB meeting today I advise to stay out of EURUSD as we should focus on currencies that are also trending and showing good patterns.
NZDUSD has been trending nicely within the equidistant channel. We can spot T-89 pattern in progress. T-89 is the part of POC zone( 38.2, double bottom, historical buyers). Rejection from the zone 1.6610-20 targets 1.6710 - the top of equidistant channel. If the price pullbacks to the zone we should watch for any bullish reversal patterns as the zone could reject the price once more.

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Quoting T@rantula
Today we expect a huge volatility as we have ECB decision and press conference scheduled for 13:45 GMT. As I have stated many times regarding USD, there is a strength in USDx and there is a scope for EURUSD to proceed more down. However, due ti the nature of ECB meeting today I advise to stay out of EURUSD as we should focus on currencies that are also trending and showing good...
Hi T, is there a typing error on the values that you key on the above mentioned?
As what I have saw on the chart now is 0.66543....
Quoting T@rantula
There are two VERY imporant, key meetings this month. FED and ECB. ECB meeting is scheduled for this Thursday and we need to be very careful. There is a possibility for a rate cut by 10/20 bp although the expectations are that there will be no cut, but we need to be prepared for everything. The inflation is low, EU zone recovery is stagnant, EM (Emerging Markets) are slowing down and ECB could take action. Adding to that I also expect further QE. Technically the EURUSD is contained within the equidistant channel and we might see some weaker price...
1.0520 has been hit as planned.
Quoting fx-anew
{quote} Hi T, is there a typing error on the values that you key on the above mentioned? As what I have saw on the chart now is 0.66543....
Yes...sorry for typos.
Hi the PATS Leading and Lagging Indicator webinar, yet to be uploaded right?
Quoting dhinesk
Hi the PATS Leading and Lagging Indicator webinar, yet to be uploaded right?
Will be uploaded, was a hectic day today. I will post it here as soon as it is uploaded.
Quoting dhinesk
Hi the PATS Leading and Lagging Indicator webinar, yet to be uploaded right?
It has been uploaded

Inserted Video
Quoting T@rantula
{quote} It has been uploaded https://www.youtube.com/watch?v=g2EV...H5fQQY&index=8
thanks man...
Quoting dhinesk
{quote} thanks man...
You are welcome
Hi guys check my latest BLOG ENTRY. Maybe you will recognize yourself in some points

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can we join the hand

http://www.forexfactory.com/showthread.php?t=484850
don't predict direction, but dance with flow of water
Quoting priceaction1
can we join the hand http://www.forexfactory.com/showthread.php?t=484850
Hi , and welcome to the tread. Feel free to post your analysis and comment.
Sign Up for Session Recap- last week more than 350 pips available

Free for ALL as always

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The unemployment in Canada rose to 7.1 % and CAD weakened. On the contrary US NFP results came better than expected and Unemployment rate is steady which is another step towards the rate hike in December.
Technically,USDCAD and NZDUSD are showing positive correlation too which goes in alignment with my previous NZDUSD coverage (+100 pips after the analysis). USDCAD has been bought on dips and I expect the trend to continue. Currently we can see that USDCAD is showing regular bearish divergence in progress which might hint that the pair will retrace anytime soon. If that happens we might see a retrace to POC zone 1.3360-75 which could be used for another long positioning towards 1.3475 which is the target for this move. If we dont get any retrace watch out for 1.3430 strong breakout which might push the pair up to target point.
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Quoting T@rantula
The unemployment in Canada rose to 7.1 % and CAD weakened. On the contrary US NFP results came better than expected and Unemployment rate is steady which is another step towards the rate hike in December. Technically,USDCAD and NZDUSD are showing positive correlation too which goes in alignment with my previous NZDUSD coverage (+100 pips after the analysis). USDCAD has been bought on dips and I expect the trend to continue. Currently we can see...
And the breakout target has been hit. Buy on dips still valid
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