Spider's Den | Page 1137 | Forex Factory

Options

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

Spider's Den

  • #22,721
  • Apr 25, 2016 5:39am Apr 25, 2016 5:39am
The USDCAD went down as analyzed on a previous Session Recap webinar and CAD was also supported by a good CPI and retail sales. Currently it seems the pair is waiting for FED decision this week and technically we see the range.
USDCAD price action is showing consolidation within the triangle which is also contained withing the consolidation zone (red rectangle). What traders would love to see is a breakout to the downside that would justify the bearish trend. If H1 closes below 1.2678 with a momentum candle or now moment sellers we could see it within 1.2620-00 target zone. Only a h1 momentum candle or 4h close below 1.2592 will mark 1.2530 as next potential target.
Traders should watch for a potential breakout in the trend (bearish) direction as any spike above the interim high (blue rectangle) could spike the pair towards 1.2740 thus making a bearish triangle breakout invalidated.
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-25_12-06-04.jpg Size: 258 KB
  • #22,722
  • Apr 25, 2016 8:10am Apr 25, 2016 8:10am
Quoting T@rantula
The USDCAD went down as analyzed on a previous Session Recap webinar and CAD was also supported by a good CPI and retail sales. Currently it seems the pair is waiting for FED decision this week and technically we see the range. USDCAD price action is showing consolidation within the triangle which is also contained withing the consolidation zone (red rectangle). What traders would love to see is a breakout to the downside...
Hi T, just wondering do you have the link for the webinar this week?
I was on work late today, thus I have miss it.
Can you upload the link for it?
Thanks
  • #22,723
  • Apr 25, 2016 9:55am Apr 25, 2016 9:55am
Quoting fx-anew
{quote} Hi T, just wondering do you have the link for the webinar this week? I was on work late today, thus I have miss it. Can you upload the link for it? Thanks
https://attendee.gotowebinar.com/reg...74432635644932
"Can you imagine what I would do if I could do all I can?" - Sun Tzu
  • #22,724
  • Apr 26, 2016 2:21am Apr 26, 2016 2:21am
Quoting Samurai.fund
{quote} https://attendee.gotowebinar.com/reg...74432635644932
Quoting fx-anew
{quote} Hi T, just wondering do you have the link for the webinar this week? I was on work late today, thus I have miss it. Can you upload the link for it? Thanks
Hey guys

Here is the video - Previous Session Recap
Inserted Video
  • #22,725
  • Apr 26, 2016 2:38am Apr 26, 2016 2:38am
[quote=T@rantula;8892725]{quote} {quote} Hey guys Here is the video - Previous Session Recap/quote]

Lot of touches quite early!
  • #22,726
  • Edited 3:28am Apr 26, 2016 2:45am | Edited 3:28am
[quote=dcavar;8892758]
Quoting T@rantula
{quote} {quote} Hey guys Here is the video - Previous Session Recap/quote] Lot of touches quite early!
Yes it happens sometimes

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-25_12-06-04.jpg Size: 258 KB
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 170 KB
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.jpg Size: 57 KB
  • #22,727
  • Apr 26, 2016 2:52am Apr 26, 2016 2:52am
Nenad, about AU...we had touch of 0.7680 and now already @.7765 for a sell...do we take that trade as well, if long was taken? Thanks
  • #22,728
  • Apr 26, 2016 3:28am Apr 26, 2016 3:28am
And another one 20+ pips now
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.jpg Size: 68 KB
  • #22,729
  • Apr 26, 2016 3:32am Apr 26, 2016 3:32am
Quoting dcavar
Nenad, about AU...we had touch of 0.7680 and now already @.7765 for a sell...do we take that trade as well, if long was taken? Thanks
Just saw your message.....Thats up to you - but yeah I see it..not sure now, It might sell too as master Candle needs a retracement
  • #22,730
  • Apr 26, 2016 6:08am Apr 26, 2016 6:08am
Final 5th winning trade of the previous Session Recap

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 173 KB
  • #22,731
  • Apr 26, 2016 7:23am Apr 26, 2016 7:23am
FXSTREET EXCLUSIVE ANALYSIS GBPJPY

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26GBJPY.jpg Size: 275 KB
  • #22,732
  • Apr 26, 2016 8:48am Apr 26, 2016 8:48am
Almost 100 pips up now!

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-26GBPJPYafter.jpg Size: 185 KB
  • #22,733
  • Apr 27, 2016 5:34am Apr 27, 2016 5:34am
Today Federal Reserve Chair Jane Yellen and other FOMC members could give us cues about potential rate hike in June. Market doesn't expect changes in Federal Funds Rate ( 0.50 % vs 0.50 %) decision today so we should focus on the statement itself as it is focused on the future. FOMC members always vote on where to set the target rate. All the individual votes are published in the FOMC statement afterwards.
USDJPY should be observed today as it is clearly in the range set by a Bearish Two Crows pattern. Pre FOMC range is 111.52-110.85. If we see 1h close above H3 camarilla PP or momentum breakout above 111.53 the pair could spike towards 111.85. Breakout below 110.83 should target 110.50 and 110.30. Be careful with ANY positions today as other USD and Yen crosses will be affected too.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-27_11-06-03.jpg Size: 259 KB
  • #22,734
  • Apr 27, 2016 5:46am Apr 27, 2016 5:46am
ACCU MM method that goes in a perfect synergy with CAMMACD analysis
Attached Image (click to enlarge)
Click to Enlarge Name: myfxbook4a.jpg Size: 140 KB
  • #22,735
  • Apr 27, 2016 8:44am Apr 27, 2016 8:44am
Hi guys,

I have just published a new blog post

Read it HERE

Attached Image (click to enlarge)
Click to Enlarge Name: twitter.png Size: 526 KB
  • #22,736
  • Apr 28, 2016 3:26am Apr 28, 2016 3:26am
BOJ announced end of stimulus. Huge drop on ninja
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-28_9-30-00.jpg Size: 191 KB
  • #22,737
  • Apr 28, 2016 5:49am Apr 28, 2016 5:49am
Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared quite hawkish last night even more than FED(!). The market was surprised by The Bank of Japan holding off on expanding monetary stimulus, investors were expecting more Abenomics which Kuroda failed to deliver.
Technically 82.80-83.00 is POC1 (38.2, historical sellers, inner trend line) and the price should reject after a potential first touch of the zone. However the drop was huge and more substantial retracement is favored. POC2 (EMA89, L4, inner trend line 2) 84.05-20 is another potential bearish rejection zone and if the price retraces in the zone we might also start looking for short opportunities.
So focus is on POC1 and POC2 as the price should reject off these zones. Targets are 82.09 and 81.66.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-28_12-09-42.jpg Size: 299 KB
  • #22,738
  • Apr 29, 2016 3:12am Apr 29, 2016 3:12am
Quoting T@rantula
Yen crosses fell heavily after BOJ decided no to go with more stimulus for now. The drops were direct and that means - VERY strong, without any retracement. Nikkei was slaughtered too. BOJ appeared quite hawkish last night even more than FED(!). The market was surprised by The Bank of Japan holding off on expanding monetary stimulus, investors were expecting more Abenomics which Kuroda failed to deliver. Technically 82.80-83.00 is POC1 (38.2, historical sellers, inner trend line) and the price should reject after a potential first touch of the zone....
+100 pip
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-28AUDJPY after.jpg Size: 111 KB
  • #22,739
  • Apr 29, 2016 8:23am Apr 29, 2016 8:23am
GBPUSD analysis- READ it HERE
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-04-29GBPUSD.jpg Size: 228 KB
  • #22,740
  • May 2, 2016 6:55am May 2, 2016 6:55am
Last week, the dovish FED sent USD in a downward spiral. The weakness in USD is obvious vs EUR, JPY and GBP. I have already warned about the strong GBPUSD, and today we are also witnessing the strength in the Fiber - EURUSD.
The most popular currency pair is gaining ground. Strong MACD suggests a possible breakout of 1.1492 ascending channel that will lead to 1.1507 , 1,1520 and potentially 1.1557 if we see a H1 momentum or candle close above 1.1507. If we see a retracement then 1.1448 and 1.1415 are levels to pay attention to. 1.1448 is the mini channel bottom within the equidistant channel, while 1.1415 shows a confluence with L3, DPP and previous bullish order block (blue rectangle).
At this point the EURUSD is at the top of the channel so pay attention to either breakout or a retracement towards POC1-2.

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-05-02_13-34-24.jpg Size: 250 KB
3 traders viewing now