Spider's Den

Is the reversal setup still valid?

Nice chart T and worked well.. have taken short in it this OZZ morn.. chart 15 min.. could be a top in place??? maby?????

T here is a picture of GBPJY.. day.. I have taken a small possie and will look to add to..?? .. i know this is one of your specials.you like to trade.. what are your thoughts?? is a top in place?? been going up a long while.. am in at 4355

Invalidation and Confirmation Levels in Financial Markets Ahead of Italian Referendum

http://www.admiralmarkets.com/analyt...ian-referendum - Your capital is at risk

DAX30
4 hour
https://fxmedia.s3.amazonaws.com/art...2-2016dax4.png
The German DAX index seems to be building a retracement for a wave 2 (brown). The Fibonacci levels of wave 2 vs 1 could act as support but a break below the 100% level invalidates wave 2 (brown). A break above the resistance (orange/red) could trigger a potential wave 3 (orange).
1 hour
https://fxmedia.s3.amazonaws.com/art...2-2016dax1.png
The wave 2 (brown) could test a deep Fibonacci like, such as the 61.8% or 78.6% levels, before completing the bullish turn. If that is the case, an ABC (purple) could develop within waves Y (green/blue).

EURJPY is dropping yes. re NZDUSD, a late reply but yeah it is going down. Especially because we have NFP today. USD might gain a bit of strength.

A late reply due to timezone difference. You are in OZ right? Yes Its down. I already took a small short +15 as I was late in the trade

Our pre-fact trading setups and expectations on Italian referendum ( GBPUSD already rejecting off 1.2650 )

Watch it all. We had a guest - GianCarlo from Italy a professional trader too - specializing in equities



*Your capital is at risk

USD/JPY waiting for NFP momentum

Live USD/JPY trade based on analysis ( spike trading )



*Your capital is at risk

EUR/USD tests weekly 1.05 bottom after no vote in Italian referendum

http://www.admiralmarkets.com/analyt...ian-referendum - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu4.png
The proposed Constitutional amendment vote in Italy was rejected in a referendum on Sunday 4 December. The no vote won by a clear majority and took nearly 60% of the votes. The EUR/USD reacted with bearishness to the news and fell back to the daily-weekly support zone (green lines).
1 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu1.png
The support Fibonacci levels are key break or bounce spots. A break below the 138.2% Fibonacci level of wave X (brown) invalidates the correction and indicates a continuation of the downtrend (wave 5 blue 4 hour chart). A bounce at support could, however, see price expand the correction of wave 2 (green).

Join Session Recap: +310 potential pips pool previous #webinar All results will be shown live

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Traded the AUDNZD pair again this afternoon before the RBA rate decision. Didn't have a chance to post earlier, but I saw a bullish pattern emerge with the 7sma crossing the 20sma to the upside before the RBA decision and there seemed to be a lot of historical support for this pair at the 1.04-1.042 level. Closed for 50 pips, in just 20mins.

EUR/USD shows 300 pip rally within bullish ABC zigzag

http://www.admiralmarkets.com/analyt...ish-abc-zigzag - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu4.png
The EUR/USD bounced at the support zone (green lines) as expected and indicated in yesterday's wave analysis. The bullish rally has been strong and impulsive but could face resistance at the Fibonacci levels of wave 2 (green). Waves 2 do tend to retrace deep so price might only pause at the 38.2% Fib but eventually retrace to a higher Fib like the 50% level.
1 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu1.png
The impulsive bullish rally seems to be a wave 3 (blue) which means that a shallow wave 4 (blue) correction could emerge. The bullish 5 waves could complete (blue) a larger ABC (purple) zigzag within wave 2 (green).

EUR/USD 4 hour time frame pullback

Hi Tarantula,
Can you help me with the pointer on your chart ?
What it means POC?

Regards,

Point Of Confluence. Thats the zone where we place our trades. You see, the price hit the zone, triggering a sell and we are in profit now

Hi Tarantula,
You can attach indicator ?

Regards,

Hi Tarantula,
I managed with the indicators.
How to determine POC?

Regards,

Hello ... Just Sharing a Chart of USD/JPY

http://www.graceland-updates.com/ima...16dec6usd1.png

My Trade Plan for 2017 if the Dow sells off is to go short USD/JPY. Any thoughts on this ?

Thanks

USD shows a wide range of waves versus EUR, GBP and JPY

http://www.admiralmarkets.com/analyt...ur-gbp-and-jpy - Your capital is at risk

EUR/USD
4 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu4.png
The EUR/USD bullish bounce at the support zone (green lines) could see a continuation higher once price completes a wave B (purple) at one of the Fibonacci levels. The bullish zigzag should price towards the Fib levels of wave 2 (green) without breaking above the 100% level (invalidation).
1 hour
https://fxmedia.s3.amazonaws.com/art...12-2016eu1.png
The EUR/USD failed to break the top and built a larger ABC (blue) correction instead within wave B (purple). Price needs to break above resistance (red) before a wave C (purple) is confirmed. Price could have completed the wave B (purple) at the 38.2% Fib but could also retrace deeper towards the 50% Fib, which will depend on the price action during the European and London open.