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  • #9,181
  • Dec 16, 2011 2:14am Dec 16, 2011 2:14am
Hello guys, today's levels are almost the same as yesterday so I wont post them today.

We need to concentrate on lower tfs and scalp as much as we can at the moment.

I recommend using a small trailing stop now. The possible range is 2997-3061 at the moment.
  • #9,182
  • Dec 16, 2011 2:15am Dec 16, 2011 2:15am
Quoting BlackWid0w
The Dollar Index (DXY) technical reviews show that the 80.00 swing point will be very hard to break and then hold without an implosion in global equity market trade. The same price was pivotal in 2004, 2005, 2007, 2008, 2009, and 2010, with swing points being formed each year as support and resistance.(Source LFB)

Today could be a profit taking day...so please note as master T says levels might not be defended as well as you would like them to.

I will be strictly following DXY today

Regards
BW
Very true, thanx for the info BW.
  • #9,183
  • Dec 16, 2011 2:18am Dec 16, 2011 2:18am
Quoting BlackWid0w
The Dollar Index (DXY) technical reviews show that the 80.00 swing point will be very hard to break and then hold without an implosion in global equity market trade. The same price was pivotal in 2004, 2005, 2007, 2008, 2009, and 2010, with swing points being formed each year as support and resistance.(Source LFB)

Today could be a profit taking day...so please note as master T says levels might not be defended as well as you would like them to.

I will be strictly following DXY today

Regards
BW...
Good morning...or Good Evening here...i follow live index VERY close.. or attempt to and try to include at all times in my decision making.. just on daily.. looks a littlr Dickey.. to me.. your thinking ??possible topping taking place??
  • #9,184
  • Dec 16, 2011 2:24am Dec 16, 2011 2:24am
Quoting T@rantula
Hello guys, today's levels are almost the same as yesterday so I wont post them today.

We need to concentrate on lower tfs and scalp as much as we can at the moment.

I recommend using a small trailing stop now. The possible range is 2997-3061 at the moment.
Hello!

Skype!
  • #9,185
  • Dec 16, 2011 2:31am Dec 16, 2011 2:31am
hey everyone

im only watching daily usdx levels and again its at that 50% retracement. no bearish divergence on RSI on d1 tf just a bearish doji which freaks me out at most.

im sure u guys saw the chart before i posted it here several times

its like... frozen.

struggling.

a dow short im having currently. didnt post it early, thread wasnt awake ill look like a loner, and some big leverage had to manage it first to be in a good position then can post.

sorry for the lagging nature of my trades
Attached Image (click to enlarge)
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Have I got something on my face, SOLDIER?
  • #9,186
  • Edited 4:40am Dec 16, 2011 2:32am | Edited 4:40am
Quoting T@rantula
Hello guys, today's levels are almost the same as yesterday so I wont post them today.

We need to concentrate on lower tfs and scalp as much as we can at the moment.

I recommend using a small trailing stop now. The possible range is 2997-3061 at the moment.
lower tfs and scalp

I have taken longs on this basis...technically long from DP
E: 1.3008
TP 1:1.3050
SL: 1.2993

Also Attatched is the dxy chart--Why we are stuck where we are

Regards
BW
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dxy.gif Size: 20 KB
Click to Enlarge Name: Trades.jpg Size: 19 KB
Click to Enlarge Name: eu longs2.gif Size: 24 KB
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,187
  • Dec 16, 2011 2:52am Dec 16, 2011 2:52am
Quoting BlackWid0w
lower tfs and scalp

I have taken longs on this basis...technically long from DP
E: 1.3008
TP 1:1.3050
SL: 1.2993

Also Attatched is the dxy chart--Why we are stuck where we are

Regards
BW
Vgood entry, im still flat, waiting for a rejection or breakout
  • #9,188
  • Dec 16, 2011 2:55am Dec 16, 2011 2:55am
Quoting T@rantula
Vgood entry, im still flat, waiting for a rejection or breakout
Hi T,

Thanks

Trade now set to be as today gonna see some abnormal things ...
But taking profit 1/3rd and letting run kind of day..

Hope dxy makes sense..

Kind regards
BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,189
  • Dec 16, 2011 3:01am Dec 16, 2011 3:01am
Quoting danc
Good morning...or Good Evening here...i follow live index VERY close.. or attempt to and try to include at all times in my decision making.. just on daily.. looks a littlr Dickey.. to me.. your thinking ??possible topping taking place??
Hi Danc,

I do my weekly analysis on sundays generally but from a technical point of view dxy charts to follow later on today...

I only use long term charts to satisfy my mental bias..but does not always work lol

Will definately post my charts..after lunch..

Have a good day

Regards

BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,190
  • Dec 16, 2011 3:05am Dec 16, 2011 3:05am
We have h1 stochastic bullish divergence.

If we pass this range 2997-3061 we might see 3120
  • #9,191
  • Dec 16, 2011 3:11am Dec 16, 2011 3:11am
Ill be going for full swing.

E:3030
S:2995
TP:3100-3120
  • #9,192
  • Dec 16, 2011 3:27am Dec 16, 2011 3:27am
1.304x area really need to be watch for making bias long........

Fib level on daily..... where price has seen rejection in past 2 days already........
  • #9,193
  • Dec 16, 2011 3:31am Dec 16, 2011 3:31am
Attached Image (click to enlarge)
Click to Enlarge Name: sto.jpg Size: 84 KB


We have a possible pattern W 1 2 3 in play, + divergence + price action
  • #9,194
  • Dec 16, 2011 4:32am Dec 16, 2011 4:32am
Looking at 4 hr ....it does not look good for long here...If it does go higher I am watching 1.3079 level first...and 1.3091.

Otherewise it can make another New low or Double Bottom.
Markets are not Random, they are designed!
  • #9,195
  • Dec 16, 2011 4:36am Dec 16, 2011 4:36am
Quoting BlackWid0w
lower tfs and scalp

I have taken longs on this basis...technically long from DP
E: 1.3008
TP 1:1.3050
SL: 1.2993

Also Attatched is the dxy chart--Why we are stuck where we are

Regards
BW
Upper Target hit trade only 1/3 left on trade :-)

Red line on chart
+34 pips

Now I will trade BPC--
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #9,196
  • Dec 16, 2011 4:59am Dec 16, 2011 4:59am
Quoting BlackWid0w
Upper Target hit trade only 1/3 left on trade :-)

Red line on chart
+34 pips

Now I will trade BPC--
  • #9,197
  • Dec 16, 2011 5:00am Dec 16, 2011 5:00am
Quoting T@rantula
Ill be going for full swing.

E:3030
S:2995
TP:3100-3120
Watching the trade from my cell phone. Ill be back in 1.30h
  • #9,198
  • Dec 16, 2011 6:35am Dec 16, 2011 6:35am
SCALING OUT +40 )
  • #9,199
  • Dec 16, 2011 6:38am Dec 16, 2011 6:38am
back again .

getting closer and closer
I SEE YOU !!
  • #9,200
  • Dec 16, 2011 6:41am Dec 16, 2011 6:41am
Quoting T@rantula
SCALING OUT +40 )
3078

2/3 scaled out +48 total
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