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  • #16,001
  • Nov 29, 2012 6:40am Nov 29, 2012 6:40am
I expect price to break that 3000 soon, lets see if we can get a short above. 3030 looks good to me. Also maybe some 10 point scalp around 3005-3010.
  • #16,002
  • Nov 29, 2012 9:06am Nov 29, 2012 9:06am
Quoting T@rantula
Also maybe some 10 point scalp around 3005-3010.
Thats it 3003 close it now , fast no brainer scalp
  • #16,003
  • Nov 29, 2012 9:10am Nov 29, 2012 9:10am
Quoting T@rantula
Thats it 3003 close it now , fast no brainer scalp
OOOps 2990 now well, i closed it earlier, but still 2 positions 3005 and 3010..well..am surprised it fell so quickly from 3010.
  • #16,004
  • Nov 29, 2012 9:12am Nov 29, 2012 9:12am
2975 now 2970 is intraday support.
  • #16,005
  • Nov 30, 2012 1:50am Nov 30, 2012 1:50am
A bit of early movement today.

we are still in uptrend, as we can see on picture. We are in bullish trending channel.
Its too high to buy now so we suggest shorting in 3040-50 zone with a tight stop as 3075 is next resistance above.
Any potential longs could be played out around 2970 but be very careful today as it is Friday and also the end of a month so there will be profit taking all over the place.

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  • #16,006
  • Nov 30, 2012 2:42am Nov 30, 2012 2:42am
best target zone right now seems to be 3062 to 3112. 3020-3040 is a strong zone and might proof to difficult to overcome.


above 3112 most likely 3162 to 320x


we should keep in mind, that a drop to max 2945-2950 can occur beforehand



right now I have best target of 3034-3036. We will see soon enough
  • #16,007
  • Nov 30, 2012 3:43am Nov 30, 2012 3:43am
Quoting infinitus
best target zone right now seems to be 3062 to 3112. 3020-3040 is a strong zone and might proof to difficult to overcome.


above 3112 most likely 3162 to 320x


we should keep in mind, that a drop to max 2945-2950 can occur beforehand



right now I have best target of 3034-3036. We will see soon enough
If we break 25 again 3035-40 would be that, i agree. But look at H4 we have double top, 30.10., 25.10 coinciding with last 2. If that rejects the price we could have a deeper retracement.

Its too high to buy it now, we can only go with a sell if we get the right price. For mid term traders, these are good shorting levels due to a good r:r ratio.

Only if the price breaks and closes above 3040, we can expect bullish continuation.

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  • #16,008
  • Nov 30, 2012 4:18am Nov 30, 2012 4:18am
Quoting T@rantula
If we break 25 again 3035-40 would be that, i agree. But look at H4 we have double top, 30.10., 25.10 coinciding with last 2. If that rejects the price we could have a deeper retracement.

Its too high to buy it now, we can only go with a sell if we get the right price. For mid term traders, these are good shorting levels due to a good r:r ratio.

Only if the price breaks and closes above 3040, we can expect bullish continuation.

Attachment


Hi T.,

completely agree.


I think, yesterday I wrote somewhere, that the 3010-3030 may be a hurdle too strong to overcome. And today I repeated it. With that beeing said and 3027 already tested this morning the bears may have already taken the rudder.

Break of 3040 would indeed be a bullish sign, but in this phase to take longs has bad R:R, as you already noted :-)


So again: completely agree....
  • #16,009
  • Nov 30, 2012 4:20am Nov 30, 2012 4:20am
test and retest of broken base-channel


now already back inside


wait and see
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  • #16,010
  • Nov 30, 2012 4:27am Nov 30, 2012 4:27am
Quoting infinitus
test and retest of broken base-channel


now already back inside


wait and see
Yes mate, monthly and weekly closing today.
  • #16,011
  • Nov 30, 2012 4:38am Nov 30, 2012 4:38am
Quoting T@rantula
Yes mate, monthly and weekly closing today.
Germany just agreed to give more money to Greece
  • #16,012
  • Nov 30, 2012 4:54am Nov 30, 2012 4:54am
Quoting infinitus
test and retest of broken base-channel


now already back inside


wait and see

a break of that channel to the lower side should lead us easily to 2945-2939 right now
  • #16,013
  • Nov 30, 2012 4:57am Nov 30, 2012 4:57am
Quoting infinitus
a break of that channel to the lower side should lead us easily to 2945-2939 right now
Yes its intraweek support.
  • #16,014
  • Nov 30, 2012 5:09am Nov 30, 2012 5:09am
@ pictures both 5 min.. EU looking to go hi side.. UDX low side.. looking for udx to stop at 7985
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  • #16,015
  • Nov 30, 2012 5:45am Nov 30, 2012 5:45am
So who are you at Platinum Investments ?.....Paul Scott?
  • #16,016
  • Nov 30, 2012 12:00pm Nov 30, 2012 12:00pm
Quick analysis:


so far, based on Murrey Math and Harmonic EW I see the following picture:


The move from the low @ 267x may find an end soon.

Under the most bullish condition I can see an max upside target of around 3149 to 3164. But that would be a very extended move.

Most likely a further move up will target 3036 to 3062


break of 3062 will offer 3086

But all in all I think of a max upside of 3062.


Should price attempt higher, not without a retracement first from max 3062 level to the downside.



To the downside 2978 to 2940 area should offer good resistance. A break of 2940 will offer 2878 at first.


Watch reaction at 2974 closely.



Right now I am not sure what EW structure we are in, but so far I think about wxyxz since the 267x bottom
  • #16,017
  • Nov 30, 2012 8:05pm Nov 30, 2012 8:05pm
Quoting FOURX
So who are you at Platinum Investments ?.....Paul Scott?
No
  • #16,018
  • Edited 9:25am Dec 2, 2012 7:56am | Edited 9:25am
Monthly critical Levels for Dollar Index:
A)78.06
B)80.12

Weekly Critical Levels for Dollar Index:
A)79.37
B)81.60

Daily Critical Levels for Dollar Index:
A)79.65
B)81.42

MY Sunday analysis
Regards
BW
Attached Image(s) (click to enlarge)
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Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #16,019
  • Dec 3, 2012 1:38am Dec 3, 2012 1:38am
Quoting BlackWid0w
Monthly critical Levels for Dollar Index:
A)78.06
B)80.12

Weekly Critical Levels for Dollar Index:
A)79.37
B)81.60

Daily Critical Levels for Dollar Index:
A)79.65
B)81.42

MY Sunday analysis
Regards
BW

Excellent post. We should mark the levels on USDx, that will help us when trading all major crosses.
  • #16,020
  • Dec 3, 2012 1:42am Dec 3, 2012 1:42am
2990 is support now. Judging from early price action, we could see 3060, where we could also try to short with 15 point stop. Buy into a dip with stops around 2990 could be played out or short around 3061 with 15 point stop, whichever comes first. In case of fast break through 3061 short it as close to 3075 as it can be keeping the stop just above.
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