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  • #16,021
  • Dec 3, 2012 2:27am Dec 3, 2012 2:27am
Quoting infinitus
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...
Agree with u mate, If 3060 is broken we need to be prepared for 3130, that would confirm the reversal.
  • #16,022
  • Dec 3, 2012 2:47am Dec 3, 2012 2:47am
Quoting T@rantula
Excellent post. We should mark the levels on USDx, that will help us when trading all major crosses.
Morning T & all..
Agree.. glad to see another nice post on the Dollar Index..
  • #16,023
  • Dec 3, 2012 2:55am Dec 3, 2012 2:55am
Quoting T@rantula
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.
Hi T.,

hope you had a nice weekend :-)


right now I got measured-moves targets around

3058

3062

3067

extended 3072 - 3080


so far I go with 3062
  • #16,024
  • Dec 3, 2012 3:30am Dec 3, 2012 3:30am
Quoting infinitus
Hi T.,

hope you had a nice weekend :-)


right now I got measured-moves targets around

3058

3062

3067

extended 3072 - 3080




so far I go with 3062

recalculated

3056

3059

3064

extended 3072-3080


so far I go with 3059
  • #16,025
  • Dec 3, 2012 7:18am Dec 3, 2012 7:18am
Quoting T@rantula
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.
3070 to 3055 nice 15 pips.
  • #16,026
  • Dec 3, 2012 6:27pm Dec 3, 2012 6:27pm
EURUSD ANALYSIS DECEMBER THE 4TH.

I will probably be late tomorrow but I already did the analysis. Here is the chart and explanation.

A clear break above 3075 is targeting 3140, where bullish reversal will be in play. 3030 is first and 3015 is 2nd support for the day and only below EURUSD could meet 2970 where we will probably see some heavier buying. Still our eyes are on 3075 break and 3140 subsequently.

My advice is to buy into dips. Buy into above mentioned supports, keeping the stops below 3010.

Attached Image (click to enlarge)
Click to Enlarge Name: eur.jpg Size: 270 KB
  • #16,027
  • Dec 4, 2012 3:50am Dec 4, 2012 3:50am
Hi Friends,


quick analysis:


Murrey Math:

3092 should not be breached to the upper side. Especially breach of 3100 will offer 3123, 3153 to 3184

A retracement/reversal below 3100 will most likely target first 3031, 3016 and 3000 short term. Over the next days expect at least 2939 to 2909.


A breach above 3184 will reveal more bullish potential against 3245, 3306 and 3672


EMA analysis

Mo1 TF EMA 40 @ 3334 (resistance)
W1 TF EMA 120 @ 3233 (resistance)
Mo1 TF EMA 21 @ 3141 (resistance)


4h TF EMA 21 @ 3019 (support) Mo1 TF EMA 120 @ 3009 (support)
1h TF EMA 21 @ 3054 (support)
D1 TF EMA 21 @ 2923 (support)



Best R:R for shorts can be found near 3141-3153

Second best is 3084-3092 with SL a bit behind 3100 (which makes it a dangerous SL because of possible stop-hunts)


A breach of 3141 - 3153 is an early warning for (much) more bullish potential
  • #16,028
  • Dec 4, 2012 3:52am Dec 4, 2012 3:52am
Quoting infinitus
Hi Friends,


quick analysis:


Murrey Math:

3092 should not be breached to the upper side. Especially breach of 3100 will offer 3123, 3153 to 3184

A retracement/reversal below 3100 will most likely target first 3031, 3016 and 3000 short term. Over the next days expect at least 2939 to 2909.


A breach above 3184 will reveal more bullish potential against 3245, 3306 and 3672


EMA analysis

Mo1 TF EMA 40 @ 3334 (resistance)
W1 TF EMA 120...


Out of EW sight there is a chance that the high is already in.
  • #16,029
  • Dec 4, 2012 6:09am Dec 4, 2012 6:09am
STffed if i can trade it bggerd around all nite for abt 15 points.. every time it looked to run it stopped and whent the other way..maby its just me..
  • #16,030
  • Edited 7:44am Dec 4, 2012 7:24am | Edited 7:44am
Quoting T@rantula
EURUSD ANALYSIS DECEMBER THE 4TH.

I will probably be late tomorrow but I already did the analysis. Here is the chart and explanation.

A clear break above 3075 is targeting 3140, where bullish reversal will be in play. 3030 is first and 3015 is 2nd support for the day and only below EURUSD could meet 2970 where we will probably see some heavier buying. Still our eyes are on 3075 break and 3140 subsequently.

My advice is to buy into dips. Buy into above mentioned supports, keeping the stops below 3010.

Attachment
I have bought 3077 and scaled out at 3095 as per analysis. 3092 needs to turn into support and that will confirm our 3140 target additionally.

Also watching 3110 reaction.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 5 KB


Quoting infinitus
Hi Friends,


quick analysis:


Murrey Math:

3092 should not be breached to the upper side. Especially breach of 3100 will offer 3123, 3153 to 3184




A breach of 3141 - 3153 is an early warning for (much) more bullish potential
  • #16,031
  • Dec 4, 2012 7:26am Dec 4, 2012 7:26am
Quoting danc
STffed if i can trade it bggerd around all nite for abt 15 points.. every time it looked to run it stopped and whent the other way..maby its just me..
Try to apply adding mate. Someone will call that adding into LOSERS, I call that ADDING into RETRACEMENT. Its always profitable as long as you get into the right direction.
  • #16,032
  • Dec 4, 2012 7:29am Dec 4, 2012 7:29am
Quoting T@rantula
Try to apply adding mate. Someone will call that adding into LOSERS, I call that ADDING into RETRACEMENT. Its always profitable as long as you get into the right direction.
Since I never get the perfect entry, I always use averaging out. Works well for me.

Added: my first entry is always below 1/2 %.
  • #16,033
  • Dec 4, 2012 7:45am Dec 4, 2012 7:45am
Quoting hfcgII
Since I never get the perfect entry, I always use averaging out. Works well for me.

Added: my first entry is always below 1/2 %.
Yes thats a good MM strategy.
  • #16,034
  • Dec 4, 2012 8:06am Dec 4, 2012 8:06am
Getting close to the real firework zone here..
Those patient big bad M/T bears have been a no show since the run-up from 1.2660 while the bulls had took out all S/T mini tops one after another.. A nice correction in-front of 1.3150 would add more born again bull liquidity for the eventual break above 1.32..

Attached Image (click to enlarge)
Click to Enlarge Name: capture-20121204-133315 Euro D1.png Size: 52 KB
  • #16,035
  • Dec 4, 2012 8:16am Dec 4, 2012 8:16am
Quoting cdndollar
Getting close to the real firework zone here..
Those patient big bad M/T bears have been a no show since the run-up from 1.2660 while the bulls had took out all S/T mini tops one after another.. A nice correction in-front of 1.3150 would add more born again bull liquidity for the eventual break above 1.32..

Attachment
3150-55 If i spot the divergence, that would be a sure short for me
  • #16,036
  • Dec 4, 2012 8:33am Dec 4, 2012 8:33am
Quoting T@rantula
3150-55 If i spot the divergence, that would be a sure short for me
yes, it may over-shoot.. but I don't think 1.3150 will be taken out on the 1st go from here.. so it's a very good risk-adjusted bet for patient dollar bulls..
  • #16,037
  • Dec 4, 2012 8:52am Dec 4, 2012 8:52am
Quoting cdndollar
yes, it may over-shoot.. but I don't think 1.3150 will be taken out on the 1st go from here.. so it's a very good risk-adjusted bet for patient dollar bulls..
Ill be looking for counter trade there, scalp swing aka selling into strength.
  • #16,038
  • Dec 4, 2012 9:06am Dec 4, 2012 9:06am
Quoting T@rantula
Also watching 3110 reaction. Attachment
Rejected. So 3110 is interim resistance now on the way to 3140+
  • #16,039
  • Dec 4, 2012 9:19am Dec 4, 2012 9:19am
Quoting T@rantula
3150-55 If i spot the divergence, that would be a sure short for me
haha, sane here :-)
  • #16,040
  • Dec 4, 2012 9:27am Dec 4, 2012 9:27am
Quoting infinitus
haha, sane here :-)
That should be a no brainer lol.
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