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  • #16,081
  • Dec 7, 2012 6:04pm Dec 7, 2012 6:04pm
Attached Image (click to enlarge)
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  • #16,082
  • Dec 7, 2012 7:40pm Dec 7, 2012 7:40pm
Morning..
With NFP & some funnys now out of the way, IMHO the stage is set for Euro to consolidate & rally into year end.. there's good odd for another visit up to 1.31+ on the narrow & a pop over 1.32+ on the wide for the rest of December & January..

This M/T Setup from 11/18 is still in play
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and there's good odd for this USDX vs EURUSD scenario to unfold
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Have a nice w/e..
  • #16,083
  • Dec 10, 2012 1:51am Dec 10, 2012 1:51am
Friday close gave 2 possible scenarios. We have a possibility to make a right shoulder and that would constitute head and shoulders pattern so the target could be 3010. The second option is to break Friday low 2878 and that would target 2855-50 initially and 2820 subsequently. Early morning range is between 2880-2915.

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  • #16,084
  • Dec 10, 2012 11:35am Dec 10, 2012 11:35am
Quoting T@rantula
Friday close gave 2 possible scenarios. We have a possibility to make a right shoulder and that would constitute head and shoulders pattern so the target could be 3010. The second option is to break Friday low 2878 and that would target 2855-50 initially and 2820 subsequently. Early morning range is between 2880-2915.

Attachment
Hi T,
Thanks for the analysis ....I am still in this trade via limit order on H4.

Waiting to see how to works out ...so far it appears to be working out well.
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  • #16,085
  • Dec 11, 2012 1:28am Dec 11, 2012 1:28am
Hi Friends,



from a Market Profil perspective, chances are high, that price will reach the VPOC @ 2905 over the next hours/day.


When I apply the starting point of the Market profile to the Fridays low @ 2876, we can see, that we have literally build two POC's, one at 2905 and 2936 so far.

In between this two we have a deep valley. Chances are high that this valley get filled

Should price take out the POC's at 2962 and, more importantly 2975, the virging POC at 3070 may find attraction. Hurdles on this way up are then the POC's 3004 and 3036.



To the lower side the VPOC's 2905, 2844 and 2819 may get attracted.

Once 2905 is broken, there should be relatively smooth sailing towards 2844 and 2819.
  • #16,086
  • Dec 11, 2012 1:50am Dec 11, 2012 1:50am
Quoting infinitus
Hi Friends,



from a Market Profil perspective, chances are high, that price will reach the VPOC @ 2905 over the next hours/day.


When I apply the starting point of the Market profile to the Fridays low @ 2876, we can see, that we have literally build two POC's, one at 2905 and 2936 so far.

In between this two we have a deep valley. Chances are high that this valley get filled

Should price take out the POC's at 2962 and, more importantly 2975, the virging POC at 3070 may find attraction. Hurdles on this way up are then the POC's...
Hi infinitus,
A Market Profile chart would be great ...are you using Market Delta for MP charts?
  • #16,087
  • Dec 11, 2012 1:50am Dec 11, 2012 1:50am
Good morning all.

EURUSD Analysis

As we stated yesterday, EU is still having a possible Head and shoulders pattern being as high as 2962. As long as EU is above 2900 3010 remains the target for this pattern. Break of 2878 targets 2840.
Interim resistance is 2970, support is 2930 followed by 2909.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 257 KB
  • #16,088
  • Dec 11, 2012 1:54am Dec 11, 2012 1:54am
Quoting infinitus
Hi Friends,



from a Market Profil perspective, chances are high, that price will reach the VPOC @ 2905 over the next hours/day.


When I apply the starting point of the Market profile to the Fridays low @ 2876, we can see, that we have literally build two POC's, one at 2905 and 2936 so far.

In between this two we have a deep valley. Chances are high that this valley get filled

Should price take out the POC's at 2962 and, more importantly 2975, the virging POC at 3070 may find attraction. Hurdles on this way up are then the POC's...
Hey Markus, agree with u 2909-05 should provide support, if the price is to go for 3010-30.
  • #16,089
  • Dec 11, 2012 1:57am Dec 11, 2012 1:57am
Quoting T@rantula
Good morning all.

EURUSD Analysis

As we stated yesterday, EU is still having a possible Head and shoulders pattern being as high as 2962. As long as EU is above 2900 3010 remains the target for this pattern. Break of 2878 targets 2840.
Interim resistance is 2970, support is 2930 followed by 2909.

Attachment
Good Morning T,
market seems to be slow may bee due to upcoming high impact news.
  • #16,090
  • Dec 11, 2012 2:05am Dec 11, 2012 2:05am
Quoting MktScape
Good Morning T,
market seems to be slow may bee due to upcoming high impact news.
Yes we may have some push to daily's lows or DPP or daily's highs prior to news. Need to wait.
  • #16,091
  • Dec 11, 2012 2:06am Dec 11, 2012 2:06am
Quoting MktScape
Hi infinitus,
A Market Profile chart would be great ...are you using Market Delta for MP charts?
Hi,

I am using MT4. See attached indicators......


First picture:

left monthly market profile
middle weekly
right daily

second picture

daily market profile, plus additional market profile set at the beginning of the recent upward consolidation
Attached Image(s) (click to enlarge)
Click to Enlarge Name: market profile.jpg Size: 130 KB
Click to Enlarge Name: market profile2.jpg Size: 92 KB
Attached File(s)
File Type: mq4 Market profile_KG_RDL_Pembatas_V3.2.mq4   10 KB | 469 downloads
  • #16,092
  • Dec 11, 2012 2:09am Dec 11, 2012 2:09am
Quoting infinitus
Hi,

I am using MT4. See attached indicators......


First picture:

left monthly market profile
middle weekly
right daily

second picture

daily market profile, plus additional market profile set at the beginning of the recent upward consolidation


ups, one indi was lost....
Attached File(s)
File Type: mq4 Market Profile ay-MarketProfileDWM.v1.31rev.mq4   36 KB | 483 downloads
  • #16,093
  • Dec 11, 2012 2:40am Dec 11, 2012 2:40am
Quoting infinitus
ups, one indi was lost....
Thanks a lot for the indis ...I am keen to learn MP, I am sure it add more insight to the levels.
  • #16,094
  • Dec 11, 2012 2:45am Dec 11, 2012 2:45am
Quoting infinitus
Hi Friends,



from a Market Profil perspective, chances are high, that price will reach the VPOC @ 2905 over the next hours/day.


When I apply the starting point of the Market profile to the Fridays low @ 2876, we can see, that we have literally build two POC's, one at 2905 and 2936 so far.

In between this two we have a deep valley. Chances are high that this valley get filled

Should price take out the POC's at 2962 and, more importantly 2975, the virging POC at 3070 may find attraction. Hurdles on this way up are then the POC's 3004 and...
Morning friends..
Looking for an extension up to 1.2978 with a potential blow off up to 1.3000~08..
daily above 1.2988 suggest the recent aberration is over & a retest of 1.3128~68..
  • #16,095
  • Dec 11, 2012 3:42am Dec 11, 2012 3:42am
My take.. 1 hr picture USDX.. caught between 20 ema and last 2 day.. by 3 day PPXS.. break below 8022 and 8021 i will take serious long possie EUUD.. have been scalping this ..over last 2 hrs.. for a few pips.. just my thoughts..
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  • #16,096
  • Dec 11, 2012 3:45am Dec 11, 2012 3:45am
1 min EUUD.. long possie
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  • #16,097
  • Dec 11, 2012 4:04am Dec 11, 2012 4:04am
Quoting danc
1 min EUUD.. long possie
Very good entry mate, thous a risk is a bit higher but its been valid.

It seems head and shoulders are forming. I will be looking to short at 3010-3030, maybe ill take a chance also at 2985 for a scalp trade.
  • #16,098
  • Dec 11, 2012 4:08am Dec 11, 2012 4:08am
Quoting T@rantula
Very good entry mate, thous a risk is a bit higher but its been valid.

It seems head and shoulders are forming. I will be looking to short at 3010-3030, maybe ill take a chance also at 2985 for a scalp trade.
out now T at 70 for 12...will watch for another hi side
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  • #16,099
  • Dec 11, 2012 4:23am Dec 11, 2012 4:23am
Quoting danc
out now T at 70 for 12...will watch for another hi side
Watch for reversal patterns starting from 2985. I dont see it more then 3030 if head and shoulders is respected.
  • #16,100
  • Dec 11, 2012 5:42am Dec 11, 2012 5:42am
EU..1 min long at 2972..
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