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  • #16,301
  • Jan 16, 2013 2:38am Jan 16, 2013 2:38am
3184 is my strongest target for today, because it is 4/8 Murrey math pivot at daily TF and 4h TF, 8<78 at weekly, and 3/8 on monthly
  • #16,302
  • Jan 16, 2013 2:41am Jan 16, 2013 2:41am
Quoting infinitus
3184 is my strongest target for today, because it is 4/8 Murrey math pivot at daily TF and 4h TF, 8<78 at weekly, and 3/8 on monthly
but we already have divergence on 15min TF


maybe we have to recharge momentum first with a move towards daily pivot at 3319
  • #16,303
  • Jan 16, 2013 2:47am Jan 16, 2013 2:47am
Quoting infinitus
but we already have divergence on 15min TF


maybe we have to recharge momentum first with a move towards daily pivot at 3319
so far we have very short term ideal Murrey Math turning point between 3256 and 3245
  • #16,304
  • Jan 16, 2013 2:49am Jan 16, 2013 2:49am
Close below yesterday low would give some momentum in market.... i.e 1.3262x area.... which is 38.2 Fib level........ (9 Jan to 14Jan---- High Low).. otherwise..........
  • #16,305
  • Jan 16, 2013 4:14am Jan 16, 2013 4:14am
Quoting infinitus
so far we have very short term ideal Murrey Math turning point between 3256 and 3245
nice prices markus... i would say those prices are good for quick scalps... then i also have 3230
  • #16,306
  • Jan 16, 2013 4:28am Jan 16, 2013 4:28am
Quoting Munal
1.3262x area.... which is 38.2 Fib level........ (9 Jan to 14Jan---- High Low).. otherwise..........
Otherwise .......................
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  • #16,307
  • Jan 16, 2013 4:30am Jan 16, 2013 4:30am
Quoting Munal
Might be useful ...........
HAhah, very true- this should be a kind of a guide for novice traders- what to avoid.

Quoting infinitus
so far we have very short term ideal Murrey Math turning point between 3256 and 3245
And it has come to 3260 then it jumped. Look at that m5 candle. I call it bully candle. Very strong buying. My calculations went to 3240-20 consolidation zone, still if the ideal entry is missed, last could have been exploited also at the break of 3279 ( m5 chart) as 1 2 3.
  • #16,308
  • Jan 16, 2013 4:51am Jan 16, 2013 4:51am
Possible 1 2 3 bullish pattern on h4. If h4 candle closes above 3297 we may be back to 3350+. Candle will close in 70 mins.


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  • #16,309
  • Jan 16, 2013 5:03am Jan 16, 2013 5:03am
Hourly Chart......
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  • #16,310
  • Jan 16, 2013 5:10am Jan 16, 2013 5:10am
Its obvious we are bullish but when we trade we need to calculate the retracement and jump in. That was 3260-40: the area of last consolidation.
  • #16,311
  • Jan 16, 2013 5:12am Jan 16, 2013 5:12am
Quoting Munal
Hourly Chart......
Good chart. I would say it was a retest of 60s as its 38.2 fib retracement and it has made a triple bottom, signalling that there was no sellers out there.
  • #16,312
  • Jan 16, 2013 5:16am Jan 16, 2013 5:16am
Quoting T@rantula
Good chart. I would say it was a retest of 60s as its 38.2 fib retracement and it has made a triple bottom, signalling that there was no sellers out there.
And further for bulls to be in charge they need to protect 1.3292 to 1.3299 area what u said mate........
  • #16,313
  • Jan 16, 2013 5:19am Jan 16, 2013 5:19am
Quoting Munal
And further for bulls to be in charge they need to protect 1.3292 to 1.3299 area what u said mate........
Yes Munal, and if the price managed to go above 3350 with 3336 as a support we are back again in bullish tracks. Then we will can place a trade( or scale in) just above 3405 targeting for 3480, lets see.
  • #16,314
  • Jan 16, 2013 6:54am Jan 16, 2013 6:54am
It seems we will another push to the downside if 3260 fails 3240-20 is next. Reaction to 3325 was violent momentum given by news data release, and some stops were collected.

1 2 3 bullish is invalidated.
  • #16,315
  • Jan 16, 2013 7:09am Jan 16, 2013 7:09am
3230 should bounce for scalp
  • #16,316
  • Jan 16, 2013 7:13am Jan 16, 2013 7:13am
Quoting jaylovin
3230 should bounce for scalp
Yes that puts us in the region I mention in early analysis 3240-3220, but clear break of 60 is needed, seems the stops are clustered around 50s
  • #16,317
  • Jan 16, 2013 9:49am Jan 16, 2013 9:49am
Quoting T@rantula
Yes that puts us in the region I mention in early analysis 3240-3220, but clear break of 60 is needed, seems the stops are clustered around 50s
This looks bullish to me.

Smaller lot size trade initiated E: 3295 SL: 3235 TP: 3425 Will keep the trade, overnight if I have to.

I will cover some if 3250 breaks, but still good MM is applied. SO many rejections off 3260 and 2 bullies on h1.
  • #16,318
  • Jan 16, 2013 11:14am Jan 16, 2013 11:14am
Quoting T@rantula
This looks bullish to me.

Smaller lot size trade initiated E: 3295 SL: 3235 TP: 3425 Will keep the trade, overnight if I have to.

I will cover some if 3250 breaks, but still good MM is applied. SO many rejections off 3260 and 2 bullies on h1.

Have some Longs around 1.328x, 1.329x, 1.330x.

Targets looking 1.333x, 1.335x.

Now looks like resistance around 1.3310 on M15, need to clear this.
  • #16,319
  • Jan 16, 2013 11:22am Jan 16, 2013 11:22am
Quoting foxybunny
Have some Longs around 1.328x, 1.329x, 1.330x.

Targets looking 1.333x, 1.335x.

Now looks like resistance around 1.3310 on M15, need to clear this.
Top point 3310, In my view and i could b wrong it's best point for sell
GL
  • #16,320
  • Jan 16, 2013 11:30am Jan 16, 2013 11:30am
Quoting egkid
Top point 3310, In my view and i could b wrong it's best point for sell
GL

excellent as always EG
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