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  • #16,821
  • Mar 1, 2013 3:30am Mar 1, 2013 3:30am
Just noticed the Red news that Bernanke speaking tonight, perhaps action is waiting for him to speak.

There seem to be an early resistance of 3100 today so far. I did not catch this though.

Price has not break down below 3050, still waiting to see if there is this clear break down.

If price can break down below 3000 today, then looking for a downside target around 2790 for next week.
  • #16,822
  • Mar 1, 2013 3:36am Mar 1, 2013 3:36am
Quoting foxybunny
Just noticed the Red news that Bernanke speaking tonight, perhaps action is waiting for him to speak.

There seem to be an early resistance of 3100 today so far. I did not catch this though.

If price can break down below 3000 today, then looking for a downside target around 2790.
Quoting egkid
2960 very possible
my weekly daily 4h turn to bears and insist to that
BUT can't digest this big drop and YES 32 was suppose to hit BUT
No trade for me I Miss Something on my chart
Very strange...usually when this happens, Bullish pattern on support, Rising trendline, ABCD, no new low...it needs to retrace, and 3200 really looks good, but still its friday and anything can happen, from strict TA...well 3200 should be it. Anyway i could b wrong with estimation.
  • #16,823
  • Mar 1, 2013 3:38am Mar 1, 2013 3:38am
Quoting egkid
2960 very possible
my weekly daily 4h turn to bears and insist to that
BUT can't digest this big drop and YES 32 was suppose to hit BUT
No trade for me I Miss Something on my chart
Close under 1.30 confirm bears view and trend change
i will wait my weekly close and when b sure will post
Catch u next week
  • #16,824
  • Mar 1, 2013 3:48am Mar 1, 2013 3:48am
Quoting T@rantula
Very strange...usually when this happens, Bullish pattern on support, Rising trendline, ABCD, no new low...it needs to retrace, and 3200 really looks good, but still its friday and anything can happen, from strict TA...well 3200 should be it. Anyway i could b wrong with estimation.

Price just hit the top of my last Demand Zone 3040, my Demand Zone is around 3020 to 3040.

So now see whether this Zone may provide a bounce up, or if it may turn this into a Supply Zone.

I prefer for it to be Supply Zone.
  • #16,825
  • Mar 1, 2013 3:56am Mar 1, 2013 3:56am
Quoting foxybunny
Price just hit the top of my last Demand Zone 3040, my Demand Zone is around 3020 to 3040.

So now see whether this Zone may provide a bounce up, or if it may turn this into a Supply Zone.

I prefer for it to be Supply Zone.
You are right about 3020 and 3040... Im flat atm, waiting for next cue..dont want to risk much. Maybe around 3022 could b a long scalp..let see..

Quoting egkid
Close under 1.30 confirm bears view and trend change
i will wait my weekly close and when b sure will post
Catch u next week
Yes break of 2998 is trend change..but again..It looks confusing indeed. Weekly will be important yes. Cya next week m8!
  • #16,826
  • Mar 1, 2013 4:00am Mar 1, 2013 4:00am
Quoting T@rantula
You are right about 3020 and 3040... Im flat atm, waiting for next cue..dont want to risk much. Maybe around 3022 could b a long scalp..let see..



Yes break of 2998 is trend change..but again..It looks confusing indeed. Weekly will be important yes. Cya next week m8!

I could not enter a position yet either for today.

Only keeping my Short from yesterday.

Perhaps there may be a temporary resistance at 3060 later today to see if I can enter.
Or just wait till Demand Zone turn into Supply Zone to enter.
  • #16,827
  • Mar 1, 2013 5:35am Mar 1, 2013 5:35am
Monthly Chart looks more interesting...............
  • #16,828
  • Mar 1, 2013 6:13am Mar 1, 2013 6:13am
It seems we are gonna have a trend shift confirmation soon.
  • #16,829
  • Mar 1, 2013 6:28am Mar 1, 2013 6:28am
2998 > 2985 > 2966 > 2950 > 2930> 2917. Those are important levels. Most important near/mid term level seems to be 2876, low of 7th dec. 2012
  • #16,830
  • Mar 1, 2013 6:30am Mar 1, 2013 6:30am
Quoting T@rantula
It seems we are gonna have a trend shift confirmation soon.

is it confirmed?

i got 2935, 2900... 2862, just stating the tough ones imo for now
  • #16,831
  • Mar 1, 2013 6:50am Mar 1, 2013 6:50am
Quoting jaylovin
is it confirmed?

i got 2935, 2900... 2862, just stating the tough ones imo for now
I think it is, for the next week and month probably. But we still need to see a weekly close. Look at 2876 on your charts, it might be the main target for the upcoming week.
  • #16,832
  • Mar 1, 2013 7:02am Mar 1, 2013 7:02am
Quoting T@rantula
I think it is, for the next week and month probably. But we still need to see a weekly close. Look at 2876 on your charts, it might be the main target for the upcoming week.
ya i see it... 50% since the 2042... so will be tough - 2956 is the next tough one below... but we could be done at 3084 for the day then creep up...
  • #16,833
  • Mar 1, 2013 7:14am Mar 1, 2013 7:14am
Its Friday Jay, and it wouldnt surprise me, we are still expecting some stronger data releases today especially US PMI.
  • #16,834
  • Mar 1, 2013 7:18am Mar 1, 2013 7:18am
Quoting T@rantula
Its Friday Jay, and it wouldnt surprise me, we are still expecting some stronger data releases today especially US PMI.

we should always think of how market can screw you... if we shoot up later to get a pin bar on daily candle.. then next week drop it even more will suck in the buyers... at the same time we broke 2996 so many would naturally think short - but what if this is done for the day... suck in sellers... doesn't always happen but more often than not...
  • #16,835
  • Mar 1, 2013 8:32am Mar 1, 2013 8:32am
Quoting jaylovin
we should always think of how market can screw you... if we shoot up later to get a pin bar on daily candle.. then next week drop it even more will suck in the buyers... at the same time we broke 2996 so many would naturally think short - but what if this is done for the day... suck in sellers... doesn't always happen but more often than not...
This ^^ I completely agree, it has happened so many times. Its better to be flat then to guess. However until LO is completely closed It can try one or two more pushes to the downside.
  • #16,836
  • Mar 1, 2013 12:36pm Mar 1, 2013 12:36pm
DUBAI .. car je...

Inserted Video
!
  • #16,837
  • Mar 1, 2013 4:02pm Mar 1, 2013 4:02pm
Quoting Piters
DUBAI .. car je...

http://www.youtube.com/watch?feature...v=F7QsEDJHklY#!
Skroz!
  • #16,838
  • Mar 1, 2013 4:18pm Mar 1, 2013 4:18pm
Guys, I will make a slight off topic.

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  • #16,839
  • Mar 1, 2013 9:32pm Mar 1, 2013 9:32pm
Quoting infinitus
pivot for Sunday/Monday

Attachment
Murrey Mat and Market Profile Levels for Sunday/Monday


Attachment

Attachment


My tading idea right now is:


first move Sunday is down towards 3000. After that up towards 3123 to 3184 with emphasis 3153


Then down again. We then have to look for wave structure to get a clue what will be next.


From a momentum and Murrey Math perspective risk gets bigger for a move to the upper side. So trade cautious with short positions


Attachment
  • #16,840
  • Mar 1, 2013 10:07pm Mar 1, 2013 10:07pm
Daily Market Profile Analysis


Fridays POC @ 2989

Vah @ 3054
Val @ 2967


High chance of hitting POC

break of 3054 offers 3087, break of 3087 might lead to 3142 and eventually 3187 (both virgin POC's)

break of 2967 will offer 2926 to 2905 (the latter one is virgin POC)
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