Your uncle is asking
- #771,641
- Mar 14, 2013 10:45am Mar 14, 2013 10:45am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
- #771,642
- Mar 14, 2013 10:46am Mar 14, 2013 10:46am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
update on aud the correction didnt reach 1.04 but it was close is the correction over
- #771,643
- Mar 14, 2013 10:46am Mar 14, 2013 10:46am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
leenoa lives in central java? woaa
am trading gu today, long position still open
- #771,645
- Mar 14, 2013 10:48am Mar 14, 2013 10:48am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
ej?? i dont have any confidence to enter...bull already high @125.24, but my swing indicators still not breaking a part to follow bull...there are might be a chance to enter ....maybe
- #771,646
- Mar 14, 2013 10:48am Mar 14, 2013 10:48am
- Joined Oct 2008 | Status: sideline is a position | 105,124 Posts
those who can, do. those who cant, talk about those who can
- #771,647
- Mar 14, 2013 10:51am Mar 14, 2013 10:51am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
- #771,650
- Mar 14, 2013 10:55am Mar 14, 2013 10:55am
- | Joined Feb 2013 | Status: Trader | 1,361 Posts
will sub 1.?
- #771,656
- Mar 14, 2013 11:05am Mar 14, 2013 11:05am
- Joined Jun 2012 | Status: ケンジ | 21,416 Posts
ej?? i dont have any confidence to enter...bull already high @125.24, but my swing indicators still not breaking a part to follow bull...there are might be a chance to enter ....maybe
- #771,659
- Mar 14, 2013 11:17am Mar 14, 2013 11:17am
- | Commercial User | Joined Jan 2013 | 1,169 Posts
Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.
We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).
The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)
Here are my two scenarios, as usual:
Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.
Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.
Let me know what you think.
Thank you
PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.
We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).
The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)
Here are my two scenarios, as usual:
Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.
Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.
Let me know what you think.
Thank you
PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis
"markets traded by programs/HFT offer a significant trading edge..."
