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Thread: The Purely Technical EUR/USD Trading Thread

  1. #826
    icravetoobs is offline Member
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    Possible Bull Flag?

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    Faith is believing in what you cannot see, the reward is seeing in what you believed.

  2. #827
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    Quote Originally Posted by icravetoobs View Post
    CodyB, what are you thoughts on a quick run up to the 13050 area overnight for news rumor?
    sorry I did not check here until close of market today..will update weekly chart, support now at 2970 and then 2934..target remains 3315 from previous post
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  3. #828
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    Quote Originally Posted by icravetoobs View Post
    Possible Bull Flag?

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    bull flags on 4hr and higher are a much better pattern to trade, I agree we are still headed higher for a new high..
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  4. #829
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    Quote Originally Posted by CodyB View Post
    sorry I did not check here until close of market today..will update weekly chart, support now at 2970 and then 2934..target remains 3315 from previous post
    No apologies needed. Glad to have you hear. Although I'm sure you know, it's dead here in the afternoons. I went long this morning and closed scalps. Waited for afternoon pullback to add.
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  5. #830
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    The Asian markets were mostly higher on the week for a net gain of 0.9%. Only China, which is on holiday, remains in a downtrend.

    The European markets were all higher on the week for a net gain of 3.2%. All uptrends here.

    The Commodity equity group were mixed on the week for a net gain of 0.6%. All uptrends here as well.

    The DJ World index remains uptrending and gained 1.6% on the week.

    Bond prices continue to downtrend losing 0.4% on the week. Prices and yields have been quite choppy lately.

    Crude is downtrending and remains volatile losing 2.3% on the week. Currently observing a positive divergence at wednesday’s $87.70 low.

    Gold remains in an uptrend since June, and gained 0.6% on the week. Negative divergences are beginning to set up, as Gold has hit resistance and is extremely overbought on the weekly chart.

    The USD remains in a downtrend losing 0.8% on the week. The uptrending EUR gained 1.4%, and uptrending JPYUSD lost 0.9%.
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  6. #831
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    1 hr outlook, am still expecting new highs

    Attachment 153178

    weekly still in play, nice bounce off the 34 SMA

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    monthly Sig Chart

    Attachment 153180
    Last edited by CodyB; 10-06-2012 at 04:37 PM.
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  7. #832
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    another possibility...if we take the 4549 high from aug 2011 to the low of aug 12 at 2042 the 50 comes in at 3296 and the 618 comes in at 3591 the Yearly Pivot is 3579..can we get there? only time will tell

    you will need to CTRL + to make them good enough to see clearly...sorry but could not fix them...
    Attachment 153186

    we can bolster this outlook by looking at how price acted at the 23.6 and 38.2 fibs

    Attachment 153187
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  8. #833
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    Quote Originally Posted by CodyB View Post
    another possibility...if we take the 4549 high from aug 2011 to the low of aug 12 at 2042 the 50 comes in at 3296 and the 618 comes in at 3591 the Yearly Pivot is 3579..can we get there? only time will tell

    you will need to CTRL + to make them good enough to see clearly...sorry but could not fix them...
    Attachment 153186

    we can bolster this outlook by looking at how price acted at the 23.6 and 38.2 fibs

    Attachment 153187
    the biggest killer of this idea for me right now is the GU, its looking very bearish on the LFX charts and the $index for the LFX charts also points to more strength after a small pullback and pause

    first 2 days of this week will tell the story quite well
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  9. #834
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    Inverse H&S on EURUSD ....tgtg 1.3170 again?

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    Inverse H&S on EURUSD ....tgtg 1.3170 again?

  10. #835
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    guys prepare for going up today

  11. #836
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    the biggest killer of this idea for me right now is the GU, its looking very bearish on the LFX charts and the $index for the LFX charts also points to more strength after a small pullback and pause

    first 2 days of this week will tell the story quite well
    charts says it all..$undex lfx next then eurolfx
    Attachment 153681
    Attachment 153682
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  12. #837
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    Downtrend is in progress

    Resistance now at: 1.2990. Intermediate target: 1.2663. Somewhere around 1.273, there should be significant reactions to the move.



    Until such time that 1.30 be revisited, there's no reason to be long. Good luck!
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  13. #838
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    Quote Originally Posted by Paul Chin View Post
    Resistance now at: 1.2990. Intermediate target: 1.2663. Somewhere around 1.273, there should be significant reactions to the move.

    Until such time that 1.30 be revisited, there's no reason to be long. Good luck!

    Good work Paul. I excpect 1.2625 - 1.2512
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  14. #839
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    Quote Originally Posted by Paul Chin View Post
    Resistance now at: 1.2990. Intermediate target: 1.2663. Somewhere around 1.273, there should be significant reactions to the move.



    Until such time that 1.30 be revisited, there's no reason to be long. Good luck!
    my weekly fibs I've been following for months posted previously has 2763 the 50 from 3585/2042

    my 4 pivot calcs are as follows

    R3 3087
    R2 3039
    R1.5 2998
    R1 2956
    RO.5 2932
    P 2908
    S0.5 2866
    S1 2825
    S1.5 2801
    S2 2777
    S3 2694
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  15. #840
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    Possible double top in progress. Short entry at 1.2800.

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