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10-05-2012, 01:07 PM #826
Possible Bull Flag? Faith is believing in what you cannot see, the reward is seeing in what you believed. -
10-05-2012, 05:27 PM #827  Originally Posted by icravetoobs 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
Don't Chase the market let the market come to you -
10-05-2012, 05:28 PM #828  Originally Posted by icravetoobs Possible Bull Flag?  bull flags on 4hr and higher are a much better pattern to trade, I agree we are still headed higher for a new high..
Don't Chase the market let the market come to you -
10-05-2012, 06:03 PM #829  Originally Posted by CodyB 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.
Faith is believing in what you cannot see, the reward is seeing in what you believed. -
10-06-2012, 11:02 AM #830
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%.
Don't Chase the market let the market come to you -
10-06-2012, 04:34 PM #831
1 hr outlook, am still expecting new highs Attachment 153178
weekly still in play, nice bounce off the 34 SMA 
monthly Sig Chart Attachment 153180
Last edited by CodyB; 10-06-2012 at 04:37 PM.
Don't Chase the market let the market come to you -
10-06-2012, 05:09 PM #832
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 Don't Chase the market let the market come to you -
10-07-2012, 11:10 AM #833  Originally Posted by CodyB 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
Don't Chase the market let the market come to you -
10-08-2012, 09:31 AM #834
Inverse H&S on EURUSD ....tgtg 1.3170 again?

Inverse H&S on EURUSD ....tgtg 1.3170 again?
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10-09-2012, 12:49 AM #835
guys prepare for going up today
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10-09-2012, 11:46 AM #836
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 Don't Chase the market let the market come to you -
10-09-2012, 07:15 PM #837
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!
A beautiful mind is much more important than a fat pocket. -
10-09-2012, 07:36 PM #838  Originally Posted by Paul Chin 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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10-09-2012, 08:56 PM #839  Originally Posted by Paul Chin 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
Don't Chase the market let the market come to you -
10-10-2012, 03:30 AM #840
Possible double top in progress. Short entry at 1.2800.
4h chart |
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