Mp | Intermediate Term Points E/U
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mp6140
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Mp -- 5.30.2011
2147 ZULU --- 4290 to break and we show all the way to 4403 with the downside presently at 4285 -- most likely scenerio is hit 90 and reverse, but who croaked and left me smart ?
2231 ZULU -- appears weve shifted over to the H4 chart so next stops are 4294, 4294 and 4298 up there
2300 ZULU ----- doesnt appear to want to come down just yet, which makes sense considering momentum has picked up (must be bin laden's traders in some palaces in Iraq -- after all, they need money also)
s0, 4339, 4343, 4345, 4352 and everything looking at 4382 up there
enjoy and trade well
mp
"In the valley of the blind, the one eyed man is king !
NOT !
2147 ZULU --- 4290 to break and we show all the way to 4403 with the downside presently at 4285 -- most likely scenerio is hit 90 and reverse, but who croaked and left me smart ?
2231 ZULU -- appears weve shifted over to the H4 chart so next stops are 4294, 4294 and 4298 up there
2300 ZULU ----- doesnt appear to want to come down just yet, which makes sense considering momentum has picked up (must be bin laden's traders in some palaces in Iraq -- after all, they need money also)
s0, 4339, 4343, 4345, 4352 and everything looking at 4382 up there
enjoy and trade well
mp
"In the valley of the blind, the one eyed man is king !
NOT !
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mp6140
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5.30.2011
0400 ZULU ------ 4365 shows on one min chart with 4354 on 5 minute
4369 with reverse and down to 4351 shows on 15 min chart
4380 topside for one min with 4498 and retrace then 4409 and 4422 on 15 min
DOWNSIDES SHOWING ---- 4371 with 4366 below on 5 min chart
4367 with support at 4370 just above it, which could be broken or retraced on 15 min chart
4363 on 30 min chart
4357 on 60 min chat
4303 on H4
0455 ZULU -- present DAILY chart topside showing 4409, 4416 with 4432 showing.
BLACK BOX DAILY showing 4381 to break and 4398, 4421, 4434, 4446, 4451 --- AGREEMENT seems to be around 4432-29 with 4446 very possible with DOWNSIDE agreement at 4367,4364, 4359 4329 and then reversal back up
0400 ZULU ------ 4365 shows on one min chart with 4354 on 5 minute
4369 with reverse and down to 4351 shows on 15 min chart
4380 topside for one min with 4498 and retrace then 4409 and 4422 on 15 min
DOWNSIDES SHOWING ---- 4371 with 4366 below on 5 min chart
4367 with support at 4370 just above it, which could be broken or retraced on 15 min chart
4363 on 30 min chart
4357 on 60 min chat
4303 on H4
0455 ZULU -- present DAILY chart topside showing 4409, 4416 with 4432 showing.
BLACK BOX DAILY showing 4381 to break and 4398, 4421, 4434, 4446, 4451 --- AGREEMENT seems to be around 4432-29 with 4446 very possible with DOWNSIDE agreement at 4367,4364, 4359 4329 and then reversal back up
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mp6140
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Mp -- 5.31.2011
1400 Zulu -- 4425, 4442, 4446, 4452
1610 ZULU ---- DOWNSIDE 4345 with support AT 4370 and 61
reversal at 4370 and then continuation down (30 min chart)
UPSIDE 4379 --1 - 12 min chart
FOR CONSIDERATION --- upside showing 4455 but there will b e some speedbumps along the way --- present resistance at 4390 should cause some downside activity but will end up moving up --- 4474 also showing resistance with some below at 4419 allowing downside to hit 4359 (4545 below) most likely (at least that neighborhood, anyway)
As i have mentioned a few times, starting approx last Sept or so, the smart money changed the way it trades, no doubt in response to the regulators new demands, but whatever ---- the result is perhaps that new word in the trading lexigon is needed ---- DAY trades now seem to take a week and 3 days, so we now need a new expression to cover what USED to be day trading and is now week and 3 day trading --- any suggestions ?
1400 Zulu -- 4425, 4442, 4446, 4452
1610 ZULU ---- DOWNSIDE 4345 with support AT 4370 and 61
reversal at 4370 and then continuation down (30 min chart)
UPSIDE 4379 --1 - 12 min chart
FOR CONSIDERATION --- upside showing 4455 but there will b e some speedbumps along the way --- present resistance at 4390 should cause some downside activity but will end up moving up --- 4474 also showing resistance with some below at 4419 allowing downside to hit 4359 (4545 below) most likely (at least that neighborhood, anyway)
As i have mentioned a few times, starting approx last Sept or so, the smart money changed the way it trades, no doubt in response to the regulators new demands, but whatever ---- the result is perhaps that new word in the trading lexigon is needed ---- DAY trades now seem to take a week and 3 days, so we now need a new expression to cover what USED to be day trading and is now week and 3 day trading --- any suggestions ?
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mp6140
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Mp -- 06.01.2011
0428 ZULU -- DAILY chart showing 4507 with 4473 support below and strong at the moment.
US DOLLAR index appears ready for a retrace, which would point the EU DOWN to a possible 4092 but with a lot of support before that number. (actually, if it does what it should do, 4308 is not impossible
FOR TONITE/TOMORROW --- 4443 on the 30 minute, 4449 with 54 and 62 showing on the H4 and downside moves appear to be very narrow, showing 4421--20 at best --- normally this would suggest they are moving the price up quickly in a narrow range to keep it moving fast, and that "usually" spells retrace on the horizon, especially as later today we get a bunch of news which we are pushing the price UP for and which, once the dust settles on the news, looks to go down !
WATCH 4431 for reversal, although if they really are keeping the upside momentum going, it shouldnt be a very big one.
0428 ZULU -- DAILY chart showing 4507 with 4473 support below and strong at the moment.
US DOLLAR index appears ready for a retrace, which would point the EU DOWN to a possible 4092 but with a lot of support before that number. (actually, if it does what it should do, 4308 is not impossible
FOR TONITE/TOMORROW --- 4443 on the 30 minute, 4449 with 54 and 62 showing on the H4 and downside moves appear to be very narrow, showing 4421--20 at best --- normally this would suggest they are moving the price up quickly in a narrow range to keep it moving fast, and that "usually" spells retrace on the horizon, especially as later today we get a bunch of news which we are pushing the price UP for and which, once the dust settles on the news, looks to go down !
WATCH 4431 for reversal, although if they really are keeping the upside momentum going, it shouldnt be a very big one.
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mp6140
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Mp --- 6.01.2011
1432 ZULU --- presently still working on upside figures from past few posts and price acting accordingly
on the DAILY CHART, should momentum continue, which it probably will, 4532 is not out of the question and at that point we should reverse down to the 4092 area over time --- the key word being "should"
ON THE INTRADAY CHART
4444 is important resistance, followed by 4451 and 4487 with 4375 showing as bottom of INTRADAY DOWNSIDE moves and most retraces should be relatively small until they get the price up to where they want and prepare for the next DOWNSIDE short play on the DAILY which should last 2 to 3 days.
1653 ZULU -- present momentum appears to be changing downside intraday to a low of 4354 and since the PIVOT lies at 4366, it appears to be a good solid point, ALTHOUGH we have 4369 good support that , if not broken, could push the rest of the downside till later today, so take 4369 NOW and wait for the next move
4377 WILL BE ANOTHER REVERSAL POINT with a possible upside to 4411[/
1844 ZULU -- AND THE BEAT GOES ON --- use existing TP points already posted and have a happy and profitable day
1432 ZULU --- presently still working on upside figures from past few posts and price acting accordingly
on the DAILY CHART, should momentum continue, which it probably will, 4532 is not out of the question and at that point we should reverse down to the 4092 area over time --- the key word being "should"
ON THE INTRADAY CHART
4444 is important resistance, followed by 4451 and 4487 with 4375 showing as bottom of INTRADAY DOWNSIDE moves and most retraces should be relatively small until they get the price up to where they want and prepare for the next DOWNSIDE short play on the DAILY which should last 2 to 3 days.
1653 ZULU -- present momentum appears to be changing downside intraday to a low of 4354 and since the PIVOT lies at 4366, it appears to be a good solid point, ALTHOUGH we have 4369 good support that , if not broken, could push the rest of the downside till later today, so take 4369 NOW and wait for the next move
4377 WILL BE ANOTHER REVERSAL POINT with a possible upside to 4411[/
1844 ZULU -- AND THE BEAT GOES ON --- use existing TP points already posted and have a happy and profitable day
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MP -- 6.01.2011 continued
1949 ZULU -- presently showing INTRADAY DOWNSIDE TO 4314 which is the previous days low on the 5 min chart, 4315 on the 15 minute chart 4303 on the H4 4297 below and 4289 at the moment
4291 possible reversal strength support --- possibly pushes lower numbers into tonite if momentum slows
2100 ZULU --- DAILY present downside shows 4253 followed by 4245 and bottom should be 4233
Watch for possible reversal here after the rollover, although momentum appears strong --- while nothing in Forex or any other financial instrument trading is ever written in stone, there are "happenstances" that repeatedly occur, and a reversal after the rollover, up to the Asian influx is rather normal
DOLLAR INDEX UNDECIDED --- very narrow trading today which could easily turn into a greater downside move for the euro (which I personally want, but that would be a whole treatise and doubtful you want politics when you can have money instead, although probably better to learn a little about this earth and those who rule it)
1949 ZULU -- presently showing INTRADAY DOWNSIDE TO 4314 which is the previous days low on the 5 min chart, 4315 on the 15 minute chart 4303 on the H4 4297 below and 4289 at the moment
4291 possible reversal strength support --- possibly pushes lower numbers into tonite if momentum slows
2100 ZULU --- DAILY present downside shows 4253 followed by 4245 and bottom should be 4233
Watch for possible reversal here after the rollover, although momentum appears strong --- while nothing in Forex or any other financial instrument trading is ever written in stone, there are "happenstances" that repeatedly occur, and a reversal after the rollover, up to the Asian influx is rather normal
DOLLAR INDEX UNDECIDED --- very narrow trading today which could easily turn into a greater downside move for the euro (which I personally want, but that would be a whole treatise and doubtful you want politics when you can have money instead, although probably better to learn a little about this earth and those who rule it)
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mp6140
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MP -- 6.2.2011 overnites and tomorrows
0400 ZULU -- THIS IS A HARD ONE as tomorrow has oodles of news and most of it is "heavy hitter" stuff.
INTRADAY CHARTS.
4370 (just above pivot) is significant resistance, which should drive price down ( 4337 DOWNSIDE) and then allow back up to 4384 ---
DAILY CHARTS
for later on, 4409 UPSIDE Presently shows with 4444 certainly possible, and while not a stretch, just high up there, 4480 sits at a very logical point
when we get there, heavy resist at 4409 which has been hit twice already -- industry likes to say "aint no such thing as a TRIPLE TOP, so "should" go rite thru 4409 with a little bit of squiggling and perhaps some nasal congestion, but continue upward --- those of weak constitutions could do worse than take profit there and wait
Presently showing 4079 DAILY DOWNSIDE (and still down there is 3985 and its companion 3921 waiting their turns and 4995 will be hit on the h4, JUST WHEN i CANNOT tell you.
0400 ZULU -- THIS IS A HARD ONE as tomorrow has oodles of news and most of it is "heavy hitter" stuff.
INTRADAY CHARTS.
4370 (just above pivot) is significant resistance, which should drive price down ( 4337 DOWNSIDE) and then allow back up to 4384 ---
DAILY CHARTS
for later on, 4409 UPSIDE Presently shows with 4444 certainly possible, and while not a stretch, just high up there, 4480 sits at a very logical point
when we get there, heavy resist at 4409 which has been hit twice already -- industry likes to say "aint no such thing as a TRIPLE TOP, so "should" go rite thru 4409 with a little bit of squiggling and perhaps some nasal congestion, but continue upward --- those of weak constitutions could do worse than take profit there and wait
Presently showing 4079 DAILY DOWNSIDE (and still down there is 3985 and its companion 3921 waiting their turns and 4995 will be hit on the h4, JUST WHEN i CANNOT tell you.
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mp6140
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Mp -- 6.2.2011
1135 ZULU -- YUMMIE -- working true to form on the DAILY forecast, and thats always fun. Chart is really pointing UP THERE at the moment, and into the 4500 area with 4525 being pushed up as momentum drives it --- "should" calm down in a few hours after all the news is released.
4535 on the second chart becomes a point to watch with 4347 as DAILY DOWNSIDE
1653 ZULU -- its a wonderful thing, sorta kinda !
PRESENT UPSIDE TREND READINGS
4501 with 4534 AND 38 showing, 4547 on the 30 min chart and 4484 breakout point on the H4 and showing 4522 presently with possible 4575 --- watch 4487 and 4495 FOR REVERSALS
DOWNSIDE
4435, 4335
1135 ZULU -- YUMMIE -- working true to form on the DAILY forecast, and thats always fun. Chart is really pointing UP THERE at the moment, and into the 4500 area with 4525 being pushed up as momentum drives it --- "should" calm down in a few hours after all the news is released.
4535 on the second chart becomes a point to watch with 4347 as DAILY DOWNSIDE
1653 ZULU -- its a wonderful thing, sorta kinda !
PRESENT UPSIDE TREND READINGS
4501 with 4534 AND 38 showing, 4547 on the 30 min chart and 4484 breakout point on the H4 and showing 4522 presently with possible 4575 --- watch 4487 and 4495 FOR REVERSALS
DOWNSIDE
4435, 4335
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mp6140
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Mp -- 6.2.2011
2423 ZULU -- DAILY CHART presently indicates 4558 and pointing towards 4590
INTRADAY CHART
UPSIDE -------- 4593
DOWNSIDE ---- 4499 (previous days close)
small print MANDATORY DISCLAIMER --- this is the present trend pattern AT THIS MOMENT --- anything, up to a charging elephant carrying three monkeys in the asian money pits can ALTER this trend, so play wary !
enjoy and trade well
back later
mp
"Never argue with an idiot.They will bring you down to their level and beat you with experience!"
2423 ZULU -- DAILY CHART presently indicates 4558 and pointing towards 4590
INTRADAY CHART
UPSIDE -------- 4593
DOWNSIDE ---- 4499 (previous days close)
small print MANDATORY DISCLAIMER --- this is the present trend pattern AT THIS MOMENT --- anything, up to a charging elephant carrying three monkeys in the asian money pits can ALTER this trend, so play wary !
enjoy and trade well
back later
mp
"Never argue with an idiot.They will bring you down to their level and beat you with experience!"
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