mp6140
Recruit
- Messages
- 13
mp -- 5.9.2011
1300 ZULU -- HANGING MAN CANDLE appears on USD Index, forecasting reversal pattern which would be end of present price direction on EU and return to an upside move.
have reached previous close and previous low on todays price movement with price now retracing to a possible 4336 and then downside continuation
1826 ZULU -- present range for the 15 min chart shows UPSIDE -- 4346 and DOWNSIDE --- 4314 which is below the pivot and ends at the previous days low we then face a continuation UP which will hop on the 30 min chart later, which shows more upside AND downside, but Im kinda careful about downsides at this point
2115 ZULU -- upside continues to include the pivot and prior close at 4371 with downside rising up at 4350 presently and indicators pointing UP
Dollar Index has turned NEGATIVE fully so EU should react by moving back up again
0230 ZULU -- present RANGE showing on daily chart
UPSIDE --- 4381 (covers pivot nicely
DOWNSIDE --- 4303 (how many times we hit this one you think ?)
now i gotta put out some thoughts here --- 4383 represents a strong trend line that (under normal conditions) should cause a bounce back down to (in a few days) 4129 but the change in the dollar index has me worried about a downward continuation unless the index itself shifts which places this short trade as one I must be very careful about (roughly translated, it scares the living - - - - - out of me !
although the RANGE goes down to 4302, little black boxes have been known to have electronic hiccups before, and a super dooper little indicator is presently indicating the downside to be no more than 43372, which is where we have had support for the past week so I ADVISE NOT TAKING A TRADE BELOW THE 43372 at this moment.
0349 ZULU --- PRESENT RANGE CHANGING
upside 4417
downside 4265 followed by 4159 possible upside reversal at 0400 ZULU moving to pivot at 43533
1300 ZULU -- HANGING MAN CANDLE appears on USD Index, forecasting reversal pattern which would be end of present price direction on EU and return to an upside move.
have reached previous close and previous low on todays price movement with price now retracing to a possible 4336 and then downside continuation
1826 ZULU -- present range for the 15 min chart shows UPSIDE -- 4346 and DOWNSIDE --- 4314 which is below the pivot and ends at the previous days low we then face a continuation UP which will hop on the 30 min chart later, which shows more upside AND downside, but Im kinda careful about downsides at this point
2115 ZULU -- upside continues to include the pivot and prior close at 4371 with downside rising up at 4350 presently and indicators pointing UP
Dollar Index has turned NEGATIVE fully so EU should react by moving back up again
0230 ZULU -- present RANGE showing on daily chart
UPSIDE --- 4381 (covers pivot nicely
DOWNSIDE --- 4303 (how many times we hit this one you think ?)
now i gotta put out some thoughts here --- 4383 represents a strong trend line that (under normal conditions) should cause a bounce back down to (in a few days) 4129 but the change in the dollar index has me worried about a downward continuation unless the index itself shifts which places this short trade as one I must be very careful about (roughly translated, it scares the living - - - - - out of me !
although the RANGE goes down to 4302, little black boxes have been known to have electronic hiccups before, and a super dooper little indicator is presently indicating the downside to be no more than 43372, which is where we have had support for the past week so I ADVISE NOT TAKING A TRADE BELOW THE 43372 at this moment.
0349 ZULU --- PRESENT RANGE CHANGING
upside 4417
downside 4265 followed by 4159 possible upside reversal at 0400 ZULU moving to pivot at 43533
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