Looking at Support here with confluence of Weekly S1 @ 132.16, 127.2 PDMM projected from CHOD @ 132.13 and 100 PDMM projected from last swing high @ 132.08.
Friday, September 25, 2009
Labels:
EURJPY
Example of the 100 PDMM projected from the PDC being hit. I have found that often times the PDC is used for all the fib projections during the Asian session but mostly with the JPY pairs. Then throughout the day the new highs or lows are used for the projection point.
Labels:
USDJPY
After our large run down on 9/24, the retracement hit the 61.8 PDMM projected from the CLOD. Another perfect example of the target levels being hit.
Labels:
EURUSD
Thursday, September 24, 2009
Wednesday, September 23, 2009
Still short biased with target at D fulfilling 100 MM. This will also complete Harmonic Gartley and with that completion, looking long.
Initial target hit, looking at 2nd target levels. 1.4665/53
Initial target hit, looking at 2nd target levels. 1.4665/53
Labels:
EURUSD
Labels:
USDCAD
Confluence of 61.8 PDMM projected from the CHOD, Daily Floor Pivot and 38.2 retracement forming support level. Current long bias.
If today doesn't close above Weekly R1, may see more short action.
If today doesn't close above Weekly R1, may see more short action.
Labels:
EURUSD
Labels:
AUDUSD
Looking short. Confluence of 78.6 retracement of harmonic CD leg and 127.2 PDMM projected from the CLOD. Only concern is the Daily Pivot now possibly acting as support.
The next Res level to look short is at 125.19/29. Confluence of 88.6 of CD, 150/162 PDMM zone and R1 floor pivot.
The next Res level to look short is at 125.19/29. Confluence of 88.6 of CD, 150/162 PDMM zone and R1 floor pivot.
Labels:
EURJPY
Looking short. Price has move to the 61.8 PDMM projected from the low. Since this level hasn't been broken just prior to New York, it should be a good level to short from. The other confirmation is price is against the high from 3 days earlier.
Labels:
GBPUSD
Tuesday, September 22, 2009
Monday, September 21, 2009
EU has retraced to 50 PDMM projected from CLOD. This is in confluence with the weekly pivot. Looking for the 50/62 PDMM zone to hold as EURUSD may continue short.
Labels:
EURUSD
Price has fallen to 100 PDMM projected from the CHOD. This is in confluence with Fri S3. Next level of support is Daily Floor pivot S2 @ 1.4600, this is also confluence with Thurs S2.
We now have the weekly pivot rotating below the monthly pivot and the daily pivot stepping in a downward direction. Is this a new trend short?
We now have the weekly pivot rotating below the monthly pivot and the daily pivot stepping in a downward direction. Is this a new trend short?
Labels:
EURUSD
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