Supercars let off the leash

 

The technology and engineering of the most expensive road cars is increasingly catching up with that used in top-level motor racing. What is lacking for most owners is the opportunity to show exactly what these supercars can do, which is where the FT’s 900-mile Run to Monaco comes in. Rohit Jaggi reports

via FT, based on the Run To Monaco.

 

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???URO update – $EURUSD $6E_F $$ #forex #fx

I would like to see some sort of reaction from sellers into 1.2960-1.2945, otherwise, upside momentum still on.

No sellers on the levels referenced yesterday (above)
2012-11-29_1155
In fact, buying pressure has increased alongside a general risk on mood in the market today.

Currently trading at 1.2996, the pair is close to a mayor swing zone located in 1.3040-1.3020 (denoted by thicker/brighter mark). However, I am looking further above at the moment 1.3070-1.3042, but most specifically 1.3060 (Naked POC), scenario in which I am leaning into, provided no sellers show up at current areas.
2012-11-29_1156
To the downside, 1.2920 is a key price point I am watching in the event of a retracement (which, at the moment, doesn´t seem likely) 

2012-11-29_1157
1.2911-1.2866 represents another key area  which buyers should be expected to defend, under the scenario in which the pair experiences a retracement.
2012-11-29_1157_001
At last, some scalping areas to watch.
2012-11-29_1158

???URO update – $EURUSD $6E_F #forex #fx $$

Following up on the last post back on Thursday Nov. 22 regarding market commentary.

Alternatively -scenario in which I´m leaning into- the next key area I am expecting 1.2947-1.2930 in which 1.2938 constitutes a key POC, followed by the 1.2960 area. Above 1.3010-1.2992, followed 1.3038-1.3020.

2012-11-28_1157_002
The pair extended the move to 1.3010, whch -as noted above- was within the top end of the range in one of the zones, again pretty much to the tick. 
2012-11-28_1157_001
I have added thicker lines to denote swing areas, adding one more layer of information into my analysis, both in smaller and bigger time frames. 
The pair is currently trading at 1.28922 as I´m writing this post into 1.2910-1.2866 in which buyers have acted, previously.
2012-11-28_1219
Although an important area of previous demand, there is still plenty of space below in which I´m expecting more rotation take place, provided 1.2880´s are breached with conviction.
Thus,  1.2880 is the new key price point in which I would expect  buyers to take the stand. 
If lost, I would we watching into lower areas of value, in which 1.2800 is another key level.
Therefore, provided the pair doesn´t experience an important inflow of buying action in 1.2880´s I´ll be leaning towards more downside, specially due to the lack of rotation into lower areas of value and the previous price action in terms of vertical development.
2012-11-28_1211
Thus, some areas I´ll be watching for buyer´s to act, provided 1.2880 doesn´t hold
1.2910-1.2866
1.2858-1.2840
1.2832-1.2801
1.2770-1.2724

On the upside, I´ll be looking for the following areas for sellers to act, provided 1.2880 holds
1.2940-1.2915
1.2976-1.2952 

POC´s
1.29030
1.2817
1.2800´s
1.2780´s (another key area)

 

#Skiing #Dubai

<p>Dubai: A Skier’s Journey EP2 S3 from ARC'TERYX on Vimeo.</p>

In 40 degree heat, in the largest sand desert on the planet, Chad Sayers and Chad Manley go looking for the one of the world’s strangest of ski environments: Ski Dubai. In the midst of a city of dizzying ambition, this ‘local hill’ climbs 60 vertical meters out of a luxury shopping mall. Inside the frigid, air conditioned space, they find a dedicated ski community of desert-dwellers, growing in the unlikeliest of places.

You can view the all the great work from Jordan Manley here.

???URO update (Thanksgiving) – $EURUSD $6E_F #forex #fx $$

Price was around the area noted below back on Tuesday´s post

2012-11-22_1457

Price reached the upward areas marked back on Tuesday. Lack of agreement regarding Greece prompted the pair back into 1.2770-1.2724, as was possibly expected, in which responsive buyers acted towards news highs at 1.2899 which (not coincidentally) is quite close to the POC at 1.2903.

2012-11-22_1503_001

Nevertheless the move towards the downside was not expected, the action of buyers into a previous demand zone proved to be positive for the pair to reach new highs this week.

 

2012-11-22_1503
2012-11-22_1455
The next review will likely be next Sunday. However, some views for the following days
2012-11-22_1506_001
As previously stated last Sunday, I have switched towards full long view once 1.2790 has been broken to the upside.

Alternatively  -following last week´s move- I am switching my stance towards “neutral”/long. The reason for not adopting a full upward trend is that 1.2800´s have not been fully breached and last week for sellers to mantain pressure.

A few clues that I´ve been watching towards more upside is the appearance of symmetrical profiles/subprofiles over the last few days.

Back on Sunday, Nov. 18,  I specifically cited them as a reason to look for more upside momentum.
I tend to pay special attention towards the development of symmetrical profiles,  as either accumulation or distribution, depending on the context and location.  In this case, when near the bottom-end of price, it is usually a strong clue of further upside that should not be passed. Specially if followed by a vertical development in terms of price action, as it happened. 
In that sense, similar price action has developed.
2012-11-22_1506
My new line in the sand to keep upward bias is 1.2800-1.2830, which I would expect to be challenged at some point. Below the same 1.2778-1.2725 area which buyer´s defended this week. If the latter gets breached and no important buying action takes the stand, I would expect the pair to make new lows.
2012-11-22_1521
Alternatively -scenario in which I´m leaning into- the next key area I am expecting 1.2947-1.2930 in which 1.2938 constitutes a key POC, followed by the 1.2960 area. Above 1.3010-1.2992, followed 1.3038-1.3020.
2012-11-22_1526

 

???URO update – $EURUSD $6E_F #forex #fx $$

Yesterday´s price action remained well within the areas noted on last post. Price respected the areas posted with great accuracy
2012-11-20_1102
2012-11-20_1138
2012-11-20_1153
1.2790´s is being challenged as I´m writing, which happens to be a key price point for maintaining the upside momentum. Several POC´s are located within this area (1.2782/1.2784/1.2787)
2012-11-20_1220
I was expecting some more upside momentum yesterday, which never really materialized. It is something to take into account, in lieu of the gains experienced in risk
assets. Relative weakness from the pair.
The main area to watch is 1.2770-1.2724, in which I expect buyer´s to show up. I would not discard some further rotation into this area. However, I do not want the price to trade near the 1.2689-1.2676, since that would be a sing of possible new lows.
2012-11-20_1227

 

???URO update – $EURUSD $6E_F #fx #forex

Yesterday´s price action remained well within the areas noted on last post. Price respected the areas posted with great accuracy

chart BG marcado

1.2790´s is being challenged as I´m writing, which happens to be a key price point for maintaining the upside momentum. Several POC´s are located within this area (1.2782/1.2784/1.2787)

I was expecting some more upside momentum yesterday, which never really materialized. It is something to take into account, in lieu of the gains experienced in risk assets. Relative weakness from the pair.

The main area to watch is 1.2770-1.2724, in which I expect buyer´s to show up. I would not discard some further rotation into this area. However, I do not want the price to trade near the 1.2689-1.2676, since that would be a sing of possible new lows.