Charts, Commentary, Featured, FOREX, Pivots Grain, Technicals|November 20, 2012 5:13 pm

EUR: Still in the range, but holding up despite headwinds

 

No major change. Three times, on news, there was a selloff. There was a fourth on ES weakness and low punch. EURUSD never broke 1.2765. On the high, we had one attempt at 1.2830, but 1.2820 was the resistance over the day. I am a buyer in the 1.28-1-2785 area for a target of 1.2950. 

Trade under 1.2735 and the bull count is over. 

Regarding JPY, please send an e-mail to ahamilton@mountainvalue.ch.

PP 1.2803, R1 1.2843, R2 1.2868, R3 1.2933

S1 1.2778, S2 1.2740, S3 1.2675

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Alexander Hamilton
MrTopStep.com
Alexander H. Hamilton is the principal of Mountain Value, a family office, specialized in global equities and foreign exchange   He started his career in finance at Merrill Lynch in 1982. In 1984 he became a fund manager for the Guyerzeller Bank where he managed global trust accounts.  In 1989, he joined SEFI S.A, the advisor of Argus Fund, a multi compartment Luxemburg Sicav, investing in global equities and high yield bonds. He became managing director and a member of the board. In 1998 he became a partner Asher B. Edelman & Associates LLC, co-managing a European value fund. In 2004 he established Mountain Value, a family office.   Alexander Hamilton is associated with Dr. Artur P. Schmidt in the development of Tradercockpit AG ( www.tradercockpit.ch) , based on the  I-Matrix software developed by Dr. Schmidt. This approach uses cybernetic algorithms to analyses the interdependence and reciprocal effects of a variety of economic indicators and price movements.   Alexander Hamilton has a MBA from New York University Stern School of Business and a BA from the University of Lille in semantics.

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