Gap down on EUR by about 15 pips.
Gap down on AUD by about 50 pips.
*EUR/AUD should open up higher.
Anybody know how to calculate exactly how much EUR/AUD should gap up?
EurAnalysis Kindergarten 24 replies
DislikedLooking ahead to next week's PA and some key levels to watch for. One must take into consideration the 10 year seasonal behaviour of the U.S dollar in September.
On the upside: A break and close above 1.2630 this week will open the door to possible uptrend to a pivotal PA area at/or around a previous POC area at 1.2734. If this level does not hold, we will definitely IMO head to 1.3100 price level very quickly as there is no past volume, POC or value area going back 6 months, until we get to that level. Price will IMO be rejected at this...Ignored
DislikedThanks for the post in Kindergarten thread. Will help with my homework reading and study assignment.
On your upside view, Please note there is still an open gap at 1.3080
From close 5/4/2012 to open 5/6/2012.Ignored
DislikedIt's cool. Most brilliant minds are chaotic. I was trying just to correlate currency chart to excel chart and values.
It looks like you are creating like a fib using what you call a wave. What timeframe are you using, and what are you defining as a wave? It looks like your wave cycle is higher high to lower low. So what are you defining as correction?In other words how are you determining or defining a correction forward looking. How do you decide it has reversed trend for correction?
Why not use just fib tool from MT4 with your own defined levels?...Ignored
DislikedI am using monthly, weekly, daily and H4 closing prices. I can set different types of waves to look for. For example in this G1 Daily, waves are defined as minimum 30% retracement and minimum 450 pips. Those numbers, yet again, come from my mumbo jumbo statistics, when I try to filter the noise. Thats why I call it Tom waves. Every man can find his own. Every cycle has different structure, so I would set different parameters for different currencies/markets.
Btw, whole table looks like this, so I cant use ordinary fibo in MT4. It is just not...Ignored
DislikedHow do you use when wave is determined after completion...or am I still Mr. duma$$ ?Ignored
DislikedHow do you use when wave is determined after completion...or am I still dumba$$ ?Ignored
DislikedRemember tomorrow is a bank holiday in US and Canada.......Labor day! (Oxymoron!?!)Ignored
DislikedThis weeks.... Things that make you go Hmmm...... by CC Music Factory!Ignored
DislikedMate, is this english? Coz I dont know what are you asking for. I have different wave definitions for different timeframes and different zooms.
Did you want to ask: How do you know when wave is finished?
If thats what you are asking for, I dont know when wave is finished untill its finished. If I knew, I would be superrich.
TIgnored
DislikedSwiss, what's the website to monitor bonds, currencies and equity? I am on different PC and don't have the bookmark. Thanks.Ignored
DislikedAh thanks. I have to learn how to sync all the bookmarks to all the PCs. Maybe could save it on the pen drive then upload it.Ignored