DislikedA
I have earlier raised my first tranche entry to 81.60, and have just now added another two at 81.65 and 81.70, and layered orders back from there.Ignored
I have canceled these....
Euro/Dollar discussion 9 replies
Iran to replace Dollar with Euro 10 replies
Iran replace dollar with euro 15 replies
Syria Threatens To Abandon Dollar For Euro 3 replies
euro against the dollar 0 replies
DislikedA
I have earlier raised my first tranche entry to 81.60, and have just now added another two at 81.65 and 81.70, and layered orders back from there.Ignored
DislikedIts possible we have a top in at 1.3075 if its an ending diagonal.
perhaps more clarity will come into the final count down into the very top of Silver's wave 3 by either exceeding 1.3075 (lower probability) or declining to give definition to a correction underway.Ignored
DislikedI have begun to build a large position trade short in AUDUSD as one of my big long term trades for 2013... shorting against 106.25 high during the post RBA decision rally.
I have been thinking about this trade for a few days. Its a currency pair that can stand as a proxy for S&P500, and the chart promises hundreds and hundreds of pips of downside (1000 + even) if my count holds up, and my expected bear market in equities takes hold in the first half of 2013...
Any Santa Claus rally, and distorted S&P500 average upside extremes caused by the...Ignored
Disliked
- Upper 21 week Boli at 1.3317 is back in play, and maybe a lot more
Ignored
DislikedI can now count 4 clean (no ending diagonal) waves up, which would have us putting in the last wave 5 to end Aqua (v) and Silver 3 alt 5....Ignored
DislikedI can now count 5 clean interior waves to meet minimum expectations for a completed wave 3 in Silver degree, wave (v) in Aqua degree, wave 5 in Red degree and wave v in fuchsia degree.
Ignored
1.3136 has the highest probability of being near the eventual top of this wave 3 silver or alt 5 silver.... These guidelines describe common relationships often found and are not rules, and therefor can be broken.... but we can't keep going up in a straight line forever...
DislikedIf we were to close below 1.3052, it would make an outside down day.... a strong reversal pattern to kick off our wave 4 silver degree into a test of the 2880 area, or may be even a larger correction if the alt count that shows 1.3126 high as silver wave 5 turns out to be the valid count.Ignored
Dislikedi see your point and had a spec short into last nights RBA (a 33.3 pip loss x 3 offset some with a short Oil c'est lavie)Ignored
DislikedAre we witnessing a long term trend change in the EURUSD?
Interesting post from IFR Watch:
Italian bond and EURUSD reversal reinforce each other:
- Italian 10yr yields last week broke 2 year Head and Shoulders neckline to mark EZ risk reversal
- EURUSD has cleared and closed on a daily basis above Trend Line from 2011 Highs, confirming long term reversal
- EURUSD - Italian 10 yr yield correlation has gone from + .9 to - .86 since May 2011
- Upper 21 week Boli at 1.3317 is back in play, and maybe a lot more
Ignored
DislikedThat may be true, but first we need to correct from silver degree wave 3 high we are putting in right now....
A correction back to 1.2880 area, the bottom of wave (iv) agua ( one degree smaller) would be a normal everyday sized correction given the size of silver's scale.Ignored