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- Big Phil replied Feb 13, 2012
I'm calling a bottom at 1.3202 Hope I'm right.... lol...
- Big Phil replied Feb 13, 2012
Hey Killer Whale, Are you still long to 1.35++???
- Big Phil replied Feb 13, 2012
I'm now long at 1.3210 might have just put in a bottom a few mins ago. SL at 1.3155 we were like 3 pips away from the .618 fib at 1.3204
- Big Phil replied Feb 13, 2012
Don't know if it will strop at 1.32 but I do know the support in the area looks very strong. I wouldn't place any downside bets that predict a clean pierce of the 1.32 area... I think the odds are strong we rebound from that area but that is just ...
- Big Phil replied Feb 13, 2012
I think that is very likely, as it would still be in the the 1.3200 area. it would also satisfy the pretty .618 fib level and be around the prior 4th wave of 1 lesser degree.
- Big Phil replied Feb 13, 2012
Elliott Wave perspective — It looks like today's high is at 1.3284 is a 5th wave accompanied by a RSI momentum divergence. We are now in a corrective decline, the nature of this decline is overlapping and not impulsive at all. It is likely ...
- Big Phil replied Feb 10, 2012
this rebound from 1.3155 looks corrective in nature. From an elliott Wave perspective I would say it looks like up to sideways consolidation in wave 4 within a larger (downward) 5 wave impulsive sequence.
- Big Phil replied Feb 10, 2012
Good chart, I think going short from just a little bit above 1.32 will prove profitable. Should be bable to ride that down at least 100 pips. I agree with you. But I will be looking to go long if we get down to the 1.30s...
- Big Phil replied Feb 10, 2012
You're -20 in that trade I warned you about with the RSI... Hey killer whale. I guess it was oversold near term. If he really wanted to go short he should have waited for a better entry on the short term RSI.
- Big Phil replied Feb 10, 2012
OK, well short term we are/were very oversold 5M 15M 30M 1H... we'll see where this takes us... I think a further drop to the mid 1.30s is possible. If it is in a corrective 3 waves then expect new highs. Probably above 1.35 From an elliott wave ...
- Big Phil replied Feb 10, 2012
did you look at the RSI? It is freaking oversold. I covered my short at 1.318xx just earlier. You have missed most of the move and you want to chase this thing lower? Do you look at RSI at all? It is screaming oversold right now. With that being ...
- Big Phil replied Feb 10, 2012
Ummm yeah, I warned you all yesterday. Just saying...
- Big Phil replied Feb 9, 2012
Headed down below 1.31 from here — I think we are headed down from here. If you look at the GPUUSD it is sporting a corrective pattern relative to the impulsive decline from yesterday's high. Also, the EURUSD looks overextended and a strong ...
- Big Phil replied Feb 7, 2012
True that, we are in minor consolidation, this is looking like another bullish flag. similar to what we just experienced on the daily leading to this mornings thrust higher. I expect a minor thrust hight to above 1.33 and it will likely show a ...
- Big Phil replied Feb 7, 2012
I agree with your prediction of a small retracement back to the 1.3225 area. However, while prices are indeed registering overbought conditions, I would bet prices are likely to rebound strongly from the 1.3225 level to new highs above 1.33 My ...
- Big Phil replied Feb 7, 2012
Props to killer whale — Hello everyone, a trading friend introduced me to this website today. I just wanted to give props to killer whale for calling today's thrust higher in the euro. Nice call man. I would have to agree that the bullish flag ...
- Posts by Member Search: 'Big Phil'