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  • #23,121
  • Jul 27, 2017 4:52pm Jul 27, 2017 4:52pm
Quoting chess king
E/U Draws an H & S ? to target 1.14xx I'll be watching.
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  • #23,122
  • Jul 27, 2017 4:59pm Jul 27, 2017 4:59pm
DAILY cannal
Apparently has some scope to correct.
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  • #23,123
  • Jul 28, 2017 12:49pm Jul 28, 2017 12:49pm
Quoting Karpa
{quote} why not an iphone index? http://www.telegraph.co.uk/technolog...und-the-world/ http://www.businessinsider.com/ranke...untries-2017-5

Hi Karpa,

I think the Big Mac Index is better, because the more complex products get, and the more companies/people are involved in the delivery chain, the more you get extrinsic factors to the price. Think alone at the customs.

Maybe one has to go even simpler than a Big Mac.

Or maybe we have to compare typical prices for drugs like Speed, or crystal Acid or so LOL
  • #23,124
  • Jul 28, 2017 12:52pm Jul 28, 2017 12:52pm
Quoting chess king
DAILY cannal Apparently has some scope to correct. {image}

Maybe price will trace out some minor wave 4-5 pattern along the upper channel line

The movement up was at a few points very messy respective count could be discussed in various ways.
  • #23,125
  • Jul 28, 2017 12:57pm Jul 28, 2017 12:57pm
Internal Cracks Are Showing In The Market - Low Volume Highs

Hmmm, you know that I did a lot of volume analysis, especially on smaller TF.

In the last years one could witness so many volumeless new highs at times, when no one essentially is trading, that only one conclusion came to mind:

the plunge protection team at work
  • #23,126
  • Jul 28, 2017 2:50pm Jul 28, 2017 2:50pm
Quoting infinitus
Internal Cracks Are Showing In The Market - Low Volume Highs Hmmm, you know that I did a lot of volume analysis, especially on smaller TF. In the last years one could witness so many volumeless new highs at times, when no one essentially is trading, that only one conclusion came to mind: the plunge protection team at work
Mate , re PPT , you mean they have Printing Presses printing money day and night , without any limit...???

We are talking about billions here . Perhaps trillions .
  • #23,127
  • Jul 28, 2017 6:10pm Jul 28, 2017 6:10pm
Quoting infinitus
{quote} Maybe price will trace out some minor wave 4-5 pattern along the upper channel line The movement up was at a few points very messy respective count could be discussed in various ways.
1.184x can also be an attraction.
If it make a new HH... invalidate the H & S idea .
So I'll look at AB = CD 1.183x/4x.
Let's see how it goes next week.

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  • #23,128
  • Jul 28, 2017 6:16pm Jul 28, 2017 6:16pm
Quoting F.g
{quote} Mate , re PPT , you mean they have Printing Presses printing money day and night , without any limit...??? We are talking about billions here . Perhaps trillions .

They can do this job in many different ways, e.g. through psychology, derivatives, manipulating the VIX and so on, HFT via spoofing etc, especially with little money when the timing is well thought out.

There were also reports of the FED manipulating (buying) the markets via the Citadel, or just remember the many times the FED's Bullard stepped in to verbally talk up the markets at critical points.

Maybe it is all a myth, maybe not.
Look at all the central banks, from the FED to Draghi, to Japan, to China: they are all printing like hell and the easy money found its way mainly into the stock markets. There are so many proves that the CB's are openly buying even stocks (look for example at Switzerland, Israel, or the FED via Citadel). I do not wanna know what is going on in China....... (China To Use Pension Funds As $300 Billion "Plunge Protection Team") (China's Plunge Protection "National Team" Bought 900 Billion In Stocks, Goldman Calculates)

Former 'Plunge Protection Team' Member Warns "Blockchain Is Freaking Governments Out"

Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"

Fed 'plunge protection team' desperately trying to prevent stock market crash before mid-term elections


snipset:

To substantiate his claim, Crudele points to an Oct. 27, 1989, Wall Street Journalheadline: "Have Fed Support Stock Market, Too." The piece was written by Robert Heller, who had just departed the Federal Reserve for a CEO position with credit card company Visa. [NB: The article was published before the Internet went commercial, but a citation of the article as a source for a book can be found here: Books.Google.com].

"It would be inappropriate for the government or the central bank to buy or sell IBM or General Motors shares," Heller wrote. "Instead, the Fed could buy the broad market composites in the futures market."

Crudele said that Heller was essentially suggesting that the Fed, or the federal government, buy major stock futures contracts that track and are capable of influencing the major market indices.


Citadel Barred From Trading In China After Regulator Accuses "Automated Trading" Unit Of Manipulation

The Plunge Protection Team | John Mauldin | Safehaven.com (this article is from 2003) (stating, it is a myth)


Keep in mind:

many things that were deemed to be myths in the past are a fact today, e.g. the manipulation of Gold, Silver, Oil, bonds or rates, and even Forex markets by the biggest banks.

You will get a really exiting reading weekend when you do a google research on the various topics (try Citadel and plunge protection team, or Citadel and Bernanke, or google deeply into HFT and spoofing, etc).


I wish you all a nice weekend :-)
  • #23,129
  • Jul 28, 2017 6:17pm Jul 28, 2017 6:17pm
INF...
We chose 1.19xx As possible target.
You remember that chart ?...So it's not too far.
  • #23,130
  • Jul 28, 2017 6:21pm Jul 28, 2017 6:21pm
There was an idea that can also be algorithms to send the BUY/SELL signals without filling the orders.
  • #23,131
  • Jul 28, 2017 8:41pm Jul 28, 2017 8:41pm
Quoting chess king
There was an idea that can also be algorithms to send the BUY/SELL signals without filling the orders.

Yes, it can be done by spoofing via HFT
  • #23,132
  • Jul 28, 2017 8:43pm Jul 28, 2017 8:43pm
Quoting chess king
INF... We chose 1.19xx As possible target. You remember that chart ?...So it's not too far.

I remember very well.

Initially I thought, that the 1.16-1.17 area roughly was the optimal upper limit, but it seems to extend the range
  • #23,133
  • Jul 29, 2017 5:08am Jul 29, 2017 5:08am
my two EU variants I am working with at the moment:

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both do channel very well

the first count on itself would be more likely, but the structure of the move down from the recent top and the following high retracement looks like a bullish pattern (because I can not count the move down as impulsive, which makes the second count also very likely

Sentiment data show 79% bulls in EU and 12% bulls in DX at Thursday. With yesterdays moves, they certainly will be back at more extreme levels.

COT is also at extreme levels, not only for commercials or specs, but also for the small traders, which are as bullish as they were only 10 years or so before


Yesterdays move up looks very very messy with many overlapping moves. I can not count it in any way impulsive. Maybe one of you have nice ideas for that.

So most probable case for me is, that price may reverse down on Sunday/Monday for a C-wave impulse of a wave 4, or going lower/sideways for a triangle pattern.

Lately I find it is getting harder to decipher the waves. May have to do with the fact that also Forex is traded more and more by Algos :-(
  • #23,134
  • Jul 29, 2017 6:02am Jul 29, 2017 6:02am
DXY

maybe this:

notice the bullish divergence on RSI
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  • #23,135
  • Jul 29, 2017 8:09am Jul 29, 2017 8:09am
alternative DXY count

slightly less bearish
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  • #23,136
  • Jul 29, 2017 8:25am Jul 29, 2017 8:25am
https://atozforex.com/news/coinbase-...-withdraw-btc/


Hmm, over the last days many influential or well known people spoke out against the cryptos, some even saying they were pyramid schemes.

Others asking, what the difference is between value of cryptos and fiat money created out of air.

Last months it got more and more obvious, that the cryptos inherit massiv technical difficulties and are very prone to theft etc.

Prechter had a nice article comparing the cryptos to the tulip mania, it can be found here:

https://www.cnbc.com/2017/07/20/bitc...tml?rcn=tw1601
  • #23,137
  • Jul 29, 2017 9:08am Jul 29, 2017 9:08am
Quoting infinitus
https://atozforex.com/news/coinbase-...-withdraw-btc/ Hmm, over the last days many influential or well known people spoke out against the cryptos, some even saying they were pyramid schemes. Others asking, what the difference is between value of cryptos and fiat money created out of air. Last months it got more and more obvious, that the cryptos inherit massiv technical difficulties and are very prone to theft etc. Prechter had a nice article comparing the cryptos to the tulip mania, it can be found here: https://www.cnbc.com/2017/07/20/bitc...tml?rcn=tw1601...

my best idea of where we are in BTCUSD

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  • #23,138
  • Jul 29, 2017 9:10am Jul 29, 2017 9:10am
Quoting infinitus
{quote} my best idea of where we are in BTCUSD {image}
880-1200 may be support for the next red wave 4 after a new high (ouch)

Do not get greedy - do not get burned
  • #23,139
  • Jul 29, 2017 9:10am Jul 29, 2017 9:10am
hi FXTyrant,

how are things going :-)

Great to see you
  • #23,140
  • Jul 29, 2017 9:15am Jul 29, 2017 9:15am
SenexFx just twittered the following link

http://www.mcoscillator.com/learning...of_low_values/


great stuff regarding VIX
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