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  • #46,041
  • Nov 18, 2008 3:01pm Nov 18, 2008 3:01pm
this post portrays the long term downtrend since 1.6 and just how crucial where we go from here is...we are in a neutral area where we either see continuation of the strength of the dollar or the possibility of a reversal in the making..finally..to be seen


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Different opinions highly valued, ignorant to slander.
  • #46,042
  • Nov 18, 2008 3:09pm Nov 18, 2008 3:09pm
Quoting kegra
Sure opened another one now at 1.2597... sl 1.2630
Pop
  • #46,043
  • Nov 18, 2008 3:09pm Nov 18, 2008 3:09pm
Quoting pwzaw
hello everyone, that's my first post so don't be nasty what do U think about opening a short position at about 1,2670 with SL at 1,2705 ? of course I hope to see 1,2670
Wellcome
For a scalper standpoint catching some pips on bounce could be a good idea with very tight SL but if it goes there I guess it has chances to go much further.
I have an HL line in 76 to remember me.
Good luck
  • #46,044
  • Nov 18, 2008 3:11pm Nov 18, 2008 3:11pm
Quoting psiholog
this post portrays the long term downtrend since 1.6 and just how crucial where we go from here is...we are in a neutral area where we either see continuation of the strength of the dollar or the possibility of a reversal in the making..finally..to be seen


Attachment
psi, could you elaborate - reversal versus retracement? Appreciate it...
  • #46,045
  • Nov 18, 2008 3:12pm Nov 18, 2008 3:12pm
Quoting psiholog
am i the only euro bull in this thread?...i still think well see 1.3000 before the week ends
In my pre-weekly analysis I drew a 1-2-3 (a-b-c) corrective wave (to the 1to5 EW from 1.3296 which would also be the 5th wave of the downtrend from 1.6037) based on H4 which would be reaching about 1.3080 (around where SMA200 was at last week's close). In its turn, this wave would be part of a larger corrective "a-b-c" wave (to the daily 1to5 EW from 1.6037 - the "a " wave could be going to 1.33xx), and which I see could finally end around 1.3980 unless it makes a double top there (at 1.33).

But as I am now watching only the smaller TFs and the market has been quite choppy I am not so sure... though I still think it could break to the upside.

(Sorry for the fuzzy chart, I only use it for analysis and it ends up on fridays with lots of fibs and TLs and whatnots...)
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  • #46,046
  • Nov 18, 2008 3:13pm Nov 18, 2008 3:13pm
Quoting pwzaw
hello everyone, that's my first post so don't be nasty what do U think about opening a short position at about 1,2670 with SL at 1,2705 ? of course I hope to see 1,2670
welcome

It depends on conditions when we get there, but I am doubting it for now.
  • #46,047
  • Nov 18, 2008 3:18pm Nov 18, 2008 3:18pm
final post as im going away for a while....this is an up close shot of my previous post....where we are is truly gray area as the trend line since 1.48 was broken and now acts as support...the upper wall of the longer term downtrend since 1.6 acts as resistance...a break of the wall from 1.48=dollar strength continuation....a break of 1.6 wall = the formation of a true reversal and oh look...it coincides with 1.3000. i am a scalper mainly but knowing the longer term outlook is crucial...neutral territory indeed

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Different opinions highly valued, ignorant to slander.
  • #46,048
  • Nov 18, 2008 3:22pm Nov 18, 2008 3:22pm

Guys,
of course I make mistakes like all of you, but according GANN there is something on my 4H chart that is not good for a long position here.
These things lead me to think that this stage is a hunt to stops.

The best thing that can happen to you is to find out where you're wrong.
  • #46,049
  • Nov 18, 2008 3:22pm Nov 18, 2008 3:22pm
Quoting TradeWell
psi, could you elaborate - reversal versus retracement? Appreciate it...
retracement to me is a temporary break in the downmove as we saw from 1.39 to 1.48 before the downtrend continues

reversal constitutes the end of the downtrend (breaking its walls) to the point where sentiment in the long run is bullish with a clearly defined low set in place. For example if the stock market is bottoming out now and we start seeying more bullish days then bear ones...lets say we even break 10000 again...that constitutes a reversal to me.

as far as textbook definitions go...beats me haha


doblece thanks for your opinion as i know your an expert at elliot waves

gone now
Different opinions highly valued, ignorant to slander.
  • #46,050
  • Nov 18, 2008 3:27pm Nov 18, 2008 3:27pm
Quoting psiholog
final post as im going away for a while....this is an up close shot of my previous post....where we are is truly gray area as the trend line since 1.48 was broken and now acts as support...the upper wall of the longer term downtrend since 1.6 acts as resistance...a break of the wall from 1.48=dollar strength continuation....a break of 1.6 wall = the formation of a true reversal and oh look...it coincides with 1.3000. i am a scalper mainly but knowing the longer term outlook is crucial...neutral territory indeed

Attachment
Thanks for the explanation.
  • #46,051
  • Nov 18, 2008 3:29pm Nov 18, 2008 3:29pm
Quoting Turhovach
ak4X --

trading "micro" lots (whatever those are) with a refurbished Osborne,
AND, yes, WE be bored...
wow. you're killin me turvo... those things should have come with a choirpractor... 24 lbs of portable cutting edge geekness. buddy of mine had one. i'd hang a'rd him just to be near it...

we should take a poll here to see how many people have ever actually seen one in the flesh... these stats were HOT!! And to think I was getting excited earlier today over those 24" iMacs...

5-inch (13cm) screen
Modem port (300 baud dude!!) Two 5 1/4 inch floppy drives, with two pockets beneath the floppy drives for floppy disk storage
4 MHz Z80 CPU (Hold me down...!! )
Large collection of ‘bundled’ software programs, including CP/M operating system, SuperCalc spreadsheet application,Wordstar word processing application (remember THAT!!) and Microsoft MBASIC programming language
Fold down keyboard that doubled as the computer case's lid
Battery pack, so it didn’t have to be plugged into the 110VAC outlet for power.
5 inch, 52 character × 24 line monochrome CRT
FUBAR...
  • #46,052
  • Nov 18, 2008 3:42pm Nov 18, 2008 3:42pm
Here's a cleaner view of what I was speaking about earlier.
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  • #46,053
  • Nov 18, 2008 3:45pm Nov 18, 2008 3:45pm
Incredible how accurate those 60MAs are working as R&S.
Right side charts are AK4X MAs.
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  • #46,054
  • Nov 18, 2008 3:50pm Nov 18, 2008 3:50pm
Quoting ak4x
5-inch (13cm) screen...
A picture is better than a thousand words... (BTW I didn't work on one of those but yes, my first word processing application was Wordstar... with all those "^Z" "^S" "^whatever", LOL).

How's that for the first laptop?
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  • #46,055
  • Nov 18, 2008 4:08pm Nov 18, 2008 4:08pm
Quoting doblece
A picture is better than a thousand words... How's that for the first laptop?
Fred Flintstone ownes one of those, but the advanced edition.
  • #46,056
  • Nov 18, 2008 4:21pm Nov 18, 2008 4:21pm
Quoting doblece
A picture is better than a thousand words... (BTW I didn't work on one of those but yes, my first word processing application was Wordstar... with all those "^Z" "^S" "^whatever", LOL).

How's that for the first laptop?
There were two of them in the cage next to the girraffes on Noah's Ark I'm sure
  • #46,057
  • Nov 18, 2008 4:33pm Nov 18, 2008 4:33pm
Before I forget... Pivots for today (standard, not fibo) from 5pm

Don't forget P's and Q's or your QP's either..

(Yes mother... )
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FUBAR...
  • #46,058
  • Nov 18, 2008 4:34pm Nov 18, 2008 4:34pm
Quoting afcberty
There were two of them in the cage next to the girraffes on Noah's Ark I'm sure
also in the ark...

256 KB (not MB) memory
zero HDD
everything runs on the floppy in DOS (does not do Windows!)

The IBM pc junior

That is not a CD slot at the bottom, for some of you younger folk.
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  • #46,059
  • Nov 18, 2008 4:37pm Nov 18, 2008 4:37pm
Quoting Driver55

according GANN there is something on my 4H chart that is not good for a long position here.
These things lead me to think that this stage is a hunt to stops.

Driver55

I would appreciate a chart and some explanation.

Thanks.
  • #46,060
  • Nov 18, 2008 4:44pm Nov 18, 2008 4:44pm
Quoting TradeWell

The IBM pc junior

That is not a CD slot at the bottom, for some of you younger folk.

yeap;

got one too;

what, no memory expansion sidecar?

plus the good keyboard; no the funny one!

ROCK ON....


cheers
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