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  • #90,821
  • Apr 29, 2009 5:34pm Apr 29, 2009 5:34pm
Quoting gatorinla
yes thats the line.. whats the number using day chart where it touches line..
1.4715
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  • #90,822
  • Apr 29, 2009 5:35pm Apr 29, 2009 5:35pm
Quoting knuckledrag
1.4715
no the number where if it hit redline right now. what would that be? thanks
those who can, do. those who cant, talk about those who can
  • #90,823
  • Apr 29, 2009 5:40pm Apr 29, 2009 5:40pm
Quoting gatorinla
no the number where if it hit redline right now. what would that be? thanks
1.3629 sorry Gator
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  • #90,824
  • Apr 29, 2009 5:46pm Apr 29, 2009 5:46pm
Quoting Rednose
What about the H&S at the M15?? ..Big Right shoulder hummm??

it had to break the neckline whereabout pivot point but price reverse quickly from pivot.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #90,825
  • Apr 29, 2009 5:48pm Apr 29, 2009 5:48pm
Quoting knuckledrag
1.3629 sorry Gator
*L* now i got 3589....mt4 ... 3639 on dealbook is closer to yours..

bbl
those who can, do. those who cant, talk about those who can
  • #90,826
  • Edited 6:09pm Apr 29, 2009 5:59pm | Edited 6:09pm
I am short at 3312 now-H-lines shows my area for further shorts. 1.3586 is my stop.

PS- It seems the falling trendline could not be pierced and RSI oversold too. I am looking down from here now, though a upside to 3500 possible. Anyone concur here NOW??

Target at 3005.

Good luck.
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Its all in the mind.
  • #90,827
  • Apr 29, 2009 6:02pm Apr 29, 2009 6:02pm
Quoting gatorinla
*L* now i got 3589....mt4 ... 3639 on dealbook is closer to yours..

bbl
Well one of us sucks at this If we see a break up from here I can hear the call for 1.6 already
  • #90,828
  • Apr 29, 2009 6:08pm Apr 29, 2009 6:08pm
Quoting 5abi
I am short at 3312 now-H-lines shows my area for further shorts. 1.3586 is my stop.

Target at 3005.

Good luck.
Are you going for the h4/h1 lrc lower bound? Might be a little aggressive. Not saying is wrong, it's just gonna take a while.
  • #90,829
  • Edited 6:22pm Apr 29, 2009 6:10pm | Edited 6:22pm
Want an explanation for why we just jumped up?

Thats easy.

Hasnaa did it.

Good job pissing her off, everyone. Now she is gonna use her powers to make us lose money.

Oh, and...
  • #90,830
  • Apr 29, 2009 6:15pm Apr 29, 2009 6:15pm
Attila- depends on what channel you use? I use LRC, and I use that only as a secondary confirmation to size up the move (exits basically). I rarely use any channel for an entry. Yes, I see a "possible" bounce off H1 but it in H4 LRC limbo currently.

Yes, my trades last 12-14 4-hours bars. So either my stop is hit or I get good news usually 40-60 hours into the trade.


Quoting attila
Are you going for the h4/h1 lrc lower bound? Might be a little aggressive. Not saying is wrong, it's just gonna take a while.
Its all in the mind.
  • #90,831
  • Apr 29, 2009 6:20pm Apr 29, 2009 6:20pm
Quoting 5abi
Attila- depends on what channel you use? I use LRC, and I use that only as a secondary confirmation to size up the move (exits basically). I rarely use any channel for an entry. Yes, I see a "possible" bounce off H1 but it in H4 LRC limbo currently.

Yes, my trades last 12-14 4-hours bars. So either my stop is hit or I get good news usually 40-60 hours into the trade.

I see. I'm not using the channels for entries as they are frequently violated, but I use them for exits. I think we might have different lrc set ups, as my one and four hours line up right now. So you are a longer timeframe type, so waiting won't bother you. That's perfectly all right.
  • #90,832
  • Apr 29, 2009 6:24pm Apr 29, 2009 6:24pm
Quoting JasonGuillen
Want an explanation for why we just jumped up?

Thats easy.

Hasna did it.

Good job pissing her off, everyone. Now she is gonna use her powers to make us lose money.

Oh, and...
Really? And I thought it was because the Nikkei soared more than 3% in opening minutes (and is still going up) . And the daily doesn't look very bearish to me and it is month end blah, blah, blah - but then I'm not very technical
Nothing worth having is easy.
  • #90,833
  • Apr 29, 2009 6:29pm Apr 29, 2009 6:29pm
fundamental wise, people are thinking a -6% GDP aint that bad (I think it is a bottom too), Lewis is out, Chrysler may after all be saved, Wall street rallied-so why not Euro. Also it being wednseday and all.

But sooner or later some one will understand that all these good news are coming out of USA, and Europe may still be in the gutter for a long time to come. If I was market, I will just hammer Euro tonight considering no more QE by Mr. NOBAMA.



Quoting Patience
Really? And I thought it was because the Nikkei soared more than 3% in opening minutes (and is still going up) . And the daily doesn't look very bearish to me and it is month end blah, blah, blah - but then I'm not very technical
Its all in the mind.
  • #90,834
  • Apr 29, 2009 6:29pm Apr 29, 2009 6:29pm
Nope.

It was her.
  • #90,835
  • Apr 29, 2009 6:32pm Apr 29, 2009 6:32pm
Quoting knuckledrag
Well one of us sucks at this If we see a break up from here I can hear the call for 1.6 already

1.6000 wake up bro......
DISCIPLINE IS THE KEY TO SUCCESS!!!:nerd:
  • #90,836
  • Apr 29, 2009 6:33pm Apr 29, 2009 6:33pm
But my concurrence is conditional on what happens next. We may have shifted gears. I've had to discard my last large-scale Elliot Wave count, and rethink this one, as levels are being violated, forcing me to reconsider what's going on. I was extremely bearish and didn't think we'd see that upper trendline approached for a long time. Now, well, it's a whole other ball game. We're currently in the fifth wave of a five-wave impulse up, that seems bound to top around 1.3370. Then, will it be a typical ABC correction, launching us right into another five waves up?

I'm beginning to view that March climb from .2600 as the first leg (a) of a major C correction. If that's the case, and the recent dollar strength was an ABC zig-zag from 1.3700, then it was the middle arm of the C stroke, and we have "c of C" coming up, which, according to Elliot Wave theory, should be equal length to the upstroke from 1.3600 to 1.3700, which puts us.... looking from 1.2900 to 1.400.

It's possible. As far as I can see it would allow the pattern we've seen to be accomodated by an Elliot Count. It's quickly becoming my preferred count, as my last one was shattered by recent highs (I thought we'd just seen a 3 of 3 down.

Cheers



Quoting 5abi
I am short at 3312 now-H-lines shows my area for further shorts. 1.3586 is my stop.

PS- It seems the falling trendline could not be pierced and RSI oversold too. I am looking down from here now, though a upside to 3500 possible. Anyone concur here NOW??

Target at 3005.

Good luck.
Channeling profits from the fractal universe.
  • #90,837
  • Apr 29, 2009 6:36pm Apr 29, 2009 6:36pm
-6% isn't the bottom, still a way to fall and thats without factoring in the effect of a swine flu world wide, just been raised to level 5 outta 6, expect it'll be raised to level 6 within a week sadly.

The odds are most of you will have it by the end of the year, time off work, the panic as it spreads, NASTY!!!


Bad timing, makes a bad situation for all, much worse.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #90,838
  • Apr 29, 2009 6:40pm Apr 29, 2009 6:40pm
Quoting JasonGuillen
Nope.

It was her.
Well that's saying something for "pink power" - not sure what though.

Ooopppsss, hang on, I think I just heard Hasnaa's stops being popped
Nothing worth having is easy.
  • #90,839
  • Apr 29, 2009 6:41pm Apr 29, 2009 6:41pm
Could be, but who is counting. Also I read somewhere optimism adds a few extra summers to yer life.

What country you from? I am sure it aint best of the times there either??


PS- AUD-USD Short looking yummy from here. Let us see.


Quoting Turveyd
-6% isn't the bottom, still a way to fall and thats without factoring in the effect of a swine flu world wide, just been raised to level 5 outta 6, expect it'll be raised to level 6 within a week sadly.

The odds are most of you will have it by the end of the year, time off work, the panic as it spreads, NASTY!!!


Bad timing, makes a bad situation for all, much worse.
Its all in the mind.
  • #90,840
  • Apr 29, 2009 6:42pm Apr 29, 2009 6:42pm
Quoting got pips?
1.6000 wake up bro......
I wasn't calling for it----- never mind
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