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  • #2,261
  • May 6, 2010 10:25am May 6, 2010 10:25am
Quoting Cotton-I-Jo
It's a Crab !

Take Care !
.
Potential target up, please?

Thanks,
Mr B
Use me as a contrarian indicator
  • #2,262
  • May 6, 2010 12:57pm May 6, 2010 12:57pm
The poor poor Euro. I wonder where it will stop.
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I trade what I see on my charts. Do Not listen to the Muppets.
  • #2,263
  • May 6, 2010 1:19pm May 6, 2010 1:19pm
Check your weekly charts, will it bounce up now???
My edge ===> Patience
  • #2,264
  • May 6, 2010 1:27pm May 6, 2010 1:27pm
There might be some reaction at 112.15 ish, but the market is in freefall.Abnormal conditions.What a week, and its not over yet.
FF journal: Peaks and Troffs
  • #2,265
  • May 6, 2010 1:48pm May 6, 2010 1:48pm
a day to remember
FF journal: Peaks and Troffs
  • #2,266
  • May 6, 2010 2:26pm May 6, 2010 2:26pm
love to watch this
  • #2,267
  • May 6, 2010 3:18pm May 6, 2010 3:18pm
Another classic example of fear of the unknown. I guess there are also sorts of piranhas and sharks waiting to buy cheap after UK elections, US Payroll and of course the same ol' Greece story that even my 10 year old son can narrate and recite like a professional.
I did ride the bears for sometime before I had to go work, could have made more pips than I can ever make in a week.
Happy weekend everyone
  • #2,268
  • May 6, 2010 3:57pm May 6, 2010 3:57pm
Not a recommendation but I opened long at 113.6, I think we are oversold here and I love to buy when there is a mass panic! We will see what happens.
  • #2,269
  • May 7, 2010 5:20am May 7, 2010 5:20am
Quoting Tsotsi
Another classic example of fear of the unknown. I guess there are also sorts of piranhas and sharks waiting to buy cheap after UK elections, US Payroll and of course the same ol' Greece story that even my 10 year old son can narrate and recite like a professional.
I did ride the bears for sometime before I had to go work, could have made more pips than I can ever make in a week.
Happy weekend everyone
http://www.forexfactory.com/news.php?do=news&id=235442

My primary school teacher used to say, "There is no smoke without fire".
  • #2,270
  • Edited 8:06am May 7, 2010 7:03am | Edited 8:06am
Well, if yesterday's debacle was a 3rd Elliott wave, currently we are in the 4th wave. As wave 4 cannot never overlap wave 1, this bounce shouldn't go above 122.3...

Also, 4th waves usually only achieve the top of the preceding 4th subwave of 3, which gives us a target around 120 for this retracement... (which coincides roughly with 61.8% Fibo at 119.8).

Opinions?

Thanks,
Mr B, NOT AN ELLIOTT EXPERT!
Use me as a contrarian indicator
  • #2,271
  • May 9, 2010 3:57pm May 9, 2010 3:57pm
BIG GAP UP!
Use me as a contrarian indicator
  • #2,272
  • May 9, 2010 4:06pm May 9, 2010 4:06pm
looks like volatility is back. Like 2008 a.k.a the good ole days
  • #2,273
  • May 9, 2010 6:06pm May 9, 2010 6:06pm
[quote=kjcisco777;3710296]looks like volatility is back. Like 2008 a.k.a the good ole days[/qYea some big moves and not good when you don't like carrying huge sl's lol
  • #2,274
  • May 10, 2010 1:20am May 10, 2010 1:20am
whats ur thoughts on e/j for this week?
  • #2,275
  • May 10, 2010 1:33am May 10, 2010 1:33am
i wonder if thursday's high will be any type of resistance for e/j
  • #2,276
  • May 10, 2010 2:05am May 10, 2010 2:05am
Quoting Clouds
i wonder if thursday's high will be any type of resistance for e/j
Probably here #1240
  • #2,277
  • May 10, 2010 2:22am May 10, 2010 2:22am
Eur/Jpy started about 310 pip above its last weeks close
It is above the resistance line 119.66
looks like It would come up around 122.00
what do u think????????
There is no randomness. It is just Chaos, a higher form of order.
  • #2,278
  • May 10, 2010 2:50am May 10, 2010 2:50am
Quoting Pipfull
Eur/Jpy started about 310 pip above its last weeks close
It is above the resistance line 119.66
looks like It would come up around 122.00
what do u think????????
im thinking maybe 124-126 by morning, this rally is crazy
  • #2,279
  • May 10, 2010 3:43am May 10, 2010 3:43am
Quoting Clouds
im thinking maybe 124-126 by morning, this rally is crazy
Clouds i expexted here this week not today but this is expecter.Becouse investitoras got strong in euro when they heard about help of Greece this is natural market...


I took yesterday 2 trade NZDUSD and EURUSD buy,both finished plus...
Pardon i diddnt post my trades here i posted on my website...


THis is trades from yesterday


first EURUSD is Insidebar tehnique secood NZDUSD is my classical setup...


Cheers and happy piping
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"Buy on fear, sell on greed !!!
  • #2,280
  • May 10, 2010 5:48am May 10, 2010 5:48am
eur jpy
elliot wave ,,,
ab=cd
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