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  • #264,081
  • Jun 28, 2010 12:40pm Jun 28, 2010 12:40pm
  •  crmcwi
  • | Joined Mar 2010 | Status: Entrepreneur, Programmer, Analyst | 35 Posts
grandpost, can you show us a chart of this prediction?


Quoting grandpost
Okay I am so excited....you know how you have always thought to hold one position for a long time it would probably pay off better than your trading ........ well here is one......

We never going past 1.24 up and down all the way to 1.027......that returns 20 to 1.....so if you calculate your stop at 1.25 and sell all what you have down ...then close your screen and come back on 24/8/2010 you should have 20 times around of what you invested......

this is how long term works......and you can see from the impulse move down that it is a good position...
  • #264,082
  • Jun 28, 2010 12:44pm Jun 28, 2010 12:44pm
Quoting masoudborbor
are u sure? I dont think ur platform lets u short from 2290 and put ur sl in 2250
Surely that would be a stop of 40 pips and IG Index allows a min SL of 10 on spot E/U (with a min SL of 60 on the forward trade).

Anyway, it's history now since it already hit the 12275 target :-)
  • #264,083
  • Jun 28, 2010 12:44pm Jun 28, 2010 12:44pm
we're gonna have a nice pair of tweezers on 4hr u/j. i'm holding my long
  • #264,084
  • Jun 28, 2010 12:45pm Jun 28, 2010 12:45pm
we get a new fall soon
  • #264,085
  • Jun 28, 2010 12:46pm Jun 28, 2010 12:46pm
Quoting EasyTrader
Support @ 1.2250

If support broken, next target 1.220. If 1.220 broken I'm targeting 1.213.

Happy trading.
are we going directly there???really i don't think so..it will test at least 2320-40 then could continue its trend what do you say?

ub
  • #264,086
  • Jun 28, 2010 12:46pm Jun 28, 2010 12:46pm
Nice words, don't apply now.........because you are wrong unless you are scalping buys........

show us the balance to back it up......this is not a trading contest......but merely awakening the herd.......

This is an impulse wave down....5 of 3............Repeat 3,3,3,3,3,,3,3,3,3,3,3......this is one of the opportunities in the market where it is fast and everyone recognized SELL......

Yet someone here is saying it takes 2 sides to make the market.......

The fed trades the pattern, speculators trade the pattern......Geniuses are on the other side ......

Learn the pattern.........or learn a time tested system.....enough Jibbirish people......

I will post how I carry this trade to INSANITY ......Awesome traders capitalize on Impulse waves down ......They also last through corrections without going bankrupt......you try and stay in the game for these opportunities......you have to know it is one through knowledge......

I can show you with charts what is happening Elliott.....and the fibonacci that is in the works.......This is the wave that makes the fortunes.....

1.2258 a stall will happen and upto 1.2285 then a sell it keeps going and I can tell where all the stall will be and the market will never go upto 1.25 again...


Quoting Jhig
The statement above holds true. I am always, somehow different reading of the market than the masses. Chill out! I give my analytics of the market in contributing to those who listens and FF. This isn't a pissing contest. My market analytics are for the most part 90% right, so take it with a grain of salt. Follow yours and I'll follow mine. For those turning this into some trading contest, get over yourself ... I've got the balance to back up an of my claims.

I'm looking for longs, period. As I said before, I don't follow anyones analytics...
  • #264,087
  • Jun 28, 2010 12:46pm Jun 28, 2010 12:46pm
Quoting ultfrisbee
Trying a long @ 1.2270 with SL right under 1.2250. If SL is hit and support broken, then I'll short it.
be careful.

trying to catch reversals is like trying to catch knives!

@least set your SL @ BE as soon as ( and if) it hits 2300

I would not go long before a 1h close above daily PP...

regards
  • #264,088
  • Jun 28, 2010 12:46pm Jun 28, 2010 12:46pm
Quoting Jhig
The statement above holds true. I am always, somehow different reading of the market than the masses. Chill out! I give my analytics of the market in contributing to those who listens and FF. This isn't a pissing contest. My market analytics are for the most part 90% right, so take it with a grain of salt. Follow yours and I'll follow mine. For those turning this into some trading contest, get over yourself ... I've got the balance to back up an of my claims.
I hope that I didn't offend you with my question about fundamentals; it wasn't my intent. I'm trying to learn more about technicals, not piss anyone off.
We all have different trading styles and risk tolerance; the most important thing is finding a style that works for you.
I've been trading strictly off of fundamentals and it's worked well, but I believe that I could be a much better trader by learning more about the technicals, which is why I'm here.

Good luck to all.

On a fundamental note, this concerned me about the EUR: http://ftalphaville.ft.com/blog/2010...iquidity-dies/
The ECB has a lot of debt to roll on 1 July.
  • #264,089
  • Jun 28, 2010 12:47pm Jun 28, 2010 12:47pm
http://img819.imageshack.us/img819/2310/eurusdq.th.png


This is what im seeing, will reach Andrews median line quite soon within 5-10 hours
  • #264,090
  • Jun 28, 2010 12:49pm Jun 28, 2010 12:49pm
Quoting Orbital
http://img819.imageshack.us/img819/2310/eurusdq.th.png


This is what im seeing, will reach Andrews median line quite soon within 5-10 hours

unless this is one of those 20% where it doesn't hit the median line!!
  • #264,091
  • Jun 28, 2010 12:51pm Jun 28, 2010 12:51pm
am happy eurusd is falling again even as i close my friday short at good profit.there are many uncertainity in eur for now and i think is good to play the range if she want to keep us in the range of 1.23-1.2250.nut a breake below 1.2250 will make me sell with my two eyes close. still waiting for my last trade to hit my t/[email protected]...
  • #264,092
  • Jun 28, 2010 12:51pm Jun 28, 2010 12:51pm
Quoting ubaidahsan
are we going directly there???really i don't think so..it will test at least 2320-40 then could continue its trend what do you say?

ub
Trying to keep it simple... Using channels and Elliot... Might hit 1.213 only in 2 days.
  • #264,093
  • Jun 28, 2010 12:54pm Jun 28, 2010 12:54pm
Quoting cunha
unless this is one of those 20% where it doesn't hit the median line!!
http://img30.imageshack.us/img30/489...lydaily.th.png


Actually it should and can be ruled out when looking at this daily timeframe, it tried to hit ML but failed and returned, so there is a high probability chance to go for the warning line which i havent drawn in after it reaches the lower median line. thats why im playing at, fibonacci is giving support to this idea right now.
  • #264,094
  • Jun 28, 2010 12:55pm Jun 28, 2010 12:55pm
Quoting EasyTrader
Trying to keep it simple... Using channels and Elliot... Might hit 1.213 only in 2 days.
i do agree in next 2 days it could but it needs to hold today's high and make lower then that then may be tomorrow or on Wednesday we will enjoy a ride but right now in next 3-4 hours it will test 2320-40 and then down i am hopeful 2340 is a good point for shorting till 21xx... what are your views about it?1H Trendline tells that it is tested LTL at 2280 so it has to go up to test 2320-40 min to continue down let see my SL will hit or tp..


Ub
  • #264,095
  • Jun 28, 2010 12:59pm Jun 28, 2010 12:59pm
Quoting cunha
be careful.

trying to catch reversals is like trying to catch knives!

@least set your SL @ BE as soon as ( and if) it hits 2300

I would not go long before a 1h close above daily PP...

regards
Moved SL @ +5 pips when it was at +9. I know it's not a lot of breathing rom, but since I'm expecting EU to drop soon enough, so that was just a bonus.
  • #264,096
  • Jun 28, 2010 1:00pm Jun 28, 2010 1:00pm
Quoting Orbital
http://img30.imageshack.us/img30/489...lydaily.th.png


Actually it should and can be ruled out when looking at this daily timeframe, it tried to hit ML but failed and returned, so there is a high probability chance to go for the warning line which i havent drawn in after it reaches the lower median line. thats why im playing at, fibonacci is giving support to this idea right now.

in forex, nothing can be ruled out.

im not saying it won't hit ML (that should be around 2200) but I belive it would need a little retrace before that... which means it would probably hit the ML tomorrow (GMT) around NY session opening... but who nows!
  • #264,097
  • Jun 28, 2010 1:03pm Jun 28, 2010 1:03pm
yes I can, but If I show one chart with all the lines on it it will be confusing but I will try so I don't clutter the thread for the rest......

Red fibs measure to wave 1.......result wave 3 at 1.61

now the next part will be hard for you to understand if you don't know elliott and fractals...

blue fib measures to wave 1 of the smaller fractal......so it's wave 3 was at 1.618 which completed and we had a correction which also completed and I can show you this correction measurements but on other charts....now we are heading to the 2.618 blue line that matches the 1.618 red fib to complete primary trend wave 3....

this all happens within the fib time expansion of measuring from beginning of wave 1 to wave 2 gives you 1.618 wave 3 on 9/26 it is a different date than what I said earlier because the line shifts on the daily chart and this is wkly representation

Unfortunately I never label my charts....if you want elliott educational material so you understand my post plz ask....

I will also later add using a momentum system so I will post entry signals for anyone who wants to follow.....

Quoting crmcwi
grandpost, can you show us a chart of this prediction?
Attached Image (click to enlarge)
Click to Enlarge Name: elliott1.gif Size: 55 KB
  • #264,098
  • Jun 28, 2010 1:04pm Jun 28, 2010 1:04pm
Good book I'm reading right now...

"Liars Poker" author is Michael Lewis, he worked for Salomon bro's and really breaks down the bond trading and what they were doing. He's got another that's a best seller called "The Big Short" on Paulsons bet against sub prime MBS's among others.
  • #264,099
  • Jun 28, 2010 1:05pm Jun 28, 2010 1:05pm
from tomorrow i'm away for a while. i'm now short from 1.2473, shall i close now, or set a take profit for some more pips and profit...?
  • #264,100
  • Jun 28, 2010 1:06pm Jun 28, 2010 1:06pm
Quoting cunha
in forex, nothing can be ruled out.

im not saying it won't hit ML (that should be around 2200) but I belive it would need a little retrace before that... which means it would probably hit the ML tomorrow (GMT) around NY session opening... but who nows!
I think youre not getting me, im playing multiple timeframes here, ofcourse there can be a rebound as illustrated on this 15m timeframe picture:

http://img819.imageshack.us/img819/3...ingfork.th.png


All im trying to say is that its heading for that warning line below the Lower median line of the Green fork on the daily TF picture, that could take a while but my plays are set, right now im watching how this will behave and im betting on a long towards the aqua coloured median line, if that fails my SL kicks in and im in place for a short. Thats all
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