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  • #288,181
  • Sep 2, 2010 4:34am Sep 2, 2010 4:34am
here is my 2 cents (I am just learning) but i dont think 2848 its going to offer 'much' resistance, looks like its in the way of the 5th wave which started yesterday and must break through 2844, it will probably reach 2885 which is R1

Quoting T@rantula
yea mate, 2848 is a good resistance, +1 octave @ h1 TF intraday resistance, 75 % chance to reverse it,breaking it will send us close to 2878. There is 95 % chance to reverse off +2 octave, before it moves to 2900 levels
  • #288,182
  • Sep 2, 2010 4:34am Sep 2, 2010 4:34am
Quoting T@rantula
yea mate, 2848 is a good resistance, +1 octave @ h1 TF intraday resistance, 75 % chance to reverse it,breaking it will send us close to 2878. There is 95 % chance to reverse off +2 octave, before it moves to 2900 levels
right but pa not follow any % chance at all time . anything can happen & we & any indicators just readjust & will have the reasons , what & why happening after it already happened.
anyway good point. looking the key levels taken up before the pullback if not so strong bull at present, just me consider pullback halfway or above strong bull , below it moderate & as of normal pa & below the level weaker try .

update TD SC : H1 buy signal confirmed , h4 last cd buy 13 th running & if stay up for next 4 hrs then close h4 candle also confirm a buy signal there , next pullback before bull again . so possible break 2889 towards 2923 before the common pullback start .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #288,183
  • Sep 2, 2010 4:37am Sep 2, 2010 4:37am
Quoting 1pipperhour
Not bad , it really went down. But still didn't take it
Thanks

Well, price stalled a bit now. Figures, GU wants up, EG is capped now.

USD crosses are at extreme, not sure rebounding and eur/chf respecting 50 day ma on 5 min if respecting
They think they are smarter than I am.
  • #288,184
  • Sep 2, 2010 4:45am Sep 2, 2010 4:45am
Quoting DrLobo
here is my 2 cents (I am just learning) but i dont think 2848 its going to offer 'much' resistance, looks like its in the way of the 5th wave which started yesterday and must break through 2844, it will probably reach 2885 which is R1
2852 is a good resistance
  • #288,185
  • Sep 2, 2010 4:48am Sep 2, 2010 4:48am
Quoting AlbertPortsm
Hello doclious,

What tools or indicators you have used in understanding the trends and how they had helped you to increase your margins..

thanks
Albert
Albert,

You must dedicate yourself to the study of price action (PA). Lock yourself in a room with your computer and observe PA on E/U across all time frames. Attend to this for at least 8 hours a day, at the Tokyo open, the Frankfort/London open and the New York open. Draw lines of support/resistance on your charts. Draw the fibonacci extensions from the high/low levels on various timeframes. Pay special attention to the waveform characteristics of PA on all timeframes.

I recommend you become a vegetarian, avoid all drugs and alcohol, fast periodically, take up meditation and tai chi, and only have sex during the dark of the moon. Through close observation of PA you will be able to predict the future cycles of the rate on any timeframe and you will know vast wealth beyond your wildest dreams.

Good Luck.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #288,186
  • Sep 2, 2010 4:50am Sep 2, 2010 4:50am
Quoting DrLobo
here is my 2 cents (I am just learning) but i dont think 2848 its going to offer 'much' resistance, looks like its in the way of the 5th wave which started yesterday and must break through 2844, it will probably reach 2885 which is R1
Perhaps & as seems eu in wave 4 retracement can be any complex before actually go for 5th wave . so anything still may happen , downside 2742 -previous top 2855 , breaks up confirm ( also just top as failure 5th if not break ) only 5th wave towards 2923 .considering just below 2848 for tp now .
lets see what levels act most , old sr or any new created if wants to.
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #288,187
  • Sep 2, 2010 4:50am Sep 2, 2010 4:50am
Lunch time, seems that it applies this pair as well, likely waiting GU to jump in
They think they are smarter than I am.
  • #288,188
  • Sep 2, 2010 4:51am Sep 2, 2010 4:51am
Quoting The Fool
Albert,

I recommend you become a vegetarian, avoid all drugs and alcohol, fast periodically, take up meditation and tai chi, and only have sex during the dark of the moon. Through close observation of PA you will be able to predict the future cycles of the rate on any timeframe and you will know vast wealth beyond your wildest dreams.

Good Luck.

Sounds fun!
  • #288,189
  • Sep 2, 2010 5:04am Sep 2, 2010 5:04am
looking at time of w4 a scalp short to get 1.2745 then a buy to go higer
  • #288,190
  • Sep 2, 2010 5:05am Sep 2, 2010 5:05am
my thoughts
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  • #288,191
  • Sep 2, 2010 5:09am Sep 2, 2010 5:09am
Quoting nawafasad1
my thoughts
Why do you have 76.4 Fib number?
Isen`t the fib 79?
  • #288,192
  • Sep 2, 2010 5:09am Sep 2, 2010 5:09am
Quoting nawafasad1
looking at time of w4 a scalp short to get 1.2745 then a buy to go higer
if 2745 then why buy at there.. ?? for me if it breaks 2756 and close below that then next target will be 2616 and 2512..well..lets see
  • #288,193
  • Sep 2, 2010 5:12am Sep 2, 2010 5:12am
(I am just learning) but this is what I can see at the moment.

Please correct me if you think this is wrong because i am trying to learn.

Currently I think wave 2 (correction of wave 1) is going through a triangular corrective wave (consists of 5 waves rather than 3) this indicates market is exhaustive.

We still need to complete wave 3,4 and 5 but maybe the bullish move will not be so expansive ?
Attached Image (click to enlarge)
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  • #288,194
  • Sep 2, 2010 5:16am Sep 2, 2010 5:16am
Quoting Sunsi
Why do you have 76.4 Fib number?
Isen`t the fib 79?
i use that fib for reversal but there is others and lots of traders use them
  • #288,195
  • Sep 2, 2010 5:19am Sep 2, 2010 5:19am
Quoting PriceVolume

  • #288,196
  • Sep 2, 2010 5:20am Sep 2, 2010 5:20am
Quoting Shah22
if 2745 then why buy at there.. ?? for me if it breaks 2756 and close below that then next target will be 2616 and 2512..well..lets see
support and resistance are areas not lines 1.2756 is in the area of 1.2745 or what we call the zone but i was looking at wave 4 not to go into w1 so when it gets in that area look for a buy . the main thing in my chart is the time fib of w4 which is 1.382 to 1.618 of w2 which we r in now
  • #288,197
  • Sep 2, 2010 5:23am Sep 2, 2010 5:23am
Quoting fontu
Perhaps & as seems eu in wave 4 retracement can be any complex before actually go for 5th wave . so anything still may happen , downside 2742 -previous top 2855 , breaks up confirm ( also just top as failure 5th if not break ) only 5th wave towards 2923 .considering just below 2848 for tp now .
lets see what levels act most , old sr or any new created if wants to.
fontu
Have I told you, lately, that I love you... Have I told you.
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  • #288,198
  • Sep 2, 2010 5:24am Sep 2, 2010 5:24am
Quoting HiCS
risky move; yes there is some upside but not much, not further than 2848 IMO; I was long from 2784 but switched to short from 2830; on my system there is big drop set up which can only be overcome by huge buying volume and with the ECB rate decision likely to remain same, shorts till NFP data tomorrow is the best side to be... go long tomorrow
wise words
  • #288,199
  • Sep 2, 2010 5:25am Sep 2, 2010 5:25am
Yup, usd crosses going to bull mood, time to switch sides from bull to bear soon.
They think they are smarter than I am.
  • #288,200
  • Sep 2, 2010 5:28am Sep 2, 2010 5:28am
hi guys :-)

everyone's shy of yesterday's high... anything in the pipe?
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