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EURUSD

  • #293,881
  • Sep 20, 2010 7:48am Sep 20, 2010 7:48am
Does anyone know if it is possible to get USD index in MT4 ?
  • #293,882
  • Sep 20, 2010 7:50am Sep 20, 2010 7:50am
Quoting Sunsi
Does anyone know if it is possible to get USD index in MT4 ?
yes, brocotrader has it.
  • #293,883
  • Sep 20, 2010 7:54am Sep 20, 2010 7:54am
Quoting Mr Hatch
thanks a micro-lot!
yw
  • #293,884
  • Sep 20, 2010 7:58am Sep 20, 2010 7:58am
Quoting Mr Hatch
thanks a thousand times for pointing this out to me (and a few others i think as well). i can follow your train of thoughts, but i'd never had detected this myself. from the few things i know about ew, there will eventually follow some king of abc-correction, if the end of wave 5 is reached, won't there?
for the time being, i'm struggling with mm in the different timeframes (m5/m15/h1/h4), because i need to find out which one will be stronger, so that i can finally spot some kind of setup.

the todo-list is constantly growing... at least i need...

Hello Mr. Hatch,

with this last downmove subwave 4 entered territory of subwave 1. Maybe we have to recount the upmove since this night as a Ending Diagonale, or we have just a truncated wave, were wave 5 isn't even existent. Don't know if this is allowed in the sense of Elliott.

When I count on 5min chart, than there is a big possibility that the whole upmove ended at 1.3121. On 5 min chart one can count wave 3 and wave 5 in the move 3068 to 3121. Than followed a leading diagonale as wave 1 down, than sideway wave 2 and now a wave 3 down.

For this case keep in mind, that wave 4 has to retrace deep, because wave 2 was sideways (rule of alternation). I think wave 4 will go back to 1.3062 (MM 15 M Pivot) or 1.3077 (MM 5M 1/8)

Very confusing right now. Have to wait and see what is developing. Have to evaluate, if the drop from 1.3120 to 1.3037 can be counted as an ABC. That would set quite another stage with a drop now to around 1.3000 to 1.2845 with another rise above 1.3120. That would suck for all Shorts (Stock-Markets and EURUSD)

Right now we are dropping very impulsive.

Your question regarding end of wave 5 and ABC correction:

It depends:

a) a 5 can be followed by a ABC-correction
b) a 5 of a Wave A will be followed by a ABC correction
c) a 5 of a Wave C (this case) will be followed by an Impulse (5 waves) in the opposite direction


Regarding MM-Lines:

The higher the timeframe the stronger the lines.

The variable P in my MM indicator is set to 256. That had a good reason I can not remember right now. Will have to dig a little bit.

For Metatrader to get the indicator google this: Murrey_Math_AllTF.mq4

This is an all Timeframe indicator which is very comfortable.

Later more regarding MM....

Markus
  • #293,885
  • Sep 20, 2010 8:05am Sep 20, 2010 8:05am
Quoting infinitus
Regarding MM-Lines:

The higher the timeframe the stronger the lines.

The variable P in my MM indicator is set to 256. That had a good reason I can not remember right now. Will have to dig a little bit.

For Metatrader to get the indicator google this: Murrey_Math_AllTF.mq4

This is an all Timeframe indicator which is very comfortable.

Later more regarding MM....

Markus
Using that indicator with that setting scrambles my traditional MMs, they are different levels.
Murrey Math on every TF + Divergences on higher TFs
  • #293,886
  • Sep 20, 2010 8:10am Sep 20, 2010 8:10am
Quoting Mikispag
Using that indicator with that setting scrambles my traditional MMs, they are different levels.
Leave P @ 64 believe me
  • #293,887
  • Sep 20, 2010 8:10am Sep 20, 2010 8:10am
60 passed really well. 36 respected. next is 03-89. possibly a good bump here.

then 2948 and the 2920 are where i would like to see the day end.

hapipipin

Quoting wannaberich
to break 98...

the big numbers down in my book are 60 and 36 now. on how it reacts at those levels we will probably get our near term trend.

hapipipin
dreams do come true.
  • #293,888
  • Sep 20, 2010 8:15am Sep 20, 2010 8:15am
looking a little more in detail: next is 007 and then 2959.

IF we get past where we are, of course...

hapipipin
dreams do come true.
  • #293,889
  • Sep 20, 2010 8:17am Sep 20, 2010 8:17am
Quoting wannaberich
looking a little more in detail: next is 007 and then 2959.

IF we get past where we are, of course...

hapipipin


http://www.forexrainbow.com/files/c6...y72951byn6.jpg
A little beginner trader since 2006
  • #293,890
  • Sep 20, 2010 8:17am Sep 20, 2010 8:17am
Nice shorts close & now looking for scalping anti-trend long for some pips before another drive down if possible if any with sl below 3020 though apparent hs h1 tf & rally down only 4th candle running.
May be more space downside in a rangy day like today perhaps .

fontu
Attached Image
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,891
  • Sep 20, 2010 8:20am Sep 20, 2010 8:20am
Was there any news that influenced this slightly strong move down?

I see USDx closing the gap and gaining some strength at the moment.

I suspect it might have to do with Portugal but I cannot seem to find any news with regards to it.

Just curious while waiting for entries.
  • #293,892
  • Sep 20, 2010 8:20am Sep 20, 2010 8:20am
Hi Fontu,

heavily loaded down (since friday) so might just be wishful thinking here but i still see no signs that this move as halted...

07-90ish could be better?

green pips to u



Quoting fontu
Nice shorts close & now looking for scalping anti-trend long for some pips before another drive down if possible if any with sl below 3020 though apparent hs h1 tf & rally down only 4th candle running.
May be more space downside in a rangy day like today perhaps .

fontu
dreams do come true.
  • #293,893
  • Sep 20, 2010 8:21am Sep 20, 2010 8:21am
Quoting gatorinla
we had enough momentum for #1 but #2 is hung up on #3's mofu.... so we are stuck between...
sos different day. but we may have momentum now. on the weekly the 89ema crossed has firmly the 200ema now. fridays chart updated.
Attached Image (click to enlarge)
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Attached Image
those who can, do. those who cant, talk about those who can
  • #293,894
  • Sep 20, 2010 8:22am Sep 20, 2010 8:22am
  •  bialy
  • | Joined Sep 2010 | Status: forex makes me alcoholic :) | 42 Posts
Quoting Villonius
Hi Bialy,

That is a Triangle pattern, a continuation pattern and most of the time this pattern breaks out in the direction of the original trend, in this case upwards.That doesn't mean it will this time just that the probability is greater that it will break the pattern to the upside than the downside.

V
"triangle" broken, we need signal for shorts
ATTENTION , ITS 8MIN TO US OPEN
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  • #293,895
  • Sep 20, 2010 8:22am Sep 20, 2010 8:22am
Quoting T@rantula
Leave P @ 64 believe me
Sure , I got several nice results that way!
Murrey Math on every TF + Divergences on higher TFs
  • #293,896
  • Edited 8:50am Sep 20, 2010 8:25am | Edited 8:50am
Quoting wannaberich
Hi Fontu,

heavily loaded down (since friday) so might just be wishful thinking here but i still see no signs that this move as halted...

07-90ish could be better?

green pips to u
Thanks , yes fully aware of this & just scalping & bets minimum with safety guard .same to you , green pips all day long .
Though did it instantly ,out of reflex , I see the logic now,. M15,30 have both buy set up perfection now & likely up towards 3075 200ma m15 -99 resistance again before retest if 200ma m30 3024 again if . so can wait perhaps and let it die to take shorts below 3020 for 2923 perhaps .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #293,897
  • Sep 20, 2010 8:28am Sep 20, 2010 8:28am
Quoting fontu
Nice shorts close & now looking for scalping anti-trend long for some pips before another drive down if possible if any with sl below 3020 though apparent hs h1 tf & rally down only 4th candle running.
May be more space downside in a rangy day like today perhaps .

fontu
looking for a short option @3061-3063
  • #293,898
  • Sep 20, 2010 8:29am Sep 20, 2010 8:29am
Quoting obaasima
I'm short on EUR @ 1.3089, s/l 1.3131 and t/p @ 1.2980.Looks like the up move is over for now.
Closed EUR trade @ 1.3037, +52 pips banked.
Trade well y'all.
  • #293,899
  • Sep 20, 2010 8:34am Sep 20, 2010 8:34am
Just woke up to find another 78 pips in the bag and trade 3 is underway 3040 to 3140. If today closes at or lower than Friday, it'll complete 123 top patttern on the daily chart and then wham 2900 here we come.
Founder of Sutherland Wave Principle
  • #293,900
  • Sep 20, 2010 8:36am Sep 20, 2010 8:36am
Quoting infinitus
Hello Mr. Hatch,

with this last downmove subwave 4 entered territory of subwave 1. Maybe we have to recount the upmove since this night as a Ending Diagonale, or we have just a truncated wave, were wave 5 isn't even existent. Don't know if this is allowed in the sense of Elliott.

When I count on 5min chart, than there is a big possibility that the whole upmove ended at...
got it.
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