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  • #300,521
  • Oct 4, 2010 4:41pm Oct 4, 2010 4:41pm
Quoting svet_an
On 1H chart it is... but on the daily I think we have reached the 5th wave... fib cluster also formed at the high from Friday. Now a down move started so I believe we are going to go don now...

Actually I think we are starting the down trend... What do you guys think?


i think will need a bigger number for that 1,4000 perhaps.. but we got a bounce of upper channel line...
  • #300,522
  • Oct 4, 2010 4:43pm Oct 4, 2010 4:43pm
Quoting FibbinArchie
A close below lower TL may paint a more bearish picture.
I think we are starting a down trend... serious down trend...
  • #300,523
  • Oct 4, 2010 4:45pm Oct 4, 2010 4:45pm
Quoting svet_an
I think we are starting a down trend... serious down trend...
Then if that's what you think, short as much as you can...
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,524
  • Oct 4, 2010 4:45pm Oct 4, 2010 4:45pm
Trend Channel on the dailys..
Attached Image (click to enlarge)
Click to Enlarge Name: eu 410_2.jpg Size: 248 KB
  • #300,525
  • Oct 4, 2010 4:46pm Oct 4, 2010 4:46pm
Quoting Bootleger
Then if that's what you think, short as much as you can...
First we do not have the confirmation yet and plus we do not have a good retracement yet...
  • #300,526
  • Oct 4, 2010 4:46pm Oct 4, 2010 4:46pm
Quoting FibbinArchie
Trend Channel on the dailys..
That's a beautiful Euro bull chart
US Dollar is trash... Get out of that Ponzi scheme !!!
  • #300,527
  • Oct 4, 2010 4:47pm Oct 4, 2010 4:47pm
1.3680 seems strong even though the highs keep getting lower.
making green pips large and red pips small this is my goal.
  • #300,528
  • Oct 4, 2010 4:47pm Oct 4, 2010 4:47pm
Quoting svet_an
I think we are starting a down trend... serious down trend...
What are you basing your assumptions on?

UC threatening a new low...
  • #300,529
  • Edited 4:53pm Oct 4, 2010 4:48pm | Edited 4:53pm
Quoting Bootleger
That's a beautiful Euro bull chart
Yes and we see 5 waves completed...
  • #300,530
  • Oct 4, 2010 4:49pm Oct 4, 2010 4:49pm
Quoting The Fool
.34xx would be outstanding, because you have to know that 1.4x is in the cards unless the Fed really does back off QE or some major risk-aversion sets in or both.

Fresh run at 1.38 and BoJ is the wild card. Its all just Boo-Ray.
yep, then some..not good times in ez coming.
Attached Image
those who can, do. those who cant, talk about those who can
  • #300,531
  • Oct 4, 2010 4:52pm Oct 4, 2010 4:52pm
Quoting FibbinArchie
What are you basing your assumptions on?

UC threatening a new low...
There are many assumptions but few of them are:
1. The pair is very overbought on DAILY chart
2. Daily chart - 5th wave seems to be completed
3. Possible confirmation for point 3 is the fib cluster that formed right at 1.38
4. A move down has started - should be watched carefully in order to see if it is the start of the trend (which I believe) or is another correction.
5. Anyway, the pair is limited on the upside move (extremely overbought) and even if it goes up it is not going much further.
  • #300,532
  • Oct 4, 2010 4:53pm Oct 4, 2010 4:53pm
Quoting Bootleger
That's a beautiful Euro bull chart
Not much sign of new bear run developing in my opinion, that top this morning was pretty soft as well, no real selling behind it, just a bit of mid-trend profit taking at the top of the channel, of course it could break all support and tank, all we're doing is quantifying probabilities.
  • #300,533
  • Oct 4, 2010 4:55pm Oct 4, 2010 4:55pm
Quoting svet_an
There are many assumptions but few of them are:
1. The pair is very overbought on DAILY chart
2. Daily chart - 5th wave seems to be completed
3. Possible confirmation for point 3 is the fib cluster that formed right at 1.38
4. A move down has started - should be watched carefully in order to see if it is the start of the trend (which I believe) or is another correction.
5. Anyway, the pair is limited on the upside move (extremely overbought) and even if it goes up it is not going much further.
Ah maybe, very difficult to predict something you have no control over, I just let price lead me..
  • #300,534
  • Oct 4, 2010 4:55pm Oct 4, 2010 4:55pm
Quoting FibbinArchie
Not much sign of new bear run developing in my opinion, that top this morning was pretty soft as well, no real selling behind it, just a bit of mid-trend profit taking at the top of the channel, of course it could break all support and tank, all we're doing is quantifying probabilities.
Everything is probabilities. We are trying to make predictions based on the info that we have and certain assumption.
  • #300,535
  • Oct 4, 2010 4:57pm Oct 4, 2010 4:57pm
Quoting svet_an
Yes and we see 5 waves completed...
of your right you got a weekly tweezers to form.. if you look at many of the weekly reversals it happens this way. im not putting all my money in red just yet.. but i do have some..
those who can, do. those who cant, talk about those who can
  • #300,536
  • Oct 4, 2010 5:01pm Oct 4, 2010 5:01pm
Quoting svet_an
Everything is probabilities. We are trying to make predictions based on the info that we have and certain assumption.
they start like this.. we will c Sunday..
Attached Image (click to enlarge)
Click to Enlarge Name: bear 1.PNG Size: 28 KB
those who can, do. those who cant, talk about those who can
  • #300,537
  • Oct 4, 2010 5:01pm Oct 4, 2010 5:01pm
Quoting svet_an
I think we are starting a down trend... serious down trend...
Don't think anything. The market can go either way at any given time... we have no control over it. All we can do is make educated guesses with our methods through discipline and money management.
  • #300,538
  • Oct 4, 2010 5:03pm Oct 4, 2010 5:03pm
Quoting bbakker
Don't think anything. The market can go either way at any given time... we have no control over it. All we can do is make educated guesses with our methods through discipline and money management.
  • #300,539
  • Oct 4, 2010 5:03pm Oct 4, 2010 5:03pm
Gotta break the devil number 1.3666.
then saddle up the bear.
making green pips large and red pips small this is my goal.
  • #300,540
  • Oct 4, 2010 5:09pm Oct 4, 2010 5:09pm
Quoting gatorinla
they start like this.. we will c Sunday..

Hi Gator -

Could you please explain a little more so that I can comprehend better, thanks in advance
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