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  • #302,821
  • Oct 7, 2010 12:21pm Oct 7, 2010 12:21pm
Quoting SkyzerFX
Shorts looking to be flushed:

Yeah, baby...

http://www.youtube.com/watch?v=J-YVt4gfquA
, Hi skyzeFX
  • #302,822
  • Oct 7, 2010 12:22pm Oct 7, 2010 12:22pm
Quoting SkyzerFX
Good question, see there is only 2 options in the Forex Up and Down,

that's why there is always "I told you so" stories, Even with that scenario

95% traders still losing, If you add to that left and right, Forex would be

impossible.. Anyone should admit that he/she have no clue what so ever,

where EU will go tomorrow, just a simple Guess and we'll go from there.
i know but i've seen wave 3 eding since 1.31

so why not try to see when 2 or 4 are ending in a bull trend.
why concentrate on the biggest of them all.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #302,823
  • Oct 7, 2010 12:23pm Oct 7, 2010 12:23pm
Quoting infinitus
Elliott Wave Count:

Must be a leading diagonal

First move down to 1.38570 can be counted as 3

Now we are in wave 2 of this LD

Wave two can retrace high

Wave 2 in a LD retraces normally between 66 and 81% of wave1
  • #302,824
  • Oct 7, 2010 12:24pm Oct 7, 2010 12:24pm
Quoting DMA Trader
how do you know 3 is done ?
it clash of the AB=CD Pattern Target in the weekly time
  • #302,825
  • Oct 7, 2010 12:25pm Oct 7, 2010 12:25pm
Quoting intery
here
Fed's Hoenig Says Opposes Any Further Easing
Thanks man, who's going to listen this guy, when FED got no buyers

for treasuries? NONE. IN order to buy papers themselves they need to do some printing

(Expand, or whatever (QE) world is using).. This Pyramid schema

should keep ballooning, if possible, or cancel whole DEBT and welcome

AMERO Place your bets accordingly..
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #302,826
  • Oct 7, 2010 12:27pm Oct 7, 2010 12:27pm
Quoting SkyzerFX
Good question, see there is only 2 options in the Forex Up and Down,

that's why there is always "I told you so" stories, Even with that scenario

95% traders still losing, If you add to that left and right, Forex would be

impossible.. Anyone should admit that he/she have no clue what so ever,

where EU will go tomorrow, just a simple Guess and we'll go from there.
i don't like the daily close

i want to see the weekly now
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #302,827
  • Oct 7, 2010 12:28pm Oct 7, 2010 12:28pm
Quoting infinitus
Wave 2 in a LD retraces normally between 66 and 81% of wave1
No Sir
wave 2 can back the 61% or max 78% of the wave 1
In rare case it can go up the 78% of wave 1
  • #302,828
  • Oct 7, 2010 12:29pm Oct 7, 2010 12:29pm
Quoting intery
here
Fed's Hoenig Says Opposes Any Further Easing
Hoenig is the only reliable hawk sitting on that b!tch - you can rely on him for the strong dollar line. But you have heard quite a bit of Fed head noise re: QE2 & whether its the right thing to do and hey maybe we should expand the balance sheet a few $billion at a time instead of just just printing off a $trillion ove a long weekend & blah blah blah but this is how they go about engineering an "orderly" USD devaluation. Today's retrace I expect is in line with the program.

But I tried to short this right after it went past 1.40 and got stopped out then too tired went to bed. Congrats to any who caught that nice drop.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #302,829
  • Oct 7, 2010 12:30pm Oct 7, 2010 12:30pm
Quoting SkyzerFX
Is that so???

Hellllooooo, DO you see anything extraordinary here??? Let me know

( I know it's cable, but still)

P.S: Shorts going to get flushed, maybe even today, when Uncle Sam gets tired to buy

it's Dollars back..

Take it easy Austin. Perhaps you don't see what I see but I've been posting charts about this reversal a few times lately. yesterday I mentioned 1.4010/25 as a possible peak and top this week.

Just added short at 1.3922 by the way
  • #302,830
  • Oct 7, 2010 12:33pm Oct 7, 2010 12:33pm
Quoting Bootleger
Currencies all over the world being devaluated... That means inflation. Gold has been a currency for the last 5000 years, this is not changing. Gold value is not changing, it's paper currencies going down the drain.
If you believe in Gold, be ready to separate paper gold from real gold in your pocket. And for sure prepare yourself to be ready that govmnt come to remove (nail) it from you like in 30th. Gold is ultimate Ponzi - when real depression come, any industrial metal will cost more than gold, I do not talk about a food. Come back to past, see where all lucky-rich gave their bijouterie when they haven't bread.
No crystal ball. I read the cards.
  • #302,831
  • Oct 7, 2010 12:33pm Oct 7, 2010 12:33pm
Quoting enterfx
It's been in the cards for a while. This is not a normal correction or pullback, it marks the end of an A-B-C rally that started in June. If 1.4028 is not the top, it's very close.
we will c.. lm looking for confirmation.. i have it a little higher 4038 ish.. but with news friday we will c.. i agree with your abc scenario and it seems some big boys do also since they moved the market today. here is another nugget.. i still need at least one complete bear wave.. 38559 + slip then a bounce above
then a close below would help me.. but this trend is strong, all trends end and no tool is 100%..below 3672 would help too (red line) first target for gartly is 33333
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those who can, do. those who cant, talk about those who can
  • #302,832
  • Oct 7, 2010 12:36pm Oct 7, 2010 12:36pm
Quoting enterfx
Take it easy Austin.
Just added short at 1.3922 by the way
Alright, thanks, perhaps too much aperitif during Lunch

Inserted Video


Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #302,833
  • Oct 7, 2010 12:37pm Oct 7, 2010 12:37pm
The best time for sell: if price can down break of 1.3636 ( with daily wave Analysis)
  • #302,834
  • Oct 7, 2010 12:38pm Oct 7, 2010 12:38pm
Quoting enterfx
It's been in the cards for a while. This is not a normal correction or pullback, it marks the end of an A-B-C rally that started in June. If 1.4028 is not the top, it's very close.
so the A-B-C is bigger than most of the trend ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #302,835
  • Oct 7, 2010 12:40pm Oct 7, 2010 12:40pm
  •  jet4x
  • | Joined Aug 2010 | Status: slow & steady turtle wins the race | 168 Posts
Quoting enterfx
Take it easy Austin. Perhaps you don't see what I see but I've been posting charts about this reversal a few times lately. yesterday I mentioned 1.4010/25 as a possible peak and top this week.

Just added short at 1.3922 by the way
target?????
  • #302,836
  • Oct 7, 2010 12:41pm Oct 7, 2010 12:41pm
I expect 1.41 for tomorrow so I'm still long
You got to know when to hold 'em, know when to fold'em
  • #302,837
  • Edited 12:53pm Oct 7, 2010 12:42pm | Edited 12:53pm
Quoting intery
Gold is ultimate Ponzi - when real depression come, any industrial metal will cost more than gold
Industrial metal cost more than gold? Or food more than Gold?

I want historic examples of that.. Who needs industrial metals, if Industry

is dead? Common, Gold haters (who lose the train), get some coming sense..

You can buy bread for Gold, even during WWII while blockage of Leningrad (St. Petersburg)

I didn't remember the stories when people exchanging Aluminum or steel

for Bread, sorry.

Even f* Lenin, was scrambling for GOLD, by killing people left and right

the only way to get FOOD under maniac ".GOV"

P.S

посмотри "Свой среди чужих, чужой среди своих".

( for those who wandering this is just a reference to some Russian movie about that period)
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  • #302,838
  • Oct 7, 2010 12:46pm Oct 7, 2010 12:46pm
Quoting naser007
No Sir
wave 2 can back the 61% or max 78% of the wave 1
In rare case it can go up the 78% of wave 1

Hi Naser,

sorry, but regarding to Elliott Wave Principle (p.88) in a diagonal wave 2 and 4 each usually retrace 0.66 to 0.81 of the preceding wave

Notice the word usually.

In my eyes this difference is academic. I can life with both.
  • #302,839
  • Oct 7, 2010 12:47pm Oct 7, 2010 12:47pm
H4s are showing Bearish divergence at least at three places. This looks like focal retracement to test 1.40000 once again. Any ways I was out of Longs yesterday early morning after getting my 50 peeps from this sxy trend
  • #302,840
  • Oct 7, 2010 12:49pm Oct 7, 2010 12:49pm
Quoting SkyzerFX
Industrial metal cost more than gold? Or food more than Gold?

I want historic examples of that.. Who needs industrial metals, if Industry

is dead? Common, Gold haters (who lose the train), get some coming sense..

You can buy bread for Gold, even during WWII while blockage of Leningrad (St. Petersburg)

I didn't remember the stories when people exchanging Aluminum or steel

for Bread, sorry.
Let me ask you this for clarification. A lot of the gold purchases are actually computer based, and there never really is any exchange of physical material. Currently you could have a pound of gold in your room, but in order to make any real world transactions, ie mortgage, fill the tank up, pay the waterbill. You would have to convert that gold into paper money, so how does that make gold that more valuable? Not a gold trader so trying to get some insight!
All that is left in FF is just plain garbage. "Cloggie"
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