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  • #303,701
  • Oct 10, 2010 4:12pm Oct 10, 2010 4:12pm
I am not sure, but with this upmove the possibility for the triangle count seems more likely.

Look at my chart on my blog which is the triangle count. One wave of abcde normally is a complex wave. Maybe I have to place red d on this nights upmove.

That would be a gift for us trader. So wave e would have a long way to travel.
  • #303,702
  • Oct 10, 2010 4:12pm Oct 10, 2010 4:12pm
Quoting gatorinla
all i hear is bah bah... wallmart is full of Chinese products. your not looking
What I hear from people on the street who I wouldn't listen to for a horse betting tip isn't what I see. And I go by what I see. I go more than once a year and it's the only big box store where I'm not buying from China. They've had some shift recently and I don't know if anyone else has noticed.

Maybe it depends on the type of product. I suspect they've wised up to the talking point about Chinese goods in the last year.

Is the gap closing? My broker isn't live for the week yet for i think 15 min.
  • #303,703
  • Oct 10, 2010 4:13pm Oct 10, 2010 4:13pm
Quoting infinitus
Good evening Mr. Hatch,

hope weekend was nice with Mr. Elliott :-)


Many pips to you,

Markus
hey there,

yes, lots of stuff to read, re-read and read again. i'm the old-fashioned kind, so i summarize and take lots of notes, which takes a while, since my handwriting sucks since last spring. this theory has to sink in deep before one can get bold enough to apply it with a higher degree of confidence.

best to you for this week.
  • #303,704
  • Oct 10, 2010 4:17pm Oct 10, 2010 4:17pm
why did eu opened that much higher than its closing price of friday?
  • #303,705
  • Oct 10, 2010 4:24pm Oct 10, 2010 4:24pm
Quoting ammarmemon
why did eu opened that much higher than its closing price of friday?
Interesting question....
The Market pays you to be disciplined
  • #303,706
  • Oct 10, 2010 4:28pm Oct 10, 2010 4:28pm
Quoting enterfx
From what I understand there may be a solid gap up. If price reaches 4020/40+ tonight I expect a deep retrace as bears has shown their strenght above 1.40 already. Below 1.40 eu will live dangerously in the coming days as there are several confluencial lines that if breached could give way for further downmove st. With 97% bulls, most likely lt.

The A-B-C correction (Wave 2) is likely over, or very near. The trouble is, eu is anyway overdue for a solid correction. This correction may come inappropiate as it could give way for a lt trend change....
where do you guys get the 97% EUR bulls and 3% USD bulls.
i see this number again ? any source ?

EUR is set for correction since 1.35 yet the pair made another 500 pips.
what;s the reason it should go down now. ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,707
  • Oct 10, 2010 4:28pm Oct 10, 2010 4:28pm
Quoting techno79
Because it costs a dollar to employ 500 chinese in a factory to make that one product while the American is on strike for a 10% raise in this economy and a signing bonus? Or, like a wisconson teacher or philadelphia bus driver, over getting more free viagra(look it up in newswires).
These are not exact numbers, but you get the point.

Switching to a tangent. Anyone buy products from the internet? Notice the price difference when you order via airmail and that exact same product in the store. There's a markup.
so you destroy all the good for a little of the bad? then whats the real cost?
those who can, do. those who cant, talk about those who can
  • #303,708
  • Oct 10, 2010 4:32pm Oct 10, 2010 4:32pm
Quoting gatorinla
so you destroy all the good for a little of the bad? then whats the real cost?
Not saying I agree with it. There's how we want the world to be, and how the world really is. And in between the two should be achievable on days when I'm not in an extremist mood.
I always found it interesting that it's cheaper to make things by hand in China than make things by Machine in the US. I remember when the problem was automation before going offshore. Maybe the costs have changed however, the machine vs by hand is a very old stat.
  • #303,709
  • Oct 10, 2010 4:33pm Oct 10, 2010 4:33pm
make a poll here.

most of the people here would say that 1.4 is top and we get a correction
so where do you get this 97% EUR bulls. that;s crap.
Look at the trades posted or check sentiment. I see values between 40-60%
Unless you are referring to USD/CHF or USD/JPY where funny everyone is a dollar bull.

So I hear from 1.38 3% dollar bulls.

c'mon guys
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,710
  • Oct 10, 2010 4:42pm Oct 10, 2010 4:42pm
Quoting DMA Trader
where do you guys get the 97% EUR bulls and 3% USD bulls.
i see this number again ? any source ?

EUR is set for correction since 1.35 yet the pair made another 500 pips.
what;s the reason it should go down now. ?
I think its digestion problem lol
Holy Grail - Patience and Acceptance
  • #303,711
  • Oct 10, 2010 4:43pm Oct 10, 2010 4:43pm
Quoting DMA Trader
make a poll here.

most of the people here would say that 1.4 is top and we get a correction
so where do you get this 97% EUR bulls. that;s crap.
Look at the trades posted or check sentiment. I see values between 40-60%
Unless you are referring to USD/CHF or USD/JPY where funny everyone is a dollar bull.

So I hear from 1.38 3% dollar bulls.

c'mon guys
Excelent !
This is my questions too
Specially thanks.
Please some body ( teacher ) clear that.
A little beginner trader since 2006
  • #303,712
  • Oct 10, 2010 4:44pm Oct 10, 2010 4:44pm
XE Trader has it 3991.

http://www.xe.com/
  • #303,713
  • Oct 10, 2010 4:46pm Oct 10, 2010 4:46pm
Quoting techno79
Not saying I agree with it. There's how we want the world to be, and how the world really is. And in between the two should be achievable on days when I'm not in an extremist mood.
I always found it interesting that it's cheaper to make things by hand in China than make things by Machine in the US. I remember when the problem was automation before going offshore. Maybe the costs have changed however, the machine vs by hand is a very old stat.
the cost of subsidizing china is not in your equation. if 10% of u.s. are unemployed they still eat and live. they are a burden on the system. it puts theses people 2 years behind on contributing to social security ect. it will take years for a positive system to break even. the cost of these so called cheap products are much higher then the mouth pieces wrapped in a flag say. its not free trade unless the rules apply equally
those who can, do. those who cant, talk about those who can
  • #303,714
  • Oct 10, 2010 4:46pm Oct 10, 2010 4:46pm
http://www.forexrainbow.com/files/8l...6kkl5vruc8.jpg

Stochastic 3 5 3 show in 15 min

Look like some down pips.
A little beginner trader since 2006
  • #303,715
  • Oct 10, 2010 4:49pm Oct 10, 2010 4:49pm
Quoting DMA Trader
where do you guys get the 97% EUR bulls and 3% USD bulls.
i see this number again ? any source ?

EUR is set for correction since 1.35 yet the pair made another 500 pips.
what;s the reason it should go down now. ?

Technically, the rise is very steep and streched. My charts are telling me to sell due to lt divergence going on since mid september. My and many others theory (including elliotwave), is that the rise since the June bottom is an ABC correction.

Without at least a fair correction of 350-550 pips there's limited upside potential with this many bulls. They simply need lower prices to gain more strenght and kill some bulls. If everyone pulls the same end of the rope, eventually there's nothing left to pull.

Bull sentiments are based on DSI. (Daily sentiment index), from Trade-futures.com. Last week was record high with 97% and 3% for USD. The 10 day average for eu is now approx 95%
  • #303,716
  • Oct 10, 2010 4:50pm Oct 10, 2010 4:50pm
Based on real accounts only this is the outlook-sentiment from Myfxbook.
Don't tell me this is retails accounts because COT doesn't get 3% USD bulls.

Yet I see a lot of USD bulls on USD/CHF and USD/JPY praying for an intervention so they can make some money or I guess get to break even point.
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,717
  • Oct 10, 2010 4:54pm Oct 10, 2010 4:54pm
Quoting DMA Trader
Based on real accounts only this is the outlook-sentiment from Myfxbook.
Don't tell me this is retails accounts because COT doesn't get 3% USD bulls.

Yet I see a lot of USD bulls on USD/CHF and USD/JPY praying for an intervention so they can make some money or I guess get to break even point.
https://media.dailyfx.com/illustrati..._Picture_3.png


Intraday Highlight:
USDJPY - The ratio of long to short positions in the USDJPY stands at 9.75 as nearly 91% of traders are long. Yesterday, the ratio was at 7.91 as 89% of open positions were long. In detail, long positions are 1.7% higher than yesterday and 10.0% stronger since last week. Short positions are 17.4% lower than yesterday and 17.9% weaker since last week. Open interest is 0.4% weaker than yesterday and 12.9% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.



Source : https://plus.dailyfx.com/tnews/index.jsp?ib=fxcm〈=en
________________________________ Errare humanum est
  • #303,718
  • Oct 10, 2010 4:55pm Oct 10, 2010 4:55pm
short @ 1.4007
  • #303,719
  • Oct 10, 2010 4:56pm Oct 10, 2010 4:56pm
Quoting enterfx

Bull sentiments are based on DSI. (Daily sentiment index), from Trade-futures.com. Last week was record high with 97% and 3% for USD. The 10 day average for eu is now approx 95%
Well you see here is the problem
If 95% are bears that means 95% of people trading forex now. are making money

Unless they all think that USD is going down yet they are going long on their accounts. so there are no USD bears based on what they are trading. they are USD bulls.

So sentiment (bias) and trading are 2 separate things.

Everyone is thinking USD is going down big time. yet oh maybe i can get 20 pips from the dollar.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #303,720
  • Edited 5:08pm Oct 10, 2010 4:57pm | Edited 5:08pm
Quoting aman4forex
what is this
I see you are a bigmac fan.......
is a he, buddy not a she, chonchy is a he, and no I don't like bigmac, i see is in your buddy list, but if you look is not on mine,, and this is a quote to a friend that I missundertood and overreacted because of some thing that we allready discus in private so bud off or PM me if you want to know more of "What is this"
The Chonchy
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