EURUSD

Exactly....the best thing was when he asked me to define a trend. Well I tried to explain it also, no matter if I dont agree but I would stop trading if i could not define the trend

only 10 pips usdx down to close my eu .but as tl drawn from higher tf few pips here there can take as precaution.

fontu

I'm happy i loaded some more longs as stated earlier. Me very happy boy at the moment.

Hourly close above 1,4105 , and next stop are 1,4175 & 1,4200

here we are.

1h 15m and 5m say up.. im long from 114 will hold for the next two 15 min and if it goes up ill put sl at be to see were its heading

You get that calculator on a blue light special at least...

My chart says "overbought"

instant classic...

that is now for two weeks what i see i think

but still rather follow it than go against it

The bulls have won this round clearly. Congrats to all bulls. But be remembered: Next bear is just around the corner.


A special congratulation to Skyzer from www.forexfactory.com :-)). I had a bet with him. So I now have to spent the ale and he can laugh at me all the day. Ready to take my punishment......... :-)


Sometimes things look too good to be true.


This was the case with the base channel. A lot of people, me too, thought, that the PA would respect the inner "base channel" line (yellow base channel), which was drawn from the point where I have end of big blue B on my chart through the point where I now have the red 2. (see chart) This line was tempting, because PA respected the line a long time, till that point, where a lot of people then thought, that we could be in the next big wave down (on the way to sub 1.18). This well respected base line was, in my case, the starting point of that view, that the first big wave, orange 1, was not wave 1 but the continuation of wave B (big blue B), making B to a wxy-formation. This thought was supported by the view, that the impulsive structure of orange 1 was questionable.


But this orange wave 1 now makes perfect sense, since you are able to draw a base channel, that covers nearly perfectly wave 4 orange (see red base channel).


OK, enough of explanation. Where are we now:


We are in an impulse up to conclude the whole five wave rise.


Yesterday I wrote, that when the recent upwards movement would be the "5", then it started with a laughable impulse. This "impulse" was so laughable (at the starting waves), that most people stucked in their believes, that the recent wave was either part of a wave 4 action (for the intermediate bull case - wave 5 to come), or, and that was my believe over the whole last days, it was part of the leading diagonal for wave 1 down.


Well, laughable or not, it impulsed nicely higher and higher. Wave 5 underway. So far I can see a completed 1 and 2. Wave three could be ready too, but then we would have wave 4 ready too. But this wave 4 would look a bit short to me. I think we are in wave 3 action. We will see............


Wave 5 should conclude between 1.43 and (if we expand terribly) 1.4648


More later.





Best to you all,


Infinitus



As you now, pic can be found on my blog

Bulls - what is your first TP level?

Bears - still alive?

that is now for two weeks what i see i thinkhttp://cdn.forexfactory.com/images/s.../yim/happy.gif

At least you have accepted that you where wrong and are evaluating your decision. It can only be good mate.

DOLLAR-SWISS: Market talk of a very large sell order in dollar swiss
just completed from a Middle Eastern name, with amounts touted in
excess of $500 mio. Spot plummeted from Chf0.9524 to a low of Chf0.9463.
Swissy now trades around Chf0.9472.

everyone is long and laughing at bears .ok a test lets see by this afternoon if we are close to 1.4000 .

Time will tell.

somebody went belly up

shit sl hit