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  • #309,901
  • Oct 19, 2010 11:29am Oct 19, 2010 11:29am
First support: Daily 8/8 @1.3672 retested from +2/8 Overshoot.
Murrey Math on every TF + Divergences on higher TFs
  • #309,902
  • Oct 19, 2010 11:30am Oct 19, 2010 11:30am
Sorry folks,



due to maintenance on Google servers I can not upload pictures for several hours on my blog


This recent leg down is now too long to be considered the b-leg of a flat. I think it is targeting 1.3672.




1.3672 is MM0/8 on 15min chart to 60min chart, on 4h chart resistance and on daily and weekly pivot.

1.3672 is 100% of the first leg down.



Ichymoku Kuomo or Tenkan-sen support only on TF daily or above.

On daily Tenkan-sen at 3588 and Kuomo around 1.30

Stochs in overbought zone on TF up to 4h.

MACD on all TF's declining.

Awesome Oscillator has lowest reading since top and RSI at 25 on 15min TF


Option A:




we are in a big 5 wave decline since the top. Here we are now in wave 3 of 5


Option B:




we are in a ABC zigzag correction since the former top.



Both options would deliver up to now the same structure. Impulse - Corrective - Impulse

We can not judge right now.

Structure of the first big wave down was hard to count. Maybe a clean impulse down or a zigzag with structure 5-3-5.

To count the recent leg down as an clean impulse seems very stretched. On 4h chart it is obvious. It is a combination of zigzags.


Therefore I believe, PA will reverse at 1.3672

Either this whole decline was all of the correction, then we get a nice impulse up to new highs,

or, the whole leg down was the A wave of an ABC correction.

We get a first sense, when we can see the structure of the upmove.
  • #309,903
  • Oct 19, 2010 11:30am Oct 19, 2010 11:30am
Quoting SkyzerFX
Those who got stuck in this PIG, have last chance to get out..

Will take EU long right before Thursday Suck US jobs data..
Respectfully, are you always acritically long on EU?
Murrey Math on every TF + Divergences on higher TFs
  • #309,904
  • Oct 19, 2010 11:30am Oct 19, 2010 11:30am
Quoting mfoste1
oil approaching support hang on

be careful longs........
crazy oil.. never expected for that to happen to me, today!!!!!
  • #309,905
  • Oct 19, 2010 11:30am Oct 19, 2010 11:30am
i don't recommend it.. but if you must counter trend .. from here 3725 or 3683 is the time to do it with a signal north. its a no-go w/o a trusted signal. . the window has a tiny crack st.. for scalps..
those who can, do. those who cant, talk about those who can
  • #309,906
  • Oct 19, 2010 11:31am Oct 19, 2010 11:31am
Oh mine...Is getting near 3679
Inserted Video
  • #309,907
  • Oct 19, 2010 11:33am Oct 19, 2010 11:33am
hey gator, you every have a singapore sling....
Attached Image (click to enlarge)
Click to Enlarge Name: chart 1.gif Size: 17 KB
Look Sharp/Trade Tight
  • #309,908
  • Oct 19, 2010 11:33am Oct 19, 2010 11:33am
US Dollar Rocketing UP and has just cleared the tower, lol


Inserted Video
  • #309,909
  • Oct 19, 2010 11:33am Oct 19, 2010 11:33am
Quoting bobrubin
If you go long what is yours target please?

Thanks
I think about 1.38
They think they are smarter than I am.
  • #309,910
  • Oct 19, 2010 11:33am Oct 19, 2010 11:33am
Quoting Mikispag
Respectfully, are you always acritically long on EU?
Lol Skyzer always calls bullish when the Euro is falling. Of course he's always right, the Eurusd will go back up one day.
I operate with clear definite rules, if I break them I lose BIG!
  • #309,911
  • Oct 19, 2010 11:33am Oct 19, 2010 11:33am
you saw that big spike down from 376 yeah you got it right that was me going short lolz
  • #309,912
  • Oct 19, 2010 11:34am Oct 19, 2010 11:34am
Quoting Icannaesee
Lol Skyzer always calls bullish when the Euro is falling. Of course he's always right, the Eurusd will go back up one day.
Sure it is , if you have enough margin you're always right .
Murrey Math on every TF + Divergences on higher TFs
  • #309,913
  • Oct 19, 2010 11:34am Oct 19, 2010 11:34am
hmm...nice short today...hmmms ...after eat all short i will think for long but later....lets me finish this short....
be patient, self-belief and discipline... stay focus...
  • #309,914
  • Oct 19, 2010 11:35am Oct 19, 2010 11:35am
Quoting Lorna
Hi Paul
When looking at levels for S and R (whatever the chart, say 1h, 4h or daily) what units do you think are best to use, e.g. 120 units (seems to be an automatic no on my charts) or month(s), year.
It was a sudden and pleasant surprise one trading day a few months back when I twigged what people were talking about when they quoted their S/R figures - or rather, when I realised that I could actually see areas of S/R as well.
Just that sometimes when I am reading the forum news, taking note of what some of the worthy names are saying I sometimes...
For entries lorna i moved too 233 tick chart with the volume its similar to 5 minute for entries but its 233 trades and the bigger the candle represents bigger traders.

I also have a swing indicator that marks the support and resistances to save me doing it.

As for analysis look at weekly draw trendline over multiple candles .Note the direction.
Then pull up daily do the same , now you have a bias long or short.
Daily weekly up thats the way you want to be entering.
intraday keep eye on say hourly see which way thats heading .
Then perhaps 5/15 minute for actual entries using your bias created by the above.
As i said i believe the tick charts are the future.
if you have a volume indicator calculating per tick and not after close you can see how the candles form to large or small volume.

If i misunderstand your question please say.
making green pips large and red pips small this is my goal.
  • #309,915
  • Oct 19, 2010 11:39am Oct 19, 2010 11:39am
Quoting Mikispag
Respectfully, are you always acritically long on EU?
No, but I always SHORT USD, that's why I got banned by FOMC,

cause I know something what other average

American Joe have no clue about..

Sell the Dollar, NOW!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #309,916
  • Oct 19, 2010 11:39am Oct 19, 2010 11:39am
Quoting SaiDawi
crazy oil.. never expected for that to happen to me, today!!!!!
me either... its down 3.50 it still has 2.5 to go or a multiple of 3..
those who can, do. those who cant, talk about those who can
  • #309,917
  • Oct 19, 2010 11:40am Oct 19, 2010 11:40am
Quoting Lorna
Hi Paul
When looking at levels for S and R (whatever the chart, say 1h, 4h or daily) what units do you think are best to use, e.g. 120 units (seems to be an automatic no on my charts) or month(s), year.
It was a sudden and pleasant surprise one trading day a few months back when I twigged what people were talking about when they quoted their S/R figures - or rather, when I realised that I could actually see areas of S/R as well.
Just that sometimes when I am reading the forum news, taking note of what some of the worthy names are saying I sometimes...
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 19_10_2010.jpg Size: 129 KB


The support and resistance =green and yellow on tick chart.
this is what i trade from, but analyse the higher time frames

The volume on bottom only calculate live bars thats why some missing
making green pips large and red pips small this is my goal.
  • #309,918
  • Oct 19, 2010 11:40am Oct 19, 2010 11:40am
man I aced the exact price reversal points so many times today it's insane.


now, if only I'd placed my bids in reverse...

I see a former seller exhaustion level/support zone @ 1.3634-65 (as people pointed out earlier), but selling power seems to have been exhausted already @ 1.3723-45.

Attached Image (click to enlarge)
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  • #309,919
  • Oct 19, 2010 11:41am Oct 19, 2010 11:41am
Quoting SkyzerFX
Those who got stuck in this PIG, have last chance to get out..

Will take EU long right before Thursday Suck US jobs data..
Hi Skyzer,

hope everything is OK for you.

You know, that I am a EUR bear for several reasons. But right now for the next several days, I will get a EUR bull. Based on wave structure the odds favoring to go long at 1.3672 for (likely) new high.

To keep my immediate bearish case, EURUSD would have to trace out a fairly big leading diagonal. This formation would make sense at a very important top. But I will stick this time to Ockhams Razor and keep it simple.

The way is up. If we go up in corrective mode, well, than I will return, maybe, to my very bearish case. Going up from here in corrective mode would also mean, that we are inn for several days of huge up and down swings.


Many pips to you,

Markus
  • #309,920
  • Oct 19, 2010 11:41am Oct 19, 2010 11:41am
Quoting SkyzerFX
Those who got stuck in this PIG, have last chance to get out..

Will take EU long right before Thursday Suck US jobs data..
sky your the one who knows nothing is a straight line
those who can, do. those who cant, talk about those who can
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