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  • #335,441
  • Nov 30, 2010 1:52am Nov 30, 2010 1:52am
Lol looks like we got confirmation on portugal.
citigroup reckon they are insolvent!!!!!
making green pips large and red pips small this is my goal.
  • #335,442
  • Nov 30, 2010 1:52am Nov 30, 2010 1:52am
See a nail on a couple different tf's, going long and just following it up. about +10 pips, waiting to pass 1.3032 ... & then onto the EURO news.
  • #335,443
  • Nov 30, 2010 1:53am Nov 30, 2010 1:53am
Quoting Mr Hatch
the circled areas depending on pa and so on. this is a serious downtrend and i never again try to stand in front of a train. hurts too much.

Thanks for your corrcted image.

yes i also prefer a point between 172 - 220 ( if it can pass by 135 ).

to see what will happen...

R & S , That Is All !...
  • #335,444
  • Nov 30, 2010 1:53am Nov 30, 2010 1:53am
Quoting kuroro001
If by chance...or a mistake by someone buying billions of euro, H1 closes positive i will hear bear screaming
But i really doubt we will see a 50 pips rally in 15mn though.
Longs make your prayers
what if this hour closes at 3035 instead lol.
  • #335,445
  • Nov 30, 2010 1:53am Nov 30, 2010 1:53am
Sorry, 1.3025
  • #335,446
  • Nov 30, 2010 1:53am Nov 30, 2010 1:53am
Quoting Mr Hatch
hehe, BIS buys, GS sells...

egkid, are you employed there?

Rumour: German Landesbank Has Problems With Access To Liquidity

www.forexlive.com
Halbwegs zufrieden mit forexlive ???

Got the impression they are not soo much reliable ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #335,447
  • Nov 30, 2010 1:55am Nov 30, 2010 1:55am
To label this whole wave down with micro structure is a hard work. It is because of the high downward pressure. We have lost around 1200 pips in Euro within 3 1/2 weeks without a meaningful correction. The orange wave 2 got around 38% back, that was it.


Downward pressure is so high that it is hard to decide, where an impulse ended and where a correction started.


For simplicity go to a weekly chart. Look at Awesome Oscillator and look, where its value is now and judge what has to come to reach the former lowest readings. We are only at the forefront of a large move down.


On daily chart the moves up to date are best counted as a 1-2, 1-2, 1-2, 1-2 sequence. Very bearish. Here is the picture:


Sorry, I am unable to post often these days because I am very busy with my day job :-(


Keep in mind: above shown count is on daily basis. Elliott wave was supposed to be used on daily timframes or higher. So fas, so good. But it is important to analyze the underlying structure.


This mornings sharp drop produced the lowest reading in Awesome Oscillator since 7th of Nov. on 5 min chart. That is telling. I think this move down will not stop soon.


This evening I try to provide a micro count on hourly chart.


Trade successful and safe,



Markus
  • #335,448
  • Nov 30, 2010 1:55am Nov 30, 2010 1:55am
Quoting Amie_Senior
Thanks for your corrcted image.

yes i also prefer a point between 172 - 220 ( if it can pass by 135 ).

to see what will happen...

with the current turmoil it is possible that you will not get your entry soon.
i have no usdx chart available, but hell is it strong atm.

@markus: i hope, you are very well positioned? gl & readings to you, my friend.
  • #335,449
  • Nov 30, 2010 1:56am Nov 30, 2010 1:56am
Quoting Mr Hatch
the circled areas depending on pa and so on. this is a serious downtrend and i never again try to stand in front of a train. hurts too much.

you must be regreting closing your position on friday?
  • #335,450
  • Nov 30, 2010 1:59am Nov 30, 2010 1:59am
Quoting swing 123
if daily close below TL my target would be 1.295

getting closer tick by tick
  • #335,451
  • Nov 30, 2010 1:59am Nov 30, 2010 1:59am
Quoting swing 123
you must be regreting closing your position on friday?
i usually don't look back in anger. i have a runner from ~3300. this morning's position got closed too early, but then i didn't know that whole europe is going to be bankrupt.
  • #335,452
  • Nov 30, 2010 2:00am Nov 30, 2010 2:00am
awesome looking bearish engulfer on the monthly.
Thank You
  • #335,453
  • Nov 30, 2010 2:01am Nov 30, 2010 2:01am
Quoting prezd
Long @3006 TP 3040 or maybe 3052 SL at BE

based on 23.6 fib retr and bounce of 3000 support of round number
what are your reasons for that trade?
  • #335,454
  • Nov 30, 2010 2:01am Nov 30, 2010 2:01am
Something to take into consideration.
If you look at nzdusd, audusd or even gbpusd, you notice this last H1 candle is a small one with a lot of volume...maybe too much.
Such compressed candle with a lot of vol means buyers are in the area...they don't want to let the price drop for now.

It needs a confirmation though. If next one bounce off the low without making new low for these pairs, it might be the time to exit shorts and why not scalp longs
COT: The precious data ignored
  • #335,455
  • Nov 30, 2010 2:01am Nov 30, 2010 2:01am
Quoting Pipwanderer
what are your reasons for that trade?

suicide
  • #335,456
  • Nov 30, 2010 2:02am Nov 30, 2010 2:02am
amazing downtrend...i thought it will stop at 1.3000 but i was wrong.
  • #335,457
  • Nov 30, 2010 2:02am Nov 30, 2010 2:02am
Quoting wormboy
awesome looking bearish engulfer on the monthly.
yes wb...havent seen it in a while
  • #335,458
  • Nov 30, 2010 2:03am Nov 30, 2010 2:03am
Quoting PayTheLimit
Well if, or when we take out 3000, I'm looking at 2960/2983 as support.
in play now...
Look Sharp/Trade Tight
  • #335,459
  • Nov 30, 2010 2:03am Nov 30, 2010 2:03am
Quoting kuroro001
Something to take into consideration.
If you look at nzdusd, audusd or even gbpusd, you notice this last H1 candle is a small one with a lot of volume...maybe too much.
Such compressed candle with a lot of vol means buyers are in the area...they don't want to let the price drop for now.

It needs a confirmation though. If next one bounce off the low without making new low for these pairs, it might be the time to exit shorts and why not scalp longs
you might have a point. i read that market is just so extremely bearish when it comes to eu... the others are pretty much business as usual.
  • #335,460
  • Nov 30, 2010 2:03am Nov 30, 2010 2:03am
If this is an Elliot, line 3 will go a long way down!
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