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  • #9,781
  • Dec 3, 2010 3:23pm Dec 3, 2010 3:23pm
Quoting Low
I should just get used to you being right.
Come on Low...she is the goddess of FX...when do you ever remember Amy being wrong!!?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #9,782
  • Dec 3, 2010 3:43pm Dec 3, 2010 3:43pm
Quoting MarcVUM
Come on Low...she is the goddess of FX...when do you ever remember Amy being wrong!!?
LOL. I don't.
  • #9,783
  • Dec 4, 2010 2:01pm Dec 4, 2010 2:01pm
Quoting amyc
Next 20 weeks or so perhaps. I think we have bottomed, the S&P is going to keep going higher and if that goes higher then au should go with it, I have no plans to tp on my longs at the moment.
For eu if it closes the week above 1.3363 then it has done its lows, if not then we need to wait till next week and see.
Hi, Amy.

Would you mind explaining based on what that you offered a timeframe of 20 weeks of uninterrupted bull runs? And about the charts you showed, please could you tell me if it's plotted in a charting software or purely plotted by hands? The ranges on your charts look a bit like a pivot system calculation to me. I would like to know a bit more about it.

Thanks
  • #9,784
  • Dec 4, 2010 11:17pm Dec 4, 2010 11:17pm
Quoting Ss7225
Hi, Amy.

Would you mind explaining based on what that you offered a timeframe of 20 weeks of uninterrupted bull runs? And about the charts you showed, please could you tell me if it's plotted in a charting software or purely plotted by hands? The ranges on your charts look a bit like a pivot system calculation to me. I would like to know a bit more about it.

Thanks
I never said we were going to get 20 weeks of uninterrupted bull runs, I think somewhere around 20 weeks will be the next time we see a significant top, ofcourse there will be pullbacks along the way.

To see how the charts are made read amyc trade journal in the journal section.
  • #9,785
  • Dec 5, 2010 5:20am Dec 5, 2010 5:20am
Quoting amyc
I never said we were going to get 20 weeks of uninterrupted bull runs, I think somewhere around 20 weeks will be the next time we see a significant top, ofcourse there will be pullbacks along the way.

To see how the charts are made read amyc trade journal in the journal section.
Hi, Amy. Yes, I understand that would be pull back. I was asking what's the premise for the estimate of 20 weeks. Did you base it on some other cycle work to time the market or what? From your FIB range calculations I am not sure how you came to the 20-week estimate and would like to know and learn a bit, if you don't mind. Thanks.
  • #9,786
  • Dec 5, 2010 3:56pm Dec 5, 2010 3:56pm
Quoting Ss7225
Hi, Amy. Yes, I understand that would be pull back. I was asking what's the premise for the estimate of 20 weeks. Did you base it on some other cycle work to time the market or what? From your FIB range calculations I am not sure how you came to the 20-week estimate and would like to know and learn a bit, if you don't mind. Thanks.
The 20 weeks I mentioned is nothing to do with the fib calculations, it's just an observation that most low to low cycles run for around 25 weeks, hitting a top around 20 weeks and 5 or so weeks of unwinding. There's nothing scientific or no secret to share, sorry.
  • #9,787
  • Dec 5, 2010 8:57pm Dec 5, 2010 8:57pm
AU, upside target for this week is 1.0002. Hopefully first though this retrace will continue back into 9796, if it does this price will probably break out of 1.0002 and continue up into a weekly close on the highs.
Attached Image (click to enlarge)
Click to Enlarge Name: au.GIF Size: 10 KB
  • #9,788
  • Dec 5, 2010 8:59pm Dec 5, 2010 8:59pm
Looking for the same move on eu, a test of the midpoint and then a move up that breaks out of the highs later this week.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 16 KB
  • #9,789
  • Dec 5, 2010 9:11pm Dec 5, 2010 9:11pm
Quoting amyc
Looking for the same move on eu, a test of the midpoint and then a move up that breaks out of the highs later this week.
Hi Amy, how do you respond to the market when price chews away at the mid-point. For example 2 sessions ago in the E/U above, where the fight between supply and demand raged across the midpoint for several candles. At what point do you say, e.g. ok an imbalance is now evident: buyers have taken control, etc.

Cheers,
Chngster
Thank you Crucial Point, Bleek, Trizzle, Darkstar
  • #9,790
  • Dec 5, 2010 9:15pm Dec 5, 2010 9:15pm
Quoting chngster
Hi Amy, how do you respond to the market when price chews away at the mid-point. For example 2 sessions ago in the E/U above, where the fight between supply and demand raged across the midpoint for several candles. At what point do you say, e.g. ok an imbalance is now evident: buyers have taken control, etc.

Cheers,
Chngster
There needs to be a daily close above the midpoint, then normally a few days later it will come back and retest it which is what I am hoping is happening now.
  • #9,791
  • Dec 5, 2010 9:16pm Dec 5, 2010 9:16pm
excellent work last week Amy, you make it look so simple.

I didnt trade last week but followed your charts.

I read that you use to trade stocks? Where did you learn to trade in this manner?

Every thought of providing training?
  • #9,792
  • Dec 5, 2010 9:23pm Dec 5, 2010 9:23pm
Quoting nick7r
excellent work last week Amy, you make it look so simple.

I didnt trade last week but followed your charts.

I read that you use to trade stocks? Where did you learn to trade in this manner?

Every thought of providing training?
Thanks Nick

I don't trade individual stocks just the australian and us indicies.
Maybe sometime in the future i may teach but it's not on the agends for now.
  • #9,793
  • Dec 5, 2010 10:00pm Dec 5, 2010 10:00pm
For now I'm about lf way through reading your Trading Journal.
  • #9,794
  • Dec 6, 2010 3:15am Dec 6, 2010 3:15am
Quoting amyc
The 20 weeks I mentioned is nothing to do with the fib calculations, it's just an observation that most low to low cycles run for around 25 weeks, hitting a top around 20 weeks and 5 or so weeks of unwinding. There's nothing scientific or no secret to share, sorry.
Thanks for the explanation. I'd compared your weekly FIB range with the levels provided by other pivot indicators and found that your range calculation is a weekly version of the use of Fib daily pivot levels. Never really thought too much about pivots before this. Thanks for this reminder.
  • #9,795
  • Dec 6, 2010 6:08pm Dec 6, 2010 6:08pm
EU is bouncing around the midpoint but still above it so still bullish at the moment. On weeks like this where the previous week closed on its highs there is often a pattern on the Monday and Tuesday where price reverses or just sits in the same place, before moving up again on Wednesday, Thursday and Friday, when this happens I like to buy support on Tuesday. Target for this week is still 1.3509.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.GIF Size: 16 KB
  • #9,796
  • Dec 6, 2010 6:24pm Dec 6, 2010 6:24pm
Still waiting for au to pullback to the midpoints to add more longs, maybe we get there during the interest rate announcement or maybe it is not going to do it and it just moves up towards 1.0002. Either way is ok with me.
Attached Image (click to enlarge)
Click to Enlarge Name: au.GIF Size: 12 KB
  • #9,797
  • Dec 7, 2010 2:00am Dec 7, 2010 2:00am
Amic, please, tell me do you mean midpoind of Daily candle? So, if Daily candle closes higher than the midpoint of previous Daily candle it means that price has intension to go up the next day? Thank you,
  • #9,798
  • Dec 7, 2010 2:27am Dec 7, 2010 2:27am
Quoting lite27
Amic, please, tell me do you mean midpoind of Daily candle? So, if Daily candle closes higher than the midpoint of previous Daily candle it means that price has intension to go up the next day? Thank you,
try with this, please!

google search "midpoint forex":
~ 51'800 results (0.17 Sec.)

...and use your cerebral cortex!

...and "amyc" is written "amyc" and not "amic",

...so use your eyes, too, please!

...and show the minimum at respect to other traders here on board.

Kindest regards
FXcube
  • #9,799
  • Dec 7, 2010 4:21am Dec 7, 2010 4:21am
Forexcube, thank you for your advise concerning midpoint and I am very sorry for making mistake in amyks Nik. It was done unintentinally, sorry.
  • #9,800
  • Edited 5:53am Dec 7, 2010 5:42am | Edited 5:53am
Quoting lite27
Forexcube, thank you for your advise concerning midpoint and I am very sorry for making mistake in amyks Nik. It was done unintentinally, sorry.

Best wishes to Czechoslovakia

Držím ti palce!
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