Good day, I'm okay. Bad day, I'm okay.
What's the difference?
- #340,263
- Dec 6, 2010 10:04am Dec 6, 2010 10:04am
let me give u a clue...
EW1: 4281-3447 = 834 PIPS
EW2: 3447-3785 = 338 PIPS
EW3: 3785-2968 = 817 PIPS
EW4: 2968-3437 = 469 PIPS
3447 from EW2's low is bigger than 3437 from EW4' high, so this count is correct
this means we are in EW5 wanting to go lower than 2968 ( EW3's low )
secondly, see the chart... eu hits ichimoku cloud and reverse at 3437
this confirms again the downtrend restarts @3437 and also EW5
also, yesterday close was @3351 and the low was @3333
this means eu won't go higher than those levels ( we established...
LOL
- #340,264
- Dec 6, 2010 10:05am Dec 6, 2010 10:05am
- Joined Jan 2010 | Status: No Hope for FF | 3,772 Posts
Posted my Charts last night with all the different corresponding pairs...
Still have short on USD/JPY. Have made 5 trades today, 3winners, 1 BE and 1 loser... up 140 pips for the day or there about
Looking to get in Short on Fibre at 3330 level with s/l just above. This to me is line in the sand with PP at 3339...
Have Eur/Jpy under my 110 level so that could be poised for further drop.
Eur/Chf H4 has a shooting star and is below 3100 level with PP just above.
Usd/Jpy is about to test 8250 again, if it breaks, could give creedance to some USD weakness but U/J movement should be because of JPY strength.
Usd/Chf is sitting on PP right now...
SOO, ALL EUR CROSSES POINTING DOWN AND USD ABOUT TO TEST SOME IMPORTANT RESISTANCE. IF USD FAILS AND STRENGTHENS WHILE EUR CONTINUES TO SLIDE, WE SHOULD HAVE 1.3100 BY TOMMORROW EVENING....
Still have short on USD/JPY. Have made 5 trades today, 3winners, 1 BE and 1 loser... up 140 pips for the day or there about
Looking to get in Short on Fibre at 3330 level with s/l just above. This to me is line in the sand with PP at 3339...
Have Eur/Jpy under my 110 level so that could be poised for further drop.
Eur/Chf H4 has a shooting star and is below 3100 level with PP just above.
Usd/Jpy is about to test 8250 again, if it breaks, could give creedance to some USD weakness but U/J movement should be because of JPY strength.
Usd/Chf is sitting on PP right now...
SOO, ALL EUR CROSSES POINTING DOWN AND USD ABOUT TO TEST SOME IMPORTANT RESISTANCE. IF USD FAILS AND STRENGTHENS WHILE EUR CONTINUES TO SLIDE, WE SHOULD HAVE 1.3100 BY TOMMORROW EVENING....
@pawpaw1000 on Twitter
- #340,265
- Dec 6, 2010 10:09am Dec 6, 2010 10:09am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
Nihil Sine Deo.
- #340,266
- Dec 6, 2010 10:12am Dec 6, 2010 10:12am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
w0w, got lucky on a couple here....
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #340,267
- Dec 6, 2010 10:13am Dec 6, 2010 10:13am
break up!
on M15 tf i'm seeing it to fight to broke up ( it's near the UTL formed by the 2 highs: first @ 3437 and second @ 3371 )
now need to broke up this UTL @ 3317
so... it seems it gets rejection
and i think its the last up rejection it gets... i think now starts the journey to 2968 ( also i think after it will break 3240-3250 area we'll see the KABOOOM )
LOL
- #340,268
- Dec 6, 2010 10:15am Dec 6, 2010 10:15am
- Joined Mar 2010 | Status: Technical Fundamentalist | 11,563 Posts
Thanx mate, not an easy trade tbh...again counter trend trade with nice r:r ratio. U never know with those counters
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
- #340,269
- Dec 6, 2010 10:15am Dec 6, 2010 10:15am
- | Membership Revoked | Joined Nov 2010 | 3,072 Posts
- #340,270
- Dec 6, 2010 10:15am Dec 6, 2010 10:15am
- Joined Sep 2009 | Status: Trader | 6,009 Posts
breaking what TL?
on M15 tf i'm seeing it to fight to broke up ( it's near the UTL formed by the 2 highs: first @ 3437 and second @ 3371 )
so... it seems it gets rejection
- #340,271
- Dec 6, 2010 10:17am Dec 6, 2010 10:17am
- | Commercial User | Joined Feb 2010 | 14,361 Posts
daily
sorry, i forgot to specify
There is a logic behind that, although I dont work on EW..
I will need to see a daily close..and Asia, but I can say there is a logic behind your analysis.
- #340,272
- Dec 6, 2010 10:17am Dec 6, 2010 10:17am
- Joined Jan 2007 | Status: Trader | 3,719 Posts
you know besides TLs there are also horizontal levels 
to watch...
to watch...breaking what TL?
on M15 tf i'm seeing it to fight to broke up ( it's near the UTL formed by the 2 highs: first @ 3437 and second @ 3371 )
now need to broke up this UTL @ 3317
so... it seems it gets rejection
Nihil Sine Deo.
- #340,274
- Dec 6, 2010 10:19am Dec 6, 2010 10:19am
you know besides TLs there are also horizontal levels
i said what horizontal low area i see
and i said 15 min ago what horizontal levels i watch
LOL
- #340,275
- Dec 6, 2010 10:19am Dec 6, 2010 10:19am
- Joined Jan 2010 | Status: Trader | 11,001 Posts
let me give u a clue...
EW1: 4281-3447 = 834 PIPS
EW2: 3447-3785 = 338 PIPS
EW3: 3785-2968 = 817 PIPS
EW4: 2968-3437 = 469 PIPS
3447 from EW2's low is bigger than 3437 from EW4' high, so this count is correct
this means we are in EW5 wanting to go lower than 2968 ( EW3's low )
secondly, see the chart... eu hits ichimoku cloud and reverse at 3437
this confirms again the downtrend restarts @3437 and also EW5
also, yesterday close was @3351 and the low was @3333
this means eu won't go higher than those levels ( we established...
- #340,276
- Dec 6, 2010 10:20am Dec 6, 2010 10:20am
- Joined Feb 2010 | Status: Helping Others | 1,668 Posts
Know when to hold em, Know when to fold em!
- #340,278
- Dec 6, 2010 10:32am Dec 6, 2010 10:32am
- Joined Feb 2009 | Status: Half in the Bag | 17,827 Posts
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
- #340,279
- Dec 6, 2010 10:35am Dec 6, 2010 10:35am
- | Joined Mar 2009 | Status: Trader | 2,247 Posts
I SEE YOU !!
