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  • #388,621
  • Feb 16, 2011 12:42pm Feb 16, 2011 12:42pm
Quoting fontu
Bull at top with likely consolidation breaking 200ma in h1 tf , min abc up or impulse 3 4 5 next after it success bull here , above 3597.chanel may not work as already disresected breaking down .
fontu


Hi Fontu,

I believe we should not try to count an impulse move up (5-3-5-3-5).

It is tempting, everytime, but we will be on the wrong track.

Because we had since the low at 3427 a complex correction, and all the moves had to be counted as ABC zigzags (5-3-5)

Prechter labels such complex ABC as overriding labeling WXY or WXY(x)Z moves.

Since we can assume that it is really such a complex correction with only ABC zigzags (I can nowhere count 5-3-5-3-5 impulses) we may make a plan for this last upmove (wave Y) in a complex ABC-fashion, eg. ABC-x-ABC-x-ABC

On hourly I can count ABC-x-ABC-(ongoing, likely x ready and up in A)

Normally we do not see more than 3 connected ABC


Best to you,

Markus
  • #388,622
  • Feb 16, 2011 12:43pm Feb 16, 2011 12:43pm
looking at todays candles,we had similar situation about three,4 times in the last few months,where market dips and is bought back even higher,and it runs up until starts dipping down again so its matter of time and patience
  • #388,623
  • Feb 16, 2011 12:44pm Feb 16, 2011 12:44pm
Quoting sisse
Monthly S hold, weekly R threaten to break back up (all stops clear with the last move up) with a very "unconventional" speed and time. Although, fading the low of the range on monthly S (1.346x) was a clear and the easier option for the rest of the day (intraday), a break on weekly R (1,357x/5x) at this time and with that speed wasn't expected.

The only FA explanation (TA is clear) is on externalities and looking at the reaction on CHF the impact on risk is evident. FOMC will put the final point of this week range. If close around these levels,...
I enjoy and always look forward to your posts,,,thank you
  • #388,624
  • Feb 16, 2011 12:47pm Feb 16, 2011 12:47pm
sold @ 1.35633
  • #388,625
  • Feb 16, 2011 12:49pm Feb 16, 2011 12:49pm
i'm off, check you MOC...
Look Sharp/Trade Tight
  • #388,626
  • Feb 16, 2011 12:50pm Feb 16, 2011 12:50pm
Quoting redsword11
sold @ 1.35633
Minor trend line break?
  • #388,627
  • Feb 16, 2011 12:55pm Feb 16, 2011 12:55pm
Quoting infinitus
Hi Mercy,

yeah, at todays low with the start of the strong rejection I knew, that I was wrong in my asumption.

Is kind of the old German saying "Man soll den Tag nicht vor dem Abend loben".

When price shoot finally up I had my "WTF" moment LOL

Surprise, surprise.....

No problem ... fair enough ...

I know what it is behind with that ... schließlich mache ich das lange genug ...

And yes ... of course :

"Man soll den Tag nicht vor dem Abend loben"

Was not meant as a kind of 'reine Kritik' ...

But we should try to say it as clear as possible at the end of the day ...

I wonder that soo many members are telling that they are learning from this place ... kann ich nicht so recht erkennen ...



hmm ...


Anyway ... no reason for 'Zweifelhaftigkeiten' ... as long as not crossed below 1.34 we cannot say the market is bearish again ... and as long as not crossed above 1.37 we cannot say it is bullish again ...

Therefore we have listed it in a "survey of potential" ... which is caught in a range between +0.2 und -0.2 since a few days or since nearly a week ...

But we can try to say here what we like to prefer ...

I would like to prefer the upside !

And you ?



2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #388,628
  • Feb 16, 2011 12:56pm Feb 16, 2011 12:56pm
my view.
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  • #388,629
  • Feb 16, 2011 1:00pm Feb 16, 2011 1:00pm
Quoting longshot_nl
my view.
ok ... clear enough ...

Klar wie Kloßbrühe ...
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #388,630
  • Feb 16, 2011 1:03pm Feb 16, 2011 1:03pm
I wonder if this meeting will cause enough volatility to send it back down again.
  • #388,631
  • Feb 16, 2011 1:12pm Feb 16, 2011 1:12pm
Quoting infinitus
Hi Fontu,

I believe we should not try to count an impulse move up (5-3-5-3-5).

It is tempting, everytime, but we will be on the wrong track.

Because we had since the low at 3427 a complex correction, and all the moves had to be counted as ABC zigzags (5-3-5)

Prechter labels such complex ABC as overriding labeling WXY or WXY(x)Z moves.

Since we can assume that it is really such a complex correction with only ABC zigzags (I can nowhere count 5-3-5-3-5 impulses) we may make a plan for this last upmove (wave Y) in a complex ABC-fashion, eg....
Thanks , yes , but just keeping all option open . if the last wave up as already perhaps ended & so breaks top then minimum abc correction should happen or impulse , just input in that sense .and breaking up is a good possibilty here due more bull in nature due other reasons .
bull at top should be ready by now . lets see where end .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #388,632
  • Feb 16, 2011 1:12pm Feb 16, 2011 1:12pm
Quoting redsword11
sold @ 1.35633

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  • #388,633
  • Feb 16, 2011 1:13pm Feb 16, 2011 1:13pm
Quoting FishHead
I wonder if this meeting will cause enough volatility to send it back down again.
It's the release of the documented minutes of the meeting...

Be wary of volatile PA, can be prone to whip-saws...
  • #388,634
  • Feb 16, 2011 1:13pm Feb 16, 2011 1:13pm
Quoting FibbinArchie
yeah we could well see more of this chop...

I'll be looking for a possible position short off the falling TL if we go higher...

Fucking hell, That chart is incredible! Not seen the template with the MAc Volume and Stochs on all together with the Fibs aswell.!!! Amazing light show
rat
  • #388,635
  • Feb 16, 2011 1:16pm Feb 16, 2011 1:16pm
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.......... and other
  • #388,636
  • Feb 16, 2011 1:16pm Feb 16, 2011 1:16pm
Quoting FibbinArchie
seems like a good set up, do you not speculate on stocks with the investment acct?
Not at present, it is difficult to match the rate of return of forex trading. I did however diversify a portion into alternative ,lower-yielding asset classes.
" Never let the past hold the future to ransom "
  • #388,637
  • Feb 16, 2011 1:19pm Feb 16, 2011 1:19pm
Quoting rattyo
Fucking hell, That chart is incredible! Not seen the template with the MAc Volume and Stochs on all together with the Fibs aswell.!!! Amazing light show
Only set for longer term time frames, I monitor on the M1 & M5, only the volume sub graph is on there, so I very rarely see them...
  • #388,638
  • Feb 16, 2011 1:21pm Feb 16, 2011 1:21pm
Quoting Gleneagles
Not at present, it is difficult to match the rate of return of forex trading. I did however diversify a portion into alternative ,lower-yielding asset classes.
Do you follow the high, mid and low risk vs. yield approach on your asset allocation then? ie. a much higher percentage goes into lower risk instruments and less into high risk?
  • #388,639
  • Feb 16, 2011 1:22pm Feb 16, 2011 1:22pm
Quoting Mr Hatch
seriously, if anyone is not inside a trade, don't enter. this is the "i suck you in"-area. let it drop some more and wait for a retracement.
hatch, you're just great :nerd:
  • #388,640
  • Feb 16, 2011 1:24pm Feb 16, 2011 1:24pm
Quoting Mr Hatch
hatch, you're just great :nerd:

sure u are but also
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