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  • #391,201
  • Feb 20, 2011 4:30pm Feb 20, 2011 4:30pm
Quoting Raza
..PK...

You know YOU KNOW what it is....

based on what i've found in wikipedia.... it's much more complicated than i thought...
  • #391,202
  • Feb 20, 2011 4:30pm Feb 20, 2011 4:30pm
Quoting mercy seat
From intraday prospective I would like to see something around 1.3652 - 1.3642 at first ... otherwise in case of no dips towards those levels minimum ... I would tend to sell the rallies ... Stops above 1.3793 and 1.3819 ...

Elliott has further upside scope ... 1.3745 at first ... which is a breakpoint area ... capped there at first or least is more likely ...



;-|
Hi Mercy,

hope you had a nice weekend.


Your analysis fits "pi mal Daumen" mine.


Catch you later,


Markus
  • #391,203
  • Feb 20, 2011 4:32pm Feb 20, 2011 4:32pm
Quoting kill56
watch the oil lybia is gone its a matter of time the tribes might cut the oil to europe if the blood does not stop in 24 h and leave the country
but what will the market do..??? oil double in europe and japan.. and triciet will say inflation is high. so he will charge more for the water to put out the fire.
those who can, do. those who cant, talk about those who can
  • #391,204
  • Feb 20, 2011 4:34pm Feb 20, 2011 4:34pm
Quoting gatorinla
but what will the market do..??? oil double in europe and japan.. and triciet will say inflation is high. so he will charge more for the water to put out the fire.
what do you mean double in Europe and Japan ?
rat
  • #391,205
  • Feb 20, 2011 4:36pm Feb 20, 2011 4:36pm
Quoting ehsan
But only few times. Thanks for the feedback.
This type of TL made me 140 pips last Friday. Have a look at 4H!
The only valid way of using a school of thought or study, is one that produces money. It made you 140 pips last Friday, and that should be valid enough for you. What I like about the chart is your consistency. You didn't adjust your TL as soon as price pierced it and that is enough to keep you out of trouble. By remaining unmoved, you can make pips both long and short using only one line on your chart. Ofcourse you have to understand/or have some kind of idea why that line is forming or being respected. And when you get the hang of it, you will be able to trade a line without even drawing it on your chart, and that's Market Flow my friend. There are many different school of thought, pick yours carefully and avoid being part of 95% herd with your thinking.
  • #391,206
  • Feb 20, 2011 4:37pm Feb 20, 2011 4:37pm
Quoting ehsan
But only few times. Thanks for the feedback.
This type of TL made me 140 pips last Friday. Have a look at 4H!
Hi Ehsan,

I might support you here. Even Eliott wave base channels allow for "overthrow".

And EW base channels work quiet impressive.

Why should it not allowed for every other TL too?

Only mindful answers please......
  • #391,207
  • Feb 20, 2011 4:42pm Feb 20, 2011 4:42pm
Quoting gatorinla
but what will the market do..??? oil double in europe and japan.. and triciet will say inflation is high. so he will charge more for the water to put out the fire.


we might see the same play when egypt was in the news , still 750 in sight lets see
  • #391,208
  • Feb 20, 2011 4:42pm Feb 20, 2011 4:42pm
Quoting Raza
No need to Thank.

To know elliot correctly... one has to have a very twisted mind..


When I was a child my mother oftentimes said: "this boy has a twisted mind" LOL
  • #391,209
  • Feb 20, 2011 4:42pm Feb 20, 2011 4:42pm
sell 6257 tp 6220 buy 6218 repeat
Founder of Sutherland Wave Principle
  • #391,210
  • Feb 20, 2011 4:44pm Feb 20, 2011 4:44pm
Quoting infinitus
Hi Ehsan,

I might support you here. Even Eliott wave base channels allow for "overthrow".

And EW base channels work quiet impressive.

Why should it not allowed for every other TL too?

Only mindful answers please......
Thanks everyone. My point was that most of the time price reveresed at this TL, so watch out!
  • #391,211
  • Feb 20, 2011 4:45pm Feb 20, 2011 4:45pm
Quoting momento
The only valid way of using a school of thought or study, is one that produces money. It made you 140 pips last Friday, and that should be valid enough for you. What I like about the chart is your consistency. You didn't adjust your TL as...
  • #391,212
  • Feb 20, 2011 4:48pm Feb 20, 2011 4:48pm
Quoting infinitus
When I was a child my mother oftentimes said: "this boy has a twisted mind" LOL

and u love it
  • #391,213
  • Feb 20, 2011 4:49pm Feb 20, 2011 4:49pm
its a long way to go from 3690 to 6257 :o

Quoting suthmo
sell 6257 tp 6220 buy 6218 repeat
  • #391,214
  • Feb 20, 2011 4:51pm Feb 20, 2011 4:51pm
Quoting hkkhanus
its a long way to go from 3690 to 6257 :o
monster trade that one. I'll repeat thats a monster trade
rat
  • #391,215
  • Feb 20, 2011 4:51pm Feb 20, 2011 4:51pm
looming around ema20 on m5
Attached Image (click to enlarge)
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  • #391,216
  • Feb 20, 2011 4:54pm Feb 20, 2011 4:54pm
Quoting kill56


we might see the same play when egypt was in the news , still 750 in sight lets see
today, there is Morocco and libya, morevover so much statistic tomorrow against eur and the european market are so high.
I think that the market must fall tomorrow
  • #391,217
  • Feb 20, 2011 4:55pm Feb 20, 2011 4:55pm
Quoting hkkhanus
its a long way to go from 3690 to 6257 :o
He was talking abt GU not EU
  • #391,218
  • Feb 20, 2011 4:56pm Feb 20, 2011 4:56pm


Quoting rattyo
monster trade that one. I'll repeat thats a monster trade
  • #391,219
  • Feb 20, 2011 4:59pm Feb 20, 2011 4:59pm
Quoting rattyo
what do you mean double in Europe and Japan ?
I'm not going to speak for Gator; he's extremely knowledgeable, but my take is that he's referring to the main users of Middle Eastern oil.
In the US, we're actually awash in oil. That's the big reason for the ~$20 split between West Texas Intermediate (WTI) and Brent North Sea crude.
WTI's pricing depends quite a bit on the supply of oil stored at Cushing, OK. Currently, Cushing is at record high levels of crude. This is because most Canadian, Mexican, and Venezuelan export oil ends up in the US. It's enough to supply the US.
Japan gets its oil from the Middle East and Alaska. (Some Alaska oil goes to the west coast). Here's an older article on Japan's oil suppliers: http://www.atimes.com/atimes/Japan/IB21Dh01.html
This is a matter of moving oil from one place to another.
Dennis Gartman was discussing moving WTI to Europe in an arbitrage play last week on Fast Money. He estimate that the total transport costs were ~$20, so we're very close to the point where you would see oil prices rise in near equal dollar amounts worldwide should suppliers start arbitraging WTI to Europe and Japan.

Europe's a more complex animal, as it gets oil from multiple sources. The North Sea, Russia, Middle East, North Africa. I don't know how tight their supplies are and how large the SPRs (strategic petroleum reserves) are in Europe but I've looked at the large rise in Brent North Sea crude prices as an indication that Europe's oil supply is under quite a bit of stress.

Hope that wasn't too much jibber jabber.
  • #391,220
  • Feb 20, 2011 5:00pm Feb 20, 2011 5:00pm
Quoting rattyo
what do you mean double in Europe and Japan ?
they get most (excluding ns/brent) of their oil from the mid east.. the u.s. gets most from canada mex (other parts of africa)u.s.............. japan gets all i think from the me (large % min)..
those who can, do. those who cant, talk about those who can
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