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  • #393,621
  • Feb 22, 2011 4:17pm Feb 22, 2011 4:17pm
Quoting Magix
That's almost like trading...but in really fekkin slomo....

Look at it this way aaron...you haven't had to ask for a chart on it yet this week...so, yer good man...

Sit back, relax, eat some chips, have a cold beer and wait for the cash register to ring...

CHA CHING!
@ what price r you long (USD/CHF) from Magix????
  • #393,622
  • Feb 22, 2011 4:19pm Feb 22, 2011 4:19pm
Quoting aarontdang
@ what price r you long (USD/CHF) from Magix????
I'm not trading it..

I get enough active range from EU, GU, EJ, GJ and my free money comes from USDCAD...

I only loaded the chart because Medo asked.

Looks damn tempting though...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,623
  • Feb 22, 2011 4:23pm Feb 22, 2011 4:23pm
Quoting Sandy A.
Very interesting. Just reading through the guidelines and it all seems to fit except that in an expanding diagonal wave 5 usually terminates short of the 1-3 trendline.

If you change your count to make your current wave 5 into wave 3, then it takes care of that guideline and allows for wave 5 to reach right down to the 1.3428 area which would be a good place for the larger degree wave 1 to target.
Hello Sandy,

very good, very good. Sometimes one need to be remembered on all these rules :-)

But: the rule states: "usually" EWP p. 88 :-)

And keep in mind: in Forex sometimes you see strange behavior which you can not see in trading stocks or indices.

But however: your variant is valid too and should be kept in mind.

Wave degree on my chart may be, at this point, one degree to high.


For wave code of my labeling see the legend of colors on my blog.



Do you only trade / EW analyse Forex or indices too?


Keep up the good work.

Would like to see your mid and long term count on EURUSD (if you get the time).



Best to you,


Markus
  • #393,624
  • Feb 22, 2011 4:24pm Feb 22, 2011 4:24pm
Hi
Important event happening 2 time each year in Egypt in same date
http://news.nationalgeographic.com/n...abusimbel.html
  • #393,625
  • Feb 22, 2011 4:28pm Feb 22, 2011 4:28pm
yooooooo bros,

off to bed !

Hero calls followed by margin calls...
  • #393,626
  • Feb 22, 2011 4:33pm Feb 22, 2011 4:33pm
Quoting Magix
hit a few, miss a few..all part of the game.
This really does sound a lot like what I do, distilled into a more -big word alert here- parsimonious structure. And actually, anyone who says they don't miss a few -or a lot, depending on the strategy- is a liar or a serial lottery winner. Incentive for me to get back to your thread, now with a better idea of where it's all going to get to, 512 pages or whatever, later.

BTW, I notice Malcolmb14 drops by almost daily, and seems to want get someone to call him out on 1.40+ E/D. I don't doubt that it's possible, maybe probable. But I sure can't, and don't see how what he does can, or what's done by anyone else can, say for sure one way or t'other. And for sure none of us can tell the rest when that might happen (if anyone could, does Macy's tell Gimbel's?).

I do have a lot of respect for guys like him and you, though, who take the non-trivial amount of time to present ideas in detail in actively monitored threads. And if we all weren't a little cocky, we wouldn't be so in love with a business that has a well dosed element of risk, as well as a little "us against the idiots" in the world view.
  • #393,627
  • Feb 22, 2011 4:37pm Feb 22, 2011 4:37pm
Quoting egkid
Hi
Important event happening 2 time each year in Egypt in same date
http://news.nationalgeographic.com/n...abusimbel.html
viva Egypt (come to visit us)
  • #393,628
  • Feb 22, 2011 4:41pm Feb 22, 2011 4:41pm
Quoting OldQuant
Since PTL is around, I'll tell this story. Jerry Goodman wrote in The Money Game about being taken into a large long cocoa trade by a big speculator....
i peek at i from to time..will the hour close in 1.5 hours be above 3673.7 or below 3631.2 then i target either side 3588.7 or 3733 12 19.5 as stated in the weekend post.. if you cant hold these 37xx then i continue to short there. 3712.x is not in the usual traders toolbox.
those who can, do. those who cant, talk about those who can
  • #393,629
  • Feb 22, 2011 4:46pm Feb 22, 2011 4:46pm
Quoting OldQuant

BTW, I notice Malcolmb14 drops by almost daily, and seems to want get someone to call him out on 1.40+ E/D. I don't doubt that it's possible, maybe probable. But I sure can't, and don't see how what he does can, or what's done by anyone else can, say for sure one way or t'other. And for sure none of us can tell the rest when that might happen (if anyone could, does Macy's tell Gimbel's?).
Me and Mal go back, we used to chat quite a bit in skype with a few others. We all have our systems and find what we need...

I have problems being absolutes on anything or having 100% faith in any one system, indicator or direction...thus the reason I use multiple charts, cross pair trade analysis and analyze the nuts outa everything and rapid fire trades like they were on sale!

From there, really, it's just cherry picking.

Mal done great on his longs from last week, loads wise...

He still sitting pretty today, really nothing wrong with the color of green in his gains...my point, he hasn't gained a single pip since Friday Close...well, unless he added or took some off the table..

I have on shorties alone closed close to 360, and only scalped a couple longs this week on the EU trades....

My last week not as stellar as typical, but certainly not going to impact my overall monthly take...

Mal, much the same, he's not really sweating stuff either.

Market is in the eyes of the beholder, and no matter the overall direction, there is money to be made shorting a long chart, longing a short chart or following the flow of money. Where simplicity of course dictates, to follow the dough, erratic movements can sometimes make that idea a little harder if you conform to any sort of regulated money management.

Really...wtf do I know...
Push the button to get in a trade.
Push the button to get out of the trade...
Cross fingers and hope the trade closed profit...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,630
  • Feb 22, 2011 4:51pm Feb 22, 2011 4:51pm
Quoting infinitus
This could be the count for the bears:

blue 1 down today was an expanding leading diagonal.

The following wave 2 is a flat correction (3-3-5). Its impulse wave c we have seen this afternoon and topped at 3704.

Now we are down for a wave 3 or more 1-2's to come.

This count is valid until 3716 is broken.

To enter a short position here with a SL just above 3716 provides a good R/R ratio.
I entered 2 shorts here last night before going to bed with sl at 3718. Moved sl to BE this morning.

. . . and I guess I'd say I'm a USD bull more than a EUR . . . .
  • #393,631
  • Feb 22, 2011 4:52pm Feb 22, 2011 4:52pm
Magix ... you have quiet the collection of charts there . Are you an artist ? trying to see which one is the prettiest with the most lines and colours?

Yours sincerely...

Your buddy

SCUBA

Quoting Magix
Speaking of Rolls...

So far, in the last few trade days, price has been rejected at the Monthly open, this week we have been sold off from and had price rejected at the weekly roll, and today, could not keep above the daily roll...

New day, new price opens below yesterday, new daily low yesterdays candle, no new weekly high...

Hrmmmm

By description alone, sounds like we still in bear country.
Blogging daily now at www.volume.zone
  • #393,632
  • Feb 22, 2011 4:54pm Feb 22, 2011 4:54pm
Magix . I closed last week at end of week , 1.3680 held and i took all of table.

Not in eu to be honest this week YET , but the shake out in asia last night strongly suggests an up week and as eu is correlated 100% with oil IF oil hits $100 this week euro may well spring into weeks range high at 1,3950 ish ( assuming that low of week was 1.3550 +350 pip)

oil , es and gold BIG producers this week so not really that focused on eu but might hop in if I get a test of 1,3640 area in asia and buyers hsow up in London for 1,3800 / 1,3850

Still holding that oil long 85.55 I mentioned last week

Quoting Magix
Me and Mal go back, we used to chat quite a bit in skype with a few others. We all have our systems and find what we need...

I have problems being absolutes on anything or having 100% faith in any one system, indicator or direction...thus the reason I use multiple charts, cross pair trade analysis and analyze the nuts outa everything and rapid fire trades like they were on sale!

From there, really, it's just cherry picking.

Mal done great on his longs from last week, loads wise...

He still sitting pretty today, really nothing wrong with...
Blogging daily now at www.volume.zone
  • #393,633
  • Feb 22, 2011 4:56pm Feb 22, 2011 4:56pm
Quoting egkid
Hi
Important event happening 2 time each year in Egypt in same date
http://news.nationalgeographic.com/n...abusimbel.html
I'm old enough to remember the move of Abu Simbel to save it from the waters behind Aswan. It was almost as monumental an achievement as the building it in the first case.

Some years ago there was a traveling exhibit of a fraction of the Museum's Ramses II artifacts, as well as some detailed accounts of his life and times. One of the greatest public works endeavors in all of history, and a good way to fund the money supply.
  • #393,634
  • Feb 22, 2011 4:56pm Feb 22, 2011 4:56pm
Quoting Magix
Speaking of Rolls...

So far, in the last few trade days, price has been rejected at the Monthly open, this week we have been sold off from and had price rejected at the weekly roll, and today, could not keep above the daily roll...

New day, new price opens below yesterday, new daily low yesterdays candle, no new weekly high...

Hrmmmm

By description alone, sounds like we still in bear country.
it aint broke till its broke.
those who can, do. those who cant, talk about those who can
  • #393,635
  • Feb 22, 2011 5:01pm Feb 22, 2011 5:01pm
hey whats up crackforex heads

nice mal and magix in the house coool

wise man cheating take that dam 200 on 5 of the chart

miss the up move but walking the dog for 10's not a bad day after
all like the daily close dam i am high
  • #393,636
  • Feb 22, 2011 5:05pm Feb 22, 2011 5:05pm
Quoting malcolmb14

Not in eu to be honest this week YET , but the shake out in asia last night strongly suggests an up week and as eu is correlated 100% with oil IF oil hits $100 this week euro may well spring into weeks range high at 1,3950 ish ( assuming that low of week was 1.3550 +350 pip)

oil , es and gold BIG producers this week so not really that focused on eu but might hop in if I get a test of 1,3640 area in asia and buyers hsow up in London for 1,3800 / 1,3850

Still holding that oil long 85.55 I mentioned last week
Actually, the shake last night to me with the stopping levels, indicates we are loading for a MASSIVE drop.

Hidden Gap would most likely do a better job of explaining it, but look at really when and where the buying was, and where it stopped.

Friday, only US brought price up to and couldn't close above monthly roll.
Monday bank Holiday...
Tuesday, Price dropped to where Asian and London could bring it back up to the levels they never got to trade, an opportunity to load for the short run.

Today, opened below yesterday, ergo, we have a loss no matter how much of that bottom candle was bought up. We have a defined topside area that has been challenged and never taken out.

There is too the strong support ltl for the weekly USDX and the USDCAD being in favor of the canucks.

Draw the correlations where you want...unless we can turn this week and month into a bull candle, I still say we are heading for a place where you will need old skewl scuba, some deep water lights and batteries that will operate under a severe pressure load.

As Gator put it...it ain't broke, till it's broke...and we ain't there yet.

I can flip the switch anytime to follow the money, so if we head longside and take out the tops, no sweat from me...Rather then being a currency cheerleader and crossing my fingers for the best, I prefer to dip my trades in and follow the action.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #393,637
  • Feb 22, 2011 5:08pm Feb 22, 2011 5:08pm
It seems the euro is about to jump:
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_h1_23-02-11.gif Size: 43 KB
  • #393,638
  • Feb 22, 2011 5:13pm Feb 22, 2011 5:13pm
sorry shoul have posted chart with that

the shake out in asia ( nice low volume after us holidday ) just picked up those left behind orders and tested top of bull flag .

Looking for 1.4 this week due to this

Attached Image (click to enlarge)
Click to Enlarge Name: eu02.jpg Size: 130 KB






Quoting malcolmb14
Magix . I closed last week at end of week , 1.3680 held and i took all of table.

Not in eu to be honest this week YET , but the shake out in asia last night strongly suggests an up week and as eu is correlated 100% with oil IF oil hits $100 this week euro may well spring into weeks range high at 1,3950 ish ( assuming that low of week was 1.3550 +350 pip)

oil , es and gold BIG producers this week so not really that focused on eu but might hop in if I get a test of 1,3640 area in asia and buyers hsow up in London for 1,3800 / 1,3850

Still holding...
Blogging daily now at www.volume.zone
  • #393,639
  • Feb 22, 2011 5:18pm Feb 22, 2011 5:18pm
hell with oil this week mag i can go 400 pip scuba on eu and STILL make 500 pip on week .

that shake out was hit by buyer at 1,3550.... same level as last week. They rae drying up ovewrhead supply is all

I am still favouring buy dips for monthly range .. 1.4000 area

But money can be made both ways

Quoting Magix
Actually, the shake last night to me with the stopping levels, indicates we are loading for a MASSIVE drop.

Hidden Gap would most likely do a better job of explaining it, but look at really when and where the buying was, and where it stopped.

Friday, only US brought price up to and couldn't close above monthly roll.
Monday bank Holiday...
Tuesday, Price dropped to where Asian and London could bring it back up to the levels they never got to trade, an opportunity to load for the short run.

Today, opened below yesterday, ergo, we have a loss...
Blogging daily now at www.volume.zone
  • #393,640
  • Feb 22, 2011 5:18pm Feb 22, 2011 5:18pm
Quoting OldQuant
........(if anyone could, does Macy's tell Gimbel's?)..........
Wow a blast from the past, the deep past.
326 traders viewing now, 1 is registered:
F.g