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  • #405,381
  • Mar 11, 2011 12:08pm Mar 11, 2011 12:08pm
Quoting infinitus
For the bearish case to stay intact, the count could be as following:


At the bottom today we had a failed 5th wave!!!
Interesting view. I don't use EW. Despite FA, what I am looking for TA is a rejection of daily highs around 1.392x (which is key monthly R) on H4 simply aligning to LL and LH the current daily breach to LL. I will post a chart on the weekend to make it clearer (at a very first not valid glance will be around 1.385x) .

But thnks I will have a look in detail in your intraday chart.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #405,382
  • Mar 11, 2011 12:10pm Mar 11, 2011 12:10pm
Quoting sisse
Interesting view. I don't use EW. Despite FA, what I am looking for TA is a rejection of daily highs around 1.392x (which is key monthly R) on H4 simply aligning to LL and LH the current daily breach to LL. I will post a chart on the weekend to make it clearer (at a very first not valid glance will be around 1.385x) .

But thnks I will have a look in detail in your intraday chart.

sisse

Blimey Sisse, even at beer o'clock we agree:

Quoting cloggie
Right now keep an eye on 85, if that goes 3915 next, if it holds see how far down it goes, find your lower trigger and see if it holds as support, if it does reload, the one to watch below here is 3850.
They'll be talking about us soon.
  • #405,383
  • Mar 11, 2011 12:13pm Mar 11, 2011 12:13pm
Quoting PayTheLimit
thank you, that chart has served me well this week, hope I can whip another good one up for next week...
Can you explain where you got these levels from?
  • #405,384
  • Mar 11, 2011 12:14pm Mar 11, 2011 12:14pm
Quoting fldash
Can you explain where you got these levels from?

Look to the left and see what you can find by yourself, then compare them with PTL's.
  • #405,385
  • Mar 11, 2011 12:20pm Mar 11, 2011 12:20pm
still looking bearish; I went short @ 1.3840... went for coffee came back, here are at 1.3872. 30 pip move pretty quick.

Looking at a daily chart, still under yesterdays close, below the weekly PP @ 1.39006
  • #405,386
  • Mar 11, 2011 12:22pm Mar 11, 2011 12:22pm
My level is holding so far, am covering all. Flat across the board.

Quoting cloggie
Right now keep an eye on 85
See y'all later.
  • #405,387
  • Mar 11, 2011 12:31pm Mar 11, 2011 12:31pm
See you next week cloggie... have a good weekend...
  • #405,388
  • Mar 11, 2011 12:33pm Mar 11, 2011 12:33pm
Quoting sisse
Interesting view. I don't use EW. Despite FA, what I am looking for TA is a rejection of daily highs around 1.392x (which is key monthly R) on H4 simply aligning to LL and LH the current daily breach to LL. I will post a chart on the weekend to make it clearer (at a very first not valid glance will be around 1.385x) .

But thnks I will have a look in detail in your intraday chart.

sisse
Hi Sisse,

this move today was somewhat clear for me today but confused me totally. LOL

It was clear that we would likely bounce from the 3750 level. But I stood with my EW in my own way because I was missing a wave. Well, maybe it was a failed 5th, or the move down ended yesterday and we got today a ABC flat correction which brought us temp. down to the 375 level.

Will need the weekend to analyze those moves.

Please double check your monthly R1. I have it at 3969 and I checkd it with two different sources. WP is at 3901.

3916 would be a good Murrey mmath target (4h pivot p=32)

However: Meaningless of the actual count: I think that this move up will be at least retraced towards the 385x level. When we first go to the 3916 area, a bounce back to 385x would be a fib 38%
  • #405,389
  • Mar 11, 2011 12:36pm Mar 11, 2011 12:36pm
Since Feb. 28 th I'm stuck with shorts.. ..view days ago one of them reached TP..two more to go.....Anyway it was a good but expensive lesson..
  • #405,390
  • Mar 11, 2011 12:37pm Mar 11, 2011 12:37pm
Quoting infinitus
....... Please double check your monthly R1. I have it at 3969 and I checkd it with two different sources. WP is at 3901.
.......
Yup close to what I have too - Monthly R1 1.3967 and Weekly PP 1.3900
  • #405,391
  • Mar 11, 2011 12:37pm Mar 11, 2011 12:37pm
LOL Sometimes when I browse EURUSD I feel like

*Edit* Okay, no offense to anyone, just silly me.
  • #405,392
  • Mar 11, 2011 12:44pm Mar 11, 2011 12:44pm
Quoting SunTrader
Yup close to what I have too - Monthly R1 1.3967 and Weekly PP 1.3900
Why am I showing Monthly R1 1.39047. WPV. 1.37116 ?

No wonder my support levels never match...
  • #405,393
  • Mar 11, 2011 12:46pm Mar 11, 2011 12:46pm
I was just talking with a colleague at work during lunch and I mentioned the US debt limit. We both came to the conclusion that the next few weeks may see a steady rise for the euro. I told him I would try to get opinions from you folks....

Here is the premise; The US national debt ceiling MUST be raised by end of month; 20 days and counting. Generally, each time they do this it's for 18-24 months. Given the US is running about $100 billion in the red each month - that's $1.2 trillion /year.

Now, the next election is in Nov 2012. - That's about 19 months from now. The last thing Obama and the Dems are going to want to do is have to raise the debt AGAIN in the middle of a campaign!! Therefore, they HAVE to take the political hit NOW and raise the debt limit enough to get us through Dec 2012 I would say.

That's going to be 21 months worth of deficits that need to be added to the debt limit in the next 3 weeks, OR $ 2.1 Trillion, but add another 10% margin for error and you have $2.3 Trillion.

What are the markets going to do and what is going to happen to the dollar when this gets done on or about March 31??? ANY thoughts? Is it already priced in with the move from 1.20 to 1.40???
  • #405,394
  • Mar 11, 2011 12:46pm Mar 11, 2011 12:46pm
Quoting infinitus
Hi Sisse,

this move today was somewhat clear for me today but confused me totally....
When I refer to R or S. I am always talking about pure price S/R areas not pivots. In any case, I sent you a PM so we can chat in detail over the weekend.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #405,395
  • Mar 11, 2011 12:50pm Mar 11, 2011 12:50pm
Quoting samdani786
Your charting skill is unique my friend. I salute
  • #405,396
  • Mar 11, 2011 12:50pm Mar 11, 2011 12:50pm
Quoting sisse
Interesting view. I don't use EW. Despite FA, what I am looking for TA is a rejection of daily highs around 1.392x (which is key monthly R) on H4 simply aligning to LL and LH the current daily breach to LL. I will post a chart on the weekend to make it clearer (at a very first not valid glance will be around 1.385x) .

But thnks I will have a look in detail in your intraday chart.

sisse


Hi,

I have reworked my count. I think this one is more probable than the count shown beforehand. This count has not to deal with a failed fifth.

Here we go:
Attached Image (click to enlarge)
Click to Enlarge Name: 03112011 30min evening main count bearish eurusd.jpg Size: 91 KB
  • #405,397
  • Mar 11, 2011 12:53pm Mar 11, 2011 12:53pm
Quoting cloggie
My level is holding so far, am covering all. Flat across the board.



See y'all later.
Have a nice weekend Cloggie
  • #405,398
  • Mar 11, 2011 12:57pm Mar 11, 2011 12:57pm
Quoting sisse
When I refer to R or S. I am always talking about pure price S/R areas not pivots. In any case, I sent you a PM so we can chat in detail over the weekend.

sisse
Looking forward to it. Will in the next 12-18 hours on my way to bella Italia for skiing. As soon as I have Internet access we can chat :-)

Catch ya later,

Markus
  • #405,399
  • Mar 11, 2011 1:00pm Mar 11, 2011 1:00pm
Very interesting day!
Do your time and enjoy the ride...
  • #405,400
  • Mar 11, 2011 1:02pm Mar 11, 2011 1:02pm
Quoting infinitus
Looking forward to it. Will in the next 12-18 hours on my way to bella Italia for skiing. As soon as I have Internet access we can chat :-)

Markus

How far from u to there?
Where you go in italy? Italy is faaaaaaaar 'way from me
but perhaps i'll get there in the christmas hollyday.
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