EURUSD

This is precisely what it was... I do expect a down week next week, but it wasn't going to start this week...

There is no reason to go down IMO. As long as there are more shorts than longs on the coordinated broker network, and not enough volume to force their hand, we will go up...When I visted the Fed 10 years ago, they told me their job was 'to protect confidence in the dollar'. How things have changed.....TT

FX Mkts close within one hour ...

Highest been 1.4468 until now (22h12 CET) ...

1.4469 (Netdania) ...

1.4468 ...

1.4474 ... (Swiss and French Interbank) ...



;-|

Hi Mercy,

nice to hear that it was once again a successful day :-) Ehre wem Ehre gebührt!

My day was "durchwachsen".

First it got me on the wrong leg, was mental in a down-then up-sequence, but it got straight up.

Then I had several business appointments and I had zero time for trading, only lurcking every here and then.

As I write this I see a huge spike up to my target of 4464, OK it is 4666, damn, have to work on precision. LOL

But the move down now only looks corrective. Will go higher, maybe only a little bit for an overthrow over my base channel.

Should stop soon or I have to change my count complete. I have room up to 4517.

This high retracing wave makes me an headache.

Losing my conviction that my count is right. But that may be the intent of a wave 2 - doubt.


Have to re-access the possibilities.

What stays is: the moves up from 1.18 are corrective.

In doubt: the moves down from 1,6x and 1.5x - are they corrective or impulsive? I now have them as impulses.

Right now I examine following scenario:

The move down from 1.6 was an impulse. Call it wave 1

The move up to 1,5x was wave A (wave A of a flat, therefore no impulse)

The move down from 1.5x was wave B

The move up from 1.18 is now ongoing and may be an ending diagonal. It looks like an impulse, but structure is corrective and we have an wave 1 and 4 overlap.

This ending diagonal expands.

A good target for this count would be 1.4648. That is a Murrey Math 8/8 target on daily.

And around this target we have several fib targets.

E.g.: the 61.8 retracement of the above mentioned wave 1 or the 100% fib extension from wave A (wave A = wave C)


For now that is only an idea, I have to research especially wave B (if it is countable as a corrective wave)

We will see......


Have all a nice weekend, especially you Mercy.

See you all later, hopefully,


Markus

Nothing stay forever
My Yearly R1 higher higher than current PA
Already have a plan and limit order when it hit i will post my entry
Catch u next week.

BTW:
I'm not trade what i expecting that lesson we learn long time ago , I can give very good 4 reasons for my trade and my entry

5 Hours time distortion, heavy doc.

How do we hit 1.43 in next 3 hours then? TT

Closing all long positions. It was a fine week to watch Peter North take up those meds to bang the shit outta this pair.

W T G !

lol. nice additional 74 pips.

dude stop picking and choosing which calls to bring up, you're a joke

Puh..

Went to bed after taking profit yesterday...
Checking it up this morning. Nice exit right?

THE US DOLLAR IS RECEIVING WHAT IT DESERVES FOR PRINTING MONEY OUT OF THIN AIR:

A BEATING DE LUXE ACROSS ALL HARD CURRENCIES.

US DOLLAR = TOILET PAPER!

GET RID OF BERNANKE AND THE FED!

GO HOME FED BANKSTERS!

for the fundies buffs on this thread.

http://www.cnbc.com/id/42479791

he still short? i thought we went way pass 1.4280.

Nice one; hope you don't mind me adding it to a post where I just talked about that same thing, with credit for your sleuthwork!

no credit necessary. go ahead. it's cnbc. thanks.

Got stopped on a H1 entry trying to get one more long position (-25), but other than that it was a great week....Still in the D1 Long sitting at +275 with 50 Locked in.

Very nice Chicky, only 3 pips away from 2nd target also

I have now used the benefit we have with Oanda and closed my long trades when the other brokers are closed, longs from 1.34 and 1.36 so +980 pips there. A very nice week-end

I would beware of these levels...once the Dollar starts falling this rapidly and Oil starts rising so fast that the lower Dollar no longer benefits stocks there is no reason for the fed to continue the accommodation because its become counter productive.


Its the perfect time for a Fed rhetoric change. Lots of inflation data coming next week. Watch out.