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  • #433,701
  • May 3, 2011 6:30am May 3, 2011 6:30am
Quoting infinitus
Some Elliott Wave observations:

Maybe PA stalls at around 4870 and reverses south.

That could be the pattern:

From the top last week down was the A leg (- 4775)

Now we are in a broader B-leg (up), which evolves as an ABC flat correction. We are now in the impulsive leg C (up) of this flat.

When wave B is finished we will see sharp move down as C leg which should ideally target 4770 to 4700
Genau ... so sieht das aus ...

Und das gilt auch immer noch ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #433,702
  • May 3, 2011 6:31am May 3, 2011 6:31am
Quoting the redlion
whatever formation it is

i ask my self would i be shorting it?

im thinking probably no, there is more risk of moving up than down.

so im long
4794 is the daily open. Might retrace alittle here... or further up...
Make it rain baby
  • #433,703
  • May 3, 2011 6:32am May 3, 2011 6:32am
closed +22....waiting on 30min to close for next entry
  • #433,704
  • May 3, 2011 6:36am May 3, 2011 6:36am
Seems stuck, what a surprise...
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  • #433,705
  • May 3, 2011 6:38am May 3, 2011 6:38am
Quoting theIEguy9_09
Nice!!
This is an example of the 'fluid' vs. 'choppy' I was referring to:

Attached Image (click to enlarge)
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There were a lot more chances of getting stopped out going short than if you scalped long in the fluid move...
Trends, breakouts, price action.
  • #433,706
  • May 3, 2011 6:39am May 3, 2011 6:39am
Quoting Larseg
Seems stuck, what a surprise...
to me..it is a shakeout..now back to the range..

Sonic
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  • #433,707
  • May 3, 2011 6:42am May 3, 2011 6:42am
Quoting buonvangvn
short 1.4790
What was that based on, please?
  • #433,708
  • May 3, 2011 6:42am May 3, 2011 6:42am
Quoting buonvangvn
short 1.4790
mate. your target?
looking for investors . pm me
  • #433,709
  • May 3, 2011 6:43am May 3, 2011 6:43am
Quoting aizazk
This is an example of the 'fluid' vs. 'choppy' I was referring to:

Attachment

There were a lot more chances of getting stopped out going short than if you scalped long in the fluid move...
Makes perfect sense...I seem to be loving the choppy market...LOTS OF OPPORTUNITY!!
  • #433,710
  • May 3, 2011 6:43am May 3, 2011 6:43am
Quoting sonicdeejay
to me..it is a shakeout..now back to the range..

Sonic
Hard to say. Price currently favours a short setup. The more we visit that bottom trend line the higher the likelyhood to break down.

Of coz... if for whatever reason we suddenly don't visit that bottom anymore, then maybe it is a sign that the bulls are finally taking over. Until then, still short biased.
  • #433,711
  • May 3, 2011 6:46am May 3, 2011 6:46am
any chances it will go back to 1.4795? It missed mine Tp just for 2pips no i dont know if i should cut it now and grab green pips i have now or wait unit it comes back to mine original TP.

doesnt look bullish anymore on smaller TFs
  • #433,712
  • May 3, 2011 6:46am May 3, 2011 6:46am
Quoting sonicdeejay
to me..it is a shakeout..now back to the range..

Sonic

yea, its always silent before the storm...
JPY holidays is shadowing this week I reckon... Still going to drop in and see if there are any confirmed trends though, but so far I cant see any so.... killing some time...
Inserted Video
  • #433,713
  • May 3, 2011 6:48am May 3, 2011 6:48am
Hello Everyone,

Very informative thread...

I would view a close below 1.4770 at 15:00 GMT as a trigger to see 1.4698 before long... While if we close below 1.4771 by 23:00 tonight we will see 1.4632 traded...

Cheers
Kevin
  • #433,714
  • May 3, 2011 6:48am May 3, 2011 6:48am
Quoting ikdenk
What was that based on, please?
experience and those are my skills. GL
  • #433,715
  • May 3, 2011 6:50am May 3, 2011 6:50am
What goes up must come down?
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_USD_5 Mins_snapshot.png Size: 14 KB
Make it rain baby
  • #433,716
  • May 3, 2011 6:51am May 3, 2011 6:51am
Quoting buonvangvn
short 1.4790
closed + 19

http://www.forexfactory.com/showpost...stcount=433777
  • #433,717
  • May 3, 2011 6:52am May 3, 2011 6:52am
Still waiting on next entry.....patience patience patience...
  • #433,718
  • May 3, 2011 6:55am May 3, 2011 6:55am
Quoting FxPlayboy
What goes up must come down?
Not really

You need to see if we are making higher lows or not. That will be your first sign that the bulls are beginning to overpower the bears.
  • #433,719
  • May 3, 2011 6:55am May 3, 2011 6:55am
BNP Paribas: BNP FX Analyst - The EUR is likely to remain supported ahead of the ECB decision on Thursday, but we note that yesterday saw the ECB's Wellink become the first member of the governing council suggest that he would be open to the rescheduling of Greek debt - although he ruled out any haircut on principal. The EU and IMF begin their mission to Greece today; and the next couple of weeks will also see negotiations on the Portuguese bailout. While the single currency may have some further upside, we would see this as limited to the 1.5050 level and would look to go short at those levels.
  • #433,720
  • May 3, 2011 6:57am May 3, 2011 6:57am
Quoting FxPlayboy
What goes up must come down?
currently fits to silver
Hero calls followed by margin calls...
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