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  • #436,641
  • May 5, 2011 1:24pm May 5, 2011 1:24pm
Quoting RamsesII
hey samdani786, i posted this in the elliott wave forum. Your count has some wave 4 in to 1 overlap so I favour this one:

http://www.forexfactory.com/attachme...5&d=1304527182
Hey bro very nice work . Thanks . Now i know at least i am not the only one . I missed the down move as i was not expecting it this fast .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,642
  • May 5, 2011 1:24pm May 5, 2011 1:24pm
Look at EURUSD 15min TF

The last 12 to 15 bars could be a wave 4 in the direction of the trend (down).

Such a thing is called a skewed triangle. It occurs, when the prevailing trend of the move (down) is so strong, that it does not allow a "normal" correction.

I do not put my hands in the fire for that but am confident with around 70% :-)
  • #436,643
  • May 5, 2011 1:25pm May 5, 2011 1:25pm
Quoting PayTheLimit
Little trivia. Largest ATR since mid 1989, was in March 1995...612 pips. Another little tidbit of worthless info, lol, the high of that day...1.4535, held till....late 2007, about 12yrs, lol....put that in your pipe and smoke it...
PTL do you know what triggered the large range? Just curious..
" Never let the past hold the future to ransom "
  • #436,644
  • May 5, 2011 1:26pm May 5, 2011 1:26pm
Quoting kenfen69
Contrarian in me just dipped a Long toe at 4559...will add another at 4551.
Closed both...one -2...other +5.5.

Out for holidays...catch everyone soon.

All the best.
  • #436,645
  • May 5, 2011 1:27pm May 5, 2011 1:27pm
Quoting infinitus
Let it break, let it break :-)

I feel not comfortable with betting against you, but I do not like to be wrong hehehe
Well this move down is very momentous to be 4th So. Lets see . Thats Y i am currently on the side. Did pretty good with that H1 range the whole week .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,646
  • May 5, 2011 1:29pm May 5, 2011 1:29pm
Quoting samdani786
Hey bro very nice work . Thanks . Now i know at least i am not the only one . I missed the down move as i was not expecting it this fast .
I caught it from 14880 til about 1.4680 and watched in horror as it continued down haha. 38.2% of wave 3 comes in around 1.4365 which is also a support level from March so an interesting area
Don't have an ego. Always question yourself and your ability.
  • #436,647
  • May 5, 2011 1:30pm May 5, 2011 1:30pm
Quoting samdani786
Hey bro very nice work . Thanks . Now i know at least i am not the only one . I missed the down move as i was not expecting it this fast .
Something to ponder about:

you imply with this count, that we are now in a wave 4, or the wave c of the ABC of wave 4.

Now take a look at Awesome oscillator. Chances are very very big, that this is not a C-wave. Most of the time the most pressure in a C wave is on the end of the wave (in the 5th wave of the C wave). Look at it on a 5 min chart.
  • #436,648
  • May 5, 2011 1:32pm May 5, 2011 1:32pm
Could be a long here (1.4555) for at least 30 pips.
  • #436,649
  • May 5, 2011 1:34pm May 5, 2011 1:34pm
Quoting Gleneagles
PTL do you know what triggered the large range? Just curious..
I got into the business in mid 1994, but honestly I can not remember. I recall some large moves during a Mexican default, not sure if that fits the year. Will have to do some digging, and make another stiff drink....
Look Sharp/Trade Tight
  • #436,650
  • May 5, 2011 1:35pm May 5, 2011 1:35pm
Cloggie, just want to congratulate you, great call on may 5th to may 7th events! lol absolutely saw you wreck this place...

Boys and girls Today's another good example why Fundamental can EASILY F**K your technical trading style up...

some kid here talked about 1.55 in EURUSD?? come kids read the news for once...

anyways im doing absolutely great

been using this "Walk the dog method" to literally let my BALANCE Drag the Equity up with it

https://www.myfxbook.com/portfolio/f...per-bot/103939

i wonder what TalentFx did, im pretty sure his Super 7 indicators would've given him the feeling to Long before the news LOL
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #436,651
  • May 5, 2011 1:36pm May 5, 2011 1:36pm
Quoting infinitus
Something to ponder about:

you imply with this count, that we are now in a wave 4, or the wave c of the ABC of wave 4.

Now take a look at Awesome oscillator. Chances are very very big, that this is not a C-wave. Most of the time the most pressure in a C wave is on the end of the wave (in the 5th wave of the C wave). Look at it on a 5 min chart.
If the strength of the wave 4 of subwave 3 wasn't so strong, I would probably be converted to the bear side. But because we had that very strong move followed by a reversal up, I won't discount the same could happen with this wave 4.
Don't have an ego. Always question yourself and your ability.
  • #436,652
  • May 5, 2011 1:36pm May 5, 2011 1:36pm
Quote
Shorts still in play from 1.4871, 66 48 from 3/5/2011
Revised tp
1, 1.4760
2, 1.4640
3, 1.4530


HMMMMMMMMMMMMMMMM
  • #436,653
  • May 5, 2011 1:37pm May 5, 2011 1:37pm
and here it is. 344 pips for today. cool. that was something
  • #436,654
  • May 5, 2011 1:40pm May 5, 2011 1:40pm
Quoting RamsesII
If the strength of the wave 4 of subwave 3 wasn't so strong, I would probably be converted to the bear side. But because we had that very strong move followed by a reversal up, I won't discount the same could happen with this wave 4.
Hi Ramses,

that is right too. That C-wave Awesome Oscillator behavior is very often there, but not every time.

The bears can only count their chickens when we break certain levels to the downside.

Sentiment wise:

Everyone and their dogs waited at least for 1.5x or much higher. Not many had a top at 1.49 in the cards......
  • #436,655
  • May 5, 2011 1:41pm May 5, 2011 1:41pm
Quoting kill56
thanks bro
Cable is finishing a butterfly on 15 min with macd Div. Check it out .
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,656
  • May 5, 2011 1:41pm May 5, 2011 1:41pm
Pull-back to come on eur/usd ?
No more Fight, the victory has come...
  • #436,657
  • May 5, 2011 1:43pm May 5, 2011 1:43pm
Quoting infinitus
Hi Ramses,

that is right too. That C-wave Awesome Oscillator behavior is very often there, but not every time.

The bears can only count their chickens when we break certain levels to the downside.

Sentiment wise:

Everyone and their dogs waited at least for 1.5x or much higher. Not many had a top at 1.49 in the cards......
Regardless of the count, lower is in the cards.. now it's just a matter of getting the right entry on a pullback and we can re-evalute price action once we hit 1.4365
Don't have an ego. Always question yourself and your ability.
  • #436,658
  • May 5, 2011 1:45pm May 5, 2011 1:45pm
Quoting PayTheLimit
I got into the business in mid 1994, but honestly I can not remember. I recall some large moves during a Mexican default, not sure if that fits the year. Will have to do some digging, and make another stiff drink....
No sweat, I started a little later but cannot remember, have a drink and if you find something please post
" Never let the past hold the future to ransom "
  • #436,659
  • May 5, 2011 1:46pm May 5, 2011 1:46pm
Quoting nonor
Pull-back to come on eur/usd ?
4510/20 is the level to watch for me for some bullish candle pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: 185 h4 5-4-11.gif Size: 22 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,660
  • May 5, 2011 1:47pm May 5, 2011 1:47pm
Quoting infinitus
Hi Ramses,

that is right too. That C-wave Awesome Oscillator behavior is very often there, but not every time.

The bears can only count their chickens when we break certain levels to the downside.

Sentiment wise:

Everyone and their dogs waited at least for 1.5x or much higher. Not many had a top at 1.49 in the cards......
don't be surprised if euro attempts another high and then drop.
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