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  • #436,941
  • May 5, 2011 7:46pm May 5, 2011 7:46pm
Quoting PipChick
Im so lame when it comes to Elliott wave. For some reason Ijust cant wrap my brain around it
if you can count to 5, spell ABC, WXY and Z, and abcde you have 50% of the stuff behind you LOL
  • #436,942
  • May 5, 2011 7:47pm May 5, 2011 7:47pm
of times and I noticed where the 2300 typically marks a direction change...FWIW
  • #436,943
  • May 5, 2011 7:48pm May 5, 2011 7:48pm
Quoting malcolmb14
You got a plan ? with that list ?

part of plan should be look at your weekly charts for s/r lines

here you go .. each one of those BUYS is in a MAJOR cluster of s/r from 1.4620 up. That is why I mentioned to pip chick sell 4620 on a test

You want to trade like that go right ahead it is your money to lose

Your long should have been 1.4530 to 1.4600 maybe

Attachment
Look into black cicrcle - this is the price action from 2008. Check back my previous posts like week or two ago where I was saying that oil will retrace to 100 level area. 2 years ago euro also moved from the same price to same price as today. from 1.4524 it went up to 1.4726:
Attached Image (click to enlarge)
Click to Enlarge Name: whatthepricewasdoing.jpg Size: 137 KB
  • #436,944
  • May 5, 2011 7:48pm May 5, 2011 7:48pm
Quoting infinitus
if you can count to 5, spell ABC, WXY and Z, and abcde you have 50% of the stuff behind you LOL
I studied EWT hardcore over the past year....my take...it looks great on the rear view mirror..BIg Picture..its cool for ABC moves....ie...look at DXY...correction a coming....but I think it gets close to 70.70 first....time will tell
  • #436,945
  • May 5, 2011 7:49pm May 5, 2011 7:49pm
Quoting infinitus
if you can count to 5, spell ABC, WXY and Z, and abcde you have 50% of the stuff behind you LOL
LOL..now I know why I cant grasp EW. Dang! I can only count to 4!!!
  • #436,946
  • May 5, 2011 7:50pm May 5, 2011 7:50pm
Quoting malcolmb14
You got a plan ? with that list ?

part of plan should be look at your weekly charts for s/r lines

here you go .. each one of those BUYS is in a MAJOR cluster of s/r from 1.4620 up. That is why I mentioned to pip chick sell 4620 on a test

You want to trade like that go right ahead it is your money to lose

Your long should have been 1.4530 to 1.4600 maybe

Attachment
Dang Malc!! You made me burn my toast while I was looking for 4620.
  • #436,947
  • May 5, 2011 7:52pm May 5, 2011 7:52pm
Quoting johnnyrei
Look into black cicrcle - this is the price action from 2008. Check back my previous posts like week or two ago where I was saying that oil will retrace to 100 level area. 2 years ago euro also moved from the same price to same price as today. from 1.4524 it went up to 1.4726:
...and from 1.4726 it went to 1.4310 ---> then to 1.49 area, the back down to 1.43 area and it stayed in that range for couple of weeks. So my play will be the same. I will buy now until 1.4670 - then I will close - sell at 1.4726 and wait for it to drop to 1.43 area,then buy again etc for next month until it breaks above 1.49 area - then I will go long long term...
  • #436,948
  • May 5, 2011 7:54pm May 5, 2011 7:54pm
Quoting PipChick
LOL..now I know why I cant grasp EW. Dang! I can only count to 4!!!
that's all you need to trade pc.
  • #436,949
  • May 5, 2011 7:55pm May 5, 2011 7:55pm
Quoting pkimnyc
that's all you need to trade pc.
LOL Cool then I am an EW trader!!!
  • #436,950
  • May 5, 2011 7:55pm May 5, 2011 7:55pm
Quoting pkimnyc
thank goodness.... no end of the world....
Dont be too happy cause next year is 2012.
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,951
  • May 5, 2011 8:00pm May 5, 2011 8:00pm
Quoting samdani786
Dont be too happy cause next year is 2012.
what happens in 2012?
  • #436,952
  • May 5, 2011 8:00pm May 5, 2011 8:00pm
Quoting mercy seat
Naja ... ein bischen ambitiös ... aber grob Richtung 1.4640 erst mal ... da klebt dann ein Elliott-Widerstandspunkt ...

Cross of above later possible ... above 1.4625/ 40/ 59 we may head for aprox. 1.4705/ 24 area at first ...

Immer schön die Kirche im Dorf lassen ...



;-|

Hi Mercy,

most of the time a wave 4 corrects back to a wave 4 area of one lesser degree. The more momentum at the downside (aka strong down trend), the higher the posibility of a shallow correction. At such points we often see ABC flat correction or running flats, also skewed triangles. The pressure of the prevailing trend is so high, that a normal correction has no chance and is pushed into the direction of the prevailing trend.

If forces (here downside) are more weak, a wave 4 then oftentimes reaches the heart of the wave 3 (up to the point of recognition).

With downside momentum fairly high it is not my favorable plan to asume, that we might see a deep retracement here.

If we see a move up surpassing the wave 4 area in a hurry, odds are high that the whole down-move from the top was only an ABC correction and we are up on the way to a new top.

My church is 150m NE located and in the middle of the town. I looked out and it was there (like the last several hundreds years) LOL
  • #436,953
  • May 5, 2011 8:01pm May 5, 2011 8:01pm
Quoting pkimnyc
what happens in 2012?
I think thats when we all die or something like that.
  • #436,954
  • May 5, 2011 8:03pm May 5, 2011 8:03pm
Quoting PipChick
I think thats when we all die or something like that.
  • #436,955
  • May 5, 2011 8:03pm May 5, 2011 8:03pm
Quoting PipChick
I think thats when we all die or something like that.
PipChick: What a good thing I took out Life insurance.
  • #436,956
  • May 5, 2011 8:04pm May 5, 2011 8:04pm
Quoting pkimnyc
what happens in 2012?
Watch the movie " 2012 " Its about the wolrd is ending. We need to make lots of money and buy a space ship for emergency. Just in case
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #436,957
  • May 5, 2011 8:04pm May 5, 2011 8:04pm
Quoting needpips
What is the significance of 07?


****ok I see why....after 4607...crossing that would be on to the next level...
pa said its a bull foot print. #1.. if you don't have 1 you cant have 2 and so on.
those who can, do. those who cant, talk about those who can
  • #436,958
  • May 5, 2011 8:05pm May 5, 2011 8:05pm
Quoting malcolmb14
do not worry ...EW is so open to interpretation. Give 50 computers an algo for ew and 200 traders each one will come up with something different

Simple s/r is the key.
with due respect: show me one method of TA which is not open to several interpretation.

And show me one method of TA that has an equal tight set of regulations than EW.

S/R does not give guideline for direction, EW does.

But each to his own.........
  • #436,959
  • May 5, 2011 8:07pm May 5, 2011 8:07pm
Quoting Hda
PipChick: What a good thing I took out Life insurance.
LOL No one will be here to collect on it Hda.
  • #436,960
  • May 5, 2011 8:08pm May 5, 2011 8:08pm
Is a rotten egg.

This looks like it is going to be fun. Thanks cloggie for the heads up on 1,4777 i was limited out there but wow that was a heck of a call!


we are still in up trend and still more time till June Qe2 runs out but lets see what tomorrow brings
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