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  • #437,001
  • May 5, 2011 8:38pm May 5, 2011 8:38pm
So this is what I am throwing out as a possibility here...which keeps us under 4607 I believe





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Quoting infinitus
Hi Egkid,

how are you brother? :-)

Think you have to be filthy rich by now with your short call
  • #437,002
  • May 5, 2011 8:39pm May 5, 2011 8:39pm
Quoting egkid
Anyone have view and target for e/u or g/p?
I have and i will share but tell me what's on ur mind to talk about it
OK, again for you:

this is wave 4 action up. I await a complex correction. This leg up is wave A of 4. Wave A does not look to be an impulse. So I wait for an ABC flat correction.

That would mean that we will go soon down (deep retracing the A wave), then up in an impulsive C wave to around 460 (maybe less).

Then down for the wave 5 to around 4465 to 440.

Then announcement of NFP, which will bring us up for a wave 2. Ideal target would be around 4770

There are other options which can bring a new high but right now I do not favor them.
  • #437,003
  • May 5, 2011 8:42pm May 5, 2011 8:42pm
Quoting samdani786
This is the chart i posted earlier for GBP. and its behaving accordingly. My Eur chart is not something you gonna like so skip it


LOL

Egkid, do not even dare to look at his EURUSD chart. I did it this afternoon and am ill since that :-)
  • #437,004
  • May 5, 2011 8:42pm May 5, 2011 8:42pm
Quoting PipChick
At the current price?
PipChick: PA might test 1.4556 to continue up to 1.4600 So I would add another long at that price. I would set a limit order because the PA maybe so quick, I dont get to catch it
  • #437,005
  • May 5, 2011 8:42pm May 5, 2011 8:42pm
Quoting Pipwanderer
4929 reached now 4970 1.5012 ........still reverse symmetrical and expanding usually breaks out but an unsual candle on h4 4880 resistance atm
finally broken and this time south will see how this pair retraces will check back later
  • #437,006
  • May 5, 2011 8:42pm May 5, 2011 8:42pm
Quoting Faller
This is a chart pattern.....current daily chart for the us dollar index futures.

This is called a bullish tri star candlestick formation.....can be found here...

http://www.fxwords.com/b/bullish-tri...ndlestick.html

This is more of a pattern then the head and shoulders.....but this pattern does somewhat confirm that what you are looking at could be some kind of a head and shoulders.....
I posted this the other day....see both charts below.....I agree with you http://www.forexfactory.com/nfs/cust...ar141572_1.gif buonvangvn
Forex as a love song
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I don't trust any move - when you have profit...take it.
  • #437,007
  • May 5, 2011 8:43pm May 5, 2011 8:43pm
Quoting infinitus
Hi Egkid,

how are you brother? :-)

Think you have to be filthy rich by now with your short call
Not yet
Hope all going great with u bro

Quoting PipChick
egkid,
I am thinking 5291 as long as 4509 holds.But if Gator keeps selling and if malc sells at 4620 then my target wont be met.lol
So u have mixed view u have high bull target but 2 good traders keep selling
All depends on TF each one use but next move i c it on my own chart we will test 1.47xx

For G/U Same view i post before 14H
http://www.forexfactory.com/showpost...stcount=436074

I could b wrong but that is what i c
  • #437,008
  • May 5, 2011 8:44pm May 5, 2011 8:44pm
Quoting pkimnyc
pc does abcd (4). same principal as abc correction.
Ohhhhh, I see, but now I taught her to count to 5. She will never be the same again, I think. How to reverse that?
  • #437,009
  • May 5, 2011 8:46pm May 5, 2011 8:46pm
Quoting egkid
Hi
What ur view for tomorrow?
just watching the h print. we got 6 green and the next may be 7... either way we seem to be over extended candle wise.. it took 7 candles to do all the damage today.
those who can, do. those who cant, talk about those who can
  • #437,010
  • May 5, 2011 8:47pm May 5, 2011 8:47pm
Quoting infinitus
OK, again for you:

this is wave 4 action up. I await a complex correction. This leg up is wave A of 4. Wave A does not look to be an impulse. So I wait for an ABC flat correction.

That would mean that we will go soon down (deep retracing the A wave), then up in an impulsive C wave to around 460 (maybe less).

Then down for the wave 5 to around 4465 to 440.

Then announcement of NFP, which will bring us up for a wave 2. Ideal target would be around 4770

There are other options which can bring a new high but right now I do not favor them.
maybe get an abcxabc w4 correction similar to w2, i see abc could be complete already
Don't have an ego. Always question yourself and your ability.
  • #437,011
  • May 5, 2011 8:50pm May 5, 2011 8:50pm
Quoting infinitus
OK, again for you:

this is wave 4 action up. I await a complex correction. This leg up is wave A of 4. Wave A does not look to be an impulse. So I wait for an ABC flat correction.

That would mean that we will go soon down (deep retracing the A wave), then up in an impulsive C wave to around 460 (maybe less).

Then down for the wave 5 to around 4465 to 440.

Then announcement of NFP, which will bring us up for a wave 2. Ideal target would be around 4770

There are other options which can bring a new high but right now I do not favor them.
or a larger 5-3-5 could be a flat...or a ZZ...im not sure since wave 2


I think this Wave 4 will be 92 pips long same as Wave 2 was...check it out

1.46035...Gator u are the man if this holds
  • #437,012
  • May 5, 2011 8:51pm May 5, 2011 8:51pm
Quoting egkid
Not yet
Hope all going great with u bro


So u have mixed view u have high bull target but 2 good traders keep selling
All depends on TF each one use but next move i c it on my own chart we will test 1.47xx

For G/U Same view i post before 14H
http://www.forexfactory.com/showpost...stcount=436074

I could b wrong but that is what i c
I could be wrong also but I do see further upmove as long as the 4509 holds.
  • #437,013
  • May 5, 2011 8:51pm May 5, 2011 8:51pm
Quoting infinitus
Ohhhhh, I see, but now I taught her to count to 5. She will never be the same again, I think. How to reverse that?
LOL you guys are crazy and I am going to bed. Good night all!
  • #437,014
  • May 5, 2011 8:54pm May 5, 2011 8:54pm
Quoting PipChick
LOL you guys are crazy and I am going to bed. Good night all!
PipChick: I was just about to do the same - Good Night Traders - May the Bears Win and may the Bulls Win
  • #437,015
  • May 5, 2011 8:54pm May 5, 2011 8:54pm
Quoting infinitus
OK, again for you:

this is wave 4 action up. I await a complex correction. This leg up is wave A of 4. Wave A does not look to be an impulse. So I wait for an ABC flat correction.

That would mean that we will go soon down (deep retracing the A wave), then up in an impulsive C wave to around 460 (maybe less).

Then down for the wave 5 to around 4465 to 440.

Then announcement of NFP, which will bring us up for a wave 2. Ideal target would be around 4770

There are other options which can bring a new high but right now I do not favor them.
Thanks for sharing your respectable view
  • #437,016
  • May 5, 2011 8:55pm May 5, 2011 8:55pm
Quoting needpips
I like this blog...he hand charts like Elliott did...I think he is way better than Prechter...IMHO

http://supercycleelliottwave.blogspot.com/
Thanks for the link. Will put him on my blog roll on my own blog to watch what he counts :-)
  • #437,017
  • May 5, 2011 8:58pm May 5, 2011 8:58pm
Quoting infinitus
Ohhhhh, I see, but now I taught her to count to 5. She will never be the same again, I think. How to reverse that?
just need to count corrections, main trend is given after that, i think.
  • #437,018
  • May 5, 2011 8:58pm May 5, 2011 8:58pm
Quoting PipChick
LOL you guys are crazy and I am going to bed. Good night all!
better get above the 4h close. if not... downtown
those who can, do. those who cant, talk about those who can
  • #437,019
  • May 5, 2011 8:59pm May 5, 2011 8:59pm
December 4, 2009, near price level, volume, and setup have a very similar look - it was also a Friday. Look at 4 HR chart on that day with Volume, and even MACD.
  • #437,020
  • May 5, 2011 9:00pm May 5, 2011 9:00pm
Quoting PipChick
I could be wrong also but I do see further upmove as long as the 4509 holds.
I have learn one thing Trade what your own chart tell u and i post my view.

Your view respectable and one of best traders share same view like you
Jim Rogers
I own the euro, I’m not thinking about selling the euro for fundamentally good reasons. The ECB is doing a much better job than the US central bank.

Who is Jim ?For guys who don't know he is
After attending Yale and Oxford University, Jim Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P 500 rose less than 50%. Rogers then decided to retire – at age 37.
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