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  • #437,021
  • May 5, 2011 7:02pm May 5, 2011 7:02pm
Quoting gatorinla
better get above the 4h close. if not... downtown
no sooner said then done. but close was below
those who can, do. those who cant, talk about those who can
  • #437,022
  • May 5, 2011 7:04pm May 5, 2011 7:04pm
Quoting needpips
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
Hi Needpips,

there is the rule of alternation. Wave 2 and 4 will look different. Look at 4h chart:

wave 2 was a simple ABC, so wave 4 has to be complex.

wave 2 retraced around 61.8%, so wave 4 should be more flat.

Wave 2 took only 8h, wave 4 will likely last 12-16 hours.

It woulfd be unlikely that wave 2 and 4 would both retrace 92 pips
  • #437,023
  • May 5, 2011 7:06pm May 5, 2011 7:06pm
Quoting PipChick
LOL you guys are crazy and I am going to bed. Good night all!
http://www.youtube.com/watch?v=cp7_u0kcQRo
  • #437,024
  • May 5, 2011 7:06pm May 5, 2011 7:06pm
That's right, Asia did and I had many limit orders waiting to be picked up on the EUR/USD, AUD/USD, and AUD/JPY and they did. I came back from work and the bar and sweeeeetttttttt, many pips in the bank!

Green Pips to everyone.
Cheers


Quoting needpips
One would think Asia would want to buy this dip hard.....just a theory...any thoughts?
  • #437,025
  • May 5, 2011 7:08pm May 5, 2011 7:08pm
Quoting egkid
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...

But in manias our superheros tend to be part of the herd........ and be wrong.....
  • #437,026
  • May 5, 2011 7:16pm May 5, 2011 7:16pm
Quoting gatorinla
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.
Inserted Video

7 now
those who can, do. those who cant, talk about those who can
  • #437,027
  • May 5, 2011 7:21pm May 5, 2011 7:21pm
Quoting infinitus
But in manias our superheros tend to be part of the herd........ and be wrong.....
i want to have a fun little discussion with you re elliot wave analysis,

i find the studies interesting but not predictive at all.

5 waves correct
1-impulse
2-corrective
3-longest impulse
4-corrective
5-last impulse before trend change correct

then he came up with abc of waves between waves. i find his work as predictive as my dog barking 2 for up and once for down.

however, his works do deserve merrit on the fact that price moves within the laws of physics for every action there is an equal and opposite reaction.

so for every wave we can expect a corrective wave as forceful or with proportional momentum as the impulse
AVT INVENIAM VIAM AVT FACIAM
  • #437,028
  • May 5, 2011 7:29pm May 5, 2011 7:29pm
monthly pivot or S - h - S
Attached Image (click to enlarge)
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  • #437,029
  • May 5, 2011 7:38pm May 5, 2011 7:38pm
Quoting buonvangvn
monthly pivot or S - h - S
It will touch weekly pivot also before reversing...
  • #437,030
  • May 5, 2011 7:39pm May 5, 2011 7:39pm
Chart but no comments ahead of NFP
Attached Image
The Thief of Wall Street
  • #437,031
  • May 5, 2011 7:40pm May 5, 2011 7:40pm
Quoting the redlion
i want to have a fun little discussion with you re elliot wave analysis,

i find the studies interesting but not predictive at all.

5 waves correct
1-impulse
2-corrective
3-longest impulse
4-corrective
5-last impulse before trend change correct

then he came up with abc of waves between waves. i find his work as predictive as my dog barking 2 for up and once for down.

however, his works do deserve merrit on the fact that price moves within the laws of physics for every action there is an equal and opposite reaction.

so for every...
I have two dogs barking, sometimes my girlfriend too, and there is Elliott.

Have to do a study, but since the nose of our dog Frodo is the longest (aka best nose) I should give him the most weight. Shouldn't I?
  • #437,032
  • May 5, 2011 7:40pm May 5, 2011 7:40pm
weekly low last time we were back in this zone.... to lazy to look at which week lol... hey at least i am honest

Quoting PipChick
Let me check this 4620 area out. What am I missing here?
Blogging daily now at www.volume.zone
  • #437,033
  • May 5, 2011 7:41pm May 5, 2011 7:41pm
Quoting buonvangvn
monthly pivot or S - h - S
and from there it will target area between weekly S2 and monthly S1.
  • #437,034
  • May 5, 2011 7:45pm May 5, 2011 7:45pm
Here is that weekly chart.

one high , two closes and one low all around 14624


Attached Image (click to enlarge)
Click to Enlarge Name: Screen shot 2011-05-05 at 7.42.59 PM.png Size: 297 KB






Quoting malcolmb14
weekly low last time we were back in this zone.... to lazy to look at which week lol... hey at least i am honest
Blogging daily now at www.volume.zone
  • #437,035
  • May 5, 2011 7:49pm May 5, 2011 7:49pm
check my weekly chart i just posted ..last high or 2008 high ? which one is more critical ? 1.4625 seems important , not sure why . But you were buying right into it.

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:
Blogging daily now at www.volume.zone
  • #437,036
  • May 5, 2011 7:53pm May 5, 2011 7:53pm
Quoting malcolmb14
check my weekly chart i just posted ..last high or 2008 high ? which one is more critical ? 1.4625 seems important , not sure why . But you were buying right into it.
My target is 1.4715 - 35 - let's see how it goes....
  • #437,037
  • May 5, 2011 7:55pm May 5, 2011 7:55pm
Quoting Chicky
Chart but no comments ahead of NFP
Congrats on 5,000 posts Chicky. May your next 5 grand be as clever and informative as the last.
  • #437,038
  • May 5, 2011 8:02pm May 5, 2011 8:02pm
Quoting stevefx
Congrats on 5,000 posts Chicky. May your next 5 grand be as clever and informative as the last.
Thanks steve. Never noticed I had that many posts. Be assured all of my next 5,000 posts will be as stupid as they can be but will appear intellectually written. Because I already posted my master piece: "Always Keep your positions small"
The Thief of Wall Street
  • #437,039
  • May 5, 2011 8:06pm May 5, 2011 8:06pm
Johnny there is a level in there that you should add.... 1,4625 lol

Quoting johnnyrei
Here is daily chart from that period:
Blogging daily now at www.volume.zone
  • #437,040
  • May 5, 2011 8:06pm May 5, 2011 8:06pm
Quoting Chicky
Thanks steve. Never noticed I had that many posts. Be assured all of my next 5,000 posts will be as stupid as they can be but will appear intellectually written. Because I already posted my master piece: "Always Keep your positions small"
A master piece indeed. Hear hear.
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