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  • #438,821
  • May 10, 2011 12:27am May 10, 2011 12:27am
Morning , moving perfect & perhaps again time to spike down , as wave 3 of the lattest leg now , so bottom or near bottom to have a bounce or not & bear continuation expecting . tp still not hit .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #438,822
  • May 10, 2011 12:28am May 10, 2011 12:28am
short @ 1.4330....

I can see EUR has left the rising channel now
is it possible to go down to 1.4155 level...
i cn see its fibo 38.2 from Jan
Patience, Emotion Control and Discipline.
  • #438,823
  • May 10, 2011 12:29am May 10, 2011 12:29am
Is there any?
Seems to be following pretty close... Just begining and looking for associations, of course they may alaign for today and not tomorrow right.
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  • #438,824
  • May 10, 2011 12:30am May 10, 2011 12:30am
Quoting PayTheLimit
Well the first test, close below here and that will open new cans of worms in my view...

another test of can of worms area...
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Look Sharp/Trade Tight
  • #438,825
  • May 10, 2011 12:31am May 10, 2011 12:31am
Gator,

Please see below for the indi alarm you wanted. I found it and just tested it on my short trade.

Best Wishes,
Cheers


Quoting gatorinla
is it a b/o indi?

edit i see it now..

man a b/o indi would be nice.
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  • #438,826
  • May 10, 2011 12:32am May 10, 2011 12:32am
Quoting johncen
short @ 1.4330....

I can see EUR has left the rising channel now
is it possible to go down to 1.4155 level...
i cn see its fibo 38.2 from Jan
ok , expecting too this level but this is the last leg of down if no further extension again , can't expect repeatedly & so the minimum expect the better , say if wave 1=5 then 62 pips may from the bottom , around 4200 , few up & down ok .my tp set last night 4224 as conservative , be happy with it now & no change .
lets see .
fontu
Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #438,827
  • May 10, 2011 12:35am May 10, 2011 12:35am
Quoting PayTheLimit
I wish you luck mate...
Good morning PTL.
RichieEU
  • #438,828
  • May 10, 2011 12:36am May 10, 2011 12:36am
Quoting RichieEU
Good morning PTL.
good morning brother...
Look Sharp/Trade Tight
  • #438,829
  • May 10, 2011 12:39am May 10, 2011 12:39am
Quoting kill56
not yet when the fiber gos down i might

did post the shitt @ the grave yard hope it helps

http://www.forexfactory.com/showthread.php?t=246111
thanks..
those who can, do. those who cant, talk about those who can
  • #438,830
  • May 10, 2011 12:40am May 10, 2011 12:40am
Quoting RichieEU
Good morning PTL.

Just checked out your web page... you got something going on! So great. Small sure scalps.

Like it
  • #438,831
  • May 10, 2011 12:40am May 10, 2011 12:40am
Quoting disegnosys
Gator,

Please see below for the indi alarm you wanted. I found it and just tested it on my short trade.

Best Wishes,
Cheers
thanks..i will kick the tires.
those who can, do. those who cant, talk about those who can
  • #438,832
  • May 10, 2011 12:41am May 10, 2011 12:41am
Quoting PayTheLimit
what up Iman...
Good morning PTL,

the moves down from 4580 looks like an ending diagonal. Ending diagonals occur, when a move went too fast and too wide.

An ending diagonal is an impulse which looks like a correction. A normal impulse comes as 5-3-5-3-5, an ending (a leading too) diagonal normally as 3-3-3-3-3.

Wave 1 and 4 of this diagonal should overlap. I can see that. We are now in the last wave down of this ending diagonal.

This view is supported by huge divergences on 15, 30, 60, 120 min TF. 240min TF shows beginning divergences.


Based on that I think the first 5 wave impulse from the top at 49x is about to be finished. Either this is a wave 1 down, or it is an A wave of an ABC down. We will see.

Maybe we will see 4190 before up. If my count is right we shall not see much more downside than that, since the subwave 3 of the ending diagonal can not be the shortest.

Sorry for not providing a chart. I am on my XDA right now :-(
  • #438,833
  • May 10, 2011 12:43am May 10, 2011 12:43am
Quoting infinitus


Sorry for not providing a chart. I am on my XDA right now :-(
NP, thanks for your thoughts...good luck...
Look Sharp/Trade Tight
  • #438,834
  • May 10, 2011 12:46am May 10, 2011 12:46am
Quoting gatorinla
thanks..i will kick the tires.
Gator, have any good b/o levels on the brit intraday, thanks PTL
Look Sharp/Trade Tight
  • #438,835
  • May 10, 2011 12:51am May 10, 2011 12:51am
You're welcome, I know it works I had it set for 1.4299 on a M1 chart. When bar closed alarm went off.

I'm a computer guy by trade so I could modify it more it you needed something better.

Cheers


Quoting gatorinla
thanks..i will kick the tires.
  • #438,836
  • May 10, 2011 12:56am May 10, 2011 12:56am
what will be an important level to look at now?
yesterday low 1.4252?

seems we hav support at 1.4280 level....
Patience, Emotion Control and Discipline.
  • #438,837
  • May 10, 2011 12:58am May 10, 2011 12:58am
Quoting infinitus
Good morning PTL,

the moves down from 4580 looks like an ending diagonal. Ending diagonals occur, when a move went too fast and too wide.

An ending diagonal is an impulse which looks like a correction. A normal impulse comes as 5-3-5-3-5, an ending (a leading too) diagonal normally as 3-3-3-3-3.

Wave 1 and 4 of this diagonal should overlap. I can see that. We are now in the last wave down of this ending diagonal.

This view is supported by huge divergences on 15, 30, 60, 120 min TF. 240min TF shows beginning divergences.


Based on...

Further considerations:

Fridays 4313 could be the end of subwave 5 of the first wave down. Since then we are in ABC flat correction, where we are now in wave C (up)

This wave C up started with a wave A up, now in Wave B down, which should reverse soon.



Another viwe is, that 4313 was the end of subwave 5 of the first wave down.
The following waves were an ABC flat for wave 2 which ended yesterday evening at 4375

That would mean, that we are now in a wave 3 down. This option, I feel, is less likely, since we have such huge divergences at various TF's. A wave 3 drop usually does not start out of oversold conditions......
  • #438,838
  • May 10, 2011 1:05am May 10, 2011 1:05am
4245 - looks like this level meant something in the past:

h4 chart:
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  • #438,839
  • May 10, 2011 1:14am May 10, 2011 1:14am
Oanda has 1.6 spread today :/
  • #438,840
  • May 10, 2011 1:15am May 10, 2011 1:15am
Quoting ady_babe
Just checked out your web page... you got something going on! So great. Small sure scalps.

Like it
Thanks. I am trying to do the best!
RichieEU
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