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  • #438,821
  • May 9, 2011 10:27pm May 9, 2011 10:27pm
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 9, 2011 10:28pm May 9, 2011 10:28pm
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 9, 2011 10:29pm May 9, 2011 10:29pm
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 9, 2011 10:30pm May 9, 2011 10:30pm
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 9, 2011 10:31pm May 9, 2011 10:31pm
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 9, 2011 10:32pm May 9, 2011 10:32pm
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 9, 2011 10:35pm May 9, 2011 10:35pm
Quoting PayTheLimit
I wish you luck mate...
Good morning PTL.
RichieEU
  • #438,828
  • May 9, 2011 10:36pm May 9, 2011 10:36pm
Quoting RichieEU
Good morning PTL.
good morning brother...
Look Sharp/Trade Tight
  • #438,829
  • May 9, 2011 10:39pm May 9, 2011 10:39pm
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 9, 2011 10:40pm May 9, 2011 10:40pm
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 9, 2011 10:40pm May 9, 2011 10:40pm
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 9, 2011 10:41pm May 9, 2011 10:41pm
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 9, 2011 10:43pm May 9, 2011 10:43pm
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 9, 2011 10:46pm May 9, 2011 10:46pm
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 9, 2011 10:51pm May 9, 2011 10:51pm
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 9, 2011 10:56pm May 9, 2011 10:56pm
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 9, 2011 10:58pm May 9, 2011 10:58pm
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 9, 2011 11:05pm May 9, 2011 11:05pm
4245 - looks like this level meant something in the past:

h4 chart:
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  • #438,839
  • May 9, 2011 11:14pm May 9, 2011 11:14pm
Oanda has 1.6 spread today :/
  • #438,840
  • May 9, 2011 11:15pm May 9, 2011 11:15pm
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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