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  • #443,581
  • May 17, 2011 1:12pm May 17, 2011 1:12pm
Quoting PayTheLimit
well I just dont see us moving up much more, unless we get a pop in crude or the spooz...
I'm starting to see some indications of some strength out of us here for a more continued move up north... although it may take another day.

Eyes on 4244.
  • #443,582
  • May 17, 2011 1:13pm May 17, 2011 1:13pm
Wait for retrace and then enter again. Good night all.
  • #443,583
  • May 17, 2011 1:13pm May 17, 2011 1:13pm
Quoting Venice
Not really. Price moves in a finite number of ways. Namely, up, down, and sideways.
up down left right dancing ping-pong spikes [viagra overdose] whip-lash [wife beating]
  • #443,584
  • May 17, 2011 1:14pm May 17, 2011 1:14pm
Quoting RamsesII
good call on seeing this earlier, i just had my eyes on the thousands of pips below
Actually...Infinitus really got me thinking of a larger ABC....which I projected to that area....I for one hope it retraces there....It would be a nice place to start setting some shorts....

***Actually, all the EWT's here are really talented.

1.442xx if C is 1.618 (which I believe it usually does)
  • #443,585
  • May 17, 2011 1:14pm May 17, 2011 1:14pm
Big H&S on USD/CHF, but then again aren't h&s 50/50?
Don't have an ego. Always question yourself and your ability.
  • #443,586
  • May 17, 2011 1:14pm May 17, 2011 1:14pm
Quoting hindustani
monthly ran out of strength for an explosive north ; no idea why though ; time will tell
Do You mind sharing the indicator?

Seb
  • #443,587
  • May 17, 2011 1:16pm May 17, 2011 1:16pm
Quoting PayTheLimit
well I just dont see us moving up much more, unless we get a pop in crude or the spooz...ditto AUD...
got some fresh shorts around there too. good luck
  • #443,588
  • May 17, 2011 1:16pm May 17, 2011 1:16pm
Quoting Venice
I'm starting to see some indications of some strength out of us here for a more continued move up north... although it may take another day.

Eyes on 4244.
ditto you 4240 area, but a close above, then I'm game for 4410ish, otherwise, its 4070 and 3900
Attached Image (click to enlarge)
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Look Sharp/Trade Tight
  • #443,589
  • May 17, 2011 1:18pm May 17, 2011 1:18pm
Quoting darimik
got some fresh shorts around there too. good luck

pretty low risk...
Look Sharp/Trade Tight
  • #443,590
  • May 17, 2011 1:18pm May 17, 2011 1:18pm
Quoting PayTheLimit
ditto you 4240 area, but a close above, then I'm game for 4410ish, otherwise, its 4070 and 3900
heh heh. I hate these weeks where the setups are mostly retrace plays. Makes pippin a little slower, and not to mention a bit tighter.
  • #443,591
  • May 17, 2011 1:19pm May 17, 2011 1:19pm
Quoting cloggie
Go back over my posts for today , I explained and did a play by play on a fake 'n shake perfectly today, showing what to look out for and what to watch so the fake breakouts don't catch you. Trading breakouts means you have to learn when there is a fake.

I have explained dozens of times what is a fakeout and how to recognise it, go back over my posts and learn.
Cloggie, I read all your posts, how can I join your trading group?
Thanks,
Alex
If only I knew then what I know now...
  • #443,592
  • May 17, 2011 1:21pm May 17, 2011 1:21pm
Quoting Kambooj
The EUR should easily go up to 4270-4280 region before comes back to the weekly pivot at 4200 level. Current recommendation given the attached chart is to buy eur/usd

Where do you see it bouncing on this lil pullback ? ...208 ?
  • #443,593
  • May 17, 2011 1:23pm May 17, 2011 1:23pm
A fakeout of this down trendline would be a great way to shake out bears for the big move lower as well, something to keep in mind.
Don't have an ego. Always question yourself and your ability.
  • #443,594
  • May 17, 2011 1:26pm May 17, 2011 1:26pm
Quoting Flynchenberg
Do You mind sharing the indicator?

Seb
here

http://en.wikipedia.org/wiki/Relative_Strength_Index
  • #443,595
  • May 17, 2011 1:26pm May 17, 2011 1:26pm
Quoting darimik
got some fresh shorts around there too. good luck
I'll add some shorts depending on the hourly close...
Look Sharp/Trade Tight
  • #443,596
  • May 17, 2011 1:27pm May 17, 2011 1:27pm
Quoting needpips
Actually...Infinitus really got me thinking of a larger ABC....which I projected to that area....I for one hope it retraces there....It would be a nice place to start setting some shorts....

***Actually, all the EWT's here are really talented.

1.442xx if C is 1.618 (which I believe it usually does)
Hi Needpips,

well done, well done :-)

In an ABC zigzag (5-3-5) wave C is often about the same length as wave A.

The movements from the the lowest point seems o be a zigzag (see on 4h chart)

This measured move would bring us to 4330


If we asume, that the first 5 waves down ended at 4122, the following and ongoing correction has to be seen as an ABC flat correction (3-3-5)

In a flat wave C is usually between 100 and 165 percent as long as wave A

That would bring us to 4271 to 4410
  • #443,597
  • May 17, 2011 1:28pm May 17, 2011 1:28pm
Quoting cloggie
Go back over my posts for today , I explained and did a play by play on a fake 'n shake perfectly today, showing what to look out for and what to watch so the fake breakouts don't catch you. Trading breakouts means you have to learn when there is a fake.

I have explained dozens of times what is a fakeout and how to recognise it, go back over my posts and learn.
You mean close above trendline or below and next candle back in :-)
  • #443,598
  • May 17, 2011 1:29pm May 17, 2011 1:29pm
Quoting RamsesII
Big H&S on USD/CHF, but then again aren't h&s 50/50?
74% meet target in Bull Market 58% in Bear. Tall do better than short as narrow does better than wide. Bulkowski's research
  • #443,599
  • May 17, 2011 1:31pm May 17, 2011 1:31pm
crude is making tiny bull flag $95 earlier toaday heavy rejected so keep your eyes open with your eu shorts
  • #443,600
  • May 17, 2011 1:31pm May 17, 2011 1:31pm
Quoting infinitus
Hi Needpips,

well done, well done :-)

In an ABC zigzag (5-3-5) wave C is often about the same length as wave A.

The movements from the the lowest point seems o be a zigzag (see on 4h chart)

This measured move would bring us to 4330


If we asume, that the first 5 waves down ended at 4122, the following and ongoing correction has to be seen as an ABC flat correction (3-3-5)

In a flat wave C is usually between 100 and 165 percent as long as wave A

That would bring us to 4271 to 4410
No....TY....iron sharpens Iron!
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