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  • #453,721
  • Jun 2, 2011 1:20am Jun 2, 2011 1:20am
stochy' have'nt crossed!

Waiting ...


Quoting 4XisPOSSIBLE
good sell here on eurusd
38,50,61.8,127ext,ny cpp stoch hidden divergence and 4hr old lows 30 pip SL.
  • #453,722
  • Jun 2, 2011 1:22am Jun 2, 2011 1:22am
Quoting Honored
You all EU shorters need to learn some Elliot wave. We still have one more new high before the drop. Expecting 4495 or 4570 tomorrow
GL all.
Thursday, August 13, 2009

Prechter Says Gold & Silver Due for a Major Fall

Gold has fallen sharply in recent days, but its supporters are undaunted: The yellow metal remains within earshot of its all-time high and is destined to soar as the dollar implodes, gold's bulls say.

As is often the case, Bob Precther, president of Elliott Wave International, takes the contrarian view, arguing there's "too much optimism" about precious metals and negativity around the dollar.

In fact, Prechter believes the dollar put in a major bottom last week and, as a result, foresees major weakness ahead for commodities generally, and gold and silver specifically. The precious metals are "heavily overbought" and the "path of least resistance" will be to the downside for many months, he says. "[Gold's] going to go much further [down] than people think."

Not too sure about Elliott Wave
  • #453,723
  • Jun 2, 2011 1:53am Jun 2, 2011 1:53am
confusions all over the place nfp should tell lot more story
  • #453,724
  • Jun 2, 2011 2:03am Jun 2, 2011 2:03am
1H candle closed above daily pivot 1.43694
  • #453,725
  • Jun 2, 2011 2:04am Jun 2, 2011 2:04am
until NFP, theres no way we can reach wave C at 1.4232. i think.
  • #453,726
  • Jun 2, 2011 2:08am Jun 2, 2011 2:08am
Quoting PayTheLimit
will be interested in the reaction of a test of 4373/84...bbl for the LO, gl, PTL
better to call it 4373/92...
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Look Sharp/Trade Tight
  • #453,727
  • Jun 2, 2011 2:10am Jun 2, 2011 2:10am
New higher target for eur 1.44126 move stop to be.
  • #453,728
  • Jun 2, 2011 2:11am Jun 2, 2011 2:11am
Quoting almo
Looks like this retracement is about over. Looking like we are going to attack the recent low of 1.4320 on the Euro over the next couple hours..IMO.

How did that work out for you?
I don't trust any move - when you have profit...take it.
  • #453,729
  • Jun 2, 2011 2:14am Jun 2, 2011 2:14am
Quoting FXNorm
Thursday, August 13, 2009

Prechter Says Gold & Silver Due for a Major Fall

Gold has fallen sharply in recent days, but its supporters are undaunted: The yellow metal remains within earshot of its all-time high and is destined to soar as the dollar implodes, gold's bulls say.

[font=verdana]As is often the case, Bob Precther, president of [url="http://www.elliottwave.com/a.asp?url=/&cn=8si18"]Elliott...
Am I reading wrong....or is that article from 2009? What is your point?
I don't trust any move - when you have profit...take it.
  • #453,730
  • Jun 2, 2011 2:18am Jun 2, 2011 2:18am
Quoting Faller
Am I reading wrong....or is that article from 2009? What is your point?

this guy in the article said in 2009 when gold was at 950 that it will go down.
now in 2011 gold is at ~1500. so this 'expert' in the article was completely wrong. i guess that was what he wanted to show^^
  • #453,731
  • Jun 2, 2011 2:25am Jun 2, 2011 2:25am
Quoting suthmo
Hope someone is short on crude oil? It's going to 96.xx Dollar rally in 3 hours Eur bounce from 4280 to 4315 then on to 423x for the day. 4070 tomorrow?

Shorting crude? you know something I donīt?
rat
  • #453,732
  • Jun 2, 2011 2:28am Jun 2, 2011 2:28am
Quoting PayTheLimit
better to call it 4373/92...
Morning. Map is getting clear for NFP. Last FA is settling down. Extending bond maturities (a new delay on the Greek default) is a done deal to be confirmed in the next few hours putting dollar in the driver seat. Very bearish reports in the US with QE2/QE3 issues with the last reaction on stocks and treasuries make the picture very gloomy for the dollar in the next few weeks. A bad NFP will be definitively a trigger.

On the TA, H4 is turning around to the upside flirting to break back 1.439x but is trading in a inside bar (late Greece downgrade bar) in a inside bar (the last daily break point) ...lol. I am looking for a way out on the remaining shorts before NFP if it doesn't break 1.428x today (Doesn't look good for now) ...

In simple words next H4 rejection of lows above 1.428x and I am out and depending on price I may consider longs just for NFP. Obviously clean break 1.439x is a clear sign to close all shorts without further confirmation.

We'll see and good luck today.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #453,733
  • Jun 2, 2011 2:29am Jun 2, 2011 2:29am
Quoting suthmo
Hope someone is short on crude oil? It's going to 96.xx Dollar rally in 3 hours Eur bounce from 4280 to 4315 then on to 423x for the day. 4070 tomorrow?
Gold is not budging. as long as it never drops of a cliff the euro wonīt.
Euro is not particually that strong going up but it is gradually going up each week now.
Crude is at a good level if there is any positive signs in the next 48hrs Ill be going long again to hold.
rat
  • #453,734
  • Jun 2, 2011 2:30am Jun 2, 2011 2:30am
I expected EU at 1,4460 today, because in the U.S. will be runing a string of negative economic data, and GU about at 1,6480 for me resistance about 1,632 is quitly strong, we will see Good Luck for all
  • #453,735
  • Jun 2, 2011 2:33am Jun 2, 2011 2:33am
Quoting sisse
Morning. Map is getting clear for NFP. Last FA is settling down. Extending bond maturities (a new delay on the Greek default) is a done deal to be confirmed in the next few hours putting dollar in the driver seat. Very bearish reports in the US with QE2/QE3 issues with the last reaction on stocks and treasuries make the picture very gloomy for the dollar in the next few weeks. A bad NFP will be definitively a trigger.

On the TA, H4 is turning around to the upside flirting to break back 1.439x but is trading in a inside bar (late Greece downgrade...


Thank you Sisse, very god analysis :-)

Best to you,

Markus
  • #453,736
  • Jun 2, 2011 2:38am Jun 2, 2011 2:38am
Just for now.
After nfp its a different story, less focus on greek, they are getting backed - at least for now. us problems are getting into spotlight again.
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  • #453,737
  • Jun 2, 2011 2:40am Jun 2, 2011 2:40am
Quoting infinitus
Thank you Sisse, very god analysis :-)

Best to you,

Markus
Thanks Markus, What is your wave view for the moment?

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #453,738
  • Jun 2, 2011 2:41am Jun 2, 2011 2:41am
Quoting Larseg
I think I am closing it here, not good to be too greedy either...

Lets see if we can get it higher up again...

And then we are in for a nice dive I reckon....

  • #453,739
  • Jun 2, 2011 2:42am Jun 2, 2011 2:42am
Quoting sisse
Morning.

sisse
Morning mate, might look for a short play against this resistance for a chance at 4262, but that seems like a longshot at this point. Not sure if there is an upside play for me, maybe a push through 4420 opens a chance at the highs again and 4500, not to keen on that play.Agree with you on the NFP trigger, especially with the proximity of such an important area (4454), could very well set the tone for the next major leg. Good luck, hope you squeeze some more pips out of those shorts, PTL
Look Sharp/Trade Tight
  • #453,740
  • Jun 2, 2011 2:44am Jun 2, 2011 2:44am
Quoting sisse
Morning. Map is getting clear for NFP. Last FA is settling down. Extending bond maturities (a new delay on the Greek default) is a done deal to be confirmed in the next few hours putting dollar in the driver seat. Very bearish reports in the US with QE2/QE3 issues with the last reaction on stocks and treasuries make the picture very gloomy for the dollar in the next few weeks. A bad NFP will be definitively a trigger.

On the TA, H4 is turning around to the upside flirting to break back 1.439x but is trading in a inside bar (late Greece downgrade...
superb analysis...
thanks for sharing
Patience, Emotion Control and Discipline.
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