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  • #455,181
  • Jun 3, 2011 10:52pm Jun 3, 2011 10:52pm
Resistance is clearly at 1,4700-1,4900 (based on weekly chart)
Daily and weekly are showing bullish setups for sure....but if look at the monthly charts you can see it printed new lows for the month...

And that setup is in my book not good for longs..this month will decide if we keep going up or not...otherwise we could revisit 1,4000 and 1,3500.
COT: The precious data ignored
  • #455,182
  • Jun 3, 2011 11:01pm Jun 3, 2011 11:01pm
Quoting kuroro001
Resistance is clearly at 1,4700-1,4900 (based on weekly chart)
Daily and weekly are showing bullish setups for sure....but if look at the monthly charts you can see it printed new lows for the month...

And that setup is in my book not good for longs..this month will decide if we keep going up or not...otherwise we could revisit 1,4000 and 1,3500.

ya going to do in the mean time
  • #455,183
  • Jun 3, 2011 11:11pm Jun 3, 2011 11:11pm
of my thoughts

gold and eu


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  • #455,184
  • Jun 4, 2011 12:17am Jun 4, 2011 12:17am
Quoting kuroro001
Resistance is clearly at 1,4700-1,4900 (based on weekly chart)
Daily and weekly are showing bullish setups for sure....but if look at the monthly charts you can see it printed new lows for the month...

And that setup is in my book not good for longs..this month will decide if we keep going up or not...otherwise we could revisit 1,4000 and 1,3500.

Was looking at that myself (from 2009) 47-4900

I am pushing longs after pullbacks unless 1.4450 is breaking (50%) retracement.... this will change quickly next week I think...

Still plenty of shorts holding their position now so can be very interesting the next week...
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  • #455,185
  • Jun 4, 2011 12:18am Jun 4, 2011 12:18am
The general trend is up, however I think we will revisit 1.44 before another push upword towards 1.50 area. Important to know if the US will stop the QE by end of June or they will have QE3.
  • #455,186
  • Jun 4, 2011 12:20am Jun 4, 2011 12:20am
Quoting cohiba pips
ya going to do in the mean time
The same i've done the past few days....buying buying...and i will see how it reacts inside the 1,4700-1,4900 area
COT: The precious data ignored
  • #455,187
  • Jun 4, 2011 2:01am Jun 4, 2011 2:01am
Morning . so price end in a small mofu at a level having no allow retracement perhaps . price broke top , bottom both marginally , apparently a bear due expanding triangle , may even break if allowed towards 4553, 30 limit before continue up 4827 +, 4926 , 5000, 5143 & 5250 possible stop .so may long from any lows . anyway it has got time again if any show weekend elsewhere to change things , continued 5th extensions after extensions & hence may break at any levels for a good retracement if got any wind by chance .fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #455,188
  • Jun 4, 2011 2:09am Jun 4, 2011 2:09am
Quoting forexjam1
even plato knew
Beautiful one ...


2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #455,189
  • Jun 4, 2011 2:44am Jun 4, 2011 2:44am
Quoting Raza
Guess vincy is right so far...well I am still holding...from 1.3970.. 1.4715 is the MOFU of this move..

Now support is 1.4483...upto 1.4431-36....and the final 1.4293.

Looks like this one(wave) wants to test the untested resistence (4 hr) AT 1.4869- 72...( move is impulse so far)

After that 1.5030-57 ...1.55xx and 1.5775 is the limit( All are UNTESTED Resistence). 1.5769-78 is my favourite to sell the hell out of it!

Sorry Markus NFP spoiled the Bear...

Hi Raza,

hope all is well with you.

I have a hard time with your statement regarding the impulse. On higher TF's one is tempted to count an impulse, but try to count the waves on lower TF's. A lot of overlapping, wave 3's wich would be the shortest and so on.

When a wave looks as an impulse but structure is corrective it may most likely be a diagonal. But to get a diagonal here we would need to have a wave 1/4 overlap. That to happen price has to drop to at least below 420.

And I learned from Prechter recently, that Elliotticans way to often count diagonals, and they count it prematurely. He says, that you only should consider a diagonal, when you got the wave 4. Diagonals are very rare, therefore probability is against you when you try to figure a diagonal with only having waves 1-3. Most of the time those thought diagonals are in reality double or tripple X's.

Than we have a lot of overhead resistance now. What bothers me is, how easy the last supply zone was killed with one single 4h bar. But then again when we look in the internals of this bar on lower TF (eg 1h) we can see that this wave did not manage to plot highest readings in RSI or RSX.

But then again Awesome Oscillator leaves me wondering. Highest pressure on this last upmove. Well, that in the end can be said to be characteristic for the end of a C-wave. But who knows. We will have to wait and see.

Looking at the last few hours of trading on Friday (5min TF) there is a big chance that we have developed a barrier triagle here. Now in wave E down.
Wave E might run ideally to around 4615. The following thrust up is either very short or especially long in a manner of an extended fifth.

I can be wrong about that since the B wave of this triangle made a slightly new high and the following C-wave can also be counted as an impulse. We will see.

What shall I say: the bears are not dead right now. To early to do the bull dance :-)

The chart looks a little bit messy since there are a lot of information on it:

pitchfork channel, SR-levels, fibs

Hope you can find the information you need :-)


Best to you my friend and the others of the FF gang.

Have a nice weekend and enjoy your time. Life is short at the end......


Markus
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  • #455,190
  • Jun 4, 2011 2:54am Jun 4, 2011 2:54am
Would like to check the current DP.
Im having 1.4450 on Mt4.

Stumbled upon this duka link and it states 1.4576.
http://www.dukascopy.com/swiss/engli...etwatch/pivot/
  • #455,191
  • Jun 4, 2011 2:56am Jun 4, 2011 2:56am
Quoting infinitus
Hi Raza,

hope all is well with you.

I have a hard time with your statement regarding the impulse. On higher TF's one is tempted to count an impulse, but try to count the waves on lower TF's. A lot of overlapping, wave 3's wich would be the shortest and so on.

When a wave looks as an impulse but structure is corrective it may most likely be a diagonal. But to get a diagonal here we would need to have a wave 1/4 overlap. That to happen price has to drop to at least below 420.

And I learned from Prechter recently, that Elliotticans way to often...

Ohhhh ! ! !


Klasse ... schön beschrieben ... gut erklärt ...

Noch dazu ein Chart den man ohne Augenweh sehen kann ...




2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #455,192
  • Jun 4, 2011 3:22am Jun 4, 2011 3:22am
Quoting Leftie
Would like to check the current DP.
Im having 1.4450 on Mt4.

Stumbled upon this duka link and it states 1.4576.
http://www.dukascopy.com/swiss/engli...etwatch/pivot/
http://www.mypivots.com/calculators/...alculator.aspx
  • #455,193
  • Edited 4:33am Jun 4, 2011 4:01am | Edited 4:33am
Quoting infinitus
Hi Raza,

hope all is well with you.

I have a hard time with your statement regarding the impulse. On higher TF's one is tempted to count an impulse, but try to count the waves on lower TF's. A lot of overlapping, wave 3's wich would be the shortest and so on.

When a wave looks as an impulse but structure is corrective it may most likely be a diagonal. But to get a diagonal here we would need to have a wave 1/4 overlap. That to happen price has to drop to at least below 420.

And I learned from Prechter recently, that Elliotticans way to often...
Hello Friend, Thanks for all the valuable time spent in your post.( I understand there is a huge possibility for E/u 1.12xx.. level and beyond)

but from where?

..............x..................x..........................x.............................x...........................................x.......................................x

What can I say....Market will tell us this week...Bears are still alive and I must say 1.4940 is a tough one to break( weekly / Monthly chart)There is a reason for that from FIB prospective.

I have got many charts for good possibilities...But for now lets just stick to these from Our Friend...

Take it easy on those smaller timeframes.....J/K. move looks impulse...does not it? or is it some X.. of a ZIG-ZAG? Only 4 hr has a

reversal candle which closed as an evening star..right at the MOFU level on 1 hr tf( Mofu* COURTESY of GATORLINA..LOL..)

P.S as for 1.4940 is concerned ..called that few weeks back not on the forum.. but on SKYPE..JAYLOVIN is the witness...(970 pip move ..took it..stop was 1 pip...lol..)
Attached Image
Markets are not Random, they are designed!
  • #455,194
  • Jun 4, 2011 4:17am Jun 4, 2011 4:17am
Quoting fontu
Morning . so price end in a small mofu at a level having no allow retracement perhaps . price broke top , bottom both marginally , apparently a bear due expanding triangle , may even break if allowed towards 4553, 30 limit before continue up 4827 +, 4926 , 5000, 5143 & 5250 possible stop .so may long from any lows . anyway it has got time again if any show weekend elsewhere to change things , continued 5th extensions after extensions & hence may break at any levels for a good retracement if got any wind by chance .fontu
Hi Fontu
That lovely blue line maybe now come into play, although EU minor mofu added strength as corelating to other sync pairs MWD timeframes, AU Cable Geppy even Kiwi Bears are regrouping for fight, next week will be very interesting. If bears win will be violent I think maybe
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  • #455,195
  • Jun 4, 2011 4:18am Jun 4, 2011 4:18am
currently at reasonably significant chart res, possible gap through on light sunday liquidity, anticipated/potential pull back target @ 452x based on tl/channel sup and previous res (role reversal), prior to break on nfp data release...

pretty light economic docket moving into the new week, highlight being the ben bernanke tues pm, will be looking for clues regarding stance on further qe measures moving into the second half of the year...
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  • #455,196
  • Jun 4, 2011 4:33am Jun 4, 2011 4:33am
Quoting FibbinArchie
currently at reasonably significant chart res, possible gap through on light sunday liquidity, anticipated/potential pull back target @ 452x based on tl/channel sup and previous res (role reversal), prior to break on nfp data release...

pretty light economic docket moving into the new week, highlight being the ben bernanke tues pm, will be looking for clues regarding stance on further qe measures moving into the second half of the year...
Thanks Fibbin.A for the link!
Guess different brokers produce different DP reading due to feeds.
And was wondering why mine was different most of the time.
  • #455,197
  • Jun 4, 2011 4:38am Jun 4, 2011 4:38am
Quoting Leftie
Thanks Fibbin.A for the link!
Guess different brokers produce different DP reading due to feeds.
And was wondering why mine was different most of the time.
yep, it will be purely down to what time your broker's data feed closes the daily candle, mine is set to central european, ie. gmt +1, the pivots usually work well...
  • #455,198
  • Jun 4, 2011 4:42am Jun 4, 2011 4:42am
Quoting Chicky
1. European economic data not so good, but that of USA's no different.
2. New Greek aid package being prepared
3. Moody's Investors Service eyeing at US rating
4. Small (but high impact) increase in US unemployment rate
5. Euro moves 150 or so pips immediately after less than expected NFP (54K against expectation of 150K a night before) and unemployment going up from 9% to 9.1%.
6. The immediate reaction to nfp was up, but it came down only to test an immediate support and that too remained untouched. Then it again went up without looking back.
7....
Hi Chicky

NFP and 12hr build up was very inteesting
Watching EU AU Cable Geppy Oil Kiwi
4 ladies 1 driver 1 tramp
AU Cable Geppy Kiwi in sync leaning to bear EU rogue leaning to bull.
I sideline UE all night, when rogue girls a bitch
NFP AU Geppy Kiwi Oil drop off screen immediately no whip(awesome)
Cable retrace up through bear zone little realise ladie friends on train south and retreated hard
Eu skyrocket then realise shit only one heading north retrace back below bear zone
All ladies come into sync below bear zones at respective bull zones, together hop on train north, bull triggers everywhere, my bed time.

North Bull train very little respect bear zones 6 Bull triggers very rare

BUT I think bears regroup now for scrap, "big scrap" winner will be violent

After gap yada yada will watch scrap!

My view supported by all my posts in buildup, not retrospective

Happy pipping
If you are new to Forex? Say Goodbye to your account!!
  • #455,199
  • Jun 4, 2011 5:01am Jun 4, 2011 5:01am
worth an hour of your time imo...

http://connectpro58377496.connectpro...&pbMode=normal
  • #455,200
  • Jun 4, 2011 6:22am Jun 4, 2011 6:22am
  •  BaIdur
  • | Joined Apr 2011 | Status: Among the blind the oneeyed is king | 94 Posts
Quoting FibbinArchie
worth an hour of your time imo...

http://connectpro58377496.connectpro...&pbMode=normal
It was! Thank you!
i'm long n'till i'm short
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