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  • #463,421
  • Jun 15, 2011 3:57pm Jun 15, 2011 3:57pm
Awesome...then we are in accord....I was leaning this way...great past few days for sure

Quoting infinitus
Here is my actual count on a 240min chart. For me this is a beauty of a wave 3 of a higher degree. Panic pure without much of a retracement.

See here:
  • #463,422
  • Jun 15, 2011 4:00pm Jun 15, 2011 4:00pm
Quoting Gleneagles
Are you using your left hand now?
right...
Look Sharp/Trade Tight
  • #463,423
  • Jun 15, 2011 4:02pm Jun 15, 2011 4:02pm
Quoting AllyB
downloaded ... got to take a break here so i can be either drunk or bright eyed for asia. this crown royal taste awfully good though
take a break, enjoy your drink.
  • #463,424
  • Jun 15, 2011 4:02pm Jun 15, 2011 4:02pm
Quoting Venice
This is where it is at. A lot of people should learn from this statement.

Don't try and catch tops or bottoms, just grab a chunk of the middle of the movement. Makes for a much smoother trading experience. lol
Much smoother equity curve as well..at least for me.
" Never let the past hold the future to ransom "
  • #463,425
  • Jun 15, 2011 4:03pm Jun 15, 2011 4:03pm
Your cyan (blue) 4....I would believe that to retrace 38.2?% of the wave 3....1.423 area maybe? Thats where I was going to start looking at PA to determine if shorts could be laid....thoughts?

Quoting infinitus
Here is my actual count on a 240min chart. For me this is a beauty of a wave 3 of a higher degree. Panic pure without much of a retracement.

See here:
  • #463,426
  • Jun 15, 2011 4:04pm Jun 15, 2011 4:04pm
Quoting 10piptrade
Price came within 3pips of stopping me out, but fled, waiting on a hour close and open above 1.4184 to confirm 3hr Ma break once it occur look for 6hr breah which current comes in at 1.4205-6.
ok the hour as open but still waiting on a confirmation of a break of the 3 hr MA which would signal the 6 hr MA into play at 1.4191
Following the current trend
  • #463,427
  • Jun 15, 2011 4:05pm Jun 15, 2011 4:05pm
going for a nap, target 7hrs....gl, PTL
Look Sharp/Trade Tight
  • #463,428
  • Jun 15, 2011 4:08pm Jun 15, 2011 4:08pm
go chow...wife cooking a prime rib.....yum!



Quoting needpips
shorted at 1.4181...off the pennant....looking for 1.41 at least
  • #463,429
  • Jun 15, 2011 4:09pm Jun 15, 2011 4:09pm
Quoting needpips
I got a TIGHT SL....kinda throwing it c'ing if a minor 5th will evolve....based on the 5 min MACD, it looks like its want one more 60-70 pip leg lower....Im not sure, but thats Y the tight Stop.....

By the way...have u updated your blog? Im curious as to if u believe 1.49xx was a top?
Hi Needpips,

if my actual count is right, the recent retrace (up) should not exceed 4200, would like it around 4190 (mid of orange wave 3).

OK, based on this latest analysis a short at your level seems OK, maybe place a stop at 4192. I think it will make a new attempt in direction of 4190 (looks like an ending diagonal). Will short there too and close my small long scalp.

49xx is my actual top. You can see it on my blog. It is the second last entry with a long and short term view.

Good luck,

Markus
  • #463,430
  • Jun 15, 2011 4:10pm Jun 15, 2011 4:10pm
Quoting PayTheLimit
v nice indeed...here is my weekly/monthly...
I will look for addition at the boxes there which match your levels quite nicely.

Attached Image
  • #463,431
  • Jun 15, 2011 4:13pm Jun 15, 2011 4:13pm
Quoting ericevridge
doin' very well. just recovered from last night's debauchery. waiting and watching these levels. if it breaks 4184-86 area on h1 close, i should be sittin' pretty. how are you? good trades last night/today?
I am good actually waiting on those same # on a buy trade to see wher Pa take us but not a confirmation as yes already move my stop to break even, the trade was currently up by 1.6% but will not lock it in yet untill i see a break or stop out. and breach of the 3 hr down as taken place but need a hour close and open below 1.4155 to confirm. as always will valuate by 5pm Eastern
Following the current trend
  • #463,432
  • Jun 15, 2011 4:16pm Jun 15, 2011 4:16pm
Quoting needpips
Your cyan (blue) 4....I would believe that to retrace 38.2?% of the wave 3....1.423 area maybe? Thats where I was going to start looking at PA to determine if shorts could be laid....thoughts?
Yes, that may happen. I placed it in the area of the wave 4 of one lesser degree, but I think it will run up to 422-423 easily.

What I hate in my count is the high number of 1-2's. Most of the time such a count is wrong, but I do right now find no other count that would fit with momentum analysis.
  • #463,433
  • Jun 15, 2011 4:21pm Jun 15, 2011 4:21pm
Quoting IMARICH1
Hate to say it Gator......but I hope you are not correct on this LONG as I have a SHORT at 4188 and have been sitting on it as I had a TP at 4110.............was looking for one more leg down before a retrace if you look at my last post with fork analysis....

Goodluck to ya though....of course, I am the one who may need it...
no biggie.. if 4150 goes your safe.. i figured on a little bounce till the day rolls for a atr reload. using 00est.
those who can, do. those who cant, talk about those who can
  • #463,434
  • Jun 15, 2011 4:22pm Jun 15, 2011 4:22pm
I always enjoy your analysis....thanks for the help....as always....green pips to ya!

Quoting infinitus
Hi Needpips,

if my actual count is right, the recent retrace (up) should not exceed 4200, would like it around 4190 (mid of orange wave 3).

OK, based on this latest analysis a short at your level seems OK, maybe place a stop at 4192. I think it will make a new attempt in direction of 4190 (looks like an ending diagonal). Will short there too and close my small long scalp.

49xx is my actual top. You can see it on my blog. It is the second last entry with a long and short term view.

Good luck,

Markus
  • #463,435
  • Jun 15, 2011 4:23pm Jun 15, 2011 4:23pm
Quoting gatorinla
no biggie.. if 4150 goes your safe.. i figured on a little bounce till the day rolls for a atr reload. using 00est.
looking for specific places to reload shorts?
  • #463,436
  • Jun 15, 2011 4:24pm Jun 15, 2011 4:24pm
Quoting Derwood
I've watched this thread long enough to give you a decent answer.

Best:
Cloggie, T@rantula, gator, red, sisse, pipchick, wormboy

Worst: TalentFX.
He took most of his trades so far underwater that even the Russian Mir subs gave up looking for him.


Other Advice:
Be extremely weary of new traders with low post count who's screen name indicates success in trading. They usually post demo charts showing fantastic results. These characters never last long and are usually outed for commercial interest or they just come unglued at some point.

When...

Thank you Derwood! I hope one day my name will be among those names that you have mentioned above.
aka honcho
  • #463,437
  • Jun 15, 2011 4:24pm Jun 15, 2011 4:24pm
http://www.zerohedge.com/article/cha...panish-10-year

Charting Key Breakdown Levels In The EURUSD, The S&P, The VIX And The Spanish 10 Year
  • #463,438
  • Jun 15, 2011 4:24pm Jun 15, 2011 4:24pm
Quoting PayTheLimit
going for a nap, target 7hrs....gl, PTL

what's the SL ?
  • #463,439
  • Jun 15, 2011 4:28pm Jun 15, 2011 4:28pm
Quoting infinitus
http://www.zerohedge.com/article/cha...panish-10-year

Charting Key Breakdown Levels In The EURUSD, The S&P, The VIX And The Spanish 10 Year
nice link Marcus ... thanks for sharing
  • #463,440
  • Jun 15, 2011 4:31pm Jun 15, 2011 4:31pm
drooling over that...

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