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EURUSD

  • #470,641
  • Jun 23, 2011 11:10am Jun 23, 2011 11:10am
Gator,

Looks like you had a better play on this.....your were right on the BULL completion of 4174.x.....

I'm on sideline and will wait for bounce to finish before I re-enter....did another fork Short term and it I have MTL around 4186 level and I have R at 4184...may SHORT here
  • #470,642
  • Jun 23, 2011 11:10am Jun 23, 2011 11:10am
...make what you will of this chart...a range bound trade opportunity or little blue boxes tihihi...but i think there might be something of a case for the eur here..but if those support levels are broken...well its adios to the eur...but then again that's imho!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 31 KB
Guard your pips jelously
  • #470,643
  • Jun 23, 2011 11:11am Jun 23, 2011 11:11am
waiting 4189
  • #470,644
  • Jun 23, 2011 11:13am Jun 23, 2011 11:13am
Quoting gatorinla
i was thinking 4176... but looks like you did it. so far 71
the bad thing about 4176 is i get #1 bull completion at 4174.9.. if it holds as a resistance at the first attack... then is later attacked and broken... i would look for bull #2
4171.1 is the mid for#2 lm 4165.9 and the um 4176.5
#2 would be 4215..
hey i still got 83.6 85.8 as a resistance.
those who can, do. those who cant, talk about those who can
  • #470,645
  • Jun 23, 2011 11:13am Jun 23, 2011 11:13am
Quoting needpips
42 gallons*4.2mil barrels=176,400,000 gallons
.
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The Thief of Wall Street
  • #470,646
  • Jun 23, 2011 11:14am Jun 23, 2011 11:14am
Quoting infinitus
Hi Sisse,

all TF's here all over the place :-)

On 4h I can count 1-2-3-4-5 for wave 1, then 1-2-3-4-5 (now in wave 5) for wave 3.

6h chart is nice: have a wave 1 and 2, then 3 bars down (1-2-3-4-5) for wave 3. But on 6h TF the bar has to run 2:20h (part of that can be consumed to build wave 4)

We have seen an ending diagonal, this is only in the 5th wave position of an impulse possible (besides occurence in corrective pattern like C-wave).

The hourly TF is hard to count, but highest momentum was just 1-2 hours ago

So I will go for a 4th wave.

But...
My knowledge is very limited in EW so I can only give you my 2 cents and my general "wave" view.

Choosing H4 as TF (why use so many uncorrelated TF? I would get lost in translation with H6/H4/H1 combo but thats me). As we agree before the move in the morning (1.428x) the last wave was the powerful 3 (and is 100% confirmed and clearly see in our charts now) that is flirting to end soon (H4 rejecting lows).

However just my 2 cents will be to wait until price breach a red candle bar high (or a breach of a green candle high that rejected the last candle low like the one is forming now) before you start counting a new wave (in simple words wait for a swing low to be confirmed before you mark a new wave).

That avoids jumping the gun but obviusly 1 every 100 times you may miss the move in a sudden spike/news or a panic/mania trend but it definitively worth doing it.

Only when that wave 4 up is confirmed (plenty of time), it would be a time to start looking for trigger areas (areas not triggers) for that final wave 5 (I don't use EW so you can keep doing this until it break to HH and HL, etc) in my view 1,418x (daily S tested and breached today) with at first glance a trigger on H4 rejection around the +/- 1.421x / 1.418x range but is still early and it will depend on today close and obviously on H4 at that level.

sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #470,647
  • Jun 23, 2011 11:15am Jun 23, 2011 11:15am
Quoting gatorinla
i was thinking 4176... but looks like you did it. so far 71
the bad thing about 4176 is i get #1 bull completion at 4174.9.. if it holds as a resistance at the first attack... then is later attacked and broken... i would look for bull #2
hey gator...

can you tell me how do you know that bull will be completed at 1.4174?

I want to learn this...
  • #470,648
  • Jun 23, 2011 11:17am Jun 23, 2011 11:17am
67.5 is a little support.. it may bring 85.8
those who can, do. those who cant, talk about those who can
  • #470,649
  • Edited 11:41am Jun 23, 2011 11:19am | Edited 11:41am
Made another few small improvements in the label
management - better control over placement and font size
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  • #470,650
  • Jun 23, 2011 11:20am Jun 23, 2011 11:20am
Quoting AllyB
and you better believe i will be bright eyed and bushy tailed ready to kick butt tomorrow for the London open and also Asia tonight.

did 4 trades and had one loser but overall i took advantage of what i had to work with. did you take any more trades? aren't the dustbin traders doing great!! you should feel good about that, I do
Just one +12 on my " beer money " account... some really smart trades for sure...motivates me and keep me on my toes
" Never let the past hold the future to ransom "
  • #470,651
  • Jun 23, 2011 11:20am Jun 23, 2011 11:20am
Short at 1.4170. TP at 1.4148, SL at 1.4185.
  • #470,652
  • Jun 23, 2011 11:23am Jun 23, 2011 11:23am
made just 13 pips it's too much straggle on small TF see you all later
  • #470,653
  • Jun 23, 2011 11:26am Jun 23, 2011 11:26am
Offengestanden ... there is not that much to count for me ...

I would like to say this has been one move only ...

Direct move down ... a real sell off activity ...

One of the rare single move directions without any much corrective actions ... and it went lower than I did expect ... that's for shure ... allemal ...

This one is the first significant step possibly ... then we can start to count (meinetwegen) ...

Eine gute Seite hat es jedoch ... nicht so ganz viele "FATZKEN" heute im KIOSK ...




;-|
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2011-06-23_18h14_ EURUSD _ min015 _ (2Dy) candle + TL + MA.PNG Size: 32 KB
Click to Enlarge Name: 2011-06-23_18h14_ EURUSD _ min020 _ (2Dy) candle + TL + MA.PNG Size: 28 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #470,654
  • Jun 23, 2011 11:26am Jun 23, 2011 11:26am
Quoting Gleneagles
Just one +12 on my " beer money " account... some really smart trades for sure...motivates me and keep me on my toes

today I 5 x 12 and 1 x 1


:-) thank you glen !
  • #470,655
  • Jun 23, 2011 11:31am Jun 23, 2011 11:31am
Quoting Kowalczyk
Short at 1.4170. TP at 1.4148, SL at 1.4185.
Took profit at 1.4167 because of a dojo on the 5m chart. Long at 1.4167.
  • #470,656
  • Jun 23, 2011 11:32am Jun 23, 2011 11:32am
Quoting wallstreet03
today I 5 x 12 and 1 x 1


:-) thank you glen !
you still have to pull the trigger
you still have to pull the trigger tomorrow
you still have to do it consistently

but .....looking good
" Never let the past hold the future to ransom "
  • #470,657
  • Jun 23, 2011 11:37am Jun 23, 2011 11:37am
Quoting needpips
My family paid a high price so that I wouldn't have to learn German.

Now uv started some shite...LOL![/quote]



outch...
I don't trust any move - when you have profit...take it.
  • #470,658
  • Jun 23, 2011 11:37am Jun 23, 2011 11:37am
Inserted Video
  • #470,659
  • Jun 23, 2011 11:39am Jun 23, 2011 11:39am
Quoting Kowalczyk
Took profit at 1.4167 because of a dojo on the 5m chart. Long at 1.4167.
closed long position for a small profit.
  • #470,660
  • Jun 23, 2011 11:39am Jun 23, 2011 11:39am
Quoting Chicky
.

Chicky....what is your news source.....could you provide me with a link....thanks.
I don't trust any move - when you have profit...take it.
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