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EURUSD

  • #522,081
  • Aug 13, 2011 2:34am Aug 13, 2011 2:34am
sup
  • #522,082
  • Aug 13, 2011 2:54am Aug 13, 2011 2:54am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=398
  • #522,083
  • Aug 13, 2011 3:44am Aug 13, 2011 3:44am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=396
  • #522,084
  • Aug 13, 2011 4:57am Aug 13, 2011 4:57am
Quoting clc4x
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=396
Is this ment to be funny?
I dont find it to be so thanks!
rat
  • #522,085
  • Aug 13, 2011 5:16am Aug 13, 2011 5:16am
Quoting Magix
That is exactly what it would be. The retailers gap.

........................

I will drop down last weeks chart for you, with examples of what I see and the reasons that I respect these levels. For me, this just reassures me the reason to continue to watch what I watch...for others, may not be the same.

And again, as far as the gapo convo goes...let that sleeping dog lie...

Thanks for your explanation and revealing chart, much appreciated.

(BTW I never met the man online, but I also learned a lot from Mike, particularly his daily reversals)
  • #522,086
  • Aug 13, 2011 7:20am Aug 13, 2011 7:20am
Quoting Magix
m
AD
Attached Image (click to enlarge)
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  • #522,087
  • Aug 13, 2011 7:51am Aug 13, 2011 7:51am
Quoting ikdenk
(BTW I never met the man online, but I also learned a lot from Mike, particularly his daily reversals)
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #522,088
  • Aug 13, 2011 8:58am Aug 13, 2011 8:58am
good ay to u all.i'm a newbie in the forex world and would want to know more.plz can some u explain to me how to read the info on this site.how do i know which currencies to trade against the single currencies given on the site.currencies are quoted in pairs but this currencies are quoted single.plz my challenge is how do i know which currency to trade against the quoted currency on the site..i would appreciate detailed answers to my email
  • #522,089
  • Edited Aug 14, 2011 7:35am Aug 13, 2011 9:01am | Edited Aug 14, 2011 7:35am
eur/usd ....

i am posting 2 charts of E/U for the prediction for the next 6 to 9 weeks.

i dont have to say much in words as my charts will explain it all.

i do expect this rangebound to contniue for the next 6 to 9 weeks - max (might be earlier ) before we finally breakout north and expect a final push to 1.5030 +- and TOPP -possibility that the breakout wont be clean and ping ping to 1.5030 and form a weekly TOPP -

this is clearly an annoying bullflag that last forever

i do expect a minor top inside the flag @ 1.4480/00 coming sessions and MAX low @ low 1.39's .

stay focused .

my recommendation: if you can : stay away from eur and moved to aus/usd until eur complete the flag .

aus. should drop much more coming sessions - expectiing lows of 0.92-0.96 while eur stuck between 1.45/1.39

pssst... 1.5030 is not just any number ! sellers will wait there



possibility that both pairs will drop like stones during 2012-2013

GL

G-
  • #522,090
  • Aug 13, 2011 9:21am Aug 13, 2011 9:21am
hi magix are you from philippines? im from paranaque! i saw your post on how to fund oanda thread!
Attached Image
not a single pip can escape my sharingan!
  • #522,091
  • Aug 13, 2011 10:15am Aug 13, 2011 10:15am
I have 1.4938 as the top of this triangle that is now almost complete (seen in purple on graph). If you follow Gann, the 360 cycle of 1.4938 is 1.3432.

You can also see on August 10th it hit the top of the triangle, dropped then bounced from the bottom of the triangle. It hit the top down trend line from this move then pushed through the triangle. At this point it bounced above the trend line, and I remember a few tried fading this. However, it found support on the Second downward trend line and is now following an upward move from the large break of the triangle. Which puts us at August 12th.

http://i473.photobucket.com/albums/r...6/chart1-2.png

Consensus: Bearish

It has no yet broken the top of the triangle although it has come close, the move up we are seeing is purely based on the move to 1.4100 and I consider it another bounce. Next week we might see it follow this trend line to the top of the triangle again at 1.4340. At this point it will continue the flow and push further down. This new down move will finish off the triangle and start a downward trend to 1.3432. But I will be targeting 1.38 first then 1.35.
  • #522,092
  • Aug 13, 2011 10:52am Aug 13, 2011 10:52am
Quoting needpips
Some downside then the resuming up

Attachment
I read Sid's interpretations on www.elliottwavepredictions.com (the source of your chart btw) frequently. What do you make of his discussion/thoughts about the unfinished top-formation?
  • #522,093
  • Aug 13, 2011 10:56am Aug 13, 2011 10:56am
Quoting saint cosmas
good ay to u all.i'm a newbie in the forex world and would want to know more.plz can some u explain to me how to read the info on this site.how do i know which currencies to trade against the single currencies given on the site.currencies are quoted in pairs but this currencies are quoted single.plz my challenge is how do i know which currency to trade against the quoted currency on the site..i would appreciate detailed answers to my email
No idea what you are trying to accomplish....
  • #522,094
  • Aug 13, 2011 11:53am Aug 13, 2011 11:53am
Here's my outlook for the first part of next week. Be Happy.
Attached Image (click to enlarge)
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  • #522,095
  • Aug 13, 2011 12:27pm Aug 13, 2011 12:27pm
Quoting nAVIN2007
Hi Nav. All quiet again on the streets at night?
  • #522,096
  • Aug 13, 2011 12:44pm Aug 13, 2011 12:44pm
The Police have kicked these holigans into touch !
rat
  • #522,097
  • Aug 13, 2011 12:49pm Aug 13, 2011 12:49pm
Enough brain damage caused in one week. See you boys and it after holiday. Lol.
  • #522,098
  • Aug 13, 2011 12:57pm Aug 13, 2011 12:57pm
remember next week there will be

Rat's wallet expansion trading open.
rat
  • #522,099
  • Aug 13, 2011 1:11pm Aug 13, 2011 1:11pm
Musica http://www.trance.fm/#/home.html
  • #522,100
  • Aug 13, 2011 1:24pm Aug 13, 2011 1:24pm
Quoting nAVIN2007
yeah seems so buddy..police are much more and i think the sentences are something making the youngsters think twice..or they just trying to catch police of guard

guys like this cannot be to hard to catch..lol
Hehehe...

Yeah, couldn't imagine it would take too long to catch that lad...at least I hope!

Good its getting back to normal. Heavy sentences are a good thing. Tough thing to balance. I think they actually did a pretty good job, in hindsight. I guess you have to let the pressure release from a valve in the safest means possible. Had they gone in heavy up front, it could have made it far worse through escalation...like throwing water on an oil fire. Coming down heavy on the back end is sensible...and just.

I saw an article where China was doubting London's ability to keep the Olympics safe after what they recently saw. I can't help but think that that will be dealt with on a completely different level, though. These riots were homegrown. With the Olympics, you're inviting the world into your home; if shit gets out of line, I would say it will be dealt with rapidly using any tools necessary...be they plastic, or metal.

Cheers mate...take care.
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