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  • #2,821
  • Sep 12, 2011 9:11am Sep 12, 2011 9:11am
Yes, that's what I was saying in my post earlier on. If we break the 1.367 zone there may be more upside. If we can't keep above 1.3625 then down down down.

I'm flat atm as I'm getting mixed signals. I still see further downside more likely.



Quoting jaylovin
look at the white LTL on daily in the chart below... if it closes at above 1.3650... its trying to stay within its range...
  • #2,822
  • Sep 12, 2011 10:20am Sep 12, 2011 10:20am
If it closes above 1.3635-3639 we may have a long setup with stops at 3608. Lets see the 15m close
  • #2,823
  • Sep 12, 2011 10:27am Sep 12, 2011 10:27am
Quoting T@rantula
If it closes above 1.3635-3639 we may have a long setup with stops at 3608. Lets see the 15m close
I'm not buying it, just waiting for short setup....Fundamentals are too risky to play against it.

Seb
  • #2,824
  • Sep 12, 2011 10:47am Sep 12, 2011 10:47am
Quoting Flynchenberg
I'm not buying it, just waiting for short setup....Fundamentals are too risky to play against it.

Seb
yep but at least 15 pips you could have won. Nevertheless if you have achieved your daily target its good! Nothing to worry about then
  • #2,825
  • Sep 12, 2011 11:10am Sep 12, 2011 11:10am
Quoting T@rantula
yep but at least 15 pips you could have won. Nevertheless if you have achieved your daily target its good! Nothing to worry about then
I'm waiting for a downgrade of French banks. Just look at losses they made this month, week and today...

Moodys I guess. Or S&P...
Then mayhem....
No longs for me....

Seb
  • #2,826
  • Sep 12, 2011 11:11am Sep 12, 2011 11:11am
Hello all
Hope all is fine
  • #2,827
  • Sep 12, 2011 11:42am Sep 12, 2011 11:42am
Early Scalping 40 pip
Attached Image


And now Play With this position
Attached Image (click to enlarge)
Click to Enlarge Name: zz2.gif Size: 15 KB


Easy Pip in no time
  • #2,828
  • Sep 12, 2011 11:57am Sep 12, 2011 11:57am
closed a short from 1.3646 at 1.3594. taken a mini long from 1.3589.. SL 4 pips.. will move to BE as soon as possible..
  • #2,829
  • Sep 12, 2011 12:01pm Sep 12, 2011 12:01pm
Quoting egkid
Early Scalping 40 pip
Attachment

And now Play With this position
Attachment

Easy Pip in no time
Last position closed@3595
3587 looks there is some buyers
I was busy all day so not bad ++
  • #2,830
  • Sep 12, 2011 12:04pm Sep 12, 2011 12:04pm
Quoting jaylovin
closed a short from 1.3646 at 1.3594. taken a mini long from 1.3589.. SL 4 pips.. will move to BE as soon as possible..
Nice trade I like it, Looks there are some buyers @3587
  • #2,831
  • Sep 12, 2011 12:09pm Sep 12, 2011 12:09pm
I could b wrong but if 15 min close under 36 long b careful
  • #2,832
  • Sep 12, 2011 12:12pm Sep 12, 2011 12:12pm
Quoting egkid
Nice trade I like it, Looks there are some buyers @3587
yup... so far respected.. stops now at BE.. free trade... if it gives way then 1.3560 next.. no more trading today.. working on discipline... we may go as high at 1.3780 before dropping again... but i am not gonna bet on that one... bears have really shown some power in the past couple of weeks...

1.3780 is a max before bulls are back in the game for me
  • #2,833
  • Sep 12, 2011 12:15pm Sep 12, 2011 12:15pm
Quoting jaylovin
yup... so far respected.. stops now at BE.. free trade... if it gives way then 1.3560 next.. no more trading today.. working on discipline... we may go as high at 1.3780 before dropping again... but i am not gonna bet on that one... bears have really shown some power in the past couple of weeks...
Yep true
I smell nice set up later today
well will get nap and review my chart Later when 4h close
  • #2,834
  • Sep 12, 2011 12:24pm Sep 12, 2011 12:24pm
thank god for stops
  • #2,835
  • Sep 12, 2011 12:25pm Sep 12, 2011 12:25pm
Quoting egkid
Yep true
I smell nice set up later today
well will get nap and review my chart Later when 4h close
cool.. look forward to some more analysis
  • #2,836
  • Sep 12, 2011 12:32pm Sep 12, 2011 12:32pm
Strange Low Volume and bears get IN
Looks like Targeting 3535 , 3515
  • #2,837
  • Sep 12, 2011 12:37pm Sep 12, 2011 12:37pm
Quoting egkid
Strange Low Volume and bears get IN
Looks like Targeting 3535 , 3515
Okay no harm to try this sell@3583 Sl 3590 tp 3535 , 3515
  • #2,838
  • Sep 12, 2011 12:44pm Sep 12, 2011 12:44pm
Quoting egkid
Okay no harm to try this sell@3583 Sl 3590 tp 3535 , 3515
Chart and my trade
Attached Image (click to enlarge)
Click to Enlarge Name: zz3.gif Size: 12 KB
  • #2,839
  • Sep 12, 2011 12:45pm Sep 12, 2011 12:45pm
Quoting Raza
Good numbers..Markus.

Question is how far up the limits it can go to see the numbers Below?

What is your resistence level other than 1.3730...

can it go below more and if so how far is the limit?

What if this 3 of 3 may be is extended 5 C wave not A.... counting from 1.4549.


Hello Raza my friend,


sorry for answering so late. Was working and had trouble with my Notebook :-(

From what I see now the subwave 5 I was waiting for never materialized.

Therefore I think 3551 on 09.09.2011 was the end of a 3 of 3 of 3, and now we are in wave 4 of 3 of 3. Maybe this wave 4, which counts best as an ABC expanded flat was finished at 3693

This count is invalidated with movement above 3874

3730 had two reasonings:

a) it is the lower channel line of the first base channel

b) it would have been kind the heart of the 3 of 3 of 3

To the lower side there are literally no limits, since we can extend and extend and extend (surprise: behavior of a wave 3 - really brutal, relentlessly)

Therefore it is important to NOT try to catch a bottom (without confirmation). If you plan so, keep SL super tight at S/R-lines.

But the rule of thumb is: do not fuc! around with wave 3's of this magnitude.


Regarding your C-wave proposal:

Everyone and their dogs thought about > 1.50 (either in ABC-Counts or in impulsive counts)

Everyone and their dogs were/are? highly bullish, with sentiment readings far above 90% for EUR. In their view the USD was doomed due to "printing". But they did not see the forest for the trees with bankrupt countries looming in Europe. Perfect scenario for wave 2 end and start wave 3 scenario.

We will see.

Due to the corrective mess we are in since moths I will not rule out a single alternative EUR bullish count, but with reality setting in in my beloved Europe it is hard to imagine how social mood could take another turn right now.


Keep care and best to you,


Markus
  • #2,840
  • Sep 12, 2011 2:56pm Sep 12, 2011 2:56pm
Nice DT forming on H1 on USDX, failure to retest 77.9, if we break 77.1 (neckline) we may see the long awaited retrace on EUR/USD.
I closed all my shorts in the green today, waiting for a good place to reload short.
We needed a little bit of news to get things moving
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