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  • #2,881
  • Sep 13, 2011 7:18am Sep 13, 2011 7:18am
I wouldnt be long now,, unless price gets over 3647 with 5M close.
born to speculate
  • #2,882
  • Sep 13, 2011 7:31am Sep 13, 2011 7:31am
Quoting aligater
I wouldnt be long now,, unless price gets over 3647 with 5M close.

3685 i have... looks like a visit back down to 3622 later as well if 3685 doesn't break
  • #2,883
  • Sep 13, 2011 7:52am Sep 13, 2011 7:52am
GUYs stick to trading pls. Any question or suggestion PM me or Black Widow.

ONLY PM

Thanx
  • #2,884
  • Sep 13, 2011 8:00am Sep 13, 2011 8:00am
Quoting T@rantula
GUYs stick to trading pls. Any question or suggestion PM me or Black Widow.

ONLY PM

Thanx

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  • #2,885
  • Sep 13, 2011 8:11am Sep 13, 2011 8:11am
Quoting infinitus
Hi Seb,

very nice count :-)

Regarding our wave 4 now:

maybe we have now a triangle, maybe finished at 3709

Hmmm, we will see.
HI,

I'm still waiting for wave 5 to develop.

As I said before, because wave 2 was simple ABC correction, wave 4 should be complex correction.
So far we got ABCDE triangle. If it is, then wave 4 might have been finished @ 1.3709 (E) and now we should develop wave 5. This count is void if we break 1.3550. Then wave 5 could extend to 1.3440 min and 1.3400 max in simple 5 wave impulsive action. For ending diagonal wave 5 the levels are much more lower. Especially if (when) Greece will default.

Green pips,
Seb
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  • #2,886
  • Sep 13, 2011 8:46am Sep 13, 2011 8:46am
Quoting egkid
R:R = 1:3
chart

PS: I'm @ work so i try take trade fast and post faster
Still in my trade
15 min and 1h try to close bullish IF so then US session expecting to b bullish
  • #2,887
  • Sep 13, 2011 8:47am Sep 13, 2011 8:47am
Quoting Flynchenberg
HI,

I'm still waiting for wave 5 to develop.

As I said before, because wave 2 was simple ABC correction, wave 4 should be complex correction.
So far we got ABCDE triangle. If it is, then wave 4 might have been finished @ 1.3709 (E) and now we should develop wave 5. This count is void if we break 1.3550. Then wave 5 could extend to 1.3440 min and 1.3400 max in simple 5 wave impulsive action. For ending diagonal wave 5 the levels are much more lower. Especially if (when) Greece will default.

Green pips,
Seb
Good analysis Seb...
Thanks for your hard work and effort..

Also Thanks Nav for you charting as always good work mate..

I want close al the previous chapters here...on this thread..
Let bygones be bygones...
We welcome all traders with our heart to trade with harmony...
Apologies to Mcsirpip if we have had any misunderstanding..

Good Luck all now lets get back to business..

Regards BW
Be sensitive to subtle differences between 'intuition' and 'into wishing.
  • #2,888
  • Sep 13, 2011 9:04am Sep 13, 2011 9:04am
Quoting Flynchenberg
HI,

I'm still waiting for wave 5 to develop.

As I said before, because wave 2 was simple ABC correction, wave 4 should be complex correction.
So far we got ABCDE triangle. If it is, then wave 4 might have been finished @ 1.3709 (E) and now we should develop wave 5. This count is void if we break 1.3550. Then wave 5 could extend to 1.3440 min and 1.3400 max in simple 5 wave impulsive action. For ending diagonal wave 5 the levels are much more lower. Especially if (when) Greece will default.

Green pips,
Seb


Hello Seb,

thank you for your view. Well appreciated. I see it the same way.

Let us talk later. Have to drive to Hamburg now. That is a 4-5h trip from where I am now.

Take care,

Markus
  • #2,889
  • Sep 13, 2011 10:12am Sep 13, 2011 10:12am
Hi,
1.3726 is 38% retracment of wave 2, so it is typical for price to finish ABCDE triangle and start to develop impulsive wave 5.

Slighty different pitchfork on chart:
Black one is regular one, blue one is Schiffs mod. Pitchfork.

Hope it helps,
Seb
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  • #2,890
  • Sep 13, 2011 11:39am Sep 13, 2011 11:39am
Quoting Flynchenberg
Hi,
1.3726 is 38% retracment of wave 2, so it is typical for price to finish ABCDE triangle and start to develop impulsive wave 5.

Slighty different pitchfork on chart:
Black one is regular one, blue one is Schiffs mod. Pitchfork.

Hope it helps,
Seb
Hi Seb,

Triangle may be not right. Look at 2h TF:

There we have a nice picture: A wave impulse, then B- wave as ABC-flat, now in C wave up (could be kind of ending diagonal (on lower TF's)
  • #2,891
  • Edited 12:35pm Sep 13, 2011 12:20pm | Edited 12:35pm
Quoting infinitus
Hi Seb,

Triangle may be not right. Look at 2h TF:

There we have a nice picture: A wave impulse, then B- wave as ABC-flat, now in C wave up (could be kind of ending diagonal (on lower TF's)
Do You mean 3-3-5 as a extended flat?

Seb
  • #2,892
  • Sep 13, 2011 12:29pm Sep 13, 2011 12:29pm
Quoting Flynchenberg
Do You mean 3-3-5 as a extended flat?

Seb
All flats are 3-3-5

expanded flat = 3-3-5, where the c-wave ends far beyond the end of the A wave

running flat = 3-3-5, where the c-wave ends below the end of the A wave


running flats are rare on higher degree waves. In this case the predominant trend is so forceful, that the correction wave is kind of dragged in the direction of the main trend.

Such a behavior can be seen in triangles too. They are then called skewed triangles. To count them is a mess......


Back to our B-wave flat: it would be a regular flat, since its C wave ends very near the end of the A-wave
  • #2,893
  • Sep 13, 2011 12:38pm Sep 13, 2011 12:38pm
Quoting infinitus
All flats are 3-3-5

expanded flat = 3-3-5, where the c-wave ends far beyond the end of the A wave

running flat = 3-3-5, where the c-wave ends below the end of the A wave


running flats are rare on higher degree waves. In this case the predominant trend is so forceful, that the correction wave is kind of dragged in the direction of the main trend.

Such a behavior can be seen in triangles too. They are then called skewed triangles. To count them is a mess......


Back to our B-wave flat: it would be a regular flat, since its C wave ends very...
I do not know how to count this structure in the middle.
Wave B it is... mess


Seb
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  • #2,894
  • Sep 13, 2011 12:57pm Sep 13, 2011 12:57pm
Quoting Flynchenberg
I do not know how to count this structure in the middle.
Wave B it is... mess


Seb
Looks very good to me

The C-wave of the B-wave is an expanded flat
  • #2,895
  • Sep 13, 2011 2:21pm Sep 13, 2011 2:21pm
Quoting infinitus
Looks very good to me

The C-wave of the B-wave is an expanded flat
Looks even better now...




Thx for help Markus.

Seb
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  • #2,896
  • Sep 13, 2011 2:40pm Sep 13, 2011 2:40pm
Quoting mercy seat
Well ... not really bullish ... but it is set in a limited recovery mode ... against yesterdays low at 1.3496 ...

Overall weekly trend has become bearish ...

Limited recovery is the name of this game !

Resistances to be visited again are seen around 1.3696 - 1.3722/ 49 zone and in case of an extention even 1.3782/99 - 1.3819 can be reached again ...

To be considered as a corrective consolidation action at first ...

Elliott counts up from 1.3496 with a projection at 1.3799...


Okay young traders ...

BE at 1.35681 LONG has been reversed at 1.37336 from our side ...



Quoting mercy seat
Yes ... that is very fine ...

Temporarily we had been loading more than 10 Mill on the long side ...

With BE a bit above 1.3571 ...

Unwinded bigger parts now here at around 1.3589 ...

Now BE is at 1.35681 LONG for the rest of positions left in the market ...

I will not watch it from now on anymore for a longer time ... as everything has been said already ...

Nothing changed ... therefore no reason to watch out with too keen eyes ...

See you later .... after some major move has been done ...



Palim...

As promised ... I see you later after major move has been done ...

"Resistances to be visited again are seen around 1.3696 - 1.3722/ 49 zone ..."

And we did have seen that 1.37394 has been highest on BID with mine ...

Overall ... we have had cashed more than this whole move up and down ... as we did develop a new trading strategy and some new enhanced facillities in order to make our trading techniques much more efficient ...

And we do not multiply our pip-move results by numbers of stakes been taken for that ...

A realised "pip move" is a special thing which can be accelerated by some experience ... but you need then some years of trading experience ... I would say more than a decade or two ... to play a DNA-Looping-Symphony ...



Moreover we do not trade with "so-called" LOTS or something like that ... as we are married with this kind of trading since even those so-called LOTS and standardisations like that did not exist for a FOREX TRADER ...

Of course we can trade with lower leverage as well ... if needed or if wanted ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #2,897
  • Edited 2:14am Sep 14, 2011 1:27am | Edited 2:14am
hi,

Plays like a charm, hitting all propper Fib numbers.
Recently broke trend line, waiting for close .
As usual, brake below 1.3555 will void the count.
Brake below 1.3500 sets the target to min 1.3420.

More downside to come I guess.

Cheers,
Seb

EDIT: LO, even Commerzbank is with me: http://www.fxstreet.com/news/forex-n...9-fa3bff459644
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  • #2,898
  • Sep 14, 2011 2:06am Sep 14, 2011 2:06am
Technicals says we should go down. First stop for shorts is 3632 and final stop 3655. Possible target levels are 3560 > 3520>3480

If 3595 isnt touched in next few hours 3720 could be seen again.


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  • #2,899
  • Sep 14, 2011 2:30am Sep 14, 2011 2:30am
We are experiencing momentum switch.

Buy as close as to 3630-20. Stops around 3595. Targets 3720+
  • #2,900
  • Sep 14, 2011 2:31am Sep 14, 2011 2:31am
Yeah it's pretty doom and gloom again fundamentally too. Merkel/Sarkozy meeting again, conference call with Papandreu, French bank downgrades, China not keen on stepping in on bond purchases...
I'll be looking to short E/U around 1.37 and Aussie around 1.03
Don't get mad, get even!
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