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  • #545,221
  • Sep 29, 2011 6:57am Sep 29, 2011 6:57am
NY time price will climbing up to 1.3700
  • #545,222
  • Sep 29, 2011 7:03am Sep 29, 2011 7:03am
Hi,
According to my EW count we should complete wave A of ABC correction of big wave 2: grey rectangle area is typical 50-61% of retracement of a wave of lesser degree.
Now we should reterace like 50-61% of wave A blue, which is just below wave B of lesser degree area:50% is 1.3520, 61% is 1.3483.
However, if we break through 78% retracement of wave A we should seriusly consider signals that it is probably not a corrective wave B and the prior trend should continue. So the line in the sand is 1.3430. If we break through that means wave A blue is the top of fast and simple ABC correction of wave 2 and there is more downside to come.

Nevertheless, if 50 or 61% retracement holds, we might see an impulsive wave C that targets up to 1.3939 max. Break of this level means more upside to come.

Other wave C targets are:

in case of 50% of retracement of wave B - 1.3754 as 1.618%Exp

in case of 61% of retracement of wave B - 1.3777 as 1.618%Exp



Hope this elaboration help someone,

Seb
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-h1 ew.jpg Size: 128 KB
  • #545,223
  • Sep 29, 2011 7:09am Sep 29, 2011 7:09am
13620 I sell it with again tight sl and 25 tp, the 5m momentum is still down, 15m in the middle of consalidation inside trend

EDIT: I am sorry, I cant give my trade enter very early, I first enter, then after I start to write here down, after I enter and check at least all charts with diferent TF..but my prediction was again good, good to see that..
" Accepting losses is the most important single investment devise "
  • #545,224
  • Sep 29, 2011 7:13am Sep 29, 2011 7:13am
Quoting freedom48
13620 I sell it with again tight sl and 25 tp, the 5m momentum is still down, 15m in the middle of consalidation inside trend
nice i win 15 pips good
  • #545,225
  • Sep 29, 2011 7:18am Sep 29, 2011 7:18am
Quoting hadydodo
nice i win 15 pips good
ohh nice to hear that...
" Accepting losses is the most important single investment devise "
  • #545,226
  • Sep 29, 2011 7:25am Sep 29, 2011 7:25am
13635 buy, There is 5m good potential , 15-20 tp
" Accepting losses is the most important single investment devise "
  • #545,227
  • Sep 29, 2011 7:25am Sep 29, 2011 7:25am
I seriously think the 8:30am report coming few minutes after now will be positive to the dollar.

....
  • #545,228
  • Sep 29, 2011 7:31am Sep 29, 2011 7:31am
Quoting freedom48
13635 buy, There is 5m good potential , 15-20 tp
why I made this because 5m trend changes very fast and triggered very hard, also 15 m changed to green trend Heihen Ashi wave, lets see how that works entered twice 0.1 lots

still inside -15 sl, will left it open till its hit , its trigger very hard, something is placing, not a wonder before US
" Accepting losses is the most important single investment devise "
  • #545,229
  • Sep 29, 2011 7:32am Sep 29, 2011 7:32am
Anyone worked out who/what is propping the Euro?
By all logic/market forces the Euro should be lower, with out being too conspiratorial is someone actually buying it up?, or could it just be that Monday's bailout was paid for in $ - flooding the market.
  • #545,230
  • Sep 29, 2011 7:33am Sep 29, 2011 7:33am
Everything looks quite good for short

However,Trade Wisely
If there was easy money lying around,no one would be forcing it into your
  • #545,231
  • Sep 29, 2011 7:35am Sep 29, 2011 7:35am
Quoting freedom48
why I made this because 5m trend changes very fast and triggered very hard, also 15 m changed to green trend Heihen Ashi wave, lets see how that works entered twice 0.1 lots
Just under the resistance...quiet risky though
COT: The precious data ignored
  • #545,232
  • Sep 29, 2011 7:39am Sep 29, 2011 7:39am
Quoting kuroro001
Just under the resistance...quiet risky though

yes the risk is there, but pound is very fast growing can do it with € also
" Accepting losses is the most important single investment devise "
  • #545,233
  • Sep 29, 2011 7:41am Sep 29, 2011 7:41am
USD dollar index very bullish right now.

http://www.fxstreet.com/rates-charts...dex/?version=0
  • #545,234
  • Sep 29, 2011 7:43am Sep 29, 2011 7:43am
3630 short.
looking for investors . pm me
  • #545,235
  • Sep 29, 2011 7:48am Sep 29, 2011 7:48am
Quoting freedom48
why I made this because 5m trend changes very fast and triggered very hard, also 15 m changed to green trend Heihen Ashi wave, lets see how that works entered twice 0.1 lots

still inside -15 sl, will left it open till its hit , its trigger very hard, something is placing, not a wonder before US
ok I am not hitted moved the sl a little bit down..still good momentum to go up my total 0.2 lot are open, I have to go to bussinnes meeting, will close the metadrader when I am back I hope it hits my TP,, nice trades to all
trading buy from 13637
" Accepting losses is the most important single investment devise "
  • #545,236
  • Sep 29, 2011 7:50am Sep 29, 2011 7:50am
One would think since we were heading short and knocking at the door of 3600 This pro US news would send us thru...
  • #545,237
  • Sep 29, 2011 7:59am Sep 29, 2011 7:59am
Back , price still hanging there , though bull but seems panicked with bear coming & now trying mofu at top /extension again to hold bull status without enough retracement & take bold bull action . anyway this way it can go easily to 3714 ,ok but last time perhaps . watching more closely without much risks to be applied then . and overall bearish , next stop 3540,3481 possible if so. .
fontu
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Not understand?better not follow my analyses!doubt clearer first, risks ++
  • #545,238
  • Sep 29, 2011 8:03am Sep 29, 2011 8:03am
Quoting fontu
Back , price still hanging there , though bull but seems panicked with bear coming & now trying mofu at top /extension again to hold bull status without enough retracement & take bold bull action . anyway this way it can go easily to 3714 ,ok but last time perhaps . watching more closely without much risks to be applied then . and overall bearish .
fontu
i see now bearish bro
looking for investors . pm me
  • #545,239
  • Sep 29, 2011 8:10am Sep 29, 2011 8:10am
I'd be cautious with any shorts. The push is to go higher. It may not be on this try, but that's the direction. Make sure stops are in place.
  • #545,240
  • Sep 29, 2011 8:13am Sep 29, 2011 8:13am
Quoting kbmoonshinex
i see now bearish bro
i see rubbish,

shit in the bulls' & bear's pants

keepin' fingers crossed for bull, though
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