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  • #4,121
  • Oct 18, 2011 5:34am Oct 18, 2011 5:34am
Highest been aprox. 1.3694/96 after fresh LOW print at 1.3657 until now ...

Could give an extention later ... although 1.3657 has been our daily projection ...

See Elliott survey in TABLE ...

http://www.forexfactory.com/attachme...1&d=1318914523

Field AC50 and field AB61 ...

If crosses below 1.3604 (DPS-2) later ... which is possible (!) ... then good night bulls ... and hello to the bears ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,122
  • Oct 18, 2011 5:37am Oct 18, 2011 5:37am
EURUSD, Weekly, 2011 October 18
EURUSD, H4, 2011 October 18
EURUSD, H1, 2011 October 18

I am out with some shorts at DS1 1.3668

Be careful, please. The weekly could go up.

H4 at the bottom, H1 pos. divergence.

I prefere the scalping style at the moment (M1/M5) and only with a small part of the normal lot sizes (1/10-3/10).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, Weekly, 2011 October 18.jpg Size: 106 KB
Click to Enlarge Name: EURUSD, H4, 2011 October 18.jpg Size: 89 KB
Click to Enlarge Name: EURUSD, H1, 2011 October 18.jpg Size: 101 KB
  • #4,123
  • Oct 18, 2011 5:51am Oct 18, 2011 5:51am
Grüezi nach Züri!

Nice chart views ... and yes ... some possible divergence reactions there in hourly charts to be observed ...

Rrrright ...


;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,124
  • Oct 18, 2011 6:19am Oct 18, 2011 6:19am
Quoting mercy seat
Highest been aprox. 1.3694/96 after fresh LOW print at 1.3657 until now ...

Could give an extention later ... although 1.3657 has been our daily projection ...

See Elliott survey in TABLE ...

http://www.forexfactory.com/attachme...1&d=1318914523

Field AC50 and field AB61 ...

If crosses below 1.3604 (DPS-2) later ... which is possible (!) ... then good night bulls ... and hello to the bears ...



;-|


Hello Mercy,


1.3604 is a very crucical point, indeed, out of a channel or trendline perspective. Below free fall territory.

Keep in mind. This move down since monday is very very likely part of a wave 3. So I do not expect much from retracements to the upper side.

Since I have a fairly large short position from average 3907 I do not care much about small retracements and enter mainly in direction of mean trend (which is down). Once Mr. Prechter told me to not mess around with wave 3's by countertraiding :-)

Catch you later.

Best greetings from the nice Weissenburg,


Markus
  • #4,125
  • Oct 18, 2011 6:23am Oct 18, 2011 6:23am
Eyes on Gold.......

It is losing 1 channel and trend line after the other........
  • #4,126
  • Oct 18, 2011 6:29am Oct 18, 2011 6:29am
Quoting infinitus
Hello Mercy,


1.3604 is a very crucical point, indeed, out of a channel or trendline perspective. Below free fall territory.

Keep in mind. This move down since monday is very very likely part of a wave 3. So I do not expect much from retracements to the upper side.

Since I have a fairly large short position from average 3907 I do not care much about small retracements and enter mainly in direction of mean trend (which is down). Once Mr. Prechter told me to not mess around with wave 3's by countertraiding :-)

Catch you later.

Best greetings...
Markus,
Are You satisfy with my EW count?



Cheers,
Seb
  • #4,127
  • Oct 18, 2011 6:30am Oct 18, 2011 6:30am
Quoting infinitus
Hello Mercy,


1.3604 is a very crucical point, indeed, out of a channel or trendline perspective. Below free fall territory.

Keep in mind. This move down since monday is very very likely part of a wave 3. So I do not expect much from retracements to the upper side.

Since I have a fairly large short position from average 3907 I do not care much about small retracements and enter mainly in direction of mean trend (which is down). Once Mr. Prechter told me to not mess around with wave 3's by countertraiding :-)

Catch you later.

Best greetings...
Thank you for reply and participation nach Weissenburg!

Yes ... possibly a retracement limited to somewhat around 1.3711 (near-term pivot) or 1.3725/ 59 max. as an extention and not much more expected from my side atm ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,128
  • Oct 18, 2011 6:34am Oct 18, 2011 6:34am
Quoting Flynchenberg
Markus,
Are You satisfy with my EW count?



Cheers,
Seb


Hi Seb,

sorry for not answering earlier. I am in a hurry right now.

Your count is very good and looks like mine, but the move down since monday you have labeled as an ABC, that would mean, that your wave 2 is not over here and that you are looking for more upside.

I think wave 2 (up) is done and we are down in a very impulsive wave 3

Catch you later,

Markus


And thanks for sharing your count :-)
  • #4,129
  • Oct 18, 2011 6:53am Oct 18, 2011 6:53am
Careful guys, news are coming in 30 minutes time. Protect your positions or cash out.
  • #4,130
  • Oct 18, 2011 7:21am Oct 18, 2011 7:21am
We may be developing LONG setup. Ill post chart in 2 mins.

Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 82 KB
  • #4,131
  • Oct 18, 2011 7:33am Oct 18, 2011 7:33am
Quoting T@rantula
Careful guys, news are coming in 30 minutes time. Protect your positions or cash out.
Yes ... thanx ... cashed my longs from 1.3665 here and now at figure ...

2011-10-18 _ (14h27 CET) EUR-USD _ 015min _ 000 candle 300-500-30

Servers not good enough ... not a Western-German product ...



;-|
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-10-18 _ (14h27 CET) EUR-USD _ 015min _ 000 candle 300-500-30.GIF Size: 68 KB
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #4,132
  • Oct 18, 2011 7:36am Oct 18, 2011 7:36am
Goldman Sachs booked a loss in 3rd quarter
Good to know it's not all gold
  • #4,133
  • Oct 18, 2011 7:36am Oct 18, 2011 7:36am
Quoting mercy seat
Servers not good enough ... not a Western-German product ...

;-|
Well I must say that German products are really very reliable and top notch quality.
  • #4,134
  • Oct 18, 2011 7:37am Oct 18, 2011 7:37am
Quoting 2046
Goldman Sachs booked a loss in 3rd quarter
Good to know it's not all gold
whoopps...;/
  • #4,135
  • Oct 18, 2011 7:44am Oct 18, 2011 7:44am
Quoting T@rantula
We may be developing LONG setup. Ill post chart in 2 mins.

Attachment
  • #4,136
  • Oct 18, 2011 7:45am Oct 18, 2011 7:45am
Nice Double bottom...

confirmation for Bull @ 1.3723...if above, target 1.3783..(FIB RESISTENCE @ 1.3757)

4 hr looks promising for upmove.

Given 1.3656 holds ofcourse...and for down side 1.3641 wants to be tested if 1.3684 breaks.
Markets are not Random, they are designed!
  • #4,137
  • Oct 18, 2011 7:50am Oct 18, 2011 7:50am
Quoting Raza
Nice Double bottom...

confirmation for Bull @ 1.3723...if above, target 1.3783..

4 hr looks promising for upmove.

Given 1.3656 holds ofcourse...and for down side 1.3641 wants to be tested if 1.3684 breaks.
Correct levels. Yes we have a chance for more up. Invalidation lies close to 3641. EU needs to be above 3716-20
  • #4,138
  • Oct 18, 2011 7:55am Oct 18, 2011 7:55am
Quoting T@rantula
Correct levels. Yes we have a chance for more up. Invalidation lies close to 3641. EU needs to be above 3716-20
There are so many levels....and yes....Yours are very good.

What is the immediate support you have?
Markets are not Random, they are designed!
  • #4,139
  • Oct 18, 2011 7:57am Oct 18, 2011 7:57am
Quoting Raza
There are so many levels....and yes....Yours are very good.

What is the immediate support you have?
3685 is immediate support but id say 3680 ( always include level+spread, I always post w/o any spread included). 3697 is fragile support.
  • #4,140
  • Oct 18, 2011 8:05am Oct 18, 2011 8:05am
Watch the levels guys, and look at the chart I posted. Ill be back later
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