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  • #5,341
  • Nov 1, 2011 3:20am Nov 1, 2011 3:20am
Damn it.....


I closed my short at 3815.......

Thought it was time to consolidate.


But now I see an extended wave 3 (its subwave 5 extended), now in wave 5. In this wave 5 it seems to be in subwave 3, clearly targeting 3672, even 3611 seems possible.

Gladly I did not cover my Gold short to early. Will cover that, when EURUSD bottoms.....
  • #5,342
  • Nov 1, 2011 3:22am Nov 1, 2011 3:22am
Quoting infinitus
Thank you Mercy,

but maybe only the case of "corn" and the




No no no ...

You have warned and repeated vehemently !







;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #5,343
  • Nov 1, 2011 3:34am Nov 1, 2011 3:34am
Quoting infinitus
Damn it.....


I closed my short at 3815.......

Thought it was time to consolidate.


But now I see an extended wave 3 (its subwave 5 extended), now in wave 5. In this wave 5 it seems to be in subwave 3, clearly targeting 3672, even 3611 seems possible.

Gladly I did not cover my Gold short to early. Will cover that, when EURUSD bottoms.....
Friends,

maybe we are facing a far more protracted down move then we think about. Lok on a 30min chart at the last candle. Maybe we see here a "point of recognition" forming. This occurs in a wave 3 of a wave 3 etc. ery high momentum, accelerating move. If this comes true, first stopping point for any meaningful countertrend move will be around 320

So take care here.

Do only countertrend with small amounts of money
  • #5,344
  • Nov 1, 2011 3:40am Nov 1, 2011 3:40am
Quoting infinitus
Friends,

maybe we are facing a far more protracted down move then we think about. Lok on a 30min chart at the last candle. Maybe we see here a "point of recognition" forming. This occurs in a wave 3 of a wave 3 etc. ery high momentum, accelerating move. If this comes true, first stopping point for any meaningful countertrend move will be around 320

So take care here.

Do only countertrend with small amounts of money
Absolutley agreed, what else can i say we are in wave 3 impulse down as hell.

Seb
  • #5,345
  • Nov 1, 2011 3:42am Nov 1, 2011 3:42am
Quoting Flynchenberg
Absolutley agreed, what else can i say we are in wave 3 impulse down as hell.

Seb
Question for me is: where can I get back into the down move safely?


Morning Seb :-)
  • #5,346
  • Nov 1, 2011 3:48am Nov 1, 2011 3:48am
Quoting infinitus
Question for me is: where can I get back into the down move safely?


Morning Seb :-)
Morning Makrus,
Morning Spiders,
Morning all,

I will count the waves and try to suggest something but with current situation it might not be easy.
Maby supply/demand levels will help.
Will see,


Seb
  • #5,347
  • Nov 1, 2011 3:49am Nov 1, 2011 3:49am
Quoting infinitus
Question for me is: where can I get back into the down move safely?


Morning Seb :-)
One thing is for shure ... never run after a train that has left the station at "Wittenbergplatz" ... then wait for a while and have a good time ...

Go to "Witty's" and have fun ... buy a beer and take much later another one ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #5,348
  • Nov 1, 2011 4:07am Nov 1, 2011 4:07am
Quoting infinitus
Will consider it definitively when I am in Berlin next time which is End of November for 3-4 days :-)

Yam yam - Currywurst



To be deleted in 5 min for the sake of health of this thread :-)
I see ... you have got the spirit !

And obviously you know Witty's !
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #5,349
  • Nov 1, 2011 4:08am Nov 1, 2011 4:08am
Quoting infinitus
Do only countertrend with small amounts of money
Agreed.
15 pips maximum as countertrend/scalp in strong trend direction is currently the safest option. More then that is risky ( excluding BIS bids on the last dip).

No range atm.Until we are back into range small countertrend moves should be applied for safe trading.
  • #5,350
  • Nov 1, 2011 4:35am Nov 1, 2011 4:35am
Quoting Flynchenberg
Morning Makrus,
Morning Spiders,
Morning all,

I will count the waves and try to suggest something but with current situation it might not be easy.
Maby supply/demand levels will help.
Will see,


Seb
How about that guys...
23% Ret is @ 1.3757 but I guess we might go as high as 1.3800 - 1.3810 to reload shorts.This level was a support ( now broken) and 38.2%Ret level of latest extended wave 5.


Hope it helps,
Seb
Seb
Attached Image (click to enlarge)
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  • #5,351
  • Nov 1, 2011 4:35am Nov 1, 2011 4:35am
Opinion from Sid - so be careful here


http://elliottwavepredictions.com/ht...redictionscom/


Maybe relief ralley when Greeks are kicked out (or kick themselfes out )?


Not my prefered count but possible at all
  • #5,352
  • Edited 4:52am Nov 1, 2011 4:41am | Edited 4:52am
Quoting infinitus
Opinion from Sid - so be careful here


http://elliottwavepredictions.com/ht...redictionscom/


Maybe relief ralley when Greeks are kicked out (or kick themselfes out )?


Not my prefered count but possible at all
We need 25 pips to confirm that this is indeed wave 3 blue mate.
We will see... But as far as I know miracles happen in the Bible only...


Seb
Attached Image(s) (click to enlarge)
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  • #5,353
  • Nov 1, 2011 4:44am Nov 1, 2011 4:44am
Quoting Flynchenberg
How about that guys...
23% Ret is @ 1.3757 but I guess we might go as high as 1.3800 - 1.3810 to reload shorts.This level was a support ( now broken) and 38.2%Ret level of latest extended wave 5.


Hope it helps,
Seb
Seb


Very good Seb.

I have watched your count on a 1h chart. It produces around 90 bars. The wave 4 and 5 should produce 30 to 60 bars. So we can judge the momentum now with an 1h chart with Awesome Oscillator. In that context your wave 3 looks very god to me :-)

Reloading zone would be (for me) 3810 to around 3860, but will not rule out a retest of the upsloping base channel (from the move up last week) at around 3960, 3970. Keep in mind:

Rule of alternation: wave 2 was a time, not space consuming affair. Maybe this time vice versa, hence the thought about retest of lost base channel
  • #5,354
  • Nov 1, 2011 5:11am Nov 1, 2011 5:11am
EURUSD, M5, 2011 November 01
Touch down at daily 38.2% Level from 2011.08.29 the second time just now (See #5356).
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  • #5,355
  • Nov 1, 2011 5:14am Nov 1, 2011 5:14am
little alt count
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  • #5,356
  • Nov 1, 2011 5:14am Nov 1, 2011 5:14am
EURUSD, Daily, 2011 November 01
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  • #5,357
  • Nov 1, 2011 5:17am Nov 1, 2011 5:17am
EURUSD, M1, 2011 November 01

Will the actual market price break the 38.2%-Level or not?
We'll see!
Attached Image (click to enlarge)
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  • #5,358
  • Nov 1, 2011 5:35am Nov 1, 2011 5:35am
Quoting Flynchenberg
little alt count
ABC can not be a wave 1

For an leading diagonal you need 5 waves - and they are seldom
  • #5,359
  • Nov 1, 2011 5:48am Nov 1, 2011 5:48am
Hi all
something not logic to me , Correct me If I'm wrong
1-what happen to all long positions us , Europe bought since days" huge up move on Thursday"?
2- Since when Asia leading the market!! "Check since week start what happen on Asia session"?
  • #5,360
  • Nov 1, 2011 5:54am Nov 1, 2011 5:54am
Quoting egkid
Hi all
something not logic to me , Correct me If I'm wrong
1-what happen to all long positions us , Europe bought since days" huge up move on Thursday"?
2- Since when Asia leading the market!! "Check since week start what happen on Asia session"?


Since when it is about LOGIG??????

Was it logical for the EURUSD to move up on hopium?

Confused!!!
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