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  • #5,381
  • Nov 1, 2011 7:36am Nov 1, 2011 7:36am
Quoting Flynchenberg
ok,
So,
Now I'm confused....ABC?


Seb



Why ABC?

His view of an expanding ending diagonal is invalidated, maybe our count confirmed. I would say the top is in.

Maybe this:

in Forex we sometimes see a very strange form of wave 3's with many overlapping waves and relative high momentum over a wide span of time.

Maybe we see this right now since our wave 2 top at 4170. Do not know.


Keep in mind:

this is with high certainity a wave 3 (or part of a wave 3). We constantly think it has to retrace, but it will not (bastard).

This first bigger wave down of the whole wave 3 should reach the area around 320 before any meaningful retracement. In a wave 3 all is bigger and faster.

I have been an idiot to go out of my short around 381x or so.

But my Gold short keeps playing
  • #5,382
  • Nov 1, 2011 7:37am Nov 1, 2011 7:37am
Quoting infinitus
ABC can not be a wave 1

For an leading diagonal you need 5 waves - and they are seldom
Can You take a look at Sid chart of EURUSD.
In the middle of the chart, just after wave b pink there is abc count as wave 1 green.


Seb
  • #5,383
  • Nov 1, 2011 7:38am Nov 1, 2011 7:38am
Quoting Raza
Double!...markus triples his account every Month...j/k

That's fun, isn't it?
  • #5,384
  • Nov 1, 2011 7:42am Nov 1, 2011 7:42am
Quoting Raza
Its all good Markus...appreciate you insights....

How a busy man like you gets time to read.
I am ill at home. Have an adverse vaccination reaction.

Right at the time :-)
  • #5,385
  • Nov 1, 2011 7:43am Nov 1, 2011 7:43am
Quoting infinitus



Why ABC?
This is what I'm asking, my count does not makes sense now. Current 1-2, 1-2, 1-2 count is extremly bearish, ABC does not makes sense at all.
I just do not know how to count the first two waves...

Will go back to it after lunch with new count, need fresh look.

Take care,
Seb
  • #5,386
  • Nov 1, 2011 7:44am Nov 1, 2011 7:44am
Quoting aligater
Hi bro looks to me like major players killing each other
could be China versus Europa
something like that so it is again logic, if you consider the growing power from China and Japan intervention etc


aligater
Interesting thinking ,Yeah that is possible "when the boat sinking then everyone only care for him self to live"

Thanks for sharing ur view
  • #5,387
  • Nov 1, 2011 7:44am Nov 1, 2011 7:44am
Quoting Forexcube
..and how long do you need since you could double your account deposits with this strategy?,...one year? two years..? ...?
What has that to do with momentum considerations?

I am doing very well with my strategy. If it would take such a long time to double my account I would stop trading.......


........ and would ask Mercy to trade my accounts :-)
  • #5,388
  • Nov 1, 2011 7:46am Nov 1, 2011 7:46am
Quoting Raza
Double!...markus triples his account every Month...j/k
Hehehe,


that sounds good to me.......


Who is Markus? Must get to know him....
  • #5,389
  • Nov 1, 2011 7:48am Nov 1, 2011 7:48am
Quoting infinitus
What has that to do with momentum considerations?

I am doing very well with my strategy. If it would take such a long time to double my account I would stop trading.......


........ and would ask Mercy to trade my accounts :-)
So I wish you the same luck for the future which you have had in days gone by.
  • #5,390
  • Nov 1, 2011 7:50am Nov 1, 2011 7:50am
Quoting Flynchenberg
Can You take a look at Sid chart of EURUSD.
In the middle of the chart, just after wave b pink there is abc count as wave 1 green.


Seb

Ah, I see the problematic:


Seb counted an ending diagonal. EDIT: not Seb, should read Sid LOL

In ending diagonals as well as leading diagonals all the subwaves normally (most of the time) are ABC moves.

In your count there is no need to make wave 1 an ABC move.

It is a small impulse followed by some ABC-x-ABC moves


Your count was right and you relabeled it wrong.....
  • #5,391
  • Nov 1, 2011 7:55am Nov 1, 2011 7:55am
Quoting infinitus
Ah, I see the problematic:


Seb counted an ending diagonal.

In ending diagonals as well as leading diagonals all the subwaves normally (most of the time) are ABC moves.

In your count there is no need to make wave 1 an ABC move.

It is a small impulse followed by some ABC-x-ABC moves


Your count was right and you relabeled it wrong.....
Please, stop counting and realise that the market is driven by fundamental sentiment only. Everything else is humbug and gambling today.
Don't get mad, get even!
  • #5,392
  • Nov 1, 2011 7:55am Nov 1, 2011 7:55am
Quoting infinitus
Ah, I see the problematic:


Seb counted an ending diagonal.

In ending diagonals as well as leading diagonals all the subwaves normally (most of the time) are ABC moves.

In your count there is no need to make wave 1 an ABC move.

It is a small impulse followed by some ABC-x-ABC moves


Your count was right and you relabeled it wrong.....


Seb,

either we have a somewhat skewed wave 2 (should normally advance against the direction of trend, but trend (down) has high force and took wave 2 a little lower than end of wave 1),

or,

there is another very small wave 1 in between


Look/Count at that TF's, where the wave structure can be best viewed.

Try, for example, a 2h TF
  • #5,393
  • Nov 1, 2011 7:57am Nov 1, 2011 7:57am
Quoting infinitus
Ah, I see the problematic:


Seb counted an ending diagonal. EDIT: not Seb, should read Sid LOL

In ending diagonals as well as leading diagonals all the subwaves normally (most of the time) are ABC moves.

In your count there is no need to make wave 1 an ABC move.

It is a small impulse followed by some ABC-x-ABC moves


Your count was right and you relabeled it wrong.....
Update
LOL


Seb
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  • #5,394
  • Nov 1, 2011 7:59am Nov 1, 2011 7:59am
EURUSD, H1, 2011 November 01
EURUSD, Daily, 2011 November 01
EURUSD, H4, 2011 November 01

The Daily Candle seems for me long enough.
H4 seems for me also okay!

I try to go Long

Long @ 1.3630

Don't think that the Fib 23.6 (2011.08.29 / ~1.3475) could be reached today.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD, H4, 2011 November 01.jpg Size: 90 KB
  • #5,395
  • Nov 1, 2011 8:01am Nov 1, 2011 8:01am
Quoting Forexcube
EURUSD, H1, 2011 November 01

I try to go Long

Long @ 1.3630
GL, make sure you exit early cause this week might close around 3100.
Don't get mad, get even!
  • #5,396
  • Nov 1, 2011 8:02am Nov 1, 2011 8:02am
Quoting stulic
Please, stop counting and realise that the market is driven by fundamental sentiment only. Everything else is humbug and gambling today.


I do not know what you mean, my friend.

Since a few days Seb and I have shown here great calls and countings.

;ost of the proclaiming fundamentalists, who proclaim they could figure out the turns by reading thousands of fundamental relevant data, failed bad the last days. Seeing EURUSD climbing and climbing to new highs, 1.6, 2.0 and so on.

Not only yesterday I told here that 3671 would be easily possible.

Well, you can call it humbug or what so ever. I mad a lot of money without one single look at so called fundamentals........
  • #5,397
  • Nov 1, 2011 8:05am Nov 1, 2011 8:05am

aligater
Attached Image (click to enlarge)
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born to speculate
  • #5,398
  • Nov 1, 2011 8:06am Nov 1, 2011 8:06am
Quoting stulic
GL, make sure you exit early cause this week might close around 3100.

Thank's my friend!
  • #5,399
  • Nov 1, 2011 8:07am Nov 1, 2011 8:07am
Quoting stulic
Please, stop counting and realise that the market is driven by fundamental sentiment only. Everything else is humbug and gambling today.
  • #5,400
  • Nov 1, 2011 8:07am Nov 1, 2011 8:07am
Quoting Flynchenberg
Update
LOL


Seb
Yes, now the wave 1 looks good again.

The pink wave 3 - maybe it is about time to move it to the end of the count.

The whole move since your pink 4 looks more and more like a wave 3 pink.


Btw, do you hear the Gold dropping?
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