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  • #6,301
  • Nov 9, 2011 8:25am Nov 9, 2011 8:25am
Quoting Flynchenberg
EW count
Seb
Hi Seb,

take daile EW into consideration. That one looks clearly as the major wave 1 down was ready, and the daylong sideway action was wave 2
  • #6,302
  • Nov 9, 2011 8:32am Nov 9, 2011 8:32am
so the Dow is down 200 points , hmmm . who would have thought

http://www.forexfactory.com/showthre...43#post5113943
I SEE YOU !!
  • #6,303
  • Nov 9, 2011 8:33am Nov 9, 2011 8:33am
Quoting infinitus
Hi Seb,

take daile EW into consideration. That one looks clearly as the major wave 1 down was ready, and the daylong sideway action was wave 2
Nix capisco ... knall mal 'nen Bild rein ...

Or simply describe what you expect now ... with words and levels ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #6,304
  • Nov 9, 2011 8:33am Nov 9, 2011 8:33am
we are here:

major fib fan support below (3562)
Attached Image (click to enlarge)
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  • #6,305
  • Nov 9, 2011 8:46am Nov 9, 2011 8:46am
Quoting infinitus
Hi Seb,

take daile EW into consideration. That one looks clearly as the major wave 1 down was ready, and the daylong sideway action was wave 2
Hi Markus,
Can You post your current EW count to avoid any confusion?


Cheers,
Seb
  • #6,306
  • Nov 9, 2011 8:47am Nov 9, 2011 8:47am
Quoting infinitus
we are here:

major fib fan support below (3562)
Ok ... and you meant the several days long sideways move has been wave 2 ... I suppose ... and now 3 down ...



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #6,307
  • Nov 9, 2011 8:47am Nov 9, 2011 8:47am
Quoting T@rantula
Guys....if we break 3500 things can get messy for any long term longs. I will post my chart later. I am not affected as I trade flips and flops during the day exposing both directions, but for any of you Mid-Long term traders, be careful... 1.3200 if we break 3500
Below 3500 > 3390 > 3200 mid term daily timeframe..
  • #6,308
  • Nov 9, 2011 8:58am Nov 9, 2011 8:58am
Quoting T@rantula
Below 3500 > 3390 > 3200 mid term daily timeframe..
1.3520 Very important point, Watch it
  • #6,309
  • Nov 9, 2011 9:03am Nov 9, 2011 9:03am
Quoting egkid
1.3520 Very important point, Watch it
Sure, I also have 3540. Me and my friend Pandamonium plotted the lines...3540 could be a place where we could see a retrace to 3640..
  • #6,310
  • Nov 9, 2011 9:06am Nov 9, 2011 9:06am
Quoting infinitus
we are here:

major fib fan support below (3562)
Jawohl ... we see where we are ...

Just wanted to here what you think ...

Did you take a trade ?



;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #6,311
  • Nov 9, 2011 9:07am Nov 9, 2011 9:07am
This wave count is like everyone else have I guess.
My wave count has been abandoned.

But if I was right, then &^%$ LOL

Seb
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  • #6,312
  • Nov 9, 2011 9:22am Nov 9, 2011 9:22am
Quoting Flynchenberg
This wave count is like everyone else have I guess.
My wave count has been abandoned.

But if I was right, then &^%$ LOL

Seb
lol

ok please do check this count , who knows

but worst scenario is that yellow 1 is the correct one .
lets see

Attached Image (click to enlarge)
Click to Enlarge Name: wave.jpg Size: 69 KB
I SEE YOU !!
  • #6,313
  • Nov 9, 2011 9:27am Nov 9, 2011 9:27am
Quoting mercy seat
Ok ... and you meant the several days long sideways move has been wave 2 ... I suppose ... and now 3 down ...



;-|


From a daily perspective it looks like that. A wave 3 down.

But I took a second look at daily:

maybe we are on daily in a wave 5 extension, means we are in subwave 3 of wave 5 (the sideway of the last days then was a subwave 2 of wave 5)

Seb and I would love this scenario, because we had on lower TF's good reason to count the sideway move as a wave 4


Seb, what do you think? Sorry, not able to provide a count. Am on my smartphone in bella Bamberg :-)

Maybe in 2 hours or so.....
  • #6,314
  • Nov 9, 2011 9:34am Nov 9, 2011 9:34am
3595 is resistance. All below that is sell at the moment. I would like to see 3540-3520 reaction first, i may open a long there.
  • #6,315
  • Nov 9, 2011 9:41am Nov 9, 2011 9:41am
Quoting mercy seat
Jawohl ... we see where we are ...

Just wanted to here what you think ...

Did you take a trade ?



;-|
Hi Mercy, yes I took a trade short at 3855 and 3853

The 3853 position I closed at 3825, the other at 3801. Then I waited for a rebounce but didn't get a real one. That was the time around when i said to Egkid, that different approaches often leads to the same levels but different conclusions. Some traders went at that point long, but I kept my short stance. When T. covered his long, I went short at around 3803 again and covered partials at 3732 and let the other 50% run. Will cover them shortly at around 3533 i think. Have to watch momentum for that.

After that a relatively brief retrace maybe against 3671 to max 3732, then further down.

A break above 3774 and we will be back in bull territory.
  • #6,316
  • Nov 9, 2011 9:45am Nov 9, 2011 9:45am
Profit taking now.

3595 should prove resistance. I will take a look, maybe open EOD trade close to 3595, need to see h1 close.
  • #6,317
  • Nov 9, 2011 9:46am Nov 9, 2011 9:46am
Quoting dbfusion
lol

ok please do check this count , who knows

but worst scenario is that yellow 1 is the correct one .
lets see

give me a one, give me a 2, give me a huuuuuuuuuuu

what was that on your chart? LOL
  • #6,318
  • Nov 9, 2011 9:49am Nov 9, 2011 9:49am
Quoting infinitus
give me a one, give me a 2, give me a huuuuuuuuuuu

what was that on your chart? LOL
loooool

that was progressive version of DW

kurz "dbfusion wave "

lol
I SEE YOU !!
  • #6,319
  • Nov 9, 2011 9:57am Nov 9, 2011 9:57am
Quoting infinitus


Seb, what do you think? Sorry, not able to provide a count. Am on my smartphone in bella Bamberg :-)

Maybe in 2 hours or so.....
My problem is that lower TF count does not support the view of recent complex correction being wave 2.
For me is wave 4 and now we are in simple impulse wave 5 down and then we may say that big wave 1 is done and we await for bigger wave 3 correction to unfold. And this is why my chart is ok so far.

However, if this wave will continue to move down in expanded flat manner we might be almost sure this is big wave 3 unfolding and things will get nasty. Fundamental Analysis favours this scenario ( Italy bye bye, Greece Bye Bye, France Downgraded, Recession in USD, QE in EX and USA). And this is why Markus chart is ok.

What the hell do I know anyway...



Seb
EDIT: Let me make a cup of coffie and I will analyse situation of Fibs and post a chart.
  • #6,320
  • Nov 9, 2011 10:03am Nov 9, 2011 10:03am
Quoting T@rantula
Profit taking now.

3595 should prove resistance. I will take a look, maybe open EOD trade close to 3595, need to see h1 close.
Any1 took this perfect short?
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