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  • #573,661
  • Dec 12, 2011 12:34pm Dec 12, 2011 12:34pm
Quoting doblece
Attachment

Not a perfectly symmetrical textbook one, but H&S nonetheless, IMO.
It looks like more to Inverted Cup & Handle for me.
Correct me if im wrong about it
RM
  • #573,662
  • Dec 12, 2011 12:35pm Dec 12, 2011 12:35pm
Quoting Tellerton
They've been upgrading their audio broadcast system. On the other hand, sometimes they just go silent for extended periods! Personally, I find the audio annoying... don't listen very often.

m'kay... well then, just have to wait and see I suppose!

Thanks anyway.

-fighter
  • #573,663
  • Dec 12, 2011 12:38pm Dec 12, 2011 12:38pm
I'm praying for a retrace today, lesson learnedi failed to follow my own simple rules lol!

Damn this is what everyone talked about "world of pain" etc :]

I'm praying for some kind of retracement so i dont lose quite as much today!! lol
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #573,664
  • Dec 12, 2011 12:46pm Dec 12, 2011 12:46pm
Ladies and gentlemen, on behalf of the crew I ask that you please direct your attention to the monitors above as we review the emergency procedures. There are six emergency exits on this aircraft. Take a minute to locate the exit closest to you. Note that the nearest exit may be behind you. Count the number of rows to this exit. Should the cabin experience sudden pressure loss, stay calm and listen for instructions from the cabin crew. Oxygen masks will drop down from above your seat. Place the mask over your mouth and nose, like this. Pull the strap to tighten it. If you are traveling with children, make sure that your own mask is on first before helping your children. In the unlikely event of an emergency landing and evacuation, leave your carry-on items behind. Life rafts are located below your seats and emergency lighting will lead you to your closest exit and slide. We ask that you make sure that all carry-on luggage is stowed away safely during the flight. While we wait for take off, please take a moment to review the safety data card in the seat pocket in front of you. THAT MEANS GET READY FOR TAKE OFF !!
  • #573,665
  • Dec 12, 2011 12:46pm Dec 12, 2011 12:46pm
Quoting WickedPips
I'm praying for a retrace today,...
Are you praying to the Beast? Because Beast is listening and if she hears weakness she wont help, but will eat you within second.

T
"I know one thing, that I know nothing." Sokrates
  • #573,666
  • Dec 12, 2011 12:46pm Dec 12, 2011 12:46pm
Quoting WickedPips
I'm praying for a retrace today, lesson learnedi failed to follow my own simple rules lol!

Damn this is what everyone talked about "world of pain" etc :]

I'm praying for some kind of retracement so i dont lose quite as much today!! lol
where are you wrong from?
  • #573,667
  • Dec 12, 2011 12:48pm Dec 12, 2011 12:48pm
Quoting WickedPips
I'm praying for a retrace today, lesson learnedi failed to follow my own simple rules lol!

Damn this is what everyone talked about "world of pain" etc :]

I'm praying for some kind of retracement so i dont lose quite as much today!! lol
Kid, I used to do the same mistakes. Wait for a supply zone, then cut the losses, or better yet, cut them directly.

And then follow your system like it's your own personal bible, whyle admitting to constructive criticism.

On a merrier note >>>
Inserted Video
Please, just slap me around if I'm being silly ...
  • #573,668
  • Dec 12, 2011 12:50pm Dec 12, 2011 12:50pm
Currently in another short, +13 pips already in it, SL to BE. Think i'll leave it through the night, what have I got to lose?
Please, just slap me around if I'm being silly ...
  • #573,669
  • Dec 12, 2011 12:53pm Dec 12, 2011 12:53pm
Quoting WickedPips
I'm praying for a retrace today, lesson learnedi failed to follow my own simple rules lol!

Damn this is what everyone talked about "world of pain" etc :]

I'm praying for some kind of retracement so i dont lose quite as much today!! lol
make sure have s/l so even it would not retrace up you can protect limited loss.
  • #573,670
  • Dec 12, 2011 12:54pm Dec 12, 2011 12:54pm
Quoting MaxDoom
where are you wrong from?
1.3280 :o) (The yearly low)

you have to chuckle about these things at some point! still though very irritated at my noob mistake thinking that the euro could still defy gravity as it has been of late

my account isnt blown or anything, but still very annoyed .. how much further down could it possibly go? what happens if it bottoms out of the lowest price -- could it just freefall?
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #573,671
  • Dec 12, 2011 12:56pm Dec 12, 2011 12:56pm
Have lost the clue of the last hour moves. So I quit.
Lost the part of today's profit, though +62 pips is still with me.
Need a fresh look. Will back tomorrow with London open.
Green pips, guys!
  • #573,672
  • Dec 12, 2011 12:56pm Dec 12, 2011 12:56pm
Quoting WickedPips
1.3280 :o) (The yearly low)

you have to chuckle about these things at some point! still though very irritated at my noob mistake thinking that the euro could still defy gravity as it has been of late
Your logic wasn't ill applied, but you should've considered it twice, considering the period.

And you should've kept your eyes wide open on this thread, it offers a lot of knowledge.
Believe me, I know it does. Try to understant technicals and fundamentals. Where you don't get it, ASK! someone will answer, believe me.

Sorry about your loss, you'll recover it.

LE: btw, I use Cobra THV4 MTF too. it's a nice template, and it gives me a lot of insight.
Please, just slap me around if I'm being silly ...
  • #573,673
  • Dec 12, 2011 12:56pm Dec 12, 2011 12:56pm
Covered my short for 16 pips.

-fighter
  • #573,674
  • Dec 12, 2011 12:58pm Dec 12, 2011 12:58pm
Quoting DaveUK
Not sure. Interesting stuff from the BBC News site:

However the deal still has to be agreed by a number of national parliaments, and the reaction of the financial markets suggests it has failed to bring a swift end to the euro crisis.


The BBC's Rob Cameron in Prague said: "Commentators here have taken a more cautious - and arguably more accurate - view, reflecting the fact that the Czechs haven't signed up to anything yet."


The current French presidential front-runner, Socialist Francois Hollande, said on Monday that...

I find the BBC coverage wholy lacking in facts on their coverage, nowhere can you find that the Germans wanted the UK to pay 40Bn out of the 50Bn that the FTT was going to raise, what the heck was Merkel thinking, that Cameron was just going to roll over and pay for all the feckups of the EU countries?

Cable is holding its own, Gilts are priced at the T-level and look where the yuuro and the Bunds are.
  • #573,675
  • Dec 12, 2011 12:59pm Dec 12, 2011 12:59pm
Quoting daemon_delux
Your logic wasn't ill applied, but you should've considered it twice, considering the period.

And you should've kept your eyes wide open on this thread, it offers a lot of knowledge.
Believe me, I know it does. Try to understant technicals and fundamentals. Where you don't get it, ASK! someone will answer, believe me.

Sorry about your loss, you'll recover it.

LE: btw, I use Cobra THV4 MTF too. it's a nice template, and it gives me a lot of insight.
Thanks dude! Encouraging words indeed! hehe

Yes, its like i've never met Miss Pips but i think i'm in love anyways! haha
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #573,676
  • Dec 12, 2011 12:59pm Dec 12, 2011 12:59pm
If USD Budget balance if positive or equal to forecast, you should've just moved the SL tightly.

Just my opinion, everyone trades their own game.
Please, just slap me around if I'm being silly ...
  • #573,677
  • Dec 12, 2011 1:01pm Dec 12, 2011 1:01pm
Quoting WickedPips
1.3280 :o) (The yearly low)

you have to chuckle about these things at some point! still though very irritated at my noob mistake thinking that the euro could still defy gravity as it has been of late

my account isnt blown or anything, but still very annoyed .. how much further down could it possibly go? what happens if it bottoms out of the lowest price -- could it just freefall?

The only thing that is going to safe your underwater shorts is some serious short covering by the US, technically there is no reason for that, unless the ECB steps in (ah sh!t, they've gone home), maybe Merkel will cooperate and put more money on the table (yeah right), or hold on, there's the IMF (ah sh!t they're broke).

Guess tomorrow is another day for you.
  • #573,678
  • Dec 12, 2011 1:02pm Dec 12, 2011 1:02pm
Quoting cloggie
The only thing that is going to safe your underwater shorts is some serious short covering by the US, technically there is no reason for that, unless the ECB steps in (ah sh!t, they've gone home), maybe Merkel will cooperate and put more money on the table (yeah right), or hold on, there's the IMF (ah sh!t they're broke).

Guess tomorrow is another day for you.
So you think it will Carry on down for the forseeable?

Interesting insight :]

I guess we all have offdays, i was doing so well before today! lol

Some pissed off Rich European could have a hidden massive buy order which will fling me into semi-safety? he he -- one things ive learned is to expect the unexpected doing this so far.. I am never failed to be surprised at how quickly things can turn around in or against your favour -- scary times!
::Swarvy Pip Stealing nomad:: :-:Trading THV:Version 4 MTF Template!:-:
  • #573,679
  • Dec 12, 2011 1:04pm Dec 12, 2011 1:04pm
That's Cloggie's way of saying " Sorry for your loss!"

Keep your head up, learn and try not to act foolish. In the end, it's your money, not mine or his. The point of this thread is to learn, learn, learn.

And you shouldn't look up to me, or smth like that. I'm still the worst trader in my psiche. Try to accumulate as much as you can.
Please, just slap me around if I'm being silly ...
  • #573,680
  • Dec 12, 2011 1:04pm Dec 12, 2011 1:04pm
I use Glen Neely's NeoWave concept to do my Elliot Wave analysis, and he has several versions of a impulse wave that are not covered in standard Elliot Wave system. He calls them "Terminal Impulses". These terminal impulse waves have the characteristics of wave 2 and wave 4 overlapping the same price territory. There are 3 categories of terminal impulse waves that he has:

1. First wave extension
2. Third wave extension
3. Fifthe wave extension.

In this case we have a 3rd wave extension terminal impulse wave.

He also has something which is very similar to a 3rd wave extension impulse wave, which he callse a "Neutral Triangle". In this formation the 2 lines which are the boundaries of the triangle are "Horizontal".

Now for the life of me, I havent figured out how he came up with a triangle that has horizontal trendlines. But to him triangle, and triangulation is a behaviour than anything else. So he has 3 varieties of triangles, contracting, expanding and neutral, and each variety has normal and "Reverse Alternation" types, depending on the waves measure with respect to each other. The neutral triangle and "Reveres Alternation" types are not covered in his book "Mastering Elliot Waves" and is more explained in his site. So you can have a reverse alternation contracting triangle which in shape is very similar to a expanding triangle, but he calls it reverse alternation and contracting type.

I gave up 2.5 years ago on trying to understand every nit pick of his system, because of the level of details the he goes into it, which to me at the end of the day comes to the fact that whether you can count 5 waves or not. And also the fact that once in a blue moon there is a new formation that is not covered in his book, and he keeps inventing and giving names to these formations. So there are so many categories within categories that its sometimes mind boggling.

But overall some of his stuff, such as the general categories of impulse waves that he has explained in his book are fairly good, and better than normal elliot wave


Quoting Morelands
Your wave 4 overlaps wave 1 ? curious
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