Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,203
- Jun 3, 2012 4:54pm Jun 3, 2012 4:54pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Here is the daily DX chart
As you can see, price has managed 3 daily closes above the 61.8% fibo level of 82.77 which is looking like good support so far. However, due to the lousy NFP report as evidenced by the bearish candle (which looks almost pinbar-ish) we shall have to wait until we get a bullish engulfing to confirm upward continuation.
A bullish confirmation will set my sights on the 78.6% fibo level at 85.47 area before a correction back down to current levels.
Alternatively, on break of the 61.8% downwards, there are two possible...
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,204
- Jun 3, 2012 4:58pm Jun 3, 2012 4:58pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,206
- Jun 3, 2012 5:01pm Jun 3, 2012 5:01pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,210
- Jun 3, 2012 5:15pm Jun 3, 2012 5:15pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,212
- Jun 3, 2012 5:45pm Jun 3, 2012 5:45pm
- | Joined Jun 2009 | Status: nothing new under the sun | 1,428 Posts
london bank holiday for couple days. i don't see how we can form a good moves like C. expecting a consolidation, unless yanks are up to something no good. big boys don't really care which waves we are in though. here's the hard truth about EW... you can make out whichever count you want them to be. just a thought. no offense, but that's the truth.
Allah has permitted trade and has forbidden interest [koran]
- #34,213
- Jun 3, 2012 5:50pm Jun 3, 2012 5:50pm
- Joined Oct 2007 | Status: Sniper | 14,770 Posts
i agree with you.i used to do EW 2yrs ago but now i am more into market profile and andrew pitchfork, and point and figure.i think all these technical analysis[fundamental and chartism] are valid in the sense they give one to stand on and view the field and atleast they tell u when one is wrong which is great help.i think luis does a very good job when it comes to EW.
- #34,214
- Jun 3, 2012 6:17pm Jun 3, 2012 6:17pm
- Joined Aug 2008 | Status: Persist Until Something Happens | 17,898 Posts
Those who say it cannot be done should not interrupt those who are doing it
- #34,215
- Jun 3, 2012 6:42pm Jun 3, 2012 6:42pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
I just got off the phone with them. They are having technical issues. They cannot even take orders by phone.
If you experience problems opening, closing or modifying a trade, you can submit an audit request and you will br credited any losses you suffer.
Here are the links...
We’re currently experiencing issues with the MetaTrader 4 platform. Our teams are looking into the issue right now and it should be resolved shortly.
If you feel you’re negatively affected by this, please fill out this form here;
http://www.fxcm.co.uk/trade-audit-form.jsp...
target 1.2353, I will close on 1.2363
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,216
- Jun 3, 2012 8:30pm Jun 3, 2012 8:30pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I observe your reality but live my own. 
- #34,217
- Jun 3, 2012 8:37pm Jun 3, 2012 8:37pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
I think nobody needs to know EW to see this: Break, Retest, Go
Stocktwit: LuisCarlos - twitter: @lcparodi
- #34,218
- Jun 3, 2012 8:44pm Jun 3, 2012 8:44pm
- | Joined Nov 2011 | Status: Trader | 2,104 Posts
I think nobody needs to know EW to see this: Break, Retest, Go
I observe your reality but live my own.
- #34,220
- Jun 3, 2012 9:03pm Jun 3, 2012 9:03pm
- | Commercial User | Joined Jun 2009 | 5,468 Posts
Stocktwit: LuisCarlos - twitter: @lcparodi