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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #34,401
  • Jun 4, 2012 11:41pm Jun 4, 2012 11:41pm
Quoting Luis Carlos
by the way I got in my chart also that number 1.2573, but I used fibonacci..
Can u pls show me in chart how fibo tell R1 1.2573

want to learn and know
  • #34,402
  • Jun 4, 2012 11:42pm Jun 4, 2012 11:42pm
Quoting kibrul
@BFSGcapital
Actually i want to learn how u get R1 1.2573?? can u pls give me how can i findout support and resistance in your method??? if u give a chart then also appreciable
http://www.forexfactory.com/showthre...03#post5726403
Bulls Run. Bears Bite. We Profit.
  • #34,403
  • Jun 4, 2012 11:46pm Jun 4, 2012 11:46pm
Quoting Luis Carlos
by the way I got in my chart also that number 1.2573, but I used fibonacci..
i have DAILY R1...1.2540.!!!!!!!!!!!! dont know were u get 1.2573?>>>>>>>>>>
  • #34,404
  • Jun 4, 2012 11:51pm Jun 4, 2012 11:51pm
Quoting kibrul
Can u pls show me in chart how fibo tell R1 1.2573

want to learn and know
Well, its not R1, it is just top I found. I will tell you, I am looking how to explain it.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,405
  • Edited Jun 5, 2012 12:01am Jun 4, 2012 11:51pm | Edited Jun 5, 2012 12:01am
Quoting aurel_79
i have DAILY R1...1.2540.!!!!!!!!!!!! dont know were u get 1.2573?>>>>>>>>>>
there are different ways of calculating the pivot and S/R

I have 1.25431 and I use fibonacci pivots

switching over to standard I see 1.25816

there are other versions too, camarilla for example


but visually if you look at the chart... plot 1.2573 you can see it was a point of resistance historically

*edit: 1.2573 is also a murray math line (3/8 calculated on M15)

confluence of these indicators point to strong resistance
Attached Image(s) (click to enlarge)
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  • #34,406
  • Jun 4, 2012 11:52pm Jun 4, 2012 11:52pm
Quoting aurel_79
i have DAILY R1...1.2540.!!!!!!!!!!!! dont know were u get 1.2573?>>>>>>>>>>
i also see 1.2540 is R1
  • #34,407
  • Jun 5, 2012 12:18am Jun 5, 2012 12:18am
Ok. I hope this work. In Elliott waves, the length of wave 5 should be equal the wave 1. So you use fib expantion and the length of the wave 1 and then finish the expantion in the wave 4 to forecast the possible end of wave 5. I use fib between 1.000 to 2.000 to determinate that because not always is exactly wave 1 = wave 5. In this case I use the range fib 2.618 and 3.618 because there is a extension of the wave so the finish should be more higher. In that way I got my target area:

2.618 = 1.2547
3.618 = 1.2573

That's it.
I hope you find this useful.

By the way this count is wrong if we break 1.2490 before break the last high.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,408
  • Jun 5, 2012 12:23am Jun 5, 2012 12:23am
I think today will be a bears day. at least we retest 1.25 and below that 1.247

You just never know when the bears are going to come back but when they do it's vicious.

Green dotted lines are minor support areas not entries
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An opportunity lost is not a capital cost.
  • #34,409
  • Jun 5, 2012 1:09am Jun 5, 2012 1:09am
Quoting Evanescence
for everyone who couldn't run the live update for metatrader
click on START > Control Panel > User Accounts and Family Safety > User Accounts > Change user account control settings , then move the option down to Never notify , then click on OK , Restart your windows , open your MetaTrader and you'll be asked for live update, follow the steps and your done
GL
ty,its working again.
Allah has permitted trade and has forbidden interest [koran]
  • #34,410
  • Jun 5, 2012 1:39am Jun 5, 2012 1:39am
NO doubt we are going to have the retracement
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,411
  • Jun 5, 2012 1:42am Jun 5, 2012 1:42am
Quoting jarhead
P.S. and one final note... although congress can a least have some validity in being blameworthy.. I still don't see this as a very compelling

I agree with a lot you say. An exception is Regan. He had to deal with a Democrat congress and Tip O'neal who was a tough old bird. Through the sheer strength of his personality he got massive tax cuts simply using his direct appeal to the populance and his strong personality. Our founders didn't want bills to be easily passed. They intended our government to be deadlocdked most of the time. I don't think...
[/color]
'past is dead,future is yet to born,why fret about it when the present is so sweet;...omar khayam.
cut your losses short
Allah has permitted trade and has forbidden interest [koran]
  • #34,412
  • Jun 5, 2012 1:45am Jun 5, 2012 1:45am
Quoting Luis Carlos
NO doubt we are going to have the retracement
Hi Luis,

Do you mean retracement back down again? Or more upwards movement?

Curious to hear your thoughts... Thanks man.
  • #34,413
  • Jun 5, 2012 1:51am Jun 5, 2012 1:51am
Quoting 100PipsADay
Hi Luis,

Do you mean retracement back down again? Or more upwards movement?

Curious to hear your thoughts... Thanks man.
I mean back to the lows. My count was crashed and now I know which one is the good. If we break that 1.2540 again. I think I wont use EW anymore
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,414
  • Jun 5, 2012 1:57am Jun 5, 2012 1:57am
Quoting Luis Carlos
I mean back to the lows. My count was crashed and now I know which one is the good. If we break that 1.2540 again. I think I wont use EW anymore
Also break below 1.2507 is perfect...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,415
  • Jun 5, 2012 2:00am Jun 5, 2012 2:00am
Quoting Luis Carlos
I mean back to the lows. My count was crashed and now I know which one is the good. If we break that 1.2540 again. I think I wont use EW anymore
Sounds good to me!
  • #34,416
  • Jun 5, 2012 2:02am Jun 5, 2012 2:02am
See you guys, I am going to sleep. Look also charts h4 candle patterns and the daily where is the green now???
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #34,417
  • Jun 5, 2012 2:02am Jun 5, 2012 2:02am
80% chance that price will reach median line if fail then in the midway or near it then price will go back and touch level C.
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Allah has permitted trade and has forbidden interest [koran]
  • #34,418
  • Jun 5, 2012 2:05am Jun 5, 2012 2:05am
Quoting Luis Carlos
See you guys, I am going to sleep. Look also charts h4 candle patterns and the daily where is the green now???
Talk to you later Luis, good night.
  • #34,419
  • Jun 5, 2012 2:29am Jun 5, 2012 2:29am
0.5 % up on equity.trade close with 48 pips in green
Allah has permitted trade and has forbidden interest [koran]
  • #34,420
  • Jun 5, 2012 2:30am Jun 5, 2012 2:30am
Stevens knows his job, well so as PT
http://www.rba.gov.au/media-releases/2012/mr-12-13.html
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