DislikedHello Andy,
How did you draw the waves in your chart?
What is that tool?
ThanksIgnored
Yes i did notice that earlier on, but the red bar on the 15 minute chart just after the New York open suggests the SM pushed the PA down on purpose to get a cheaper price to buy at.
Heavy volume downbars means SM buying into the herd selling.
Its not pure selling by the SM i.e absorption volume due to the fact it didnt break any support.
Im sticking to my guns on this little baby, keep the faith brother.
MM- #35,828
- Jun 6, 2012 9:27am Jun 6, 2012 9:27am
Not gonna post a chart on this cos it may not occur but there is a potential wave 2 forming on the eurusd for a long if it builds correctly i will post a chart on entry.
Potential at mo is
Entry - 1.2521
Stop - 1.2435
Target - 1.2604
Reason the big leg down before cant be a correct short pattern as this last big leg up needed to only be half what the first down leg was, meaning short pattern is invalid and now looking for that big last leg up to be a first leg in an upmove, this leg down needs to be only half roughly of the big leg, or my order will be binned.
Potential at mo is
Entry - 1.2521
Stop - 1.2435
Target - 1.2604
Reason the big leg down before cant be a correct short pattern as this last big leg up needed to only be half what the first down leg was, meaning short pattern is invalid and now looking for that big last leg up to be a first leg in an upmove, this leg down needs to be only half roughly of the big leg, or my order will be binned.
AM on the same boat Andy...my the price head NORTH...
- #35,829
- Jun 6, 2012 10:11am Jun 6, 2012 10:11am
Not gonna post a chart on this cos it may not occur but there is a potential wave 2 forming on the eurusd for a long if it builds correctly i will post a chart on entry.
Potential at mo is
Entry - 1.2521
Stop - 1.2435
Target - 1.2604
Reason the big leg down before cant be a correct short pattern as this last big leg up needed to only be half what the first down leg was, meaning short pattern is invalid and now looking for that big last leg up to be a first leg in an upmove, this leg down needs to be only half roughly of the big leg,...
Andy the only challenge is the 2525-2535 area seems to have become a PPZ....PA needs to brk thru that in this Leg...hoping so atleast...
MM- #35,830
- Jun 6, 2012 10:25am Jun 6, 2012 10:25am
I agree, technically speaking it should break on this leg as its the 3rd leg and the 3rd leg is supposed to be the longest in wave pattern theory, we shall see.
Andy the only challenge is the 2525-2535 area seems to have become a PPZ....PA needs to brk thru that in this Leg...hoping so atleast...
- #35,833
- Jun 6, 2012 10:38am Jun 6, 2012 10:38am
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
As promised, im all in !
Just in time regarding the timeframe to purchase in
- #35,835
- Jun 6, 2012 10:47am Jun 6, 2012 10:47am
One point to add is that if it breaks the 2525-2535 area, we should attempt the major 1.2625 as next target up, time will tell
Andy the only challenge is the 2525-2535 area seems to have become a PPZ....PA needs to brk thru that in this Leg...hoping so atleast...
- #35,838
- Jun 6, 2012 2:01pm Jun 6, 2012 2:01pm
- | Joined Oct 2010 | Status: Trader | 1,539 Posts
i think eur/usd try to go up 1.2635 soon !!!
