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EurAnalysis Kindergarten 24 replies

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EurAnalysis

  • #40,001
  • Jun 27, 2012 9:56am Jun 27, 2012 9:56am
WARNING, I AM NOT AN EW EXPERT!

Hi all, While waiting for tomorrow's summit, I went to study some basics on Elliot wave :nerd:. Can anyone tell me if I'm on the right track?

Why I believe we are on wave 5 on the daily:
1. the 3rd trend line I drew is the longest of the 4
2. The 4th line bounces perfectly off of a Fib line
3. The bearish 5th line (Not ended yet) coincides with the bearish outlook for tomorrow (Meaning wave 5 is still forming.)
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2012-06-27 at 9.41.06 AM.png Size: 71 KB

Good luck all
Do what you are afraid to do -Emerson
  • #40,002
  • Jun 27, 2012 9:59am Jun 27, 2012 9:59am
Quoting balanced2012


hope anyone find it useful and helpfull its all about discipline !!!

thanks

Cheers !!!!
Thanks balanced... for the ebook. Just open my MT4 saw ur post and downloaded. For sure I'll read it. Well done.
  • #40,003
  • Jun 27, 2012 10:07am Jun 27, 2012 10:07am
Quoting Pip_Warrior
WARNING, I AM NOT AN EW EXPERT!

Hi all, While waiting for tomorrow's summit, I went to study some basics on Elliot wave :nerd:. Can anyone tell me if I'm on the right track?

Why I believe we are on wave 5 on the daily:
1. the 3rd trend line I drew is the longest of the 4
2. The 4th line bounces perfectly off of a Fib line
3. The bearish 5th line (Not ended yet) coincides with the bearish outlook for tomorrow (Meaning wave 5 is still forming.)
Attachment
Good luck all
Spot on
Those who say it cannot be done should not interrupt those who are doing it
  • #40,004
  • Jun 27, 2012 10:07am Jun 27, 2012 10:07am
Quoting AlwaysLost
Thanks balanced... for the ebook. Just open my MT4 saw ur post and downloaded. For sure I'll read it. Well done.
Is this the correct chart to be looking at to track Spanish bonds? PT is this the same data you get on your feed? (obviously yours would have smaller TF's)


Was looking to see if yields changed at all after the eurogroup statement about Spains bailout
Attached Image (click to enlarge)
Click to Enlarge Name: spanish.jpg Size: 122 KB
  • #40,005
  • Jun 27, 2012 10:08am Jun 27, 2012 10:08am
Goldman Sachs sees ECB rate cut 25 basis point next week. The cockroaches have spoken. Guess it's going to happen.
  • #40,006
  • Jun 27, 2012 10:08am Jun 27, 2012 10:08am
Did anybody else notice the dog on M15, or are my eyes playing tricks on me?

Attached Image (click to enlarge)
Click to Enlarge Name: eu-m15.gif Size: 30 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #40,007
  • Jun 27, 2012 10:12am Jun 27, 2012 10:12am
Quoting PipTrapper
Did anybody else notice the dog on M15, or are my eyes playing tricks on me?

Attachment
Must be a pitbull, there's no tail (and we don't want one!)
I observe your reality but live my own.
  • #40,008
  • Jun 27, 2012 10:13am Jun 27, 2012 10:13am
Quoting Cgb
Must be a pitbull, there's no tail (and we don't want one!)
  • #40,009
  • Jun 27, 2012 10:14am Jun 27, 2012 10:14am
Quoting PipTrapper
Did anybody else notice the dog on M15, or are my eyes playing tricks on me?

Attachment
Ha! ...and he's heading the wrong way!
The spoken word is your master, the unspoken word your slave.
  • #40,010
  • Jun 27, 2012 10:14am Jun 27, 2012 10:14am
Quoting PipTrapper
Did anybody else notice the dog on M15, or are my eyes playing tricks on me?

Attachment
Too much time in front of monitor.
  • #40,011
  • Jun 27, 2012 10:27am Jun 27, 2012 10:27am
Reaching 1.2450 again and might be ready to break through. If we can see u later 1.2500
  • #40,012
  • Jun 27, 2012 10:27am Jun 27, 2012 10:27am
Quoting neuron
Is this the correct chart to be looking at to track Spanish bonds? PT is this the same data you get on your feed? (obviously yours would have smaller TF's)


Was looking to see if yields changed at all after the eurogroup statement about Spains bailout
Yes neuron. That is the chart to look at although it is 15 minutes delayed.

Here is the current one from Bloomberg Pro

Spanish 10 Year Yield
Attached Image (click to enlarge)
Click to Enlarge Name: 10YSP.gif Size: 48 KB
Those who say it cannot be done should not interrupt those who are doing it
  • #40,013
  • Jun 27, 2012 10:28am Jun 27, 2012 10:28am
Quoting CommercialB
Ha! ...and he's heading the wrong way!
That's just poetic. The non existent tail wagging the dog
Those who say it cannot be done should not interrupt those who are doing it
  • #40,014
  • Jun 27, 2012 10:31am Jun 27, 2012 10:31am
Quoting ferndog
Reaching 1.2450 again and might be ready to break through. If we can see u later 1.2500
Still 30 minutes to go on the H4 candle. Let's see if it can close below 61.8%

E/U H4
Attached Image
Those who say it cannot be done should not interrupt those who are doing it
  • #40,015
  • Jun 27, 2012 10:34am Jun 27, 2012 10:34am
Quoting PipTrapper
Still 30 minutes to go on the H4 candle. Let's see if it can close below 61.8%

E/U H4
Attachment
i think its bouncing off the 61.8 % !!!!
“Don't cry because it's over, smile because it happened.”
  • #40,016
  • Jun 27, 2012 10:57am Jun 27, 2012 10:57am
Quoting PipTrapper
Still 30 minutes to go on the H4 candle. Let's see if it can close below 61.8%

E/U H4
Attachment
PT,
My chart looks slightly different.

EDIT: Mine I drew off daily chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pt_chart.jpg Size: 133 KB
Click to Enlarge Name: gofer_fib.png Size: 78 KB
  • #40,017
  • Jun 27, 2012 11:00am Jun 27, 2012 11:00am
a close below 1.2460 , now let's see what's going to happen
  • #40,018
  • Jun 27, 2012 11:06am Jun 27, 2012 11:06am
Quoting Evanescence
a close below 1.2460 , now let's see what's going to happen
Its going to retest 2490
69
  • #40,019
  • Jun 27, 2012 11:22am Jun 27, 2012 11:22am
Quoting Gofer Pips
PT,
My chart looks slightly different.

EDIT: Mine I drew off daily chart.
Damn you're absolutely correct. Oh well, 2 pips isn't gonna make much diff, but thanks for pointing that out. It's corrected now.
Those who say it cannot be done should not interrupt those who are doing it
  • #40,020
  • Jun 27, 2012 11:26am Jun 27, 2012 11:26am
Quoting PipTrapper
Still 30 minutes to go on the H4 candle. Let's see if it can close below 61.8%

E/U H4
Attachment
Bouncing back up
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