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  • #662,961
  • Jun 28, 2012 3:19pm Jun 28, 2012 3:19pm
Freedom is never more than one generation away from extinction. We didn't pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same, or one day we will spend our sunset years telling our children and our children's children what it was once like in the United States where men were free.

Ronald Reagan


Elections are just around the corner.
  • #662,962
  • Jun 28, 2012 3:19pm Jun 28, 2012 3:19pm
Quoting attila
That too, but I think the Commerce Clause is much more damaging than taxation.. That's what takes power away from the states and gives it to Washington.
it's insidious the way it can be manipulated to take anything Congress wants.
  • #662,963
  • Jun 28, 2012 3:21pm Jun 28, 2012 3:21pm
Quoting todstars2
it's insidious the way it can be manipulated to take anything Congress wants.
Yes.. They can do pretty much whatever they want under it, and nobody can say it's unconstitutional..
  • #662,964
  • Jun 28, 2012 3:22pm Jun 28, 2012 3:22pm
Gold will be 3500 / silver 200 oz
  • #662,965
  • Jun 28, 2012 3:23pm Jun 28, 2012 3:23pm
Quoting todstars2
it's insidious the way it can be manipulated to take anything Congress wants.
I don't know what the minimum required is exactly, but there is a Constitutional Convention effort on the way and I think 37 states are on.. We do need a Constitutional Convention if we want all these to stop..

Correction.. It takes 34 states.. Not sure how many are on.. The other way around..
  • #662,966
  • Jun 28, 2012 4:41pm Jun 28, 2012 4:41pm
This consolidation correction had me foxed. There's two major TL's here that we have broke tested and consolidated at before the down move can finish. Just noticed on the monthly looks like inverse head and shoulders.
Attached Image (click to enlarge)
Click to Enlarge Name: 06.28.12 Eur 1h TRIANGLE.png Size: 23 KB
Founder of Sutherland Wave Principle
  • #662,967
  • Jun 28, 2012 5:02pm Jun 28, 2012 5:02pm
RECAP + OUTLOOK:


This is what we have for the remaining sessions ahead as today on FRIDAY ...

1.)

2012-06-28_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-26 # J156 (Text DE)

Quick-Tips in a TABLE SURVEY for the EUR/USD: with explaning text ...

23h00 CET Aufdatung ...

End of Day and latest UPDATE (ROLLOVER CLOSE) ...

This contains an OUTLOOK for the trading sessions ahead of this week no. 26 ...

###

And as it has been mentioned several before in our own trading sections ...

A corrective move up might have been done and since crossed below mentioned zone 1.2631 we can forget the upside at first ...

Today it may trade to the lower side one more time again ...

Next challenge will be 1.2412 and 1.2378 then ...

If crossed below 1.2378 - 1.2357 zone ... then good bye and further down again ...



2.)

2012-06-28_23h00 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-26 # J156 (Text DE)

23h00 CET Aufdatung ...

Valid as long as resistances near 1.2537 - 1.2566 may curtail the upside for now ...

Which looks very likely atm ...

Otherwise major move down might have been done soon as well ...

Corrective rallies are expected later ...

Rythmwise ... first up then down again ...

Elliott eyes towards 1.2398 ...

Overall :

Trying to find prop up for a corrective rally later ...






palim palim






;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #662,968
  • Jun 28, 2012 5:16pm Jun 28, 2012 5:16pm
TGT 1.2390
  • #662,969
  • Jun 28, 2012 5:16pm Jun 28, 2012 5:16pm
there are three 4 hourly close candles at 1.2425

what does this means can anyone guide?
  • #662,970
  • Jun 28, 2012 5:19pm Jun 28, 2012 5:19pm
Strong support, if it breaks..1.23xx is next
  • #662,971
  • Jun 28, 2012 5:29pm Jun 28, 2012 5:29pm
Quoting Afarensis
Strong support, if it breaks..1.23xx is next
5th of Jan 1997 12412 was taken and the pair reached 0.8221
  • #662,972
  • Jun 28, 2012 5:31pm Jun 28, 2012 5:31pm
Quoting ptetech
there are three 4 hourly close candles at 1.2425

what does this means can anyone guide?
it means there is hardly any trading going on... wait for volatility to kick back in and see which direction it goes
  • #662,973
  • Jun 28, 2012 5:37pm Jun 28, 2012 5:37pm
Strong signal to sell from Ichimoku Kinko Hyo on the 2H chart. The Bollinger bands say there is high volatility so the trend down could persist.
  • #662,974
  • Edited 6:35pm Jun 28, 2012 6:00pm | Edited 6:35pm
Quoting klopfzeichen
Strong signal to sell from Ichimoku Kinko Hyo on the 2H chart. The Bollinger bands say there is high volatility so the trend down could persist.
Thanks for the intersting statement. neither watch the 2h chart nor do I use bollingers.... have you got a chart for that or can you explain where the strong signal is coming from since h2 has been short for a while with very good signal and now we only might look at a continuation.

H2 showed Kumo resistance earlier on thursday at 1.2521 - that would have been the moment to add to short. other than that I would rather wait and see if we reach H1 resistance from kijun sen around 1.256 (edit: 1.246; typo) or wait and add below h1 tenkan sen 24323 if support fails.
  • #662,975
  • Jun 28, 2012 6:24pm Jun 28, 2012 6:24pm
Quoting 2046
Thanks for the intersting statement. neither watch the 2h chart nor do I use bollingers.... have you got a chart for that or can you explain where the strong signal is coming from since h2 has been short for a while with very good signal and now we only might look at a continuation.

H2 showed Kumo resistance earlier on thursday at 1.2521 - that would have been the moment to add to short. other than that I would rather wait and see if we reach H1 resistance from kijun sen around 1.256 or wait and add below h1 tenkan sen 24323 if support fails.
You are absolutely right it's a continuation. I was just refering to the kijun sen going over the tenkan sen (thus giving strong sell signal) five hours ago. Other than that the resistance given by the kijun sen you are refering to is at 1.246 not 1.256. And I find your overall analysis pretty compelling.

http://img820.imageshack.us/img820/6417/28062012eu.jpg
  • #662,976
  • Jun 28, 2012 6:34pm Jun 28, 2012 6:34pm
Quoting klopfzeichen
You are absolutely right it's a continuation. I was just refering to the kijun sen going over the tenkan sen (thus giving strong sell signal) five hours ago. Other than that the resistance given by the kijun sen you are refering to is at 1.246 not 1.256. And I find your overall analysis pretty compelling.
You are right as well with 246 (256 is a typo). 246 also happens to be the approx level of h2 tenkan sen. success with your setup!, h1 cci is looking in your favour at the moment.
  • #662,977
  • Jun 28, 2012 6:45pm Jun 28, 2012 6:45pm
Quoting 2046
You are right as well with 246 (256 is a typo). 246 also happens to be the approx level of h2 tenkan sen. success with your setup!, h1 cci is looking in your favour at the moment.
Oh yeah, you're right about CCI. I don't like to watch PKS or CCI though, messes up with my mind.
  • #662,978
  • Jun 28, 2012 7:06pm Jun 28, 2012 7:06pm
Good day, next is my personal opinion about the daily time frame review for the set and forget aproach.

As the EUR/USD falls again on New York session for the 5th time in a row, it formed an Outside Bar candlestick against Wednesday price action.

http://2.bp.blogspot.com/-WHM4HdXfs7...06-28+-+01.gif


This is the daily time frame chart where price finally touched the lower Bollinger Band, indicating a take out signal for profits if you were short since the setup appeared, at least for half of the position, and let the other half run to the 1.2340 level, although given the recent action a retracement is also pretty likely.

  • #662,979
  • Jun 28, 2012 7:22pm Jun 28, 2012 7:22pm
Quoting Eric D
Good day, next is my personal opinion about the daily time frame review for the set and forget aproach.

As the EUR/USD falls again on New York session for the 5th time in a row, it formed an Outside Bar candlestick against Wednesday price action.


http://2.bp.blogspot.com/-WHM4HdXfs7...06-28+-+01.gif





[left]This is the daily time frame chart where [font=Arial]price finally touched the lower Bollinger Band, indicating a take out signal for profits...
Goody Mate !!
thanks for that nicely done out look and analysis , do u have any idea about the retracement if it happenes up to what level ??

cheers !!!!
“Don't cry because it's over, smile because it happened.”
  • #662,980
  • Jun 28, 2012 7:54pm Jun 28, 2012 7:54pm
Quoting balanced2012
Goody Mate !!
thanks for that nicely done out look and analysis , do u have any idea about the retracement if it happenes up to what level ??

cheers !!!!
Thank you for the kind words balanced2012, since the trend is still technically down for the daily, a retracement might not be to large in extent nor I would trade against it, however there is no closer support level than the 1.2740 spot depicted in the green horizontal line, that just in the case price breaks above the Outside Bar around 1.2523 and the trigger channel (5 SMA of lows and a 5 SMA of highs), CCI should be leaving the oversold area too in that case.

http://4.bp.blogspot.com/-EzVvHnFIC5...06-28+-+03.gif

That is the 4 hourly chart, for a zoom into the intraday price action, divergence has been forming for days but I normally use it to sell a rally in a downtrend like this one, not to pick bottoms though, red horizontal line is still somewhat high and price action looks more likely to form a consolidation than retracement, you may see it rise to the 1.2520 in this time frame but that place is of strong resistance in my opinion.
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