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  • #664,241
  • Jul 2, 2012 10:00pm Jul 2, 2012 10:00pm
Quoting sukkim
How to read this your analysis?
It is all about Elliott, Fibonacci-Sequences, Pivotal-Methods and so on in a very easy to read survey ...

A legend is provided there inside and it compares all those things on a daily, weekly, monthly, quarterly and yearly basis and many things more ...

An estimation is provided there to from time to time ...

It is inside the TABLE ...

Unfortunately sometimes in German ... but that must not be a big hurdle with "bablefish" I think ...




;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #664,242
  • Jul 2, 2012 10:00pm Jul 2, 2012 10:00pm
1hr chart have inverse hammer.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #664,243
  • Jul 2, 2012 10:01pm Jul 2, 2012 10:01pm
Good day to you,

Initial plan on 4hr - entered on confluence of fractal low and bullish divergence. Allows me a tight stop.

Looking to break previous high to initiate 123 pattern trade. Worth the risk. Who knows?

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: euhr.jpg Size: 89 KB
  • #664,244
  • Jul 2, 2012 10:03pm Jul 2, 2012 10:03pm
Quoting mercy seat
It is all about Elliott, Fibonacci-Sequences, Pivotal-Methods and so on in a very easy to read survey ...

A legend is provided there inside and it compares all those things on a daily, weekly, monthly, quarterly and yearly basis and many things more ...

An estimation is provided there to from time to time ...

It is inside the TABLE ...

Unfortunately sometimes in German ... but that must not be a big hurdle with "bablefish" I think ...



;-|
Thank you very much, I am trying to learn it.
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #664,245
  • Jul 2, 2012 10:06pm Jul 2, 2012 10:06pm
Quoting heispark
Hi,

If you don't mind, would you please elaborate your usage or application of Gann HiLo indicator? I'm interested in this indicator...

Thanks
Justin
Just google Gann HiLo, you'll find lot more there than I can explain here.
Or start reading the "Auslanco" thread here on this forum, which is maybe even better.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #664,246
  • Jul 2, 2012 10:41pm Jul 2, 2012 10:41pm
My plan for the day is to continue to look for short only entries. I think the June advance is corrective in nature, (still) and although the Summit hopium rally is impressive, it failed to take out the June monthly high, and we gave back half the rally as "the devil is in the details" aspects of the "deal" came to light yesterday.

Add to that extremely weak ISM numbers from the US... including the worst new orders number in over a decade... and a complete global slowdown picture comes increasingly into focus... not conducive to Euro upside. Everyone knows by now that rate cut is in the offing Thursday, and this is not conducive to Euro upside.

Bond yields remain low and EURUSD has traded back down to the weekly pivot... a nice comfy zone that shows no conviction either way. This shows a "the jury is still out" attitude regarding summit developments in the market at this time. Summit judgement... which I maintain will ultimately be negative at this time shows no commitment either way...

If you consider that Wednesday is a major US holiday with all markets closed, and Thursday and Friday loaded with some of the highest impact data of each month, it seems most likely that the market will fail to get any sustained move underway in either direction today.... the market often takes a pause before key data at some equilibrium point. I expect range trading conditions through the light liquidity Wednesday US holiday ahead of key data to follow.

Range traders should have feasting conditions ahead.
  • #664,247
  • Jul 2, 2012 10:41pm Jul 2, 2012 10:41pm
Outlook for today

Daily:
In correction of 1.328x to 1.228x move down.
On wave C of simple ABC correction giving probable target zone 1.283x to 1.290x.
Wave C confirmed when price exceeds 1.2747, invalid below 1.2406.
Coreection valid until 1.328x or 1.228x gives andbecomes unlikely outcome if 1.3070 gives.

Hourly:
The probable wave C has retraced over 80% of the wave B indicating that a continuation to the upside is more likely.
Possible that it may dip slight towards 1.251x first watch for rejection around 1.255x to 1.256x.
See targets in daily with intermediate target of 1.274x on the hourly also.
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  • #664,248
  • Jul 2, 2012 10:52pm Jul 2, 2012 10:52pm
looks like a bullish divergence on H4.Entered long and sl below the fractal
Read the chart... Fundies are catalyst...
  • #664,249
  • Jul 2, 2012 10:55pm Jul 2, 2012 10:55pm
Quoting TauTrader
Good day to you,

Initial plan on 4hr - entered on confluence of fractal low and bullish divergence. Allows me a tight stop.

Looking to break previous high to initiate 123 pattern trade. Worth the risk. Who knows?

Regards
I am with you man
Read the chart... Fundies are catalyst...
  • #664,250
  • Jul 2, 2012 10:56pm Jul 2, 2012 10:56pm
Additional hints of how to read those "Levels" mentioned there ...

2012-07-02_23h15 - ZigZag + Pivot Survey _ EURUSD _ Rollover _ W-27 # A15 (Text DE)


Summary:

We are in a situation that can be described with the words as follows:

It seems to be a "sell the rallies situation" as long as prices are curtailed below 1.2674 - 1.2693 area ...

Projection with Elliott:

Counts down as you can see ... down from 1.2693 (last significant high) ... with projections towards 1.2539 (pivotal) and 1.2516 (Elliott flat correction down) ...

On a 3-Day and Weekly basis it points even lower ...

Counts down as you can see ... towards 1.2518 and 1.2464 ... anticipated as "correction zigzag 1.2518" ...

Starting point has been 1.2748 (last significant high and turning point) ... see weekly table (column O + P) ...

###

Additional hints of how to read those "Levels" mentioned there ...

Most important keys are those ... which are meant on a day to day view ...

You can read the "LEVELS" in column E + F and column J + K ...

That is most likely and valid for a 24-hours time frame ... which is also known as being the "MASTER KEY" ...




Good luck!





;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #664,251
  • Jul 2, 2012 11:07pm Jul 2, 2012 11:07pm
Quoting bold
Buy @ 1.2585
Take Profit 1.2720
Stop loss 1.2512

http://i47.tinypic.com/amcv3k.gif
So far so good.
Save the last dance for me
  • #664,252
  • Jul 2, 2012 11:29pm Jul 2, 2012 11:29pm
Current price at previous support.
Attached Image (click to enlarge)
Click to Enlarge Name: 02 03-Jul 02.28 AM.jpg Size: 93 KB
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #664,253
  • Jul 2, 2012 11:37pm Jul 2, 2012 11:37pm
Quoting sukkim
Current price at previous support.
In order to be more accurate ...

Currently prices are around daily central pivotal area ...

DPP is at around 1.2607 today ...

DPP is not a beton wall ... it is stretched from aprox. 1.2607 until aprox. 1.2616 and 1.2627 (also known as upper and lower Écart-Clouds) see column K row 38 and row 40 ...



2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #664,254
  • Jul 2, 2012 11:40pm Jul 2, 2012 11:40pm
how boring...

crude oil is still up
dax is still up
gold still bullish....EU still looking very bullish...any upward move would mostly see us above 1.27....time will tell....sidelines for now..
It is possible to make large sums trading, small losses, large wins
  • #664,255
  • Jul 2, 2012 11:41pm Jul 2, 2012 11:41pm
Quoting Crassius
My plan for the day is to continue to look for short only entries. I think the June advance is corrective in nature, (still) and although the Summit hopium rally is impressive, it failed to take out the June monthly high, and we gave back half the rally as "the devil is in the details" aspects of the "deal" came to light yesterday.

Add to that extremely weak ISM numbers from the US... including the worst new orders number in over a decade... and a complete global slowdown picture comes increasingly into focus... not conducive to Euro...
Exactly, though the range may even be too shallow.
"The market can remain irrational longer than you can remain solvent"
  • #664,256
  • Jul 2, 2012 11:50pm Jul 2, 2012 11:50pm
Quoting mercy seat
In order to be more accurate ...

Currently prices are around daily central pivotal area ...

DPP is at around 1.2607 today ...

DPP is not a beton wall ... it is stretched from aprox. 1.2607 until aprox. 1.2616 and 1.2627 (also known as upper and lower Écart-Clouds) see column K row 38 and row 40 ...



Alright, Thanks
TRADE WHAT U SEE NOT WHAT U WANT TO SEE.
  • #664,257
  • Jul 2, 2012 11:52pm Jul 2, 2012 11:52pm
GM to all, lets see if it can hold 12
I have next 34 but hmm wish to see one long candle to that price ... not sure about that...2593 shoul hold
  • #664,258
  • Jul 2, 2012 11:59pm Jul 2, 2012 11:59pm
Quoting Crassius
My plan for the day is to continue to look for short only entries. I think the June advance is corrective in nature, (still) and although the Summit hopium rally is impressive, it failed to take out the June monthly high, and we gave back half the rally as "the devil is in the details" aspects of the "deal" came to light yesterday.

Add to that extremely weak ISM numbers from the US... including the worst new orders number in over a decade... and a complete global slowdown picture comes increasingly into focus... not conducive to Euro...
Roughly agree!Today I am looking for 1.2628 to enter short position.
"Study the past if you would define the future." Confucius
  • #664,259
  • Jul 2, 2012 11:59pm Jul 2, 2012 11:59pm
UK commenced
  • #664,260
  • Edited 12:07am Jul 3, 2012 12:06am | Edited 12:07am
Quoting littlemole
Roughly agree!Today I am looking for 1.2628 to enter short position.
My only caveat is that that I don't think 1.2600 or even the weekly pivot slightly lower is a equilibrium point for the market to oscillate around ahead of the ECB decision....

I think a neutral point would be 1.2500... and that's a 100 pips away from where we are now... but perhaps I am just too bearish...
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