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  • #341
  • Jul 4, 2012 9:12am Jul 4, 2012 9:12am
Quoting AlwaysLost
Hello Luis ,

I don't know anything about EW. After reading ur post its create the interest to learn . Just to clarify with u, there are 5 impulse waves and 3 corrective waves . When labeling each waves the following symbols are used (see attachment).

Reference to ur chart below, don't u mind to explain :

1. What are wave x , w and d .
2. Wave a , b where is wave c.
3. Wave i, ii, iii, iv and where is wave v.

Hi man. Look there is abc. For example red count abA that is abc but I dont use the c cause to much letters, it should be (abc) and all of that is A. Also i-ii-iii-iv-v I dont use v i-ii-iii-iv-a that means "a" is the 5 waves. I hope is clear

ADD: also abcde I use abcd1 1 ends the 5 waves...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #342
  • Jul 4, 2012 9:28am Jul 4, 2012 9:28am
Quoting Luis Carlos
Hi man. Look there is abc. For example red count abA that is abc but I dont use the c cause to much letters, it should be (abc) and all of that is A. Also i-ii-iii-iv-v I dont use v i-ii-iii-iv-a that means "a" is the 5 waves. I hope is clear

ADD: also abcde I use abcd1 1 ends the 5 waves...
Thanks Luis.
  • #343
  • Jul 4, 2012 9:42am Jul 4, 2012 9:42am
AlwaysLost,

check post#7893 of the following link:

http://www.forexfactory.com/showthre...01169&page=527

Put it on your pin wall.

Sixer
  • #344
  • Edited 10:07am Jul 4, 2012 9:50am | Edited 10:07am
Check out the sudden strength in the us$... Did any fundamental news cone out or is it just stop running?

Olu
If you think you can or cannot do it you are correct
  • #345
  • Jul 4, 2012 10:09am Jul 4, 2012 10:09am
Quoting Olu
Check out the sudden strength in the us$...

Olu
It could be just B. Until now perfect retracement to last wave 4
Attached Image (click to enlarge)
Click to Enlarge Name: dollar1h.png Size: 59 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #346
  • Jul 4, 2012 10:13am Jul 4, 2012 10:13am
The market just touch the EW trendline I expect 1.2503 to finish C .

If there is a wave 3 it should go to 1.2430 but that it first should correction to @ 1.255/1.256 then down...
Attached Image (click to enlarge)
Click to Enlarge Name: eu.1h2.png Size: 49 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #347
  • Jul 4, 2012 10:41am Jul 4, 2012 10:41am
Quoting Luis Carlos
It could be just B. Until now perfect retracement to last wave 4
Which means we should see impulsive weakness now in the US$ and strength in the euro.... not good for a short nzdusd position like mine...

Olu
If you think you can or cannot do it you are correct
  • #348
  • Jul 4, 2012 12:32pm Jul 4, 2012 12:32pm
Quoting Olu
Which means we should see impulsive weakness now in the US$ and strength in the euro.... not good for a short nzdusd position like mine...

Olu
No, maybe the kiwi ends @0,8011... then higher
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #349
  • Jul 4, 2012 12:33pm Jul 4, 2012 12:33pm
maybe wave 4 done
Attached Image (click to enlarge)
Click to Enlarge Name: jul.04.eu.1h.PNG Size: 56 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #350
  • Jul 4, 2012 1:15pm Jul 4, 2012 1:15pm
Analyzing the pair MAYBE "wave C" will finish @ (1.2474-1.2470) ASK chart.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #351
  • Jul 4, 2012 2:45pm Jul 4, 2012 2:45pm
Quoting Almondeyed
UPDATE

http://imageplay.net/img/tya22274137/EURUSD4.jpg
Deep RSI reeding still favor preferred scenario above. Harmony of the waves good so far too. So it won't be wrong to say we just saw the 3rd way of an impulsive move at 1.2507 which was already in my target area. Today high 1.2543 is close to 1.2545 23.6% fibonacci level. While wave B of Wave 3 and Wave 2 was deep, it is very likely to see shallow Wave 4. So we assume that wave 4 already unfolded and we may see new lows by time. If Wave 4 already completed, wave 5 should be at least 1.2451 but for more precise forecasts we need to see wave A of Wave 5. If price go above 1.2610 this count become invalid and general picture become bullish.

http://imageplay.net/img/tya22274252/EURUSD5.jpg
  • #352
  • Jul 4, 2012 4:24pm Jul 4, 2012 4:24pm
If Wave C target is touch doesnt mean that the market will go bullish... Could be 1-2 of the wave 3 and that 2 could be a trap.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min2.PNG Size: 61 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #353
  • Jul 4, 2012 4:36pm Jul 4, 2012 4:36pm
Here you can see some scenarios for ECB

http://chart.ly/ojspwun
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #354
  • Jul 4, 2012 8:27pm Jul 4, 2012 8:27pm
Here we are in the euro dollar.

1. If this i-ii, the market could go lower than I expected, needs to break 1.2509.

2. Breaking 1.2545 or 1.2514 invalidate the triangle.

3. Breaking 1.2545 is the problem, could be still unfolded wave 4 or just the correction is over and go higher.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min2.png Size: 45 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #355
  • Jul 4, 2012 9:18pm Jul 4, 2012 9:18pm
D1
Attached Image (click to enlarge)
Click to Enlarge Name: EUD.png Size: 26 KB
If there was easy money lying around,no one would be forcing it into your
  • #356
  • Jul 4, 2012 9:27pm Jul 4, 2012 9:27pm
Quoting FXMindset
D1
What do you mean Joei?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #357
  • Jul 4, 2012 9:40pm Jul 4, 2012 9:40pm
The best way to confirm bears is breaking that RSI trendline, retested and down again and then dont break the 50 line in the RSI.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jul02_eu_4h.PNG Size: 58 KB
Click to Enlarge Name: eu.4h.png Size: 43 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #358
  • Jul 4, 2012 10:04pm Jul 4, 2012 10:04pm
Quoting Luis Carlos
What do you mean Joei?
Bear candle,am looking for sell if the PA match
If there was easy money lying around,no one would be forcing it into your
  • #359
  • Jul 4, 2012 10:51pm Jul 4, 2012 10:51pm
Quoting FXMindset
Bear candle,am looking for sell if the PA match
D1 Area
Attached Image (click to enlarge)
Click to Enlarge Name: EUD.png Size: 25 KB
Attached Image
If there was easy money lying around,no one would be forcing it into your
  • #360
  • Jul 5, 2012 1:26am Jul 5, 2012 1:26am
Little change to outlook yesterday went exactly as stated in the morning a push to 1.255x then 1.250x.

Daily:
Still in correction 1.328x to 1.228x (invalid once broken)
On possible wave C of simple ABC correction target cluster is 1.283x to 1.295x. Intermediate targets 1.269x, 1.274x, 1.278x
Strong confirmation if we take the recent high @ 1.269x.
Wave C assumption invalid if we breach 1.240x
Hourly:
In probable wave C of correction of move up 1.240x to 1.269x (invalid once broken)
Already achieved more than 61.8% and lifted straight off the primary target of 1.250x yesterday when hit.

Summary: expect run to test 1.269x with risk of a further dip diminishing.
Approach: buy dips or a break of 1.255x

already long
Attached Image(s) (click to enlarge)
Click to Enlarge Name: a1.png Size: 37 KB
Click to Enlarge Name: a2.png Size: 40 KB
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