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  • #381
  • Jul 5, 2012 9:25am Jul 5, 2012 9:25am
Quoting Luis Carlos
You are right!
i dont know my english correct or not..i even dont understand what am post
If there was easy money lying around,no one would be forcing it into your
  • #382
  • Jul 5, 2012 9:36am Jul 5, 2012 9:36am
Quoting Almondeyed
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...

As price break 1.2406, preferred scenario confirmed and it seems that Wave 3 is already under way... When have time i will give my targets in detail
  • #383
  • Jul 5, 2012 9:45am Jul 5, 2012 9:45am
Quoting Luis Carlos
If the price go to @0.98 and then break 1.03 I will give you a voucher
Carlos... not sure if wave c of the expanded flat we spoke of is unfolding or not... I hope so, my entry was decent - drawdown total less than 3 pips...

We'll see how it plays out...

Happy Trading
Attached Image (click to enlarge)
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  • #384
  • Jul 5, 2012 9:55am Jul 5, 2012 9:55am
Quoting FXMindset
i dont know my english correct or not..i even dont understand what am post
I understand what you mean
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #385
  • Jul 5, 2012 9:59am Jul 5, 2012 9:59am
Quoting Luis Carlos
I understand what you mean
is it because.....one heart,one feel
If there was easy money lying around,no one would be forcing it into your
  • #386
  • Jul 5, 2012 10:02am Jul 5, 2012 10:02am
Quoting deanoracer
Carlos... not sure if wave c of the expanded flat we spoke of is unfolding or not... I hope so, my entry was decent - drawdown total less than 3 pips...

We'll see how it plays out...

Happy Trading
Waiting until tomorrow NFP
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #387
  • Jul 5, 2012 10:34am Jul 5, 2012 10:34am
interesting day, had a quick look as what it does to the forecasts.

bear in mind I use last major swing, ABC and 5 wave patterns, fibs etc.

So EU...

Daily has been correcting the 1.328x to 1.228x move and is in a simple ABC but the since it took out 1.240x it means we are still on wave B and not C.

It also means there is not a lot of room left to void the correction if 1.228x gets hit. Taking the todays current low as wave C start (I know not confirmed in anyway) it gives us a nice set of targets - see chart.

An alternative count that shows us in wave 5 of a 5wave pattern indicates two clusters of targets for me (see chart) and we have just nudged the first and it could be that this turns out to be short 5th wave or that we could see a further drop towards 1.216x.

Either way I suspect that tomorrow will give us the answer but all the time we do not breach todays low 1.236x I will looking to take longs from here even if only for the retracement.
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  • #388
  • Jul 5, 2012 11:47am Jul 5, 2012 11:47am
Quoting MaxDoom
interesting day, had a quick look as what it does to the forecasts.

bear in mind I use last major swing, ABC and 5 wave patterns, fibs etc.

So EU...

Daily has been correcting the 1.328x to 1.228x move and is in a simple ABC but the since it took out 1.240x it means we are still on wave B and not C.

It also means there is not a lot of room left to void the correction if 1.228x gets hit. Taking the todays current low as wave C start (I know not confirmed in anyway) it gives us a nice set of targets - see chart.

An alternative count that...
Exactly that is why I am not bear yet. Perfect ABC level is 1.2355. So the market could complete the wave X or need to touch 1.2355 to get higher... So I will wait until tomorrow..
Attached Image(s) (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #389
  • Jul 5, 2012 12:01pm Jul 5, 2012 12:01pm
Still regreting I sold Euro Aussie 1.30 and closed 1.27. Now, it is at 1.20 What a IDIOT
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #390
  • Jul 5, 2012 12:01pm Jul 5, 2012 12:01pm
Quoting Luis Carlos
Exactly that is why I am not bear yet. Perfect ABC level is 1.2355. So the market could complete the wave X or need to touch 1.2355 to get higher... So I will wait until tomorrow..
can you please explain why you think this will go up again ?

why not 4 (1,2,3) ?

Also people are not posting there ew counts. felling this thread is going to be useless soon.
Trend Is Friend
  • #391
  • Jul 5, 2012 12:08pm Jul 5, 2012 12:08pm
Quoting Luis Carlos
Still regreting I sold Euro Aussie 1.30 and closed 1.27. Now, it is at 1.20 What a IDIOT
I wont allowed u said that
It hurt my ass !

Sorry...I mean my heart ~

Inserted Video
If there was easy money lying around,no one would be forcing it into your
  • #392
  • Jul 5, 2012 12:14pm Jul 5, 2012 12:14pm
Attached Image (click to enlarge)
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  • #393
  • Jul 5, 2012 12:17pm Jul 5, 2012 12:17pm
Quoting SlyQsx
Attachment
perfect count. thanks for share.
Trend Is Friend
  • #394
  • Jul 5, 2012 12:31pm Jul 5, 2012 12:31pm
Quoting FXMindset
I wont allowed u said that
It hurt my ass !

Sorry...I mean my heart ~

http://www.youtube.com/watch?v=_1_MydgRFZw
thank you pal!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #395
  • Jul 5, 2012 12:34pm Jul 5, 2012 12:34pm
Quoting polatok
can you please explain why you think this will go up again ?

why not 4 (1,2,3) ?

Also people are not posting there ew counts. felling this thread is going to be useless soon.
dont come
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #396
  • Jul 5, 2012 12:35pm Jul 5, 2012 12:35pm
For someone who is just getting started with EW, this is a great post. Just got started with downloading the PDF's. My beginner's mind tells me that EW is pretty much on the same lines as say trends.. i.e prices tend to move in trends and EW kind of encapsulates the same idea but perhaps takes a different perspective on things.

Thanks a ton nonetheless.
Why is there so much "negative" news in the markets these days?
  • #397
  • Jul 5, 2012 12:38pm Jul 5, 2012 12:38pm
Quoting polatok
can you please explain why you think this will go up again ?

why not 4 (1,2,3) ?

Also people are not posting there ew counts. felling this thread is going to be useless soon.
Brother Polatok,

instead of complaining you are doing what you not seeing...you are not posting your charts....

be good you're not the only trader that took a hit today...
Wooooohooooo or Boooooohooooo
  • #398
  • Jul 5, 2012 12:48pm Jul 5, 2012 12:48pm
Quoting polatok
can you please explain why you think this will go up again ?

why not 4 (1,2,3) ?

Also people are not posting there ew counts. felling this thread is going to be useless soon.
http://www.forexfactory.com/showthre...64#post5817264

http://www.forexfactory.com/showthre...52#post5817452

http://www.forexfactory.com/showthre...79#post5816979

http://www.forexfactory.com/showthre...38#post5815038


WHERE IS YOURS ?
  • #399
  • Edited 2:29pm Jul 5, 2012 2:26pm | Edited 2:29pm
Quoting Almondeyed
As price break 1.2406, preferred scenario confirmed and it seems that Wave 3 is already under way... When have time i will give my targets in detail
http://imageplay.net/img/tya22274391/EURUSD6.jpg

I made little change on my wave count... Just made wave a little longer then yesterday length and give more way to wave 3 after strong rally. Now possible to forecast where will Wave 3 end. 1.2286-89 area fits well Wave 1-2-3, Wave a,b,c and inner wave c fibonacci projections. By the way i have already eliminated bullish count.
  • #400
  • Jul 5, 2012 3:53pm Jul 5, 2012 3:53pm
Quoting derago21
For someone who is just getting started with EW, this is a great post. Just got started with downloading the PDF's. My beginner's mind tells me that EW is pretty much on the same lines as say trends.. i.e prices tend to move in trends and EW kind of encapsulates the same idea but perhaps takes a different perspective on things.

Thanks a ton nonetheless.
TY Der. The problem with beginners are three, that I had:

1. try to find 1-2-3-4-5 waves.

ABC moves more the market

a. what happen if you see 5 waves and the impulsive rules dont match

you have: a b c d e (triangle, diagonal)

also you could have: A a b B C or a b A B C or more could be any correction pattern.

b. what happen if you see 7 waves and the impulsive rules dont match:

you have: A B W X A B Y

what happen if you see 7 waves and the impulsive rules match:

you have a FLAT: A B 1 2 3 4 5 (5 is C, ABC)

c. what happen if you see 9 waves and the impulsive rules match:


you have an extension: 1-2-i-ii-iii-iv-3-4-5

So, there is a lot of possibilities no just 12345 that why people always EW dont work and it is because they dont understand.

2. Second mistake, just look for one count. At least you have to count 5 path and put confirmation price to eliminate them and then you will see which one is better.

3. Dont use just EW to trade you need help it with basics like trendlines, big news (Central Banks, and US) fib, correlations, divergences, etc...
Stocktwit: LuisCarlos - twitter: @lcparodi
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