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  • #421
  • Jul 6, 2012 2:47pm Jul 6, 2012 2:47pm
I think this is the worse week for the euro this year...

I am showing now 4 bear paths and 1 bull. Never forget to have paths for both sides.

You can look the bear path are very similar, just change some the count. I prefer the first one. If this wave is finished I think it did, we need to get the pullback (1.236 - 1.240)for shorts. These bear paths could send us to 1.185 until now.

The last one bear path is the most destructive. It could go to @1.1400

Also dont forget the bull one to keep in mind

For me (1.236 - 1.240) is a perfect short target 1.185

Have a nice weekend all. Next week I think I am not going to write here in FF, because I am moving out to my new home
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #422
  • Jul 6, 2012 2:52pm Jul 6, 2012 2:52pm
Quoting FXMindset
Weekly & Daily/H4

D1 S turn Become R now
Have a nice weekend Joei. I have to go now My wife is waiting
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #423
  • Jul 6, 2012 3:50pm Jul 6, 2012 3:50pm
hi Carlos,
thanks for the thread and the work that you do.. I downloaded the pdf files, dont know if you realize, the , trading in the zone file is in spanish, mi no habla espaniol If you have a english version that be great.. have a nice weekend, snagged 56 pips on NFP.. assumed the 3rd wave was underway 4h tf
thanks
kdog
  • #424
  • Jul 6, 2012 4:09pm Jul 6, 2012 4:09pm
Quoting kdog61
hi Carlos,
thanks for the thread and the work that you do.. I downloaded the pdf files, dont know if you realize, the , trading in the zone file is in spanish, mi no habla espaniol If you have a english version that be great.. have a nice weekend, snagged 56 pips on NFP.. assumed the 3rd wave was underway 4h tf
thanks
kdog
No I haven't. Just google that
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #425
  • Jul 7, 2012 12:58am Jul 7, 2012 12:58am
Quoting Luis Carlos
No I haven't. Just google that
mr. carlos. did WXY or WXYXZ pattern has fibonacci relationship? if yes, can u help me
14QDuJtV7okxhBzC86FwawaR6tV5LvetLq
  • #426
  • Jul 7, 2012 10:12am Jul 7, 2012 10:12am
Quoting ud1nh0
mr. carlos. did WXY or WXYXZ pattern has fibonacci relationship? if yes, can u help me
Yes, W should be equal to Y and Y equal to Z, but that doesnt happen often. So could be some fib level, like 0,5 0,618 0,76, 0,88 1,0 , 1,27, 1,5 1,61, 2, etc...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #427
  • Jul 7, 2012 10:57am Jul 7, 2012 10:57am
Quoting Luis Carlos
I think this is the worse week for the euro this year...

I am showing now 4 bear paths and 1 bull. Never forget to have paths for both sides.

You can look the bear path are very similar, just change some the count. I prefer the first one. If this wave is finished I think it did, we need to get the pullback (1.236 - 1.240)for shorts. These bear paths could send us to 1.185 until now.

The last one bear path is the most destructive. It could go to @1.1400

Also dont forget the bull one to keep in mind

For me (1.236 - 1.240) is a perfect short...
Using fib levels, another area to consider for "X" correction is (1.243-1,245)
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #428
  • Jul 8, 2012 12:21am Jul 8, 2012 12:21am
If that is a flat that the 3 wave of a correction must go lower than the start of wave A because it looks like a normal flat so potential target area should be below 75.00 Waves works perfectly with crude and gold because I thinking we are moving at the end of cycle ....................

Expect better results in terms of efforts because GOld and crude rallied in gloom periods and when there is a start of recession both fall specially crude..............

Crude also rallied most of the time with S & P But since last 6 to 8 months they both went in opposite directions So I am expecting both of them to meet at one point may lot of selling rally to follow on Dow and U.s markets .............or Crude will rally. Crude actually is best to rally if position in the Iran does not improve I am expecting another retracement to 60% fibo level and then another third way decline towards 60.00 area But if things remain the same then crude is long to go still downwards.

Don't mind if I am disturbing anybody here. I was looking for cound of aussie and kiwi on elliott wave threads and found Yours and think of replying to your crude chart................

Thanks and regards

AMAn




Quoting Luis Carlos
Here is another example.

Looking for a ABC correction uses a fib expantion and we can find some targets for the next years. That is good to know because if you are a buyer and you are in those levels next years, the risk is too high to buy because we expect a swing down.

Also look at that could have FLAT correction. Using fib expantion we try to look at the equal wave as a target, that is 70.68 as a correction ending, but could be other targets like 1.272 or 1.618 fib levels or a good support. So you cant buy there before look a confirmation...
  • #429
  • Jul 8, 2012 3:00am Jul 8, 2012 3:00am
Quoting aman4forex
If that is a flat that the 3 wave of a correction must go lower than the start of wave A because it looks like a normal flat so potential target area should be below 75.00 Waves works perfectly with crude and gold because I thinking we are moving at the end of cycle ....................

Expect better results in terms of efforts because GOld and crude rallied in gloom periods and when there is a start of recession both fall specially crude..............

Crude also rallied most of the time with S & P But since last 6 to 8 months they both went...
Hi Aman, Ty for share your thoughts.

Yes, I think oil should go down below 77.00. Now we could unfolded wave4 as the green count and maybe oil should go a little more higher before resume the downtrend. So the same to Aussie and Kiwi. Think Euro should correct up some this week and in someday of the week the aussie and kiwi should go more higher compare with the actual price, but maybe dont break the last high. So then resumen the downtrend
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #430
  • Jul 8, 2012 10:12am Jul 8, 2012 10:12am
Quoting Luis Carlos
Hi Aman, Ty for share your thoughts.

Yes, I think oil should go down below 77.00. Now we could unfolded wave4 as the green count and maybe oil should go a little more higher before resume the downtrend. So the same to Aussie and Kiwi. Think Euro should correct up some this week and in someday of the week the aussie and kiwi should go more higher compare with the actual price, but maybe dont break the last high. So then resumen the downtrend
Ya thanks for the reply the recent daily chart of crude oil clears the picture whether wave 4 has completed or we are still in wave 4 But beleive me I think its not over yet........

.We are still in wave 4 and the recent decline from 90.00 Level clarify it. But still there are lot of possibiliities Because I trade crude and gold most of the time untill I find the opportunity in currencies Because of volitality.............whatever happens crude moves 150 to 200 pips daily...............So I would advised everybody to trade crude because it is very easy to trade .............here is my crude weekly update ..............I am looking for a possible cound on daily as well but very confused and waiting for that wave 4 to unfolds.


Thanks a lot for your response

Regards
Aman
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  • #431
  • Jul 9, 2012 12:34pm Jul 9, 2012 12:34pm
My view in aussie. If 1 is done. Pullback to at least 50% of fib 1.0240, short there target 1.0025 looking for a H&S. The reenter short @1.010
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #432
  • Jul 9, 2012 1:15pm Jul 9, 2012 1:15pm
MAYBE!!!

We need some retracement to resume to 1.0225/40... BY THE WAY IF 1 IS DONE.
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #433
  • Jul 9, 2012 2:07pm Jul 9, 2012 2:07pm
Some targets to consider. 0,9200 or 0.9050
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #434
  • Jul 9, 2012 2:18pm Jul 9, 2012 2:18pm
Louis,

Do you have any recipes or know how to make a nice and delicious white bread?


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #435
  • Jul 9, 2012 2:43pm Jul 9, 2012 2:43pm
Quoting FXMindset
Louis,

Do you have any recipes or know how to make a nice and delicious white bread?


Thanks
No, man I have not, just for cookies
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #436
  • Jul 9, 2012 9:33pm Jul 9, 2012 9:33pm
Hi Carlos and Traders.... Happy Monday...

My bias is for price to continue its decline. It may retest its daily 200sma and the “WKLY F3” diagonal first. Price may be developing into a wave:c of an expanded flat pattern... with minimum expected targets for this particular pattern very near 9915.

EXIT STRATEGY: If price cannot remain below the “WKLY F3” diagonal, the anticipation is for price to test the “BULL 3” target zone(10362/10378).

I had a short order filled at 10328 on the 5th of July while I was sleeping and am hoping the expanded flat pattern plays out...

This is the fun part!!!
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  • #437
  • Jul 10, 2012 12:18am Jul 10, 2012 12:18am
Quoting deanoracer
Hi Carlos and Traders.... Happy Monday...

My bias is for price to continue its decline. It may retest its daily 200sma and the “WKLY F3” diagonal first. Price may be developing into a wave:c of an expanded flat pattern... with minimum expected targets for this particular pattern very near 9915.

EXIT STRATEGY: If price cannot remain below the “WKLY F3” diagonal, the anticipation is for price to test the “BULL 3” target zone(10362/10378).

I had a short order filled at 10328 on the 5th of July while I was sleeping and...
Hi Dean, nice to know about you. I hope your flat expantion works. I would like to see a better wave 2 at least 50% fib retracement to resume a 5 waves downside..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #438
  • Jul 10, 2012 1:00am Jul 10, 2012 1:00am
thats perfect thinking I am staying out aussie looking for aussie to break below 1.0125 or 1.0220 then there is possibility the picture is not clear.................though kiwi has one possibility h1 chart would be posted soon

here I am posting my brent crude update chart on h4 earlier i short usd crude oil from 87.00 area and now I am looking for brent to breach 97.80 ...............here is the chart

Take a look ............expanded flat or whatever you people called but I dont pay much attention to them my analysis are purely based on wave relationship specially 3rd and 5th wave..

Thanks and regards

Aman

Quoting Luis Carlos
Hi Dean, nice to know about you. I hope your flat expantion works. I would like to see a better wave 2 at least 50% fib retracement to resume a 5 waves downside..


Quoting Luis Carlos
Hi Dean, nice to know about you. I hope your flat expantion works. I would like to see a better wave 2 at least 50% fib retracement to resume a 5 waves downside..
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  • #439
  • Jul 10, 2012 9:28am Jul 10, 2012 9:28am
Quoting Luis Carlos
My view in aussie. If 1 is done. Pullback to at least 50% of fib 1.0240, short there target 1.0025 looking for a H&S. The reenter short @1.010
Aussie took the 1.0240 level already
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #440
  • Jul 10, 2012 12:18pm Jul 10, 2012 12:18pm
How everybody knows the SPX500 is very correlative with the aussie dollar. So SPX500 still does not confirm the downtrend. How you see in the chart with need to break 1346 first and if you want perfect confirmation you need to break 1333.
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Stocktwit: LuisCarlos - twitter: @lcparodi
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