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  • #681,141
  • Aug 16, 2012 10:57pm Aug 16, 2012 10:57pm
looks like german PPI m/m will come out negative..let see the effect
Sometimes it's better to be wrong,to learn..
  • #681,142
  • Aug 16, 2012 11:02pm Aug 16, 2012 11:02pm
Quoting KiNgEdwarD
looks like german PPI m/m will come out negative..let see the effect
actual 00
forecast .4
Sometimes it's better to be wrong,to learn..
  • #681,143
  • Aug 16, 2012 11:03pm Aug 16, 2012 11:03pm
Quoting KiNgEdwarD
actual forecast
00 .4
Ironically...that is an improvement.

I don't see much action on EU until NY unfortunately...might be bed time for me
  • #681,144
  • Aug 16, 2012 11:05pm Aug 16, 2012 11:05pm
Quoting KiNgEdwarD
looks like german PPI m/m will come out negative..let see the effect
Looks like it had a positive effect, I am confused. Could someone smarter than me explain this.
  • #681,145
  • Aug 16, 2012 11:05pm Aug 16, 2012 11:05pm
Chinise RRR cut hope back , watch out

if they cut it might shoot , we can short it on top
Mohan
  • #681,146
  • Aug 16, 2012 11:06pm Aug 16, 2012 11:06pm
Quoting TrevorM
Looks like it had a positive effect, I am confused. Could someone smarter than me explain this.
Its an improvement over the previous report. Last one was negative. This one, no change, which suggests a bottom
  • #681,147
  • Aug 16, 2012 11:09pm Aug 16, 2012 11:09pm
Quoting infinitus
Hi,

do you mind to show us your count?


Here is my short term count:


EW count 4h


Big question is: Is the wave red 4 over or not? If not, we are in a complex WXY correction.


Let me show here the case for wave red 4 ended already.

In this case we finished a wave 1 down, then most likely performed an ABC-flat correction with yesterdays impulse up the C-wave.

With this nights high at 2374 the impulse up on nearly all TF's counts as complete. Since the substructure of the wave 5 looks not very impulsive, I will not rule out,...
This is my point of view. Check her out!
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  • #681,148
  • Aug 16, 2012 11:16pm Aug 16, 2012 11:16pm
Quoting MeInGraySuit
This is my point of view. Check her out!
Thank you :-)


Yes, definitively an option
  • #681,149
  • Aug 16, 2012 11:19pm Aug 16, 2012 11:19pm
Quoting infinitus
Thank you :-)


Yes, definitively an option
Infinitus, I think it depends on this 3rd of a 3rd wave if we see the traditional large momentum. If we don't I would lean more to a complex wave system and I would have to regraph. Good luck!
  • #681,150
  • Aug 16, 2012 11:20pm Aug 16, 2012 11:20pm
Quoting MeInGraySuit
Infinitus, I think it depends on this 3rd of a 3rd wave if we see the traditional large momentum. If we don't I would lean more to a complex wave system and I would have to regraph. Good luck!
That is right, today will be telling........

Good luck too and take care
  • #681,151
  • Aug 16, 2012 11:23pm Aug 16, 2012 11:23pm
euraud bottom is set for long term. Eur may start rising here
its acting v bullish
  • #681,152
  • Aug 16, 2012 11:30pm Aug 16, 2012 11:30pm
Quoting infinitus
That is right, today will be telling........

Good luck too and take care
Another case that the 4 Red has not ended...duration wise it just seems to short and shallow. I just get the feeling we need to have it last longer and deeper. Just a hunch.
  • #681,153
  • Aug 16, 2012 11:32pm Aug 16, 2012 11:32pm
I'm planning to short 1.23650 , with SL at 1.24000 and TP 1.22880 or 10 under it...

we will see

Good morning everyone
"It's the Margin, Stupid."
  • #681,154
  • Aug 16, 2012 11:33pm Aug 16, 2012 11:33pm
W ?
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  • #681,155
  • Aug 16, 2012 11:34pm Aug 16, 2012 11:34pm
Quoting sidhujag
euraud bottom is set for long term. Eur may start rising here
its acting v bullish
I have to disagree. Might be good for scalping longs , but not long term long yet
  • #681,156
  • Aug 16, 2012 11:37pm Aug 16, 2012 11:37pm
Quoting Vachus
I'm planning to short 1.23650 , with SL at 1.24000 and TP 1.22880 or 10 under it...

we will see

Good morning everyone
Hi Vachus,

You should wait for NY open. I don't think your going to get much if you short now


I'm flat on EU right now...long on GBPJPY however.

**Edit....sorry, forgot there is a report in 1.5 hrs that may help **
  • #681,157
  • Aug 16, 2012 11:40pm Aug 16, 2012 11:40pm
Quoting MeInGraySuit
Another case that the 4 Red has not ended...duration wise it just seems to short and shallow. I just get the feeling we need to have it last longer and deeper. Just a hunch.
Yes, it would be a short one.

Wave red 2 was 8 days and retraced deep, structure was simple


So if wave 4 ended already, it took 10 days, structure would be simple and retracement was kind of flat.

Under the rule of alternation duration should be longer, structure more complex, and retracement should be more sideways move.

So most likely Sly is right with his complex WXY count.

But question is: is the wave X already done to the downside or not?
  • #681,158
  • Aug 16, 2012 11:41pm Aug 16, 2012 11:41pm
Quoting almo
Hi Vachus,

You should wait for NY open. I don't think your going to get much if you short now


I'm flat on EU right now...long on GBPJPY however.

**Edit....sorry, forgot there is a report in 1.5 hrs that may help **
it's Friday London is key , after ny market go crazy
Mohan
  • #681,159
  • Aug 16, 2012 11:45pm Aug 16, 2012 11:45pm
Quoting Vachus
I'm planning to short 1.23650 , with SL at 1.24000 and TP 1.22880 or 10 under it...

we will see

Good morning everyone
Good morning Vachus.

Interesting, why 1.2365? If you like to articulate.
"Men who can both be right and sit tight are uncommon."
  • #681,160
  • Aug 16, 2012 11:55pm Aug 16, 2012 11:55pm
Quoting mohan76
it's Friday London is key , after ny market go crazy
as usual we will have US monkeys doing their short covering tonite.
Friday is the most stupid trading day this past few months.

I dont trade on Fridays.
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