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  • #681,141
  • Aug 17, 2012 12:57am Aug 17, 2012 12:57am
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 17, 2012 1:02am Aug 17, 2012 1:02am
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 17, 2012 1:03am Aug 17, 2012 1:03am
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 17, 2012 1:05am Aug 17, 2012 1:05am
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 17, 2012 1:05am Aug 17, 2012 1:05am
Chinise RRR cut hope back , watch out

if they cut it might shoot , we can short it on top
Mohan
  • #681,146
  • Aug 17, 2012 1:06am Aug 17, 2012 1:06am
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 17, 2012 1:09am Aug 17, 2012 1:09am
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 17, 2012 1:16am Aug 17, 2012 1:16am
Quoting MeInGraySuit
This is my point of view. Check her out!
Thank you :-)


Yes, definitively an option
  • #681,149
  • Aug 17, 2012 1:19am Aug 17, 2012 1:19am
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 17, 2012 1:20am Aug 17, 2012 1:20am
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 17, 2012 1:23am Aug 17, 2012 1:23am
euraud bottom is set for long term. Eur may start rising here
its acting v bullish
  • #681,152
  • Aug 17, 2012 1:30am Aug 17, 2012 1:30am
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 17, 2012 1:32am Aug 17, 2012 1:32am
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 17, 2012 1:33am Aug 17, 2012 1:33am
W ?
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  • #681,155
  • Aug 17, 2012 1:34am Aug 17, 2012 1:34am
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 17, 2012 1:37am Aug 17, 2012 1:37am
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 17, 2012 1:40am Aug 17, 2012 1:40am
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 17, 2012 1:41am Aug 17, 2012 1:41am
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 17, 2012 1:45am Aug 17, 2012 1:45am
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 17, 2012 1:55am Aug 17, 2012 1:55am
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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