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  • #685,241
  • Aug 28, 2012 12:57pm Aug 28, 2012 12:57pm
Quoting fxghost
The most recent high is 1.2588. That is the top for the time being.
I'm looking closer... If that top I showed is not put in place so that everybody can see it and trade it, we may never make it all the way to 88.. One at a time..

Or we'll take a different path to 88, but that involves a down move first..
  • #685,242
  • Aug 28, 2012 1:00pm Aug 28, 2012 1:00pm
Quoting Vachus
Attile , Keynes is probably one of the brightest mind in economics we have ever witnessed. i can't recall someone who can match his contributions and the applicable knowledge he has contributed. The guy first introduction of the macro economics theory that helped USA to pull out from one of its worst recessions , and empowered the middle class that led to surplus revolution and higher production with cheaper prices. let alone , that Marshell project for the Europe post WWII was a legit son of keynes and the Social welfare state of Japan.

Just...
World War II got out us out of the Depression, not Keynes.
"The market can remain irrational longer than you can remain solvent"
  • #685,243
  • Aug 28, 2012 1:02pm Aug 28, 2012 1:02pm
"During the 1950s and 1960s, the success of Keynesian economics resulted in almost all capitalist governments adopting its policy recommendations."

Yeah which lead to the 1970's stagflation, going completely off the gold standard, the "Jimmy Carter malaise" and so many other great things.

Only once free-market fundamentalists and Pres Reagan's deregulation of many industries came to the fore (.i.e. get the government out of the way of business) did the economy turn around.

Even Bill Clinton understood this.
  • #685,244
  • Aug 28, 2012 1:03pm Aug 28, 2012 1:03pm
Tomorrow Chart

http://www.borsaat.com/vb/uploaded/4...1346176506.jpg


If the pair closes on these today's figures

The matter be

Attempt a test of resistance at 12596

This trend already been broken in the first attempt

At the point of 12561 on Thursday 23/08/2012

In the first attempt bounced around 12480

In this attempt:

If occur ,so will reach at

Least 12615 point achieved on Friday

Then falls back to areas 125

may be repeated several times

The fact that the levels of 126 can not penetrate without correction towards 124

Even if it happens more than once
  • #685,245
  • Aug 28, 2012 1:04pm Aug 28, 2012 1:04pm
Quoting SunTrader
"During the 1950s and 1960s, the success of Keynesian economics resulted in almost all capitalist governments adopting its policy recommendations."

Yeah which lead to the 1970's stagflation, going completely off the gold standard, the "Jimmy Carter malaise" and so many other great things.

Only once free-market fundamentalists and Pres Reagan's deregulation of many industries came to the fore (.i.e. get the government out of the way of business) did the economy turn around.

Even Bill Clinton understood this.
Of course. That's why we called him Slick Willie..lol.
  • #685,246
  • Aug 28, 2012 1:06pm Aug 28, 2012 1:06pm
Quoting attila
I'm looking closer... If that top I showed is not put in place so that everybody can see it and trade it, we may never make it all the way to 88.. One at a time..

Or we'll take a different path to 88, but that involves a down move first..
???
What do you mean? That it has to be visited second time to be qualified as a legal top?
  • #685,247
  • Aug 28, 2012 1:07pm Aug 28, 2012 1:07pm
Quoting almo
Hey, if your still here, can you post your EW chart?
Here you go H4, slipped my mind from earlier. Note target area is just approximate but when the wave 5 of 5 of C does comes, look out beloooow:
Attached Image (click to enlarge)
Click to Enlarge Name: 240min.png Size: 20 KB
  • #685,248
  • Aug 28, 2012 1:08pm Aug 28, 2012 1:08pm
Quoting fxghost
Sure. But without predicting places of exits it is impossible to trade. Even if one makes a wrong guess, one still has to make it and then take a position. Or... be out of it.
my point is for myself, when it distracts me or confuses me from my own analysis, i tend to make bad decisions.

i find technicals with posted charts to be the most helpful, and any updates on current news announcements.
  • #685,249
  • Aug 28, 2012 1:09pm Aug 28, 2012 1:09pm
Quoting fxghost
???
What do you mean? That it has to be visited second time to be qualified as a legal top?
hard to explain, but it has to look different, there has to be a reversal pattern, not just a spike up to it.
  • #685,250
  • Aug 28, 2012 1:11pm Aug 28, 2012 1:11pm
Quoting SunTrader
Here you go H4, slipped my mind from earlier. Note target area is just approximate but when the wave 5 of 5 of C does comes, look out beloooow:
ty Sun Trader....

I'm still trying to get a handle on EW, and your charts are helpful. Thanks!
  • #685,251
  • Aug 28, 2012 1:11pm Aug 28, 2012 1:11pm
Quoting fxghost
???
What do you mean? That it has to be visited second time to be qualified as a legal top?
Well... I would think so.. You need two points in space to draw a line.. That line is necessary for the people to see and trade if you're looking for a break up.. If it's not making it back there then we have a LH and bears have the upper hand... I am strictly talking about what you need for a break up, and it's mostly visible on the lower TFs..

You do agree that we have to get passed 65 in order to get to 88.. That's why I'm saying one at a time. Otherwise it can turn south and then who knows..

When a break out happens, that line tells the bears to get the heck out, and makes more sideline bulls go in. It's how momentum is created at the edges of a range.. Again, this only applies IN A RANGE situation.
  • #685,252
  • Aug 28, 2012 1:13pm Aug 28, 2012 1:13pm
Quoting Ultimate6
hard to explain, but it has to look different, there has to be a reversal pattern, not just a spike up to it.
Anyway, the upside is under attack now.
  • #685,253
  • Aug 28, 2012 1:14pm Aug 28, 2012 1:14pm
Quoting attila
Well... I would think so.. You need two points in space to draw a line.. That line is necessary for the people to see and trade if you're looking for a break up.. If it's not making it back there then we have a LH and bears have the upper hand... I am strictly talking about what you need for a break up, and it's mostly visible on the lower TFs..

You do agree that we have to get passed 65 in order to get to 88.. That's why I'm saying one at a time. Otherwise it can turn south and then who knows..
Ok, very good analogy.. 2 points to draw a line.
  • #685,254
  • Aug 28, 2012 1:14pm Aug 28, 2012 1:14pm
Quoting attila
Well... I would think so.. You need two points in space to draw a line.. That line is necessary for the people to see and trade if you're looking for a break up.. If it's not making it back there then we have a LH and bears have the upper hand... I am strictly talking about what you need for a break up, and it's mostly visible on the lower TFs..

You do agree that we have to get passed 65 in order to get to 88.. That's why I'm saying one at a time. Otherwise it can turn south and then who knows..
Yes. Agree.
  • #685,255
  • Aug 28, 2012 1:15pm Aug 28, 2012 1:15pm
Quoting attila
Well... I would think so.. You need two points in space to draw a line.. That line is necessary for the people to see and trade if you're looking for a break up.. If it's not making it back there then we have a LH and bears have the upper hand... I am strictly talking about what you need for a break up, and it's mostly visible on the lower TFs..
Atilla.....I understand what your saying, but I have to beg to differ.


Here is a PnF chart - this is 3rd time in this zone, and its likely to break through, IMO.
Attached Image
  • #685,256
  • Aug 28, 2012 1:18pm Aug 28, 2012 1:18pm
Quoting almo
Atilla.....I understand what your saying, but I have to beg to differ.


Here is a PnF chart - this is 3rd time in this zone, and its likely to break through, IMO.
We don't disagree.. Three touches are much better than two(but they have to be within one, max two pips).. More people will see it. Again, only range situations I'm referring to.. not the regular pull back in trending markets. That's different..
  • #685,257
  • Aug 28, 2012 1:23pm Aug 28, 2012 1:23pm
Then there is this other question.. If the bulls pushed it all the way from the bottom of the range up, why didn't they at least get it all the way to the previous high and stepped off the gas? It's true, a move all the way from the lows will never break the range (it has to move in a step way manner for a chance of taking the top but not without a retrace there first), but according to that chart this very moment bears have it.. Just watching and see what they're gonna print next..
  • #685,258
  • Aug 28, 2012 1:23pm Aug 28, 2012 1:23pm
Quoting attila
We don't disagree.. Three touches are much better than two(but they have to be within one, max two pips).. More people will see it. Again, only range situations I'm referring to.. not the regular pull back in trending markets. That's different..
ah..ok...sorry I misunderstood
  • #685,259
  • Aug 28, 2012 1:29pm Aug 28, 2012 1:29pm
the price is stretching up the maximum it can, soon we are going to see it last breath before loosing his forces and faint out...
  • #685,260
  • Aug 28, 2012 1:42pm Aug 28, 2012 1:42pm
One can trade these little inside range breaks.. I might get burned on it, but SL is small..

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