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  • #688,301
  • Sep 5, 2012 9:20am Sep 5, 2012 9:20am
First pic posted several weeks ago on EU, Second pic the sharks prediction for days ahead. EW is so hard to calculate timing but general direction it is great!. Looking at .2730ish to short hard which is 1.618% of the length of wave 1. Looking to short hard around there when we get conformation.
Attached Image(s) (click to enlarge)
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  • #688,302
  • Sep 5, 2012 9:20am Sep 5, 2012 9:20am
Long UCAD finally paid off, I've been waiting for this 70 trading hours + a weekend. But the reward was worth the wait.
New voice message: Why are you calling me? If I need you, I'll call you!
  • #688,303
  • Sep 5, 2012 9:21am Sep 5, 2012 9:21am
Sorry 2nd pic not right here it is...
Attached Image (click to enlarge)
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  • #688,304
  • Sep 5, 2012 9:22am Sep 5, 2012 9:22am
Quoting rustyram
The market hit my target......as predicted....

Took a Short at 1.2630 , looks like we should head down from here in abc wave....I am keeping the Take profit open.....

This is the wave.....

http://www.forexfactory.com/showthre...72#post5968472

Looks like the market is setting up itself for wild swings.
I am planning to cover my shorts at 1.2460 area.... and get long there exit @ b then take a short @ b exit @ c

Only these levels makes sense, "a" comes at uptrend support, "b" comes in at weekly down trend line resistance , anything within this area is in the wild swing zone with important news after another is in the cards.....we should see wild swings with no pullbacks.....

Good Luck everyone...
Attached Image (click to enlarge)
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PPP - Patience Pays PIPS
  • #688,305
  • Sep 5, 2012 9:23am Sep 5, 2012 9:23am
This last 5th wave up should be short in duration and steep. Should BE!
  • #688,306
  • Sep 5, 2012 9:30am Sep 5, 2012 9:30am
Quoting julia2011
weekly chart
I agree with you juila, we should be finding resistance here very shortly!!!!
  • #688,307
  • Sep 5, 2012 9:30am Sep 5, 2012 9:30am
Hey guys, been very busy the last week, how are things going?

I see a double top formation on H4 and going short from 1,26100 SL 1,26300 TP at 1,25650.

Green pips to all !
  • #688,308
  • Sep 5, 2012 9:39am Sep 5, 2012 9:39am
Quoting MeInGraySuit
I agree with you juila, we should be finding resistance here very shortly!!!!
I would rather look for a support . It normally doesn't pay much going against a move of 100 or so pips. You never know what's cooking. Just a thought.
The Thief of Wall Street
  • #688,309
  • Sep 5, 2012 9:44am Sep 5, 2012 9:44am
Quoting Chicky
I would rather look for a support . It normally doesn't pay much going against a move of 100 or so pips. You never know what's cooking. Just a thought.
The higher it goes, the higher it's supposed to go and the higher it goes the closer to the drop we get.. Wait. WUT?
  • #688,310
  • Sep 5, 2012 9:46am Sep 5, 2012 9:46am
Quoting Chicky
I would rather look for a support . It normally doesn't pay much going against a move of 100 or so pips. You never know what's cooking. Just a thought.
I think you misunderstood me, I am long EU...I am just looking for resistance at that level, especially the weekly. Then I wait for the trend break of this last wave 5 before I would take a short.
  • #688,311
  • Sep 5, 2012 9:52am Sep 5, 2012 9:52am
Maybe spikes up to 10/12 and then sell next hour.....dum dum.
They think they are smarter than I am.
  • #688,312
  • Sep 5, 2012 9:55am Sep 5, 2012 9:55am
Quoting Z3iz3i
Maybe spikes up to 10/12 and then sell next hour.....dum dum.
nah, these are the NY wimps behind the buttons.. They can't trade for shit. Man, how I hate the NY session.
  • #688,313
  • Sep 5, 2012 9:56am Sep 5, 2012 9:56am
Changed my motto to reflect my feelings... LOL.
  • #688,314
  • Sep 5, 2012 9:59am Sep 5, 2012 9:59am
Quoting attila
nah, these are the NY wimps behind the buttons.. They can't trade for shit. Man, how I hate the NY session.
Atilla....what exactly are you expecting?
  • #688,315
  • Sep 5, 2012 10:00am Sep 5, 2012 10:00am
Quoting attila
Changed my motto to reflect my feelings... LOL.
I second that!!!
(I may change mine to match )
  • #688,316
  • Sep 5, 2012 10:05am Sep 5, 2012 10:05am
weekly chart
Attached Image (click to enlarge)
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  • #688,317
  • Sep 5, 2012 10:05am Sep 5, 2012 10:05am
Looks like consolidation for next four hours at least with slight downward bias for wave c of the second wave. Going to do something productive. Later!
  • #688,318
  • Sep 5, 2012 10:07am Sep 5, 2012 10:07am
Quoting almo
Atilla....what exactly are you expecting?
I have no idea.. We'll probably have to wait for Asia.. There is some support holding here and one below at around 90... I know there is a big day tomorrow but from PA stand point I see more down than up.. This top will not break without a retrace to at least 2560.. The higher trend is still bearish, and 2642 is an important level on daily and weekly... What I'm trying to say is this is not how you take such an important level (with tired candles and coming upwards all the way from a LL.. This invites bears to slam it back really hard..).. Of course these ECB idiots can get it going.. Now, I don't know if what they're gonna say isn't already priced in.. Keep in mind a strong move up without holding can also start looking as a failure on higher TFs.. So I'm kind of reserved when it comes to 2700 and higher..
  • #688,319
  • Sep 5, 2012 10:08am Sep 5, 2012 10:08am
Quoting attila
nah, these are the NY wimps behind the buttons.. They can't trade for shit. Man, how I hate the NY session.
I tend to cut the number of lots I trade during NY session in half versus London/Europe session. They are more erratic with a higher number of false breakouts.
"The market can remain irrational longer than you can remain solvent"
  • #688,320
  • Sep 5, 2012 10:08am Sep 5, 2012 10:08am
Everything is going as planned. The swings are wild, but its only to keep bringing price to their respective targets.

Its still EU > GU > USD > AUD (although arguably, EU is having a hard time surpassing GU).
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