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  • #10,481
  • Oct 4, 2012 10:15am Oct 4, 2012 10:15am
Quoting foxybunny
A/U M15 now at interesting place with a minor Stoch Divg.

Either a Break Up 1.0250 or a Break Down 1.0200.


Attachment

Maybe even higher. The market likes to stay within the bollinger bands. PA is on it right now after being below it (Daily chart) Should it move away from the lower bollinger (above it) a retest of the MAC redline @ around 10340 -10350 wouldn't be out of the question.
Attached Image (click to enlarge)
Click to Enlarge Name: au daily mac.gif Size: 24 KB
  • #10,482
  • Oct 4, 2012 10:19am Oct 4, 2012 10:19am
Quoting lebleup
Oh let it bounce back up to that 1.024 or higher level. The AUD/USD is primed to get the big smack down. Sub parity within weeks... if not days.
Not so fast.
daddybearforex. com
  • #10,483
  • Oct 4, 2012 10:29am Oct 4, 2012 10:29am
Quoting lebleup
Oh let it bounce back up to that 1.024 or higher level. The AUD/USD is primed to get the big smack down. Sub parity within weeks... if not days.
BTW, this one is for you too.

http://www.forexfactory.com/attachme...1&d=1349298472
daddybearforex. com
  • #10,484
  • Oct 4, 2012 10:36am Oct 4, 2012 10:36am
Hey DB - the problem I have with EW is that there's so many conflicting ways it can be interpreted in the present moment environment. It only becomes apparent - AFTER THE FACT.

A person could interpret the high close on 8/09 as the top (daily chart) and the low on 9/06 as wave number (1) and wave number (2) as the reaction high on 9/14. So in that scenario we are now in wave number (3) down. And the number (3) wave tends to be the BIGGEST wave of all.
That means we're headed south for a long long way, right ???
  • #10,485
  • Oct 4, 2012 10:53am Oct 4, 2012 10:53am
Quoting chiknthief
Hey DB - the problem I have with EW is that there's so many conflicting ways it can be interpreted in the present moment environment. It only becomes apparent - AFTER THE FACT.

A person could interpret the high close on 8/09 as the top (daily chart) and the low on 9/06 as wave number (1) and wave number (2) as the reaction high on 9/14. So in that scenario we are now in wave number (3) down. And the number (3) wave tends to be the BIGGEST wave of all.
That means we're headed south for a long long way, right ???
Let me get back to you later. -DB-
daddybearforex. com
  • #10,486
  • Oct 4, 2012 11:11am Oct 4, 2012 11:11am
Here's another possible interpretation of elliot wave on the monthly chart. Waves (1) and (2) are in place and the minor waves 1 and 2 of the major wave (3) are also in place and we are just beginning minor wave 3 of the major wave (3). This could be the acceleration wave.

C-mon DB, I know you're really a bear. You don't call yourself DaddyBear for nuthin !!!
Attached Image (click to enlarge)
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  • #10,487
  • Oct 4, 2012 11:53am Oct 4, 2012 11:53am
Quoting chiknthief
Here's another possible interpretation of elliot wave on the monthly chart. Waves (1) and (2) are in place and the minor waves 1 and 2 of the major wave (3) are also in place and we are just beginning minor wave 3 of the major wave (3). This could be the acceleration wave.

C-mon DB, I know you're really a bear. You don't call yourself DaddyBear for nuthin !!!
Yes, I was a big time bear. But I have made myself a moderate bear through the years.

Your EWC is incorrect. IMO

http://www.forexfactory.com/attachme...1&d=1349317469
daddybearforex. com
  • #10,488
  • Oct 4, 2012 1:20pm Oct 4, 2012 1:20pm
Attached Image (click to enlarge)
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  • #10,489
  • Edited 4:13pm Oct 4, 2012 3:39pm | Edited 4:13pm
Quoting chiknthief
Hey DB - the problem I have with EW is that there's so many conflicting ways it can be interpreted in the present moment environment. It only becomes apparent - AFTER THE FACT.

A person could interpret the high close on 8/09 as the top (daily chart) and the low on 9/06 as wave number (1) and wave number (2) as the reaction high on 9/14. So in that scenario we are now in wave number (3) down. And the number (3) wave tends to be the BIGGEST wave of all.
That means we're headed south for a long long way, right ???
Incorrect. I count EW in real time everyday. When a pattern completes 50% or less, the balance of the pattern can be projected.

EWP is meant to be applied by a handful of people. The majority who don't know or don't want to know make the EWP possible. The markets look very random all the time, but there is an order. EWP is regarding this order, the law of the market.

It's very hard to understand EWP, let alone the real time practicing. It is this reason, most people run away from this Holy Grail.

I have never intended to persuade anyone in the forums to apply EWP in trading. The fewer people use it the more powerful it would be. Those people who don't believe in EWP actually move the markets according to EWP without knowing that they are the chips of the game.

The more people are against EWP, the more happiness I would enjoy. IMO

http://www.forexfactory.com/attachme...4&d=1349383239
daddybearforex. com
  • #10,490
  • Oct 4, 2012 3:45pm Oct 4, 2012 3:45pm
Bring back Megan

Btw i know nothing about Ew.

Kthxbye

Wulf

Quoting 2+2=4ex
I must admit, I'm sceptical of EWP. From my experiences, it seems like a way to make logic and predictions out of something that is not always logical and predictable. It is my belief that many people get fooled into trusting EWP out of common and repetitive occurences. Same as drawing random lines on a chart and believing that they have some power because price seems to bounce off of them sometimes.

The same reason many EWP'ers cite as the explanation for why it works (herd mentality) is the same reason I think it gives a false sense of reliability....
  • #10,491
  • Oct 4, 2012 3:47pm Oct 4, 2012 3:47pm
Quoting doblece
Attachment
Mama, D-wave only appears in the formations of a triangle or a diagonal. In a zigzag format, only 1-5 or A-C are possible. -DB-
daddybearforex. com
  • #10,492
  • Edited 4:15pm Oct 4, 2012 3:55pm | Edited 4:15pm
Quoting DaddyBear
Incorrect. I count EW in real time everyday. When a pattern competes 50% or less, the balance of the pattern can be projected.

EWP is meant to be applied by a handful of people. The majority who don't know or don't want to know make the EWP possible. The markets look very random all the time, but there is an order. EWP is regarding this order, the law of the market.

It's very hard to understand EWP, let alone the real time practicing. It is this reason, most people run away from this Holy Grail.

I have never intended to persuade anyone in...
BTW, I believe most big boys don't use EWP. It is this reason they keep buying at the top and selling at the bottom without knowing the end is near. When they run out the money, the market turns. IMO
daddybearforex. com
  • #10,493
  • Oct 4, 2012 4:01pm Oct 4, 2012 4:01pm
Quoting DaddyBear
Yes, I was a big time bear. But I have made myself a moderate bear through the years.

Your EWC is incorrect. IMO

http://www.forexfactory.com/attachme...1&d=1349317469
At what level does it become invalid?
Luck has no place in trading. Leave that for the poker table.
  • #10,494
  • Edited 4:16pm Oct 4, 2012 4:06pm | Edited 4:16pm
Quoting Pair-me-up
At what level does it become invalid?
Let me see what happens this week then I will update my EWC.
daddybearforex. com
  • #10,495
  • Oct 4, 2012 4:26pm Oct 4, 2012 4:26pm
Quoting DaddyBear
Mama, D-wave only appears in the formations of a triangle or a diagonal. In a zigzag format, only 1-5 or A-C are possible. -DB-
Thank you for making me check closely. This (my check (http://www.harmonictrader.com/price_patternsab=cd.htm), not the EW) indeed outrules the Bullish AB=CD on my previous chart as the BC retracement doesn't match the required numbers ... this leaves me with 2-0 clues on the Bearish side = the Bearish AB=CD could still be valid provided we don't engage in an endless consolidation in the 460 pips sideways range (1.0166-1.0626).

Attached Image (click to enlarge)
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  • #10,496
  • Oct 4, 2012 4:47pm Oct 4, 2012 4:47pm
Quote
most people run away from this Holy Grail.
Quote
I have never intended to persuade anyone in the forums to apply EWP in trading
Pick one.
Play the players, not the cards.
  • #10,497
  • Oct 4, 2012 5:03pm Oct 4, 2012 5:03pm
Quoting GnarlyPips
Pick one.
GP, I have to pick both.
daddybearforex. com
  • #10,498
  • Oct 4, 2012 5:10pm Oct 4, 2012 5:10pm
Quoting doblece
Thank you for making me check closely. This (my check (http://www.harmonictrader.com/price_patternsab=cd.htm), not the EW) indeed outrules the Bullish AB=CD on my previous chart as the BC retracement doesn't match the required numbers ... this leaves me with 2-0 clues on the Bearish side = the Bearish AB=CD could still be valid provided we don't engage in an endless consolidation in the 460 pips sideways range (1.0166-1.0626).

Attachment
Mama, after forming the second bottom, the Aussie baby is heading north. IMO
daddybearforex. com
  • #10,499
  • Oct 4, 2012 5:47pm Oct 4, 2012 5:47pm
It is nice to see everybody does their forecast. This is mine
Attached Image (click to enlarge)
Click to Enlarge Name: AUSSIE.PNG Size: 74 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,500
  • Edited 7:01pm Oct 4, 2012 6:25pm | Edited 7:01pm
Quoting Luis Carlos
It is nice to see everybody does their forecast. This is mine
i want more down but its looking like we reached the bottom already....so that means eu going up ....nooooooo

i see 1.032x as next resistance...if when this next h4 candle closes below 1.0190 then we are heading 1.01 but if doesnt then 1.0320
Wooooohooooo or Boooooohooooo
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