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  • #1,681
  • Oct 9, 2012 11:00pm Oct 9, 2012 11:00pm
Quoting Luis Carlos
That wave iv was too deep so was a surprise... One more low to 1.2830 or done...

targets 1.2888 or 1.2950 (I prefer that)
Possible 50.0 retracement at 1.29529 on my charts before a final push to 1.27xx. Then this will complete wave 2.

But many people are still bent on getting 1.20x. Not sure whether its still bearish here.
A 1 pip gain is better than a 1 pip loss.
  • #1,682
  • Oct 9, 2012 11:09pm Oct 9, 2012 11:09pm
Quoting aeternum
Possible 50.0 retracement at 1.29529 on my charts before a final push to 1.27xx. Then this will complete wave 2.

But many people are still bent on getting 1.20x. Not sure whether its still bearish here.
There is no problem to go below 1.20xx from here, it is correct talking about EW... I have some indicators that still tell me that 1.20xx is not ready. When I see this I will post and change my primary view for the second one.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,683
  • Oct 9, 2012 11:43pm Oct 9, 2012 11:43pm
Quoting Luis Carlos
There is no problem to go below 1.20xx from here, it is correct talking about EW... I have some indicators that still tell me that 1.20xx is not ready. When I see this I will post and change my primary view for the second one.
But if my counts are right, and we so super long from 1.27xx. We can actually tap onto 1.34-1.35, which would bring us even higher to 1.4xx to complete wave 5. Then corrective waves A B and C.

1.20xx may be really long away.
A 1 pip gain is better than a 1 pip loss.
  • #1,684
  • Oct 10, 2012 12:01am Oct 10, 2012 12:01am
Quoting aeternum
But if my counts are right, and we so super long from 1.27xx. We can actually tap onto 1.34-1.35, which would bring us even higher to 1.4xx to complete wave 5. Then corrective waves A B and C.

1.20xx may be really long away.
you should put a chart to understand you better..
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,685
  • Oct 10, 2012 6:11am Oct 10, 2012 6:11am
Euro Aussie almost 1.2550 then a correction

http://www.forexfactory.com/attachme...2&d=1349723312
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,686
  • Oct 10, 2012 8:01am Oct 10, 2012 8:01am
Quoting Luis Carlos
you should put a chart to understand you better..
I'm not sure if you can see this clearly. I tried to squeeze it so I can fit all the waves in.

Right now we are yet to complete wave 2. Wave 2 should be completed around 1.27xx or 1.26xx at the lowest. We might have a strong correction upwards now but if we close above count 2, then this does not make sense and I have to find a new wave count. So right now we are capped by 1.29875. We should go lower. The huge move down yesterday should be wave 3. And this corrective movement up to 1.29 is simply a retracement move for mini wave 4. we have to go further down to complete wave 5. It might only end up at 1.27635 or 1.27306. That is where I'm expecting a boost back up to start wave 3 towards 1.4 levels.

And I believe we have to see lower than 1.28 previous lows because if we don't, then this is not a (c) wave, and that means I have to re calculate.

So what do you think?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD Pattern.png Size: 64 KB
Click to Enlarge Name: EURUSD 10 October 2012 PM.png Size: 85 KB
A 1 pip gain is better than a 1 pip loss.
  • #1,687
  • Oct 10, 2012 9:08am Oct 10, 2012 9:08am
Quoting gnomoneey
aud/nzd will stop at 1.2530 for 61.8fib or 100% at 1.2580

might take this trade tonight, thanks for the heads up...

at 61.8% fib reached and still going
lets see if 1.2555 will be next....

tool this trade at 1.2485
+45 pips ....taken out 3/4 position and sl on 1/4 at be

Wooooohooooo or Boooooohooooo
  • #1,688
  • Oct 10, 2012 9:53am Oct 10, 2012 9:53am
Quoting gnomoneey
at 61.8% fib reached and still going
lets see if 1.2555 will be next....

tool this trade at 1.2485
+45 pips ....taken out 3/4 position and sl on 1/4 at be

You are in the zone right now!!!
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,689
  • Oct 10, 2012 9:55am Oct 10, 2012 9:55am
Quoting aeternum
I'm not sure if you can see this clearly. I tried to squeeze it so I can fit all the waves in.

Right now we are yet to complete wave 2. Wave 2 should be completed around 1.27xx or 1.26xx at the lowest. We might have a strong correction upwards now but if we close above count 2, then this does not make sense and I have to find a new wave count. So right now we are capped by 1.29875. We should go lower. The huge move down yesterday should be wave 3. And this corrective movement up to 1.29 is simply a retracement move for mini wave 4. we have to...
Big view dont know. The other one is fine.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,690
  • Oct 10, 2012 9:59am Oct 10, 2012 9:59am
Technically the correction could be done, but my analysis tell higher... By the way G I scalping eu long until now
Attached Image (click to enlarge)
Click to Enlarge Name: euro1h.PNG Size: 40 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,691
  • Oct 10, 2012 10:11am Oct 10, 2012 10:11am
Quoting Luis Carlos
Technically the correction could be done, but my analysis tell higher... By the way G I scalping eu long until now
good job but like i told u yesterday I WANT DOWN NOT up....
Wooooohooooo or Boooooohooooo
  • #1,692
  • Oct 10, 2012 10:13am Oct 10, 2012 10:13am
Quoting gnomoneey
good job but like i told u yesterday I WANT DOWN NOT up....
just waiit
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,693
  • Oct 10, 2012 10:15am Oct 10, 2012 10:15am
Quoting Luis Carlos
You are in the zone right now!!!
thanks....buy missed out on eur.aud but i'll wait ....

look at this news release from goldman sachs..how to read this?

Goldman Sees Aussie Trade Of The Century
http://www.forexfactory.com/attachme...1&d=1349859584 From wsj.com
http://www.forexfactory.com/images/misc/news_quote.gif Goldman Sachs says there’s gold to be struck in going long the euro against the Aussie dollar, which could prove a ‘trade of the century.’ “One of the best long term trades out there at the moment is long euro versus short Aussie,” Thomas Stolper, chief currency strategist at the U.S. investment bank told Deal Journal Australia. At the genesis of his thinking is that much of Europe’s bad news is priced in whereas the headwinds for the Australian dollar are only now building from slower Chinese growth, interest rate cuts by the Reserve Bank of Australia and tighter fiscal policy.
Wooooohooooo or Boooooohooooo
  • #1,694
  • Oct 10, 2012 10:18am Oct 10, 2012 10:18am
Still same view at CHF..
Attached Image (click to enlarge)
Click to Enlarge Name: chf.PNG Size: 54 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,695
  • Oct 10, 2012 10:20am Oct 10, 2012 10:20am
Quoting gnomoneey
thanks....buy missed out on eur.aud but i'll wait ....

look at this news release from goldman sachs..how to read this?

Goldman Sees Aussie Trade Of The Century
http://www.forexfactory.com/attachme...1&d=1349859584 From wsj.com
http://www.forexfactory.com/images/misc/news_quote.gif...
I read yesterday... Really I dont follow noise... just BIG news.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,696
  • Oct 10, 2012 10:22am Oct 10, 2012 10:22am
Quoting Luis Carlos
I read yesterday... Really I dont follow noise... just BIG news.

ok i seem to do ok not reading news and just charts....i myself pay attention what time the news are coming to be prepared for the "NOISE".

it seems like a boring day...time to watch movies...
Wooooohooooo or Boooooohooooo
  • #1,697
  • Oct 10, 2012 10:30am Oct 10, 2012 10:30am
Correction mode is too slow... :S
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,698
  • Oct 10, 2012 10:31am Oct 10, 2012 10:31am
Quoting gnomoneey
ok i seem to do ok not reading news and just charts....i myself pay attention what time the news are coming to be prepared for the "NOISE".

it seems like a boring day...time to watch movies...
Yes, news from FED FOMC ECB etc...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #1,699
  • Oct 10, 2012 11:07am Oct 10, 2012 11:07am
I was short from 1.29067. Wanted 1.2911 but my hands were too slow. Looking good so far. Looking for 1.273/6 now.
A 1 pip gain is better than a 1 pip loss.
  • #1,700
  • Oct 10, 2012 11:09am Oct 10, 2012 11:09am
Quoting aeternum
I was short from 1.29067. Wanted 1.2911 but my hands were too slow. Looking good so far. Looking for 1.273/6 now.
All the best... Still see risk IMO
Stocktwit: LuisCarlos - twitter: @lcparodi
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