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The Really Useless Thread

  • #118,421
  • Oct 17, 2012 2:10pm Oct 17, 2012 2:10pm
Quoting Rag2RichesFX
showing some weakness but there is still a lot of strength due to this grind higher kind of consolidation

may break the highs next week
i got time. i could swing it now and walk away. its either going to break 3173 or we are going to 2768.. watching trajectory after 3131
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those who can, do. those who cant, talk about those who can
  • #118,422
  • Oct 17, 2012 2:27pm Oct 17, 2012 2:27pm
Quoting gatorinla
hell if it was sure thing i would have longed. at 2804 where a told those who were bullish.. its their chance.
i saw it both ways.. and even now.. 3196 and 3210 is not a sure bull run.. so i side with 2768 just because of a pattern indicating 2768. and if 2802 is broke then at some point a bounce to 2987 would open 2432... i say this.. but a bounce is not needed. it just happens more times then not. i say a bounce is not needed because the door [b]to 0.8xx has already been kicked in and we already did that bounce long ago. i am talking in years...
I have the same in the yearly but those are "not real" if you know what I mean. Making it quick that move, is 10/15 bars from today...but that's obviously untradable and outside any FX trader/investor ....I hope I am retired from trading by then in a nice Caribbean island ......

For the rest got the same view and +- the same levels. I got 1.327x as max overshot without invalidating your 1.276x (I got 1.272x same move with extension to last untested break out 1.264x). Below agree on 1.243x but that is only marginally open until the test and resolution of 1.272x.

The other levels 1.298x and 1.280x are "minors" in that swing. A clean sweep above 1.327x (plenty of Strong R above and in my books we already have the high and low of the year) will prolly make me cancel all potential euro swings until the end of year.

Sisse
Pending conversations? PM for a chat...I am mainly in OTM now
  • #118,423
  • Oct 17, 2012 2:30pm Oct 17, 2012 2:30pm
im trying guys
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  • #118,424
  • Oct 17, 2012 3:41pm Oct 17, 2012 3:41pm
Quoting gatorinla
i got time. i could swing it now and walk away. its either going to break 3173 or we are going to 2768.. watching trajectory after 3131
not a tl fan.. but lower with tl confirms
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those who can, do. those who cant, talk about those who can
  • #118,425
  • Oct 17, 2012 3:43pm Oct 17, 2012 3:43pm
Quoting gatorinla
pennant/wedge?
under redline
those who can, do. those who cant, talk about those who can
  • #118,426
  • Oct 17, 2012 3:57pm Oct 17, 2012 3:57pm
my EW sees a good chance for around 3170 to reverse.

My Murrey Math says, good chance for 3184, extended move up to 3245 possible (4h and daily).

On 1h I have 3153 to 3160 - if broken will lead to 3184


to the downside 3077 to 3062




best scenario is:


first drop to around 3077-3062, then up to 3184
  • #118,427
  • Oct 17, 2012 4:07pm Oct 17, 2012 4:07pm
Quoting infinitus
my EW sees a good chance for around 3170 to reverse.

My Murrey Math says, good chance for 3184, extended move up to 3245 possible (4h and daily).

On 1h I have 3153 to 3160 - if broken will lead to 3184


to the downside 3077 to 3062




best scenario is:


first drop to around 3077-3062, then up to 3184
day/week 3135/36 R2........... month 3181 R1 .. year 3153 R1
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those who can, do. those who cant, talk about those who can
  • #118,428
  • Oct 17, 2012 4:10pm Oct 17, 2012 4:10pm
Quoting gatorinla
day/week 3135/36 R2........... month 3181 R1 .. year 3153 R1
thanks
  • #118,429
  • Oct 17, 2012 4:11pm Oct 17, 2012 4:11pm
actually I see this:
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  • #118,430
  • Oct 17, 2012 4:20pm Oct 17, 2012 4:20pm
Quoting infinitus
thanks
i figure 3175.5 min or 3069 min st.. 3122.5 is the mid.
3131 was a min target up to a HH (3172) targets 2768 for me. higher dont kill the bear yet.. just the target 2768. it dont affect 2444 target
those who can, do. those who cant, talk about those who can
  • #118,431
  • Oct 17, 2012 4:27pm Oct 17, 2012 4:27pm
Quoting gatorinla
i figure 3175.5 min or 3069 min st.. 3122.5 is the mid.
3131 was a min target up to a HH (3172) targets 2768 for me. higher dont kill the bear yet.. just the target 2768. it dont affect 2444 target
3172 is not 3175.5... so the r/r there is where i like a s. w/o a break ... above is neutral , that weakness if any leans me at 2444
those who can, do. those who cant, talk about those who can
  • #118,432
  • Oct 17, 2012 4:30pm Oct 17, 2012 4:30pm
Quoting gatorinla
i figure 3175.5 min or 3069 min st.. 3122.5 is the mid.
3131 was a min target up to a HH (3172) targets 2768 for me. higher dont kill the bear yet.. just the target 2768. it dont affect 2444 target

One of my higher probability scenarios sees us in a complex upside correction.

The first leg up should be nearly done (wave A), the following wave B down would meet around 248x as 61.8% retracement.

The following wave C will travel to around 359 or extended to 39x to 428


After that big drop towards parity.


This bear is eventually only killed with movement above 4940
  • #118,433
  • Oct 17, 2012 4:38pm Oct 17, 2012 4:38pm
Quoting gatorinla
day/week 3135/36 R2........... month 3181 R1 .. year 3153 R1
now 3155 R1.. pp 3103 S1 3068
those who can, do. those who cant, talk about those who can
  • #118,434
  • Oct 17, 2012 4:51pm Oct 17, 2012 4:51pm
micro maybe 3100 but 3129/30 first w/o a hh
those who can, do. those who cant, talk about those who can
  • #118,435
  • Oct 17, 2012 4:58pm Oct 17, 2012 4:58pm
Quoting gatorinla
micro maybe 3100 but 3129/30 first w/o a hh
i closed my short @ 16 in prediction of the next hidden divergence, you may be right about that move up to 3130, this bull is so very strong and bears have no reinforcements yet..
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Be hopeful in a winning position, and fearful in a losing position.
  • #118,436
  • Oct 17, 2012 5:16pm Oct 17, 2012 5:16pm
Quoting longshot_nl
chart.
teal line has effect.
i have short waiting on 1.3158, target 1.3.

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  • #118,437
  • Oct 17, 2012 5:49pm Oct 17, 2012 5:49pm
Quoting Rag2RichesFX
i closed my short @ 16 in prediction of the next hidden divergence, you may be right about that move up to 3130, this bull is so very strong and bears have no reinforcements yet..
there is a tl that was the old r one now support. i am not scalping so not using micros. they lie at times.. but r/r takes care of the bad ones. a bounce back to the red is normal... and is normal w/o a tl at 3128/29/30
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those who can, do. those who cant, talk about those who can
  • #118,438
  • Oct 17, 2012 5:50pm Oct 17, 2012 5:50pm
3109 long for scalp 20 pips
looking for investors . pm me
  • #118,439
  • Oct 17, 2012 6:06pm Oct 17, 2012 6:06pm
Quoting kbmoonshinex
3109 long for scalp 20 pips
3150 target. hmm if something i reverse and target 3059
looking for investors . pm me
  • #118,440
  • Oct 17, 2012 6:30pm Oct 17, 2012 6:30pm
Quoting kbmoonshinex
3150 target. hmm if something i reverse and target 3059
or 2960 target
looking for investors . pm me
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