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  • #4,521
  • Edited Dec 16, 2012 8:30am Dec 15, 2012 10:55pm | Edited Dec 16, 2012 8:30am
Possibility.

I understand Triangle less likely in wave#2... but is possible.

I go by Price.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: POSSIBILITY.png Size: 143 KB
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Click to Enlarge Name: Overlay.png Size: 145 KB
Markets are not Random, they are designed!
  • #4,522
  • Dec 16, 2012 4:16am Dec 16, 2012 4:16am
Hello Luis, I keep a short position @1.3130 so I hope reversal @1.3165/75 but I'm a newbie and need your advice ... thanks Luis
  • #4,523
  • Dec 16, 2012 8:38am Dec 16, 2012 8:38am
I just forget the web address of site which is provide this service plz some one post the addres, will be highly appreciated!
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just live a life, don't be hard.
  • #4,524
  • Dec 16, 2012 8:45am Dec 16, 2012 8:45am
Quoting andan
Hello Luis, I keep a short position @1.3130 so I hope reversal @1.3165/75 but I'm a newbie and need your advice ... thanks Luis
Hi andan, I am flatter you come here to ask for advice.

Never trade against trend. That depends of your style if you are long term trader is fine, but if you daily trader the trend is Bull. You can looat my explorar what happen when you try to get a correction and reversal. If the trend is bull just try to get long in corrections. Never try to get peak, first confirmation. no matters if you think you get into the market lately, it is more safe and avoid losses.

Now, to think in a reversal or correction market must break 1.3064, so your entry is in the middle. The market should make another high before correction, then use fib retracement from 1.3064 and the high and try to close your entry at ,5 fib. maybe the market goes down and you will get some money, but is dangeous, is better to get out with small lose and have a healthy soul...
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,525
  • Dec 16, 2012 8:57am Dec 16, 2012 8:57am
Quoting Raza
Then & Now charts


Hi Raza,

same problems with long term context than with Luis count.



Obey the whole data before 2000

http://www.forexfactory.com/showthre...26#post6297226
  • #4,526
  • Dec 16, 2012 8:59am Dec 16, 2012 8:59am
Quoting Raza
Possibility.

I understand Triangle less likely in wave#2... but is possible.

I go by Price.
Hi Raza,

regarding EWP a triangle in wave 2 position is not allowed. It is a terminal pattern (wave 4, wave B, wave X or Xx)
  • #4,527
  • Edited 9:24am Dec 16, 2012 9:02am | Edited 9:24am
Quoting infinitus
Hi Raza,

regarding EWP a triangle in wave 2 position is not allowed. It is a terminal pattern (wave 4, wave B, wave X or Xx)
I know Markus.

But there is no wave #4 happening there nor X or Xx ...for the love of Elliott then it is wave#B......

But once it starts to go beyond the levels of Wave #c then it will some how become wave#2 and Wave#C in future will be seen as wave#3....lol...

1.3199- 1.3208 and 1.3283 is limit for now.(IMO)

Ideal overshoot for D should be around 1.3242 -53IMO. Then retest 1.32 again and yari yari yaara...
Markets are not Random, they are designed!
  • #4,528
  • Dec 16, 2012 9:05am Dec 16, 2012 9:05am
Quoting andan
Hello Luis, I keep a short position @1.3130 so I hope reversal @1.3165/75 but I'm a newbie and need your advice ... thanks Luis
Hi Andan,

let me also try to answer your question:

a) it depends on your leverage: can you bear 20, 30, 50, 70 more pips up?

b) at this position we have a good chance for a correction at least towards 3138, but risk out of my expectation is 3210 to 3250
  • #4,529
  • Dec 16, 2012 9:07am Dec 16, 2012 9:07am
Quoting infinitus
Hi Raza,

same problems with long term context than with Luis count.



Obey the whole data before 2000

http://www.forexfactory.com/showthre...26#post6297226
Whatever the data may be ....No Violation has been done Up or Down to confirm anything on Monthly charts...

MM can change plans and leave us to make sense out of it....But again they do it by the rules...thats why Markets are always right and we are wrong.....

My argument always been there is no crowd driving the market. If it was upto people to drive the market price would be all over the place..and Euro would be at 0.84 by now.....But its just not going down.

This is all an automated Game run by someone who does not even have his money involved...so called Ponzi scheme.( Like a Dealer in CASINO...Fake chips for real money.)
Markets are not Random, they are designed!
  • #4,530
  • Dec 16, 2012 9:14am Dec 16, 2012 9:14am
Quoting Raza
I know Markus.

But there is no wave #4 happening there nor X or Xx ...for the love of Elliott then it is wave#B......

But once it starts to go beyond the levels of Wave #c then it will some how become wave#2 and Wave#C in future will be seen as wave#3....lol...

1.3199- 1.3208 and 1.3283 is limit for now.(IMO)

Ideal overshoot for D should be around 1.3242 IMO.


Hi Raza,

for me your wave 1 top is a wave 3 top; see here http://www.forexfactory.com/showthre...35#post6296635


Yes, that is true (wave B get wave 2 and so on; but your count, in the end, would end up with a triangle in wave 2 position and that will never happen. When you see a triangle, it is terminal. Point. But keep in mind: most counted triangles are in reality no triangles. Swannells work confirmed Elliotts observation: there are very very less triangles out there (in wave 4 position around 7%; in wave B position around 11% when I remember correctly).
  • #4,531
  • Dec 16, 2012 9:24am Dec 16, 2012 9:24am
Quoting infinitus
Hi Raza,

for me your wave 1 top is a wave 3 top; see here http://www.forexfactory.com/showthre...35#post6296635


Yes, that is true (wave B get wave 2 and so on; but your count, in the end, would end up with a triangle in wave 2 position and that will never happen. When you see a triangle, it is terminal. Point. But keep in mind: most counted triangles are in reality no triangles. Swannells work confirmed Elliotts observation: there are very very less triangles out there (in wave 4 position around 7%; in wave B position...
Hi,
Gotta go get back to you later.
Markets are not Random, they are designed!
  • #4,532
  • Dec 16, 2012 10:40am Dec 16, 2012 10:40am
Quoting infinitus
Hi Raza,

same problems with long term context than with Luis count.



Obey the whole data before 2000

http://www.forexfactory.com/showthre...26#post6297226
Hey Markus, by the way I made the analysis some days ago..

http://www.forexfactory.com/showthre...al#post6262370
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,533
  • Dec 16, 2012 1:38pm Dec 16, 2012 1:38pm
Gap up! Could be continue gap. That appears when the trend is strong and the gap no closeor close after sometime. So if that doesnt close tomorrow we could see more bull correction
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,534
  • Dec 16, 2012 1:58pm Dec 16, 2012 1:58pm
Quoting Luis Carlos
Gap up! Could be continue gap. That appears when the trend is strong and the gap no closeor close after sometime. So if that doesnt close tomorrow we could see more bull correction
Holy molly euro yen 111.30 wooohooo. Really i got a problem here... Hit my target. I got 112.10 as top then 122. Andes euro just 1.3170 mmmmmmmmmm.... I Need to think
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,535
  • Dec 16, 2012 4:15pm Dec 16, 2012 4:15pm
Pairs could be prepare for reversal except pound. So more high we should go. The yen too stronf or too weak move from here
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,536
  • Dec 16, 2012 4:18pm Dec 16, 2012 4:18pm
Quoting Luis Carlos
Gap up! Could be continue gap. That appears when the trend is strong and the gap no closeor close after sometime. So if that doesnt close tomorrow we could see more bull correction
There is simply no gap, only a hole in your data.


I share my latest trick for getting early data.


I have an MT4 FXCM demo account. One of my notebooks has this as US account. On the other it is set accidentially as Australian account.

Now the Notebook with the australian account MT4 gives me data Sundays up from 19:30 GMT.

Try it out with a demo account.....
  • #4,537
  • Dec 16, 2012 4:21pm Dec 16, 2012 4:21pm
Quoting Luis Carlos
From the historical low 0.62 to 1.60 there a ABC then a 0.50 correction is @1.12 that is the 0.618 fib retracement from 2002 to 2007.


OK, very nice :-)

but why do you now label on the yesterday shown charts the end of wave C as wave A?

Inquiring minds want to know
  • #4,538
  • Dec 16, 2012 4:21pm Dec 16, 2012 4:21pm
Quoting Raza
Hi,
Gotta go get back to you later.
can't wait.....
  • #4,539
  • Dec 16, 2012 5:53pm Dec 16, 2012 5:53pm
Quoting infinitus
OK, very nice :-)

but why do you now label on the yesterday shown charts the end of wave C as wave A?

Inquiring minds want to know
because those 3 ways are A
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #4,540
  • Dec 16, 2012 6:57pm Dec 16, 2012 6:57pm
heyy luis!!! I remember very well when you said to me after draghi sharp fall, keep your long until 1.33...as first I thought you may be joking, after I saw your analisys and realized your talking serious, and now we can see the result!!! thanks very much for being in the less good moments, dear friend!..
unfortennily closed my longs near BE...

ps: I had an open eurjpy long also oppened at that time, closed after in a moment of idioticy...
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