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  • #5,681
  • Jan 17, 2013 8:50am Jan 17, 2013 8:50am
Quoting The Cableguy
The real sod of it is that the possible 'iii' reached exactly 200% of wave 1, thus it may have been the 4th and not 'iv'. Therefore it could easily be wave 'B' finito...
which wave1?
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,682
  • Jan 17, 2013 9:05am Jan 17, 2013 9:05am
Quoting Luis Carlos
Good morning eveyone. I can happy people and sad people today...

I am still in my view. I will short euro yen when place a new high, no above 120...
hi, Luis... I,m so happy today,
nice to see you again, how about euro/usd ?
what remains the same as yesterday ?
  • #5,683
  • Jan 17, 2013 9:08am Jan 17, 2013 9:08am
Good morning EW thread.

I've just started to learn EW. I figured at worst it can't hurt to know it and at best it will help me improve as a trader.

Damn, this is a tough SOB to learn. The basic things are simple enough. But of course, the market never appears as simple as the neat examples with perfectly defined 12345s or ABCs. Anyway, I'll be posting here and there as I learn and I'm sure I'll need some corrections.
  • #5,684
  • Jan 17, 2013 9:10am Jan 17, 2013 9:10am
Quoting Luis Carlos
which wave1?
Wave 1 of 'C' my friend;

http://i1168.photobucket.com/albums/...y17-01-13k.png
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  • #5,685
  • Jan 17, 2013 9:14am Jan 17, 2013 9:14am
Quoting thegunslinger
Good morning EW thread.

I've just started to learn EW. I figured at worst it can't hurt to know it and at best it will help me improve as a trader.

Damn, this is a tough SOB to learn. The basic things are simple enough. But of course, the market never appears as simple as the neat examples with perfectly defined 12345s or ABCs. Anyway, I'll be posting here and there as I learn and I'm sure I'll need some corrections.
Sure man. EW is tough just with a book.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,686
  • Jan 17, 2013 9:15am Jan 17, 2013 9:15am
Quoting The Cableguy
Wave 1 of 'C' my friend;

http://i1168.photobucket.com/albums/...y17-01-13k.png
Oh, ty "Chip", I was looking ej.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #5,687
  • Jan 17, 2013 9:21am Jan 17, 2013 9:21am
The alternative was this (which i stress i didn't like);

http://i1168.photobucket.com/albums/...y17-01-13l.png

and switching to the 1min (as we should to determine wave structure), it looks like abc, (although i'm not sure i've seen wave c = 361.8% too often!

http://i1168.photobucket.com/albums/...y17-01-13m.png

So, which is it? Still higher to come in the 5th? or was that a weird end to the 'C' wave of 'B' and we have just had a fresh 5 wave down of the new overall 'C' wave?
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  • #5,688
  • Jan 17, 2013 9:24am Jan 17, 2013 9:24am
The above wave 'iv' does retrace 38.2% of prior wave 'iii', but that's not what the issue is here! It was a clear 5w, but was it a wave 1 or a 'c' of 4?
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  • #5,689
  • Jan 17, 2013 9:25am Jan 17, 2013 9:25am
Quoting danko316
euro $.
my opinion is we finish number 1 and we go to number 2 to 1.3300 . target fot my is 61.8 for 2. we can go more dip...

we have been to 55 again and weakness is setting in. Are we getting a stronger move down? If we close below 31 I will short it...

Olu
If you think you can or cannot do it you are correct
  • #5,690
  • Jan 17, 2013 9:34am Jan 17, 2013 9:34am
Quoting Olu
we have been to 55 again and weakness is setting in. Are we getting a stronger move down? If we close below 31 I will short it...

Olu

Personally i think this is a 5th, but you are spot on. 331 is the reflex point. Also, we know that was a clear 5w short a moment ago, any fresh low now means it cant be a 4th anymore and thus either an irreg 'b' of 2 or a wave 3 of 'C'

For it to be a wave 1 it should have breached the reflex point (imo).


The EJ yawns )
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  • #5,691
  • Jan 17, 2013 9:40am Jan 17, 2013 9:40am
Quoting thegunslinger
Good morning EW thread.

I've just started to learn EW. I figured at worst it can't hurt to know it and at best it will help me improve as a trader.

Damn, this is a tough SOB to learn. The basic things are simple enough. But of course, the market never appears as simple as the neat examples with perfectly defined 12345s or ABCs. Anyway, I'll be posting here and there as I learn and I'm sure I'll need some corrections.

Personally, i would never leave home without it! )
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #5,692
  • Jan 17, 2013 9:42am Jan 17, 2013 9:42am
Has it hit .3500 yet? At least we have some movement in that direction, finally!
  • #5,693
  • Jan 17, 2013 9:48am Jan 17, 2013 9:48am
Luis please clarify something for me, Wave is 12 B should not be more than 75% of wave A, If we count that in pips means Wave A 150 pips , 75 % of that is 112,5 pips. Right now wave B has 122 pips , you still wait for a high ? or I believe is done , while so far I start hadging my profit and terrible confused wich wsay to go. The refferal is for EU count on 1 hr Chart. Please advise !
  • #5,694
  • Jan 17, 2013 9:49am Jan 17, 2013 9:49am
Quoting The Cableguy
For me, the clue is in the PA. Does the move up look impulsive? There is no way i am comfortable trying to label it a 1&2 as opposed to an A&B... is this not 'C' of 'B'? 61.8% 5th projection gives us 13,401... if its the case.

Unless you mean have we finished the 'B' wave... in which case, hmmmm not certain on that one! its a possibility!
On the hourly chart this w5 definitely looks impulsive. So we can assume it will try and make it over .3403. We will have to wait for one or two more days to see if it does, definitely alot of resistance.
  • #5,695
  • Jan 17, 2013 9:52am Jan 17, 2013 9:52am
Quoting dopodopo
Luis please clarify something for me, Wave is 12 B should not be more than 75% of wave A, If we count that in pips means Wave A 150 pips , 75 % of that is 125 pips. Right now wave B has 122 pips , you still wait for a high ? or I believe is done , while so far I start hadging my profit and terrible confused wich wsay to go. The refferal is for EU count on 1 hr Chart. Please advise !
If i may... this is only if wave A is in 5w. If A is in 3, wave B can be 100% as a flat or poss 200% (or even more) of A as an irregular...
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  • #5,696
  • Jan 17, 2013 9:52am Jan 17, 2013 9:52am
Quoting dopodopo
Luis please clarify something for me, Wave is 12 B should not be more than 75% of wave A, If we count that in pips means Wave A 150 pips , 75 % of that is 112,5 pips. Right now wave B has 122 pips , you still wait for a high ? or I believe is done , while so far I start hadging my profit and terrible confused wich wsay to go. The refferal is for EU count on 1 hr Chart. Please advise !
Then if higher and bounce from the top becam a flat correction , meaning wave C can't go lower then A so no more 13100, right?
  • #5,697
  • Jan 17, 2013 9:55am Jan 17, 2013 9:55am
Quoting dopodopo
Then if higher and bounce from the top becam a flat correction , meaning wave C can't go lower then A so no more 13100, right?
Only if go over the wave 3 , over the top to make a high then can go lower as an irregular correction. Now this being said I'm even more confused what to do
  • #5,698
  • Jan 17, 2013 9:58am Jan 17, 2013 9:58am
Quoting The Cableguy
If i may... this is only if wave A is in 5w. If A is in 3, wave B can be 100% as a flat or poss 200% (or even more) of A as an irregular...
Now make sense , then just will observe with pattience what will happen on the new high. Thanks Cable guy
  • #5,699
  • Jan 17, 2013 9:58am Jan 17, 2013 9:58am
us end up waiting for B. we need 5 waves doun to 1.3300. i have limit order Buy. Wave 5 will be 13550.
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  • #5,700
  • Jan 17, 2013 10:03am Jan 17, 2013 10:03am
No prob's, sorry Luis, was addressed to you, your thread too... i should go start my own! )
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