Euro/Dollar | Page 147 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD

Similar Threads

Euro/Dollar discussion 9 replies

Iran to replace Dollar with Euro 10 replies

Iran replace dollar with euro 15 replies

Syria Threatens To Abandon Dollar For Euro 3 replies

euro against the dollar 0 replies

Attachments: Euro/Dollar
Exit Attachments

Euro/Dollar

  • #2,921
  • Jan 23, 2013 8:03am Jan 23, 2013 8:03am
Quoting tomspin
I am having shy 6370 & 6490 in my mind personally, 5800 seems to be to strong for sellers, nice ping pong since april 2012, only further QE will bring it down but I am not sure anymore, all those currency wars bs, just looking at technicals atm, good to see you are active, never had a chance to say "welcome"

Thank you for the "welcome".. Cable & cousin Euro PA at an near term anomaly from their historical lead lag relationship.. with Euro confirming M/T continuation up to 1.35~1.46, IMO any Cable number below 1.5850 is a great 5 to 1 risk-adjusted M/T bets for position/swing players..


Quoting Crassius
What bulls don't want to see is five waves going down.... the (operative) trend moves in five waves.... Waves aren't the same thing as swings.... you can't count swings and get any useful information(which screws up a lot of casual Elliott wannna-be's till they give up) ... you have to count waves... that adhere to the rules...

The rules say that that overlap locks in the move from the top at 5884 to the bounce area around 5845 as three waves... the move up from 5845 must now be a new wave.... it cant be wave 4 going down, because wave 4 cannot...


Crassius.. I enjoy reading your EW views, especially your responsive PA thoughts & flexibility in invalidating the count while others keep dwelling on that elusive 5th..
  • #2,922
  • Jan 23, 2013 8:13am Jan 23, 2013 8:13am
Common Fib targets.... trade in trouble... nearly hit 61.8 of A....

Trade in trouble below channel
Attached Image (click to enlarge)
Click to Enlarge Name: count.png Size: 11 KB
  • #2,923
  • Jan 23, 2013 8:16am Jan 23, 2013 8:16am
Quoting cdndollar



Crassius.. I enjoy reading your EW views, especially your responsive PA thoughts & flexibility in invalidating the count while others keep dwelling on that elusive 5th..

Very nice to hear... Hoping we can get a group of friendly people sharing regularly here...

I've been keeping this friendly space open to give respectful people who will post charts and analysis a chance to gather.
  • #2,924
  • Jan 23, 2013 8:31am Jan 23, 2013 8:31am
I think we have already had 5 waves down, shows clearer on the weekly chart, and we are in the middle of wave 3 on the uptrend again weekly chart, should if you want an image
  • #2,925
  • Jan 23, 2013 8:32am Jan 23, 2013 8:32am
Quoting n_aftab
I think we have already had 5 waves down, shows clearer on the weekly chart, and we are in the middle of wave 3 on the uptrend again weekly chart, should if you want an image

Yes please ...we encourage charts with nearly every post.... We are here to help each other and explain our thoughts... pictures help a great deal.

And.. welcome to Tom's thread....
  • #2,926
  • Jan 23, 2013 8:37am Jan 23, 2013 8:37am
Quoting Crassius
Stop moved to 5862..
Stp inched up ever so slightly to 5866... I'm not going below that last swing....
  • #2,927
  • Jan 23, 2013 8:37am Jan 23, 2013 8:37am
Quoting n_aftab
I think we have already had 5 waves down, shows clearer on the weekly chart, and we are in the middle of wave 3 on the uptrend again weekly chart, should if you want an image
yes... charts say more then thousand words
Read Charts - Not Papers
  • #2,928
  • Jan 23, 2013 8:48am Jan 23, 2013 8:48am
If only euro could break above the damn consolidation zone, it would help us a lot...
Anybody knows any voodoo dances which might help?

Attached Image
Read Charts - Not Papers
  • #2,929
  • Jan 23, 2013 8:53am Jan 23, 2013 8:53am
hi again

Green lines down trend, red up, you can see the 2 channels a clear breakout a retest and now a continuation
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 24 KB
  • #2,930
  • Jan 23, 2013 8:56am Jan 23, 2013 8:56am
Quoting halkins
If only euro could break above the damn consolidation zone, it would help us a lot...
Anybody knows any voodoo dances which might help?

Attachment

We're not going to break outta there until we complete this entire pattern I posted yesterday.... its just not going to happen...

BTW... the top and location of (d) aqua is just eyeballed.... I won't know till its in....

But then we have to fall some.... .618 of (c) aqua would be common....

Only then can we breakout, or breakdown.....

Quoting Crassius
Here is my primary count... a working triangle... .
Attached Image (click to enlarge)
Click to Enlarge Name: count.png Size: 55 KB
  • #2,931
  • Jan 23, 2013 9:04am Jan 23, 2013 9:04am
Quoting n_aftab
hi again

Green lines down trend, red up, you can see the 2 channels a clear breakout a retest and now a continuation

Thanks for the picture. That's so much better

And you right... those a waves of a beautiful uptrend....

We are just confusing what scale we are discussing.
Attached Image
  • #2,932
  • Jan 23, 2013 9:06am Jan 23, 2013 9:06am
Quoting Crassius
We're not going to break outta there until we complete this entire pattern I posted yesterday.... its just not going to happen...

BTW... the top and location of (d) aqua is just eyeballed.... I won't know till its in....
But then we have to fall some.... .618 of (c) aqua would be common....
Only then can we breakout, or breakdown.....
Should I stay or should I go... ???
The pressure from downside is strong, we're making higher lows, but still not making higher highs...
Bears attack their upper boundaries every time bull get near them.
Read Charts - Not Papers
  • #2,933
  • Jan 23, 2013 9:08am Jan 23, 2013 9:08am
I'll be honest with you, i only find the weekly chart useful to determine the waves, i don't rely on them.

I prefer looking at are we making higher highs and lower lows etc again on the weekly and daily charts.

I personally don't feel that the 5 waves work as well on the lower time frames, i have tried to count 5 waves many times and have never managed to make it work for me.
  • #2,934
  • Jan 23, 2013 9:10am Jan 23, 2013 9:10am
Quoting halkins
Should I stay or should I go... ???
The pressure from downside is strong, we're making higher lows, but still not making higher highs...
Bears attack their upper boundaries every time bull get near them.
I have a sell half position order at 5890.... will shoot for 5920 if I get lucky enough to get to 5890...

I'm just gonna let the market take me out by hitting my stop on a new lower low.... or hit my target...

Can't let run... unless you let em actually run....
  • #2,935
  • Jan 23, 2013 9:13am Jan 23, 2013 9:13am
Quoting Crassius
I have a sell half position order at 5890.... will shoot for 5920 if I get lucky enough to get to 5890...

I'm just gonna let the market take me out by hitting my stop on a new lower low.... or hit my target...

Can't let run... unless you let em actually run....
For me it's important that we don't get below last 1H candle lowest.
Read Charts - Not Papers
  • #2,936
  • Jan 23, 2013 9:14am Jan 23, 2013 9:14am
Yippee... Target reached on 1st half... + 38..... nothing to write home about... but at least they are green...

Next targets are a bit funny 5907 is 200 DMA.... you would think it would stop anything.... but there are a mess of stops just beyond that if hit will cause a lot of upside volatility...... juicy volatility....

Stop on rest moved to 5872
  • #2,937
  • Jan 23, 2013 9:17am Jan 23, 2013 9:17am
Quoting halkins
For me it's important that we don't get below last 1H candle lowest.
Yes... H1 candfle much more important pric epoint agreed.... I want something outta this effort... its a paltry little trade...

Stopped out on last half 5872.... Oh well...

Not the greatest trade in the world...

But at least I am on the right side of the market instead of chasing it around always one step behind....
  • #2,938
  • Jan 23, 2013 9:17am Jan 23, 2013 9:17am
Quoting Crassius
Yippee... Target reached on 1st half... + 38..... nothing to write home about... but at least they are green...

Next targets are a bit funny 5907 is 200 DMA.... you would think it would stop anything.... but there are a mess of stops just beyond that if hit will cause a lot of upside volatility...... juicy volatility....

Stop on rest moved to 5872
MyGod... it was you making this spike?
What did you do, sold 1.000 Lots, hehehehe
Read Charts - Not Papers
  • #2,939
  • Jan 23, 2013 9:19am Jan 23, 2013 9:19am
Quoting Crassius
Yippee... Target reached on 1st half... + 38..... nothing to write home about... but at least they are green...

Next targets are a bit funny 5907 is 200 DMA.... you would think it would stop anything.... but there are a mess of stops just beyond that if hit will cause a lot of upside volatility...... juicy volatility....

Stop on rest moved to 5872
As far as now, it was more SELL orders waiting.
I hope bloody bears won't find anybody willing to buy back their money...
Read Charts - Not Papers
  • #2,940
  • Jan 23, 2013 9:19am Jan 23, 2013 9:19am
Quoting n_aftab
I'll be honest with you, i only find the weekly chart useful to determine the waves, i don't rely on them.

I prefer looking at are we making higher highs and lower lows etc again on the weekly and daily charts.

I personally don't feel that the 5 waves work as well on the lower time frames, i have tried to count 5 waves many times and have never managed to make it work for me.

Well, its great to here from many people and find out whats working for them.... in the end we all have to find our own way....
1 trader viewing now