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  • #752,641
  • Jan 31, 2013 10:19am Jan 31, 2013 10:19am
Quoting bennyblanco
Weak long flush, looks like it could try higher again

Funny seeing perma bears get excited by a 20 pip drop

agree.

i just noticed a possibility based on a progressing EW impulse easily seen in the last 10 trading days: if wave one is from last wed morn to fri afternoon - and, wave 3 begins early tues morning and ends yesterday afternoon - 3700 is a reasonable target (wave 5 terminus)

wave 3 came out smaller than wave 1, so wave 5 s/b smaller than wave 3. that makes wave 5 anything up to about 175.

if we assume wave 5 began at 8:30 this morning, then 1.3700 is a piece a cake ... maybe in early eur tomorrow --- or maybe this follows on the nfp release?
  • #752,642
  • Jan 31, 2013 10:21am Jan 31, 2013 10:21am
Quoting makine
This False run up EU should be end.. Time to go down
how can it be false when it has happened?
  • #752,643
  • Jan 31, 2013 10:22am Jan 31, 2013 10:22am
Quoting gatorinla
small s at 3572... will build if all looks ok. 3592 still not hit, neither the 3594 one.
the target at 3592 has now been hit, we did not go back to norm at 2894 before hitting 3592. (probably because of boj) after a target is hit it may want a retrace, at least at some point. weakness in the bull should be respected. my high is 3593.4 that is still under the norm missed the last time @ 3594.. when that one is hit, we can make a LL below 1876.. the bulls have now hit the indicated target. we are so close to 3594 i dont know if its considered a hit or not.. life would be easier for me if it was hit. and then look for a turn after, on that weakness. even if a bunch higher. the bulls had sex for 3 months and may want a nap soon.. they did what they pointed to months back.

the pattern for apple was like this one.. 1.3 years ago. on that one after target was hit.. we continued. much higher then the 490 target.. but after.. we can see how it turned out.. when all were calling moon.
those who can, do. those who cant, talk about those who can
  • #752,644
  • Jan 31, 2013 10:22am Jan 31, 2013 10:22am
Quoting 1candlepower
or maybe this follows on the nfp release?
That will be the driver tomorrow, could just see choppy PA now with it being month end
  • #752,645
  • Jan 31, 2013 10:26am Jan 31, 2013 10:26am
Quoting bennyblanco
It's not a false run up, why is it time to go down?
Euro have worse problems than USD. No reason to be strong Euro. Only German not be able save EU
  • #752,646
  • Jan 31, 2013 10:28am Jan 31, 2013 10:28am
Quoting 1candlepower
agree.

i just noticed a possibility based on a progressing EW impulse easily seen in the last 10 trading days: if wave one is from last wed morn to fri afternoon - and, wave 3 begins early tues morning and ends yesterday afternoon - 3700 is a reasonable target (wave 5 terminus)

wave 3 came out smaller than wave 1, so wave 5 s/b smaller than wave 3. that makes wave 5 anything up to about 175.

if we assume wave 5 began at 8:30 this morning, then 1.3700 is a piece a cake ... maybe in early eur tomorrow --- or maybe this follows on the nfp...

No, E/U = possum


http://2.bp.blogspot.com/-ATEW0Oeirq...400/possum.jpg

  • #752,647
  • Jan 31, 2013 10:29am Jan 31, 2013 10:29am
Quoting gatorinla
the target at 3592 has now been hit, we did not go back to norm at 3894 before hitting 3592. (probably because of boj) after a target is hit it may want a retrace, at least at some point. weakness in the bull should be respected. my high is 3593.4 that is still under the norm missed the last time @ 3594.. when that one is hit, we can make a LL below 1876.. the bulls have now hit the indicated target. we are so close to 3594 i dont know if its considered a hit or not.. life would be easier for me if it was. and then look for a turn after, on that...
Just out of interest Gator... does your method / calculation build in a precision amount? How important is it to hit the nominal intege being only 0.6 out in this instance... in the grand scheme of things, does mathematical imprecision invalidate the mathematical logic that created the move in the first place? ie. there are no straight lines in nature. blah blah blah..... just thinking out loud.
A pip is only worth it if you know how much you risked to earn it
  • #752,648
  • Jan 31, 2013 10:30am Jan 31, 2013 10:30am
Quoting makine
Euro have worse problems than USD. No reason to be strong Euro. Only German not be able save EU
It's been discussed before, the pros & cons of both currencies. I would suggest you need to do your fundamental analysis again, and look at the monthly chart
  • #752,649
  • Jan 31, 2013 10:31am Jan 31, 2013 10:31am
Back inside 77-81...bounce off it may lead to 1.3550 first.
Break of it new high obviously
  • #752,650
  • Jan 31, 2013 10:31am Jan 31, 2013 10:31am
Quoting Ken A
No, E/U = possum


http://2.bp.blogspot.com/-ATEW0Oeirq...400/possum.jpg



HA!!!
  • #752,651
  • Jan 31, 2013 10:31am Jan 31, 2013 10:31am
Quoting makine
Euro have worse problems than USD. No reason to be strong Euro. Only German not be able save EU
Your fundamental analysis is getting in the ultimate real way trades are done = sentiment.

Rupees or Pesos could be absolute gold dust fundamentally but if the sentiment is that they're dog poo, then their exchange value will be traded to reflect that.

The market IS perfect.... because it wants to be.
A pip is only worth it if you know how much you risked to earn it
  • #752,652
  • Jan 31, 2013 10:33am Jan 31, 2013 10:33am
Quoting makine
Euro have worse problems than USD. No reason to be strong Euro. Only German not be able save EU
The only EU countries with a worse government debt to GDP ratio than the US are Italy, Greece and Ireland...all of which represent a relatively small amount of the EU's economic strength. The EU governments also aren't in a gridlock as bad as in the US where one party thinks the others are "pot smoking gay hippies with Marxist connections" while the others think that first party are "dumb religious fundamentalists full of racist bigots trying to only work for rich people".

The only reason the US is still holding on is because their currency is the world's reserve currency. Once that ends (and it will!), the dollar will drop in value massively. Last time this happened (to the Sterling btw), that currency lost 80% of its value pretty much overnight.

Another thing that helps the EU is that people are generally more prone to saving, and less prone to using debt as the main funding options. This allows them to cope with the crisis a bit better. Take Spain for example with its horrible unemployment rate. 50% of young people are unemployed, yet they survive...because their families saved during good times. In the US a majority of the people simply keep on consuming by overloading on debt...which makes them very inflexible when it comes to dealing with an economic crisis.
  • #752,653
  • Jan 31, 2013 10:33am Jan 31, 2013 10:33am
Quoting makine
This False run up EU should be end.. Time to go down
mmmm sure??
  • #752,654
  • Jan 31, 2013 10:33am Jan 31, 2013 10:33am
I cashed in on the spike now have some new entries

I love making the same pips twice
Attached Image
  • #752,655
  • Jan 31, 2013 10:33am Jan 31, 2013 10:33am
Quoting vlady1974
Just out of interest Gator... does your method / calculation build in a precision amount? How important is it to hit the nominal intege being only 0.6 out in this instance... in the grand scheme of things, does mathematical imprecision invalidate the mathematical logic that created the move in the first place? ie. there are no straight lines in nature. blah blah blah..... just thinking out loud.
By the way, my price printed as 1.35938
That's got to be a hit, surely!
A pip is only worth it if you know how much you risked to earn it
  • #752,656
  • Jan 31, 2013 10:34am Jan 31, 2013 10:34am
Quoting makine
Euro have worse problems than USD. No reason to be strong Euro. Only German not be able save EU
forget fundamental unless you can afford 500 pip s/l , concentrate on technical and trade what ever pa offer
Mohan
  • #752,657
  • Jan 31, 2013 10:34am Jan 31, 2013 10:34am
Quoting gatorinla
the target at 3592 has now been hit, we did not go back to norm at 2894 before hitting 3592. (probably because of boj) after a target is hit it may want a retrace, at least at some point. weakness in the bull should be respected. my high is 3593.4 that is still under the norm missed the last time @ 3594.. when that one is hit, we can make a LL below 1876.. the bulls have now hit the indicated target. we are so close to 3594 i dont know if its considered a hit or not.. life would be easier for me if it was hit. and then look for a turn after,...


if .eu continues to show the current tl system the same respect it has since tues morn, we'll be over 3600 in less than 3 hrs
  • #752,658
  • Jan 31, 2013 10:35am Jan 31, 2013 10:35am
Quoting attila
67

Attachment
Sometimes I feel like I want to make love with your brain... Unbelievable dude... What are you eating & drinking. How can you see these things... You two make me feel unworthy...
  • #752,659
  • Jan 31, 2013 10:38am Jan 31, 2013 10:38am
Quoting MaxDoom
I cashed in on the spike now have some new entries

I love making the same pips twice
You take any shorts or only longs?
  • #752,660
  • Jan 31, 2013 10:38am Jan 31, 2013 10:38am
Quoting akedemik
You take any shorts or only longs?
no shorts for me
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