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  • #7,121
  • Feb 4, 2013 5:34pm Feb 4, 2013 5:34pm
Quoting Luis Carlos
This was my first view
Now
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,122
  • Feb 4, 2013 5:37pm Feb 4, 2013 5:37pm
Quoting Luis Carlos
Now
Nice chart ! thank for your sharing.
  • #7,123
  • Feb 4, 2013 7:39pm Feb 4, 2013 7:39pm
Quoting thodie
Hi MIGS,

just a question according to EW rules - wave 3 may never be the shortest, in your daily count wave 3 is shorter than 1 and 5
Thodie which chart and which wave 3?
  • #7,124
  • Feb 4, 2013 8:56pm Feb 4, 2013 8:56pm
Good evening everyone, just working on EUR and thought I would share. Any thoughts or ideas are appreciated.

Thank you.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,125
  • Edited 10:20pm Feb 4, 2013 10:03pm | Edited 10:20pm
Hi Mr Scott. I am reluctant to even try and guess the EURUSD count, since once WXYXZ escalates to the 3rd degree I lose the will to label that.

What I do see on the chart is a completed 5 waves up (the last 10 or so candles) to the latest peak. Not on the chart is a strong impulse downward to present (it looks like an ending diagonal is forming as I write). With bullish consensus (trade-futures.com) at 93% on that latest peak and "Euro jitters" officially back in fashion with the media, I doubt there is any more upward corrective inclination left in the market. To make contingency plans for another new high might be a good idea but I am instead waiting to see what the correction to the current impulse down will look like and if it could be wave 2 of the EUR crash which (if confirmed by stocks) would then confirm the wider bear market is underway.

If, against all precedent and indication, new highs develop in the EURUSD and the stock indices, well then, i dunno, we'll all have drinks on the moon together
cryptocurrency everytime
  • #7,126
  • Feb 4, 2013 10:58pm Feb 4, 2013 10:58pm
Timeto get long EU
13462
  • #7,127
  • Feb 4, 2013 11:14pm Feb 4, 2013 11:14pm
Quoting venzen
Hi Mr Scott. I am reluctant to even try and guess the EURUSD count, since once WXYXZ escalates to the 3rd degree I lose the will to label that.

What I do see on the chart is a completed 5 waves up (the last 10 or so candles) to the latest peak. Not on the chart is a strong impulse downward to present (it looks like an ending diagonal is forming as I write). With bullish consensus (trade-futures.com) at 93% on that latest peak and "Euro jitters" officially back in fashion with the media, I doubt there is any more upward corrective inclination...
Thank you for input my friend. I was having trouble deciding whether or not it had yet topped, so that is why I posted it. Could see it extend or C ending here. I was inclined to see one more push higher. Very interesting but outlook is still big move down upon completion of c and then a big move up to top or corrective weekly triangle in 1.4x land.

Thank you,
Scott
The world you desire can be won. It exists.. it is real.. it is possible..
  • #7,128
  • Feb 4, 2013 11:21pm Feb 4, 2013 11:21pm
Quoting dopodopo
Timeto get long EU
13462
Man tricky tonight

just closed a short

need some long action

dumb ass me held on to a few longs
  • #7,129
  • Feb 5, 2013 12:06am Feb 5, 2013 12:06am
At least an X wave on EU, still undecided on EJ, but posted these yesterday;

EU, (C=138.2% of A);

http://i1168.photobucket.com/albums/...1h04-02-13.png

and EJ (C=A);

http://i1168.photobucket.com/albums/...1h04-02-13.png
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  • #7,130
  • Feb 5, 2013 12:09am Feb 5, 2013 12:09am
Quoting Luis Carlos
Now
Very nice work sir...
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  • #7,131
  • Feb 5, 2013 12:15am Feb 5, 2013 12:15am
EURUSD has bounced at 1.3460
cryptocurrency everytime
  • #7,132
  • Feb 5, 2013 12:17am Feb 5, 2013 12:17am
And EJ bounce from exactly 124.00! (nice one Luis!)
cryptocurrency everytime
  • #7,133
  • Feb 5, 2013 12:27am Feb 5, 2013 12:27am
Unless this morphs into a diagonal, the 38.2% for 5th (of C) was it, shame it didn't hit the channel line though. looks like a minor 5w advance already taken out end of prior 4th (of lesser degree);

http://i1168.photobucket.com/albums/...5m05-02-13.png
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  • #7,134
  • Feb 5, 2013 12:33am Feb 5, 2013 12:33am
Quoting The Cableguy
At least an X wave on EU, still undecided on EJ, but posted these yesterday;

EU, (C=138.2% of A);

and EJ (C=A);
Nice one, I see you also had the EJ 124 level as a Fib level. Love it when price does that!

Glad to see your EU has Y completed. Another X tho'... I wonder if the market has the stones.

What makes you expect another X, Cableguy?
cryptocurrency everytime
  • #7,135
  • Feb 5, 2013 12:43am Feb 5, 2013 12:43am
'What makes you expect another X, Cableguy?'


To be honest, i don't, but this whole move up (WXY) came from a HL and that really really bothers me...
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  • #7,136
  • Feb 5, 2013 12:50am Feb 5, 2013 12:50am
13530 might be a reversal on EU , my long on E/J remain 123.65 , not reached yet
  • #7,137
  • Feb 5, 2013 12:57am Feb 5, 2013 12:57am
Quoting The Cableguy
Unless this morphs into a diagonal, the 38.2% for 5th (of C) was it, shame it didn't hit the channel line though. looks like a minor 5w advance already taken out end of prior 4th (of lesser degree);

http://i1168.photobucket.com/albums/...5m05-02-13.png

Nice view CG. like always
  • #7,138
  • Feb 5, 2013 1:00am Feb 5, 2013 1:00am
Quote
To be honest, i don't, but this whole move up (WXY) came from a HL and that really really bothers me...

hmmm, yes, the low (1.2042) in late July 2012, right? And before that the last impulsive decline makes the low in June 2010 at 1.1876

That's why I don't like counting the EURUSD chart's history - there are just too many corrective levels embedded in one another...

Anyhow, soldiering on with the count as is W-X-Y is in, an impulse down and price is currently making a beeline for 1.36
cryptocurrency everytime
  • #7,139
  • Feb 5, 2013 1:01am Feb 5, 2013 1:01am
time to short Eu 13534
  • #7,140
  • Feb 5, 2013 1:05am Feb 5, 2013 1:05am
Quoting venzen
hmmm, yes, the low (1.2042) in late July 2012, right? And before that the last impulsive decline makes the low in June 2010 at 1.1876

That's why I don't like counting the EURUSD chart's history - there are just too many corrective levels embedded in one another...

Anyhow, soldiering on with the count as is W-X-Y is in, an impulse down and price is currently making a beeline for 1.36

Yeh, this is just a quick idea without having put too much thought into it, there is a lack of historical data due to the relative infancy of the currency, however, a HL to be followed by a HH would be quite a sensible conclusion;

http://i1168.photobucket.com/albums/...uw05-02-13.png
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