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  • #7,541
  • Feb 8, 2013 10:22am Feb 8, 2013 10:22am
Let see if ii is not ready at Ej and make a letter M
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,542
  • Feb 8, 2013 10:25am Feb 8, 2013 10:25am
Quoting Luis Carlos
Get ready we are near to the big one at euro yen up
buy now ej 124.00?
Wooooohooooo or Boooooohooooo
  • #7,543
  • Feb 8, 2013 10:26am Feb 8, 2013 10:26am
wait break 124.15
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,544
  • Feb 8, 2013 10:34am Feb 8, 2013 10:34am
Quoting Luis Carlos
wait break 124.15
thanks luis.....

reason i'm asking is that i'm testing with this pair a system that gives me ranges....i have it pretty well done on xau.usd...
with ej trying to see if m15 or h1 is better tf but giving me different results....

ej m15
is going lower and how low i dont know
maybe 123.66 is the stop
123.40-123.50 maybe at least

h1
lower also but retrace max is 124.48
lower is same 123.4
Wooooohooooo or Boooooohooooo
  • #7,545
  • Feb 8, 2013 10:59am Feb 8, 2013 10:59am
good entry 123.90
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,546
  • Feb 8, 2013 11:00am Feb 8, 2013 11:00am
Ej is doing a nest converted in a bullish triangle
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #7,547
  • Feb 8, 2013 11:05am Feb 8, 2013 11:05am
Quoting Luis Carlos
good entry 123.90
with price staying above 123.835 should go bullish....lots of bounces from that price
lets see if this continues up or drops lower
Wooooohooooo or Boooooohooooo
  • #7,548
  • Feb 8, 2013 11:08am Feb 8, 2013 11:08am
EJ on its way up to 125.6x

S&P in wave 5 of wave 3 of C (initial target 1520 for wave 3 and then 1525 for final wave 5)

Dow crossing 14,000 again and indicators diverging massively

Remember to plan beyond this trade. When all of the above top out, be ready for the bottom to drop out - S&P could top anytime soon. Could be today or next week but whichever way I think this particular wave up is going to be tricksy - maybe undershooting the target or hitting it swiftly and reversing.
cryptocurrency everytime
  • #7,549
  • Feb 8, 2013 11:10am Feb 8, 2013 11:10am
Quoting venzen
I wanted to post the following chart of the South Africa 40 index before, but it was an eventful week for everybody, so now might be a better time.

The price action has been relentless with a "going to the moon" mania over the past 6 months. This SA40 index is closely correlated to the DJI index and its strength is mainly from the mining, industrial, banking and retail sectors. Possibly, the fact that South Africa is viewed as an Emerging Market, recently joined BRIC(S) and has a 5% interest rate has made it attractive to foreign investors,...


show an RSI 14 and the Awesome Oscillator under the price chart, please
  • #7,550
  • Feb 8, 2013 11:17am Feb 8, 2013 11:17am
Quoting gnomoneey
with price staying above 123.835 should go bullish....lots of bounces from that price
lets see if this continues up or drops lower
EUR/JPY – In the midst of a corrective phase


From migbank.com http://www.forexfactory.com/images/attach/pdf.gif

http://www.forexfactory.com/resource...tory-quote.png

EUR/JPY remains in the midst of a short-term corrective phase. However, longer-term, we note the break over strong resistance at 123.33, suggesting scope for a return towards 139.22 over the coming weeks and months. A break under 1.2350 would suggest scope for a move back down towards the 121.22 level. It should also be noted that the pair is heavily overbought exhibiting multiple RSI bearish divergences, suggesting caution should be taken when entering into long positions in this pair. EUR/GBP continues to correct lower after breaking under 0.8555 (05/02/2013 low). Scope is now seen for ... (full story)
Wooooohooooo or Boooooohooooo
  • #7,551
  • Edited 11:49am Feb 8, 2013 11:31am | Edited 11:49am
Gonna do a contrarian view here. i like the Fib levels so much in the earlier chart, that we may have even had wave B already, 'c' (of B) reached 76.4% of 'a' (of B) in 5w... it could be down from here, especially as EU has a date with at least 13,330 yet...

Also decent bout of hidden divergence

http://i1168.photobucket.com/albums/...5m08-02-13.png

Only thing i will say, is that i don't really like that chart at all! The general rule that the overall abc will be both longer and further than the longest of either wave 2 or 4, doesn't appear to have been fulfilled. It probably backs up the diagonal view too. I guess i will go short on a fresh low and be done with it, unless we go higher and i can determine a better count.
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,552
  • Feb 8, 2013 11:34am Feb 8, 2013 11:34am
Quoting infinitus
show an RSI 14 and the Awesome Oscillator under the price chart, please
Infinitus, thanks for having a look.

My platform doesn't have Awesome Oscillator - will another oscillator/indicator do?
cryptocurrency everytime
  • #7,553
  • Feb 8, 2013 11:45am Feb 8, 2013 11:45am
Quoting The Cableguy
Gonna do a contrarian view here. i like the Fib levels so much in the earlier chart, that we may have even had wave B already, 'c' (of B) reached 76.4% of 'a' (of B) in 5w... it could be down from here, especially as EU has a date with at least 13,330 yet...

Also decent bout of hidden divergence
Pity 76,4% is the fib ratio that just doesn't "ring true" same as the others

As for hidden divergences... Check the RSI on all of today's EJ PA - its contracting to the centreline no matter what price does!

Edit: I meant to say RSI divergences from price at each move and MACD contracts to the centreline no matter what PA
cryptocurrency everytime
  • #7,554
  • Feb 8, 2013 11:49am Feb 8, 2013 11:49am
Quoting gnomoneey
with price staying above 123.835 should go bullish....lots of bounces from that price
lets see if this continues up or drops lower

122.69 daily s2

123.4-123.5 next support...break should go to daily s2
Wooooohooooo or Boooooohooooo
  • #7,555
  • Feb 8, 2013 11:55am Feb 8, 2013 11:55am
Quoting gnomoneey
EUR/JPY – In the midst of a corrective phase

EUR/JPY remains in the midst of a short-term corrective phase. However, longer-term, ....)
The man at the bank - he is a crook!
cryptocurrency everytime
  • #7,556
  • Feb 8, 2013 12:04pm Feb 8, 2013 12:04pm
I have observed in the past that people seem to use Divergences differently. I learnt to use each peak to peak, therefore Hidden divergence will always override standard positive/negative....

*edit* agreed with 76.4%, not really good enough to have any belief!!!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #7,557
  • Feb 8, 2013 12:09pm Feb 8, 2013 12:09pm
Entered LONG 1.3357

http://www.forexfactory.com/showthre...27#post6431627
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD.png Size: 66 KB
Click to Enlarge Name: USD (after).png Size: 30 KB
  • #7,558
  • Feb 8, 2013 12:10pm Feb 8, 2013 12:10pm
Quoting The Cableguy
I have observed in the past that people seem to use Divergences differently. I learnt to use each peak to peak, therefore Hidden divergence will always override standard positive/negative....

*edit* agreed with 76.4%, not really good enough to have any belief!!!
While we wait for something to happen with PA, what is Hidden divergence?
cryptocurrency everytime
  • #7,559
  • Feb 8, 2013 12:16pm Feb 8, 2013 12:16pm
Quoting venzen
While we wait for something to happen with PA, what is Hidden divergence?
look here

http://www.babypips.com/school/hidden-divergence.html
  • #7,560
  • Feb 8, 2013 12:22pm Feb 8, 2013 12:22pm
Quoting Schickeria
Entered LONG 1.3357

http://www.forexfactory.com/showthre...27#post6431627
You nailed the cusp there! I am interested: what made you choose that price level? I ask because there is a Fib level below at 1.3330..

Also, I am glad to see your chart of EU with a daily pivot on there (my platform's Pivot points are unusable) - I notice PA just dropped through the pivot without even saying hello
cryptocurrency everytime
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