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Elliott wave outlook

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  • #8,181
  • Mar 3, 2013 2:24pm Mar 3, 2013 2:24pm
http://elliottwavetrendsandcharts.com/
USDx / GOLD / Stocks EW Analysis.
[Inverse of EU]
One possibility they have is an Upside Break Out for the $ = Downside for EU.
Cheers,
U2
Wait, or you will be slaughtered!
  • #8,182
  • Mar 3, 2013 2:39pm Mar 3, 2013 2:39pm
Morning Luis,

EURUSD:

Prior to market opening, I predict a movement up to 1.326 followed by downward continuation playing H&S with blue neckline/support as per my D1 Chart.

Of course 1.3000 could be the reversal point, but I am considering stop hunt + retracement before continuation. Probably oversold but I don't use MACD/Stochastics that sort of thing
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H&S2.PNG Size: 80 KB
Even the worst trade can close with profit. Just give it time.
  • #8,183
  • Mar 3, 2013 6:27pm Mar 3, 2013 6:27pm
http://c1303.hizliresim.com/17/4/kqqwv.png
  • #8,184
  • Mar 3, 2013 6:31pm Mar 3, 2013 6:31pm
http://c1303.hizliresim.com/17/4/kqqyv.png
  • #8,185
  • Mar 3, 2013 6:38pm Mar 3, 2013 6:38pm
http://c1303.hizliresim.com/17/4/kqr2n.png
  • #8,186
  • Mar 3, 2013 6:54pm Mar 3, 2013 6:54pm
http://c1303.hizliresim.com/17/4/kqr9y.png
  • #8,187
  • Edited 8:39pm Mar 3, 2013 8:17pm | Edited 8:39pm
emirler,

Great charts. Like the pictures and your RSI settings

Edit: didn't say the obvious: lots of Fibonacci levels inspire confidence
cryptocurrency everytime
  • #8,188
  • Mar 3, 2013 10:15pm Mar 3, 2013 10:15pm
Quoting Luis Carlos
One more legs down at euro dolar to complete the cyclo. Should be nice with a gap
Agreed LC...Should have one more push down to complete. Your .2940 mark is probably going to be right on target, Nice Call! Then up to probably set up a head neck and shoulders pattern. You mentioned earlier that .3700 might be an eventual push up level, can you please explain that target because I see more downward movement after the shoulder. Please explain, thanks.
  • #8,189
  • Mar 3, 2013 11:15pm Mar 3, 2013 11:15pm
Gidday Traders

Anybody know, I have longs AUS/US

which pair to hedge,short to cover.
  • #8,190
  • Mar 3, 2013 11:27pm Mar 3, 2013 11:27pm
Quoting eliteincome
Gidday Traders

Anybody know, I have longs AUS/US

which pair to hedge,short to cover.
I only trade EU, but I think I have heard traders hedging with the loonie.
  • #8,191
  • Edited 11:46pm Mar 3, 2013 11:36pm | Edited 11:46pm
Quoting eliteincome
Gidday Traders

Anybody know, I have longs AUS/US

which pair to hedge,short to cover.
Buddha knows I am careful to give trading advice because if things go wrong I look the fool and I have caused bad luck and resentment.

Check what others say, but it seems logical to hedge using another USD pair, like EU or GU or USDCAD. EU has another leg down to go and USDCAD has legs going up (so no short). AUDUSD has just broken key support at 1.015 and is probably heading for the longterm TL at 0.98. Are you sure you wanto to hang on?

Best advice I ever got was Rules No1, No2 & No3 of Trading: "1. Cut your losses. 2. Cut your losses. 3. Cut your losses" - thereby spare yourself the psychological stress and loss of morale you feel when you look at an increasingly negative P/L on a losing position.
cryptocurrency everytime
  • #8,192
  • Mar 3, 2013 11:52pm Mar 3, 2013 11:52pm
Quoting eliteincome
Gidday Traders

Anybody know, I have longs AUS/US

which pair to hedge,short to cover.
Hi Elitecome
Which is the reason you want to hedge?
  • #8,193
  • Mar 4, 2013 4:43am Mar 4, 2013 4:43am
Good morning all, is it me or is it a bit slow today so far?!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,194
  • Mar 4, 2013 4:47am Mar 4, 2013 4:47am
Quoting The Cableguy
Good morning all, is it me or is it a bit slow today so far?!
G'day mate,
I hate to tell ya! It's YOU!!!
Just kidding. Yes, very sideways.
EU trying to hold onto Fridays Low PA.
Cheers,
U2
Wait, or you will be slaughtered!
  • #8,195
  • Mar 4, 2013 4:50am Mar 4, 2013 4:50am
Quoting Uturn2
G'day mate,
I hate to tell ya! It's YOU!!!
Just kidding. Yes, very sideways.
EU trying to hold onto Fridays Low PA.
Cheers,
U2

Ha ha, yes, my office is being renovated so i can't do much market moving right now... normal service will be resumed shortly!
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,196
  • Mar 4, 2013 5:04am Mar 4, 2013 5:04am
Quoting The Cableguy
Ha ha, yes, my office is being renovated so i can't do much market moving right now... normal service will be resumed shortly!
Strictly sideways. Not sure what to expect from the US session. Could get volatile if the media scared US participants over the weekend with sequestration meltdown, or else more of the same on Lake Placid...

Enjoy the new office
cryptocurrency everytime
  • #8,197
  • Mar 4, 2013 8:17am Mar 4, 2013 8:17am
EU Triangle?
  • #8,198
  • Mar 4, 2013 8:25am Mar 4, 2013 8:25am
Quoting MeInGraySuit
EU Triangle?
Hi mig
30m Chart
Attached Image (click to enlarge)
Click to Enlarge Name: 130304_30m[3]EURUSD.png Size: 23 KB
Wait, or you will be slaughtered!
  • #8,199
  • Mar 4, 2013 8:56am Mar 4, 2013 8:56am
Why am i suddenly craving a portion of fish and chips?

I realise this has absolutely nothing to do with FX or EW, but it is nevertheless a fact and i do like to try and stay factual...
GoFundMe -stage-4-glioma-brain-cancer-fighter (link in my profile)
  • #8,200
  • Mar 4, 2013 8:58am Mar 4, 2013 8:58am
Quoting The Cableguy
Why am i suddenly craving a portion of fish and chips?

I realise this has absolutely nothing to do with FX or EW, but it is nevertheless a fact and i do like to try and stay factual...
Maybe you want to trade cable?
The world you desire can be won. It exists.. it is real.. it is possible..
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