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  • #784,721
  • Apr 8, 2013 11:07am Apr 8, 2013 11:07am
Quoting math_GB
You see where it is going right dude...? I have sell limit @129.20 and every 20 pip above it up untill 129.80
And this rocket will fall to what target ?
  • #784,722
  • Apr 8, 2013 11:08am Apr 8, 2013 11:08am
Quoting math_GB
You see where it is going right dude...? I have sell limit @129.20 and every 20 pip above it up untill 129.80
What is the method to your selling? Just being overbought as it is on every time frame. They say nothing goes up in a straight line, but it is sure trying
When the facts change I change my mind, what do you do sir
  • #784,723
  • Apr 8, 2013 11:11am Apr 8, 2013 11:11am
Quoting attila
Your last A has 4 waves.. ABCs are 3-3-5.. never mind... you are right the way you drew it.. I just see something different here..
Ok. Lets break it down. Currently I don't know how to count this otherwise. It surely doesn't look impulsive.
Some EW folks are even calling my red A and B a 1st and 2nd wave. It surely doesn't look like that.
We will all know when price make up it's mind!
Attached Image (click to enlarge)
Click to Enlarge Name: eurus-counts.gif Size: 36 KB
  • #784,724
  • Apr 8, 2013 11:11am Apr 8, 2013 11:11am
dont know who is the group of guys pushing E/J and U/J at these levels but they seem decided to take SL up there.

Then it will fall like a stone?
  • #784,725
  • Apr 8, 2013 11:12am Apr 8, 2013 11:12am
Quoting ForExtraPips
Something about not like what I'm seeing right now. And using really tight SL
Yeah there's still selling going on, I usually give it a few periods to do its thing and get out of there or I consider cutting it loose early before it hits the full stop.

Quoting divak
dont know who is the group of guys pushing E/J and U/J at these levels but they seem decided to take SL up there. Then it will fall like a stone?
Probably not. Between 128 an 128.7 (EJ) there was an attempt for bears to break lower but that failed with some long wicks being the result of strong buying. If it can make a sustained break below 128, maybe we'll see a healthy retracement to one of the higher time frame consolidation zones...
  • #784,726
  • Apr 8, 2013 11:17am Apr 8, 2013 11:17am
Quoting enterfx
Ok. Lets break it down. Currently I don't know how to count this otherwise. It surely doesn't look impulsive. Some EW folks are even calling my red A and B a 1st and 2nd wave. It surely doesn't look like that. We will all know when price make up it's mind! {image}

I mean, yeah.. You can take it different ways.. That's the problem with EW.. We could also be in a ABC 4 wave correction.. The difference between yours and mine is the ending of the two patterns. I see it a little higher than yours.
  • #784,727
  • Apr 8, 2013 11:17am Apr 8, 2013 11:17am
Quoting Pip Anon
What is the method to your selling? Just being overbought as it is on every time frame. They say nothing goes up in a straight line, but it is sure trying
Check the weekly R1 dude, It was close to 129.35 this morning, it came down a little with today's PA. It serves a good r/r ratio. No matter how much I wish this to have a decent retrace meaning up untill 125.00s but with the current momentum it seems not possible so I will look for 100 pip retrace from the weekly R1 ceteris paribus...
  • #784,728
  • Apr 8, 2013 11:19am Apr 8, 2013 11:19am
Quoting attila
I mean, yeah.. You can take it different ways.. That's the problem with EW.. We could also be in a ABC 4 wave correction.. The difference between yours and mine is the ending of the two patterns. I see it a little higher than yours.
I understand, you're studying foreign languages now?
  • #784,729
  • Apr 8, 2013 11:20am Apr 8, 2013 11:20am
Quoting attila
I mean, yeah.. You can take it different ways.. That's the problem with EW.. We could also be in a ABC 4 wave correction.. The difference between yours and mine is the ending of the two patterns. I see it a little higher than yours.

Here... and that's because of those TLs..

https://www.tradingview.com/x/Mw9K9aFv/
  • #784,730
  • Apr 8, 2013 11:20am Apr 8, 2013 11:20am
Quoting math_GB
Check the weekly R1 dude, It was close to 129.35 this morning, it came down a little with today's PA. It serves a good r/r ratio. No matter how much I wish this to have a decent retrace meaning up untill 125.00s but with the current momentum it seems not possible so I will look for 100 pip retrace from the weekly R1 ceteris paribus...
Ok dude.
When the facts change I change my mind, what do you do sir
  • #784,731
  • Apr 8, 2013 11:20am Apr 8, 2013 11:20am
Quoting Mr Hatch
I understand, you're studying foreign languages now?

No, not studying.. I'm not using EW for trading.. I can talk about so many things from EW, Market Profile, Gann, Fibs, etc.
  • #784,732
  • Apr 8, 2013 11:21am Apr 8, 2013 11:21am
-60 pips on E/J
+40 pips on U/J

Just in the last 45 minutes. Anybody called a top on E/J yet?
  • #784,733
  • Apr 8, 2013 11:22am Apr 8, 2013 11:22am
Quoting divak
dont know who is the group of guys pushing E/J and U/J at these levels but they seem decided to take SL up there. Then it will fall like a stone?
NO
As Above, So Below
  • #784,734
  • Apr 8, 2013 11:27am Apr 8, 2013 11:27am
Quoting enterfx
Ok. Lets break it down. Currently I don't know how to count this otherwise. It surely doesn't look impulsive. Some EW folks are even calling my red A and B a 1st and 2nd wave. It surely doesn't look like that. We will all know when price make up it's mind! {image}
No no no you're doing it all wrong. Here's how it should be.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDcounts.gif Size: 43 KB
  • #784,735
  • Apr 8, 2013 11:37am Apr 8, 2013 11:37am
m15 back test? who knows.. too slow to tell...

https://www.tradingview.com/x/uxyNgHl0/
  • #784,736
  • Apr 8, 2013 11:37am Apr 8, 2013 11:37am
Quoting tashkent
NO
falling a bit.... seems some HF/Instit was pushing alone.
Maybe huge portfolio rebalancing....
  • #784,737
  • Apr 8, 2013 11:39am Apr 8, 2013 11:39am
Quoting math_GB
You see where it is going right dude...? I have sell limit @129.20 and every 20 pip above it up untill 129.80
Only one of them has been filled @129.20
  • #784,738
  • Apr 8, 2013 11:43am Apr 8, 2013 11:43am
A couple of bounces off the 23.6 but not enough strength to form a new high and challenge the 38.2 fib.

I cant help feeling the market is about to pull the plug and drop this down through to 1.292 and potentially beyond.

Rallies seem to be capped beneath 1.305 where the selling pressure seems to be significant,
Money never sleeps...
  • #784,739
  • Apr 8, 2013 11:44am Apr 8, 2013 11:44am
Here's a question. Did BOJ actually start to print? Or it's just talk they will?
  • #784,740
  • Apr 8, 2013 11:45am Apr 8, 2013 11:45am
Quoting attila
I mean, yeah.. You can take it different ways.. That's the problem with EW.. We could also be in a ABC 4 wave correction.. The difference between yours and mine is the ending of the two patterns. I see it a little higher than yours.
So how does a 4 wave look like....? Do you know it's mathematically impossible for a price wave to have only 4 waves? there are three or 5. EW is excellent when you can spot a clear pattern. It's like $$$ in the bank :-), but of course not without risk either.
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