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  • #784,721
  • Apr 8, 2013 1:07pm Apr 8, 2013 1:07pm
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 1:08pm Apr 8, 2013 1:08pm
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 1:11pm Apr 8, 2013 1:11pm
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 1:11pm Apr 8, 2013 1:11pm
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 1:12pm Apr 8, 2013 1:12pm
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 1:17pm Apr 8, 2013 1:17pm
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 1:17pm Apr 8, 2013 1:17pm
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 1:19pm Apr 8, 2013 1:19pm
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 1:20pm Apr 8, 2013 1:20pm
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 1:20pm Apr 8, 2013 1:20pm
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 1:20pm Apr 8, 2013 1:20pm
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 1:21pm Apr 8, 2013 1:21pm
-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 1:22pm Apr 8, 2013 1:22pm
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 1:27pm Apr 8, 2013 1:27pm
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 1:37pm Apr 8, 2013 1:37pm
m15 back test? who knows.. too slow to tell...

https://www.tradingview.com/x/uxyNgHl0/
  • #784,736
  • Apr 8, 2013 1:37pm Apr 8, 2013 1:37pm
Quoting tashkent
NO
falling a bit.... seems some HF/Instit was pushing alone.
Maybe huge portfolio rebalancing....
  • #784,737
  • Apr 8, 2013 1:39pm Apr 8, 2013 1:39pm
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 1:43pm Apr 8, 2013 1:43pm
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 1:44pm Apr 8, 2013 1:44pm
Here's a question. Did BOJ actually start to print? Or it's just talk they will?
  • #784,740
  • Apr 8, 2013 1:45pm Apr 8, 2013 1:45pm
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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