A pip is only worth it if you know how much you risked to earn it
- #785,121
- Apr 9, 2013 8:06am Apr 9, 2013 8:06am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
- #785,122
- Apr 9, 2013 8:07am Apr 9, 2013 8:07am
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
those who can, do. those who cant, talk about those who can
- #785,123
- Apr 9, 2013 8:08am Apr 9, 2013 8:08am
- | Joined Oct 2011 | Status: In your head, eating your brain | 2,562 Posts
After looking into Elliot waves again I am close to calling it the "hindsight indicator". In my mind I have a picture of South Park's "Captain Hindsight" 
- #785,124
- Apr 9, 2013 8:09am Apr 9, 2013 8:09am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #785,125
- Apr 9, 2013 8:11am Apr 9, 2013 8:11am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Nice call... out of interest... would you say we're about to begin the 5th wave up on Weekly? {image}
But i'd like to see a dip near 1,2900 first....below it i'll reevaluate, and below 1,2600 i may cancel it
COT: The precious data ignored
- #785,127
- Apr 9, 2013 8:16am Apr 9, 2013 8:16am
- Joined Jul 2009 | Status: Left Leg In, Right Leg Out! | 5,792 Posts
I don't think that's valid.. w4 entered the territory of w1...
But I think I get you. So the retrace can't violate a previous wave's price range. As in below, the supposed W4 went into the W1 range therefore invalidating it.
Thanks Attila!
A pip is only worth it if you know how much you risked to earn it
- #785,128
- Apr 9, 2013 8:16am Apr 9, 2013 8:16am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
h1 watching that TL above.. might be good for a fade. https://www.tradingview.com/x/X71BCYvn/
if it's not touching that, pulls back and reverses, it should go higher.. either way, NY will decide, or so they'll think..
- #785,129
- Apr 9, 2013 8:18am Apr 9, 2013 8:18am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Not an EW analyzer at all... just picking up on what folk like Dr Doom kindly point out. But I think I get you. So the retrace can't violate a previous wave's price range. As in below, the supposed W4 went into the W1 range therefore invalidating it. Thanks Attila!
That's what I'm thinking... Best case this whole thing is a correction of the higher trend and we can be dealing with an extended flat here.. ABC-X-ABC.. Dr. Doom please comment.. I am not sure I know what I'm talking about.
- #785,130
- Apr 9, 2013 8:19am Apr 9, 2013 8:19am
- Joined Feb 2012 | Status: Trader | 5,619 Posts
if it's not touching that, pulls back and reverses, it should go higher.. either way, NY will decide, or so they'll think..
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
- #785,131
- Apr 9, 2013 8:20am Apr 9, 2013 8:20am
- | Commercial User | Joined Nov 2012 | 3,178 Posts
To me pair is in the process of going higher....around 1,3800-1,4000. But i'd like to see a dip near 1,2900 first....below it i'll reevaluate, and below 1,2600 i may cancel it
Its a race to debase now... Last one to 0 loses as do we all
Trade smaller than rational because the market is irrational...
- #785,136
- Apr 9, 2013 8:28am Apr 9, 2013 8:28am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
Bro I would disagree. @1.37ish Draghi came out bearish and the EU ministers were B*tching about how a high E was affecting their exports. Its a race to debase now... Last one to 0 loses as do we all
But i still see it heading to 1,3600 minimum in the coming months.
I'm not betting the house on it though
Where do you see it going ? 1,2500 ? back to 1,2000 ?
COT: The precious data ignored
- #785,138
- Apr 9, 2013 8:33am Apr 9, 2013 8:33am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
- #785,139
- Apr 9, 2013 8:33am Apr 9, 2013 8:33am
- Joined Jul 2007 | Status: Trader | 17,796 Posts
COT: The precious data ignored
- #785,140
- Apr 9, 2013 8:34am Apr 9, 2013 8:34am
- | Membership Revoked | Joined Mar 2009 | 16,693 Posts
Below 1,3075 possible to see 1,3015 again.
that would mess my long set up