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Elliott wave outlook

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  • #8,721
  • May 30, 2013 6:25am May 30, 2013 6:25am
its the moment of truth for the dollar
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,722
  • May 30, 2013 6:58am May 30, 2013 6:58am
Quoting Luis Carlos
its the moment of truth for the dollar
Yep... and the dollar shall prevail. Did you ever have a doubt?
The current and future trend is for money to flow from Asia to the US. So that means that I will be AUD, NZD and JPY bearish.
The biggest winner will be USD and the smallest winner will be GBP. EUR will get some support too but not for very long.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,723
  • May 30, 2013 7:08am May 30, 2013 7:08am
If I see a spike first to 1.31 I will sell there.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,724
  • May 30, 2013 9:09am May 30, 2013 9:09am
Quoting Luis Carlos
If I see a spike first to 1.31 I will sell there.
...and there she blows
Those who say it cannot be done should not interrupt those who are doing it
  • #8,725
  • May 30, 2013 9:22am May 30, 2013 9:22am
1.3115 is the perfect flat. 1.618 fib
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,726
  • May 30, 2013 9:31am May 30, 2013 9:31am
I am in position now to swing away this ball at 1.3111
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,727
  • May 30, 2013 10:01am May 30, 2013 10:01am
Quoting Luis Carlos
1.3115 is the perfect flat. 1.618 fib
I am right there with you my friend. The EU have a a really good bounce at 1.00% of A and made a little before it took out my in the money stops. This 2nd target at 1.618% should be the turn around.
  • #8,728
  • May 30, 2013 2:58pm May 30, 2013 2:58pm
Quoting MeInGraySuit
{quote}I am right there with you my friend. The EU have a a really good bounce at 1.00% of A and made a little before it took out my in the money stops. This 2nd target at 1.618% should be the turn around.
Eurusd reached 1.272 extenstion 1.3060
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,729
  • May 30, 2013 4:19pm May 30, 2013 4:19pm
Guys my view on gold. LC and all what do you think? feel free to shred the idea
Attached Image (click to enlarge)
Click to Enlarge Name: WeeklyGold-30052013-2205uk.jpg Size: 81 KB
If you think you can or cannot do it you are correct
  • #8,730
  • May 30, 2013 4:50pm May 30, 2013 4:50pm
Quoting Olu
Guys my view on gold. LC and all what do you think? feel free to shred the idea {image}

If your amateur count is correct, I will be very disappointed with my analysis. I have it heading somewhere around 1057 before it starts to crawl back up to the moon.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,731
  • May 30, 2013 9:16pm May 30, 2013 9:16pm
Quoting PipTrapper
{quote} If your amateur count is correct, I will be very disappointed with my analysis. I have it heading somewhere around 1057 before it starts to crawl back up to the moon.
Considering cost of mining it is 1100-1200 (obviously different depending on the mine and tools used) per oz

that better be a VERY temporary price spike down, or the world will be in flames!
Be hopeful in a winning position, and fearful in a losing position.
  • #8,732
  • May 30, 2013 10:22pm May 30, 2013 10:22pm
I gave this to G. GOLD http://www.forexfactory.com/attachme...6&d=1369776972
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,733
  • May 31, 2013 1:20am May 31, 2013 1:20am
Quoting Rag2RichesFX
{quote} Considering cost of mining it is 1100-1200 (obviously different depending on the mine and tools used) per oz that better be a VERY temporary price spike down, or the world will be in flames!
What if the world will be in flames for other reasons before Gold hits 1057? Would that be enough to drive it down there?

The China story is not over yet and there is much more bad news to come. When that happens, the world will be in flames

Other than some due corrections, I see commodities as a whole on the way down over the coming weeks and months.

You must also consider that the $1100 mining cost you mention is based on current exchange rates. What if the South African Rand were to experience a massive devaluation? Would that not bring the mining cost down proportionately?
Those who say it cannot be done should not interrupt those who are doing it
  • #8,734
  • May 31, 2013 9:34am May 31, 2013 9:34am
Eurusd still can go to 1.31 nothing have denied that yet just a break of 1.2830
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,735
  • May 31, 2013 9:38am May 31, 2013 9:38am
Quoting Luis Carlos
Eurusd still can go to 1.31 nothing have denied that yet just a break of 1.2830
What is your count? This C wave up I think is null because 4th wave has come into 1st wave. What do you think?
  • #8,736
  • May 31, 2013 9:41am May 31, 2013 9:41am
Unless we are having a wxyxz patten.
  • #8,737
  • May 31, 2013 9:42am May 31, 2013 9:42am
Quoting MeInGraySuit
Unless we are having a wxyxz patten.
could be a diagonal or a doble three wave c
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #8,738
  • May 31, 2013 10:11am May 31, 2013 10:11am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh4.png Size: 21 KB


complete wave

-------
envelopes system
  • #8,739
  • May 31, 2013 3:32pm May 31, 2013 3:32pm
Quoting Luis Carlos
{quote} could be a diagonal or a doble three wave c
I wish I knew what kind of count we are looking at, but I do know that the key levels to watch from a PA perspective are 1.3230 and 1.3360 on the top side, and 1.2795 and 1.2710 on the bottom.

Until we cross the extremes of those key levels, we cannot be sure of an exact count.
Those who say it cannot be done should not interrupt those who are doing it
  • #8,740
  • May 31, 2013 3:34pm May 31, 2013 3:34pm
Quoting pindang
{image} complete wave ------- envelopes system
Cool. I will now look to sell into the rallies.
Those who say it cannot be done should not interrupt those who are doing it
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