playing field
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- #2,423
- Jul 26, 2013 6:14am Jul 26, 2013 6:14am
{quote} Hi Kaka, understand what you mean. I had this count too. The drawback of this count is, that wave 4 and 1 are overlapping, but the wave structure seems to be more impulsive than ending diagonal (ABC) like. Lara from elliottwaveforex.com has the same count, but right now I do not like it. But anyway: we know, where for all three counts the limitations are
How do u think about this EW Gold count?
If PA break down this trendline,I think we're on right way,but if not maybe a inverse HSH will form and Gold continue going north!
- #2,424
- Jul 26, 2013 6:16am Jul 26, 2013 6:16am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} not bad so far with 3259 :-)
Now we can assume return for support.
And then ... whether there will be support?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #2,427
- Edited 6:49am Jul 26, 2013 6:32am | Edited 6:49am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} Hi Kaka, understand what you mean. I had this count too. The drawback of this count is, that wave 4 and 1 are overlapping, but the wave structure seems to be more impulsive than ending diagonal (ABC) like. Lara from elliottwaveforex.com has the same count, but right now I do not like it. But anyway: we know, where for all three counts the limitations are
What you are viewing is an alternative. He always moves from simple models to complex models. Therefore, the alternative is a more complex model. Simplest model is the impulse up. Five waves, not zigzag - three waves.
http://www.roboforex.ru/analytics/fo...RUSD-26072013/
EDIT:
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #2,429
- Jul 26, 2013 6:54am Jul 26, 2013 6:54am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
theDHT view:
swing trade update from earlier in the week - price retraced very strongly up to the 88% fib of the entire swing but was met with rejection
also note that the 61.8% (april to may major swing) fib fan, has acted as strong overhead resistance, and price has been unable to capture + hold this line
minor upward trend line finally broke, and minor downward trend line provided short term support
next target is the zone, this is considered critical because it goes back all the way to 1Q2013... how prices react here will tell the tale
I remain short (rationale is based on macro + LT PA), and am currently at 90% of allocated short position (129.5, 131.6, 132.6, equally weighted)
(note: 4181 tick chart, time not to scale)
swing trade update from earlier in the week - price retraced very strongly up to the 88% fib of the entire swing but was met with rejection
also note that the 61.8% (april to may major swing) fib fan, has acted as strong overhead resistance, and price has been unable to capture + hold this line
minor upward trend line finally broke, and minor downward trend line provided short term support
next target is the zone, this is considered critical because it goes back all the way to 1Q2013... how prices react here will tell the tale
I remain short (rationale is based on macro + LT PA), and am currently at 90% of allocated short position (129.5, 131.6, 132.6, equally weighted)
(note: 4181 tick chart, time not to scale)
90% of people, are wrong about 90% of everything, 90% of the time...
- #2,432
- Jul 26, 2013 7:11am Jul 26, 2013 7:11am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
will Mr. Market provide Godim the 2 missing pips now?
Or will continue in the fourth?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #2,433
- Jul 26, 2013 7:16am Jul 26, 2013 7:16am
- Joined Aug 2011 | Status: Trader | 4,005 Posts
{quote} {image} Or will continue in the fourth?
"You have to BE before you can DO, and DO before you can HAVE." Zig Ziglar
- #2,435
- Jul 26, 2013 7:21am Jul 26, 2013 7:21am
- Joined May 2013 | Status: formulating infinity | 2,125 Posts
theDHT: short duration
instrument: gold
direction: short
size: 0.5 lots
entry: 1324
stop: 1339
target: 1299
duration: intraday
rationale: technical
chart:
(note to mod, I dont know if its ok to post non FX trades here, if its not, please accept my apologies and let me know, i will delete the post)
instrument: gold
direction: short
size: 0.5 lots
entry: 1324
stop: 1339
target: 1299
duration: intraday
rationale: technical
chart:
(note to mod, I dont know if its ok to post non FX trades here, if its not, please accept my apologies and let me know, i will delete the post)
90% of people, are wrong about 90% of everything, 90% of the time...
