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EurAnalysis Kindergarten 24 replies

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  • #68,641
  • Aug 5, 2013 9:04am Aug 5, 2013 9:04am
God I hope it breaks 3200. Daddy needs a new pair of shoes.
Any prices quoted are futures
  • #68,642
  • Aug 5, 2013 9:07am Aug 5, 2013 9:07am
The breakdown of today's NON-Manufacturing PMI

Employment is forecast to grow at a slower pace in the services sector, but at least it is still growing.
Prices are soaring though and we all know what that means. Can you spell I-N-F-L-A-T-I-O-N ?

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Those who say it cannot be done should not interrupt those who are doing it
  • #68,643
  • Aug 5, 2013 9:12am Aug 5, 2013 9:12am
Quoting Mr. Scott
{quote} That would be my bet as well thus the 224 level. I am out now. But a failed retest of highs would be nice and fit in with your EWC if I remember correctly.
You remember correctly, but it doesn't have to. If it keeps forming LH and LL from here, that works too.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,644
  • Aug 5, 2013 9:19am Aug 5, 2013 9:19am
The key now is USD/CHF and this is what I am looking for

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  • #68,645
  • Aug 5, 2013 9:19am Aug 5, 2013 9:19am
Quoting PipTrapper
{quote} You remember correctly, but it doesn't have to. If it keeps forming LH and LL from here, that works too.

Right got it, but when I look at chart, if that was 1 down, we still need c?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #68,646
  • Aug 5, 2013 9:23am Aug 5, 2013 9:23am
Quoting PipTrapper
The key now is USD/CHF and this is what I am looking for {image}

soooooo nice :-)
  • #68,647
  • Aug 5, 2013 9:24am Aug 5, 2013 9:24am
Quoting PipTrapper
The key now is USD/CHF and this is what I am looking for {image}

Quick glance, what about if you take away triangle and label it? We could still be in c with 5 waves?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #68,648
  • Aug 5, 2013 9:33am Aug 5, 2013 9:33am
Quoting Mr. Scott
{quote} Right got it, but when I look at chart, if that was 1 down, we still need c?
Here's my EW Count
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,649
  • Aug 5, 2013 9:45am Aug 5, 2013 9:45am
Quoting Mr. Scott
{quote} Quick glance, what about if you take away triangle and label it? We could still be in c with 5 waves?
Look closer
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Those who say it cannot be done should not interrupt those who are doing it
  • #68,650
  • Aug 5, 2013 10:05am Aug 5, 2013 10:05am
Out of all. +80 ticks on 4. Solid day and im done. Good call likerty. I didn't think 30-40 would hold
Any prices quoted are futures
  • #68,651
  • Aug 5, 2013 11:30am Aug 5, 2013 11:30am
Quoting PipTrapper
{quote} Look closer {image}
Don't get me wrong, the plan is to be a buyer as close to 92 as possible or what market offers as we evolve. If it doesn't happen, fine.

But look at your a compared to your c? I was taught to avoid triangles as much as possible. Look for symmetry.

Is not your c with 5 waves, just the first wave of c? I think the B wave is fine. ABC flat in some form is fine. So a 3-3-5 on weekly as opposed to 3-3-3-3-3?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #68,652
  • Aug 5, 2013 11:37am Aug 5, 2013 11:37am
Quoting Mr. Scott
{quote} Don't get me wrong, the plan is to be a buyer as close to 92 as possible or what market offers as we evolve. If it doesn't happen, fine. But look at your a compared to your c? I was taught to avoid triangles as much as possible. Look for symmetry. Is not your c with 5 waves, just the first wave of c? I think the B wave is fine. ABC flat in some form is fine. So a 3-3-5 on weekly as opposed to 3-3-3-3-3?
I don't get you wrong. Until it's all drawn out there can be many alternates. I guess we just have to wait until it's done.
However, in the end, the large count (ABC Red) is still correct.
Those who say it cannot be done should not interrupt those who are doing it
  • #68,653
  • Aug 5, 2013 11:59am Aug 5, 2013 11:59am
Quoting PipTrapper
{quote} I don't get you wrong. Until it's all drawn out there can be many alternates. I guess we just have to wait until it's done. However, in the end, the large count (ABC Red) is still correct.

Right again. Don't mean to get bogged down as I agree with the outlook, just expecting a better entry. Or multiple entries. We will see.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #68,654
  • Aug 5, 2013 12:09pm Aug 5, 2013 12:09pm
Quoting PipTrapper
The key now is USD/CHF and this is what I am looking for {image}
UCHF have unfinished busienss at 9220's after which is a bit of unknown..
69
  • #68,655
  • Aug 5, 2013 12:13pm Aug 5, 2013 12:13pm
Quoting Mr. Scott
{quote} I get your level but would feel more comfortable at 224. So you think they retest highs?
next attempt on 3300 should end up with the breakout higher above 3345 without much of a hesitation.

NY movements a bit strange..Disconnected in between EU, UCHF, UJ..

3232 must hold (fridays bull impulse point) - otherwise no good for bulls and probably 3130's would be next in that case..
69
  • #68,656
  • Aug 5, 2013 12:20pm Aug 5, 2013 12:20pm
Quoting Likerty
{quote} next attempt on 3300 should end up with the breakout higher above 3345 without much of a hesitation. NY movements a bit strange..Disconnected in between EU, UCHF, UJ.. 3232 must hold (fridays bull impulse point) - otherwise no good for bulls and probably 3130's would be next in that case..
Looks like 3265 is putting up a bit of a fight.
That rising channel support has turned resistance.

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Those who say it cannot be done should not interrupt those who are doing it
  • #68,657
  • Aug 5, 2013 12:22pm Aug 5, 2013 12:22pm
Quoting Likerty
{quote} next attempt on 3300 should end up with the breakout higher above 3345 without much of a hesitation. NY movements a bit strange..Disconnected in between EU, UCHF, UJ.. 3232 must hold (fridays bull impulse point) - otherwise no good for bulls and probably 3130's would be next in that case..
Saw that possibility which is why I asked.

Even when I do not agree with you, I like your analysis.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #68,658
  • Aug 5, 2013 12:26pm Aug 5, 2013 12:26pm
Quoting Likerty
{quote} UCHF have unfinished busienss at 9220's after which is a bit of unknown..
My count is still valid all the way down to 9175 area so that's fine with me.
If you don't know what is to happen after that, allow me to guide you with a couple of options.

1. Start of impulse wave 1 up to above 9838
2. Start of another "Any 3" correction to the upside up to (but no further than) 9838

Either way, it is soon time to start building into long positions with a 9838 target. I am just waiting for a better price. Maybe 9220?
Those who say it cannot be done should not interrupt those who are doing it
  • #68,659
  • Aug 5, 2013 12:40pm Aug 5, 2013 12:40pm
Quoting PipTrapper
{quote} My count is still valid all the way down to 9175 area so that's fine with me. If you don't know what is to happen after that, allow me to guide you with a couple of options. 1. Start of impulse wave 1 up to above 9838 2. Start of another "Any 3" correction to the upside up to (but no further than) 9838 Either way, it is soon time to start building into long positions with a 9838 target. I am just waiting for a better price. Maybe 9220?
With EU pointing to 3700's I woulnt be so sure PA will lead the way.. 9220's is a profit taking point - not a support per se. If EU wont be at its resistance at that time - UC may go much deeper..
Generally I see UC as an intermediary of sorts - its direction belongs to EU, its difficult to forecast large moves for this pair..

Waiting AU at 8830's tonight
69
  • #68,660
  • Aug 5, 2013 1:01pm Aug 5, 2013 1:01pm
Quoting Likerty
{quote} UCHF have unfinished busienss at 9220's after which is a bit of unknown..
Hi Likerty - can you please expand a little on this statement - I can see the month's end push down under the 9270 area support on ultra high volume - but why are you now looking for another break of the 9270 area?
Regards
Islander

PS please don't tell me its an EW count - put 10 Ellioticians in a room and you will get 20 different wave counts - whoops apologies PT
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