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  • Post #914,201
  • Quote
  • Aug 5, 2014 9:41am Aug 5, 2014 9:41am
  •  fxtyrant
  • Joined Jan 2010 | Status: Member | 10,226 Posts
Quoting giveachance
Disliked
{quote} elliott waves don't govern this pair. have you heard of draghi waves or german waves. they are in control now
Ignored
eliott wave works on every pair, but the key is at which time frame. im looking at daily dude.

we completed AB move down, now needs a retracement from B to C and Fibo levels show tell us where C would be. problem is we have not retraced yet.....
We live in a finite world with infinite possibilities.
 
 
  • Post #914,202
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  • Aug 5, 2014 9:44am Aug 5, 2014 9:44am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,961 Posts
Quoting fxtyrant
Disliked
{quote} eliott wave works on every pair, but the key is at which time frame. im looking at daily dude. we completed AB move down, now needs a retracement from B to C and Fibo levels show tell us where C would be. problem is we have not retraced yet.....
Ignored
I know that but draghi is protecting 1.36 so fiercely that I even doubt if it can cross 1.36. 1.4 is out of question
 
 
  • Post #914,203
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  • Aug 5, 2014 9:45am Aug 5, 2014 9:45am
  •  NoCoolNick
  • Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
Putting a couple of buy limits down at 3369 just in case..
I don't even have a cool signature
 
 
  • Post #914,204
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  • Aug 5, 2014 9:45am Aug 5, 2014 9:45am
  •  fxtyrant
  • Joined Jan 2010 | Status: Member | 10,226 Posts
PMI datas came out bad for US.....

Keeping an eye on ISM..... thats the heavy motherload.
We live in a finite world with infinite possibilities.
 
 
  • Post #914,205
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  • Aug 5, 2014 9:46am Aug 5, 2014 9:46am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,961 Posts
this next print will be enough for kiwi and aussie to do a small short covering. I am expecting it to be bad
 
 
  • Post #914,206
  • Quote
  • Aug 5, 2014 9:46am Aug 5, 2014 9:46am
  •  fxtyrant
  • Joined Jan 2010 | Status: Member | 10,226 Posts
Quoting giveachance
Disliked
{quote} I know that but draghi is protecting 1.36 so fiercely that I even doubt if it can cross 1.36. 1.4 is out of question
Ignored
perhaps you didnt hear what i say.... im expecting a retracement only up to 1.3450/1.35....
We live in a finite world with infinite possibilities.
 
 
  • Post #914,207
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  • Aug 5, 2014 9:47am Aug 5, 2014 9:47am
  •  gatorinla
  • Joined Oct 2008 | Status: sideline is a position | 92,714 Posts
Quoting gatorinla
Disliked
{quote} that was fun.. another setup to target 3374 may be one to look for.. on this one it may need 3425/27 to drop to 3374/70, this one has potential to breach 3387 and 82, built in. the current high would need to hold,, the atm low is the mid. the target is near a new low and may be a b/o... a bounce to 3425/27 is where i look most times to enter up till that high holding.
Ignored
these are very small tf with small targets inside much stronger ones.... they complete when the target is reached or voided with a hh. it atm has not reached 3370/74. 3482 etc is acting as some support... most times i wait for 3425/26 to enter. since 3992 bounces has mostly failed. each wave has its own targets and guidelines. these dont have much power as larger ones.. the trend is down... 3382 probably needs closure.. the 4h has closed above.. if we do make a LL 3407 ish may be an s entry (after LL), if we dont hit 3370/74 then 3426 may be worth the wait. atm at 3381.. not trade recommendations. she does appear bearish and few bounces have made it since 3992.. these smaller ones inside may be better entries. with the usdx still under 81.59 atm
those who can, do. those who cant, talk about those who can
 
 
  • Post #914,208
  • Quote
  • Aug 5, 2014 9:47am Aug 5, 2014 9:47am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,961 Posts
Quoting fxtyrant
Disliked
PMI datas came out bad for US.....
Ignored
data from US will be pathetic but positioning is strong sell in favour of euro. they have accumulated a lot in the week before nfp. for the picture to change draghi has to not talk bearish or change his stance which I doubt he will do
 
 
  • Post #914,209
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  • Aug 5, 2014 9:49am Aug 5, 2014 9:49am
  •  fxtyrant
  • Joined Jan 2010 | Status: Member | 10,226 Posts
Quoting giveachance
Disliked
{quote} data from US will be pathetic but positioning is strong sell in favour of euro. they have accumulated a lot in the week before nfp. for the picture to change draghi has to not talk bearish or change his stance which I doubt he will do
Ignored
well becareful what you wish for.... today's Markit data is encouraging for Europe...
We live in a finite world with infinite possibilities.
 
 
  • Post #914,210
  • Quote
  • Aug 5, 2014 9:56am Aug 5, 2014 9:56am
  •  hoom
  • | Joined Jul 2013 | Status: Member | 1,962 Posts
long 3377 TP 3420 sl 3365
Get Rich or Die Tryin
 
 
  • Post #914,211
  • Quote
  • Aug 5, 2014 9:56am Aug 5, 2014 9:56am
  •  gatorinla
  • Joined Oct 2008 | Status: sideline is a position | 92,714 Posts
Quoting NoCoolNick
Disliked
{quote} Like this but without the 3426, would be confusing in my eyes, maybe even taken for bullish.
Ignored
it had passed the meatgrinder several times.. bounces are not guaranteed. they just happen most times.. the target was reached like the setup suggested.
those who can, do. those who cant, talk about those who can
 
 
  • Post #914,212
  • Quote
  • Aug 5, 2014 9:57am Aug 5, 2014 9:57am
  •  NoCoolNick
  • Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
Long 1,3379 at the test of the old upper trendline. Still pending below at 3369 if we go there.
I don't even have a cool signature
 
 
  • Post #914,213
  • Quote
  • Aug 5, 2014 9:57am Aug 5, 2014 9:57am
  •  thegmann
  • | Joined Jun 2014 | Status: Member | 1,240 Posts
hopefully we can get back down around the 1.3369-1.3366 region today and back around 9 month lows will most likely see a turnaround here.

Here we go
 
 
  • Post #914,214
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  • Aug 5, 2014 10:03am Aug 5, 2014 10:03am
  •  fxtyrant
  • Joined Jan 2010 | Status: Member | 10,226 Posts
damn, good US news... theres strength in USD....
no chance to short again :/
We live in a finite world with infinite possibilities.
 
 
  • Post #914,215
  • Quote
  • Aug 5, 2014 10:04am Aug 5, 2014 10:04am
  •  gatorinla
  • Joined Oct 2008 | Status: sideline is a position | 92,714 Posts
Quoting gatorinla
Disliked
{quote} these are very small tf with small targets inside much stronger ones.... they complete when the target is reached or voided with a hh. it atm has not reached 3370/74. 3482 etc is acting as some support... most times i wait for 3425/26 to enter. since 3992 bounces has mostly failed. each wave has its own targets and guidelines. these dont have much power as larger ones.. the trend is down... 3382 probably needs closure.. the 4h has closed above.. if we do make a LL 3407 ish may be an s entry (after LL), if we dont hit 3370/74 then...
Ignored
usdx blasted past R... attempting HH
those who can, do. those who cant, talk about those who can
 
 
  • Post #914,216
  • Quote
  • Aug 5, 2014 10:05am Aug 5, 2014 10:05am
  •  NoCoolNick
  • Joined Feb 2012 | Status: Giving earnings to the wife | 1,193 Posts
Good number out of US, but it seems like we already have it priced in today.. And strong resistance.. Got my pending filled except one. Now it can go to 1,7999 for all I care. But i'm happy with 1,3400
I don't even have a cool signature
 
 
  • Post #914,217
  • Quote
  • Aug 5, 2014 10:05am Aug 5, 2014 10:05am
  •  Magicmen
  • Joined Sep 2012 | Status: Member | 2,811 Posts
Quoting Magicmen
Disliked
{quote}
Ignored
failed trade SL hit 3373
 
 
  • Post #914,218
  • Quote
  • Aug 5, 2014 10:07am Aug 5, 2014 10:07am
  •  cts022
  • | Joined Mar 2012 | Status: Drama-free | 78 Posts
...and thus ends QE with a PMI like that...
 
 
  • Post #914,219
  • Quote
  • Aug 5, 2014 10:09am Aug 5, 2014 10:09am
  •  hoom
  • | Joined Jul 2013 | Status: Member | 1,962 Posts
they knew about the numbers since london open
Get Rich or Die Tryin
 
 
  • Post #914,220
  • Quote
  • Aug 5, 2014 10:11am Aug 5, 2014 10:11am
  •  giveachance
  • Joined Jun 2013 | Status: Trader by hobby not by profession | 5,961 Posts
Quoting hoom
Disliked
they knew about the numbers since london open
Ignored
they will still create a dollar move in reverse direction if they want to.
 
 
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