EURUSD, Short @ 1.0936 (1 Lot/10-K-Acc.)
- #18,304
- Mar 23, 2015 9:18am Mar 23, 2015 9:18am
- Joined Jun 2010 | Status: zero | 20,603 Posts
See Schickeria, even the best fib-ideas lead to wrong assumptions today for both of us 
Look the next longer term count:
It was a count I saw @DocClaude on Twitter
Our comrade Gettoefl mentioned there, that the wave 1 and 3 would fib well, with 3 = 1.62x wave 1
But thereare other nice fib-relationships in the count:
look at my count
in wave blue 1:
red 3 is 1.62 x wave red 1
in wave blue 3:
red 3 is 2.62% wave red 1
Look the next longer term count:
It was a count I saw @DocClaude on Twitter
Our comrade Gettoefl mentioned there, that the wave 1 and 3 would fib well, with 3 = 1.62x wave 1
But thereare other nice fib-relationships in the count:
look at my count
in wave blue 1:
red 3 is 1.62 x wave red 1
in wave blue 3:
red 3 is 2.62% wave red 1
- #18,305
- Mar 23, 2015 10:14am Mar 23, 2015 10:14am
- Joined Mar 2012 | Status: Trader | 10,087 Posts
See Schickeria, even the best fib-ideas lead to wrong assumptions today for both of us
And you should know why i counted this not as 1-2-3-4-5 waves. (old discussion
)Black wxy in wave one has a retracement of y=138.2% this is for me very importand for counting (if wee see wave z) for the targets!!!
for me crucial point is 1.0950 - 1.09538 for 1.0656 (minimum)area now. has been indicated here ---> http://www.forexfactory.com/showthre...76#post8149176
http://www.forexfactory.com/showthre...82#post8157882
Anyway i closed my shorts today nicely with round about 100 Pips and added now @ 1.0950 again if she want lower levels.
- #18,306
- Edited 11:38am Mar 23, 2015 11:01am | Edited 11:38am
- Joined Nov 2012 | Status: Trader | 12,211 Posts
- #18,307
- Edited 12:11pm Mar 23, 2015 12:01pm | Edited 12:11pm
- Joined Apr 2014 | Status: Trader | 1,094 Posts
- #18,314
- Mar 23, 2015 10:55pm Mar 23, 2015 10:55pm
- Joined Mar 2012 | Status: turning probability into profit | 1,550 Posts
Hunting High and Low
- #18,317
- Edited 1:35am Mar 24, 2015 12:36am | Edited 1:35am
- Joined Apr 2014 | Status: Trader | 1,094 Posts
{quote} I could give you many examples now, where fundamentals in the past did not work. Stocks, commodities, currencies. Maybe I will dig them out in the evening. Some days ago, or weeks, it was stressed in the EURUSD thread, how important it would be to watch yield differentials in the EURO and USD . On the first sight, it seemed to be obvious to do so. What stronger fundamental sign can one have in currencies than yield differentials. Than I dug deeper and found several studies, especially the studies from Roghof, which clearly showed, the the...
Lets see when we see more improvements from the eurosone the euro will rise again.
A word fra Dragi abouth less easing wil make the euro rally.QE keepts the interest rate low and end of QE makes it rise that is one of the issuses of QE. WE see it works end of QE3 the USD rise. Start og QE in the eurosone the euro declines. The big lines keep in shape. It is the daily ups and down that makes the diffeculty. And as you said you still think it is another wave down.
I think so too due to the QE. In one way you think as a fudamentals because you think the euro still will go down. The wawes only support your fudamental thinking.
It is only one thing that stops me from longing the euro(very long) is the QE. Also is the figures coming from the US is worsening but USD can also rise as the safe heafen.
Another uncertantity is the oil price. Will it go further down and this makes the USD rise.
Re discussion abouth the housing market. Look ta the graphs housing market and unemployment market goes hand in hand
http://www.forexfactory.com/news.php?do=news&id=532314
The euro is riseing because things are getting better in the eurosone
- #18,318
- Mar 24, 2015 1:45am Mar 24, 2015 1:45am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} Lets see when we see more improvements from the eurosone the euro will rise again.
Hi Marianne,
will have another look at the housing market/unemployment data this evening.
Anyone with a strong opinion how all the CB's will get rid of what they are loading onto their books since years?
Regarding the missing wave down:
there are several ways to count the waves down at the moment. Some Elliotticans think, that we have seen 5-waves down already. The pity with this counts is, that they do not miss some nice fib-targets by a few, but are a complete failure of fib-targets.
When we align the countig numbers in a best way to serve some fib-targets, you will see, that at least one wave down is missing. See yesterdays charts and discussion with Schickeria.
He has labelled the whole waves down as WXYX and Z to come. I have taken the impulsive approach with 1-2-3-4-with 5 to come.
When we look at the sentiment, we could have noticed, that the very low in EURUSD coincided with only 3% EURUSD bulls. Such extreme readings are also observable in an extending 5th wave. So from the sentiment side the Elliotticans with a completed 5 waves down may be right eventually. We should keep that in mind.
But again:my main count, which for me has higher probability, is for at least onemore wave down. See the count I published yesterday. It is labelled alternative count 3 (a misleading title - since it is now my main count)
- #18,320
- Mar 24, 2015 1:50am Mar 24, 2015 1:50am
- Joined Jun 2010 | Status: zero | 20,603 Posts
{quote} http://www.forexfactory.com/news.php?do=news&id=532314 The euro is riseing because things are getting better in the eurosone
BTW: do you think that when all is fine in Euroland, Draghi may stop printing beforehand?
For me the problem is: I can not say for sure who is worse: the EU or the USA.For me it is in both cases not a question of strength