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  • #975,101
  • Mar 28, 2015 2:21pm Mar 28, 2015 2:21pm
Quoting Bones
prefer lfx charts for general view ,gaps in charts bother me {image}
Similar pattern to previous TL break?
No predictions here, just an observation :-)
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  • #975,102
  • Mar 28, 2015 2:26pm Mar 28, 2015 2:26pm
could be def ,then side next ,

Quoting srt
{quote} Similar pattern to previous TL break? No predictions here, just an observation :-) {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #975,103
  • Mar 28, 2015 2:29pm Mar 28, 2015 2:29pm
you can extend that TL
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  • #975,104
  • Mar 28, 2015 2:47pm Mar 28, 2015 2:47pm
prob wont change much
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  • #975,105
  • Mar 28, 2015 2:54pm Mar 28, 2015 2:54pm
I can agree to that at least. We might have a slow week given the holiday's which could see similar PA like this week. Or, we could see illiquid spikes and drops. It will be interesting to see how Sunday/Monday trades.
  • #975,106
  • Mar 28, 2015 3:03pm Mar 28, 2015 3:03pm
Quoting Bones
prob wont change much {image} {image}
Hey Bones,

Nice charts and discussion today. I feel lost.
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  • #975,107
  • Mar 28, 2015 3:15pm Mar 28, 2015 3:15pm
Hey MS ,I hope your wife is ok with our relationship on Saturdays ,lol,cool thanks

Quoting Mr. Scott
{quote} Hey Bones, Nice charts and discussion today. I feel lost. {image} {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #975,108
  • Mar 28, 2015 3:17pm Mar 28, 2015 3:17pm
Quoting Bones
Hey MS ,I hope your wife is ok with our relationship on Saturdays ,lol,cool thanks {quote}
At least she can sleep in and do some shopping. Have a good weekend, almost time to shut it down.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,109
  • Mar 28, 2015 3:18pm Mar 28, 2015 3:18pm
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  • #975,110
  • Mar 28, 2015 3:37pm Mar 28, 2015 3:37pm
Quoting Sants
{quote} How about this? is it consider harmonic too? Bullish Deep Crab with minimum price at 0.8914 and 0.9971<<<woa almost the same with your numbers {image}
I found a suspicious ABCD move at daily to 0.99 in april as well.... not sure if im right.....
  • #975,111
  • Mar 28, 2015 9:43pm Mar 28, 2015 9:43pm
Quoting Mr. Scott
{quote} Well Sir, you have done a fine job. I would say AU is better case lately. But I was waiting a little higher. Could have made case for 1.13 based on daily but didn't take it. Thanks for bringing it up. {image}
so if in case, price goes higher touch the .786 bigger fibs that confluence with 1.27 smaller fibs and reject it, that would be a strong confirmation for the bear based on harmonic isnt it?
what about current price, that it is only rejected 1.13 smaller fibs? is it enough to confirmed that it is harmonic and down leg will happening in short time?
thank you
  • #975,112
  • Mar 28, 2015 9:46pm Mar 28, 2015 9:46pm
  •  Analog
  • | Joined Nov 2010 | Status: Hold my beer and watch this... | 27 Posts
Thanks to all who responded to my questions on EUR and Daily Pivots and thanks for the indicators posted. Much appreciated!
  • #975,113
  • Mar 28, 2015 9:46pm Mar 28, 2015 9:46pm
Quoting TuTang
{quote} I found a suspicious ABCD move at daily to 0.99 in april as well.... not sure if im right.....
i noticed the same thing.
AB = 1.1450 - 1.046 ~ 1000 pips.
BC = 1.1037 - 1.046 ~ 600 pips
if AB = CD, then CD=1.1037 - 1000 ~ 1.0037
for me, this is possible. key levels to be taking into account is 1.0660, 1.0462, 1.02xx. bear needs to break that wall either tick by tick or in one single blow (Fed should rate hike)
  • #975,114
  • Mar 28, 2015 10:11pm Mar 28, 2015 10:11pm
Quoting Sants
{quote} so if in case, price goes higher touch the .786 bigger fibs that confluence with 1.27 smaller fibs and reject it, that would be a strong confirmation for the bear based on harmonic isnt it? what about current price, that it is only rejected 1.13 smaller fibs? is it enough to confirmed that it is harmonic and down leg will happening in short time? thank you
Hey Sants,

I will say PA will lead the way. Maybe a cop out, but same rules apply. I had wanted to wait for reaction higher. However, one could have made a case at 1.13. I thought it was not strong enough and AU was better. You could say it strengthens the case or simply take AU. I will show how I saw it, although I wanted higher. The more precise the pattern, the more likely for it to succeed and to have power. Hope that answers the question. This is good exercise as I was waiting and watching it. I am pretty sure I had posted as such here last week. There are still reasons for entry but I did not see enough for me.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #975,115
  • Mar 28, 2015 10:32pm Mar 28, 2015 10:32pm
Quoting Mr. Scott
{quote} Hey Sants, I will say PA will lead the way. Maybe a cop out, but same rules apply. I had wanted to wait for reaction higher. However, one could have made a case at 1.13. I thought it was not strong enough and AU was better. You could say it strengthens the case or simply take AU. I will show how I saw it, although I wanted higher. The more precise the pattern, the more likely for it to succeed and to have power. Hope that answers the question. This is good exercise as I was waiting and watching it. I am pretty sure I had posted as such here...
1.13 still not enough? PA on daily shows rejection 3 times and another visit (cant breach line)
**awtsss, 1.13 only does not make it any confluence with others fibs thus we can't consider it as harmonic isnt it?

AU
1.13 and 2.24 fibs confluence rejected, hm thats why you said it better
if in case, you opened short position nearby the rejection area (1.13 & 2.24 fibs), what's your optimal SL and TP point?
is it okay to put SL 2-5 pips above the high of previous days which is around 1.27 in bigger fibs?
No idea about TP
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  • #975,116
  • Mar 29, 2015 2:30am Mar 29, 2015 2:30am
EURUSD
Fundamental:
Market awaits more info on US economy and investors somehow reluctant in buying Dollar before jobs data comes out next week.
We are still at the rate hike "drama" and Yellen last Friday pretty much reiterated the FOMC speech which indicates a less aggressive take regarding timeline for any rate changes. What does it mean for us? It means that chances of further correction are not ruled out and this indecision sentiment seen on the charts can stay for longer, my advice is therefore to manage your risk properly and consider reducing size position until PA shows otherwise.
There are some setups forming across the board (NZD, GBP, CAD) but so far nothing impressive at least for my trading style.
Technical:
On this week's research I am only looking at H4 chart until monthly candle closes. Like I said on Friday I am particularly interested in market reaction to 1.0755-65 marked in the chart, breaking down these lows will mean that chances for upside continuation will become very slim, last week we had a strong bearish signal, Washing of the top + Bearish engulfing H4 at .618 Ret level whole swing 1.1374 to 1.0462 + MACD Negative Divergence D1. Once again if market wants to proceed down there is no reason for taking C point Blue ABCD out before completing it at 1.0755 and that will be the first sign that something else is coming. If market reaches 1.0755-65 I will assess for divergence, reversal candles and pivots as usual for added confluence to manage positions.

Other charts from last week here:http://www.forexfactory.com/showthre...08#post8155008
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  • #975,117
  • Mar 29, 2015 4:10am Mar 29, 2015 4:10am
COT DATA

EUR/USD - drop / 1,0920
GBP/USD - drop / 1,4890
AUD/USD - long-term growth / 0,7700
OIL - drop / 49,50

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  • #975,118
  • Mar 29, 2015 4:13am Mar 29, 2015 4:13am
Quoting Sants
{quote} i noticed the same thing. AB = 1.1450 - 1.046 ~ 1000 pips. BC = 1.1037 - 1.046 ~ 600 pips if AB = CD, then CD=1.1037 - 1000 ~ 1.0037 for me, this is possible. key levels to be taking into account is 1.0660, 1.0462, 1.02xx. bear needs to break that wall either tick by tick or in one single blow (Fed should rate hike)
Yeah i if you use fibo it will point up to 0.9981 lol. Isnt AB length neeed to be equal to CD as well? If this is right the pair will reach parity in just 1 month. This is possible though given next non farm and fed april meeting whilst EUROPE is playing its political games zzz anyway i dont trust long. There is no fundamental back up for going long atm.
  • #975,119
  • Mar 29, 2015 6:16am Mar 29, 2015 6:16am
i think there is going to be relative big gap in the market open tonight, a negative jump to around 1.0800/1.0820 and continue to drop until the morning around 06:56am where i think a mini pull back may happen in the market. but we will see
  • #975,120
  • Mar 29, 2015 7:15am Mar 29, 2015 7:15am
help needed does anyone able to open this site. http://www.forex-markets.com/charts.htm
if yes than plz indicate which java vir is used or java setting used. thank you in advance.

i did use this site some time but after update my java I am unable to open it I did try to use old vir of java but no joy .
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