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  • #5,321
  • Oct 14, 2015 5:35pm Oct 14, 2015 5:35pm
Dollar Bulls (myself included) had it tough today. I took a short on the eurusd at 1.1440 against the 1.1459 resistance. Came back to the PC to see the position stopped out and the first line in the sand level at 94.00 taken out and price on the way towards the finalfinal line in the sand @92.62. I am still of the opinion that that level will not be taken out because of the triangle on the weekly chart. So things are really dicey
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If you think you can or cannot do it you are correct
  • #5,322
  • Oct 14, 2015 5:42pm Oct 14, 2015 5:42pm
Quoting Olu
UsdCad {image}
Not only was there no breakout the right shoulder price destroyed the 'right shoulder'. So that idea is binned right now. We need to watch for last gasps in price which could explain today but without serious reversal candles it is too early to tell
If you think you can or cannot do it you are correct
  • #5,323
  • Oct 17, 2015 10:49am Oct 17, 2015 10:49am
December Lean Hogs: Downside at last?
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If you think you can or cannot do it you are correct
  • #5,324
  • Oct 17, 2015 11:06am Oct 17, 2015 11:06am
GbpUsd -Indecision often lead to serious downside
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If you think you can or cannot do it you are correct
  • #5,325
  • Oct 21, 2015 3:49am Oct 21, 2015 3:49am
USD/SGD is at an interesting level. Leaning towards the bearish side myself but not planning to initiate any positions.

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Twitter: ThirdMoment
  • #5,326
  • Oct 22, 2015 12:55am Oct 22, 2015 12:55am
Quoting rbfx
USD/SGD is at an interesting level. Leaning towards the bearish side myself but not planning to initiate any positions. {image}
Great chart RbFx. I agree with your summation. Price is working into resistance and is not showing strength. I have always found this pair to be a bit of an animal though
If you think you can or cannot do it you are correct
  • #5,327
  • Oct 22, 2015 12:58am Oct 22, 2015 12:58am
I have been light on posting this week because I have been enjoying the free week at elliottwave.com. I use EW in my trading at a rudimentary level and have been looking to learn more. Hence it is study week for me. Back to school
If you think you can or cannot do it you are correct
  • #5,328
  • Oct 25, 2015 4:16pm Oct 25, 2015 4:16pm
Dollar Index

Needless to say we saw some strong price action from the dollar. The implications of this is lower commodity prices as seen in crude oil, grains and copper
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If you think you can or cannot do it you are correct
  • #5,329
  • Oct 25, 2015 4:29pm Oct 25, 2015 4:29pm
If the US$ index is rising you can bet the euro is fallling
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If you think you can or cannot do it you are correct
  • #5,330
  • Oct 25, 2015 4:39pm Oct 25, 2015 4:39pm
Commodity Index
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If you think you can or cannot do it you are correct
  • #5,331
  • Oct 25, 2015 4:50pm Oct 25, 2015 4:50pm
Copper
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If you think you can or cannot do it you are correct
  • #5,332
  • Oct 25, 2015 5:01pm Oct 25, 2015 5:01pm
Crude Oil
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If you think you can or cannot do it you are correct
  • #5,333
  • Oct 26, 2015 2:47am Oct 26, 2015 2:47am
Hi Olu,

The range is tight. I'm a bit surprised it has lasted this long.To me, it seems likely that a downward break-out will be the next step before settling into a wider one. I will be looking for signs of a reversal around $40 in CL_Z15, if it gets there.
Twitter: ThirdMoment
  • #5,334
  • Oct 26, 2015 1:08pm Oct 26, 2015 1:08pm
Hey Olu remember me? Remember I wanted to do a high leverage trading account to take 200 bucks to a large sum of money and in a year's time frame. Well its a go now if you're interested send me a message and I'll send you the info. We're only taking 50 traders so its first come first serve and there's no charge to the trading signals. If you know of anyone else that might be interested let me know as well. We hope to start up around the 1st of November so its going to be fast. Hope to hear from you. Good luck trading!
  • #5,335
  • Oct 26, 2015 3:44pm Oct 26, 2015 3:44pm
And if you act now we'll throw in .....

  • #5,336
  • Oct 26, 2015 4:21pm Oct 26, 2015 4:21pm
Quoting rbfx
Hi Olu, The range is tight. I'm a bit surprised it has lasted this long.To me, it seems likely that a downward break-out will be the next step before settling into a wider one. I will be looking for signs of a reversal around $40 in CL_Z15, if it gets there.

Thanks Rbfx for your comment. I am looking for more downside in crude because of my rudimentary EW. If my wave 4 is indeed complete then price should take out the recent lows. Today price played a teaser closing right on the black support line on my chart. I wont mind 40 though...
If you think you can or cannot do it you are correct
  • #5,337
  • Oct 26, 2015 4:26pm Oct 26, 2015 4:26pm
Quoting SunTrader
And if you act now we'll throw in .....
You cynic you...
If you think you can or cannot do it you are correct
  • #5,338
  • Oct 26, 2015 5:22pm Oct 26, 2015 5:22pm
Quoting Olu
{quote} You cynic you...
Oh yeah.

As for Crude think it was a wave 2 that ended - corrective either way. And therefore current wave (3 or 5 ?) being impulsive so I too expect current nearby support to give way soon enough with maybe a bounce first:
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  • #5,339
  • Oct 26, 2015 6:12pm Oct 26, 2015 6:12pm
Quoting SunTrader
{quote} Oh yeah. As for Crude think it was a wave 2 that ended - corrective either way. And therefore current wave (3 or 5 ?) being impulsive so I too expect current nearby support to give way soon enough with maybe a bounce first: {image}

I agree with you on the possibility of a bounce here. It is oversold. This is a typical area where price action tries to shred traders' accounts. What I tend to do is put in a stop order to sell after it has gone up a bit. I think it is a 4 though. If it is a 2 that has finished you are more or less saying price is going to around $10. If it is a 4 that has finished then the possible target is higher - $30-35 imho
If you think you can or cannot do it you are correct
  • #5,340
  • Oct 26, 2015 6:13pm Oct 26, 2015 6:13pm
Live Cattle

The wave for is a bit extended more that normal but it still conforms to EW rules until price overlaps wave 1
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If you think you can or cannot do it you are correct
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