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  • #5,501
  • Mar 12, 2016 10:50am Mar 12, 2016 10:50am
Quoting SunTrader
{quote} Hope you realized (I'm sure you do) the E is just stuck there in open space. I think it could drag out 3 to 5 days more before it gets resolved. Or not.
Yes I realise that SunTrader. However I have seen many Es that never got anywhere near the ac line before thrusting to the downside. Unfortunately this wasn't one of them and it appears it was just doing the wave b of the (d) to (e) wave. Thanks for your charts and posts. Wish us both loads of pips
If you think you can or cannot do it you are correct
  • #5,502
  • Mar 12, 2016 11:19am Mar 12, 2016 11:19am
Will post later what I believe breakdown of wave e looks like on lower time scale.
  • #5,503
  • Mar 12, 2016 3:02pm Mar 12, 2016 3:02pm
On hourly (60 min) chart it appears we are into wave 5 of 5 of wave c of abc of wave e of abcde which, if I am correct, means close to the end of the complete ABC Wave 4 correction on daily basis and resumption of bear to new lows. Phew. A mouthful.

Anyway 1st chart shows overall picture and 2nd zooms in for more detail including approximate fib zone for wave 5. Time-wise probably within the next 4-6 60min bars (Sun night NYTime or latest Mon morn).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ 60min abcde.png Size: 66 KB
Click to Enlarge Name: UJ 60min abc of e.png Size: 43 KB
  • #5,504
  • Mar 12, 2016 3:04pm Mar 12, 2016 3:04pm
Quoting SunTrader
On hourly (60 min) chart it appears we are into wave 5 of 5 of wave c of abc of wave e of abcde which, if I am correct, means close to the end of the complete ABC Wave 4 correction on daily basis and resumption of bear to new lows. Phew. A mouthful. Anyway 1st chart shows overall picture and 2nd zooms in for more detail including approximate fib zone for wave 5. Time-wise probably within the next 4-6 60min bars (Sun night NYTime or latest Mon morn). {image} {image}

Great analysis SunTrader. I got it. Thanks
If you think you can or cannot do it you are correct
  • #5,505
  • Mar 14, 2016 4:30pm Mar 14, 2016 4:30pm
EurUsd
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 94 KB
If you think you can or cannot do it you are correct
  • #5,506
  • Mar 15, 2016 8:40am Mar 15, 2016 8:40am
Quoting SunTrader
On hourly (60 min) chart it appears we are into wave 5 of 5 of wave c of abc of wave e of abcde which, if I am correct, means close to the end of the complete ABC Wave 4 correction on daily basis and resumption of bear to new lows. Phew. A mouthful. Anyway 1st chart shows overall picture and 2nd zooms in for more detail including approximate fib zone for wave 5. Time-wise probably within the next 4-6 60min bars (Sun night NYTime or latest Mon morn). {image} {image}
Hi SunTrader with the big downmove today I think the e is in now
If you think you can or cannot do it you are correct
  • #5,507
  • Mar 15, 2016 10:41am Mar 15, 2016 10:41am
Quoting Olu
{quote} Hi SunTrader with the big downmove today I think the e is in now
Most likely, but it hasn't yet broken out the bottom of triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ end of wave 4.png Size: 53 KB
  • #5,508
  • Mar 15, 2016 4:33pm Mar 15, 2016 4:33pm
Quoting SunTrader
{quote} Most likely, but it hasn't yet broken out the bottom of triangle. {image}
Agreed. Only a break is the confirmation. Thanks
If you think you can or cannot do it you are correct
  • #5,509
  • Mar 15, 2016 4:34pm Mar 15, 2016 4:34pm
Corn
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 92 KB
If you think you can or cannot do it you are correct
  • #5,510
  • Mar 15, 2016 5:38pm Mar 15, 2016 5:38pm
GbpCad - This is me trying to map it to EW. If this idea plays out 1.7500 could be on the cards
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 122 KB
If you think you can or cannot do it you are correct
  • #5,511
  • Mar 17, 2016 5:32am Mar 17, 2016 5:32am
USDJPY clean breakdown now out of wave 4 and subdividing nicely:
Attached Image (click to enlarge)
Click to Enlarge Name: UJ bear continues.png Size: 54 KB
  • #5,512
  • Mar 17, 2016 8:24am Mar 17, 2016 8:24am
Quoting SunTrader
USDJPY clean breakdown now out of wave 4 and subdividing nicely: {image}
Yes SunTrader loving this right now. Thanks for the charts. More please
If you think you can or cannot do it you are correct
  • #5,513
  • Mar 19, 2016 9:38am Mar 19, 2016 9:38am
Bear flag?

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.jpg Size: 85 KB
  • #5,514
  • Mar 19, 2016 9:44am Mar 19, 2016 9:44am
Quoting Sa7an
Bear flag? {image}

I agree with the bear flag idea. It means there is more downside in store. Some traders will draw your flag as a triangle. However the conclusion is the same. Bear flag of triangle, when all is said and done price will go down some more. Thanks for the chartSa7an. More please
If you think you can or cannot do it you are correct
  • #5,515
  • Mar 19, 2016 9:46am Mar 19, 2016 9:46am
Dollar Index this week
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 109 KB
If you think you can or cannot do it you are correct
  • #5,516
  • Mar 19, 2016 9:47am Mar 19, 2016 9:47am
RR on Vix looking good

Attached Image (click to enlarge)
Click to Enlarge Name: VIX.jpg Size: 154 KB
  • #5,517
  • Mar 19, 2016 9:59am Mar 19, 2016 9:59am
Dollar looks weak all over

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 108 KB
  • #5,518
  • Mar 19, 2016 10:16am Mar 19, 2016 10:16am
Quoting Sa7an
RR on Vix looking good {image}

How do you trade this? Is there an actual instrument to trade this or are you using it as a proxy for the stock market i.e upmove means downmove in thee stock market
If you think you can or cannot do it you are correct
  • #5,519
  • Mar 19, 2016 10:40am Mar 19, 2016 10:40am
Quoting Olu
{quote} How do you trade this? Is there an actual instrument to trade this or are you using it as a proxy for the stock market i.e upmove means downmove in thee stock market
Basically it is a measure of volatility or perception(complacency) - If everything ia wonderful the Vix is low and stocks are up.
I start scaling in when Vix is under 20
  • #5,520
  • Mar 19, 2016 10:42am Mar 19, 2016 10:42am
Quoting Olu
{quote} How do you trade this? Is there an actual instrument to trade this or are you using it as a proxy for the stock market i.e upmove means downmove in thee stock market
VIX is a market derivitive offered by most brokers
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