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10-12-2008, 04:32 PM
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Power
Quote:
Originally Posted by Ilovepippin
That sounds like utopia, but unfortunately it contradicts itself. It talks about the monetary system being corrupted, due to the nature of humans. So, where is this utopia going to come from when still the founders of its system are themself corrupt?
It won't work. No system will unless people are honest.
Trading and monetary systems are not the corrupters, humans are. Any system can work as long as the people carrying it out do so willingly and honestly and regard interest of others above interest of self.
So, nice movie, lot of truth, but their system will also fail.
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And just to back up what you're saying,
"ABSOLUTE POWER CORRUPTS ABSOLUTELY!" |
10-12-2008, 05:10 PM
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On the bright side, I see the current move in EURUSD as a correctional and EW told me that the market was moving up. Considering the G7 meeting I counted on a gap up on opening today. So right before market close on friday I opened a long position for 100 pips.
The whole weekend I have been monitoring XE.com and the news to see if I was correct. Speaking of keeping a weekend exciting! 
Lets face it, if I put the money on a horserace I only get 2 minutes of excitement. |
10-12-2008, 06:35 PM
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For you guys following stocks the S&P's are up 37 points at this morning's high so far.
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10-12-2008, 08:57 PM
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Quote:
Originally Posted by brad_1199
I'll bet ya that count doesn't happen  USDJPY is going to start ripping into the down side soon my friend ! Wave 5 down on the monthly is under way ! |
Can i request for your monthly chart?
I am still new to Elliott waves..and under study.. pls help me to correct my counts.
Last edited by bluebottle; 10-12-2008 at 09:02 PM..
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10-12-2008, 09:46 PM
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Quote:
Originally Posted by marketwavez2
Eur/Usd
Price Action - .................... 
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Only a Probability!...............Not Cast in Stone !
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With the EUR gapping are you still holding this view? |
10-12-2008, 09:59 PM
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Bluebottle... USDJPY Monthly Chart
Quote:
Originally Posted by bluebottle
Can i request for your monthly chart?
I am still new to Elliott waves..and under study.. pls help me to correct my counts.
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You've got the large 5 wave decline labelled correctly, but the sideways correction that we have seen since 1995 has created a large triangle which are commonly found in 4th waves. The large wave 4 correction ended at 124.13 last year. We are now in a large degree wave 5 decline that will eventually take prices under the wave 3 low at 79.80
Also note that 5th waves commonly extend in Forex, so I am of the opinion that the US Dollar will be near worthless or completely devalued against the Japanese Yen in the not so distant future. The Japanese Yen is about strengthen substantially against major currencies.
Last edited by brad_1199; 04-09-2009 at 12:10 AM..
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10-12-2008, 11:24 PM
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Usd/Yen
Here's another view ........... ///////
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Only a Probability ! ............... Not Cast in Stone !
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10-12-2008, 11:54 PM
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Join Date: Dec 2007
Posts: 108
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Quote:
Originally Posted by brad_1199
You've got the large 5 wave decline labelled correctly, but the sideways correction that we have seen since 1995 has created a large triangle which are commonly found in 4th waves. The large wave 4 correction ended at 124.13 last year. We are now in a large degree wave 5 decline that will eventually take prices under the wave 3 low at 79.80
Also note that 5th waves commonly extend in Forex, so I am of the opinion that the US Dollar will be near worthless or completely devalued against the Japanese Yen in the not so distant future. The Japanese Yen is about strengthen substantially against major currencies.
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Thanks a lot for the chart and totally agree with your count. I made mistake in triangle 4th waves. |
10-13-2008, 12:01 AM
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Usd/Yen
Long term View ............
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The Usd/Yen pair has been falling off a cliff since July 2007
Last edited by marketwavez2; 10-13-2008 at 12:27 AM..
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10-13-2008, 12:03 AM
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Quote:
Originally Posted by Ilovepippin
That sounds like utopia, but unfortunately it contradicts itself. It talks about the monetary system being corrupted, due to the nature of humans. So, where is this utopia going to come from when still the founders of its system are themself corrupt?
It won't work. No system will unless people are honest.
Trading and monetary systems are not the corrupters, humans are. Any system can work as long as the people carrying it out do so willingly and honestly and regard interest of others above interest of self.
So, nice movie, lot of truth, but their system will also fail.
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as far as i understand, you watched the second one (talking about utopia)..
yes, it is a bit different, i guess the main idea was to answer the questions What can we do & How could it be..
but just in case you did not get the prestory:
1st movie: Zeitgeist, The Movie | Final Edition [ ENGLISH subtitles ] |
10-13-2008, 12:18 AM
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Market .. USDJPY
Quote:
Originally Posted by marketwavez2
Usd/Yen
Long term View ............
--------------------------------------------------------------
The Usd/Yen pair has been falling off a cliff since Nov 2007
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Market I respect your work, but I just can't see this thing going any way but down .... Deffinately good to always keep different views on hand, but I think this pair is COOKED ! |
10-13-2008, 12:23 AM
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Quote:
Originally Posted by qsx
in this crisis.. the thing you wanna be invested is gold.. right??
edit: 1st chart is monthly
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No .............
During the Depression in the 30's , Commodity Prices fell
and they fell hard .........
The massive delcline was lead by declining Gold Prices :
Gold measures inflation ...........always has , always will
///////////////////////////////////////////////////////////////////////
Last edited by marketwavez2; 10-13-2008 at 12:50 AM..
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10-13-2008, 12:27 AM
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Quote:
Originally Posted by brad_1199
Market I respect your work, but I just can't see this thing going any way but down .... Deffinately good to always keep different views on hand, but I think this pair is COOKED !
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Usd/Yen
Only Time will Tell :
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Both Points of views are now represented ,
Only time will tell now ..............
---------------------------------------------------------------------
Last edited by marketwavez2; 10-13-2008 at 12:49 AM..
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10-13-2008, 01:18 AM
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Quote:
Originally Posted by marketwavez2
No .............
During the Depression in the 30's , Commodity Prices fell
and they fell hard .........
The massive delcline was lead by declining Gold Prices :
Gold measures inflation ...........always has , always will
///////////////////////////////////////////////////////////////////////
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During the Depression :
- Millions of Cattle were slaughtered by the President Roosevelt
in attempt to drive up prices at a time when people in the country
were starving ........  !
It was inflation that got world in trouble back then ,
and it is inflation that's the same problem today ......
//////////////////////////////////////////////////////////////////////////
Last edited by marketwavez2; 09-28-2009 at 11:20 AM..
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10-13-2008, 01:27 AM
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Join Date: Jul 2005
Posts: 3,865
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Quote:
Originally Posted by marketwavez2
Usd/Yen
Here's another view ........... ///////
---------------------------------------------------
Only a Probability ! ............... Not Cast in Stone !
---------------------------------------------------
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Usd/Yen
Here's 1 chart update , going into tomorrow's Us trading session
Last edited by marketwavez2; 10-13-2008 at 01:37 AM..
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