Originally Posted by freelancer

Hey, guys!
I think that the euro is about to fall - and fall hard as it will be an extension within wave 3. So, here is my strategy -
sell on break below 1.3340 with target in the 1.25 area

Originally Posted by brad_1199

Hi Paul... Looks like you've been a silent reader until now Glad you have been making use of my analysis I have no doubt about this long position in EURAUD Those candles look pretty good to me... Especially meeting up with the 20 DAY Moving Average at the same time.. I think a stop at 1.8954 (20 Pips Below Yesterday's Low of 1.8974) would be just fine, I don't think price will get past there, but if does I don't think it will get past the major bottom at 1.8890 after ... I assume it will take a few weeks to a month to reach a new high and I also think it's got the ability to travel much higher after... I think the best way to trade this is to go long now with a target on half the position at the previous high of 2.1115 and manually trail a stop on the other half of the position leaving it plenty of room to bounce around on the ascent.

As for what affects these pairs.. Who cares ! It's all in the chart... It's An Easily Defined Up Trend At A Pull Back To The 20 Day Moving Average On The Daily Daily Chart With A Confirmed Candlestick Reversal Visible On The Chart... That's Bullish Enough For Me

Originally Posted by brad_1199

Someone else posted this chart a little while ago .....

Originally Posted by brad_1199

If I see this pair sitting around 102.35 - 103.00 on Friday right before the close I'll be plowing into short positions..

Originally Posted by tank

Brad, I'm hoping your scenario plays out, but Im not sure how the market (DOW) can calm down in these 2 days. The usd/jpy just touched below 97 as we speak. If it does end up at about 95, would you still short into the next week?

Originally Posted by Ilovepippin

I was short since yesterday on EURUSD, EURJPY and GBPUSD and closed them out with 400+ pips profit. (small profit but nonetheless).
I think we are at v of III of 5 on these pairs and should see a retrace in form of IV of 5.
Wait for the peak to go short again.
The 38.2% retrace for EURUSD is around 3030. For GBPUSD 6500 and EURJPY is around 132.
All rallies are against the trend, so be carefull with longs on these pairs.

Originally Posted by freelancer

This was what I thought of this pair on Sunday. Having witnessed the leg down, I re-analysed my charts and now think that there is a great opportunity for a significant bounce as currently 1/ (C) almost equals (A); 2/ the last wave down is a clear 5 wave pattern with iv wave triangle breakout already completed. So either the last 5 wave sequence from 1.3530 is the last leg down, or it is wave 1 of a higher degree - in both cases a correction is needed. As I write this the market is testing the lower triangle line on the hourly chart.

Originally Posted by LuSaxy

hi, this is the graph I have been using for EUR/JPY, i made it at about 8am and been using it since:

not a complete count, but short term to get the Wave 5, that is the initial target of wave 5.

Originally Posted by freelancer

This was what I thought of this pair on Sunday. Having witnessed the leg down, I re-analysed my charts and now think that there is a great opportunity for a significant bounce as currently 1/ (C) almost equals (A); 2/ the last wave down is a clear 5 wave pattern with iv wave triangle breakout already completed. So either the last 5 wave sequence from 1.3530 is the last leg down, or it is wave 1 of a higher degree - in both cases a correction is needed. As I write this the market is testing the lower triangle line on the hourly chart.

Originally Posted by tank

Brad, I'm hoping your scenario plays out, but Im not sure how the market (DOW) can calm down in these 2 days. The usd/jpy just touched below 97 as we speak. If it does end up at about 95, would you still short into the next week?

Originally Posted by freshboizz

Hi Brad,
Nice call on Eur/Aud. You are a genius. I'm about 300 pips plus on the pair now. Thanks a lot.

Originally Posted by Big Mike

I agree with you on most of the topics mentioned. Probably the most prevailing trend in the last decade is globalization. It is a catch-all phrase; it encompasses all aspects of life, within a fraction of a second I can find out weather in Bangkok, or price of wheat in Sudan; I can send instant message or email to a person on another continent; I can buy or order an antique vase from Japan and all that.
I am not talking about free trade, job outsourcing, escalating imports, global price for agricultural commodities, which is destroying local agriculture in all third world countries, I am not talking about chicken nuggets that I buy in Canda, but they come from carcasses in Vietnam and hundreds more side effects of globalization that are becoming hot potatoes from time to time.
Globalization is here to stay. we might like it or not, but we cannot change it.
Further, from historical perspective we are reaching a pinnacle of integration that was startred 1000 years ago. First you had villages, then city-states, then tribes, then nations, then confederations, now super-nations (like EU or NAU).
Common currency will come, Euro is just the beginning, Amero will be next, then Aseana.
Next question, whether central bankers are manipulating the markets. EW speaking, we are entering wave C now. Bottom of wave C is supposed to happen in 2012. Central banks might have limited influence, but they cannot change the wheel of history.