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08-19-2010, 09:36 AM #40486
08-19-2010, 10:29 AM #40487
Okay, now I see. You maybe right!
Originally Posted by JahDave
Good idea to trade your own trades btw.
08-19-2010, 10:39 AM #40488
Nice count Brindar. At this point it could be a flat, 3-3-5 or complex. 2920 is crucial resistance. On a break we may have a 3-3-5.
Originally Posted by brindar
08-19-2010, 10:43 AM #40489
It looks very much that we are in wave 3, impulsiv...
Last edited by 10frank01; 08-19-2010 at 10:48 AM.
08-19-2010, 11:31 AM #40490
I will just look at the facts.
Trying to be unbiased.
I am not sure about your target of 0.95.
Seems high to me.
My chart looks bearish, BUT... I do not like the fact that AUDUSD is unravelling a little slow for the last 24 hrs.
Agree with you that 0.8874 will be the crucial level.
Once broken, we will know for sure.
Last edited by Big Mike; 08-19-2010 at 11:59 AM.
08-19-2010, 11:48 AM #40491
Last edited by brindar; 08-19-2010 at 11:51 AM.
08-19-2010, 12:09 PM #40492
This B wave is even larger than I thought it would be, but I am still quite certain it's a B wave. This move down is not an impulse wave. Although at this point it could go down to the .8850 area to form a regular flat, but I'm leaning towards a running flat slanted uphill. It should be bottoming right now.
Originally Posted by Mywavez
08-19-2010, 12:15 PM #40493
Maybe the correction is over... There is much resistance on 1.2920...
The fourth time the "attack" to get over fails... I know: My wave C-green has
a three wave look... On lower time frame you can give it a 5 though...(see second chart below)
If prices turn below the fat red line with the arrow, then (imo)
there is confirmation for a resuming downtrend...
Still, if this is a Wave B or a Wave 3 of higher degree is not
clear yet...More clarity around 1.2440 (60% area of the move up from
8 of june)
Can give a clear 5-wave structure to C-green...
Last edited by 10frank01; 08-19-2010 at 12:17 PM.
08-19-2010, 12:39 PM #40494
your big w2 retracement is too shallow, how many % retracement?
Originally Posted by 10frank01
this is what i am seeing, final w5 down to complete the move
Last edited by stanchiam; 08-19-2010 at 12:42 PM.
08-19-2010, 01:00 PM #40495
CAD/JPY Daily Chart ----->
Still chopping up and down all over prior fib support at 81.95... Could be a rally hiding in there...
Last edited by brad_1199; 08-19-2010 at 01:06 PM.
08-19-2010, 01:07 PM #40496
Ya, you may be absolutely right... The retracement is shallow (between 23.6-38-Fib) which is not uncommon, because: If it is a wave B or a 3 wave of higher degree... then surprises are to the downside... Good luck!!
The only problem I have with your counting (which is a nice work) is that it doesn't support MACD-Readings nor EWO-Readings (which are important in my counting style): Your wave labelled "v C/3" has a huge divergence with the one before labelled "iii" on the hourly... Nothing is cast in stone, market will tell, I never think that I know best, not even second best... :-) Good luck again!!
Originally Posted by stanchiam
08-19-2010, 01:27 PM #40497
This is my eurusd update with natural support and resistance levels. Or seasonal studies as some people refer to it, I kind of like that.
Also a Gann fan is drawn from the 1.30 top. Cycle days were 8/9/2010 and a 60 deg SQ9 date is due tomorrow from the low of 1877. But these cycle days can be off +/- 1 day as can s/r levels be off by a few pips.
And I must admid that I missed the 8/9 cycle day which alters my overall outlook a little.
08-19-2010, 01:31 PM #40498
EUR/USD Weekly Chart ------------------>
08-19-2010, 02:04 PM #40499
I think what I said is what happened exactly?
Originally Posted by Auditt05
08-19-2010, 02:08 PM #40500
YES! Brad, that is exactly what I have in mind (for a while now). I must say that 2650 support is crucial for this scenario.
Originally Posted by brad_1199
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