| || |
07-12-2012, 10:13 AM #46096
07-12-2012, 12:10 PM #46097
07-12-2012, 12:20 PM #46098
Price is in a diagonal. The guide line is that "price will retrace to a point near the terminus of wave 2 of the diagonal." This should be a rule as it is true most of the time. Based on this guideline, wave (B) should terminate in the area of 1.3283 to 1.3484.
Originally Posted by tomaz
07-12-2012, 02:08 PM #46099
What do you think?
07-12-2012, 03:23 PM #46100
Here is what I think.
Originally Posted by ad hominem
07-12-2012, 03:28 PM #46101
I quoted these prices but, if the pair is in a diagonal, wave 1 and wave 4 must overlap. The overlap does not occur until price exceeds 1.2623.
Originally Posted by aerocom
07-12-2012, 06:42 PM #46102
GBP/CAD looks primed for a move lower...
Multi-year consolodation has been getting tighter and tighter.. Watch for a break out..
I favor continuation of the long term bear trend...
Last edited by brad_1199; 07-12-2012 at 06:46 PM.
07-13-2012, 06:43 AM #46103
Stopped out on my way down on that AUD/USD pair. I was't that lucky. Perhaps I was too ambitious or may be my count was wrong.
07-13-2012, 11:51 AM #46104
ahahahh.. nailed it, yet again :
Originally Posted by skinnypuppy
07-13-2012, 02:15 PM #46105
Been stating $1.2800 is possible for a little bit now -- even as E/U declines haven't abandoned that view. Maybe it's here now with an expanded flat just completing a "B" wave down. Stopped exactly to the pip at 127%. Also notice RSI divergence.
Charts are never wrong, but the chart reader often is.
07-13-2012, 05:13 PM #46106
Hmm wonder what does that mean for silver?... I need help getting rid of pslv silver from my registered account
Originally Posted by TAfool
Eric sprott diluted it thursday and premium fell to 3% ... used to be ~30% ... I'll never touch it again, even for a registered account with limited choices
Your chart from a TD trading platform I think?
07-13-2012, 07:08 PM #46107
the alternative scenario is C.w = (C) and the correction is over.
Last edited by skinnypuppy; 07-13-2012 at 07:24 PM.
07-14-2012, 01:02 AM #46108
07-14-2012, 02:47 AM #46109
The black background makes it impossible to see even price. So its not possible to make a guess.
Originally Posted by Easy Trader
Have courage to look beyond the short term.
07-14-2012, 03:20 AM #46110
it's gold mate. it says gold on the top left corner
Originally Posted by Easy Trader
this is a large graph so the forum shrinks it while displaying. however, if you open the image link in a new window then the original upload appears and it's very, very, very large and visible
Originally Posted by Luxuriant
Last edited by skinnypuppy; 07-14-2012 at 04:02 AM.
Tags for this Thread
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.