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07-03-2009, 03:56 AM
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Posts: 191
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Quote:
Originally Posted by Zero Gravity
Looks to me like we are working on a triangle before a push down. This should complete in the next couple of hours and a break down below 6320 ushers in 6280 - 6230.
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Nice Call...I jumped in at 1.6408 for some of the ride down...... |
07-03-2009, 04:00 AM
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after breaking the daily trendline and todays priceaction trading in a flaggish way, combined with the ultrabearish outlook for the S&P, i think dollar-buy positions are the only place to be for the time being.
Last edited by qsx; 07-03-2009 at 04:09 AM..
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07-03-2009, 04:13 AM
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and here is the setup for todays scalp (already running away while i post this)
the top is a london 9am reversal, so the move might continue the whole day...
edit: 5min later and stop is already at +4..
edit2: hmm got stopped out on some volatility (although stop was 'stop if bid' and price did not really reach it but thats the game of the business).. chart is forming a -&s, but it seems we wont break the lows today as there seems to be no follow through (especially with the US holiday), so i am out with 4 pips for today.. back to studying for my final exam (yeah, ravno, I KNOW - FOCUS!  ) 
Last edited by qsx; 07-03-2009 at 05:24 AM..
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07-03-2009, 05:42 AM
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hi all,
my gbpusd m5 chart..
any comments?
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07-03-2009, 06:17 AM
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Join Date: Jul 2005
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Quote:
Originally Posted by marketwavez2
Gbp/Usd
End of Wave 4
---------------------------------- ------------------ ----------------
Only a Probability ! ................. Not Cast in Stone !
------------------------------------------------------- ---------------
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Gbp/Usd
Trade Result :
We got that End of Wave 4 after all ..............
- but there was no downside follow through to make an End of wave 5
......... Small of Loss 45 pips ..................
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Last edited by marketwavez2; 07-03-2009 at 06:21 AM..
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07-03-2009, 06:19 AM
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Join Date: Apr 2009
Posts: 61
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Quote:
Originally Posted by bluebottle
hi all,
my gbpusd m5 chart..
any comments?
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I wish that were the case, I longed at 1.636 thinking it was going to reverse. Looks like the 5 waves down is complete at resistance at 1.6325 however and there should be an abc rally up from here. |
07-03-2009, 06:55 AM
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Join Date: Jun 2008
Posts: 146
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Quote:
Originally Posted by marketwavez2
Gbp/Usd
Trade Result :
We got that End of Wave 4 after all ..............
- but there was no downside follow through to make an End of wave 5
......... Small of Loss 45 pips ..................
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Sent you a PM Market |
07-03-2009, 09:28 AM
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Join Date: Jan 2008
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Quote:
Originally Posted by qsx
.....
so i am out with 4 pips for today..
back to studying for my final exam (yeah, ravno, I KNOW - FOCUS! ) |
Good luck with your last exam ! |
07-03-2009, 10:17 AM
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Join Date: Oct 2005
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Quote:
Originally Posted by Ilovepippin
I am not as optimistic as you are Justy, I am expecting the following...
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Nice chart, Pippin;
By the way, I am looking at the same/ similar scenario.
Having said that, I wish that we are both wrong. The consequences , if this scenario unfolds, will be so dire, that I do not want to think about it. |
07-03-2009, 10:23 AM
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Join Date: May 2008
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Quote:
Originally Posted by ravno
Good luck with your last exam !
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thanks alot - i will need it
btw i just found out today that i have been approved for a summer internship at the ministry of finance here.. that will be funny |
07-03-2009, 10:31 AM
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Join Date: Jan 2008
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Quote:
Originally Posted by qsx
thanks alot - i will need it
btw i just found out today that i have been approved for a summer internship at the ministry of finance here.. that will be funny |
Congratulations!
Make them see the financial markets through the Elliott Waves |
07-03-2009, 10:46 AM
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Usd/Cad
------------------------------------
Wave count ............
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07-03-2009, 11:57 AM
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i think its possible to take probably 50 out of this if one gets good execution..
edit: .....and the patience... yawn.
edit: 2h later.. closing at +2... absolutely NO movement.
50 pips my a$$
Last edited by qsx; 07-03-2009 at 02:27 PM..
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07-03-2009, 11:59 AM
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Join Date: Jul 2005
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Gbp/Usd
Hmmm ................ What 's going on over here ? ..........
======================================
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07-03-2009, 05:03 PM
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Quote:
Originally Posted by Big Mike
Nice chart, Pippin;
By the way, I am looking at the same/ similar scenario.
Having said that, I wish that we are both wrong. The consequences , if this scenario unfolds, will be so dire, that I do not want to think about it.
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Yes, I hear you Mike. I hope Justy is right.
Now I must say that EWI doesn't even consider Justy's scenario. Their alternate count is a wave 1 up from 6500, but given the double zigzag scenario we had on the dow and sp500 I don't see that as an option.
According to EWI we are in a wave 4 of supercycle degree.
Banks keep cutting credit and credit is what has made our economy grow, you pull the credit, combined with deflation you are looking at an enormous depression.
Also Justy is mentioning the Yen probably as correlation to the dow, but look at the bloomberg dollar index vs. SP500, now that's strong correlation.
Anyway, enough doom and gloom, happy 4th of July everyone! |
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