Hi brad
Its good to see your eur/usd long term chart. a LD on monthly/weekly chart was my 1st preferred count. I talked to Ahmed few weeks ago and he thought LD is invalid. because "Wave 4 is larger than wave 2 which eliminate the contracting variety leading diagonal, and wave 3 is shorter than wave 1 which eliminate the expanding variety". but I still see it as a backup count.
Do you think wave 5 has started? can you post a 4H chart to show it? thanks.
Hi brad
Its good to see your eur/usd long term chart. a LD on monthly/weekly chart was my 1st preferred count. I talked to Ahmed few weeks ago and he thought LD is invalid. because "Wave 4 is larger than wave 2 which eliminate the contracting variety leading diagonal, and wave 3 is shorter than wave 1 which eliminate the expanding variety". but I still see it as a backup count.
Do you think wave 5 has started? can you post a 4H chart to show it? thanks.
I'll show here what I think is happening on the daily chart ----->
since you obviously don't listen to me listen to the folks at Pimco - they probably know more about the bond market than anyone on the planet and they are calling for a rate cut from the ECB.
Im surprised you see it as "who will win the US or the EU" that is not what this is about. A credit crisis in the EU threatens the US. Weak employment and a possible recession in the US hurts other countries who depend on the Americans to buy their products. One of the reasons the US companies aren't hiring people, in my opinion, is that they are afraid of a credit crunch developing from the situation in the EU which could potentially be worse than 2008. I don't think that will happen because I think the central banks will take action, but it is not about who will win. Everyone wins or everyone loses in that type of situation
Mary,
I always listen to you, just as I listen to everyone else on this forum. My view is radically different then most, and too most people don't like it none too much. But they too listen. What we choose to play is an entirely different story. So while I may agree with you on many levels, the way I break it all down and the way I play the game is also radically different. None of which means anything to anyone since they all do their own thing, or at least they should do their own thing!
I tried the link you posted, but this is all I see:
The page you're looking for might have been moved. Its name might have changed, or it might be temporarily unavailable.
What to do?
Try search.
Enter your subject's keyword(s) into the search box at the top of the page.
Try our sitemap.
All of Bloomberg.com laid out by subject and function.
This seems to happen often with your links, so why? My links don't fade at the moment of posting, do they?
Im surprised you see it as "who will win the US or the EU" that is not what this is about.
You shouldn't be Mary, how many times have I said this game or that game or the way the game is played? I can't count all the times I've spoken as I see it and then backed it up. However, the market is very complex but it does not have to be..... I choose to break it down to it's most basic elements which is why I typically wield a fly swatter. But you are welcome to the overwhelming complexity of it all if you so choose, or you can make it simple like I do.
While I understand your point and even agree with you mostly, none of what you mention has much of anything to do with the core of this wondrous system. It's nothing but long term vs short term. Just like most here on this forum, so it's nothing new per sa, but rather old and antiquated. For example, me against you, the USD against the EUR. There is no difference in the game regardless of whom plays. If you break it all down to it's most basic points you see the U.S. doing one thing and the EU doing something quite different. So then it just becomes a matter of which method will work best. Bonds are almost irrelevant since they are not backed by the masses so much as basic investors.
Before you refute, look at the source of ALL monies... It never was the government or even the banking institution, rather it was always the people that truly drive one or the other.
So it's a game of cards/chess to me, but I plan 9 moves ahead while countering my opponent/'s all the while counting the moves.
So yes, that is exactly how simple I see it all, but I spent years breaking it down to this level and I loved every minute! Part of the fun in playing this game is learning as you go, I'm no where near finished with school.... So all I can show is what I've learned thus far.
You'd expect a chart of sorts right about now, but that's not what I'm about. I've long since shown what matters to me, it's up to you guys/gals to decide from here on out. I'm sure you are tired as well Marry. The same old story over and over again. You have your views and I have mine which are not that far from one another overall, but we both focus on different avenues. But we've both seen GDP as well as GNP drop significantly in the past how many years? Someone here reported 1.5 billion profit. Wooptie-freekin-dooo in the face of 15 TRILLION worth of debt! It becomes moot and irrelevant very quickly. You can't beat this! None of us can as individuals, but fear the masses..... The cards have been dealt, the hand is in play, who will win?
It is just that simple Mary, and then life goes on too what?
Happy Trading my friend,
t3t4
Last edited by t3t4; 09-04-2011 at 09:24 PM.
Reason: spelling errors for all I care about
Nice research but i think your wrong Now would be the wrong place to jump in on a long term down Move.I would wait for a correction before placing that trade....
Originally Posted by brad_1199
I see this as a possibility for the EUR/USD Long Term Chart ------>
There's a pretty strong looking top in place under long term resistance.... There could be a large leading diagonal taking place here...
If this count is correct, than "Wave 1" down has so far been the longest wave, totalling 3709 pips.... "Wave 3" down was 3268 pips.... This means that "wave 5" down of the leading diagonal can not equal more than wave 3 (3268 pips)...
The wave 4 peak was at 1.4939, if we subtract 3268 pips from that high price, we are given a maximum down side target of 1.1671 to complete "wave 5" down...
If you're shorting this baby for the long haul, I would suggest targetting no more than the prior low at 1.1875 for safety sake...
Below there we should see the market form a solid bottom before dropping no lower than 1.1671
Nice research but i think your wrong Now would be the wrong place to jump in on a long term down Move.I would wait for a correction before placing that trade....
I think waiting for a break of the up trend line on the daily chart to enter short would be prudent....
For now I see up side capped at 1.4559 if the market can get back up there...
Euro is too cheap at this levels and Europe will not allow Euro to fail period!
I have been following euro dollar and making some pips here and there
the overall fundamentals are europe will not allow euro region to fail...
They had just too much work put in to allow now to fail..
Also its failure will be most costly on a long run.......since most regions in the globe are becoming
united regarding commerce....
my prediction we will see a rebound towards the uptrend in euro...my opinion is only mine.
Almost inline with it, while 4305-15 holds shorts heavily preferred.. however there is decent supp at 4180 and breaks could yield 4115 with 4140-45 open for ASIA to test if 4180 breaks..
On a clear cut chart wise, 4180 clean breaks should make the price go testing 4025-33 .......
4180-85 supp to be closely watched now...
The first simply states the break of the wedge and the tgt met.
2nd chart are just steps if the drop continues... 3rd is the good ol fashion 30 mins.....
GL...
If very lucky we could get to possibly sell back into strength from 4264-70 for a move down to 4025...
Wedge on the 30 mins and 4104-07 imp from here onwards...
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
EUR/USD is trading lower as long as price trades below the high of 1.4180. Given this we expect a move to the lows of 1.4020 - 1.4050. A correction to 1.4150 can't be ruled out but will probably be seen as a selling opportunity by investors as long as price does not trade above 1.4180.
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EUR/USD is trading lower as long as price trades below the high of 1.4180. Given this we expect a move to the lows of 1.4020 - 1.4050. A correction to 1.4150 can't be ruled out but will probably be seen as a selling opportunity by investors as long as price does not trade above 1.4180.
I have a soft tgt of 4177 on 15 mins if a break is attained.. a close higher and 4266-70 seems possible.. the gap also to consider..
I banked some around here...
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
here is a quick 15 mins setup and the DX 8 hrs..
on euro on 15 mins 4262-64 breaks could get us on an upchannel b/w T1 and T2..
DX 8 hrs looks like it would consolidate a bit..
GL..
Patience is virtue. The sooner we learn this all, sooner we can start walking to the bank. Good Luck to all of us
The trick is to wait the price meet ur limits, instead of one jumping in.. however scalps is a totally different scenario and is not everyone's cup of tea
Disclaimer: I'm not at all suggesting trades when by either posting the graphs, or my entries. You can view it, but in the end you have to use your own logic and approach, as there is no certainty about this uncertain market...
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Originally Posted by brad_1199
Hi brad
