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Old 07-16-2009, 08:27 PM
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Impulsive Wave-5

I had posted this chart sometime back in the EW forum and most of the experts there had agreed with the Wave Count. Hope you will find it useful to set your longer term Profit Targets for EURUSD Trades.

Cheers
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Old 07-16-2009, 08:40 PM
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wave 5

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Originally Posted by asherewt View Post
I had posted this chart sometime back in the EW forum and most of the experts there had agreed with the Wave Count. Hope you will find it useful to set your longer term Profit Targets for EURUSD Trades.

Cheers
Would it be possible that wave 5 would be a zig-zag/flat and so end up with a truncation, instead of having a long impulse 3?
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Old 07-16-2009, 08:56 PM
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In my opinion thats very much possible ...



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Would it be possible that wave 5 would be a zig-zag/flat and so end up with a truncation, instead of having a long impulse 3?
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Old 07-16-2009, 09:15 PM
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From green shoots to brown manure

Bloomberg News

This is a programme of yesterday interviewing both Robert Schiller and Nouriel Roubini.

Classic Roubini: "Instead of green shoots, people would find they are yellow weeds turning into brown manure.... but manure is productive."
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Old 07-16-2009, 10:07 PM
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very cool chart, i saved it, and will keep and eye on it

thanks
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Old 07-16-2009, 10:47 PM
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chart

Good morning to all...

ah...tried saving the chart but it is very small, cannot see the numbers clearly...anyone can help?

Cheers!
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Old 07-16-2009, 11:31 PM
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Which chart you're referring to ?


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Originally Posted by twinkle View Post
Good morning to all...

ah...tried saving the chart but it is very small, cannot see the numbers clearly...anyone can help?

Cheers!
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Old 07-17-2009, 12:00 AM
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Oh the one you posted today.

Cheers!
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Old 07-17-2009, 12:11 AM
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PM me and I'll send you the original sized image.



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Oh the one you posted today.

Cheers!
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Old 07-17-2009, 03:21 AM
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EW analysis of EURUSD

For those who're struggling with the re-sized image. I've highlighted the important parts of the chart in two different images.

Hope that helps.

Quote:
Originally Posted by twinkle View Post
Good morning to all...

ah...tried saving the chart but it is very small, cannot see the numbers clearly...anyone can help?

Cheers!
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Old 07-17-2009, 03:36 AM
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Melb

Your friends are starting to make noises.
Where did you say you expect them to intervene? 89?

17 Jul 2:34:03 AM JAPAN: New Currency Chief Tamaki says currency intervention is an option if the appreciation in the Yen continues to hamper growth.
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Old 07-17-2009, 05:31 AM
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Hi Rickos, thank god you're here, it's been a zombie market all week, I'm more or less resigned to the fact that that it's not going to change for the last day but are keeping the platform open out of habit LOL...

You know regarding all the yapping from politicians and central bankers I'm getting to the point that I'm over it. I am just looking at the charts and volumes and orders and to **** with all the jawboners. Information overload of the worst kind. OK, so he wants to intervene, let's see...the opinion is that the yen will deflate itself anyway.
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Old 07-17-2009, 06:43 AM
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Guys, sorry for offtopic, but maybe you know... Where is Jamie Saettele and his Daily Technicals? Hope he's on vacation and will be back soon=) but who knows...
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Old 07-17-2009, 07:28 AM
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Jamie

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Originally Posted by _Santiago_ View Post
Guys, sorry for offtopic, but maybe you know... Where is Jamie Saettele and his Daily Technicals? Hope he's on vacation and will be back soon=) but who knows...
Jamie is having the week off watching baseball all-star game! You can follow his analysis here: FX Speculations
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Old 07-17-2009, 08:16 AM
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Daily Ichimoku Analysis for EURUSD

We had an interesting day yesterday with the EURUSD, the Bulls managed to finish the day with Net Gains however the Candle's body wasn't strong enough to convince the market for pushing prices higher quickly in the shorter term. The Kumo cloud is acting as the First Level Support for EURO however the yesterday's Candle is also a sort of early warning as it had a little shadow on its top and the Bulls just couldn't manage to push the prices higher to the Strong Resistance Zone identified in Yellow Box.

We have to bit careful once the Pair starts trading in the Yellow Box as its a very strong Resistance for EURO and if the Sell Off starts then our first level of Support should be at the Tenkan Sen and the Second Support at Kijun Sen while the Upper of border of Kumo could again come in as the Rescue for the market and provide a cushion as another last level of Support for the Currency.

Today's Candle should clear a lot of confusion that the market has been living with, if we see an Engulfing Pattern or Harami Candle then market could send us an early signal of a Trend developing.

Strategy: The pair is currently undecided and Range bound, any uptrend is limited severely by the Strong Resistance Box. Looks good for Short Term Trades but Long Term Traders need to wait till the Market has made its mind about direction.
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