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07-04-2012, 08:23 AM #601
thinking this may be whats up
well couldnt find my chart and gotta go
A to 1.2690 B in progress or done to 1.2552 or if it extends to 1.2504
then a C wave to 1.2732 @.618 of A catch yall later
Just cleaning up all the leftover pips
07-04-2012, 08:30 AM #602
Thanks Captester - would suit me just fine.
Originally Posted by captester
07-04-2012, 09:15 AM #603
Spyros you'd better work in a hedge fund. Your level is very high for all of us here! Thank you for posting at this topic, we learn enough from you. Bye!
Originally Posted by Spyros
07-04-2012, 10:58 AM #604
Starting to look like a good call this - USDCHF & USDCAD breaking out to the upside and FTSE pushing the boundary.
Originally Posted by Clivewaverider
07-04-2012, 07:53 PM #605
Ready for a New Low
Unless we get back above 1.26, new low is in sight, and I'm talking about below 1.22. Good luck!
A beautiful mind is much more important than a fat pocket.
07-05-2012, 02:42 AM #606
The 240min SMI has been treating me well of late. It's oversold or overbought areas provide a time to reflect, accepting at all times, that it can stay in this position for sometime rolling over and over.
However, although we have been anticipating a triangle in wave 4 since Monday, I am posting an alternative here based on the expectation of that 1.2850 ish retrace and the shape of the waves given the SMI placement.
I am going for an overall zigzag here, ABC, with this C wave making up an 'abc' too. 'c' of C just about to start? Alternative red channel drawn in on 240min chart for reference.
A move above the daily pivot would be a good start! Good luck today.
Last edited by Clivewaverider; 07-05-2012 at 02:49 AM.
07-05-2012, 06:33 AM #607
RSI divergence at 30m, 1h & 2h chart.
07-05-2012, 06:52 AM #608
We are on a ledge here at 1.2495 - see first left hand chart. My 1hr & 4hr SMI's are down low but the 8hr is coming down too, following the daily and 8hr bolly bounce (white and blue channels respectively). Next target is 1.2426, if not bounce from here - alternatively, 1.2565 would still keep price in that descending channel and if the 60min SMI is overbought there, I'll go net short.
The first right hand daily chart shows the 1.2594 line being the centre of attention, looking like the triangle at the moment, and the daily SMI is in sell mode for now. Combined with the 2 day Hull turning pink for 'down' in the first left chart and given the FTSE (second chart) is still looking ripe for a sell off to at least 5576, I think the next ledge down for the EURUSD is more likely than up first, but I'll take either!
The target lines on the charts are the gann/pyrapoint time squaring calcs from key pivots.
07-05-2012, 07:57 AM #609
your cloud never lie excellent call as usual
Originally Posted by Paul Chin
07-05-2012, 08:07 AM #610
what now ?
time to take small risk here ? ahead of NFP or wait for 1.2300 ?
07-05-2012, 08:40 AM #611
Originally Posted by MOZI32
07-05-2012, 11:03 AM #612
A beautiful mind is much more important than a fat pocket.
07-05-2012, 12:20 PM #613
Thank you for a brilliant start of this year – making this forum the best spot on the web for traders that are genuinely interested in trading. With your different approaches and heated discussions, you give rise to a unique place on the web.
To make it an even better place to share ideas we will be updating some of the threads which will cause some broken links it’s therefore important that you bookmark the link to the forum main page which is the following link http://forexforums.dailyfx.com
For the EUR/USD and GBP/USD sections we are also forced to create new threads as the old ones are just too big.
For EUR/USD we have these new threads
For GBP/USD we have these new threads
These threads will replace the current main threads as “Discuss EUR/USD News with a DailyFX Analyst” and Discuss the GBP/USD with a DailyFX Analyst. These threads will still be available but closed for new messages.
So please use the new threads starting from Monday July 9 2012 as the old ones will be closed.
Feel free to reach out to me or Gregory McLeod if you have any questions regarding these changes or have ideas on how to improve the interaction on the forum.
07-06-2012, 05:15 AM #614
Today maybe we see a bounce in the 1.2432-1.2500 (Dpiv-DR1). Personally I want to combine this bounce with a negative announcement of NFP.
Daily-weekly targets based on the H-L-H fib exp (red triangle):
a) 1.2352 (100% fib exp)
b) 1.2273 (123% fib exp)
c) 1.2180 (150% fib exp)
Special Attention Area impending correction: The blue square between 1.2290-1.2180
Negative announcement of NFP: Rise of 50-100 pips which will "erased" at the close of the day.
07-08-2012, 06:08 PM #615
I am looking for and hoping to play this last move down as the last part of a 'b' wave down in an expanded flat - now the 'c' wave up to close all the gaps and complete the 'wave 4'!
With all the changes to the threads and where to post, I am just a little confused, so I am going to take a break from the forums here at Daily FX and wish you all well.
Maybe catch up later in the year.
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