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10-29-2009, 04:07 PM
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Quote:
Originally Posted by Sean Hyman
There were some bugs with some threads that had to be stopped. It's tech stuff that's over my head...but here was one of the notes from it:
Elliott Wave Discussion Continued in New Thread
In an effort to address several of the navigation bugs that have been reported on this forum we will be closing this thread and opening a new one. We will keep this thread visible so that traders can review the content, but all new posts will need to take place on the new thread.
Click Here to navigate to the new Elliott Wave Trading Discussion.
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Thanks Sean. Enjoy your vacation.
Good Luck. |
10-29-2009, 04:15 PM
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Quote:
Originally Posted by aerocom
Thanks Sean. Enjoy your vacation.
Good Luck.
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aerocom, thanks...I appreciate it.
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10-30-2009, 06:27 AM
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Brad
Quote:
Originally Posted by brad_1199
I'm doing a lot of debating on where price action is headed in EURUSD and I wanted to share a chart of EURUSD on the monthly scale showing the range that took place in this area last time price was trying to push up hard through long term fibonacci resistance at 1.4575 ... The market left a clear range for us to see which is between 1.4310 and 1.4966 ... We need to watch out for some whipsaw moves in this area .... I believe the broader trend in EURUSD is still bullish until we find a top verified by candlestick confirmation on the monthly chart.. I am looking for that possible top up towards the upper bollinger band, and there is significant room for price to rise much further into that area yet in coming months.. In the shorter to medium term we could see some whipsaw price action inside the range... If price dips down towards 1.4310 in november i view this as a possible buying opportunity with a little confirmation of support near that price on the shorter time frames...
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I like that count....Watch this
 ...
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10-30-2009, 10:40 AM
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Quote:
Originally Posted by AV1
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That top chart makes a lot of sense...here's why. Everyone seems to be looking for a top on EUR/USD...that's why it's not going to happen just yet. Oh sure, we get that pull back..I agree...but we ultimately go higher because that will shake out the most people as they "get short" on that retracement...and still hold when the pair blows back up higher.
Now that makes sense. Great job!
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10-30-2009, 11:20 AM
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SEAN
Quote:
Originally Posted by Sean Hyman
That top chart makes a lot of sense...here's why. Everyone seems to be looking for a top on EUR/USD...that's why it's not going to happen just yet. Oh sure, we get that pull back..I agree...but we ultimately go higher because that will shake out the most people as they "get short" on that retracement...and still hold when the pair blows back up higher.
Now that makes sense. Great job!
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Yeah, that's what looks like, but time will tell.
Please enjoy your vacation, and we need you back. Take care....
AV1 |
10-30-2009, 11:47 AM
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Quote:
Originally Posted by AV1
Yeah, that's what looks like, but time will tell.
Please enjoy your vacation, and we need you back. Take care....
AV1
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Yeah, because I've found....when everyone's looking for a top...it doesn't happen. But when they finally get convinced that its "going to the moon"..that's when a top forms. haha!
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10-30-2009, 03:38 PM
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Quote:
Originally Posted by AV1
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AV1, you are the "Post of the Day"...congrats.
http://forexforums.dailyfx.com/blogs...cci-forum.html
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10-31-2009, 01:10 AM
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Quote:
Originally Posted by cmellon
Yup, I have a bullish bias with this pair now. With U.K. 3rd Q GDP much worse than expected and possibility of further QE on Nov 5th, a new high above 9416 is possible.
I like Jamie's count on this pair (chart attached)
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So how 'bout your bullish bias for EUR/GBP now CMELLON ??? Gone out the window yet ??? I'm looking for a pullback to atleast 91.64 Fib Resistance or possibly a little higher offering bears another chance to load on short positions before price heads lower... Earlier in October I was looking at the monthly chart of EUR/GBP and posted saying price action looked like it would finish the month a shooting star.. Now the month of October is closed and that shooting star is in place.. Bears are in control now, Look for pullbacks to seLL ... 
Here's the monthly and the daily charts ---->
Last edited by brad_1199; 10-31-2009 at 01:26 AM..
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10-31-2009, 01:21 AM
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Quote:
Originally Posted by AV1
I like that count....Watch this
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Thanks for posting AV1 ..  nice charts .... |
11-01-2009, 04:26 PM
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Nov 1 DailyFX Forum Highlights
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11-01-2009, 05:29 PM
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EURGBP
EURGBP is set up nicely for shorter term long positions... I'm looking for price to re-test 91.64 -------
Here is the EUR/GBP Hourly Chart ---->
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11-02-2009, 06:03 PM
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EURGBP
Quote:
Originally Posted by brad_1199
EURGBP is set up nicely for shorter term long positions... I'm looking for price to re-test 91.64 -------
Here is the EUR/GBP Hourly Chart ---->
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Update to the hourly chart of EUR/GBP from yesterday... Indeed price was set up beautifully for short term long entry last night ... Price saw a nice up side rally today which i expect we will now see extend to .9164 or higher ... Price is currently sitting around .9000 and there is up side opportunity for any short term bulls out there...
I made a nice little chunk of change on the long side today and still have additional positions running targetting .9164
EUR/GBP Hourly Chart --->
Last edited by brad_1199; 11-02-2009 at 06:06 PM..
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11-03-2009, 12:14 PM
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Hourly Double Top?
Quote:
Originally Posted by brad_1199
Update to the hourly chart of EUR/GBP from yesterday... Indeed price was set up beautifully for short term long entry last night ... Price saw a nice up side rally today which i expect we will now see extend to .9164 or higher ... Price is currently sitting around .9000 and there is up side opportunity for any short term bulls out there...
I made a nice little chunk of change on the long side today and still have additional positions running targetting .9164
EUR/GBP Hourly Chart ---> |
Hey Brad, What do you think of the Double Top on the hourly? You think it may lead to a deeper correction?
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11-04-2009, 06:04 PM
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EURJPY
A bearish pattern appears to be forming on the EURJPY. The cluster of fib retracement/extensions around 135.00-135.30 is offering some resistance.
Support and resistance in a quiet market (its quiet because there are a slew of economic releases Thurs and Fri) can offer short term trading and scalping opportunities.
Some traders look to the EURJPY as a proxy for equities too. With US equities selling off hard at the closing bell indicates selling pressure or lack of buyers.
If prices move back to the resistance area in diverging fashion with the indicators, it could provide some trading opportunities.
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11-04-2009, 07:35 PM
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Quote:
Originally Posted by Gregory McLeod
Hey Brad, What do you think of the Double Top on the hourly? You think it may lead to a deeper correction?
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I'm still looking for price to re-test .9164 |
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