Hey Captain, the bear is strong this time around but we should be close to a small retrace. My hrly and 4hr are extremely o/s but the bear is limiting price movement long.
Originally Posted by nopainnogain
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Like always, I appreciate your charts. Your equality target is pretty close to the recent low, I'd consider your target met if price was to retrace as if 5 waves were complete from 2921. Otherwise price is caught in a strong downtrend, possibly because of your last 5th wave being incomplete?
A-Yooooooooooo
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
Good morning fellas, here is an updated equilibrium charts showing progress to date... the first gap between 1.2588-1.2680 has been filled. there is still a lower gap that needs to be filled, but depending on the wave counts your following, it might want to bounce and fill the 2 gaps it has left up top from the fall... here is where it gets tricky and where wave counts are critical, oh what fun!!! Mike
Good morning fellas, here is an updated equilibrium charts showing progress to date... the first gap between 1.2588-1.2680 has been filled. there is still a lower gap that needs to be filled, but depending on the wave counts your following, it might want to bounce and fill the 2 gaps it has left up top from the fall... here is where it gets tricky and where wave counts are critical, oh what fun!!! Mike
Man, I gotta tell ya, I'm just not feeling this whole gap thing. I kinda understand from looking at your charts, but "kinda" being the operative term here.
I've been short almost from market open on Sunday and I'm looking for a target of 1.2580 even though I think it'll hit 2500 even. But I won't push my luck. I also expect the 2500 to be the complete end of wave 2, but I'm not holding my breath.
Good morning fellas, here is an updated equilibrium charts showing progress to date... the first gap between 1.2588-1.2680 has been filled. there is still a lower gap that needs to be filled, but depending on the wave counts your following, it might want to bounce and fill the 2 gaps it has left up top from the fall... here is where it gets tricky and where wave counts are critical, oh what fun!!! Mike
Thanks Mike, that works wonders for EW counts. w2/B has a target of 2808 thanks too you. Thats almost 200 pips up, which if 5 waves are complete from 3333, then gap closure falls between 23.6-38.2. If the drop from 2921 is a separate entity(wC) from 3333-2732 drop, then its possible that an abc of wA is complete and wB would only have to travel to 38.2(flat) to close the 2808 gap and may even close the tippy top if it were to expand its flat. Okay, getting ahead of myself. Greatly appreciated. As you can tell, your chart has spawn great possibilities as far as EW goes.
A-Yooooooooooo
Go ahead switch the style up' And if they hate then let them hate and watch the money pile up.'
I tried to stay focused Yesterday, but Market lethargy made Me drowsy.
In the Wee hours this morning, the Brownies entered a short at 1.2650, and I Bailed with 50 Pips. A completely hands free operation.
Those are My favorite kinda Trades. I'm not watching the Market, so I don't anticipate it and jump out too early.
All was not Roses as it sounds. I had to close a long Lunch Time Liquidation Position I had held onto in vain for too many pips, till Hope died. Good thing too, else the short position wouldn't have been possible.
Mike: About those equilibrium Charts? I'm not quite sure I understand them. Where can I find more info on the subject.
I'm thinking about becoming a full time Bear again for awhile. The Gestalt of the info flooding in seems to suggest the Dollar is going to rise. Even the Wavers Icon, Bob Prechter said so. I am never fully comfortable taking a long position. Even when they are profitable.
Happy Trading, and look out below.
Originally Posted by FLFOREX
Good morning fellas, here is an updated equilibrium charts showing progress to date... the first gap between 1.2588-1.2680 has been filled. there is still a lower gap that needs to be filled, but depending on the wave counts your following, it might want to bounce and fill the 2 gaps it has left up top from the fall... here is where it gets tricky and where wave counts are critical, oh what fun!!! Mike
Man, I gotta tell ya, I'm just not feeling this whole gap thing. I kinda understand from looking at your charts, but "kinda" being the operative term here.
I've been short almost from market open on Sunday and I'm looking for a target of 1.2580 even though I think it'll hit 2500 even. But I won't push my luck. I also expect the 2500 to be the complete end of wave 2, but I'm not holding my breath.
t3t4
Originally Posted by BILL
Mike: About those equilibrium Charts? I'm not quite sure I understand them. Where can I find more info on the subject.
if you have skype, you can add me, and we can have a call and ill share my screen with you and explain it to you if you'd like Skype id: FLFOREX
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Originally Posted by Colly
Mine is 06:10am.... I think I sleep a little now
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