This is a confusing wave from an EW perspective, but i'm not sure the downmove is done yet. might test deeper into the 35s with 3550-60 a big prior resistance. Starting to favour Szaman's count (above) as the A=C would now mean the impulse wave down from 145s is intact
This is a confusing wave from an EW perspective, but i'm not sure the downmove is done yet. might test deeper into the 35s with 3550-60 a big prior resistance. Starting to favour Szaman's count (above) as the A=C would now mean the impulse wave down from 145s is intact
On start I thought - we have missing wave 5 from 4280 but it was so strong move that 4th wave could be small.
In this situation we could have complete ABC down (wave from 45xx I dont count as ABC or 1-5 - I'm counting as WXY - that's mean that it can be 5-3-5 but it can be also 3-3-5).
I have big problem now with spike near letter A and next small wave a on my chart.
A on m1 look as diagonal - that's mean that move up is finish.
But next small move down ("a" on my chart) I can't count as 5 waves - only 3.
In this situation it can be only correction wave - not impulse.
Next argument on this - even somehow somebody can count as 5wave - Bwave on my chart which should be as 4th wave down is inside 1st wave ...
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Greek Conference Call with Troika to Continue Tomorrow or Later
Greek conference call with troika to continue tomorrow or later according to Greek Ministry. The call was first delayed and now it is prolonged. In addition, it appears that there will not be an official statement after the conclusion of the call. Without a news catalyst, Euro may continue to drift lower.
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EUR/USD London session review and outlook, September 19 - 2011
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Last edited by Alejandro Zambrano; 09-19-2011 at 01:55 PM.
I was going over some pros and cons for QE3 on Wednesday and came up with this list. If anyone else has anything to add I would be interested in hearing it
PRO: Desperate times call for desperate measures. Federal Reserve needs to do everything and anything they can to try to create an environment conducive to job creation. The economy needs more fiscal stimulus but if the federal government is paralyzed with division then the Fed has to do more
CON: We tried that twice and it didn't work. Or did it? Approximately 2 million jobs have been
created in the US since the first round of quantitative easing but it is not possible to prove if
this was a direct result of Fed action.
CON:Inflation is rising and it is no joke. The latest core inflation report showed that inflation
was the highest since 2008 at 3.8%. Regardless of whether or not quantitative easing contributed to rising inflation, the Fed has to pay attention to price stability as part of their mandate.
CON: Quantitative easing is not without risk.They do have other options, such as reducing
interest on the reserves banks park with the Federal Reserve to zero.
CON: The most important in my opinion.
The Fed might want to save its most potent tools for the real emergency crisis pending in the
EU.They might want to wait until October or November, in case bank lending freezes up and the
capital markets collapse if Greece defaults. The only way to make this problem go away would
probably be for the Europeans to double or triple the size of the EFSF, and Chancellor Merkel has clearly indicated that is not going to happen. No one really knows how the financial markets will react in such a scenario but the central banks will want to be prepared for the worst case, and have some ammunition left.
I was going over some pros and cons for QE3 on Wednesday and came up with this list. If anyone else has anything to add I would be interested in hearing it
PRO: Desperate times call for desperate measures. Federal Reserve needs to do everything and anything they can to try to create an environment conducive to job creation. The economy needs more fiscal stimulus but if the federal government is paralyzed with division then the Fed has to do more
CON: We tried that twice and it didn't work. Or did it? Approximately 2 million jobs have been
created in the US since the first round of quantitative easing but it is not possible to prove if
this was a direct result of Fed action.
CON:Inflation is rising and it is no joke. The latest core inflation report showed that inflation
was the highest since 2008 at 3.8%. Regardless of whether or not quantitative easing contributed to rising inflation, the Fed has to pay attention to price stability as part of their mandate.
CON: Quantitative easing is not without risk.They do have other options, such as reducing
interest on the reserves banks park with the Federal Reserve to zero.
CON: The most important in my opinion.
The Fed might want to save its most potent tools for the real emergency crisis pending in the
EU.They might want to wait until October or November, in case bank lending freezes up and the
capital markets collapse if Greece defaults. The only way to make this problem go away would
probably be for the Europeans to double or triple the size of the EFSF, and Chancellor Merkel has clearly indicated that is not going to happen. No one really knows how the financial markets will react in such a scenario but the central banks will want to be prepared for the worst case, and have some ammunition left.
Mary, you're kicking a dead horse here, sooner or later you'll end up breaking your foot! I tried to break this all down just a few short weeks ago, but everyone wanted the end result it seemed and where unwilling to go through the math, so I gave up. I understand you have a serious aversion to mathematical/scientific facts, so I'd imagine you pretty much hate everything Greg has show here today. Like it or not, I've been telling you the truth. Indecision on your part is not our fault.
Do your pro's and con's, but when you are willing to add and subtract using the real numbers rather then opinionated single sided articles, well, you'll figure it out I'm sure. You are very intelligent, but sooo single minded most of the time..... All of your questions above I was asking and pointing out a full year ago now on this forum. We're way beyond all of this now..... It's down to the final stages of aftermath. So place your bets, EUR/USD.
Originally Posted by Gregory McLeod
Hey Tim. You are welcome. Here is an article about Trade Flow Economies (like Australia, China, Canada, etc.) versus Capital Flow Economies like the U.S. Forex @ DailyFX - Trade Flows and Capital Flows
The Eurozone is considered "balanced" as it has strong manufacturing base for trade flows as well as sophisticated investment environment. However, the current crisis has thrown a spanner in the works!
Nice one Greg! Careful though, some here don't like cold hard facts, especially if the fact is backed up by a number,, oh my ,,,,,, lol .
Happy trading my friends,
t3t4
Oh, P.S.
Mary, you know the U.S. will eventually be blamed for the all the EU troubles! But likely not for another decade until the truth is told publicly. However, the numbers are here today....
Last edited by t3t4; 09-19-2011 at 09:28 PM.
Reason: P.S.
I was going over some pros and cons for QE3 on Wednesday and came up with this list. If anyone else has anything to add I would be interested in hearing it
PRO: Desperate times call for desperate measures. Federal Reserve needs to do everything and anything they can to try to create an environment conducive to job creation. The economy needs more fiscal stimulus but if the federal government is paralyzed with division then the Fed has to do more
CON: We tried that twice and it didn't work. Or did it? Approximately 2 million jobs have been
created in the US since the first round of quantitative easing but it is not possible to prove if
this was a direct result of Fed action.
CON:Inflation is rising and it is no joke. The latest core inflation report showed that inflation
was the highest since 2008 at 3.8%. Regardless of whether or not quantitative easing contributed to rising inflation, the Fed has to pay attention to price stability as part of their mandate.
CON: Quantitative easing is not without risk.They do have other options, such as reducing
interest on the reserves banks park with the Federal Reserve to zero.
CON: The most important in my opinion.
The Fed might want to save its most potent tools for the real emergency crisis pending in the
EU.They might want to wait until October or November, in case bank lending freezes up and the
capital markets collapse if Greece defaults. The only way to make this problem go away would
probably be for the Europeans to double or triple the size of the EFSF, and Chancellor Merkel has clearly indicated that is not going to happen. No one really knows how the financial markets will react in such a scenario but the central banks will want to be prepared for the worst case, and have some ammunition left.
Nice Mary.. Though looks like Cons & Cons 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...
Hi greg, thanks alot, haha, the data is humongous there. Anywayz, I am just curious as to why Kath Lien's method was not used anymore, is it because it no longer provides much insight?
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Originally Posted by szaman1977 
