Are you referring to my charts because i have not posted any,,,lol,, I was merely paling around with Paul, excuse me for interrupting the seriousness of the forum. please give us your next analysis?
Originally Posted by rcopadilla
If I have something to say, I'll say it instead of generating clutter and noise just to say that I will say what I need to say in my next Post. How's that backtesting of the ZIGZAG indicator working out for you??
Im a Gold Member that's a long time to paper trade.....Now your doing the very thing you accused me of "clutter", can we move foward from this...Please and Thank you
Originally Posted by rcopadilla
is for fun. There are some here who deal with the real thing.
I am not a waver so if this is not correct, please some of you better wavers, chime in.
This retracement is likely an ABC corrective wave. The length of wave C is appr. equal to that of wave A.
Wave A started at a high of 1.32256 and ended at a low of 1.31744 for a delta of 0.00512.
Wave B ended at a high of 1.32091. Subtract the delta of 0.00512 gives a projected value of Wave C as 1.31579. That is very close to the estimated value posted last Friday.
Last edited by rcopadilla; 04-22-2012 at 10:41 PM.
Reason: typo
Alternative count for leg up complete in Elliot Waves.
Not saying it is right, but easy enough to retrofit if wanted to.
Top of (i) in this count is 1.3164, so impulsive thrust through this level will also take price out of the nearest regression channel too as this count proves safest to play. Have added 8hr for ichimoku bounce and bigger picture resistance play off trend line break and starc bands.
If move down does not start to look very impulsive, will take shorts off and think again.
Last edited by Clivewaverider; 04-23-2012 at 01:53 AM.
First target for me is the 2 day Hull (gold line) which is the centre of my price envelope and pointing up: approx 1.3115, which also equates to the bottom perimeter of the weekly channel (orange dotted lines). This would be greater than the 61.8% retracement of the move up from 1.3069, which stands at 1.3129, but not by too far to tick two boxes and keep momentum moving up along with the 1 day MACD as well.
A back test of the channel it exited last week would need a lower price nearer 1.3070, which would break this current channel in play on all three counts (as above) and bring my previous EW count into play. If it did push on down, then 1.3018 ish looks good to me at the blue 1month rolling Hull line, which is also bullish at the moment.
Fun times ahead again!!
Last edited by Clivewaverider; 04-23-2012 at 02:07 AM.
Nearterm, the bullish MA band is under attack and a whole raft of targets sits below: red retracement targets from 1.3069; the thin blue regression channel up from 1.3065; the white and blue MA lines for the 2 day MA band (not filled in) that have just crossed up; the gold 2 day Hull at 1.3115.
Price action last week did a good job of trying to confirm a bull move, but it might just turn out to be exactly that - bull. All will become clear with price action, so no need to guess.
that 8 hour chart and tl rejection really clears it up
Originally Posted by Clivewaverider
Alternative count for leg up complete in Elliot Waves.
Not saying it is right, but easy enough to retrofit if wanted to.
Top of (i) in this count is 1.3164, so impulsive thrust through this level will also take price out of the nearest regression channel too as this count proves safest to play. Have added 8hr for ichimoku bounce and bigger picture resistance play off trend line break and starc bands.
If move down does not start to look very impulsive, will take shorts off and think again.
French election news should lead to concerns over French debt this week, this could be the next leg down in EURUSD, though I feel the Fed might become a bit more dovish than it has been recently on weds because of concerns that recent unemployment strength has been more due to seasonality than has previously been thought. they probably feel the market needs some support as well.
like the short from 13245 on open, then from 13305 if it breaks up. target 13010 if we can get some decent downward movement before the FOMC conference on Wednesday, after which i expect recovery
good luck
I missed your explanations Mystic, I started to looking about an european news that will cause the Eur/Usd to declin. I had only a technical explanation.
Good to see you posting again
Thank you Stryker
Thank you Cody
Plan the Trade and Trade the Plan
First target for me is the 2 day Hull (gold line) which is the centre of my price envelope and pointing up: approx 1.3115, which also equates to the bottom perimeter of the weekly channel (orange dotted lines). This would be greater than the 61.8% retracement of the move up from 1.3069, which stands at 1.3129, but not by too far to tick two boxes and keep momentum moving up along with the 1 day MACD as well.
A back test of the channel it exited last week would need a lower price nearer 1.3070, which would break this current channel in play on all three counts (as above) and bring my previous EW count into play. If it did push on down, then 1.3018 ish looks good to me at the blue 1month rolling Hull line, which is also bullish at the moment.
Fun times ahead again!!
I do have best supp of the day at 3117.. but as of now 3148-55 is supp and could see this acting in for a move higher. USDOLLAR has left a huge opening gap for the week..
Anyways will see how this rolls out...
3255-60 is top tgt and interested to sell into around it...
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...
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Originally Posted by rcopadilla
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