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05-04-2012, 12:48 AM #45241
Originally Posted by JoeyLee
There is a H&S pattern in play in the S&P 4hr chart. Already broke down and targeting 1369. Eur$ is leading and unless the correlation is broken will be pushed down.
05-04-2012, 01:13 AM #45242
My long term count. It is heading down. The wave is moving towards 1.31. Danger ahead especially today news. It will accelerate the power to breakthrough 1.31 price level. Top is S&P. I put up this long term view for EURUSD on the bottom to remind you again. Usually when the previous year was bear. There is big possibility the bear will continue this year because it still under triangle currently that means it is having difficulty in moving up. Thus last year bear bar is still valid to support this year bear movement too.
Last edited by JoeyLee; 05-04-2012 at 02:09 AM.
05-04-2012, 02:35 AM #45243
... hm, I am still carefully watching my count, ST up in c) wave (w-i completed now), then 2 down to end the correction (viceversa for EUR) ... anyone?
Originally Posted by Easy Trader
05-04-2012, 03:05 AM #45244
See Chart Below
The ending diagonal has completed & broken down. The Ea has also engaged in sells on break bellow the sell
signal shown bellow. The primary expected target if traders are holding (riding) sell positions is the red neck line
shown at 1.30. Today is NFP day, and choppy volatile price action is expected, so stops must be kept Above (e)
@ 1.33. In terms of Risk : Reward, this may be considered acceptable, because Coming Sunday should see a
conclusion to the French presidential elections. Where Sarkozy is expected to lose. The socialists with retain
power in France, and softening of economic & Financial Appeasement measures is anticipated, weakening the
Euro. The neckline should ultimately break on this, and traders can ride for a possibly quick 1.2650 at last.
Perhaps the opportunity is a good one that should not be missed.
05-04-2012, 03:25 AM #45245
USDJPY seems like stop moving down. It looks like forming a church pattern. May be it is good time to go for long.
05-04-2012, 03:28 AM #45246
maybe you can help to explain why u are sure it is ending diagonal (I am)
Originally Posted by Summerset
there is someone who think this is a leading diagonal and looking at it as wave 1 with a projected target of 1.5 (WOW!!)
"Perhaps the opportunity is a good one that should not be missed." quoted from Summerset
"I'm buying some for the ride up right now. Very good R/R with an obvious stop loss point. Good luck bears. " quoted from 2 bits
The reason why i say there is always a bullish and bearish count/view at the same time, although only one is correct.....lol
i like honey bears cause they serve me honey juice and pepper steak
back to honey bear sleep
Last edited by stanchiam; 05-04-2012 at 03:36 AM.
05-04-2012, 06:15 AM #45247
USDCHF D1 04 May 2012
Hi Mr. Aerocom. This is my view and this pair is under extreme bullish.
Last edited by JoeyLee; 05-04-2012 at 06:23 AM.
05-04-2012, 06:21 AM #45248
i wonder what 2 bit say
Originally Posted by JoeyLee
05-04-2012, 08:27 AM #45249
before Non-Farm Payroll abr
This is my Wave Elliot for today
05-04-2012, 09:49 AM #45250
I appologize for not being active
I've been in the process of obtaining my CFTe which is why i havent been actively posting as usual.
This weekend I will take a look at every market I have a reliable reading on. Global equities and currencies. Feel free to send in your requests.
Competent Trades: The collapse of Russia
The russian stock market is down over 10 % from time of posting.
05-04-2012, 11:06 AM #45251
05-04-2012, 11:13 AM #45252
Thanks for posting. I look forward to your weekend analysis. While I don't trade the Russian Rubble and don't even watch it, I do agree with your Loonie analysis.
Originally Posted by Traderfringez
05-04-2012, 12:38 PM #45253
The B wave multi-month triangular consolidation appears to be in it's final stages - buy bias .
05-04-2012, 01:38 PM #45254
Originally Posted by apipintime
Timewise this count is hardly possible. Cable has max 5-10 days to finnish its up move (SLTD top) - in fact the top may be in place (confirmation <1.6074). Since Cable will most likely be dragged down by the EU, this one one looks like even better short.
from dialyfx real time news:
GREEK PASOK HEAD VENIZELOS: May 6 elections determine fate of country and will judge if Greece stays in Euro.
4 May 19:18:26
edit: I`m not sure which elections are riskier - French or Greek?
edit2: there are also regional elections in Germany -tripple whammy over the weekend
Next week could be really wild.
Last edited by fazi; 05-04-2012 at 01:49 PM.
05-04-2012, 01:39 PM #45255
I dont trade the rubel either, quite ironically it has one of the most clearest patterns which aid in chosing a preffered count on the rubel's european peers.
Originally Posted by aerocom
My CAD and Ozzy shorts are finally paying off! :-D
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