Posts by "daveo"

Very well done @skipper. I always watch yer trades, u know that. Our methodologies are very different. Neither of us will expect to convert old sea dogs. I guess I am anything but simple, beyond redemption :-)

Now WTF are cat and ash talkin bout. Too late to fathom after a hard day's shoppin :-(

Yeah, FXDD opened a Malta office offering highish leverage to non US citizens. I started a demo account to check them out but never funded it. I thought their Malta office might be contra NFA regulations.

Phew !

I think one could pose several counts for monthly and weekly, none of which could be considered the primary high probability outcome. Referring to monthly I favour the ABC 3-3-5 corrective scenario with A completed at June 2010 low, B completed at May 2011 high and C still in progress. The C is a nightmare to analyse on smaller timeframes but a minimum symmetry target would come in at 1.0775 and possibly extend to 0.9640 which would be more attractive to test the parity level along the way.

Its possible the C leg down starting from the May 2011 high has only completed 1:C down with 2:C now in progress. This count would increase the possibility for an ending at the lower target level around parity to 0.9640.

This is a classic case of too many possible counts to be useful. We could all make a case for our particular fundamental bias and bend some of Elliott's rules to fit our bias. Elliott would say "I told you not to look at paired assets with my work".

Not much history for FB of course to make analysis. There is a large gap on my chart from the 26th July at 26.73 to 24.54 on the 27th July. This has now been filled today, as near as dammit. 38.2% ret is at 28.04 coinciding with 161.8% at 28.20. 50% level at 31.28 poses greater resistance coinciding with volume node from June/July.