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DaveO
(N.Cornwall, United Kingdom)
512 Posts by Anonymous "daveo":
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DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 8, 2010 18:13
In Thread: EUR
On short term EU someone mentioned gartley pattern last night, think it was Ignore. I gave the 100% sym target on that at 3222. In fact it extended to 127.2% level which I had at 3175, within 4 pips of the low made. The reactive bounce off that level has not been what we might have liked for an intra day trade, very messy. Cable was better long trade from that low.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 8, 2010 18:02
In Thread: EUR
Subway, agree with your analysis so 4th potential count added :-) I am not very keen on daily timeframe A's being a three rather than the more normal 5. OK, I know a three is allowed in an A (but not in a C). Your criteria for passing certain levels to switch the high probability bias absolutely agree with, I just a little lazy typing in chat :-)

As far as your comment to Ashraf concerned, I value his fundamental bias at any point in time as I can see if a particular count happens to fit what he is predicting and if so I might well trade his direction. He is more often right than wrong so I am finding he is not a waste of space :-)))
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 8, 2010 17:24
In Thread: EUR
I agree your bullish scenario but since I read only 3 waves down thus far on daily a break up could well lead to new highs above 4280 i.e the correction has been down, done and dusted. Three alternate counts running for me and Ashraf bias is neg.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 8, 2010 17:17
In Thread: EUR
Another possible target I have is for the move down from 1.4280 high to be a 5 sequence. In this event wave 5 would=wave 1 at 1.2588, right on the 24th Aug low.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 8, 2010 17:06
In Thread: EUR
Subway, 1.2716 happens to be 127% sym ext but I suspect Ashraf eyeballing 61.8% ret at 1.2794 for a reaction. Let's see what the meastro says :-) I can't see any of his MA's there.
DaveO
UK
Posted Anonymously
14 years ago
Dec 8, 2010 17:02
In Thread: EUR
Hey, lets take a month at a time for trading. None of us know exactly what will happen or when. A single catastrophic event could change everything. Empires come and empires go. Geographical location and demographics have much to do with that. S.America pretty well placed for the future and who knows whether the bible prediction for large portion of middle east to be laid to waste will come true, etc etc etc.
DaveO
UK
Posted Anonymously
14 years ago
Dec 8, 2010 0:41
In Thread: EUR
100% gartley @ 3224
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 7, 2010 0:09
In Thread: Gold, Oil & Indices (Equity & Bond Indices)
I shan't be around to verify in 2072 Said.
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 6, 2010 23:50
In Thread: EUR
Nah, I checked it many times and definitely all MA's on "simple" with no offset. Now I feel a right bloomin plonker after checking yet again and the 55 was set on "bar high" instead of "bar close". I never run MA's on other than bar close :-)

THANK YOU Ignore for pursuing this and forcing me to check again. C'est parfait maintenant :-)))
DaveO
N.Cornwall, UK
Posts: 5733
14 years ago
Dec 6, 2010 21:35
In Thread: EUR
Eurozone bond was not discussed.
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