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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:

EUR

Discuss EUR in this thread
 
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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 14:39
re the ABC 's. you can trade the Wave C which is always 5 waves within looking at smaller timeframe. Wave B is dangerous to trade unless on a high timeframe but even then its potentially dangerous. Can be either a 3 waver abc of B or can be a very choppy affair.

The wave A can be either 3 waver (abc of A) or it is more often a 5 waver in futures markets. Forex seems to have a lot of 3 wave A's. Dunno why. dems da rules Chloe.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 14:32
ok, that answers my question. canadians are trigger happy.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 24, 2011 14:29
ok short order was hit 14113level..might stay with a 50%retrac of my total 2step move=14140level..ok trade working nice so far might place my stop @ b/e..ok gl guys:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 14:24
And on the pattern we have to always remain open minded. If the ABC (gartley) goes too high against the symmetry projections it usually means we are in a 5 wave sequence, not a 3 wave corrective. Having said that there is an ABCDE corrective pattern which is characterised as overlappy happy as apposed to an impulsive 5 wave sequence.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 14:19
Last night BBC featured prog on the holding jail in miami. Wow that be a tough environment.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 14:17
yeah Chloe, yer catching on nicely but lets wait until a high is likely formed before jumping the gun. Hope yer canadians not like my american friends----trigger happy :-)
chloethebull
Canada
Posted Anonymously
13 years ago
May 24, 2011 14:06
hi dave, if we can varify the continuation in the latest down move in eur$- once i measure the total move of the zig-zag my extention targets are 127%=13927--161%=13876..sound correct to you?thanks gl:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 13:13
A break of 4036 to the downside for shorts unless you have the benefit of earlier signalling
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 13:09
Yesterday our targeted cluster 4057 to 4068 held for a short term top, not a reversal as we can see.

The pattern now up to the 4115 higher high is a potential ABC corrective (or Gartley). The 100% was clustered with a 50% at 4100 and a 38.2% at 4112.

Next cluster for an extension would be 127.2% and a 61.8% at 4128/4132. Beyond that at 161.8% is 4163 clustered with 2 other fib rets at 4155. If it reaches that higher level then the 3 wave simple corrective idea (ABC or Gartley) is probably invalidated.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 24, 2011 12:43
gm all:), well my 1st attempt @ using the 2step might have worked..1st alarm was hit @14070 but did not hold as i thought it might with previous fib levels from bigger swing over lapping-but my 161%-14114 was also reached but looking @ my chart it did hold..need to get ahold of ib platform and find out why i dont have 127% in my fib levels:(..thanks guys for your support:)gl/gt:)
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