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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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Sir Ignore
United States
Posts: 3068
13 years ago
May 24, 2011 16:17
without you Dave..I wouldn't be here, doubtful subz, then what?

you are MVP on the forum....Ashraf must admit..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 16:16
I read some of the reviews on amazon and gathered this aint gonna be for jenbabe. She dont like blood and guts all over the place. She more interested in saving life or helping the elderly to die lol.
subway90
Posts: 1078
13 years ago
May 24, 2011 16:15
yep iggy... :)

8 hour looks very strong.... could see much bigger jump than expected.. have to see what happens at 4150/60... but 4270/80 keep flashing inside my head... LOL
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 16:14
skipper I try my best in the time available to me to make potentially useful observations whilst respecting other traders methodologies :-)
Sir Ignore
United States
Posts: 3068
13 years ago
May 24, 2011 16:13
Dave let me knowimmediately when movie arrives (women don't dig it btw)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 16:12
And the symmetry levels are excellent for playing 3 units or more. If the 3984 low for example had been a projected low for end of first move down sequence and you got your ass long at say 4015 anticipating an ABC correction up.

You would take profit at that first resistance cluster we identified c 4062 one unit off and tighten stop for remainder. Second unit off at the 100% symmetry level 4100, tighten stop again at least to b/e. Third unit off at the 127% level 4130. Then stand aside to see what gives and be ready to re-enter in either direction, preferably short if the end of correction seems likely.
Sir Ignore
United States
Posts: 3068
13 years ago
May 24, 2011 16:11
Dave..with your pinpoint system vs my lagging momentum model
shouldn't you give me a headsup first on euro trades?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 16:04
So Chloe this is where I said that you can use the fib and symmetry work in your trading woithout being an elliottician but ultimately you would benefit from a basic understanding of EW structure. That can come later.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 24, 2011 16:01
chloe yep the 127% at 4130, correct. The 161.8% at 4163 on my chart and its bang in the middle of cluster zone 4156 to 4175 (78.6%).

Thing I tried to expain it that ABC's (Garleys) should not exceed much above the 127.2% extension level. If they extend up to the 161.8% you may well get a short term reaction before another move up which would transpire to be the 5 th wave in a five wave impulse sequence. That eventuality has very different implications to the implications of an ABC pattern.
Sir Ignore
United States
Posts: 3068
13 years ago
May 24, 2011 15:55
Dave...yep..cast of characters...
if you didn't have charts Dave how many euro trades could you make a year?
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