Are you ready for a new LOW in Euro below 1.18?

[Holmes]

Quote from torosyososfx:

Are you ready for a new LOW in Euro below 1.18?

Quote from Holmes:



Are you ready for the Euro going back up to 1.2619?

Moral: Don't make predictions, just follow your system.
Predictions will land you in the poorhouse.



Sherlock

torosyososfx: Were YOU ready for the market to go back up?



Sherlock

 

[aPismoClam]

was there news that sold the $ off this am?

 

[aPismoClam]

Quote from aPismoClam:

was there news that sold the $ off this am?

answered my own question. euro news is slightly bullish, high oil is bearish for ours. so the dollar will fulfull it's obligations on the daily chart, i figure, and then be a buy again.

did someone pull a post?

 

[wOg]

Quote from torosyososfx:

Are you ready for a new LOW in Euro below 1.18?

The long term picture in euro are suggesting that a new more leg down is expected, as you can see in the bluecounting. But what we can expect in the near term, can we wait a test of 1.2350 area before the last leg down begin, or the sideways will continue for a litle more time as a triangle?. This two possibilities are contain in the blue counting, where the wave 4 is unfolding a double zig zag ((w))-((x))-((y)) in progress, establishing a new high. The triangle alternative do not allow a new high,because that the price will persist sideways, till complete the last two swings. The Red counting shows the bullish alternative, where the wave (X) in unfolding. The first double zig zag W is on progress, needing on more leg up to be complete.

If there was an attachment to this one, I didn't see it in the thread.

My EW tea leaves look a bit different from yours.

I've got a Wave (a) down from the peak in late December that found support at the level of the previous wave (4) low around 1.20. I have EURUSD moving up in a sharp wave (b), perhaps to test 1.30 before moving back down and through 1.20.

If this happens, it will look a lot like an H&S top on the weekly charts ...

... which makes me feel like it won't happen, after all!

Berlusconi has already called the euro "a disaster". I suspect others will join in the chorus as the euro sinks toward parity with the greenback later this year or early next.

 

[ddc]

To all star gazers, crystal ball watchers and EW traders,
I hope you where ready for this morning's EURUSD Long break-out and bagged 2400 pips on 20 contracts in a small 3 hrs just like I did.
By the way: all smart money in currency futures is long Euro against the Dollar at a ratio of 4:1 Maybe use that in future as a fundamental indicator when Mr. Elliott tells you to go short Euro again on one of his mystical waves.
Happy trading and good luck boys and girls.

 

[Ivanovich]

Quote from aPismoClam:

answered my own question. euro news is slightly bullish, high oil is bearish for ours. so the dollar will fulfull it's obligations on the daily chart, i figure, and then be a buy again.

did someone pull a post?

Actually, it was the mid-east cbs that bought about 6 yards of euro that did it.

 

[sKaLpZ]

dcc, don't mind Ivanovich. he's moody.

you're making good points.

 

[dividend]

i think it's hillarious that just a few months ago everyone was going crazy over the demise of the dollar... my my how things change. =)

 

[ddc]

Quote from Ivanovich:

Uh...whatever. Buying that much EUR would cause ANY spike like that. Try to learn a bit more and leave the skepticism at home. Seven posts of nonsense. Sheesh.

Skepticism = survival

 

[Lucrum]

Some of you may notice a few posts missing. I felt like the thread was getting off topic.