Eur/USD

WaveMaster · Jul 4, 2006

Quote from downrivertrader:

I know things are thin, but I have decided to get short at 2795.

I'm looking for a 500 + pip move down from this area.

MrsSavant · Jul 4, 2006

Mr. River,

you might get a little motor for that canoe.

Wifey

downrivertrader · Jul 4, 2006

Whoa!! Can you gin up some charts with your analysis or something.

DRT

Quote from WaveMaster:

I'm looking for a 500 + pip move down from this area.

WaveMaster · Jul 4, 2006

My secretive nature prevents me from doing so.

Ivanovich · Jul 4, 2006

Quote from downrivertrader:

Just technical analysis. I am not good with anything else. Hunches sometimes. I study price distribution mostly. Certainly not an exact science.

Maybe you guys can shed some light on this......

If the ECB does not increase this week, will the EUR likely gain in value??

DRT

If the ECB does nothing, expect a rather large EUR selloff.

But I would be stunned if they do nothing.

xxDavidxsxx · Jul 4, 2006

Quote from downrivertrader:

Whoa!! Can you gin up some charts with your analysis or something.

DRT

He is right. There could be a 500+ pip move south.

The weekly chart shows this rally as the top of wave C in a greater wave 2. If so then we would see a great wave C decline unfold in 5 waves of one smaller degree.

Heres chart

Dave

I went short at 1.2795 just below the 1.2802 pivot. s/l 1.2825

xxDavidxsxx · Jul 4, 2006

Quote from WaveMaster:

My secretive nature prevents me from doing so.

this guy cracks me up

I know....incorrect wave count.....

WaveMaster · Jul 4, 2006

xxDavidxsxx · Jul 4, 2006

Quote from WaveMaster:

Yup.

well My wave count on the weekly scale follows all the rules for this count down to it's sub waves. There are 2 more possibilities always. This is my opinion of the most probible count.
Lets see your count. Or tell me where mine doesn't follow a key rule that blows holes in my waves.

Dave

DrawDown · Jul 4, 2006

Quote from downrivertrader:

I just closed my remaining long position at 2795 for a 276 point profit on this half.

I am keeping an eye on this 2795 area. I want to get short here, but am going to wait to see how it is resolved. This is a very key area. If we move above and build value, then it may be onto

2795
3065

If we move down a build value below 2660 then I suspect we are headed down.

Good luck everyone.

DRT

I just took half off at 2645. Will add some back once I get my barrings if warranted.

+126 Points

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Quote from downrivertrader:

Okay the hell with the dollar bull thing.

I covered my trade at 2521 for a 117 point profit. I am now long (a bunch) at .12519.

Makes my head spin. Fed should move the needle tommorrow.

Too much priced in the down move in my opinion.

DRT
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I'm just in shock.

Best trading!

Good (great) job!

Downrivertrader is a real bad***.

DD