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Realities of Forex Investment
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mnandii
#2581 Posted : Thursday, April 24, 2014 7:41:01 AM
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The rise should be an expanding ending diagonal. But am concerned that wave [2] is taking too long to resolve. By end of day today we'll know what's up.
NB: The BIG drop is still on the cards.
Goodday. smile smile
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2582 Posted : Thursday, April 24, 2014 5:59:52 PM
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Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2583 Posted : Thursday, April 24, 2014 6:18:51 PM
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mnandii wrote:

Wave 1 = 40 pips
Wave 2 = 35 pips
Wave 3 = 65 pips
Wave 4 = 63 pips

[Wave 1 ] X 1.618 = Wave 3
[Wave 2 ] X 1.786 = Wave 4

Coincidence?

0.618 is the golden mean.
1.618 is the reciprocal of 0.618.

Square root of 0.618 added to 1 (unity) = 1.786
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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hisah
#2584 Posted : Thursday, April 24, 2014 7:42:51 PM
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USDCNY spikes above 6.25. Gearing for the 6.30 break. The bond squeeze is coming. The fireworks will be spectacular...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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mnandii
#2585 Posted : Saturday, April 26, 2014 8:36:22 AM
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Two possible scenarios for EURUSD's wave Y. Either a triangle or the expanding ending diagonal.

If price moves above 1.3848 that would signal the diagonal. However if price remains below 1.3848 that would be a triangle.

We'll know more by Monday.

Nice weekend everyone.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2586 Posted : Monday, April 28, 2014 5:22:47 AM
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The triangle scenario. If so, prices should not exceed 1.3848.

Once the triangle is resolved (i.e wave E completes) EURUSD will crash downwards in a third wave. Happy trading.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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mnandii
#2587 Posted : Monday, April 28, 2014 10:30:01 AM
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mnandii wrote:

smile
The scenario in play. An expanding ending diagonal. The 1.3884 level should be respected i.e. price to turn sharply lower at that level.
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mnandii
#2588 Posted : Monday, April 28, 2014 10:35:55 AM
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My earlier Sell order at 1.3870 has been hit. Now the key price level to look for is 1.3905 where my SL is at. If 1.3905 is hit then a much different Elliott Wave pattern is in play. From my view though, this is a low probability case.
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mnandii
#2589 Posted : Monday, April 28, 2014 11:50:40 AM
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mnandii wrote:
There's a possibility of EURUSD going back to the gap. So beware. I have a sell order at 1.3870 with SL at 1.3905 just in case.


Elliott Wave helped us predict this a week in advance.
smile
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mnandii
#2590 Posted : Tuesday, April 29, 2014 3:24:19 PM
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Wave 5 looks to have truncated i.e could not go beyond the wave 3. Shows the power of bears.
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mnandii
#2591 Posted : Wednesday, April 30, 2014 5:58:05 AM
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First Impulse wave down. Correction is due to about 1.3829 level (wave 4) before down move resumes. Happy pipping.
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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kyt
#2592 Posted : Wednesday, April 30, 2014 6:38:47 AM
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does anyone trade oil here?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#2593 Posted : Wednesday, April 30, 2014 9:20:48 PM
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FOMC - Fed continues to taper.

EURUSD should slide again, but 1.3770 will likely be as low as it goes. Upside favoured from there with 1.4000 in focus in May.

GBPUSD objective still remains 1.7100 or higher.

Watch out for that yen. Futures at a crucial decision point. Either a big rally or big selloff on failure.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#2594 Posted : Wednesday, April 30, 2014 10:20:01 PM
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Location: Sea of Transquility
hisah wrote:
FOMC - Fed continues to taper.

EURUSD should slide again, but 1.3770 will likely be as low as it goes. Upside favoured from there with 1.4000 in focus in May.

GBPUSD objective still remains 1.7100 or higher.

Watch out for that yen. Futures at a crucial decision point. Either a big rally or big selloff on failure.


I concur, though I have a bias for both eu and uj rally. If I get a nod on these I will be putting my money on uj and ey longs.
“small step for man”
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Ceinz
#2595 Posted : Wednesday, April 30, 2014 11:02:21 PM
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kyt wrote:
does anyone trade oil here?


Check out myfriends here @ forexfactory olu thread
“small step for man”
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mnandii
#2596 Posted : Thursday, May 01, 2014 2:05:46 PM
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EURUSD 1.3880s target hit at long last. My expectation for a big bear market remains. 1.3905 remains key. smile
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mnandii
#2597 Posted : Thursday, May 01, 2014 2:11:14 PM
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On HFT
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mnandii
#2598 Posted : Thursday, May 01, 2014 2:14:15 PM
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mnandii wrote:
On HFT

It's important to note that similar issues raised by Michael Lewis today were asked by Congress back in the '90s when the issue of electronic trading first appeared. Faster communication means BETTER prices for the common man, not the other way around!
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mnandii
#2599 Posted : Thursday, May 01, 2014 2:25:44 PM
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EURUSD should fall in third wave. 1.3905 level is key. If broken to upside the a different count is in operation.
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Ceinz
#2600 Posted : Friday, May 02, 2014 8:17:21 AM
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Ceinz wrote:
kyt wrote:
does anyone trade oil here?


Check out myfriends here @ forexfactory olu thread

“small step for man”
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