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Realities of Forex Investment
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mnandii
#2581 Posted : Thursday, April 24, 2014 7:41:01 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304

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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Joined: 10/11/2006
Posts: 2,304
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
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
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
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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
Rank: Elder

Joined: 10/11/2006
Posts: 2,304

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
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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.
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
#2588 Posted : Monday, April 28, 2014 10:35:55 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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.
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
#2589 Posted : Monday, April 28, 2014 11:50:40 AM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304
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
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
#2590 Posted : Tuesday, April 29, 2014 3:24:19 PM
Rank: Elder

Joined: 10/11/2006
Posts: 2,304

Wave 5 looks to have truncated i.e could not go beyond the wave 3. Shows the power of bears.
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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