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Could do it, I'm not holding long through the weekend so I'm just scalping here and there as the opportunity presents itself.
Got out with 8 pips on that 1.902 triple.
Could be, it is Friday. Some good trading in patterns like this, I've made about 60 pips so far so I'm gonna trade light the rest of the day.
Yeah it's trying, even the 30 min TDI baseline almost bottomed out. I give this little run til 1.06737 then back down tho. That's the .447 on the backside of this 2.236.
It's about to go down again.
Probably wave 4 here at this 2.236.
lol SG! I keep hearing one of the Greece pols talking about their dignity guess someone needs to apologize to them. When you go to the pawnshop you don't put yourself in a position to negotiate so I'm not sure what they're thinking other than some political pandering. I'd feel pretty good about 1.0620 if it comes along at least short term.
Went long at 1.0647. Really like the 2.236/1.272/.618 combination.
Want to wait for a *.618 or a 1.902 back leg before going long for anything other than a scalp here because of the 1.902 topside. When momentum kicks in its just as deadly as it was on the way up. Probably some good trades to be had tomorrow counter trend.
Yeah but they'll rip your account right here too. It's not as it seems.
I sure am fighting the urge to go long here lol.
1.0720 is the .786 of the 1.902 also. May or may not hold but chances are better there. If this is wave 3 here on the 4 hour then wheels off the bus. If we are destined for a double top then this is the best chance there is of 1.0720 becoming a 4 hour swing low until proven otherwise. I'll probably go all in there and risk losing 10 percent of my account on margin (and then wake up tomorrow and wonder WTF I didn't hold my 1.0831s longer lol). Such is the game tho.
Well we should know in the next 15 minutes or so whether it's a descending triangle down here in the 1/5/15 min that will take us to 1.0720 or if the butterfly pattern builds on itself.
Smart trade. This could very well be leg 3 of a .786/.886 butterfly. I haven't had time to check all the supporting details of the interior legs yet but I'd suspect that's why we're stalled here.
http://www.harmonictrader.com/price_patternsbfly.htm
I'm so tempted to sell my UJ longs but I'm not!
Closed my shorts here guys, still can't get my head around not having one more rally, especially the way the 15 min chart looks.
I'm going to be selling it some more at 1.0840. Gotta work you guys make some money.
Not sure but I am counting on a triple top here or close to it.
Nice trade stargate. I believe we should be in wave 3 right now with a target of 1.0672.
You know if you project this last little wave upward into the lower 1.414 from the left, there are a couple of key levels of interest. I feel sure one of them will hold, just wish I had the key and knew which one for sure. Worst mistake here is going all in at one level and getting stopped out for the bigger run so I've got orders sprinkled at about 4 places back up to the double top.
She's finished I think at least until 1.05. Could be double/triple top at 1.0840ish though.
lol D, good to see you! Might as well mix business and pleasure if I'm going to get the same penalty for screwing the kingdom! I swear I'm gonna figure it out yet!
I can see them in a chart so no need for a spreadheet, they can be coded right in C++ in MT4. I've got about 20 EAs that I've done based on ZUP and different things but I've always coded them based on a sequence of upper lines or lower lines or three lines intersecting and that isn't the key.
I have no doubt that the algorithms and math are what drives the whole thing. I want to slip in while the king is sleeping and plunder the kingdom and be gone before daylight day in and day out even down to the 5 minute chart.
Edit on Chinese data.
http://www.forexlive.com/blog/2012/02/09/aud-falls-on-false-data-recovers-on-clarification/
Personally I think it probably worse that reported. Flash crash candle in the making.
It's the key to the castle. I'm sick of guessing tops and bottoms. The sign was there ever since the .707 hit with the backstop of the 3.618.
So all you AU shorts sing along.
"The wheels on the bus go falling off, falling off, falling off
"The wheels on the bus go falling off, falling off, falling off....
So help me out here somebody. This level isn't by chance, it was there from the start. No way the puzzle pieces just all fit together like this willy nilly.
Below we have the 1.902 which is the square root of 3.618 extension and look where the two candles stopped on the way up about the 3rd week of Decemer, at the 1.902 extension of the .707. BTW, the .707 is the inverse of 1.414 which is the square root of 2. And the high that setup the .707 low, the 3.618 extension of what would become later the .707???
Somebody put their thinking caps on here and let's figure this out because it happens all the time.
Edit: In my picture I call 1.902 the square root of 3 but it's actually the square root of 3.618.
I hope the wheels come off that thing today.
Going short on AU and going to work. I like the way this possible double top looks here.
This is why I feel the time is now. I feel certain that long term because of the weekly chart we will run to the trendline in the first chart at the .786, it is one fib down from the .854 already established.
In the second chart I drew the fib from the low to the bigger timeframe .786 fib and to me this looks like an extended wave 1. So right here at 1.59 we appear to have the end of wave one. I would think 100~150 pips here would be a reasonable TP.
There is the possibility that we would have two steps down from the upper trendline to .707. In that case the most recent retrace on the 4 hour chart would indicate that we are in wave 3 since that most recent dip on the 4 hour would mark the .50 fib of the entire retrace. (3rd chart) If that be the case then would think higher on all USD crosses. So I added here about 1.59 and going to give it 40 pips leeway in the event it is option 3.