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The hourly is trying to form a rejection bar (support finder). Should be about ready. May add here as well
Yeah I was counting on that anyways but that market baseline is high in the TDI range and curling downward. Not worried and I'll add as needed.
That's what I'm counting on pennies. The retrace was at the 38.2% of the last leg so I'm hoping that holds. Just gotta break through the trendline since this is the third attempt at the high. Should roll over here soon. Fingers crossed
Back in AU short as well @ .7133
Outstanding...thanks
Probably should sticky the video as well for easy access pennies
Now that's some funny stuff Lol
Ok Jav. Good night.
Umm no. The whisky. Lol
Yeah it's cheap that's why I trade it along with NJ. You can almost trade a full lot on a small account and still have a lot of free margin.
Nice...Enjoy. In moderation though. Lol
OK no problem.
That's hilarious. I don't think I'd be cruising for funeral homes. You might need that drink. Hahaha
Jav here is that NU 30 min chart... I think I have it labeled correctly. The collapse in price at wave 5 says chances are it is. Doesn't do much good in hindsight since I closed it early though. Remember it's best to wait until the point and wave 1 through 4 is complete because they set the trendlines. We trade waves 4 to 5 and 5 back to the next point beginning another wave 1. That's my understanding anyways.
That's too funny. I'm not there yet but not far off.
Yeah I gotta keep reminding myself of that as well. Lol
Hey Jav. I'm thinking that wave 5 is an unusually long leg in reference to the expanding moves. The longest of all actually. At it's completion, that's the point we use to start our next wave 1 in the opposite direction not counting the point itself IMO. Wave 2 is the retrace of wave 1 which creates the near double top or bottom (divergence). At least that's the way I understand it. Lol
The strange thing is pennies, I actually understand that Lol
Looks like NJ may be next to tank.
Good call pennies. I was busy watching EU. Figured the tank on NU should've been the signal for AU.
Yeah Pennies I realized after the fact that i got in too early. The 30 min count looked like it was working on a wave 5 down on this leg. Dang. I'll get get it eventually.
I just love how EU pushed 40+ pips against me after forming that hammer right on top of the trendline. Talk about a fake. If that wasn't a long signal I don't know what is.
They know new highs signal long positions IMO when actually they are just laying out the rug for people like me. I've seen trendlines break, support and resistance break, oscillators fail and so on but nothing seemed to work like this wave count. It's been consistent...so far.
Hammer on the EU 30 min complete.
Slight of hand pennies. They are actually short but want all of us to go long. Hahaha
Absolutely pennies. I personally get caught up in jumping ahead of price action thinking that a particular area must cause a turnaround. I've always jumped in long at resistance and short at support then get trapped. This wave count helps a lot especially after zooming out on my chart. Those waves just about pop out at me now. Just to think a simple change makes a difference. I'm a master at getting head faked for sure though. Lol
EU is looking sweet. It's retesting the weekly trendline break. The smaller time frames are already trying to form a hammer near it. I took a small long on it @ 1.0965
Yes pennies. I was in it for a half lot so I was watching it closely. At the first sign of bullishness I closed it but it was a head fake and tanked another 50 pips. Such is life. Lol
Those TDI bands are tightening as well. It's daily so it takes a little time.
NU falling nicely. I closed to early on that headfake.
Lol. Are you still AU short, Quan?
Long EU @ 1.1030 Testing my wave count
Say it ain't so...lol
That's too funny. People always think they perform better when tipsy. Especially driving. Haha. Good night Jav and all
Jav I haven't had the chance to see the difference but sounds like it works.... or you've had one to many mixed drinks lol
Makes sense. Thanks
Pennies I notice you have your chart zoomed out 1 or 2 stages. That could be why your TDI waves are more refined. I'll try that when I get back to the computer. Thanks for the charts too since i don't have it on my mobile.
Thanks Kirby. I'm still learning this wave count like everybody else. Tough learning at work though and mobile doesn't have the TDI lol.
Took 25 pips on AU short. I hate to leave money on the table. I'll get back in soon
Short AU @ .7190 Ready for larger move down.