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Yup out of control
Well the only thing that would change that is crossflows. Aussie seems to be getting the bid as the only place to park funds right now. Risk on/risk correlation is taking the back burner and that's a bad place to try and trade technicals.
Sometimes I hate AU, it just go and go for no damn good technical reason I can see. Being on the wrong side is like having high blood pressure the silent killer. I see Euro about to explode and Aussie about to implode, one of the two is wrong, just don't know which one. Something is up behind the scenes I think with repatriation flows in some convoluted way.
Good post Pennies, that's the sort of stuff that I hung around here for when I first started trading. Totally agree with the wrong trade thing. If it's not right then it's wrong and no amount of averaging down trying to make yourself feel better about the entry is going to make it so. Used to think otherwise but I've become a fan of hard SL especially when trading Gann and I think it's the best approach. Lot's of nilly willy stuff out there about brokers running SL, stop hunting, etc and stuff but in the end it doesn't make much difference. It's one thing to have a SL to cover the spread and then a few pips but can just as easily break an account by averaging down. Be right more times than wrong and you'll make money but when you're wrong, you're wrong and it's best to admit it.
Interesting relationship here on EJ with the .886 and 1.732, would suspect that EU follows. .886 * 1.732 = 2.618. Don't quite know exactly what that means here in terms of the geometry but I'm long again for the time being. Being that the pin candle at far left is 3.618 extension on the daily I suspect we run 500 or more pips here.
We might be surprised at how strong the legs are here. Today is 4 years exact from 7-13-2008. Woke up that next morning and it all went to shit.
Here's the CSV generator. You're on your own setting it up just no time. Follow the instructions in the post and you should be fine. Haven't used Gannalyst in a long time.
http://www.filedropper.com/ganndata
Today was the end of 4 cycles from 4-11-11. There's another cycle from 10-31-11 to 3-21-12 to 7-24-12 to 8-13-12 (I think) that should kick in on 7-24. Not entirely sure what it will look like by then tho.
Those are from MT4. I can't search messages anymore but if you search my previous posts you will find the instructions for using Gannalyst and the CSV info. Not exactly sure but I feel like it was a couple of months ago.
I went EJ 96.55. I think 1.0250 likely by 7-24.
Yeah read a lot, it's pretty in depth. Also it's not exactly what a lot of people think it to be but I think well worth the time to study it even if only as part of the package. From what I understand it's the number one method even more used than fibs.
AU and GJ have different cycles and I'm on the fence about AU right now. With AU we have 144 bars, 24 across the top (from the high to the right). One would think that 36 bars from the top would be some point of inflection since it's 1/4 of 144 but that won't happen until tomorrow morning so I'm waiting on it.
With GJ we had 362 bars at the bottom today so that and a few other reasons is why I went long there. Conceivable that GJ could rise 250 pips or so from here.
Gj should run here some. Maybe 100 pips
In terms of gann it's very important. Those fibs help mark the squares of time and price. If you want to make sure a bottom or top is in then modify your fib tool to show the .886, .786, 1.272, and 1.618. When you pull it and they line up then you're there (mostly). There's some other geometric stuff with 1.414 and 1.902 and 2.236 also. Match it up with EW and you'll do fine.
So just to clear this up some here it how it goes.
.886 is the square root of .786 and the fourth root of .618
.786 is the square root of 1.272 and the fourth root of 2.618.
1.272 is the square root of 1.618
1.618 is the square root of 2.618
1.902 is the square root of 3.618
.886 is the square root of .786.
1.0221 would be the 60 degree gann from the top.
I'll email you about that other thing since I went free no PMs. Yes it's possible if you're using Excel tho. Pretty sure the one I did already does it.
That is friggin hilarious!
Lol stargate, give it 24 days first before you buy the ticket.
AU going to .9750 me thinks guys.
If you look at the fibs we've got twin .854s top and bottom with an opposing 1.272 at the bottom. Should see the .786 (root of 1.272) of this last run which is about .9741 I think. Going to be a long dry 3 weeks.
Yes I've seen that. It may be good but there's so much free information out there I'd recommend reading the free stuff first. I've built several variants of the SQ9 in excel and some indicators with it so my understanding of the concept is pretty good.
Well been studying hard on it and some of the squares are difficult to project. It's difficult to understand which is why D and I haven't posted much about it. We've probably done up a good dozen or so spreadsheets and as many indicators in making sure we fully understand it as much as possible and I'm not sure we do yet. Typically do quite well waiting for the major 180s and 360s but sometimes a few days between trades. Very curious thing with Venus today in what is called Venus direct and how it lines up with the other planets. Should be interesting one way or the other in the next day or so.
Just a semi-uneducated guess lol based on the ephemeris and the wave count. I actually think it started a week or so ago but today I think it becomes evident.
I think today starts wave 3 down on s&P/equities and we not recover from these levels for a long time.
Been doing well with gann although there is a ton of a learning curve to get past but it works
Doin great
Yup gonna be singing some Steve miller there lol.
Yes, today was the day for reversal. There's a very peculiar pattern on weekly GU if you look close.
Two sets of .854 followed by .786. On the bottom side we had .447 after the first set which is the 2.236 inverse (square root of 5) and then a .707 inverse of 1.414 (square root of 2). Now after the second set we have a .5 going all the way back to 2008 which is the square of .707. I think there's a good chance of 1.67 from here which would be the 1.414 extension of this last drop.
Here's an interesting read.
http://www.forexlive.com/blog/2012/06/01/while-we-were-tending-the-servers/
Weekly trendline on GU.
Is that why it moving up? That crap never last long so I'm not trading it. Weekly cloud bottom break there at .78 bad sign of more to come I think.
You'd at least think they could count. Prior revised down to 77k from 115k. If they can't get it right then maybe they should just wait to release it until they can. They don't know shit from shinola me thinks.
Oh sheet, 69k NFP. Wheels off the bus big time.
Weekly cloud bottom on UJ.
Can't believe GJ hit 119.20. I mean I know I said it yesterday but seriously! 2.236 extension of the first drop and a SQ9 square. It will run from here.
Just a heckuva read tonight. Can't begin to describe all the crap on there.
http://www.drudgereport.com/