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Crassius replied Jan 18, 2013Just got filled on my highest EURJPY long.... YIPPEE EURJPY has fallen 90 pips in 15 mins... USDJPY about 5 pips.... What a crazy pair...
Euro/Dollar
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Crassius replied Jan 18, 2013EURJPY hasn't printed 120.37 yet... so there is no pverlap yet... still could be wave 4 with one lower wave 5 yet to come...
Euro/Dollar
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Crassius replied Jan 18, 2013Maybe EURJPY just decided to do some more complex correction... who knows... its the future
Sure looks like an impulsive end to a correction, but that pair is always explosive......Euro/Dollar
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Crassius replied Jan 18, 2013Failed triangle on EURJPY.... Want to see a print above 120.37 to absolutely put a fork in any more corrective movement from EURJPY... but it looks done to me... Would count as a truncated 5th wave as it was only 2 pips shy of the prior wave, and ...
Euro/Dollar
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Crassius replied Jan 18, 2013Here's the pattern... We use the bear market triangle in this case because even though EURJPY larger trend is Bull, the triangle is an interior wave to the C wave, which is heading down (bear)
Euro/Dollar
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Crassius replied Jan 18, 2013We wont be finished with EURUSD pull back until EURJPY is finished with its pull back... EURJPY is forming wave C of its ABC correction, and is in wave 4 of its five wave C.... it seems at this point in time to be forming wave 4 of c as a triangle. ...
Euro/Dollar
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Crassius replied Jan 18, 2013I have some orders to buy EURJPY lower... I think we have only 2 legs of a 3 legged downswing at this point... If that happens, it should catch my EURJPY orders on the next 3rd leg of a 3 legged downswing... and that will cause EURUSD to mirror ...
Euro/Dollar
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Crassius replied Jan 18, 2013EURJPY recovers from its pull back and is back over 120, and of course EURUSD seems to have recovered from its pull back... No one is really trading EURUSD... or cares about EURUSD right now... its all EURJPY.... Usually EURUSD is leading the ...
Euro/Dollar
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Crassius replied Jan 18, 2013I still need lots of practice.... one of the reasons I post here is it helps me organize my thoughts... but there is also much of the thought process that is just way too verbose to ever post... The process is starting out with several ...
Euro/Dollar
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Crassius replied Jan 18, 2013Here's the pattern.... on the way up, we had an overlap inside the forming wave 5 at 1.3361....
Euro/Dollar
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Crassius replied Jan 18, 2013The 3398 print was the end of an ending diagonal pattern, that allows for wave 4 overlap (requires it actually) only in a wave 5 or C position... It occurs in a creeping market with little underlying conviction... hence the overlapping into a new ...
Euro/Dollar
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Crassius replied Jan 18, 2013I think what we have is a completed 5 five wave impulse at 3398, and we are in the pullback that could go as low as the 61.8% retrace... I'm not sure at this point what degree the 3398 high is, but it is just a fractal.. or smaller part, wave 1 or ...
Euro/Dollar
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Crassius replied Jan 18, 2013Bouncing off support now, but I foresee another pull back.. as deep as 3315 trades 3352 right now off 3337 low
Euro/Dollar
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Crassius replied Jan 18, 2013Here ar ethe supports circled.... The 100 HMA is right in this zone as well... should catch any pullback that appears to be already underway...
Euro/Dollar
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Crassius replied Jan 18, 2013EURUSD looking weak with a lot of overlapping PA... if 3360 breaks to the downside there is support just below at 3349, 3335.... doubt it goes below 3335... Cancelling my stop loss order at 3365.... I'm just gonna hang onto it since solid support ...
Euro/Dollar